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Experts say those feeling the pain of the financial crisis the most are millennials. The generation has missed major milestones that past generations enjoyed in their 30’s and 40’s as a result of dealing with two major financial crises over the past decade.However, it may not be all gloom and doom for millennials. The economic cycles the generation has experienced early on could lead them to understand the economy and markets better, potentially leveraging that to greater future gains.Many millennials graduated and entered the workforce during the 2008 Great Recession. They were just hitting their prime, and then, this pandemic and a second major financial crisis hit.“It just feels not only like we can’t catch a break, but we can’t even get started without something coming along and taking away a lot of what we worked for,” said Erin Lowry.Erin Lowry is an author and wrote the books “Broke Millennial” and “Broke Millennial Takes on Investing”.“The big thing to consider for your financial future is this will be temporary,” said Lowry. "We are going to get through this just like we got through ’08.”Surveys conducted by the Urban Institute show at least 1 in 3 millennials are struggling financially right now, and millennials as a whole have less acclimated wealth at this stage in life than the prior generation. To change that, even during this recession, Lowry believes there are a few key things millennials can do.“You do want to think about doing, and I hesitate to say it like this, but the least damage currently,” said Lowry.She recommends minimizing the amount of debt you may need to take on to get through this economic downturn. Also, protect your credit scores as much as possible by making on-time payments.Pay the minimum if needed or contact your lenders to work out agreements that will not show missed payments on your credit report. In the future, you’ll want a healthy credit score to be able to qualify for mortgage loans or auto loans at a lower interest rate.Lastly, try to still contribute to your retirement plan even if it’s a little bit. If you are in a position where every penny counts right now, think about a time in the near future when you can start to again invest. That is important because, historically, the market will rebound.To recover on a better financial footing, you want to buy when the market is low, or down, and reap the gains as the economy recovers.“After 2008, we went on to have one of the longest bull runs in stock market history,” said Lowry. "We don’t know what is going to happen after the coronavirus recession, but you don’t want to miss out on potentially huge returns.”The possible advantage of going through two recessions early in life may be a better understanding of the economy and a stronger desire to understand the market, along with learning how to use the downturn as an opportunity for future gains. 2896

Escalating tensions with the United States may put China's trade war arsenal to the test.During a dizzying week in which the world's two largest economies exchanged threats of heavy tariffs, Beijing has insisted that it's ready to wage a trade war "to the end."President Donald Trump upped the ante late Thursday with a threat to slap tariffs on a further 0 billion of Chinese exports. That prompted the Chinese government to warn it's willing to take "new comprehensive measures" in response. 504

Facebook is launching a widespread effort to boost U.S. voter turnout and provide authoritative information about voting — just as it doubles down on its policy allowing politicians like President Donald Trump to post false information on the same subject.The social media giant is launching a “Voting Information Center” on Facebook and Instagram that will include details on registering to vote, polling places and voting by mail. It will draw the information from state election officials and local election authorities.The information hub, which will be prominently displayed on Facebook news feeds and on Instagram later in the summer — is similar to the coronavirus information center the company launched earlier this year in an attempt to elevate facts and authoritative sources of information on COVID-19.Facebook and its CEO, Mark Zuckerberg, continue to face criticism for not removing or labeling posts by Trump that that spread misinformation about voting by mail and, many said, encouraged violence against protesters.“I know many people are upset that we’ve left the President’s posts up, but our position is that we should enable as much expression as possible unless it will cause imminent risk of specific harms or dangers spelled out in clear policies,” Zuckerberg wrote earlier this month.In a USA Today opinion piece Tuesday, Zuckerberg reaffirmed that position.“Ultimately, I believe the best way to hold politicians accountable is through voting, and I believe we should trust voters to make judgments for themselves,” he wrote. “That’s why I think we should maintain as open a platform as possible, accompanied by ambitious efforts to boost voter participation.”Facebook’s free speech stance may have more to do with not wanting to alienate Trump and his supporters while keeping its business options open, critics suggest.Dipayan Ghosh, co-director of the Platform Accountability Project at Harvard Kennedy School, said Facebook “doesn’t want to tick off a whole swath of people who really believe the president and appreciate” his words.In addition to the voting hub, Facebook will also now let people turn off political and social issue ads that display the “paid for by” designation, meaning a politician or political entity paid for it. The company announced this option in January but it is going into effect now.Sarah Schiff, product manager who works on ads, cautioned that Facebook’s systems “aren’t perfect” and said she encourages users to report “paid for by” ads they see if they have chosen not to see them. 2553

ESCONDIDO (CNS) - A man was stabbed in Mountain View Park Sunday, police said.He was taken to a hospital at about 3:30 p.m. Sunday, but the extent of his injuries was unknown, Lt. Mike Kearney of the Escondido Police Department said.Police were trying to interview the victim at the hospital, but he was not cooperative. 328

ENCINO (CNS) - Authorities today served a search warrant at the Encino home of hip-hop producer Mally Mall in connection with an investigation into human trafficking and the trafficking of exotic animals, according to police and a celebrity news website.The warrant was served early this morning in the 4000 block of Grimes Place by personnel from the Los Angeles Police Department's Robbery-Homicide Division and the California Department of Fish and Wildlife, according to the LAPD.According to TMZ.com, the ``Love and Hip Hop'' star was home at the time of the raid.According to Mall's website, he has worked with artists such as Tyga, Drake, Justin Bieber, Future, Sean Kingston, and Snoop Dogg. 707

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