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POLITICO Pro Morning Central Banker: OPEC’s extra cuts — Payroll accuracy queried — Digital £ consultation

Published Wed, 26 Feb 2025 13:15:33 GMT

Our one-stop source for central banking & monetary policy news.View in your browser or listen to audioBy GEOFFREY SMITHSNEAK PEEK— Hot U.S. payrolls numbers raise eyebrows in the tech community. — OPEC agrees to extend output cuts into 2024 with Saudi Arabia making an additional voluntary cut.— U.K. extends CBDC consultation deadline after omitting key question. POLICY TICKERECB 3.75% ⇡ — BOE 4.5% ⇡ — FED 5.35% ⇡— SNB 1.5% ⇡— BOJ -0.10% ⇣— RBA 3.85% ⇡— PBOC 3.65%⇣— CBR 7.5% ⇣ — SARB 8.25% ⇡Good morning. I hope you all remembered your Factor 30 over what was an eventful weekend. Those that didn’t may be feeling a little bit sore around the neck and (I’m projecting here) bald patch. But hey, things could be a lot worse — as French Finance Minister Bruno Le Maire is probably thinking to himself after Standard & Poor’s relented and kept France’s credit rating steady at AA. Rival Fitch had already downgraded it to AA- in April, and a second downgraded wou...

One dead after shot by police at South Bay transit center

Published Wed, 26 Feb 2025 13:15:33 GMT

SAN DIEGO -- One person is dead following an officer-involved shooting at a South Bay transit center Sunday night, San Diego police said.Around 8:56 p.m., officers were called to the transit center in the 700 block of East San Ysidro Boulevard for an undisclosed reason.One person was confirmed dead by SDPD. Authorities have not disclosed if they were the only individual shot at in the incident.Deputies from the San Diego County Sheriff's Office are headed to the scene to investigate the incident, per the countywide memorandum on officer-involved shootings, Lt. Adam Sharki with SDPD said.This is a developing story. Check back for updates.

Roger Craig, former MLB pitcher and manager who was World Series fixture, dies at 93

Published Wed, 26 Feb 2025 13:15:33 GMT

NEW YORK (AP) — Roger Craig, who pitched for three championship teams during his major league career and then managed the San Francisco Giants to the 1989 World Series that was interrupted by a massive earthquake, has died. He was 93.A spokesperson for the Giants said the team was informed by a family member that Craig died Sunday in San Diego following a short illness.“We have lost a legendary member of our Giants family,” Giants President and Chief Executive Officer Larry Baer said in a statement. “Roger was beloved by players, coaches, front office staff and fans. He was a father figure to many and his optimism and wisdom resulted in some of the most memorable seasons in our history.” Craig was a rookie on the 1955 Brooklyn Dodgers club that won the franchise’s first title. He had a terrific season for the 1959 Los Angeles Dodgers, who beat the Chicago White Sox in the World Series. And he made 39 appearances for the 1964 St. Louis Cardinals squad that topped the New ...

Sharing the sentence: Separation takes toll on incarcerated moms and their kids

Published Wed, 26 Feb 2025 13:15:33 GMT

LINCOLN, Ill. (AP) — Dressed in her Sunday best — pink ruffled sleeves and a rainbow tulle tutu — Crystal Martinez’s 4-year-old daughter proudly presented her with a multicolored bouquet of carefully crafted tissue paper flowers. With her 5-year-old son nestled on her lap, laughing in delight, Martinez held out her arms and pulled the girl into a hug so tight that her glasses were knocked askew.“I want you! I don’t want the flowers,” Martinez said, smiling and holding her children close.Martinez’ five children, including the three aged 13, 10 and 6, last month traveled for three hours from Chicago to visit her in Logan Correctional, Illinois’ largest state prison for women and transgender people, on the Reunification Ride. The donation-dependent initiative buses prisoners’ family members 180 miles (290 km) from the city to Logan every month so they can spend time with their mothers and grandmothers.The number of incarcerated women in the United States dropped by tens of thousa...

Nuggets’ Michael Malone questions team’s effort after Game 2 showing: “This is not the preseason”

Published Wed, 26 Feb 2025 13:15:33 GMT

In the disappointing aftermath of Sunday night’s Game 2, Nuggets coach Michael Malone asked his team if they knew why they’d suffered their first home loss of the postseason.According to Malone, the answer wasn’t elusive. They knew what he was getting at.“Let’s talk about effort,” Malone said after Miami seized Game 2 with a 111-108 win, snatching homecourt advantage in the process. “This is the NBA Finals, we are talking about effort; that’s a huge concern of mine.”Malone tried to warn inquiring media tempted to deem the series over after Game 1 when he insisted the Nuggets didn’t play well. But Sunday reaffirmed the defensive lapses he’d seen when he professed concern. He knew Miami, which had been a great 3-point shooting team throughout the playoffs, wasn’t going to remain cold for long.That effort he cited trickled into numerous alarming aspects of the night.“We had guys out there that were just whether feeling sorry for themselves for not making shots or thin...

Bicyclist dead after crash in South Los Angeles

Published Wed, 26 Feb 2025 13:15:33 GMT

A bicyclist was struck and killed Sunday night after an alleged collision with a vehicle in South Los Angeles.  Calls about the fatal accident, located near the intersection of South Central and East Florence Avenues, came in just after 8 p.m., according to the Los Angeles Police Department.  Police said that the victim was possibly a minor.  Footage from the scene showed both LAPD and personnel with the Los Angeles Fire Department at the location. A white tent set up to cover the victim had been erected, and a bicycle can be seen on the nearby sidewalk.  LAPD on the scene of a fatal crash involving a bicyclist on June 4, 2023. (OnScene TV)LAPD on the scene of a fatal crash involving a bicyclist on June 4, 2023. (OnScene TV)LAPD on the scene of a fatal crash involving a bicyclist on June 4, 2023. (OnScene TV)Details surrounding the crash are limited and it's unclear if police are searching for anyone else who may have been involved in the fatal collision.  

Video captures dangerous stunt on 91 Freeway in Corona

Published Wed, 26 Feb 2025 13:15:33 GMT

A motorist on the 91 Freeway captured video of man pulling a dangerous stunt on Sunday, standing out of the driver’s side window of his vehicle as it traveled down the roadway in Corona.  The footage shows the man, wearing a green colored shirt, dark jeans and what appears to be a red bandana on his head, standing straight up on the ledge of the open window, his arms open as the wind whips his shirt around.  The man then crouches down as if to get in the car, but then glances back, toward the motorist taking the video.  Video captured a man, seen here, standing out of the driver's side window as his car traveled down the 91 Freeway in Corona on June 4, 2023. (AJ)Video captured a man, seen here, standing out of the driver's side window as his car traveled down the 91 Freeway in Corona on June 4, 2023. (AJ)It’s unclear if there was anyone else in the car with the man or how the vehicle was maintaining its speed and steering.  

NCAA baseball: Stanford stays alive, forces decisive game vs. Texas A&M

Published Wed, 26 Feb 2025 13:15:33 GMT

The Stanford baseball team made a habit last season of playing at its best whenever it mattered most.The Cardinal are showing that same tendency again this year.Top-seeded Stanford won two elimination games on its home field Sunday, including a 13-5 victory over Texas A&M in the nightcap, and is now one win away from advancing to the Super Regionals of the NCAA Division I tournament for the second straight year.Stanford and Texas A&M play again in a winner-take-all game Monday at 6 p.m. Including 2022, the Cardinal are now 7-0 in Regional and Super Regional games in which they’ve faced elimination.Sunday against the Aggies, the Cardinal was up 6-5 when Alberto Rios kicked off a seven-run inning with an RBI double that scored Braden Montgomery. Malcolm Moore then hit a two-run homer with no outs before Tommy Troy had a three-run blast with one out to give Stanford a 13-5 lead.Montgomery, Nick Dugan, and Brandt Pancer combined to allow just one earned run in 8 1/3 innings of r...

San Jose councilmember to spend night in homeless shelter

Published Wed, 26 Feb 2025 13:15:33 GMT

SAN JOSE, Calif. (KRON) -- A formerly homeless San Jose resident is challenging local officials to spend the night in a shelter. She wants them to experience it firsthand before voting to open up more.Councilmember Omar Torres says he's up for the challenge. He says he wants to serve the unhoused community in San Jose. SUV crashes into business after losing control in Oakland street race: police Torres thinks spending a night in a shelter will help him better understand how he can help those individuals long term. Torres is getting ready to pack a bag and spent a night at a local homeless shelter."We're willing to listen, we're willing to come where they're at and have these brutal discussions about why they are unhoused and what other services they need," Torres said.Torres was just elected last November. He says he has visited overnight shelters, but only during the day when they're nearly empty. Then he received an email asking him to spend the night in a shelter.He knew it wa...

Miami Heat revive en el último cuarto para superar a Denver Nuggets y empatar la serie 1-1

Published Wed, 26 Feb 2025 13:15:33 GMT

(CNN) — Los Miami Heat aguantaron los 41 puntos de Nikola Jokic y se animaron en el último cuarto para derrotar por 111-108 a los Denver Nuggets este domingo en el segundo partido de las finales de la NBA y empatar 1-1 la serie.Miami tuvo un comienzo arrollador en el segundo partido, con una ventaja de 21-10 a mitad del primer cuarto, antes de que los Nuggets respondieran con una racha de 45-14 en el segundo cuarto, dando la vuelta al marcador con 26 puntos y haciéndose con el control.El dos veces Jugador Más Valioso, Nikola Jokic, quien sólo intentó tres tiros en la primera mitad del primer partido, se mostró más activo ofensivamente este domingo, encestando 6 de 13 tiros de campo y sumando 13 puntos, el mejor del equipo, al descanso.Las estrellas de la postemporada de los Heat, Max Strus y Caleb Martin, se sacudieron una miserable salida en el primer partido, en el que el dúo tiró un triste 1 de 17 puntos desde el campo, para combinarse para 26 puntos en 9 de 16 tiros, mient...