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Big banks create $30B rescue package for First Republic

Published Sat, 22 Feb 2025 04:58:36 GMT

NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. San Francisco-based First Republic serves a similar clientele as Silicon Valley Bank, which failed last week after depositors withdrew about $40 billion in a matter of hours. New York’s Signature Bank was shuttered on Sunday. It appears that First Republic, which had deposits totaling $176.4 billion as of Dec. 31, was facing similar issues. The group of banks behind the rescue package confirmed that other unnamed banks had seen large withdrawals of uninsured deposits. The Federal Deposit Insurance Corporation insures deposits up $250,000 for individual accounts.Republic’s shares dropped more than 60% Monday, even after the bank said it had secured additional funding from JPMorgan and the Federal Reserve.The rescue package brought back m...

No. 1 seed Alabama rolls past Texas A&M-CC; Miller scoreless

Published Sat, 22 Feb 2025 04:58:36 GMT

BIRMINGHAM, Ala. (AP) — Alabama buried Texas A&M-Corpus Christi under an early 3-point onslaught, launching the NCAA Tournament’s top seed to a 96-75 first-round romp on Thursday even with star freshman Brandon Miller going scoreless.The Crimson Tide (30-5) set aside their off-court distractions and buried 10 first-half 3s in a predictably easy win over the 16th-seeded Islanders (24-11) at Legacy Arena, less than an hour from campus.Miller, the 6-foot-9 All-American who has been beset by questions about his presence at the scene of a fatal shooting, sat out the final 14 minutes and missed all five field goal attempts while dealing with a groin injury. His previous low was eight points against Houston on Dec. 10.“We’re making shots at a pretty high level,” Alabama coach Nate Oats said. “It’s nice to put up 96 without Brandon scoring any of them. He’s been nursing a groin injury. We want to play him limited minutes and were able to keep him under 20.”Of course, n...

Police: Metro Transit officer shoots man suspected in stabbing at Anacostia Metro station

Published Sat, 22 Feb 2025 04:58:36 GMT

Two men are in the hospital after a separate stabbing and shooting involving a Metro Transit Police officer near the Anacostia Metro station Thursday afternoon.Police said it happened around 4:30 p.m. on Southeast D.C.’s Howard Road, near Shannon Place.D.C. Police Chief Robert Contee confirmed during a news conference that a Metro Transit Police Department officer shot a man who was stabbing another man at the intersection.According to Contee, the incident began on a Circulator bus.“The fight actually occurred on the bus. They got off the bus, they went into the street right behind us, Howard Road. That’s where the stabbing and shooting occurred,” Contee explained.Both the man who was shot and the man who was stabbed have non-life-threatening injuries. They have both been taken to a hospital where they are receiving treatment.“We’re thankful that the officer was here, in close proximity, and able to prevent the person who was being stabbed from fu...

March Madness: Furman, Princeton knock out Virginia, Arizona

Published Sat, 22 Feb 2025 04:58:36 GMT

March Madness has begun! Here is what to know, including the favorites and underdogs as well as key games and how to watch the NCAA Tournament. Oh, and how to fill out your brackets!HOW TO WATCHEvery game of the men’s tournament will be aired — here is a schedule — either on CBS, TBS, TNT or TruTV and their digital platforms. CBS, which also has a handy schedule that includes announcing teams, will handle the Final Four semifinals and national title game this year. The NCAA will again stream games via its March Madness Live option and CBS games will be streamed on Paramount+. Fans of longtime play-by-play announcer Jim Nantz should soak up every moment: It’s his final NCAA Tournament.TOP SEEDSThe top four seeds in the tournament are Alabama, Houston, Kansas, and Purdue. Each is in a region, some tougher than others (on paper), and each has had its share of headaches to set up what could be a chaotic tournament. We break them down for you:EAST REGION: The Boilermakers got a No. 1 see...

Howard paid visit by VP Harris in 1st NCAA tourney since ’92

Published Sat, 22 Feb 2025 04:58:36 GMT

DES MOINES, Iowa (AP) — The first appearance for Howard University in the NCAA Tournament since 1992 included a visit by one of the school’s most prominent alums.Vice President Kamala Harris watched Howard’s 96-68 first-round loss to Kansas from a suite at Wells Fargo Arena on Thursday afternoon and met with the team afterward.As supporters in the hallway chanted “H-U, you know!” players trickled into the locker room. Harris and her husband, Doug Emhoff, walked in a few minutes later.“You played hard. You played to the very last second. You made all us Bisons proud,” Harris said, according to the press pool account of her address of the players. “You are smart. You are disciplined. You put everything you had into the game. You guys did not stop, and that is so inspiring. So you keep playing with chin up and shoulders back because you showed the world who Bison are.”Harris, who graduated in 1986 from the historically Black university in the nation’s capital, s...

School resource officers to be added to elementary level 27J Schools

Published Sat, 22 Feb 2025 04:58:36 GMT

BRIGHTON, Colo. (KDVR) – A Brighton school district is planning to hire additional school resource officers who will be stationed in elementary schools.The plan to increase the number of officers at the schools, which have some of the district’s youngest students, has been in the making for some time.After a shooting outside a high school in Brighton on Wednesday, SROs were among the first on the scene.Voters in this district recently approved spending millions of dollars on school resource officers. The superintendent said Wednesday’s shooting is one example of why they are needed.Turns out, all of 27J’s high schools already have SROs on campus. They include officers from the Brighton Police Department.“We value them and we are grateful for them. Their purpose there is to keep our kids safe,” 27J Schools District Superintendent Chris Fiedler said. 1 shot in Brighton, juvenile suspects detained at Prairie View High School Five middle schools and two charter schools in 27...

Sobriety advocates propose bill for substance-free seating at events

Published Sat, 22 Feb 2025 04:58:36 GMT

DENVER (KDVR) — When most people think about seats for a sporting event or concert, they are typically looking for the best bang for their buck. For one group, finding seats that accommodate them while they are having fun can be a struggle.A group of advocates wants to make sure large venues in Colorado have seats that are free of drugs and alcohol while they navigate sobriety. Abortion bills advance in committee Duke Rumley is the executive director of Sober A.F. Entertainment."A.F. can stand for a lot of things. Sober A.F. can stand for sober and fun, it can stand for sober alcohol-free or we try to make it edgy," Rumley said.Rumley has been in sobriety for 33 years. He said a sober support group of Dead Heads helped him realize he could still enjoy shows sober."That helped me figure out that being sober could be tolerable. If I could, you know, still be able to go out see Grateful Dead shows and be around a community of people having fun at dead concerts, then I was like, wow, ...

Police respond to fights at Miami Northwestern Senior High, unrelated off-campus incident

Published Sat, 22 Feb 2025 04:58:36 GMT

Police swarmed Miami Northwestern Senior High School following several fights at the school and an unrelated off-campus incident.7News cameras captured several police cruisers parked near the campus entrance, Thursday afternoon.According to City of Miami Police, they were called to assist after fights broke out.Officers with Miami-Dade Schools Police told a 7News crew that they needed to stay back because they were still searching for someone.Parents of students were seen outside the school. They shared cellphone video showing a large group of students running and screaming on school grounds. They also shared a picture of a teacher or administrator trying to get the chaotic situation under control.Parents said they are fed up with hearing about fights at Miami Northwestern.After videos of the fights began surfacing on social media, community activists responded to the school. They asked Miami-Dade Public Schools Superintendent Dr. Jose Dotres and the Miami-Dade School Board to take ...

Motorcyclist recovering after Davie hit-and-run, police search for truck driver

Published Sat, 22 Feb 2025 04:58:36 GMT

A motorcyclist who was thrown from his bike in a head-on collision with a pickup truck in Davie is opening up about the wreck that could have killed him, while police continue their search for the driver who, they said, fled the scene.Disturbing surveillance video captured the moment 36-year-old Dane Locay was run over by a dark colored Ford F-150 behind a Dunkin’ location off State Road 84, March 4. “The bike flew, and I hit the ground, and then I thought it would have been over, but it didn’t end,” he said.Speaking with 7News on Thursday, Locay said the driver of the truck left tire tracks on his body.“Both passenger’s side tires, first one over my chest, then [the truck] dragged me, and then it rolled me, and then the second tire ran me over on my back,” he said.The pain, Locay said, is still unbearable.“My mother lifted my shirt and said, ‘Oh, my God,'” he said. “I couldn’t look.”The driver of the truc...

Patriots sign OT Calvin Anderson, release veteran QB Hoyer

Published Sat, 22 Feb 2025 04:58:36 GMT

FOXBOROUGH, Mass. (AP) — The Patriots added some depth on the offensive line with the signing of tackle Calvin Anderson on Thursday.The team also released veteran quarterback Brian Hoyer, ending his third stint in New England.It’s a bit of a homecoming for Anderson. The 26-year-old spent the past four seasons in Denver, but originally signed as a rookie free agent with the Patriots in 2019 before being released. He was briefly with the Jets before being signed by Denver, where he appeared in 41 games with 12 starts.Anderson has experience on both the left and right side of the line and could be a candidate to earn a starting spot with Isaiah Wynn’s status up in the air as an unsigned free agent.The 37-year-old Hoyer also signed as an undrafted free agent with the Patriots in 2009 and spent his first three seasons in New England. He returned near the end of the 2017 season and was on the roster throughout the 2018 season. He returned for his most recent stint in 2020.His ...