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Stan Choe, AP Business Writer NEW YORK (AP) – U.S. stocks are drifting down lower, but the value of U.S. bonds and dollars have fallen sharply Monday following the latest reminder that appears to be surged towards an unsustainable mountain of debt. The S&P 500 was 0.4% lower in morning trading after Moody’s ratings became the last of three major credit rating agencies. The Dow Jones industrial average was 38 points (down 0.1%) as of 10:05am Eastern time, while Nasdaq’s composites were 0.6% lower. Moody’s pointed out how the US government borrows more and more money to pay for it.…

MIAMI (AP) – Antonio Brown was temporarily taken into custody by police early Saturday after an argument in which gunshots were fired outside a celebrity boxing event in Miami, according to a former NFL star and video posted on social media. Miami police confirmed in a written statement that officers responded to the area around 3am after receiving warnings from the shot spotters of the gunshot detection system. Officer Chiara Delva, a spokeswoman for the department, said police had questioned some people but did not arrest them. No injuries were reported at the scene. The investigation continues, Delva said, and…

Beijing hopes the Yuan will settle the dollar as the world’s best international currency, but China’s currency is facing a steep uphill battle.ExplanationFor several years, financial media have speculated about when the Chinese yuan would replace the US dollar as the world’s best international currency. Bankers and currency traders call it “global reserves.”Beijing has kept its desire to see this happening without keeping a secret. Now, in the face of sensitive trade negotiations with Washington, Chinese authorities have downplayed such ambitions. And because the possibility is always exaggerated, certainly, and far from the inevitable.As an export-oriented economy where sales to…

Brandon Simpson’s bedroom in his New Hampshire home was decorated with photos of yachts and beaches.From a young age he wanted to leave the cold for the sun and sand. He recently survived his dream. He almost made plans, packed up the car and headed south in August 2021 with his lifelong friend and Simpson’s rescue dog Kona. Within a few years he built a life in Fort Lauderdale, loved at night, and worked at a restaurant he spent time at the beach.Simpson went out to celebrate his 28th birthday and headed home shortly after 2:28am on April 28th. He…

The Department of Defense has instructed the commanders to identify service members with a history of gender violations that have not progressed under a new policy banning transgender forces.“A commander who knows a service member of a unit with a history of gender discomfort, or symptoms consistent with gender discomfort, will direct individual medical record reviews of such service members and confirm compliance with medical standards.President Donald Trump said people who express “false ‘gender identity'” were unable to meet military service standards, and defense officials later promulgated new policies that were hampering the service of the military who were experiencing…

The nation’s largest commercial developer of Allandable Housing Progning to expand the Orlanda-Area portfolio with two more projects in Osceola County, including next to the Crossprairie Master-Planed community. According to a report by GrowthSpotter, the two Dominium projects add 624 rent-limited apartments to Osceola families, earning under 60% of the region’s median. This will allow the Dominium to build a total of seven affordable residential communities or build a pipeline within the county. The Osceola County Commissioner recently approved a total of $154 million tax-free bond for the two new projects. The biggest of the two is the 420-unit family…

Manatee County leaders are trying to roll back changes over the past few years that will allow local development to spread further east.At a recent land use conference, the commissioner voted to cancel a comprehensive planning amendment for 2021 that would allow builders to build thousands of new homes east of the county’s Future Development Area Boundary (FDAB).But like the county’s recent efforts to restore local wetland protection, commissioners may be in the fight against the interests of state officials and developers.Ed Vogler, a commercial and land use lawyer representing local developers, submitted last-minute letters on behalf of several clients…

The US has benefited from like-minded partners, all at risk in the Chinese conflict, and General Charles Flynn said he has retired.Retired General Charles Flynn told the House Committee on the threat from the Communist Party of China (CCP) that the position of US partners and allies being taken away is a much-needed advantage for the United States.Rep. John Mourenard (R-Mich.), of the House Selection Committee on the Communist Party of China (CCP), noted that the 2027 date set by the administration for the acquisition coincides with the current end of the parliament.”This means that the 119th Parliament could be…

When Seminole County decided last February to spend a new fee of $1.75 per night on a local hotel room, it was to raise millions of dollars to build a new indoor event center. But with an estimated price tag of over $100 million for a 172,000-square-foot facility (about twice as many hotel rates can support), county leaders now realize there is a big hole in their plans. “Mathematics isn’t going well,” Commissioner Andia Herr said Tuesday during a staff presentation. “We all need to have realistic expectations or realistic expectations elsewhere in our county dollar spending.” Proponents hoped the…

A new report from the FBI shows that seniors lost $4.8 billion to scammers in 2024. Florida is home to nearly 5 million seniors and ranks third in the nation for complaints and total losses per victim.Utility scams are on the rise. These include people who pretend to be representatives of legal utility companies to steal money and personal information. These scams include the urgent threat of service disconnection if payments are not made immediately. Alternatively, they may use deceptive tactics such as providing fake energy efficiency audits or inspecting gas leaks.How Utility Fraud Works:The scammer will call or show…