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Slower rate hikes, holiday deals



WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time. The central bank’s policymakers saw “very few signs that inflation pressures were abating.” Still, a “substantial majority″ of the officials felt that smaller rate hikes “would likely soon be appropriate,” according to the minutes of their Nov. 1-2 meeting. The Fed is widely expected to raise its key short-term rate, which affects many consumer and business loans, by a half-point when it next meets in mid-December.


$740M in crypto assets recovered in FTX bankruptcy so far

NEW YORK (AP) — The company tasked with locking down the assets in the failed cryptocurrency exchange FTX said they’ve managed to recover and secure $740 million in assets so far, a fraction of the potential billions that is likely missing from bankrupt company’s coffers. The numbers were disclosed on Wednesday by cryptocurrency custodial company BitGo, who FTX hired in the hours after the company filed for bankruptcy on November 11.


Shoppers hunt for deals but inflation makes bargains elusive

NEW YORK (AP) — Consumers holding out for big deals — and some much-needed relief from soaring costs on just about everything — may be disappointed as they head into the busiest shopping season of the year. While retailers are advertising sales of 50%, 60% and 70% off everything from TVs to gadgets, many items will still cost more than they did last year because of inflation and finding a true bargain may prove to be a challenge. From September through October, shoppers paid roughly 18% more for electronics and appliances than they did a year ago, according to analytics company DataWeave. For toys, they paid nearly 3% more. ___

Small businesses, and shoppers, return to holiday markets

NEW YORK (AP) — On a recent evening in early November shoppers at the Bryant Park holiday market in New York City were in the holiday spirit well before Black Friday. The scent of pine wafted from candle sellers’ booths, people snapped up gingerbread cookies and hot cider and ice skaters swirled figure eights around the rink in the center of the market. After two years of pandemic holidays when people spent more dollars online, shoppers are back in force in stores and at holiday markets. Small businesses say it’s beginning to feel a lot like Christmas, both emotionally and financially. ___

Protesting workers beaten at Chinese iPhone factory

BEIJING (AP) — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. Foxconn is struggling to fill orders for the iPhone 14 after thousands of employees walked away from the factory in the central city of Zhengzhou last month following complaints about unsafe working conditions. China’s status as an export powerhouse is based on factories like Foxconn’s that produce the world’s consumer electronics, toys and other goods. The ruling Communist Party is trying to contain the latest wave of outbreaks without shutting down factories and the rest of its economy as it did in early 2020.


Stocks gain ground on Wall Street ahead of US holiday

NEW YORK (AP) — Stocks closed higher on Wall Street following the release of the minutes from the Federal Reserve’s most recent policy meeting, which showed Fed officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6% Wednesday, the Nasdaq added 1% and the Dow climbed 0.3%. Deere rose after the equipment maker reported higher earnings than analysts were expecting. Long-term Treasury yields were slightly lower. Oil prices fell, European markets closed mostly higher and Asian markets closed mixed overnight. U.S. markets will be closed Thursday for Thanksgiving and will close early on Friday.


Unemployment claims rise to 240,000, highest since August

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level since August but still remained low by historic standards. The Labor Department reported Wednesday that 240,000 people applied for jobless aid last week, up by 17,000 from the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by 5,500 to 226,750. Applications for unemployment benefits are a proxy for layoffs and the current low levels shows that American workers enjoy extraordinary job security.


Nigeria hopes new currency notes curb inflation, corruption

ABUJA, Nigeria (AP) — Nigeria has unveiled newly designed currency notes that the West African nation’s central bank says will help curb inflation and money laundering. At the unveiling of the notes Wednesday, Central Bank of Nigeria Gov. Godwin Emefiele said the new notes of higher denominations of 200, 500 and 1,000 naira also would drive financial inclusion and economic growth. But experts are skeptical about such results in a country that has battled chronic corruption for decades, with government officials known to loot public funds that has caused more hardship for the many struggling with poverty. Nigeria’s currency hasn’t been redesigned in 19 years, and the new initiative is the latest by policymakers in their quest for a cashless and more inclusive economy.


The S&P 500 rose 23.68 points, or 0.6%, to 4,027.26. The Dow Jones Industrial Average added 95.96 points, or 0.3%, to 34,194.06. The Nasdaq gained 110.91 points, or 1%, to 11,285.32. The Russell 2000 index of smaller companies advanced 3.08 points, or 0.2%, to 1,863.52.

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Medford man facing charges for assault and battery with a weapon for incident at South Station




A Medford man is facing charges for assault and battery with a dangerous weapon at South Station.

According to MBTA police, officers responded to a call on Friday morning for a report of an assault in progress.

When officers arrived to the scene, they located a male who had sustained a slashes to his face.

Witnesses at South Station pointed out another male, later identified as Hocine Lounici, 38, of Medford as the attacker.

Witnesses say they saw a verbal dispute between the two men when suddenly Lounici began to attack the victim with some instrument.

Officers stopped Lounici and determined he was responsible for the victim’s injuries.

Lounici was placed into custody and transported Transit Police.

The victim was transported to a local area hospital for a non life threatening injury to his face.

This is a developing story. Check back for updates as more information becomes available.

Download the FREE Boston 25 News app for breaking news alerts.

Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW

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Readers sound off on Jewish lineage, Iranian protesters and leafy litter – New York Daily News




Cedarhurst, L.I.: In your latest piece of half-truths and drivel, you state that Matthew Mahrer is a Jew, the grandson on his father’s side of a man who is a Holocaust survivor. Had you taken the time to Google what defines one’s Jewish lineage, it would have informed you that Judaism is passed through the mother-to-child process. Unless his mother and her mother before her were Jewish, Mahrer definitely is not.

Matthew Mahrer

The saddest and most damaging message of all, one that now serves the evil ideology we call modern-day justice and democracy, the one that has elevated those who excuse and explain away every kind of crime under the heading that these criminals are mentally ill and should be coddled and cared for in spite of their criminal actions. Their victims suffer yet again as blind Lady Justice lets their tormentors go free and clear.

We have fallen so low as a nation and as a people who once exemplified to the world the beauty and honor of the American way of life. It is difficult to even relate how far we have fallen. I recall The News once being a great newspaper and imparter of unbiased reporting — honest and truthful conveyors of news. Today, sadly, you have become a large part of what ails us as opposed to being a vehicle for bringing us the truth — instead of unbiased and unembellished purveyors of the truth serving to heal and bring us together. Rachel Bluth

Manhattan: I opened my edition of the Thanksgiving paper thinking that at last, we’ll have some good news. Page 2 did have photos of the Macy’s Thanksgiving balloons, but all the rest of the paper (except for the cartoons and sports) had the usual parade of violent attacks and murders. Yes, I realize that is part of the news, but at least on Thanksgiving, couldn’t you find positive stories about good people? And cute children and animals? We do need some good news and the Thanksgiving edition would have been the perfect one to feature positive stories. Suzanna Deutsch

Princeton, N.J.: Crime in New York City is out of control. Businesses are leaving, brazen shoplifting is common, people are being pushed onto subway tracks and, most importantly, the murder rate is frightening. Charles Winfield

Brooklyn: I think crime is the worst problem we have right now in NYC. It is the reason my friends and I have seriously cut back on our trips into Manhattan to see Broadway shows, visit museums and do other activities. But the crime issue is not only guns. As we’ve seen, knives and being pushed or punched can also be disastrous. Much of this is due to anger and mental illness, which must be dealt with. And that again brings up the question: What happened to the nearly $1 billion of ThriveNYC money intended for this purpose? Louise Veneroni

Newton, N.J.: Kyrie Irving has a constitutional right to freedom of speech, distasteful as it may be. He also has a constitutional right to act like a total jerk if he wants. However, Irving does not have a constitutional right to play in the NBA, and I challenge his apologists to demonstrate otherwise. By the way, I’m not Jewish. Michael Schnackenberg

Southport, Conn.: In 2018, Kyrie Irving said, “The Earth is flat.” He was not joking. Since my 5-year-old and 3-year-old sons both know that Kyrie is wrong about the shape of the Earth, why would we listen, let alone care, about his thoughts on the Jewish people? My family is Jewish, and if Kyrie thinks that Jews cause all of the problems on his flat planet, that is his right. And if he also believes that the moon landing was faked, the Holocaust never took place, Bigfoot is real and King Charles is a vampire, Kyrie is entitled to his uneducated opinions. Andrew Ginsburg

The Daily News Flash

The Daily News Flash


Catch up on the day’s top five stories every weekday afternoon.

Washington: On Tuesday, the Iranian team will play against the United States in the World Cup. This is the time to show solidarity with the Iranian protesters, as the American soccer players can afford to express their position freely, unlike the Iranian team. Some people may say that sports should not be politicized. Yet, this would be showing empathy and comradeship. It would put into practice the values that sports teach. Athletes in the U.S. have been kneeling in several matches. It would not make sense that during a match with Iran, the same athletes would not stand for human rights, in support of the people of a country that are dying for freedom. The U.S. team should find the confidence and courage to show that the people in the West are not indifferent. Anna Mahjar-Barducci

Rosedale: Re Mike Lupica’s “Zach it up!” (column, Nov. 20): There is a team from this country with a real chance of having the whole country get behind it. It’s the U.S. Women’s National Soccer Team, the current reigning, two-time World Cup champions. Wouldn’t it have been great if Lupica had spoken about us getting behind this team the way Brazil, England, Argentina, etc. do for their teams? Shirley Jordan

Elizabeth, N.J.: Somehow I do not see the compatibility of Hamas, Taliban and Whoopi Goldberg. Somehow the name Goldberg does not fit with an uncertainty about whether or not the Taliban and Hamas are terrorist groups. These yentas on “The View” need to be better educated before they comment on either the Holocaust or the survival of Israel. Let them visit Yad Vashem in Israel and Auschwitz, Treblinka and Majdanek in Europe. Joel M. Glazer

Manhattan: In a week of many outrages, Mayor Adams added to the list. He appointed a retired female dispatcher with whom he lived for a while to be in charge of police morale and mental health for a salary of about $250,000 a year with benefits galore. The words “corruption” and “incompetence” came to mind. The words “in the public interest” do not. This appointment should be challenged. Frankie Turchiano

Brooklyn: Former President Donald Trump, also known as a genius, announced his candidacy. He’s the right guy for the right job to bring economic and social change, as the criminals will be shuttled to jail for decades for their crimes. We will not be comfortable if he’s not elected. I can’t think of a more suitable guy to be the leader of our Free World. Raquel Hanon

Bellerose: I have heard from a number of people that our fellow residents in New York are somewhat rude. Well, I disagree. We have been through a lot because of the COVID-19 pandemic. Many of us have lost loved ones and been sick ourselves. Our doctors, nurses, EMS workers, police, firefighters and the rest of our first responders helped us get through this and still do and need our praises. In my opinion, we are not grinches — many of us have tried to help our neighbors in need. I have lived in New York most of my 73 years and have tried to help others. As we approach the holiday season, let’s offer a friendly smile and a hello to all we meet. Our lives can only be defined by what we share with others who are in need of acts of kindness. Frederick R. Bedell Jr.

Maspeth: Our block had the tree-trimming group (seven people) come through. Even equipped with a leaf blower, brooms, etc., they left a horrendous mess in their wake. I asked the supervisor (a guy who sat around with a clipboard) if they were going to clean up the assorted branches that were strewn across the street and sidewalk. He said, “I’ll ask them.” Excuse me! Isn’t that part of their job, especially if they make the mess? Needless to say, nothing was done about it. Nice to know these people are earning their exorbitant pay with the least amount of effort. What a racket! Veronica Kwiecinski

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Overnight News Digest





Welcome to the Overnight News Digest with a crew consisting of founder Magnifico, regular editors side pocket, maggiejean, Chitown Kev, eeff, annetteboardman, jck, Rise above the swamp, and Besame. Alumni editors include (but are not limited to) Man Oh Man, wader, palantir, Patriot Daily News Clearinghouse (RIP), ek hornbeck (RIP), ScottyUrb, Interceptor 7, Neon Vincent, Doctor RJ, BentLiberal, Oke (RIP) and jlms qkw.

OND is a regular community feature on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary. Editors of OND impart their own presentation styles and content choices, typically publishing each day near 12:00 AM Eastern Time.

Please feel free to share your articles and stories in the comments.

Images of the week, from The Guardian, of wildlife (also from The Guardian), of rewilding bears in Italy (last one from The Guardian), and of Asia from the AP, via the San Diego Union-Tribune.

Above the fold a few interesting stories on crime and corruption. Below the fold the rest of the world news.

We begin with this from Reuters:

Malawi’s Anti-Corruption Bureau has arrested the country’s Vice President Saulos Klaus Chilima over graft allegations who is expected to be charged with three counts of corrupt practices by a public officer, among other charges.

From NDTV (Agence France-Presse):

Cardinal Becciu was removed from office and stripped of his cardinal privileges amid a scandal over the Vatican’s loss-making purchase of a luxury London property and misuse of Church funds.

A senior cardinal on trial for fraud secretly taped a conversation with Pope Francis where he asked the pontiff to confirm he had approved some secret financial transactions, it emerged Friday.

The existence of the recording, made in July 2021, just days before the trial of Cardinal Angelo Becciu began, emerged at a hearing on Thursday and a transcript was later published by Italian media.

From NextShark (via Yahoo! News):

‘Squid Game’ star O Yeong-su indicted for sexual misconduct in Korea

Michelle De Pacina

“Squid Game” star O Yeong-su has been indicted on sexual misconduct charges in South Korea.

The 78-year-old actor was indicted on Thursday and released without detention after being accused of inappropriately touching a woman’s body in 2017.

From CBS News:

Thieves who broke into a southern German museum and stole hundreds of ancient gold coins got in and out in nine minutes without raising the alarm, officials said Wednesday, in a further sign that the heist was the work of organized criminals.

Police have launched an international hunt for the thieves and their loot, consisting of 483 Celtic coins and a lump of unworked gold that were discovered during an archeological dig near the present-day town of Manching in 1999.

From the Washington Post:

A Hong Kong court on Friday found Cardinal Joseph Zen, the most outspoken senior Roman Catholic cleric in the city and its bishop emeritus, guilty of failing to properly register a now-defunct humanitarian fund.

The verdict came after Zen’s arrest in May, along with the arrest of four other people. Under a 2020 national security law that Beijing imposed to stifle dissent, all were accused of colluding with a foreign entity while trustees of the 612 Humanitarian Relief Fund.

From the Independent (UK):

Everything wrong with the Qatar World Cup

From the deaths of migrant workers and discriminative LGBTQ laws to exploitation and corruption, Miguel Delaney reports on the true cost of the World Cup

Out of the many facts and figures circulated about Qatar’s problems, there is one realisation that should stand above everything. It is a disgrace that, in 2022, a country can host a World Cup where it has lured millions of people from the poorest countries on earth – often under false pretences – and then forced them into what many call “modern slavery”.

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