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The coronavirus pandemic has had a significant impact on pets.More than 4 million dogs, cats and other animals in the U.S. could be living in poverty with owners in the next 6 months, according to the American Society for the Prevention of Cruelty to Animals (ASPCA).If the national unemployment rate stays around 10%, more than 24 million pets could be in poverty. That's a 21% increase compared to February, before the pandemic.Pet food and veterinary care can be expensive. The ASPCA says a lack of affordable vet care and limited access to spay and neuter service are reasons driving people to give up their pets.RedRover is helping people afford care. They're seeing a 24% increase in urgent care grant applications compared to last year. The average amount of money they give out is 0.“It’s a very small amount of money, but what we've found is it really is that stopgap between helping them start service with start care with a veterinarian so you know just having a little bit to get going,” said Nicole Forsyth, President and CEO of RedRover.Your pet has to have a diagnosis before you can apply for a grant at RedRover.org. If you don't qualify, they'll help connect you with other resources.“When they talk to our case managers on the phone, the sense of relief and the sense also that it's OK for them to spend this money on their pets,” said Forsyth. “I think sometimes they're hearing messages from their friends and family like you know, ‘it's just an animal,’ you know, ‘why would you spend that kind of money.’ And so, having someone to talk to who understands.”The Humane Society has more resources on its website to find pet financial aid and discounted vet care close by. 1702
The Department of Homeland Security and the Pentagon are having initial discussions that could lead to a 45-day extension of the southern border mission for US troops, according to two administration officials.DHS would have to make a specific request to the Pentagon. Under the current plan, the border mission is scheduled to end December 15.The discussion comes following tensions at the border Sunday, when about?500 migrants overwhelmed police blockades on the Mexican side of the San Ysidro port of entry, two journalists in Tijuana told CNN. US authorities used tear gas to disperse the crowds, which included families and small children, and more than 100 migrants were arrested.One of the officials said that "based on what happened on Sunday" DHS still wants the help of the Defense Department, adding that "the threat has not gone away."The agencies are also discussing whether some engineers who worked on fortifying crossing points in Arizona and Texas can now be sent home and whether more troops will shift to California.President Donald Trump sent about 5,800 federal troops to the border after spending the weeks leading up to the midterm elections decrying a procession of migrants that was still thousands of miles from the US border. Last week, Trump granted the troops new powers to aid in "crowd control, temporary detention and cursory search" while protecting Customs and Border Protection personnel from the migrants, should they engage in violence.On Wednesday afternoon, Secretary of Defense James Mattis said the Pentagon was ready to "react to the Department of Homeland Security" if it asks for any extensions. Mattis added, "Right now we have no new requests, although we are discussing every day the situation and so I can't forecast when that will be."Last week Homeland Secretary Kirstjen Nielsen said she had "no doubt that DoD will continue to be our partners in this mission until it is resolved."NPR was first to report the possible extension. 2004
The Columbus Zoo in Ohio said visitors helped find a red panda that zookeepers discovered was missing on Wednesday.According to the zoo, visitors notified the zoo that they had spotted Kora, the red panda, around 4:43 p.m. on Thursday near the panda's habitat. The zoo said that after trying to coax the red panda down from a tree, the zoo used a tranquilizer."Amid clapping and happy tears from Zoo team members, the sleeping Kora was placed in her crate and taken to the Zoo’s Animal Health Center for evaluation where she was provided care and given a clean bill of health," the zoo said. "Kora has since been returned to her habitat in Asia Quest, where she will have the opportunity to reunite with her cubs when she wakes. Her care team will continue their overnight watch to ensure they continue to do well, and red panda father, General Tso, will have the opportunity to join them in the morning."The zoo said that the panda didn't pose a threat to the public, but was “eager” to find her.The zoo said that it had moved all of its Asia Quest animals to indoor habitats as officials continue to scour the zoo. The panda had not been seen since Tuesday evening.The red panda is roughly the size of a racoon, and is not a threatening animal. She has two nursing cubs, and the zoo said it had to feed her cubs by using a specialized formula while she was missing.The zoo is one of the busiest in the United States, attracting nearly 2.5 million visitors a year. 1474
The Columbus Zoo in Ohio said visitors helped find a red panda that zookeepers discovered was missing on Wednesday.According to the zoo, visitors notified the zoo that they had spotted Kora, the red panda, around 4:43 p.m. on Thursday near the panda's habitat. The zoo said that after trying to coax the red panda down from a tree, the zoo used a tranquilizer."Amid clapping and happy tears from Zoo team members, the sleeping Kora was placed in her crate and taken to the Zoo’s Animal Health Center for evaluation where she was provided care and given a clean bill of health," the zoo said. "Kora has since been returned to her habitat in Asia Quest, where she will have the opportunity to reunite with her cubs when she wakes. Her care team will continue their overnight watch to ensure they continue to do well, and red panda father, General Tso, will have the opportunity to join them in the morning."The zoo said that the panda didn't pose a threat to the public, but was “eager” to find her.The zoo said that it had moved all of its Asia Quest animals to indoor habitats as officials continue to scour the zoo. The panda had not been seen since Tuesday evening.The red panda is roughly the size of a racoon, and is not a threatening animal. She has two nursing cubs, and the zoo said it had to feed her cubs by using a specialized formula while she was missing.The zoo is one of the busiest in the United States, attracting nearly 2.5 million visitors a year. 1474
The current day trading boom will end as these frenzies always do: in tears. While we wait for the inevitable crash, let’s review not only why day traders are doomed but also why most people shouldn’t trade, or even invest in, individual stocks.Day trading basically means rapidly buying and selling investments, hoping to profit from small price fluctuations. Brokerages have reported a surge in trading and new accounts this year, starting with March’s stock market crash when investors rushed in looking for bargains. As pandemic lockdowns kept people from their jobs and classrooms, trading continued to soar, especially among young adults.The poster child for this gold rush is Robinhood, a commission-free investing app that uses behavioral nudges to encourage people to trade. Robinhood added over 3 million accounts this year and in June logged more trades than any of the established, publicly traded brokerages. More than half of its customers are opening their first investment account, the company says.People can start trading with small amounts of money because Robinhood offers fractional shares. In addition to stocks and mutual funds, the app allows trading in options, cryptocurrencies and gold. Customers start out with a margin account, which allows them to borrow money to trade and amplify both their gains and their losses.Alexander Kearns, 20, is one example of what can go wrong. The University of Nebraska student killed himself after seeing a 0,165 negative balance in his Robinhood account. The novice trader may have misunderstood a potential loss on part of an options tradethat he made using borrowed money as a loss on the whole transaction. In reality, he had ,000 cash in his account when he died.Research has shown that the vast majority of day traders lose money, and only about 1% consistently get better returns than a low-cost index fund. A rising stock market, and a flood of inexperienced and excitable investors willing to bid up stock prices, has convinced more than a few day traders that they’re part of that 1%. They’re being egged on by the few people who actually will make money: the hucksters selling seminars, e-books and strategies that purport to teach you how to successfully trade.Stocks don’t always go upStocks overall are an excellent way to gain wealth over the long term. If you can weather the downturns, stocks historically have offered good returns.Those downturns can be doozies, however. Stocks lost half their value during the Great Recession that started December 2007. The market lost nearly 90% of its value in the early years of the Great Depression.Extended downturns have popped previous day trading bubbles, including the one that formed during the dot-com boom. The Nasdaq composite stock index rose 400% in five years, only to lose all of those gains from March 2000 to October 2002.Markets that go down eventually come back up. That’s not true of individual stocks. Any single stock can lose value, sometimes all the way to zero, and never recover.The sensible way to hedge that risk is diversification. That means buying stocks in many, many companies, including companies of different sizes, in different industries and in different countries. That’s prohibitively expensive for most individual investors, which is why mutual funds and exchange-traded funds are a better bet.There’s no such thing as a free tradeAnother way to grow wealth is to minimize investing costs. That means trading less, not more, because trading incurs costs even when there are no commissions involved.Investments held more than a year benefit from favorable capital gains tax rates, for example. Those held less than a year are taxed as income if the trade wasn’t made in a tax-deferred account such as an IRA.Another way cost is incurred is in what’s known as the bid/ask spread. The banks and financial institutions that facilitate trading in various stocks are called market makers. They offer to sell stocks at a certain price (the ask price) and will purchase at a slightly lower price (the bid price). People who trade stocks instantly lose a little money on each transaction because of this difference. That’s not a big deal for infrequent traders, but the costs add up if you churn stocks in and out of your portfolio.The biggest potential cost, though, is that every trade exposes your portfolio to the many ways we humans have of screwing up our money. We’re loss-averse and we want to avoid regret, so we hang on to losing stocks. We think that we can predict the future or that it will reflect the recent past, when this year should have taught us that we can’t and it won’t.We also think we know more than we do, a cognitive bias known as overconfidence. If you’re determined to trade, or day trade, don’t gamble more than you can afford to lose, because you almost certainly will.This article was written by NerdWallet and was originally published by the Associated Press.More From NerdWalletSuddenly Retired? Here’s What to Do NextSmart Money Podcast: Sudden Retirement and Finding Lost MoneyYou Can Use a Crisis to Build Helpful Money HabitsLiz Weston is a writer at NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. 5216