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The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue-chip giants.The Dow fell 600 points by late afternoon, or 2.6%. The S&P 500 lost 2.6% and retreated to its lowest level of the year. And the Nasdaq joined the Dow & S&P 500 in negative territory for 2018. All three indexes have plunged about 7% so far this December.The Dow closed down 507 points for the day.And the Russell 2000 index of small-cap stocks tumbled into a bear market, marking a 20% decline from the record highs notched in late August.A weaker reading from the New York Federal Reserve about manufacturing in the Empire State and a drop in confidence from the nation's homebuilders weighed on the markets."Investors are zeroing in on this idea of slower growth for 2019," said Michael Arone, chief investment strategist at State Street Global Advisors. "More people are worried about a recession in late 2019 or 2020."The political noise in Washington isn't helping either. President Trump, in a tweet Monday morning, repeated his criticism of the Federal Reserve for its recent rate hikes. The Fed meets Wednesday and is widely expected to raise rates again.But Trump tweeted that "it is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!"The Fed is supposed to be politically independent. Any evidence that it might be swayed by attacks from Trump could unnerve the markets."If the Fed doesn't raise rates it will look like it's succumbing to the bullying of Trump's tweets," Arone said.But Nancy Perez, managing director at Boston Private, said the Fed is likely to slow down its pace of rate hikes in 2019 simply because the economy is slowing, not because of pressure from Trump.Perez added that the recent market turmoil is justified because investors are readjusting to this fact."We have been getting a bump in profit margins due to lower taxes but the earnings growth itself is not sustainable," Perez said. "Projections will come down and volatility will continue." 2247
The Slater fire roared through Happy Camp, California on Sept. 8, and more than a month later, families still can’t get back into their neighborhoods.U.S. Forest Service Officer Jason Rasmussen was working to evacuate families in his community, as his own home was engulfed in flames.He said the fire was like nothing he’s seen in his quiet home town before. “Sounded like some sort of freight train. It was just total chaos. People were scared,” recalled Rasmussen.Winds fueled the flames, leveling 100,000 acres within hours. Two people were killed and nearly 200 homes were lost.“I knew my home was probably going to burn,” said Rasmussen. “I could only hope that it would survive.”Daybreak cemented gut-wrenching worry into reality. This fire left nothing behind for this family and so many others.“It’s heartbreaking seeing my house and my friend’s houses burned to the ground,” said Rasmussen's son, Chaance, who is a firefighter. “The only thing that’s left is memories.”Memories of a home, of a family legacy, built in this town for generations—now reduced to dust.“It’s emotional. I don’t even like to go back there,” said Jason Rasmussen of returning to what was once his home. “The stuff that was special to me was not valuable even. It was stuff that my grandfather had given me. Things that were sentimental for that reason, because it was connected to my family history."This loss is made even harder for the Rasmussens, because they never thought they’d be the ones needing help.“While you’re talking to people you’re evacuating, you’re going through the same thing,” said Jason Rasmussen. “When I knew I was actually homeless, that was the worst feeling.”After a month of moving from place to place, having nowhere to really call home, a surprise came that left these first responders speechless.Volunteers from EmergencyRV.org drove this donated RV from Oregon to Northern California. A woman donated her RV to the organization, and EmergencyRV.org matches up families in need. First responders go to the top of the list.Between being on the frontlines through the pandemic and this natural disaster, this group wanted to give these men a break.“It doesn’t make sense that a firefighter loses his home and is sleeping in a tent or has nowhere to go, sleeping in the station,” said EmergencyRV.org founder Woody Faircloth. “We want to give them a place to call home until they get back on their feet.”“I wasn’t expecting something like this,” said Chaance Rasmussen of the donated RV. “I thought, maybe something I could tow, but then I remembered I didn’t have a truck anymore, so it’s nice to have this.”The RV is giving the young firefighter much more than a place to sleep.“It kind of restores my faith in humanity,” said Chaance Rasmussen. “You see all the bad stuff on the media, people are rioting and all that stuff is happening, and knowing that people are out there doing stuff like this, it’s real heartwarming.”To the volunteers, it’s a thank you for the danger these frontline workers face head-on every day.“These firefighters and frontline heroes…they are heroes,” said Faircloth. “They’re out there every day doing this job, and they don’t make a lot of money, but they’re risking their lives for the rest of us.”A risk this father and son are proud to take on, even as they take on the much tougher challenge of restoring this land into a place they can call home. 3405

The suspect in the deadly terror attack in New York wasn't only a driver for Uber. He also worked for its rival Lyft.Lyft said late Wednesday that Sayfullo Saipov drove for its ride-hailing app in the past but that it deactivated his account as soon as he was identified as a suspect in the attack.Saipov, a 29-year-old from Uzbekistan who was living in New Jersey, has been charged with federal terrorism offenses in connection with Tuesday's attack in Manhattan in which eight people were killed.Uber said Tuesday that Saipov started driving for it in New Jersey just over six months ago, making more than 1,400 trips. It also banned him from its platform after the attack.Lyft didn't provide details on how long Saipov drove for its app or how many trips he made. It's not unusual for drivers to work for both companies.Saipov's case is drawing renewed attention to the background checks that ride-hailing companies carry out on their drivers.Records show Saipov received multiple traffic citations in the past, including failure to equip a motor vehicle carrier with or maintain a required brake system.Both Uber and Lyft said they hadn't come across any complaints about Saipov's safety as a driver for them.New Jersey rules for ride-hailing services like Uber and Lyft require the companies to conduct criminal background checks, which are usually outsourced to specialist firms. Convictions for crimes like reckless driving automatically disqualify a driver.Uber applies different criteria for background checks depending on state regulations. In general, drivers cannot have more than three minor moving violations, such as speeding tickets, in the past three years.Lyft's website says potential drivers are screened for "driving incidents" but doesn't specify what would disqualify them.Both Uber and Lyft say they are in contact with law enforcement authorities over the New York attack."Our thoughts are with those affected by this tragic act," Lyft said. 1999
The Russian lawyer who met last year with senior members of the Trump campaign said Donald Trump Jr. told her at the meeting that a Trump administration would be willing to review a 2012 sanctions law.Natalia Veselnitskaya, the lawyer who attended the meeting, made her comments from Moscow in an interview with Bloomberg published Monday.She said Trump Jr. told her: "Looking ahead, if we come to power, we can return to this issue and think what to do about it." 472
The U.S. decline in cigarette smoking could be stalling while the adult vaping rate appears to be rising, according to a government report released Thursday.About 14% of U.S adults were cigarette smokers last year, the third year in a row the annual survey found that rate. But health officials said a change in the methodology make it hard to compare that to the same 14% reported for 2017 and 2018.The adult smoking rate last saw a substantial drop in 2017, when it fell from 16% the year before.The new figures from the Centers for Disease Control and Prevention mean there are more than 34 million adult smokers in the U.S.Meanwhile, about 4.5% of adults were counted as current e-cigarette users last year — about 11 million people.That rate appears to be up from 3.2% in 2018 and 2.8% in 2017. But again, officials said that comparing 2019 with earlier years is difficult because of the survey change.The CDC figures are based on responses from about 32,000 people.Health officials have long called tobacco use the nation’s leading cause of preventable disease and death.___The Associated Press Health & Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. 1279
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