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With ‘virtual speed bumps,’ these cities have reduced crashes by rewarding slower drivers with fewer red lights

Officials struggled for years to curb  high-speed crashes  along a residential corridor cutting through Albuquerque, New Mexico, but simply  punishing the lead-footed drivers  didn’t seem to work. What ultimately did was rewarding the law-abiding ones with fewer  red lights . The solution, which the city credits for a dramatic drop in crashes and injuries along one busy stretch of road, is a relatively novel version of a longstanding  traffic safety  concept commonly known as “rest in red,” in which traffic signals default to red until a vehicle approaches. But Albuquerque and Portland, Oregon, took it a step further by adding speed sensors that grant a much earlier green light to drivers traveling at or below the  posted limit. “We’re finding that the technology itself is kind of its best advertisement,” Jennifer Turner, Albuquerque’s director of municipal development, said of the strategy the city deployed on Lead and Coal ave...

New U.S. sanctions will hit ordinary Iranians hard. That may be the whole point as the crashing economy stirs fresh protests

Treasury Secretary Scott Bessent laid out plans for an “economic D-Day” against Iran on Monday,  seeking to further isolate the regime from the rest of the world. The U.S. will expand its use of secondary sanctions against entities and countries that engage with Iran. Bessent also said any country that helps Iran will be removed from the dollar-based financial system. In addition, he targeted five of Iran’s “most vital lifelines”: digital assets, technology, gold, aviation, and shipping. But Esfandyar Batmanghelidj, founder and CEO of the Bourse & Bazaar Foundation think tank, said those are actually lifelines for the Iranian people, not the regime. “Digital assets and gold are how ordinary Iranians protect their savings from inflation,” he explained in a post on X . “Technology keeps Iranians connected with the world. Aviation keeps Iranian families connected with loved ones across borders. Shipping is how essential g...

Amid high gas prices and shrinking crude stockpile, Trump says U.S. to take control of 65 billion barrels of Venezuelan oil reserves

President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez. “The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote. The announcement of the deal comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to  capture Venezuela’s president Nicolás Maduro  and spirit him to the United States to face federal narcoterrorism and drug trafficking charges. Trump faces mounting pressure to address high gas prices as  the war in Iran  reaches a six-month milestone with no conclusion in sight. The U.S. has tapped its strategic petrol...

Dolly Parton likely wrote 2 of her biggest hits on the same day

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The world has lost a music legend in Dolly Parton, who has died at 80 after a “brief battle” with cancer. She’s remembered for her twanging country vocals, decades of hit recordings, Grammys, Emmys and a liberal splash of acting. But the biggest legacy Parton leaves is her songwriting, and three songs define her more than any others. Jolene , I Will Always Love You and 9 to 5 are not just memorable Parton songs – they are integral to popular music history. They show a skilful musician who knew how to blend the story of lyrics with the drama of music. Like many songwriters, Parton had things to say. What makes her contribution notable was when her lyrics told a story, and her music matched it. Jolene In Jolene, released in 1974, Parton’s lyrics capture the torment of watching your lover flirt with someone else. It’s a powerful human experience – particularly for women despairing over how easily the next pretty young thing grabs male attention. Parton’s despera...

Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia

Zach Abrams, the founder of stablecoin company Bridge, admits he was surprised when the bulk of his business ended up coming from non-U.S. markets in Latin America, Europe, and Africa. “We were very U.S.-centric. We didn’t know what the opportunities were in the Philippines, Africa, or Latin America,” Abrams says. “Unbeknownst to us, there was all this pent up demand outside the U.S. to build with stablecoins.” The firm’s first customers asked it to build cross-border payment infrastructure between the U.S. and Colombia and to facilitate payouts into countries like Venezuela and the Philippines. Bridge’s rapid rise was driven by regions that featured high friction across borders, like Latin America. Now part of Stripe, Abrams argues that the next phase of growth could come from tokenizing non-dollar currencies. Today’s stablecoin sector is dominated by coins denominated in the U.S. dollar , with these tokens making up over 95% of all transactions. That’s unnerved gove...

Current price of oil as of August 26, 2026

At 7:15 a.m. Eastern Time, the price of oil sits at $87.41 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.80 since yesterday morning and roughly $20 more than at this time last year. oil price per barrel % Change Price of oil yesterday $90.21 -3.10% Price of oil 1 month ago $98.69 -11.42% Price of oil 1 year ago $67.31 +29.86% Check Out Our Daily Rates Reports Discover the highest high-yield savings rates , up to 4.50% for August 27, 2026. Discover the highest CD rates , up to 4.50% for August 27, 2026. Discover the top CD rates from major banks on August 27, 2026. Discover the current mortgage rates for August 27, 2026. Discover current refi mortgage rates report for August 27, 2026. Discover current ARM mortgage rates report for August 27, 2026. Discover current HELOC rates for August 27, 2026. Discover the current price of gold for August 27, 2026. Discover the current price of silver for Augu...

Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims

A sales force of more than 100 agents allegedly cold-called thousands of prospective investors with sleek, scripted pitches for shares in the most exclusive private tech companies in the world, including SpaceX, Anduril, Anthropic, and Perplexity, while promising repeatedly there would be no hidden fees. The agents worked for The Spaventa Group (TSG), a Long Island financial firm founded by Andrew Spaventa, a former broker who spent years selling pre-IPO investments before founding TSG in 2020.  More than 800 people bought in. Most were retail investors, and more than 650 put in $100,000 or less, while over 100 were retirees, according to the Securities & Exchange Commission. The alleged boiler room raked in more than $74 million for 11 private funds run from offices on Long Island and New Jersey over the course of four and a half years from December 2020 to June 2025.  Despite the promise of no rip offs from “unnecessary fees,” investors paid on average 46% ...