Utah
Stock market reacts to latest inflation news
FILE – A street sign is seen in front of the New York Stock Exchange June 14, 2022. The U.S. stock market experienced a “record-setting rally” on Wednesday. The Associated Press reported the S&P closed 1.2% higher and the Nasdaq composite closed 1.4% higher. (Seth Wenig, Associated Press)
(Seth Wenig, Associated Press)
SALT LAKE CITY — The U.S. stock market experienced a “record-setting rally” on Wednesday. The Associated Press reported the S&P closed 1.2% higher and the Nasdaq composite closed 1.4% higher.
Investors are reportedly energized by the latest report from the U.S. Department of Labor that shows inflation is cooling somewhat across the U.S.
We asked DMBA Certified Financial Planner Gerika Espinoza what these numbers may mean for Utahns. The podcast is below.
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Utah
Muslim man in Utah was targeted in stabbing because of his religion, police say
A Utah man told police he repeatedly stabbed a Muslim man because of the man’s faith and intended to kill him, according to court records filed Monday.
The Muslim man survived the attack Monday afternoon at a mall southeast of Salt Lake City. But he’s expected to face a long recovery after suffering more than 15 stab wounds, according to a GoFundMe page set up to help with medical expenses.
Bystanders were able to get the knife out of the suspect’s hand before police arrived at the scene at Valley Fair Mall, court records show.
The suspect, Peter Michael Larsen, was arrested on suspicion of attempted murder and carrying a prohibited dangerous weapon. He told police he targeted the employee over his religious beliefs, according to the court records, which didn’t list an attorney who could comment on his behalf.
The Associated Press was unable to locate any of Larsen’s immediate family in public records.
The Valley Fair Mall did not immediately respond to email and voicemail requests for comment.
Larsen, 48, was on parole for a previous violent felony, court records show. He is being held without bail.
Salt Lake County District Attorney Sim Gill, whose office is determining whether to pursue charges, declined to comment.
“We don’t want to say anything else until we receive the results of the investigation,” Gill said in a statement.
The Council on American-Islamic Relations, a Muslim advocacy group, called on elected officials to reject anti-Muslim rhetoric.
“Our nation’s political and community leaders have a moral responsibility to reject anti-Muslim hate in all its forms before more innocent people are harmed,” Nihad Awad, the organization’s national executive director, said in a statement.
In May, two teenagers killed three people and then themselves at an Islamic Center in San Diego in an attack that has left the community reeling. The AP obtained writings of both teenagers, including hateful rhetoric toward Jewish people, Muslims and Islam, as well as the LGBTQ+ community, Black people, women, and both the political left and right.
Utah
Legal outcomes difficult to track for hundreds of human-caused Utah wildfires
SALT LAKE CITY (KUTV) — There have been hundreds of human-caused wildfires this year in Utah, but the legal outcomes are hard to track.
At least two people have been charged recently for starting fires: one for the Memory Grove Fire in Salt Lake and one for the Mountain Road Fire in Ogden.
This year alone, 327 wildfires have been started by people in Utah — an act that should carry consequences, according to some.
“Certainly, if it’s intentional, it’s against the law,” resident David Mastroianni said. “If it’s not intentional, then they weren’t being as careful as they should be with something they should be careful with.”
But, before anyone gets to that point, there’s a lot of work that goes into figuring out what started the fire, let alone who.
“The fire investigator will show up on scene and will look at the scene, collect evidence, and then turn it over to the proper authorities,” said Kelly Wickens with Forestry, Fire, and State Lands.
Tracking which fires end with criminal charges or civil suits is difficult.
Wickens said that once the fire is out and the investigator turns the evidence over, their work is done, and it’s up to the proper authorities to press charges.
“Arson does require — this is what makes it difficult — is that you have to establish someone intentionally started a fire,” said former prosecutor Nathan Evershed.
Evershed said there are more charges than just arson, such as reckless burning.
“So, if it’s not intentional and it’s more accidental, it can still be viewed as being reckless,” Evershed said.
That could mean if a firework accidentally causes a fire.
Evershed said that there’s also a difference between causing a structure fire and a grass fire. A structure fire could result in aggravated arson charges.
But what happens if a fire is completely accidental?
“It’s more difficult to find a criminal sanction on that … still could be a civil sanction on that, where somebody would have to pay restitution,” Evershed said.
So, while there’s no concrete number for how many human-caused fires have led to charges or civil suits, there are a lot of avenues if someone does get caught.
Evershed said you can even be charged if you just abandon a campfire that causes a fire.
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Utah
One of Utah’s public ski areas is for sale
Four lifts, 174 acres, night skiing and a concert venue near Logan are up for grabs.
(Photo courtesy of Dylan White |@blanco_photovideo/Cherry Peak Resort)
The entire front side of Cherry Peak Resort, located about half an hour north of Logan, is illuminated for night skiing.
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