Author: theparknews

Federal Reserve officials on Tuesday announced a set of proposed changes to U.S. banking regulations that would cut by almost half the amount of additional capital that large financial institutions are forced to hold.Regulatory reforms known as the “Basel endgame”, introduced in July 2023, were supposed to increase capital requirements for the world’s largest banks by around 19%.Instead, officials from the Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. agreed to resubmit a larger proposal with a more modest proposal to increase capital for large banks by 9%, Fed Vice Chairman for Supervision…

Kamala Harris and Donald Trump will face off in a presidential debate on Tuesday night, their first and likely only meeting before the November election. The two candidates are currently neck and neck in the polls, and the debate is widely seen as a crucial moment in the 2024 campaign.The vice president is expected to use the 90-minute debate as an opportunity to detail his campaign platform and further present himself as a different candidate to Joe Biden, with the Trump campaign hoping to portray the former president as “happy.”In a close race that may be decided by a tiny…

A Delta Air Lines Airbus A350 and an Endeavor Air Bombardier CRJ900 jet collided on a runway at Atlanta airport on Tuesday morning, according to the Federal Aviation Administration.”Delta Flight 295 was taxiing for takeoff from Hartsfield-Jackson Atlanta International Airport when its wingtip struck the tail of Endeavor Air Flight 5526,” the FAA said in a statement to Fox News Digital.”The Delta Air Lines Airbus A350 was en route to Tokyo. The Endeavour Bombardier CRJ900 was en route to Lafayette, Louisiana,” the FAA added. “The FAA will investigate the incident, which occurred at approximately 10:10 a.m. local time on Tuesday,…

Explore”We want you to build it here”: How Dayton and Ohio landed Joby Aviation’s historic eVTOL factoryJoby is also making similar inroads in other markets, having signed a deal with Dubai in February to launch an air taxi service in the emirate.Also in April, Joby expanded its partnership with the UAE through a multilateral memorandum of understanding with the UAE’s Ministry of Municipality and Transport to establish air taxi services in Abu Dhabi and beyond.In a statement on Tuesday, Bevert said Joby is ready to “lay the foundation for the world’s first electric air taxi network, using our innovative aircraft…

The event, hosted by ABC News, will be the only debate between presidential candidates scheduled for this fall. WASHINGTON — The first presidential debate between Vice President Kamala Harris and President Donald Trump will be held Tuesday night. Tuesday’s debate, hosted by ABC News at the National Constitution Center in Philadelphia, will be the only scheduled debate between the presidential candidates this fall. The 90-minute event will be broadcast and streamed by multiple media outlets, including ABC. The debate will be produced solely by ABC News, unlike last year’s, when it was organized by a bipartisan committee. There will be…

In the new world of college football, money is king, and while players across the country are signing NIL contracts, Bisons players are forging their own paths and putting their entrepreneurial skills to the test.On Saturday, the duo of Eli Mostert and Logan Larson will be on the defensive end for the Bison. Every other day, they will be dedicated employees of Luxury Exteriors LLC.”This is a window washing business, so what we do is cater to residential customers – window washing, pressure washing, cleaning gutters,” sophomore defensive tackle Logan Larson said. This unique idea was born in the spring,…

Staff photo by Travis Rosenau Thomas Campbell posed for a photo after winning the pro division of the Riverbend Business Products Pro-Am at New Ulm Country Club on Monday. NEW ULM — Thomas Campbell shot a 4-under 67 to win the professional division of the 2024 Riverbend Business Products Pro-Am on Monday at New Ulm Country Club. Campbell finished two strokes ahead of Grant Shafanski, Grant Hansen and Ryan Poulsen, who all finished tied for second with shots of 69. Campbell won the tournament’s top prize of $850. Campbell, a native of New Zealand who now…

Couple embracing on the sofa For Black professionals, the concept of economic freedom is evolving. The rise of DINKs (dual income, no kids) is becoming a powerful movement as more young professionals break away from traditional family structures. And frankly, they’re living their best lives. Black DINKs are traveling, investing wisely, and embracing a lavish lifestyle that’s out of reach for many people who are tied to a regular 9-to-5 job while also shouldering the financial responsibilities of family life. Statistics show that DINK households typically have nearly double the disposable income of single-income families with children, allowing them to…

Terras da Comporta, the award-winning golf and real estate destination on Portugal’s west coast, has partnered with California-based tour operator Garmany Golf and the Southern California PGA to further its rapidly growing position in the US market. Through this new collaboration, Garmany Golf and the SCPGA will arrange organized trips for professionals and amateurs to Terra da Comporta, home to the popular Dunas Course, which opened in 2023 to global acclaim. Founded in 2009, Garmany Golf is a travel company specializing in providing unforgettable golf experiences around the world. Rodrigo Ulrich, Golf Director at Terras da Comporta, witnessed the…

Renovation work on the first nine holes of the Kings North Course at Myrtle Beach National in South Carolina is progressing as scheduled, with the course aiming to reopen in early October. Architect Brandon Johnson of Johnson Golf Design is overseeing the two-year, two-part project (the back nine is scheduled for a complete renovation next summer) that will transform the experience at the Arnold Palmer-designed course. Kings North closed in June to begin the project, which has seen all of the course’s greens restored to their original size and some expanded, adding 30,000 sq ft of putting surface space.…