Salem Radio Network News Sunday, June 13, 2021

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News reports from around the world.

Ally Financial says it is ending overdraft fees

Sun, Jun 6, 2021 at 12:27 pm

Ally Financial says it is ending overdraft fees entirely on all of its bank products, becoming the first large U.S. bank to end overdraft fees across its entire business

VERBATIM: Ally cited specifically the impact that overdraft fees have on Black and Latino households. They are historically poorer than their white counterparts and are hit with overdraft fees more often. It’s a major move by Ally, one of the nation’s largest banks, and for the industry, which has been reliant on overdraft fees for decades to boost profits, often at the expense of poorer Americans who can’t afford to pay such fees in the first place.

 

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Airline industry is speeding up its campaign to allow more international travel

Sun, Jun 6, 2021 at 12:25 pm

The airline industry is speeding up its campaign to allow more international travel

VERBATIM: Airlines are looking for leaders of the wealthy G7 countries to take steps next week toward easing border restrictions and allowing more international travel. The airline industry’s main trade group, the International Air Transport Association, says governments should use screening measures, such as testing passengers for the virus, rather than imposing quarantines and other restrictions. The group says studies show travelers pose little risk of spreading COVID-19.

 

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A key Democratic senator says he won’t vote for his party’s overhaul of U.S. election law

Sun, Jun 6, 2021 at 12:17 pm

A key Democratic senator says he won’t vote for his party’s overhaul of U.S. election law

(verbatim)
West Virginia Sen. Joe Manchin is defying his party and the White House and virtually guaranteeing the failure of the legislation after a near party-line approval in the House. Manchin writes in a home-state newspaper that “voting and election reform that is done in a partisan manner will all but ensure partisan divisions continue to deepen.”

 

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WHO unveils new system for naming coronavirus variants

Tue, Jun 1, 2021 at 11:27 am

The World Health Organization has unveiled a new system for naming coronavirus variants. Letters of the Greek alphabet are now being used for coronavirus variants, instead of alphanumeric numbers such as B.1.351. The W-H-O hopes the move will simplify discussion and pronunciation while avoiding stigma. Since the pandemic began, the names people have used to describe the virus have provoked controversy. The W-H-O has said people should avoid using country names in association with emerging variants.

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Moderna applies for full U.S. approval of its COVID-19 vaccine

Tue, Jun 1, 2021 at 11:26 am

Moderna has started an application for full U-S approval of its COVID-19 vaccine. The American pharmaceutical company says it has begun the process to win full U-S regulatory approval for the use of its COVID-19 vaccine in adults. Moderna’s vaccine already has been cleared for emergency use by the FDA. It’s the second COVID-19 vaccine maker to seek full approval, following Pfizer and German partner BioNTech.

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Independent booksellers have — so far — avoided disaster

Sun, May 30, 2021 at 3:38 pm

Through the first year of the pandemic, the country’s independent booksellers have — so far — avoided disaster

VERBATIM:

The American Booksellers Association says membership has increased increased by 66 to 17-hundred-01 since May of last year. The additions are combination of brand-new stores and existing ones that joined the trade group. While association CEO Allison K. Hill and others had feared that hundreds of stores could go out of business during the 2020-21 holiday season, the ABA has tallied just 14 closings this year so far, along with more than 70 last year. Rich Thomason reporting.

 

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California, U.S. gov’t agree to allow massive wind energy farms off the state’s central, northern coasts

Sun, May 30, 2021 at 3:30 pm

California and the U.S. government have agreed to allow massive wind energy farms off the state’s central and northern coasts

VERBATIM:

The pact would float hundreds of turbines off the coast of Morro Bay and Humboldt Bay. It has been promoted as a breakthrough to eventually power 1.6 million homes. The plan would place 380 turbines some 20 miles off the coast of scenic Morro Bay. Officials plan to finalize the locations next month and could offer leases for sale next year.

 

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Massive new $1.73 billion concourse with 15 gates has opened at L-A International Airport

Sun, May 30, 2021 at 3:28 pm

A massive new $1.73 billion concourse with 15 gates has opened at Los Angeles International Airport

VERBATIM:

The West Gates expansion is now in service, following a ceremony marking more than four years of work as part of a $14.5 billion airport modernization project. The concourse will serve international and domestic flights. Located just west of the Tom Bradley International Terminal, the five-level, 750,000-square-foot West Gates concourse is 1,700 feet long. Officials say it is based around a digitally based travel experience.

 

 

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Push to remove Confederate names from Pentagon properties continues

Sun, May 23, 2021 at 11:24 am

The push to remove Confederate names from Pentagon properties continues

An eight-member commission will visit the U.S. Military Academy at West Point, New York with barracks named for Robert E. Lee, commanding general of the rebel army of the Confederate States of America. Such bases as Fort Bragg, North Carolina, Fort AP Hill in Virginia and Fort Benning in Georgia could also be changed because they were named after officers who left the Union ranks to join the Confederacy. The commission is required by Congress to consider renaming “anything that commemorates the Confederate States of America or any person that served voluntarily with the Confederate States of America.” Keith Peters Washington

 

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Mortgage grace period coming to an end for homeowners

Sun, May 23, 2021 at 11:23 am

Homeowners were given more opportunity to pause their mortgage payments because of the financial ravages of the pandemic, but that relief is slowly coming to an end

VERBATIM: About 3 million people are behind on their mortgage, the most at any time since the Great Recession. About 2 million are in forbearance plans, providing a reprieve of a year or more from making payments. Some are beginning to exit these arrangements, and experts expect the pace to pick up soon, with as many as 1.7 million borrowers exiting in September. Regulators warn mortgage servicers to be prepared for the onslaught. Rich Thomason reporting.

 

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Boeing deliveries of new planes slumped in April

Sun, May 16, 2021 at 1:17 pm

Boeing deliveries of new planes slumped in April, as the company worked to fix an electrical-grounding problem on some 737 Max jetliners

VERBATIM:

Boeing says it delivered 17 planes in April, including just four Max jets. CEO David Calhoun had warned investors about the light Max shipments last month. The slow pace of deliveries hurts Boeing’s cash generation because airlines and other customers usually pay a large part of the purchase price at delivery.

 

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As COVID cases come down, wages — at least for some workers — are going up

Sun, May 16, 2021 at 1:14 pm

As the number of COVID cases comes down, wages — at least for some workers — are going up

VERBATIM:

McDonald’s, Sheetz and Chipotle are just some of the latest companies to follow Amazon, Walmart and Costco in boosting pay. It could contribute to inflation. Whether it will remains to be seen. Many businesses say they’re having a tough time finding workers. One analyst says “Customers are coming back faster than restaurants can staff up.” Others say more generous, pandemic-era unemployment benefits are a disincentive for people to go back to work. Rich Thomason reporting.

 

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Delaware pharmaceutical company agrees to pay $12.6 million to resolve kickback allegations

Sun, May 9, 2021 at 10:44 am

A Delaware pharmaceutical company has agreed to pay $12.6 million to resolve allegations that it violated the federal False Claims Act by paying kickbacks

VERBATIM: Federal officials say the settlement resolves allegations that Incyte Corporation improperly used an independent foundation to cover copays of certain people taking the company’s cancer drug Jakafi from 2011 to 2014. Officials say the scheme resulted in Incyte causing false claims for Jakafi to be submitted to Medicare and to the federal health care program for military members. Incyte denies any wrongdoing and says the settlement agreement is not an admission of liability.

 

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There’s concern about a possible “boom to bust” scenario in London

Sun, May 2, 2021 at 11:45 am

There’s concern about a possible “boom to bust” scenario in London

VERBATIM:

Brexit and the coronavirus pandemic have slammed Britain’s capital in a perfect storm. In 2021, the city has fewer people, fewer businesses, starker divisions and tougher choices than anyone could have expected not that long ago. Later this week Londoners will elect a mayor whose performance will help determine whether this is a period of decline for Europe’s biggest city — or a chance to reinvent itself and do things better. Rich Thomason reporting!

 

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Samsung Electronics says its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic

Sun, May 2, 2021 at 11:44 am

Samsung Electronics says its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic

VERBATIM:

The South Korean tech giant also says its quarterly revenue of $59 billion was its highest for the first three months of the year. Samsung is coming off a robust business year. It’s success is due to its dual strength in parts and finished products, which allowed the company to benefit from the pandemic and the prolonged trade war between United States and China.

 

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A California man has pleaded guilty in a scheme to bilk the Afghanistan government out of more than $100 million with a phony bid to build an electric grid

Sun, May 2, 2021 at 11:43 am

A California man has pleaded guilty in a scheme to bilk the Afghanistan government out of more than $100 million with a phony bid to build an electric grid

VERBATIM:

The U.S. attorney’s office says Saed Amiri of Granite Bay pleaded guilty to wire fraud in Los Angeles. Prosecutors say in 2015 and 2016 he submitted a bid for a U.S.-funded contract to build five power substations in Afghanistan. Authorities say he submitted phony documents to support a claim that his Afghanistan company had previous substation construction experience.

 

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Authorities in Wisconsin say a gunman killed two people at a Green Bay casino last night and seriously wounded a third person

Sun, May 2, 2021 at 11:40 am

Authorities in Wisconsin say a gunman killed two people at a Green Bay casino last night and seriously wounded a third person

 

VERBATIM:

Police shot and killed the gunman after the casino incident.

Investigators believe the gunman targeted a specific person he was angry at, but that person wasn’t at the Oneida Casino at the time.

So says the Brown County Sheriff’s Office.

A sheriff’s deputy says the gunman apparently still chose to shoot some of the victim’s co-workers or friends.

 

 

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Chinese hackers believed to have spied for months on dozens of U.S. and European targets

Sun, Apr 25, 2021 at 11:21 am

A prominent cybersecurity firm says suspected state-backed Chinese hackers exploited widely used networking devices to spy for months on dozens of high-value government, defense industry and financial sector targets in the U.S. and Europe

VERBATIM: FireEye says it believes two hacking groups linked to China broke into several targets through Pulse Connect Secure devices, which numerous companies and governments use for secure remote access to their networks. The new disclosure comes at a time of heightened interest in U.S. cybersecurity defenses. U.S. officials are still grappling with the aftereffects of the SolarWinds intrusion, which affected the Treasury, Justice and Homeland Security departments.

 

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Idaho Senate approves bill allowing state to hire private contractors to kill roaming wolves

Sun, Apr 25, 2021 at 11:20 am

The Idaho Senate has approved legislation allowing the state to hire private contractors to kill up to 90% of the wolves roaming Idaho

VERBATIM: The agriculture industry-backed bill includes additional changes intended to cut the wolf population from about 1,500 to 150. Backers say there are too many wolves and they are attacking cattle, sheep and wildlife. Opponents say the legislation threatens a 2002 wolf management plan involving the federal government that could ultimately lead to the U.S. Fish and Wildlife Service taking back control of managing the state’s wolves. About 500 wolves have been killed in Idaho in each of the past two years.

 

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Low-fare airlines reservations systems affected by malware attack

Sun, Apr 25, 2021 at 11:18 am

Another business has been hit by hackers

A malware attack is still affecting reservations systems at about 20 low-fare airlines around the world. The airlines use an American technology provider called Radixx. They company says it noticed unusual activity in its reservations program on Tuesday and is still working to restore service. Radixx is owned by Texas-based Sabre Corp. The timing could hardly be worse for start-up Avelo Airlines, which can’t process reservations as it prepares for its first flight next week in California. Keith Peters reporting.

 

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Another black-eye for labor unions

Sun, Apr 25, 2021 at 11:17 am

Another black-eye for labor unions

 

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Hawaii lawmakers to delay government pay raises because of COVID

Sun, Apr 18, 2021 at 9:33 am

State lawmakers in Hawaii are moving to delay pay raises scheduled for themselves, the governor and judges because of the economic damage from the coronavirus pandemic

VERBATIM: Pay raises of 10% were scheduled to take effect for state legislators July 1 as recommended by the state Salary Commission. Instead, a bill that the House initially approved last week will defer the raises until January 2023. Governor David Ige (EE’-gay) says he supports suspending the pay raises and that he already told his Cabinet that he wouldn’t accept his raise.

 

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It’s an international crime that continues to confound law enforcement worldwide

Sun, Apr 18, 2021 at 9:28 am

It’s an international crime that continues to confound law enforcement worldwide

VERBATIM:

A global epidemic of digital extortion known as ransomware is crippling local governments and hospitals, school districts and businesses, by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it. One big reason: Ransomware rackets are dominated by Russian-speaking cybercriminals who are shielded – and sometimes employed – by Russian intelligence agencies. That’s according to security researchers, U.S. law enforcement and the Biden administration. Rich Thomason reporting.

 

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Department stores are endangered species

Sat, Apr 17, 2021 at 12:01 pm

Department stores are endangered species. Correspondent Ken Lormand explains.

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Editorial Cartoons

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Steve Breen
Sat, Jun 5, 2021

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