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Silicon Valley Bank’s collapse undercuts key engine of Bay Area economy

Published Wed, 25 Dec 2024 06:52:33 GMT

The collapse of Silicon Valley Bank has stripped the Bay Area’s startup industry — a key driver of the region’s economy — of a crucial source of funding that for decades has fueled innovation and growth.  “The failure of Silicon Valley Bank leaves an enormous void,” said Ahmad Thomas, CEO of the Silicon Valley Leadership Group, a business-backed policy and advocacy organization. “Looking at their role in lending to startups, where funding wasn’t otherwise available, this has driven economic growth here for 40 years.”The startup-focused institution headquartered in Santa Clara imploded Friday after a bank run sparked by news of losses in its investments. The California Department of Financial Protection and Innovation shut the bank down and appointed the Federal Deposit Insurance Corporation as receiver to hold its assets for future sale.Before it went under, Silicon Valley Bank said it provided banking services for nearly half Am...

Maine lobster industry groups sue Monterey aquarium

Published Wed, 25 Dec 2024 06:52:33 GMT

By Patrick Whittle | Associated PressPORTLAND, Maine — A coalition representing the Maine lobster industry is suing an aquarium on the other side of the country for recommending that seafood customers avoid buying a variety of lobster mostly harvested in their state.Industry groups including Maine Lobstermen’s Association are suing the Monterey Bay Aquarium in California for defamation, arguing in a lawsuit filed Monday that their prized catch shouldn’t be on a “red list” published by Seafood Watch, a conservation program it operates.Last year, Seafood Watch put lobster from the U.S. and Canada on its list of seafood to avoid due to the threat posed to rare whales by entanglement in fishing gear used to harvest American lobster, the species that makes up most of the U.S. lobster market.Endangered North American right whales number only about 340 and they’ve declined in recent years.But the lobster industry is arguing to the U.S. District Court in Maine that the aquarium&...

Teen rescued from suspected sex trafficker in San Pablo

Published Wed, 25 Dec 2024 06:52:33 GMT

PINOLE, Calif. (KRON) -- A man was arrested on suspicion of human trafficking of a minor in San Pablo Wednesday, according to the Pinole Police Department. Two students arrested for knives on campus days after fatal student stabbing at MHS After midnight on Wednesday, PPD received a report that a 16-year-old runaway was possibly being sex trafficked by a man in at a house in Pinole. Officers went to the house, but they were not able to find the minor. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News SIGN UP NOW The Criminal Investigation Division was able to find the minor at a house in San Pablo. The minor was at the house with an 18-year-old man. Investigators interviewed the minor with the Contra Costa County District Attorney's Office Human Trafficking...

2 dead, 9 injured after truck hits pedestrians in Quebec

Published Wed, 25 Dec 2024 06:52:33 GMT

TORONTO (AP) — Two men died Monday after a pickup truck plowed into pedestrians beside a road in the eastern Quebec town of Amqui, although a senior Canadian official rapidly ruled out a terrorism attack or a national security incident.A provincial police spokeswoman said nine other people were injured, including two whose injuries are considered serious.Sgt. Hélène St-Pierre said the 38-year-old driver, a local resident, turned himself in to police and was arrested under suspicion of committing a fatal hit and run.A senior government official familiar with the matter said the incident was not terrorism or national security related. The official spoke on condition of anonymity as they were not authorized to speak publicly on the matter. Authorities had not mentioned any motive. St-Pierre said the two people killed were both men, one in his 60s and the other in his 70s. Among the injured, two suffered serious injuries and the other seven were being evaluated, she said.St-Pierre said ...

Por qué la frontera norte de EE.UU. ahora tiene una inmigración récord

Published Wed, 25 Dec 2024 06:52:33 GMT

Champlain, Nueva York (CNN) — En una nevada tarde de marzo, un pequeño convoy de taxis y vehículos de alquiler se dirigía hacia el norte por una carretera rural de Nueva York que termina en la frontera con Canadá. Entre los pasajeros había una familia nigeriana de cinco miembros, un hombre ruso que viajaba solo y una sudamericana llamada Giovanna.“Tengo muchos sentimientos encontrados por este momento, porque tuve que dejar atrás a mi familia”, dijo en español a CNN una temblorosa Giovanna al salir de su taxi frente al paso fronterizo no oficial de “Roxham Road”, tristemente famoso por un capricho de la diplomacia y la planificación urbana que permite a alguien conducir hasta la frontera y entrar ilegalmente en Canadá, en lugar de ser rechazado.La madre colombiana se encuentra entre el flujo aparentemente interminable de migrantes que desde 2017 se han visto atraídos por este gélido tramo más septentrional de Estados Unidos, con la intención de cruzar l...

US Soccer: Berhalter eligible to coach after investigation

Published Wed, 25 Dec 2024 06:52:33 GMT

NEW YORK (AP) — Gregg Berhalter remains a candidate to stay on as the U.S. men’s national team coach after a report by a law firm determined he did not improperly withhold information about a 1992 domestic violence allegation involving the woman who later became his wife.The report, released publicly Monday by the U.S. Soccer Federation, also concluded that Berhalter’s conduct “likely constituted the misdemeanor crime of assault on a female.”Berhalter’s contract expired on Dec. 31 and Anthony Hudson, one of his assistants, was appointed interim coach on Jan. 4. The coaching decision will be made after a new sporting director is hired.“Me and my wife, Rosalind, respect the process that U.S. Soccer went through,” Gregg Berhalter told The Associated Press in a telephone interview from Britain. “We look forward to what is next.”“I’m open to all options,” he added. “It’s a job that interests me, and I’m keeping all options open.”The firm Alston and Bird was retain...

'Unusual pink coloring' seen in treated water sent into Clear Creek

Published Wed, 25 Dec 2024 06:52:33 GMT

IDAHO SPRINGS, Colo. (KDVR) -- An "unusual pink coloring" was discovered Monday morning in treated water being sent into Clear Creek.The discovery was made by a staff member at the City of Idaho Springs Resource Reclamation Facility.The city said in a release the source of the pink coloring is unknown. However, it was introduced into the facility by the city's sewer collection system. Family of King Soopers shooting victim sues gun manufacturer Ruger The discovery was made during daily water sampling, and after samples were analyzed at the facility, the city said no abnormal results were found.It was reported to the Colorado Department of Public Health and Environment. An investigation to determine the cause of the pink coloring was also launched.No adverse effects have been reported in Clear Creek, but staff will continue to monitor the situation, the release said.

Denver weather: From 60s to snow this week

Published Wed, 25 Dec 2024 06:52:33 GMT

DENVER (KDVR) — Denver's weather will reach the 60s on Tuesday with a chance for snow moving in later in the week.Weather tonight: Calm, quietIt will be a quiet night of weather on the Front Range, with overnight lows dropping to the low 30s in most places. Skies will be partly cloudy to mostly clear. Weather tomorrow: Warming upTuesday's high temperatures will hit the mid-60s in Denver, running about 10 degrees above the average high temperature of 55 degrees for this time of the year. Along with mild temperatures, there will be partly cloudy skies and dry conditions. Looking ahead: Snow chance Thursday Wednesday will stay warm with a forecast high temperature of 68 degrees. There is potential for some places on the Front Range and plains to hit the low 70s. Snow showers will spread east across the mountains on Wednesday, with rain showers reaching the Front Range Wednesday evening. The rain will change over to snow early Thursday morning, with scattered snow showers continuing on ...

Rain, snow arrives in Mass. as nor’easter sets in

Published Wed, 25 Dec 2024 06:52:33 GMT

Rain and snow began to move across Massachusetts Monday evening as communities across the state complete final preparations for an expected daylong nor’easter ramping up overnight. The storm was mainly dropping rain as of around 6 p.m., though some snow was falling in parts of Worcester County and western Massachusetts.Snow is expected to gradually replace rain overnight, pushing from west to east to communities around Worcester by 6 a.m. Tuesday. While snowing in the west, continuing rain will make for a wet morning commute east of I-495 into Boston. RELATED: Nor’easter UpdateSnow will push across the rest of the state through the morning, moving through the Merrimack Valley before midday and getting into Boston by the early afternoon. Almost all of Massachusetts is expected to be seeing some form of snow before 6 p.m. Tuesday.While likely not seeing intense snowfall rates of 1 or 2 inches per hour, snow will likely be falling steadily in many locations for several hours befor...

Beverly Fire Department donates fire truck to help first responders in Ukraine

Published Wed, 25 Dec 2024 06:52:33 GMT

The Beverly Fire Department sent support to Ukraine this week, donating one of its firetrucks to help first responders within Ukraine as the war in their country rages on. Massachusetts Fire Engine Six began its journey on Monday. Beyond Beverly, several other Massachusetts fire departments are also donating equipment. Beverly’s fire chief said its truck was used within Massachusetts for about 20 years. Now, he said he hopes it will help people in Ukraine. “For me, it was a real fitting way for it to go out,” Chief Peter O’Connor said. O’Connor said trucks often get sold at auction. “[T]hey might sit in a parking lot and just rust away,” O’Connor said. O’Connor said this alternate option marked a chance to see Beverly’s truck continue to help beyond its serviceable life in town. The fire truck is being shipped to Ukraine by a non-profit group.