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Hurricane Lane may have passed by the island chain over the weekend, but Hawaii is still feeling the storm's aftereffects as residents recover from days of heavy rain and remain on the lookout for even more showers.Lane dropped 52.02 inches of rain on Hawaii from August 22-26, the second highest rainfall total from a tropical cyclone in the US since 1950, according to preliminary data from the National Weather Service (NWS).That's behind only the 60.58 inches dumped on Nederland, Texas by Hurricane Harvey last year.Hawaii's Big Island -- the easternmost island in the chain -- was hammered hardest by rain. Some residents there had to be evacuated, with water rescues occurring in Hilo and Keaau, the NWS said. A number of roads were closed by flooding and landslides. 782

Humans haven’t been to the moon in decades, but when mankind returns, they’ll be welcomed with cellphone technology not currently available in some reaches of the US.Nokia announced this week a partnership with NASA to construct a 4G network on the moon. The network will assist NASA's Artemis program, which is intended to send people back to the moon by 2024.Nokia says that its 4G moon network will allow for NASA to operate rovers and stream high-definition video.“Reliable, resilient and high-capacity communications networks will be key to supporting sustainable human presence on the lunar surface. By building the first high performance wireless network solution on the moon, Nokia Bell Labs is once again planting the flag for pioneering innovation beyond the conventional limits,” said Marcus Weldon, Chief Technology Officer at Nokia.On Wednesday, NASA said it will “announce an exciting new discovery” about the moon next week. NASA said that returning humans to the moon could support allowing humans to reach Mars by the 2030s. 1049

In a letter to four senators, Social Security Chief Actuary Stephen Goss estimated that if President Donald Trump eliminates payroll taxes, Social Security Trust Fund would be "permanently depleted" by 2023."If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021, and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of the calendar year 2021, with no ability to pay DI benefits thereafter," Goss said in the letter. "We estimate that OASI (Old Age and Survivors Insurance) Trust Fund reserves would become permanently depleted by the middle of the calendar year 2023, with no ability to pay OASI benefits thereafter."The letter was addressed to Sens. Bernie Sanders (I-Vt.), Chris Van Hollen (D-Md.), Ron Wyden (D-Ore.), and Chuck Schumer (D-N.Y.).One of the executive actions Trump recently signed was temporarily deferring payroll taxes that are used to fund Social Security.On Saturday, President Trump said that he would make "permanent cuts to the payroll tax" if re-elected. 1167

Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266

In a defiant pair of CNN interviews, former Trump campaign aide Sam Nunberg said Monday he refuses to comply with a grand jury subpoena in the Russia investigation."Screw that," Nunberg told CNN's Gloria Borger. "Why do I have to go? Why? For what?"And in a separate interview with CNN's Jake Tapper, Nunberg said he blamed the investigation's existence on President Donald Trump's firing of James Comey as FBI director -- including an interview where Trump said he was thinking about the Russia investigation when he fired Comey and the fact that he held a meeting with top Russian officials in the Oval Office.  646