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[$$] GDP Doesn't Freeze Fed With Fear Wednesday, Apr 30, 2014 09:10 PM PDT Stalled economic growth in the first quarter reflected winter weather but still isn't a healthy sign. The Fed isn't likely to shift tack, however. Full Story | Top |
Hundreds rescued from floodwaters in Fla., Ala. Wednesday, Apr 30, 2014 06:01 PM PDT PENSACOLA BEACH, Fla. (AP) — People were plucked off rooftops or climbed into their attics to get away from fast-rising waters when nearly 2 feet of rain fell on the Florida Panhandle and Alabama coast in the span of about 24 hours, the latest bout of severe weather that began with tornadoes in the Midwest. Full Story | Top |
Thursday Weather Forecast: Bring on the heat Wednesday, Apr 30, 2014 04:18 PM PDT Full Story | Top |
Southern California wildfire forces evacuations Wednesday, Apr 30, 2014 03:28 PM PDT By Alex Dobuzinskis LOS ANGELES (Reuters) - A wind-driven brush fire burning out of control in a drought-parched Southern California wildland on Wednesday forced the evacuation of hundreds of residents in the northern part of suburban Rancho Cucamonga, officials said. The wildfire, which sent smoke billowing down the foothills toward large suburban houses, comes amid hot weather and fierce Santa Ana winds blowing in the region that had already prompted the National Weather Service to issue a wildfire-related "red flag" warning for much of the area. The so-called Etiwanda Fire marks one of the first major wildfires of the year in Southern California, and comes just ahead of the hotter months between, May and October, when the blazes most frequently break out. The blaze broke out in the San Bernardino National Forest at about 8 a.m. and quickly spread across 800 acres, driven by winds of up to 80 miles per hour (129 km/h), which is extremely gusty for the region, officials said. Full Story | Top |
U.S. Gulf Coast hit by flooding after 24 hours non-stop rain Wednesday, Apr 30, 2014 03:25 PM PDT By Bill Cotterell TALLAHASSEE, Florida (Reuters) - The worst floods in decades deluged roads and engulfed homes and cars in Florida's Panhandle and coastal Alabama on Wednesday, the latest mayhem created by a tornado-packing storm system that has killed at least 34 people this week. Florida Governor Rick Scott declared a state of emergency for 26 counties inundated by as much as two feet of relentless rain over a 24-hour period, as severe thunderstorms raced across the northern part of the state. Emergency workers evacuated about 200 people in the Panhandle, Scott told reporters at an emergency operations center south of Tallahassee. "No-one anticipated it would just keep on raining and raining and raining ... We thought it was going to move on out." Ashton Hayward, the mayor of Pensacola, Florida, said some downtown areas of the Gulf Coast city, were up to four feet under water. Full Story | Top |
21-Year-Old Student-Athlete Sacrifices Self To Save Girlfriend In Alabama Tornado Wednesday, Apr 30, 2014 03:02 PM PDT John Servati saved the life of his girlfriend during his final hours on Earth, but he "was a hero every day," according to one of his friends. "He had just a genuine heart," Phillip Deaton, captain of the University of Alabama swimming team, of which Servati was a member, told Tuscaloosa News. "He cared about every one of his teammates." According to WSFA, 21-year-old Servati died in the basement of a Tuscaloosa, Ala., home Monday night, as severe weather ripped through the South. Full Story | Top |
Long Beach Sets Heat Record Today Wednesday, Apr 30, 2014 02:56 PM PDT At 12:36 p.m., a record high temperature of 92 degrees was set at Long Beach Airport, breaking the old record of 90 set in 1996, according to the National Weather Service. --City News Service Full Story | Top |
Shrugging off Q1 stall, Fed keeps tapering stimulus Wednesday, Apr 30, 2014 01:43 PM PDT The US economy nearly froze in the glacial first quarter but emerging signs of vigor kept the Federal Reserve on its stimulus taper track Wednesday. The Fed shrugged off the shockingly weak 0.1 percent annual growth rate of the past quarter reported earlier in the day by the Commerce Department. The Federal Open Market Committee, led by Fed Chair Janet Yellen, concluded after a two-day meeting that the economy remains in fairly good shape, able to handle the ongoing cutback in its bond-buying stimulus program, but still in need of a near-zero interest rate. Economic activity "has picked up recently after having slowed sharply during the winter in part because of adverse weather conditions," the FOMC said in its policy statement. Full Story | Top |
Flood Warning Issued for Schuylkill in Norristown Wednesday, Apr 30, 2014 01:43 PM PDT The National Weather Service has issued a flood warning for the Schuylkill River in Norristown. The river floods at 13.0 feet, the NWS said, and was at 12.3 feet at 3 p.m. Wednesday. Rain is expected to continue through Thur Full Story | Top |
Dow closes at all-time high after US Fed decision Wednesday, Apr 30, 2014 01:32 PM PDT The Dow Jones Industrial Average Wednesday closed at a new record after the Federal Reserve said the US economy was picking up following a winter slowdown. The Dow advanced 45.47 points (0.27 percent) to 16,580.84 to notch its first all-time high of 2014. The S&P 500 rose 5.62 (0.30 percent) to 1,883.95, while the tech-rich Nasdaq Composite Index added 11.01 (0.27 percent) at 4,114.56. The Fed, concluding a two-day policy meeting, said economic activity "has picked up recently after having slowed sharply during the winter in part because of adverse weather conditions." Full Story | Top |
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