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☆ All’s fair in love and stablecoins
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 22 (Reuters Breakingviews) - If a stablecoin isn’t first, it’s last, as Circle has learned this month. The company that issues USDC lost its peg to the dollar earlier this month because of worries about the $3.3 billion it held at Silicon Valley Bank. Though Circle recovered the funds from the bank, customers pulled $6 billion from it, according to Bloomberg. Circle Chief Executive Jeremy Allaire, in contrast, does regular rounds in Washington and has argued for regulation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ The new normal on Twitter: watching it break
▼ + stars: | 2023-03-12 | by ( Jennifer Korn | ) edition.cnn.com time to read: +5 min

When he would check his notifications tab on Twitter, Sinker, who has tens of thousands of followers, often saw the platform recommend the same weeks-old tweet from another user. Probably, but it becomes a less sure thing with each bit that falls off,” Sinker, a writer who has been on Twitter since 2007, told CNN. But in trying to cut his way to profitability, Musk risks making Twitter a less viable service. Weeks earlier, Twitter users encountered other various issues with the platform, including the inability to tweet, send direct messages or follow new accounts. After some publications pointed out the sudden surge in Musk posts in users’ feeds last month, the Twitter CEO responded: “Please stay tuned while we make adjustments.”

Click to unmute A global city needs a global soundtrack, and in New York, you can find nearly anything you want. Over the past several months, we followed several New York musical scenes that reflect the city’s creative soul, thriving in community centers, local bars and public parks. The sight of a new generation encouraged Mr. Joseph, who sees the band as preserving traditional culture in the modern city. It becomes part of you.” New York itself is as much a player as any musician, transforming traditional tunes into something new. The people who embraced Mateo and his mother when they moved from Boston to New York in 2016 now consoled her.

☆ Fed’s Williams Says Policy Will Have to be Kept Sufficiently Restrictive For ‘Few Years’
▼ + stars: | 2023-02-08 | by ( Harriet Torry | ) www.wsj.com time to read: 1 min

A senior Federal Reserve official said the central bank will need to keep monetary policy sufficiently restrictive for ‘a few years’ to bring down inflation and realign supply and demand in the U.S. economy. “To me, the important thing is we need a sufficiently restrictive stance, we need to retain a sufficiently restrictive stance of policy, we’re going to need to maintain that for a few years to make sure we get inflation to 2%, then eventually we’ll get interest rates presumably back to more normal levels,” New York Fed President John Williams said at The Wall Street Journal’s CFO Network Summit in New York. Fed officials last week approved lifting the benchmark federal-funds rate by a quarter-percentage point to a range between 4.5% and 4.75%. That was a slower pace than at prior meetings, they raised it by a half point in December and 0.75 point in November.

☆ Live updates: Suspect in shooting at dance hall near Los Angeles is dead, sheriff says
▼ + stars: | 2023-01-23 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +33 min

Share this -Link copiedAlhambra officials release statement on Monterey Park shooting Alhambra officials released a statement on the Monterey Park shooting early Sunday evening. Officials also acknowledged the shooting that occurred in the city after the Monterey Park shooting. Share this -Link copiedPolice release pictures to identify Monterey Park shooting suspect The Los Angeles County Sheriff's Department has released pictures seeking to identify the Monterey Park shooting suspect. Law enforcement has connected him to the Monterey Park shooting and a shooting minutes later in Alhambra. Patrons of the Alhambra dance hall wrestled a firearm away from a man about 20 minutes after the Monterey Park shooting.

☆ Live updates: Possible suspect in mass shooting at dance hall near Los Angeles is found dead, sources say
▼ + stars: | 2023-01-22 | by ( Erick Mendoza | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +31 min

It’s whatever you can grab,” said Scott McCandless, 54, who lives in Orchard Park, a suburb southeast of Buffalo. When his driveway was finally plowed at 9 a.m., McCandless set out looking for open supermarkets. We’re buried in the snow.”The “once-in-a-lifetime” blizzard — which killed at least 57 people nationwide, including 27 in western New York’s Erie County — has left many in dire predicaments. On Monday, snow continued to blanket Erie County, leaving roads in many areas impassable, including the majority of Buffalo, County Executive Mark Poloncarz said at a news conference. But at least 20 stores in the rest of Erie County were still closed Monday afternoon.

☆ 46 killed as freezing temperatures and heavy snow wallop swaths of U.S.
▼ + stars: | 2022-12-26 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +2 min

The full brunt of the storm was being felt in western parts of New York, which had become a “warzone,” New York Gov. A “band of heavy snow” in the Buffalo area was producing two to three inches of hourly snowfall, the National Weather Service said in a 3 a.m. bulletin, warning of rapidly deteriorating conditions. The deaths were recorded in 12 states: Colorado, Illinois, Kansas, Kentucky, Michigan, Missouri, Nebraska, New York, Ohio, Oklahoma, Tennessee and Wisconsin. The National Weather service said “hazardous travel conditions” were expected to continue over the next few days and that they would slowly ease over the new year. “The life-threatening cold temperatures and in combination with dangerous wind chills will create a potentially life-threatening hazard for travelers that become stranded, individuals that work outside, livestock and domestic pets,” the National Weather Service said in an earlier bulletin.

Two seemingly random attacks in New York City and Philadelphia last week could be connected to a single person, authorities said Friday. Two separate shooting incidents in New York, left, and Philadelphia appear to be linked by a similar looking suspect. Philadelphia Police via YouTubeThe shooter in the Philadelphia attack the afternoon of Nov. 25 used a silver revolver, police said. Investigators believe the shooter arrived by car and then walked up to the victim to carry out the attack with a single shot before fleeing, according to NBC Philadelphia. In the Philadelphia attack, rewards for information leading to an arrest and conviction amounted to $20,000.

The move was criticized by some mental health professionals who said the city should focus on long-term solutions and avoid treating people who refuse. New York Civil Liberties Union Executive Director Donna Lieberman also condemned the plan. New York City continues to contend with crime on public transit. Instead, he said, the city needs sustained engagement, housing, health care support and financial assistance for those in need. “In an ideal situation, you want mental health crisis teams to be the front line.

CNN —The 2022 World Series is a classic case of overwhelming favorite against plucky underdog. The Astros’ only previous World Series win came when they defeated the Los Angeles Dodgers in 2017. “It is the World Series, it’s a big stage, but they have been loose the entire time through this whole process. The Philadelphia Phillies last won the World Series in 2008. Further back in 1929, the Philadelphia Athletics’ World Series win was followed by the Wall Street Crash.

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