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Here's how you can save some money

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www.youtube.com – CBS Miami – 2024-09-19 17:04:43

SUMMARY: This week, the Federal Reserve cut interest rates by half a percentage point, potentially affecting personal finances. While this change may not automatically result in savings, it offers opportunities for individuals to reassess their financial situations. Many, like Miami resident Fabiani Crespo, struggle with high living costs despite earning a substantial salary. Investment banker Jim Cassell suggests using this rate cut to refinance loans, including student debt and mortgages, which can lead to significant savings. Homeowners could lock in lower mortgage rates, potentially saving thousands annually, while consumers should explore debt consolidation and negotiate lower credit card rates.

One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money on loans, credit cards and mortgages.

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News from the South - Florida News Feed

Why did at least 67 people die in Christmas charity stampedes in struggling Nigeria?

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www.local10.com – Chinedu Asadu, Associated Press – 2024-12-22 10:17:00

SUMMARY: In a tragic week, stampedes at Christmas charity events in Nigeria resulted in at least 67 deaths, primarily of children, amidst a severe cost-of-living crisis. In Oyo state, 35 children died, while 22 perished in Anambra and 10 in Abuja, where over 1,000 attendees sought food and clothing. Rising inflation at a 28-year high and 63% of the population living in poverty drive desperation for aid. The lack of security measures at events has been criticized, with calls for better organization to prevent future tragedies. President Bola Tinubu urged enforcement of stricter safety protocols for such gatherings.

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News from the South - Florida News Feed

☀️ Counties with the worst droughts in Florida

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www.clickorlando.com – Stacker – 2024-12-22 04:00:00

SUMMARY: As of October 2023, Florida faces significant drought conditions, with 69.8% of the state abnormally dry and 29.2% in drought (ranking #32 nationally). The report highlights various counties: Suwannee (88% abnormally dry, 12.1% in moderate drought), Hamilton (76.1% abnormally dry, 21.3% in moderate drought), and larger concerns in counties like Franklin, Gadsden, and Santa Rosa, where over 97% of the area is in moderate drought. Conversely, counties such as Duval and Nassau show moderate drought figures around 45%. Overall, severe drought is absent statewide, but many areas experience severe moisture deficits.

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Former Palatka city manager accused of concealing business ties in land deal

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www.news4jax.com – Khalil Maycock – 2024-12-21 21:42:00

SUMMARY: An investigation into former Palatka interim city manager Jonathan Griffith revealed he concealed business relationships while in office. The report indicated that his financial interests were enhanced by actions taken by a city Commission kept unaware due to misleading information. A controversial land swap involving “River Center” and “Port Consolidated” raised questions, as Griffith had undisclosed ties to a firm involved in the deal. Blue Crab Development purchased properties for $1.3 million, while the city transferred property valued at $1.6 million. The investigator concluded Griffith intentionally misrepresented his interests, prompting concerns about ethical governance.

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