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The government is looking into getting rid of Transportation Security Administration (TSA) security at dozens of smaller airports across the country.According to reports, the TSA is considering getting rid of security screenings at more than 150 small and medium-sized airports that operate commercial flights, with no more than 60 passengers.The TSA estimates the move would save 5 million, which could then be used to enhance security at busier, larger airports. 475

The confirmed number of coronavirus cases in the U.S. has reached 5 million, by far the highest in the world. That’s according to the tally kept by Johns Hopkins University. Health officials believe the actual number is perhaps 10 times higher, or closer to 50 million, given testing limitations and the fact that as many as 40% of all those who are infected have no symptoms.The bleak milestone was reached as new cases in the U.S. run at about 54,000 a day. While that’s down from a peak of well over 70,000 in the second half of July, cases are rising in nearly 20 states, and deaths are climbing in most. Many Americans have resisted wearing masks and social distancing. 682

The COVID-19 pandemic changed all industries, including those for celebrities. Forbes says the world’s highest-paid celebrities brought in a combined 0 million less in 2020 compared to 2019.But don’t feel too bad for them, the top 10 list earned a combined .1 billion this year before taxes and fees.The top earner in 2020, according to Forbes, was Kylie Jenner, who brought in 0 million, mostly from selling a majority stake in her cosmetics firm.Number two stays in the family; Kanye West, Jenner’s brother-in-law, brought in 0 million this year, helped by his Yeezy sneakers deal with adidas.Pandemic-impacted sports cancellations couldn’t dent Roger Federer, Cristiano Ronaldo or Lionel Messi, apparently, Forbes has the three athletes at number 3, 4 and 5 on their list, respectively. Each brought in just over 0 million in 2020, likely helped by endorsement deals and multi-year contracts.Other athletes in the top 10 include Neymar at number 7, who brought in .5 million, and LeBron James at number 9, with .2 million.In September, Forbes announced Tyler Perry was officially a billionaire, owning the rights to his 20-plus movies and continuing to produce content during the pandemic. He also makes the list of top 10 highest-paid celebrities of 2020 at number 6, reportedly bringing in million this year.Howard Stern is the highest-paid radio host, thanks to his eight-figure contract with SiriusXM, and is number 9 on the list of 2020 earners with million for the year.Rounding out the top 10 is Dwayne Johnson, who brought in .5 million this year, mostly from payments for forthcoming movies.Forbes observes the coronavirus pandemic has impacted celebrities in different ways. As live events, like concert tours and sports games, were cancelled and took away potential revenue, online and streaming opportunities like Netflix content deals provided new income.For reference, Forbes reported Taylor Swift, Kylie Jenner and Kanye West as the top three highest-paid celebrities of 2019. Swift topped the list last year with 5 million in 2019. She fell to number 25 on the highest-paid list in 2020. 2148

The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.The Fed reported Wednesday that its latest survey of economic conditions around the country found improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lockdowns push the country into a deep recession.And the report said that business contacts in the Fed’s 12 regions remained wary about the future.“Outlooks remained highly uncertain as contacts grappled with how long the COVID-19 pandemic would continue and the magnitude of its economic implications,” the Fed said in its latest Beige Book.Economists said the Fed survey underscored how uncertain the outlook was at present.“Last month’s optimism as businesses were reopening has since given way to concerns over reinforced shutdowns, announced delays in school openings and growing consumer fears,” said Curt Long, chief economist of the National Association of Federally-Insured Credit Unions. “A smooth path back to normal was never likely, but it will still leave consumers and businesses more cautious until a vaccine is ready and widely available.”The information in the report will provide guidance for Fed officials at their next meeting on July 28-29. Economists expect the central bank to keep its benchmark interest rate at a record low as it tries to cushion the economy from the pandemic downturn.The Beige Book found only modest signs of improvement in most areas, noting that consumer spending had picked up as many nonessential businesses were allowed to reopen, helping to boost retail sales in all 12 Fed districts but construction remained subdued.Manufacturing activity moved up, the report said, ’but from a very low level.”The economy entered a recession in February, ending a nearly 11-year long economic expansion, the longest in U.S. history. Millions of people were thrown out of work and while 7.3 million jobs were created in May and June that represented only about one-third of the jobs lost in March and April.And now, in recent weeks with virus cases surging in many states, there are concerns that the fledgling recovery could be in danger of stalling out.The Beige Book reported that employment had increased in almost all districts in the latest survey, which was based on responses received by July 6, but layoffs had continued as well.“Contacts in nearly every district noted difficulty in bringing back workers because of health and safety concerns, child care needs and generous unemployment insurance benefits,” the Fed said.The report said that many businesses who had been able to retain workers because of the government’s Paycheck Protection Program said they might still be forced to lay off staff if their businesses do not see a pickup in demand.The Fed in March cut its benchmark interest rate to a record low of 0 to 0.25% and purchased billions of dollars of Treasury and mortgage-backed bonds to stabilize financial markets.But Fed officials have recently expressed concerns that a resurgence of the virus in many states may require more support from the central bank and from Congress.Fed board member Lael Brainard said in a speech Tuesday that the economy was likely to “ face headwinds for some time ” and that continued support from the government will remain “vital.”The Trump administration has said it plans to negotiate another support package once Congress returns from recess next week. Republicans and Democrats remain far apart on what should be in the new package with Democrats pushing for a package of around trillion while GOP lawmakers have called for smaller support of around trillion.Congress will only have two weeks to reach a compromise before two of the most popular programs providing paycheck protection for workers and expanded unemployment benefits expire. The unemployment support provided an extra 0 per week but many Republicans say that amount was too high and kept some people from returning to work. 4106

The COVID-19 death toll in the U.S. surpassed 300,000 people Monday afternoon, according to a database kept by Johns Hopkins University. Earlier in the day, the country also surpassed 16 million confirmed cases of coronavirus.The U.S. continues to vastly outpace the rest of the world in terms of caseload and deaths linked to COVID-19.The U.S. recorded its 16 millionth COVID-19 case over the weekend, meaning more than 1 million people are confirmed to have contracted the virus since Tuesday. According to the COVID Tracking Project, the U.S. is currently averaging more than 211,000 new cases of the virus every day — or more than a million cases every five days. Seven million Americans have contracted COVID-19 since Oct. 30 — representing 45% of all cases that have been recorded in the country since the virus arrived in January.In recent days, the U.S. has been averaging more than 3,000 deaths linked to COVID-19 a day — a figure that represents more lives lost than in the Sept. 11, 2001 terror attacks. The U.S. reached the grim milestone of 300,000 deaths the same day it began distributing Pfizer's COVID-19 vaccine. Health officials hope that inoculating higher-risk individuals first will cause death totals to drop in the coming weeks.However, health officials warn that things will likely get much worse in the weeks to come. The U.S. is just now seeing the expected spike in cases brought on by travel from Thanksgiving, and more deaths are sure to follow.Hospitalizations are also expected to rise, even at a time when a record 110,000 people are battling the virus in a hospital. Some hospitals may struggle to treat an influx of patients when they are already at capacity. 1712

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