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Kathie Lee Gifford is paying tribute to her mother, Joan Epstein.The "Today" co-host tweeted Tuesday that her 87-year-old mother had passed away."My precious mother, JOANNIE went home to JESUS & my DADDY this morning," Gifford tweeted. "We praise God for His promise of eternal life & we thank God for her." 323
Just over 1 million people filed new jobless claims last week, according to the U.S. Department of Labor’s latest report released Thursday. Another 14.5 million people filed continuing claims, leaving unemployment in the U.S. still startlingly high.Amid high unemployment across the country, a new report is showing executive compensation is growing as CEOs continue to cut millions of jobs.“We find that a CEO now earns about 320 times that of a typical worker in their main industry,” said Lawrence Mishel, a labor economist and distinguished fellow at the Economic Policy Institute, an independent think tank in Washington D.C.Mishel just authored a report analyzing CEO compensation. That report shows how in March and April when some CEOs were reported to have cut their salaries during the economic downturn, it wasn’t as big of a sacrifice as it seemed.“Salaries make up about 5 percent of CEO compensation packages,” explained Mishel. “And it seems like when CEOs say they are making a sacrifice, it’s really, I think, is better for press releases than in that they are actually going to take a cut in their standard of living.”The report shows how CEO compensation growth is affecting workers everywhere.“If you look at CEO compensation since, back over the last four decades since 1978, CEO compensation grew 1,167 percent,” said Mishel. “The compensation of a typical worker grew 13 to 14 percent over that period.”The report shows CEO compensation increased by 14 percent just last year and is set to continue to go up this year, even in a recession with companies having to let go of millions of workers.“The wages of the vast majority, the bottom 90 percent, has grown only half as fast as it otherwise would have had the top 1 percent not really expanded like it did,” Mishel explained.Essentially the “profit pie” has not grown proportionate to CEO compensation growth. So, as CEOs are getting significantly higher compensation, it is taking from the pay other workers.“I think this is a problem of corporate governance and our tax policies, and it needs to be addressed,” said Mishel.Proposed solutions include capping CEO compensation and taxing anything above the cap. EPI also suggests allowing shareholders and company workers to directly have a say in their CEOs' pay. However, both solutions are as controversial as the problem. 2359
James Harvey has owned a moving company for the past 10 years.He says every summer it’s the same: he sees a spike in business with more people moving. This summer, however, is different he’s says because of COVID-19.“It’s an emotional time,” said Harvey, owner of Around the Clock Movers and Havana Truck Rentals. “It’s hard not to feel bad for a lot of people.”Paperwork is piling up as Harvey tries to meet the demand for his customers that often tell him their reasons for relocating.“Before people were moving for fun or moving to experience new things,” he said. “Now it’s for economics.”What Harvey is experiencing is happening across the country.A new study by the Pew Research Center shows one in every five American adults moved due to COVID-19 or know someone who did.“Everything going on is highly emotional right now,” said real estate expert Lauren Feldesman with Compass.Feldesman has helped many people move out of the early epicenter of this pandemic -- New York City.With more people escaping big city living during this crisis, Feldesman says just looking at properties now is a lot more involved. She added there’s also a lot less tolerance for any potential health risks.“Even just today I had somebody that had to cancel the showing because they said that they just flew here two days ago from a high-risk state,” she said. “I was like, ‘I’m sorry. I can’t show you the property.’”These moves are impacting more than just those moving.With so many Americans changing their address, it’s changing property prices across the country, some at historic rates, according to real estate tracker Zumper.There’s a lot of good people that don’t deserve to be going through these situationsWhile Harvey has mixed emotions about helping people move to help reduce their risk of contracting the virus he also understands the importance of moving out and moving on. 1881
Known as the Green Mountain State, Vermont’s bucolic natural beauty offers a sharp contrast to the reality facing some of its residents.“The room you're in here would be busy all day,” said Gary De Carolis, executive director of the Turning Point Center in Burlington, the state’s largest city.Normally, 3,000 people would come to that addiction treatment center each month.“Then, the pandemic hit and, of course, everything just went; everyone just retreated to their homes,” De Carolis said. “And we know that the enemy of recovery is isolation.”The most recent stats available from the state’s Department of Health, from April, show Vermont had 47 opioid-related deaths, which is an increase over the 38 overdose deaths seen at the same time last year.In addition, compared to April of last year, the rate of nonfatal opioid overdoses doubled from 14 percent to 36 percent.Nationwide, the American Medical Association said nearly 40 states have seen spikes in opioid overdoses since the pandemic began.“There is no question that the current COVID pandemic does increase risk factors that we know, even in typical times, are risk factors for overdose, more drug use,” said Dr. Patrice Harris of the American Medical Association.Those risk factors included not having regular access to health care providers and a disconnect from normal routine and community, especially when in-person addiction treatment centers closed all over the country.That’s where telehealth stepped in, up to a point.“However, let's note there that if you didn't have a data plan or phone or computer or access to even broadband, then you weren't able to take advantage of that,” Dr. Harris said.Back in Burlington, via phone calls or Zoom meetings, the Turning Point Center is seeing about 500 clients a month, a fraction of what they would normally see, but no less needed.“Until we have a vaccine, I don't think it'll ever be business as usual,” De Carolis said. “One day at a time, as they say.” 1983
Just as tens of millions of Americans are preparing to start their Black Friday shopping, the nation's largest retailer has admitted that it inadvertently released the names and email addresses of some of its customers — but it's making only a few details public.Amazon customers across the U.S. and in Europe report receiving a strange email, that appears to be a phishing scam.An example of the email is listed below. 453