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Every month, Jimmy Ly usually orders nearly 150 bottles of sriracha from Huy Fong Foods for one of his Vietnamese restaurants in New York City. The sauce opens the richness of a pho broth or adds a blast of heat to a banh xeo, a Vietnamese crepe. Sriracha can “really hit the sweet spot in terms of spice, sweetness, acidity, just that tang.”But a few months ago, supply began to dry up. So he, like some other Huy Fong enthusiasts, bought two large bottles on eBay for $35 each, about five times the usual price, to use at home. For the second year in a row, Huy Fong, the maker of the most popular variety of sriracha, is facing production issues, the company said in a statement this month, because of “a shortage of raw material” with “no estimations of when supply will increase.”
Persons: Jimmy Ly, It’s, Mr, Ly, Sriracha, Madame Vo, Monsieur Vo, Huy Fong Organizations: Huy Fong Foods, of, eBay Locations: Huy, New York City, East, of Manhattan
What cooling inflation means for your Series I bonds
  + stars: | 2023-07-13 | by ( Kate Dore | Cfp | Andrew Graham | ) www.cnbc.com   time to read: +2 min
Jetcityimage | Istock | Getty ImagesAs inflation falls, investors are weighing whether to buy or sell Series I bonds amid other competitive options for cash. "Cooling inflation means that interest rates are likely near the end of their increases," said certified financial planner Ted Haley, president of Advanced Wealth Management in Portland, Oregon. But in the meantime, many investors are waiting for the Federal Reserve's next interest rate decision later this month, which may affect cash yields. While the yearly rate fell to 4.3% in May 2023, the fixed rate portion climbed to 0.9%, making the asset more attractive for long-term investors. Of course, the next fixed rate for I bonds could be higher or lower.
Persons: Ted Haley, Haley, David Enna, Enna, Ken Tumin, DepositAccounts.com Organizations: Istock, Getty, U.S . Bureau of Labor Statistics, Advanced Wealth Management, Federal Locations: Portland , Oregon
Four people were killed and seven others were wounded in a shooting at an Independence Day celebration in Shreveport, La., on Tuesday night, the authorities said. Officers responded to a call of shots fired shortly before midnight at a gathering in the northwest section of the city, Sgt. At least one gunman opened fire at a gathering of about 100 people, she said. A motive for the shooting was not immediately clear and no arrests have been made. Sergeant Willhite said the police found “some rifle shell casings on the scene,” but it was unclear whether the casings were from the same gun.
Persons: Angie Willhite, Sergeant Willhite Locations: Shreveport, La
9 p.m. Dance in a dive barMusic has long been an integral part of the Vineyard (the island was a folk-music destination in the 1960s, drawing the likes of James Taylor and Carly Simon ); these days, there is live music every night of the week during the summer. The Ritz , a year-round dive bar with live music (entry $5), will have you dancing to local bands like Johnny Hoy and the Bluefish and Dukes of Circuit Avenue. Up the block, you can watch the summer crowds from the porch bar at Red Cat Kitchen , where punches (from $17) and nonalcoholic cocktails (about $11) go down easy. For a respite from the noise, you can get ice cream at Ben & Bill’s Chocolate Emporium : Adventurous eaters may reach for the lobster flavor (if you really think you’ll like the taste of frozen crustacean, go crazy), but classics like peach and black forest are the real winners.
Persons: James Taylor, Carly Simon, Johnny Hoy Locations: Dukes
The LatestDebris and presumed human remains from the Titan submersible have been recovered and returned to land, the U.S. Coast Guard announced Wednesday night, nearly a week after an international search-and-rescue operation ended and the vessel’s five passengers were presumed dead. At a Canadian Coast Guard pier in St. John’s, Newfoundland, on Wednesday, crews unloaded what appeared to be the Titan’s 22-foot hull, crinkled and twisted with exposed wires and cables. United States medical professionals “will conduct a formal analysis of presumed human remains that have been carefully recovered within the wreckage at the site of the incident,” the Coast Guard said in a statement. The U.S. Coast Guard is leading the investigation into why the submersible imploded and has convened a marine board of investigation, the highest level of investigation in the Coast Guard. The discovery suggested a “catastrophic implosion” with no survivors, according to the U.S. Coast Guard.
Persons: , Carl Hartsfield, Hartsfield, , Eduardo Medina Organizations: Titan, U.S . Coast Guard, Canadian Coast Guard, Canadian Press, Marine Board, Investigation, United, Coast Guard, Research Services, Oceanographic, World Records Locations: St, John’s, Newfoundland, U.S, United States, Canada, United Kingdom, France, British
For more than 60 years, David Austin Roses has bred the world’s most prestigious blooms. They are the Air Jordans, the Birkin bags, the Steinway pianos of roses, and have become what we know, smell and delight in as the modern English rose. And every year for more than 60 years, David Austin Roses has named one or two new varieties after historical British figures, including Queen Elizabeth II, Emily Brontë, Roald Dahl and Charles Darwin. At the Chelsea Flower Show in London last month, David Austin Roses introduced the Dannahue, an apricot-colored English shrub rose named after Danny Clarke, a gardener known to his social media followers and to television viewers in Britain as the Black Gardener. The shrub is available only in Britain for now but will be sold to American gardeners next year.
Persons: David Austin, Birkin, Queen Elizabeth II, Emily Brontë, Roald Dahl, Charles Darwin, David Austin Roses, Danny Clarke, Clarke, Organizations: Chelsea Locations: London, Britain
A union representing hundreds of Starbucks stores said this week that workers in 21 states were told by their managers not to decorate for Pride Month, the annual L.G.B.T.Q. celebration, a claim that the company said represented “outlier” decisions by local leaders that did not reflect corporate policy. In Manhattan, no Pride decorations could be seen at several Starbucks stores in Chelsea and Greenwich Village, including the one just a block from the Stonewall Inn, a landmark of gay culture and history. One partner, as Starbucks refers to employees, was told by a manager that hanging a rainbow flag might make customers uncomfortable. Others said they were told that if they hung a Pride flag the store could be asked to show equal representation for others, including the Proud Boys, the far-right hate group.
Organizations: Pride Month, Greenwich, Stonewall, Pride Locations: New York City, Manhattan, Chelsea, Wisconsin , Ohio, Virginia
The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. The average credit card rate was 20.44 percent as of June 3, according to Bankrate.com, up from around 16 percent in March last year, when the Fed began its series of rate increases. The average rate on new car loans was 7.1 percent in May, according to Edmunds.com, up from 5.1 percent last year. Used-car rates were even higher: The average loan carried a 11 percent rate in May, up from 8.2 percent a year earlier. The average rate for an identical loan was 5.23 percent the same week in 2022.
Persons: , Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, Edmunds.com, that’s, , Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: San Francisco .
Credit card rates are closely linked to the Federal Reserve’s actions, which means consumers have seen those rates rise over the past year. After raising interest rates 10 times over the past 15 months, the Federal Reserve is expected to take a break on Wednesday and hold rates steady. The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. Used-car rates were even higher: The average loan carried a 11 percent rate in May, up from 8.2 percent a year earlier. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.
Persons: , Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, Edmunds.com, that’s, , Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: San Francisco .
Kilauea Erupts in Hawaii With ‘Incandescent’ Glow
  + stars: | 2023-06-07 | by ( Remy Tumin | ) www.nytimes.com   time to read: 1 min
Kilauea, the youngest and most active volcano on the Big Island of Hawaii, erupted early Wednesday morning, officials said, sending fountains of lava spewing skyward before pooling and spreading across its summit. The U.S. Geological Survey’s Hawaiian Volcano Observatory detected a glow in the web camera of the Kilauea summit and said the volcano began erupting around 4:44 a.m. local time. Less than an hour later, the lava created a brilliant black-and-orange web across the crater’s floor. As dawn broke, a livestream showed lava still bubbling but its surface beginning to harden. “The spreading across the floor of the crater was just totally incandescent,” Ken Hon, the scientist in charge of the observatory, said in an interview.
Persons: Ken Hon, Organizations: Geological Locations: Hawaii, U.S
The moment was a culmination for Dev, who began competing in spelling bees in third grade and has studied 10 hours each day for the past year, according to his mother. When his parents rushed the stage to hug him, he felt overwhelmed, Dev said in an interview after the competition. A fan of Roger Federer and the movie “La La Land,” Dev had competed in previous national spelling bees, tying for 76th place in 2021 and 51st place in 2019. In 2021, organizers introduced a vocabulary round, in which spellers have to identify the correct meaning of the word. Harini Logan, an eighth grader from San Antonio, won by correctly spelling 21 words.
Persons: Dev, , Roger Federer, ” Dev, Harini Logan Locations: La, Largo, St . Petersburg, San Antonio
After 14 rounds of words like “probouleutic” and “zwitterion” and “schistorrhachis,” Dev Shah, an eighth grader from Florida, reached the apotheosis of his craft, correctly spelling “psammophile” to win the Scripps National Spelling Bee on Thursday night. He denied the spelling community another thrilling spell-off, outlasted the dominant Texans and didn’t let the schwa make him schweat. If you weren’t able to watch the finals on Thursday night, here are a few takeaways. The schwa is a stone-cold killerThe schwa — the “uh”-like sound that can be represented by any vowel in the English alphabet, also known as the bane of competitive spellers’ existence — knocked out several finalists, as it routinely does.
Persons: , ” Dev Shah, , didn’t, Organizations: Scripps, Spelling, Texans Locations: Florida
For Felisha Robinson, it was the scene in the biopic “What’s Love Got to Do With It” in which Tina Turner runs across the highway, face bloodied from having been beaten by her then-husband and performing partner, Ike Turner, to escape her abusive marriage with nothing but 36 cents and a Mobil card in her pocket. As Robinson, 42, was getting out of her own abusive marriage in 2020, she found herself gravitating toward the 1993 film that made waves around the world for starkly depicting the violence Tina Turner had endured. She had watched it when she was younger, but felt she now understood all that it took for Turner get there. Looking back at the singer’s interviews, books and songs helped Robinson process her own experience. “The desperation that was in her, like, ‘I have got to get out of this situation.
Persons: Felisha Robinson, Tina Turner, Ike Turner, Robinson, , , Turner Organizations: Mobil
A meeting of the word panel was held on Sunday at National Harbor in Oxon Hill, Md., to finalize the 2023 Scripps National Spelling Bee words. Here is a guide to the rules for the Scripps National Spelling Bee — and their small changes for this year’s competition, including a shorter allotted time to answer. A speller advances through them by correctly spelling a word and answering a multiple-choice question about its meaning. After the pronouncer says the spelling word, the clock starts. If one speller is correct, that person will be given a spelling word drawn from the Championship Word List.
Persons: spellers, Corrie Loeffler, , , Jacques A . Bailly, Loeffler, Merriam, Johnny Diaz Organizations: Scripps, Spelling, Webster Locations: Oxon Hill, Md
How to Watch the 95th Scripps National Spelling Bee
  + stars: | 2023-06-01 | by ( Remy Tumin | ) www.nytimes.com   time to read: +1 min
For nearly 100 years, the Scripps National Spelling Bee has showcased the biggest words from the youngest lexicologists. The words have only gotten harder, the pressure greater and the national spotlight larger. The finals cap nearly a week of competition at the National Harbor, a resort and waterfront development in Maryland. Many Americans grew familiar with the bee from its national broadcast on ESPN, where it expanded in popularity, viewership and pop culture over the past few decades. But that changed last year when the bee moved to Ion, a Scripps subsidiary, in the hopes of finding viewers beyond paid TV subscribers.
Persons: Frank Neuhauser, Organizations: Scripps, Spelling, Smithsonian Museum, ESPN Locations: Louisville, Maryland
How to capture higher savings yields with a CD ladder
  + stars: | 2023-05-22 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
If you're boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you capture higher yields amid interest rate uncertainty. After a series of interest rate hikes from the Federal Reserve, options for cash, such as high-yield savings, Treasury bills and money market funds have become more competitive. However, experts say a CD ladder may be worth considering as the Fed weighs an interest rate pause or more rate hikes. Typically, a CD ladder involves splitting equal amounts of cash among multiple CDs with different maturity dates. "A CD ladder gives someone an opportunity to harvest a variety of yields over varying timelines," said Bankrate senior economic analyst Mark Hamrick.
When Jace Tunnell spotted what appeared to be a leg on the Gulf of Mexico shoreline in Texas, he thought that his greatest fear — a body washing up on the beach — was coming true. It’s happening,’” said Mr. Tunnell, who is director of the Mission-Aransas National Estuarine Research Reserve in Port Aransas, Texas. The leg, after all, was wearing pants. But when Mr. Tunnell went to lift it up, the leg turned out to be a prosthetic, one of the many items of flotsam and jetsam that come ashore along the Texas coastline each year. The prosthetic leg will be up for auction on Saturday, along with other curious pieces salvaged from among the more than 500 tons of marine debris that, according to the reserve, wash up on the beaches of Texas every year.
A person armed with a baseball bat attacked two congressional staff members at a district office in Northern Virginia on Monday after asking to speak with Rep. Gerry Connolly, the congressman said in a statement. Mr. Connolly, a Democrat, said the individual committed “an act of violence” at his Fairfax, Va., office against two members of his staff, who were taken to a hospital with non-life threatening injuries. The Fairfax City Police said on Twitter that an individual was in custody. My District Office staff make themselves available to constituents and members of the public every day,” Mr. Connolly said in a statement. “The thought that someone would take advantage of my staff’s accessibility to commit an act of violence is unconscionable and devastating.”Mr. Connolly represents a swath of the Northern Virginia suburbs west of Washington, D.C.
How MTV Broke News for a Generation
  + stars: | 2023-05-11 | by ( Remy Tumin | ) www.nytimes.com   time to read: +1 min
A little over a year into his first term, President Bill Clinton made good on a promise to return to MTV if young voters sent him to the White House. The town hall-style program in 1994 was meant to focus on violence in America, but it was a question of personal preference that made headlines and helped put MTV News on the media map. Now, a generation after MTV News bridged the gap between news and pop culture, Paramount, the network’s parent company, announced this week that it was shuttering the news service. They brought viewers on the presidential campaign trail and face to face with world leaders like Yasir Arafat, and took them into college dorms in New Orleans after Hurricane Katrina. They also embraced the messy chaos of 1990s and early 2000s celebrity, as when Courtney Love interrupted an interview with Madonna.
Meanwhile, annual inflation rose to 4.9% in April, the smallest jump in two years, the U.S. Bureau of Labor Statistics announced Wednesday. But after a series of interest rate hikes from the Federal Reserve, alternatives like Treasury bills, certificates of deposit or money market accounts have emerged as competitive options for cash. "You lose that last three months of interest," said Ken Tumin, founder and editor of DepositAccounts.com. watch nowIf you're selling I bonds within five years, it's easy to get confused by how much interest you're giving up. (You can find the rate by purchase date here and rate change by purchase month here.)
Ms. Richins published “Are You With Me?” on March 7, just over a year after her husband’s death. A lawyer for Ms. Richins did not immediately respond to a request for comment. She made her husband a Moscow mule, a cocktail, in the kitchen around 9 p.m. and brought it to their bedroom, where Mr. Richins drank it in bed. Ms. Richins later told investigators that she went to bed and woke up around 3 a.m., because one of the boys was having a nightmare. When she returned to the couple’s bedroom, Ms. Richins told investigators, she “felt Eric and he was cold to the touch.” She called 911, according to court documents.
Casey White Pleads Guilty in Alabama Jail Escape
  + stars: | 2023-05-07 | by ( Remy Tumin | ) www.nytimes.com   time to read: 1 min
An Alabama inmate whose escape from jail last spring set off a nationwide manhunt pleaded guilty on Thursday to the escape in exchange for the state dropping a felony murder charge in the death of the former corrections officer who helped him. The inmate, Casey White, 39, appeared for a routine status hearing on Thursday morning at the Lauderdale County courthouse in northern Alabama. In a surprise move to both the prosecution and his own defense team, Mr. White pleaded guilty to a first-degree escape charge. “You’re probably just as surprised by today’s turn of events as we are,” Robert Tuten, a lawyer for Mr. White, said after the hearing. Mr. White and the officer, Vicky White, who was no relation, were on the run for nearly two weeks after leaving the Lauderdale County Jail in Florence, Ala., for a courthouse appointment that was later revealed to be a ruse.
Gunfire erupted at a mall north of Dallas on Saturday, sending shoppers running from stores and the police to investigate reports that people had been wounded. Jessica Pond of the Collin County Sheriff’s Office said that “there’s some possibly wounded” in the shooting at the Allen Premium Outlets in Allen, Texas, but could not provide further details. The Allen Police Department said on Twitter that law enforcement was at the mall and that an “active investigation is underway.”A video circulating on social media showed people running through a parking lot in front of a shopping center with loud popping sounds in the background.
But after a parole board was split on whether to recommend clemency last month, Mr. Stitt signaled that he would not issue another stay. Mr. Glossip, 60, was convicted of arranging the 1997 murder of Barry Van Treese, who owned a motel in Oklahoma City where Mr. Glossip worked as a manager. Prosecutors argued that Mr. Glossip promised the motel handyman, Justin Sneed, $10,000 to kill him. According to interviews from inmates incarcerated with Mr. Sneed on unrelated charges, Mr. Sneed said he had acted alone to rob Mr. Van Treese of money that Mr. Sneed and his girlfriend planned to use to buy drugs. Mr. Sneed also has a history of mental illness, which was not disclosed at the time.
The address belongs to Northside Family Medicine and Urgent Care. The Atlanta Journal-Constitution reported that officers had responded to the facility. Northside Hospital said on Twitter that it was cooperating with the authorities “following the shooting at our midtown #Atlanta location.”The hospital added, “This tragedy is affecting all of us, and we ask for patience and prayers at this time.”The police issued a public safety alert for people in the area. Atlanta Public Schools said “several” schools were in lockdown as a precaution. The police shared initial images from security cameras inside the building that showed a man wearing a mask, a gray hooded sweatshirt, dark pants and a cross-body bag.
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