Fog/Mist 37°
Tag:

Colombia

News
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction
Fed Pauses Interest Rate Cuts Despite Trump's Push For Immediate Reduction The Federal Reserve kept its key interest rate in place, pausing further cuts and ignoring a demand by President Donald Trump to immediately drop rates. After three months of reductions, the Fed decided to keep the key interest rate target at 4.25 to 4.5 percent. The Fed announced the decision on Wednesday, Jan. 29, after its first meeting since President Trump returned to the White House. Chair Jerome Powell said the Fed is monitoring inflation and economic stability under the Trump administration. "We remain committed to supporting maximum employment, bringing inflation sustain…

SHARE

by Chris Spiker
Business
Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup
Arabica Coffee Prices Spike Amid Colombia-US Tariff Dustup Prices of Arabica coffee hit record highs in the aftermath of threats of tariffs by both the United States and Colombia after a dispute involving migrant deportation flights. Arabica futures hit a record of $3.56 in the Intercontinental Exchange on Monday, Jan. 27, a day after the back-and-forth dustup a day earlier, according to The Wall Street Journal. The previous record of $3.48 was recorded in early December. The US imports about 30 percent of its coffee from Colombia. Colombia agreed to accept the flights after earlier turning back two planes. This prompted President Donald Trump to…

SHARE

by Joe Lombardi
Politics
Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs
Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs Colombia, one of the United States' key allies in Latin America, has agreed to accept migrant deportation flights after earlier turning back two planes, prompting President Donald Trump to threaten steep sanctions. Trump said Sunday afternoon, Jan. 26 that he would impose "emergency" 25-percent tariffs on Colombian goods after it blocked the flights. But negotiations between the countries led to an agreement late Sunday night and Trump withdrew the tariff threats. “The Government of Colombia has agreed to all of President Trump’s terms, including the unrestricted acceptance of all undocume…

SHARE

by Joe Lombardi
Politics
Trump Threatens 25% Tariffs After Colombia Turns Back Flights Carrying Migrants From US Trump Threatens 25% Tariffs After Colombia Turns Back Flights Carrying Migrants From US
Trump Threatens 25% Tariffs After Colombia Turns Back Flights Carrying Migrants From US President Donald Trump says he will impose 25 percent "emergency" tariffs on Colombian goods after the key South American ally refused to allow two two flights from the US carrying migrants to land. Click here for a new, updated story - Colombia Agrees To Accept Migrant Deportation Flights After Trump Threatens 25% Tariffs "The US cannot treat Colombian migrants as criminals," Colombia President Gustavo Petro said in a statement on Sunday, Jan. 26. "I deny the entry of American planes with Colombian migrants into our territory. "The US must establish a protocol for the dignifie…

SHARE

by Joe Lombardi
Sports
Boxer Paul Bamba Dies Days After WBA Title-Winning Title Fight In New Jersey Boxer Paul Bamba Dies Days After WBA Title-Winning Title Fight In New Jersey
Boxer Paul Bamba Dies Days After WBA Title-Winning Title Fight In New Jersey A champion boxer died less than a week after reaching one of his career's biggest milestones and winning a title fight in Carteret. Paul Bamba has died at the age of 35, according to an Instagram post on Friday, Dec. 27 by his manager and R&B singer Ne-Yo. The cause of his death was unknown. Bamba's death was announced just days after he defeated Rogelio Medina by sixth-round technical knockout (TKO) at the Carteret Performing Arts Center. The victory on Saturday, Dec. 21 gave the World Boxing Association's (WBA) cruiserweight gold belt to Bamba, a Puerto Rico native. "…

SHARE

by Chris Spiker
Business
NJ-Based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds NJ-Based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds
Nj-based TD Bank Fined $3B For Allowing Drug Dealers, Human Traffickers To Launder Money: Feds TD Bank has agreed to pay about $3 billion in historic penalties after its relaxed policies allowed criminals to launder their money, authorities said. The Canadian bank with U.S. headquarters in Cherry Hill pleaded guilty to charges of conspiring to not maintain an anti-money laundering program that complies with the Bank Secrecy Act, filing inaccurate currency transaction reports, and laundering money, the Justice Department said in a news release on Thursday, Oct. 10. TD Bank will pay more than $1.8 billion to resolve the DOJ's investigation and $1.3 billion in a penalty f…

SHARE

by Chris Spiker
Police & Fire
Fugitive Sought In Jersey City Mom's Murder Arrested In Colombia: Prosecutor Fugitive Sought In Jersey City Mom's Murder Arrested In Colombia: Prosecutor
Fugitive Sought In Jersey City Mom's Murder Arrested In Colombia: Prosecutor A 28-year-old Jersey City man was extradited from Colombia to the United States on Wednesday, Sept. 11, and charged with murdering a woman in Kearny in 2023, authorities said. Leiner Miranda Lopez had previously been charged with killing Luz Hernandez, a 33-year-old Jersey City mom in February 2023, Hudson County Prosecutor Esther Suarez said. Hernandez's body was discovered in a shallow grave in the area of Central Avenue and Third Street in Kearny, Suarez said. The Regional Medical Examiner’s Office determined her death was caused by blunt force trauma to the head and compressions to the …

SHARE

by Sam Barron
Police & Fire
Former West New York Police Officer Johnny Lara Dies, 53 Former West New York Police Officer Johnny Lara Dies, 53
Former West New York Police Officer Johnny Lara Dies, 53 Johnny A. Lara, a former West New York resident and police officer, died on Wednesday, Sept. 4. He was 53 years old. Lara was born in Colombia and grew up in West New York, having served as a police officer before retiring and moving to Houston TX, according to his obituary on the Barquin Funeral Home website. He is survived by his wife, Cindy Valderramos Lara; their children Brandon, Bella and Jeremy Lara; his mother Emma J. Lara; and his siblings, Rosario Crabtree, Jimmy and Sammy Lara. Lara was preceded in death by his father, Marcelino and his brother Henry Lara. Servic…

SHARE

by Cecilia Levine