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Here's who is paying to restore Silicon Valley, Signature Bank deposits

Published Wed, 19 Feb 2025 01:10:20 GMT

(The Hill) - The federal government mobilized immediately in response to the collapse of Silicon Valley Bank (SVB) and Signature Bank, working over the weekend to insure depositors who had more than $200 billion of venture capital and high-tech start-up money stored in the two banks. But unlike the 2008 financial crisis, during which Congress passed new legislation in order to salvage the country’s largest banks, the current rescue plan is smaller in scale, pertains to only two banks, and isn't additional taxpayer money — for now.In order to make sure depositors can still withdraw funds from their accounts — the vast majority of which exceeded the $250,000 limit for standard insurance from the Federal Deposit Insurance Corporation (FDIC) — regulators say they’re pulling from a special fund maintained by the FDIC called the deposit insurance fund (DIF).“For the two banks that were put into receivership, the FDIC will use funds from the deposit insurance fund to ensure that all of its...

Bee Cave on Ice to return this winter after successful inaugural season

Published Wed, 19 Feb 2025 01:10:20 GMT

BEE CAVE, Texas (KXAN) -- The city of Bee Cave has placed a down payment on an ice rink in order to bring back its winter celebration, Bee Cave on Ice, for a second season. The city placed a $50,000 down payment on a new outdoor-ice rink for the celebration coming up next winter after the attraction garnered a lot of success in its inaugural season. Ice rink doubles city's population The outdoor rink more than doubled the population of the city, according to Bee Cave officials. The city's population is about 10,000, but the ice rink brought in 25,000 skaters, and the city predicts about 75,000 people came into the city throughout the event. The city was not able to determine the economic impact the ice rink had, but they know people decided to shop and eat in Bee Cave stores because of the winter spectacle. Cost of ice rink Last year, the outdoor rink cost $400,000, with the city putting up $300,000 and the Hill Country Galleria, where the rink was housed, putting up the remaining $...

Cooler today ahead of a major warm up and storm threat

Published Wed, 19 Feb 2025 01:10:20 GMT

AUSTIN (KXAN) -- Clouds increase Tuesday with just a spot shower and a few light sprinkles at times. Limited sunshine and a continued northeasterly breeze will keep temperatures cooler than normal with highs into the middle 60s. NEW BLOG: How a switch to El Niño could affect hurricane season First Warning: Severe weather threat, colder weatherOnce that storm passes, our attention turns toward a more significant storm system late this week that will bring a threat of severe thunderstorms and a stretch of much colder than normal weather.The main risk of severe thunderstorms appears to come late Thursday night through Friday morning, with hail and wind damage possible in the strongest storms. Severe thunderstorm risk late Thursday, early FridayDramatically colder weather will bring low temperatures in some areas in the 30s through the weekend into early next week with a chance of light precipitation, especially Sunday and Monday.Dramatically colder weather blows in starting FridaySpr...

GGFT: Regular bus service delayed until 8 a.m.

Published Wed, 19 Feb 2025 01:10:20 GMT

GLENS FALLS, N.Y. (NEWS10) -- According to Scott Sopczyk, the Transportation Director of the Greater Glens Falls Transit (GGFT), the regular start of regular bus service has been delayed from 6:30 a.m. to 8 a.m. on Tuesday due to the severe winter snowstorm. According to Communications Director Tim Drawbridge, the streets in the City of Glens Falls are in good shape, but the roads outside of city limits aren't. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! GGFT will continue to monitor the trends of the roads and snow and will reaccess the starting time at 8 a.m.

Ask Amy: In-home caregiver may care too much

Published Wed, 19 Feb 2025 01:10:20 GMT

Dear Amy: My husband and I have a special-needs teenage son. After more than a year on a wait list, we finally have an in-home therapist.“Darla” comes three mornings a week to wake him up and help him to get dressed and ready for school.This gives me rare and much-needed breaks.My husband, who works from home, lets Darla into our home. I usually stay in my room and either sleep in or just enjoy the quiet until it is time for me to take my son to school.Darla doesn’t see all that I do when she isn’t there.I’ve picked up hints that she thinks I’m lazy and that my poor husband is put upon. (He doesn’t feel that way).She also seems to have a crush on my husband and finds excuses to chat with him. It drives him crazy, because he’s trying to work.I sent Darla a text asking her not to disturb him unless absolutely necessary.She didn’t respond to the text, but she did stop interrupting him as much.Recently, after I let her in one morning, she told m...

Strategic Compass: Rapid deployment capacity to protect EU citizens, interests and values 

Published Wed, 19 Feb 2025 01:10:20 GMT

The Foreign Affairs Committee adopted last week a series of proposals on the new European Rapid Deployment Capability, to be deployed in the event of a crisis.In a draft resolution adopted by the Committee on Foreign Affairs by 43 votes in favour, 2 against and 0 abstentions, MEPs support the proposal of establishing the EU Rapid Deployment Capacity (EU RDC). This would equip the EU with the capacity and structures to act effectively, respond rapidly and decisively to prevent and manage crises to serve and protect the European Union’s citizens, interests, principles and values across the world.The RDC should be designed to reflect the new geopolitical context and reach full operational capability by 2025 at the latest, MEPs add.MEPs propose the EU Rapid Deployment Capacity missions to cover rescue and evacuation operations, entry and the initial phase of stabilisation operations as well as temporary reinforcement of other missions. The RDC could also be used as a reserve force to se...

Presale Codes for TLC and Shaggy Hot Summer Nights Tour

Published Wed, 19 Feb 2025 01:10:20 GMT

Don’t go chasing boring concerts, just stick to the female groups and crooners that you’re used to. Sorry, that was corny, but the idea of TLC and Shaggy in concert has us not thinking straight. That’s right, 90’s phenoms TLC and Shaggy are teaming up for a tour dubbed “Hot Summer Nights,” that will feature special guests En Vogue and Sean Kingston. The tour will launch on June 1 in Pelham, AL and wrap in Calgary, AB on July 14, and makes a stop here in Southern California on July 8 at the FivePoint Amphitheatre in Irvine — see below for all dates. Passwords and presale codes for the TLC and Shaggy Hot Summer Nights Tour tickets are as follows:Presale codes for TLC and Shaggy Hot Summer Nights TourPresale tickets for TLC and Shaggy Hot Summer Nights Tour go on sale today, March 14 and we’ve been told the following presale codes and passwords may work. Details are subject to change, and vary by event date:Citi card presale code or password: 412800 ...

Piedmont border home

Published Wed, 19 Feb 2025 01:10:20 GMT

This light-filled home on the Piedmont border comes with a separate one-bedroom in-law apartment. Enjoy three bedrooms and a spacious office/bonus room in the single-level house upstairs.Admire the canyon and hill views from this home’s decks. The open floor plan features abundant windows and sunshine, remodeled kitchen with quartz countertops, formal dining room, and living room with fireplace. French doors from the kitchen open to extensive south-facing decks that take advantage of the spectacular canyon and hill views. There is a large, flat yard and additional terraces for gardening. This expansive property features outdoor living at its best.There is a large basement with ample storage and workshop area. Laundry room with locked access for both house and in-laws. Tandem parking for up to three cars, including a covered carport. All systems are in excellent condition. The downstairs apartment is non-conforming, and the full square footage of the property is not on record wi...

Detached house in San Jose sells for $1.7 million

Published Wed, 19 Feb 2025 01:10:20 GMT

6666 Pomander Place – Google Street ViewA 2,240-square-foot house built in 1969 has changed hands. The spacious property located in the 6600 block of Pomander Place in San Jose was sold on Feb. 17, 2023. The $1,705,000 purchase price works out to $761 per square foot. The property features four bedrooms, three bathrooms, a garage, and two parking spaces. The unit sits on a 10,672-square-foot lot.These nearby houses have also recently been sold:In September 2022, a 2,240-square-foot home on Bitterroot Place in San Jose sold for $1,930,000, a price per square foot of $862. The home has 4 bedrooms and 3 bathrooms.On Bubblingwell Place, San Jose, in December 2022, a 1,882-square-foot home was sold for $1,530,000, a price per square foot of $813. The home has 4 bedrooms and 2 bathrooms.A 2,080-square-foot home on the 6800 block of Trinidad Drive in San Jose sold in September 2022 for $1,827,000, a price per square foot of $878. The home has 4 bedrooms and 3 bathrooms. 

Opinion: More toxic derailments will happen if we don’t rein in plastics

Published Wed, 19 Feb 2025 01:10:20 GMT

Images of dead fish floating in murky water and menacing plumes of gray smoke are haunting the nation’s front pages. Interviews with distressed residents are interspersed with exasperated talking heads on our television screens. More than month after the train derailment disaster in East Palestine, Ohio, America continues to bear witness to the community’s suffering.Though any fiery train wreck is hazardous, this one was particularly catastrophic given the chemicals onboard. Chief among them was cancer-causing vinyl chloride gas, which officials intentionally released into the surrounding air to avoid an explosion. Residents were evacuated during this operation, but long-term pollution and exposure concerns remain.For East Palestine, the story is just beginning, and the following chapters are likely to be grim. We know because the same chemical contaminated — and eventually destroyed — several towns in Louisiana decades ago.Morrisonville, La., was founded after the Civil War by free...