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There has been talk around the country lately of a recession and what to do to prevent it from happening.President Donald Trump has pushed the idea of significantly lowering interest rates.So, what would that mean for the average American? "What it does is it shifts the economic balance of power towards borrowers and away from lenders,” said Miles Kimball, Professor of Economics at the University of Colorado Boulder. “And guess what, people who borrow money are people who are more eager to spend than lenders." This could make getting a loan easier and more affordable.Kimball says if interest rates drop, it encourages people to spend money they've been saving rather than leave it in the bank."All of a sudden you think about a zero percent loan, obviously the economic benefit is huge there," said a new home buyer, Todd.Zillow says the average price of a home is 1,000. With a 3.8% interest rate, a payment would be ,144, but even if the rate dropped to just 1%, it would be 8. Although that sounds amazing, banks would have to charge fees because they would be handing out more money than depositors are putting in. 1146
The Trump administration has acknowledged that its proposed changes to the food stamp program could leave nearly 500,000 children without access to free school lunches.The US Department of Agriculture released 222
The scene is clear on Monroe. What was believed to be a stand-off is turning into a manhunt. Police are looking for 25-year-old Michael J. Ciskiewic. He’s connected to a situation where a woman was found chained in this basement. https://t.co/7rSEt0Rql2 pic.twitter.com/XkE4pAGnDf— Jeff Slawson (@Jeffslawson) June 10, 2019 335
The pictures are horrific, and the stories behind the devastating crashes are heartbreaking.In one accident, 17-year-old Annaleah and 13-year-old Mary died in the backseat of their car, after a truck hit them and pushed the car underneath a tractor-trailer. Their mother, Marianne Karth, is haunted by it. “It's a very devastating crash. It's like the most devasting you can have,” Karth says. Lois Durso also lost her 26-old-daughter, Roya, in one of these same types of crashes.“Her hair was on the tires of the trailer, so we know it crushed her,” Durso recalls. Eric Hein experienced a similar tragedy. His 16-year-old son, Riley, died on his way to marching band practice after getting trapped underneath a tractor-trailer truck.“He went underneath the trailer,” Hein recalls. “His car got dragged for half a mile until it was engulfed in flames, and the fire killed him.” Tragedy brought all three parents together. Now, perseverance pushes them forward as they take steps to prevent these types of crashes. Karth and Durso organized a crash test in Washington, D.C. just weeks after members of Congress reintroduced the Stop Underrides Act, which would update and strengthen safety laws, including requiring tractor trailers to have guards on the sides to help prevent cars from ending up underneath them.“Seeing is believing, and for them to witness with their own eyes and own ears and to have it be something they see,” Karth says of their crash test. “Crash into the side of the trailer with a side guard and without to see the life and death difference.” Past legislation has stalled, but the parents hope this dramatic demonstration will be enough to get Congress to take action. Tests have shown when installed properly, guards can make a difference and keep cars from sliding underneath trailers. “It's not the crash that kills, it's the underride,” explains Durso. “If you can prevent the underride, there's a chance the vehicle occupants will survive.” Groups representing the trucking industry have concerns about the cost and say the guards add extra weight and can impact how tractor trailers can maneuver. However, parents say those concerns will not slow down their effort and they remain driven to save lives. “I lost my son. I don't want somebody else to go through this tragedy. These are preventable deaths,” says Hein. 2357
Toronto Police said on Twitter that four people have been shot near the Toronto Raptors victory celebration on Monday, causing people to run from the area. The police also confirmed that they have three people in custody, and have recovered two weapons from the scene.SHOOTING: Nathan Phillip's Square**Update**-4 victims located-None of the injuries are life threatening-3 people arrested-2 firearms recovered-Investigators wish any video to assist in investigation-Please use portal: 498