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Northern Star

Northern Illinois University’s student news organization since 1899

 

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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

Newspaper chain McClatchy files for bankruptcy protection

By TALI ARBEL and MICHELLE CHAPMAN | February 13, 2020

NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going...

Bloomberg once blamed end of ‘redlining’ for 2008 collapse

By BRIAN SLODYSKO | February 13, 2020

WASHINGTON (AP) — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown.“It all started back...

Argentina and IMF discuss debt in shadow of 2001 crisis

By DÉBORA REY and CHRISTOPHER TORCHIA | February 12, 2020

BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund.This is a big week for...

Solid earnings send stock indexes higher on Wall Street

By ALEX VEIGA | February 12, 2020

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs.Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest...

Powell hears bipartisan Senate support for Fed independence

By CHRISTOPHER RUGABER | February 12, 2020

WASHINGTON (AP) — Republican and Democratic senators voiced strong support for an independent Federal Reserve during a hearing with Fed Chair Jerome Powell, one day after President Donald Trump launched another attack directed at Powell on Twitter.“Stay...

Cyprus urged to go after laundering of foreign illicit cash

February 12, 2020

NICOSIA, Cyprus (AP) — Cyprus needs to step up its fight against the laundering of illicit cash generated outside the east Mediterranean island nation, a leading European financial watchdog said Wednesday.Moneyval, which is part of the Council of Europe,...

Asian shares rise despite worries about virus outbreak

By YURI KAGEYAMA | February 11, 2020

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments.Japan's Nikkei 225 rose 0.5% in morning trading to 23,813.14. Australia's S&P/ASX 200 gained 0.6% to 7,094.00....

Global stock turn higher as investors watch virus impact

By JOE McDONALD | February 11, 2020

BEIJING (AP) — Global stock markets turned higher on Tuesday, at least temporarily shaking off jitters about China's virus outbreak.Indexes in London and Frankfurt advanced in Europe, while Shanghai, Hong Kong and Seoul closed higher. Tokyo fell for...

Africa shouldn’t need to beg for climate aid: Bank president

By ELIAS MESERET | February 11, 2020

ADDIS ABABA, Ethiopia (AP) — Africa shouldn’t have to beg for help in addressing climate change, the president of the African Development Bank said Tuesday, adding that polluting global powers “have to pay.”Akinwumi Adesina told The Associated...

US says Chinese military stole masses of Americans’ data

By ERIC TUCKER and MICHAEL BALSAMO | February 10, 2020

WASHINGTON (AP) — Four members of the Chinese military have been charged with breaking into the computer networks of the Equifax credit reporting agency and stealing the personal information of tens of millions of Americans, the Justice Department said...

Governors warn Trump rule could lead to big Medicaid cuts

By RICARDO ALONSO-ZALDIVAR | February 6, 2020

WASHINGTON (AP) — Governors of both major political parties are warning that a little-noticed regulation proposed by President Donald Trump's administration could lead to big cuts in Medicaid, reducing access to health care for low-income Americans.The...

Pope, with eye to Argentine debt, urges financial solidarity

February 5, 2020

VATICAN CITY (AP) —Pope Francis urged the International Monetary Fund and finance ministers from across Latin America to work together to end economic “injustices,” saying Wednesday that new forms of solidarity can give hope to the poorest.“We...