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2 American economists win Nobel for work on managing economic shocks

Business News

STOCKHOLM (AP) — American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy of Sciences announced the winners in Stockholm, noting that their work created the theoretical foundation to better understand how consumers decide whether to save or spend, insights that make it easier for policymakers worldwide to stabilize economies after fluctuations. “The laureates’ research has ...

Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say

Business News

A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say. Energy policy experts expressed doubts that a boost in diesel supply from Russia will have a significant impact on oil prices, whether in the U.S. or globally. “It’s kind of shuffling deck chairs on the Titanic,” said Michael Lynch, distinguished fellow at Energy Policy Research Foundation. “If we get diesel from Russia, basically it means that their existing customers are not ...

Junior League hosts hundreds of survivors at annual tea

Local News

CANFIELD - "She held her mama's hand ... When they got the news ... Too close to home ... When it hits close to you ..." Those are lyrics from Candace Campana's "Pink Ink," a song she sang Monday for about 500 breast cancer survivors at Waypoint 4180, during the 32nd annual Pink Ribbon Tea. Sponsored by the Junior League of the Mahoning Valley, the tea brings together survivors and their caregivers for an afternoon of inspiration, music and fellowship. Vendors were on hand with information on products and services to support the breast cancer journey, and cellist Ed Madej provided ...

Judges approve MVSD rate increases

Local News

It has been nearly a month since Mahoning Valley Sanitary District representatives were invited to speak with Niles officials prior to a council meeting about a potential rate increase, and judges have issued their opinion. According to a judgement entry electronically filed with the Mahoning County Clerk of Courts Wednesday, Mahoning County Common Pleas Court Judge Anthony Donofrio and Trumbull County Common Pleas Court Judge Sean O’Brien gave the go-ahead for a rate hike on MVSD customers from Jan. 1, 2027, to Dec. 31, 2029. The MVSD provides bulk drinking water to the cities of ...

Local News

BIO BOX INFO: NAME: John Faur Jr. AGE: 79 RESIDENCE: Warren SERVICE BRANCH: Navy MILITARY HONORS: National Defense Medal, Letter of Commendation OCCUPATION: Retired after working over 50 years in the automotive industry WARREN — John Faur graduated from Warren G. Harding at 17 and enlisted in the Navy soon after. He was discharged three years later, a day before his 21st birthday. “There were 859 students in my graduating class, the largest class ever to graduate from Harding. It was before they built Warren Western Reserve High School in 1967,” Faur said. He said ...

3,156-pound pumpkin grown in Rhode Island is being inspected for possible world record

National News

HALF MOON BAY, Calif. (AP) — A Rhode Island pumpkin grower appears to have broken the world record for the heaviest pumpkin, with his giant squash topping the current record by nearly 300 pounds. Ron Wallace of Greene, Rhode Island, weighed his pumpkin Saturday at a contest in New England and is now waiting for the Guinness Book of World Records to confirm he smashed the record, set about a week earlier by a grower in England. Wallace said he’s been in contact with Guinness officials who say his record is on track to be verified. “It’s truly massive, it was a pleasure to ...