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Florida State University notified students Wednesday afternoon that Spring Break 2021 is canceled.FSU said the move is in an effort to keep students and staff safe and healthy.Under the new plan, the Spring semester will begin on January 6, 2021, the first three days of which will be taught remotely.As a result of canceling Spring Break the Spring semester will now end on April 23, 2021, a week earlier than planned.The letter reads as follows:"As our highest priority remains the health and safety of our students, faculty and staff, Florida State University has adopted a new calendar for the Spring 2021 semester.The semester will still begin Wednesday, Jan. 6, 2021, however, the first three days of classes will be taught remotely. The university has canceled Spring Break in 2021. As a result, the semester will end Friday, April 23, 2021, a week earlier than originally planned.The university continues its efforts to mitigate the spread of COVID-19, and we believe these adjustments will reduce the potential for members of the campus community to return to Tallahassee with the virus after traveling during spring break.Thank you for your patience and flexibility as we work together to provide a healthier and safer environment for the entire campus community."This story was first reported by WTXL in Tallahassee, Florida. 1344
Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149

Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113
For the fourth time in its history, the Oscars are being postponed. The Academy of Motion Picture Arts and Sciences said Monday that the 93rd Academy Awards will now be held on April 25, 2021, eight weeks later than originally planned because of the pandemic’s effects on the movie industry. The Academy’s Board of Governors also decided to extend the eligibility window beyond the calendar year to Feb. 28, 2021. Other entertainment industry awards shows are also in flux, like the Tony Awards. The 74th Tony Awards, originally set for June 7, has been postponed indefinitely. 585
FREMONT, Calif. (AP) — Police say officers arrested five teenagers Thanksgiving night on suspicion of robbing a San Francisco Bay Area Target and firing shot at security guards before fleeing in a car.The Fremont Police Department says in a statement Friday that officers responded late Thursday to the store at a Fremont shopping mall after several reports of shots fired.It says the teens ranging in age from 17 to 19 stole video games and other items and that when a getaway car arrived, one of them fired multiple rounds into the air as the suspects piled into the car and fled.Officers gave chase in a brief pursuit that ended after the car stopped and one of the suspects tried to flee on foot.The department says officers arrested that teenager and the other four and recovered a gun and the stolen items from the car. 833
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