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The pandemic has not deterred people from spending money during the holidays this year.According to Mastercard SpendingPluse, holiday retail sales were about 3% higher in 2020 than they were a year ago.“American consumers turned the holiday season on its head, redefining ‘home for the holidays’ in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated said in a press release. “And, consumers shopped earlier than ever before. Across our expanded 75-day holiday shopping season, sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”Mastercard said that between Oct. 11 and Dec. 24, online spending was up 49%, with sales on furniture and home improvement items also seeing an increase.Online furniture sales grew 31% compared to last year, and home improvement items were up 79%, Mastercard said.Sales for department stores and clothing brands were down this year, with apparel declining 19% and overall sales at department stores fell 10%. 1137

The ongoing feud between the National Rifle Association and the medical community continues in wake of a shooting at a Chicago hospital Monday.A recent article published earlier this month by physicians called gun violence a public health crisis and called for tougher gun laws. In response, the NRA tweeted that doctors should “stay in their lane.”The NRA’s response received backlash, with doctors across the U.S. and abroad expressing their disdain using the hashtag #ThisisMyLane, often with graphic images giving a glimpse into emergency rooms after treating victims of gun violence.Monday, gun violence became personal for doctors and nurses at Mercy Hospital in Chicago after a shooter entered, killing an ER doctor, a pharmacy resident and a Chicago Police Officer.Now, another group of doctors are pushing back against the NRA. In an editorial published by the Annals of Internal Medicine, doctors say they won’t be silenced in using what they learn to better care for their patients.“The NRA does not believe firearm-related injury and its prevention is within the purview of physicians. We could not disagree more,” read the editorial in part.The NRA has accused doctors of pushing a gun control agenda. 1222

The gunman who killed 26 people at a Texas church had sent threatening texts to his mother-in-law -- who attended the church he targeted, authorities said Monday.Devin Patrick Kelley had domestic problems and texted his mother-in-law as recently as Sunday morning, not long before he carried out the largest mass shooting in Texas history."We know that he expressed anger towards his mother-in-law, who attends this church," said Freeman Martin of Texas' Department of Public Safety. 491

The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like Bitcoin and is a digital representation of value that functions as a medium of exchange, according to the IRS.The question asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only options to answer are yes or no.The question is similar to one that was added to the form for 2019 tax filings. At the time the question was on a section used to report certain additional income or adjustments, called Schedule 1. However, not a lot of people file Schedule 1 forms with their return. In 2014, the IRS issued a notice that virtual currency should be treated as property for tax purposes. Tax experts say the move, putting the question on the main form, may signal that the IRS is serious about going after virtual currency investors who under-report their holdings.“In my view, the IRS is treating omitted virtual currency transactions in the same manner it pursues foreign bank accounts of U.S. taxpayers,” Lewis Taub, a certified public accountant and director of tax services at Berkowitz Pollack Brant Advisors + CPAs told Yahoo Finance. “By asking the question on the top of the first page of the return, the IRS is making it clear that any income from gains or losses from virtual currency must be reported on the return.”The question will appear at the top of the 1040 form, right below a person’s name and address.The IRS has increased their investigations into cryptocurrency investments, getting digital currency exchanges to release information about investors activity.Among recent high-profile cases was software mogul John McAfee, who was accused of tax evasion using cryptocurrency in October, according to FOX News. 1922

The mother whose 1-year-old son was forcefully yanked away by New York Police Department officers last week had her charges dropped and was ordered released on her own recognizance, defense attorneys said.Jazmine Headley, 23, had been arrested Friday at a Brooklyn social services office and faced four charges, including resisting arrest and acting in a manner injurious to a child. Brooklyn District Attorney Eric Gonzalez moved to dismiss the charges on Tuesday."Like everyone who watched the arrest of Jazmine Headley, I was horrified by the violence depicted in the video and immediately opened an investigation into this case," Gonzalez said, adding that the incident should have been handled differently."Continuing to pursue this case will not serve any purpose and I therefore moved today to dismiss it immediately in the interest of justice," he said.Disturbing video of the arrest, in which Headley's son is ripped away by arresting NYPD officers, has sparked sharp criticism from city officials and unfavorable comparisons to Border Patrol actions during the Trump Administration's family separation policy at the US-Mexico border.Headley has been in jail in Riker's Island since Friday, held on an outstanding arrest warrant from July 2017 for failure to appear in connection with credit card fraud, said the sheriff's office in Mercer County, New Jersey.A judge on Tuesday afternoon ordered her release, according to Lisa Schreibersdorf, the executive director of Brooklyn Defender Services who is representing Headley."We ask that her privacy is respected at this time, as she has been through a traumatizing ordeal and has not seen her family in five days," Schreibersdorf said.The decision comes a day after the NYPD said the incident was "troubling" and that they would be reviewing the incident. No NYPD officers have had a duty status change since the incident, an NYPD spokesperson said. Two Human Resources Administration officers involved in the incident are on leave and will be placed on modified duty when they return to work pending an investigation.The Patrolmen's Benevolent Association, the union representing NYPD officers, said the officers were put in an impossible situation."The event would have unfolded much differently if those at the scene had simply complied with the officers' lawful orders," PBA President Patrick J. Lynch said. "The immediate rush to condemn these officers leaves their fellow cops wondering: when confronted with a similar impossible scenario, what do you want us to do? The answer cannot be 'do nothing.'" 2605

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