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According to a study published by UCLA's Anderson School of Management, the COVID-19 pandemic has put the U.S. economy into a "depression" and projects that the country's GDP won't return to pre-pandemic levels until early 2023.The study was published by David Shulman of UCLA's Anderson Forecast — a research firm at the school that publishes a quarterly outlook on the U.S. economy."Make no mistake, the public health crisis of the pandemic morphed into a depression-like crisis in the economy," Schulman wrote. "To call this crisis a recession is a misnomer."The report says that despite a drastic response from both the Trump Administration and the Federal Resevre, it will take years for both employment levels and GDP to return to were it was before COVID-19 reached America."Simply put, despite the Paycheck Protection Program too many small businesses will fail and millions of jobs in restaurants and personal service firms will disappear in the short-run," the report reads. "We believe that even with the availability of a vaccine it will take time for consumers to return to normal. (It took more than two years after 9/11 for air travel to return to its prior peak.) With businesses taking on a huge amount of debt, repayment of that debt will take a priority over new capital spending. And do not forget that state and local budgets suffered a revenue collapse that even with federal assistance it will take years to recover from."The U.S. lost 22 million non-farming jobs in the early months of the pandemic, the report says. The report does offer at least one bright spot: the housing market. The report mentions that despite high unemployment rates, "consumer demand remains strong" and that markets will return to pre-pandemic levels fairly soon.Finally, the report projects that the pandemic will accelerate some trends that were already in motion, particularly the growth of online retail, telecommuting and rising tensions between the U.S. and China. 1980

After dipping below a million new claims a week for the first time since March, jobless claims are back up above that mark.The U.S. Department of Labor just reported at least 1.1 million people filed new jobless claims last week, while there were another 14.8 million continuing claims.For all those on unemployment, what is not back is the 0 pandemic unemployment assistance. Instead, President Trump signed an executive order for Lost Wage Assistance, while Congress is still in a stalemate over a new stimulus package.Until the president’s order kicks in, after states apply for the help and get approved, everyone on unemployment is being forced to live off their respective state's normal unemployment benefit. In many states, the average benefit payout is meager, at best.“The national average for unemployment dropped from nearly 0 a week to just 8 a week in June of this year, because so many low wage workers were losing their jobs,” said Andrew Stettner, a senior fellow at The Century Foundation.Stettner has been heavily researching and analyzing unemployment benefits with the New York and D.C.-based independent think tank. Part of his research and analysis shows low-wage workers could be getting far less than that average state weekly benefit. For example, in a state like Hawaii, some low wage workers could be getting the state’s minimum payout of just a week right now. In other states like Louisiana, Connecticut, North Carolina, Nevada, Oklahoma, and Delaware, minimums aren’t much higher, ranging between to per week.“All but nine states have minimum benefits below 0 per week,” Stettner added.Understanding states’ minimums and how little some workers could now be getting per week is important because it will impact their eligibility for the president’s executive order.“If you don’t get more than 0 in unemployment benefits a week from the state, you can’t get Trump's new Lost Wage Assistance,” explained Stettner.Lost Wage Assistance is an additional 0 a week from the federal government for those on unemployment and is supposed to be available until Dec. 27, 2020. Essentially, right now, it is the only stopgap in place to help those unemployed, but it won’t help those who may need help the most. That’s why many are urging Congress to quickly come to an agreement on the next stimulus bill that helps everyone struggling.“I think there is the will to continue federal unemployment employment benefits, Trump’s executive order. Trump’s executive order promises them through December 27, but there is not enough money to fulfill that promise. So, I think there is the will to do the right thing but there is a lot getting in the way,” said Stettner. 2718

ALPINE, Calif. (KGTV) — Spending the night at Alpine's animal reserve this month is sure to be a wild time with Halloween in the air.Lion Tigers & Bears exotic animal rescue hosts "Spooky Campover" this month, allowing visitors to camp out near enclosures of its exotic residents. Guests will spend the night within roaring distance of the rescue's lions, tigers, bears, bobcats, leopards, and more.While the prospect of sleeping next to nature's big cats is a draw, families will also get to enjoy pumpkin carving, campfire songs and s'mores, a Halloween costume contest, and some animal trivia fun.SAN DIEGO HALLOWEEN:San Diego's Whaley House: Tour one of America's most haunted homesFrightful fun: San Diego Halloween, fall events for familiesExperience Halloween chills at these San Diego attractionsSpirited shindigs: Halloween parties for San Diego's 21+ crowdThe following morning, pumpkins carved the night before will become a treat for the rescue's residents, as their own Halloween treats are tucked into the pumpkins for breakfast.The event runs Oct. 25 - 26 at the Alpine location. Member tickets are for adults and for children, and non-member tickets at per adult and a child. All proceeds benefit the rescue's care of its animals.Guests will need to bring camping gear, including a tent, sleeping bags, clothing, and food, as well as a pumpkin to carve.More information is available on Lions Tigers & Bears' website. 1464

ALPINE, Calif. (KGTV) -- An 86-year-old man was hit and killed in the parking lot of an Alpine shopping center Thursday evening, according to authorities. Police say a truck hit the man on the 1200 block of Alpine Boulevard around 4:12 p.m. Thursday. Investigators say the driver of the truck didn’t see the man and backed over him outside a Chase Bank.A worker at a nearby Carls Jr. said the man was stuck under the truck following the accident. Authorities said the incident was a tragic accident and the driver won't face any charges.   572

After Fox News host Sean Hannity accused late night comedian Jimmy Kimmel of being a "pervert," Kimmel said on Sunday that he is ending his war of words with Hannity. Kimmel drew Hannity's ire earlier this week after Kimmel played a clip of First Lady Melania Trump reading to children during the White House Easter Egg Roll. Kimmel then joked with his sidekick, who is often lampooned on the show for having a thick accent, saying that he could be First Lady. "Jimmy, you're a despicable disgrace," Hannity told Kimmel. "Ass clown Kimmel," Hannity added. Kimmel responded to the criticism on Thursday's show by calling Hannity an "ass circus." Hannity then fired a number of tweets with the hashtag #PervertKimmel and calling Kimmel "Harvey Weinstein Jr.," a response to a "Man Show" segment where Kimmel would ask women to guess what is in his pants. The segment involved Kimmel asking women to feel the outside of his pockets to guess what was hidden inside. Kimmel by responding that Hannity was trivializing "the horrors of Harvey Weinstein by comparing them to televised comedy bits in which every woman was a willing participant who gladly signed a release.""Stop picking on woman that can’t fightback Mr Harvey Weinstein jr," Hannity responded. "And maybe pledge not to ask 18 year old girls to touch your crotch and put their mouths on it like you did. Why don’t You Be a grown up and simply apologize."On Sunday, it appeared Kimmel had enough.  1542

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