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    Record-high housing prices in the US could collapse by up to 20 percent over the next year if a recession sparked by Joe Biden's inflation takes hold, a top Wall Street economist has warned.   Ian Shepherdson, a chief economist at Pantheon Macroeconomics, pointed out that home prices have already declined by about five percent from their peak in May and will continue to tumble.  According to his previous work, there are now 40 percent more single-family homes available than four months ago - and previously occupied home sales have slowed for the seventh month straight. Prices for homes sank by 0.7 percent in August, but Shepherdson predicts a total decline of up to 20 percent by the middle of 2023.  He warned that the plunging trend in sales 'has further to go' and that prices are falling as the US enters the fourth quarter of 2022.  There will be an recession encompassing all aspects of the housing industry in the coming months, he claims.   Ian Shepherdson, a chief economist at Pantheon Macroeconomics, warned about an expected fall in house prices...
    London is asking people to refrain from using emergency services unless absolutely necessary as the city deals with the strain from hundreds of mourners collapsing in the massive queue to pay their final respects to Queen Elizabeth II. The United Kingdom's National Health Service said that 435 patients had fallen ill along the mileslong queue, the Telegraph reported. The London Ambulance Service is asking mourners to prepare for the arduous journey through the colossal line in order to cut down on these numbers, which includes preparations such as wearing proper clothing and bringing prescribed medication. As of Friday, the queue was estimated to be 5 miles long, containing citizens from all across the U.K., with an estimated wait time of 22 hours. OFFICIALS CLOSE OFF ENTRY TO VIEW QUEEN ELIZABETH II'S COFFIN AFTER LINE REACHES 5 MILES A sign in Southwark Park in London, informing members of the public that the queue to view Queen Elizabeth II lying in state ahead of her funeral on Monday is over 14 hours from that point, on Sept. 16,...
    Live from Music Row, Monday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 a.m. to 8:00 a.m. – host Leahy welcomed the original all-star panelist Crom Carmichael to the studio for another edition of Crom’s Crommentary. CROM CARMICHAEL: Michael, there were three articles that I read that were kind of interesting. They’re related. One of them is The Wall Street Journal called “The Coming Global Crisis of Climate Policy.” Another one is “Europe is Bound to Collapse”. That was in The Epoch Times. And then another one is from the Free Beacon called “California Punishes the Poor by Banning Gas-Powered Cars.” In every one of these, what you see is, in the case of Europe they are destroying their economy in the name of what they consider to be the need to transition away from fossil fuels at a time when renewables are just simply not cheap. They’re very expensive and they’re not there all the time. In other words, sometimes they just don’t work when the wind doesn’t...
    A glacier in Antarctica that is predicted to melt rapidly over the coming years has prompted widespread concerns among scientists who say its collapse would cause significant risks to global sea levels. The Thwaites Glacier, nicknamed the “doomsday glacier” because of the risks it poses should it collapse, is capable of increasing the global sea level by several feet if it fully melted, a study published in the journal Nature Geoscience indicated. Scientists have tracked the glacier’s retreat for several years, worried about the damage the Florida-sized icecap could cause. “Thwaites is really holding on today by its fingernails, and we should expect to see big changes over small timescales in the future — even from one year to the next — once the glacier retreats beyond a shallow ridge in its bed,” said Robert Larter, one of the study’s co-authors from the British Antarctic Survey, in a news release. SIX KILLED AFTER ALPINE GLACIER BREAKS LOOSE IN ITALY This Feb. 1, 2022 satellite image from the European Space Agency, annotated by marine geophysicist Robert...
    The United States military flew a pair of nuclear-capable B-52 long-distance bombers over the Middle East in a show of force as tensions in the region remain high between Washington and Tehran. The bombers took off from the Royal Air Force base at Fairford in England and flew over the eastern Mediterranean, the Arabian Peninsula and the Red Sea on Sunday in training missions together with Kuwaiti and Saudi warplanes, before departing the region. Lt Gen Alexus Grynkewich, the top US air force officer in the Middle East, said in a statement: 'Threats to the US and our partners will not go unanswered. 'Missions like this... showcase our ability to combine forces to deter and, if necessary, defeat our adversaries.' It comes as US and Iranian negotiators have been attempting to revive the 2015 nuclear deal. But the tensions between the countries have reached a fever pitch after Washington said that Iran's latest negotiating position was 'not constructive'. A B-52H Stratofortress assigned to the 5th Bomb Wing, Minot Air Force Base, North Dakota, flying over the Middle East on Sunday...
    (CNN)A court filing from 16 current and former employees of the Texas Department of Family and Protective Services, along with the Texas State Employees Union, says the agency is "on the brink of collapse" following the state's decision to investigate the gender-affirming care of minors as potential child abuse.The brief cites a "string of departures" within the agency since the directive was put in place in February, arguing remaining workers will be spread dangerously thin.Dallas judge removes Texas AGs office as intervenor in case over treatment for transgender youthThe amicus curiae (Friend of the Court) brief was filed with the state's Third District Court of Appeals, which is considering whether the policy, prompted by an opinion from Attorney General Ken Paxton and ordered by Gov. Greg Abbott, was implemented legally. The governor and DFPS are appealing the March decision of a district court judge in Austin that put enforcement of the policy on hold. In May, the Texas Supreme Court ruled that DFPS could continue investigating families suspected of seeking out gender-affirming care while the case is appealed. At the...
    The ICU nurse who killed six people in a horrific fiery crash in LA earlier this month when she blew through a red light at 90mph suffered a 'frightening' mental collapse in the days leading up to the incident, it has been revealed. The revelation concerning the murder charges currently leveled at Nicole Linton, 37, came in the form of a filing from the LA nurse's defense attorneys, who insist their client suffered an 'apparent lapse of consciousness' at the time of the crash. Obtained by The LA Times, the filing offers a detailed narrative of the suspect's diminishing mental state in the buildup to the incident, which claimed the lives of a pregnant mother, her unborn child and one-year-old son, and four others. Linton, who is from Texas, is currently in custody on the six murder charges, which pertain to the five people as well as the unborn child. She is being held without bail, due to prosecutors belief that she is a flight risk and a danger to the community. The filing argues that Linton has 'no recollection of the events that...
    (CNN)Billionaire Elon Musk tweeted, not for the first time, that "population collapse due to low birth rates is a much bigger risk to civilization than global warming." Climate change is a serious problem facing the planet and experts say it's difficult to compare problems. What is clear, demographers say, is that the global population is growing, despite declines in some parts of the world, and it shouldn't be collapsing any time soon."He's better off making cars and engineering than at predicting the trajectory of the population," said Joseph Chamie, a consulting demographer and a former director of the United Nations Population Division, who has written several books about population issues."Yes, some countries, their population is declining, but for the world, that's just not the case."Population projections by the numbersThe world's population is projected to reach 8 billion by mid-November of this year, according to the United Nations. The UN predicts the global population could grow to around 8.5 billion in just 8 years.Read MoreBy 2080, the world's population is expected to peak at 10.4 billion. Then there's a 50% chance...
    London (CNN Business)Six months after invading Ukraine, Russia is bogged down in a war of attrition it didn't anticipate but it is having success on another front — its oil-dependent economy is in a deep recession but proving far more resilient than expected. "I'm driving through Moscow and the same traffic jams are there as before," says Andrey Nechaev, who was Russia's economy minister in the early 1990s. The readiness of China and India to snap up cheap Russian oil has helped, but Nechaev and other analysts say Russia's economy has started to decline and is likely facing a prolonged period of stagnation as a consequence of Western sanctions. On the surface, not much has changed, bar a few empty storefronts that once housed Western brands that have fled the country in their hundreds. McDonalds (MCD) is now called "Vkusno i tochka", or "Tasty, and that's it" and Starbucks (SBUX) cafes are now gradually reopening under the barely disguised brand Stars Coffee. The streets of Moscow are as busy as ever. The exodus of Western businesses, and wave after wave...
    House prices could fall by up to 20 percent next year if there's a recession, experts warn - and property in some areas of the country is overvalued by as much as 72 percent.  Mark Zandi, chief economist for Moody's Analytics, was pessimistic about the housing market in May, but he has now made his forecasts even more bleak, Fortune reported on Wednesday. It comes amid ongoing arguments over whether the US is already in a recession, with the country recording two consecutive quarters of negative growth - the traditional definition of such a slump.   The news is particularly dire for people who have purchased homes in what Fortune terms 'bubbly' markets, such as Boise, Las Vegas and Phoenix. The most over-valued areas are largely in the Mountain West and Sunbelt. Boise, Idaho - which saw house prices skyrocket during the pandemic, as droves swapped pricey cities in the Bay Area and wider California for the buzzing Idaho city - is the most overvalued area, Zandi said. Boise, where the current average house is worth $526,050 according to Zillow, is almost 72...
    VIDEO1:5201:52Powell is unlikely to indicate size of rate hike at Jackson Hole: ProfessorSquawk Box Asia Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points because an economic slowdown is in sight. "I think we only need 100 basis points more," Siegel said on CNBC's "Squawk Box Asia." "The market thinks it's going to be a little more — 125, 130 basis points more. My feeling is we won't need that much because of what I see as a slowdown." "If you want to do it all at once, or you want to do it over a period of two to three meetings — it won't make that much of a difference," he said. "The question is what terminal rate do we have to go to." The Fed raised its benchmark rate by 0.75 percentage point in both June and July — the largest back-to-back increases since the central bank started using the funds rate as its chief monetary policy tool in the early 1990s. Traders are betting the Fed will...
    Do Republicans have a case of BDE, otherwise known as Big Divorce Energy? According to my Magic 8 Ball, signs point to yes. I may be attuned to this because I’m at the age now where some of my friends are starting to get divorced. This tends to happen around the time their children head off to college, which means mom and dad were (in all likelihood) staying together for the children. A similar BDE dynamic may be at work in the Republican Party, where a marriage of convenience—that began roughly around 1973—held together for the sake of the (in this case, unborn) children. The recent election in Kansas has made it conventional wisdom to say that the Dobbs decision—which overturned Roe v. Wade, helps Democrats at the ballot box. The interesting thing about the Kansas election, though, was that it demonstrated how many Republicans were voting pro-choice. Now, it would be a mistake to make too much of this, but this past Tuesday’s elections suggest that this trend is worth your attention. Consider this recent analysis from former...
    Olivia Newton-John's successful career in the entertainment industry took a major toll on her daughter Chloe Lattanzi's life. Chloe, the only daughter of Olivia and her ex-husband Matt Lattanzi, revealed in 2013 how fame 'messed her up'. She also admitted it was 'hard spending at lot of time alone' as Olivia travelled when she was a child. How Olivia Newton-John's fame took a toll on her daughter Chloe Lattanzi who spiralled into drugs, eating disorders and a terrifying collapse in front an LA strip club. Olivia and Chloe are pictured together in 2016  But she credited her mum for helping her overcome personal demons - including her battle with substance abuse, body dysmorphia and anorexia. RELATED ARTICLES Previous 1 Next Aussie singer cuts short her live interview on Sunrise as... Olivia Newton John's 'beautiful' last Instagram post just... Olivia Newton-John's final moving photo is revealed after... 'Your impact was incredible': John Travolta, Mandy Moore and... Share this article Share Olivia died peacefully aged 73  at her home in southern California on...
    A slew of celebrities, including Kendall Jenner and Alicia Silverstone, are sharing in their disgust over the video showing a horse that collapsed on the street while pulling a carriage in New York City on Wednesday. The New York City Police Department responded to the incident that happened near Ninth Avenue and 45th Street in Manhattan around 5 p.m., according to People. But before officers arrived a video obtained by NBC News shows the driver of the carriage allegedly trying to pull the distressed animal up off the ground and hitting him, yelling, 'Get up! Come on! Get up! Get up!' as he remained on the ground. The driver allegedly pulled the harness and hit the horse with the reins, but the animal puts his head down before eventually leaning over on his side. Tense moments: Video of a horse that collapsed while pulling a carriage in the Hells Kitchen neighborhood of New York City on Wednesday has some people outraged Celebrity outrage: Kendall Jenner, Alicia Silverstone and Ariel Winter are among the growing number of celebrities to express their outrage...
    Roughly a century after the first antibiotics revolutionized medicine, the development pipeline for these critical drugs is on the brink of collapse. Dr. Michelle McMurry-Heath is a physician-scientist and the president and CEO of the Biotechnology Innovation Organization. (Photo courtesy of Dr. Michelle McMurry-Heath.) Without policies to reinvigorate research into newer, more potent antibiotics, the world may soon face another global public health crisis as devastating as COVID-19. According to an analysis in The Lancet, more than 1.2 million people died from drug-resistant bacteria in 2019. By 2050, these superbugs could kill as many as 10 million people each year. Since the discovery of the first marketed antibacterials in the early 1900s, these wonder-drugs have become indispensable. By the end of the 20th century, the U.S. Food and Drug Administration had approved 135 new drugs that kill bacteria or inhibit their growth. These included breakthroughs such as penicillin-like drugs and medicines like erythromycin. These drugs made it possible to treat many infections, like pneumonia and strep throat. But in recent decades, new antibacterials have become alarmingly rare. In the past 35...
    Welcome to the Glean, MinnPost’s twice-daily roundup of Minnesota news. On the 15 anniversary of the I-35 bridge collapse over the Mississippi River, Caroline Cummings at WCCO interviews MnDOT bridge engineer Ed Lutgen on the current state of bridges in Minnesota: “These last 15 years we’ve improved tremendously in our bridge inspection program.” Funding in the 2008 Minnesota State Legislature transportation bill led to 172 bridges repaired or replaced by the time the program sunset in 2018. From KSTP: Bail has been set at $1 million for Nicolae Miu, 52, of Prior Lake, who’s charged with one count of first-degree intentional homicide and four counts of attempted first-degree intentional homicide following the stabbing incidents on the Apple River over the weekend. Via Bring Me the News: The Minnesota Bureau of Criminal Apprehension’s human trafficking task force, along with other organizations, conducted a sting operation last week. Six people are facing felony charges after they were arrested in connection to sex trafficking stings in St. Paul and Stillwater. Rob Olson at FOX9 has a brief about Minneapolis police investigating a shooting...
    The planetary crisis was linked to at least 15 deaths in Kentucky Friday as heavy rains triggered what Gov. Andy Beshear called "one of the worst, most devastating flooding events" in the state's history. Beshear declared a state of emergency in six counties Thursday afternoon as the storm dumped more than 10 inches of rain across eastern Kentucky, causing mudslides and washing away homes and roadways, with whole communities wiped out in some areas. Search and rescue teams were deployed Friday following hundreds of air and water rescues the previous day, with some being airlifted from their rooftops. "As we keep kicking the can on climate solutions, more lives will be lost in climate-based tragedies," said anti-poverty advocate Joe Sanberg. "We must act now." Beshear said he feared the death toll would at least double. At least two of four young siblings, ranging in age from one and a half to eight, were among those who were identified as victims of the flooding. The children were swept away from their parents as the family clung to a tree after their...
    Matteo Salvini has been accused of colluding with Vladimir Putin to collapse the Italian government in order to bring his populist anti-EU party into power. The anti-immigration Lega Nord leader, who is hoping to be swept into power in a right-wing coalition in the September election, allegedly sent an emissary to meet with a Kremlin official in May, weeks before Mario Draghi's government imploded. Putin's foreign ministry official Oleg Kostyukov asked Salvini's representative Antonio Capuano if his ministers are 'willing to resign from the Draghi government', according to intelligence documents seen by Italian news outlet La Stampa. The meeting was said to have taken place at the same time as Salvini drew criticism for conducting parallel diplomacy with Russia over the war in Ukraine.  Last Thursday, Draghi, an internationally respected 74-year-old, formally handed in his resignation after failing to bring together a fractious coalition, with the Lega Nord one of three parties snubbing a confidence vote. Matteo Salvini has been accused of colluding with Vladimir Putin to collapse the Italian government in order to bring his populist anti-EU party into power...
    There's something about the latest crypto crash that makes it different from previous downturns.Artur Widak | Nurphoto | Getty Images The two words on every crypto investor's lips right now are undoubtedly "crypto winter." Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally in 2021. Bitcoin, the world's biggest digital coin, is off 70% from a November all-time high of nearly $69,000. That's resulted in many experts warning of a prolonged bear market known as "crypto winter." The last such event occurred between 2017 and 2018. But there's something about the latest crash that makes it different from previous downturns in crypto — the latest cycle has been marked by a series of events that have caused contagion across the industry because of their interconnected nature and business strategies.From 2018 to 2022Back in 2018, bitcoin and other tokens slumped sharply after a steep climb in 2017. The market then was awash with so-called initial coin offerings, where people poured money into crypto ventures that had popped up left, right...
    Leftist author Noam Chomsky, born in Philadelphia on December 7, 1928 and now 93, has lived through everything from the Great Depression to World War 2 to Watergate to Iran-Contra to 9/11 to Donald Trump’s presidency. Politically, socially and economically, Chomsky has seen a lot. And in recent years, the leftist author and activist has been using the phrase “societal collapse” a great deal. As Chomsky sees it, the world is experiencing very dangerous times. And that “societal collapse” or “global collapse” concept has also been used by the United Nations in its 2022 Global Assessment Report on Disaster Risk Reduction, issued in May. Journalist Robert Hunziker, in an article published by the CityWatch L.A. website on July 10, ties Chomsky’s warnings and the UN’s warnings together. READ MORE: 'Replacement theories' and 'racially charged conspiracies': New analysis explains how GOP pushes 'dangerous' rhetoric Hunziker explains, “A recent UN report discusses prominent risks of ‘global collapse’: UN 2022 Global Assessment Report on Disaster Risk Reduction, a.k.a.: GAR2022 d/d May 2022’…. Accordingly, escalating...
    Republicans may have blown their hopes for beating a recently elected Democratic senator through the actions of one man, Arizona Republic columnist Laurie Roberts wrote on Monday. "When the story on Arizona’s 2022 election is written, surely one of the sorriest chapters will be the collapse of Mark Brnovich. A year ago, Arizona’s attorney general looked to be the Republican Party’s best shot at reclaiming the Senate seat that Republicans had held since 1969 – until voters sent appointed Sen. Martha McSally packing in 2020," she wrote. "In the end, Mark Brnovich faced one obstacle he couldn’t overcome: Mark Brnovich." McSally lost the 2020 special election to fill the rest of John McCain's term to Democrat Mark Kelly. "Last week, Brnovich dropped into third place in a Republican race that he might well have won had he simply stayed in his own lane and run as himself, a traditional conservative Republican," she wrote. "Early on, Brnovich was that rare Republican who was willing to tell the truth about the 2020 election, risking the wrath of his base by acknowledging that...
    Tiny changes in a single star's path could destabilize the solar system, causing the system to collapse. BIDEN TO UNVEIL JAMES WEBB SPACE TELESCOPE'S FIRST PHOTO AT WHITE HOUSE If a star gets too close to Neptune and knocks off its axis by 0.1% during a "stellar flyby," it could destabilize the entire solar system as a result, according to research published by Garett Brown and Hanno Rein of the University of Toronto. Brown and Rein explain their findings in the research paper, "On the long-term stability of the Solar System in the presence of weak perturbations from stellar flybys." "We find that small perturbations to the outer planets' orbits are transferred between planets, increasing the likelihood that the inner planetary system will destabilize," the paper says. Neptune is the farthest planet from the sun in the solar system, and changes to its orbit could have severe consequences on the inner planets, including Earth, according to the research. There is also a possibility that if Mercury and Jupiter's points of reaching closest to...
    Amazon deforestation has hit an all-time record in Brazil, official data reveals.  Authorities say an area 1,539 square miles (3,988 square km) was deforested in Brazil's portion of the Amazon from January to June this year.  This area, five times the size of New York City, marks the highest deforestation rate recorded for the first six months of the year in the Brazilian Amazon, Greenpeace says. Deforestation is the process of permanently removing trees, often to make way for planting crops and cattle grazing to accommodate the human demand for food.  During deforestation, trees and vegetation are burnt or cut down, obliterating the forest habitat and causing a loss of biological diversity, conservationists say. Deforestation in the Amazon (pictured) has just hit an all-time record, official data from Brazil's National Institute for Space Research reveals During deforestation, trees and vegetation are burnt or cut down, obliterating the forest habitat and causing a loss of biological diversity An area 1,539 square miles (3,988 square km) was deforested in Brazil's portion of the Amazon from January to June this year - higher than ever before...
    CNBC's Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation. "There is one front in the war on inflation that's been an outstanding total victory for the Fed, and that's the battle against financial speculation," he said. "With the immolation of crypto, the Fed's job is almost complete, but they don't seem to know it yet. … They're just gearing up to throw people out of work to make it clear that inflation is a thing of the past," he added. The "Mad Money" host's comments come after bitcoin, the world's largest cryptocurrency, finished its worst month on record. The currency declined more than 38% in June while ether, the second-largest cryptocurrency by market capitalization, lost around 47% of its value.  Major companies in the market face solvency crises, layoffs and an exodus of investors selling off holdings. While some bitcoin supporters expect the market to recover, others are skeptical. "I know miserable stock owners love company, but this crypto...
    WEST HAM’S move for Arnaut Danjuma is on the brink of collapse. And the Hammers are now turning their attention to former loanee and free agent Jesse Lingard as a replacement. 2West Ham have failed to agree personal terms with Arnaut DanjumaCredit: Getty 2The Hammers could turn their attention back to Jesse LingardCredit: Getty Talks were held with Villarreal about a potential £35m move for Dutch winger Danjuma, but agreeing personal terms have proven to be a sticking point. The Spanish side are open to selling to raise funds for improvements to their squad, but West Ham boss David Moyes now has eyes elsewhere after complications with Danjuma. Moyes is a big fan of Lingard – who was released by Manchester United this summer – after his four-month loan spell from January 2021. Scoring nine goals in 16 games, Moyes hopes the 29-year-old’s return to the London Stadium could increase their goal threat up top. Read More in FootballGET YOUR GOSS Richarlison to sign for Tottenham, Neymar could leave PSGPRAISE THE LORD Watch leaked clip of Jesus wearing Arsenal kit...
    by George Neumayr   “I don’t think the country will stand for it,” said President Joe Biden, commenting in early June on the expected collapse of Roe v. Wade. “If in fact the decision comes down the way it does, and these states impose the limitations they’re talking about, it’s going to cause a mini-revolution and they’re going to vote these folks out of office.” Contrary to Biden’s prediction, the collapse of Roe v. Wade marks not the beginning of a revolution but the end of one. Until that monstrous decision, which led to the deaths of over 62 million unborn children, the American people had the power to pass laws against abortion and did so in most of the states. The Dobbs decision simply returns that power to the people — a blow not against “democracy,” as the hysterics on the left claim, but for it. The Founding Fathers established America as a democracy of, by, and for the people. They never intended for a handful of judges to deprive the people of control over the moral direction of their own country. Yet the revolutionary...
    By Adriana Gomez Licon and Curt Anderson | Associated Press SURFSIDE, Fla. — A year ago in the middle of the night, a 12-story oceanfront condo building in Surfside, Florida, came down with a thunderous roar, leaving a giant pile of rubble and claiming 98 lives — one of the deadliest structure collapses in U.S. history. The names of each victim were read aloud during a ceremony Friday to mark the somber anniversary, attended by political figures, first responders and family members of those who died at Champlain Towers South on June 24, 2021. “Exactly 365 days ago, my house imploded, my home collapsed with everything and everyone inside but … I am alive, and I have the chance to rediscover something that motivates me to smile again, to fight, to be a whole person,” said Raquel Oliveira, whose husband and 5-year-old son died in the collapse. “Let’s not give up on justice, love, gratitude, forgiveness. Let’s not give up life. We have not come this far just to come this far,” she added. The disaster was the largest non-hurricane...
    (CNN)PJ Rodriguez's 7-year-old son, John, is learning to cope with the loss of his grandmother and great grandmother. He was close to both and at times gets sad that he can't talk to them, but a therapist has taught him to refocus his mind on happy memories when he gets down, Rodriguez said. John smiles recalling a trip to the zoo, a toy they brought him or when his parents instructed them not to bring him chicken nuggets or doughnut holes but they did anyway. One of John's favorite memories, he tells his parents, is when they took him to Gatorland and his grandmother -- no fan of reptiles -- "held a snake for me so I could a take a picture while I was holding an alligator," Rodriguez relayed to CNN. The woman whose voice was heard in rubble of Surfside condo collapse has been identified. This is how it happenedBut John still struggles, as do hundreds of family members who lost loved ones when part of Champlain Towers South in Surfside, Florida, crumbled to the ground a year...
    PHILADELPHIA (CBS) —  We’re learning more about the other firefighters and an additional city employee who were injured responding to that fire at a building that collapsed in Fairhill. One firefighter, 51-year-old Lt. Sean Williamson, was killed.  Four of the five people injured were firefighters and the other was an L&I supervisor.  READ MORE: ATF's National Response Team Joins Investigation Into Origin, Cause Of Fire That Resulted In Building Collapse That Killed Philadelphia Fire Fighter Lt. Sean WilliamsonOn Saturday night in addition to that firefighter killed we are learning more about the 5 people injured. Two of them are currently in critical condition at Temple University Hospital. Here’s what we’ve learned:  Five people in total were injured. Three firefighters and one L&I supervisor were initially trapped. While the fifth victim was found trapped under debris after firefighters began a search and rescue operation. They have been identified as firefighters Lt. Clarence Johnson and Lt. Sylvester Burton and L&I inspector Thomas Rybakowski. They were treated and released from Temple University Hospital.  READ MORE: Police: Man Dies After Being Shot In...
    PHILADELPHIA (CBS) —  We’re learning more about the other firefighters and an additional city employee who were injured responding to that fire at a building that collapsed in Fairhill. One firefighter, 51-year-old Lt. Sean Williamson, was killed.  Four of the five people injured were firefighters and the other was an L&I supervisor.  READ MORE: Neighbors React To Building Collapse In Fairhill That Killed Philadelphia Firefighter, Injured 5 Other PeopleOn Saturday night in addition to that firefighter killed we are learning more about the 5 people injured. Two of them are currently in critical condition at Temple University Hospital. Here’s what we’ve learned:  Five people in total were injured. Three firefighters and one L&I supervisor were initially trapped. While the fifth victim was found trapped under debris after firefighters began a search and rescue operation. They have been identified as firefighters Lt. Clarence Johnson and Lt. Sylvester Burton and L&I inspector Thomas Rybakowski. They were treated and released from Temple University Hospital.  READ MORE: Philadelphia Officials Identify Firefighter Killed, 5 Others Injured After Building Collapses In Fairhill Firefighters Robert...
    A Philadelphia firefighter was killed when a fire caused a building to collapse, trapping five others in the rubble. In the early hours of Saturday morning firefighters with the Philadelphia Fire Department responded to a fire in a commercial building in the Fairhill neighborhood. The fire was under control within 15 minutes and a family inside was able to escape without injury. But 90 minutes later as officials were surveying the damage, the building collapsed while five members of the fire department and a building inspector were still inside.  Officials say initially they rescued four people but worked for hours to find and rescue the remaining two people after losing contact In the early hours of Saturday firefighters with the Philadelphia Fire Department responded to a fire in a commercial building in the Fairhill neighborhood 1st Deputy Fire Commissioner Craig Murphy described it as a 'lean-to/pancake collapse' in which some collapsed material fell flat on a surface, while other material might have leaned against a wall, creating space RELATED ARTICLES Previous 1 Next Ukrainians blast...
    A FIREFIGHTER was left dead after a building collapsed in Philadelphia at 3:24 a.m. on Saturday, June 18. The deceased firefighter was a 27-year veteran of the Philadelphia fire department. 1Firefighter dies in building collapse Four other firefighters and an inspector were rescued and taken to a hospital after the building collapsed. Philadelphia Fire Commissioner Craig Murphy said that six people, five firefighters, and a city inspector, were initially trapped. The building collapsed as the firefighters were escorting residents out of the building after putting out a fire. The inspector has since been released from the hospital. Most read in News‘DRAMA & CATASTROPHE’ Cyclist at center of 'love triangle' murder speaks out for first timeALARM BELLS Chilling warning signs before 'man beheaded pregnant ex' revealed by stepdadNEW CLAIMS Twist in case of ‘Australia’s Madeleine McCann’ as chilling new details emergeBIRTHDAY MASSACRE Terrifying new details of Denny's mass shooting as victims identified
    Prince William is 'mourning' the collapse of his relationship with his brother Prince Harry but there is little chance of them repairing it in the near future, friends reveal today. The depths of the explosive rift between the siblings are exposed in highly revealing interviews with William's inner circle for the Daily Mail. Relations between the once-close pair are still at 'rock bottom', sources say. The Cambridges and the Sussexes   Prince William and Prince Harry pictured in in the Sunken Garden at Kensington Palace, London for the unveiling of a statue of their mother Princess Diana on July 1, 2021 'He [William] alternates between grieving for what he has lost and feeling really, really angry about what his brother has done,' one said. 'He truly loves Harry and feels he has lost the only person, aside from his wife, who understood this strange life of theirs. 'But he believes there are things you just don't do. And Harry has 100 per cent crossed that line.' William also believes his brother has 'disrespected the Queen and their family', a friend says. Read...
    The U.S. is indirectly paying an airline controlled by the Taliban to fly out Afghans seeking safety, according to a new report, following the chaotic departure of American troops last year. Washington is committed to helping rescue Afghans who helped U.S. forces or who fear for their lives after working for the former government. But with no diplomatic representation in the country it is reliant on Qatar, which maintains relations with the Taliban, to make arrangements to fly Afghans out of the country en route to the U.S. Four sources told NBC News that Qatar is buying plane tickets in bulk from Ariana Afghan Airlines, the country’s state-owned airline. The airline flies twice a week to Doha, with tickets costing around $480 a seat. The U.S. is indirectly paying an airline controlled by the Taliban to fly refugees out of Afghanistan, it emerged on Thursday The rapid advance of the Taliban as U.S. forces withdrew last year triggered a chaotic operation to help vulnerable Afghans find safety From there, the U.S. arranges onward flights. Any suggestion that American taxpayers money...
    The Warriors looked to be on their way to a win to open the NBA Finals after a classic third quarter blitz. But an even bigger response from the Celtics in the fourth led to a stunning 120-108 win over the Warriors in Game 1 of the NBA Finals. Golden State led by 12 entering the final quarter, but Boston went on a 17-0 run during the fourth and finished the fourth with a 40-16 advantage. The Celtics also made 21-of-41 shots from 3-point range on the night. It’s the first home playoff loss during the playoffs for Warriors, who last lost Game 1 of a playoff series at home during the 2016 Western Conference Finals. Here’s what the Warriors said after the loss: STEVE KERR On trouble stopping Celtics in the fourth: Well, give them credit. I mean, they made 21 threes. They were moving the ball really well, and they had us on our heels. They made a good push to start the fourth, and they kept that momentum going. It’s going to be tough to beat Boston...
    Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, dropped to $0. The collapse of the algorithmic stablecoin TerraUSD has raised question about the future survival of similar crypto assets.Dan Kitwood | Getty Images News | Getty Images Algorithmic stablecoins like terraUSD, which collapsed and sent shockwaves through the cryptocurrency market, are unlikely to survive, the co-founder of digital currency tether told CNBC. Stablecoins are a type of cryptocurrency that is usually pegged to a real-world asset. TerraUSD or UST, is an algorithmic stablecoin which was supposed to be pegged to the U.S. dollar. Whereas stablecoins like tether and USD Coin are backed by real-world assets such as fiat currencies and government bonds in order to maintain their dollar peg, UST was governed by an algorithm. UST lost its dollar peg and that also led to a sell-off for its sister token luna, which crashed to $0. The debacle has led to warnings that algorithmic stablecoins might not have a future. "It's unfortunate that the money ... was lost, however, it's not a surprise. It's an algorithmic-backed, stablecoin. So it's just...
    Boris Yeltsin's son-in-law has quit his role as a Kremlin adviser amid speculation Vladimir Putin is losing his grip on power due to his health. Valentin Yumashev, who is married to the former president's daughter Tatyana, has served as an unpaid aide who was one of the last links inside the administration to Yeltsin's rule. Under Yeltsin, who was Russian president from 1991 to 1999, Yumashev served as a Kremlin adviser and later as Kremlin chief of staff.  Boris Yeltsin's son-in-law Valentin Yumashev (pictured, far right at Yeltsin's funeral) has quit his role as a Kremlin adviser amid speculation Vladimir Putin is losing his grip on power Putin's policies over the years have diverged from the values that Yeltsin espoused, but the Russian leader has kept his ties to the former first family He ran the presidential administration in 1997 when Putin, a former KGB spy who had been given a middle-ranking administrative job in the Kremlin a year earlier, was promoted to be deputy Kremlin chief of staff. When Yeltsin asked Yumashev his thoughts on Putin, he told the then leader...
    In this article UST.CM= LUNA.CM= Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra.Dan Kitwood | Getty ImagesA new version of the collapsed luna cryptocurrency is already live on major exchanges — and it's gotten off to a bad start. Last week, supporters of the Terra blockchain project voted to revive luna but not terraUSD, a so-called "stablecoin" that plunged below its intended peg to the dollar, causing panic in the crypto market. TerraUSD, or UST, is what's known as an algorithmic stablecoin. It relied on code and a sister token, luna, to maintain a $1 value. But as digital currency prices fell, investors fled the stablecoin, sending UST tumbling — and taking luna down with it. At its height, the old luna — now known as "luna classic" — had a circulating supply of over $40 billion. Now, luna has a new iteration, which investors are calling Terra 2.0. It is already trading on exchanges including Bybit, Kucoin and Huobi. Binance, the world's largest crypto exchange, says it will list luna on...
    The lawyers continued, “Remarkably, after months of rigorous, arm’s-length negotiations … more than two dozen potentially liable parties have agreed to an unprecedented settlement for an unprecedented event.” Hanzman is expected to give final approval of the class-action settlement later this summer after a comment period and “fairness hearing” on June 23. Hanzman also plans to participate in a series of claims hearing in which relatives and representatives of victims who died or were injured in Champlain South’s collapse will be able to make a case for what their lives were worth. This process is expected to be arduous and emotional. The class-action team’s co-chairs released a statement that said, “We are pleased to have finalized the settlments we reached with more than two dozen parties and their insurers.” The statement continued, “We are grateful to Judge Hanzman, who fast-tracked this case to get it resolved in record time. We also recognize the efforts of the receiver Michael Goldberg and the mediator Bruce Greer and all of the members of the plaintiffs steering committee who worked tirelessly on...
    In this article ETH=VIDEO2:5302:53Sen. Cynthia Lummis and DC regulators weigh in stablecoin chaos and how to police cryptoCrypto WorldWASHINGTON — It's been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector's market cap as terraUSD, one of the most popular U.S. dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps hammering the industry. Some investors have called the events of the last month a Bear Stearns moment for crypto, comparing the contagion effect of a failed stablecoin project to the fall of a major Wall Street bank that ultimately foretold the 2008 mortgage debt and financial crisis. "It really revealed some deeper vulnerabilities in the system," said Michael Hsu, acting Comptroller of the Currency for the U.S. Treasury Department. "Clearly, you saw contagion, not just from terra to the broader crypto ecosystem, but to tether, to other stablecoins, and I think that's something that wasn't assumed. And I think that's something people have to really pay attention...
    Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. "There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse and demand destruction," Ackman said in a slew of tweets Tuesday. The Pershing Square hedge fund manager attributed 2022's market correction to investors' lack of confidence that the central bank could squash a 40-year high in inflation. He said the market turmoil will only end if the Fed "puts a line in the sand" on soaring prices. "If the Fed doesn't do its job, the market will do the Fed's job, and that is what is happening now," Ackman added. "The only way to stop today's raging inflation is with aggressive monetary tightening or with a collapse in the economy." The market has been in a big rout this year as the Federal Reserve's tightening...
    (CNN)The faint and calm voice of a woman trapped in the hulking pile of concrete and twisted steel could be heard for several hours after the collapse of the Surfside, Florida, condominium last June."Eventually we didn't hear her voice anymore," Miami-Dade County Fire Chief Alan Cominsky said one week after the June 24 collapse. An 11-page memo released publicly by the Miami-Dade Fire Rescue Department last week said the "voice in the rubble" belonged to Theresa Velasquez, a Live Nation music executive who was 36 when she perished, along with her parents.Tentative settlement, valued at $997 million, reached with families of victims of Surfside condominium collapseThey were among the 98 people killed in the disaster at the Champlain Towers South building last summer.The memo, which described precarious search conditions and the emotional toll of the quest for "life under the rubble," said rescue dogs "picked up a live victim scent" underneath the condo's parking garage about 6:30 a.m. Read MoreDeputy Fire Chief Raied Jadallah wrote the memo -- dated April 25 -- was a rebuttal to a newspaper story that...
    Special Inspector General for Afghan Reconstruction John Sopko on Tuesday released a withering report on how two administrations contributed to the collapse of Afghan security forces last year The biggest factors in the rapid collapse of Afghanistan's armed forces were the Trump administration's deal with the Taliban to withdraw U.S. troops and contractors from the country followed by Joe Biden's announcement that he was pulling out all U.S. troops, according to a scathing watchdog report.   The Special Inspector General for Afghanistan Reconstruction (S.I.G.A.R) found that Afghan forces had been built to reply on U.S. air power as well as contractors to maintain sophisticated weaponry. Doing a deal with the Taliban to pull out, wrote John Sopko, set in motion the collapse of the Afghan National Defense and Security Forces (A.N.D.S.F.). 'The single most important near-term factor in the A.N.D.S.F.'s collapse was the U.S. decision to withdraw the U.S. military and contractors from Afghanistan through the U.S.-Taliban agreement in February 2020, signed under the Trump Administration and confirmed by President Biden in an April 2021 address to the nation,' he wrote...
    SURFSIDE (CBSMiami) – Who was the voice in the rubble? That question has been one of the heartbreaking mysteries of the Surfside building collapse. READ MORE: 'Primary Goal Is Active Shooter Response': Miami-Dade Police Priority Response Team Trains For Whatever Comes Its WayA review by Miami Dade Fire Rescue has concluded that it was Theresa Velasquez, a 36-year-old entertainment industry executive from Los Angeles who was visiting her parents at the Champlain Towers South on the night of the collapse, according to a memo obtained by CBS Miami. Her parents – Julio, 67, and Angela, 60 – also died. Theresa Velasquez’s brother, David, said he accepts the findings of the fire department investigation. “There is no way to know 100 percent,” he told CBS Miami, “but it seems like the logical conclusion.” According to the 11-page memo, written by Miami Dade Deputy Fire Chief Ray Jadallah, Velasquez did survive the initial collapse, but rescue crews were unable to reach her before she died. In the memo, dated April 25, and sent to Fire Chief Alan Cominsky, Jadallah notes his findings...
    The mystery surrounding the 'voice in the rubble' of the Surfside condo collapse has finally been settled, almost a year after the Florida towers came crashing down, killing 98 people. Rescue crews spoke to a female trapped in the collapsed building, trying to rescue her but ultimately failing. In December it was reported that the victim was 14-year-old Valeria Barth, who was visiting the U.S. from Colombia with her parents, for a tennis tournament. USA Today reported that rescuers did not have the equipment to reach her, and that she may have burned to death in a fire caused by their equipment. Yet on Tuesday CBS Miami obtained an April 25 memo from Miami-Dade Fire Rescue, which concluded that the teenager was not the 'voice in the rubble'. Instead, Raied Jadallah, Miami-Dade deputy fire chief, concluded that the voice belonged to Theresa Velasquez, a 36-year-old music executive from Los Angeles who was visiting her parents at the time of the collapse. Theresa Velasquez, 36 (left), is now believed to be the 'voice in the rubble'. Initial reports suggested it was...
    We're selling another loser. Crypto's collapse is part the reason
    THIS is the horrifying moment a water slide collapsed leaving sixteen people injured. The shocking clip shows riders plummeting over 30ft to the ground in front of stunned onlookers. 2The collapse left 16 people injuredCredit: CEN 2The incident took place at the Kenpark Waterpark in Surabaya, IndonesiaCredit: CEN The terrifying incident took place at the Kenjeran Park in the city of Surabaya in the Indonesian province of East Java on May 7. Local media reported that a total of sixteen people were taken to nearby hospitals for treatment. In the video, the water slide can be seen collapsing as water cascades onto the ground. Onlookers scream in shock as park visitors rush to help the victims. READ MORE ON WORLD NEWSMONSTER Evil Putin 'now at his DEADLIEST' as puffy-faced despot displays 'anger signals'THE GUN SHOW Russian artillery explodes in missile hit sending shockwaves across landscape According to reports, the collapse occurred because the ride had worn out and weakened over time, however, the park’s management said it happened because it was overloaded at the time, adding that maintenance was carried...
    KYIV, Ukraine (AP) — Leonid Kravchuk, who led Ukraine to independence amid the Soviet Union’s collapse and served as its 1st president, dies. Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.