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Millions of out-of-work Americans are being surprised by new information. The 0 a week they were relying on receiving through the end of July is set to end a week earlier than they expected.“That is one week less of payments than families get. That is huge. That is the difference between being able to make a car payment, make your rent, put food on the table,” said Heidi Sheirholz.Sheirholz is a former chief economist with the Department of Labor and the current senior economist at the Economic Policy Institute and explained why the CARES Act supplemental is ending so soon.“What it says in the legislation essentially is that it ends on July 31 and we all thought, you know, the end of July, but when you look at the very specific language, what it says is that the last payment will be on or before July 31,” said Sheirholz.Basically, July 31 is a Friday. State unemployment systems end their week on the weekend and pay only full weeks. So, the last full week for a payout will be on July 26. Most states had listed July 31 as the final payment on their respective state’s unemployment website and have scrambled in recent weeks to clarify and adjust the date."It’s just going to create enormous hardship,” she added.Many people will more suddenly go from about ,000 a week in total unemployment benefits, to only whatever their states’ normal unemployment benefits are, which on average is about 5. However, it’s not too late for Congress to act and extend the 0 supplemental. Economist, like Sheirholz, hope they do.“That extra 0 per week for people who are getting unemployment insurance is supporting spending of millions of people and that supports the broader economy,” said Sheirholz. “We estimate that if the 0 additional UI payment is allowed to expire this country will lose over 5 million jobs over the next year.” 1859
Market sentiment is so fragile that news of an arrest is enough to set off a selling wave.The Dow plunged as much as 785 points on Thursday. The index was recently down about 400 points, or 1.3%. The S&P 500 lost 1.1%, while the Nasdaq fell 0.3%.The arrest of Huawei CFO Meng Wanzhou in Canada at the request of the United States renewed doubts about the US-China truce.The latest sign of tension between Washington and Beijing also sent shudders through global markets. Hong Kong's Hang Seng plunged 2.5% overnight, while European stock markets declined sharply as well. Germany's DAX nearly closed in a bear market, down nearly 20% from its January closing high.Companies like Apple (AAPL) and Boeing (BA) that have significant exposure to China fell sharply. Other trade-related stocks like Broadcom (AVGO) and Harley-Davidson (HOG) were also under pressure. Alibaba (BABA), the Chinese e-commerce giant, tumbled 3%. The Dow and S&P 500 have once again turned negative on the year. The S&P 500, down 9% in the fourth quarter, is on track for its worst quarter in seven years.The arrest of Meng -- the daughter of the founder of one of China's most important companies -- serves as a fresh reminder that the United States and China remain in a trade war, despite the ceasefire reached last weekend in Argentina. Tariffs already imposed remain in place and new ones loom if talks fail to result in a breakthrough or at least an extension within 90 days."This comes at a truly delicate time," Win Thin, global head of currency strategy at Brown Brothers Harriman, wrote to clients on Thursday. "We think this will force China to take a more aggressive and confrontational approach with the US." 1720

MARATHON, Fla. -- Several dozen endangered sea turtles were flown from New England to Florida and are receiving treatment for something called “cold stunning.”The young sea turtles became stranded on beaches near Cape Cod, Massachusetts after overexposure to cold water. Being exposed to cold water for too long can result in a hypothermic reaction called “cold stunning,” and can cause turtles to stop eating and swimming.They were flown to the warmer climate of Florida over the Thanksgiving weekend and are being treated at various aquariums, turtle hospitals and facilities. Some of them may have to stay at the facilities for up to a year for testing and treatment.About 40 young Kemp Ridley sea turtles were taken to the Turtle Hospital in Marathon, Florida. Another two dozen were taken to other marine centers, including the Florida Aquarium in Tampa.The rescue was made possible by a group of private pilots called “Turtles Fly Too,” who donated their planes, fuel and time to transport the animals. The turtles traveled in towel-lined banana boxes, according to local media. 1092
MAUI, Hawaii (AP) — Authorities say the man killed by a shark in Hawaii this weekend was a 65-year-old resident of California.Shark warning signs are posted Sunday in the Ka'anapali Beach Park area on Maui where the man died.Witness Allison Keller tells Hawaii News Now that the man appeared unconscious as rescuers brought him to shore Saturday.Keller says the victim was missing his left leg from the knee down and skin was torn from his wrist.Hawaii's Division of Conservation and Resources Enforcement confirmed the man's age but did not release his name. Officials didn't say where in California he was from.The man's family told rescuers he had gone swimming in the area.The last fatal shark attack in Hawaii was in 2015, when a snorkeler off Maui was killed. 773
Manitowoc, Wisconsin police are searching for a man who appeared to be wearing a clown mask while burglarizing an A&W restaurant.On March 25, the suspect broke into the A&W restaurant on Harbor Town Lane. The suspect was inside the restaurant for a short period of time, managing to steal multiple bank bags.The exact amount of money in the bank bags was not disclosed.Manitowoc police say it is likely that the suspect knew the layout of the restaurant.The suspect was wearing a black jacket, charcoal-colored sweatshirt, gray sweatpants, dark brown or black shoes, blue latex medical gloves and a Halloween mask with a red nose and white eyes.He was last seen walking northeast through the Manitowoc Shell parking lot toward the Harbor Town Inn. Police are offering a reward up to 0 for any information that leads to the identity and arrest of the suspect responsible for the burglary.If you have any information, Manitowoc police encourage you to call Detective David McCue of the Manitowoc Police Department at 920-686-6570.To remain anonymous call Crime Stoppers at 920-683-4466. 1113
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