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Silicon Valley Bank is seized by US after historic failure

Published Fri, 07 Feb 2025 16:15:49 GMT

By KEN SWEET (AP Business Writer)NEW YORK (AP) — The U.S rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago. Silicon Valley, the nation’s 16th largest bank, failed after depositors — mostly technology workers and venture capital-backed companies — hurried to withdraw money this week as anxiety over the bank’s balance sheet spread. It is the second biggest bank failure in history, behind Washington Mutual.Silicon Valley was heavily exposed to tech industry and there is little chance of contagion in the banking sector similar to the chaos in the months leading up to the Great Recession more than a decade ago. The biggest banks — those most likely to cause a systemic economic issue — have healthy balance sheets and plenty of capital. In 2007, the biggest financia...

Class A boys state hockey semifinal: Mahtomedi downs Hermantown with last-minute goal

Published Fri, 07 Feb 2025 16:15:49 GMT

It may be time to mention Mahtomedi in the same breath as Hermantown when discussing Class A powers.The 2020 state champ upended the perennially-favored Hawks 2-1 in Friday’s semifinals, with Charlie Drage scoring the game winner with 48 seconds to play in St. PaulDrage skated into the zone with few options and a couple Hawks’ defenders in front of him. He decided to fire away from above the circles and found the back of the net for his 32nd goal of the tournament.Mahtomedi will skate in the Class A final Saturday at 12 p.m. back at Xcel Energy Center.Related ArticlesHigh School Sports | Class 2A state boys hockey quarterfinal: Gavyn Thoreson nets hat trick as Andover tops Lakeville South High School Sports | Class 2A state boys hockey quarterfinal: John Stout lifts Minnetonka past Hill-Murray in OT High School Sports | Class 2A boys hockey state quarterfinal: Edina 7, Moorhead 6, 2OT High School Sports | Class 2...

Downtown St. Paul will be busy this weekend. Here are ways to navigate it.

Published Fri, 07 Feb 2025 16:15:49 GMT

Motorists traveling into downtown St. Paul this weekend should be aware of likely traffic congestion.The Minnesota Boys Hockey State Tournament at the Xcel Energy Center, the “Let’s Play Hockey” and the “Show Me Reptile & Exotics” shows at the RiverCentre and Minnesota Roller Derby at the Roy Wilkins Auditorium all are scheduled for this weekend.It’s also worth keeping in mind that the National Weather Service is forecasting 2 to 4 inches of snow for Saturday.Xcel Energy Center officials also note that streets surrounding Rice Park will be closed Friday through Sunday. Those include Washington Street from Fifth Street to Kellogg Boulevard, and Fourth Street from Market Street to Washington Street.Those seeking parking should look to downtown parking ramps and lots, Xcel Energy Center officials said. For more information on parking go to the city of St. Paul’s website.Xcel Energy Center officials also offered these tips:• St. Paul has a f...

Chatham Provisions celebrates grand opening

Published Fri, 07 Feb 2025 16:15:49 GMT

GHENT, N.Y. (NEWS10) -- Chatham Provisions, a market that provides prepared meals and other local products, recently had its grand opening. The market is located at 2253 Route 66 in Ghent. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Chatham Provisions officially opened in November, but didn't have its grand opening with the Columbia County Chamber of Commerce until March 9. The market is owned by the Parillo Family and uses local ingredients from nearby farms.The menu includes fresh sandwiches, soups, and salads, along with prepared meals such as lasagna, meatloaf, and pot pies that are oven-ready. Local products include pasta, jarred items and beer. You can view the full menu on the Chatham Provisions website. Neighborhood Kitchen opens in Milton The market is open 11 a.m. to 6 p.m. Tuesday through Saturday, 11 a.m. to 3 p.m. on Sunday, and closed on Monday. You can stay up to date on the latest offerings on the Chatham Provisio...

Jewish communities set to celebrate Purim

Published Fri, 07 Feb 2025 16:15:49 GMT

ALBANY, N.Y. (NEWS10) -- Temple Sinai and the Schenectady JCC (SJCC) are preparing for the celebration of Purim. Known as the "Jewish Mardi Gras," Purim is a holiday that celebrates a biblical story about overcoming racism and oppression. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! Temple Sinai in Saratoga Springs is hositng its first Purim Carnival in three years due to COVID-19. The carnival will feature interactive games, dance parties, crafts, snacks, a photo-booth, prizes and more. Temple Sinai President Jerry Silverman comments, "Purim is a joyous celebration, especially for children, with a wonderful story, noisemakers, costumes, and fun. What better way to celebrate than with a carnival? We hope children and families from throughout the Saratoga Springs-Capital District area will attend our annual Purim Carnival and become a part of the merriment!"Wrist bands are $10 each for unlimited games and activities. Popcorn, cotton ...

Tonko praises South High Marathon Dance's $10M landmark

Published Fri, 07 Feb 2025 16:15:49 GMT

SOUTH GLENS FALLS, N.Y. (NEWS10) - Last weekend, students at South Glens Falls Senior High School raised $630,111 for families and organizations fighting cancers and other illnesses. In its 46th year, the South High Marathon Dance hit an important lifetime mark - over $10 million raised since the event's inception. Get all of the latest news, weather, sports, and entertainment delivered right to your inbox! On Friday, Congressman Paul Tonko gave that hard work a shoutout on the floor of the U.S. House of Representatives. The NY-20 representative commended student and faculty efforts and spirit to keep the goodwill flowing, and the dance going, year after year."The success of this marathon dance is proof of the remarkable things our students and young people can achieve. I had the honor of joining them last weekend, seeing firsthand their enthusiasm and their heart. United by music, dance and a resounding spirit of giving, these students demonstrate the power that lies in a love of...

Truck crash on U.S. 285 in Jefferson County foothills shuts down northbound lanes

Published Fri, 07 Feb 2025 16:15:49 GMT

A tractor-trailer crash with injuries has shut down northbound lanes of U.S. 285 in the foothills of Jefferson County.Initially both north and southbound lanes were closed between Parmalee Gulch Road and Colorado 8, according to the Jefferson County Sheriff’s Office.The southbound lanes have reopened, the Colorado Department of Transportation announced at 12:34 p.m. Thursday.A semi-cab rolled and landed on its roof. Authorities and the Inter-Canyon Fire Department are on the scene.Plan for delays #TrafficAlert Both directions of Hwy 285 are closed between Parmalee Gulch Rd and Hwy 8 due to a tractor trailer crash with injuries. https://t.co/TlyGhSbVId— Jeffco Sheriff (@jeffcosheriffco) March 10, 2023Two patients were extricated from the crash and taken to hospitals, according to a tweet from the Inter-Canyon Fire Protection District.A hazardous materials crew is working at the crash site, the CSP said. Drivers should expect long delays, alternate routes are advised and t...

‘Mandalorian’ creator Jon Favreau pitches new Star Wars ride for Disneyland

Published Fri, 07 Feb 2025 16:15:49 GMT

If Walt Disney Imagineers were ever considering building a “Mandalorian”-based ride at Disneyland, series creator Jon Favreau has some ideas for them.During an interview with IMDB, Favreau revealed details about his ideal ride should Disney decide to build one at Star Wars: Galaxy’s Edge land at Disneyland.“I’d probably do something that’s very immersive. I’d probably do something with haptics worked in. I’d probably use assets that we use in the Volume," Favreau told IMDB, referencing the "curved cocoon of glowing LED screens" used to help create "The Mandalorian."Haptics technology can replicate an experience of touch by applying forces, vibrations and motions. The attraction would also center around the Razor Crest spacecraft, which served as transportation and living quarters for Mandalorian bounty hunter Din Djarin and Grogu — aka Baby Yoda — in the Disney+ series.The spacecraft was eventually destroyed in the second season of the show.Actress Katee Sackhoff, who plays Bo-Katan...

Man Killed in Pedestrian Crash on 210 Freeway [Sylmar, CA]

Published Fri, 07 Feb 2025 16:15:49 GMT

Man Fatally Struck in Pedestrian Collision near Hubbard StreetSYLMAR, CA (March 10, 2023) – Early Friday morning, a man was killed in a pedestrian crash on 210 Freeway near Hubbard Street.The incident occurred on February 17th, at around 6:15 a.m., in Slymar.At this time, the events leading up to the collision remain unclear. However, reports indicate that the driver of a vehicle struck a pedestrian in the area.Medical personnel arrived and pronounced the pedestrian dead at the scene. Although, authorities have not yet released his identity.It was also not stated if the involved driver stayed at the site of the incident or fled the scene.Sylmar Officials closed the eastbound lanes of 210 Freeway until late Friday morning to conduct an investigation.In this sorrowful time, the Sweet James team would like to extend their heartfelt condolences to the friends and family of the victim. May the memories of your loved one give you strength and comfort in the difficult days ahead.Losi...

Armando Vega, Maria Cruz Alvarez, Jesus Vega Cruz Killed in Two-Vehicle Crash near Orange Avenue [Stanislaus County, CA]

Published Fri, 07 Feb 2025 16:15:49 GMT

Mario Estrada, Amy Gaspar Injured In Two-Vehicle Accident near Elm AvenueSTANISLAUS COUNTY, CA (March 10, 2023) – Monday afternoon, Armando Vega, Maria Cruz Alvarez, and Jesus Vega Cruz were killed in a car crash.The deadly incident happened on March 6th, at around 2:20 p.m., in the area near Orange Avenue and Elm Avenue.According to reports, a 2020 Dodge Ram truck was traveling eastbound of Orange Avenue when it ran a stop sign. As a result, the pickup truck drove into the path of a 2012 Dodge SUV and they collided. The impact of the collision left the five occupants of the vehicles with serious injuries.Emergency crews arrived the site of the crash shortly after. Medics transported the occupants of the Ram, 20-year-old Mario Estrada and 20-year-old Amy Gaspar, to a local hospital for treatment.Meanwhile, officials pronounced 56-year-old Armando Vega, 58-year-old Maria Cruz Alvarez and 26-year-old Jesus Vega Cruz dead at the scene.The Sweet James team sends their sincere symp...