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More Americans apply for jobless benefits, but layoffs are not rising significantly

Published Wed, 26 Feb 2025 09:59:41 GMT

The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve’s attempt to cool the labor market by raising interest rates.U.S. applications for jobless claims rose by 12,000 to 248,000 for the week ending July 1, from 236,000 previous week, the Labor Department reported Thursday. The four-week moving average of claims, which evens out some of the week-to-week volatility, fell by 3,500 by 253,250.Jobless claim applications are seen as a proxy for the number of layoffs in a given week.Overall, 1.72 million people were collecting unemployment benefits the week that ended June 24, 13,000 fewer than the previous week.Matt Ott, The Associated Press

German government puts off vote on a contentious heating plan until September

Published Wed, 26 Feb 2025 09:59:41 GMT

BERLIN (AP) — Germany’s governing coalition has put off until September a vote on contentious legislation to encourage the replacement of fossil fuel heating systems after the country’s top court shot down plans to push the bill through parliament this week.The Federal Constitutional Court’s last-minute ruling on Wednesday night was awkward for German Chancellor Olaf Scholz’s three-party coalition, denying it the chance to move on quickly from a lengthy dispute over a central climate policy plan that has dragged it down in polls.The government had hoped to get the legislation passed Friday, the last day before parliament’s summer recess. But the court blocked lawmakers from considering it this week, issuing an injunction sought by a conservative opposition member who argued that not having time for more detailed consideration would violate his rights.Top coalition lawmakers conferred Thursday and then announced they would seek a vote in early September, when parlia...

Chloe confirms Gabriela Hearst is leaving, as eyes look toward Fendi show to cap couture

Published Wed, 26 Feb 2025 09:59:41 GMT

PARIS (AP) — Fashion whispers have finally been confirmed: Gabriela Hearst is stepping down as the creative director of Maison Chloé after a brief but impactful three-year tenure. Hearst, the first female designer with multicultural roots (Uruguay and United States) to lead a Parisian fashion house, has been a transformative force at Chloé since her appointment in December 2020.Here are some highlights of the last day of fall couture shows on Thursday that will include Fendi later in the day: GABRIELA HEARST BIDS ADIEU TO CHLOÉ, LEAVING A GREEN LEGACYDespite the relative brevity of her tenure, Hearst leaves an indelible imprint on Chloé. She ushered the house into a new era of sustainability, turning it into the first European luxury fashion house to secure a B Corp certification. Hearst’s sustainability agenda included innovative initiatives such as the integration of eco-friendly materials, a ground-breaking resale program and collections focusing on climate-forward solutions.Her ...

Day six of B.C. port strike as management calls for binding arbitration

Published Wed, 26 Feb 2025 09:59:41 GMT

VANCOUVER — The organization that represents employers at roughly 30 strikebound ports in British Columbia says binding arbitration could end the six-day-old dispute. More than 7,000 members of the International Longshore and Warehouse Union walked off the job on Canada Day after voting overwhelmingly to strike against the BC Maritime Employers Association. Talks stalled Monday and business groups are increasingly demanding federal legislation to end the disruption, while CP Rail, now known as CPCK Ltd., says it has issued temporary embargoes on rail traffic to the Port of Vancouver. The latest statement from the employers association says binding arbitration could bring the dispute to a swift close, something it first proposed in mid-June in the weeks before workers went off the job. Federal Labour Minister Seamus O’Regan discussed the strike with his B.C. counterpart, Labour Minister Harry Bains, on Wednesday, but O’Regan has so far resisted calls to legislate the stri...

Dog trapped between 2 buildings in California rescued by firefighters

Published Wed, 26 Feb 2025 09:59:41 GMT

(KTLA) -- Firefighters rescued a large dog stuck between two buildings in California on Wednesday, authorities said.  Crews with the Los Angeles Fire Department responded to a call from Tujunga at around 2:48 p.m. “Firefighters were made aware of the trapped dog while finishing up with a medical response nearby,” LAFD said on an Instagram post.  The dog, named Ziggi, is believed to have crawled into the narrow space between the two buildings to escape the sound of fireworks, fire officials said, and had likely been stuck there overnight.  “Ziggi was stuck in there pretty good,” said Barry Koven, Ziggi's owner. “We pulled her up and then she went back down. I thought I was going to lose her. She brings a lot of happiness to me. She doesn’t deserve to die in a wall.”  Dog in carrier found hanging on Oklahoma Humane Society’s front door Video of Ziggi taken after his rescue showed a happy pooch with no apparent injuries from the incident. Ziggi seen here getting pets afte...

Which out-of-state driver's licenses are no longer valid in Florida?

Published Wed, 26 Feb 2025 09:59:41 GMT

TALLAHASSEE, Fla. (WFLA) – Gov. Ron DeSantis announced Wednesday a list of out-of-state driver's licenses that are no longer valid in Florida due to a new law considered to be its toughest immigration crackdown to date. DeSantis, along with the Florida Department of Highway Safety and Motor Vehicles, created the list of invalid licenses as part of the newly implemented Senate Bill 1718, which includes five states. As of July 1, these out-of-state licenses are no longer valid in Florida if the driver is in the U.S. illegally. Delaware ConnecticutHawaiiRhode Island Vermont “Someone who is in our country illegally and has violated our laws should not possess a government-issued ID which allows them access to state-funded services and other privileges afforded to lawful residents," DeSantis said. “The Biden administration may continue to abdicate its responsibilities to secure our border, but Florida will stand for the rule of law. Even if the federal government refuses, Florida will ac...

Developer eyes 722-acre lakeside development near Lake Georgetown

Published Wed, 26 Feb 2025 09:59:41 GMT

AUSTIN (ABJ) -- A Wyoming-based developer is eyeing a 722-acre development in Georgetown that could bring 1,500 homes and a 15-acre resort hotel to the west side of Lake Georgetown.While the project is still in its initial stages, representatives from Zovest Capital LLC on June 27 presented a proposal to the Georgetown City Council to support creating a municipal utility district for Lakeside Estates, which would be next to Santa Rita Ranch in the city's extraterritorial jurisdiction. The Santa Rita Ranch neighborhood is still being built out, but it's already one of the biggest neighborhoods in Central Texas.Read the full story online in the Austin Business Journal.

Other voices: Budget agency pours ice water on Biden parade

Published Wed, 26 Feb 2025 09:59:41 GMT

How fitting that the Congressional Budget Office released its long-term fiscal projections last Wednesday, the same day that President Joe Biden began his economic rehabilitation tour.In the words of the New York Times, Biden this week embarked upon “a concerted campaign … to claim credit for an economic revival in America.” In a Chicago speech, he touted his economic policies in an address that aides called “a cornerstone speech of his presidency.”On the same day, however, the CBO issued a more sober view of the nation’s economic trajectory — a trajectory this administration has proudly accelerated.“If current laws governing taxes and spending generally remained unchanged,” the analysis found, “the federal budget deficit would increase significantly in relation to gross domestic product (GDP) over the next 30 years.”What does that mean? “Such high and rising debt would have significant economic and financial co...

Anandalingam, Magimay: An ‘AI Manifesto’ for CEOs: how to approach artificial intelligence integration

Published Wed, 26 Feb 2025 09:59:41 GMT

ChatGPT, its GPT-4 iteration and the broader advancement of generative AI are raising the stakes for companies that are expected to incorporate this technology. CEOs, boards and top executives in such a spot should step back and meet the challenge with a big picture approach that systematizes a set of proven strategies.AI as the next competitive weapon for business relevancy and profitability means companies must transform from digital enterprises to intelligent enterprises. The latter successfully integrates AI, machine learning, data analytics and the Internet of Things (IoT) to drive innovation, optimize processes and create new revenue streams.Begin by adopting an “AI first” mindset.Adapt your organizational structure to the reality that “intelligence” increasingly resides in many parts of the company. It further means nurturing and investing in talent accordingly and being cognizant of the regulatory and compliance pressures.Also, think of Intelligent En...

Corinth man arrested in home burglary investigation

Published Wed, 26 Feb 2025 09:59:41 GMT

CORINTH, N.Y. (NEWS10) -- A Corinth man was arrested on Tuesday following a home burglary investigation, per New York State Police. Peter Winslow II, 40, faces multiple charges. Get the latest, news, weather, sports and community events delivered right to your inbox! On Tuesday, around 1:29 a.m., troopers responded to a home in Corinth for reports of a burglary in progress. State police say an investigation showed Winslow II forcibly entered the home, caused damage, and engaged in a physical altercation with a resident inside. Police say Winslow II left the home before law enforcement arrived. However, he was found nearby shortly after. SP: Man brandished handgun on Clifton Park nature trail Charges:Second-degree burglaryThird-degree criminal mischiefSecond-degree harassmentCriminal obstruction of breathingWinslow II was taken to Wilton State Police for processing. He was arraigned at the Wilton Town Court and was released on his own recognizance. He is scheduled to appear at t...