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Florida school shooter Nikolas Cruz appeared in court on Friday and waived his right to a speedy trialCruz sat mute at the defense lawyers' table with his head bowed during the brief hearing in Fort Lauderdale.Cruz waived his right to a speedy trial through his attorney Melisa McNeill. Broward County Judge Elizabeth Scherer scheduled the next hearing for 1:30 p.m. May 25.No trial date has been set."I don't want this case treading water," Scherer said.Cruz faces 17 counts of premeditated murder and 17 counts of attempted murder. He killed 17 students and faculty at Marjorie Stoneman Douglas High School in Parkland on February 14 in one of the deadliest mass shootings in modern US history.Cruz, 19, was arrested shortly after the shooting and has confessed to being the gunman, court documents show.A judge entered a plea of not guilty on Cruz's behalf when he was arraigned in March after his attorney told the judge the teen was standing mute to the charges, meaning he was declining to enter a plea.Prosecutors had said they intended to seek the death penalty for Cruz, saying the shooting was "especially heinous, atrocious or cruel."Cruz's defense team has said there is no question he did it, and he's willing to plead guilty to avoid the death penalty.Defense attorney Howard Finkelstein said he would prefer his client take a plea and serve 34 consecutive life sentences, one for each of the counts on which Cruz has been indicted.The prosecution had expressed frustration after listening to the defense's request."The state of Florida is not allowing Mr. Cruz to choose his own punishment," Assistant State Attorney Shari Tate told the court at a previous hearing.Scherer has received mail asking her to show mercy to Cruz. A three-page letter from a Minnesotan called the shooter "a vulnerable and disabled little boy inside a teenager's body."More pieces of sympathetic mail from all over the United States and Europe have arrived at the county jail where Cruz is being held, according to the Broward County Public Defender's Office.Cruz appeared at a hearing on April 11 as a probate judge tried to determine whether taxpayers will pick up the tab for the teen's defense or he can pay for his defense.The-CNN-Wire 2240

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

For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City.The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course, workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.It is the first time since 1973 that such a severe unemployment gap has persisted for six months or longer.AARP said the study bolstered concerns about the economic impact of the virus on on older workers. When people over 50 lose their jobs, it typically takes them twice as long to find work as it does for younger workers, the organization representing the interests of older Americans estimates.The pandemic “may be something that is pushing people out of the workforce and they may never get back in,” said Susan Weinstock, AARP’s vice president of financial resilience programing.In every recession since the 1970s, older workers had persistently lower unemployment rates than midcareer workers — partly because of seniority benefits.But in the current recession, older workers experienced higher unemployment rates than midcareer workers in each month since the onset of the pandemic.The older workers’ unemployment rates from April through September were 1.1 percentage points higher than mid-career workers — at 9.7% versus 8.6%. The rates were compiled using a six-month rolling average and were far worse for older workers who are black, female or lack college degrees.Among the newly unemployed older workers is Legasse Gamo, 65. He was laid off in March from his job as a baggage handler at Reagan National airport in the Washington suburb of Arlington, Virginia.While Gamo is afraid of exposing himself to the coronavirus by working around others, he said he has looked for work — because he feels he has little choice but to take any job he can find.The contractor he worked for, Eulen America, has required its laid off employees to reapply for their jobs. Gamo did so but said he has received no reply.The immigrant from Ethiopia supports three grandchildren, ages 6, 12 and 14, who live with him. His daughter is still employed, but her pay is not enough to cover their expenses. Gamo gets 0 a week in unemployment insurance payments and said he has spent almost all of his savings.“I just want to get back to my job as soon as possible to support my family because I’m afraid we will end up homeless,” Gamo said.The New School study focused only on workers with established careers. As a result, it did not examine workers younger than 35.It found that the pandemic has posed a unique risk for older workers, said Teresa Ghilarducci, director of the New School’s Schwartz Center for Economic Policy Analysis.“The higher rate of unemployment for older workers might be because this is a once-in-a-lifetime chance for employers to shed older workers and not fear investigation by the labor department,” Ghilarducci said.She added: “Age discrimination rules are not being tightly enforced. Employers, fearing economic instability, may want to get rid of relatively more expensive workers and take their chances with training new workers when the economy recovers.”Older workers often face age discrimination, making it difficult for them to find jobs. Researchers believe employers laid off and resisted rehiring older adults, in part because they tend to face more serious health risks when infected by the virus.The unemployment spike for older workers could force more of them into early and involuntary retirement, worsen their financial well-being and exacerbate financial disparities already experienced by women, minorities and people without college degrees in terms of retirement security.New School researchers estimated that 1.4 million workers over 55 remain lost their jobs since April and remain unemployed. The figure does not include workers who became unemployed in April and left the work force.The situation could have deep ramifications for older workers close to retirement because their final years on the job are critical for those who have not saved enough for their retirement and expect to work longer to shore up their retirement funds.“Retirement security is very fragile and a lot of them never recovered from the recession in the first place,” said Weinstock, of the AARP. “They were planning on working to make up for money they hadn’t saved and then they aren’t able to make those catch up payments they need.”The Schwartz Center for Economic Policy Analysis at the New School has estimated in research separate from Monday’s study that 43 million people now in their fifties and early sixties will be poor when they become elderly because of economic conditions or a lack of adequate savings in retirement plans.The researchers who conducted the new study recommended that Congress increase and extend unemployment benefits for older workers, discourage withdrawals from retirement accounts, lower Medicare eligibility to 50 and create a federal Older Workers Bureau to promote the welfare of older workers.____AP Business Writer Alexandra Olson contributed to this report from New York 5294

FRANKFURT, Germany (AP) — Air travel will take even longer than previously thought to return to pre-virus levels. That's the gloomy prediction from the air transport trade association or IATA. They are pushing their forecast back by a year, to 2024. That's when they say travel will make it back to 2019 levels. "A slower recovery will put more airlines in financial peril," a release from the trade association stated. "And, as we have said many times in these briefings, government relief measures are essential."In June, air travel around the world was down 86% compared to a year earlier. IATA says air travel recovery will take longer because of the resurgence of cases in many places including the U.S. 716

Feel like taking a late night swim in your backyard pool? Finding a giant gator beat you to it is not want you want to see.A homeowner in Sarasota, Florida got the surprise of a lifetime when an 11-foot gator was discovered taking a late Friday night dip on the lanai.Sarasota County sheriff's deputies and a gator trapper were contacted to remove the gator.The gator didn't immediately want to go.After a short struggle, the gator gave up and was taken away quietly.  481