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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

Abby and I wish a heart-felt congratulations to @JoeBiden and @KamalaHarris on the election call today. Thank you for your commitment to unite us all. We pray for you and promise to work with you to benefit the people of Utah. 1/— Spencer Cox (@SpencerJCox) November 7, 2020 282

ALPINE, Calif. (KGTV) - Alpine parents fighting to keep sexually violent predators our of their neighborhood are more frustrated after hearing the State Department of Hospitals can't help them.10News first brought you this story in March. On Dec. 14, neighbors say a neighbor approached someone walking around a vacant property next door and found out she was an investigator for the Sexual Assault Felony Enforcement Task Force (SAFE)."[They were] looking at the property as a possible placement for sexual predators," Father Keith Martin said holding his three-month-old baby girl. In December, they wrote a pile of letters to anyone they could reach, successfully keeping a convicted sexual predator out of their neighborhood.Now they want to ensure the home is removed from the list for good. The problem is the State Department of Hospitals says the homeowner is the one who agrees to rent to the predators. Neighbors want to find a workaround, "I think that's kinda silly, if they can put an address on a list they can take it off, I don't know what the big problem is," Grandfather of nine James Greaney said. County Supervisor Dianne Jacob sent 10News this statement: 1184

Amazon is postponing it's Prime Day sale because of the pandemic.The massive sales bonanza normally takes place in mid-July.Amazon told CNN that they would be holding Prime Day "later than usual."The company says it will share more details soon.Prime Day is Amazon's version of Christmas in July, and sales during the two-day event have consistently outpaced Black Friday sales.Prime members in India are in luck, however.Amazon announced prime day there is on for August 6 and 7.Everyone else will have to wait. 520

After no one won Friday's giant Mega Millions lottery, the jackpot for Tuesday's drawing has climbed to an estimated .6 billion, marking an all-time record for lottery drawings in the US. In case you want to confirm that you did not win during Friday's billion drawing.The winning numbers on Friday were 65-53-23-15-70 and the Mega Ball was 7.Only one other jackpot in U.S. history has surpassed the billion mark. That jackpot was via the Powerball lottery on Jan. 13, 2016, and that drawing was worth .586 billion. In that instance, three winners split the massive jackpot. The Mega Millions jackpot has been building since July 27 when a winning ticket was sold in California. Mega Millions is played in all states except Hawaii, Alaska, Nevada, Utah, Mississippi and Alabama. The odds of drawing all six numbers in Mega Millions are 1 in nearly 302 million. Although no one matched every single number, you could still be a winner. Selecting the Mega Ball is worth . If you get all five white numbers correct without hitting the Mega Ball, a ticket is worth million. Mega Millions is not the only lottery out there that is large.. Powerball's jackpot on Saturday is a slightly more modest 0 million.Take a look at the list below for the largest jackpots in U.S. history, according to the Arizona Lottery: 1363

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