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Millions of people who are working or those hoping to return to work soon are depending on childcare. However, the industry is ringing the alarm, warning that most childcare providers are on the brink of closing permanently.“The fixed cost in these small businesses is so high that you are already running at very close margins and then with COVID, that pushed everything over the edge,” said Serah Kaiel.Kaiel has owned and run a small day care, Little Thinkers Montessori in New York City, for nine years. In March, her enrollment dropped by almost 80%, while her cost to stay open went up substantially.“It is like 0 to ,000 per child extra per year,” said Kaiel. "Like for the PPE, for the cleaning products, for all the things that go into keep it as safe and the best practices.”After operating in the red for six months, most providers are now coming to terms with the reality that staying open may not be a possibility much longer.“I represent women of color, I represent single mothers, and we are working on the front lines in this pandemic and we have the most to lose with the least amount of resources available to us,” said Kaiel. “There are moments when it is really scary.”A recent survey done by the National Association for the Education of Young Children shows that without some government aid, roughly 50% of childcare providers throughout the country could close permanently by the end of fall.Experts point out such a substantial loss of childcare could force more people out of the workforce. Low-income workers and women would be disproportionately affected.“It has this massive impact on the economics of communities. It has this massive impact on the economics of society, on women having the same opportunities that men do,” said Rhian Allvin. "It has a ripple effect that is really dramatic."Allvin is with the National Association for the Education of Young Children. NAEYC is calling on Congress to act and allocate billion for the industry in the next stimulus package.“We have really strong Democrat support. We have really strong Republican support. So right now, the hold up in Congress I don’t think is childcare,” said Allvin. "But young children and our field will suffer if they don’t get a stimulus package pass between now and the election.” 2298
Major 2020 election news will likely take place with Democratic nominee Joe Biden set to reveal his pick for vice president. THE PROCESSThe Biden team has been very secretive with the vetting process like previous presidential campaigns. According to sources, many top-level advisers are not even privileged to the selection process. Biden said months ago he would pick a woman to be his running mate but has not narrowed it down any further. THE POSSIBLE PICKSWhile it is possible Biden will pick someone not on this list, it is expected he will choose from these 11 women: Stacey Abrams: A former legislator in Georgia who came close to winning the Governor's Race in Georgia in 2018. Abrams is an African American leader and viewed as a rising star but some question whether she has enough national experience. Tammy Baldwin: A United States senator representing the swing state of Wisconsin, but some question whether she has had enough exposure on the national stage. Karen Bass: A member of the House of Representatives representing California, Bass is an experienced legislator and African-American leader. Being from California, however, doesn't help with swing states.Keisha Lance Bottoms: Mayor of Atlanta and an African-American leader, Bottoms, however, has limited national experience. Val Demings: A member of Congress from the crucial state of Florida, Demings is a prominent member of the Congressional Black Caucus who gained exposure during the impeachment of President Donald Trump. Some attack her time as a police chief, however. Tammy Duckworth: A United States senator representing Illinois, Duckworth is also a veteran. Some wonder if she is well-known enough. Michelle Lujan Grisham: As governor of New Mexico and a former Member of Congress, Grisham has the experience and is one of the nation's top Latinas. Critics point to the fact few know her outside of New Mexico. Kamala Harris: A United States senator and African-American leader, Harris is well-known as a former presidential candidate. Some Biden advisers don't like how she attacked Biden during the campaign, not to mention her time as a prosecutor could hurt her with some voters. Susan Rice: An African-American woman who served as former National Security Adviser under President Obama, Rice has qualifications but has never held elected office. Gretchen Whitmer: Whitmer leads the swing state of Michigan as governor but some question whether Biden should pick an African-American to serve as his number two. Elizabeth Warren: Warren is well-known on the national stage as a progressive, which could help turn out for Joe Biden. However, she is also a lightning rod for conservatives. 2686

Many spikes, much cuteness. Meet Sydney, our echidna puggle! Read all about its unique journey at https://t.co/pHH8WD7OK3 pic.twitter.com/HhkIX172NW— Busch Gardens Tampa Bay (@BuschGardens) July 27, 2020 211
Lumber stocks are at a historic high. We haven't seen these numbers since the 2008 housing boom and then crash. Experts say that's in part because of the housing market and record low mortgage rates.2020, the unprecedented year where nothing goes as expected, has brought us what realtors call a "sellers' market"."There’s plenty of buyers in the marketplace, but not enough supply so what we are seeing is multiple offers happening frequently on mid-price homes. So heavy competition in the marketplace.” Dr. Lawrence Yun, chief economist for the National Association of Realtors, said.The country's largest trade organization has 1.4 million members who help people buy and sell homes. Dr. Yun says the nation's housing market has even surpassed pre-pandemic sales. He attributes a lot of that to low mortgage rates and people realizing that working from home means they need more room.“Because of the strong demand for housing and we have a shortage of homes in the marketplace, so whatever home builders build, they can find a buyer so they build more homes. But one of the constraints is lack of construction workers along with the material cost that goes into construction, such as lumber,” says Dr. Yun, who also pointed out the country's underproduction.“Home builders have been producing below historical average for 10 straight years and the cumulative effect of underproduction is we don’t have sufficient inventory and that is the reason why home prices are rising and we need to build more homes to get into balance,” added Dr. Yun.Which is why, Laura Gonzalez, associate professor of Finance at California State University Long Beach, says we're experiencing a supply and demand situation when it comes to wood.“We just don’t have enough wood,” Gonzalez said. “It's difficult to make it ready and then transport it because of the pandemic. It's not that the industry is changing its just that we have had a shift both in supply and demand.”Gonzalez also says it's the basic equation of high demand meaning lower supply, which sends prices up and stocks soaring. Then there's the factor of where our wood comes from. She says, “We import some of our lumber from Canada both from lumber and other products. If we depend on other nations, we are more susceptible to changes in supply.”So, what comes next?“The issue of supply versus demand is going to correct in two years, but the opportunities for climate finance are ongoing that is not going to finish,” Gonzalez said.Which is why Dr. Yun says home prices will hold firm, and if you're waiting for a ‘burst’ or for prices to decrease, you might be waiting a while.“In future years, mortgage rate will certainly rise and that will choke off some of the demand, but hopefully we have adequate supply so we have a more balanced market condition where prices rise in manageable, 3-4% each year and people will feel comfortable at that rate of price appreciation,” says Dr. Yun.Dr. Yun recommends if you want or need to buy, don't overstretch your budget as the competition is fierce out there. If you want to sell, don't get greedy and overprice because your home will get stuck on the market. It's yet another aspect to this odd year that has brough the unexpected to us all. 3245
Major wireless carriers are experiencing outages throughout the United States.According to service-tracker Down Detector, T-Mobile began experiencing outages at 12:42 p.m. ET. By 2 p.m., 110,822 users were experiencing problems. The outages continued throughout Monday evening, with some improvement. By 9:30 p.m. ET, more than 16,500 T-Mobile customers were still without service, Down Detector said. Down Detector said some cities that were experiencing the most problems with T-Mobile were in Miami, Brooklyn, Orlando, and Atlanta.T-Mobile's Executive Vice President and Chief Technology Officer Neville Ray said the company was aware of an issue and they were working to resolve it."Our engineers are working to resolve a voice and data issue that has been affecting customers around the country," Ray tweeted. We’re sorry for the inconvenience and hope to have this fixed shortly." 894
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