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Ticker: Fitch downgrades US credit; DoorDash beats predictions; WWE boss subpoenaed by feds

Published Tue, 05 Nov 2024 03:46:50 GMT

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades.Fitch says the worsening political polarization around spending and tax policy are key reasons for the downgrade. It said U.S. governance has declined relative to other highly rated countries and cited “repeated debt limit standoffs and last-minute resolutions.”The rating was cut one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade.DoorDash beats predictionsDoorDash set new records for total orders and revenue in the second quarter as its grocery and convenience deliveries accelerated and it improved driver efficiency.The San Francisco-based delivery company said its total orders rose 25% to 532 million for the April-June period. That was ahead of Wall Street’s forecast of 521 million, according to analysts polled by ...

Gary Phillips: Brian Cashman’s roster construction deserves its fair share of blame for Yankees’ failures

Published Tue, 05 Nov 2024 03:46:50 GMT

The Yankees have played about as well as a broken record. They’ve sounded like one, too.No matter how bad things get or how long the same problems persist, the team’s leadership often repeats the same excuses. This year, the list of greatest hits includes blaming injuries — which have plagued the team for years — and highlighting disappointing veterans. And that’s fair, because those factors have indisputably contributed to the Yankees’ shortcomings.But the team also likes to note the competitiveness of the American League East, which should have only motivated the Yankees to put their best foot forward before the 2023 campaign began. The same can be said of last October’s embarrassing ALCS loss to the Astros.However, the Yankees did not do that well before the IL stints and underachievers made their mark on a last-place team that’s now 3.5 games out of the final wild card spot.Despite having baseball’s second-highest payroll, th...

No word on whether Massachusetts will have to pay back $2.5 billion error to feds

Published Tue, 05 Nov 2024 03:46:50 GMT

The terms of payback remain unclear nearly two months after the state learned the former Baker administration erroneously used $2.5 billion in federal pandemic-era relief funds to cover unemployment benefits.Whether or not Massachusetts is even on the hook for the money remains an open question.The U.S. Department of Labor is in the middle of conducting “independent compliance and oversight work” with state officials, a department spokesperson said. A timeline for when that work will be completed was not available on Tuesday, with the spokesperson saying they had “no other information” in response to follow-up questions.“The department appreciates the full cooperation of the state in understanding the scope of the problem, its causes, and any necessary corrective action required,” the spokesperson said in a statement to the Herald.The June revelation that the Baker administration used $2.5 billion in federal dollars to pay off pandemic-era unemployment benefits, which should have be...

Tijuana airport to get nonstop flight to Phoenix on American Airlines

Published Tue, 05 Nov 2024 03:46:50 GMT

SAN DIEGO -- A nonstop flight between Tijuana and Phoenix is coming to American Airlines.Starting Feb. 15, the airline will launch the direct flight between Tijuana International Airport and Phoenix Sky Harbor International Airport.The flight will be the only direct option from Tijuana to any U.S. city, the San Diego Union-Tribune reports. Sesame Place San Diego’s free admission for kids begins Tijuana will be the 13th international city to which the airline will offer direct service.The mayor of Phoenix says the addition will boost business for Arizona's capital city.“The addition of a direct, non-stop flight to Tijuana, Mexico builds on Phoenix’s status as a majorhub and one of Mexico’s largest air travel markets. This new connection will ultimatelystrengthen our tourism industry, support business, and create more job opportunities forPhoenicians,” Phoenix Mayor Kate Gallego said in a news release.On the same date, the airline will also start operating two daily flights between ...

Police search Senate office buildings after report of active shooter; later declare it a false alarm

Published Tue, 05 Nov 2024 03:46:50 GMT

WASHINGTON (AP) — Authorities issued a shelter-in-place order and searched Senate office buildings near the U.S. Capitol Wednesday afternoon after a 911 call warned of a possible active shooter. But a floor-by-floor search of the three buildings found nothing, and Capitol Police Chief Tom Manger said the cause of the security scramble “may have been a bogus call.” “We found nothing concerning,” he said. “We got nobody who actually heard shots and certainly no victims.”The incident comes amid heightened security concerns created by former President Donald Trump’s indictment on charges relating to his attempts to overturn the results of the 2020 presidential election. Trump is due in federal court Thursday just a few blocks from the Capitol.Manger said Washington’s multiple law enforcement agencies had been planning “for a couple weeks now” for a possible indictment and had “a security plan in place” in case Trump supporters attempt to disrupt the legal proceedings. The lockdown...

‘Deeply upsetting’: AIDS Memorial at Barbara Hall Park vandalized

Published Tue, 05 Nov 2024 03:46:50 GMT

The AIDS Memorial at Barbara Hall Park near Church and Wellesley streets has been vandalized with black paint.It’s not clear exactly when the act of vandalism took place and Toronto police tell CityNews they have not received a report about it.In a statement, Toronto Centre Councillor Chris Moise called the vandalism “deeply upsetting and personally heartbreaking.”“The monument was constructed to honour those whose lives have been lost to AIDS, as well as to celebrate those who live courageously with the virus. The fact that someone would desecrate this sacred space is inconceivable, and I condemn it in the strongest terms.”Moise added that “plans are already underway at the City to begin removing the graffiti.”“I look forward to seeing the memorial promptly restored to its former state.”The 519, a nearby community centre, is the trustee of the memorial. It declined to comment on the vandalism, but says the City has placed a work...

Museum in New York state returns remains of 19 Native Americans to Oneida Indian Nation

Published Tue, 05 Nov 2024 03:46:50 GMT

ALBANY, N.Y. (AP) — A museum in Rochester, New York, returned ancestral remains of 19 Native Americans and funerary artifacts to the Oneida Indian Nation on Wednesday, striving for a “small step in the service of justice.”The remains of Oneida ancestors include those of five men, three women and two adolescent girls who lived sometime between 200 to 3,000 years ago. A mix of pottery and other items traditionally buried with the dead were also returned, as required by federal law.Hillary Olson, the president of the Rochester Museum and Science Center, apologized for the museum’s acquisition of the remains.“We have perpetuated harmful practices including the excavation, collection, study, and display of Native American ancestors and their belongings,” she said during a repatriation ceremony in Rochester. “This repatriation does not change the past. But we hope that it is a small step in the service of justice.” In 2000, the museum returned the ancestral remains of 25 Native Americans ...

CFPB sues auto dealer for illegally locking cars, re-possessing vehicles, other shady activities

Published Tue, 05 Nov 2024 03:46:50 GMT

NEW YORK (AP) — The Consumer Financial Protection Bureau on Wednesday sued USASF Servicing, the financial arm of a chain of auto dealerships found mostly in the South, alleging the company committed a laundry list of illegal practices, like disabling borrowers’ cars, double-billing customers, and illegally repossessing cars.The bureau is seeking to get millions of dollars in refunds for thousands of USASF customers, as well as impose fines and penalties against the Georgia-based company. USASF is affiliated with U.S. Auto Sales, a dealership chain that sold used cars mostly to customers with low incomes or bad credit that operated a “buy here, pay here” business model at its 31 dealerships. U.S. Auto Sales mostly shut down its dealership operations in April, but USASF is still operating as the loan servicer for the company. The CFPB said that, since 2016, USASF illegally disabled borrowers’ cars using what are known as “kill switches,” which remotely disable a vehicle wh...

Pope Francis blasts ‘scandal’ of clergy sex abuse in Portugal and meets with survivors

Published Tue, 05 Nov 2024 03:46:50 GMT

LISBON, Portugal (AP) — Pope Francis met with survivors of clergy sexual abuse in Portugal on Wednesday and blasted members of the country’s Catholic hierarchy for their response to the long-ignored scandal, which he said had marred the Catholic Church and helped drive the faithful away.Francis dove head-on into the crisis roiling the Portuguese church on the first day of a five-day visit to Lisbon for the Catholic Church’s World Youth Day festival. His trip comes at a delicate moment for the Portuguese church; a panel of experts hired by Portugal’s bishops reported in February that priests and other church personnel may have abuse at least 4,815 boys and girls since 1950.The Vatican said Francis met with 13 abuse victims for more than an hour at the Vatican Embassy and characterized the pope’s role in the meeting as one of “intense listening.” The victims were accompanied by church personnel in charge of child protection programs.The encounter, which had been expe...

Police ‘engaged’ as Ottawa says video contains threat against Indian diplomats

Published Tue, 05 Nov 2024 03:46:50 GMT

Ottawa says law enforcement is “engaged” after a video circulating online appeared to threaten Indian diplomats in Canada.Public Safety Canada said in a Tuesday tweet that Ottawa will ensure the safety of all diplomats in Canada, but the department would not provide details.It referred queries to the RCMP, which refused to confirm whether it had opened a criminal probe or say which particular video was involved.Some Canadian Sikhs who advocate for the secession of a region in India have claimed that New Delhi was involved in the June death of a preacher near Vancouver, though police say they have no evidence of such a link.A month ago, Foreign Affairs Minister Mélanie Joly denounced posters accusing senior Indian diplomats of being “killers,” saying they were “unacceptable.”The issue has strained diplomatic relations between Canada and India as the two negotiate a possible trade agreement ahead of an expected visit by Prime Minister Justin Trudeau...