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Transportation officials are warning of what they call a "death spiral" if public transit does not get the federal funding it needs to stay afloat.Ridership has fallen by 90 percent since the pandemic as departments find themselves strapped for cash.“Without transit, there is no economic recovery,” said Corinne Kisner, executive director of the National Association of Transportation Officials (NACTO).The American Public Transportation Association estimates 36 million Americans relied on public transportation in 2019, with about 36 percent of that servicing essential workers, according to the advocacy group TransitCenter.“The reality is that transit agencies are in an existential crisis,” said Kisner.Once ridership dropped across the country, public transportation departments saw their revenues plummet. Beth Osborne with Transportation for America, a public advocacy group, says aside from ride fares most transit money comes from sales tax, which also took a hit when the economy shut down.“It really does have tentacles that affect so much of our economy, of our health, of recovery and getting through this,” said Osborne.In San Francisco, the revenue drop has led to Bay Area Rapid Transit dropping more than 50 percent of its service. The story is similar for most major city transit systems.“We’re really limping along and hoping Congress will approve more funding for us,” said Jim Allison, spokesman for BART. “We’re doing what we can to try and get essential workers to and from where they need to go, but beyond that, it’s not much of a service compared to what we used to provide.”The billion in CARES Act funding alleviated some woes early on, but officials estimate billion more is needed to make it through the end of the year, and right now, no package is in place.If departments don’t find an answer, NACTO says 30,000 jobs could be lost because of stalled capital improvement projects.A lacking service could also mean a life or death scenario for more than just transit departments.“We need people to get tested,” said Osborne. “In many places, they have said they will not test anyone who does not arrive in a car. Well, there are a lot of people who don’t have one.” 2213

TIJUANA, Mexico (KGTV) - Two people in a Utah-registered truck crashed into vendors and other vehicles on the Tijuana side of the U.S.-Mexico border at the San Ysidro Port of Entry Monday, Televisa reported. Two people in a black Chevy truck with Utah license plates started a fight with a pedestrian about 3 p.m. at Boulevard Gral Manuel Márquez de León and Paseo de los Héroes, according to Televisa, which cited Tijuana Police Chief Mario Martinez. Minutes after the fight, the suspects drove to the border crossing where they struck more than 15 vehicles waiting to cross into the United States and ran over 15 vendors, the news agency reported. RELATED: Witness to U.S.-Mexico border crash describes chaos in TijuanaFour people were injured, including one with severe injuries, Martinez told Televisa. The suspects were a man and woman, possibly American, Televisa report. The two were arrested and taken to the hospital. There was no word on a possible motive for the crash, or whether the suspects were under the influence.WATCH: Tijuana hotel near Las Americas Outlets explodes, injuring fourU.S. Customs and Border Protection told 10News they managed traffic on the U.S. side of the border during the incident. 1228

This frame grab made on Wednesday, July 29, 2020, of a New Jersey Division of Elections nominating petition shows signatures submitted by Kanye West to appear on New Jersey’s ballot as a presidential candidate. The document was provided by election law attorney Scott Salomon who filed an objection with the state Division of Elections after reviewing the more than 1,300 signatures West submitted. Salmon says says he counted more than 600 that were in some way defective. The petition shows that a number of signatures appear written by the same hand. (Scott Salmon via AP) 583

Three times this month, unusual and scary things happened at homes owned by music star Taylor Swift — all ending in arrests.On April 5, a man was arrested for throwing money over the fence of Swift's Rhode Island home. Police say Bruce Rowley, 26, first robbed Webster Bank in Connecticut the day before, and then drove to her home to give her the money.Police said Rowley was attempting to impress the singer. Rhode Island police had to chase him as he drove on Interstate 95 and refused to stop.State troopers eventually stopped him and he was taken into custody.Rowley is charged with robbery and larceny. He told police he had planned on donating the money he stole from the bank to the Ansonia Police Department, according to WFSB television station. 778

Trade war fears and a presidential attack on Amazon are rocking Wall Street.The Dow dropped more than 700 points on Monday, and the Nasdaq plunged 3%. The S&P 500 hit its low for the year and was on track for its lowest close since November. The sell-off left all three major indexes in the red for 2018.By the end of the day Monday, the Dow slightly recovered, closing down 458 points for the day.The sell-off on the first day of the second quarter came after President Trump once again attacked Amazon on Twitter. Amazon, one of the biggest drivers of the 2017 market rally, tumbled 5%, wiping out more than billion of its market value.Trump once again accused Amazon of taking advantage of the US Postal Service, and he suggested that Amazon does not pay its fair share of tax.In fact, Amazon pays the same lower rate that the post office charges other bulk shippers, and it collects sales tax in every state that charges it. Amazon does not collect sales tax on purchases made from third-party vendors."You've got the president of the United States attacking a single company over what he considers to be unfair practices," said Ian Winer, head of equities at Wedbush Securities.Amazon wasn't the only tech stock in trouble. Tesla, Netflix and Cisco all dropped by at least 4%. Intel plunged 8% on a?Bloomberg News report that Apple plans to switch to its own chips. Almost every stock in the Nasdaq 100 lost ground.The Nasdaq has plunged more than 10% from its all-time high on March 12."When investors see market leaders suddenly stumble, they become more cautious about the entire group," said Kate Warne, investment strategist at Edward Jones.Wall Street is also fretting about rising trade tensions, especially with China. Beijing responded to Trump's steel and aluminum tariffs on Monday by following through on its threat to impose tariffs on billion of US imports. The tariffs apply to 128 products, ranging from pork and meat to steel pipes.Trump plans to place additional tariffs on about billion worth of Chinese goods — and Beijing has promised to respond.John Toohey, head of equities at USAA, blamed the sell-off on concerns about the China tariffs. "Global trade could slow down, global supply chains could be impacted, and CEOs could be more cautious on capital spending," Toohey said.NAFTA worries are also on the rise after Trump took aim at the trade deal between the United States, Canada and Mexico. Trump on Sunday linked NAFTA to his efforts to build a wall along the border with Mexico."They must stop the big drug and people flows, or I will stop their cash cow, NAFTA. NEED WALL!" Trump tweeted."It's a cause for concern. That mixing of issues is contributing to uncertainty," said Kristina Hooper, chief global market strategist at Invesco.No matter the cause, signs of fear abounded. The VIX volatility index jumped more than 15%. CNNMoney's Fear & Greed Index of market sentiment dropped further into "extreme fear." Crude oil plunged about 3%. Gold, which tends to do well when investors are worried, climbed more than 1%."None of it makes a lot of sense," said Michael Block, chief strategist at Rhino Trading Partners. "I don't know what we learned that was new. Chinese tariffs are not surprising."After spiking last year, the stock market hit extreme turbulence during the first three months of the year as investors worried about tariffs, inflation and tech stocks. The Dow snapped its longest quarterly winning streak in 20 years.Stocks may be volatile, but the backdrop looks bright. Global economic growth is expected to accelerate and corporate profits are likely to surge, thanks in part to Trump's corporate tax cuts."It's unlikely to be the end of the bull market," Warne said. "The underlying fundamentals remain positive." 3823

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