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The fate of Credit Suisse could be decided in the next 24 hours

Published Wed, 26 Feb 2025 16:47:30 GMT

(CNN) — The fate of Credit Suisse could be decided in the next 24 hours after a torrid week for Switzerland’s second biggest bank.Local media reported that the Swiss cabinet had gathered for a crisis meeting at 5 p.m. local time (12 p.m. ET) Saturday to discuss the ailing bank’s future, as reports swirled of a possible takeover by its biggest Swiss rival, UBS. A spokesperson for the Swiss finance ministry declined to comment.Investors and customers pulled their money out of Credit Suisse over the past several days as turmoil swept the global banking industry following the collapse of two US lenders.Shares of the bank lost 25% over the course of the week, despite an emergency $54 billion loan from the Swiss National Bank. The price of financial contracts designed to protect investors against possible losses on its bonds soared to record levels. More than $450 million was pulled from European and US funds managed by the bank between Monday and Wednesday, according to...

Wellesley Educators Association votes no confidence in superintendent, school committee

Published Wed, 26 Feb 2025 16:47:30 GMT

The Wellesley Educators Association has announced a no confidence vote in the town’s superintendent and school committee as teachers continue to work under an expired contract.The teachers say they’ve demanded more funding and they’re working under a contract that expired in July.They’re asking for better staffing, more pay, and a parental leave agreement.

Patriots re-sign special teamer Cody Davis

Published Wed, 26 Feb 2025 16:47:30 GMT

The Patriots have agreed to terms with core special teamer Cody Davis on a one-year deal.Former Patriots safety and newly retired Devin McCourty broke the news on Twitter.Davis has been a quality special teams player for the Patriots during the past three seasons. His 2022 season was cut short after he suffered a season-ending knee injury during a Week 6 contest against the Cleveland Browns.Davis spent the final 12 weeks of the season on injured reserve.“Special teams had a big drop when Cody went down for the year,” McCourty tweeted. “Veteran leadership and elite play back in Foxboro.”The Patriots had C.J.Moore, a core special teamer, in for a visit, but he re-signed with the Lions. The Pats, however, signed Chris Board, another prominent special teams player, to a two-year, $6.7 million deal.The special teams unit will also have captain Matthew Slater returning. Linebacker Mack Wilson, another special teams ace, and long snapper Joe Cardona, also re-signed ...

150 tiny homes to be built for San Diego homeless

Published Wed, 26 Feb 2025 16:47:30 GMT

SAN DIEGO -- In an effort to help house San Diego's homeless population, 150 tiny homes will be built in the region, county officials said.California Governor Gavin Newsom on Thursday pledged to build more than a thousand of these accommodations to address the statewide issue of homelessness. How to get on a waitlist for affordable housing in San Diego According to Newsom, local governments would be in charge of deciding where to place these tiny homes and would be responsible for managing them.County Supervisor Joel Anderson on Friday wrote a letter to the governor commending the efforts to address the ongoing issue. Anderson wrote, "Today’s (Thursday) announcement adds another tool to our toolbelt to address this crisis. I applaud Chairwoman Vargas and county staff for committing to take 150 tiny homes from the state, and I look forward to working with all stakeholders to successfully implement this program."Anderson then asked Newsom to work with the county on program flexibili...

Tourists hoping to see Arizona falls forced out by flooding

Published Wed, 26 Feb 2025 16:47:30 GMT

SUPAI, Ariz. (AP) — Tourists hoping to see world famous waterfalls on the Havasupai Tribe Reservation in northern Arizona instead went through harrowing flood evacuations.The official Havasupai Tribe Tourism Facebook page reported Friday that flooding had washed away a bridge to the campground. An unknown number of campers were evacuated to Supai Village with some being rescued by helicopter.The campground is in a lower-lying area than the village of Supai. Some hikers had to camp in the village. Others who weren’t able to get to the village because of high water were forced to camp overnight on a trail. But floodwaters were starting to recede as of Saturday morning, according to the tribe’s Facebook post. Visitors with the proper permits will be allowed to hike to the village and campground. They will be met with tribal guides who will help them navigate around creek waters on a back trail to get to the campground. Tourists will not be permitted to take pictures. The back tra...

Taylor Swift kicks off US Eras Tour at Super Bowl stadium

Published Wed, 26 Feb 2025 16:47:30 GMT

GLENDALE, Ariz. (AP) — Taylor Swift opened her U.S. concert series with a three-hour tour of her career. Swift kicked off the first concert of the 27-date Eras Tour with a six-song set from her album “Lover” on Friday night at State Farm Stadium in Glendale, Arizona, where the Super Bowl was played a month ago. “I don’t know how to address the way this is making me feel right now,” Swift, who hasn’t toured since 2018, said early in the show.She ended the concert with a seven-song set from her latest album “Midnights,” closing with the song “Karma.” In between she played clusters of songs from most of her albums — and just one, “Tim McGraw,” from her 2006 self-titled debut. In the end it took 44 songs and just over three hours for her to span her 17-year career. Having not toured for her previous three albums, this concert series is intended to play catchup by providing the live debut of many of those songs. When Swift announced the tour in November she called it “a journ...

Slain officers’ families will get $100,000 from Heroes’ Fund, Alberta premier says

Published Wed, 26 Feb 2025 16:47:30 GMT

EDMONTON — Alberta Premier Danielle Smith says the families of two Edmonton police officers who were fatally shot this week will each receive $100,000 from the province’s Heroes’ Fund.Smith made the announcement Saturday during her weekly provincewide radio program while addressing the deaths of Const. Brett Ryan and Const. Travis Jordan.The officers were gunned down Thursday by a teen who later killed himself while they were responding to a non-violent domestic dispute at an apartment building.“One of the things that we have to support families is our Heroes’ Fund — we brought that in in 2020 — so the families will get $100,000 each to be able to help with the costs associated with having to deal with this horrible tragedy,” Smith said Saturday.The fund was established as part of the Ensuring Safety and Cutting Red Tape Act, 2020, and the government’s website says it is intended to recognize the sacrifices of first responders who die as a result ...

French protesters march past garbage piles, resisting Macron

Published Wed, 26 Feb 2025 16:47:30 GMT

PARIS (AP) — A smattering of protests against President Emmanuel Macron’s plan to raise France’s retirement age from 62 to 64 took place Saturday in Paris and beyond, as uncollected garbage reeked in the streets of the French capital amid a strike by sanitation workers. Largely non-violent protests were held in various cities, including Nantes and Marseille, where protesters got past police to occupy the main train station for around 15 minutes. In the eastern city of Besancon, hundreds of demonstrators lit a brazier and burned voter cards.In Paris, police sought to restore calm after two consecutive nights of unrest. Police banned gatherings on the Champs-Elysées avenue and the elegant Place de la Concorde, where protesters tossed an effigy of Macron into a bonfire as a crowd cheered Friday night. Several thousand protesters gathered Saturday evening at a public square in southern Paris, the Place d’Italie, then marched toward Europe’s biggest waste incineration plant, ...

2 people show up in hospital suffering from gunshot wounds

Published Wed, 26 Feb 2025 16:47:30 GMT

Police are investigating after two people showed up in hospital suffering from gunshot wounds on Saturday.Police say they were initially called to the area of Kingston Road and Lawrence Avenue East just before 3:30 p.m. for reports of gunshots. While they were investigating, a man in his 20s showed up at a hospital with a non-life threatening gunshot wound. Shortly thereafter a second victim showed up at a hospital also suffering from a gunshot wound. His injuries were also considered non-life threatening. Police believe the two victims are connected to the same shooting.

Chicago mayoral candidates meet for Saturday forum

Published Wed, 26 Feb 2025 16:47:30 GMT

CHICAGO — A coalition of African American leaders organized a forum Saturday with less than three weeks until the runoff election in Chicago.Brandon Johnson and Paul Vallas both used the forum to lay out their vision of how they would lead if they became the next mayor of Chicago. Endorsements continue to Chicago’s mayoral election "This is a battle of politics of old that have left Black communities behind versus a better, stronger pathway forward," Johnson said.Vallas said it is a battle to make sure every community in the city is safe and secure. The forum was held inside the Kenwood Academy. Both candidates were asked a variety of questions, including whether Johnson, who is endorsed by the Chicago Teachers Union, disagrees with the union on any key issues. "There might be a point within negotiations that the CTU quest and fight for more resources, we may not be able to do it," Johnson said. "So who better to deliver bad news to friends than a friend?"Vallas was asked the same...