Over a dozen municipalities in Texas set record-high temperatures, with some reaching 113 degrees. The National Weather Service labeled the conditions “oppressive and dangerous” and experts warned of potential disruptions to electricity distribution.
$3 million commitment targets low-to-moderate-income borrowers and promote more inclusive communities of opportunity.Crowds gathered in New York City to catch Manhattanhenge, which typically occurs in the spring or summer when the sun aligns with Manhattan’s street grid at sunset.STORY: South Korea hasn’t escaped the global surge in inflation.Price rises there are running at 24-year highs.Now the country is getting an unprecedented rate hike in response.
Governor Rhee Chang-yong said the move wasn’t made lightly:“The Bank of Korea decided to implement monetary policy by raising the base rate by 50 basis points from 1.75% to 2.25%. There was a case of cutting 50 basis points at once before, but this is the first time we’re raising 50 basis points, so I would like to tell you that the decision was made with a heavy sense of responsibility.”The increase keeps the Bank of Korea at the forefront of global monetary tightening.Last month saw the U.S.
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