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HIGHLIGHTS OF THE ACT:- ,200 stimulus checks for the same group of Americans who received a check in the spring - 6 billion in funds for schools to hire staff and conduct social distancing- Replenishing the Paycheck Protection Program, intended to help businesses keep employees on payroll- Extending unemployment supplement, although at a lower amount- Liability protection for businesses reopening amid the pandemicSenate Majority Leader Mitch McConnell said that Senate Republicans will submit a series of bills tonight known as the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act.McConnell, who called out Democrats for “stonewalling,” had not taken up a stimulus bill passed by House Democrats in May. He urged Democrats to join in negotiations.“We have one foot in the pandemic and one foot in the recovery,” McConnell said Monday calling the timing of the legislation a “crossroads” for the country.The HEALS Act will include a second round of stimulus funds for the same group of Americans who received the last stimulus check. The previous economic stimulus check was ,200 for most American adults making less than ,000 per year. McConnell said there will be additional assistance for those caring for adult vulnerable dependents.The HEALS Act will also include replenishing Paycheck Protection Program funds, which were given to businesses to help keep employees on payroll during the height of the pandemic.The act will also include a supplement for unemployment, which ran out last week. Since the spring, the federal government provided a 0 per week supplement to unemployment checks. But there is still a disagreement on how much this supplement should be, as President Donald Trump and some Congressional Republicans complained that the supplement gave an incentive to lower income employees to not return to work.Schumer said that the Republican proposals do not go far enough, and criticized McConnell for not submitting a single bill, but instead a series of proposals.“The Republican proposal will ignore not one or two or three but scores of major crises in America right now,” Schumer said. “In addition, based on what the leader has said, the Republican proposal won't go nearly far enough, even if the pieces they try to do something with, the small number, the disparate number, the unaggregated number, since each piece seems to be separate because they can't seem to get agreement among themselves.”The issue, Schumer says, is that the White House has its own set of proposals its ready to outline. But it appears on an issue concerning most Americans, a second stimulus check, there is agreement among Congressional Democrats, Republicans and the White House.“There's a ,200 check coming. That is going to be part of the new package,” White House economic adviser Larry Kudlow said on CNN’s “State of the Union.But neither Schumer nor McConnell addressed a rapidly growing deficit, as revenue into the IRS has declined while expenditures go up. In the month of June along, the federal deficit was 3 billion. Overall, the federal deficit for the first nine months of fiscal year 2020 was .7 trillion.Before this year, there has never been a budget deficit of more than .4 trillion in the US. 3275
Half of the coral populations in the Great Barrier Reef off Australia’s coast have been killed off because of warming ocean waters, a new study says.Between 25-30 percent of all marine species rely on coral reefs at some point in their life cycle. The Great Barrier Reef is the world’s largest coral reef, covering nearly 133,000 square miles.It has more than 411 species of hard corals documented, as well as 1,500 species of fish and other animals.Researchers looking at coral populations over 30 years starting in 1995 found there was decline in both shallow and deeper water, and across different species. They said two in particular, branching and table-shaped corals, were especially hard hit in 2016 and 2017 because of record-breaking temperatures.The study finds climate change to be a key driver in reef disturbances that disrupt recovery.“The potential for recovery of older fecund corals is uncertain given the increasing frequency and intensity of disturbance events. The systematic decline in smaller colonies across regions, habitats and taxa, suggests that a decline in recruitment has further eroded the recovery potential and resilience of coral populations,” the researchers note.They also say the coral that spawn the larvae that makes more coral have declined dramatically over large stretches of the reef.“Corals are tremendously resilient because of their capacity to produce millions of babies but they/we desperately need a break from disturbances,” Andreas Dietzel, a professor at the ARC Center and a co-author of the paper, said in an email to the Washington Post. 1600

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
Hershey's chocolate is about to get more expensive.The candy company is planning to raise the prices of a fifth of its products by about 2.5%, Hershey reiterated on Thursday. The changes will go into effect next year.One of many companies getting squeezed by rising commodity and shipping costs, Hershey hopes higher prices will offset those costs without scaring away customers.Hershey (HSY) first said that it would raise prices over the summer, citing rising operational costs. "Our new pricing approach is much more precise," said CEO Michele Buck at the time.Chief Financial Officer Patricia Little said on Thursday that Hershey started feeling the impact of higher freight and logistics last year."I don't expect that to change going forward into next year," she said.The company is doing more than just increase prices to drive growth.Hershey is investing in digital to keep impulse shopping alive online. It's also introduced new products like Hershey's Gold, a "caramelized creme" bar with pretzels and peanuts baked inside, and Reese's Outrageous, a peanut butter chocolate bar with Reese's candy inside.Next year, the company will introduce Reese's Thins, a 40% thinner Reese's peanut butter cup.Plus, the company has been scooping up healthier brands, including Pirate Brands, which makes Pirate's Booty, Smart Puffs and Original Tings.Last year, Hershey's bought Amplify Snack Brands, which makes SkinnyPop popcorn and Oatmega whey-protein bars, for .6 billion. Pirate Brands will operate within Amplify's hub in Austin, Texas.The acquisitions boosted sales in the third quarter. Sales increased by 2.9% in the three months that ended in September compared to the same period last year.The-CNN-Wire 1721
HONG KONG – Hong Kong Disneyland is closing again due to COVID-19 concerns, according to multiple reports.In a statement obtained by CNN and CNBC, a Disney spokesperson said the resort will temporarily close starting on July 15.Disney says the closure is in line with COVID-19 prevention efforts that government and public health authorities are implementing across Hong Kong as the area experiences a spike in coronavirus cases.The spokesperson added that the resort’s hotels will remain open with “adjusted levels of services.”The closure comes less than a month after the park reopened to visitors on June 18 after first closing in January, when the coronavirus pandemic began in China.When the park reopened, officials implemented a list of health and safety measures, including social distancing in queues, restaurants, attraction vehicles and other facilities. Character experiences with close interaction were also suspended. And visitors were required to wear masks. The Hong Kong attraction was the second Disney-themed park to reopen worldwide, behind Shanghai Disneyland. The latest to reopen was Disney World in Orlando, Florida, over the weekend. Many are concerned about Disney World reopening as Florida continues to report major spikes in COVID-19. Just Sunday, the state shattered the national record for the largest single-day increase in positive coronavirus cases. California had the previous record of daily positive cases — 11,694, set on Wednesday. New York had 11,571 on April 15. 1512
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