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As COVID-19 first started to spread in the U.S., hospitals around the country were forced to stop elective surgeries. Now, hospital officials say they're facing perhaps the biggest financial crisis in their history."We've had to curtail regular operations, some of which involve these non-emergent procedures that you mention, and as a result from March to June, we saw a loss of revenue of 0 billion or billion a month," said American Hospital Association President Rick Pollack.Hospitals have also taken on major expenses when it comes to preparing and caring for COVID-19 patients. Plus, many patients they treat don't have insurance.Pollack says hospitals collectively are one of the largest employers in the country, employing more than 5 million people."Half of hospitals' budgets, over half, is devoted to labor costs. So, of course, when all regular operations are shut down and you’re incurring additional expenses to prepare for treating the virus for the community, you have to find ways to cut costs," explained Pollack.Some hospitals have resorted to laying off or furloughing staff."So, it's the last choice,” Pollack said. “It's a bad choice and we try to avoid it, but sometimes, it's inevitable to just stay afloat.”"Whether the disruptions in the health industry remain temporary or permanent is an interesting case because it affects everyone," said Jack Strauss, the Miller Chair of Applied Economics at the University of Denver.Strauss is concerned about how the healthcare industry will recover from the COVID-19 pandemic, especially amid a possible second wave of infections."They make their money on elective surgery and those were not occurring, and so, they're not probably positioned to recover," said Strauss.While a number of states are allowing elective procedures again, the wait time for these patients may be detrimental."Whether it's the detection for a tumor or a scan of a part of a body for a diagnostic procedure, a replacement of a heart valve. So, when you talk about electives, they're really not all that discretionary and we’re really concerned in the period that we shut down all non-emergent procedures that there was a deferral of care,” said Pollack. “We do hear, anecdotally, that the people that are coming back are in a much sicker position because they didn’t get the care that they needed.”Pollack says in order for the healthcare industry to recover, they're going to need a lot of help from the federal government."There's no question, if we don't get the additional assistance it will put the financial viability of a lot of hospitals at risk, particularly in rural areas and vulnerable urban areas," said Pollack.As possibly the biggest industry in the country that's been on the front lines of treating COVID-19, hospitals hope they're one of the first to get major federal help so that the healthcare industry can survive this pandemic. 2909

An auction house in New Jersey is offering bidders the chance to blow up an Atlantic City casino and hotel once owned by President Donald Trump.Bodnar's Auction Sales says it will open auction bidding Saturday for the chance to press the button that will ignite the controlled implosion of the Trump Plaza Casino and Hotel.According to a description on the live bidding website, all proceeds from the auction will "benefit" the Boys & Girls Club of Atlantic City."Ever since the start of this pandemic they have seen an increase of young children and adolescents benefit from the services of The Boys & Girl Club and are in need of all the assistance they can get for the community," Bodnar's said in its item description.Bidding for the chance to implode the building is open to anyone, and Bodnar's adds that the demolition can be conducted "anywhere in the world as well as close to the Plaza as we can safely get you there."Trump Plaza Hotel and Casino opened in 1984 — Trump's first property on the famed Atlantic City Boardwalk. However, the casino closed in 2014 and has sat abandoned ever since.In June, Carl Icahn — the senior lender for the Trump Plaza's mortgage — submitted plans to Atlantic for the casino's planned demolition. The city asked that the building be demolished because it had fallen into disrepair, and debris was falling to the boardwalk below.The implosion of the casino is currently slated for early February, according to CNN. Bidding in the auction is slated to open at 7 p.m. ET on January 19. Click here to participate. 1569

An Indiana man faces charges for leaving a loaded gun in the car with his family as he shopped, after his 3-year-old daughter accidentally shot her mother, police said.Shanique Thomas, the woman who was shot, told police she was unaware that Menzo Brazier, 21, was carrying his weapon when they left their residence in Michigan City, Indiana.They brought along their children, a 3-year-old and a 1-year-old, the Merrillville, Indiana, Police Department said. Brazier asked if Thomas wanted to join him as he went to a nearby store and tried on clothes.But Thomas is seven weeks pregnant and told police she was feeling ill. So she decided to stay in the car, which was parked in the lot in Merrillville, with the children while Brazier shopped.Brazier left the loaded Glock19 9mm handgun between the center armrest and the front passenger seat, police said. His 3-year-old daughter got hold of it, and Thomas told police she heard a "loud pop, like a balloon." Then she realized the blood she saw was coming from her own body.The bullet went through the driver's seat where she was sitting and struck her back.She got out of the car to make sure her children were safe. That's when she found the gun, now in the backseat. Brazier was charged with two counts of criminal recklessness and two counts of neglect of a dependent."We just heard screaming," Hadassah Zirkle, a Plato's Closet employee, told CNN affiliate WLS. "We ran outside with a bunch of other people."The children were placed in custody of the Indiana Department of Child Services and remain there."The first thought was to get the kids out of there," Rebecca Todd, another employee, told WLS. "We grabbed them. We brought them inside, and we just tried comforting them as best we could."According to police, Thomas had surgery for the injuries and suffered nerve damage. 1848

ANCHORAGE, Alaska — A powerful 7.8 earthquake has struck the Alaska Peninsula, triggering a tsunami warning that sent residents fleeing to higher ground before it was called off without any damaging waves. According to the U.S. Geological Survey, the 7.8 magnitude quake struck Tuesday at 10:12 p.m. local time. The quake was centered in waters 65 miles (105 kilometers) south-southeast of Perryville, Alaska at a depth of 17 miles (28 km), deeper than an earlier estimate. The quake triggered tsunami warning for a South Alaska, the Alaska Peninsula and the Aleutian Islands that was called off early Wednesday about two hours after the quake. 652

Applebee's announced Tuesday it will close as many as 80 restaurants nationwide as the chain continues to struggle attracting young diners.The announcement comes after Applebee's parent company, DineEquity, said in August it would close more than 100 restaurants.It's not clear which Applebee's locations would close, but according to Fortune, remaining locations will be judged on a number of criteria. “The expected closures will be based on several criteria, including meeting our brand and image standards as well as operational results,” DineEquity told Fortune in a statement.DineEquity also announced it would close up to 40 IHOP locations, though it plans to open as many as 100 new locations of the breakfast chain throughout the country.DineEquity's stock has soared since the announcement, rising nearly 20 percent on Tuesday.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 982