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The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.The Fed reported Wednesday that its latest survey of economic conditions around the country found improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lockdowns push the country into a deep recession.And the report said that business contacts in the Fed’s 12 regions remained wary about the future.“Outlooks remained highly uncertain as contacts grappled with how long the COVID-19 pandemic would continue and the magnitude of its economic implications,” the Fed said in its latest Beige Book.Economists said the Fed survey underscored how uncertain the outlook was at present.“Last month’s optimism as businesses were reopening has since given way to concerns over reinforced shutdowns, announced delays in school openings and growing consumer fears,” said Curt Long, chief economist of the National Association of Federally-Insured Credit Unions. “A smooth path back to normal was never likely, but it will still leave consumers and businesses more cautious until a vaccine is ready and widely available.”The information in the report will provide guidance for Fed officials at their next meeting on July 28-29. Economists expect the central bank to keep its benchmark interest rate at a record low as it tries to cushion the economy from the pandemic downturn.The Beige Book found only modest signs of improvement in most areas, noting that consumer spending had picked up as many nonessential businesses were allowed to reopen, helping to boost retail sales in all 12 Fed districts but construction remained subdued.Manufacturing activity moved up, the report said, ’but from a very low level.”The economy entered a recession in February, ending a nearly 11-year long economic expansion, the longest in U.S. history. Millions of people were thrown out of work and while 7.3 million jobs were created in May and June that represented only about one-third of the jobs lost in March and April.And now, in recent weeks with virus cases surging in many states, there are concerns that the fledgling recovery could be in danger of stalling out.The Beige Book reported that employment had increased in almost all districts in the latest survey, which was based on responses received by July 6, but layoffs had continued as well.“Contacts in nearly every district noted difficulty in bringing back workers because of health and safety concerns, child care needs and generous unemployment insurance benefits,” the Fed said.The report said that many businesses who had been able to retain workers because of the government’s Paycheck Protection Program said they might still be forced to lay off staff if their businesses do not see a pickup in demand.The Fed in March cut its benchmark interest rate to a record low of 0 to 0.25% and purchased billions of dollars of Treasury and mortgage-backed bonds to stabilize financial markets.But Fed officials have recently expressed concerns that a resurgence of the virus in many states may require more support from the central bank and from Congress.Fed board member Lael Brainard said in a speech Tuesday that the economy was likely to “ face headwinds for some time ” and that continued support from the government will remain “vital.”The Trump administration has said it plans to negotiate another support package once Congress returns from recess next week. Republicans and Democrats remain far apart on what should be in the new package with Democrats pushing for a package of around trillion while GOP lawmakers have called for smaller support of around trillion.Congress will only have two weeks to reach a compromise before two of the most popular programs providing paycheck protection for workers and expanded unemployment benefits expire. The unemployment support provided an extra 0 per week but many Republicans say that amount was too high and kept some people from returning to work. 4106

The coronavirus pandemic, and the resulting lockdowns, travel restrictions and business closures, have caused many people to adjust their living situation either temporarily or permanently. As a result, the number of young adults, those ages 18-to-29, who live with their parents is at an all-time high.The Pew Research Center reports 52 percent of young adults lived with one or both of their parents in July. That translates to about 26,6 million young adults living with parents. The percentage of young adults living with their parents was 47 percent in February, and for most of 2019. The new data was released Friday.The research firm compared the data to available census data, and found the census of 1940, taken toward the end of the Great Depression, reported 48 percent of young adults lived with their parents."The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period,” researchers stated.The percentage of young adults living with their parents has been above 50 percent since April, slowly climbing. This is the first time the percentage has been above 50 since data became available in 1976.Earlier research from the group found one-in-ten young adults reported relocating temporarily or permanently because of the coronavirus pandemic. More than any other age group.The 18-to-29 age group was hit hard with pandemic-related job losses, service-sector job furloughs and college campus shutdowns. The younger half of this demo saw the biggest increase in moving back in with parents; 71 percent of 18-to-24-year-olds now live with their parents.These new living arrangements, where adult children are living with their parents, could have a trickle down effect on the US economy. Pew Research Center suggests the results of the majority of young adults moving in with parents could lead to a slowdown in demand for housing and household goods.“There also may be a decline in the number of renters and homeowners, and in overall housing activity,” they stated.The overwhelming majority of young adults who live with their parents live in their parents’ home, roughly 88 percent. The remaining either had their parents move in with them or the head of the household is another family member. 2276

The Force is with the Hollywood Walk of Fame.Legendary actor Mark Hamill will be honored Thursday with the 2,630th star on Tinsel Town's iconic sidewalk. Hamill's "Star Wars" co-star Harrison Ford and director George Lucas will help unveil the star during the ceremony.Of course, in addition to his role in the "Star Wars" saga, the California native has encompassed all aspects of the entertainment world, including Broadway, voice-over roles, and television.The ceremony can be viewed live online:Fans will undoubtedly recognize Hamill's memorable turn as "The Joker" throughout various Batman shows, movies, and media. He's also played notable roles in the films "Corvette Summer," "The Big Red One," "Slipstream," "Kingsman: The Secret Service" and the upcoming "Brisby Bear."On Broadway, Hamill flexed his acting reach in productions of "The Elephant Man," "Amadeus," "The Nerd," and "Six Dance Lessons in Six Weeks."Hamill had some fun with TV host Jimmy Kimmel Wednesday on "Jimmy Kimmel: Live," where he cleared a little room from his place on the Walk of Fame."Well, I just picked out my spot for the star. I'm getting it ready for tomorrow," Hamill, with a jackhammer in hand, tells Kimmel before the camera pans down to reveal Kimmel's own star demolished. "Hey Jimmy I got an idea, why don't you put your star in front of Hooters?"However, Hamill's work extends past entertainment. The actor has been involved with charitable work with NAI (USC Neighborhood Academic Initiative), the Make-A-Wish Foundation, and Feeding America.  1579

The counting is over. Now, the recounting begins.More than three days after the polls closed in Florida, the secretary of state announced on Saturday afternoon that the razor-thin races for governor, senator and agriculture commissioner will be reviewed in a series of recounts.According to unofficial results filed by the counties, Republican Gov. Rick Scott leads incumbent Democratic Sen. Bill Nelson by more than 12,500 votes, or about .15%. The spread in the governor's race is larger, with Republican former Rep. Ron DeSantis ahead of Democratic Tallahassee Mayor Andrew Gillum by nearly 34,000 votes, for a lead of .41%. In the narrowest contest, Democratic agriculture commissioner Nikki Fried's advantage stands at 5,326 votes — just .06% — over Republican Matt Caldwell.With the margins in all three contests at under .5%, the votes will now be recounted by machine. That process must be finished by Thursday at 3 pm ET. Races within .25% will then go to a hand recount of overvotes and undervotes. An overvote means a voter selected more than the allotted options on the ballot; an undervote means a vote selected fewer than the available choices or, in these races, none. The Senate race and the contest for agriculture commissioner both currently both fall within .25%.The Senate race and the contest for agriculture commissioner both currently both fall within .25%.In a statement after the unofficial count was made public, Scott's campaign called on Nelson to opt out of a recount, which is his option under state law."It's time for Senator Nelson to accept reality and spare the state of the Florida the time, expense and discord of a recount," said Scott spokesman Chris Hartline.While the politicians tweeted and activists kicked off new protests this weekend, demonstrators on the streets outside the Broward County Supervisor of Elections office on Friday targeted Snipes, chanting "lock her up" and "fake votes don't count" as she and others worked inside trying to finish the initial vote count. "Make America Great Again" and "Trump 2020" signs and hats were also visible as a group carrying signs supporting Scott and DeSantis were met by another backing the Democrats, as nose-to-nose screaming matches nearly escalated into physical altercations.Scott escalated already rising tensions across the state on Thursday night, when in a news conference he took a page from President Donald Trump and, without citing any evidence, accused "left-wing activists in Broward County" of trying to steal the election for Nelson. The county, in deep-blue portion of South Florida, is notoriously slow in counting its votes and as its tally mounted, Scott's lead had predictably diminished. In a series of tweets on Friday, Trump picked up the thread and accused the Democrats of attempting "Election Theft in Broward and Palm Beach Counties."But Scott's request for an investigation into election-related fraud did not go far. On Friday, the Florida Department of Law Enforcement said it was told by the Department of State, which is run by a Republican Scott-appointee, that they had received "no allegation of criminal activity." Still, Scott's campaign issued an ominous-sounding statement on Saturday morning "encouraging every Florida Sheriff to watch for any violations and take appropriate action."Meanwhile, Nelson's campaign filed suit against the state over its process for validating vote-by-mail ballots.Democratic lawyer Marc Elias, who is running the Nelson recount effort, argued that Florida's signature matching process put an undue onus on the "untrained opinions" of poll workers, which led to a "complete lack of uniformity" in how the ballots were being judged."This serves as an outright disenfranchisement and burden on the right to vote," Elias told reporters on a call Friday.South Carolina Sen. Lindsey Graham has also injected himself into the fight, alleging on Thursday and Friday -- like Scott and the President, with no proof -- that there are "shenanigans going on in Broward and Palm Beach" before suggesting that a sinister cabal of liberals from Washington was at work trying to rig the election. In fact, out-of-state lawyers from both parties, including a handful who had significant roles 18 years ago, have been flocking to Florida ahead of the recount.Leading a call for Scott's campaign on Saturday, Graham touted Scott's legal team and again skewered Broward and Palm Beach election officials for their lack of transparency."Rick has a good team of lawyers," Graham said. "Lawyers are not going to decide this race, the voters will. I support every valid vote being counted. But I also support the rule of law when it comes to voting."Around the state on Friday, allegations and rumors of misplaced or lost votes fueled simmering anger and confusion as the campaigns, lawyers, operatives and freelance rabble-rousers girded themselves for a re-run of the pitched partisan combat that took over the state during the 2000 presidential recount.Outside a mail distribution center in Miami-Dade County, a group of activists with images they said showed undelivered ballots inside tried and failed to get a meeting with a supervisor. Later in the day, a spokeswoman for the U.S. Postal Service said it was "researching the matter to verify that all ballots have been handled in accordance to USPS service standards."Detailed updates on the state of the race had been hard to come by ahead of Sunday's noon reporting deadline, leading Scott to successfully sue top election officials in Broward and Palm Beach Counties for information on the total votes cast and how many of them had been canvassed.In Broward, Supervisor of Elections Brenda Snipes turned over information to Scott and his team for review late Friday. But before midnight, the campaign pushed out a new press release claiming Snipes had not fully complied with the court order "because she refuses to confirm whether or not additional ballots exist that must be counted."Adding to Broward County's troubles, a CNN analysis of votes cast there suggests that ballot design could be responsible for a substantial difference in the number of votes cast between the race for governor and the race for senator in Florida. 6239

The brother of an unarmed black man killed by police interrupted a Sacramento City Council meeting on Tuesday as chants of the victim's name filled the chambers, illustrating how the fatal shooting has sparked emotions in this California city."Stephon Clark. Stephon Clark," Stevante Clark and others chanted in the first meeting since the fatal shooting on March 18."Louder. Louder," said Stevante Clark, who hopped on the dais and yelled an expletive at Mayor Darrell Steinberg.Standing in front of the council chambers with others, Stevante Clark said: "The mayor and the city of Sacramento has failed all of you," citing high rent, gang violence and poverty in the city.The outburst forced council members to take a brief recess. 746

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