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The list of people who are unaccounted for after the Camp Fire in Northern California has 1,011 entries, Butte County Sheriff and Coroner Kory Honea said Friday evening.The sheriff said the list is imperfect and will fluctuate in number because it is raw data that needs to be refined.The death toll from the fire is now 71 after eight sets of remains were found Friday, Honea said. Three other deaths occurred in the Woolsey Fire in Southern California, making the statewide death toll from wildfires 74.With more personnel able to take reports from phone calls and emails and add names from 911 calls on the day the fire broke out, the number of names on the missing list swelled for the second consecutive day.The Camp Fire -- the deadliest and most destructive wildfire in state history -- has destroyed about 9,700 homes and scorched 146,000 acres (an increase of 5,000 acres Friday).Hundreds of deputies, National Guard troops, anthropologists and coroners are sifting through leveled homes and mangled cars for remains."They are going to be searching vehicles that have been burned. They'll be searching residences that have been burned. Checking around the residences ... our mission is to find the victims from this fire, recover them and get them identified and notify the families to give them some answers," Butte County Sheriff's Investigations Sgt. Steve Collins said Thursday.President Donald Trump is expected to visit the region Saturday. Gov. Jerry Brown and Gov.-elect Gavin Newsom plan to accompany him.Smoke from the large wildfire has prompted several universities to cancel or postpone sporting events. That includes the University of California, Berkeley men's basketball game Thursday night, which was called off, and its football game, which was rescheduled for December 1. 1827
The news conference has concluded. Sheriff Ayub has confirmed the body recovered at Lake Piru today was Naya Rivera. Our hearts go out to her family, friends and fans during this difficult time. An autopsy will be performed to determine the cause of her death.— Ventura Co. Sheriff (@VENTURASHERIFF) July 13, 2020 321
The House Intelligence Committee on Saturday released a Democratic memo in redacted form that seeks to undercut Republican claims of FBI surveillance abuses.The committee made the Democratic memo public after the White House signed off following negotiations between the FBI and the committee's top Democrat, Rep. Adam Schiff of California, over what in the document should be redacted.Earlier this month, the White House objected to releasing the memo, saying that sensitive material had to be removed first. 523
The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July.The 30-year fixed averaged 3.33% APR in the first four weeks of June, a smidgen lower than the 3.37% average APR in May and 3.36% in April. June’s rate average was the lowest in the four-year history of NerdWallet’s daily rate survey.A mission to reduce ratesMortgage rates were remarkably anchored from April through June after the Federal Reserve intervened to stabilize rates and push them down.But the Fed’s intervention hasn’t been entirely successful: Although mortgage rates have been remarkably stable, they’re stuck at a higher-than-expected level. To put it more bluntly, rates should be lower.Since March, the central bank has bought billions of dollars’ worth of Treasurys and mortgage bonds “to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions,” as the Fed explained in a June 10 statement.Dissecting that short passage:The Fed is saying that its goal is to push interest rates, including mortgage rates, lower. That’s what “transmission of monetary policy to broader financial conditions” means.It’s trying to accomplish that goal by buying Treasurys and mortgage bonds to calm and stabilize those markets. Stabilizing markets is a method, not the goal.? MORE: How mortgage rates are determinedFed failed to make a bigger splashThe Fed has succeeded in calming the waters. That’s why there were ripples, not waves, in fixed mortgage rates from April through June. But it has only partially succeeded in its goal to push interest rates lower. For the Fed to declare victory in “fostering effective transmission of monetary policy to broader financial conditions,” mortgage rates would have to fall another half a percentage point or so.With its intervention, the Fed decreased Treasury yields and mortgage rates. But the results are unequal: Since January, the 10-year Treasury yield has fallen a little over one percentage point, while the 30-year mortgage has fallen about half a percentage point. Normally, the two would fall roughly the same amount.Rates slow to sync with TreasurysWhy haven’t mortgage rates fallen further? You might guess that lenders are keeping rates elevated to offset the risk of mortgages going into default during the COVID-19 recession. But mortgage rates tend to fall during recessions.? MORE: What COVID-19 means for mortgage ratesMaybe mortgage servicers, the companies that collect monthly payments and work with past-due borrowers, want to be paid for the increased risk they bear, and it’s translating to higher rates. Maybe an undetected economic force keeps a floor on mortgage rates, preventing the 30-year fixed from falling below 3% and lingering there.A more plausible theory is that mortgage rates will follow historical patterns and shamble lower until they’ve fallen roughly the same as Treasury yields. That’s the conclusion that Bill Emmons, economist for the Federal Reserve Bank of St. Louis, makes in a paper titled “Why Haven’t Mortgage Rates Fallen Further?”Using history as a guide, Emmons writes, “we would expect a further decline in mortgage rates of perhaps 0.5 percentage points.” If he’s right, mortgage rates might drop in July.Don’t count on it, though. Not after these two months of stability; rates might continue to tread water.More From NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 3623
The Gulf Coast appears to have dodged a bullet after Marco — once a tropical storm — collapsed into a post-tropical cyclone as it neared the Louisiana coast. But the National Hurricane Center (NHC) warns that the region faces a more substantial threat in Hurricane Laura.Just after 8 a.m. on Tuesday, the NHC reported that Laura had officially strengthened into a Category 1 hurricane, with maximum sustained winds of over 74 mph. As part of the agency's 11 p.m.. ET update, the storm is expected to reach the Louisiana or Texas coast by late Wednesday evening or early Thursday morning. By the time it reaches the coast, the NHC forecasts that the storm could be a Major Category 3 hurricane, with maximum sustained winds of 120 MPH.At 11 p.m. ET on Tuesday, Hurricane Laura had top winds of 90 MPH, and was located 405 miles southeast of Lake Charles, Louisiana. The storm is moving west-northwest at 17 MPH.The storm has already proven to be deadly. Haiti's Civil Protection Agency reports that 21 people were killed as the then tropical storm passed over the nation.A Twitter List by alexhider The NHC said Tuesday that the system could bring life-threatening storm on the Gulf Coast from as far west as San Luis Pass, Texas to as far east as Ocean Springs, Mississippi.The agency also warned that an inland region of the south-central United States could face flash floods and urban floods by the end of the week and into the weekend.A hurricane watch is currently in effect across the Gulf Coast, between Port Bolivar, Texas, to the west of Morgan City, Louisiana. The city of Galveston, Texas has already announced a mandatory evacuation and has ordered anyone within the city to leave and move inland by noon on Tuesday. 1736