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Hours after Amazon instructed its employees to remove the short-video sharing app TikTok from their devices -- the company back stepped.The online retail giant says the email was sent in error and there is no change to amazon's policy regarding TikTok.In the email sent to employees Friday morning and obtained by CNN, Amazon said that due to "security risks, the TikTok app is no longer permitted on mobile devices that can access Amazon email."A TikTok spokesperson said Amazon "did not communicate to us before sending their email, and we still do not understand their concerns."Politicians say the app could undermine national security given its ties to China.Cybersecurity experts have been more cautious about that assessment.TikTok is owned by the world's most valuable startup, a Chinese company named Bytedance. 828

Hotels are still struggling to fill rooms like they were before an avalanche of cancellations starting in March.Now, travelers are slowly returning to train stations, airports, and hotels.“This is something that none of us were expecting or were prepared for,” said Daniel del Olmo, the President and COO of Sage Hotel Management, a Sage Hospitality Group company. Sage Hospitality Group manages 52 hotels across the U.S.“We went from basically a level of revenue of million on a daily basis to effectively ,000 per day in early May,” del Olmo said.“The economic impact has been something that no one could have ever prepared for, you could not have prepared for it financially, you could not have even prepared for it psychologically or emotionally,” said Chip Rogers, President of the American Hotel & Lodging Association. “2020 will go down on record of having the lowest occupancy in the history of the hotel industry and that includes during the Great Depression.”The association represented the entire industry from large brands to small hotels.For smaller companies, the impact of COVID-19 is especially difficult on their bottom line. “Well over 60% of all hotels are actually classified as small businesses by the Small Business Association,” Rogers said.“In the third week of March, we found ourselves having to furlough over 90% of our staff,” del Olmo said.“With no further assistance, about two thirds of hotels say they cannot make it another six months,” Rogers said. Del Olmo said they haven’t reached that point.“We have not had to permanently close, thankfully, any of our properties,” he said. But others have. Fewer visitors means less money and less work.“We’re right at almost 2 million jobs lost in the hotel industry,” Rogers said.Del Olmo said Sage Hospitality had to furlough 5,000 employees, then eventually lay off 4,000. “What keeps us up at night,” Del Olmo said, “is how we bring our associates back to work.”In the meantime, the group is providing help for former employees. “We initially established a Sage Associate Relief Fund, which allowed us to basically provide pantry items to our associates in need,” he said.While employees still on the job were given more tasks to help fill the gap. “Everybody basically on the teams is doing multiple jobs that, in the past, they might have never done before. We have general managers that on a daily basis strip beds and run the parking,” Del Olmo explained.As hotels continue to balance health, safety and running a business, they are getting creative with ways to bring in revenue, such as hosting micro weddings and hallways concerts with musicians.“Basically roaming the halls. You basically could be listening from the comfort and safety of the entry from your room,” Del Olmo said.Even with the creative new solutions, Rogers said without aid or an uptick in travel, some hotels may suffer.“We may be a much smaller industry in the next couple of years but we will adapt,” Rogers said. 2988

Home prices hit a new all-time high this month. New numbers out today from Realtor.com show the national median listing price is at 9,000, a ,000 increase over last year.But there aren't a lot of homes available.The number for sale across the country is down 33 percent compared to a year ago.Pittsburgh and Los Angeles saw the biggest jump in housing, with respectively a 25% and 24.3% jump in median listing price from this time a year ago.The average listing is on the market for 60 days, marking no change from this time a year ago. 550

High school seniors who plan on taking a gap year this fall to wait out the pandemic could be paying for it for the rest of their lives.While a one-year wait might seem like the right decision for students who don’t want to study online or risk COVID-19 exposure, graduating a year later could cost ,000 in lifetime earnings. A new study from the Federal Reserve Bank of New York details how taking a gap year could put students behind their peers financially and create an insurmountable earnings gap.According to the study, a 22-year-old college graduate earns ,000 on average the first year out of college, and can expect to make ,000 the year they turn 25. By contrast, if a student takes a gap year and delays graduation, they can expect to earn ,000 by age 25 — ,000 less. That gap will perpetuate and compound for late graduates throughout their careers.“Being a year behind, these differences add up each and every year, so that those graduating later never catch up to those who graduated earlier,” researchers Jaison Abel and Richard Deitz write in the report. “Together, these costs add up to more than ,000 over one’s working life, which erodes the value of a college degree.”College might cost even moreCollege typically gets more expensive every year, but this year might be an exception. A few colleges are freezing tuition or offering discounts, and students might see their living expenses decrease. Federal student loan interest rates are at historic lows as well.But experts don’t expect those trends to continue past the health crisis. And missing school this fall means you don’t get to take advantage of lower college expenses.Irma Becerra, president of Marymount University in Virginia, says colleges have had to make major investments to prepare for instruction this fall. Her school plans a hybrid-flex model that will allow students to blend in-person and remote learning based on their needs and comfort level.“Every university that I know has had to incur significant expense to deal with safely reopening or keeping staff and faculty on payroll,” Becerra says.She adds that while colleges are sensitive to the ripple effects of the economic downturn, she expects them to raise tuition in the future unless the government increases investments in higher education. “I can only imagine that [colleges] will have to raise tuition because we’ve all had significant expenses.”Students who opt for a gap year may also have to face higher tuition with less aid. According to Lindsay Clark, director of external affairs at the student finance app Savi, “Taking a gap year and deferring admission could affect scholarships or financial aid offerings if they are not guaranteed for the next year.”Is a gap year still worth the risk?While experts agree that making ,000 less during your lifetime is significant, they advise students not to base their gap-year decision on that figure alone.Arun Ponnusamy, chief academic officer at the college admissions counseling company Collegewise, points out that the return on investment for college is still substantial — even with a gap-year pay dip.A college graduate will make roughly a million dollars more than a high school graduate, according to Ponnusamy. “So we are talking about, you will lose 9% of that by sitting out a year? It just doesn’t sound like that is the number you should use to choose whether or not you sit out.”Martin Van Der Werf, associate director of editorial and postsecondary policy at Georgetown University’s Center on Education and the Workforce, advises students to consider their motivations for going to college and evaluate any anxieties they might have.As the father of a rising college freshman, Van Der Werf knows firsthand the difficult choices and serious implications facing students. He says that students who are experiencing anxiety about the fall may be best served by taking off a semester or two — despite potential wage loss.“The worst thing that could happen is you start college, you don’t finish and you have all this debt,” Van Der Werf says when talking about the potential for some students to be unsuccessful with remote learning. “Then you don’t have a degree to pay off that debt.”He advises students to keep their options open and pay attention to their school’s reopening plans. “There are colleges who announced that they were coming back but are going online. If that makes you uncomfortable, you shouldn’t do it.”More From NerdWalletDon’t Wait to Refinance These Student Loans‘Shadow’ Lenders Can Leave College Students in the DarkStudent Loan Refi Rates Keep Dropping, Should You Take the Plunge?Cecilia Clark is a writer at NerdWallet. Email: cclark@nerdwallet.com. 4719

HAMPTON, Va. — Students and teachers across Hampton Roads are preparing to start the school year virtually due to the COVID-19 pandemic. That means empty classrooms for a lot of teachers in the area, including Kecoughtan High School."Now it's a little bit different because you're looking around and going, 'Hey, they're not going to be filled,'" said Mark Mingee, a history and government teacher at the school and a 20-year teaching veteran. "I'm going to be looking at a screen to see their faces, as opposed to seeing them right in front of me."But Mingee is making his classroom a little fuller. He created a fundraiser where people can donate to a scholarship fund and have their picture shown on a desk.Mingee, an avid sports fan, said he got the idea after seeing several leagues around the world fill empty stands with cardboard cutouts."You started to see these images on screens various places, or in the transition of cardboard cutouts of people in the stands," he said. "The more I thought about it, the more I thought, 'Hey, if I'm going to be in my classroom, and I want there to be people around me, the best thing to do is try to emulate that in some way.'"So far, he said many friends, alumni and current students have taken part."We're used to, as teachers, having each one of those seats filled. So, as it appears those seats are filled, it makes you feel like a normal, everyday moment in class," Mingee said. "Anything we can do to encourage these students to keep doing better, that's really what we want."He hopes to fill as many seats as possible to help him and his students.For Mingee, it's all about staying positive."You've got to be serious as a teacher, but if you can have a little bit of fun while being serious, all the better," he said.This story was originally published by Zak Dahlheimer on WTKR in Norfolk, Virginia. 1863