AP-NC Newswatch

Financial News
January 16, 2019
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January 16, 2019
AP-NC Newswatch

 

 

 

 

Latest North Carolina news, sports, business and entertainment at 11:20 a.m. EST

 

 

CONFEDERATE MONUMENTS-NORTH CAROLINA-THE LATEST
The Latest: Activists celebrate Confederate marker’s removal
CHAPEL HILL, N.C. (AP) – Activists held a “victory party” on the campus of North Carolina’s flagship public university to celebrate the removal of the last remnants of a Confederate statue.
News outlets report that organizers gathered Tuesday night at the University of North Carolina-Chapel Hill, where they ate pizza, gave celebratory speeches and chanted, “I believe that we will win!”
Chancellor Carol Folt announced Monday that she had authorized that the pedestal that once held the statue known as “Silent Sam” be removed from a main campus quad and put into storage. Workers hauled the marble pedestal off the quad hours later.
The “Silent Sam” statue itself has been in storage since it was pulled down last August by protesters who consider it a racist symbol.

 

 

BANKS-LOW-INCOME HOUSING
3 financial institutions pledge $70M for low-income housing
(Information from: The Charlotte Observer, http://www.charlotteobserver.com)
CHARLOTTE, N.C. (AP) – Three financial institutions have pledged more than $70 million to fund low-income housing developments in a fast-growing North Carolina city.
The Charlotte Observer reports that Bank of America, Ally Financial and Barings announced Tuesday that they would invest a combined $70.75 million to address Charlotte’s rising housing costs. $50 million will be in the form of low-interest loans to private developers building income-restricted housing.
A Housing Charlotte report says more than a third of city households spend more than 30 percent of income on housing. To meet demand, the city would need around 24,000 units of affordable housing.
The city is hoping to raise $100 million as part of its push, which would fund around 2,100 new mixed-income housing units.
Mayor Vi Lyles touted the necessity of public-private partnerships.

 

 

APPLE-JOBS
North Carolina officials say job talks with Apple continue
RALEIGH, N.C. (AP) – Business recruiters say they’re still in talks with Apple over bringing more jobs to North Carolina.
The state’s main recruiting arms say they’re withholding details of North Carolina’s failed effort to land more than 5,000 Apple jobs going instead to Austin, Texas.
A spokeswoman for the Economic Development Partnership of North Carolina said Tuesday the public records will stay secret because “Apple is currently an active recruitment project.” The state Commerce Department said the same Monday.
Gov. Roy Cooper said last month there are ongoing jobs talks with Apple.
Sources told The Associated Press last year that Apple was strongly considering North Carolina for its new corporate campus. The company last month bypassed North Carolina not only for the massive project but also expansions in several other cities.

 

 

CONFEDERATE FLAGS-BATTLEFIELD SHOPS
Confederate flags disappearing from battlefield gift shops
(Information from: The Wilson Daily Times, http://www.wilsondaily.com)
RALEIGH, N.C. (AP) – North Carolina officials don’t have an official policy addressing the sale of Confederate flag merchandise at Civil War battlefield gift shops, but the products’ future is unclear.
The chief of staff for North Carolina’s Sons of Confederate Veterans division tells The Wilson Times the group has heard the battle flag merchandise is unavailable at several state-maintained sites.
A written statement from the Department of Natural and Cultural Resources with regard to the Confederate merchandise indicated it was not “selling or providing any materials that are not consistent with the department’s vision, resources and programs.”
The department said it aims to make sure merchandise “fosters awareness, understanding and appreciation, as well as the appropriate interpretation of our programs and resources.”
Confederate monuments have become a flashpoint in North Carolina and around the nation.

 

 

TROOPER SHOT-NORTH CAROLINA
3 arrested in shooting of North Carolina trooper
WILSON, N.C. (AP) – Authorities have made three arrests in connection with the shooting of a third-generation North Carolina Highway Patrol trooper.
The highway patrol’s Sgt. Michael Baker identified the trooper as Daniel Harrell, who he said was hospitalized with serious but non-life-threatening injuries after Monday evening’s shooting. Harrell was shot while conducting a traffic stop.
Wilson County Sheriff Calvin Woodard Jr. says 36-year-old John David Jones was arrested around midnight and charged with assault with a deadly weapon with intent to kill inflicting serious injuries and assault on a law enforcement officer.
Authorities also arrested 25-year-old Bryan Mullins and 40-year-old William Boswell, who are charged with possession of a stolen motor vehicle.
It’s unclear whether the men have lawyers.

 

 

SUPERVISOR’S COMMENTS-DEPUTIES FIRED
Ex-deputies claim reporting comments led to firings
RALEIGH, N.C. (AP) – Two former deputies say a newly elected North Carolina sheriff fired them two years after they reported a supervisor’s inappropriate comments during “sensitivity training.” The supervisor has been promoted.
Since Wake County Sheriff Gerald Baker took office, he’s fired or demoted dozens of staffers, including Gray Speight and Steven Williamson. They believe it was retaliation.
WRAL-TV reports internal investigation notes show then-Lt. Teddy Patrick signaled during the 2017 sessions that he thought being gay was wrong, but he could work with gay people.
Then-Sheriff Donnie Harrison sought out deputies, including Speight and Williamson, to recount what was said. Despite recommendations for termination, Harrison demoted Patrick.
In a statement, Baker says Patrick’s promotion to captain came after a “thorough review” that included the “training session comments and their context and purpose.”

 

 

MEDIA-LOCAL NEWS
In era of news deserts, no easy fix for local news struggles
NEW YORK (AP) – The local news industry hasn’t been the subject of much good news itself lately.
Newspaper circulation is down sharply, and so is employment in the newspaper industry. Financial cutbacks have led to the shutdown of nearly 1,800 daily and weekly newspapers since 2004, and given rise to new terminology to describe what’s left in their wake. “News deserts” describes parts of the country no longer covered by daily journalists, while “ghost newspapers” is a term for publications with much more limited circulation and ambition.
Facebook’s $300 million donation Tuesday to fund local news initiatives helped put the problem in focus. So did the ownership bid for the Gannett company, publisher of USA Today and several daily newspapers, by a company known for making sharp financial cutbacks.

 

 

MIRACLE ON THE HUDSON
For ‘Miracle’ flight survivors, a decade of thankfulness
NEW YORK (AP) – For the people who were on US Airways flight 1549, it’s been 10 years of being around to enjoy milestones and important moments since the “Miracle on the Hudson.”
That was Jan. 15, 2009, when their plane collided with a flock of geese after takeoff from New York City’s LaGuardia Airport. Everyone on board survived the crash landing into the Hudson River.
Survivors, including Capt. Chesley “Sully” Sullenberger, who helmed the controls in the plane’s final descent, gathered Tuesday at the Carolinas Aviation Museum in Charlotte, where the flight was headed and where the damaged plane is now held.
At 3:31 p.m., the exact moment the plane splashed down in the river on Jan. 15, 2009, they shared a toast, with Sullenberger counting down the last five seconds.

 

 

AP-WF-01-16-19 1620GMT