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The jarring noises and machines inside the Usheco plastics warehouse sound like home to the Schaeffer family.“My grandfather, Bernarr Schaeffer, started the business in ’61. So, proud to be third generation,” said Alethea Shuman, who will one day take over the company for her father.The company started with the World War II fighter pilot, and now, more than 60 years later, nearly every member of his family has worked inside these four walls.“It’s like having your own team. There’s an extra level of trust that you just don’t get elsewhere,” said Wayne Schaeffer, Bernarr’s son and the President of Usheco.They build all kinds of plastic devices. The company is known for air purifying planters, handicapped equipment, and laboratory supplies.“Our business was really founded on my grandfather wanting to make health-related products,” said Shuman. Now, this family is seeing a huge boom in some new products.At the start of the pandemic when everything shut down, Usheco had to lay off much of their staff because business dropped by about 40 percent. However, they designed face shields and desk barriers and had to bring everyone back on and hire extra workers on just to fulfill all their orders.“We only cut everyone’s hours for one week," said Shuman. "The following week, we were back to full-time hours for everyone."Hundreds of thousands of face shields and plastic desk barriers in custom shapes and sizes are coming out of this factory.While most businesses are in need of help themselves, the plastics industry is one of few seeing pandemic profits.“Things are looking pretty good for us,” said Schaeffer. “How can you not be thrilled to be helping out and making your business grow?”The Schaeffers say their U.S. made products are growing to a global scale. “Our pricing is similar to China now,” said Wayne.“We’re seeing new quotes coming in for things that are typically done overseas and were grateful to be able to help with that,” said Shuman.Shuman said by the time she takes over the business, she hopes the products keeping her grandfather’s legacy alive are no longer in stock.“I’m hoping we figure out a way to get past this and we’re not going to need PPE and sneeze guards, and the business coming back to the U.S. is going to support us. And from what I can see, that’s happening,” she said.But more important than business, is carrying on a tradition.“Over the last few months, we really have understood where our roots are and where we’re going,” she said.Towards a future where simple, plastic products mean more than ever before. 2571

The NBA's two biggest superstars will face off in the NBA Finals again. But the pairing of LeBron James and Steph Curry is not the hottest ticket in sports.That honor goes to the Stanley Cup Final, which pits the Vegas Golden Knights expansion team against the Washington Capitals. Tickets for the final are the most expensive ever recorded, averaging ,983 for the series, according to TicketIQ, which has tracked tickets since 2011.In just their first year of existence, the Golden Knights are creating tremendous buzz.The team opened the best-of-7 series with a Game 1 victory.The Knights are new and unexpected, and the Capitals have never won a Stanley Cup, which is generating excitement as well.The Cleveland Cavaliers and Golden State Warriors, on the other hand, are meeting for their fourth consecutive NBA championship series starting Thursday. The story lines seem familiar. The average price for a "get in" ticket — a metric ticket sites use to aggregate the cheapest prices — to any of the NBA Finals games cost 0. That's the lowest they've been in the past four years.The average cost of all tickets to the NBA championship — which includes more than just "get in" pricing — increased from last year and is the second highest since 2011, according to TicketIQ. The rise in average can be attributed to an increase in some of the seat prices at Oracle Arena where the Warriors play. TicketIQ founder Jesse Lawrence said demand is also up because the Warriors are expected to win in four games.Stanley Cup Final tickets tend to be more expensive than NBA Finals tickets. But this year has been unprecedented for the Cup. Not only is the average price for all tickets higher than ever before, but across the series, the average cost of the cheapest tickets is also up more than 0 from last year.For Game 5, which won't happen if there's a sweep, the lowest prices on TicketIQ are over ,100 for the Stanley Cup Final and around 0 for the NBA Finals . On Ticketmaster and StubHub, NHL tickets are priced at over 0 and NBA seats are around 0. 2122

The plane behind Lion Air's crash off Indonesia was one of Boeing's newest and most advanced jets. It was just two months old and with 800 hours under its belt, so experts are baffled as to what exactly caused the 737 MAX 8 to crash.While no information has been released yet as to why the brand-new plane crashed into the sea 13 minutes after takeoff,?FlightRadar24 has published data that shows the plane behaving erratically during takeoff. When a plane would normally be ascending in the first few minutes of flight, the Lion Air jet experienced a 726-foot drop over 21 seconds.Aviation expert Philip Butterworth-Hayes told CNN that the data was unusual -- especially since takeoffs like this are typically controlled by the plane's automatic systems."This doesn't fit an automatic flight profile," Butterworth-Hayes said while studying the data. "Unless, the aircraft was trying to correct itself at the time for a number of reasons.""This shows an unusually unstable vertical flight profile," he added."Exactly at the same time as the speed increased there was an altitude dip, which meant that at that point there was quite some loss of control."The plane, which has only been in operation since August 15, was carrying 181 passengers as well as six cabin crew members and two pilots, bound for Pangkal Pinang on the Indonesian island of Bangka.Former US National Transportation Safety Board air crash investigator and CNN aviation analyst Peter Goelz told CNN the data clearly showed issues with both the speed and altitude of the plane."There is something obviously wrong in both the air speed and the altitude which would point to the flight control systems," he said. "These are fly-by-wire systems -- highly automated -- and pilots may not be able to troubleshoot failures in a timely manner." 1818

The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.Kanye West’s clothing line. The sculptor Jeff Koons. Law firms and high-dollar hedge funds. The Girl Scouts. Political groups on both the left and right.All told, the Treasury Department’s Paycheck Protection Program authorized 0 billion for nearly 5 million mostly small businesses and nonprofits. On Monday, the government released the names and some other details of recipients who were approved for 0,000 or more.That amounted to fewer than 15% of all borrowers. The Associated Press and other news organizations are suing the government to obtain the names of the remaining recipients.Economists generally credit the program with preventing the job market meltdown this spring from becoming even worse. More than 22 million jobs were lost in March and April. But roughly one-third of them were regained in May and June — a faster rebound than many analysts had expected.The government acted quickly in early April, with Treasury lending the first 9 billion in just two weeks. The program got off to a rocky start, one marked by confusion and difficulty for many companies that sought loans.“The process was messy, and they couldn’t target it as much,” Diane Swonk, chief economist at accounting firm Grant Thornton, said of Treasury.Here are seven unlikely recipients of the PPP loans:___JEFF KOONSKoons, a modernist sculptor, is known best for his work with large, metallic balloon-like animals. His “Rabbit” sculpture fetched million at auction last year.Koons’ studio was approved for million to million, the government’s data shows. (The data shows only ranges for the amounts of approved loans.) His studio said it employed 53 people before the pandemic. The PPP loans can be forgiven if employers use most of the money to keep their workers on the payroll.___WALL STREET AND PRIVATE EQUITYNearly 600 asset management companies and private equity firms were approved for money from the PPP, according to government data.Financial firms were generally not badly hurt by the coronavirus pandemic. Their employees were largely able to keep working, and they weren’t among the industries that had to be shut down by government orders. In addition, of course, investment managers and private equity employees tend to be exceedingly well-paid occupations.ADVERTISEMENTAccording to the data, those 583 companies reported supporting roughly 14,800 jobs collectively with the money from the program. That’s an average of 25 employees per company.One other notable financial company that borrowed from the program: Rosenblatt Securities, which commands one of the largest physical presences on the floor of the New York Stock Exchange. Rosenblatt borrowed between million and million.___KANYE WEST’S CLOTHING LINEKanye West’s clothing-and-sneaker brand Yeezy received a loan of between million and million, according to the data released by Treasury. The company employed 106 people in mid-February before the pandemic struck.Yeezy, best known for its 0 sneakers, just announced a major deal with Gap that will have the rap superstar designing hoodies and T-shirts to be sold in the chain’s 1,100 stores around the world. (A representative for Yeezy didn’t immediately respond to a request for comment.)Last weekend, West, a notable fan of President Donald Trump, tweeted that he was running for president.Some other well-known fashion and retail names whose businesses were pummeled by store shutdowns were also approved for loans. The list included high-end designers Oscar de la Renta and Vera Wang and suit maker Hickey Freeman. All their loans were in the -million-to- million range.___POLITICAL GROUPSThe Americans for Tax Reform Foundation, the nonprofit arm of the anti-tax lobbying group Americans for Tax Reform, was approved for a loan of up to 0,000. ATR, led by the anti-tax activist Grover Norquist, who has long supported a smaller federal government, said it didn’t oppose the PPP. It described the program “as compensation for a government taking during the shutdown.”The Center for Law and Social Policy, a research and advocacy group focused on policies supporting low-income Americans, was authorized for a loan of up to million, according to government data.___THE GIRL SCOUTSMore than 30 Girl Scout chapters across the country received PPP loans, the Treasury said. The Girl Scouts of Montana and Wyoming were approved for between 0,000 and million.___JIM JUSTICE, BILLIONAIRE GOVERNORWest Virginia Gov. Jim Justice’s family companies received at least .3 million from the program.Justice, a Republican, is considered to be West Virginia’s richest person through his ownership of dozens of coal and agricultural businesses, many of which have been sued for unpaid debts. At least six Justice family businesses were approved for loans, including The Greenbrier Sporting Club, an exclusive club attached to a lavish resort that Justice owns called The Greenbrier.Justice, a billionaire, acknowledged last week that his private companies received money from the program but said he didn’t know the dollar amounts. A representative for the governor’s family companies didn’t immediately return emails seeking comment.___RESTAURANT CHAINSTGI Fridays and P.F. Chang’s China Bistro were among the major restaurant chains that were approved for loans.Dallas-based TGI Fridays, which has around 500 restaurants nationwide, obtained between million and million in loans from the program. In 2014, TGI Fridays was bought by the the New York private equity firm TriArtisan Capital Advisors. That firm also owns P.F. Chang’s China Bistro, which was also approved for a loan.Though the PPP program was designed to help small businesses, big hotel and restaurant chains were also allowed to apply. A message seeking comment was left with TGI Fridays.P.F. Chang’s China Bistro says a PPP loan helped it keep 12,000 workers employed and transition its restaurants to carry-out-only during the coronavirus pandemic. Scottsdale, Arizona-based P.F. Chang’s, which has more than 210 restaurants around the country, was approved for between million and million from the PPP program, according to the government data. 6458

The next few weeks mark the beginning of serious financial uncertainty for millions of people, because a slew of debt, from income tax payments to several months of rent, are going to be due at the same time. “It is going to be a perfect storm of financial difficulty for many, many people,” said Andrea Bopp Stark, an attorney at the National Consumer Law Center (NCLC).The center recommends three steps for anyone that finds themselves in a financially difficult situation regarding debt.Step one: create a list of priority bills and debt to pay off. “People are going to be barraged with debt collectors calling and trying to get them to pay on a medical debt or a credit card debt, but those debts are less important,” said Stark. “Pay debts that if you didn’t pay them it would cause immediate harm to your family.”Those are things like your rent and a car payment, especially if you need your car to go to work.“If you have a judgment against you, a court judgment against you for a debt, it is important to try and make a payment plan to pay that because creditor could issue a garnishment against your wages,” Stark added. Step two: contact your lender to make a payment plan on those priority debts.“We are seeing data come in that there are people who are delinquent and don’t have a forbearance agreement when they could very easily be in a forbearance agreement,” Stark added. “I know wait times on the phone are horrible right now, but you have to be persistent and get through and find out what help is available.”Data collected by the U.S. Census shows that delinquency rates are higher in communities of color.“It is mostly Black and Latinx borrowers who are not getting these forbearance agreements,” said Stark. “Whether they don’t know about it or nobody is reaching out to them to let them know this is available, we don’t know why but that is a population that is going to be disparately impacted and has already been disparately impacted by this whole crisis.”Step three: find a way to stick to your prioritized debt list. “It may sound obvious but if you have it on paper and you have created a budget, stick that to the refrigerator or wherever, then you know these are the priority spending items,” said Stark. “If your son or daughter say, ‘Oh, I want this or that,' ‘no, look at the fridge these are our priority spending items, sorry.’” Because every situation may not be solved in three steps, the NCLC has now made its in-depth guide to Surviving Debt available for free. It has template letters to send to debt collectors and hundreds of pages of help to get you through this tough time. 2626