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Turkey’s central bank sharply raises interest rates. That could signal an economic turnaround

Published Mon, 23 Dec 2024 14:28:21 GMT

ANKARA, Turkey (AP) — Turkey’s central bank delivered a large interest rate hike Thursday, signaling a shift toward more conventional economic policies to counter sky-high inflation following criticism that President Recep Tayyip Erdogan’s approach has made a cost-of-living crisis worse.The bank raised its key rate by 6.5 percentage points, boosting it to 15%.The increase — a significant jump from the current 8.5% — is the first since March 2021 and comes after Erdogan appointed two internationally respected officials to head the bank and the finance ministry.The rate hike is an indication that the country is moving away from Erdogan’s unorthodox belief that lowering interest rates fights inflation.Traditional economic theory says just the opposite, and central banks around the world have rapidly raised rates to combat spikes in consumer prices — including several decisions across Europe on Thursday, ranging from the Bank of England to Switzerland.Erdogan — a self-declared “en...

Search for 19-year-old swimmer to resume Thursday at Foster Beach

Published Mon, 23 Dec 2024 14:28:21 GMT

CHICAGO — A 19-year-old woman is missing after going for a swim at Foster Avenue Beach.Police said the teen was swimming at the beach around 8:30 p.m. Wednesday. Witnesses told police she was last seen struggling to swim to the shore, before submerging under the water. The Chicago Fire Department’s dive team searched the area Wednesday night as detectives investigate. Son of victim speaks out after driver in hit-and-run crash near Guaranteed Rate Field charged A search for the teen is expected to resume Thursday morning. This is a developing story. Check back for details.

White, Asian population grew in US last year thanks to immigration

Published Mon, 23 Dec 2024 14:28:21 GMT

Without immigration, the white population in the U.S. would have declined last year.Immigration also propelled the expansion of the Asian population, which was the fastest-growing race or ethnic group last year in the U.S., while births outpacing deaths helped propel growth in Hispanic, Black, tribal and Hawaiian populations.Population estimates released Thursday by the U.S. Census Bureau show what drove changes in different race, ethnic and age groups last year, as well as since the start of COVID-19's spread in the U.S. in April 2020. The country had grown to 333.2 million people by the middle of last year, a 0.4% increase over the previous year, according to the 2022 population estimates.For white residents in the U.S., immigration drove the expansion. Without it, the white population, including those who identify as more than one race, would have dropped last year by more than 85,000 people instead of growing meagerly by more than 388,000 residents, or 0.1%. Migrant encounter...

CDC panel recommends RSV vaccines for seniors

Published Mon, 23 Dec 2024 14:28:21 GMT

(The Hill) -- The vaccination advisory panel for the Centers for Disease Control and Prevention (CDC) on Wednesday voted in favor of recommending vaccines for respiratory syncytial virus (RSV) to be administered to seniors.The CDC’s Advisory Committee on Immunization Practices (ACIP) voted in favor of recommending RSV vaccines for adults over the age of 65. The committee also voted in favor of permitting individual adults between the ages of 60 and 64 to receive an RSV vaccine with "clinical decision making," meaning they would discuss their need for such an immunization with their healthcare provider.RSV vaccines manufactured by Pfizer and GlaxoSmithKline (GSK) were both considered on Wednesday. These vaccines have already been approved by the Food and Drug Administration (FDA) for use in older adults to prevent RSV infections.Data presented during the meeting found the RSV vaccines provided strong protection of more than 80 percent. Both vaccines are administered in single doses a...

Mark Zuckerberg responds to Elon Musk cage match suggestion: 'Send Me Location'

Published Mon, 23 Dec 2024 14:28:21 GMT

(The Hill) - Meta CEO Mark Zuckerberg responded to Twitter CEO Elon Musk’s suggestion of a cage match on Wednesday with a simple request.“Send Me Location,” Zuckerberg said in an Instagram story, featuring a screenshot of Musk’s original challenge.The Twitter CEO said on Tuesday that he was “up for a cage match if [Zuckerberg] is,” after hitting back at a post about Meta’s forthcoming Twitter competitor.“I’m sure Earth can’t wait to be exclusively under Zuck’s thumb with no other options,” Musk tweeted.Another user warned Musk to “be careful,” noting that the Meta CEO “does jiu jitsu now” and spurring the Twitter CEO’s cage match remark. Zuckerberg reportedly won two medals at a jiu jitsu tournament last month, according to CNN.Meta’s upcoming app, which could potentially be named Threads, is the company’s “response to Twitter,” Meta chief product officer Chris Cox told employees earlier this month, The Verge reported.“We’ve been hearing from creators and public figures who are inte...

Season of flies: Why the heat helps them replicate

Published Mon, 23 Dec 2024 14:28:21 GMT

AUSTIN (KXAN) -- Along with the heat, flies are synonymous with summer in Texas. Meteorologist Nick Bannin spoke with Wizzie Brown, an entomologist with Texas Agrilife, about what's causing the high number of flies and some ways to keep them away.Meteorologist Nick Bannin: It seems like flies are everywhere now. Is there a fly season? And when are they most abundant?Wizzie Brown, Texas Agrilife Entomologist: I think in Texas we have them year round, but when we get hotter temperatures, then they really start to become active and we really start to notice them.Bannin: Is there a time of day that they're most likely?Brown: They're more active during the daytime, you don't see them so active at night. So when it really starts to warm up with temperatures that we've been having recently, that can actually speed up their lifecycle. So it takes a shorter period of time from them to go to the egg to adult stage. And so we can really start getting large numbers quickly.Bannin: What are they...

South San Gabriel trail extension now open to public

Published Mon, 23 Dec 2024 14:28:21 GMT

GEORGETOWN, Texas (KXAN) -- The City of Georgetown is holding a ribbon cutting Thursday morning to celebrate the opening of the new trail extension to the south San Gabriel trail system. The ribbon cutting is scheduled for 10 a.m. at a parklet in Wolf Crossing off of University avenue, between the Goodwill and the Fairfield hotel. The public is invited to attend the ceremony and access the trail. What's new and how much? The new extension is 0.7 miles long and provides access to another part of the San Gabriel River. A spokesperson said the extension is a vital connection to the regional trail built by the Wolf Ranch subdivision. With the extension, the entire San Gabriel trail is now 2.58 miles long. Construction of the trail started in February 2022 and was supposed to open this past January, but the opening was pushed back because of supply chain issues with the safety railings. The project cost $1.2 million and is funded by a parks bond from 2008.

Austin Energy: Outage map, reporting system delayed Wednesday, how to report outages

Published Mon, 23 Dec 2024 14:28:21 GMT

AUSTIN (KXAN) -- After power outages occurred Wednesday, Austin Energy said it was experiencing a technical issue with its outage map and reporting system, the agency said on Twitter.Austin Energy said crews were working to restore power as quickly and safely as possible, the tweet said. Furthermore, the agency said it was working with vendors to resolve the outage map and reporting system issues.At 10:30 p.m. Wednesday, the Austin Energy outage map said there were 139 active outages and 10,953 customers affected. However, 98% of customers have power.Anyone without power should call (512) 322-9100 to report outages, Austin Energy said.This is a developing story. Check back for updates.

Schenectady's The Horses Lounge closing after 47 years

Published Mon, 23 Dec 2024 14:28:21 GMT

SCHENECTADY, N.Y. (NEWS10) -- The Horses Lounge, a staple in Schenectady for almost 50 years, is closing its doors. Owner Christian Fritzen made the announcement in a Facebook post on June 21. Get the latest, news, weather, sports and community events delivered right to your inbox! "The last few years have been physically and mentally draining for me," read the post. "The time has come to focus on my health and mental well-being, along with my overall happiness."The Horses Lounge was opened in 1976 by Fritzen's father, Fred, and his wife Gladys. After Gladys passed away in 2002, Fred continued running the business until health issues arose. The Delaware to open in former Kitchen Table space in Albany Fritzen moved back to Schenectady in 2014 to take care of his father and run The Horses Lounge. His father passed away in February 2021. Fritzen said his decision to close The Horses Lounge took months of careful consideration and sleepless nights.The Horses Lounge will officially c...

5 things to know this Thursday, June 22

Published Mon, 23 Dec 2024 14:28:21 GMT

ALBANY, N.Y. (NEWS10) -- Happy Thursday! According to Meteorologist Jill Szwed, we will be enjoying another nice warm-up into the 70s on the first full day of summer. Get the latest, news, weather, sports and community events delivered right to your inbox! The man who inspired the "Raise the Age" law was arrested for illegal gun possession on Wednesday. He was released from prison in May on a separate conviction. Meanwhile, a fire in Albany sent two firefighters to the hospital with minor injuries. These stories, and more, are covered in your five things to know this Thursday morning. 1. Albany Police: Parolee arrested for illegal gun possessionDixon inspired changes to the state’s youthful offender law to raise the age teens can be charged as an adult to 21. He was arrested in August 2021 on drug charges and was later arrested again in January 2022 on unrelated gun charges. On Wednesday, he was arrested near Orange and Dove Streets for illegal gun possession.2. Albany f...