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DT Michael Pierce agrees to pay cut as Ravens continue to clear cap space

Published Tue, 05 Nov 2024 10:56:00 GMT

Ravens nose tackle Michael Pierce agreed to take a $2 million pay cut as part of a contract restructure that will give the team about $2.7 million in salary cap space.Pierce, 30, signed a three-year, $16.5 million deal to return to the Ravens before last season but played just three games before he had season-ending surgery to repair a torn biceps. He was a candidate to be cut as the Ravens clear cap space to accommodate the $32.4 million nonexclusive franchise tag they placed on quarterback Lamar Jackson.Instead, the Ravens will keep an interior run stuffer who was playing well before his injury last season. Pierce played his first four seasons in Baltimore before he signed a free agent deal with the Minnesota Vikings in 2020. Though he played at least 14 games every year during his initial stint with the Ravens, he has not played more than eight games in a season since 2019.Pierce could earn back much of his pay cut if he meets a series of incentives.In a previous move to clear ca...

One dead, one injured in Oakland warehouse roof collapse

Published Tue, 05 Nov 2024 10:56:00 GMT

OAKLAND — A man was killed and a woman injured early Friday when a roof collapsed at the East Oakland warehouse where they were working, authorities said.No other information has been released yet about the victims.Authorities said a portion of the roof at the warehouse in the 600 block of 85th Avenue collapsed about 3:20 a.m. Friday. It was not immediately known what business occupied the warehouse.A man working inside was brought outside before first responders arrived, fire officials said. He was pronounced dead there.Related ArticlesCrashes and Disasters | Atmospheric river rocks Bay Area, causing closures, evacuations Crashes and Disasters | With La Niña officially over, El Niño will form during this hurricane season, forecasters say Crashes and Disasters | Coroner: 1 death in San Bernardino Mountains linked to recent storms; 8 others being investigated Crashes and Disasters | Gov. Gavin Newsom requests emergency declar...

Halvah! Torshi! First-ever East Bay Nowruz Market hits this weekend

Published Tue, 05 Nov 2024 10:56:00 GMT

Nowruz, the arrival of the spring equinox, is an ancient celebration of hope and renewal. A group of East Bay students and makers are organizing a one-stop shop for the holiday, also known as Persian New Year, to raise funds to support the ongoing fight for women’s rights in Iran.The market, the first of its kind in the East Bay and likely the Bay Area, will feature a dozen vendors, mostly of Iranian descent, selling homemade foods — think tangy Persian torshi and nutty halvah — plus art, jewelry, vintage clothing, plants and other DIY goods on March 12 at 2727 California Street, a cooperative art gallery in Berkeley.Jars of Persian torshi are among the foods for sale at a first-time Nowruz Market in Berkeley. (Shaverdi Torshi) Organizer Helia Sadeghi, chef-founder of Big Dill Kitchen, says she noticed a lack of community around Nowruz when she immigrated to the Bay Area from Iran in 2016. That was one of the reasons she and the other vendors wanted to hold a ...

‘Redaction Palooza’ costs California cities, agencies $750, but what price do we pay?

Published Tue, 05 Nov 2024 10:56:00 GMT

Talk about fun — it’s “Redaction Palooza” time!A large law firm specializing in public agency representation — including dozens of cities and special districts in California — is offering a series of online seminars so public workers can learn how to use exemptions under the California Public Records Act.What a hoot!We turn, for clarity, to the dictionary definitions of “redaction” (the censoring or obscuring of part of a text) and “palooza” (a wild, crazy and extravagant party). This bacchanalian fete costs just $750 per attendee — public money spent, if we’re understanding this correctly, to help keep records from the public.“If you are a public agency who wants to learn more about exemptions available through the California Public Records Act, this training series is for you!” the Redaction Palooza website crows. “In half-hour sessions, presenters will provide an in-depth look into specific exemptions, including best practices for common exemptions.”Screenshot of BB&K website...

Why is everyone talking about SVB? Here’s everything we know about the bank right now

Published Tue, 05 Nov 2024 10:56:00 GMT

By Low De Wei | BloombergThe startup world was thrown into chaos Thursday when a lender little-known outside of Silicon Valley sparked a wave of panic in tech circles that dragged down banking shares around the world.Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio. After that, things went rapidly downhill. So what does SVB bank do and why has it sparked panic? Here’s everything we know right now — and what could happen next:What’s happening at SVB?Santa Clara-based SVB’s ordeal began after its parent company,  SVB Financial Group, announced that it sold $21 billion of securities from its portfolio and said it was holding a $2.25 billion share sale to shore up finances. The move was prompted by high deposit outflows at the bank due to a broader downturn in the startup industry, analysts say.  SVB also forecast a sharper decline in net interest income.All of that spooked a number of prominent ve...

Bank run fear: Silicon Valley Bank is reportedly exploring a sale as Wall Street calls for a bailout

Published Tue, 05 Nov 2024 10:56:00 GMT

SVB Financial Group is reportedly exploring a sale after selling billions of dollars of assets to make its customers whole and sparking a panic on Wall Street this week.Reuters and CNBC, citing people familiar with the matter, reported that the financially strapped bank was considering a potential sale to a larger institution. SVB didn’t immediately respond to CNN’s request for comment.Shares of SVB were halted Friday morning after falling more than 60% in premarket trading. The stock tumbled 60% Thursday after the bank said it had to sell a portfolio of US Treasuries and $1.75 billion in shares at a loss to cover rapidly declining customer deposits — essentially facing a run on the bank.SVB, a relatively unknown bank outside of Silicon Valley, lends to higher-risk tech startups that have recently been hurt by higher interest rates and dwindling venture capital.The bank partners with nearly half of all venture-backed tech and health care companies in the United States, many of which...

San Jose’s ‘Plant Slut’ wants Gen Z to have green thumbs

Published Tue, 05 Nov 2024 10:56:00 GMT

Natalie Nijmeh’s downtown San Jose store may be small — roughly equal to a single-car garage — but it packs a rebellious punch. Starting with its name.Plant Slut, located smack dab in the middle of San Pedro Square, is what you could call a bohemian Gen Z-ers paradise. There are the plants of course, from little cacti to a 9-foot-tall fig tree. Other goodies also fill the store, from marijuana-themed ashtrays to body-part-shaped mini ceramic pots to a turquoise-colored bar of soap with a two-word phrase etched in it that can’t be printed in this newspaper.Hint: it rhymes with “bucket.”For 25-year-old Nijmeh, a San Jose native, the shop is a dream come true. After graduating from Cal State Long Beach three years ago, she was in a job that just wasn’t doing it for her. While selling plants as a side business, Nijmeh made a leap of faith and turned the gig into a full-time job when she opened her store almost exactly a year ago in February. We ...

One killed after roof collapses at Peet's Coffee distribution center in Oakland

Published Tue, 05 Nov 2024 10:56:00 GMT

OAKLAND, Calif. (KRON) -- A man was killed early Friday morning when the roof of a Peet's Coffee distribution center in Oakland collapsed. A woman also suffered minor injuries in the collapse. Structural engineers are currently on the scene trying to assess what caused the collapse. The Peet's facility was also used by other coffee companies.This is a developing story. Check back for updates.

Italy responds to 3 boats in distress with 1,300 migrants

Published Tue, 05 Nov 2024 10:56:00 GMT

MILAN (AP) — The Italian coast guard responded Friday to three boats carrying more than 1,300 migrants that were “in danger” in the Mediterranean Sea off Italy’s southern coast, officials said. Coast guard vessels were dispatched to rescue about 500 people on a smuggler’s boat about 700 miles off the Calabria region, which forms the toe of the Italian boot. Coast guard crews also were rescuing 800 migrants from two boats in difficulty some 100 miles off Calabria.The rescues come nearly two weeks after a shipwreck off the Calabrian coast killed at least 73 migrants who had departed Turkey. Another 80 were rescued, but more are missing and presumed dead.Prosecutors are investigating whether Italian authorities failed to properly respond to the ship signaled by the European border control agency, Frontex. Instead of deploying coast guard boats for a rescue, they sent border enforcement vessels for a law enforcement operation.Four smugglers have been arrested in the case, includin...

Wife sues over meteorologist’s death in NC helicopter crash

Published Tue, 05 Nov 2024 10:56:00 GMT

The family of a meteorologist who was killed last year in a helicopter crash in North Carolina is suing a maintenance facility and the companies that owned and operated the aircraft. The complaint filed this week in Mecklenburg County Court in Charlotte alleges negligence and claims the helicopter was running on contaminated fuel, which can lead to engine failure. The suit claims the company that owned the aircraft is liable for the alleged failures of the helicopter’s pilot to properly preform a flight inspection as well as emergency procedures for engine failure. It also claims that an unnamed mechanic was negligent for failing to maintain and inspect the helicopter. Meteorologist Jason Myers and pilot Chip Tayag died in November after the Robinson R44 helicopter crashed along a Charlotte-area interstate. Police praised the pilot for heroically avoiding the roadway. Meyers worked for WBTV and Tayag worked for the Total Traffic and Weather Network, which is owned by parent co...