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Investigators are uncovering more details about five adults accused of child abuse after 11 emaciated children were found in a trailer buried in a New Mexico compound last Friday.The two men and three women -- believed to be the mothers of the children -- each face 11 counts "related to the neglect and abuse of the children involved." The accused are due in court Tuesday and Wednesday.One of the men arrested is the son of a prominent and controversial New York imam, according to Facebook posts and the Muslim Alliance in North America.And the imam's Facebook post identifies two women among the suspects as his daughters. 634
It happened again! After going viral in September for slipping Michelle Obama a piece of candy during the funeral of Senator John McCain, George W. Bush has done it again at his father's funeral and warmed our hearts all over again. 251
Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887
Is what some would call "living in sin" also living illegally? It is in Michigan, thanks to an old law.Some want to do away with the law that bans unmarried couples from living under the same roof.State Sen. Steve Bieda is leading the way to get ride of the antiquated law."It is actually one of the silliest laws we have on the books."The law was passed in 1931 to stop what it calls "gross lewdness." Unmarried, unrelated people of the opposite genders living together could face up to one year in prison and a ,000 fine.While it's hardly enforced, there is another reason to get it off the books."Because it's still statutory law, in certain tax situations, they have to consider that in doing their taxes."There have been unsuccessful attempts in the past to get rid of the law."It's an easy fix. There's a repealer statute in the senate committee. I'm hoping to get it out in the near future," Bieda added.Some say the law needs to go, but Michigan lawmakers should be focused on more important things.Mississippi is the only other state with a similar law, but lawmakers there are trying to do away with their law too. 1139
It’s official, summer 2020 was the hottest on record in the Northern Hemisphere.The National Oceanic and Atmospheric Administration released their monthly report on global temperatures. August 2020’s temperatures around the world made it the second-warmest August on record behind 2016, and the third-hottest season.Here in the Northern Hemisphere, August set a new record with a temperature departure from average of 2.14 degrees F, beating 2016’s numbers.“The most notable temperature departures from average were observed across Alaska, eastern Canada, the western contiguous U.S., Europe, northern Russia, central South America, Western Australia, eastern Antarctica, and across the North Pacific, the Bering Sea, and the Barents Sea, where temperatures were at least 2.0°C (3.6°F) above average,” NOAA scientists observed.The three-month season, June-August, surpassed the previous global record reached in both 2016 and 2019. This period is winter in the Southern Hemisphere, and they also had warmer weather than normal. Australia also had a drier than usual winter, 31 percent below average for precipitation.Globally, the ten hottest Augusts have all happened since 1998, and the five warmest have happened since 2015.Scientists believe 2020 will very likely rank in the top five warmest years on record.Also noted in the report, arctic sea ice continues to decline. The average Arctic sea ice coverage in August was the third smallest on record, about 29 percent below the 1981-2010 average. 1509