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HONG KONG (AP) — Hong Kong's main stock index has taken a nosedive in Wednesday trading, plunging 8 percent amid an accelerating sell-off in mainland China. Beijing announced a series of new measures today aimed at bolstering Chinese stock markets, but they failed to stop the selling. The Shanghai Composite Index ended nearly 6 percent lower, and the turmoil spilled over to Hong Kong's Hang Seng. Other markets in Asia were also sharply down, including Japan's Nikkei, which lost more than 3 percent.
SAN FRANCISCO (AP) — A law enforcement official briefed on the investigation into the shooting death of a woman on a San Francisco pier last week says the weapon used belonged to a federal agent. Juan Francisco Lopez Sanchez pleaded not guilty yesterday to first-degree murder. He's told two TV stations that he found the gun wrapped in shirt and it went off in his hands. His public defender says the shooting appears to have been an accident.
NEW YORK (AP) — Officials say they're eliminating cash bail for thousands of New Yorkers accused of misdemeanor and non-violent felonies in an effort to divert them from the Rikers Island jail complex. The mayor's criminal justice coordinator says the plan will require people to be monitored but allow them to live at home and continue their jobs while they wait for trial. The plan is expected to be unveiled later today.
WASHINGTON (AP) — Congress is set to try again to overhaul the Bush-era No Child Left Behind education law. Republicans and Democrats alike are calling it outdated and unworkable, and both the House and Senate are debating rewrites. A bipartisan measure before the Senate would shift much of the federal oversight of schools to the states and local districts. The House has a GOP-sponsored bill that includes a provision that would allow public money to follow low-income children to different public schools.
PROVO, Utah (AP) — A Utah teenager is scheduled to be sentenced this afternoon for a 50-mile crime spree that left one sheriff's deputy dead and another wounded. Meagan Grunwald faces 25 years to life in prison following her May conviction on 11 charges, including aggravated murder. Prosecutors say the 18-year-old was a willing accomplice in the 2014 police chase and was ready to do anything to stay with her 27-year-old boyfriend, who was killed in a shootout with police.
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