Crews battle 2.5-acre brush fire near Alico and Eagle Village DriveJake’s story: A mother’s mission to share her son’s story and help other young people
ESTERO Crews battle 2.5-acre brush fire near Alico and Eagle Village Drive San Carlos Park Fire District is on the scene fighting a 2.5-acre brushfire near Alico and Eagle Village Drive.
FORT MYERS Jake’s story: A mother’s mission to share her son’s story and help other young people One Fort Myers mom is turning her pain into purpose after her son, who she refers to as her “heavenly Angel,” took his own life.
CAPE CORAL New renderings for the Cape Coral Yacht Club promise a bright future The Cape Coral Yacht Club, which has been part of this community since the 1960s, will now have a new look after Hurricane Ian’s devastating effects.
LEHIGH ACRES Owner bars public from Barefoot Lake, LCSO installs Watch Tower Every weekend, roughly 200 people go to Barefoot Lake in Lehigh Acres to relax, fish, swim and have a good time.
CAPE CORAL Concern over water shortage in Cape Coral Concern is flowing through Cape Coral as neighbors are seeing their canal levels low and their wells run dry.
FORT MYERS FSW softball swinging for success in the postseason Now their focus shifts to states which means the newbies are looking to the experienced sophomores for advice.
BONITA SPRINGS Young SWFL tennis player competing with professionals You may not know her name now, but you might want remember it because 16-year-old Cookie Jarvis-Tredgett is already competing with professionals.
NORTH NAPLES ‘It’s all about connection,’ Statement Peace makes jewelry with sustainability in mind The brand Statement Peace, once started inside founder Jessica Lee’s home, is now in 2,700 stores across the country
Pine Manor 2 arrested for firing gun at birthday party in Pine Manor A party ended with two people behind bars.
FORT MYERS Shooting investigation on busy Fort Myers street Police are conducting a shooting investigation that involves a traffic crash near Michigan Avenue and Dr. Martin Luther King Boulevard.
FGCU New FGCU athletic director Colin Hargis ready to build on department’s success New FGCU athletic director Colin Hargis talks about the department’s future amid the age of NIL and the transfer portal.
FORT MYERS More middle-aged women being treated for acne You probably thought you broke up with it after high school, but acne is rearing it’s ugly blackheads in adult women.
Lee County student ran up and hit teacher in head, report shows The report says a 13-year-old student ran up and smacked a teacher in the head because multiple classmates offered him money to do so.
NAPLES Collier Planning Commission continues discussion for apartments near Fiddler’s Creek The developer of Fiddler’s Creek wants to build hundreds of luxury apartments on a slice of a 600 acre-plus property known as section 29.
CAPE CORAL Fatigue sets in for third day of FEMA hearings Flying several hours to come to a FEMA code compliance hearing in Cape Coral is the reality for John Gasparini from Maryland.
ESTERO Crews battle 2.5-acre brush fire near Alico and Eagle Village Drive San Carlos Park Fire District is on the scene fighting a 2.5-acre brushfire near Alico and Eagle Village Drive.
FORT MYERS Jake’s story: A mother’s mission to share her son’s story and help other young people One Fort Myers mom is turning her pain into purpose after her son, who she refers to as her “heavenly Angel,” took his own life.
CAPE CORAL New renderings for the Cape Coral Yacht Club promise a bright future The Cape Coral Yacht Club, which has been part of this community since the 1960s, will now have a new look after Hurricane Ian’s devastating effects.
LEHIGH ACRES Owner bars public from Barefoot Lake, LCSO installs Watch Tower Every weekend, roughly 200 people go to Barefoot Lake in Lehigh Acres to relax, fish, swim and have a good time.
CAPE CORAL Concern over water shortage in Cape Coral Concern is flowing through Cape Coral as neighbors are seeing their canal levels low and their wells run dry.
FORT MYERS FSW softball swinging for success in the postseason Now their focus shifts to states which means the newbies are looking to the experienced sophomores for advice.
BONITA SPRINGS Young SWFL tennis player competing with professionals You may not know her name now, but you might want remember it because 16-year-old Cookie Jarvis-Tredgett is already competing with professionals.
NORTH NAPLES ‘It’s all about connection,’ Statement Peace makes jewelry with sustainability in mind The brand Statement Peace, once started inside founder Jessica Lee’s home, is now in 2,700 stores across the country
Pine Manor 2 arrested for firing gun at birthday party in Pine Manor A party ended with two people behind bars.
FORT MYERS Shooting investigation on busy Fort Myers street Police are conducting a shooting investigation that involves a traffic crash near Michigan Avenue and Dr. Martin Luther King Boulevard.
FGCU New FGCU athletic director Colin Hargis ready to build on department’s success New FGCU athletic director Colin Hargis talks about the department’s future amid the age of NIL and the transfer portal.
FORT MYERS More middle-aged women being treated for acne You probably thought you broke up with it after high school, but acne is rearing it’s ugly blackheads in adult women.
Lee County student ran up and hit teacher in head, report shows The report says a 13-year-old student ran up and smacked a teacher in the head because multiple classmates offered him money to do so.
NAPLES Collier Planning Commission continues discussion for apartments near Fiddler’s Creek The developer of Fiddler’s Creek wants to build hundreds of luxury apartments on a slice of a 600 acre-plus property known as section 29.
CAPE CORAL Fatigue sets in for third day of FEMA hearings Flying several hours to come to a FEMA code compliance hearing in Cape Coral is the reality for John Gasparini from Maryland.
Traders Edward Curran, left, and Jonathan Mueller work on the floor of the New York Stock Exchange, Thursday, March 12, 2020. The deepening coronavirus crisis is sending stocks into another alarming slide on Wall Street, triggering a brief, automatic shutdown in trading for the second time this week. (AP Photo/Richard Drew) The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak. The Fed announced Thursday that it’s injecting up to $2 trillion into short-term lending markets as a way to ensure that the Treasury bond market can function smoothly. It’s also broadening its ongoing $60 billion-a-month purchases of Treasurys to include longer-term bonds. Combined, the Fed’s actions led the stock market to sharply pare its losses. At first, it caused Treasury yields to fall before they rose back up again. The action, being led by the New York Fed, is intended to keep credit markets functioning and ensure that banks can continue to provide loans to businesses and other borrowers across the economy. Earlier in the day, the European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak. The ECB’s president said, though, that monetary policy couldn’t do it alone and called for a “decisive and determined” response from governments. President Christine Lagarde said the economy was facing a “major shock” and that the central bank measures unveiled Thursday were “almost surgically” targeted at areas where monetary policy could help. The market for U.S. Treasurys is the foundation of all other financial products on Wall Street. Because investors believe the U.S. government would never default on its debt, the bonds issued by the U.S. government are used to price every other asset. The market for U.S. government debt is enormous — roughly $17.5 trillion, the largest single pools of investment assets in the world. Individual Treasurys are used to price key price financial products that everyday Americans use. The 10-year bond is the underlying basis for the 30-year fixed-rate mortgage, while the 3-month note is used to price CDs and money market accounts. More than a decade ago, central banks around the world slashed interest rates and began pumping trillions of dollars into banks to combat a global financial crisis. The coronavirus is presenting them with a very different challenge – at a time when some policymakers have barely caught their breath from the last economic disaster. The central banks in the U.S., the eurozone, Canada and Britain have all deployed stimulus. The Bank of Japan is signaling it is ready to act and monetary authorities in Australia, Indonesia and Malaysia have cut rates. Authorities are putting major economies, businesses and travel on lockdown around the world – slamming the prospect for the global economy. But Lagarde underlined Thursday something that seems to be spooking financial markets: Central bank are limited in their capacity to help the economy. She repeatedly pleaded for governments to pitch in by spending more or giving companies and families tax relief. Europe’s top monetary authority didn’t cut rates as investors had hoped – a sign that monetary policy is running low on ammunition with rates already very low. The ECB’s key policy rate on bank deposits is already at an unprecedented minus 0.6%. The heart of the matter is that the coronavirus affects economies in ways far different from the bursting debt bubbles that afflicted markets and economies in 2008-9. The virus has hit demand by canceling activity from manufacturing to trade shows to vacations to basketball games. No amount of cheap credit will reopen those events. All the central bankers can do its aim their powers at the secondary effects: shaken confidence, plunging stocks, worried consumers and cautious bankers. And it’s an uphill struggle. Even a surprise half-percentage point rate cut by the Federal Reserve only halted the stock selloff for a few hours. The ability to shock and awe is clearly diminished. Marcel Fratscher, head of the German Institute for Economic Research in Berlin, told the DPA news agency that “unlike during the global financial crisis, the central banks will only be able to help a little in combating the economic damage from the coronavirus.”