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CFD Units are currently on scene in the 9500 Block of David Taylor Dr; heavy flooding has lead to the evacuation of a Charter School; no injuries at this time; 143 persons have been rescued pic.twitter.com/ltDWL2CF4F— Charlotte Fire Dept (@CharlotteFD) November 12, 2020 278
BURBANK (CNS) - Walt Disney Co. Executive Chairman Robert Iger will give up his salary for the year in light of the coronavirus pandemic, while CEO Bob Chapek will take a 50 percent pay cut, the executives announced Monday.The moves come amid cutbacks in film and TV production and indefinite closures of Disney theme parks, cutting into the Burbank-based company's bottom line.In a company-wide email obtained by The Hollywood Reporter and other media outlets, Chapek wrote that the company is "implementing a variety of necessary measures designed to better position us to weather these extraordinary challenges.""Among them, we will be asking our senior executives to help shoulder the burden by taking a reduction in pay -- effective April 5, all VPs will have their salaries reduced by 20%, SVPs by 25% and EVPs and above by 30%," he wrote."... As we navigate through these uncharted waters, we're asking much of you and, as always, you are rising to the challenge and we appreciate your support," Chapek wrote. "Your dedication and resilience during this difficult time are truly inspiring and it gives me renewed confidence that we will come through this crisis even stronger than before."According to THR, Iger earned .5 million in the last fiscal year as chairman/CEO. Chapek's base salary is .5 million. 1326
Charles Lazarus, who founded Toys "R" Us 70 years ago, died Monday, a week after the company announced it will be forced to shut down its U.S. operations.Lazarus, 94, no longer had any ownership position in the chain. He started the company as a 25-year old in 1948, anticipating that the post-war baby boom would create demand for baby supplies and toys. He stayed on as CEO until 1994.The-CNN-Wire 407
CEDAR PARK, TX — Three police officers were shot Sunday while responding to a call in Cedar Park, Texas, according to police.The three officers suffered non-fatal injuries while responding to the call on Sunday afternoon and are currently stable at a local hospital.The shooting began an hours-long standoff that lasted throughout the evening on Sunday and well into Monday morning. Two hostages were released from the home on Monday morning at about 8 a.m. CT. About an hour later, a third hostage and the suspect emerged from the home peacefully.Preliminary information obtained by ABC News says the incident started as a domestic dispute. 650
Can you cover an unexpected 0 expense?Four in ten Americans can't, according to a new report from the Federal Reserve Board. Those who don't have the cash on hand say they'd have to cover it by borrowing or selling something.The bright side? That's an improvement from half of adults being unable to cover such an expense in 2013. The number has been ticking down each year since.Overall, the financial situation of American households has improved during the past five years, according to the Economic Well-Being of U.S. Households report. It shows that in 2017, 74% of adults reported feeling at least "okay" financially, an increase of 10 percentage points from the first survey four years earlier."This year's survey finds that rising levels of employment are translating into improved financial conditions for many but not all Americans," Federal Reserve Board Governor Lael Brainard said in a press release, "with one-third now reporting they are living comfortably and another 40% reporting they are doing okay financially."Still, many are struggling. Notable differences remain across race, ethnicity, education levels and geography. The report shows hardship continues for people working to repay college loans, cover emergency expenses and manage retirement savings.For the first time the report also looked at the opioid epidemic, reporting that one out of five adults personally knows someone with an addiction to painkillers. Exposure does not vary much by education level or by local economic conditions.The study was drawn from the Board's fifth annual Survey of Household Economics and Decisionmaking, which looks at the economic health of Americans. The survey of 12,000 people examined their income, employment, unexpected expenses, banking and credit, housing, education, and retirement planning in November and December 2017.While showing that Americans' financial lives are moving in a positive direction, the report does raise some concerns about their most basic levels of financial stability: emergency funds and retirement."The finding that four-in-ten adults couldn't cover an unexpected 0 expense without selling something or borrowing money is troubling," said Greg McBride, chief financial analyst at Bankrate.com. "Nothing is more fundamental to achieving financial stability than having savings that can be drawn upon when the unexpected occurs."McBride suggests setting up automatic direct deposits from a paycheck to a savings account that can build some much-needed financial cushion.He's also concerned about another finding in the report: fewer than 40% of adults think their retirement savings are on track."The burden is on us as individuals to save for our retirement," he says. "Take control of your financial destiny by contributing to an employer-sponsored retirement plan such as a 401(k) via payroll deduction, or arrange automatic monthly transfers from your bank account into an IRA."More concerning are the 25% of Americans with no retirement savings whatsoever, according to the report.Some of this may be due to the lack of employer-sponsored retirement plans, as well as people piecing together several part-time jobs, which may not offer benefits.The report found that while most workers are satisfied with the wages and benefits from their current job and are optimistic about their future job opportunities, challenges remain, particularly with irregular job schedules. 3451