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Cities reviving downtowns by converting offices to housing

Published Wed, 26 Feb 2025 15:18:51 GMT

NEW YORK (AP) — On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills.The building, empty since 2021, is being converted to 588 market-rate rental apartments that will house about 1,000 people. “We’re taking a vacant building and pouring life not only into this building, but this entire neighborhood,” said Joey Chilelli, managing director of real estate firm Vanbarton Group, which is doing the conversion.Across the country, office-to-housing conversions are being pursued as a potential lifeline for struggling downtown business districts that emptied out during the pandemic and may never fully recover. The conversion push is marked by an emphasis on affordability. Multiple cities are offering serious tax breaks for developers to incentivize office-to-housing conversions — provided that a certain...

Stock markets today: Asian stocks mixed ahead of new US data

Published Wed, 26 Feb 2025 15:18:51 GMT

BEIJING (AP) — Asian stock markets were mixed Monday ahead of a U.S. economic update this week that is expected to show growth slowing.Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell.Wall Street’s benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week.U.S. data Thursday are expected to show first-quarter economic growth weakening after interest rate hikes aimed at cooling business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May meeting.France and Germany report economic growth Friday following surveys that show European factory activity declining.“There is no doubt that the global economy is weakening and vulnerable to further slowing,” Clifford Bennett of ACY Securities in a report.The Shanghai Composite Index lost 0.5% to 3,285.81 while the Nikkei 225 in Tokyo advanced 0.3% to 28,646.39. The Hang Seng in Hong Kong retreated 0.6% to 19,953.0...

Some DeSantis allies feel growing urgency to launch 2024 bid

Published Wed, 26 Feb 2025 15:18:51 GMT

Inside the Florida statehouse, Gov. Ron DeSantis’ Republican allies say they’re working “at warp speed” to finish their legislative business.In South Carolina and Nevada, early voting states that are critical in a presidential primary, his operatives are moving quickly to build out a political team that is essentially a campaign in waiting. And in Washington, his most vocal supporters are urging him to announce his White House intentions now.Just six months after a dominant reelection sent his national stock soaring, a palpable sense of urgency is growing among DeSantis’ allies as increasingly emboldened critics within his own party — particularly former President Donald Trump — work to undermine his presidential campaign before it begins.“I would prefer him to be in the race right now. In fact, I encouraged him to get in the race right now,” said Rep. Thomas Massie, R-Ky., who hosted a visit by DeSantis to Washington last week that was overshadowed by Trump’...

Biden’s 2024 campaign has been hiding in plain sight

Published Wed, 26 Feb 2025 15:18:51 GMT

WASHINGTON (AP) — President Joe Biden’s reelection campaign has been hiding in plain sight all along.The contours of the 2024 campaign that Biden will formally launch with a video as soon as this week will look a lot like his messaging and policy moves from the past few months: Play up accomplishments from his first two years, draw a sharp contrast with Republican policies he deems extreme, and brush off worries about his age.Biden, aides contend, has essentially been campaigning since Republicans took control of the House last year, focused on showing Americans how his administration is implementing massive new infrastructure, technology and climate laws, and portraying Republicans as in the grip of the far right at a time when Washington is nearing a crucial fight over raising the nation’s borrowing limit.While advisers say Biden’s activities and message in coming months will be largely indistinguishable from what he’s been doing over the last six months, the frame of reference wi...

Anthony Edwards carries Minnesota to wild overtime victory to stave off elimination

Published Wed, 26 Feb 2025 15:18:51 GMT

It wouldn’t be the playoffs if the Timberwolves didn’t miraculously blow a double-digit lead late in the fourth quarter, as they did Sunday.And yet, they still managed to force a Game 5 on Tuesday in Denver.After surrendering a 12-0 Denver run in the final 2 minutes, 40 seconds of regulation, Minnesota responded in overtime to defeat the top-seeded Nuggets 114-108 at Target Center.It was a wild ending to what was a lifeless contest for much of the night. The Target Center in-arena announcers were asking, begging, those in attendance to make some semblance of noise in the second half of Game 4 on Sunday.Denver was starting to pull away in the middle of a sluggish contest that, frankly, hadn’t provided much for anyone to cheer about. A pair of Nikola Jokic triples put Denver up by nine in the middle of the third quarter.Everyone in the building seemed resigned to the idea that the series was going to conclude in a 4-0 sweep.But Anthony Edwards had something to say ab...

Wolves survive dramatic overtime to beat Nuggets in Game 4, extend series back to Denver

Published Wed, 26 Feb 2025 15:18:51 GMT

MINNEAPOLIS – The ice in Anthony Edwards’ veins got colder than a Minnesota deep freeze.Edwards’ gut-check 3-pointer, with 11 seconds left in overtime Sunday night, saved Minnesota’s season and extended this first-round series, at least, for one more game.The Timberwolves rode Edwards’ 34 points for a pulsating 114-108 win in Game 4, forcing this series back to Denver for Tuesday’s Game 5. Perhaps there, where the Nuggets have dominated opponents all season, Denver will punch its ticket to the second round.“We didn’t play any defense,” a dejected Nuggets coach Michael Malone said.Minnesota was up 12 points with less than three minutes left in regulation when Nikola Jokic and Michael Porter Jr. refused to quit. Together, they rode a storm of 3-pointers to force overtime. But in the extra session, the T-Wolves outscored Denver 18-12 to stave off elimination.“I didn’t think we were going to go undefeated the whole postseason,” Malone said.Jokic poured in 43 points and snatc...

Nuggets 3-pointers: Yes, Anthony Edwards is magic. Yes, Timberwolves avoided monster choke job. But Denver should end this in 5.

Published Wed, 26 Feb 2025 15:18:51 GMT

Initial thoughts from the Nuggets’ 114-108 loss to the Minnesota Timberwolves in the first round of their Western Conference playoff series:1. We’ll see ya Tuesday. Or not. OK, guess we will. Anthony Edwards? Magic. Get him away from Rudy Gobert and Karl Anthony-Towns, the kid might win a ring someday. But not this year. Not with this Minnesota team. And not against these Nuggets. Not after what we saw Sunday night. With 2:37 left and the Target Center hopping, the 1 seed trailed by 12. With 12.7 seconds on the clock, the game was tied. Denver, buried by Timberwolves fans, the TNT broadcast crew and Twitter at large, put on a 12-0 run over 2:23 to turn Game 4 into a nail-biter. What made it even more impressive, given how Denver had scored just six points in the fourth quarter with 6:16 left in the stanza. Then again, these are the T-Pups, and ask LeBron James and the Lakers how well Minnesota closes postseason games. Still, Sunday’s result means Denver has still never won four stra...

Hyman scores in OT as Oilers beat Kings 5-4 to even series

Published Wed, 26 Feb 2025 15:18:51 GMT

LOS ANGELES (AP) — Zach Hyman scored at 10:39 of overtime as the Edmonton Oilers rallied from three goals down late in the first period to beat the Los Angeles Kings 5-4 Sunday night to even their first-round series at two games apiece.Hyman's snap shot from the left faceoff circle was his first goal of the playoffs. Leon Draisaitl had two goals and an assist for the Oilers, Evan Bouchard had a goal and two assists while Evander Kane forced OT with his third-period goal. Connor McDavid had three assists, and Jack Campbell, who came in after Stuart Skinner was pulled after one period, made 27 saves against his former team.Draisaitl leads the league in playoff scoring with nine points and is tied with the Rangers Chris Kreider in goals with five.Viktor Arvidsson had a goal and an assist for the Kings, while Kevin Fiala had two assists in his first game since April 1. Gabriel Vilardi, Anze Kopitar and Matt Roy also scored for the Kings while Joonas Korpisalo stopped 35 shots. Phillip D...

Curry calls timeout when Warriors had none left in final minute of Game 4

Published Wed, 26 Feb 2025 15:18:51 GMT

SAN FRANCISCO (KRON) -- Stephen Curry is undoubtedly one of the greatest players to ever play basketball. However, during Sunday's Game 4 win, the Warriors superstar did something that had some scratching their heads. Warriors even up series 2-2 with win over Sacramento Kings Up by five with about 42 seconds left in the game, Curry dribbled the ball up the court and called timeout. The problem is the Warriors had none left, and the four-time NBA champion was charged with a technical foul. Possession was given to the Kings, and Malik Monk made the technical foul free throw to cut the Warriors' lead to four. Ultimately, Golden State hung on to win, and Curry's blunder became an afterthought.Had the Warriors lost, this play might've been talked about for a long time. Remember a similar play by Chris Webber that cost Michigan in the 1993 NCAA National Championship?It was a rare mental lapse for the two-time NBA MVP as Warriors coach Steve Kerr couldn't believe it. The play made it on...

Biden podría elegir a Julie Chávez Rodríguez para dirigir su campaña de reelección del 2024

Published Wed, 26 Feb 2025 15:18:51 GMT

Se espera que el presidente Joe Biden contrate a Julie Chávez Rodríguez, asesora principal de la Casa Blanca, para dirigir su campaña de reelección, según dijeron el domingo dos personas familiarizadas sobre el asunto.Las personas hablaron bajo condición de anonimato porque el nombramiento de Rodríguez no se ha concretado y Biden aún no ha lanzado formalmente su campaña de reelección. CBS News fue la primera en informar de que Biden había decidido elegir a Rodríguez.Rodríguez, activista del Partido Demócrata desde hace mucho tiempo, también trabajó en la Casa Blanca durante el mandato del ex presidente Barack Obama. Es nieta del líder sindical César Chávez y de la activista sindical Helen Fabela Chávez.Mientras crecía en California participó activamente en campañas, eventos, marchas y reuniones sindicales.Ha sido directora de la Oficina de Asuntos Intergubernamentales de la Casa Blanca desde el inicio de la presidencia de Biden y se incorporó al puesto de asesora principal el pasado...