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AKRON, Ohio — More than 200 Ellet High School students received their diplomas Friday night at Akron Civic Theatre in Ohio. Among them was an 87-year-old man getting an honorary diploma, 70 years after he left school for the military.Floyd Edward Hoskins, known to friends and family members as Ed, left Ellet High School in 1949 at age 17 to join the military.“Three years, three months, 19 days,” Hoskins said of his total time in the Army. During that time, he said, he was supposed to serve in Korea but was sent to Alaska for two years instead.When he came home, Hoskins said he initially had trouble finding a job but eventually landed one at Goodyear Tire and Rubber, where he worked for “44 years, four months, three weeks and one day.”Hoskins moved to Hawaii two years ago to live with one of his sons and his daughter-in-law. His daughter-in-law, Cynthia Allen Hoskins, began doing some research into veterans’ benefits.“We are retired military, my husband and I,” Cynthia Allen Hoskins said. “And we were doing some research as far as our kids and their benefits in order to continue their college education.”She ran across information about the benefits the State of Ohio provides to veterans, where she learned her father-in-law might be eligible to receive his high school diploma. She inquired with his former school and found out he was eligible.“His reaction was kind of, ‘Ah, I don’t know if I really want to do this. It’s just a piece of paper,’ ” Cynthia Allen Hoskins said. “But after we explained to him, ‘Dad, you know, you really pushed education on us, we push it onto the grandkids. So why not?’ You know, if this is something that you deserve, go for it.”She said her father-in-law eventually came around to the idea.On Friday, when asked if he ever thought this day would come, Ed Hoskins said, “No, never.”“It’s an honor, but it’s scary,” he said, tearing up. “I’m not used to being in the limelight.”Decades older than his fellow graduates, Ed Hoskins received his diploma first, to loud applause. 2039
A U.S. cybersecurity company says Russian military agents successfully hacked the Ukrainan gas company at the center of the scandal involving President Donald Trump's efforts to dig up dirt on Democratic rival Joe Biden. Russian agents launched a phishing campaign in early November aimed at stealing login credentials for employees of Burisma Holdings, the gas company, according to Area 1, a Silicon Valley company that specializes in e-mail security. 466
American political leaders are grappling with a public health and economic maelstrom — as well as concerns for their own safety. President Donald Trump says his administration will ask Congress to pass payroll tax relief, as he looks to calm financial markets' fears over the impact of the new coronavirus epidemic. Trump told reporters Monday that the administration was seeking “very substantial relief."This, as fears about the coronavirus outbreak roil financial markets. The White House says it's conducting “business as usual,” playing down the political consequences of an epidemic that poses one of the greatest tests yet to Trump's administration. On Capitol Hill, at least five lawmakers are in self-quarantine as discussions continue on how to address the virus outbreak and economic volatility. Trump lashed out in tweets Monday, protesting the steep market drop and news that large public gatherings are being called off because of the virus.The current estimate of cases is around 650, with 26 coronavirus-related deaths. 1048
America's middle class families aren't the only ones having a tough time these days.Middle-income households are disappearing in developed countries around the world, according to a new report by the Organisation for Economic Co-operation and Development.The study, titled "Under Pressure: The Squeezed Middle Class," laid out a litany of problems affecting middle-income households. And it warned that this could have serious consequences for nations' economic growth and social fabric."Today the middle class looks increasingly like a boat in rocky waters," said OECD Secretary-General Angel Gurría. "Governments must listen to people's concerns and protect and promote middle-class living standards."The middle class has been under stress for years, helping fuel the rise of progressive Democrats in the United States, who are seeking to increase taxes on the rich to provide a stronger safety net — including universal health care. But while many presidential candidates point to Europe as a model, the OECD report shows that problems exist there too.The share of people in middle-income households in developed countries fell from 64% in the mid-1980s to only 61% by the mid-2010s. However the declines were larger in several countries, including the United States, Israel, Germany, Canada, Finland and Sweden.In the United States, just over 50% of the population is middle class, much smaller than most other developed countries.The report considers households earning between 75% and 200% of the median national income as middle class.Higher costs, less incomeRising income inequality is part of the reason for the trend. Over the past 30 years, median incomes in OECD countries increased a third less than the average income of the richest 10%, the report found.At the same time, costs are going up faster than inflation in the world's richest economies — making it harder for the middle class to keep up. Home prices, in particular, have been growing more than a third faster than median household income in recent decades. The middle class spent 32% of their budgets on housing in 2015, compared to 25% in 1985.More than one in five middle-income households spend more than they earn.The middle class has also been losing economic clout in OECD countries, which could ripple through societies. The total income of this group was about four times that of upper-income households in 1985. Thirty years later, the ratio fell to less than three."The investment of the middle class in education, health, and housing, their support for good quality public services, their intolerance of corruption, and their trust in others and in democratic institutions, are the very foundations of inclusive growth," the report said.Millennials struggle to make itYounger people are having a harder time achieving middle class status than those in previous generations. Being middle class once meant living in a comfortable house and affording a rewarding lifestyle, thanks to a stable job with career opportunities, the report said. It was also a basis from which families aspired to an even better future for their children.Close to 70% of the baby boomers were part of the middle class when they were in their 20s, compared to nearly 64% of Gen X but only 60% of millennials. Baby boomers also enjoyed more stable jobs during their working life than younger generations.Job insecurity is on the rise as labor markets transform amid increasing globalization and technological use. One in six current middle-income jobs face high risk of automation."These trends paint an uncertain picture for workers with middle incomes, in particular, those with low-medium skills in routine jobs," the report said.The OECD offers some suggestions for addressing the middle class squeeze, many of which match the talking points of progressive US candidates. They include lowering taxes on the middle class and increasing them on the wealthy, developing more affordable housing, helping young adults build wealth, containing the cost of education, child care and health and improving workers' skills and training.The-CNN-Wire? & ? 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved. 4198
Amazon has turned Prime Day into a summer shopping holiday — and rival retailers like Target want to claim a piece of that spending next week.Target is running "Deal Days" on Monday and Tuesday, July 15 and 16, the same dates as Amazon's two-day Prime Day event. Target said it will offer 40% off some furniture, 30% off some small appliances and cookware, and other deals on toys, sporting goods and bedding.Prime Day has become Amazon's annual summer show of force in the shopping world. Amazon uses the savings event to spotlight its own products and hook new members on Prime, its 9 annual free-shipping program. This year Amazon says Prime Day will include more than one million deals, such as steep discounts on its own Alexa-enabled devices.Target is looking to compete in part by playing up the fact that customers don't need a membership to score deals. This year's two-day event is an expansion: Target held a one-day sale last year, which it called "one of our biggest days of the year for online sales."Other retailers are trying to cash in next week, too.EBay made a more pointed reference to Amazon in its announcement, needling the company for its periodic website outages last year on Prime Day. EBay said it will launch a "Crash Sale" on July 15 to include "hot deals on top brands" over 50% off, with free shipping — and "if history repeats itself and Amazon crashes that day," eBay will add more deals.Nordstrom also hopes to capitalize on the summer version of Black Friday, albeit a few days after the Prime Day event. The company announced it will launch its two-week "anniversary sale" on July 19, with discounts on brands such as Topshop and Madewell. 1690