logo
Officials consider public drinking proposal for popular Santa Monica promenade

Officials consider public drinking proposal for popular Santa Monica promenade

Yahoo28-04-2025

City councilmembers are considering a proposal to bring public drinking to Santa Monica's popular Third Street Promenade.
The proposal would allow businesses already with a licence to sell alcohol to customers who could walk around with their beverages in designated areas while they shop or enjoy the atmosphere.
Supporters of the proposal believe it could bring a boost to downtown businesses in the post-COVID economy.
'I think it's a great idea,' said Andrew Thomas, CEO of Downtown Santa Monica Inc. 'I think it's the biggest thing that's happened to the promenade since the promenade was built.'
If approved, the zone would become the first of its kind in the state since Governor Gavin Newsom passed a bill allowing public drinking in areas deemed 'entertainment zones.'
The bill defines entertainment zones as 'a zone created by a city, county, or city and county ordinance on or after January 1, 2025, that authorizes consumption of one or more types of alcoholic beverages on public streets, sidewalks, or public rights-of-way.'
In addition, the bill authorizes city and county officials to establish entertainment zones, which is what Santa Monica city officials are currently looking into.
Councilmembers are weighing the idea of creating a permanent entertainment zone in an area of the outdoor shopping center, which would encompass three blocks from Wilshire Boulevard to Colorado Avenue.
'My first instinct is to say, eek, I don't like it, just because it can create a certain atmosphere of chaos,' one local said. 'But, I think if it's managed properly with the right ethics and regulations, I would say it's a great choice.'
According to Downtown Santa Monica Inc., there will be strict rules around the area.
'Nobody can bring in outside alcohol to the entertainment zone,' Thomas told KTLA's Sara Welch. 'You have to purchase it from businesses here, so it's not a free-for-all by any means. It will be heavily regulated.'
City councilmembers are set to revisit the proposal at their next meeting in May.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Air India crash casts a shadow over the Paris Air Show — the year's biggest aviation and defense event
Air India crash casts a shadow over the Paris Air Show — the year's biggest aviation and defense event

Business Insider

time40 minutes ago

  • Business Insider

Air India crash casts a shadow over the Paris Air Show — the year's biggest aviation and defense event

In Paris's upscale 16th arrondissement, with windows framing the Eiffel Tower, a media event hosted by Honeywell Aerospace on Sunday began with a sharing of sympathies for the victims of Air India Flight 171. Rising geopolitical tensions were already set to heighten anxieties at the 2025 Paris Air Show, but last week's events have cast a somber shadow. The terrible scenes of Thursday's plane crash, which killed all but one of the 242 people on board and dozens more on the ground, are on everyone's minds at the biennial industry gathering. Alternating each year with the Farnborough air show in the UK, it is typically a vibrant affair. Throughout the week, some 300,000 people will descend on Le Bourget Airport as aviation and defense companies announce orders and show off their aircraft. Both Boeing's CEO, Kelly Ortberg, and its commercial airplanes chief, Stephanie Pope, have now pulled out of attending the show, while a media drinks reception was canceled. Boeing did not immediately respond to a request for comment. Meanwhile, GE Aerospace, which made the Air India 787's engines, postponed an investor day. This week was set to be a pivotal chance for Ortberg, who took over last August, to show how he is revitalising the planemaker after 2024's annus horribilis. Meanwhile, Israel's airstrikes against Iran complicated the geopolitical tensions amid President Donald Trump 's trade war and the ongoing conflict in Ukraine. War may be good for defense companies' profits, but it is becoming increasingly clear that the post-World War II order of international cooperation and globalisation is being shaken up. That's particularly felt by an innately global industry like aviation, as it could hurt travel demand and disrupt complex supply chains. Local solutions Europe's growing independence was a notable theme at the Honeywell Aerospace event. Some executives were keen to show they could speak French, and the company highlighted its facilities across the continent. "We recognize that nations here are increasingly seeking local solutions to economic and military autonomy," said CEO Jim Currier. Mike Vallillo, VP for international defense, said customers were looking to support existing programs from within their own borders, with greater control over supply chains. "Longer term, we expect the emphasis around sovereignty and greater independence to require a lot of investment in technology," he added. Points of optimism Honeywell Aerospace is a major player in the industry, but may go unnoticed by the casual flyer, creating vital parts like avionics and auxiliary power units. As Currier put it, having "a portfolio that touches nearly everything that flies." Despite an air of apprehension ahead of the show, Sunday's event also touched on points of optimism for commercial aviation. "Record backlogs at aircraft [original equipment manufacturers] reflect more demand than supply, as commercial travel has doubled every 15 to 20 years, amid a growing global middle class," Currier said. Boeing reported a blockbuster May with 303 orders, following a record deal with Qatar Airways during Trump's trip to the Middle East. Its European rival, Airbus, recorded an almost unheard-of zero orders last month, suggesting there will instead be plenty of announcements in Paris. Vietnam's VietJet and Malaysian budget airline AirAsia are each set to order about 100 Airbus jets, Bloomberg and Reuters reported. Saudi Arabia's startup airline Riyadh Air is also expected to sign a deal with Airbus. Set to launch later this year and backed by the kingdom's Public Investment Fund, Riyadh Air is exhibiting two planes in Paris and has also teased reveals. A tangible show of its ambitions could raise the mood, but the 55th Paris Air Show is still set to be a muted affair.

Best money market account rates today, June 16, 2025 (Earn up to 4.41% APY)
Best money market account rates today, June 16, 2025 (Earn up to 4.41% APY)

Yahoo

timean hour ago

  • Yahoo

Best money market account rates today, June 16, 2025 (Earn up to 4.41% APY)

Find out which banks are offering the top rates. Money market accounts (MMAs) can be a great place to store your cash if you're looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term savings that you want to grow over time, but can still access when needed for certain purchases or bills. Even though rates have been falling over the past several months, it's still possible to find money market accounts that pay more than 4% APY. Here is a look at some of today's best money market account rates: Interested in earning the best possible interest rate on your savings balance? Here is a look at some of the best savings and money market account rates available today from our verified partners. This embedded content is not available in your region. Money market account rates have fluctuated significantly in recent years, largely due to changes in the Federal Reserve's target interest rate. In the wake of the 2008 financial crisis, for example, interest rates were kept extremely low to stimulate the economy. The Fed slashed the federal funds rate to near zero, which led to very low MMA rates. During this time, money market account rates were typically around 0.10% to 0.50%, with many accounts offering rates on the lower end of that range. Eventually, the Fed began raising interest rates gradually as the economy improved. This led to higher yields on savings products, including MMAs. However, in 2020, the COVID-19 pandemic led to a brief but sharp recession, and the Fed once again cut its benchmark rate to near zero to combat the economic fallout. This resulted in a sharp decline in MMA rates. But starting in 2022, the Fed embarked on a series of aggressive interest rate hikes to combat inflation. This led to historically high deposit rates across the board. By late 2023, money market account rates had risen substantially, with many accounts offering 4% or higher. However, the Fed finally began cutting rates in late 2024. As of 2025, MMA rates remain high by historical standards, though they've begun a downward trajectory following the Fed's most recent rate cuts. Today, online banks and credit unions tend to offer the highest rates. When comparing money market accounts, it's important to look beyond just the interest rate. Other factors, such as minimum balance requirements, fees, and withdrawal limits, can impact the total value you get from the account. For example, it's common for money market accounts to require a large minimum balance in order to earn the highest advertised rate — as much as $5,000 or more in some cases. Other accounts may charge monthly maintenance fees that can eat into your interest earnings. However, there are several MMAs available that offer competitive rates without any balance requirements, fees, or other restrictions. That's why it's important to shop around and compare accounts before making a decision. Additionally, ensure that the account you choose is insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), which guarantees deposits up to $250,000 per institution, per depositor. Most money market accounts are federally insured, but it's important to double-check in the rare case the financial insitution fails. Read more: Money market account vs. high-yield savings account: Which is best for you? The national average interest rate for money market accounts is just 0.64%, according to the FDIC. However, the best money market account rates often pay around 4% to 4.50% APY — similar to the rates offered on high-yield savings accounts. The amount you will earn on $50,000 in a money market account depends on the annual percentage rate (APY) and the time period you leave the money in the account. For example, if you deposit $50,000 into a money market account that pays 4.5% APY and left it in your account for one year, you'd earn $2,303 in interest. There are currently no money market accounts that pay 5% APY. However, some high-yield savings accounts from online banks do. You can also check with your local bank or credit union to find out if they offer a 5% APY account that fits your needs. This embedded content is not available in your region.

Crapo to answer big megabill questions
Crapo to answer big megabill questions

Politico

timean hour ago

  • Politico

Crapo to answer big megabill questions

Presented by IN TODAY'S EDITION:— Senate Finance to release 'big, beautiful bill' changes— Scoop: Hospitals back megabill Medicaid plan — Senators to get post-Minnesota security briefing Senate Finance is expected to reveal at least some of its tweaks to the House-passed 'big, beautiful bill' today, but the panel's text will likely include placeholders for key Medicaid and tax provisions as negotiations continue. Chair Mike Crapo will brief Senate Republicans on his proposals around 6 p.m., three people granted anonymity to share the unannounced plans told Jordain. Expect the state-and-local-tax deduction to be one of the TBDs as GOP senators continue to hash out how much they want to roll back the House's $40,000 SALT cap. Senate Majority Leader John Thune teased a 'compromise position' on SALT in a pre-taped Fox News Sunday interview. He said there 'isn't a high level of interest' among senators to follow the House in quadrupling the $10,000 limit that's in law today. Thune insisted that President Donald Trump's tax priorities — no taxes on tips and overtime — will be 'incorporated' in the Senate's version of the megabill, despite Senate Republicans' desire to trim them in favor of making business tax incentives permanent. A person granted anonymity to discuss the negotiations tells Jordain that Senate Republicans still plan to make those business tax provisions permanent — a win for Thune, Crapo and other Finance members. With the Senate out Thursday and Friday, this shortened week will be key for sending the bill to Trump's desk by July 4. The Senate parliamentarian will have bipartisan discussions with committees, and staffers anticipate she will start issuing rulings now that nearly every committee has released text. A few other megabill developments: — Trump and Rand Paul talk it out: Paul told NBC News that the two spoke Saturday, after Trump spent weeks attacking the Kentucky Republican for signaling he'd vote against the bill. Paul, who has objected to the bill's debt-ceiling increase, said he told Trump he's 'not an absolute no' and that the two are 'trying to get to a better place in our conversations.' But he also indicated that Republicans are spending little energy in really trying to win him over. — What Mark Meadows is doing behind the scenes: The former House Freedom Caucus chair and one-time Trump chief of staff is operating as a sounding board for conservatives as they try to hang onto some of their biggest priorities in the megabill, Jordain and Meredith Lee Hill report. Meadows huddled with House and Senate hard-liners last week, and is in regular contact with House Freedom Caucus members. 'Mark is trying to help get a deal done,' Sen. Rick Scott said. GOOD MONDAY MORNING. Email your Inside Congress scribes at lkashinsky@ mmccarthy@ jcarney@ bguggenheim@ and crazor@ Follow our live coverage at the Inside Congress blog at THE SKED The House is out. The Senate is in session and voting to end debate on Gary Andres' nomination to be an assistant secretary of HHS at 5:30 p.m. — Intel will have a closed briefing at 4 p.m. — Senate Republican and Democratic leadership will hold private meetings shortly before evening votes. — Crapo will brief the Senate Republican Conference on the Finance portion of the megabill after votes around 6 p.m. The rest of the week: The Senate, which is in through Wednesday, will take up stablecoin legislation and work through Trump's nominations, including Olivia Trusty to be a member of the FCC. The House is out all week and will return next Monday. THE LEADERSHIP SUITE Senate leaders to convene security briefing after Minnesota shooting Senators will receive a classified security briefing Tuesday morning from the chamber's sergeant at arms and the Capitol Police, Jordain scooped, after a Saturday shooting killed and injured Minnesota state lawmakers and their spouses. The suspected shooter, Vance Boelter, was arrested late Sunday, per The Associated Press. The internal announcement Sunday from Thune about the bipartisan briefing came after GOP senators and Minority Leader Chuck Schumer requested one. Schumer said he also obtained extra security for Minnesota Sens. Amy Klobuchar and Tina Smith, as well as Sen. Alex Padilla after the California Democrat was forcibly removed from Homeland Security Secretary Kristi Noem's Los Angeles press conference last week. 'We have to reevaluate how we are protecting members of Congress and staff in the face of rising threats,' Schumer said Sunday. House Minority Leader Hakeem Jeffries said Saturday he also asked the Capitol Police and the House sergeant at arms to ensure members' safety. The rise in political violence is rattling members on both sides of the aisle, many of whom have experienced threats. Speaker Mike Johnson called the Minnesota incident 'horrific' and urged lawmakers to 'unequivocally condemn it' in a post on X. Exactly eight years ago to the day of Saturday's shooting, Majority Leader Steve Scalise was shot and wounded during a congressional baseball practice in Virginia. POLICY RUNDOWN FIRST IN INSIDE CONGRESS: HOSPITALS GIVE GOP GREEN LIGHT ON MEDICAID CHANGES — Senate GOP leaders are getting some outside help as they try to find a landing spot on the megabill's Medicaid revamp and the provider tax, which several states use to help fund their Medicaid programs. Hospital associations from 13 states sent a letter to Thune and Crapo, a copy of which was obtained by Jordain, urging them to 'move forward with the carefully negotiated Medicaid provider tax-related and Medicaid directed payment program provisions in the House-passed budget reconciliation bill.' The states represented in the letter include several with red-state senators like Jim Justice and Shelley Moore Capito from West Virginia, Josh Hawley and Eric Schmitt from Missouri and Thom Tillis from North Carolina. (Maine, where Sen. Susan Collins has raised concerns about rural hospitals and the impact of a provider tax freeze, is not represented on the letter.) The call to hold the line on the House language comes as some Senate conservatives have floated going further and rolling back the provider tax, something that would likely cause heartburn with both House and Senate moderates and rural-state lawmakers. But the hospital associations warned that 'additional changes to seek further cuts through these Medicaid provider tax-related provisions would jeopardize the fragile balance that has been struck and threaten the healthcare safety net in our communities.' GOP SCRUTINIZES TRUMP'S HOUSING MOVES — GOP lawmakers and the mortgage industry are questioning the Trump administration's plans to maintain government control over much of the nation's housing finance system, defying expectations that it would back off, our Katy O'Donnell reports. Trump surprised the industry late last month by pledging to take public Fannie Mae and Freddie Mac, the government-controlled companies that stand behind half the $16 trillion residential mortgage market, while preserving an implicit federal guarantee for their solvency. It's causing a rift among Republicans, including among some administration aides who have long worked to reduce the government's footprint in the housing market. 'I want to get [Fannie and Freddie] out of conservatorship,' said Sen. Mike Rounds, chair of the Senate Banking subcommittee with oversight of the mortgage giants. 'But I want to be very careful about how we do it, because we need the secondary [mortgage] market, and we need it to work.' Best of POLITICO Pro and E&E: CAMPAIGN STOP FIRST IN INSIDE CONGRESS: NEW CANDIDATE IN MI-10 — Tripp Adams, an Army and Navy veteran who's served as CEO of a health tech startup, is joining the crowded Democratic field in Michigan's 10th District as GOP Rep. John James runs for governor. Democrats are making the district one of their top targets to flip in 2026; it includes parts of Macomb and Oakland counties and is among the more competitive in the state. Adams is looking to lean on his service record to differentiate himself from the pack, billing himself in a statement as part of a 'new generation of patriotic leadership.' It's part of a growing trend of Democrats looking to play up their military backgrounds as the party tries to separate patriotism from MAGA. TUNNEL TALK OUT AND ABOUT — Schumer was seen having dinner with former Sen. Sherrod Brown in Ohio. The dinner comes as some Democrats hope he will consider another Senate bid, as P laybook noted this weekend. WELCOME TO THE WORLD — Sen. Ruben Gallego and his wife, Sydney Gallego, welcomed a son, Cooper. THE BEST OF THE REST $75 billion firm wins carve-out in tax bill after lobbying push, from Jeff Stein and Clara Ence Morse at The Washington Post Lisa Murkowski Says 'It's Dangerous for Us in the Legislative Branch', from Lulu Garcia-Navarro at The New York Times Padilla handcuffing raises the stakes for Democrats confronting administration, by Rebecca Beitsch at The Hill CAPITOL HILL INFLUENCE NEW IRA TAX CREDIT LOBBYING — Energizer Holdings has brought on Washington Council Ernst & Young to help salvage an Inflation Reduction Act incentive for advanced manufacturing of products like batteries and battery components, POLITICO Influence reports. Tommy Brown, who worked in Treasury's legislative affairs office during the Biden administration, will work on the account with Bob Schellhas, Evan Giesemann and Ryan Abraham, who was the Democratic tax counsel on Senate Finance during negotiations on the 2017 GOP tax bill, according to a disclosure filing. JOB BOARD Graeme Crews will be senior director of media and public relations at Brady United. He previously was comms director for Rep. Judy Chu and the Congressional Asian Pacific American Caucus. Valeria Ojeda-Avita will be chief communications officer for BOLD PAC. She previously was deputy chief of staff, senior adviser and comms director for Rep. Gabe Vasquez. HAPPY BIRTHDAY Rep. Jason Smith … former Rep. Robert Hurt … Don McGahn … Phil Singer of Marathon Strategies … Liz Bourgeois … NPR's Steve Inskeep … POLITICO's Zack Stanton, Madison Fernandez, Sophie Gardner … Cook Political Report's Jessica Taylor … Matt Gruda … Mark Tapscott … Colin Diersing … Rocky Deal … Reid Wilson … Phil Cox of GP3 Partners and P2 Public Affairs … Jared Kamrass of Technicolor Political … Jim Kim of the American Cleaning Institute … Ryan Yeager … Jared Kamrass of Technicolor Political TRIVIA FRIDAY'S ANSWER: Noah Rubin correctly answered that Chris Collins was the former House lawmaker whose insider trading indictment included video footage of the White House Congressional Picnic. TODAY'S QUESTION, from Noah: In honor of Flag Day this past weekend, which president designated June 14 as Flag Day and in what year did they do so? The first person to correctly guess gets a mention in the next edition of Inside Congress. Send your answers to insidecongress@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store