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Rolling Thunder, the annual event where hundreds of thousands of motorcyclists come to the nation's capitol to honor service members killed in action or taken as prisoners of war, will hold its last event in Washington next year.The last ride will be next Memorial Day weekend, on Sunday, May 26, 2019, a spokeswoman for the organizing group confirmed to CNN.Organizers said the costs of putting on the national ride have become prohibitive, with last year's event costing about 0,000 in various related expenses."It was a tough decision for us to make," spokeswoman Nancy Regg told CNN.Instead of the gathering at the nation's capital, there will be regional events organized by various chapters to honor those killed in action or who were prisoners of war, according to the group.Next year will mark the 32nd ride in Washington since the event was first held in 1988. Then-presidential candidate Donald Trump spoke at the gathering in 2016.The riders start at the Pentagon parking lot, ride over a bridge into DC, circle the National Mall and end by the Vietnam Veterans Memorial. 1103

SACRAMENTO, Calif. (AP) — The California Assembly voted Thursday to cap the interest lenders may charge on loans that can carry rates spiraling into the triple digits.Backed by civil rights groups, religious organizations and some trade associations, the proposed law would cap annual rates at around 38% for loans between ,500 and ,000.The bill comes as legislators across the country seek to reign in a storefront lending industry critics accuse of preying on low-income consumers in need of cash and trapping them under mounds of debt for years.But even as the bill advanced, some California lawmakers expressed concern that it will limit choices for consumers with bad credit or little access to banks and other financial products. And the lending industry, which wields significant influence in legislatures as well as in Washington, has launched an advertising campaign in California attacking the bill as it heads to the state Senate, where observers expect a tougher fight.Proponents of capping interest rates point to an explosion in high-interest consumer loans around the state over the last decade.The state already caps interest rates on consumer loans under ,500 but not for amounts over that threshold. In 2009, 8,468 loans for amounts between ,500 and ,000 came with interest rates over 100%, according to data from state regulators. Lenders now issue more than 350,000 loans each year with interest rates in the triple digits. A legislative analysis said at least one out of three borrowers is unable to pay their loans.But proposals to cap interest rates in recent years have faltered at California's Legislature. Several lawmakers still expressed concern about the latest proposal, suggesting it could drive lenders out of the market, pushing consumers with low incomes toward unregulated lenders or cutting off their easy access to capital."Without these alternative financial service providers, those folks would have nowhere else to go," said Democratic Assemblywoman Sydney Kamlager-Dove of Los Angeles.Assembly Speaker Anthony Rendon dismissed arguments the bill would ultimately harm low-income residents."Those are merely talking points of an industry that has repeatedly lied to members of this chamber," he said.Casting the bill as a moral issue, the Democrat said the legislation can be considered as important as any other lawmakers will vote on this year in the country's most populous state.The bill ended up passing with bipartisan support as one Republican legislator cited religious prohibitions on usury."I'm a free-market capitalist and I'm unashamed of it but we need to stand up and protect people who are being preyed upon," said Assemblyman Jordan Cunningham of San Luis Obispo.The support of the financial industry this year, too, may also signal that the sector foresees a reckoning in the state or at least further political uncertainty if lawmakers do not approve limits for loans between ,500 and ,000.The California Supreme Court cast a legal question mark last year over the lending industry's practices, deciding in one class action lawsuit that some interest rates can be so high as to be deemed unconscionable under financial laws.Democratic Assemblywoman Monique Limon of Santa Barbara, the bill's author, also suggested that an interest rate cap could end up on the ballot if the Legislature does not act.If passed, California would join 38 states and the District of Columbia in capping interest rates for these types of loans, according to a legislative analysis. The level proposed in California would be on the higher end.Observers expect a bigger political fight when the bill heads to the state Senate, however.Opponents of the bill have launched an advertising campaign aimed at stopping it.The trade group Online Lenders Alliance has bought ads on Sacramento television stations, according to Federal Communication Commission filings.A group calling itself Don't Lock Me Out California has also bought online ads attacking the bill. 4018

Runners showed up on Sunday morning to race in the TCS New York City Marathon, which went ahead as planned despite last week's terror attack -- the worst in the city since September 11, 2001.On Tuesday, officials say, Sayfullo Saipov, a 29-year-old Uzbek living in New Jersey, drove a truck down a Manhattan bike path near the World Trade Center before slamming into a school bus.On Thursday, Saipov was charged with federal terrorism offenses in the attack that left eight people dead and a dozen others wounded.In the days since, city and state officials have assured attendees of Sunday's marathon that the event would be safe, and they ramped up security."You'll have thousands of officers on duty this weekend," Gov. Andrew Cuomo said in a news conference on Saturday. "But I want to stress, this is just a precautionary measure. We have no information that points to any issues."A record number of city sand trucks and New York Police Department blocker vehicles were scheduled to line the roadways to protect pedestrians, police Chief Carlos Gomez said Friday.The TCS New York City Marathon is expected to draw more than 50,000 runners, who will make their way through five boroughs while 2.5 million spectators cheer them on."I hear it's the greatest walking tour of New York with 50,000 of your best friends," said Michael Steiner, a 46-year-old from Maplewood, New Jersey, who is participating for the first time on Sunday.Steiner said he feels great, and while the event is just days after last week's attack, he's only worried about one thing."The trap," he said. "The biggest marathoner's fear is that the adrenaline gets the best of you and you run way too fast in the beginning and get killed at the end." 1748

SACRAMENTO, Calif. (AP) -- Gov. Gavin Newsom vetoed a bill that would have authorized California to give low-income immigrants 0 to buy groceries.It's unclear how much the bill would have cost; estimates range from the tens of millions of dollars to the hundreds of millions of dollars.Newsom said he could not sign the bill because it would put too much pressure on the state's budget.Lawmakers had to cover an estimated .3 billion budget deficit this year caused by the economic downturn brought by the coronavirus.Assemblyman Miguel Santiago, a Democrat from Los Angeles, authored the bill. 607

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom has launched a statewide tour to promote his health care proposals, which include requiring everyone to purchase health insurance and offering subsidies to families of four with incomes as high as 0,000 a year.Newsom's proposals would make California the first state in the country to help people who earn up to 600% of the federal poverty level. People could get about 0 a month to help pay their health insurance premiums.The Democratic governor wants to pay for it by making it a law that everyone has to buy health insurance or pay a penalty. The state would use the penalty money to offer the new subsidies.Newsom discussed the proposal with small business owners in Sacramento on Tuesday. 763

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