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Tense protests over the death of George Floyd and other police killings of black men grew Saturday from New York to Tulsa to Los Angeles. Police cars were set ablaze in several cities, and officers used tear gas and rubber bullets to contain demonstrators as the country lurched toward another long night of unrest after months of coronavirus lockdowns.In Philadelphia, 382
The days of passengers bringing rabbits, turtles and birds on planes as emotional-support animals could be ending. The U.S. Department of Transportation on Wednesday proposed that only specially trained dogs qualify as service animals, which must be allowed in the cabin at no charge.Airlines could let passengers bring other animals on board, but hefty fees would apply. Airlines have complained that some passengers try to get their pets on board for free by claiming they need them for emotional support under the current rules. 543
The Air Force has cleared President Donald Trump's nominee to become vice chairman of the joint chiefs of staff of allegations of sexual misconduct, a senior military official directly familiar with the investigation told CNN Wednesday.The allegations surfaced in April shortly after four-star General John Hyten was nominated to be the President's second most senior military adviser.The official said no evidence or information had been found to substantiate nine allegations made against Hyten by a junior female officer.Two senior military officers confirmed to CNN that the officer has made similar allegations against other personnel in the past.The Pentagon issued a statement saying: "After a comprehensive investigation by the Air Force Office of Special Investigations, there was insufficient evidence to support any finding of misconduct on the part of General Hyten. General Hyten has cooperated with the investigation. With more than 38 years of service to our nation General Hyten has proven himself to be a principled and dedicated patriot."CNN has not been able to speak to the officer who made the allegations against Hyten.Questions have been raised about why a confirmation hearing for Hyten had not yet been scheduled, three months after he was nominated for the role.Hyten, who would take over from Air Force Gen. Paul Selva, is currently the head of US Strategic Command, which is critical in monitoring nuclear testing and missile launches around the world and advising the President, if needed, on nuclear launch options for the US.Officials tell CNN the allegations have caused dismay among dozens of officers who are uncertain if the administration will still support Hyten's nomination. There also questions over whether Hyten will want to proceed with a public confirmation hearing that may discuss the allegations even though the military has cleared him.Senators briefedMembers of the Senate Armed Services Committee were briefed on the results of the investigation on Wednesday morning. After that briefing took place a small number of reporters were briefed on the outcome as well.In a June 25 letter to acting Secretary of Defense Mark Esper, Democratic Sens. Elizabeth Warren and Tammy Duckworth -- who are both members of the committee -- criticized how the Air Force handled the case, saying "that he remains in command while under criminal investigation raises serious questions about whether the Department is affording General Hyten preferential treatment because of his rank and pending nomination."It's not clear if Wednesday's briefing alleviated the concerns raised in the letter but a Senate staffer confirmed that Hyten's accuser has contacted members of the committee.CNN has contacted members of the committee for their reaction to the briefing but has not heard back.The Pentagon has not issued any formal statement on the status of Hyten's nomination. "We have not received any change in his status," said Col. DeDe Halfill, a Pentagon spokesperson.The news of the investigation comes as the Pentagon continues to operate without a Senate-confirmed secretary of defense. Many other senior military positions remain unfilled or are filled by officials in acting roles.Those vacancies are a reflection of the Department of Defense's ongoing struggle to establish an unprecedented transition plan aimed at ensuring continuity of leadership at the highest levels while there is still no confirmed secretary of defense following the dramatic implosion of Patrick Shanahan's nomination last month.Nine allegations madeThe investigation examined allegations made by the female officer concerning what she claimed were nine incidents that occurred between February 2017 and February 2018. The senior military official said, "In early April we received allegations of abusive sexual contact and inappropriate relationship against General Hyten" after his nomination was made public. The Air Force Office of Special Investigations initiated a criminal investigation on April 15."The official noted that criminal investigations do not take a position on substantiating allegations but simply report evidence and facts learned. The evidence and facts were then reported to another four-star general who reviewed the report and had the authority to convene a court martial or engage in disciplinary action. That officer -- Gen. James Holmes, head of the Air Combat Command -- declined to take any action, ruling that there was insufficient evidence and facts to substantiate the allegations."The court martial convening authority considered the facts in the report and based on the advice of their counsel decided that there was insufficient evidence to profer any charges against General Hyten or to recommend administrative action against the general," the senior military official told reporters.The senior official was adamant that the woman's allegations were taken seriously and procedures were followed and they also said no evidence was presented that warranted re-assigning Hyten during the investigation."Every single lead that we've been provided, we went and looked at it. Every single rock that we thought we should look under for investigative sufficiency just as a matter of practice, we've looked under. Anything that anyone pointed to and said you might want to do this or you might want to do that, to date we a have looked at," another senior official said."At this point, we've conducted an exhaustive investigation, talked to 53 witnesses across three countries and 13 states, reviewed tens of thousands of emails, interviewed folks that were closest to the alleged incidents, and we're just out of rocks to turn over, it's that exhaustive," they added. 5722
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
The NCAA has announced that all winter and spring championships for this academic year have been canceled, which includes the men's and women's basketball tournaments, which were slated to begin next week. The announcement also impacts other major tournaments such as the Frozen Four and the College World Series.The move was made as coronavirus cases spread nationally. The announcement also comes as MLB, MLS, NHL and NBA all have decided to postpone contests indefinitely. The NCAA released the following statement:"Today, NCAA President Mark Emmert and the Board of Governors canceled the Division I men’s and women’s 2020 basketball tournaments, as well as all remaining winter and spring NCAA championships. This decision is based on the evolving COVID-19 public health threat, our ability to ensure the events do not contribute to spread of the pandemic, and the impracticality of hosting such events at any time during this academic year given ongoing decisions by other entities." 1001