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Americans are trying to form better financial habits in light of the recession, building emergency savings and paying down debt.However, many are finding savings accounts are now returning next to nothing in interest. That's because of the Federal Reserve's decision to keep interest rates low.Rates that were over 2.5% a year ago are down to under 1% now. But there are some other accounts that can get you a better return.“Something known as a rewards checking account might be a better option,” said Greg McBride, Chief Financial Analyst at Bankrate.com. “These are accounts that typically pay higher yields, higher than even online savings accounts, you might find 1.5, 2, 2.5%, but you have to meet certain qualifications each month to earn that deal.”Rewards checking accounts typically are offered by smaller community banks and credit unions. They usually come with monthly requirements though, like direct deposit, online bill pay, enrolling in e-statements, and using your debit card a certain amount of times. But those are things many people already use.In terms of saving versus paying down debt now, experts say to save.“That's really critical. No one knows what’s going to happen down the road in terms of jobs or income, so having some money put away will help you sleep at night,” said McBride.Just to give you an idea, you could make by saving around ,000 a year at 3% interest rate, which a rewards account might pay.That’s compared to just 60 cents in an average savings account, which only has about a .06% interest rate. 1556
As COVID-19 first started to spread in the U.S., hospitals around the country were forced to stop elective surgeries. Now, hospital officials say they're facing perhaps the biggest financial crisis in their history."We've had to curtail regular operations, some of which involve these non-emergent procedures that you mention, and as a result from March to June, we saw a loss of revenue of 0 billion or billion a month," said American Hospital Association President Rick Pollack.Hospitals have also taken on major expenses when it comes to preparing and caring for COVID-19 patients. Plus, many patients they treat don't have insurance.Pollack says hospitals collectively are one of the largest employers in the country, employing more than 5 million people."Half of hospitals' budgets, over half, is devoted to labor costs. So, of course, when all regular operations are shut down and you’re incurring additional expenses to prepare for treating the virus for the community, you have to find ways to cut costs," explained Pollack.Some hospitals have resorted to laying off or furloughing staff."So, it's the last choice,” Pollack said. “It's a bad choice and we try to avoid it, but sometimes, it's inevitable to just stay afloat.”"Whether the disruptions in the health industry remain temporary or permanent is an interesting case because it affects everyone," said Jack Strauss, the Miller Chair of Applied Economics at the University of Denver.Strauss is concerned about how the healthcare industry will recover from the COVID-19 pandemic, especially amid a possible second wave of infections."They make their money on elective surgery and those were not occurring, and so, they're not probably positioned to recover," said Strauss.While a number of states are allowing elective procedures again, the wait time for these patients may be detrimental."Whether it's the detection for a tumor or a scan of a part of a body for a diagnostic procedure, a replacement of a heart valve. So, when you talk about electives, they're really not all that discretionary and we’re really concerned in the period that we shut down all non-emergent procedures that there was a deferral of care,” said Pollack. “We do hear, anecdotally, that the people that are coming back are in a much sicker position because they didn’t get the care that they needed.”Pollack says in order for the healthcare industry to recover, they're going to need a lot of help from the federal government."There's no question, if we don't get the additional assistance it will put the financial viability of a lot of hospitals at risk, particularly in rural areas and vulnerable urban areas," said Pollack.As possibly the biggest industry in the country that's been on the front lines of treating COVID-19, hospitals hope they're one of the first to get major federal help so that the healthcare industry can survive this pandemic. 2909

An incident that began as an argument over masks led to an officer-involved shooting near Lansing, Michigan on Tuesday.A 43-year-old man from Grand Ledge was shot and killed by a police officer after a fight at a Quality Dairy store in Dimondale.Authorities say a 77-year-old man from Lansing who was wearing a mask and the 43-year-old man who wasn't wearing a mask got into an altercation.The unmasked man reportedly stabbed the masked man and fled the area. A deputy later spotted the vehicle and pulled him over.Once the man pulled over his car, police say he approached the deputy with two knives and a screwdriver.Authorities say the assailant continued to approach the deputy as she backed up, and she fired her weapon, fatally shooting the assailant.The deputy was not physically harmed and is on administrative leave.The case has been turned over to Michigan State Police.The 77-year-old man who was stabbed is reportedly stable.This story was originally published by WXYZ in Detroit. 1000
Amid a resurgence of coronavirus cases nationally, the CDC said it expects to see coronavirus-related deaths increase in 11 states through July 24.The states on the CDC’s radar are Arizona, Arkansas, Florida, Idaho, Nevada, Oklahoma, Oregon, South Carolina, Texas, Utah, and Wyoming. The CDC said these 11 states will likely exceed the number reported over the last four weeks.The rest of the country should see either the same or fewer deaths related to the coronavirus over the next four weeks.The CDC projects that 11,000 to 31,000 Americans will die from the coronavirus between now and July 24. 607
An Idaho junior high school teacher is under investigation after he fed a puppy to a snapping turtle in front of students.Robert Crosland has taught science at Preston Junior High School for years. In a news release, Preston School District 201 Superintendent Marc Gee says his administration became aware of “a regrettable circumstance involving some of the biological specimens” on March 7.“The event occurred well after students had been dismissed and was not a part of any school-directed program,” Gee said in a news release. “We emphasize that at no time was the safety of students or staff compromised.”It’s unclear if the dog was alive or dead when Crosland fed it to the turtle. Administrators began investigating the incident immediately, according to Gee, and the Franklin County Sheriff’s Office was contacted. Crosland has not been cited or charged and has not been placed on leave, Gee said.“A part of any investigation includes determining the best course of action once the facts of the matter have been ascertained. This is not a situation that is easy, nor do we feel it is a measure that can be taken lightly,” Gee said.Crosland is a popular teacher who has exotic snakes and other animals in tanks around his classroom, according to multiple parents and students who contacted EastIdahoNews.com. Three former students, who asked not to be named, said they recall Crosland feeding guinea pigs to snakes and snapping turtles during classroom demonstrations.“He is a cool teacher who really brought science to life,” a former student says. “I loved his class because he had turtles and snakes and other cool things.”Gee says the district is taking steps to ensure “this type of action could not be repeated” and asked for patience while the investigation commences.“While the district certainly does not condone individual actions that may violate district policy or reasonable expectations of behavior, we hope that any errors in judgment made by a teacher in this instance will not cause us to forget the years of care, effort and passion the teacher has given to students in Preston School District,” Gee says.EastIdahoNews.com has contacted Crosland for comment but did not receive a response.The-CNN-Wire 2234
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