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The Dow Jones Industrial Average is trading lower on Monday after a stimulus bill proposed by Senate Republicans failed key votes on Sunday and Monday.The Dow closed tumbling 600 points on Monday afternoon. The loss comes after 240

The college admissions scheme revealed Tuesday is the largest of its kind ever prosecuted, federal prosecutors said, and features 50 defendants across six states, millions of dollars in illegally funneled funds and a handful of the country's most selective universities.But at its core, the alleged scheme is remarkably simple -- and brazen.Cheat on standardized tests. Bribe the people who decide which students get admitted. All the while pretending that money was for charity."I'll speak more broadly, there were essentially two kinds of fraud that Singer was selling," US Attorney Andrew Lelling said, referring to William Rick Singer, the figure at the center of the scheme."One was to cheat on the SAT or ACT, and the other was to use his connections with Division I coaches and use bribes to get these parents' kids into school with fake athletic credentials," Lelling said at a press conference in Boston.A total of 50 people were charged in the case. Those arrested include two SAT/ACT administrators, one exam proctor, nine coaches at elite schools, one college administrator and 33 parents, according to Lelling.Here's how the plan worked, according to prosecutors.Cheating on the ACTs and SATsOf course, students who score higher on standardized tests such as the ACT and SAT are more likely to get into selective colleges.Given that, Singer facilitated cheating on those exams for students whose wealthy parents paid for his services.Singer pleaded guilty in court on Tuesday to four federal charges and admitted that the case against him was accurate.According to the indictment, he arranged for a third-party -- generally Mark Riddell, who is 1670

The California Public Utilities Commission voted Wednesday to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires.The decision came after hearing from the public on the many hardships the blackouts caused for residents.The state's largest utility, Pacific Gas & Electric Co., initiated multiple rounds of shut-offs and plunged nearly 2-point-5 million people into darkness throughout northern and central California.Some of the outages lasted for several days.PG&E officials insisted on the shut-offs for public safety, but infuriated residents and a parade of public officials.Southern California Edison and San Diego Gas and Electric also shut off power but to far fewer people.The outages raised concerns about whether the utilities properly balanced the need to provide reliable service with public safety and were properly planned and executed.CPUC President Marybel Batjer ordered the investigation last month and the five-member commission gave its approval given the public frustration.The outages were astonishing for a state that is one of the economic powerhouses in the world.People made frantic dashes for cash and gas as businesses watched their goods spoil.Some elderly and disabled people were trapped in their apartments with elevators out of service.PG&E initiated five rounds of blackouts, with the smallest affecting about 30,000 people and the largest affecting nearly 2.5 million.Residents in San Francisco suburbs and in Northern California wine country were without power for days.Bill Johnson, CEO of Pacific Gas & Electric, said the outages were the right call and kept people safe, although a transmission line in Sonoma County that was not powered off malfunctioned minutes before a wildfire erupted last month, forcing about 180 thousand people to evacuate.The company is in bankruptcy and faces 30 billion dollars in liabilities after its equipment was found to have started several deadly wildfires in 2017 and 2018, including the year-old Camp Fire that killed 85 in Paradise. 2142

The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn.Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to "act as appropriate" to sustain the country's 369

The cars near the site of a gas explosion that killed one person in Durham, North Carolina, on Wednesday look like they've been in accidents.Windows are blown out. Air bags are deployed. Some have dents and dings. The roads are awash in glass, so much so they glisten. The air reeks of dust and pollen.Some 60 emergency responders and cleanup people are on the scene of the blast, which happened hours earlier after someone smelled gas.Authorities said 17 people, including a firefighter, were hospitalized. Six people were critically wounded, said Lee VanVleet of Durham County Emergency Medical ServicesEmergency responders were evacuating the area when the blast erupted, Durham Fire Chief Robert Zoldos said.The blast occurred just after 10 a.m. in the busy area of Brightleaf Square, where people grab a morning coffee and visit other shops. A contractor boring under the sidewalk hit a 2-inch gas line, said Durham police spokesman Wil Glenn.The search-and-rescue mission has given way to a cleanup operation. Workers were using heavy-duty backpack blowers to clear debris on the ground and firefighters were spraying the remaining hot spots with water.One of the critically injured patients was taken to the North Carolina Jaycee Burn Center in Chapel Hill, VanVleet said. A Dominion Energy employee who responded to the initial gas leak was among the injured, police said.The firefighter's injuries are serious but not life-threatening, Zoldos said. He was in surgery, the chief said.Authorities asked people to avoid the Brightleaf Square area and warned that parts of downtown will be closed, possibly for a couple of days, as they conduct their investigation.Maverick's Smokehouse & Taproom, though closed to the public, brought in employees to help feed the emergency crews.Sounded like a bomb, office worker saysA witness described a scene like a war zone, with first responders scrambling to ferry injured people to safety after the blast."Half the block is destroyed," Jim Rogalski told CNN via text message. "Lots of injuries. Our office across the street was blown out. It was terrifying. Glass and debris everywhere. No one killed in our office but several injuries -- deep cuts, head lacerations.""The ceiling tiles and structures collapse(d)," added Rogalski, whose workplace is across the street from where the blast occurred. "Windows blown out a block away. Our office was filled with glass, dust and debris."A human resources employee told Rogalski and his co-workers that authorities were investigating a gas leak across the street and they should remain inside. About 15 minutes later, they heard what sounded like a bomb, he told CNN."The first second was stunned silence, then lots of scream(ing) in the building. Several of us shouted, 'Is anyone hurt?'" he recalled. "The injured were quickly taken to an exit."Another person who works nearby said firefighters entered his building and told employees that workers had hit a gas line, and "we heard the big explosion right after they told us they may evacuate us."The blast shook the structure and blew out its windows, said the witness, who declined to give his name."It sounded like the building was going to collapse, and we left immediately," he said.Police arrived quickly, within about a minute, Rogalski said, and he went outside to find throngs of people and paramedics trying to help the injured. Firefighters soon arrived and pushed everyone back about four blocks in case of another explosion, he said."Paramedics pulled writhing people on the street to safety," he said, adding that he saw bystanders using their own shirts to treat injuries.The Durham School of the Arts is nearby and reported no injuries but said it was sending students home early. Students without transportation will be taken to the Brogden Middle School auditorium to wait for their parents, the school said.The building where the blast occurred is a former Studebaker dealership that now appears to host other businesses, including a coffee shop and a mental health clinic. Aerial video showed the two-story building missing its roof and back wall, the inside filled with charred debris.Four other buildings were damaged, officials said. The city observed the 150th anniversary of its founding on Wednesday. 4288

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