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Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149
FLORIDA — As many as 200 employees at the Lockheed Martin/Sikorsky facility in Jupiter, Florida could be affected by potential layoffs this summer.The workers union representing the employees -- Teamsters Local 1150 -- said they are doing everything they can to find people new positions within the company.Journalists at WPTV in West Palm Beach, Florida first heard about the likely layoffs from employees who reached out earlier this week and expressed concern about who would be on the chopping block.The layoffs involve workers in the Blackhawk military helicopter program, which shares space at the United Technologies facility off Beeline Highway in Jupiter. There are a total of 500 employees working there.No names or positions of who will be laid off have been finalized."This has been coming for a while," said Rocco Calo, a board member for Teamsters Local 1150 based in Connecticut. Sikorsky is also based in Connecticut.In a phone interview with WPTV on Wednesday, Calo said unfortunately, they're seeing a big downtown in military work for the Blackhawk and Seahawk helicopters they build."In the Florida plant, they were working on Canadian maritime military helicopter program, which is dwindling down now, coming to an end," he said.Sikorsky is also seeing a decline in the number of aircraft the government is requesting to be built. The company operates on a multi-year contract with the government and Calo said with the current contract shows a significantly lower number of aircraft requests than in years past. The union is monitoring negotiations for future contracts."It's starting to look a little better for the out years, but nothing is signed yet. But we some irons in the fire, we're hopeful," said Calo.Sikorsky was bought by Lockheed Martin for billion in 2015, which could also be a contributing factor the changes the Sikorsky is undergoing right now."Naturally when you go through mergers and acquisitions, there are things that can happen with companies. They can either increase in terms of employees or they downsize," said Kelly Smallridge, president and CEO of the Palm Beach County Business Development Board.Her agency monitors and recruits businesses to establish operations in Palm Beach County."While we hate to see any company lay off employees in Palm Beach County, this is the time that other companies will be happily take any kind of skilled worker over to their operations," she said.Smallridge said there are 1,300 aerospace and engineering companies operating in this county alone and the BDB is on stand-by to assist any employees affected by the Sikorsky layoffs."We're ready to help place those employees in other operations. There are 67 corporate headquarters in Palm Beach County, so there's ample business opportunity," she said.Calo said Lockheed is still working on crunching numbers to determine the final number of layoffs. While employees feared the number would push 200, Calo said after factoring in early retirements and relocations for some positions, that number could be much lower."We had a significant number of people sign up for an early out package," he said.Some workers could be offered jobs at other locations in Connecticut and Alabama."I don't think we will be able to offset all of the involuntary stuff. It is a huge downturn in work, but as I said, we're fighting every day," said Calo.On Tuesday, Lockheed Martin released its 2018 first quarter results.The company reported net sales of .6 billion for the first quarter of the year, compared to .2 billion in the first quarter of 2017."Strong operational and program execution in the first quarter allowed us to increase our financial guidance for sales, profit and earnings per share," said Lockheed Martin Chairman, President and CEO Marillyn Hewson, in the news release. "Our team remains dedicated to performing with excellence, offering affordable and innovative solutions for our customers, and delivering exceptional value to our shareholders."Under the Rotary and Missions systems report, which includes Sikorsky, the report states that net sales in the first quarter of 2018 increased million, or three percent, compared to the same period in 2017.However, the report goes on to say, "These increases were partially offset by a decrease of 0 million for Sikorsky helicopter programs due to lower volume for government helicopter programs."Teamsters Local 1150 is planning to hold a meeting with employees to discuss the layoffs this week. The union also represents workers at facilities in Alabama and Connecticut.Union leaders are even driving to Washington, D.C. this week to ask Congress for help.For layoffs of 50 or more people, WARN notices have to be filed with the Florida Department of Economic Opportunity.A search of the 2018 notices shows that Lockheed Martin filed a WARN notice for 82 layoffs at Hurlburt Field Air Force Base in Hurlburt Field, Florida. A notice has not yet been filed for the Jupiter facility. The company is required to give a 90-day notice to the state before laying people off.Lockheed Martin spokesman Paul Jackson released the following statement: We have not made any announcements but continually review all our business operations to ensure we are properly sized for current and longer-term business requirements and economic conditions within our marketplaces. 5400
For pets, the skies of United Airlines lately have not been so friendly.It's not just the French bulldog that died on a Houston-to-New York flight Monday after a United flight attendant told its owners to put the dog in an overhead bin.Data from the US Department of Transportation show that three times as many animals died on United flights last year than on all the other US carriers put together. As you can see from this chart, 2017 wasn't an exception.United has had the highest rate of pet deaths of any US airline for the past three years.In fairness, the airline in recent years has also been the largest transporter of animals -- mostly dogs and cats, but also more exotic pets such as birds and geckos. Also, according to the DOT report for 2017, several of the animals had pre-existing health issues such as heart disease. (The report did not specify how many animals were flown in the cargo hold as opposed to the plane's cabin.)But even when accounting for their larger volume of animal passengers, United still leads all other airlines in rate of deaths per 10,000 pets.United did not respond to multiple requests for comment for this story. But spokesman Charlie Hobart told CNN on Tuesday that the airline is investigating the French bulldog's death "to prevent this from ever happening again."As for the 2017 report, he said, "The overwhelming majority of the incidents were attributed to animals not being acclimated to its crate or the animal having a pre-existing condition we weren't aware of. Any time there is an incident with animals we do a thorough review." 1612
Four sisters from Nebraska were ecstatic when they found out they were all pregnant at the exact same time.Elizabeth, Danielle, Michelle, and Sarah delivered not four but five babies, all in the course of 12 days.Elizabeth Kohlhoff delivered twins on April 29."Danielle was the first," Elizabeth said. "And then Sarah and Michelle and I were like thank goodness it's not me! And then all of a sudden I'm like oh wow, me now."Elizabeth, Danielle, Michelle, and Sarah carried their babies during the pandemic. Grandma Mary was excited but worried about her daughters."It was scary," Mary Sneed, the grandmother, said. "It was all scary but you know pregnancy's scary. Having a baby is scary. So praise god everybody's healthy. It was perfect."Everything went well, and they delivered five babies. Twins Henry and Emma, Alivia, Josephine, and Natalie. The deliveries all taking place within 12 days."It was not planned at all. It was crazy," Elizabeth said.To grandma Mary - five is just a good starting point. She herself had 12 kids."It's just a lot of fun having kids, everybody has lots of kids, a lot of fun."They call it the miracle during the pandemic. Especially because Michelle Ismert lost her first baby during pregnancy.Michelle gave birth to Josephine on May 1"We lost our first at 37 weeks," Michelle said. "So it was a little scary at the end thinking that may happen again. But she's here and she's healthy and a happy baby for the most part."The family is originally from the Omaha area and are now all scattered across the country but came together this week to celebrate and meet all the babies.KMTV in Omaha, Nebraska first reported this story. 1669
Former President Barack Obama responded to a call from President Donald Trump to indict him. In a podcast released Wednesday evening hosted by former Obama administration official Tommy Vietor, Obama called the claim “absurd.” “The allegations are so absurd that even Republican controlled committees looking into it have dismissed them,” Obama said. “And, you know. Attorney General Barr has dismissed them.” “Unless Bill Barr indicts these people for crimes, the greatest political crime in the history of our country, then we’re going to get little satisfaction unless I win and we’ll just have to go, because I won’t forget it,” Trump said during a Fox News interview last week.On Tuesday, the Department of Justice dropped an investigation after finding no wrongdoing involving the unmasking of classified documents during the Obama administration. Unmasking is a process for government officials to request to learn the identity of people involved in intelligence probes. Obama said Republicans should be doing more to protect government institutions.“I’m disappointed that Republicans who know better have not checked him on this,” Obama said. “And I think on a very important question after the election, even if it goes well with Joe Biden, is whether you start seeing the Republican Party restore some sense of ‘here are norms that we can’t breach’ because he’s breached all of them and they have not said to him, ‘this is too far.’” 1451