WASHINGTON — Federal Reserve officials are signaling that they will take an aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy. In minutes from their March policy meeting, released last week, Fed officials said that [...]
Central Ohio’s office market is showing signs it continues to recover from the COVID-19 health crisis, according to a new report from real estate consulting firm Colliers. In the first quarter of 2022, the region’s office market experienced positive net absorption for the first time since the pandemic began in March 2020, according to the [...]
PORTLAND, Maine (AP) — The Navy that once wanted smaller, speedy warships to chase down pirates has made a speedy pivot to Russia and China — and many of those recently built ships could be retired. The U.S. Navy wants to decommission nine ships in the Freedom-class of littoral combat ships — warships that cost [...]
NEW YORK (AP) — Nursing home residents are subjected to ineffective care and poor staffing, while facility finances are shrouded in secrecy and regulatory lapses go unenforced, according to a report last Wednesday that called for wholesale changes in an industry whose failures have been spotlighted by the pandemic. To anyone who saw the scourge [...]
WASHINGTON (AP) — More than two years into the COVID-19 pandemic, United States health officials are beginning to grapple with how to keep the vaccines updated to best protect Americans from the ever-changing coronavirus. Last Wednesday, a panel of vaccine advisers to the Food and Drug Administration spent hours debating key questions for revamping the [...]
WASHINGTON — A sweeping overhaul of the U.S. Postal Service meant to shore up the popular but beleaguered agency's financial future and cement six-days-a-week mail delivery was signed into law last week by President Joe Biden. The legislation cleared Congress last month after fully a dozen years of discussion that took on a new sense [...]
DETROIT — A judge has ordered the demolition of the deteriorating Packard auto plant in Detroit, finding that it had become a public nuisance. Wayne County Circuit Court Judge Brian Sullivan wrote in an order that the plant's Peruvian owner, Fernando Palazuelo, and his company, Arte Express Detroit, must remove all rubbish and debris from [...]
NORTH MIAMI BEACH, Fla. — Residents of a five-story apartment building near Miami evacuated this week after an engineer said its foundation was unsound, as officials heighten focus on the safety of aging buildings following last year's deadly Surfside condominium collapse. The evacuations were at the Bayview 60 Homes tower, built in 1972 in North [...]