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NEW YORK (AP) — Facing a potentially ruinous wave of new sex-abuse lawsuits, the Boy Scouts of America is increasing its annual youth membership fee by more than 80%.The group says the move, which has dismayed many of the Scouts' adult volunteer leaders who warn the increase is prohibitively steep for some, is needed to meet rising operating costs, notably for the liability insurance that covers all official Scouting activities.For years, the BSA has been entangled in costly litigation with plaintiffs who said they were abused by scout leaders in their youth. Hundreds of lawsuits may lie ahead with the recent enactment of laws in New York, New Jersey, Arizona and California making it easier for victims of long-ago abuse to seek damages.The fee increase, disclosed to the Scouts' regional councils last week, seeks to relieve some of the financial pressure. As of Jan. 1, the annual membership fee for 2.2. million youth members will rise from to ; the fee for adults will rise from to , the Scouts said. The increases could generate more than million in additional funds in the coming year.The BSA says it's exploring "all available options" to maintain its programs and has not ruled out the possibility of declaring bankruptcy.As part of that process, the Scouts said they are consolidating their departments and recently eliminated more than 35 positions at its National Service Center.The BSA's current youth participation is down from more than 4 million in peak years of the past. It has tried to offset the decline by admitting girls, but the membership rolls will take a big hit as of Jan. 1, when the Church of Jesus Christ of Latter-day Saints — for decades a major sponsor of Boy Scout units — cuts its ties with the BSA and launches its own global youth programs.In its announcement, the BSA made no specific reference to the sex-abuse litigation but made clear the fee increase was driven by insurance costs."Unfortunately, the cost of liability insurance we must carry to cover all Scouting activities has increased dramatically over the past several months, and the organization is no longer able to offset the cost of insurance," the BSA said.In addition to insurance, the BSA said, membership fees cover other "essential services" such as background checks for adult leaders, program development and updated youth protection and safety training.The national fees do not cover costs for uniforms and handbooks, which can easily exceed 0 per year.Scores of the Scouts' volunteer adult leaders weighed in on the fee increase in comments on a blog operated by the BSA's Scouting Magazine. Several of the leaders warned that the increase would be financially burdensome for low-income families and might drive them away from scouting.The BSA insists that the scouting remains a good value, compared with many other organized youth activities."While most extracurricular activities are seasonal, Scouting is a year-round program that remains one of the most valuable investments we can make to support young men and women," the BSA announcement said.The organization says it will strive to assist families who feel they cannot afford the higher fees. It announced creation of a fund, supported through donations, to provide financial assistance.Many of the volunteer leaders commenting on the blog were upset by the timing of the announcement. It came after Scout units had already begun collecting fees for their 2020 registration renewal process and setting their budgets for the coming year."I am extremely disappointed in the handling of this increase," wrote John Guild, a Dallas attorney who has helped lead a Cub Scout pack and slammed the move for lack of transparency as well as its poor timing. Guild also questioned how effective the fee increase would be, contending that the BSA "is facing hundreds of millions of dollars is liabilities and tens of millions of dollars in legal fees."Jason Krut, who is active with a Pittsburgh-area Cub Scout pack, called the increase "unconscionable.""It reeks of incompetence and mismanagement," he wrote on the blog. "It will force children, leaders, and families away from scouting and to seek out BSA alternatives. "Brandon Boos, a leader of a Cub Scout pack in Worthington, Ohio, said the magnitude of the increase was understandable but he faulted the timing."The roll-out did not demonstrate the same high quality of character we are trying to instill in our Scouts," Boos wrote on the blog.In a subsequent email to The Associated Press, Boos said he still loves the Boy Scouts, plans to continue as a volunteer and hopes other parents do likewise.Donald Dement, a volunteer leader with his sons' Boy Scout troop in Frisco, Texas, said most of the parents would have no trouble affording the higher fees, while hard-up families would likely get assistance from their troops.Dement said some conservative families in Frisco continue to resent major changes made by the BSA in the past decade — these included opening its programs to girls, and admitting gays as scouts and adult leaders. One local troop, he said, made hats for summer camp last year emblazoned with "Make Scouting Great Again."But regarding the fee increase, he said most scouting families "will be understanding and accepting."The Boy Scouts filed lawsuits last year against six of its own insurers, saying they have improperly refused to cover some of the sex abuse liabilities incurred by the organization. The insurers say the coverage obligation is voided because the BSA failed to take effective preventive measures such as warning parents that scouts might be abused."We believe insurance companies should uphold their commitments by paying their share of claims," the BSA said in an email to The Associated Press on Thursday. "We remain in disputes with some carriers and look forward to a resolution that benefits victims and helps them on their journey towards healing." 5951
NEW YORK (AP) — Uber shares sunk even further after its disappointing stock market debut as doubts lingered over the company's ability to turn a profit and trade tensions dragged down the overall market.The ride-hailing giant's stock fell 10% and hovered around Monday afternoon on Uber's first full day of trading.The mounting losses followed Uber's disappointing initial public offering. On Friday, it took a 7 million hit — the largest loss on the first day of trading by a U.S.-based company in recent history, according to Renaissance Capital.Uber's earliest investors are still making money off the IPO, but "for late-round investors, it's possible by the time they exit they will end up with a loss," said Jay Ritter, finance professor at the University of South Florida.Among the recent big investors — and perhaps losers — is PayPal, which had disclosed plans to buy 0 million in Uber stock at the IPO price of .Uber has had no trouble convincing venture capitalists to pour money into its earlier funding rounds, but with its unclear path to profitability, it's having a more difficult time with Wall Street investors."It's clearly a high-risk, high-reward scenario. You're betting on something that may happen 10 years down the road," said Matt Kennedy, senior IPO market strategist at Renaissance Capital, a manager of IPO exchange traded funds. "Public investors are looking at profits and not seeing any, and the company's growth in the last quarter was relatively strong, but I don't think it blew anyone away."Uber's main U.S. rival, Lyft, is in a similar spiral. Its stock was trading below on Friday, down 33% from its IPO price of .It's rare to see shares in a tech company hit so hard upon going public. Over the past five years, just 10% of similar companies finished their first day of trading below their IPO price, Kennedy said.Uber's revenue last year surged 42% to .3 billion, but the company admits it could be years before it turns a profit. 2000
NEW DELHI (AP) — India has registered 78,761 new coronavirus cases, the biggest single-day spike in the world since the pandemic began, just as the government began easing restrictions to help the battered economy. The Health Ministry on Sunday also reported 948 deaths in the past 24 hours, taking total fatalities to 63,498. India has now reported more than 75,000 infections for four straight days. Sunday’s surge has raised the country’s total virus tally to over 3.5 million and comes at a time when India is reopening its subway networks and allowing sports and religious events in a limited manner from next month as part of efforts to revive the economy. 670
NEW YORK (AP) — Andy Ruiz Jr. had six weeks to prepare for the fight of his life.He'll have a lifetime to celebrate one of boxing's biggest heavyweight stunners.A massive underdog just like Buster Douglas, Ruiz knocked down British champion Anthony Joshua four times, and the final two in the seventh round proved the decisive blows.Ruiz, the first heavyweight of Mexican descent to win a heavyweight title, capped one of boxing's epic upsets to win Joshua's shares of the heavyweight championship Saturday night at Madison Square Garden."I just feel so good, man," Ruiz said. "This is what I've been dreaming about, this is what I've been working hard for. I can't believe I just made my dreams come true."Ruiz etched his name in heavyweight lore by TKO at 1:27 in the seventh round to become the surprise champ in a bout that had shades of Douglas' upset over Mike Tyson for the heavyweight title in 1990. Ruiz barely was on anyone's heavyweight radar when he was summoned as a replacement to fight the undefeated Joshua in front of a packed Garden.Considered a joke by fans, all Ruiz did was dominate the British champion and used a TKO to turn his life and the heavyweight division upside down. Ruiz racked up 32 wins without beating many boxers of note and walked into the ring with a waistline that will need a supersized championship belt.Ruiz, a flabby fighter out of Southern California, came up short in his only other shot at a world title, having lost on points to then-WBO champion Joseph Parker in December 2016.Ruiz even warned Joshua before the fight: "Don't underestimate this little fat boy."The 270-pound heavyset heavyweight knocked down Joshua twice in the third round and did it two more times in the seventh before referee Mike Griffin ended the fight. Joshua was woozy and seemed to stumble toward the wrong corner after the final blow.Ruiz stepped in after fighting on April 20, when he stopped Alexander Dimitrenko. Jarrell Miller's failed drug tests sent the challenger to the sideline and paved the way for Ruiz's unexpected title shot. Ruiz (33-1, 21 KO's) seized the opportunity and made boxing history to win the WBA/IBF/WBO/IBO championships. He raised his arms in celebration and jumped around the ring as his corner quickly mobbed him and a wild celebration kicked off."I've got that Mexican blood in me," he said. "Talking about the Mexican style? I just proved it."The true shock might have been that the Garden was packed on a Saturday night for a fight few expected to be competitive. Yes, Ruiz is up there with Douglas and Hasim Rahman for who-can-believe-it wins, but casual sports fans don't even know the names of most boxing champions — consider, instead of pay-per-view parties, this card was streamed by DAZN.When ring announcer Michael Buffer announced the name of the judges "should this fight go the distance," fans laughed at the ridiculous possibility as Ruiz was an ultimate underdog.Joshua (22-1, 22 KO's) and Ruiz were both knocked down in an electrifying third round that had the sellout crowd of 20,201 howling with each heavy hit. Joshua knocked down Ruiz early in the round and the promise of an early finish seemed horizon.Ruiz, his trunks a bit too low for his portly frame, came right back and used an overhand right that rocked the champ and sent him to the canvas. Joshua recovered only to get pummeled in the corner. Ruiz knocked him down again in the final ticks of the round as fans in a disbelieving Garden crowd screamed "Oh my God!" Again, Joshua beat the count but the bell saved the Brit from a going a second longer in his weakened state. Had it not been a championship fight, perhaps Griffin would have stopped the bout.Alas, for Joshua, it went on.Ruiz, whose father, a native of Mexico, got him into the gym when he was 6 and had his son in bouts a year later, shook up the boxing world. Johsua was the fan favorite and had all the hype for his first fight in the United States."If it wasn't for my dad, I wouldn't be here," Ruiz said.NBA star Kyrie Irving and rapper Meek Mill were among the celebrities in the house expecting Joshua to roll to a win and set up more ambitious, lucrative bouts against the likes of Tyson Fury, Deontay Wilder and a few other potential opponents."Sorry I let my fans down, sorry I let my supporters down," Joshua said.Ruiz made some new ones."It is never over until it's over with the Mexicans. God bless them. Congrats Andy Ruiz," former UFC champion Conor McGregor tweeted.Wilder, owner of the WBC crown, decided to give Luis Ortiz a rematch. Ortiz battered Wilder for parts of their fight in early 2018 before running out of gas and getting knocked out.Wilder tried to steal the headlines this week when he announced his rematch with Fury was set for 2020. Wilder and Fury fought to a split draw in December in Los Angeles, with Wilder retaining his WBC heavyweight title after knocking down his British challenger twice.Joshua instead heads toward a likely rematch against Ruiz later this year.Fans booed when Ruiz was shown on the big screen holding a personalized Knicks jersey. He walked out to his press conference wearing the jersey — his coronation complete, a table full of championship belts all for him."My life is going to change," he said. "I don't have to show them no more." 5306
NEW YORK (AP) — There is still plenty of life in Stephenie Meyer's "Twilight Saga." Meyer says she is planning at least two more books in her mega-selling vampire series. Meanwhile, the author's long-awaited "Midnight Sun" sold more than 1 million copies in its first week, the publisher Little, Brown Books for Young Readers announced Thursday. 354