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The head of the US Forest Service has resigned amid reports that the agency was looking into misconduct allegations against him."Many of you have seen the news reports which included the stories from women who told of their experiences with sexual harassment in the Forest Service. I admire their courage," Tony Tooke wrote in an email to employees.The email later adds, "In some of these news reports, you may have seen references to my own behavior in the past. This naturally raised questions about my record and prompted an investigation, which I requested and fully support, and with which I have cooperated."Tooke added: "I have been forthright during the review, but I cannot combat every inaccuracy that is reported in the news media. What I can control, however, are decisions I make today and the choice of a path for the future that is best for our employees, the Forest Service and the US Department of Agriculture. I must also think about what is best for my family. Therefore, I have decided that what is needed right now is for me to step down as Forest Service Chief and make way for a new leader that can ensure future success for all employees and the agency."PBS NewsHour, which recently published an investigation detailing sexual harassment at the Forest Service, first reported the news of his resignation Wednesday.The investigation into misconduct at the agency as a whole comes as the nation is facing a reckoning over sexual assault and harassment in the workplace.Congress has previously looked into harassment within the ranks of the US Department of Agriculture, of which the Forest Service is a part.Tooke's time as Forest Service chief began only recently, under President Donald Trump's tenure. Agriculture Secretary Sonny Perdue tapped Tooke to lead the agency in August 2017, but according to a news release from the time of the announcement, Tooke had worked for the Forest Service since he was a teenager.Perdue accepted Tooke's resignation Wednesday."Forest Service Chief Tony Tooke today tendered his resignation, which I accepted," Perdue wrote in a statement. "The Forest Service is filled with dedicated employees from across this nation who devote their lives to promoting healthy and productive forests for the benefit of taxpayers and our environment. In my experience, in order to effectively lead any organization, you must have the moral authority to inspire its members to work toward the goal of continuous improvement."  2483

The last year has been a challenging one for New York City, which was among the hardest hit areas in the world for coronavirus cases.Months after a spring surge of cases, schools closed and hospitals filled with coronavirus patients this week, as life is struggling to return to normal. One sign life isn’t back to normal is that next week’s Macy’s Thanksgiving Day Parade will be held without spectators.In honor of the front-line workers keeping New York City safe and healthy, Macy’s has decorated its storefront at its flagship store in Midtown Manhattan with the theme "Give, Love and Believe."The tradition of decorating the storefront dates back 146 years. Macy’s installed social distancing markers in front of the mural to space onlookers.The storefront is part of a broader theme of philanthropy at all Macy’s locations throughout the United States.All Macy’s locations will have a red mailbox where children can address letters to Santa. For each letter received by Macy’s addressed to Santa, the retailer will donate , up to million, to the Make-a-Wish Foundation.“Believe is a special moment for the Macy’s family each year,” said Lauren Anania, Macy’s Director of Cause Execution. “As we celebrate the wonder of giving, we feel privileged to support Make-A-Wish in its quest to grant the wishes of children in need. We are proud of the passion that our colleagues bring and grateful to our customers for turning this program into a tradition of endless generosity and community through the collection of millions of letters over the last 11 years.” 1575

The NFL Draft begins on Thursday, and this year's NFL Draft could contain one of the deepest pool of quarterbacks in Draft history. According to most NFL Draft experts, five college quarterbacks will likely be selected in the first round on Thursday. The group includes USC's Sam Darnold, Oklahoma's Baker Mayfield, Wyoming's Josh Allen, UCLA's Josh Rosen and Louisville's Lamar Jackson. The first team to pick on Thursday is Cleveland, who likely will select one of the five quarterbacks. Darnold and Mayfield are the leading candidates to be selected first overall, but Allen's stock has risen, and if he isn't selected by the Browns, he will likely still be a Top 10 draft choice. Here is what to look for this weekend:The basicsThe NFL Draft is being held in Dallas' AT&T Stadium. The first round will be Thursday, beginning at 8 p.m. Each teach will have 10 minutes to make a selection during the first round. Friday will have round Nos. 2 and 3, and Saturday will have round Nos. 3-7. Teams will have seven minutes per selection on Friday, and five minutes per selection in rounds 3-6, and four minutes per pick in the final round. Who will attend?All teams will send a small delegation to the draft site, which sometimes will include GMs, coaches, former players and team owners. Those delegations are in direct contact with team personnel at the team's home office, where scouts and coaches can freely deliberate options. Also, a small number of players are invited. This year, 22 players were officially invited to the draft. Those players will get to go on stage when their name is called, and be presented with a jersey, and meet with the media for interviews. Who should my team pick?In the first-round, unless it is a future franchise quarterback, a player who will have an immediate and noticeable impact. In the next few rounds, these players should hopefully compete for starting jobs as rookies. In the later rounds, teams pick players to round out rosters, and potentially compete for starting job. 2018 NFL Draft orderRound 1: 2102

The mayor of a California town says police are investigating after video widely shared on social media shows a woman making racist remarks about a Filipino American woman who was exercising in a local park.Patrick Furey, the mayor of Torrence, California, says the city is aware of the viral video."All visitors to our open spaces should always feel safe and free to exercise while practicing social distancing without conflict," he said, according to The Los Angeles Times. "Conduct like that displayed on the video cannot be tolerated."KABC-TV in Los Angeles adds that Furey said an investigation has been opened by police.The video was originally posted by Rachel Tennell on Twitter (@rmtennell). Tennell says the video shows her friend, who she later identified as "Sherry," being accosted by a white woman as she exercised in Torrence's Wilson Park."The next time you talk to me like that, you're going to get your a** kicked by my family. They're going to f*** you up," the woman yells as Sherry stretches."Go back to whatever f***ing Asian country you belong in," the woman later said.Tennell said that Sherry no longer feels safe working out in the park because of the incident.Later on, in her Twitter thread, Tennell shared a statement by Sherry."I never imagined my story would reach so many people, and I am happy to shed some light on the work that needs to be done in this country. As a Filipino American, I believe all people of color should be treated with humanity, dignity and respect," she wrote. "I stand in solidarity with all oppressed people who face discrimination and violence just because of their ethnicity, nationality, gender, gender-nonconformity and sexual orientation."Watch the viral video below.Warning: The video includes explicit and racist language. 1794

The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July.The 30-year fixed averaged 3.33% APR in the first four weeks of June, a smidgen lower than the 3.37% average APR in May and 3.36% in April. June’s rate average was the lowest in the four-year history of NerdWallet’s daily rate survey.A mission to reduce ratesMortgage rates were remarkably anchored from April through June after the Federal Reserve intervened to stabilize rates and push them down.But the Fed’s intervention hasn’t been entirely successful: Although mortgage rates have been remarkably stable, they’re stuck at a higher-than-expected level. To put it more bluntly, rates should be lower.Since March, the central bank has bought billions of dollars’ worth of Treasurys and mortgage bonds “to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions,” as the Fed explained in a June 10 statement.Dissecting that short passage:The Fed is saying that its goal is to push interest rates, including mortgage rates, lower. That’s what “transmission of monetary policy to broader financial conditions” means.It’s trying to accomplish that goal by buying Treasurys and mortgage bonds to calm and stabilize those markets. Stabilizing markets is a method, not the goal.? MORE: How mortgage rates are determinedFed failed to make a bigger splashThe Fed has succeeded in calming the waters. That’s why there were ripples, not waves, in fixed mortgage rates from April through June. But it has only partially succeeded in its goal to push interest rates lower. For the Fed to declare victory in “fostering effective transmission of monetary policy to broader financial conditions,” mortgage rates would have to fall another half a percentage point or so.With its intervention, the Fed decreased Treasury yields and mortgage rates. But the results are unequal: Since January, the 10-year Treasury yield has fallen a little over one percentage point, while the 30-year mortgage has fallen about half a percentage point. Normally, the two would fall roughly the same amount.Rates slow to sync with TreasurysWhy haven’t mortgage rates fallen further? You might guess that lenders are keeping rates elevated to offset the risk of mortgages going into default during the COVID-19 recession. But mortgage rates tend to fall during recessions.? MORE: What COVID-19 means for mortgage ratesMaybe mortgage servicers, the companies that collect monthly payments and work with past-due borrowers, want to be paid for the increased risk they bear, and it’s translating to higher rates. Maybe an undetected economic force keeps a floor on mortgage rates, preventing the 30-year fixed from falling below 3% and lingering there.A more plausible theory is that mortgage rates will follow historical patterns and shamble lower until they’ve fallen roughly the same as Treasury yields. That’s the conclusion that Bill Emmons, economist for the Federal Reserve Bank of St. Louis, makes in a paper titled “Why Haven’t Mortgage Rates Fallen Further?”Using history as a guide, Emmons writes, “we would expect a further decline in mortgage rates of perhaps 0.5 percentage points.” If he’s right, mortgage rates might drop in July.Don’t count on it, though. Not after these two months of stability; rates might continue to tread water.More From NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 3623

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