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The first tropical system to slam the US this year is expected to make landfall as a hurricane. But days before landfall, it's already walloping New Orleans with widespread flooding.The National Hurricane Center predicts Tropical Storm Barry will form in the Gulf of Mexico by Thursday and strengthen to a hurricane by Saturday, when it's expected to make landfall in Louisiana. The tropical system has already spawned its first tornado warning and flash flood emergency, both in the New Orleans area.New Orleans resident Angela Catalano, whose house is already flooded, said she's worried about what's next."We took in about 2 feet of water in our basement/ground floor level," Catalano said. "I'm very concerned about the impending storm, with the Mississippi River near flood stage. I'm very worried about more flooding."Indeed, the worst is yet to come. Louisiana Gov. John Bel Edwards said about 10 to 15 inches of rain could fall within 24 hours between Friday and Saturday. Edwards declared a state of emergency Wednesday for all of Louisiana in preparation for the impact of the low-pressure system."That is a short time period for such an intense" rainfall, Edwards said.Even worse: The slow-moving storm is crawling at about 3 to 5 mph, the governor said. That means it could hover over the same place for long time, dumping rain relentlessly.Forecasters warned drivers to stay off flooded roads."A FLASH FLOOD EMERGENCY has been issued for Jefferson Parish! 4 to 6 inches have already fallen and 2 - 3 more is anticipated," the National Weather Service's New Orleans office tweeted. "Please do not drive in flooded roads! Seek higher ground if flooding!"New Orleans City Hall closed Wednesday as the ferocious weather kept pounding the city."As always during hurricane season, residents are reminded to review emergency plans, gather emergency supplies, and stay informed," Mayor LaToya Cantrell's office said. "Hurricane preparedness information is available at 1987

The fiancé of missing Colorado mother Kelsey Berreth was arrested Friday morning, a law enforcement source involved in the investigation said. Authorities arrested Patrick Frazee nearly one month after Berreth, the mother of his 1-year-old daughter, 262

The 116th class of Congress broke barriers before its members even set foot in Washington.One example: Rep.-elect Ilhan Omar, a Minnesota Democrat who will be the first Somali-American member of Congress, noted the history of her election on Twitter on Wednesday night."23 years ago, from a refugee camp in Kenya, my father and I arrived at an airport in Washington DC," 383

The City of Chicago announced it is taking actor Jussie Smollett to civil court in order to recoup 0,000 in investigation costs after the city's police department accused the actor of staging a hate crime, WGN-TV 228

The coronavirus pandemic has sent the U.S. financial markets on a downward spiral. Last week, in just one day, the Dow Jones Industrial saw a 13 percent drop; it’s single biggest drop ever. “A lot of people are scared,” said Kelly Lannan with Fidelity Investments. “They don’t quite know what they are seeing, especially the average investor who is not following day to day.”Lannan explained most people looking at their 401k accounts are worried but advises people to put their market fears and emotions aside. “Market volatility can really be nerve-racking,” Lannan explained. “We get it from Fidelity investments perspective, and more importantly, we are here to help.”Fidelity is advising the best move right now may be no move at all. Referencing social media posts with the phase “don’t touch your face, don’t touch your 401k,” she explains most investors shouldn’t panic and divest their stocks during the economic downturn during the COVID-19 pandemic.“The most important thing to say, and I know this is really hard to hear, is not to panic,” Lannan explained. “This is a part of life, and the important thing to note, as we saw in 2008, is these downturns are usually followed by a recovery.”Not divesting doesn’t mean ignoring your investments and portfolio. In fact, Lannan believes those concerned about their portfolios and 401k’s should use this time to get more familiar with their investment plan and goals. She recommends a few steps in that review process: · Step One: Understand where you have your money by taking a look at your asset allocation and assess if it aligns with your age and your time horizon. If it does not, start making a plan to restructure your investments when the market starts to recover. · Step Two: Assess whether you have a diversified investment strategy. Diversification helps to soften the impact during market downturns. For those who have an employer sponsored retirement plan, you can reach out to your plan sponsor and ask question or get guidance on this. · Step Three: Take a look at your emergency fund. Fidelity recommends having three to six months of your essential expenses in savings. If you don’t have that and are concerned with possible unemployment due to the economic downturn, start to assess which investments you could move money from. Making a move, in terms of selling off your stocks, may not be the best decision now. However, better understanding your investment portfolio may help you make a better investment decision when the markets recover or even calm your concerns as they struggle during this downturn. “We know from behavioral finance that people make really, really bad decisions when they panic,” said Robert Stammers with the Charter Financial Analyst Institute. The CFA also recommends most invested in the stock market should hold off on divesting, especially if they have a long-term investment strategy. “If they do sell they’re going to be selling in a bad market,” Stammer explained. “They’re basically going to be doing what people tell you not to do, which is sell low and buy high, when the market comes back.”Historically, the market always rebounds. In 2008, it took five years, and in 2015 the market bounced back in about 13 months. Stammer pointed out, even with major downswings, overtime, those who stay invested still see an annual eight to nine percent return on average. “People did not think we’re going to get through the 2008 crisis,” Stammer said. “More than 60 percent said, ‘that’s it, this is never coming back, it is never going to be like this again.’ Then, after it did come back, the return on the market was like 17 percent.”The “stay the course” advice applies to mostly those with time to wait out the market. However, if you are closer to retirement, or in it, both Stammer and Lannan suggest you may want to get individual advice from a financial professional. When seeking help from a financial professional, it is wise to ask if that professional is a fiduciary, which is a financial advisor legally required to put your interest over theirs. Unfortunately, during economic downturns emotional investors are often easy targets for scammers or individuals selling financial instruments acting as financial advisors. The CFA has a 4263