News
Frank James named as person of interest in Brooklyn subway attack
A manhunt is underway across the United States for Frank James, who is believed to be linked the Brooklyn shooting
Police in the United States are searching for a man who is responsible for shooting over ten people in a subway in Brooklyn, New York.
Authorities have identified Frank James as the person of interest, identifying him through his connection with vehicle rented during the rampage.
Police released two photos of James, as they continue to hunt for him in connection to the mass shooting that left 29 with injures, including 10 with gunshot wounds.
Authorities are asking the public to come forward with any information about James’ whereabouts. Members of the public are being told to call police at 1-800-577-TIPS.
A $50,000 reward is being offered up for any information that leads police to Mr James
The NYPD and FBI say that a financial reward of $50,000 has been put on offer for anyone that can lead them to the location of Mr James.
Authorities say that James is currently a person of interest and have not accused him of being the gunman.
As reported by Heavy, James posted a Youtube video in March commentating on the the recent violent subway crimes in NewYork. The video titled ‘TOLD YOU SO’ was posted under the account name ‘prophet oftruth88’.
“These were the people that were supposed to be helping me they made me worse,” He said referring to unnamed pictures of people behind him.
He ranted about about how most mentally ill homeless people are black and that the people who are supposed to help you get help for mental health crises will get you ‘killed’
He talked about a place called ‘bridgeway’, calling it a ‘homosexual thing’.
A Facebook page was also uncovered where in James posted pictures of guns.
Latest description of Frank James:
Mr James is described as 5 feet, 5 inches tall.
He reportedly weighs around 175-200 pounds.
He was last seen wearing a gas mask and a construction vest.
Police initially said the vest was green, but later officials said it was orange.
The man also had on a gray, hooded sweatshirt.
Rijul Baath contributed to this report
News
Dollar steady as markets await Fed’s rate decision
Dollar steady ahead of Fed’s expected rate cut decision on Wednesday
Dollar steady ahead of Fed’s expected rate cut decision on Wednesday
– The U.S. dollar stayed stable as investors await the Federal Reserve’s interest rate cut announcement.
– Asian equities rose, with the MSCI Asia Pacific Index hitting a record high amid U.S. market gains.
Market participants have largely priced in a 25 basis point reduction in the federal funds rate, anticipated to bring the key rate to between 4.00%-4.25%.
This marks the first easing action since December 2024.
Recent economic data indicates a cooling labour market, with jobless claims rising to the highest levels since 2021, overshadowing inflation concerns.
Market Movements
Asian equities experienced gains, continuing a global rally, with the MSCI Asia Pacific Index reaching a record high.
Chinese shares rose close to 1% despite disappointing factory and retail sales data.
This momentum follows historical closes in U.S. markets, with the Dow Jones Industrial Average surpassing 46,000.
News
ANZ to pay $160 million for bond deal violations
ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny
ANZ to pay A$240 million for bond misconduct and customer violations amidst job cuts and regulatory scrutiny
– ANZ Group will pay A$240 million in penalties for multiple violations, including fees to deceased customers.
– The bank plans to implement A$150 million in reforms and has announced 3,500 job cuts.
ANZ has admitted to the allegations and acknowledged the need for significant operational changes.
The bank’s trading practices during an A$14 billion government bond issuance negatively impacted bond prices, which led to a substantial loss for the government.
ANZ plans to submit a remediation strategy to the Australian Prudential Regulation Authority by the end of the month.
Company Changes
ANZ has stated it will spend A$150 million on reforms by the end of the financial year.
The Finance Sector Union is expected to file a claim regarding the recent job cuts made by the bank.
News
Climate report warns of rising heat deaths and property losses
Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action
Australia faces dire climate predictions, with potential for massive property value losses and thousands of heat-related deaths without action
– Climate change could cause hundreds of deaths and $500 billion decline in property values in Australia.
– Increased extreme weather events may lead to rising insurance costs and potential uninsurability of homes.
The projected increase in heat-related deaths in Australia’s capital cities, as outlined in the report. Picture: Climate Risk Assessment
Rising sea levels and extreme weather are expected to escalate insurance costs, making coverage unaffordable or unavailable.
Climate Change and Energy Minister Chris Bowen acknowledged that many Australians will find these projections distressing, but they underscore the urgency of addressing climate change.
Changes in total annual freight costs by Local Government Area in a 2090 scenario, compared to 2024. Picture: Australia’s National Climate Risk Assessment
Property Risks
Projected increases in heat-related deaths are particularly concerning. For instance, at a 1.5-degree rise in temperatures, heat-related mortality in Sydney could increase by 103%, reaching about 450 deaths annually at a 3-degree rise.
Coastal flooding days are expected to increase significantly in major urban areas, necessitating critical intervention.
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