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Just weeks away from the New Year, economists and other experts are reflecting on the trajectory of our economic recovery. At the start of the pandemic, nine months ago, most experts were optimistic and agreed that the U.S. had a strong shot at seeing a fast V-shaped recovery.“We can turn this around this year. I still think there’s real hope for that,” Todd McCracken, with the Small Business Association, said in March.Even with some required government shutdowns, most experts believed the U.S. would most likely see a U-shaped recovery. That means things would pick up a little slower, but it would still be considered a relatively fast rebound.“There was also the L, which meant we were going to go down to the bottom and no one knew where we were going to go, and then there was the W, which meant we were going to go down and then we were going to come up, and actually, that is pretty much what is happening,” said Jonathan Drapkin, president and CEO of the Hudson Valley Pattern for Progress.Drapkin pointed out the other and more dreaded “W” or “L” scenarios experts feared back in March appear to be more in line with what the U.S. is actually experiencing now.“It’s definitely more of an L, said Elise Gould, an economist with the Economic Policy Institute.“Personally, I think any hope for a quick recovery has gone by the wayside. Over the last few months, we have actually seen the recovery slow. So, last month, we saw that we had a gain of 245,000 jobs, much lower than a month before that, lower than a month before that. And so, at this rate, we could be years away from a full recovery.”According to Bankrate senior economist Mark Hamrick, we could also be seeing both a swift recovery and a worsening one, simultaneously.“My sense for many months now has been that this has been a so-called K-shape recovery,” said Hamrick. “Why do we call it a K? Essentially, we have one leg moving up and the other moving down [and] that is indicative of this have and have-not economy.”Hamrick supported that idea and recovery trajectory by pointing out that unemployment levels for higher-income workers are back to pre-recession levels, while lower-income workers are still struggling with elevated levels of unemployment“My concern is that people who have been hurt by this economic downturn are not going to heal from this quickly,” explained Hamrick.However, while experts seem conflicted over what economic recovery pattern we are actually seeing now, all of them agree on one thing: the most successful way out of the alphabet soup of economic recovery paths and to normalcy is with a discovered vaccine and wide distribution of it.“The other thing that can truly help in the short-term is a stimulus package out of Washington,” added Drapkin. 2768
JULIAN, Calif. (KGTV)-- This was the first weekend San Diegans were able to enjoy the snow-packed mountains. But morning road closures made traveling uphill from San Diego difficult. By early afternoon, most road restrictions were lifted, and thousands of people made their way to the tourist towns. To Teak Nichols, Julian is just home. But he knows it is a special place. "It's been really magical the last few days. So I can understand why people would want to be a part of that," Nichols said. With its old-world charm and snow-packed roofs, Julian is an escape from the daily grind. "We wanted to get away from the city," San Diegan Sandra Aguiar said. She brought her husband's family from Tijuana to experience the allure of the small town. But she said it was not an easy ride. "It took about an hour and 45 minutes," Aguiar said. "Then two miles from here, it was bumper to bumper."Until 1 p.m. Saturday, California Highway Patrol officers slowed down drivers to enforce chain controls along State Route 79 at Cuyamaca Rancho State Park. Many parts of Sunrise Highway were also shut down due to icy conditions. "In some parts, it was kind of scary. We were sliding a little bit," Aguiar said. Even after they finally made it into town, the waiting continued. Aguilar's main reason for coming up the hill was to get a bite of Nichol's mother's famous dessert at Mom's Pies. "I've tried Julian pies before, but these are the best," Aguiar said. Nichols said it is a recipe that has been kept a secret since 1984. It is a seasonal favorite that sells out, every time it snows."It's gotten busier as the day has gone on," Nichols said. "Apparently, the road opened up, so we got a little bit busier after that."Snow days may slow down traffic and clog up parking, but customers said it is all worthwhile."It's homemade, and it makes it better because we're with family," Aguiar said. "The ice cream was also delicious with it. I mean, it's well worth it!"By mid-afternoon, CHP opened up SR-79 with no restrictions. 2028

JAMUL, Calif. (KGTV) -- A man was arrested Tuesday morning after reportedly stabbing a San Diego County Sheriff’s Department K-9 and spraying deputies with bear spray. Deputies were called to the 15000 block of Skyline Truck Trail in Jamul around 10 a.m. Tuesday after receiving reports of a man walking around a vehicle talking to himself. When deputies arrived, they made contact with the man, identified as Richard Lechuga, 29, of San Diego, sitting in a vehicle. When deputies approached Lechuga, he reportedly sprayed three of them with bear spray through an open window. Deputies say Lechuga then brandished what appeared to be a knife and a handgun and stabbed a K-9 in the head and face. Deputies were able to take Lechuga into custody after using less-lethal shotgun rounds, pepper balls and a Taser. The K-9 was taken to a local veterinarian for treatment of non-life threatening injuries. The deputies were also treated on scene and Lechuga was taken to the hospital for treatment. Lechuga was arrested for felony assault with a deadly weapon on a peace officer, assaulting a police animal and resisting arrest. Anyone with information is asked to call Crime Stoppers at 888-580-8477. 1204
Ken Bone, who became an internet sensation in 2016 after asking a question at a presidential debate, claims his son was briefly suspended from school after Bone posted a photo of his son shooting a gun at a range under supervision.The incident began last week, when Kyle Kashuv — a student at Stoneman Douglas High School who has become a gun rights activist in the wake of a February shooting at his school — tweeted a photo of himself firing a gun at a range. Kashuv claims he was later questioned by law enforcement for the tweet. 562
JAKARTA, Indonesia (AP) -- The Latest on a tsunami that hit the coast around Indonesia's Sunda Strait (all times local):11:26 a.m. The tsunami death toll rose to 62 with 20 missing, according to a spokesperson for Indonesia's disaster agency.8:35 a.m. Indonesia's disaster management agency says the death toll from a tsunami apparently caused by undersea landslides from a volcanic eruption has risen to 43 with some 600 injured. Scientists say the tsunami could have been caused by the eruption of Anak Krakatau, a volcanic island formed over years from the nearby Krakatau volcano. They also cited tidal waves caused by the full moon.The areas that were affected were South Lampung in Sumatra and the Serang and Pandeglang regions of Java, west of the capital Jakarta. The Sunda Strait between the islands of Java and Sumatra connects the Java Sea to the Indian Ocean.7:05 a.m.A man who says he and his family survived the tsunami that hit the coast around Indonesia's Sunda Strait says he was taking pictures of a volcano Saturday night when he suddenly saw a big wave come toward him. "I had to run, as the wave passed the beach and landed 15-20m (meters) inland," ╪ystein Lund Andersen writes on Facebook. "Next wave entered the hotel area where i was staying and downed cars on the road behind it. Managed to evacuate with my family to higher ground trough forest paths and villages, where we are taken care of (by) the locals. Were unharmed, thankfully." 7:05 a.m.Anderson writes that authorities are saying it appears to be a tsunami caused by a volcanic eruption that he was photographing. "So encountered my first tsunami it seems, hopefully my last," Anderson writes. 6:45 a.m.Government officials say that at least 20 people were killed after a tsunami hit the coast around Indonesia's Sunda Strait, the BBC reports.The national disaster management agency says 165 people were hurt and dozens of buildings were damaged Saturday night, according to the BBC.The agency says the possible cause of the tsunami were undersea landslides after the Krakatoa volcano erupted.The Sunda Strait between the islands of Java and Sumatra connects the Java Sea to the Indian Ocean.The BBC reports that footage posted by the head of the disaster management agency showed the aftermath of the tsunami, with flooded streets and an overturned car.In September, at least 832 people were killed by a quake and tsunami that hit the city of Palu on the island of Sulawesi, which is just east of Borneo. 2499
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