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ARTESIA, Calif. (CNS) - Facing possible expulsion from the state Legislature over sexual harassment allegations, Artesia Democrat Tony Mendoza resigned from the state Senate. 182

Are Apple's glory days behind it? That's probably a stretch. But Wall Street clearly is getting more worried about the company's reliance on the iPhone to generate sales and profit at a time when demand for the newer phones appears to be subpar.Shares of Apple (AAPL) fell 3% Wednesday and that was one of the big reasons why the Dow, which includes Apple, fell 300 points. Apple's stock briefly dipped into bear market territory, meaning it was down more than 20% from its all-time high.The reason for the Apple slide? Several companies that produce chips and other components used in iPhones have all issued gloomy forecasts recently, citing sluggish demand for higher-end smartphones.Although none of these companies, which include Qorvo (QRVO), Lumentum (LITE), Japan Display and IQE, have named Apple as the source of their woes, they are all Apple suppliers.But it may not be time to throw in the towel on Apple just yet, even though some analysts are cutting their price targets and earnings estimates due to concerns about soft sales for the newer iPhone XR, iPhone XS and iPhone XS Max.Apple's stock is still up more than 10% this year, making it one of the better performers in the Dow. The company is still worth nearly 0 billion. It remains the most valuable company in the world.Apple also continues to pay a solid dividend that yields 1.5% -- and the company is likely to keep raising its dividend thanks to its cash stockpile of 7.1 billion.What's more, Apple's earnings are expected to increase by more than 13% this fiscal year and keep growing at about a 12% clip annually, on average, for the next few years.So predictions of an Apple iPocalypse, if you will, may be premature. But it does seem like the company needs a new product to get consumers and investors excited again.Perhaps Apple needs to take a cue from the movie "This Is Spinal Tap" and release a new iPhone that goes to eleven. But would it be the iPhone 11 or iPhone XI? 1969

Americans counting on emergency coronavirus aid from Washington may have to wait until fall. Negotiations over a new coronavirus aid package have all but ended. The White House and Congress are far apart on the size, scope and approach on relief for households, schools and a national strategy to contain the virus. President Donald Trump’s top negotiator, Treasury Secretary Steven Mnuchin, tried to revive stalled talks Wednesday. But House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer dismissed what they called an “overture,” saying the Trump administration is still refusing to meet them halfway. Trump said Democrats are “holding the American people hostage.”While the White House said they believe a compromise can be made on some issues, the two sides remain far apart on funding state and local governments. Many states and municipalities are struggling due to decreased revenues and increased costs amid the pandemic.There is also disagreement among the parties, including Senate Republicans, on unemployment supplements as unemployment figures remain over 10%. From April into July, unemployed workers received an additional weekly 0 unemployment supplement on top of standard unemployment benefits. But many Republicans grumbled that the supplement gave incentive for workers to stay home amid the pandemic.On Saturday, Trump announced the signing of an executive order, which in part would extend weekly unemployment supplements, but the order raised many questions. The supplement would provide 0 a week for unemployed Americans through the end of the year and would call on states to chip in 25%, but many cash-strapped states might not be able to provide the additional funds. There are also questions on how Trump can fund the order without Congressional approval. Although there is grumbling over fears employees won't return to work, if an employer calls an employee back to work, they're no longer eligible for unemployment benefits. 1987

Apple is fighting to take back the classroom.The company revealed on Tuesday in Chicago what it believes is the future of education. CEO Tim Cook and his executive team took the stage at Lane Tech High School to discuss "creative new ideas for teachers and students."Apple showed off a new budget iPad specifically targeted toward students. The 9.7-inch device -- the same size as the traditional iPad -- will cost 9.The new iPad works with the Apple Pencil to support art projects — similar to what comes packaged with the higher-end iPad Pro tablet. Apple also teased software features such as smart annotations to help teachers mark up papers, and augmented reality support which will "enable new ways to learn."Alleged leaks of the upcoming iOS 12 software have shown a "ClassKit" platform for developers to create puzzles, tests and lesson plans for students. Augmented reality integration is a good bet, too.Apple's education business has had its ups and downs. iPads and Mac computers were once the primary devices used in American schools. But in recent years, Apple's dominance has slipped. Now, Google's budget-friendly Chromebook laptops occupy nearly 60% of all devices in the classroom, according to research firm Futuresource. Apple devices make up just 17% of the education marketshare.Perhaps it has learned from its mistakes. In 2015, a Los Angeles school district planned to give every student in the city an iPad with preloaded curriculums. Wired reported that the program, which was expected to become a billion deal, fell apart.After a volatile few years, Apple said in 2017 that iPad sales for the classroom ticked up 32% after dropping the price for its entry-level iPad to 9. Apple also made small tweaks to make it easier for students to share in the classroom, such as removing its Apple ID requirement.To get ahead of Apple's news, Google announced on Monday its first tablet running Chrome 10: Acer's Tab 10. At 9 — the same price as the cheapest iPad — Google and Acer hope to bring the flexibility and versatility of the Chrome operating system to an even more portable device.This is Apple's first education-focused keynote in six years — and its second ever. The company hosted a digital textbook launch in New York City in 2012.Chicago is a fitting backdrop for its latest event. The city is home to one of the largest school systems in the United States, and Apple expanded its "Everyone Can Code program" late last year to teach more students its Swift programming language.It's unlikely, however, that Apple will reveal details about its next generation iPhone on Tuesday. But with its annual World Wide Developer Conference only three months away, we may hear some subtle software teases of what will land on iOS and OS soon.  2788

Another 1.2 million people filed new jobless claims last week, according to the Department of Labor’s latest jobless claims report, and 16.1 million people had continuing claims. There are many reasons why finding a job right now is difficult, but one reason may involve the number of people holding off on retirement.“My career has been absolutely wonderful,” said Peggy Morriston Outon. “Because I am privileged to be around people who want the world to work justly and fairly.”For 40 years, Outon has worked in non-profit and is currently the assistant vice president for community engagement and leadership development at Robert Morris University in Pittsburgh. This May, she was planning on retiring.“I decided I was going to let this job open, a job I have loved and benefitted from, and have somebody else have a chance and see what they could do with it,” said Outon.However, a few months before retirement, the pandemic hit the United States and Outon’s plans had to change.“They were not going to be able to re-fill my position because of economic challenges with COVID, so all of a sudden, my desire to open up a position and leaving more work for my co-workers,” Outon added.Outon has now delayed her retirement indefinitely. She’s part of a growing number of Americans doing so because of COVID-19. In fact, the non-profit organization, Life Happens, just conducted a survey that showed 43 percent of adults have either already delayed retirement or are considering it.“It kind of has to do with the uncertainty of what this is going to look like, this pandemic’s effects on long-term and short-term finances, said Fasia Stafford, the president and CEO of Life Happens.“What we also found interesting was that the younger folks were delaying it even more than the older folks, so when you are looking at folks from 18 to 23, they are thinking that this is going to have long-term effects on them, that their retirement age might be delayed because of what is happening currently.”Currently, it doesn’t help with our country’s high level of unemployment, having so many people postpone their retirement. It negates the natural cycle of people exiting the labor market and making room for newer people to enter.“It is important for society,” said Outon. “I think it is healthy for younger people to get their chance and for there to be ability for them to make decisions and be in charge frankly.”If retirement nest eggs keep cracking because of economic recessions hitting almost every decade, those chances are going to be more and more delayed. 2566