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General Electric is cutting its stock dividend for only the second time since the Great Depression.The company announced Monday that it will cut the dividend from 24 cents to 12 cents per share.GE is one of America's most widely held stocks, and countless shareholders, including retirees, rely on the dividend payments. But the company is under enormous pressure to restore investor confidence. The stock has lost a third of its value this year.The company also cut its dividend in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the stock market is booming.GE plans an update for investors Monday morning and is expected to detail a strategy to stabilize the company by slashing costs and selling more businesses.It has already gotten rid of its real estate portfolio, its dishwasher and appliance business, and media properties NBC and Universal Studios. More recently, it unloaded its water business and a unit that makes electrical equipment for utilities.Even the light bulb division is up for sale as part of GE's mission to focus on being a modern industrial company that sells things like jet engines, power plants and MRI machines.GE confirmed on Friday that job cuts, some of which have begun, are part of a previously announced plan to cut costs by billion.  1386

GRAND RAPIDS, Mich. — David Burkard, a 28-year-old Emergency Room doctor at Spectrum in Grand Rapids, Michigan, is currently working on his residency, but about two weeks ago he was a patient at the same hospital, due to COVID-19.“I woke up on a Thursday morning, just not really feeling like myself. I had a fever, cough, short of breath, fatigue, all the classic symptoms”, he explained. But Burkard admits, as someone who runs five days a week with no underlying health concerns, he wasn’t real concerned about how it would affect him. “I am a young healthy guy. Probably prior to getting it, I probably at one point said, ‘I hope I can just get it and get it over with,' because I didn’t think it would hit me,” Burkard added.Nearly a week of not feeling well, Burkard thought he was getting better, but his symptoms quickly took a turn for the worse he explains. "On day six, someone dropped a package off on my door and I got up out of bed and went and picked it up. And it’s about ten steps to my door, and I bent over and picked up the package and was like, ‘Oh, that’s not normal.’” A couple of days later, he went to his own workplace, the Spectrum Health Emergency Room, due to his dropping oxygen levels, which went from the high 90s to the low 80s. “That’s when you start to worry that like, your organs, your liver, kidney, brain, heart start to not get enough oxygen,” he said.After three days in the hospital and receiving supplemental oxygen, convalescent plasma and Remdesivir, Burkard turned the corner and was released to go home.He now thinks this experience will make him an even more compassionate doctor once he’s allowed to return to the work that he loves. “I think it definitely changes the way I practice medicine, going into those conversations in the future. The 75-year-old man who says goodbye to his 75-year-old wife before we put a breathing tube in, or the 50-year-old man who has to zoom with his family because he’s going downhill quickly. Those are experiences that we, as emergency medicine physicians, deal with every day. I mean, my experience was not the same, I did not have to get a breathing tube. Another takeaway is just the loneliness that I felt when I was admitted to the hospital and being able to relate to patients now on that level is something that’s important to me," Burkard explained.He is now urging everyone to take this virus seriously as we head into a holiday season where we usually gather with family and friends.This story originally reported by Derek Francis on FOX17online.com 2553

Here's what's making headlines in the political world Saturday, May 5, 2018.NYT: Trump knew about Stormy Daniels payment before denial-- President Trump knew about a 0,000 payment to adult film actress Stephanie Clifford, whose stage name is Stormy Daniels, before denying any knowledge of the payment last month, according to a New York Times report.Michael Cohen, the president's personal lawyer, made the payment in October 2016 just before the president won the 2016 election. President Trump has denied knowing anything about the payment to keep the alleged affair between him and Clifford under wraps.Last month, while aboard Air Force One, President Trump told reporters he knew nothing about the payment. This week, however, new Trump team lawyer Rudy Giuliani said the president had reimbursed Cohen for the payment.The president has continued to deny knowledge of the payment.Read more.Trump reassures NRA: "We will protect your Second Amendment"-- President Trump reassured a packed house at an annual meeting of National Rifle Association members, "your Second Amendment rights are under siege, but they will never ever be under siege as long as I am your president."Just returned home to the beautiful White House, from Dallas, where the Arena was packed to the rafters with the great fans and supporters of the @NRA. It was so wonderful to be there!— Donald J. Trump (@realDonaldTrump) May 5, 2018 1442

Goldman Sachs' chief economist says if masks were required across the country, it could save the U.S. economy from a 5% loss.According to Forbes and CNBC, Jan Hatzius said in a note to clients that a nationwide mask requirement would prevent the spread of COVID-19 and prevent the need for further lockdown restrictions."We find that face masks are associated with significantly better coronavirus outcomes," Hatzius said. "Our baseline estimate is that a national mandate could raise the percentage of people who wear masks by 15 [percentage points] and cut the daily growth rate of confirmed cases by 1.0 [percentage point] to 0.6%. These calculations imply that a face mask mandate could potentially substitute for lockdowns that would otherwise subtract nearly 5% from GDP."According to the Bureau of Economic Analysis, the U.S. GDP totaled about .54 trillion in the First Quarter of 2020. According to Hatzius' analysis, not instituting a national mask requirement would cost the U.S. economy just over trillion.Several studies show that a mask or facial covering limits the wearer from spreading airborne droplets when speaking, sneezing or coughing. The coronavirus can live outside the body in these droplets for several hours and, in turn, infect other people — even before the person who spread the droplets has exhibited symptoms of COVID-19.Earlier this year, the Centers for Disease Control and Prevention (CDC) issued guidance that strongly recommended all Americans over the age of 2 wear masks in public, particularly in situations that would make social distancing impossible. However, it's stopped short of requiring masks.The CDC also says those who have trouble breathing should not wear a mask if it puts the wearers' health at risk.President Donald Trump has left individual states to issue mask requirements as they see fit, but has notably chafed at wearing face coverings during public appearances. He has also declined to require masks at his indoor rallies.About one-third of states across the country currently require masks when in public. Forty-six states require masks in certain instances. Presumptive Democratic Presidential Nominee Joe Biden has said he would make masks a requirement for the remainder of the pandemic should he be elected president. 2298

FROSTPROOF, Fla. — The horrific act of violence done to an elderly beagle named “Max” is so severe it’s bringing tears to the volunteers tasked with saving his life.The beagle was found wandering December 11 near a home on the 500 block of Otto Polk Road in Frostproof, Florida. A good Samaritan cleaned Max’s wounds and then called Hardee Animal Rescue Team (HART), a nonprofit based in Wauchula, Florida to save his life.“Knife wounds on top of his neck and the big laceration across his back and a bullet on his head and a bullet on his ear,” said Leigh Sockalosky, the president of HART. “He got a blood transfusion yesterday. He was doing well but we did the blood transfusion to boost him up because the tissue, a lot of it dies and you have a lot of infection you are battling.” 808