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A dip in inflation may not be enough to stop the BoC from raising rates next month

Published Wed, 25 Dec 2024 19:26:08 GMT

OTTAWA — Forecasters are expecting the Bank of Canada to move ahead with another interest rate hike in July, even as they expect the annual inflation rate to slow significantly. Statistics Canada is set to release its consumer price index report for May on Wednesday, providing the most up-to-date inflation reading ahead of the Bank of Canada’s interest rate decision on July 12. “I think this release is probably going to be a fairly optimistic one for inflation, in the sense that we are expecting the inflation rate to go down below four per cent,” said James Orlando, TD’s director of economics.On the food inflation front, Orlando is also hopeful that price increases may be slowing more meaningfully. “We haven’t had the same deceleration of food prices as the U.S. has had on a monthly basis recently. And so that’s something that you’re kind of hoping that’s gonna start coming through in Canada as well,” he said. In April, gro...

Ukraine’s president tells other countries to act before Russia attacks nuclear plant

Published Wed, 25 Dec 2024 19:26:08 GMT

KYIV, Ukraine (AP) — Ukraine wants other countries to heed its warning that Russia may be planning to attack an occupied nuclear power plant to cause a radiation disaster, President Volodymyr Zelenskyy said.Members of his government briefed international representatives on the possible threat to the Zaporizhzhia Nuclear Power Plant. Zelenskyy said he expected other nations to “give appropriate signals and exert pressure” on Moscow. “Our principle is simple: The world must know what the occupier is preparing. Everyone who knows must act,” Zelenskyy said late Thursday. “The world has enough power to prevent any radiation incidents, let alone a radiation catastrophe.” The potential for a life-threatening release of radiation has been a concern since Russian troops invaded Ukraine last year and seized the plant, which is Europe’s largest nuclear power station. The head of the U.N.’s atomic energy agency spent months unsuccessfully trying to negotiate for a safety perimeter to prot...

Starbucks union calls strike over Pride displays, but the company calls it a misinformation campaign

Published Wed, 25 Dec 2024 19:26:08 GMT

Workers at 150 Starbucks locations will strike in the coming week over what their union says is a clash over decor supporting LBGTQ+ causes, but the company denies it’s banned any such displays and accused the union of using misinformation as a tactic in labor talks. Starbucks Workers United said in a tweet Friday that 3,500 workers will be on strike over the next week, starting with the flagship location in Seattle. The union has tried to establish a foothold at Starbucks for some time and at least 358 Starbucks stores have petitioned the National Labor Relations Board to hold union elections. A Starbucks in Buffalo, New York, became the first to unionize early last year. But those efforts have slowed in recent months with pushback from some workers who have resisted organization efforts. Starbucks on Friday said Workers United is using misinformation about its support for LBGTQ+ causes as part of ongoing contract negotiations. “Workers United continues to spread false inform...

Woman, 67, beaten to death, 96-year-old woman injured in South Side home

Published Wed, 25 Dec 2024 19:26:08 GMT

CHICAGO -- A 67-year-old woman was found dead inside a residence and a 96-year-old woman was injured after a domestic-related incident took place inside a home on the city's South Side Friday morning.According to police, the 67-year-old woman was found unresponsive inside a home near the 7300 block of South Luella Avenue around 8:28 a.m. Police reported she had apparent signs of blunt force trauma and was pronounced dead on the scene. Man critical after driver flees two-vehicle crash on Southwest Side The 96-year-old woman was struck in the face and transported to the University of Chicago Medical Center for an evaluation. There were no other injuries reported in the area and detectives are investigating the incident.

19-year-old passenger on Titan submersible was 'terrified' to go, family member says

Published Wed, 25 Dec 2024 19:26:08 GMT

(NEXSTAR) – The 19-year-old passenger aboard Titan’s ill-fated dive to the wreckage of the Titanic was “terrified” to go on the trip, but went anyway so as not to disappoint his Titanic-obsessed dad, his aunt told NBC News.Suleman Dawood and his father, Shahzada Dawood, 48, embarked on the June 18 expedition with fellow passengers Hamish Harding, Paul-Henri Nargeolet and OceanGate founder Stockton Rush. Their submersible lost contact with its support vessel approximately an hour and 45 minutes into the dive. Coast Guard officials ultimately determined the Titan suffered a “catastrophic implosion” after pieces of the debris were found along the ocean floor.All five people aboard the Titan were presumed dead as of Thursday, OceanGate said. James Cameron ‘struck’ by similarities between Titan implosion, Titanic sinking Azmeh Dawood, Suleman’s aunt and Shahzada’s older sister, told NBC News that her brother had been fascinated with the Titanic since he was a boy, often watching films,...

Honda recalls nearly 1.2M vehicles because rear camera image may not appear

Published Wed, 25 Dec 2024 19:26:08 GMT

(NEXSTAR) - Nearly 1.2 million Honda vehicles in the U.S. are being recalled because the rearview camera image may not appear on the dashboard screen.The affected models are 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles.The automaker says a faulty coaxial cable connector can prevent the rearview image from appearing on the display. Dealers will replace the cable harness and install a straightening cover over the vehicle cable connector free of charge, the company says. Is restaurant tipping getting out of hand? Notification letters are expected to be mailed to affected owners on July 24. Owners may contact Honda customer service at 1-888-234-2138. Honda's numbers for the recall are EEL and ZEM.Drivers can also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236.

Veteran mistakenly declared dead by several agencies after VA mistake

Published Wed, 25 Dec 2024 19:26:08 GMT

LAS VEGAS (KLAS) – The Department of Veterans Affairs declared a veteran dead, but 81-year-old Tom Hayden is very much alive.Hayden said the mistake happened shortly after his wife's death. He eventually reached out to Nexstar's KLAS after attempting to get the issue fixed for nearly four months without success."They've got me so confused," Hayden said from his home in Henderson, Nevada. "Now I'm dead. Now I'm alive. Now I'm dead."Hayden's wife, Wendy, passed away in March from cancer. She was 79 years old.Tom Hayden's wife Wendy passed away in March from cancer and then he was mistakenly declared dead by several agencies. (Credit: Tom Hayden)"I loved her more than anybody and I took care of her right here at home for eight straight months," Hayden said. "She was beautiful, physically beautiful, and a beautiful person."That same month, Hayden received a letter from the VA."The renewal office of the Veterans Administration had declared me dead," Hayden said.Hayden learned that his be...

Philosophy of loved baked into every treat at Chicago bakery

Published Wed, 25 Dec 2024 19:26:08 GMT

CHICAGO — Pride — and pastry.In Chicago’s lakeview neighborhood, partners James Cox and Ryan Ibasco have combined their love of baking and their love of one another to create a sweet spot in the heart of the North Side.Filipino recipes meet American classics at Chicago Sugar Daddy. More: Pride: Stories of Chicago's Very Own The philosophy of love and community baked into every item.You can visit Chicago Sugar Daddy patisserie at the corner of Broadway and Melrose, Tuesday through Sunday.

The median age of Americans is the highest it's ever been

Published Wed, 25 Dec 2024 19:26:08 GMT

(KTLA) -- The median age of Americans reached a record high of 38.9 years between 2021 and 2022, according to new data released by the U.S. Census Bureau on Thursday.During that timeframe, the median age in the nation has increased by 0.2 years.The rapid rise is noteworthy since the median age in 2000 was 35 and in 1980 it was 30.“As the nation’s median age creeps closer to 40, you can really see how the aging of baby boomers, and now their children — sometimes called echo boomers — is impacting the median age,” Kristie Wilder, a demographer in the Census Bureau’s Population Division, said in a statement. America aged rapidly in the last decade as baby boomers grew older and births dropped Researchers found that about 17 states had median ages above 40 in 2022. Maine led the group with the highest median age with 44.8 and New Hemisphere followed with 43.3.On the contrary, Utah, the District of Columbia and Texas had the lowest median ages in the nation. Utah had a median age of 31...

Seventh Street Truck Park bar shooter receives 29-year prison term

Published Wed, 25 Dec 2024 19:26:08 GMT

At the sentencing of the first of two men convicted in the Seventh Street Truck Park bar shootings, family and friends of the 27-year-old bystander killed packed the courtroom wearing orange T-shirts.It was Marquisha Wiley’s favorite color and it’s the color for gun violence awareness. Her mother, Beth Wiley, said they knew Devondre Phillips didn’t directly shoot Marquisha Wiley, but she said “his actions caused her death.” She asked for a long sentence.Judge Carolina Lamas sentenced Phillips, 31, to a 29-year prison term. Jurors in February convicted him of eight counts of attempted murder for his role in the 2021 gunfight.Fifteen people were injured and Wiley was killed. A jury found Terry Brown, 34, guilty last week of murder in Wiley’s shooting; he was also convicted of four counts of attempted murder. He’s scheduled to be scheduled in August.Phillips apologized during his sentencing hearing Friday.“I’m sorry for the innocent victims” an...