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Yahoo! National News

U.S. public pensions outperform in first quarter: Wilshire

Yahoo! National News - Wed, 05/06/2015 - 12:04
U.S. public pension funds returned a median 2.19 percent in the first quarter of 2015, outperforming the 1.61 percent returns for the larger asset classes of institutional investment plans and real estate, according to a report to be released on Wednesday. The annual median return for public funds also remains high, at 7.15 percent, after the first quarter of 2015, according to data from the Wilshire Trust Universe Comparison Service. This is the second consecutive positive quarter in a row in which returns remained above the 1.82 percent quarterly return threshold required for an annualized 7.5 percent return, said Wilshire Managing Director Robert Waid. "That's another reason why you want to diversify into different asset classes." Public funds returned 9.59 percent over the last five-year period and 7.02 percent over the last 10-year period, Wilshire data shows.

Family of West Philadelphia child shot in apparent road rage case speaks

Yahoo! National News - Wed, 05/06/2015 - 12:04

Family of West Philadelphia child shot in apparent road rage case speaksPolice say road rage may be to blame for a shooting that sent a young girl to the hospital.


Young girl reunited with parents after SEPTA ride

Yahoo! National News - Wed, 05/06/2015 - 11:54

Young girl reunited with parents after SEPTA rideA little girl escaped her North Philadelphia home and went on an urban adventure this afternoon.


California regulators approve unprecedented water cutbacks

Yahoo! National News - Wed, 05/06/2015 - 11:48

FILE- In this April 16, 2015 file photo, California Gov. Jerry Brown talks with reporters after a meeting about the drought at his Capitol office in Sacramento, Calif. The State Water Resources Control Board is considering sweeping mandatory emergency regulations to protect water supplies as water levels as some of California's lakes and reservoirs continue to decline. Brown has argued that the voluntary targets in place since early 2014 were insufficient and that Californians needed a jolt to take conservation seriously. (AP Photo/Rich Pedroncelli, File)SACRAMENTO, Calif. (AP) — California water regulators adopted sweeping, unprecedented restrictions Tuesday on how people, governments and businesses can use water amid the state's ongoing drought, hoping to push reluctant residents to deeper conservation.


Action News Investigation: Philadelphia fire escape collapses

Yahoo! National News - Wed, 05/06/2015 - 11:40

 Dangerous Philadelphia fire escapesThe pressure is on for Philadelphia lawmakers to tighten lax inspection laws which critics warn have resulted in catastrophic fire escape collapses across the city.


Philadelphia Democratic mayoral candidates debate at 6abc studios

Yahoo! National News - Wed, 05/06/2015 - 11:37

Philadelphia Democratic mayoral candidates debate at 6abc studiosThe Democratic candidates vying to be Philadelphia's next mayor gathered for a live debate Tuesday night on 6abc.


Philadelphia police search for missing 9-year-old boy

Yahoo! National News - Wed, 05/06/2015 - 11:34

Philadelphia police locate missing 9-year-old boyPhiladelphia police are asking for the public's help in locating a missing 9-year-old boy.


Mother tells suspect who shot child to turn self in

Yahoo! National News - Wed, 05/06/2015 - 11:26

Family of West Philadelphia child shot in apparent road rage case speaksPolice say road rage may be to blame for a shooting that sent a young girl to the hospital.


SEPTA bus drives onto train tracks in South Philadelphia, 3 injured

Yahoo! National News - Wed, 05/06/2015 - 11:18

SEPTA bus drives onto train tracks in South Philadelphia, 3 injuredThree people are hospitalized after an accident involving a SEPTA bus in South Philadelphia.


Staten Island prosecutor declares victory in congressional special election

Yahoo! National News - Wed, 05/06/2015 - 11:17

U.S. Representative Michael Grimm of New York at a news conference after his guilty plea at the Brooklyn federal court in New YorkA Republican prosecutor declared victory on Tuesday night in a special election to replace disgraced U.S. Representative Michael Grimm, a month before his sentencing for federal tax evasion. Unofficial New York City Board of Elections results showed Staten Island District Attorney Dan Donovan ahead of Democrat Vincent Gentile by about 8,000 votes, holding a lead of 59 percent to 39 percent. "I truly believe our nation is at a crossroads, but with that comes great opportunity." Gentile, a member of the New York City Council and former state senator, could not be immediately reached for comment. Donovan drew national attention last year for presenting evidence to a grand jury that did not indict a white police officer in the choking death of an unarmed black man, Eric Garner, during an attempted arrest.


Attorney General Lynch meets Gray family in Baltimore

Yahoo! National News - Wed, 05/06/2015 - 11:14

Attorney General Loretta Lynch speaks with members of Congress and faith leaders at the University of Baltimore on Tuesday, May 5, 2015, in Baltimore. Lynch met with the family of Freddie Gray in private earlier. The FBI and the Justice Department are investigating Gray's death for potential civil rights violations. (AP Photo/Jose Luis Magana, Pool)BALTIMORE (AP) — Attorney General Loretta Lynch pledged Tuesday to improve the city's police department after meeting with the family of a man who was fatally injured in police custody.


Drought forces California into first mandatory rules to save water

Yahoo! National News - Wed, 05/06/2015 - 11:12

A drought sign is seen in a field near ButtonwillowBy Sharon Bernstein SACRAMENTO, Calif. (Reuters) - California water regulators on Tuesday adopted the state's first rules for mandatory cutbacks in urban water use as the region's catastrophic drought enters its fourth year. The emergency regulations, which require some communities to trim water use by as much as 36 percent, were approved unanimously late Tuesday by the State Water Resources Control Board weeks after Democratic Governor Jerry Brown stood in a drying mountain meadow and ordered statewide rationing. "This is a community crisis," said water resources board chair Felicia Marcus as testimony began in a daylong hearing on the rules on Tuesday. Urban users will be hardest hit, even though they account for only 20 percent of state water consumption, while the state's massive agricultural sector, which the Public Policy Institute of California says uses 80 percent of human-related consumption, has been exempted.


Tech executive mourned by Silicon Valley luminaries

Yahoo! National News - Wed, 05/06/2015 - 11:09

Mourners arrive at a memorial service for SurveyMonkey CEO David Goldberg, Tuesday, May 5, 2015, in Stanford, Calif. The 47-year-old, husband of "Lean In" author and Facebook executive Sheryl Sandberg, died in an accident while exercising at a Mexican vacation resort on Friday, May 1. Authorities say he apparently slipped on a treadmill and struck his head. (AP Photo/Noah Berger)PALO ALTO, Calif. (AP) — Tech industry luminaries and friends gathered Tuesday for a memorial service honoring David Goldberg, a popular business leader whose marriage to Facebook executive Sheryl Sandberg made them one of Silicon Valley's most prominent couples.


Police: Idaho officer shot by man who stole patrol car dies

Yahoo! National News - Wed, 05/06/2015 - 10:55

 Idaho officer shot by man who stole patrol car diesPolice say a northern Idaho officer shot by a man who stole his patrol car has died of his injuries.


UN: Peacekeepers ambushed in Congo; 2 dead, 13 wounded

Yahoo! National News - Wed, 05/06/2015 - 10:38
UNITED NATIONS (AP) — Suspected rebels ambushed a Tanzanian unit of U.N. peacekeepers in eastern Congo on Tuesday, killing two and wounding 13, the spokesman for the secretary-general said in a statement. Four peacekeepers were reported missing.

Capital murder indictment returned in U.Va. slaying case

Yahoo! National News - Wed, 05/06/2015 - 10:28

Jesse Mathew to be charged for the murder of Hannah GrahamCHARLOTTESVILLE, Va. (AP) — The man accused of abducting and killing a University of Virginia student has been charged with capital murder and a prosecutor said Tuesday she will seek the death penalty if the case goes to trial.


Chicago asks school teachers to take 7 percent pay cut: union

Yahoo! National News - Wed, 05/06/2015 - 10:26
By Mary Wisniewski CHICAGO (Reuters) - Three years after a public school strike, Chicago teacher contract talks are off to a rocky start, with the debt-burdened district demanding a 7 percent pay cut, union officials said on Tuesday. The Chicago Teachers Union said in a statement it was "highly insulted" by the district's demands, which include increases in health insurance premiums. Getting to a new contract, without another strike, will be the first major test of Mayor Rahm Emanuel's second term. Chicago Public Schools Chief Executive Officer Barbara Byrd-Bennett, appointed by Emanuel, took a leave of absence in April pending the outcome of a federal probe into a contract awarded to a company that had employed her.

Police: Northern Idaho officer shot by man who stole his patrol car has died

Yahoo! National News - Wed, 05/06/2015 - 10:19
SPOKANE, Wash. (AP) — Police: Northern Idaho officer shot by man who stole his patrol car has died.

U.S. Air Force says may revisit rocket plan if firms do not respond

Yahoo! National News - Wed, 05/06/2015 - 09:58
By Andrea Shalal WASHINGTON (Reuters) - The U.S. Air Force may have to revisit its strategy to develop a new U.S.-fueled launch vehicle aimed at ending American reliance on Russian rocket engines if U.S. companies fail to bid to build prototypes for the government, a senior general said Tuesday. Lieutenant General Ellen Pawlikowski, the Air Force's top military acquisition official, said she had received positive feedback from some companies about a draft request for proposals on the Air Force's approach, but other companies were "not so happy". Air Force Secretary Deborah James last week said the Air Force expects to finalize the terms of the competition by the end of May, and could award contracts for prototypes of new U.S.-fueled launch vehicles as early as September. Pawlikowski told reporters at a Women in Aerospace conference that the involvement of private firms - Blue Origin run by Amazon.com founder Jeff Bezos and Elon Musk's SpaceX or Space Exploration Technologies - complicated the situation since neither company's engine work relied on government funding.