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Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113

Former White House chief strategist Steve Bannon believes President Donald Trump's decision to fire former FBI Director James Comey was one of the worst mistakes in "modern political history."In a "60 Minutes" interview that was posted online Sunday night, Bannon was asked whether he considered Comey's dismissal -- which ignited a political firestorm and directly led to the appointment of a special counsel to investigate Russian meddling in the 2016 election, including potential ties to Trump's campaign -- the biggest mistake in political history.Bannon responded, "That would be probably -- that probably would be too bombastic even for me, but maybe modern political history." 692

Final moments carry a weight.“I know in my heart he knew I was with him, and that was when I had to make the decision to tell him it was ok to let go, recalled Laurie Beaudette of her final moments with her father.“It was because I loved my dad so much and I didn’t want him to suffer.”Beaudette’s father, Jim Mandeville, was a veteran who served during the Korean War. He had most recently been living at the Soldiers' Home in Holyoke in western Massachusetts."He was in the Soldiers' Home for over 16 years, made a lot of friends," Beaudette said.In April, she says her 83-year-old dad’s health quickly declined."The week before Easter, we were FaceTiming and he looked like a zombie, and he couldn’t respond to me," she recalled.On April 14, Jim Mandeville died after testing positive for COVID-19.“The cramped rooms, they had way too many beds,” she explained of her father’s living conditions. “Veterans roomed, they were definitely not social distanced.”The number of people at Soldiers' Home who have died from the virus stands at 76.“It was written up by 2010 by the VA for not having sufficient space between beds,” said Paul Barabani, who served as the facility’s superintendent from 2011 to 2016. “There wasn’t enough room to get by the bed, and the wall with a walker, wheelchairs were out of the question.”He says in 2012, he submitted a 6 million expansion and renovation plan to create more space, but the state never acted on it.“I often say, only if that they listened, if they had increased the staff, as well as renovating the building, the outcome may have been different," he said.Barabani is part of the Holyoke Soldiers' Home Coalition. The group is made up of former Soldiers' Home employees and family members of residents.The coalition is working is calling for better staffing, improved facilities, and other measures to make sure an outbreak doesn't happen again at the facility.In June, an independent investigation commissioned by the governor of Massachusetts said decisions made by the home’s leadership were “utterly baffling.”The report included a social worker’s quote, stating it “felt it was like moving the concentration camp—we [were] moving these unknowing veterans off to die.”The state’s secretary of veteran services subsequently resigned, and the home’s superintendent was fired.“What I would like to say to the state right now and to leaders and politicians is, make this right," said Cheryl Turgeon, whose father is living at the facility. "Make it right now, and don’t wait. There is no excuse for waiting, knowing what we do right now.”Gov. Charlie Baker released a plan in response to the report that includes million going towards infection control and a promise to add more staffing.Turgeon’s father is still inside Soldiers’ Home.“He’s going to be 90 in September, and I want to see him hit that milestone I want to see him make that 90th birthday," she said.Turgeon is part of the Holyoke Soldiers Home Coalition, and so is Cheryl Malandrinos.“My father-in-law was more than number 63, who died at the Soldier's Home," Malandrinos said.Malandrinos’ father-in-law served overseas and returned to spend decades as a public school teacher in western Massachusetts.She says in April his health declined over the course of a week.The Malandrinos family had to say the same goodbye tens of thousands of families have said nationwide. Many members of the family were not allowed inside the hospital and had to say goodbye through video chat.While the Holyoke Soldiers' Home Coalition and many others are pushing leaders to right the wrongs that lead to the outbreak to create a better future, for the families of the 76 lost lives, the mistakes, mismanagement, and this virus have left a forever mark.“For me, I’m the one who made the decision to put him in the Soldiers' Home. I’m the one who promised him he wouldn’t die alone. I have to live with that, and I have to get up every day and realize what I thought was a godsend for him, probably ended his life early,” Turgeon said. “And I could not fulfill the one promise that I made to him when I put him in there, because he did not want to go, so I have to deal with that every day.” 4198

Finding the right child care can be a frustrating -- and expensive -- process for parents around the world, from New York to Nairobi.Access to adequate child care for all has become a "global" need, said Shelley Clark, a demographer and professor of sociology at McGill University in Canada, who has studied child care and other family dynamics."We can think of iconic images like The Atlantic monthly cover of the mom carrying the kid in the briefcase to work and how absurd that's supposed to be to us, but then when we think of women in lower-income countries, you think of the mom selling goods at the market with a kid strapped to her back, and you think, 'Well, that's not a problem for her, because she can easily combine child care and work,' " Clark said."There's this perception out there that for the kinds of work that women do in lower-income countries, it's easier to combine child care and work," she said. "The fact is, it's quite challenging for these moms, also."Clark added that families in lower-income countries spend a significant chunk of their income -- about 17% of some women's average earnings -- on child care services, similar to those in wealthier countries.Families living across 30 wealthy nations in the Organisation for Economic Co-operation and Development spend on average about 15% of their net income on child care costs, according to a 2016 report from the group, an association of 35 countries founded to improve economic development and social well-being around the world.Yet the percentage of a family's income spent on child care costs varies drastically by country: Couples spend 33.8% in the United Kingdom, but in Korea, Austria, Greece and Hungary, couples spend less than 4% due to government benefits and programs. Those findings came from the OECD's database on tax and benefits across countries compared with average net income of families in those countries.Here is a sampling of what child care looks like around the world. 1984

For the most part, we've already been sheltering in our homes as we all try to get a grip on the pandemic. And this holiday season, which started Thursday with the first day of Hanukkah, families are looking for ways to make it special.Rabbi Robert Nosanchuk says his team is helping families celebrate Hanukkah safely at home through live stream services online.“Many participants will light candles together on Zoom. So, we'll literally light up the internet,” Nosanchuk said.And while you may not be able to give gifts in person this year, you can still offer the traditional monetary Hanukkah gift virtually.But this year, Nosanchuk is asking families to focus ways to build a more peaceful and just society.“Whatever faith you may be representing, I hope you'll know that your Jewish neighbors are holding their Hanukkah menorah by the window to publicize that miracles do happen,” Nosanchuk said. “I pray strongly that we'll all be healed. We'll feel well in the new year.”This story was originally published by Taneisha Cordell at WEWS. 1051