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Federal Reserve cuts key interest rate

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www.youtube.com – 11Alive – 2024-11-07 16:38:45

SUMMARY: The Federal Reserve approved a second consecutive interest rate cut, lowering the benchmark borrowing rate by a quarter percentage point to between 4.5% and 4.75%. This rate influences consumer borrowing for mortgages, credit cards, and auto loans. Fed Chair Jerome Powell stated that the Fed remains open to further cuts but must balance reducing policy restraint to avoid hindering inflation progress against the risk of weakening economic activity and employment. The goal is to achieve a soft landing for the economy, reducing inflation without triggering a recession.

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Remaining YSL defendants learn their fates

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www.youtube.com – FOX 5 Atlanta – 2024-12-03 12:47:13

SUMMARY: In a concluding session of the YSL trial, defendants Diamon Kendrick (Yakti) and Shannon Stillwell learned their fates. Kendrick was acquitted of all charges, including murder, while Stillwell was found guilty of possession of a firearm by a convicted felon and sentenced to 10 years, with credit for time served. Jurors deliberated for four days, rejecting allegations that the defendants were part of a violent gang conspiracy. Both defense teams expressed satisfaction with the verdicts, noting the jury’s careful consideration of evidence. Despite the outcomes, both men remain in custody due to additional pending cases.

The remaining YSL defendants — Deamonte Kendrick and Shannon Stillwell — in the current trial learned their fates in a Fulton County courtroom this morning. Both men were found not guilty of the most serious charges.

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Bystanders rescue driver after car goes over cliff in California

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www.youtube.com – 11Alive – 2024-12-03 07:54:59

SUMMARY: A loud bang startled bystanders on Westcliff Drive in Santa Cruz, where a woman in a Nissan drove through an intersection, crashed into another car, and then reversed into the ocean. Eyewitnesses speculated whether the act was accidental or intentional. Two bystanders jumped into the water to rescue her, and she was later taken to a hospital with minor injuries, surprising authorities given the circumstances. The fire department praised the bystanders for their quick actions, stating that their timely intervention was crucial in saving the woman’s life.

Police in Santa Cruz, California, say a woman drove her car over a cliff into the ocean on Monday.

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YSL RICO trial defendant stabbed in jail | FOX 5 News

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www.youtube.com – FOX 5 Atlanta – 2024-12-02 16:19:38

SUMMARY: Damonte Kendrick, one of the final two YSL defendants, is recovering after being stabbed in jail. His attorney reported that Kendrick is alert and expected to make a full recovery, despite needing stitches. The incident occurred during a physical altercation at the Fulton County Jail. As a jury deliberates Kendrick’s fate for alleged gang-related crimes, they have requested to review evidence, including music and surveillance videos. Kendrick’s attorney argues that the prosecution has not proven their case under the RICO Act. The jury, after a three-day deliberation, has taken a break for lunch before resuming.

YSL defendant Deamonte Kendrick was stabbed in jail on Sunday. However, he was back in court on Monday morning. The jury is still deliberating the fate of the last two defendants in the current trial.

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