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WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

Walmart wants the world to know you can make a really nice living working in its stores.The company has about 4,700 store managers in the United States and they earn an average of 5,000 a year, Walmart said in social governance 243

While celebrating her victory in becoming the first African-American woman picked to lead Chicago, Lori Lightfoot thanked the city and those who blazed the trail for her victory."We may be strangers but in this room, in this city we are all neighbors," she told a cheering crowd following her win.Lightfoot faced a historic runoff Tuesday against Toni Preckwinkle, who is also an African-American woman."Now that it's over I know that we will work together for the city that we both love," Lightfoot said at her campaign celebration. "Today you did more than make history, you created a movement for change."She told her followers they were going to remake Chicago, home to 2.7 million people."Now we're going to take the next steps together," she said. "Together we can and will finally put the interests of our people, all of our people, against the interests of a powerful few."Her competitor vowed to keep working on issues important to her."This may not be the outcome we wanted but while I may be disappointed, I'm not disheartened," Preckwinkle told supporters after she called Lightfoot to congratulate her.Mayor Rahm Emanuel was not in the race, as he was not seeking a third term.Lightfoot, 56, a former assistant US attorney, describes herself as "an out and proud black lesbian." When she is sworn in, she will be the first mayor in the Windy City who identifies as a lesbian."Out there tonight a lot of little girls and boys are watching. They're watching us. And they're seeing the beginning of something, well, a little bit different," Lightfoot told the crowd on Tuesday with a wry smile."They're seeing a city reborn. A city where it doesn't matter what color you are," she continued. "Where it doesn't matter who you love, just as long as you love with all your heart."In the wake of the Laquan McDonald scandal -- in which a white police officer, Jason Van Dyke, shot the black teenager 16 times as he walked away from police -- Lightfoot was appointed by Emanuel to head the newly created police accountability task force.Preckwinkle, 72, is a political insider who heads the 2109

Two children were killed and nine people were injured after a stolen police cruiser crashed into two parked cars in Dayton, Ohio, Monday night.The cars had been parked outside the Dayton Public Library when they were struck around 7:22 p.m., Dayton Police Lt. Eric Henderson said.According to Henderson, Dayton police originally responded to a call for a stabbing shortly after 7 p.m. The suspect in that incident had fled, he said.Police in nearby Riverside then received a 911 call about a car that had driven into a tree and went to check on the accident.When the Riverside officer exited his police cruiser, the suspect from the stabbing call -- who had abandoned the car driven into the tree -- stole the officer's car and fled the scene at a high speed, Henderson said.The suspect crashed the police cruiser into two vehicles that were carrying 11 people between them, including seven children.All 11 occupants were taken to local hospitals and at least three of them were in life-threatening condition when they were transported, Henderson said. Two of the children later died, he said.Two Riverside officers sustained minor injuries when the suspect struck their vehicle. 1191

WEST PALM BEACH, Fla. — On Saturday morning, the Grand Celebration docked at the Port of Palm Beach after sailing to the Bahamas to provide support to the victims of Hurricane Dorian.On board were hundreds of first responders, doctors, nurses and volunteers from Palm Beach County along with 225,000 pounds of supplies and food. They helped bring much-needed supplies to the devastated island.Grand Celebration was the first ship to dock at the harbor following the storm.After spending 24 hours in Freeport, the Bahamas Paradise Cruise Line returned home with more than 1,100 Bahamian residents who evacuated after Hurricane Dorian stalled over Grand Bahama Island.“Grand Bahama is home to us and we knew it was the right thing to do; they needed help,” Oneil Khosa, CEO of Bahamas Paradise Cruise Line said. “The situation on Grand Bahama is bad, the island needs help and the people need help.”First responders helped deliver a baby Friday in Freeport, which Khosa said signifies hope and progress for the island.This story was originally published by Ryan Hughes on 1082