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Fed and other central banks try to head off crisis by keeping dollars flowing

Published Fri, 21 Feb 2025 18:04:59 GMT

(CNN) — The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses.“The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements,” the central banks said in a joint statement.Sunday’s statement came just hours after Swiss authorities orchestrated an emergency takeover of Credit Suisse by UBS. Credit Suisse — one of the 30 most important banks in the global financial system — was bleeding money last week after investor and customer confidence collapsed.Market turmoil triggered by the second and third biggest bank failures in US history earlier this month is threatening t...

Flo Rida performs at 18th Florida AIDS Walk & Music Festival in Fort Lauderdale

Published Fri, 21 Feb 2025 18:04:59 GMT

The 18th annual Florida AIDS Walk & Music Festival was held in Fort Lauderdale this weekend, and this year’s event featured some South Florida-centric star power.The event, which aims to raise awareness in the community, took place Saturday at Fort Lauderdale Beach Park, along Seabreeze Boulevard.Singer Flo Rida partnered with the AIDS Healthcare Foundation for the event, which raises funds that help provide services in South Florida.Attendees were treated to games, food trucks and other activities.

Despite chilly conditions, thousands turn out for South Boston St. Patrick’s Day Parade

Published Fri, 21 Feb 2025 18:04:59 GMT

The cold and windy weather didn’t stop a huge crowd of thousands of area residents from descending on South Boston for the first St. Patrick’s Day Parade since the pandemic to complete its full traditional route. Mayor Michelle Wu and Gov. Maura Healey were among the local leaders taking part in the parade, which drew revelers decked out in green to line the route from West Broadway to Dorchester Street.Congressman Stephen Lynch was also on hand as the confetti was flying around the parade route.https://twitter.com/bostonpolice/status/1637582667980865542Stay with 7NEWS on-air and online for the latest updates.

Boston’s Bova’s Bakery closing for filming of movie starring Matt Damon, Casey Affleck

Published Fri, 21 Feb 2025 18:04:59 GMT

Boston’s Bova’s Bakery is famous for being open 24/7 — but now the North End landmark will be closed for nearly a week beginning Monday while scenes are filmed for the Matt Damon and Casey Affleck movie “The Instigators.” Manager John Kluse said some customers have said they don’t know how they’ll go without for a week.“There’s been concerns where am i going to get my arancini at 2 o’clock  in the morning? Where am I going to get my Florentine cannoli fix?” he said. The movie is about two crooks who go on the run with their therapist after a bank robbery gone wrong. And while many Boston residents are excited to see their city on the big screen, some North Enders worry the filming could be problematic.“Some of the North End residents they love having the people coming in from Hollywood but a lot of the residents don’t want being disrupted with the parking,” he said.The bakery is slated to reopen at 8...

Salem police ask for tips after neglected pit bull puppies found abandoned across city

Published Fri, 21 Feb 2025 18:04:59 GMT

The Salem Police Department is turning to the public for help as they investigate several pit bull puppies that were found abandoned at various locations throughout the city during the early morning hours on Sunday.Two dogs were recovered from the area of North and Federal streets and three dogs were found in the Proctor Street area. Two were recovered and one may still be loose.Police say the abandoned dogs were found to be malnourished, dehydrated, and showing signs of abuse and neglect.If you have any information on the person or persons responsible for abandoning these animals, please contact the Salem Police Department Criminal Investigation Division (CID) at 978-745-9700, Salem Police Dispatch at 978-744-1212, or the anonymous tip line at 978-619-5627.This is a developing news story; stay with 7NEWS on-air and online for the latest details.

Div. 4: Cathedral girls extend reign of dominance

Published Fri, 21 Feb 2025 18:04:59 GMT

LOWELL — The preseason favorite to win the Div. 4 girls title left little doubt it was a deserving champion on Sunday at the Tsongas Center.The Cathedral Panthers simply overwhelmed No. 3 Wahconah as senior Sara Thompson led four players in double figures while Cathedral’s defense stifled the high-scoring Warriors. It all added up to a 75-53 win and the Panthers fourth title in the last seven years.“These girls have a piece of history now with a state championship,” Cathedral coach Clinton Lassiter said. “I told them to leave everything they had on the floor and they did.”Wahconah’s Grace Wigington actually lead all scorers with 23 points but the Panthers’ (20-3) depth gave the Warriors fits almost from the opening tip.The Warriors led only once at 2-0 as Cathedral turned the game into a runaway by halftime thanks to torrid shooting from behind the arc. The Panthers knocked down nine three pointers in the first half, four of them coming from Thompson.Hijjah Allen-Paisley (13 p...

Boston Amateur Basketball Club back in session

Published Fri, 21 Feb 2025 18:04:59 GMT

QUINCY – As the state crowned new high school hoops champions this weekend, it was the perfect time to fire up the 46th season of the Boston Amateur Basketball Club.The BABC kickoff showcase at the Hale Family YMCA was a three-game sweep that featured BABC 11th graders taking on the NJCAA Region 21 All-Stars and the MIAA All-Seniors in a doubleheader, along with 10th graders taking on MIAA underclassmen.In the opener, BABC 11th graders jumped to a 20-8 lead en route to a 100-79 victory as the team never trailed despite only six available players able to suit up.A 59-33 halftime lead quickly evaporated as the NJCAA squad’s Tony Palavra (Quincy College) hit four of his five three-pointers. The Quincy Granite sophomore trio of Palavra, Derek Williams, and Tyler Victor cut the lead to 12 midway through the second half.But long-time BABC leader and head coach Leo Papile calmed the waters.“The 40-minute game had an effect,” said Papile. “We were happy with our effort and execution, ...

MBTA Green Line speed restrictions remain in place after T identifies possible ‘multiple defects’

Published Fri, 21 Feb 2025 18:04:59 GMT

It was still slow going on the Green Line over the weekend, as the speed restrictions remained in place after the T identified potential “multiple defects” on parts of the track.The MBTA had been optimistic they’d be able to lift the 25 mph-cap speed restrictions on Saturday, but that plan was derailed for the perpetually maligned state agency.“Speed restriction of 10-25 mph remains in place on Green Line from end-to-end,” the MBTA tweeted on Sunday, as green-clad paradegoers flocked to the city for the St. Patrick’s Day Parade. “T has identified portions of track which may include multiple defects that need to be investigated or mitigated.“As each defect is validated and corrected as needed, that track portion will be able to have the speed restriction lifted,” the MBTA added. “Speed restrictions are in place for the safety of employees and customers.”On Saturday, the MBTA said the T had identified 30 speed limit sig...

Wareham dominant in Div. 4 state boys basketball title game

Published Fri, 21 Feb 2025 18:04:59 GMT

LOWELL — In Sunday’s Div. 4 boys basketball state final, Wareham was everywhere it wanted to be, from start to finish, against Springfield International Charter.The Vikings (22-3) never trailed, dominating on offense, defense, and the boards throughout a 66-40 victory.“Their energy and effort, they just fly around on defense,” Wareham coach Steve Faniel said. “But really our key for today was rebounding. (Springfield) had a big size advantage. … we haven’t had a problem getting stops and getting people to miss shots all season long. We have had a problem sometimes rebounding and getting out on the break. The most important part of our defense was getting on the glass.”No one for Wareham was bigger than junior Antoine Crosson, who pulled down 16 rebounds and scored 14 points. The leading scorer was Ajay Lopes, with 20 points. Aaron Cote added eight points, and Jayce Travers had six points on two 3-pointers.Springfield (23-3) was led by Kenny ...

South Boston’s St. Patrick’s day breakfast serves up barbs for the departed

Published Fri, 21 Feb 2025 18:04:59 GMT

Potatoes weren’t the only things roasted for breakfast in South Boston Sunday, when the state’s senior U.S. senator used her time at the microphone to tell everyone in an overcrowded room exactly what she thought about spending the morning with them.“Daylight savings was last weekend, we lost an hour; now we’re about to lose the next three hours,” U.S. Sen. Elizabeth Warren cracked during state Sen. Nick Collins’ St. Patrick’s Day Breakfast in Boston.This year’s irreverent breakfast, an annual tradition which brings together many of the state’s elected officials for hours of ribbing over pastries and eggs, was less a roast of those present than it was an opportunity for the politicians that remain in the state to make fun of those who have left for, shall we say, “greener pastures.”“Everyone’s favorite punching bag, Charlie Baker, isn’t here. What jokes are even worth saying anymore without him being here?” state Senate Pres. Karen Spilka said. “I...