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Fed slashes interest rates in first cut since 2020

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www.youtube.com – KHOU 11 – 2024-09-18 16:24:17

SUMMARY: The Federal Reserve has unexpectedly cut interest rates by half a percentage point, reducing the benchmark rate to 4.75%, to support the economy and combat rising unemployment. This move follows a significant drop in inflation, from 9.1% in 2022 to 2.5%. While the cut aims to help borrowers, such as those seeking mortgages or car loans, the immediate effects may be slow to materialize, particularly with current high rates for used cars and credit cards. The Fed anticipates further rate reductions in the coming years, signaling a commitment to enhancing economic strength and stability.

Inflation has plummeted from a peak of 9.1% in June 2022 to 2.5% last month, not far above the Fed’s 2% target.

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Heights homeowner says CenterPoint contracted crew damaged historic house, causing it to fall apart

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www.youtube.com – KPRC 2 Click2Houston – 2024-11-24 14:06:47

SUMMARY: A homeowner in the Norhill Historic District claims his Cypresswood house is falling apart due to damage caused by a contractor working for CenterPoint. In 2022, a contractor accidentally hit a support pier while installing an underground gas line, leading to cracks and structural issues in the home. The homeowner, Ray Schneider, says the damage was covered up immediately, and attempts to file a claim with the contractor have been denied. Estimated repair costs exceed $30,000, not including the pier repair. CenterPoint has acknowledged the situation and is working to resolve the matter with the contractor.

A homeowner says his house that’s more than 100 years old is falling apart, and it’s not because of old age.
Instead, he says it’s because a CenterPoint contractor damaged it while trying to install an underground gas line.

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Texas Board of Education passes Bluebonnet Learning curriculum | Texas

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www.thecentersquare.com – By Bethany Blankley | The Center Square contributor – 2024-11-24 10:18:00

SUMMARY: The Texas State Board of Education approved the Texas Education Agency’s Bluebonnet Learning proposal, passing by an 8-7 vote. This initiative introduces new math and language arts curricula for K-8 students and provides resources for teachers. Governor Greg Abbott commended the decision as vital for enhancing education standards. The materials, which are provided voluntarily and at no cost, aim to improve student outcomes while offering additional funding to school districts that adopt them. However, some opponents, including the American Federation of Teachers-Texas Chapter, criticized the curriculum’s content and the ethical implications of funding preferences based on adoption.

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Texas to accept water from Mexico but demands it follow terms of treaty | Texas

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www.thecentersquare.com – By Bethany Blankley | The Center Square contributor – 2024-11-24 10:12:00

SUMMARY: Texas Gov. Greg Abbott has directed the Texas Commission on Environmental Quality to accept water from Mexico’s San Juan River, following an agreement ensuring water deliveries to the Rio Grande Valley. Abbott raised concerns over Mexico’s compliance with the 1944 Water Treaty, emphasizing that the 120,000 acre-feet offered is insufficient compared to the 1.75 million acre-feet Mexico is obligated to deliver. Texas is facing a projected water deficit of 1.3 million acre-feet by October 2025. Both parties have long urged the federal government to hold Mexico accountable for treaty violations, which have significantly impacted the agricultural sector in the region.

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