Americans are so nervous about the state of the economy that they are stashing cash in the bank at a rate not seen since the first year of Ronald Reagan’s presidency. The United States government’s Bureau of Economic Analysis reported Thursday morning that the savings rate surged to 13.1% in March — up from 8%
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Americans are so nervous about the state of the economy that they are stashing cash in the bank at a rate not seen since the first year of Ronald Reagan’s presidency. The United States government’s Bureau of Economic Analysis reported Thursday morning that the savings rate surged to 13.1% in March — up from 8%
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Despite the wealth of knowledge regarding the transatlantic slave trade, the history of enslaved Africans forcibly brought to Latin America has yet to be fully explored. In a study published Thursday in the journal Current Biology, scientists tell the stories of three 16th-century enslaved Africans identified from a mass burial site in Mexico City, according
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A 72-year-old rower has finished a solo trans-Atlantic crossing he started at the end of January — well before the coronavirus outbreak had spread around the globe. Graham Walters set off from the Spanish island of Gran Canaria on January 25 and arrived in Antigua on Wednesday, a journey that took 96 days. Walters now
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Let’s start with some bad news. And we won’t sugarcoat it. This is the worst economy ever. That’s according to Federal Reserve Chairman Jerome Powell, who previewed some truly awful economic data headed our way when he spoke to reporters Wednesday. “We are going to see economic data for the second quarter that is worse
Continue Reading More people are spending more time at home, so it’s only right we give you more options for what to watch. Click through the gallery above to see some of what Netflix, Amazon Prime, Hulu, Apple TV +, Disney +, HBO Now, Showtime, Starz, Acorn TV and new kid on the block, HBO Max, are
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Black communities in the United States not only represent a disproportionate share of casualties from coronavirus, but they have also been deeply affected by the economic impact of the disease. Longstanding racial discrimination in economic and housing policy has increased their risk for exposure to the virus, as well as the resulting financial crisis. The
Continue Reading Jada Pinkett Smith has been married to Will Smith for 23 years, but after being quarantined with him, she’s realized she doesn’t know him at all. She spilled what life at home is like during the coronavirus pandemic on her “Red Table Talk” show, telling her daughter, Willow, and mother, Adrienne Banfield Norris, that life
Continue Reading “Hollywood” has its heart in the right place, and if you have a love for movies’ Golden Age, there’s a whole lot of meticulously shot nostalgia to savor. Still, rewriting history is always a thorny proposition, and producer Ryan Murphy’s latest Netflix limited series doesn’t earn unqualified hoorays. Although the story is set in the
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WASHINGTON, DC — Millions more Americans filed for unemployment benefits last week, as the coronavirus crisis continued to weigh on the US economy. First-time claims for unemployment benefits totaled 3.8 million in the week ending April 25, after factoring in seasonal adjustments, the U.S. Department of Labor said on Thursday. Without those adjustments — which
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House Speaker Nancy Pelosi reiterated Thursday she’s “satisfied” with how Joe Biden has responded to a sexual assault allegation from a former Senate staffer despite mounting calls for the presumptive Democratic presidential nominee to more directly address the issue. Pelosi told MSNBC two weeks ago that she was “satisfied” with Biden’s response to Tara Reade’s
Continue Reading Governments around the world have used laws, fines and advertising campaigns to encourage social distancing in the age of coronavirus. But the Swedish city of Lund is taking a unique approach to the problem. Lund Council has ordered workers to dump 1,000 kilograms (2,204 pounds) of chicken manure across its main city park to deter
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A briefing, it turns out, doesn’t always require a briefing room. After a pained and somewhat public debate over discontinuing the daily White House coronavirus briefings, President Donald Trump this week has attempted to bridge the gap between the wishes of his advisers and his own inclinations by moving the event elsewhere. Instead of the
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Europe’s economy suffered its deepest contraction on record in the first quarter and worse is to come as the region crashes into a recession triggered by the introduction of measures to contain the coronavirus. Preliminary data published on Thursday showed that EU GDP shrank by 3.5% in the first quarter of 2020 versus the final
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The ABC-7 First Alert remains in effect for the heat. Temperatures will be noticeably warmer Thursday and the winds won’t be as strong this afternoon. High clouds will be on the increase but that won’t stop us from seeing temperatures reach the low 90s. On Friday the temperatures will soar, climbing to 100 degrees, if
Continue Reading The cast of “Parks and Recreation” had a hunger to help feed those in need. That’s pretty much how Thursday’s “A Parks and Recreation Special” came to be, according to executive producer Michael Schur. “It sort of made me want to cry a little bit,” he said this week, recounting for members of the press
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As he huddled with advisers on Friday evening, President Donald Trump was still fuming over his sliding poll numbers and the onslaught of criticism he was facing for suggesting a day earlier that ingesting disinfectant might prove effective against coronavirus. Within moments, the President was shouting — not at the aides in the room, but
Continue Reading College campuses in at least four states are expected to reopen for students and faculty in the fall — after dozens of universities across the US were forced to shutter their classrooms through the end of the semester. Amid an unfolding pandemic, many institutions have said their summer classes will also be online or canceled
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When health officials sounded the alarm on the state of the country’s personal protective equipment stockpile, officials at the Santa Barbara County Sheriff’s Department were concerned. It was mid-March, and coronavirus cases were already surging across the country, including in California. The department knew the best solution was to find an alternative way to source
Continue Reading What do you get when you combine two superstar Houston natives who are currently at the top of their music genres? You get a fire remix, the proceeds of which will go to Covid-19 relief for their hometown. Beyoncé has hopped on a remix of rapper Megan Thee Stallion’s viral hit “Savage.” The original song
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It’s fine for Jared Kushner to mock the “eternal lockdown crowd” worried about state reopenings — he doesn’t have to clock in at a meat factory, drive a bus or work in an emergency room. The President’s son-in-law and senior adviser, complaining behind-the-scenes that he’s not getting credit for the “great success story” of the
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The biggest tech companies in the world are shining during an otherwise harrowing earnings season, as cloud businesses get a boost from the spike in working from home and revenue stays resilient. The latest: Facebook shares have shot up 9% in premarket trading after the company posted $17.7 billion in revenue for the first three
Continue Reading A local official in southern Spain has apologized after spraying beaches with bleach, which caused outrage among environmentalists. Tractors sprayed the sandy shoreline at Zahara de los Atunes, Andalusia, with bleach earlier this month in an apparent attempt to clean it of coronavirus, but the move drew sharp criticism. “If only they could understand the
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EL PASO, Texas — More than 300 people have recovered from Covid-19 in El Paso County as of Thursday morning. Health leaders in the area are urging those people to help others infected with the virus by donating plasma. Las Palmas Del Sol Healthcare is part of a nationwide study to determine if plasma from
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Mothers and fathers across America can relate to the struggles of parenting children who are home full-time right now. Not every parent, however, is juggling being a single mom of an almost 2-year-old toddler with running a major city, like Washington, DC, Mayor Muriel Bowser. And because it’s DC, she doesn’t have the same resources
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Tennis fans eagerly awaiting their next fix won’t have to wait very long, with the first tournament in the coronavirus era set to begin in Germany on Friday. Last week, German Chancellor Angela Merkel announced a new set of steps the country would follow as it begins easing lockdown restrictions. Merkel was meeting with the
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Tennis fans eagerly awaiting their next fix won’t have to wait very long, with the first tournament in the coronavirus era set to begin in Germany on Friday. Last week, German Chancellor Angela Merkel announced a new set of steps the country would follow as it begins easing lockdown restrictions. Merkel was meeting with the
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Quarantine life is challenging, to say the least, and all of us are struggling mentally, emotionally and physically. And no one would blame you for being tempted to abandon your diet and exercise plan and reach for the tub of ice cream while binge-watching that tiger show that everyone is talking about. But health experts
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