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Hertz has been in business for over 100 years.In May, the car-rental company filed for reorganization under Chapter 11 in bankruptcy court in Delaware.On Monday, Hertz announced in a press release that revenues were down 70% as it reported its second-quarter financial results."In the second quarter, like so many companies whose revenues have sharply declined due to the pandemic's significant impact on global travel, we had to make difficult but necessary decisions to strengthen and position the company for growth for many years to come," said Paul Stone, President and Chief Executive Officer of Hertz Global in the news release. "The toughest decisions have been those that impact the livelihood of our dedicated workforce and our voluntarily reorganizing under Chapter 11 in North America. We are moving through our reorganization process and remain focused on emerging an even stronger global rental car leader better positioned to serve our customers around the world."The parent company, Hertz Global Holdings, recorded revenue of 2 million, but with a net loss of 7 million.And with air travel impacted by COVID-19, the company said airport car rentals were down 82%.In the news release, the company said they saw a strong rebound in its used-car market in May and June, and they were able to "sell cars aggressively as we right-size the fleet to align with market realities.""We continue to make disciplined adjustments to our cost structure based on revenue fluctuations and expect to generate about .5 billion in annualized savings," said Stone in the release. "Our priority is fleet management. The continued strong used-car market allows us to continue to sell cars aggressively as we right-size the fleet to align with market realities. Across the business, our team is laser-focused on capturing revenue, driving efficiency, and advancing critical technology. In the U.S., we continue to capitalize on rental opportunities off-airport, while ensuring customer service levels remain best-in-class. Internationally, our fleet is trending toward demand levels. And our Donlen leasing business remains stable. Finally, continuing to keep our teams and our customers safe in this unpredictable environment is of utmost importance to everyone at Hertz." 2282

HIROSHIMA, Japan (AP) — The city of Hiroshima in western Japan is marking the 75th anniversary of the U.S. atomic bombing.The Aug. 6, 1945, bombing was the world’s first nuclear attack. Three days later, the United States dropped a second atomic bomb on Nagasaki.Japan surrendered on Aug. 15, ending World War II and the Japanese aggression in Asia that lasted nearly half a century.Hiroshima was a major Japanese military hub with factories, military bases and ammunition facilities before the bombing.An estimated 140,000 people, including those with radiation-related injuries and illnesses, died from Aug. 6 through Dec. 31, 1945. That was 40% of Hiroshima’s population at the time. Hiroshima today has 1.2 million residents.Thursday, survivors of the Hiroshima bombing gathered in diminished numbers to mark the anniversary. They urged the world, and their own government, to do more to ban nuclear weapons.The coronavirus meant a small turnout, but the survivors’ message was more urgent than ever.Survivors want younger generations to learn their lessons while they are still around.As a girl, Koko Kondo had a secret mission: Revenge against those who dropped the Aug. 6, 1945, atomic bomb. She has overcome her hatred, as well as humiliation and discrimination.Kondo now is a peace activist following in the footsteps of her father, Rev. Kiyoshi Tanimoto, one of six survivors featured in John Hersey’s book “Hiroshima.” 1437

HILTON HEAD ISLAND, S.C. (AP) — A woman trying to protect her dog was killed by an alligator who pulled her into a lagoon at a private South Carolina resort Monday, authorities said.Cassandra Cline, 45, of Hilton Head Island, was walking the dog along a residential area of Sea Pines Resort when she was attacked, state and local officials said. The 8-foot (2.5-meter) alligator was later found and killed, said David Lucas, a spokesman for the South Carolina Department of Natural Resources."She was walking the dog near the lagoon and the alligator came out of the water and tried to get the dog," Lucas said. "The lady tried to rescue the dog and a maintenance worker ran over to help."Both were trying to save the dog, but the alligator dragged the woman into the water, he said.The dog was unharmed."It's common practice when we have an aggressive alligator like that, we put it down, but it will take some take some time to confirm it's the right alligator," said Capt. Robert McCullough of the Department of Natural Resources.Alligator attacks on humans are extremely rare, Lucas said.Since 1976, there have only been about 20 attacks on people in the state, he said. Until 2016, none of those attacks had been fatal. In 2016, a 90-year-old woman wandered away from a Charleston assisted living facility and was found dead in a pond.Blake Smith, 34, was leaving his house Monday morning when he saw police cars and firetrucks in the neighborhood."I waited for about 30 minutes, then I started hearing rumors about what happened down the road from here," Smith told The Island Packet newspaper. "It's odd because this is the first time we've heard about an aggressive alligator around a human in the five years that we've been living here."Smith said that at times, alligators have been spotted in yards or pools, but Sea Pines quickly removed those animals."They do a good job. This is just a sad incident," he said. "I have a young son, so it's kind of concerning to see something like this could happen."Sea Pines said in a statement that it's working with authorities "to ensure necessary access to the site while the investigation is underway."The Sea Pines Resort is in the southern third of Hilton Head Island, located along 5,000 oceanfront acres (2,023 hectares), its website says. 2314

German police fired water cannon and used pepper spray in the city of Chemnitz on Monday night as 6,000 far-right demonstrators, some chanting neo-Nazi slogans and giving Hitler salutes, clashed with counter-protesters over the fatal stabbing of a German man.An Iraqi and a Syrian man in their early 20s have been arrested after a brawl in which the 35-year-old German was stabbed, triggering two days of anti-migrant rallies.The Saxony state police said there were around 1,500 counter-protesters, vastly outnumbered by far-right demonstrators, many of whom had traveled from other states to Chemnitz.Ten people are being investigated for giving Nazi salutes, an illegal gesture in the country, Chemnitz police said, while social media video from the protests showed scuffles and far-right demonstrators chanting "German, social and national. Free, social and national," phrases heavily associated with the neo-Nazi movement. 934

Heading into the workforce saddled with student loan debt can make any new graduate panic. But many borrowers have the power to make their loan payments more manageable — and fail to take advantage of it.A new NerdWallet analysis puts the Class of 2018 in retirement at age 72 after years of careful budgeting, debt repayment and savings. The first 10 years of that long-term financial plan is spent siphoning a considerable amount into student loan payments, though the analysis indicates stretching that repayment term out could make saving for retirement and even their first home a little easier.“The 10-year repayment plan is the one federal loan borrowers are automatically funneled into, unless they pick a different one,” says Brianna McGurran, NerdWallet student loans expert. “But there are lots of other options out there.”Most student borrowers are in a 10-year repayment plan, which is a strong option for getting rid of their loans fast — if they can afford it. Just 39% of recent undergraduates who have student loan debt think it’s likely they’ll pay off their loans in a decade, according to a related online survey conducted by The Harris Poll.Their doubt is understandable — the NerdWallet analysis indicates new graduates with an average amount of loan debt would have payments of approximately 0 each month for 10 years. Higher-than-average student debt, additional debt burdens, unexpected financial blows, or a lower-paying first job out of school could make these payments unmanageable.“It’s up to grads to learn about what’s available and advocate for themselves with their student loan servicers to get what they need,” McGurran says.By contacting their servicer, federal borrowers can change their repayment plan or otherwise ease up the payments with one of these approaches:Graduated repayment plan. Payments start lower and increase every two years with a graduated repayment plan, but the repayment term remains at 10 years total. This may be a good option if your ability to pay will increase as you move through the first several years of your career.Extended repayment plan. Moving into an extended repayment plan will stretch your loan payments out to 25 years. Your monthly responsibility will be lower, but you’ll pay more in interest during that time.Income-driven repayment. There are four income-driven repayment plans available for federal student loan borrowers. These cap your monthly payments at 10%-20% of your income, and extend the repayment term to 20 or 25 years. You’ll pay more in interest due to the longer term, and income-driven repayment plans require you to reapply each year.Consolidation. Federal student loan consolidation won’t likely lower your payments dramatically, but it can put multiple loans into a single payment. It’s also a good option if you’re in default and want to get your student debt back in good standing.Refinancing. Student loan refinancing can give you a lower interest rate and therefore lower payments, but it requires a credit score in the high 600s at least. Because refinancing makes you ineligible for income-driven repayment options in the future, this option is best for people with higher incomes.More From NerdWallet 3278