Extra, Extra: News you may have missed
Jackson Gosnell, Staff Writer
LOCAL:
Whole Foods coming to downtown Greenville
Whole Foods has announced they are coming to downtown Greenville. The upscale grocery chain will be housed in the same location as the new Greenville County Square. Whole Foods Market was the first announced tenant in the project. Completion of the project is expected in the coming months. Previous reporting suggests the project will be completed by the end of April.
NATIONAL:
Nikki Haley is running for President
The former governor of South Carolina, Nikki Haley, has announced that she is running for President. Haley will run as a republican against the only other Republican in the race, Donald Trump. It’s expected that others will join the race in the coming months.
Haley held an event in Charleston, South Carolina to kick off her campaign recently. Haley is calling for a new generation of leadership. Haley says our current politicians are too old. She also called for mental competency tests for politicians over the age of 75.
Haley highlighted her work as Ambassador to the United Nations and Governor of South Carolina. The Republican primary vote for President in South Carolina is scheduled for February 24, 2024.
Silicon Valley Bank fails
One of the biggest banks on the west coast, Silicon Valley Bank has failed. The bank told its investors they were about to lose several billion dollars due to their investments. The announcement sent shockwaves amongst their depositors who feared they would lose their money.
Many of the banks’ depositors went to the bank and withdrew their money. Due to the sudden surge in customers as the bank was already not doing well, the bank essentially collapsed. Silicon Valley Bank was taken over by the government.
The Federal Deposit Insurance Corporation only guarantees $250,000 per account. Over 97% of Silicon Valley Bank customers had more than the FDIC guarantee in their accounts. Ultimately the FDIC and federal government covered ALL depositors so that no one would lose money. This bank failure is particularly interesting because a few other banks have failed since then. Some economic experts wonder if the US banking system will start seeing failures soon. The US Treasury Secretary, Janet Yellen, though said the US banking system is “sound.”
INTERNATIONAL:
Chinese President, Xi meets with Russian President, Putin.
As the war in Ukraine continues, two of the world’s most notable leaders met to discuss their plans. The leader of China, President Xi, met with Russian President, Putin. The meeting comes as Russia seems to be running out of weaponry in the war. Other nations are not happy about the meeting.
Many nations won’t help Russia because they believe the war is horrible with many such as the White House calling it “Putin’s invasion.” The US has warned China not to provide any weapons to Russia. If China does provide weaponry to Russia, the consequences could be disastrous. As of now, it’s unclear what was decided.
Rotting Fish to be removed from an Australian river.
After devastating floods hit parts of the Australian Outback, dead fish are set to be removed from the surrounding rivers. Due to the floods and unprecedented heat, the water’s oxygen levels decreased causing millions of fish to die. The dead fish smell bad to residents so they will be cleaned up.
Contractors are set to begin removing the rotting fish soon. The community water supply is currently being impacted by dead fish. Right now, water is being brought in from outside sources. The cleanup is expected to take several days but the hope is for the water supply to be returned to normal again.
