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The Washington Post has settled a libel lawsuit with Kentucky high school student Nicholas Sandmann, who was at the center of a viral video controversy in 2019.Sandmann sued several news media outlets after their coverage falsely painted his as a racist, wearing a ‘Make America Great Again’ hat during an interaction with a Native American activist near the Lincoln Memorial in Washington D.C. Judge William O. Bertelsman previously dismissed the lawsuit, but later reinstated the case, after he reviewed an amended complaint.On Friday, Sandmann celebrated the settlement on Twitter. 592

The Temple University Board of Trustees decided Friday to rescind the honorary degree it gave to Bill Cosby, one of its most famous alums and a former trustee.In a three-sentence statement, the university said the decision was due to his conviction Thursday on three counts of aggravated indecent assault."In 1991, based on his career achievements, Temple awarded an honorary degree to William Cosby," the statement said. "Yesterday, Dr. Cosby was found guilty by a jury of the felony of aggravated sexual assault. Today the Temple University Board of Trustees has accepted the recommendation of the University to rescind the honorary degree."Cosby graduated from Temple and had been on the Board of Trustees for 32 years until he resigned in 2014 amid accusations that he sexually assaulted dozens of women over decades."I have always been proud of my association with Temple University," Cosby said in a statement released by the university at the time. "I have always wanted to do what would be in the best interests of the university and its students. As a result, I have tendered my resignation from the Temple University Board of Trustees."Through his powerful role at Temple, he met Andrea Constand, who worked for the university's women's basketball team. Cosby was found guilty of drugging and assaulting Constand at his home outside Philadelphia in January 2004.The-CNN-Wire 1392

The stock market continued a September slide Monday, with the Dow Jones Industrial Average falling about 800 points at one point. The S&P 500 sank 1.2%, though a last-hour recovery helped it more than halve its loss from earlier in the day.The Dow Jones Industrial Average fell 509.72, or 1.8%, to 27,147.70 after coming back from an earlier 942 point slide. The Nasdaq composite slipped 14.48, or 0.1%, to 10,778.80 after recovering from a 2.5% drop.Monday’s downward movement was seen across many sectors, and market watchers point to multiple reasons.Multiple media outlets are reporting about documents indicating major banks around the world potentially ignored red flags and allowed millions to be transferred by questionable companies or individuals. Stock prices for banks, including JP Morgan Chase, fell on Monday. Many are worried about a spike in coronavirus cases and potential new “waves” of the virus; the United Kingdom announced they are seeing a sharp increase in cases.The recent death of Supreme Court Justice Ruth Bader Ginsburg and subsequent announcement a replacement could come soon means congress will be focused on hearings and the nomination process, and potentially not focused on any federal coronavirus relief aid, according to Marketplace.org.Without federal relief, economic experts have warned of a longer recovery. The Federal Reserve last week said the future of the U.S. economy remained uncertain.Over the weekend, China announced a new regulatory body that could blacklist foreign companies that put China’s national security at risk. NPR says this group could target U.S. tech companies operating in China, like Apple, Cisco, and others.Monday’s slide comes after a few weeks of stock market losses. September is historically the worst month for stocks, according to the Associated Press.“The market has been poised to just pull back, take a breather,” said Quincy Krosby, chief market strategist at Prudential Financial. “Raising capital is prudent during a month that is known statistically, historically for being difficult for the market.” 2095

The U.S. economy added 250,000 jobs in October, significantly exceeding expectations, the government announced Friday.The unemployment rate remained at 3.7 percent, a 49-year low. Wages grew 3.1 percent, strong growth after years of stagnant paychecks.The number will likely serve as a talking point for President Donald Trump and Congressional Republicans as they make closing arguments before the midterm elections next Tuesday.The year-over-year percentage growth in average hourly earnings looks larger than it actually is because wages declined last October as low-wage workers returned to their jobs following a particularly strong hurricane season. Month to month, hourly earnings increased by only five cents, a modest increase. 744

The same day that the First Baptist Church of Sutherland Springs held its first service since a gunman opened fire on parishioners last week, killing 25 people and an unborn child, residents and visitors got to see how the church had been turned into a memorial.On Sunday evening, the church opened its doors and invited the public inside the sanctuary, which had been emptied and transformed into a memorial, completely covered from floor to ceiling in white.Those who visited found 26 roses on 26 white chairs, representing each of the victims who lost their lives. 575