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An adviser to President-elect Joe Biden on the coronavirus is floating the idea of shutting down businesses for four-to-six weeks, and paying people for lost wages."With historic low interest rates, we could pay for a package right now to cover all of the wages, lost wages for individual workers, for losses to small companies, to medium-sized companies or city, state, county governments. We could do all of that," Dr. Michael Osterholm told Yahoo Finance. "If we did that, then we could lock down for four to six weeks."He said a four-to-six week lockdown could get Americans “cruising into the availability of the vaccine in the first or second quarter of next year, and open the economy before that.” 713

As Americans slowly return to work, older workers are finding the current economic situation much harder to navigate than their younger counterparts.Many large companies, including the airlines, are offering early retirement packages. For older workers, those buyouts come with uncertainty for their financial future.“These are tough times, especially for older workers,” said Susan Weinstock with the AARP.Weinstock’s concern is older workers are being forced out of work without enough saved for retirement. According to AARP, half of full-time workers experience job loss after the age of 50. It typically takes them double the time to get back into the work force as it does a younger worker, and even if they find a job, they end up making less money.For those over the age of 50 who have suddenly lost their job because of COVID-19, there's also less time to make up retirement savings that were lost.“We know saving through work is the best way to save for retirement, and when you don’t have that option it makes it a lot harder,” Weinstock said.Weinstock's advice if you're over the age of 50 and out of work is to use this time to upscale or re-scale. She suggests finding an online class. Showing employers that you're a lifelong learner can make you more marketable.“We want to make sure older workers are able to recover from this, along with everybody else in the economy,” Weinstock added.For those working from home, Weinstock recommends taking the money you might have spent on commuting and putting it into your retirement account. 1557

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

And we have a winner!After almost a year, the Queen of Hearts drawing at Grayton Road Tavern in Cleveland has finally come to a close with a winner walking away with over .5 million!The winning card number was 45.The drawing happens once a week and it got down to four cards out of a deck of 52. Each card in the deck is randomly assigned a number and every week you can buy raffle tickets and pick from the remaining numbers. Whoever guesses which card is the queen of hearts wins the jackpot. Because the card numbers change every week, the tickets are dumped and new cards have to be picked, but the money just keeps piling up.Another raffle ticket was picked before the winning ticket, but it had no number written on it. Would hate to be that guy right now.Congratulations to the lucky winner! 813

An emergency bill in California will continue the state's moratorium on evictions for nonpayment, but evictions could resume in February.The deal, reached Friday, will avoid what some had dubbed the eviction cliff that was set to begin Sept. 1. That was when the Judicial Council's order stopping courthouses from taking nonpayment eviction cases was going to expire. This bill, called the COVID-19 Tenant Relief Act of 2020, does two major things to protect tenants:1) It converts unpaid rent from March 1 to Aug. 31 to civil debt, meaning a tenant cannot be evicted for nonpayment. Instead, that person can ultimately be taken to small claims court. 2) It prevents eviction of tenants who pay at least 25 percent of their rent from Sept. 1. to Jan 31, 2021. If a tenant pays at least 25 percent, the rest would be converted to civil debt. Otherwise, a landlord can begin eviction proceedings Feb. 1, 2021. Gov. Newsom announced the deal Friday, saying he would sign the bill once it reaches his desk. The Southern California Rental Housing Association expressed major concerns about the legislation, saying it does not protect against financial ruin for landlords. In a statement, it said the bill doesn't provide rental income assistance, and does not guarantee landlords will ever get the money they are owed.The bill requires a two-thirds vote, and is expected to be taken up in both houses of the state legislature Monday. 1437

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