News from the South - North Carolina News Feed

Why NC’s treasurer thinks the state pension plan could be more aggressive

Published

3 months ago

March 24, 2025

www.youtube.com – WRAL – 2025-03-24 03:49:04

SUMMARY: North Carolina’s new State Treasurer, Brad Brer, aims to make the state pension plan more aggressive to achieve higher returns, comparing the current investment strategy to driving too slowly. He suggests potentially investing in assets like Bitcoin, albeit cautiously, starting with a very small percentage despite legislative allowance for up to 10%. Brer also faces a significant deficit in the State Health Plan. His proposed solutions include seeking more funding from lawmakers and implementing a sliding scale for premium increases. He also intends to reinstate coverage for weight loss drugs, viewing them as a long-term cost-saving measure. While acknowledging the need for legislative cooperation, Brer believes his role is largely non-political.

North Carolina State Treasurer Brad Briner left a career in high finance to pursue one of the highest-pressure roles in state government. Briner oversees the state pension plan and the state health plan, which serve hundreds of thousands state government employees, retirees and their families. Briner recently spoke with WRAL’s Dan Haggerty about everything from investment strategies to coverage of weight-loss drugs. Haggerty offers highlights from their wide-ranging conversation.

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News from the South - North Carolina News Feed

Red flags when you're buying or selling a used car

Published

15 hours ago

July 4, 2025

Staff Editor

www.youtube.com – WRAL – 2025-07-04 22:04:49

SUMMARY: Buying or selling a used car this summer requires caution due to prevalent scams. July is peak season for used car transactions, attracting scammers targeting both buyers and sellers. John Matarice highlights how easy it is to fall for fake check scams, like Matt Nef, who tried selling a 1948 Packard and received a counterfeit check exceeding his asking price, with requests to send money to a shipping company. Similarly, buyer Dejon Wallace nearly lost $1,200 on a fake check from a seller on Facebook Marketplace. To avoid fraud, always meet in person, never cash checks and send money back, and avoid wiring funds to strangers.

July is typically peak season for buying and selling used cars. Anyone in the market for one or trying to sell their own should be wary of scams.

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News from the South - North Carolina News Feed

What to expect traveling for July 4: roads, weather, air travel

Published

1 day ago

July 4, 2025

Staff Editor

www.youtube.com – ABC11 – 2025-07-04 12:22:13

SUMMARY: Many Americans are traveling extensively this July 4th, with airports and roads packed for the holiday weekend. However, severe weather is causing significant disruptions. In Texas, heavy rainfall triggered flash floods near Kerrville, leading to evacuations and multiple deaths. The Northeast also faces storms, resulting in over 100,000 power outages across New York, Pennsylvania, New Jersey, and Massachusetts. New Jersey reported at least three storm-related deaths. Despite weather challenges, air travel is expected to hit a record with nearly 6 million domestic passengers, while over 61 million are predicted to travel by car. Gas prices are at their lowest July 4th average since 2021.

While the airports and roads have been packed, severe weather has also been causing major problems. ABC’s Olivia Rubin has more.

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News from the South - North Carolina News Feed

A July 4th “must read”: The Declaration of Independence

Published

1 day ago

July 4, 2025

Staff Editor

ncnewsline.com – Staff – 2025-07-04 05:17:00

SUMMARY: On July 4, 1776, thirteen American colonies declared independence from British rule, citing King George III’s repeated abuses and denial of rights. The Declaration of Independence asserts that all men are created equal, endowed with unalienable rights to life, liberty, and the pursuit of happiness. Governments derive legitimacy from the consent of the governed and must be altered or abolished if destructive to these rights. After numerous grievances—such as unlawful laws, taxation without consent, military oppression, and judicial manipulation—the colonies declared themselves free and independent states, pledging mutual support for their new nation’s liberty and security.

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