Jul. 14— Christopher "Chris" Pettit, the ex- San Antonio attorney facing allegations that he stole tens of millions of dollars from his clients, finally made an appearance in his huge bankruptcy case— albeit by telephone. He attended a Wednesday court hearing to address the Chapter 11 trustee's emergency motion asking him to show why he shouldn't be held in contempt…
Jul. 14— The owner of a stately King William house has cited ex- San Antonio lawyer Christopher "Chris" Pettit's legal troubles in pulling the plug on the sale of the property. Paul Black, as trustee for the Paul Patrick Black Heritage Trust, which had an option to purchase the house at 431 King William St., sued owner Caroline A. Forgason in late May for breach of contract.
Pettit, 55, transferred the retirement money into checking and savings accounts at Martha's Vineyard Bank in Massachusetts. "It may be consistent with his pre-bankruptcy lifestyle," said San Antonio attorney Martin Seidler, who represents creditors in the case. Pettit listed $27.8 million in assets and $115.2 million in debts in his personal bankruptcy, one…
Uninsured Onondaga County residents with limited incomes will be able to get free insulin and other prescription drugs starting July 24 from Upstate Community Hospital’ s outpatient pharmacy at 5000 West Seneca Turnpike. Darryl Geddes, an Upstate spokesman, said the program will be a great option for people who do not qualify for Medicaid, the government…
The Cybercrime Division of the Federal Bureau of Investigation (FBI) released a public service announcement Monday, warning investors of fake cryptocurrency apps that continue to proliferate online, defrauding unsuspecting traders and stealing their money in the process. "The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.
Sherry Li, 50, and Lianbo "Mike" Wang, 45, of Oyster Bay, a hamlet on the North Shore of Long Island, were arrested Monday, according to court records, and charged with wire fraud, money laundering and conspiracy to defraud the United States, the Justice Department said in a statement. According to U.S. Citizenship and Immigration Services, the program "sets aside EB-5…
NEW YORK, Jul 18- U.S. bond yields rose on Monday as upbeat economic data last week and a quiet period from the Federal Reserve set the stage for risk-taking at the start of the week. * "The most recent economic data we got on Friday was more upbeat and the rise in Treasury yields today seems to be catching up with Friday's market activity as well as today's stock market."
Remembering that the Federal Reserve Bank has a dual mandate to achieve maximum possible employment while maintaining an average inflation rate of 2%, these two variables will be decisive for decisions in the coming months. In the first case, the evolution of the U.S. labor sector continues to show robust strength. While the good note was struck by…
BYRON PITTS: Tonight, a southern dynasty. BYRON PITTS: Their power and prestige thrown into turmoil after one fateful night. ALEX MURDAUGH: This is Alex Murdaugh.
(The Center Square) – The federal government has approved Maine’s request for a waiver to merge its individual and group business health plans to help reduce rising premium costs. The U.S. Centers for Medicare and Medicaid Services announced Friday that it has approved Maine’s "first-in-the nation" plan to improve health insurance for small businesses by…
U.S. retail sales rose 1% in June, from a revised decline of 0.1% in May, the Commerce Department said Friday. At the same time, last month’ s spending gain is modest enough that it likely won’ t encourage the Federal Reserve to raise interest rates even more aggressively. “People did not fold in the face of the Ukraine shock and the subsequent surge in food and energy…
The Federal Reserve's interest rate hikes have driven the U.S. dollar to its highest level in decades, treating American tourists to bargains in Europe and Asia, putting imported goods on sale here at home and squeezing the economies of several U.S. trading partners. But it's a different story overseas, where currency weakness in Europe and the United Kingdom-…
series of large interest rate hikes by the Federal Reserve put pressure on central banks around the world to follow suit and counter rising inflation and a strong dollar. An analysis by the Financial Times reveals that central banks are now opting, more than at any time this century, for large rate hikes of 50 basis points or more, highlighting the challenges of…
—A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021' s Hurricane Ida. The Times-Picayune' The New Orleans Advocate reports that the Louisiana Insurance Guaranty Association will seek approval of the plan to sell bonds this week. The association would recoup the money from surviving…
U.S. consumer prices rose more than expected in June, reaching an annual pace of 9.1 percent, a new 40- year high that opens the door for the Federal Reserve to raise interest rates by a full percentage point this month. The index, released by the Bureau of Labor Statistics, accelerated further last month, beating economists' estimates of an 8.5 percent increase.
U.S. inflation accelerated in June more than expected, underscoring the relentless price pressures that are keeping the Federal Reserve on track for another big interest rate hike later this month. The consumer price index rose 9.1 percent from a year earlier, the biggest gain since late 1981, Labor Department data showed Wednesday. Rising prices in the US…
It is hard to feel good about this report, but with wage growth slowing sharply in the last six months to around 4.0 percent (compared to 3.4 percent in 2019), it’s hard to see how an inflation rate north of 9.0 percent can be sustained. The overall CPI was up 1.3 percent in June, core rose 0.7 percent; 9.1 percent and 5.9 percent year-over-year, respectively. Even though…
Data: U.S. Department of Labor; Chart: Axios Visuals Inflation soared to a fresh four-decade high in June, as prices rose 9.1% from last year — 1.3% from the prior month — the government said on Wednesday. Why it matters: The price shock is tanking Americans' view of the economy — and risks pushing the Federal Reserve into moving aggressively to cool inflation, possibly…
International Monetary Fund lowered the U.S. growth forecast as it warned that avoiding recession in the world's largest economy will be increasingly challenging. The report released Friday reflected downward revisions to U.S. first-quarter GDP and weak consumer spending data in May, but continued to highlight the challenges of high inflation and the…
