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For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City.The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course, workers 55 and older lost jobs sooner, were rehired slower and continue to face higher job losses than their counterparts ages 35 to 54.It is the first time since 1973 that such a severe unemployment gap has persisted for six months or longer.AARP said the study bolstered concerns about the economic impact of the virus on on older workers. When people over 50 lose their jobs, it typically takes them twice as long to find work as it does for younger workers, the organization representing the interests of older Americans estimates.The pandemic “may be something that is pushing people out of the workforce and they may never get back in,” said Susan Weinstock, AARP’s vice president of financial resilience programing.In every recession since the 1970s, older workers had persistently lower unemployment rates than midcareer workers — partly because of seniority benefits.But in the current recession, older workers experienced higher unemployment rates than midcareer workers in each month since the onset of the pandemic.The older workers’ unemployment rates from April through September were 1.1 percentage points higher than mid-career workers — at 9.7% versus 8.6%. The rates were compiled using a six-month rolling average and were far worse for older workers who are black, female or lack college degrees.Among the newly unemployed older workers is Legasse Gamo, 65. He was laid off in March from his job as a baggage handler at Reagan National airport in the Washington suburb of Arlington, Virginia.While Gamo is afraid of exposing himself to the coronavirus by working around others, he said he has looked for work — because he feels he has little choice but to take any job he can find.The contractor he worked for, Eulen America, has required its laid off employees to reapply for their jobs. Gamo did so but said he has received no reply.The immigrant from Ethiopia supports three grandchildren, ages 6, 12 and 14, who live with him. His daughter is still employed, but her pay is not enough to cover their expenses. Gamo gets 0 a week in unemployment insurance payments and said he has spent almost all of his savings.“I just want to get back to my job as soon as possible to support my family because I’m afraid we will end up homeless,” Gamo said.The New School study focused only on workers with established careers. As a result, it did not examine workers younger than 35.It found that the pandemic has posed a unique risk for older workers, said Teresa Ghilarducci, director of the New School’s Schwartz Center for Economic Policy Analysis.“The higher rate of unemployment for older workers might be because this is a once-in-a-lifetime chance for employers to shed older workers and not fear investigation by the labor department,” Ghilarducci said.She added: “Age discrimination rules are not being tightly enforced. Employers, fearing economic instability, may want to get rid of relatively more expensive workers and take their chances with training new workers when the economy recovers.”Older workers often face age discrimination, making it difficult for them to find jobs. Researchers believe employers laid off and resisted rehiring older adults, in part because they tend to face more serious health risks when infected by the virus.The unemployment spike for older workers could force more of them into early and involuntary retirement, worsen their financial well-being and exacerbate financial disparities already experienced by women, minorities and people without college degrees in terms of retirement security.New School researchers estimated that 1.4 million workers over 55 remain lost their jobs since April and remain unemployed. The figure does not include workers who became unemployed in April and left the work force.The situation could have deep ramifications for older workers close to retirement because their final years on the job are critical for those who have not saved enough for their retirement and expect to work longer to shore up their retirement funds.“Retirement security is very fragile and a lot of them never recovered from the recession in the first place,” said Weinstock, of the AARP. “They were planning on working to make up for money they hadn’t saved and then they aren’t able to make those catch up payments they need.”The Schwartz Center for Economic Policy Analysis at the New School has estimated in research separate from Monday’s study that 43 million people now in their fifties and early sixties will be poor when they become elderly because of economic conditions or a lack of adequate savings in retirement plans.The researchers who conducted the new study recommended that Congress increase and extend unemployment benefits for older workers, discourage withdrawals from retirement accounts, lower Medicare eligibility to 50 and create a federal Older Workers Bureau to promote the welfare of older workers.____AP Business Writer Alexandra Olson contributed to this report from New York 5294
FREDERICK, Colorado – The bodies of Chris Watts’ two young daughters were found inside oil and gas tanks that “were mostly full,” several high-ranking sources tell Scripps' Denver affiliate KMGH-TV.The high ranking sources said Thursday evening they believe Watts placed the bodies of 4-year-old Bella and 3-year-old Celeste in the oil and gas tanks owned by Anadarko in order to hide the bodies and conceal the smell.Frederick police officials said in a 6:30 p.m. update Thursday that the bodies of the two young girls were found in close proximity to the other body whom officers strongly believe is Shanann Watts. Her body was found on property owned by Anadarko Petroleum earlier Thursday. Investigators have not yet confirmed the location of the bodies. PHOTOS: Chris Watts arrested, charged for family deathsThey were recovered as 33-year-old Christopher Watts sat behind bars at the Weld County Jail on suspicion of murdering his family.Watts was an employee at Anadarko up until Wednesday, the oil and gas company confirmed to Denver7. The husband and father was taken to jail at 11:30 p.m. Wednesday after he was detained for questioning. Two law enforcement sources said Watts had confessed to killing his wife and daughters. He faces investigation on one count of first-degree murder after deliberation; two counts of first-degree murder – position of trust; and three counts of tampering with a deceased human body.All three were reported missing Monday around 2 p.m. after Shanann did not arrive to a scheduled meeting. In addition to having two daughters, Shanann was also 15 weeks pregnant. The FBI and CBI were brought in to help Frederick police in the investigation.Weld County prosecutors said they believe Shanann and the girls were killed inside of the family’s home but did not say why they believe that.There is a candlelight vigil in front of the Watts home scheduled for 8:30 p.m. Friday. 1986
Former Fox News anchor Shepard Smith has a new landing spot after leaving the network abruptly last fall. CNBC announced that Smith will join the network and host a 7 p.m. newscast.“The News with Shepard Smith” will launch this fall, and CNBC said that Smith will also serve as the network's chief general news anchor and managing editor of the breaking news division.“I am honored to continue to pursue the truth, both for CNBC’s loyal viewers and for those who have been following my reporting for decades in good times and in bad,” Smith said in a press release.Smith was one of FOX News' original hires when the network launched in 1996. Smith hosted "Shepard Smith Reporting" starting in 2013, and before that, was the anchor of "Studio B."CNBC, which is more geared toward financial news, said it will use Smith’s program beyond financial news.“Much like our coverage of the coronavirus pandemic, CNBC reporters and producers can go beyond the financial markets to tell rich, deeply-reported stories across the entire landscape of global news. Each evening, Shep’s program will be the place where we’ll deliver that same credible coverage of the key issues of the day,” said Dan Colarusso, Senior Vice President, CNBC Business News. 1247
For 9-year-old Joey DeLeon, staying on track can be hard. His mom, JoAnn Lopez, would have to tell him several times to brush his teeth or use his puffer. So, when she heard about The Attention Arcade, a new game system that helps kids focus, she was immediately interested."I figured if it was something we could try and it would work and we could help other kids,” said Lopez. “If it does work, why not do it?”DeLeon is part of a beta test group for Brain Leap Technologies, the company that created the game system. The game comes with a black bar that attaches to your PC. It tracks the child’s eye movements and allows the child to control the game with his or her eyes."The eye movement system and the attention system share neurocircuitry," said Bran Leap Technologies CEO Jeff Coleman. "We are leveraging the eye-movement system. It’s really hard to pin down the attention system, but we leverage the fact that they’re connected to train attention through eye movements."In a new study done at the University of California San Diego that's backed by the National Institutes of Health, Coleman says they saw on average of 55 percent improvement in inhibitory control. That’s the skill you need to not get distracted.And it’s working for DeLeon."I’m good at task initiation, especially when I write things down," said DeLeon. "When my brothers and sister are playing, and they're loud, there's a 50/50 chance I don't get distracted by them.”"He’s gotten better at being independent and just doing it on his own without being asked multiple times. I mean, he still has days where it’s just days, but overall much improved," said Lopez.With DeLeon and his two brothers and sister doing virtual learning this school year, Lopez hopes this helps him focus on his own school work."His grades have been always great when he puts effort in, but he just gets sidetracked a lot, and so hopefully this year, we will see that that has subsided," said Lopez. 1960
For 22 years, Derick Waller protected and served in New York City as a member of the New York City Police Department. He joined the NYPD in 1995, starting out as a street cop, but he eventually became a detective.“I absolutely loved being a police officer,” said Waller. “I loved helping with their problems, and I was fortunate to work in the communities of color, which I thought I could serve best.”While Waller enjoyed the comradery with other officers, serving in his hometown communities and helping people in need, there were things about the job he didn’t love and didn’t agree with.“The police department is basically a business, like you work at Macy’s you have to sell. Once you become a police officer, you have to bring in bodies,” said Waller.Bodies, he explained, is a term many officers use to describe when an officer makes an arrest and brings someone in to be booked and processed.“Let’s say you have the company commander of your precinct, he basically gets promoted based on how many arrests he gets,” Waller added.On the surface, that may not seem concerning, but what Waller witnessed was some officers over-policing, especially in communities of color, for the purpose of promotions, higher pay, or because of pressure to fill unofficial quotas.“There are so many amazing officers that just want to do right, but with that pressure on them, how can they?” asked Waller.Toward the end of Waller’s career, he began speaking up about arrest and citation quotas. He made his concerns public on what they were doing to officers’ mentality and the community.He believes what happened to him is a prime example of why so many officers around the country are concerned to speak up when they see another officer potentially doing something wrong or the department implementing questionable policing practices.“A lot of officers want to speak out, but they are so afraid of the retaliation that the police department is going to come after them,” said Waller.After Waller spoke out, he went from being named Officer of the Month to being written up and ridiculed.“I would come back after my days off my locker would be flipped over; they put a big rat poster on your desk, all kinds of stuff,” Waller recalled.Breaking through, the often referred to “blue wall of silence” made the last few years of his career tough, but he left the job still hopeful that improvements with policing could come.“There are many officers who love the job and there are good officers, more than not,” said Waller. “Right now, the definition of a good officer is the one who brings in those arrests. If we can change the definition, then maybe we can change the mentality of the police department.”Waller’s definition of a good officer is one who is respected but not feared in their community. 2796