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Even with millions of unemployed Americans amid the worst pandemic to hit the US in a century, the Dow Jones Industrial Average has nearly fully recovered from its record-high levels in February.For the first time since Feb. 20, the Dow Jones closed above 29,000 on Wednesday, finishing the day at 29,100.The Dow Jones has historically had a 7% growth rate a year, and it’s possible the Dow could still finish the year on track. That comes after the Dow bottomed out in March at 18,591.While the Dow Jones has seen a recovery, many Americans are still feeling the pinch from the coronavirus. The unemployment rate remains above 10%, which is more than double the pre-pandemic unemployment rate.The economic news has continued to be dire as major companies, such as MGM and United Airlines are planning on furloughing or laying off employees.Whether the economic woes on Main Street eventually affect Wall Street remains to be seen, but President Donald Trump took credit on Wednesday for the Dow Jones’ figures. 1019
Famous for their home remodels on the popular HGTV reality show "Fixer Upper," Chip and Joanna Gaines have joined forces with Target to carry the Magnolia brand.The pair made the announcement Tuesday in a statement on their website. The modern farmhouse collection of home decor items will be available exclusively at Target, and it is called "Hearth & Hand with Magnolia." Items such as vases, dining sets and other home decor items will mostly be priced at less than , according to Target leaders. The items will be available Nov. 5.Chip Gaines said he and his wife chose Target to team up with because it is "the gold-standard when it comes to generosity and giving." 696
Fashion designer Hubert de Givenchy, a pioneer in high-end ready-to-wear clothing and famous for styling Audrey Hepburn's little black dress in "Breakfast at Tiffany's," has died at the age of 91, the House of Givenchy confirmed on Monday via its official Twitter account."The House of Givenchy is sad to report the passing of its founder Hubert de Givenchy, a major personality of the world of French Haute Couture and a gentleman who symbolized Parisian chic and elegance for more than half a century. He will be greatly missed," the company announced.His longtime partner, former haute couture designer Philippe Venet, revealed in a statement to AFP that Givenchy died in his sleep on Saturday.Givenchy entered the world of fashion in 1944 at the age of 17, training under Parisian designer Jacques Fath.Before long, he had moved on to designing for several major fashion houses including Robert Piguet, Lucien Lelong and Elsa Schiaparelli.Givenchy was in his mid-20s when he threw caution to the wind and launched his eponymous label in 1952. He maintained low overhead costs to keep down the prices of his designs.His first collection -- which championed the concept of separates and featured flawlessly detailed embroidered pieces, chic silk prints and sophisticated ball gowns -- immediately drew international recognition.From the off, he blazed a trail of innovation in the industry starting with his "Bettina blouse," named for popular French 1950s supermodel Bettina Graziani, which reintroduced tailored shirts into high fashion.But Givenchy was perhaps best known for his decades-long friendship with his muse Audrey Hepburn, which blossomed while she was filming her 1954 hit "Sabrina."Givenchy continued to style her outfits for "Breakfast at Tiffany's," "Funny Face" and "How to Steal a Million" and their friendship would endure until Hepburn's death from cancer in 1993."It was a kind of marriage," Givenchy told the UK's Daily Telegraph newspaper in 2015. "Little by little, our friendship grew and with it a confidence in each other," he added."There (was never) any criticism of the other person, no upsets."Enduring legacyOver the years, the haute couturier became a firm favorite of some of the world's most glamorous and highly admired A-listers.When Jackie Kennedy accompanied her husband to Paris in 1961, she turned to Givenchy to help dress her."It was not the same relationship or friendship that I had with Audrey," the couturier said in 2012 of his work with Kennedy. "The American people felt emotion for Jackie, but they preferred to have an American couturier design her dresses when they came to France for a state visit. Jackie asked for more than 10 or 15 pieces, saying 'I don't know if I can be dressed by a French designer.'"He continued: "We did all the fittings in secret. Then after the event at Versailles, Jackie sent me a little postcard to tell me that General de Gaulle gave her a very nice compliment. He said, 'Madame, this evening you look like a Parisienne.'"During his illustrious career, Givenchy also styled the likes of Elizabeth Taylor and Princess Grace of Monaco.Today, his label continues to be relevant and innovative, remaining incredibly popular with celebrity fans including Beyoncé, Kanye West and Rihanna. Beyoncé's love of the fashion house's style is well-known, with her having worn its creations to the last five Met Galas she attended between 2012 and 2016 (she didn't attend the gala in 2017). Fashion elite mourn 3498
Enrollment in public schools nationwide has gone down during the pandemic. According to data obtained by Chalkbeat and The Associated Press, enrollment dipped by about 2% since last year.Experts say several factors are to blame. Many students struggled to attend classes online, so they have been expelled from school for missing too many days. Also, kindergarten isn't required in some states.Surprisingly though, remote learning is more popular among parents than originally thought, according to a Pew survey.That's not to say all parents are on-board with virtual learning. In the grand scope, more parents prefer in-person instruction.Educators are more dissatisfied with virtual learning. About two thirds of teachers said students weren't prepared for grade-level work because of distanced learning.They also said students who were fully remote were completing less of their assignments and were absent more often. Teachers also reported high levels of stress and burnout.In a separate study by RAND Corporation, a nonprofit research organization, superintendents said they'd like to keep virtual schooling as an option after the pandemic.“The reasons the superintendents said they wanted to keep online schools after the pandemic really related to parental demand, so they cited reasons like retaining student enrollment in their district. Enrollment is the way that districts get funding and also the benefits of offering more choices to students and parents,” said Heather Schwartz, PK-12 Program Director and Senior Policy Researcher at RAND Corporation.The survey also found lower-income students are suffering the most during this time.“Low-income students are likely to attend schools that are fully remote during the pandemic than upper- and middle-income students. And it's the lower income parents on the surveys who are more concerned about their children falling behind academically during the pandemic,” said Schwartz.Lower income students are less likely to have the devices and internet access necessary for online learning.While there are some resources to help lower income families, researchers at RAND Corporation are making a recommendation. They want to see the federal government develop open-source curriculum materials that are of high quality and specifically for online instruction. 2323
ESCONDIDO, Calif. (KGTV) -- The man accused of hitting and killing an Escondido bicyclist appeared in court Wednesday on unrelated charges. Jamison Connor, 41, pleaded not guilty at his arraignment. The charges were unrelated to the deadly hit-and-run and were instead a result of parole violations in which Connor was found with a bag of methamphetamine and a loaded gun during a traffic stop. Also in the truck at the time of the stop was Connor's young son, prosecutors say. The District Attorney's office went into detail outside the courtroom about the arrest. "During their investigation, police noted several signs and symptoms the defendant was under the effect of controlled substances and alcohol," said Assistant DA Chris Campbell. RELATED: Grieving family learns of hit-and-run arrest on Thanksgiving holidayEscondido Police pulled Connor over Thanksgiving morning, driving with his four-year-old son. "When they took the defendant out, law enforcement searched the truck. They found a bag of meth in passenger side door and loaded 25 caliber firearm in glove compartment."After his arrest, police announced Connor as the suspect in a hit-and-run crash that killed 36-year-old Kevin Lentz. Lentz was cycling with a group along La Honda Road north of El Norte Parkway when he was hit head-on November 23. “The driver of the car was on the wrong side of the road, traveling at high speed on a blind curve when he hit Kevin head-on, killing him instantly,” wrote Devin Rickey on a GoFundMe page set up for Lentz’ family.RELATED: Friends mourn bicyclist killed in hit-and-run crashOfficers later found a dark Toyota sedan abandoned about a half-mile away from the crash on the 600 block of Aster Street. Police say the vehicle had significant damage to the windshield and roof. Lentz raced competitively for the TASCO MTB mountain bike team before scaling back his riding to spend more time with family and friends. He married his wife Lauren in 2016. 1968