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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 a brief flirtation with resurrection, Nickelodeon's "Double Dare" is back -- for real, this time.The game show favorite will return to the network this summer to give "a new generation of kids the chance to compete in the messiest and most physically challenging competition of their lives," Nickelodeon announced Wednesday.The decision to bring the series back comes about a year and a half after Nickelodeon paid tribute to the game show with a 30th Anniversary special."Double Dare" ran on Nickelodeon from 1986-93 and was revived for brief run in 2000.The original show was hosted by Marc Summers and co-hosted by Robin Marella.It is not yet known who will host the new iteration. Though, Nickelodeon said the revived series "will feature appearances from blasts from the past, long-time 'Double Dare' fans and stars from today."On "Double Dare," two teams compete against each other for prizes by answering trivia questions and completing some often-messy physical challenges, all culminating in a run of the show's kid-friendly obstacle course. (Think: human hamster wheel and a giant gunk-filled nose.)A specific premiere date has not been announced.The-CNN-Wire 1183

A Wisconsin bank is paying customers a bonus for turning over change as there a national coin shortage.The Community State Bank is paying out for every 0 in coins turned over to the bank. The coin buyback program is open to those who do not have an account with the bank.“We are certainly encountering crazy times,” said Assistant Vice President, Retail Operations Director, Katie Stolp. “Our goal from this program is to provide local business owners with the funds and tools they need to run their business. Many other financial institutions charge up to 10% of the value for coin counting. We’re not only waiving that charge, but paying community members to bring us their coin.”According to the Federal Reserve, the COVID-19 pandemic has disrupted the supply of coins. The pandemic, it says, has caused circulation of coins to drop.The Federal Reserve said it has implemented a temporary cap on the orders banks place for coins with the Federal Reserve to ensure that the current supply is fairly distributed.The coin shortage has prompted major retailers to no longer be able to return exact change to customers amid the shortage. 1149

A 6th-grade student at Dr. David L. Anderson Middle School in Martin County, Florida has been charged with a misdemeanor after he simulated a shooting, pretending to have a semi-automatic weapon.The Martin County Sheriff's Office said students told teachers that the 6th-grade student allegedly said he had a gun for protection. A school resource officer searched the student and his backpack and did not find a weapon. The child was allowed back to class, but a deputy said, in class, the student put his hands up as if he was firing a semi-automatic weapon and began to make pop noises. The Martin County Sheriff's Office was called out to the school and the student was arrested for disrupting a school function. He is charged with a misdemeanor. No weapon was found. Parents were notified that there was an incident."It was very unnerving and disturbing and once again it's the kids that are suffering and it freaked me out after dropping off my son today, giving him a kiss and knowing how the other parents feel about yesterday and that the kids aren't here. It's heartbreaking," said Shari Sullivan, whose son is in 7th grade. MESSAGE FROM ASSISTANT PRINCIPAL TO PARENTS:Good afternoon, this is Joe Flanagan, Asst Principal of Anderson Middle School.  I have an important message to share with you.  Today, school officials worked in partnership with the Martin County Sheriff’s Office as we became aware that one of our students made a non-credible threat to his classmates and teacher related to the recent tragedy.  The student is in custody of the Martin County Sheriff’s Office and is being charged with a misdemeanor for disruption of a school function. 1709

ALPINE, Calif. (CNS) - San Diego County officials opened an erosion control center in Alpine Thursday to help businesses and homeowners prevent debris flows in the areas burned by the Valley Fire.The center at 2914 Tavern Road will offer free sandbags, fiber rolls and other items to help residents stabilize properties before rains arrive and potentially trigger mudslides and debris flows, county officials said.Starting Thursday, the center will be open to business and property owners from 8 a.m. to 4 p.m. daily Monday through Saturday, and from 9 a.m. to 2 p.m. on Sundays. Appointments are not required this weekend, but will be required starting on Monday.Residents and business owners can schedule an appointment to pick up erosion control materials by calling the county's stormwater hotline at 888-846-0800.Staff will be available to advise on how to protect properties, homes, garages, sheds and other structures. Staff can also visually inspect properties and offer information on best practices to protect structures.As of Wednesday morning, the Valley Fire remained at 17,665 acres and was 90% contained, according to a Cleveland National Forest incident page.The conflagration, which broke out early on the afternoon of Sept. 5 off Spirit Trail and Carveacre Road in Japatul Valley, ultimately destroyed 30 residences and 31 outbuildings, damaged 11 other structures and left three firefighters injured, according to Cal Fire.Jamul resident Jim Grigsby told ABC 10News, “The fire burned down three of my neighbors' houses. And I’m looking out through my window now and it’s kind of sad ... We’ve been through three fires out here, and this is the first time it got this close so we had to get all of this stuff out.”On Thursday, Grigsby went to the erosion center to pick up “fiber coils or swaddle to divert water and use them to fil up the sandbags and build a retaining wall to the gullies on the property." 1934

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