Savannah Bananas bring fun on the diamond at JetBlue ParkCaught on Camera: Cape Coral mailbox hit by drifting car
LEE COUNTY Savannah Bananas bring fun on the diamond at JetBlue Park The Savannah Bananas amazed and entertained a sold out JetBlue Park Friday night for the first time in Southwest Florida.
CAPE CORAL Caught on Camera: Cape Coral mailbox hit by drifting car A Cape Coral homeowner was left in shock after a car sent her mailbox flying through the air and left tire tracks next to her home.
ARCADIA DeSoto County man sentenced for deadly DUI crash Justice for a mother and son killed by a man driving under the influence.
NAPLES Oldest Black-owned business in SWFL continues to serve community Cleveland Bass Movers, founded in 1969, stands as the oldest Black-owned business in Southwest Florida.
FORT MYERS BEACH Broken gate on Lovers Key Beach Resort frustrating residents Residents of Lover’s Key Beach Club in Fort Myers Beach are frustrated with a gate that remains wide open, despite “No Trespassing” signs, since Hurricane Ian struck two years ago.
St. James City Church plans $700k flood-proofing project for future safety Hurricanes have caused flood after flood, and one island church, The First Baptist Church of Saint James City, wants to build higher.
Romance scams rise in the US, AARP warns residents to beware Romance scams are on the rise, with the Federal Trade Commission reporting over 64,000 cases in the U.S. in 2023.
Fort Myers Savannah Bananas make their way to Fort Myers for first time The Savannah Bananas have made their way to JetBlue Park for Friday’s sold-out game in Fort Myers to watch “the greatest show in sports.”
CAPE CORAL Cape Coral Yacht Club receives key permit Cape Coral received a key permit for a Yacht Club Community Park. This permit opens up the necessary steps for the park to be built.
PORT CHARLOTTE Holy Trinity Greek Orthodox Church holds 31st annual Greek Fest The Holy Trinity Greek Orthodox Church of Port Charlotte kicked off its 31st annual Greek Fest on Friday.
Donations helping young kids get fed Food insecurity is a pressing issue in the community, and organizations like the Harry Chapin Food Bank, Meals of Hope and the Guadalupe Center are stepping up to help.
New risk factors contribute to heart disease February is American Heart Month, a perfect time to assess your heart health.
PORT CHARLOTTE Port Charlotte High School student arrested for possession of BB gun According to the Charlotte County Sheriff’s Office, a student has been arrested after a BB gun was found in his backpack on Friday.
FORT MYERS Fort Myers Regional Library to undergo multiple repairs due to Ian The Fort Myers Regional Library is preparing for essential repairs, nearly two years after Hurricane Ian made its impact.
Drug bust at Collier County home leads to triple arrest Three people are accused of running a drug house that held opioids, fentanyl and other illicit narcotics in Collier County.
LEE COUNTY Savannah Bananas bring fun on the diamond at JetBlue Park The Savannah Bananas amazed and entertained a sold out JetBlue Park Friday night for the first time in Southwest Florida.
CAPE CORAL Caught on Camera: Cape Coral mailbox hit by drifting car A Cape Coral homeowner was left in shock after a car sent her mailbox flying through the air and left tire tracks next to her home.
ARCADIA DeSoto County man sentenced for deadly DUI crash Justice for a mother and son killed by a man driving under the influence.
NAPLES Oldest Black-owned business in SWFL continues to serve community Cleveland Bass Movers, founded in 1969, stands as the oldest Black-owned business in Southwest Florida.
FORT MYERS BEACH Broken gate on Lovers Key Beach Resort frustrating residents Residents of Lover’s Key Beach Club in Fort Myers Beach are frustrated with a gate that remains wide open, despite “No Trespassing” signs, since Hurricane Ian struck two years ago.
St. James City Church plans $700k flood-proofing project for future safety Hurricanes have caused flood after flood, and one island church, The First Baptist Church of Saint James City, wants to build higher.
Romance scams rise in the US, AARP warns residents to beware Romance scams are on the rise, with the Federal Trade Commission reporting over 64,000 cases in the U.S. in 2023.
Fort Myers Savannah Bananas make their way to Fort Myers for first time The Savannah Bananas have made their way to JetBlue Park for Friday’s sold-out game in Fort Myers to watch “the greatest show in sports.”
CAPE CORAL Cape Coral Yacht Club receives key permit Cape Coral received a key permit for a Yacht Club Community Park. This permit opens up the necessary steps for the park to be built.
PORT CHARLOTTE Holy Trinity Greek Orthodox Church holds 31st annual Greek Fest The Holy Trinity Greek Orthodox Church of Port Charlotte kicked off its 31st annual Greek Fest on Friday.
Donations helping young kids get fed Food insecurity is a pressing issue in the community, and organizations like the Harry Chapin Food Bank, Meals of Hope and the Guadalupe Center are stepping up to help.
New risk factors contribute to heart disease February is American Heart Month, a perfect time to assess your heart health.
PORT CHARLOTTE Port Charlotte High School student arrested for possession of BB gun According to the Charlotte County Sheriff’s Office, a student has been arrested after a BB gun was found in his backpack on Friday.
FORT MYERS Fort Myers Regional Library to undergo multiple repairs due to Ian The Fort Myers Regional Library is preparing for essential repairs, nearly two years after Hurricane Ian made its impact.
Drug bust at Collier County home leads to triple arrest Three people are accused of running a drug house that held opioids, fentanyl and other illicit narcotics in Collier County.
Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew) The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak. The Fed announced Thursday that it’s injecting up to $2 trillion into short-term lending markets as a way to ensure that the Treasury bond market can function smoothly. It’s also broadening its ongoing $60 billion-a-month purchases of Treasurys to include longer-term bonds. Combined, the Fed’s actions led the stock market to sharply pare its losses. At first, it caused Treasury yields to fall before they rose back up again. The action, being led by the New York Fed, is intended to keep credit markets functioning and ensure that banks can continue to provide loans to businesses and other borrowers across the economy. Earlier in the day, the European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak. The ECB’s president said, though, that monetary policy couldn’t do it alone and called for a “decisive and determined” response from governments. President Christine Lagarde said the economy was facing a “major shock” and that the central bank measures unveiled Thursday were “almost surgically” targeted at areas where monetary policy could help. The market for U.S. Treasurys is the foundation of all other financial products on Wall Street. Because investors believe the U.S. government would never default on its debt, the bonds issued by the U.S. government are used to price every other asset. The market for U.S. government debt is enormous — roughly $17.5 trillion, the largest single pools of investment assets in the world. Individual Treasurys are used to price key price financial products that everyday Americans use. The 10-year bond is the underlying basis for the 30-year fixed-rate mortgage, while the 3-month note is used to price CDs and money market accounts. More than a decade ago, central banks around the world slashed interest rates and began pumping trillions of dollars into banks to combat a global financial crisis. The coronavirus is presenting them with a very different challenge – at a time when some policymakers have barely caught their breath from the last economic disaster. The central banks in the U.S., the eurozone, Canada and Britain have all deployed stimulus. The Bank of Japan is signaling it is ready to act and monetary authorities in Australia, Indonesia and Malaysia have cut rates. Authorities are putting major economies, businesses and travel on lockdown around the world – slamming the prospect for the global economy. But Lagarde underlined Thursday something that seems to be spooking financial markets: Central bank are limited in their capacity to help the economy. She repeatedly pleaded for governments to pitch in by spending more or giving companies and families tax relief. Europe’s top monetary authority didn’t cut rates as investors had hoped – a sign that monetary policy is running low on ammunition with rates already very low. The ECB’s key policy rate on bank deposits is already at an unprecedented minus 0.6%. The heart of the matter is that the coronavirus affects economies in ways far different from the bursting debt bubbles that afflicted markets and economies in 2008-9. The virus has hit demand by canceling activity from manufacturing to trade shows to vacations to basketball games. No amount of cheap credit will reopen those events. All the central bankers can do its aim their powers at the secondary effects: shaken confidence, plunging stocks, worried consumers and cautious bankers. And it’s an uphill struggle. Even a surprise half-percentage point rate cut by the Federal Reserve only halted the stock selloff for a few hours. The ability to shock and awe is clearly diminished. Marcel Fratscher, head of the German Institute for Economic Research in Berlin, told the DPA news agency that “unlike during the global financial crisis, the central banks will only be able to help a little in combating the economic damage from the coronavirus.”