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There is a good chance this pandemic is having you go to the gas station less often. Fewer trips to the store, after all, means fewer fill-ups.While that may be good for your wallet, it's bad news for governments who rely on gas taxes to fund transportation construction projects. THE ISSUEFor every gallon of gas you buy, 18 cents goes to the federal government and the Highway Trust Fund. That money is then used to pay for transportation projects around the country. Additionally, each state imposes their own gas tax which can range from 14 cents to 57 cents per gallon of fuel. States use that money to fund transportation projects of their own. Simple economics suggest that when Americans drive less, there will be a loss in revenue for states. States are also losing money with sales taxes, tolls and DMV registrations, which is making a problem even worse. WHAT'S BEING CANCELED"The state is collecting less of that money," Alison Black, Chief Economist with the American Road & Transportation Builders Association, said. Black's organization has been tracking which states are cutting projects.Currently, 14 states have announced project delays or cancellations, valued at nearly .5 billion. These include Florida, Georgia, Hawaii, Kentucky, Mississippi, Missouri, Nevada, New Mexico, North Carolina, Ohio, Pennsylvania, Vermont, Washington, and West Virginia. There are 19 local governments and authorities that have announced project delays or cancellations, totally more than .54 billion. Ten states or local areas have vetoed, canceled, or postponed legislative initiatives or ballot measures related to transportation funding because of the pandemic. This includes several major initiatives in California's self-help counties. RELIEF COMING?Many states are lobbying for Congress for a bailout, but that is far from certain. While President Donald Trump, this week, did cut environmental regulations to speed up infrastructure projects, his announcement doesn't address the funding gap. 2017

THOUSAND OAKS, Calif. — Actor Kirk Cameron held a “peaceful protest” against coronavirus pandemic restrictions Sunday, getting together hundreds of people in Southern California to sing Christmas carols.Video shared on Cameron’s Facebook page shows a large crowd, tightly packed without masks, singing carols with musicians at a mall parking lot in Thousand Oaks. At one point, Cameron tilts the camera down to himself and gives a thumbs up. 449

There’s no end in sight to the coronavirus pandemic, Dr. Anthony Fauci and other top government health experts told Congress on Friday.“While it remains unclear how long the pandemic will last, COVID-19 activity will likely continue for some time,” Fauci, along with Centers for Disease Control and Prevention head Dr. Robert Redfield and Health and Human Services testing czar Adm. Brett Giroir said in prepared testimony for a special House panel investigating the pandemic.At a time when early progress seems to have been lost and uncertainty clouds the nation’s path forward, Fauci, the government’s top infectious disease expert, is calling on lawmakers — and all other Americans — to go back to public health basics such as social distancing and wearing masks.During Friday's hearing, Fauci was asked why Europe appeared to be handling the crisis better than the United States. He explained that the U.S. lockdown wasn't as restrictive and that the country reopened too quickly."We really only functionally shut down about 50 percent in terms of the totality of the country," Fauci said. He added that while Europe dropped down to just a few thousand new cases a day, the U.S. bottomed out at 20,000 new cases a day, which created a difficult baseline with which to work.Fauci also faced a series of questions from Rep. Jim Jordan, R-Ohio, regarding the spread of the virus and ongoing protests against systemic racism. Jordan asked Fauci directly if "protests should be shut down," the way some churches and businesses were earlier this year.Fauci responded by saying that people should be avoiding crowds, no matter the situation."It's not a judgment, it's a public health statement," he said.Fauci also gave encouraging comments regarding the development of a COVID-19 vaccine. He reiterated his hopes that a vaccine could be ready by the end of the year, and said that about 250,000 people had signed up to participate in vaccine trials.The panel, the House Select Subcommittee on the Coronavirus Crisis, remains divided about how to reopen schools and businesses, mirroring divisions among Americans.A rebound of cases across the South and the West has dashed hopes for a quick return to normal life. Problems with the availability and timeliness of testing continue to be reported. And the race for a vaccine, though progressing rapidly, has yet to deliver a breakthrough.Fauci’s public message in recent days has been that Americans can’t afford a devil-may-care attitude toward COVID-19 and need to double down on basic measures such as wearing masks in public, keeping their distance from others and avoiding crowds and indoor spaces such as bars. That’s echoed by Redfield and Giroir, though they are far less prominent.Fauci’s dogged persistence has drawn the ire of some of President Donald Trump’s supporters and prompted a new round of calls for his firing. But the veteran of battles against AIDS and Ebola has stuck to his message, while carefully avoiding open confrontations with the Trump White House.In an interview with The Associated Press earlier this week, Fauci said he was “disturbed” by the flat-out opposition in parts of the country to wearing masks as a public health protective measure.“There are certain fundamentals,” he said, “the staples of what you need to do ... one is universal wearing of masks.”Public health experts say masks help prevent an infected person who has yet to develop symptoms from passing the virus to others. For mask wearers, there’s also some evidence that they can offer a degree of protection from an infected person nearby.Fauci said in his AP interview that he’s concerned because the U.S. has not followed the track of Asian and European nations also hit hard by the coronavirus.Other countries that shut down their economies knocked back uncontrolled spread and settled into a pattern of relatively few new cases, although they continued to experience local outbreaks.The U.S. also knocked back the initial spread, but it never got the background level of new cases quite as low. And the resurgence of COVID-19 in the Sunbelt in recent weeks has driven the number of new daily cases back up into the 60,000-70,000 range. It coincided with economic reopening and a return to social gatherings, particularly among younger adults. Growing numbers of emergency room visits, hospitalizations and deaths have followed as grim consequences.Nearly 4.5 million Americans have been been infected since the start of the pandemic, and more than 150,000 have died, according to figures compiled by Johns Hopkins University.Fauci said there’s evidence the surge across the South may be peaking, but upticks in the Midwest are now a concern.“They’ve really got to jump all over that because if they don’t then you might see the surge we saw in some of the Southern states,” he told the AP.Though Fauci gets push-back from White House officials, other medical experts in the administration are on the same page when it comes to the public health message.Giroir, the testing czar, told reporters Thursday: “I think it’s very important to make sure that we all spread the public health message that we can control all the outbreaks occurring right now.”He said controlling the outbreaks will require people to wear masks, avoid crowded indoor spaces and wash their hands frequently. 5343

Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867

There's something different about this year's Geneva Motor Show: The "booth babes" are almost all gone.For decades, automakers have paid glamorous and often scantily clad female models to appear at major auto shows and pose for photos next to their new cars.But the practice is quickly being abandoned in the era of #MeToo, with carmakers now choosing other ways to attract a crowd at motor shows.  411

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