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For the second consecutive day, more than 2,000 lives were lost in the United States due to the coronavirus, according to Johns Hopkins University data.On Wednesday, 2,216 coronavirus-related deaths were recorded throughout the US, marking the most since May. Tuesday was the first time since May that 2,000 coronavirus-deaths were recorded in the US.The US death toll from the coronavirus is at 262,090 as of late Wednesday. The average number of coronavirus-related deaths in the US has now reached 1,600 per day, which is more than double the number of deaths per day a month ago.Also doubling in the last month is the number of COVID-19 hospitalizations. According to the COVID Tracking Project, the number of Americans currently hospitalized with COVID-19 is nearly 90,000. Just thirty days ago, there were 42,000 coronavirus-related hospitalizations. Sixty days ago, fewer than 30,000 were hospitalized with the coronavirus.The rapid spread of coronavirus cases in recent weeks has prompted grave concern among public health experts that family gatherings for Thanksgiving will make for a dire situation for America’s already overwhelmed and increasingly overwhelmed hospitals. 1191
ly injury to a public safety officer, authorities said, citing a criminal complaint, which is sealed. 1307
Friday brought another round of dramatic price cuts in the oil patch.US oil prices plummeted 7% and sank deeper into a bear market that has alarmed investors and made drivers around the world happy.The latest wave of selling knocked crude below a barrel for the first time since October 2017.Anxiety about oversupply and diminished demand have sent crude down by a third since it soared to a four-year high above a barrel in early October. Observers have gone from fearing 0 oil to expressing concern over why its price collapsed so quickly."The unrelenting six-week selloff has been unnerving to say the least," Michael Haigh, head of commodities research at Societe Generale, wrote to clients on Wednesday.Oil bulls are hoping OPEC and Russia come to the rescue by announcing steep production cuts at a meeting next month in Vienna. However, President Donald Trump is pressuring Saudi Arabia and OPEC not to reduce output despite the crash in prices. Traders are worried Trump's recent praise for Saudi Arabia signals the Saudis won't back a significant production cut.For the week, US oil prices are down nearly 10%.Lukman Otunuga, research analyst at FXTM, described the weekly selloff as "brutally bearish."Brent crude, the global benchmark, shed 5.5% on Friday and declined to a new 2018 low of a barrel.The meltdown was triggered by a series of developments that darkened the energy outlook. Prices soared over the summer as Trump vowed to zero out Iran's oil exports. That led Saudi Arabia, Russia and especially the United States to ramp up production. However, the Trump administration later took a softer approach on Iran sanctions to keep oil from spiking. Officials granted temporary waivers to China, India and other buyers of Iran's crude. That headfake left the oil market staring at a potential glut.At the same time, global growth fears emerged in financial markets. Economists are marking down their GDP forecasts for 2019. Germany and Japan, the world's No. 3 and 4 economies, are already in contraction. China is slowing, too. None of that is bullish for oil, which powers the world economy."Rising global crude supply coupled with worrying signs of slowing demand have written a recipe for disaster for the oil markets," Otunuga wrote to clients on Friday.The rapid collapse in oil prices caught many off guard, including hedge funds that made outsized bullish bets on crude earlier this year. Large commodity funds have accumulated losses in excess of .7 billion so far this quarter, Societe Generale estimates."Sentiment on commodity markets has been despondent," Haigh wrote.The energy slump came at just the right time for consumers though. Millions of Thanksgiving travelers were greeted by cheaper prices at the pump. The average gallon of gallon fetched .58 on Friday, down sharply from .84 a month ago, according to AAA. 2880
Fewer people are choosing to live in senior housing amid the pandemic. Occupancy has gone down more than 2.5% for two quarters in a row.A trade group for housing providers looked at numbers from April through September of this year and found the senior housing sector is experiencing the largest drop in occupancy on record.“We have heard from people who, you know, their first priority is to get older parents out of more hazardous locations, such as nursing homes, and when they are looking for options in terms of where to move them, part of the option of course is to bring them into their home,” said Danielle Arigoni, Director of AARP Livable Communities.Arigoni says the financial benefits of living in a multi-generational home are getting some people to think about it during the pandemic. But others are avoiding it because of concerns about COVID-19 exposure risks for older family members.Arigoni says there is a renewed interest in accessory dwelling units. That's something UMH Properties is working on now with its "care cottages." The service will let people lease a prefabricated 1 bedroom 1 bath temporary home that you put on your property.“We believe we can get it approved because it's going to be temporary. It's going to be ADA compliant. And with those things in mind, the zoning department of a town should approve bringing the manufactured home onto somebody's lot where it's zoned as a single-family residential lot,” said Sam Landy, CEO of UMH Properties.Landy says COVID-19 sparked the idea for the “care cottages,” but he expects there to be interest in them beyond the pandemic.The company has received dozens of people asking about the care cottages since it started marketing them in September.If you have older family members moving into your home instead, AARP recommends having certain parameters around chores and expectations. Privacy can be a concern for an older adult who has lived alone for a long time. You also need to prepare your home for things like trip hazards. 2018
Football fans, your bed times will be a little earlier for regular season night games.A report from Ben Volin of the Boston Globe says that the NFL will be starting its night games a few minutes earlier than last year. 226