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From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762
Hosting Thanksgiving dinner can feel like a thankless job if you’ve destroyed your budget to do so. But it doesn’t have to be that way. By setting realistic expectations, shopping strategically and delegating tasks, this can be an affordable meal to prepare. Here’s how to pull it off: 298

HONOLULU (AP) — Hurricane Lane soaked Hawaii's Big Island on Thursday, dumping nearly 20 inches of rain in nearly 24 hours as residents stocked up on supplies and tried to protect their homes ahead of the state's first hurricane since 1992.The National Weather Service warned that Lane will get "perilously close" to Hawaii and that some areas could see up to 30 inches (about 80 centimeters) before the system passes.Lane was not projected to make direct hit on the islands, but officials warned that even a lesser blow could do significant harm.PHOTOS: Hawaii deals with flooding as hurricane approaches"You do not need a direct strike to have major impacts from a hurricane this strong," said Steve Goldstein, a meteorologist at the National Oceanic and Atmospheric Administration in Washington.The center of the Category 3 storm was predicted to move close to or over portions of the main islands later Thursday or Friday, bringing dangerous surf of 20 feet (6 meters) and a storm surge of up to 4 feet (1 meter), forecasters said. As of 11 a.m., the hurricane was about 275 miles (460 kilometers) south of Honolulu.Lane "shifted a little closer to the islands, unfortunately," meteorologist Melissa Dye said. "Big Island and Maui are in the thick of it now."As Lane moved closer to the islands, it was expected to weaken more rapidly and turn toward the west. But it was unknown exactly when that would happen, forecasters said.Pablo Akira Beimler, who lives on the coast in Honokaa on the Big Island, said the road to Hilo was cut off due to landslides."Rain has been nonstop for the last half hour or so and winds are just starting to pick up," Beimler said as he posted videos of trees being blown sideways. "Our usually quiet stream is raging right now."He said staying put is about the only choice he has."We essentially have one way in and out of our towns so sheltering in place is the priority," Beimler said in a Twitter message.Two campers were reported trapped overnight in Waipio Valley, along the Big Island's northern coast. The campers called authorities Wednesday, but emergency crews could not mount a rescue operation."We can't go in because the roads — there's a river of water down there," said Hawaii County Managing Director Wil Okabe. Landslides had closed some roads.In addition, there were reports of boulders falling into a park in Hilo on the east side of the island, Okabe said.Shelters opened Wednesday on the Big Island and on the islands of Maui, Molokai and Lanai. Officials urged those needing the Molokai shelter to get there soon because of concerns that the main highway on the island's south coast could become impassable.On the island of Oahu, shelters were scheduled to open Thursday. Aid agencies were also working to help Hawaii's sizeable homeless population, many of whom live near beaches and streams that could flood.Because there's not enough shelter space statewide, Hawaii Emergency Management Agency Administrator Tom Travis urged people who were not in flood zones to stay home.On the island of Lanai, it was eerily dead still and gray, said Nick Palumbo II, who owns Lanai Surf School and Safari."It's relatively like a regular day," he said by telephone. "I got friends calling me telling me there's surf at the beach, and they're actually going surfing right now."He won't be joining them and instead is staying home with his four children since there's no school.Palumbo is prepared for the storm after boarding up one large window and stocking up on snack food. He's also got a freezer full of fish he's caught on dives and deer he's hunted on the island to last them through the storm."I don't have a generator, but I figure as things thaw out, if the electricity goes, we'll just get cooking," he said.The central Pacific gets fewer hurricanes than other regions, with about only four or five named storms a year. Hawaii rarely gets hit. The last major storm to hit was Iniki in 1992. Others have come close in recent years.Napua Puaoi of Wailuku, Maui, said she and her husband planned on boarding up their windows and sliding doors. She was 12 at the time of Hurricane Iniki."When it did happen, I just remember pandemonium. It was all-out craziness," she said.Unlike Florida or Texas, where residents can get in their cars and drive hundreds of miles to safety, people in Hawaii are confined to the islands. They have to make sure they have enough supplies to outlast power outages and other potential emergencies.The Federal Emergency Management Agency moved several barges packed with food, water, generators and other supplies into the region ahead of Hurricane Hector, which skirted past the islands more than a week ago, FEMA Administrator Brock Long said. 4739
Greenland's massive ice sheets contain enough water to raise global sea levels by 23 feet, and a new study shows that they are melting at a rate "unprecedented" over centuries -- and likely thousands of years.The study, published Thursday in the scientific journal Nature, found that Greenland's ice loss accelerated rapidly in the past two decades after remaining relatively stable since the dawn of the Industrial Revolution in the mid-1800s.Today, Greenland's ice sheets are melting at a rate 50% higher than pre-industrial levels and 33% above 20th-century levels, the scientists found.Greenland's melting glaciers may someday flood your city"What we were able to show is that the melting that Greenland is experiencing today is really unprecedented and off the charts in the longer-term context," said Sarah Das, an associate scientist at the Woods Hole Oceanographic Institution and a co-author of the study.To determine just how fast Greenland's ice is retreating compared with the past, scientists used a drill the size of a traffic light pole to take ice core samples.The samples were taken from sites more than 6,000 feet above sea level, giving the researchers a window into melting on the ice sheet over the past several centuries.In the wake of October's dire report from the UN Intergovernmental Panel on Climate Change warning that civilization has just more than a decade to stave off climate catastrophe, Thursday's report spells more bad news for the planet, especially the millions of people living near the world's oceans.Melting from Greenland's ice sheet is the largest single driver of global sea level rise, which scientists predict could swamp coastal cities and settlements in the coming decades.Eight of the 10 largest cities in the world are near coasts, and 40% to 50% of the global population lives in coastal areas vulnerable to rising seas.The study also found that Greenland's ice loss is driven primarily by warmer summer air and that even small rises in temperature can trigger exponential increases in the ice's melt rate."As the atmosphere continues to warm, melting will outpace that warming and continue to accelerate," said Luke Trusel, an assistant professor at Rowan University and study co-author.According to Trusel, the current thought in the scientific community is that there is a temperature threshold that could trigger a point of no return for the eventual melting of Greenland and Antarctica's ice sheets. And though we don't know exactly what that temperature tipping point is, "what's clear is that the more we warm, the more ice melts.""Once the ice sheets reach these tipping points, it's thought that they'll go into a state of irreversible retreat, so they'll be responding to what we do now for centuries and milliennia into the future," Trusel said.What it's like at the ground zero of climate changeDas stressed that although climate science often focuses on the future impacts of warming, the findings show that the climate is already undergoing hugely significant changes."Climate change -- whether it's in Greenland or in your backyard -- is already here and already happening and already impacting people. It's not something that's coming in the future, and this study really drives home that point," she said.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 3378
Hamilton premieres on #DisneyPlus this Friday!??Join the watch party and tweet along with the cast of the show starting at 4:00pm PT/7:00pm ET using #Hamilfilm, and tune-in to a special pre-show starting at 3:30pm PT/6:30pm ET. pic.twitter.com/DiQ5yDMvMK— Walt Disney Studios (@DisneyStudios) July 2, 2020 313
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