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Housing and rates are worrying some economists that a recession is looming."One of the biggest concerns is the housing market," said Lindsey Piegza, chief economist for Stifel, on CNNMoney's "Markets Now" live show Wednesday. "It's throwing up a very large red flag and suggests maybe this 4% growth we saw in the second quarter is not sustainable."Home sales?have declined in four of the past five months as housing prices have grown -- but paychecks have remained stagnant. Many people can't afford to buy homes, and those who can are taking on a lot of debt to get into them.Piegza says that echoes what happened right before the Great Recession in 2008."We're not there yet, but this is what led us to the housing crash," she said.How could this happen again? Piegza believes that a decade of rock-bottom interest rates helped people forget about the dangers of borrowing too much."I don't know if we learned our lesson from the Great Recession," she said. "We are going back to a lot of the easy lending that we used to see."Although Piegza said a recession isn't necessarily imminent -- especially after quarterly growth just came in at the fastest pace in almost four years -- there are signs of waning momentum in the economy.Interest rates, for example, are starting to become a bad omen.The Federal Reserve, which finished up its two-day meeting Wednesday, is expected to raise its target rate two more times this year. Higher rates have boosted short-term US Treasury bond rates. But the longer-term bond rates haven't risen along with the shorter-term rates, because investors are growing wary about the economy over the long haul.With two more interest rate hikes planned, the Fed could boost short-term rates higher than long-term ones, inverting the so-called yield curve. An inverted yield curve has preceded every recession in modern history."We could easily be there by the end of the year," Piegza said. "I think we'll see pressure on the longer end by the end of the year, but the Fed will still be raising rates on the short end."Fed Chairman Jerome Powell has said that he is not concerned about an inverted yield curve. Piegza strongly disagrees."It is a predictive measure of a recession," she said. 2266
If the fans want it, Heinz is ready to roll out a brand new product, "Mayochup," a mixture of their classic tomato ketchup and their new mayonnaise.Heinz posted a poll on their Twitter page where fans will have three days to vote for or against the potential product. If Mayochup gets 500,000 yes votes, it will be available in stores. 343

If you're a Cleveland Cavs fan there aren't many good things to say about Game 1 of the Eastern Conference Finals against the Boston Celtics on Sunday. Except for one moment that happened after the game. Marla Ridenour of the Akron Beacon Journal asked James what happened early on in the fourth quarter. This was James' response, which elicited applause in the press room. 401
IMPERIAL BEACH, Calif. (KGTV) - A South Bay family is mourning the death of a popular airport worker to COVID-19.Ana Carina's first symptoms were a sore throat and a cough. Days later, in late July, she couldn't catch her breath."She says she felt she like had asthma. That's when we got concerned," said daughter Karen Miraflores.She says family members brought her mother to an ER, where she was quickly admitted, testing positive for COVID-19. A week later, she was placed in a ventilator."I got scared, became uncomfortable and uneasy," said her daughter.After a month on the ventilator, Carina actually tested negative for COVID-19, but her lungs were too badly damaged. This past Sunday, Carina, a mother of three adult children, passed away at the age of 56."We were all wishing this was just a dream. She was the sweetest. She would call us randomly just to tell her she loved us," said Karen."I just miss her so much. She was so nice and selfless," said Carina's son Luis Miraflores, choking back tears.For nearly a decade, Carina worked at the airport in customer service for an airline, well-liked by co-workers and passengers."Her legacy lives on in the people that she touched," said Karen.Her family can't figure out how she contracted coronavirus. Her hours at work had been greatly reduced. She lived with her children, and they all kept close to their Imperial Beach home. When she did go out, she carried a bag of safety supplies."A Ziploc bag that had santizies, gloves, extra masks," said Karen.In the end, Carina would contract a virus that killed her, despite having no pre-existing conditions."My message is that this is real," said Luis.Luis says he is frustrated when he sees people not wearing masks and not social distancing."Please wear masks. Do everything you can ... This virus is evil. It destroys your body and your family. Everything," said Luis.A Gofundme campaign has been set up to help the family with funeral expenses. 1965
If you’re holding onto a Toys “R” Us gift card or store credit, you’ll want to use it very soon.The company recently announced its closing all of its stores, and told Scripps station WRTV in Indianapolis that customers have only until April 15, 2018 to use gift cards.However, it’s a good idea to use them as soon as possible, whether in-store or online, according to the Federal Trade Commission.If you do buy something, consider it a “final sale” and don’t plan on getting a refund if you buy something that doesn’t work.“Even if store credit is an option – you’d want to use that quickly too. If you have questions about refund and return policies, ask before you make any purchase,” said Colleen Tressler, FTC Consumer Education Specialist. “In addition, Toys"R"Us says its other customer programs, including Rewards dollars and Endless Earnings, are being honored for the next 30 days.The?news of the 735 store closures means shoppers can expect discounts as the retailer liquidates.Depending on the timeline, the sales could be modest at first. The biggest discounts will come later.Over nearly seven decades in business, Toys "R" Us has built up 1,600 stores around the world. About 880 of them are in the U.S. 1235
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