[Baltimore Sun] Baltimore man charged in Aug. 2 homicide in Edgewood
A Baltimore man has been charged in the Aug. 2 homicide of Edgewood resident Tyrell Polley. Read More
[Fox Business] White House clean energy czar uses estimates from collapsed bank to support Biden admin’s ESG initiative
Senior White House adviser John Podesta amplified predictions from a problem-plagued Swiss bank in an effort to support the Biden administration’s plans related to environment, social and governance (ESG).
Speaking from the White House on Wednesday, Podesta, who was tapped by Biden in September 2022 to serve as senior adviser to the president for clean energy innovation and implementation, insisted that “analysis” from Credit Suisse that suggested a majority of “solar deployment in the U.S.” would be from solar panel manufacturers in the United States.
“Credit Suisse did an analysis that suggested that 90% of solar deployment in the U.S. will be supplied by solar manufacturers in the United States. … solar panel manufacturers in the United States,” he said.
Podesta’s remarks came as he discussed the administration’s green goals and efforts to bring more jobs to America as it relates to climate initiatives and clean energy.
CREDIT SUISSE SHEDS NEARLY 25%, KEY BACKER SAYS NO MORE MONEY
“This is beyond hilarious: Biden Climate Adviser John Podesta just used forecasts by Credit Suisse to support the admin’s ESG plans… Reminder: Credit Suisse collapsed this year because, after years of fraud/scandal, many of their own customers deemed the bank *not* trustworthy,” Will Hild, executive director of Consumers’ Research noted in a post shared on X, formerly known as Twitter.
In March, Credit Suisse’s value plummeted nearly 30%, forcing trading to be abruptly halted midday, after it acknowledged in its annual report it had “material weakness” and its largest investor, a Saudi state-run bank, said it couldn’t provide additional assistance, citing a “regulatory issue.”
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Following the record loss in value, Credit Suisse said it intended to borrow a staggering $54 billion from the Swiss National Bank as an unprecedented lifeline to boost its liquidity.
In recent years, Credit Suisse has endured several scandals and vowed to overhaul its risk management operations. In June 2022, the bank announced it would move forward with the major overhauls as it also grappled with litigation costs associated with the collapse of the former New York City-based Archegos Capital Management firm, CNBC reported.
Credit Suisse has also faced legal action from U.S. shareholders who allege the Swiss Bank failed to disclose its financial woes and violated securities laws.
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Class action lawsuits have been filed against Credit Suisse in federal court, alleging the bank made false or misleading statements about its finances and failed to adequately disclose that it suffered from a “significant” increase in customer outflows at the end of 2022. A suit filed earlier this year included those claims, plus a claim related to material weaknesses in Credit Suisse’s internal financial controls.
Fox News’ Thomas Catenacci and Joe Schoffstall contributed to this report.
[Fox Business] Biden’s clean energy czar Podesta says Inflation Reduction Act is ‘all about’ cutting carbon pollution
Senior White House adviser John Podesta said Wednesday that the Inflation Reduction Act (IRA), despite its name, is “all about” rolling back the carbon pollution that has been “driving the climate crisis.”
Speaking from the briefing room at the White House, Podesta, who was selected by President Biden to serve as senior adviser to the president for clean energy innovation and implementation in September 2022, discussed the Biden administration’s green energy efforts related to climate change.
Speaking on the subject of climate disasters on the measure’s one-year anniversary, Podesta insisted that the IRA is working to eliminate carbon pollution.
“To stop these disasters from getting even worse, we have to cut the carbon pollution that’s driving the climate crisis,” he said. “And that’s what the Inflation Reduction Act is all about.”
Podesta’s comments came nearly a week after Biden admitted that the Democrats’ signature piece of legislation – the IRA – wasn’t as much about actually reducing the then-record-high inflation facing the nation as he originally touted to the American people.
“I wish I hadn’t called it that. It has less to do with reducing inflation than it does providing for alternatives that generate economic growth,” Biden said during an appearance at a campaign fundraiser in Park City, Utah according to the press pool report.
“And so, we’re now in a situation where if you take a look at what we’re doing in the Inflation Reduction Act, we’re literally reducing the cost of people being able to make their — meet their basic needs,” Biden said.
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“Even when there is inflation there is a way to provide breathing room,” he added, citing negotiating medical prices as one example.
Biden’s comments are a sharp turn from what he said in July 2022 ahead of the Inflation Reduction Act’s passage through Congress on a party line vote.
“The Inflation Reduction Act is the strongest bill you can pass. It will lower inflation, cut the deficit, reduce health care costs, tackle the climate crisis, and promote energy security,” he said.
At the time of its passage, as the country faced an inflation rate near the highest level in 40 years, multiple analysts said the bill would not reduce inflation. The Congressional Budget Office said the bill will have “a negligible effect” on inflation in 2022, and in 2023 its impact would range between reducing inflation by 0.1% and increasing it by 0.1%.
Fox News’ Brandon Gillespie, Kaitlin Sprague and Brooke Singman contributed to this report.
[Fox Business] Pumpkin is back: Dunkin’ announces its new fall menu
It’s pumpkin season once again: Dunkin’ announced its fall menu offerings in a press release on Wednesday, August 16.
“It’s been 258 long days since pumpkin fans savored their last sweet taste of pumpkin at Dunkin’,” said the press release.
“Today, guests can indulge in the reintroduction of the Pumpkin Spice Signature Latte, Nutty Pumpkin Coffee and Pumpkin bakery line-up,” the company added.
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“Every year, we can practically feel the buzz around our pumpkin lineup,” said Chief Marketing Officer Jill McVicar Nelson.
Nelson said it was “truly amazing” to see the demand for pumpkin-flavored products each year.
“Catching their excitement both on social media and in our restaurants underscores how much Dunkin’ and the fall season go hand in hand,” she said.
“As the pumpkin spice season embodies Dunkin’s vibrant spirit, we’re all in — splashing our signature shade of orange everywhere we can.”
The chain’s “iconic” Pumpkin Spice Signature Latte is back on the menu, and will be available in both iced and hot versions, said the press release.
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“This latte features notes of sweet pumpkin, vanilla and fall spices. It’s blended with rich espresso and milk, then crowned with whipped cream, caramel drizzle and a dusting of cinnamon sugar — giving it that quintessential fall shimmer,” the company added.
The Nutty Pumpkin Coffee, a new product for 2022, makes its return, Dunkin’ also noted.
“This unique drink combines Dunkin’s Original Blend Iced or Hot Coffee with sweet pumpkin, cream and a touch of hazelnut for the perfect pick-me-up to feel the essence of fall from August onwards,” the company also said.
Additionally, the Pumpkin Swirl syrup is back for the fall.
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It’s “Dunkin’s most sought-after flavor,” as the company put it about Pumpkin Swirl. It enables guests to “customize their favorite drinks by adding the swirl to hot or iced coffee, espresso drinks, cold brew or frozen coffee.”
Pumpkin and other fall flavors are present on the bakery side of Dunkin’s menu as well.
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Pumpkin Cake Donuts, Pumpkin MUNCHKINS® Donut Hole Treats and Pumpkin Muffins will be available starting on August 16.
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Additionally, bacon will be seeing some fall flair.
Customers can order Maple Sugar Bacon on Dunkin’s sandwiches and wraps or on its own as Maple Sugar Snackin’ Bacon.
[WBALTV] Humidity to clear out, making room for clear skies and cooler air
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[WBALTV] Weather Talk: Normal weather? In Maryland? August says, ‘Yes!’
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[NewYorkPost] Woke California DA Pamela Price facing recall push over out-of-control crime rates
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[Fox News] Kansas prosecutor withdraws search warrants used in controversial newspaper raid after owner’s death
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