Woman Reported Missing in Trenton

Woman Reported Missing in Trenton

by Charlie Dwyer July 15, 2022

By: Charlie Dwyer

TRENTON, NJ – Police in Trenton are searching for a missing woman. According to police, 63-year-old Lorna Little, of Glassboro was last seen in Trenton and has been reported missing.

“She may be lost in the area of Academy Street and/or Fountain Street,” police said. “Lorna also goes by the name of Lorie. She was last seen wearing a brown winter coat, a grey sweater, blue jeans and a brown purse.”

If you have any information on her whereabouts, please contact the Trenton Police Department at 609-989-4000.

July 15, 2022 0 comments

Financial News

Wells Fargo profit slumps on higher loan loss reserves, mortgage weakness

by Reuters July 15, 2022

By: Reuters

(Reuters) – Wells Fargo & Co reported a 48% drop in quarterly profit on Friday as the bank set aside more funds to cover potential loan losses, while its mortgage lending business came under pressure from higher interest rates.

The company bolstered its loan loss reserves by setting aside $580 million in the second quarter, compared with a release of $1.26 billion a year earlier, when aggressive monetary stimulus measures cushioned a blow from the pandemic and propped up the economy.

Last quarter, the bank’s reserve release helped offset a decline in its mortgage lending business. This quarter soaring interest rates further dampened demand for mortgage originations, causing home loans to fall 53% from a year ago.

After hiring tens of thousands of staff between 2018 and 2020 to handle surging mortgage originations and refinancing driven by low interest rates, the mortgage sector is downsizing.

U.S. banks including JPMorgan Chase & Co and Wells Fargo have started cutting staff, with more industry layoffs expected in coming months, said analysts and economists.

“We do expect credit losses to increase from these incredibly low levels, but we have yet to see any meaningful deterioration in either our consumer or commercial portfolios,” Chief Executive Officer Charlie Scharf said in a statement.

Wells Fargo shares fell nearly 3% in premarket trading.

The fourth-largest U.S. bank has been in the regulators’ penalty box since 2016 for governance and oversight lapses related to a series of sales and other scandals.

It remains under the Federal Reserve’s $1.95 trillion asset cap, which has curtailed loan and deposit growth that Wells needs to boost interest income and cover costs.

The fourth-largest U.S. lender reported a profit of $3.1 billion, or 74 cents per share, for the quarter ended June 30, compared with $6 billion, or $1.38 per share, a year earlier.

Analysts on average had expected a profit of 80 cents per share, excluding items, according to the IBES estimate from Refinitiv.

Wells Fargo’s average loans rose to $926.6 billion from $854.7 billion a year earlier. Home lending recorded a 53% fall in earnings from a year earlier.

Overall, non-interest expenses fell to $12.9 billion from $13.3 billion a year earlier.

Now approaching his third year as the bank’s top boss, Scharf has been battling to accomplish what his two predecessors failed to do: steer the bank in the right direction after it spent billions on litigation and remediation expenses.

Scharf’s turnaround plan relies on cutting $10 billion in costs annually, scaling back the lender’s massive mortgage business and growing its investment bank, which he has called a $1 billion opportunity.

Wells Fargo’s total revenue fell to $17.03 billion from $20.3 billion a year earlier.

(This story corrects headline and first paragraph to remove comparison of profit with analysts’ estimates; adds “excluding items” in paragraph 11).

(Reporting by Noor Zainab Hussain and Niket Nishant in Bengaluru and Elizabeth Dilts Marshall in New York; Editing by Anil D’Silva)

July 15, 2022 0 comments

Financial News

Beijing’s assurances on mortgage protests fail to convince investors

by Reuters July 15, 2022

By: Reuters

By Xie Yu and Liangping Gao

HONG KONG/BEIJING -Chinese regulators’ assurances of help in delivering property projects on time failed to convince some homebuyers threatening to stop mortgage payments and investors continued to sell shares in embattled developers on Friday.

A growing nationwide homebuyers’ boycott has rekindled investor concerns about the China’s slumping property sector, which accounts for a quarter of the economy, and raised fears banks could face hefty writedowns.

Up to 1.5 trillion yuan ($220 billion) of mortgage loans are linked to unfinished Chinese residential projects, ANZ estimated in a report.

Shares in Chinese property developers extended losses, even after the banking watchdog vowed to strengthen coordination with other regulators to “guarantee the delivery of homes” and at least 10 banks said mortgages related to risky projects are relatively small, and risks are controllable.

The regulatory assurances came as homebuyers’ threats to withhold payments for stalled property projects have proliferated in official and social media in recent weeks, in a rare show of public discontent.

The Hang Seng Mainland Properties Index tumbled 5% on Friday, dragging the Hong Kong benchmark index down 2.2%.

Among those hardest hit, shares in Shanghai-based CIFI Holdings plunged 14.3%, while top developer Country Garden Holdings Co Ltd fell 8.6%.

Developers’ bonds also took a heavy hit.

A 2026 dollar bond of Yuzhou Properties traded at 6.354 cents on the dollar on Friday afternoon, down from 6.861 a day ago, while a 2024 bond of Xinyuan Real Estate dropped to 11.125 from 12.425.

Onshore, a yuan bond of Powerlong Real Estate and Sino-Ocean Group < 3377.HK> slid 20% and 16%, respectively.

Government assurances were not enough to convince at least some homebuyers threatening to stop mortgage payments.

One homebuyer in the east-central Chinese city of Zhengzhou said on Friday that while local authorities assured buyers that the developers would resume construction soon, there hadn’t seen any action on the ground.

“We don’t have any other way to voice at the moment and we’re still in a desperate situation,” said the person, who declined to be identified due to sensitivity of the matter.

In a letter issued to the Xinyuan homebuyers in Yingyang, Zhengzhou, on Friday and seen by Reuters, the housing regulator said it along with other government departments had reached an agreement with the developer and the contractor that some funds would be paid to resume construction.

Another homebuyer in the northern-central city of Nanchang told Reuters that after regulatory assurances late on Thursday some people in his city had drafted an open letter to report developers’ “misdeeds”.

Earlier on Thursday, local regulators in Xi’an, a city in west China, said they would tighten oversight of escrow accounts and make sure money put down by home owners isn’t transferred illegally by property developers.

The widening mortgage boycott has added to worries about a prolonged slump in China’s property market and the risk of possible social unrest. Date on Friday showed property investment, home sales and new construction starts continued to slump.

“Things will get worse before they get better,” said Xiaoxi Zhang, China finance analyst of Chinese research group Gavekal Dragonomics.

“China has been determined to curb the leverage (taken on) by property developers and the government will still try to refrain from providing liquidity to them in a big scale. It will take time for some more targeted measures to be issued,” she said.

As property firms stocks weakened, a selloff in banking shares also gathered steam amid investor concerns that the mortgage revolt may snowball.

An industry gauge tracking mainland banks closed down 1.6%.

Tommy Xie, head of Greater China research of OCBC Bank, said the mortgage repayment suspension is turning from a “liquidity crisis (for) property developers to a financial crisis”, and has made it urgent for the central government to step in.

(Reporting by Xie Yu and Liangping Gao; Additional reporting by Winnie Zhou; Writing by Clare Jim; Editing by Sumeet Chatterjee, Kenneth Maxwell and Kim Coghill)

July 15, 2022 0 comments

Breaking News Ohio News Police Blotter

Road Rage Incident Turned Violent in Columbus

by Ryan Dickinson July 15, 2022

By: Ryan Dickinson

COLUMBUS, OH – Police in Columbus are seeking to identify a suspect after a road rage incident on Hudson Street turned violent.

According to the Columbus Police Department, on July 1st, at approximately 6:50 P.M. the suspect was traveling as a passenger in a red Toyota Matrix with a California license plate.

“The Toyota ran a red light, nearly causing an accident with the victim,” police reported. “The victim honked his horn at the suspect. The suspect began cursing at the victim until the two vehicles stopped at the intersection of Hudson Street and Deming Avenue.”

Police said the argument escalated.

“After stopping the suspect exited his vehicle and proceeded to the victim’s vehicle,” CPD said. “Once at the victim’s vehicle, the suspect took the victim’s phone and punched him multiple times in the face. The suspect then struck the victim’s wife multiple times.”

Things got worse. As this was occurring, a female suspect from a silver Honda Odyssey with an Ohio license plate got out and attacked the victim’s wife.

The female suspect struck her in the back of the head and neck.

July 15, 2022 0 comments

Financial News

Israel rate hikes to continue as inflation hits 14-year high of 4.4% in June

by Reuters July 15, 2022

By: Reuters

By Steven Scheer

JERUSALEM -Israel’s annual consumer price index (CPI) rose 4.4% in June, the most since November 2008, the Central Bureau of Statistics said on Friday as another rise in interest rates beckons.

A Reuters poll of analysts had projected 4.5%. CPI rose 0.4% in June from May, led by gains in transport, housing rentals and healthcare.

The Bank of Israel is widely expected to raise interest rates again at its next meeting on Aug. 22 after three straight increases since April that have taken the benchmark rate to 1.25% from 0.1%. Last week it raised the rate by a half-point.

“Inflation is accelerating broadly,” said Leader Capital Markets Chief Economist Jonathan Katz.

“With the Bank of Israel rather influenced by other central banks who are front-loading, it is fair to expect a 0.5% hike on August 22 and 0.5% on October 3 with rates reaching 2.75% in early 2023.”

While Israel’s inflation rate is around half that in the United States and Europe and its central bank says some price pressure stems from global supply issues and commodity prices, policymakers are concerned over a very low jobless rate of 3% that is pushing up wages.

Meanwhile, consumer demand remains robust, contributing to expected economic growth of 5% this year.

Economy Minister Orna Barbivai asked Israel’s top supermarket chains to delay for two weeks raising regulated bread prices that were set to jump 20% next week, according to a statement from the Prime Minister’s Office on Friday. The chains agreed, it said.

Barbivai also spoke with representatives of major bakeries to find a solution to higher raw materials costs without harming consumers.

Prime Minister Yair Lapid said he would enter into discussions with relevant authorities on Sunday.

The shekel gained to 3.48 per dollar from a rate of 3.49 after the inflation report.

(Reporting by Steven Scheer; Editing by Hugh Lawson and John Stonestreet)

July 15, 2022 0 comments

Breaking News New Jersey News North Jersey News Police Blotter

Three Teens Arrested for Gun Possession in Newark

by Charlie Dwyer July 15, 2022

By: Charlie Dwyer

NEWARK, NJ – Three 19-year-old have been arrested and charged for illegally possessing guns in the city of Newark. According to Interim Newark Public Safety Director Raul Malave, Jasir Germant, 19, of Newark, and Jason A. Hunter, 19, of Hillside, for weapon possession, and Raquil Hayes, 19, of Newark, were arrested for possession of prohibited ammunition, on Wednesday.

“I commend our officers for their commitment to removing illegal guns from our neighborhoods,” Interim Director Malave said. “Their hard work has resulted in a 33 percent increase in recovered firearms this year over the same period in 2021.”

Police records show that at approximately 11:30 p.m., police patrolling the area of Rose Street observed a vehicle traveling at a high speed on Brenner Street before turning onto 18th Avenue and then onto Winans Avenue.

“The vehicle stopped in the area of Winans Avenue near Kipp Street, where Hayes was observed exiting the vehicle with a gun,” the Newark Police Department reported. “Upon becoming aware of police presence, Hayes ran into a residence in the area. He was arrested upon exiting the residence and faces charges of obstruction of the administration of the law and possession of a prohibited weapon (hollow point ammunition).

The following was obtained from a Newark Police Department report:

Germant, the vehicle’s backseat passenger, was found in possession of a loaded .9mm handgun that was reported stolen out of Allentown, PA. He was arrested without incident and faces charges of unlawful possession of a weapon, possession of prohibited weapons (large capacity magazine), and receiving stolen property.

The vehicle’s driver, Hunter, was found in possession of a loaded .45 caliber handgun that had been reported stolen out of Edison, NJ. He is charged with unlawful possession of a weapon, possession of prohibited weapons (hollow point ammunition), and receiving stolen property.

July 15, 2022 0 comments

Top Headlines US and World News

Italy stuck in political limbo, prospect of early election grows

by Reuters July 15, 2022

By: Reuters

By Crispian Balmer and Giuseppe Fonte

ROME – Italy might need early elections to overcome a political impasse, government officials said on Friday, after Prime Minister Mario Draghi tendered his resignation in the wake of a mutiny by a coalition partner.

President Sergio Mattarella rejected Draghi’s resignation on Thursday and asked him to address parliament next week to get a clearer picture of the political situation.

If unity cannot return swiftly to government ranks, the only alternative would be for an election to be called in the autumn, Foreign Minister Luigi Di Maio said, warning that an early vote would be welcomed by Russia, but would damage Italy’s economy.

“If Draghi falls, we vote,” he told RTL radio, adding that without a fully functioning government in the coming months, Italy would risk losing billions of euros in European Union post-pandemic recovery funds and would not be able to enact measures to combat climbing energy costs.

“The Draghi government and the coalition that supported it must continue, but right now I see it as very, very difficult.”

Draghi’s 18-month-old government was thrown into turmoil by the populist 5-Star Movement, which boycotted a parliamentary confidence motion on Thursday on Draghi’s plans to tackle the growing cost of living, arguing they did not go far enough.

Critics say the party, which was torn apart by a schism last month, was acting merely out of self interest, anxious to raise its profile with voters following a slump in the opinion polls.

The risks of political chaos has unnerved financial markets with the premium Italy pays over German debt rising to a one-month high on Friday.

Underscoring those concerns, European Central Bank policymaker Olli Rehn said Italy could be hit particularly hard by a European energy crisis in the wake of its political crisis, saying Draghi had brought “much-needed stability, perseverance and firmness to Italian decision-making.”

Speaking in his native Finland, Rehn said: “It may be that we will see a very difficult period in Italy.”

EUROPEAN CREDIBILITY

A national election is due in the first half of 2023 and bringing the vote forward would give parties little time to draw up manifestos and prepare their lists of candidates.

However, two sources in the prime minister’s office, who declined to be named, expressed pessimism over the future of the coalition, saying Draghi was determined to stand down. The most likely outcome was a vote in early October, they said.

In that case Draghi could stay on in a caretaker capacity, but would not be able to draw up budget for 2023 or enact reforms demanded by Europe in return for the recovery funds.

“Italy cannot do without Mario Draghi,” said Renato Brunetta, the public administration minister and a member of the centre-right Forza Italia party. “We cannot lose the credibility and trust we have gained in Europe and the world in such difficult times,” he wrote on Twitter.

Draghi, a widely respected former ECB president, has played a prominent role in the EU’s response to Russia’s invasion of Ukraine, helping draw up economic sanctions on Moscow and sending weapons to Kyiv.

None of the parties in the national unity government have called for elections in the wake of Draghi’s resignation offer. However, the one major group that stayed outside the coalition, the far-right Brothers of Italy, embraced the idea at once.

Led by Giorgia Meloni, the Brothers of Italy has seen its support soar during its time in opposition and looks likely to emerge as the largest single party in the next parliament.

“With Draghi’s resignation … this legislature is over,” Meloni wrote on Twitter. “Elections immediately.”

Italy has not had an autumn election since World War Two as that is normally the period when the budget is drawn up.

The 5-Star is likely to come under heavy pressure from other coalition partners to back down in its confrontation with Draghi and allow his administration to see out the legislature, but there was no immediate sign of any shift in its position.

“We now have 5 days to work so that parliament confirms its trust in the Draghi government and Italy emerges as quickly as possible from the dramatic crisis it is currently entering,” said Enrico Letta, head of the centre-left Democratic Party.

(Additional reporting by Alessia Pe and Giulia Segreti; Editing by Alison Williams)

July 15, 2022 0 comments

Breaking News Maryland News Police Blotter

Trucks Stolen from Elkridge Dealer, 15-Year Old Suspected in Columbia Home Invasion

by Jeff Jones July 15, 2022

By: Jeff Jones

HOWARD COUNTY, MD – The Howard County Police Department has released information regarding several incidents that occurred earlier this week including two auto thefts from a car dealership in Elkridge and a forced entry home invasion in Columbia. A 15-year-old is the prime suspect in that break-in.

Here’s What’s Happening

Commercial burglary
Elkridge, 21075: Fuentes Brothers Auto Sales, 6200 block of Washington Boulevard, July 12-13 overnight
Unknown suspect(s) entered the business by forcing open the front door and stole dealer tags and two vehicles – a 2010 Ford F-450 and a second that was recovered nearby.

Residential burglary
Columbia, 21044: 5200 block of Cedar Lane, July 13 1:20 p.m.
A resident reported that a male suspect entered the residence by kicking open the door before fleeing. Nothing was reported stolen.
SUSPECT: Black male, approximately 15 years old, wearing a red shirt and white and blue shorts over black tights

Theft from vehicle/vehicle break-in
Columbia, 21044: 10300 block of Swift Stream Place, July 13, sunglasses

Laurel, 20723: 10100 block of North Second Street, July 13, nothing reported stolen
9600 block of Maryland Avenue, July 13-14 overnight, credit cards

Columbia, 21046: Vollmerhausen Road, July 13-14 overnight, purse
7500 block of Monarch Mills Way, July 13-14 overnight, tag

Jessup, 20794: 8700 block of Smithfield Place, July 13-14 overnight, nothing was reported stolen

July 15, 2022 0 comments

Breaking News Police Blotter

Cumberland Police Blotter: July 14, 2022

by Jeff Jones July 15, 2022

By: Jeff Jones

CUMBERLAND, MD – The Cumberland Police Department have made two notable arrests in the past two days.

The following incidents were reported by the department:

On Wednesday, July 13, 2022, the Cumberland Police Department served an arrest warrant, a bench warrant, and a criminal summons on Evan West. The arrest warrant was issued as a result of a private company filing charges against West for theft. The bench warrant was issued due to West failing to appear for a court case on May 20, 2022. West was originally charged with Assault-2nd Degree. The summons was issued in connection with an incident that occurred on June 7, 2022. On this date, an officer of the Cumberland Police Department conducted a traffic stop on Interstate 68 westbound. The operator was issued two traffic citations. After further investigation, it was determined that the operator had provided the officer with false information to avoid prosecution and his true identity was Evan West. West was arrested and later seen by a District Court Commissioner. West was released on two $5,000 unsecured personal bonds.

On Wednesday, July 13, 2022, the Cumberland Police Department served an arrest warrant on Hawke Coffman. The warrant was issued in connection with a motor vehicle theft investigation conducted by the Allegany County Sheriff’s Office. The officer filed for charges and an arrest warrant was issued. Coffman was arrested and later seen by a District Court Commissioner who remanded him to the Allegany County Detention Center on a $7,500 bond.

July 15, 2022 0 comments

Breaking News Police Blotter Virginia News

Three People Still Unaccounted For in Virginia Flooding As Search Efforts Continue

by Jeff Jones July 15, 2022

By: Jeff Jones

BUCHANAN COUNTY, VA – The Virginia State Police on Thursday reported that three people remain unaccounted for after flooding earlier this week in Virginia. To date, the agency also reports that there have been no reported serious injuries or deaths.

The number of missing decreased from 44 the previous night.

On Thursday, the Virginia State Polcie worked trhough the night in partnership with the Buchanan County Sheriff’s Office, Virginia Department of Emergency Management Virginia Department of Forestry and local search and rescue teams to locate and reunite residents in the flooded communities of Buchanan County.

On Thursday, the floodwaters began receding and the county emergency services are able to work with the Virginia Department of Transportation (VDOT) crews with removing debris and mud from the roadways to get them re-opened, assessing damage to residences.

July 15, 2022 0 comments

Breaking News Central Jersey News Mercer County News New Jersey News Police Blotter

Trenton Man Pleads Guilty After Being Caught with Gun Used in Another Gang-Related Shooting

by Charlie Dwyer July 15, 2022

By: Charlie Dwyer

TRENTON, NJ – A Trenton man has pleaded guilty to second-degree aggravated assault charges after firing a gun at a moving vehicle last October. It turns out, police tied that gun to another gang-related shooting in the city dating back to 2020.

Acting Attorney General Matthew J. Platkin called it a “community gun” that had been used in a prior shooting allegedly committed by members of the violent “Get Money Boys” or “GMB” gang in 2020.

“Kevion Watkins, 19, of Mellon Street pleaded guilty to second-degree aggravated assault for firing two bullets into a moving vehicle, striking one of the occupants in the hand following a physical altercation inside a Trenton deli last year,” Platkin said.

“A single gun can cause significant violence and destruction when it is circulated and shared by individuals involved in criminal activity,” said Acting Attorney General Platkin. “The arrest and conviction of this defendant not only brings accountability for this shooting, it also cuts off access to a community gun used for multiple violent crimes.”

According to a report issued today by Platkin:

Watkins was arrested on October 2, 2021, by Trenton Police who responded to a ShotSpotter alert of two rounds fired on Oakland Street shortly before 10 a.m. Watkins was taken into custody after he attempted to exit an Oakland Street apartment building where he fled after the shooting. Police recovered the weapon – a silver and black 9mm Ruger with a defaced serial number – under a floor mat in a common area of the building.

The gun was later linked by ballistic testing to at least one prior shooting – a May 1, 2020 incident in which five GMB members allegedly opened fire on a group of individuals on Sanhican Drive in Trenton, wounding two men. The suspects charged in that shooting are among 20 alleged members and associates of GMB who were indicted last year in connection with multiple shootings in Trenton. Those shootings also include: the December 2019 murder of a 32-year-old man; the attempted murder of a Trenton police officer in February 2020; and a June 2020 shooting that wounded several bystanders, including a 12-year-old girl who was critically injured. Watkins, who turned 18 in August 2020, is not a defendant in that case.

“By sharing intelligence with local and county law enforcement, we were able to connect the dots to secure critical evidence linking this lone shooting to a rash of gang violence terrorizing the city of Trenton,” said Director Pearl Minato of the Division of Criminal Justice. “We will continue working closely with our law enforcement partners throughout New Jersey and beyond to remove illegal guns from our streets and hold accountable individuals who use them to carry out their violent agendas.”

July 15, 2022 0 comments

Breaking News New York News Police Blotter

Rock Pleads Guilty to Four Counts of Robbery

by Adam Devine July 15, 2022

By: Adam Devine

SARATOGA SPRINGS, NY – A suspect who robbed four different Saratoga Springs businesses, claiming he had a gun, has pleaded guilty to the robberies. Justin P. Rock admitted in court that he robbed the four businesses between February 19th and February 21st.

According to court documents, Rock entered four separate businesses in downtown Saratoga Springs, indicated that he had a firearm, and demanded cash from the register.

“Between those dates, Rock entered the X-Tra Mart, Smoke n’ Save, Post Time Wine and Spirts, and I Love New York Pizza and made away with collectively hundreds of dollars in cash,” District Attorney Heggen said. “Rock, in fact, robbed three separate business in such a manner on February 21st—two of them less than ten minutes apart.”

“As I have stated previously,” said Heggen “Thanks to the experience of the Criminal Investigations Unit of the Saratoga Springs Police Department we were able to gather, analyze, and act upon a tremendous amount of video and physical evidence within a short period of time. Given their seasoned professionalism we were able to quickly apprehend Justin Rock before he was able to harm anyone else. Given the volume of evidence they were able to gather, we were able to bring about a just resolution to all four (4) cases which will hopefully discourage others from following in Justin Rock’s footsteps.”

July 15, 2022 0 comments

Breaking News New York City News New York News Police Blotter

Tomahawk Axe Attacker Sentenced to 16 Years in State Prison

by Adam Devine July 15, 2022

By: Adam Devine

CORINTH, NY – Justice D. Locke, III has been sentenced to 16 years in state prison after being convicted for assaulting another man inside his apartment with a tomahawk-style axe last October.

According to Saratoga County District Attorney Karen A. Heggen, Locke was sentenced by Saratoga County Court Judge James A. Murphy, III to 16 years in state prison to be followed by five years of post-release supervision.

The incident happened on the morning of October 27, 2021. The Saratoga County Sheriff’s Office was called to an apartment located at 16 Mallery Street in the Village of Corinth in response to a 911 call from a cab driver.

“The driver discovered a male victim with serious physical injuries and in need of immediate medical intervention. The man was treated by EMTs from Jessup’s Landing EMS and airlifted to Albany Medical Center for critical emergency care,” police said at the time.

D.A. Heggen on Thursday said, “A subsequent investigation by Saratoga County Sheriff’s Office Investigators Jeff Bouyea and Steven Brown pointed towards a person of interest who had entered the Cumberland Farms store in the Village of Corinth the night before. That individual was in a highly agitated state and had signs of blood on his hands. Through further investigation this person was identified as Justice D. Locke, a resident of the Town of Indian Lake, NY.”

Sheriff’s Department investigators were able to locate Mr. Locke in the Town of Indian Lake and he was voluntarily taken to the Saratoga County Sheriff’s Office in Milton for an interview.

Locke admitted to assaulting the victim with an axe and was charged.

District Attorney Heggen said, “This was a bold and purposeful attack which will affect the victim in this case for the rest of his life. However, the significant and just sentence in this case will hopefully bring some satisfaction and closure to the victim, his family, and the community.”

July 15, 2022 0 comments

Top Headlines US and World News

U.S. Senator Manchin opposes tax and climate proposal, Washington Post reports

by Reuters July 15, 2022

By: Reuters

WASHINGTON – Democratic Senator Joe Manchin told Senate Majority Leader Chuck Schumer on Thursday he won’t support a Democratic proposal for new climate change spending and higher taxes for corporations and wealthier Americans, the Washington Post reported.

Manchin, a key Democratic swing vote in the Senate, stymied earlier attempts to pass President Joe Biden’s “Build Back Better” legislation over concerns about the deficit and inflation.

Democrats had hoped to pass a tax and spending bill before mid-term elections in November.

The senator did tell Democratic leaders he was open to reducing prescription drug prices for seniors and extending subsidies that help keep health insurance costs lower, the Post reported, citing two unidentified people familiar with the matter.

Asked about the Post report, Manchin spokesperson Sam Runyon said: “Senator Manchin believes it’s time for leaders to put political agendas aside, reevaluate and adjust to the economic realities the country faces to avoid taking steps that add fuel to the inflation fire.”

A representative for Schumer did not respond to a request for comment from Reuters.

(Reporting by Eric Beech; Editing by Kenneth Maxwell)

July 15, 2022 0 comments

Financial News

Japan finance minister warns vs speculative moves behind rapid yen weakening

by Reuters July 15, 2022

By: Reuters

By Tetsushi Kajimoto

TOKYO -Japanese Finance Minister Shunichi Suzuki warned on Friday against “speculative moves” seen behind a rapid yen weakening, using the strongest wording to the day as the yen weakened to fresh 24-year lows beyond 139 yen to the dollar.

“I’m concerned about recent sharp yen weakening,” Suzuki told reporters, adding that the government would liaise with the Bank of Japan while closely watching currency moves more urgently.

“We will take appropriate response if necessary while striving to closely communicating with currency authorities from other countries,” Suzuki said, signaling his readiness to intervene to stem the yen weakness.

However, Japan is unlikely to gain support from the United States for any joint action to weaken the dollar as the Federal Reserve is scrambling to raise interest rates to defeat surging inflation.

The Bank of Japan on the other hand is expected to continue powerful monetary easing to back a fragile economy, causing interest rate differentials to weaken the yen.

Suzuki said he told G20 that Japan was closely watching sudden currency moves with a high sense of urgency.

Suzuki was speaking to reporters after attending the first day of the Group of 20 financial leaders’ two-day gathering at the resort island of Bali in Indonesia, with global economy, health and low-income countries’ debt problems on agenda.

With the Ukrainian finance minister attending the meeting online, Suzuki said Japan reaffirmed solidarity with Ukraine and condemned Russia over its invasion of the country.

Suzuki told G20 that “global economy is facing many difficulties due to Russia’s war (in Ukraine). Russia makes it difficult to hold constructive debate at G20 … Russia is responsible for all the economic consequences of the war.”

Russia was represented by vice finance minister at the meeting and Suzuki decided to deliver harsh messages against him without walking out. Other G7 nations also refrained from walking out, he said, adding that it was hard to tell whether the G20 could issue a communiques.

At the meeting, Suzuki expressed gratitude towards many countries that have offered condolences to slain ex-Prime Minister Shinzo Abe who was shot to death a week ago by a man while campaigning for last Sunday’s upper house election.

(Reporting by Tetsushi KajimotoEditing by Raissa Kasolowsky)

July 15, 2022 0 comments

Baltimore News Breaking News Maryland News Police Blotter

Witnesses Sought in Fatal Hit and Run of 65-Year-Old Baltimore Woman

by Jeff Jones July 15, 2022

By: Jeff Jones

BALTIMORE, MD- A 65-year-old woman was struck and killed by a hit-and-run driver on Broadway on July 6th. Now. police are asking the public to help them identify the vehicle’s driver.

At around 2:52 pm, a 2000 to 2006 red Chevy Tahoe struck the woman while she was crossing the roadway in the 2000 block of North

Police reported, “At approximately 2:52 p.m., Southeast District officers were dispatched to the 2000 block of North Broadway to investigate reports of an injured pedestrian. When officers arrived at the location, they observed an unresponsive 65-year-old female.”

At the scene, Baltimore C.R.A.S.H. team investigators learned from witnesses that the victim was struck by a vehicle while crossing the roadway on foot, with the assistance of a walker. The vehicle fled the area southbound on North Broadway.

The woman was rushed to the hospital where she was pronounced dead on arrival.

Any witnesses to this fatal hit-and-run are urged to contact detectives at 410-396-2606 or 911.

July 15, 2022 0 comments

Top Headlines US and World News

U.S. House panel to consider assault weapons ban next week

by Reuters July 15, 2022

By: Reuters

WASHINGTON -The U.S. House Judiciary Committee will take up proposed legislation next week that would ban certain assault weapons, the panel said on Friday, citing a string of recent mass shootings across the United States.

The committee will meet on Wednesday to mark up the bill, which “would ban the sale, import, manufacture or transfer of certain semi-automatic weapons,” it said in a statement.

A spate of gun massacres since May at a New York grocery store, a Texas elementary school and an Illinois Independence Day parade have renewed fierce U.S. debate over gun regulations.

“Our country has witnessed senseless killing after senseless killing, and each time one fact has remained remarkably consistent — the weapon of choice for mass slaughter is a high-powered assault weapon,” Committee Chairman U.S. Representative Jerrold Nadler, a New York Democrat, said in a statement that cited AR-15 style firearms.

Representatives for gunmakers could not be immediately reached for comment.

The bill, if enacted, would allow the sales of such weapons that are already lawfully possessed and would not apply to antique, manually-operated or certain hunting and sporting firearms, the panel said.

If the measure passes the committee, House Democratic leaders, who control the chamber, could bring it to the floor for a full vote before sending it to the 50-50 divided Senate, where it needs 60 votes to pass.

“There is great support in our caucus for an assault weapon ban,” House Speaker Nancy Pelosi told reporters on Thursday. U.S. President Joe Biden has also said he supports it.

A federal ban on assault weapons was enacted in 1994 but expired in 2004.

The House Oversight Committee has separately called on three gunmakers– Smith & Wesson Brands, Sturm, Ruger & Co and Daniel Defense — to testify on Wednesday.

Biden last month signed a bipartisan gun safety measure into law that included provisions aimed at helping states keep guns out of the hands of people deemed to be a danger, marking the first major U.S. gun reform in three decades.

(Reporting by Susan HeaveyAdditional reporting by Moira WarburtonEditing by Raissa Kasolowsky and Frances Kerry)

July 15, 2022 0 comments

Financial News

U.S. equity funds record third weekly outflow in a row

by Reuters July 15, 2022

By: Reuters

(Reuters) – U.S. equity funds witnessed outflows for the third week in a row in the week ended July 13, on pessimism over economic growth and earnings outlook as companies are hit by higher borrowing costs and lower margins.

According to Refinitiv Lipper data, U.S. equity funds faced outflows of $1.41 billion, compared with $5.45 billion worth of net selling in the previous week.

GRAPHIC: Fund flows: US equities, bonds and money market funds- https://fingfx.thomsonreuters.com/gfx/mkt/zdpxobxjzvx/Fund%20flows%20US%20equities%20bonds%20and%20money%20market%20funds.jpg

Data released this week showed U.S. consumer prices accelerated faster than economists had forecast, as the CPI jumped 9.1% in the 12 months to June, bolstering the case for more Fed rate hikes.

On Thursday, both JPMorgan Chase & Co and Morgan Stanley reported a slump in profits for the second quarter, and warned of an impending economic slowdown.

U.S. small- and mid-cap funds recorded outflows worth $2.38 billion and $81 million, respectively, but large-cap funds gained $1.98 billion in inflows.

GRAPHIC: Fund flows: US growth and value funds- https://fingfx.thomsonreuters.com/gfx/mkt/gdpzylmjzvw/Fund%20flows%20US%20growth%20and%20value%20funds.jpg

Among sector funds, consumer discretionary, tech and industrials lost $715 million, $403 million, and $307 million, respectively, in outflows, while utilities had purchases worth $298 million net.

GRAPHIC: Fund flows: US equity sector funds- https://fingfx.thomsonreuters.com/gfx/mkt/jnpwedargpw/Fund%20flows%20US%20equity%20sector%20funds.jpg

Meanwhile, safer money market funds gained about $10 billion in the second straight week of net buying.

Data showed investors withdrew $705 million out of U.S. bond funds after net purchases of $2.72 billion in the week before.

Investors disposed of U.S. short/intermediate investment-grade funds of $3.32 billion, while loan participation funds suffered outflows of $1.29 billion in a sixth consecutive week of net selling.

Meanwhile, U.S. short/intermediate government and treasury funds obtained $1.65 billion in net buying, after posting small outflows in the previous week.

GRAPHIC: Fund flows: US bond funds- https://fingfx.thomsonreuters.com/gfx/mkt/zdvxobxgzpx/Fund%20flows%20US%20bond%20funds.jpg

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shinjini Ganguli)

July 15, 2022 0 comments

Financial News

Analysis-ECB bond aid plan’s fault lines exposed by Italy’s political crisis

by Reuters July 15, 2022

By: Reuters

By Francesco Canepa

FRANKFURT – A government crisis in Italy is complicating a politically sensitive plan devised by the European Central Bank to support indebted euro zone countries on the bond market before it even starts in earnest.

In an unprecedented effort to cap borrowing costs, the ECB said last month it would buy more of a given state’s bonds if its debt yields rose too far in an unwarranted fashion.

The scheme, using the proceeds of the ECB’s existing bond holdings as well as a new mechanism to be unveiled next week, was a response to a sudden rise in yields across southern Europe.

The rise was most acute in Italy, largely due to investors pricing in slower economic growth and the impact of higher interest rates on its 2.5-trillion-euro debt pile.

But the latest surge in Italian bond yields and in the borrowing premium it pays over safe-haven Germany has been harder to interpret, as markets respond to fears of a collapse of Mario Draghi’s government, whose fate hangs in the balance.

This leaves the ECB in the awkward position of determining which part of the spread widening is “unwarranted” – or giving up buying Italy’s bonds altogether.

That decision has legal implications, as intervening in the middle of a government crisis would provide fresh ammunition to those who have accused the ECB, via its market transactions, of breaking the law by getting involved in politics.

Such criticisms – along with lawsuits challenging a long-running ECB asset purchase scheme – have been prominent in Germany.

Bundesbank President Joachim Nagel has this month fleshed out its latest concerns, saying that determining if a risk premium was justified or not was “virtually impossible”, and that market prices should be deemed as fair until proven otherwise.

“The spread widening is the result of the market reassessing the fiscal outlook and the prospect for reforms, so before a new government is known it’s difficult to say that it’s unwarranted,” said Dirk Schumacher, an economist at Natixis.

VOLATILE SPREADS

The ECB is buying bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from maturing German, French and Dutch debt in a bid to cap spreads between countries’ borrowing costs.

It is also working on a new programme to allow it to buy even more bonds from Southern European countries, using newly minted money that could then be offset by draining liquidity via reverse auctions or certificates of deposits.

In both cases, purchases can only be activated if what the ECB terms financial “fragmentation” between different countries is deemed unjustified.

When the ECB announced its plans on June 15, the closely watched spread between Italian and German 10-year bonds had hit a two-year high of 250 basis points. That helped narrow it to 186.

It is now back around 222 as investors weigh hopes of Draghi – Christine Lagarde’s predecessor as ECB president – staying against the risk of new elections, at which polls suggest the far-right Brothers of Italy may emerge as the biggest party.

That also begs the question of what subsequent rises might be considered warranted or not.

“The ECB will not and should not react to what is happening in Italy,” said Frederick Ducrozet, an economist at Pictet, adding that it could let the spread rise to 300 basis points without intervening.

STRINGS ATTACHED

The new scheme will come with strings attached, aimed at thwarting fresh legal challenges by showing the courts the ECB is not simply bankrolling indebted governments.

Countries might be expected to comply with the European Commission’s economic recommendations and the terms of the European Union’s recovery fund, and have their debt deemed sustainable by the ECB, the Commission or the European Stability Mechanism, sources have told Reuters.

In light of the events in Italy, those conditions may prove vital to making the scheme workable.

“They can tell Italy: it’s your choice, you’re either European or not,” Ducrozet said.

With a recession in Europe looming if Russia turns off the gas taps in the autumn, others think the ECB should not play hardball.

“Europe can’t afford a new crisis in the current situation,” said Carsten Brzeski, an economist at ING.

“This means the ECB will have to sound even more determined to act and it also means easier conditionality on the new tool.”

He saw the ECB linking the new scheme to a country sticking to reform plans rather than having the stigma of getting the ESM -created as a bailout fund a decade ago – involved.

In 2018, the ECB stayed put when Italian spreads widened after the formation of what was then seen as a populist, eurosceptic government.

But now, the worries about higher rates and political concerns are harder to disentangle.

(Reporting by Francesco Canepa; editing by John Stonestreet)

July 15, 2022 0 comments

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‘The Only Candidate Joe Biden Could Beat Is Donald Trump’: CNN Data Reporter Weighs In On 2024

by The Daily Caller July 15, 2022

By: The Daily Caller

‘The Only Candidate Joe Biden Could Beat Is Donald Trump’: CNN Data Reporter Weighs In On 2024

Harold Hutchison on July 14, 2022

A CNN data reporter claimed that President Joe Biden would lose re-election to anybody but former President Donald Trump Wednesday.

“Joe Biden’s favorable rating is actually slightly higher than Donald Trump’s,” Harry Enten told CNN host Anderson Cooper. “It’s not that he’s a popular guy, but if you look at that slide, 41% is a higher favorable rating than 39%. And so, this something gets at what Joe Biden was talking about, why he welcomes this, because I’m fairly convinced, at this point, that the only candidate that Joe Biden could beat is Donald Trump.”

Enten explained that the one issue that was driving Biden’s unpopularity was inflation. The Consumer Price Index (CPI) rose 9.1% year-to-year in June, the Bureau of Labor Statistics reported, after climbing 8.8% year-over-year in May.

WATCH:

“Take a look at Joe Biden’s job disapproval rating since last year, July of 2022,” Enten said before correcting himself. “Then look at it seven months ago in December of 2021 — July of 2021, December of 2021 and now, what do you see? You see his disapproval rating is rising from the 40s into the high 50s. At the same time, look at the percentage of people who say that their top familial concern is, in fact, inflation.”

“Back in July of 2021, a year ago, it was basically nobody who was saying that inflation was a large concern, maybe outside of Larry Summers, then it started picking up in December of 2021. And now, it is a clear number one issue and we see this clear correlation: as more people are concerned about inflation, Joe Biden’s disapproval rating climbs ever higher,” Enten said.

The White House did not immediately respond to a request for comment from the Daily Caller News Foundation.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact The Daily Caller News Foundation

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]. Read the full story at the Daily Caller News Foundation

July 15, 2022 0 comments

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Trump Makes His Return To DC For The First Time Since Leaving Office

by The Daily Caller July 15, 2022

By: The Daily Caller

Trump Makes His Return To DC For The First Time Since Leaving Office

Max Keating on July 14, 2022

Former President Donald Trump will be returning to Washington, D.C., on July 26 for the first time since the end of his term as president for a keynote address he’ll be delivering at the America First Policy Institute (AFPI).

Trump will be speaking on the second day of an AFPI summit, which will focus on lowering energy and gasoline prices, combating inflation, giving parents more control of their children’s education, reducing crime in U.S. cities and securing the border according to AFPI’s press release. The former president’s return to the district comes as he’s facing scrutiny in Congress over his alleged involvement in events preceding the Jan. 6 Capitol riot.

Official announcement from ⁦@A1Policy⁩ that former President Trump will return to DC this month to address its summit pic.twitter.com/KgbPlX8CU9

— Mario Parker (@MarioDParker) July 14, 2022

Trump was last in Washington roughly 18 months ago, on January 20, 2021, the New York Post reported. He left just before President Joe Biden’s inauguration, making him the first outgoing president in over 150 years not to attend his successor’s inauguration, the Post added.

“The America First Policy Institute is excited to welcome President Donald Trump back to Washington, D.C. Our team will introduce a policy agenda that will get our country back on the right track. These policies worked before, and they will work again.” said Brooke Rollins, president and CEO of AFPI and former director of the White House Domestic Policy Council under Trump.

Trump has spent the majority of his time since leaving office at Mar-a-Lago, but has remained politically active by meeting with and lending his endorsement to Republican candidates from across the country who he sees as committed to his brand of conservatism, The New York Times reported. His political action committee has brought in over $120 million—more than double the Republican National Committee—to help those candidates win their primary and general elections, the NYT added.

Other speakers for the AFPI summit include former Speaker of the House Newt Gingrich, House Republican Leader Rep. Kevin McCarthy, 8 former Trump administration cabinet officials, 9 other top White House officials, 10 senators, 13 house members, and three former governors according to the summit website.

The event is invite-only, but will be livestreamed and members of the press will be in attendance; the specific location of the event has not yet been released, according to the press release.

Trump did not immediately respond to the Daily Caller News Foundation’s request for comment.

July 15, 2022 0 comments

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FALLON: Out Of Touch Democrats Are Scrambling To Codify Roe Into Law. They Must Be Stopped

by The Daily Caller July 15, 2022

By: The Daily Caller

FALLON: Out Of Touch Democrats Are Scrambling To Codify Roe Into Law. They Must Be Stopped

Rep. Pat Fallon on July 14, 2022

Unborn children are no less alive than you and me, for precious life begins at conception. The recent decision by the Supreme Court to overturn Roe v. Wade was a tremendous step in the fight for life.

As a result of this monumental ruling, Democrats have taken their frustration to new lengths by arguing the only way to codify Roe v. Wade is by an Act of Congress.

Vice President Kamala Harris has now called for Congress to “put into law the rights that again we took for granted,” refusing to acknowledge the rights of the baby in a mother’s womb.

In a knee-jerk response to the overturning of Roe and Casey, Democrats have introduced two ill-informed bills that they plan to vote on today:

The Ensuring Access to Abortion Act of 2022, which has not been heard in committee and was introduced last week, dramatically expands access to abortion-on-demand pills and forces state governments to abdicate their authority to legislate life saving restrictions on abortion providers.

One provision of this bill allows for an out-of-state resident who wants to get an abortion and happens to be in state where it is illegal to receive such. This is a complete federal overreach that undermines States rights.

The other bill, the Women’s Health Protection Act, was similarly rushed to the floor. This legislation, again, limits the rights of sates to legislate on necessary protections for mothers and unborn children. Moreover, it forbids any restrictions by state or federal lawmakers to limit the availability of and access to abortion-on-demand pills.

It does all of this while also forbidding any limits on a woman’s ability to get an immediate abortion. Both bills are premature and reactionary with short-term policies that give no regard to the dual-sovereignty system in the United States.

The bills are tone deaf to the real perspectives of Americans which sadly seems to be a theme of today’s Democratic Party.

According to a new Marist/Knights of Columbus poll, 61% of Americans say abortion should either be illegal or left up to the States. This is the foundation of the American way — federalism.

The overruling of Roe v. Wade is historic in three significant ways.

First, the Supreme Court clearly states that abortion is not a right protected by the Constitution. Roe was based on crumbling foundations from its inception and the majority of justices have agreed.

Second, the decision is an unprecedented example of judicial restraint. The Court has decided that abortion is emphatically NOT a matter that should be decided by an unelected branch of our government. Finally, by showing such judicial restraint, the Court has returned power to the States.

Both Justice White and Rehnquist in their dissents to the Court’s opinion on Roe made clear that this ruling is irreverent of history and completely overrides the political process of the states. Their wisdom is clearly coming to bear.

The recent opinion, written by Justice Alito, reiterates the insights of past justices.

He writes that Roe “imposed the same highly restrictive regime on the entire Nation, and it effectively struck down the abortion laws of every single state.” The time is long overdue to return the decision-making power back to the States and the People.

The Democrats have continually laid siege on a co-equal branch of government — the Supreme Court. They have threatened to pack the court, force retirements and this week House Democrats are attempting to codify the unconstitutional “rights” posited in the overturned Roe decision.

Their proposed legislation would expand access to abortion-on-demand pills, limit a woman’s ability to seek out alternatives to abortion, and robs the States of their ability to effectively legislate protecting the unborn.

Pat Fallon is the representative for Texas’ 4th Congressional District.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

July 15, 2022 0 comments

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Major US Bank Sees Profits Nosedive As Recession Fears Grow

by The Daily Caller July 15, 2022

By: The Daily Caller

Major US Bank Sees Profits Nosedive As Recession Fears Grow

Jack McEvoy on July 14, 2022

JPMorgan Chase, the largest U.S. bank, announced a 28% decline in its second-quarter profits Thursday as economists’ fears of recession mount.

The bank’s profits fell to $2.76 per share, falling $0.13 short of analysts’ forecasts, the bank reported in its quarterly earnings statement. JPMorgan came up with $428 million to build up funds to cover bad loans and suspended stock buybacks, indicating that it is concerned about the economy’s future, reported The Wall Street Journal.

The release of cash set aside for bad loans in the second quarter of 2021 is mostly responsible for the consumer bank’s revenue decline of 1% and profit decline of 45%, reported The Wall Street Journal. The corporate and investment bank’s revenue decreased by 10% while its profit plummeted by 26%, according to the company’s earnings report.

Due to the erratic nature of the markets and changes in interest rates, Wall Street trading fees increased by 15%, and a slowdown in corporate dealmaking and stock sales from last year’s pace caused investment banking fees to fall by 54%, according to the WSJ.

However, loans increased by 6% and became more profitable overall.

The Federal Reserve boosted interest rates by 0.5%, and then again in June by 0.75%, in May. This month, there may be another increase, according to CNBC, which would enable banks to raise loan interest rates while being sluggish to raise deposit interest rates.

JPMorgan’s activity is often watched for hints on how the banking industry fares during each economic quarter, reported CNBC, especially amid growing fears that the U.S. is approaching a recession. JPMorgan’s share of the bank fell nearly 5% in trading on Thursday, according to CNBC.

JPMorgan did not immediately respond to the Daily Caller News Foundation’s request for comment.

July 15, 2022 0 comments

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Elizabeth Warren Wants 16-Year-Olds To Pre-Register To Vote

by The Daily Caller July 15, 2022

By: The Daily Caller

Elizabeth Warren Wants 16-Year-Olds To Pre-Register To Vote

Blake Mauro on July 14, 2022

Democratic Massachusetts Sen. Elizabeth Warren and Democratic Georgia Rep. Nikema Williams introduced the Youth Voting Rights Act On Monday, which would require states to establish voting pre-registration processes for 16 and 17-year-olds.

Under the mandate, every state will be forced to implement a process under which “individuals may apply to register to vote in elections for Federal office in the State at any time on or after the date on which the individual turns 16 years of age” to ensure they can vote as soon as they turn 18.

The Democratic Party has been increasingly losing voters as President Joe Biden’s approval rating is still below 40%. New voter registration data found that more than one million voters in more than 40 states have switched to the Republican Party this past year, according to PBS.

However, Democrats tend to have an advantage among younger voters. 55% of likely voters prefer Democratic leadership, while only 34% prefer Republican leadership, according to a 2022 Harvard Youth Poll.

Additionally, the younger Americans are, the more likely they are to hold liberal beliefs; the average American was more likely to identify as politically liberal at age 25 but more likely to be conservative 20 years later, a Chicago Booth Review study found.

NEW: I’m introducing the Youth Voting Rights Act with @SenWarren. Our votes are our voices, and young citizens face disproportionate barriers to voting. We can end age-based barriers to voting and protect the #YouthVote.https://t.co/82ZDqvxccD

— Congresswoman Nikema Williams (@RepNikema) July 11, 2022

The act also permits states to make pre-registration able for minors who are younger than 16 years of age, and there is no minimum age requirement for pre-registration suggested within the bill.

Warren’s and Williams’ bill also requires that voting locations accept college student IDs as valid identification in federal elections.

If passed, the bill would also prohibit durational residency requirements for all federal elections, allowing individuals to effectively choose if they want to vote in their state of residency or the state where they attend college.

“Lower youth voting rates are not a sign of generational apathy but of systemic barriers and issues with the culture of political engagement that have plagued young people of various generations for decades,” the bill claims. “Voter turnout is bolstered by on-campus voting locations because those locations lower the opportunity costs for voting for all registered voters, particularly for young registered voters.”

The bicameral bill is sponsored by six Senate Democrats and 15 House Democrats.

“Young people are the future of America, and with voting rights under attack across the country, we must do everything we can to ensure they can exercise their right to vote,” Sen. Warren said in a statement.

This comprehensive legislation will guarantee that states accept broader forms of ID that meet voter-identification requirements,” added New Jersey Democratic Sen. Cory Booker.

Warren and Williams did not immediately respond to requests for comment.

July 15, 2022 0 comments

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Brooklyn Anti-Capitalist Ice Cream Truck Sells $10 ‘Eat The Rich’ Popsicles

by The Daily Caller July 15, 2022

By: The Daily Caller

Brooklyn Anti-Capitalist Ice Cream Truck Sells $10 ‘Eat The Rich’ Popsicles

Laurel Duggan on July 14, 2022

An ice cream truck run by a Brooklyn art collective, MSCHF, sold $10 popsicles made in the image of prominent billionaires and urged customers to “eat the rich,” according to the MSCHF website.

The pop-up ice cream vendor, Mschfsicle Eat The Rich Popsicles, sold frozen desserts modeled after Elon Musk, Jeff Bezos, Mark Zuckerberg, Bill Gates and Jack Ma from July 11 – 13, according to the MSCHF website.

The popsicles had names like “Bite Bezos,” “Suck Zuck” and “Gobble Gates.” The packaging on some of the desserts parodied the companies owned by the respective billionaires, according to the website; for Jeff Bezos, the wrapper had an altered Amazon logo that was frowning rather than smiling with the letter “X” over each eye, and Zuckerberg’s wrapper had two thumbs down in the style of Facebook’s “like” feature.

Previous MSCHF projects include scratch and sniff lottery tickets, hats with an “MSCHF Wholesale” label on them resembling the Costco logo and Sacred Seltzer, a Christian-themed alcoholic seltzer drink which claimed to be produced using real sacred water blessed according to Catholic procedure, according to the MSCHF website. Mschfsicle is the 81st product the cooperative has released, according to its website.

MSCHF did not respond to the Daily Caller News Foundation’s request for comment.

July 15, 2022 0 comments

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