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From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762

Holidays usually mean great sales and President's Day weekend is no different. This weekend, there are three days to take advantage of great discounts in big name stores. Walmart is having deep discounts on televisions a 50 inch LED TV right now is going for 0.Looking to purchase new appliances? Head over to Best Buy this weekend, most of them are 35 percent off.If you want to shop, but would rather do it in your pajamas, then you'll want to check out websites like Jet. It's Walmart's version of Amazon.Amazon is taking 70 percent off many of their electronics through Monday.Wayfair is another great online retailer and they're selling mattresses at 70 percent off right now.Target online has 30 percent off all home items this weekend, just use the code George to get the discount. One of the best parts about President's Day weekend sales, some of them last longer than this weekend. You'll want to watch out for stores that are extending their deals.   992

FULLERTON (CNS) - Disneyland's economic impact has jumped by 50% since 2013, according to a Cal State Fullerton study released Friday.The theme park had an .5 billion impact on the region and created more than 78,000 jobs as of the most recent fiscal year, according to a study of October 2017 through September of last year. Disneyland visitors spent .5 billion at local businesses outside the theme park, the study showed."Tourism is one of the major and growing segments of the economy as consumers shift more of their spending to leisure activities," said one of the study's leaders, Anil Puril, director of the university's Woods Center for Economic Analysis and Forecasting."Disneyland Resort has shown phenomenal growth," Puri added. "Disneyland Resort also plays an important role in propelling the economy forward through programs like Disney Aspire, a free education program, and other programs offering skills for economic mobility and advancement."Since 2013, Disneyland's job rate has grown at a 7.2% average annually, which is higher than the general job growth of 2.3% in the region, the study showed. Of the 78,000 jobs created by the theme park, about 73% are in Orange County.Disneyland's workers, guests and the company's businesses generated nearly 0 million in annual state and local taxes, which is 6% higher than the average annual growth since 2013. Anaheim pocketed nearly 2 million in taxes. 1435

Gas leak at E st and 5th ave, in the gas lamp quarters. Police and fire dpt have evacuated all businesses in the surrounding area. @10News pic.twitter.com/7ZtW5HqHAH— Ray Graham (@RayGraham10news) February 23, 2019 228

Google has marked Mexico's Day of the Dead, an ancient festival celebrating and honoring departed loved ones, with a doodle featuring brightly painted model skulls.The skulls, hand-made from clay, appear between animated flickering candles with orange marigold petals scattered around them. The doodle represents the ofrendas, or altars, set up by families for the carnival.The shrines typically feature photographs and treasured mementos of late relatives and friends, plus their favorite foods and drinks.A type of sweet roll known as dead bread and sugar skulls are also often included, along with orange candles and incense. Homes are decorated with sprays of marigolds as part of the tradition.Revelers in colorful costumes with skulls painted on their faces parade through the centers of towns, and a host of celebrations and parties take place. Offerings are placed in graveyards and at the sides of roads. 921