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Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149

Former FBI Director James Comey said Sunday that he would sit for a private deposition with House Republicans after filing a legal challenge to force a public hearing."Grateful for a fair hearing from judge. Hard to protect my rights without being in contempt, which I don't believe in," Comey said in a Twitter post. "So will sit in the dark, but Republicans agree I'm free to talk when done and transcript released in 24 hours. This is the closest I can get to public testimony."House Judiciary Committee Chairman Bob Goodlatte, a Virginia Republican, told Fox News on Sunday morning that he expected Comey to sit privately for an interview."We'll await it actually happening, but that is what I believe will happen," Goodlatte said.Comey also moved on Sunday to withdraw his motion to quash the congressional subpoena and said the hearing scheduled for Monday morning on the matter does not need to happen.Comey's attorney, David Kelley, told CNN that the former FBI director has agreed to sit for a voluntary interview on Friday under a set of conditions.As Comey indicated in his tweet, he will receive a transcript of his testimony and will be free to make public all or part of the transcript as well as any of the questions asked during the interview, Kelley said. In addition, so long as the interview proceeds voluntarily, an FBI representative will be present to give advice about the disclosure of FBI information, he said.Based on the agreement, Comey was withdrawing his legal motion, and the committee would withdraw its subpoena, Kelley said.Sunday's announcement came after both sides appeared in court on Friday as Comey sought to testify in a public setting rather than behind closed doors.Goodlatte and other House Republicans have been investigating the FBI and Justice Department's handling of separate probes into Hillary Clinton's email practices and Russian interference in the 2016 election, and with just a few weeks left before he leaves Congress, Goodlatte has moved to compel testimony from Comey and former Attorney General Loretta Lynch.Comey pushed back on the subpoena after he received it last month, saying he would be willing to testify in a public setting but did not believe a private interview would be proper.Goodlatte said Wednesday that he had told Comey they would release the transcript of his testimony and pressed for the former FBI director to submit to the interview."I have just offered to Director Comey that the Committees will publicly release the transcript of his testimony following the interview for our investigation," Goodlatte wrote on Twitter. "This ensures both transparency and access for the American people to all the facts."On Thursday, Comey moved to quash the subpoena and maintained that House Republicans would selectively leak his testimony. But ahead of an expected ruling, he said Sunday that he would submit to the interview and touted the offer of a transcript release. 2952

Five people were taken to a hospital after an explosion occurred at a refinery in Wisconsin, the local fire chief told the Associated Press. The incident happened at 10 a.m. local time at the Husky Energy oil refinery in Superior, Wisconsin. There are no known fatalities, AP reported. The five people were taken to hospitals in Duluth, Minnesota after the explosion, Superior Fire Chief Steve Panger told AP. AP originally reported six were taken to the hospital. The fire started when a small tank exploded, AP reported. The fire has been controlled, the Superior Police Department reported on Facebook. The police department reported there is no immediate or ongoing threat to employees or the community at this time.   760

For months, public health experts have said that getting a coronavirus vaccine is crucial to stopping the spread of the virus, reducing hospitalizations and deaths, and bringing a return of normalcy to the world.Among the first to get the vaccine will be first responders. But what if first responders say “no” to getting vaccinated?According to a survey conducted by the Uniformed Firefighters Association, which represents members of the New York Fire Department, a majority of the firefighters surveyed said they would decline a coronavirus vaccine. The survey reached nearly one-fourth of all members of the NYFD.Part of the reason is that firefighters in New York City were hard hit early on during the pandemic. The union said that 35% of its members have been infected by the virus. While those infected do build antibodies to the virus, there are still questions on how long those antibodies last, and how soon can someone be re-infected by the virus.Andy Ansbro who leads the union said it is the choice of firefighters in the city to take the vaccine, but added that the union is advocating its members to take it.“We can’t have this on 24/7 so there is going to be exposure,” Ansbro said in an interview with WCBS-TV about face coverings.Pfizer’s vaccine candidate is slated to go before the FDA on Thursday for emergency use authorization. If authorized, a small number of Americans, mostly consisting of first responders, health care workers or those living or working in assisted living facilities, will be able to get a dose of the vaccine.Pfizer’s vaccine, which the company says is 95% effective at preventing the virus, comes in two doses. A booster dose would be given to patients 28 days after the first shot.Meanwhile, Moderna is slated to seek FDA approval for its coronavirus vaccine candidate. If approved, its vaccine could also begin going to high-risk Americans in the coming weeks.Dr. Anthony Fauci said in an interview last week on CNN that it will take a vast majority of Americans getting vaccinated before the US reaches herd immunity. When the US reaches herd immunity, that is when social distancing measures can be eased, Fauci says. 2176

For families missing the big screen, Walmart is set to debut its drive-in movie tour this summer.In a release posted to their website, Walmart said it will be working with Tribeca Enterprises to transform 160 of its store parking lots into contact-free drive-in movie theaters."Beginning in August, Walmart will roll out this red carpet experience in towns across the country for a combined 320 showings," the company wrote. "This family-friendly night will include hit movies, special appearances from filmmakers and celebrities and concessions delivered right to customer vehicles."The drive-in tour will run through October. Additional details, such as locations and ticket information, will be announced here closer to the start of the tour, officials say.For more information, click here. 801