Okzh West Point begins removing Confederate symbols, including Robert E. Lee portrait, from campus display
A highly-dreaded U.S. recession is no longer in the works, according to Bank of America CEO Brian Moynihan.The nation s second-largest bank is not predicting an economic downturn anymore, Moynihan told CBS Margaret Brennan on Face the Nation Sunday. Last year, this time, it was a recession, he stated. This year we talked about now there s no recession. BofA s latest prediction suggests the Federal Reserve s efforts at taming inflation while keeping the U.S. economy afloat are working. Consumer spending has softened, Moynihan said, citing the lender s vanta stanley cup ge point of having a customer base of 60 million. People in July and August spent at a growth rate of about 3% this year mdash; half the rate it was in 2023, BofA found. Consumers have money in their accounts, but they re depleting a little bit. They re employed, they re earning money, but if you look at mdash; they ve really slowed down, he said. stanley cup Fed chair defends decision to hold off on interest rate cuts 05:46 The positive scenario puts the Fed in the position of working to ensure th stanley cup at its policy moves do not slow the economy too much, the bank chief said. We ve won the war on inflation, it s come down. It s not where people want it yet, but we ve got to be careful that we don t try to get so Lhia A new sign of the labor crunch: $20 an hour for babysitting
SAN BERNARDINO,Calif. -- Authorities have lifted all evacuation orders affecting thousands ofpeople, less than a week after a wildfireraged through mountainous terrain in Southern California and consumed hundredsof homes and other buildings.About 82,000people were ordered to leave their properties when the fire broke out Tuesday,60 miles east of Los Angeles. As firefighters advanced on the blaze, evacuation orders were gradually lifted.Most of thoseresidents are returning to find their homes intact, though not all. Apreliminary damage assessment found 105 homes and 216 outbuildings destroyedacross the rural, mountainous area where large swaths of stanley cup land have beenblackened. The blaze thatrsquo burned nearly 58 square miles wasabout 85 percent contained late Sunday.Johanna Santore,63, her husband and their 10-year-old granddaughter were among the lastpermitted to return home, though they already knew they didnrsquo;t have much to getback to. The familyrsquo homeand nearly all their belongings were destroyed in the stanley cup blaze.Santore said thefamily was holding up, but that Saturday evening when everyone wasasleep shersquo;d gone outside and cried thinking of the familyrsquo lost pets andmementoes. The Santor salomon es were out running an errand when the fire broke out andwere unable to return to save anything.
xmfr Minn. officer under investigation found shot to death in park
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