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Those wanting to save some money by purchasing a used car may be in for sticker shock. The used vehicle market is seeing an “unseasonal sharp uptick due to unique market conditions” because of the coronavirus pandemic.This also means those with a used car sitting around could get top dollar for a trade-in or sale.Edmunds, which has been tracking automotive trends since the 60s, says the average used car listing price was 8 more in July than in June. Large trucks had the biggest one-month jump, with listing prices ,301 more in July than in June.Meanwhile, trade-ins are, on average, seeing 16.4 percent more value in July compared to June. And those used vehicles are not sticking around on the lots for long. In June, it was taking an average of 44 days to turn around a used car, and in July, it was down to 38 days. This is the steepest one-month decline in Edmunds history of keeping records."It's a seller's market right now. Although used vehicles continue to offer significant discounts compared to new, used-car shoppers will find themselves in the unusual position where they might not have as much negotiation power because demand is so high and dealers will be less inclined to be flexible," said Ivan Drury, Edmunds' senior manager of insights in a release from the company."If you're in the market for a used car, what you see in terms of pricing is likely what you're going to get, so do your research and be prepared to act quickly if you have your heart set on a vehicle."The reason behind the sharp increase in demand for used vehicles is for a variety of pandemic-related causes, says Drury.Consumers are being more cost-conscious right now as unemployment is high, interest rates and offers from dealers are favorable for car buying, and inventory has been “severely limited on the new side.”Automakers closed their factories for several weeks earlier this year as states issued stay-at-home orders to control the coronavirus pandemic. That led to a decline in inventory for new vehicles.Edmunds recommends buyers and sellers/traders do their homework and find out what the value of their specific vehicle is. 2146
There’s a nationwide debate about whether the U.S. should find ways to get the coal industry back up or train workers for new jobs.In eastern Kentucky, families were rocked by a regional recession when the coal industry took a big hit seven years ago.'Their exact words were, 'Due to the decline in the coal market, we're going to have to let you go,' and suddenly I found myself in a place where I had no idea what to do,” said James Johnson, who was let go in 2014.Johnson, who worked as a coal truck supplier in Pikeville, Kentucky, was left at a crossroad. But Johnson found a way to stay in his hometown.He went from coal to coding."Going on four years later, we're still hanging in here," says Johnson, who learned coding with several other former coal workers.Johnson's story isn't unique. It seems like everywhere you go in Pikeville, people are finding ways to survive, outside of the coal.About 21 percent of mining jobs have been eliminated statewide since 2016, forcing people to explore other industries.After nine years working in the mines, resident Harvey Maynard had to look for a new career after being laid off 10 months ago. His skills brought him to baking!"Right now, it's baking donuts!” says Maynard. “Which is a huge change.”Maynard doesn’t just bake—he even decorates, too."Even as a kid I loved to draw, paint, and color,” says Maynard. “I was always very artistic."New jobs are even moving to the small eastern Kentucky city to help. A new distillery opened one month ago; the owners wanted to build there, specifically to help hire coal miners who were out of work.It was a blessing for people like Michael Preston, who after 16 years of working in the coal industry, decided to go back to school. Preston got his associates in electrical technology, and now, he’s the maintenance manager at Dueling Barrels Distillery. It's a place you look forward to coming every morning,” says Preston. 1950
Thursday was supposed to mark the second of three presidential debates between Joe Biden and Donald Trump.Instead, Trump and Biden will hold town hall forums on opposite networks in a hope to sway voters to the polls by November 3. The town hall forums will air Thursday evening at 8 p.m.How we got hereIn the two weeks since the last debate, Trump tested positive for the coronavirus as dozens of others who had contact with Trump around the time of the debate also tested positive for the virus. Also, revelations surfaced that Trump’s travel party did not follow the debate’s coronavirus guidelines at the Sept. 30 meeting in Cleveland.As a result, the Commission on President Debates announced last week the debate scheduled for Oct. 15 would be held virtually. Wanting no part of a virtual debate, Trump immediately retracted his participation in the debate, and instead his campaign said it would hold a rally.Meanwhile, Biden said he’d opt to hold a televised town hall forum on Thursday.On Wednesday, NBC News announced that Trump had agreed to participate in a town hall at the same time.When/where to watchBiden’s town hall will begin at 8 p.m. ET live in all time zones. The town hall will air live on ABC, ABC News Live on streaming platforms, YouTube, Twitter and Facebook. ABC News anchor George Stephanopoulos will moderate.Trump’s town hall will also begin at 8 p.m. ET live in all time zones. The town hall will air live on NBC, MSNBC and CNBC, stream on NBC News NOW and be available in Spanish on Telemundo’s digital platforms. NBC News’ Savannah Guthrie will moderate.Biden’s town hall is slated to last 90 minutes, while Trump’s will go 60 minutes.NBC News took criticism from some on social media for opting to hold the town hall at the same time as Biden’s event. The concurrent town halls will leave swing viewers having to pick one of the candidates to watch. Stephanopoulos hosted a town hall with Trump and voters last month, while Biden did a town hall with NBC News’ Lester Holt a week ago.FormatUnlike debates, town hall forum responses have no time limit, which allows for deeper discussions on topics. Based on recent town hall forums, the coronavirus and the economic fallout will likely be key topics.Also of note is that Trump has largely avoided taking questions from reporters since being diagnosed with the coronavirus. It would not be surprising to see direct questions posed to Trump on holding large events without masks amid a pandemic. 2486
Thousands of infant and child strollers are being recalled because of concerns children could become trapped and strangle themselves in the straps.The U.S. Consumer Product Safety Commission issued a recall of three models of Costway strollers, roughly 16,000 strollers are impacted. (see details below)The strollers “violate the Federal Standard for Carriages and Strollers” according to the CPSC, allowing a child’s body to pass through an opening between the tray and seat, leading to possible entrapment or strangulation.No injuries or incidents have been reported at this time.The impacted strollers were sold on the company’s website and Amazon between May 2016 and December 2019.Strollers should be returned for a refund according to the CPSC. People with these strollers can call Costway toll-free at 844-242-1885 from 9 a.m. to 5 p.m. PT Monday through Friday or by email at recall@costway.com for more information. The firm is contacting all known purchasers directly.Recalled models:Infant Double Stroller, model #BB4476 in red, gray, blackInfant Double Stroller, model #BB4613 in blackFace to Face Double Stroller, model #BB4690 in gray 1156
This is completely unacceptable, disappointing, and appalling.The DNC shared the procedural purpose of my remarks to media WELL in advance. @NBC knew what was going to happen & that it was routine.How does a headline that malicious & misleading happen w/ that prior knowledge?— Alexandria Ocasio-Cortez (@AOC) August 19, 2020 341