U.S. Steel sale kicks up political storm
PITTSBURGH (AP) — Generations of Pittsburgh residents have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird's eye view of the massive Edgar Thomson Works, the region's last blast furnace. Now, Steeltown USA's most storied steel company, U.S. Steel, is on the cusp of [...]
Source: NBA agrees to terms on a record 11-year, $76 billion media rights package
The NBA has agreed to terms on its new media deal, a record 11-year agreement worth $76 billion that would assure player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come. A person familiar with the negotiations told The Associated [...]
Bill expands ‘debt-adjusting’ definition to include help for debtors
A Warren County state lawmaker has proposed legislation to give Ohioans who struggle with mounting consumer debt another option to potentially ease their financial burdens. Rep. Scott Lipps of Franklin said debt-laden individuals who face financial difficulty have been limited to either credit counseling or bankruptcy. “Amid ever-increasing levels of unsecured consumer debt, Ohioans need [...]
Insurers hike rates as extreme storms such as Beryl proliferate
NEW YORK — Destructive storms such as Hurricane Beryl that knocked out power to 3 million homes and businesses in Texas are growing more frequent and intense, and insurers are jacking up rates in response. That could mean big profits for property and casualty insurers such as Allstate and Progressive in the coming year. Investors [...]
Congress OKs bill overhauling oversight of troubled prison bureau
WASHINGTON (AP) — The Senate passed legislation last week to overhaul oversight and bring greater transparency to the crisis-plagued federal Bureau of Prisons following reporting from The Associated Press that exposed systemic corruption in the federal prison system and increased congressional scrutiny. The Federal Prison Oversight Act, which the House passed in May, now goes [...]
Age is just a number in drag racing, where older drivers still excel
Tony Schumacher has a ready answer when fans wonder how much longer the 54-year-old, three-time world champion will keep climbing drag racing's ladder in the National Hot Rod Association. "About 10 years," Schumacher said. "That's what I've told them for the past 20 years." Age is just a number in drag racing, where cars hurtle [...]
Federal Reserve’s preferred inflation gauge shows price pressures easing
WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. The Commerce Department report showed that consumer prices were flat from April to May, the mildest such performance in more than four years. Measured from a year earlier, prices [...]
Few have flood insurance to help them recover from recent storms
SOUTH SIOUX CITY, Neb. — Rick Satterwhite's house backs up to the Missouri River, but flood insurance hadn't really seemed necessary — until last week, when he had to pump water out of his basement after a round of destructive storms. It's not the first time he's had to dry out his basement from floodwater, [...]