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For those wondering if “Jeopardy!” would go on after Alex Trebek’s death, Jeopardy producers confirmed on Monday that the show must go on.Jeopardy executive producer Mike Richards released a statement on Monday saying the show would resume production on November 30. The show will resume with Ken Jennings, a former contestant who was deemed the “Greatest of All Time” in January, as the first to guest host following Trebek’s death. Other guest hosts will be announced in the future.Jennings joined the program at the start of the current season as a consulting producer. Before winning the “Greatest of All Time” series in January, Jennings set a still-standing record of 74 wins in a row in 2004.“Alex believed in the importance of Jeopardy! and always said that he wanted the show to go on after him,” said Richards. “We will honor Alex’s legacy by continuing to produce the game he loved with smart contestants and challenging clues. By bringing in familiar guest hosts for the foreseeable future, our goal is to create a sense of community and continuity for our viewers.”Originally, Jeopardy! said it would have new episodes taped before Trebek's death through December 25. On Monday, the game show said that during the weeks of Dec. 21 and 28, Jeopardy! will air a top 10 of Trebek's past episodes. The final episode filmed before Trebek's death will air January 8. New episodes featuring Jennings will air starting January 11. "There will only ever be one Alex Trebek, but I'm honored to be helping Jeopardy! out with this in January," Jennings tweeted.Trebek died two weeks ago after being diagnosed with stage 4 pancreatic cancer. 1649
For most of the pandemic, people have enjoyed record low interest rates, making way for a boom in mortgage refinancing. But experts say the upcoming election could have a major impact on whether those rates stay low."I think for a lot of reasons there will be even more volatility. You have the backdrop of the pandemic, you have quite a rivalry," said Josh Stech, Co-founder and CEO of Sundae, a company that helps people with homes in bad condition get their properties sold. Stech says the pandemic has created even more of a wedge between the two parties and interest rates will be impacted."I would say that we’re cautiously optimistic that we’ll see a strong 2021 regardless of who wins but there’s always that looming uncertainty of who wins and also what policies that follow that, that could impact unemployment, that could impact tax rates, that could just change consumer behavior again," said Stech.Matthew Garcia, a Senior Loan Officer with Supreme Lending, says historically, interest rates waver before an upcoming presidential election. "Last election in 2016, rates were in the lower threes. Literally, two to three days later rates went into the fours. That’s how violent and how rapid interest rates can move. A lot of folks', mistakes people make is they think the government makes interest rates. They don't. Interest rates for mortgages are controlled by bond market activity," said Garcia. Specifically, Garcia says, treasury bonds and mortgage-backed securities."Now, at some point, depending on what the next president decides to do, if that affects monetary policy by the Fed(eral Reserve) and the Fed has already come out and said we don't plan on changing anything but the president has the ability to influence that. If they make a decision that could ultimately affect what the Fed’s decision on monetary policy is, we would see a rapid increase in interest rates according with that," said Garcia.Another potential big influence on interest rates? "If COVID-19 is cured, you’re going to see rates spike overnight. Or any kind of change in economic policy or even, too, the economy itself being affected by COVID has the potential to drive interest rates a lot higher. So, there’s definitely on the horizon two major components, the election and COVID cure that are going to affect interest rates going forward," said Garcia.Garcia says it's best to take advantage of interest rates while they're low. Experts recommend speaking to a loan officer or financial advisor before taking out a loan. 2531
For the second year in a row, US seniors will see increases in their Social Security checks starting in January.Recipients will get a 2.8 percent boost in 2019, higher than last year's 2 percent increase — which followed years of minimal changes in payments.The average payment for all retired workers will go up from ,422 to ,461 per month, or .The annual cost of living adjustment is pegged to inflation, which has been rising faster over the past year. The upcoming 2019 increase, which will cover 67 million Americans, is the largest since a 3.6 percent hike in 2012.The announcement from the Social Security Administration comes after the release of the Consumer Price Index for September, which shows a 2.3 percent increase in the cost of all items over the past year. The year-over-year increase in August was 2.7 percent.Lately, the largest component of rising costs has been housing, with low inventory and a re-emergence of first-time home buyers driving up prices. The CPI's measure of gas prices is also up 9.1 percent since last September.Senior advocacy groups hailed the increase but said it still wasn't enough to cover the living costs of older Americans.The Senior Citizens League, a group mostly comprised of retired military veterans, voiced a particular concern in a report released Thursday: that the 5 million Social Security recipients with the smallest monthly payments would effectively see no increase in 2019 after taking into account rising premiums for Medicare Part B, which are automatically deducted from Social Security Checks."We need to strengthen and expand Social Security with COLAs that reflect the real expenses seniors face," said Richard Fiesta, executive director of the Alliance for Retired Americans, which is supported by major labor unions.The group supports pegging cost-of-living increases instead to a measure of inflation specifically tailored to people older than age 62, which factors in higher healthcare costs. A bill has been introduced in the House to make that change and hasn't moved further. 2082
Five people died when a small plane crashed in a Southern California parking lot on Sunday, according to the Orange County Fire Authority.The twin-engine Cessna plane crashed in Santa Ana, and had been bound to John Wayne Airport in Orange County, said Capt. Tony Bommarito, the public information officer with Orange County Fire Authority.There were no survivors on the airplane, he said.The plane crashed just a block away from South Coast Plaza, a large mall. There were no injuries on the ground. The plane hit an unoccupied, parked vehicle on the ground, but the owner was in a store at the time of the crash, Bommarito said. 638
Former President George W. Bush said Sunday that he has extended congratulations to President-elect Joe Biden and Vice President-elect Kamala Harris on winning the 2020 presidential election, breaking with prominent members of his party in the process.In a statement released by the George W. Bush Presidential Center, the 43rd president said he is optimistic that Biden will help bring the country together."Though we have political differences, I know Joe Biden to be a good man, who has won his opportunity to lead and unify our country," Bush said in a statement. "The President-elect reiterated that while he ran as a Democrat, he will govern for all Americans. I offered him the same thing I offered Presidents Trump and Obama: my prayers for his success, and my pledge to help in any way I can."Bush also acknowledged President Donald Trump's intent to challenge the election results on allegations of massive voter fraud, which thus far have proven to be baseless."President Trump has the right to request recounts and pursue legal challenges, and any unresolved issues will be properly adjudicated," Bush said. "The American people can have confidence that this election was fundamentally fair, its integrity will be upheld, and its outcome is clear."By issuing congratulations to Biden, Bush — the only former Republican president currently living — has broken with the majority of top Republicans currently serving in government. Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy have not yet publicly acknowledged Biden as President-elect, and several other prominent Republicans have publicly refused to declare Biden the victor despite projections from most major media outlets.Sen. Mitt Romney, R-Utah, and Maryland Gov. Larry Hogan are among the few Republicans who have acknowledged Biden's projected victory."We must come together for the sake of our families and neighbors, and for our nation and its future," Bush said.Bush also congratulated America as a whole for setting records in voter turnout. Biden and Trump both received more votes in the 2020 election than any other presidential candidate in previous elections."The fact that so many of our fellow citizens participated in this election is a positive sign of the health of our democracy and a reminder to the world of its strength," Bush said. "No matter how you voted, your vote counted." 2408