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The Trump administration is at risk of wasting some of the billions of dollars it wants to spend on the US-Mexico border wall, according to a watchdog report released Monday.The Government Accountability Office concluded that the Department of Homeland Security has not conducted a full analysis of the costs of building the wall. Department officials have also not properly documented their plans for building a portion of wall in the San Diego area.Because of the shortfalls, "DHS faces an increased risk that the Border Wall System Program will cost more than projected, take longer than planned, or not fully perform as expected," GAO wrote.The report also said DHS does not consider costs when deciding where to build. That means it "does not have complete information to determine whether it is using its limited resources in the most cost-effective manner." 872
The wild ride on Wall Street just got crazier.The Dow dropped about 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day. The selloff followed Monday's 670-point spike.The Nasdaq plunged nearly 3% -- wiping out nearly all of Monday's huge gains for the tech sector. The Nasdaq is now up just 1.5% on the year.Facebook, Twitter, Tesla and Nvidia all fell sharply. Netflix tumbled 6%, its biggest decline in two years."We started bleeding when large tech got hit hard," said Art Hogan, chief market strategist at B. Riley B.Investors poured money into bonds Tuesday. The 10-year Treasury yield slipped to 2.77%, the lowest since early February.But the sinking yields also narrowed the closely-watched gap between short and long-term rates, known as the yield curve."That has persistently been a signal of an economic slowdown," said Hogan. "I don't think that's the case here."A "flattening" yield curve also makes it harder for banks to make money on the difference between what they lend out and pay interest on. Bank of America, Wells Fargo and PNC fell more than 2% apiece.The-CNN-Wire 1135
The travel industry is trying new tactics to recover from financial stress. Experts say new deals are emerging that allow people to go on a trip of their dreams through 2022."We quickly realized that the number one factor that helped incentivize travel planning, travel booking, even for 12 to 18 months down the road was this high sense of flexibility, and so, we came up with this concept of putting out and working with hundreds of thousands of travel partners to really come up with these very attractive, aggressively-priced offers, explained Gabe Saglie, senior editor of Travelzoo, a company that facilities travel deals around the world. “But they are fully refundable, and they had these very long travel windows.”Saglie says when COVID-19 hit, the industry came to a screeching halt. But through surveys of its 15 million members, Travelzoo soon found people were still willing to book, but mostly for future trips and not just any trip."People are looking not just to travel, but travel in a memorable way, a special way. So, we’ve been putting out these offers that in some cases are destinations that pre-COVID may not have been on people’s radar. Sort of far-flung bucket-list destinations," said Saglie.Aran Campas, the co-founder of the social media travel site Travevel, says the pent-up demand for travel is showing in different ways."We're seeing two extremes. When we look in groups, forums, different areas, we have the people that are like, 'I’m going now. I’m tired of being trapped. I’m not worried about it, I’m going now. I’m going to wear my mask,’ and then, we have the people who are like, 'Oh, I just booked for 2022 or 2023,'" explained Campas.Campas says pre-pandemic, people generally booked a year or less in advance. Now, they're seeing people either book a trip in the next 30 days or two years from now."What I think it is, I don't think it's so much the flexibility, I think it's let's get someone to book," said Campas.Travelzoo says the help in cashflow is certainly good for the longevity of the industry."There is this infusion of traveler cash now that is helping a lot of these companies. A lot of our travel partners that are looking to employ as many employees on the books as possible, bring back as many employees as quickly as possible. That’s certainly an infusion that’s important, as it helps the industry navigate through these next couple of months until we’re on the other side of this," said Saglie.So, how long will these flexible travel deals be around? Experts aren't too sure.As soon as life gets back to normal and regular travel resumes, the deals could be gone. But if you're wanting to book these deals and possibly change the dates later, Travevel says pay attention to the fine print as some may increase the prices if you adjust your date of travel. 2824
The ratings for Anderson Cooper's exclusive interview with Stormy Daniels won't be available until Monday afternoon.But the outpouring of reactions suggest that her account of an alleged affair with Donald Trump in 2006 captivated viewers across the country.Several hours after the interview was broadcast, Daniels' name was still the No. 1 trending topic in the U.S. on Twitter. The adult film star was also a trending topic on Facebook.The sexual encounter allegedly happened a decade before Trump was elected president. But the apparent cover-up is much more recent."For us, it wasn't so much 'there was an affair.' That's not as much the headline. For us, it's everything that has happened since and how we've gotten to this point," Cooper said in an interview for CBSNews.com about his sit-down with Daniels."I think there's more to come on this story. I'm not saying necessarily on Stormy Daniels' aspect of the story, but on the methods that were used to keep her silent," Cooper told CBSNews.com. "If Stormy Daniels' story is true that a thug came up to her in a parking lot in Las Vegas in 2011 -- this is long before Donald Trump was a presidential candidate -- I mean, if somebody is using intimidation tactics, physical intimidation tactics, it's probably not the first time they've done it. So that's a potential story I would imagine people would look at: Has this kind of thing happened before? And I don't know the answer to that."The porn star's media-savvy attorney, Michael Avenatti, bluntly told Cooper, "This is about the cover-up."Sunday's "60 Minutes" broadcast marked the first time that Daniels described an alleged threat made in 2011, a few weeks after she agreed to tell a tabloid magazine about the alleged affair. (The magazine story wound up being nixed.)On the East Coast, the "60 Minutes" broadcast was delayed by an NCAA basketball game. But once the broadcast began, there was a mixture of shock, revulsion, and snark on social media -- as well as sex jokes.Some critics reacted by saying "there was no news" in the interview. But the interview itself was news -- representing Daniels' first time speaking on camera about the alleged affair, the hush money, and more. And there were new details about the alleged threat, plus her motivations for breaking her silence.Avenatti tweeted afterward: "Any claim that 'There was nothing new other than the details of the threat' is not only false but is also similar to asking 'Other than the short interruption Mrs. Lincoln, what did you think of the play?'"Daniels told Cooper that Avenatti advised her not to share any texts, photos, or other evidence of the affair for now.It "would be foolish" to share the evidence now, Avenatti tweeted. He added: "Tonight is not the end -- it's the beginning."The two-part "60 Minutes" story focused on the alleged cover-up and the possible campaign finance law violations."The Stormy Daniels story is certainly about sex but it's also -- and more importantly -- about financial and emotional intimidation," Margaret Sullivan wrote in a column for Monday's Washington Post."The ultimate verdict" on Cooper's interview "will be whether viewers accept his claim that this is serious news," Politico's Michael Calderone wrote.On cable news and on Twitter, there was lots of chatter about whether Trump would join the conversation by tweeting or saying something about the scandal.CNN's Kaitlan Collins reported on Sunday that Trump is irked by what he sees as wall-to-wall coverage of Daniels' claims.New York Times correspondent Maggie Haberman, who doubles as a CNN analyst, commented on Twitter that a standout part of the interview was Daniels' assertion that she was not attracted to Trump. Daniels referred to the relationship as a "business deal."Haberman said Trump "was incredibly proud of the 'Best Sex I Ever Had' NY Post front page" from decades ago. So Daniels' dismissive attitude "won't sit well." 3942
Mark Ostrowski with Check Point Software.The security company says coronavirus-related cyber attacks are down since the summer, but the number of malicious websites related to COVID-19 vaccines is up.The warnings were reiterated Wednesday by French-based international policing agency Interpol, which issued a global alert that organized crime groups may be attempting to sell stolen vaccines or set up scams with the promise of vaccines. So-called "threat actors" are sending out vaccine-related email phishing campaigns. A recent one had the email subject: "Urgent information letter: COVID-19 new approved vaccines."“So, what I would really warn folks is that if you receive an email that contains a vaccine sort of sensational type of subject in the email itself, and then there's an attachment, and the attachment is either an executable or office document, those are things that you want to watch out for,” said Ostrowski.People who opened that document in the phishing email actually had a way to steal usernames and passwords.You should only get your vaccine-related information from trusted news or government websites, not your inbox.“This is just the next thing, right. So, every time there's a new announcement, that specific subject, that specific entity, that's tied to say a vaccine is what's going to become the next target, right. So, these threat actors are very, very closely monitoring the global pandemic and then using those moments to quickly make and adjust their attack methods.” 1806