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What it would mean for the global economy if the US defaults on its debt

Published Fri, 07 Feb 2025 06:51:38 GMT

By PAUL WISEMAN (AP Economics Writer)WASHINGTON (AP) — If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone.The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for Chinese factories that sell electronics to the United States could dry up. Swiss investors who own U.S. Treasurys would suffer losses. Sri Lankan companies could no longer deploy dollars as an alternative to their own dodgy currency.“No corner of the global economy will be spared’ if the U.S. government defaulted and the crisis weren’t resolved quickly, said Mark Zandi, chief economist at Moody’s Analytics.Zandi and two colleagues at Moody’s have concluded that even if the debt limit were breached for no more than week, the U.S. economy would weaken so much, so fast, as to wipe out roughly1.5 million jobs.And if a government def...

Chevron announces $6.3 billion deal to acquire Denver-based PDC Energy

Published Fri, 07 Feb 2025 06:51:38 GMT

Chevron Corp. said Monday that it will acquire Denver-based PDC Energy in an all-stock transaction valued at $6.3 billion, adding to its oil and gas holdings in the Denver-Julesburg and Permian basins.The deal will net Chevron 275,000 acres next to its existing operations in the Denver-Julesburg Basin in eastern Colorado and more than 1 billion barrels of oil equivalent. Chevron will acquire 25,000 additional acres in the prolific oil fields of the Permian in West Texas and New Mexico.Chevron Chairman and CEO Mike Wirth said in a statement that PDC’s assets will strengthen Chevron’s position in key U.S. production basins.The deal is expected to boost Chevron’s annual free cash flow by $1 billion.“The combination with Chevron is a great opportunity for PDC to maximize value for our shareholders. It provides a global portfolio of best-in-class assets,” PDC President and CEO Bart Brookman said.Under the agreement, PDC shareholders will receive 0.4638 shares of Chevron...

Man killed by cellmate at West Valley Detention Center: Sheriff's Department

Published Fri, 07 Feb 2025 06:51:38 GMT

An Upland man is facing a murder charge after he allegedly killed his cellmate in the West Valley Detention Center.Marco Antonio Lopez-Hernandez, 26, killed Adam Adams, a 56-year-old from Upland, who was found a few minutes before 5 a.m. Sunday unresponsive on the floor of the shared cell, the San Bernardino County Sheriff's Department said in a news release.Despite lifesaving measures, Adams was declared dead, officials said.Officials did not disclose how Adams was killed or any possible motive behind the attack.Anyone with information is asked to contact Deputy Charlie Lopez at 909-890-4904. Callers can remain anonymous and contact We-Tip at 800-78CRIME or wetip.com.

Child dead, another missing after getting swept away in Kings River

Published Fri, 07 Feb 2025 06:51:38 GMT

An eight-year-old girl is dead and a four-year-old boy is missing after the two were swept away by the fast-moving water in California's Kings River on Sunday afternoon, KTLA sister station KSEE/KGPE reports.The Fresno County Sheriff’s Office says its deputies received a 9-1-1 call just before 2:00 p.m. Sunday, reporting that two children had been swept away in the Kings River, just below Pine Flat Dam. “There was a family gathering of some sort and we do know when we got the call there was a family there... Two children did end up in the water one eight-year-old girl and a four-year-old boy,” said Lt. Brandon Pursell with the Fresno County Sheriff's Office.After an hour of searching deputies found the girl but say it was too late.“We put two boats in the water and we had numerous swift water rescue personnel on scene we did unfortunately recover the female deceased underwater," Pursell continued.Search And Rescue (SAR) crews are still looking for the 4-year-old boy.“We're gonn...

Aaron Floyd Franklin Fatally Struck in Pedestrian Accident on Brundage Lane [Bakersfield, CA]

Published Fri, 07 Feb 2025 06:51:38 GMT

22-Year-Old Man Killed in Pedestrian Hit-and-Run Collision near U StreetBAKERSFIELD, CA (May 22, 2023) – Early Sunday morning, Aaron Floyd Franklin was fatally struck in a pedestrian accident on Brundage Lane.Authorities responded to the scene around 2:20 a.m., in the 400 block of Brundage Lane near U Street on May 7th.Per reports, Franklin was crossing the road in a north direction outside of a marked crosswalk. There, the driver of an eastbound vehicle struck him.Upon impact, the driver fled the scene without rendering aid to the severely injured victim. Despite life-saving efforts, medics later pronounced 22-year-old Franklin, of Bakersfield dead at the scene.Following preliminary duties, it is still unknown if drugs or alcohol were contributing factors, but an active investigation is currently ongoing. Bakersfield authorities urge anyone with information about the suspect driver to contact CHP hotline as soon as possible.The team at Sweet James offers their warm and sincer...

Mary Margaret Machulda Killed in Two-Vehicle Crash on Magnolia Street [Huntington Beach, CA]

Published Fri, 07 Feb 2025 06:51:38 GMT

Garfield Avenue Traffic Collision Left 93-Year-Old Woman DeadHUNTINGTON BEACH, CA (May 22, 2023) – Thursday afternoon, Mary Margaret Machulda was killed in a car crash on Magnolia Street.The crash happened on May 11th, at around 4:40 p.m. at Magnolia Street and Garfield Avenue intersection.According to reports, a Buick Riviera traveling north on Magnolia turned left onto Garfield Avenue, directly into the path of a southbound Jeep Wrangler. The two vehicles collided and left the driver of the Buick with serious injuries.Officials said the 48-year-old male driver of the Jeep remained at the scene and cooperated with the police.Responding emergency personnel transported the Buick driver to UCI Medical Center, where she succumed to her injuries.Later, the coroner’s office identified the deceased driver as 93-year-old Mary Margaret Machulda of Fountain Valley.The Sweet James team sends their warm and sincerest sympathies go out to the friends and family of Mary Margaret Machulda. ...

6 Common Marijuana Withdrawal Symptoms and How to Manage Them

Published Fri, 07 Feb 2025 06:51:38 GMT

Anecdotally, most users maintain marijuana isn’t addictive. The medical community concedes addition is relatively rare (affecting 1 in 10 users) but it does happen. Either way, some people opt to take a break — or quit — using cannabis for a variety of reasons. Others need to pass a drug test, while a few of them need to reset their tolerance to weed. However, when the body is used to incorporating marijuana into its system, it can leave the person “craving” for weed’s compounds. And when the body doesn’t get its hemp fix, it can lead to a few (and sometimes several) marijuana withdrawal symptoms.Here are some marijuana withdrawal symptoms and how you can mitigate these nuisances.6 Marijuana Withdrawal Symptoms and How to Make It ManageablePlenty of science-backed evidence theorizes how marijuana use can be beneficial to those who are suffering from certain ailments. However, just like most things we get our bodies to be dependent on (such as caffeine or nicotine), stopping ca...

Duran Duran talks Rock Hall of Fame, Roxy Music, Napa Valley and more

Published Fri, 07 Feb 2025 06:51:38 GMT

Duran Duran has a lot to celebrate.For starters, the English new wave heroes were finally enshrined into the Rock and Roll Hall of Fame last year after some 15 years of eligibility.It also has a (relatively) new album out — “Future Past” — which is the band’s 15th studio release and first since 2015’s “Paper Gods.”Plus, the group — which consists of longtime members John Taylor on bass, Simon Lebon on lead vocals, Nick Rhodes on keyboards and Roger Taylor on drums — is just about to embark on a major North American tour.The trek kicks off with two NorCal shows as Duran Duran is set to take the stage on May 27 as part of the three-day BottleRock Napa Valley festival and then perform a full-length gig at SAP Center in San Jose on May 28. For information, visit bottlerocknapavalley.com and sapcenter.com, respectively.Looking further down the road, the group also has an Aug. 24 date schedule at Golden 1 Center in Sacramento (golden1center.com).I recently had the ...

Review: Emmylou Harris helps kick off exciting new concert series in Napa

Published Fri, 07 Feb 2025 06:51:38 GMT

Music fans now have another great reason to visit Napa Valley.It’s called the Blue Note Napa Summer Sessions and it’s set to bring more than two-dozen headliner acts to the lovely Meritage Resort in Napa over the next four months or so.Legendary vocalist Emmylou Harris helped kick of the opening weekend of the series on Sunday (May 21), performing a winning 90-minute set of country/folk/Americana tunes in front of approximately 1,000 fans.The weekend’s other two concerts were Les Claypool’s Fearless Flying Frog Brigade (on Friday, May 19) and Dwight Yoakam (on Saturday, May 20).It must have been a relief of sorts for the promoters — who also run the Blue Note Napa club in downtown as well as co-produce the Oxbow Riverstage shows — to see the acts acturally take the stage, given that this series appeared to be in dire straits as little as three weeks ago.Related ArticlesMusic | Bay Area Rock Hall of Fame act will continue tour without ai...

Niall Horan announces 2024 tour with stops at Shoreline, Kia Forum

Published Fri, 07 Feb 2025 06:51:38 GMT

Niall Horan is hitting the road.The chart-topping pop star has announced dates for The Show Live on Tour 2024 — which is his first headlining jaunt since 2018’s Flicker World Tour.The trek kicks off kick off on Feb. 21 in Belfast, UK at the SSE Arena and includes a trio of dates in the Golden State.Horan performs July 26, 2024 at Shoreline Amphitheatre at Mountain View, July 27, 2024 at the Kia Forum in Inglewood and July 30, 2024 at North Island Credit Union Amphitheatre in Chula Vista.Horan will be performing songs from all three of solo albums, including “The Show,” which is set to hit stores on June 9.Tickets go on sale to the general public at 10 a.m. June 2, www.niallhoran.com.There is also a presale for Citi card holders that begins at 10 a.m. May 30, www.citientertainment.com.NIALL HORAN – “The Show” LIVE ON TOUR 20242/21/24 – Belfast, UK – SSE Arena Belfast2/23/24 – Dublin, IE – 3Arena2/27/24 – Birmingham, UK – Resorts W...