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Just weeks away from the New Year, economists and other experts are reflecting on the trajectory of our economic recovery. At the start of the pandemic, nine months ago, most experts were optimistic and agreed that the U.S. had a strong shot at seeing a fast V-shaped recovery.“We can turn this around this year. I still think there’s real hope for that,” Todd McCracken, with the Small Business Association, said in March.Even with some required government shutdowns, most experts believed the U.S. would most likely see a U-shaped recovery. That means things would pick up a little slower, but it would still be considered a relatively fast rebound.“There was also the L, which meant we were going to go down to the bottom and no one knew where we were going to go, and then there was the W, which meant we were going to go down and then we were going to come up, and actually, that is pretty much what is happening,” said Jonathan Drapkin, president and CEO of the Hudson Valley Pattern for Progress.Drapkin pointed out the other and more dreaded “W” or “L” scenarios experts feared back in March appear to be more in line with what the U.S. is actually experiencing now.“It’s definitely more of an L, said Elise Gould, an economist with the Economic Policy Institute.“Personally, I think any hope for a quick recovery has gone by the wayside. Over the last few months, we have actually seen the recovery slow. So, last month, we saw that we had a gain of 245,000 jobs, much lower than a month before that, lower than a month before that. And so, at this rate, we could be years away from a full recovery.”According to Bankrate senior economist Mark Hamrick, we could also be seeing both a swift recovery and a worsening one, simultaneously.“My sense for many months now has been that this has been a so-called K-shape recovery,” said Hamrick. “Why do we call it a K? Essentially, we have one leg moving up and the other moving down [and] that is indicative of this have and have-not economy.”Hamrick supported that idea and recovery trajectory by pointing out that unemployment levels for higher-income workers are back to pre-recession levels, while lower-income workers are still struggling with elevated levels of unemployment“My concern is that people who have been hurt by this economic downturn are not going to heal from this quickly,” explained Hamrick.However, while experts seem conflicted over what economic recovery pattern we are actually seeing now, all of them agree on one thing: the most successful way out of the alphabet soup of economic recovery paths and to normalcy is with a discovered vaccine and wide distribution of it.“The other thing that can truly help in the short-term is a stimulus package out of Washington,” added Drapkin. 2768
JACKSONVILLE, Fla. – Like its namesake, President Andrew Jackson, Jacksonville is a city where race plays a prominent role in its history.“We do have our issues,” said Isaiah Rumlin, president of the Jacksonville chapter of the NAACP.He said the city has known its share of unrest, dating back to the civil rights movement of the 1960s. He’s also concerned the same could happen during the Republican National Convention in August.“We know we're going to have some problems here and there's going to be some demonstration taking place,” Rumlin said.The head of the county’s GOP hopes that’s not the case.“It’s only divisive, if you choose to make it so,” said Dean Black, chairman of the Duval County, Florida Republican Party.President Trump is scheduled to give his renomination speech on August 27, 60 years to the day of a violent episode in Jacksonville’s civil rights movement.It’s known as Ax Handle Saturday.“It was just a bloody day in the city of Jacksonville,” Rumlin said. “And it will be a day that we will never forget.”What happened next is a disturbing part of Jacksonville’s history. On that August day in 1960, a group of about 200 white men – brandishing baseball bats and ax handles – attacked a group of African American protesters at a lunch counter sit-in. The violence eventually spread into a park and nearby streets, where the mob attacked any African Americans in sight.“It didn’t make any difference who you were. If you had black skin, you were attacked,” said Rodney Hurst, Sr., who survived Ax Handle Saturday.Hurst was a teenager then, participating in a lunch counter sit-in, when the violence began.“Our only option then was to run for safety because there was nothing,” he said. “There were no policemen downtown for protection of any kind, so we started running.”He later wrote a book about his experience, called “It Was Never About a Hot Dog and a Coke.”“The title, ‘It Was Never About a Hot Dog and a Coke,’ simply means that it was about human dignity and respect,” he said.A 60th anniversary commemoration of Ax Handle Saturday has long been planned in the downtown park where it took place. Organizers said the RNC being in town at the same time won’t change that.“The Republican Party has connected Donald Trump’s acceptance speech in an inextricable way to the anniversary of Ax Handle Saturday,” Hurst said. “We don’t mind. If you want to do something on August 27, that’s fine. What we’re commemorating happened 60 years ago.”It’s an incident that, despite the passage of time, remains very much in the present.Just last week, the city of Jacksonville removed a Confederate monument from the public park where violence occurred on Ax Handle Saturday in 1960. The school district there is also now looking at whether schools named after confederate leaders will be renamed. 2826
Join 10News and March of Dimes as we march for all healthy babies. March for Babies? is a day for everyone. Together we hope for a day when all moms and babies are healthy. We remember those babies we lost. We celebrate every baby. Families, businesses, and volunteers dedicated to the fight for the health of all moms and babies take part in March for Babies, March of Dimes biggest annual fundraising event. In San Diego, much of those funds raised locally go to research, leading programs and providing education and advocacy, much of it right here in our community supporting organizations like UCSD NeoNatal, Rady Childrens’ Hospital or The Salk Institute.Each walk distance is 3.5 miles along beautiful routes within the parks. Registration: 7:00 a.m. Start: 8:00a.m. Sunday, April 23rdMance Buchanon Park 871
JULIAN, Calif. -- There was a light dusting of snow on Mt. Laguna and temperatures below freezing Tuesday.Tom is a co-owner of Laguna Mountain Lodge co-owner. He told 10News, "Well, it got really cold, dropped down to about 22 and wind was just howlin' and then I got up about 5 this morning and the wind had died and there was a coating of snow; beautiful."It hasn't been exceptionally busy at the lodge; it usually takes a heavier snowfall to bring the crowds.It's also dangerous, he told us."It was pretty icy this morning; the roads were real bad." A pick-up truck slid off the road on hiway 79 near Santa Ysabel. No one was hurt.The light storm left the area with nice scenery. "It's fun. I like the snow; like weather you can see." 767
Jon Stewart has been done with "The Daily Show" for years, but he's still one of the strongest media critics around.In a new interview with CNN's Christiane Amanpour, Stewart chided journalists for taking President Trump's "bait" and taking his anti-media attacks too personally.First, Stewart shared a familiar critique: That Trump is "giving you all cash," that he's helping the bottom lines of media companies due to the unending news and debate about all things Trump.While that might be an issue for news executives, Amanpour said, journalists "believe that our job is to navigate the truth and to do the fact-checking and all the rest of it." 656