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Death of Angela Chao, sister-in-law of Mitch McConnell, under ‘criminal investigation’: reports
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The death of Angela Chao, CEO of New York-based dry bulk shipping company Foremost Group, sister of former U.S. Transportation Secretary Elaine Chao, and sister-in-law to Senate Minority Leader Mitch McConnell, following a car crash in Texas is being investigated as a crime, reports say.
Chao, 50, “was found dead in her sinking vehicle in a pond on a ranch in Johnson City, near Austin, on Feb. 11,” according to the New York Post. The ranch is owned by a corporation connected to Chao’s husband, Jim Breyer, the Post states.
A Blanco County Sheriff’s Office statement to the Austin American-Statesman Thursday said emergency medical services personnel attempted to save her, but that Chao “succumbed from being under the water.”
Several media reports say a letter to Texas Attorney General Ken Paxton from BCSO details the crash “was not a typical accident.”
FOREMOST GROUP CEO ANGELA CHAO, SISTER-IN-LAW OF SENATE MINORITY LEADER MITCH MCCONNELL, DEAD AT 50
Angela Chao and husband Jim Breyer attend the AFI Awards Luncheon at Four Seasons Hotel Los Angeles at Beverly Hills on Jan. 12, 2024, in Los Angeles, California. (Frazer Harrison/Getty Images / Getty Images)
Chao was chair and CEO of Foremost Group, a company founded by her parents in 1964 in New York. She worked her way up to leading the company in 2018, previously serving as vice president, concentrating on ship operations and ship management, and later promoted to senior vice president with additional responsibilities, according to Foremost Group’s website.
Chao earned her bachelor’s degree in economics from Harvard College, graduating magna cum laud in just three years. She attended Harvard Business School, where she wrote a case study on “Ocean Carriers” that became part of the required curriculum for first-year HBS students, according to industry news website MarineLink.
‘SPEED RACER’ ACTOR’S $1M ESTATE TIED UP IN COURT AFTER HE DIED IN PLANE CRASH WITHOUT A WILL: DOCS
Photo of the Chao family taken at a press conference announcing a $40 million gift to Harvard University and Harvard Business School. From left to right in the back row is Angela Chao, Christine Chao, May Chao and Grace Chao. (Suzanne Kreiter/The Boston Globe via Getty Images / Getty Images)
In June 2016, Chao was appointed Chair of the U.S. Risk and Management Committee of Bank of China U.S.A.
Chao had a distinguished career with many honors, including board membership on the American Bureau of Shipping Council and the Massachusetts Maritime Academy’s International Maritime Business Department Advisory Board.
Foremost Group CEO and shipping industry titan, Angela Chao, has died in a car accident, the company said. She was 50. (Chao family / Fox News)
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“She will be greatly missed and leaves a legacy of pioneering leadership — especially for women — in shipping, philanthropy and the arts,” Foremost Group said in a statement.
Fox Business reached out to BCSO for comment regarding the investigation.
Fox Business’ Chris Pandolfo contributed to this report.
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As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
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