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There's outrage among Michiganders waiting for unemployment benefits after learning a state employee allegedly teamed up with his barber's wife and stole over a million dollars in unemployment money.This is a horrific case of greed, especially with so many people depending on that money, and now finding out a state employee was benefiting at their expense.“It’s just heartbreaking to think about. It’s just like they don’t have a conscience,” said Melissa Filar.Filar has been waiting 14 weeks for unemployment and after learning a state employee is accused of taking over a million dollars in aid she says, “the hits just keep coming.”“There are a lot of horrible people out there; I think they’re really selfish," Filar said. "They probably see this as a golden opportunity to get rich."Federal prosecutors says 41-year-old Jermaine Rose, a claims examiner with the state unemployment insurance agency, teamed up with his barber's wife, 36-year-old Serenity Poynter, to steal more than a million dollars in unemployment aid meant for people in need.“They’re diverting the money and using it for their own greedy purposes and that is really sad, because right now we are at a time where thousands of people in Michigan are out of work because of the pandemic,” said U.S Attorney Mathew Schneider.The feds say Poynter filed more than a dozen fraudulent claims using different social security numbers, and also different names.“When you steal money from the unemployment system, you’re really stealing money from the people who need it and that money can go to pay for bread, for milk for food,” Schneider said.Rose and Poynter are charged with mail and wire fraud and theft of government funds, punishable up to 20 years. For Michiganders like Filar, still waiting for unemployment, she says more needs to be done to take care of people who are struggling.“I’m like going through my entire life savings and I have no money coming in right now," she said. "I am an artist. I do commissions but it’s peanuts compared to what I have to spend. So, it’s like I don’t know what to do."Rose is the second state employee charged in a scheme to steal pandemic aid from people who lost their jobs.This story was originally published by Alan Campbell at WXYZ. 2258
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
Traveling now carries with it more uncertainty than ever before. If you plan on traveling anytime soon, one thing you can do to protect yourself is get a trip insurance policy that includes coronavirus coverage. Previously, many insurers excluded COVID-related claims due to the virus’ status as a foreseen event/pandemic. But now, some insurers are changing their tune. Here’s what you need to know about how to find travel insurance providers that offer coronavirus-related coverage, as well as what is and isn’t covered.What is coveredCoronavirus coverage falls into several categories:Trip cancellation: You need to cancel a trip prior to departure because you, a covered travel companion or possibly someone you need to care for contracted COVID-19.Trip delay: Your trip is delayed due to changing COVID-related guidelines.Travel medical coverage: You (or a covered travel companion) become ill with COVID-19 while traveling abroad and incur health care expenses or require an evacuation.Of providers that are offering COVID policies, most are covering these expenses.What is not coveredCountries with Level 4 travel advisories: Some insurers disclose that if a Level 4 Do Not Travel advisory is issued by the U.S. Department of State for a specific country, you will not receive coronavirus-related coverage. With cases surging in various countries unexpectedly, the list of Level 4 countries is constantly changing. Before booking a trip and purchasing a policy, make sure to check that the countrydoes not have a Level 4 advisory.Fear of getting sick while traveling: Canceling a trip because you’re afraid you’ll get sick does not qualify for coverage under your travel insurance policy. Travel insurance providers have a list of standard reasons that qualify for cancellation, including: car accident, jury duty, terrorist act, military duty and other extenuating circumstances. If you want ultimate flexibility to cancel a trip (no matter the reason), you’ll want to look into the cancel for any reason, or CFAR, supplemental upgrade, which is offered on some travel insurance plans. When you purchase CFAR, you can get up to 75% of your nonrefundable deposit back as long as you cancel at least two days in advance. Not all plans offer CFAR as an option, so research before you purchase if you’re interested in this add-on.COVID-related events not directly related to you: If you planned on going to a conference or a family reunion that was canceled due to COVID-associated concerns, your travel insurer will not reimburse your nonrefundable flight or hotel accommodations.Finding travel insurers covering COVID-19Generally, the policies underwritten by U.S.-based travel insurance providers vary by state, trip information, travelers’ ages and other various details. Travel insurance comparison site Squaremouth is one of the very few comparison sites that allow you to filter by policies that offer coronavirus coverage.To find a policy that specifically covers coronavirus-related losses, input your departure and return dates, your main destination and select “Search for Policies Now.”In our example, we will input the following details: A ,000 paid-in-full trip to Greece leaving on Oct. 9 and returning on Oct. 18 by a 40-year old U.S. citizen who is a resident of California. The policy will include trip cancellation coverage.When incorporating the “Coronavirus Pandemic” filter, the results reveal that 40 out of 84 policies include this coverage. You can select additional filters, such as cancel for any reason, if you’re looking for that optional upgrade.The results can be sorted by price, top sellers, top reviews and insurance providers, offering plenty of ways to easily search for the specific policy you’re looking for.Each of the top three policies (which is just a sampling of the 40 options) includes coronavirus cancellation and medical coverage, and displays the associated limits. Trip cancellation coverage is ,000, representing the value of the trip. The price of the policy is clearly stated and ranges from 4.1% to 5.4% of the total trip cost. This range represents very typical travel insurance costs.The bottom lineOnce you narrow your search, you’ll want to review the full policy details to ensure you’re familiar with what exactly is covered and not covered. If you have specific questions — especially as they relate to the constantly changing travel advisories or whether coronavirus is considered as a foreseen event (which some providers will not cover) — you’ll want to reach out to the insurer. The last thing you want is to purchase travel insurance and later find out it will not cover you in your intended destination.More From NerdWalletWhy You Shouldn’t Book Airfare in Advance Right NowShould I Pay for My Hotel Using Cash, Points or Both?5 Travel Writers ‘Draft’ Their Favorite AirlinesElina Geller is a writer at NerdWallet. Email: egeller@nerdwallet.com. Twitter: @elina_geller. 4952
TORRANCE, Calif. (CNS) - Police Monday announced the arrest of a 47-year-old parolee accused in the shooting deaths of three men during a fight at a bowling alley in Torrance.The arrest of Reginald Wallace of Los Angeles, who had been on parole since 2017 following a conviction for assault with a deadly weapon involving a firearm, was announced by Torrance police Chief Eve Irvine at a Monday afternoon news conference at police headquarters.Wallace was arrested early Sunday and was being held without bail at the Twin Towers Correctional Facility, according to sheriff's inmate records. Officers responded to a shots-fired call just before midnight Friday at Gable House Bowl, 22501 Hawthorne Blvd. Three men were pronounced dead at the scene and two others were taken to a hospital for treatment of their injuries. Two other men sought medical attention on their own.Irvine said a fight involving a few people grew into a brawl involving as many as 15. At some point, Wallace pulled a handgun from his pocket and fired into the crowd, Irvine alleged, adding that he was believed to have been the only shooter.Witness Dana Scott previously told reporters that a group of women got into a fight inside the building, then some men got involved. About a minute later, gunshots erupted, Scott said.Another witness, who refused to give his name, said a fight erupted and he heard nine gunshots.Wes Hamad, a 29-year-old Torrance resident, said he saw a ``huge fight'' break out that lasted about five minutes, blocked the entrance of the bowling alley and devolved into ``complete chaos.''``I grabbed my niece and started running toward the far end of the bowling alley,'' he said. ``As we were running, we heard 15 shots.'' Killed were Michael Radford, 20, and Robert ``Tank'' Meekins and Astin Edwards, both 28 and best friends. Meekins leaves behind a 5-year-old son, whose godfather was Edwards.``When I go home and tell him that his daddy's not coming back, it's going to break his heart because he's a daddy's boy, always has been,'' said Meekins' mother, Anglean Hubbard. ``And I wonder the person that sat up here and took all of these people's lives, how is he sleeping? How is he dealing with that? He took somebody's father. Somebody's son. I just want justice for my son and all the people in there.''Relatives of all three victims told reporters they believed the men were killed while trying to break up the fight. No employees of the bowling alley, a community fixture for about five decades, were injured, Harris said.Torrance Mayor Pat Furey described the shooting as ``horrible'' in a social media post.Rep. Maxine Waters, D-Los Angeles, issued a statement Monday morning saying she was ``deeply saddened'' to learn of the shooting at Gable House Bowl.``This shooting weighs heavily on my heart, as it took place right outside of my district in a bowling alley that should be a place for fun and celebration for members of our community,'' the lawmaker said. ``I extend my deepest sympathies to the victims, their families, and all those who have been impacted by this shooting. I would also like to thank the Torrance Police Department, first responders, and staff of the Gable House Bowl for their bravery and response to this incident.'' 3264
TOKYO — Shinzo Abe, Japan’s longest-serving prime minister, says he will resign because a chronic illness has resurfaced. Concerns about Abe’s health began this summer and grew this month when he visited a Tokyo hospital two weeks in a row for unspecified health checkups. Abe has acknowledged having ulcerative colitis since he was a teenager and has said the condition was controlled with treatment. Abe, whose term ends in September 2021, is expected to stay on until a new party leader is elected and formally approved by the parliament.Abe's resignation will mark the end of his second term. He served as prime minister from September 2006 to September 2007 before resigning due to health problems. He assumed office for his second term in December 2012. 767