June 2022

NEW YORK (AP) — This year’s sell-off for Wall Street means stocks no longer look to be in a dangerously overvalued bubble, as some critics had warned. Prices have retreated toward historical norms, when measured against corporate profits. But that doesn’t mean the danger is over for Wall Street. Analysts have so far been maintaining their expectations for corporate profits going forward. If those forecasts fall, stocks would take more jagged turns lower. Some companies have recently made high-profile warnings about how inflation is affecting their bottom lines, both on revenue and on costs.

DETROIT (AP) — High gas prices have Wallace Reid looking for a new career. Reid, who drives for Uber and Lyft in New York, fills up his Lexus at least three times a week.

WASHINGTON (AP) — The country has long endured a numbing succession of mass shootings at schools, places of worship and public gathering places. None forced Congress to react with significant legislation — until now.

NEW YORK (AP) — Wall Street is poised to open higher at Thursday’s opening bell a day after the head of the Federal Reserve acknowledged that a recession is possible. Futures for the Dow Jones Industrial Average rose 0.6% and futures for the S&P 500 jumped 0.8%.

During the Texas Republican Convention in Houston last weekend, Texas Agriculture Commissioner Sid Miller criticized the law enforcement response to last month’s deadly school shooting in Uvalde and said he plans to place “highly trained” armed guards in each of the state’s school cafeterias.

Uvalde Consolidated Independent School District police Chief Pete Arredondo has been placed on administrative leave amid criticism of his response to the worst school shooting in Texas history. Uvalde CISD Superintendent Hal Harrell announced the move in a news release Wednesday, one day after Department of Public Safety Director Steve McCraw placed much of the blame of the delayed response to the shooting at Arredondo’s feet.

The Uvalde massacre began after the 18-year-old gunman entered the school through a door that could only be locked from the outside and then got inside a classroom that had a busted lock. That’s according to experts who testified Tuesday before the Texas state Senate. Securing doors has long been a focus of school safety drills, and experts said the inability to do so during the May 24 attack that left 19 children and two teachers dead is raising alarms among experts and politicians. State Sen. Paul Bettencourt said unlockable doors make lockdowns and shooter training worthless, adding that there was “zero obstacle to the shooter.”

A demonstration of the “Adventures in Ice Dyeing” is offered this Saturday, June 25, at 11 a.m., at the Art Center in Downtown Brownwood. The event is free and open to the public.