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Silicon Valley Bank regulators failed to assess collapsed bank’s risks: report

Published Mon, 23 Dec 2024 09:46:28 GMT

SANTA CLARA — Silicon Valley Bank regulators failed to identify and assess fast-expanding risks that ultimately doomed the collapsed financial high-flyer that catered to the tech sector, a new state report says.State regulators exhibited a sluggish and ineffective response to the hazards that arose from the failed bank’s dramatic growth, uninsured deposits and other problems, according to the report released by the state Financial Protection & Innovation Department — a report that was a self-assessment of the state agency’s missteps.The state financial agency’s report identified several deficiencies on the part of California bank examiners.Among the key findings and recommendations arising from the Silicon Valley Bank failure:The bank failed to address problems and state regulators didn’t push hard enough to address themThe state failed to assess risks unleashed by the bank’s rapid growthState financial officials should better scrutinize...

Bicyclist dead in Hayward’s fifth traffic fatality of 2023

Published Mon, 23 Dec 2024 09:46:28 GMT

HAYWARD — A bicyclist died Sunday night after a collision with a person driving a vehicle, police said.The fatal encounter happened about 10:30 p.m. on eastbound Tennyson Road east of the Interstate 880 on-ramp, according to a statement from Hayward police. Officers arrived to find the bicyclist down.Medics pronounced him dead at the scene. Authorities on Tuesday identified him as Christopher Cassel, 29, of Salinas.The death is the fifth traffic fatality investigated by Hayward police this year.Police spoke with the 27-year-old driver and said alcohol or drug impairment do not appear to be factors.Related ArticlesCrashes and Disasters | Pedestrian killed in hit-and-run in San Jose Crashes and Disasters | One person dead after crash in Livermore on Saturday night Crashes and Disasters | SUV driver hits crowd at Texas bus stop near border; 7 dead Crashes and Disasters | US probes complaint that woman died after being tra...

How ‘High Desert’ brought Patricia Arquette, Matt Dillon and Bernadette Peters together

Published Mon, 23 Dec 2024 09:46:28 GMT

When Patricia Arquette read the script for “High Desert,” the actress knew she wanted to star in the offbeat TV series about a Yucca Valley woman who decides to reinvent herself as a private investigator.“Their voice was very clear,” Arquette says of the “High Desert” creators’ vision. “And they were incredible with comedy and black comedy, and that sort of weird sense of humor that I have. So that was the beginning of this thing.”That was in 2016, a year after Arquette won an Oscar, Golden Globe, and an armful of other prizes for her acting in Richard Linklater’s “Boyhood.” And even though she went on to make such acclaimed TV series as “Escape at Dannemora,” “The Act,” and “Severance” in the years that followed, Arquette never abandoned “High Desert.”Patricia Arquette stars as Peggy in the new Apple TV+ series “High Desert.” (Photo courtesy of Apple TV+)Bernadette Peters, right, stars as Ginger Fox, a not-all-that-successful actress from the ’70s, who also shares...

A loving Australian father has been exposed as a convicted American killer who lived life on the run

Published Mon, 23 Dec 2024 09:46:28 GMT

By Hilary Whiteman | CNNThe bare facts of the case cast American teenager William Leslie Arnold as a murderous villain who shot his parents because they refused to let him take their car to a drive-in in 1958.Then just 16 years old, Arnold buried their bodies in the backyard of the family’s home in Omaha, Nebraska, and went about life as normal for two weeks, until he was confronted and confessed to a crime that saw him sentenced to life in prison.From there, Arnold’s story could have followed the familiar path of a lifer — decades of incarceration before a death noted by some and mourned by few.But Arnold’s escape from prison, while still a young man in 1967, led to a totally different outcome that ended incongruously in Australia, and the death of a man by a different name, who was known as a loving father to a family who had no idea about his secret life.The murdersBlack and white press images from the 1950s show a slight boy being led into the garden of h...

SF supervisor accuses DA of 'contradiction' in handling of Banko Brown case

Published Mon, 23 Dec 2024 09:46:28 GMT

SAN FRANCISCO (KRON) -- One day after San Francisco District Attorney Brooke Jenkins announced that the Bank Brown homicide case is not closed, San Francisco Supervisor Shamann Walton has responded and accused the DA of a "contradiction" in handling the case. Jenkins put out a statement Monday implying that the Walgreens security guard who shot Brown on April 27 could be charged if additional evidence is found. Man who allegedly used clock to record women while they were changing charged by SF DA In a statement Tuesday, Brown said his office had sent a Letter of Inquiry to the DA asking that video footage showing circumstances around Brown's shooting be released, and asking the DA to reconsider not bringing charges against the security guard. The guard, identified as 33-year-old Michael Earl-Wayne Anthony, reportedly shot Brown, a 24-year-old unhoused transgender Black man, in a confrontation over shoplifting.Anthony shot Brown because be "believed he was in mortal danger," accord...

Martinez Amtrak station still closed after mercury found in parking lot Monday

Published Mon, 23 Dec 2024 09:46:28 GMT

Contra Costa Health (CCH) as of Tuesday morning doesn't have an estimated time for the reopening of the Amtrak station in Martinez after it was closed Monday evening when mercury was discovered in the parking lot. The county's hazardous materials team was at the site doing assessment and cleanup overnight and was scheduled to return Tuesday morning. Man who allegedly used clock to record women while they were changing charged by SF DA CCH confirmed the presence of mercury in the parking lot of the train station at 6:57 p.m. Monday after investigating a reported hazardous spill there around 5:45 p.m. CCH said it had no information that anyone has been harmed. The train station closed and passengers disembarked, the agency said. Copyright © 2023 Bay City News, Inc.

Posts show Texas mall gunman researched attack for weeks

Published Mon, 23 Dec 2024 09:46:28 GMT

ALLEN, Texas (AP) — Posts by Mauricio Garcia on a Russian social networking site suggest that he planned for weeks before he opened fire at a suburban Dallas shopping mall last weekend, killing eight people and wounding seven others.Garcia, 33, researched when the mall in Allen was busiest — Saturday afternoons — and posted photos on social media in mid-April of a store near where he ultimately started his attack last Saturday, which ended with police killing him. Among the dead were two elementary school-age sisters, a couple and their 3-year-old son, and a security guard.His online activity also betrayed a fascination with white supremacy and mass shootings, which he described as sport. Photos Garcia posted showed large Nazi tattoos on his arm and torso, including a swastika and the SS lightning bolt logo of Hitler’s paramilitary forces.The online activity have contributed to an emerging picture of Garcia. He was discharged from the Army in 2008 because of mental health issues and...

Judge activated by the Yankees after missing 10 games

Published Mon, 23 Dec 2024 09:46:28 GMT

NEW YORK (AP) — Aaron Judge was reinstated from the injured list by the New York Yankees and the record-setting slugger is expected back in the lineup Tuesday night against the Oakland Athletics.The reigning AL MVP hasn’t played since April 27 because of a right hip strain. He is batting .261 with six home runs, 14 RBIs and an .863 OPS in 26 games during his first season as Yankees captain.New York (19-17) went 4-6 without Judge, averaging just 3.5 runs per game despite scoring seven in each of the past two. He becomes the second regular in a week to rejoin the injury-riddled Yankees; fellow outfielder Harrison Bader has been on a tear at the plate since coming back from a strained left oblique muscle and making his season debut May 2 versus Cleveland.Designated hitter Giancarlo Stanton (left hamstring strain) and third baseman Josh Donaldson (right hamstring strain) remain on the IL, along with several key pitchers including Luis Severino and Carlos Rodón.New York began the d...

UEFA aims to fairly share revamped Champions League money

Published Mon, 23 Dec 2024 09:46:28 GMT

GENEVA (AP) — UEFA expects revenue from broadcasters and sponsors to rise about 33% for its revamped club competitions in 2024, and pledged Tuesday to spread most of any surplus among lower-ranked leagues if total sales approach 5 billion euros ($5.5 billion). The Champions League currently drives global revenue of 3.6 billion euros ($3.9 billion) for UEFA club competitions for each of the three seasons from 2021 to 2024. UEFA’s confidence is based on a first wave of broadcast deals including Britain, France and the United States for the 2024-27 seasons, when the men’s competitions will add more games because of an expanded format. “We are working on (both) conservative and more optimistic projections in a range I would say between 4.6 billion and 4.8 billion (euros),” UEFA competitions director Giorgio Marchetti said Tuesday in a briefing. Changes to the Champions League format were finalized last year following the failed launch of a breakaway Super League by 12 storied clubs in 2...

Amazon begins offering physical products in games, VR

Published Mon, 23 Dec 2024 09:46:28 GMT

WASHINGTON (AP) — Amazon wants you to buy something while you’re having fun.On Tuesday, the company launched a new service, called “Amazon Anywhere,” that will allow customers to purchase physical products from its online store while playing video games or interacting in virtual reality.With the new service, customers can purchase items from Amazon without having to leave the game, or whatever mobile app they might be using, the company said.The program mirrors similar efforts by companies like Nike and Gucci, who’ve launched initiatives aimed at attracting gamers and shoppers in the metaverse. But most shopping options launched in virtual worlds offer virtual goods, or other digital items – not physical products. Amazon said its new service will be launched within Peridot, an augmented reality game from Pokémon Go developer Niantic. The retailer said gamers can link their Amazon account to the game, and purchase T-Shirts, hoodies, phone accessories and throw pillows featuring...