News from the South - Arkansas News Feed

Finance professor says people should be 'cautiously optimistic' about Fed rate cut

Published

3 months ago

September 19, 2024

www.youtube.com – 40/29 News – 2024-09-19 11:47:25

SUMMARY: The Federal Reserve has announced its first interest rate cut in four years, lowering rates by half a percentage point, signaling a shift in its approach to combating inflation, which has decreased significantly since its peak in 2022. This rate reduction could alleviate high borrowing costs for Americans on mortgages and credit cards. Local finance experts suggest that while immediate benefits might be subtle, businesses may find themselves with more capital for expansion, potentially leading to job creation as unemployment rises. A finance professor advises cautious optimism regarding the long-term effects of this rate cut on the economy.

U of A economic expert explains impact of key interest rate on businesses and jobs

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News from the South - Arkansas News Feed

NWA elected officials compete in Salvation Army’s ‘Mayoral Ring Off’

Published

2 days ago

December 19, 2024

Staff Editor

www.youtube.com – 40/29 News – 2024-12-19 18:17:50

SUMMARY: The lighting of a giant menorah, festive food, candy, and classic Hanukkah music marked a special event in Northwest Arkansas. Seven mayors, including Doug Sprouse, participated in the annual “Mayoral Ring Off” with the Salvation Army, competing to raise funds for the organization. Other local leaders from Bella Vista, Centerton, Little Flock, Rogers, Bentonville, and Benton County also joined in. The money raised supports the Salvation Army’s year-round operations. Mayor Sprouse emphasized the ongoing need for community support, especially during the holiday season, and pledged continued participation in future events.

NWA elected officials compete in Salvation Army’s ‘Mayoral Ring Off’

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News from the South - Arkansas News Feed

Luigi Mangione extradited to New York

Published

2 days ago

December 19, 2024

Staff Editor

www.youtube.com – THV11 – 2024-12-19 17:39:56

SUMMARY: Luigi Mangione, accused of killing United Healthcare CEO Brian Thompson in Midtown Manhattan, arrived in New York to face multiple charges, including murder, stalking, and terrorism. Federal prosecutors have added charges, citing the crime’s intent to instill fear and influence government. Mangione’s defense argues these federal charges raise constitutional concerns. The shooting, which sparked anger toward the healthcare system, has led to some public support for Mangione, while New York Mayor Eric Adams condemns the violence. Mangione, arrested in Pennsylvania, now faces potential federal death penalty charges, though prosecutors have not confirmed whether they will pursue them.

The suspect in the death of UnitedHealthcare CEO Brian Thompson arrived in New York to face multiple charges

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News from the South - Arkansas News Feed

‘Statistics are staggering’: Domestic violence during pregnancy under spotlight after Fort Smith …

Published

3 days ago

December 19, 2024

Staff Editor

www.youtube.com – 40/29 News – 2024-12-19 10:54:52

SUMMARY: An 18-year-old pregnant woman was shot multiple times by her ex-boyfriend, Erick Luna-Chavez, on MacArthur Drive in Fort Smith. She is 32 weeks pregnant and both she and the baby are expected to survive. Luna-Chavez, arrested and facing felony charges, reportedly broke into the woman’s home before the shooting. Domestic violence against pregnant women is a growing concern, with recent studies showing alarming statistics. Local shelters, including the Crisis Intervention Center in Fort Smith, provide vital support to victims, though availability is limited. The prosecutor explains Luna-Chavez isn’t charged with attempted murder due to parole considerations.