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FULLERTON, Calif. (AP) — Police say a suspect has been arrested in the stabbing death of a man at the California State University, Fullerton campus.Fullerton police Lt. Jon Radus on Thursday told The Associated Press that 51-year-old Chuyen Vo was arrested Wednesday night at his home in Huntington Beach. Vo is suspected in the death of a former co-worker, 57-year-old Steven Shek Keung Chan. Police would not elaborate on the work relationship between the two men.Chan worked as the director of budget and finance and student services for university extended education but retired in 2017. He returned to the campus in January to work as a consultant.Authorities have said Chan was found stabbed numerous times inside his silver Infiniti in a campus parking lot on Monday, and they believe it was a targeted attack. 825
GameStop announced this week that an additional 400 to 450 locations would close across the country by the end of 2020.While more video games are available for digital downloads, the next generation PS5 and Xbox will contain disc drives. The company was concerned that the next generation models would be digital only.Already in the last year, GameStop has closed 388 locations, shrinking its current retail footprint to 5,192 locations.“This will allow us to more efficiently and profitably service our customers,” company CEO George Sherman said about the closures.While many retailers have been shrinking their footprints as customers change their buying habits, GameStop is also encountering a change in technology in recent years, which has allowed customers to purchase games online.But GameStop says that there are some customers who prefer a physical disc, and that large video game downloads can use up internet data.“We believe the actions we are taking to optimize the core operations of our business by increasing efficiencies and creating a frictionless digital ecosystem to serve our customers, wherever and whenever they choose to shop, are enabling us to navigate the COVID-19 environment while positioning us well for the launch of the next generation of consoles,” Sherman said.GameStop saw a 26.7% drop in Quarter 2 sales in 2020 compared to 2019. 1374
Harry Leslie Smith, a World War II veteran and fierce critic of austerity politics, has died at the age of 95.Smith's son, John, confirmed his father had died in his adopted homeland, Canada, in the early hours of Wednesday morning."I am an orphan," he wrote on his father's official Twitter account. Smith fell ill and was hospitalized around a week ago, while John kept running his father's account.He added: "My dad had been so dreadfully thirsty because he'd had nil by mouth orders for almost a week. So when he decided that the potential for full recovery was not possible, he was allowed to drink a beer. Sadly though he couldn't eat."Smith was born in Yorkshire in northern England to a family of miners and grew up in poverty. He lived through the Great Depression, a period of his life that had shaped his political views.He served in Britain's Royal Air Force in World War II, but it was in his later years that he became more involved in political debate. He wrote a book, "Don't Let My Past Be Your Future: A Call to Arms," in which he criticizes the austerity policies of the United Kingdom, Canada and the United States, and warns younger generations against the rise of fascism.At the age of 94, Smith started a podcast called "Harry's Last Stand" and launched a fundraising campaign to allow him to tour refugee camps around the world.He was also a vocal supporter of the British Labour Party and advocate for the UK's National Health System, particularly by supporting junior doctors facing wage cuts.He used his Twitter account to amplify his beliefs, reaching more than 250,000 followers.Jeremy Corbyn, the leader of the Labour Party, paid tribute to Smith on Wednesday."We will all miss Harry Leslie Smith - he was one of the giants whose shoulders we stand on. A World War Two veteran who dedicated his life to fighting for our National Health Service, a peaceful world and for countries to meet their moral responsibility by welcoming refugees," Corbyn tweeted.In one post Wednesday, John vowed to continue his father's work: "I know exactly what my steps are. I will follow in his footsteps. I will endeavor to finish his projects." 2164
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
Goodyear tires are seen on President Donald Trump's limousine, nicknamed "the Beast," after his arrival at the White House, Thursday, Aug. 20, 2020, in Washington. Trump returned to the White House by motorcade from Andrews Air Force Base, Md., after a trip to Old Forge, Pa. (AP Photo/Patrick Semansky) 311