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While kids are on summer break, districts across the country are working to determine whether or not to reopen schools, and how to do it safely.School leaders are racing the clock to figure out what the next school year will look like.“We’ve been looking at how can we provide a high quality education in this environment,” said Lisa Yates, Superintendent at Buena Vista School District.For Yates, that decision is simple.“We’re hearing that from families, we’re hearing that from students, we want to be back in school,” she said.At Buena Vista Middle and High School in the Colorado mountains, summer school is in session at their brand new, still under construction, building. Students and teachers are piloting a new platform that leaders hope will help come fall.The platform was installed in early June and created by tech company Wolk. It works like this -- first, gateways are installed in classroom ceilings.“The system is called Open,” said Rene Otto, Solutions Architect for Wolk.com.Next, students and teachers put on a wearable device at the beginning of the school day. “They’re given these safety cards or wristbands, so what these do is they act as beacons,” she explained.The devices currently use Bluetooth to communicate. Using the gateways, the software shows when a beacon comes within a certain amount of space of another beacon, for how long, and if the beacon moves rooms.“The point of it was to help people understand where they are in a physical space, so we can figure out if safe social distancing is being practiced,” Otto said.The school district’s technology coordinator, Matt Brooker, helped install the system. “If we did have an incident where a kid is positive, could we do contact tracing with this?” he said.For students, the idea seems simple enough.“It’s going to record where you walk and how close you get to other people,” 6th grade Aidan explained. “It’s like wearing a little necklace. It doesn’t really bother me that much.” Others weren’t as convinced. “Personally, I don’t know if a lot of people are going to want to wear them,” 10th grader Taylor said.With every tracking device comes concerns over data and privacy.“It took me a little bit,” said Reba Jackson, a teacher at the school. “I’m a little paranoid about tracking things.”“I went from feeling like it might be a little bit invasive,” teacher Robin Fritsch, explained. “It’s not a big deal. If it gives us valuable data, I’m in.”Otto said not to worry.“We really want to make sure privacy is protected. So the way it works is, only the administrators of the schools have access to the identifying information,” she explained. In other words, each tracker has a number as the identifying name. Only school admin members are able to match that number with a student. “I don’t think any parents or people want to be tracked by a technology company generally. But if that information can help make people safer, I think it’s valuable.”Otto said for the system to work fully, they need at least 60% of students and teachers using it. This helps find hot spots that potentially need more cleaning or more attention to create a better socially distanced space.“I think it’s going to be a valuable tool,” Fritsch said.As students come back, the hope is that the system will help identify who has come into contact with someone who tested positive for COVID-19, and stop the spread there. This could mean the difference between sending 10 kids home and sending the entire school home in the event of a positive case.“Typically rural communities, as far as economic development, don’t have the resources the major metropolitan areas might have,” said Wendell Pryor, Director of Chaffee County Economic Development Corporation. “So any tool like this that aids in the threat of an outbreak and the way it might spread, I think is going to be a bonus to everybody involved.”“In person is where we want to be, so we’re putting our resources there,” Superintendent Yates said. 3979

When experts look at the economy and its rebound, they go through an alphabet soup of letters, with a “V” shape recovery being the best-case scenario. It’s a fast decline with a fast recovery. Letters like “W” or “L” mean a much slower and painful path forward.A resurgence of more COVID-19 cases is shifting the likely shape of our economic recovery, and having economists evaluate the likelihood of a recovery in the shape of the more dreaded letters.“The fact that the virus has increased in a number of states shows that it is still very much a threat not only to one’s health but the economy,” said Michelle Meyer, who heads U.S. Economics at Bank of America. “The initial stage of the recovery was quite robust. It felt quite ‘V’ like, the economy was digging its way out of what was a very deep hole.”According to Bank of America, about a third of the jobs lost during the pandemic have been recovered. However, the recovery has slowed down into more of a “U” shape, and now data is showing a stall with concern of a higher chance of a “W” or “L” shape recovery.“The ‘W’ trajectory would be the worst-case scenario. That would show real fragility on the economy if we dipped back into a recession,” added Meyer.Experts say it would lead even higher unemployment, and more permanent job loss and business closures. In addition, to come out of a “W” or “L” shape recovery, we would need even more stimulus money from the federal government, which may not even improve the economic downturn as much as it did the first time.“Stimulus in Washington provides a really nice band-aid and I think it helped tremendously in the first stage of this recovery but at the end of the day, we need the economy to fundamentally improve,” said Meyer.The good news is unless there is a significant or full shutdown again, a “W” shape recovery is still less likely to occur than a “U” shape.“Our analysis projects that a 'U' shape recovery with rather steep losses and growth this year and rather flat next year and then recovering subsequently is the most likely outcome,” said David Turkington, the Senior Vice President at State Street Associates.A recent State Street study based on 100 years of historical data shows that the U.S. still has 30.1% chance of a “U” recovery, and a combined 24.4% chance of a “W” or “L” shape recovery which include stagflation and depression outcomes.“The real economy I think is what determines the recovery and how that plays forward,” said Turkington.The real economy is jobs, businesses and consumer spending. Providing stability there could determine which way the economy goes. 2615

What once was considered a childhood hobby has becoming a way to earn extra income as an adult.The business of trading, buying and selling sports cards is booming.“Cards that used to be worth to are now selling well upwards of 0,” said Mike Fruitman, owner of Mike’s Stadium Sportscards in Aurora, Colorado.He says sports cards are more popular than ever and compares buying the card of an athlete to buying stock in a company.“We had a card that got pulled last night, it featured autographs from R.J. Barrett and Zion Williamson and we anticipate it’s going to be a ,000 card,” Fruitman said.While many businesses are suffering during the pandemic, Fruitman says this industry is seeing some of its biggest sales since the pandemic began, especially once they moved online.“We had a lot of people who were bored who were looking for entertainment,” he said. “We were going online every day during COVID and our viewership was impressive. We were getting views that we never seen before.”Though buying sports cards in person is still profitable, Fruitman says fewer cards are becoming available.“The amount of people who are opening up card stores or becoming breakers, it’s all just taffy,” he said. “And that taffy is just getting slowly apart. Everybody getting less and less it seems.”Card collectors believe the future of this industry depends on part of the popularity.“Right now, you’ve got videos of Mark Wahlberg opening up boxes with his kids,” Fruitman said. “Steve Aoki is a very large, popular DJ, has opened up his own sports card trading store in L.A.”For now, sports cards are combining entertainment and economics with no signs of slowing down.“It depends on how much you can invest,” one collector said. “But yeah, there’s plenty of money to be made.” 1791

When the COVID-19 pandemic first prompted shelter-in-place restrictions, daycares across the country quickly saw families withdraw their children from their centers. Many lost valuable tuition dollars that keeps their doors open."We've done the best we can in staying open and supporting our community. We are a locally private-owned school so our enrollment really depends on the survival of the school and we’re struggling. I mean, as probably all childcare centers are, we’re struggling with enrollment, we’re struggling with our numbers," says Debbie Bradford, the director of education at Milton Montessori in Georgia.Bradford says the last few months have been very challenging as many families are worried about the coronavirus."The (coronavirus) numbers are on the rise so it’s definitely affecting the end of our school year, our summer and as we look to relaunch in August, we still see light enrollment," says Bradford.The school, which has two locations, has been able to stay open due to a number of parents who are essential workers. Bradford says, "These are front-line families. Some of them are workers on the front line and some of them are workers at home but need the income to make ends meet for our families."Primrose Schools has more than 400 locations across the country, providing infant daycare through private kindergarten. Primrose says the pandemic has dropped enrollment numbers at their facilities significantly."What we are seeing across the country is a very unsettling situation, where a lot of the family home cares that used to be accessible to families are closing. And the childcare centers, those individually owned and operated childcare centers, because of the shelter in place situation, many of them haven't been able to survive them," says Jo Kirchner, the CEO of Primrose Schools.Kirchner has been meeting regularly with other national daycare facilities and says many are concerned about the future of the childcare industry."It is a potential crisis that is going to escalate significantly in the next eight to 10 weeks as the districts decide what they're going to do," says Kirchner.One glimmer of hope is the boost of private kindergarten enrollment, which some parents have deemed a safer alternative than their local public school. Many hope private kindergarten enrollment can be kind of a saving grace for some private childcare centers."It will be somewhat of a saving grace in terms of bringing in base revenue to cover their fixed costs while we get through this pandemic and the families with the younger children will begin to come back,” Kirchner said.For Milton Montessori, the owners are hopeful they will be able to ride out this pandemic."We hope that at some point, families get comfortable with the new requirements for cleaning and for health and safety. And as things return to a normal, it's going to be a new normal," says Bradford.Bradford says they're hoping families start feeling safe enough to enroll their children and continue to support locally-owned childcare centers. 3055

With many charities in need amid the coronavirus pandemic, Congress approved a program that allows Americans to write off up to 0 in charitable donations without filing an itemized return.The program, which was part of the CARES Act approved by Congress in the spring, is intended for those who take a standardized deduction. According to the IRS, 87% of tax filers take a standardized deduction.The IRS encourages tax payers to go to the “Tax Exempt Organization Search” in order to ensure the donation is eligible for a tax deduction. The IRS also reminds Americans to keep records of donations, such as obtaining a receipt of the contribution.“Our nation’s charities are struggling to help those suffering from COVID-19, and many deserving organizations can use all the help they can get,” said IRS Commissioner Chuck Rettig. “The IRS reminds people there’s a new provision that allows for up to 0 in cash donations to qualifying organizations to be deducted from income. We encourage people to explore this option to help deserving tax-exempt organizations – and the people and causes they serve.”More info can be found here. 1143