Ethereum cofounder Vitalik Buterin says stablecoin turmoil should push investors back to ‘principles-based thinking’ and not rely on endless growth

Vitalik Buterin.

Ethereum’s co-founder thinks stablecoin’s need a back-to-basics approach for future success.
In a blog post, Vitalik Buterin said “principles-based thinking” will return confidence to the market
After the collapse of Terra, Buterin also warned that endless growth isn’t sustainable.

Ethereum cofounder Vitalik Buterin thinks that the stablecoin collapse needs a back-to-basics approach for future success and confidence.

He touted “principles-based thinking” in a blog post entitled “Two Thought Experiments to Evaluate Automates Stablecoins” published Wednesday. Buterin also cautioned that expecting the broader cryptocurrency market to continue to notch limitless growth is detrimental.

“In general, the crypto space needs to move away from the attitude that it’s okay to achieve safety by relying on endless growth,” he wrote.

Instead, Buterin said, investors should move to “evaluate how safe systems are by looking at their steady state, and even the pessimistic state of how they would fare under extreme conditions and ultimately whether or not they can safely wind down.”

The remarks come after the crash of Terra earlier this month. The algorithmic stablecoin used code and relied on the minting and burning of a sister-token to maintain a peg to the dollar. But Terra crashed and sent the broader crypto market reeling.

As part of a thought experiment in his blog post, Buterin examined a hypothetical stablecoin tracking an index that promised 20% annual returns. 

Such a stablecoin would have to charge some kind of negative interest rate to maintain equilibrium to cancel out growth from the index. Otherwise, it would turn into a Ponzi that suddenly collapses one day.

“Even outside of crazy hypotheticals where you build a stablecoin to track a Ponzi index, the stablecoin must somehow be able to respond to situations where even at a zero interest rate, demand for holding exceeds demand for borrowing,” Buterin wrote. “If you don’t, the price …read more

Source:: Businessinsider

Needing bullpen insurance, Yankees bring back Shane Greene on minor-league deal

ST. PETERSBURG — It’s like reunion week for the Yankees.

A day after promoting one-time top prospect Manny Banuelos, the Bombers signed Shane Greene, who was their 2013 Minor League Player of the Year, to a minor league deal on Thursday. Greene had a decent rookie season in pinstripes, but was a cornerstone in the Yankees deal to try and replace Hall of Fame shortstop Derek Jeter.

Now a reliever who is coming off a disastrous 2021 season, and a slow start at Triple-A, Greene is some veteran insurance for a Yankee bullpen that’s taken some big hits recently.

“Obviously, he’s been a really good pitcher in the league, a backend guy, a closer,” Yankees manager Aaron Boone said Thursday night. “So we’re seeing what he’s got. Get with us, I know our guys always have some things that they feel like they can tweak or maybe help a guy with obviously a ton of experience and a ton of success.

“I just know it was intriguing for us to get him and we’ll see what we’ve got,” Boone added.

In just the last week the Yankees bullpen has lost Chad Green for the season to Tommy John surgery and Aroldis Chapman (Achilles) and Jonathan Loaisiga (shoulder) to the 10-day injury list.

That’s a huge hit to what has been a key part of the Yankees’ ability to put up the best record in baseball, 32-13. The bullpen which had the fourth-best ERA in the American League and a corps of relievers who will be tested in the coming weeks by both those losses and an improved schedule of opponents. The four-game series against the Rays at Tropicana Field this weekend is the first 10 of 13 games against teams with winning records. That comes after facing the perpetually rebuilding Orioles seven out of their previous …read more

Source:: The Denver Post

The Ally high-yield savings account offers a competitive interest rate with no minimum opening deposit

The bottom line: The Product Card 5ea20a1ae61f341d570ce0e6 is one of the best savings accounts out there with Ally High Yield Savings Account. Its online tools can also help you save more.

Ally pros and cons

Pros
Cons

 High interest rate

No monthly fees

Savings buckets to save for separate goals

Surprise savings transfers to automatically save extra money

Have to be comfortable banking digitally
Can’t deposit cash

Ally High Yield Savings Account

Insider has picked this account as one of our favorite high-yield savings accounts overall. Ally pays a high interest rate, doesn’t require any money to open an account, and doesn’t charge monthly service fees.

Ally has online tools to help you save smarter. Set up savings buckets to save for separate goals, such as “Emergency Savings” or “Travel Fund.” If you also have a Product Card 5ebacc02204ad302d70b80eb, you can link it to savings and set up surprise savings transfers. Every Monday, Wednesday, and Friday, Ally assesses your checking balance and spending habits to determine whether you can afford to save more. If so, it transfers extra money into savings.

How Ally works

Ally is an online bank with several strong accounts, including its high-yield savings account.

The mobile app has received 4.7 out of 5 stars in the Apple store, and 3.9 out of 5 stars in the Google Play store.

You can speak with a live customer service agent 24/7, either over the phone or online chat.

Individual Ally accounts are FDIC insured for up to $250,000, and joint accounts are insured for up to $500,000.

Ally trustworthiness and BBB rating

The Better Business Bureau gives Ally a D rating because Ally has received numerous complaints on the website.

The BBB measures trustworthiness by looking at how a company responds to customer complaints. It also checks whether a business is honest in its …read more

Source:: Businessinsider

I tried Arby’s new burger and found it surprisingly delicious. But it probably shouldn’t exist.

Arby’s new burger is the chain’s first, and it’s larger than a Big Mac.
It tasted great, but the texture was off and I don’t want a pink fast food burger.
It’s too big and expensive to make sense for most customers. 

Arby’s just introduced its first ever burger, the Wagyu Steakhouse Burger available in three versions.

Of course I had to give it a try. Arby’s is known for its roast beef sandwiches, so a burger is new ground even as its the most well covered territory in fast food.

The chain has been promoting the burger heavily, hyping it up to customers who only have until the end of July to try it.

The hype worked too well. My first attempt to buy it failed when the location was out of burgers for the day at 6 p.m.

I came back earlier the next day and ordered ahead on Arby’s app to avoid the disappointment of the previous day.

The signs at this Arby’s promoted the burger just as heavily.

The instructions in the app didn’t match up with the layout in the restaurant, but I got my food within a few minutes anyway.

I ordered the Deluxe and Bacon Ranch variations, which both came wrapped in foil.

The burgers are made of a blend of 52% American Wagyu and 48% ground beef, Arby’s said.

I was impressed at first look. The burgers come with American cheese, lettuce, red onion, pickles, and “special burger sauce” on a brioche bun. It looked and smelled great.

Arby’s says the burgers are 6.4 ounces each, 50% larger than McDonald’s Quarter Pounder.

I was pleasantly surprised to find that despite the heft of the burger, it wasn’t a huge mess to eat …read more

Source:: Businessinsider

Mother charged with killing 8-year-old daughter in Uptown and then injuring herself — one day after social worker visited family

The 4600 block of North Winthrop Avenue, where police say a mother killed her 8-year-old daughter this week in Uptown.

Google Maps

A woman is accused of assaulting and killing her 8-year-old daughter, then injuring herself, just a day after a state child welfare worker had visited their Uptown home, authorities said.

Andreal Hagler, 38, faces a count of first-degree murder in the death of her daughter, Amaria Osby, according to Chicago police.

Amaria died from multiple injuries from an assault Wednesday morning at a first-floor apartment in the 4600 block of North Winthrop Avenue, according to autopsy results released Friday by the Cook County medical examiner’s office. The girl’s death was ruled a homicide.

Officers were called to the apartment around 11 a.m. and found the girl dead inside, police said. Hagler, her mother, had injured herself and was taken to Weiss Memorial Hospital in good condition. Details of her injuries were not released.

A case worker for the Illinois Department of Children and Family Services had visited the family a day before the murder, but the agency said “no signs of abuse, neglect or danger were noted by our investigator.”

DCFS said it had “prior contact with this family,” and that the family had participated in intact family services from a substance abuse related incident in 2017. The recent visit was the result of an allegation of domestic violence, and was the first contact with the family since closing the prior case in 2018.

The agency said the domestic violence allegation involved abuse of one parent by the other, not abuse of the child.

In 2017, Hagler was arrested for DUI and …read more

Source:: Chicago Sun Times

Democrats’ midterm prospects are already bleak – but they could get worse

Democrats are widely expected to lose control of Congress in the midterm elections. At this point, the question is not “if” Republicans will flip the House – and likely the Senate – but rather, by how many seats.

The president’s approval rating – which has historically been a harbinger of his party’s midterm performance – is underwater: just 38% of registered voters approve of Joe Biden, while 57% disapprove, per a recent Quinnipiac poll. Further, the vast majority of the public (80%) is dissatisfied with the way things are going in the country today.

While some Democrats were optimistic that the news of Roe v. Wade being overturned would improve their political prospects by galvanizing their base, that seems unlikely. Republicans still lead the generic congressional vote by 4-points – and by 6-points with Independents – and maintain a 10-point voter enthusiasm advantage, with 56% of Republicans saying they are more motivated to vote than usual, compared to 46% of Democrats.

Clearly, the Democratic Party already faces an uphill battle in November. But now, three developing issues – with respect to the economy, the pandemic, and the Southern border crisis – threaten to make matters even worse for Democrats, especially given the lack of direction, strategy, and leadership from the administration on each.

First, there’s the potentially worsening state of the economy.

Inflation and high gas prices – which are very politically powerful trends, given their tangible impact on every American – will still be persistent problems in November. In poll after poll, voters cite rising prices as the most urgent issue facing the country, and express deeply negative views of the economy and of President Biden’s handling of it, despite historically low unemployment and increased wages.

In that sense, the White House has clearly failed to develop a compelling and reassuring economic message – as …read more

Source:: Los Angeles Daily News

‘Top Gun’ was the biggest movie of 1986. 36 years later, its sequel is the theater industry’s best shot at winning back older moviegoers.

Tom Cruise in “Top Gun: Maverick.”

“Top Gun: Maverick” finally arrives in theaters this weekend after several delays.
Theatrical industry leaders are optimistic it can bring out older moviegoers.
Analysts are projecting the movie to earn close to or over $100 million over the three-day weekend.

“Top Gun” was the highest-grossing movie of 1986 with $174 million in the US, which would be $460 million in today’s dollars.

This weekend, the movie’s long-awaited big-budget sequel, “Top Gun: Maverick,” finally arrives in theaters after several pandemic-related delays. It does so with the widest US release of all time, in 4,735 theaters.

Paramount, the movie’s distributor (it was coproduced and cofinanced by Skydance), has given its other movies this year, like “The Lost City” and “Scream,” 45-day exclusive theatrical windows before they arrive on the streaming service Paramount+. It’s shorter than the typical pre-pandemic window of 75 days to 90 days, but is emerging as a new industry standard.

“Maverick,” though, is getting a longer window than 45 days, a person familiar with Paramount’s plans told Insider.

Even so, in a theatrical market dominated by superhero blockbusters, “Maverick” isn’t expected to top the 2022 box office like its predecessor did 36 years ago.

Still, the movie has a lot riding on it.

Moviegoers ages 45 and up have been slow to return to cinemas, and theatrical industry leaders are hoping that “Maverick” will attract them in droves.

“‘Maverick’ is a perfect, energizing, fun movie with an audience that grew up with Tom Cruise and ‘Top Gun’,” Rolando Rodriguez, the CEO of Marcus Theatres and chairman of the National Association of Theatre Owners, told Insider during last month’s exhibitor conference CinemaCon.”If I had to choose one movie, I’d say it’s that one that could really break through with a consumer base we want back.”

Rich Gelfond, the CEO of the film technology …read more

Source:: Businessinsider

Natural gas prices have nearly tripled in the US over the last year amid supply fears: ‘There’s almost no ceiling’

Natural gas prices briefly surpassed the $9 mark earlier this week for the first time since 2008.
Prices pulled back Friday but have nearly tripled since a year ago as supply fears and war in Ukraine have sent energy markets reeling. 
Along with the natural-gas price jump, diesel, jet fuel, and prices at the pump have all surged. 

US natural gas prices briefly surpassed $9 per million British thermal units this week for the first time since 2008, joining other energy commodities that have soared recently. 

On Friday, prices retreated 5%, falling back below the $9 mark, but they are still up more than 180% from a year ago.

Underlying the price surge is the decline in natural gas inventories, which were 15% lower last week than the five-year average, according to the Wall Street Journal.

 

The slowdown in the US shale boom has weighed on natural gas production. Meanwhile, US exports of natural gas are booming as buyers in Europe and Asia have scrambled for additional supplies since Russia’s invasion of Ukraine sent global energy markets reeling.

“There’s almost no ceiling for natural gas,” Kent Bayazitoglu, an analyst at the energy consultant Baker & O’Brien Inc, told the WSJ Thursday. “You can reduce your driving a lot easier than you can reduce your natural-gas consumption.”

While he expects prices for natural gas to ease once the summer weather passes, traders are betting that above-normal needs this summer to use energy and air conditioners amid hotter weather will leave inventories low. 

To be sure, prices in the US remain much lower than those in Europe, which has seen ever steeper spikes. Dutch prices, for example, are up 242% year over year.

But the natural gas surge mimics those of other energy commodities. Gasoline prices have soared so high that the US is beginning to

Source:: Businessinsider

New water restrictions bring fresh challenges: What to do in the garden this week

1. With new water restrictions coming into place, it is necessary to be attentive to weather on a daily basis and take a close look at our plants each day to see if we see tell-tale signs of water stress before soaking them. Watering on a set schedule is not conducive to conservation. June brings overcast mornings that sometimes stretch into the afternoon. Such days can lengthen irrigation intervals. Also, be aware that some plants begin to wilt in the afternoon but are standing upright again the next morning, meaning they are not yet in need of water. Other plants may only need to be watered when their leaves begin to curl a little along their margins. Moisture meters are useful for determining when to water and they are available for $7-$15 dollars, suitable for both indoor and outdoor plants. As a general rule, indoor and other container plants need watering when soil is dry at a two-inch depth whereas vegetables growing in the ground need watering when soil is dry at a three-inch depth and fruit trees need water when soil is dry at a four-inch depth. Do not water uniformly but according to the depth of a plant’s roots. You can also check moisture by means of a soil probe, which extracts soil cores to a depth of three feet.

2. Strawberries shoot out lots of runners this time of year, producing more leaves at the expense of flowers and fruit. Remove the runners and fertilize with a product that contains phosphorus and potassium, but no nitrogen since nitrogen encourages leafy growth. Keep a mulch of pine needles or straw around your strawberries since they will quickly rot if they come in contact with the soil surface. However, the origin of the word “strawberry” has nothing to do with …read more

Source:: Los Angeles Daily News

New emoji of a crown-wearing corgi unveiled ahead of Queen’s Platinum Jubilee

New emoji celebrating Queen's Platinum Jubilee

The corgi’s crown features the Platinum Jubilee colours (Picture: PA)

A new emoji paying tribute to the Queen’s love of dogs has been unveiled in the run up to her long-awaited Platinum Jubilee celebrations.

The cartoon image features a corgi – the Queen’s favourite breed – called PJ wearing a purple and platinum crown, and has appeared on the Royal Family’s official Twitter page.

The emoji will automatically appear on Twitter when the celebratory Jubilee hashtags are used – including #PlatinumJubilee, #HM70, #PlatinumPartyatthePalace, #PlatinumJubileePageant, and  #TheBigJubileeLunch. 

The Queen has owned more than 30 corgis during her reign, most of which have been descendants of her first corgi Susan which she was given on her 18th birthday in 1944.

The final dog in Susan’s line, Willow, passed away in 2018 and was followed by Whisper, a pure-bred corgi, and Vulcan, a ‘dorgi’ or corgi and dachshund cross.

Nowadays, the royal has three dogs: an elderly dorgi called Candy, and two corgi puppies Muick and Sandy who kept her busy during the Covid pandemic.

Princess Elizabeth – now Queen Elizabeth – with two corgis in 1936 (Picture Getty)

The Queen with her dogs during the Windsor Horse Trials in 1980 (Picture: PA)

Meet PJ the corgi, our Jubilee emoji!

PJ will appear whenever you use #PlatinumJubilee #HM70 #PlatinumPartyatthePalace ⁰#PlatinumJubileePageant ⁰or #TheBigJubileeLunch and we’re hoping that as many of you as possible will use PJ to help celebrate the Jubilee here on Twitter. pic.twitter.com/UyNVwCN9n9

— The Royal Family (@RoyalFamily) May 26, 2022

Corgis are due to appear as part of the finale in the Jubilee Pageant, which will see a pack of mischievous puppet dogs cause chaos on The Mall.

The Queen is not the only royal to own dogs – in fact, most of …read more

Source:: Metro News

Boris Johnson removes instruction to ministers to ‘uphold the very highest standards of propriety’ in new Ministerial Code foreword

UK Prime Minister Boris Johnson.

Boris Johnson issued a new foreword to an updated version of the Ministerial Code.
In August 2019, Johnson wrote that to “win back the trust of the British people,” the highest standards must be upheld.
His latest foreword has no equivalent, merely saying the Code guides ministers “how they should act and arrange their affairs.”

Prime Minister Boris Johnson has removed an instruction to ministers in his foreword to the Ministerial Code, the handbook of rules for how ministers should behave, to “uphold the very highest standards of propriety.”

The updated foreword came alongside a minimally changed edition of the Code, the first update since the first edition released under Johnson’s premiership in August 2019.

In Johnson’s first foreword, he stressed how ministers must “win back the trust of the British people.”

“We must uphold the very highest standards of propriety — and this code sets out how we must do so. There must be no bullying and no harassment; no leaking; no breach of collective responsibility. No misuse of taxpayer money and no actual or perceived conflicts of interest,” it said.

“The precious principles of public life enshrined in this document — integrity, objectivity, accountability, transparency, honesty and leadership in the public interest — must be honoured at all times; as must the political impartiality of our much admired civil service.”

Since August 2019, Johnson has had:

One independent advisor resign over a failure to take action against Home Secretary Priti Patel when she was found to have bullied a senior civil servant.
A string of leaks and subsequently announced leak inquiries.
MPs alleging the government of being “complacent” about COVID-19 loan fraud.
A number of allegations of conflicts of interest for senior members of his government, such as meetings between housing minister Robert Jenrick and the developer and Conservative donor Richard Desmond, …read more

Source:: Businessinsider

Stellar Nestor Cortes too much for Rays as Yankees roll, 7-2

ST. PETERSBURG — Aaron Judge isn’t buying Nestor Cortes’ comments. After the left-hander went out and dealt another gem as the Yankees beat the Rays 7-2 at Tropicana Field on Thursday night, Cortes said he didn’t believe he was one of the best pitchers in the big leagues right now.

Judge laughed.

“I definitely disagree. But he can think whatever he wants. He’s gonna keep doing what he’s doing. He can think whatever he wants and just keep going out there and performing every five days,” the Yankees slugger said of Cortes. “It’s special. It’s fun to watch. Like I said on the field, he competes. He goes out there not afraid of anybody in the lineup and when you got it like that, it’s fun to play ball.”

And it’s fun for the Yankees (32-13) right now, who maintained the best record in baseball despite going through a rough patch with injuries. They increased their early-season lead in the American League East to 5.5 games over the Rays (26-18).

How nasty was Nestor Thursday night? He was tough to watch from the other dugout, too. Rays manager Kevin Cash agrees with Judge.

“Very, very tough,” Cash said. “He came in as one of the better pitchers in baseball so far and we certainly saw why. We faced him last year and he was good. Looks like he’s kind of elevated his game a little bit here as of late. A lot of deception. The fastball kind of jumps in on you, the cutter plays off that. So he threw a good ballgame, really good ball game.”

Cortes picked up just his fourth win of the season and was charged with one run on four hits over eight innings. He struck out five and walked one. He held the Rays scoreless through eight innings and came …read more

Source:: The Denver Post

Charges filed in fatal attempted carjacking in Belmont Central in March

Sun-Times files

Murder charges have been filed in an attempted carjacking that turned fatal in the Belmont Central neighborhood in late March.

Jeffrey Montes De Oca, 31, was arrested Wednesday by the Great Lakes Regional Fugitive Task Force in Orland Park, according to police.

Montes is accused of trying to steal a car in the 3100 block of North Mango Avenue on March 25, walking up and ordering people out and opening fire, police said.

A passenger, Miguel Marchan, was hit in the right shoulder and was pronounced dead at Community First Hospital, police said.

Witnesses told officers the gunman ran south after the shooting.

Montes De Oca was due in bond court Friday.

…read more

Source:: Chicago Sun Times

Texas Gov. Abbott won’t attend the upcoming NRA convention in Houston in person — but he’s still giving a pre-recorded speech

Texas Gov. Greg Abbott speaks at a news conference in Austin, Texas on June 8, 2021.

Texas Gov. Greg Abbott will no longer be attending the NRA Convention in Houston in person. 
He will be giving a press conference at Uvalde High School instead, but will be giving a pre-recorded speech at the convention. 
His virtual appearance comes just days after a gunman opened fire on a fourth grade classroom in Uvalde. 

Texas Gov. Greg Abbott is no longer attending Friday’s NRA convention in Houston in person, but he is still giving a pre-recorded speech at the event, a spokesperson for the governor told the Dallas Morning News.

His virtual appearance at the event comes just days after an 18-year-old gunman opened fire in a Uvalde, Texas, elementary school, killing 19 students and two teachers. 

In place of his in-person appearance at the convention, Abbott will hold a press conference at 3:30 p.m. local time at Uvalde High School, The Hill reported, citing a press release from the governor’s office. 

Meanwhile, Abbott is still listed as a featured speaker on the NRA convention website. 

Texas Sen. Ted Cruz will also be speaking at the event, as will former President Donald Trump. 

At a press conference Wednesday, Abbott said the elementary school shooting in Uvalde “could have been worse” and praised officers on the scene for their hard work.

But Texas police are facing backlash for what many are calling a delayed police response to the massacre. Authorities said Thursday that the gunman was barricaded inside a classroom, shooting at students, for at least 40 minutes before authorities neutralized him. 

Democratic Texas governor candidate Beto O’Rourke, who got into a confrontation with Abbott at an earlier press conference about Uvalde, called on the governor to withdraw from the NRA convention. 

“If you have any decency, …read more

Source:: Businessinsider

US stocks rise on signs of cooling inflation as investors hope to snap 8-week losing streak

US stocks pushed higher Friday and were on course to break a run of weekly losses. 
The Fed’s preferred PCE inflation gauge moderated to 4.9% in April. 
The Dow industrials were headed toward their first weekly win after eight weeks of declines. 

US stocks rose Friday and headed toward their first weekly advance since March after government data showed signs that inflation moderated last month.  

The Dow Jones Industrial Average was on course for its first weekly win after eight weeks of declines, and the S&P 500 was looking at snapping a seven-week losing streak. Equities found support from the Commerce Department’s Personal Consumption Expenditures Index. The Fed’s preferred inflation gauge showed core PCE rose to 4.9% in April compared with the 5.2% print in March.

Here’s where US indexes stood at 9:30 a.m. on Friday:  

S&P 500: 4,088.12, up 0.75% 

Dow Jones Industrial Average: 32,687.21, up 0.15% (50.02 points)

Nasdaq Composite: 11,901.54, up 1.37% 

“Declines in prices for used cars and apparel, and slower increases across a range of services ex-housing – likely thanks to the moderation in wage growth in recent month – have eased the pressure on inflation, at the margin,” said  Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note. “We expect a further slowing through the second half, but the pace of the decline is heavily contingent on the speed and extent of the compression in retail and wholesale margins, on the back of the inventory rebuild.”

The Dow industrials and the S&P 500 were on pace for weekly gains of around 4% and the Nasdaq Composite looked poised for a roughly 3% gain. Gains this week were fueled in part by minutes from the Federal Open Market Committee’s March meeting minutes which said policy makers agreed they should “expeditiously move the stance of monetary policy toward a …read more

Source:: Businessinsider

Nifty nameplates are coming to bridges along 405 Freeway

Q. On the 405 Freeway in Fountain Valley, I see there’s a new type of sign showing that Slater Avenue is the street you are driving beneath. Why are the names not on all of the other bridges? They all have insets for where the signs are to go. I think the signs will be quite nice when the 405 project is completed and will set a new standard for bridges.

— Dave Dobrin, Fountain Valley

A. Honk agrees, Dave – the Slater one is real spiffy. Much better than just stenciled names on bridge columns, which Caltrans crews use to ID the bridges from down on the freeway.

Dave’s co-pilot, a daughter, was kind enough to snap a photo for us. It shows “SLATER” in caps on a tan background with three artistic dots on each side.

Honk is weird, in a good way. When driving, he likes to ponder things along the roadside and will enjoy these signs, thinking about the streets and what they hold.

For the ongoing widening and improvement project, 18 bridges will have been rebuilt. About half are open to traffic again, with the rest under construction.

Each bridge will get such a sign, said Megan Abba, a spokeswoman for the Orange County Transportation Authority, which is overseeing the 405 project.

The sign is among the last chores for each bridge.

“Construction crews are (first) focused on completing major work that will improve drivers’ commutes, like opening bridges to traffic,” she said in an email. “Once those main priorities are addressed, they shift their focus (to) smaller details, like installing the name plates.

“The Slater Avenue bridge was the first bridge to open to traffic and then get those finishing touches.”

Honk is a rather curious fellow, so he asked why these signs are being added.

“In addition to looking nice, the nameplates provide a …read more

Source:: Los Angeles Daily News