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From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762
HENRICO COUNTY, Va. — A hate crime investigation is underway by the Virginia Commonweath's Attorney against the self-proclaimed president of the Virginia KKK after he allegedly drove his pickup truck into a group of protesters on Sunday.36-year-old Harry Rogers of Hanover, Virginia, was arrested Sunday after police say several witnesses saw Rogers rev his engine and drive into a crowd of protesters.The person who called police was checked by rescue at the scene and refused further treatment.The protest was one of the dozens of anti-police brutality marches that have taken place around the nation following the Memorial Day death of George Floyd.No one was injured during the incident. One protester reported that his bicycle was damaged.Rogers appeared in Henrico Court Monday morning, where he agreed to receive a court-appointed attorney. He was formally charged with two felonies — attempted malicious wounding and destruction of property — as well as misdemeanor assault and battery.During Monday's court appearance, prosecutors alleged Rogers told his arresting officers that he was the president of the Ku Klux Klan in Virginia and the highest-ranking member currently not in prison."The accused, by his own admission and by a cursory glance at social media, is an admitted leader of the Ku Klux Klan and a propagandist for Confederate ideology," Henrico County Commonwealth's Attorney Shannon Taylor said in a statement. "We are investigating whether hate crimes charges are appropriate."She urged witnesses to call Henrico Police at 804-501-5000."While I am grateful that the victim's injuries do not appear to be serious, an attack on peaceful protesters is heinous and despicable and we will prosecute to the fullest extent of the law," she said. "We lived through this in Virginia in Charlottesville in 2017. I promise Henricoans that this egregious criminal act will not go unpunished. Hate has no place here under my watch.Rogers is due back in court in August.This story was originally published by WTVR in Richmond, Virginia. 2055
Getting messages from "friends" telling you they have received new friend requests from you?Most folks are sending the message out because the message tells them to forward it. The friend request hoax is leading lots of people to post "don't accept friend requests from me" in their news feeds.Remember the account cloning epidemic that happened a long time ago? That's what makes this hoax more believable than usual.The giveaway that it's a hoax? It tells you to forward it to others. The current hoax is just one of many that have fooled Facebook users within the Facebook Messenger application. Simply delete the message — it's false and someone who created it enjoys seeing his work go viral. 731
GOLD COAST, Australia (AP) — Two-time world snowboard champion and Winter Olympian Alex Pullin has drowned while spearfishing on Australia’s Gold Coast.A police spokesman said a 32-year-old man was unresponsive when taken from the water and died despite receiving CPR from lifeguards and emergency treatment from paramedics.The accident happened at Palm Beach around 10:40 a.m. local time Wednesday.Pullin won gold medals in the snowboard cross event at the 2011 and 2013 world championships and was Australia's flag-bearer at the opening ceremony of the 2014 Sochi Olympics. 583
He was a friend. A brother. A husband. A grandfather.“He was also a chef,” Yolanda Green-Samuel added recalling fond memories of her brother, Eugene Green, who was killed four years ago in a hit-and-run incident while he was on a bicycle. She still recalls a conversation she had with local police in Miami Gardens, Florida, one that is seared into her memory.“[Police said] ‘We have no leads and no answers.’ And at that point I said to him ‘that’s unacceptable.'"”I was engulfed in pain,” Green-Samuel added.But she took that pain and channeled it for good. She’s created an organization to help raise awareness and try to decrease the problem of hit-and-run drivers. She says few people know how much more severe the penalties are when you flee the scene. Prison time for suspects who are caught is becoming more and more common. Samuel-Green wants people to know that more often than not the crash is an accident.It highlights an issue that only seems to be getting worse, according to statistics. In 2016—the latest year for which complete data from the National Highway Traffic Safety Administration exists—there were more hit-and-run fatalities than there have been in the 40-plus years that NHTSA has been keeping track. There were 2,049 people killed as a result of a hit-and-run 2016. Significant in those numbers: 70% of those deaths were to pedestrians or bicyclists. Jacob Nelson is a researcher with AAA, which put out a study highlighting the new numbers. He says one of the reasons for the uptick in pedestrian and cyclist deaths could be the simple fact that there are more pedestrians and cyclists on city streets.“There’s been a huge push from the public health community to get more people outside walking and biking given all the health benefits to doing that,” Nelson said. But he cautions that cities also need to start looking at putting more barriers between non-motorists and vehicle traffic lanes.The other factor that could be playing a part: distracted driving.“That doesn’t matter whether you are a motorist, pedestrian, or a cyclist. You need to pay attention to what’s around you. A lot of these crashes could be prevented in the first place,” Nelson said.And he joins Green-Samuel in urging any motorist involved in a crash to stay put.“The element of people leaving the scene of a crash is not only illegal, but motorists need to realize that staying on the scene of a crash is the right thing to do,” Nelson said. “It can help prevent people from being killed and it can lessen the severity of the injuries people sustain if we make sure people get medical care in that first hour.”Green-Samuel also hopes that through her organization, Just an Accident: Stop Hit-and-Runs, she hopes more people will become aware of the immense power people hold in their hands when driving a vehicle.“I just don't think people realize the responsibly they take when they get behind the wheel of a vehicle," she said. 2984