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Will Americans end up footing the bill for bank failures?

Published Fri, 27 Dec 2024 05:52:24 GMT

WASHINGTON (AP) — The government’s response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?It could be months before the answers are fully known. The Biden administration said it will guarantee uninsured deposits at both banks. The Federal Reserve announced a new lending program for all banks that need to borrow money to pay for withdrawals.On Thursday, the Fed provided the first glimpse of the scale of the response: It said banks had borrowed about $300 billion in emergency funding in the past week, with nearly half that amount going to holding companies for the two failed banks to pay depositors. The Fed did not say how many other banks borrowed money and added that it expects the loans to be repaid.The goal is to prevent a broadening panic in which customers rush to pull out so much money that even healthy banks buckle. That scenario w...

WGN Morning News is at Bourbon Street for St. Patrick's Day Extravaganza!

Published Fri, 27 Dec 2024 05:52:24 GMT

CHICAGO — The WGN Morning News team is taking their show on the road Friday for a St. Patrick's Day Extravaganza!Join us for a LIVE broadcast from 6 a.m. to 10 a.m. at 115 Bourbon Street, located at 3359 West 115th Street, in Merrionette Park.Lots of fun is planned from Chicago cops in kilts, the Trinity Irish Dancers, Comedian Pat McGann, The Shannon Rovers, Boy Band Night, the Jesse White Tumblers —  and more! Paul’s list of 6 fun events for the St. Patrick’s Day party Call Bourbon Street at 708-388-8881 to reserve a table.Hope to see you all there!

Bears add 3 more players in free agency Thursday

Published Fri, 27 Dec 2024 05:52:24 GMT

LAKE FOREST - Earlier in the day, he was introducing a new crop of free agents to the media at Halas Hall, but Ryan Poles was hardly done adding to his team.As it turns out, he was pretty busy the rest of the day.Before Thursday was over, the general manager signed a running back, a tight end with local ties, along with a defensive lineman to his 2023 squad hoping to make a jump after a 3-14 season in 2022.Another running back is in the fold as the Bears signed D'Onta Foreman to a one-year, $3 million contract after his best season as a pro with the Panthers last fall. He rushed for 914 yards (4.5 per carry) with five touchdowns in 17 games for Carolina, which was easily his best during his five seasons in the NFL.Foreman is on his sixth team in the NFL since the Texans drafted him in the third round of the 2017 NFL Draft, rushing 1,901 yards and ten touchdowns in 43 career NFL games.McHenry native Robert Tonyan is also joining the Bears on a one-year contract as the former McHenry ...

TABC tries to prevent underage drinking during spring break

Published Fri, 27 Dec 2024 05:52:24 GMT

AUSTIN (KXAN) — With Spring Break, South by Southwest and Saint Patrick's Day underway today, agents from the Texas Alcoholic Beverage Commission will be trying to crack down on businesses that sell to minors.The annual underage compliance operations during the month of March are part of an ongoing effort to empower businesses to prevent illegal alcohol sales, including sales to intoxicated persons and customers under the age of 21.According to data from the Texas Department of Transportation, underage drivers accounted for 575 alcohol-related crashes in 2021, including 66 fatal crashes.“The vast majority of underage alcohol-related accidents and fatalities can be prevented simply by cutting off the source of alcohol to the minors,” TABC Executive Director Thomas Graham said. “Our primary goal during this operation is to work with retailers to ensure they have the practices and policies in place to prevent illegal alcohol sales. In the relatively few cases where we observe a violati...

There are nearly 10,000 books banned from Texas prisons. Here's why.

Published Fri, 27 Dec 2024 05:52:24 GMT

AUSTIN (KXAN) — The Marshall Project worked for a year to establish a list of books banned in prisons across the U.S. The number of titles banned varies from state to state. Keri Blakinger, a journalist with the nonprofit, found in Rhode Island only 68 books were banned, but in Texas, there were nearly 10,000. Other states were unable to provide any data on which books are banned and others did not keep a list at all. In total, Blakinger found there are 54,000 recorded books incarcerated people across the country cannot access in prisons. Banned Book Library highlights challenged, revoked titles in public libraries, schools "One of the sort of striking trends was how much variation there is," Blakinger told KXAN. "There are some states that have fairly punitive prison systems, some southern states that can be fairly aggressive that actually had fairly small banned book lists," she said. "And then you have Florida that bans somewhere around 20,000." Blakinger said through her work ...

Venus and Jupiter take centerstage in the night sky this month

Published Fri, 27 Dec 2024 05:52:24 GMT

AUSTIN (KXAN) - If you love stargazing, this month has some great opportunities to see the planets in action. According to Lara Eakins, Public Outreach Program Coordinator with the University of Texas' Department of Astronomy, "there's not any one big spectacular thing going on. But there's a kind of a good chance to see some of the regular patterns that occur throughout the year." Planet Palooza! When 5 planets will be visible in the night sky One of the coolest thing you can see this month is Venus and Jupiter in a dance."Anyone who was out looking for the past few weeks will probably notice there have been two bright objects low in the West after sunset, and they've gradually switched places."According to Eakins, for the past few weeks Jupiter was the higher bright object and Venus was the lower one. Now, the two objects have switched places, with Jupiter nearing the horizon.The moon will soon pass by these two planets in the sky. "On the evening of Wednesday, March 22, shortly...

DEC adds same-day reservations at all campgrounds

Published Fri, 27 Dec 2024 05:52:24 GMT

ALBANY, N.Y. (WTEN) — Same-day reservations will now be available at all New York State campgrounds. The state Department of Environmental Conservation (DEC) announced the change Thursday. Get the latest, news, weather, sports and community events delivered right to your inbox! “DEC is excited to make some changes and updates to this year’s reservation window for DEC campgrounds,” said DEC Commissioner Basil Seggos. “While many campers book weeks or months in advance, there continues to be a high demand for last-minute bookings. Adding same-day reservations will allow our customers to check availability and book a reservation on their way to a campground. An additional 17 hours to book a camping stay will ensure sites are available before arriving and prevent anyone from arriving to a full campground.”Reservations will be required, and patrons can now book a camping reservation as late as 5 p.m. on the desired day of arrival. The public will also be able to book a one-night stay ...

5 things to know this Friday, March 17

Published Fri, 27 Dec 2024 05:52:24 GMT

ALBANY, N.Y. (NEWS10) — Happy St. Patrick's Day! Here's wishing you a pot o' gold, and all the joy your heart can hold. Meteorologist Jill Szwed said a wee bit of rain will fall this afternoon. She suggested you add rain gear to your green ensemble today. Get the latest, news, weather, sports and community events delivered right to your inbox! March Madness is taking over the Capital Region this weekend. See how local businesses are planning to take advantage, and stay up to date on the schedule, in this morning's five things to know.1. Local businesses hope for boost from NCAA TournamentBasketball fans from across the country are in Albany through this weekend for the NCAA Tournament at MVP Arena. For local businesses, especially those situated near the festivities, there’s hope that the influx of people will provide a big boost. Local businesses hope for boost from NCAA Tournament 2. NCAA Tournament brings multiple players, coaches with local ties back to Capital RegionThe Ma...

Meet the young Irish dancers competing internationally

Published Fri, 27 Dec 2024 05:52:24 GMT

ALBANY, N.Y. (NEWS10) - Students from the An Clár School of Irish Dance will be traveling all across the Capital Region to perform for St. Patrick’s Day. Before the day of festivities, we met up with 4 World Qualifiers and their instructor, Lexa Hickey, to learn more about the art form of Irish Step Dance.' Digital Exclusive: NEWS10’s Cassie Hudson learns to Irish step dance According to Hickey, Irish dance is so much more than just "Irish dance" and is not just for those of Irish heritage. Through Irish dance at An Clár, students will enjoy all the benefits of dance: coordination, physical activity/exercise, self discipline, listening skills, socialization, and fun, with the added benefit of exposure to a centuries-old culture. Albany Irish dance school stepping it up for St. Patrick’s Day In early April, Hayden, Ainsley, Mackenzie And Damian will compete at the World Irish Dancing Championships in Montreal, Canada. For many in these group, they were dancing as soon as they beg...

Entries due soon for Capital Region poetry slam

Published Fri, 27 Dec 2024 05:52:24 GMT

RENSSELAER, N.Y. (NEWS10) — The first annual Capital Region Poetry Slam will take place at The Doane Stuart School on April 18 at 7 p.m. The region-wide event is open to high school students in grades 9-12. Get the latest, news, weather, sports and community events delivered right to your inbox! Students are invited to register and submit their poems online by March 31. A select group of entrants will then be invited to participate in the live event on April 18. A panel of five judges, ranging from a John Hopkins professor to a well-known author, will evaluate student performances. The first-place student will go home with $500, with $250 and $100 going to the second-and-third-place finishers, respectively. An interview with Joseph Bruchac, Saratoga Springs’ first Poet Laureate “This has the potential to really make a significant impact on a child’s future," said Marcy Cathey, Head of School at Doane Stuart. "We’re thrilled that it’s happening at Doane Stuart because helping o...