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Karl W. Smith: How America can get its debt back under control

Published Sat, 08 Feb 2025 02:31:51 GMT

With its $33.7 trillion of debt and trillion-dollar budget deficit, the U.S.’s deteriorating fiscal situation is impossible to ignore. To simply balance the budget, a 29% across-the-board cut in spending would be necessary, even if the tax cuts enacted by the Trump administration are allowed to expire at the end of 2025.Rising interest rates have made the situation even worse. Analysis by Bloomberg Economics’ Maeva Cousin and David Wilcox shows that what appeared to be a sustainable debt situation just a few years ago has become thoroughly unsustainable. No wonder Fitch Ratings joined S&P Global Ratings in stripping the U.S. of its AAA credit rating, and Moody’s Investors Service warned it may do the same.But while everyone is focused on the spending side of the equation, perhaps the way out of this debt quagmire is on the economic side.Related ArticlesOpinion | Jamelle Bouie: When it comes to disdain for democracy, Trump has company Opinion | ...

Trudy Rubin: It will take more than the Israeli military to beat Hamas

Published Sat, 08 Feb 2025 02:31:51 GMT

Is it possible that Israel could win a military victory in Gaza and still lose the war?I understand the reason for Israel’s invasion of Gaza to destroy Hamas, which carried out a hideous terrorist attack murdering more than 1,000 civilians in one day. Any government would have done the same, especially since Hamas, which favors the destruction of Israel and all the Jews within, has publicly called for more such attacks.Yet even if Israel achieves military success — meaning the destruction of Hamas infrastructure and leadership and release of hostages — what comes afterward will define whether Israel has strengthened its security, or paved the way for the next version of Hamas.The definition of victory in Gaza cannot be measured just in military terms.Why so? I agree with Ami Ayalon, who headed Shin Bet, Israel’s domestic intelligence service, from 1995-2000. “Hamas is not just a military capability; it is an ideology,” he told me via phone from Is...

Gov. Hochul vetoes bill to reinstate limo safety task force

Published Sat, 08 Feb 2025 02:31:51 GMT

ALBANY, N.Y. (NEWS10)--- The governor vetoed more than 30 bills that would have created and extended various commissions and task forces because they cost the state too much money.This included the limo safety task force, which was made up of state agency leaders, business owners, and family members who lost loved ones. It provided recommendations to the state as to how to make limos safer. However, the bills that would have made their recommendations law, didn’t pass both houses.Now, the governor is endorsing those bills as a part of The Stretch Limousine Passenger Safety Act which includes:• Requiring a minimum $10,000 fine for operating a suspended limo and seizure of license plates.• Requiring limos be equipped with enhanced safety features: window break tools, fire extinguishers, and roll-over protection.• Prohibiting the operation of a limousine that is over 10 years old or has milage exceeding 350,000 miles, whichever is first."Hopefully we’re going to be able to put together...

Three people charged with Capital Region check scam

Published Sat, 08 Feb 2025 02:31:51 GMT

TROY, N.Y. (NEWS10) -- Three people have been arrested following an investigation into a check scam in the Capital Region, according to police. Jahquel Robertson, 28, of Troy, Anisa Figueroa, 29, of Troy and Erik Aponte Ortiz Jr., 30, of Albany, are all facing multiple charges. Get the latest news, weather, sports and entertainment delivered right to your inbox! The investigation by state police determined that Aponte Ortiz was given a forged check by Robertson and Figueroa that was allegedly planned to be cashed at a financial institution in East Greenbush. Police intercepted Aponte Ortiz, placed him into custody and seized the forged check, additionally finding him to be in possession of a controlled substance. After the arrest of Aponte Ortiz, Robertson and Figueroa were stopped in a car together on I-787 in Colonie and were both taken into custody. Police located multiple fraudulent checks within their vehicle. Duanesburg woman arrested following stolen check investigation...

New facilities at Kelley Park to include pickleball, basketball courts

Published Sat, 08 Feb 2025 02:31:51 GMT

BALLSTON SPA, N.Y. (NEWS10) -- A revitalization project to construct three new pickleball courts and a full basketball court is underway at Kelley Park. Mayor Frank Rossi announced on Sunday that a new asphalt surface has been installed, thanks to the Department of Public Works, Evolution Construction Services, LLC, and Pompa Bros. Inc. Stone Quarry. Get the latest news, weather, sports and entertainment delivered right to your inbox! The Village of Ballston Spa is also working with Saratoga County to get funding for new fencing around and inside the asphalt area. The new facilities are expected to open in the spring. Organizers will also look into creating an online reservation system for the courts. Residents can expect additional announcements as more progress is made.

Negotiators working on deal with Hamas to free hostages

Published Sat, 08 Feb 2025 02:31:51 GMT

WASHINGTON (NEXSTAR) -- President Joe Biden confirmed Monday that a deal to bring home some of the hostages held by Hamas is getting closer. Deputy National Security Advisor, Jon Finer, said on “NBC’s Meet the Press” that negotiators are working to secure the release of hostages in exchange for more aid into Gaza.“Some of the outstanding areas of disagreement in a very complicated very sensitive negotiation have been narrowed,” Finer said. Get the latest news, weather, sports and entertainment delivered right to your inbox! Finer says Israel, the U.S. and Qatar have been negotiating a hostage release for weeks.Hamas is believed to have taken roughly 240 hostages during its deadly October 7th attack in Israel.“Hamas is holding the elderly hostage,” IDF Spokesperson, Rear Admiral Daniel Hagari said.Over the weekend, Israeli defense officials released new footage they say proves Hamas was using a hospital in Gaza for military activities, including holding hostages, something Hamas st...

Denver Mayor Mike Johnston still hasn’t named leaders for several critical posts, from sheriff to city planning

Published Sat, 08 Feb 2025 02:31:51 GMT

Four months into his tenure as Denver’s mayor, Mike Johnston still has holes to fill on his administration’s leadership chart and is trailing his predecessor in building out his cabinet.Johnston’s slower pace of naming appointees — including several for key cabinet-level positions charged with helping shape public safety, development and infrastructure in the city — has caught the attention of political observers.“It’s surprising,” said Paul Teske, the dean of the University of Colorado Denver’s School of Public Affairs. “Watching Mike over the years, he’s always had smart people working with him. He’s a very well-networked guy.”Of 60 appointed positions under the mayor’s control, 11 were either vacant or occupied by interim or acting leaders as of Friday, according to a list provided by the administration. Five of them are positions spelled out in the city charter.The missing pieces include permanent leaders fo...

Tattered Cover, leaner and with a lender, sounds optimistic at hearing

Published Sat, 08 Feb 2025 02:31:51 GMT

After shedding three stores and one-fourth of its employees, and securing $1.3 million in new financing, Tattered Cover is on track to emerge from bankruptcy before long.Testifying under oath at a bankruptcy hearing Friday afternoon, CEO Brad Dempsey said the bookstore chain, which filed for Chapter 11 in October, intends to be out of bankruptcy “at the beginning of next year.”That expedited timeline is made possible by the closure of stores in LoDo, Westminster and Colorado Springs, according to Dempsey, who is also a bankruptcy attorney. The company’s permanent staff has shrunk from 103 to 74, not counting eight seasonal workers.“The closure of the three stores is important because it reduces the amount of inventory we need to finance,” Dempsey said. Books from those stores have already been shipped to the remaining four locations and all furniture will be moved out by Monday, he added.“Unfortunately, we have laid off a number of employees from those (closed) stores,” Dempsey said...

CU football notes: Third down defense a struggle for Buffs

Published Sat, 08 Feb 2025 02:31:51 GMT

There have been some positives for the Colorado defense this year.Among the highlights, the Buffaloes have been dramatically better in creating turnovers and sacks this year than the 2022 version of the Buffs.Overall, however, it’s certainly been a roller coaster ride for the defense and one issue that has plagued the Buffs (4-7, 1-7 Pac-12) almost all season is the inability to get off the field enough on third downs.Related Articles Keeler: Jay Norvell’s CSU Rams ain’t easy to find. But unlike Deion Sanders’ CU Buffs, they ain’t hard to watch in November Brayden Fowler-Nicolosi, CSU Rams creep closer to bowl eligibility with 30-20 win over Nevada PHOTOS: The CSU Rams beat the Nevada Wolf Pack at Canvas Stadium Under the weather: Coach Prime’s CU Buffs hit low point at Wazzu Keeler: Deion Sanders, CU Buffs, please shut QB Shedeur Sanders down. Before Utah Utes finish what Wazzu started...

Men’s basketball: CU Buffs move up to No. 18 in AP top 25

Published Sat, 08 Feb 2025 02:31:51 GMT

DAYTONA BEACH, Fla. — The hot start compiled by the Colorado men’s basketball team continues to draw national attention.Prior to the Buffaloes tilt against Richmond on Monday night at the Sunshine Slam, CU learned it had moved up to No. 18 in this week’s Associated Press top 25. The Buffs made their season debut in the poll last week at No. 25.Related ArticlesCollege Sports | Women’s basketball: CU Buffs move up to No. 3 in latest AP Top 25 rankings College Sports | RJ Smith fitting into bench role for No. 25 CU Buffs men’s basketball College Sports | Women’s basketball notes: Aaronette Vonleh dominant for CU Buffs in victory over LSU College Sports | CU Buffs women’s basketball leans on dynamic duo at point guard College Sports | CU Buffs men’s basketball lineup takes shape with season opener a week away The Buffs received 241 points in this week’s poll, a substantial increase from the 78 points C...