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Georgia Sec. of State Brad Raffensperger said Wednesday that the state would conduct a hand recount in the 2020 presidential election.Raffensperger said a hand recount would help reassure voters of the integrity of the election. According to The Associated Press, Raffensperger says he wants the process to begin this week and expects the recount to be finished by Nov. 20.Under Georgia law, candidates are entitled to request a recount if the outcome percentage is within 0.5%. Biden currently holds a 0.28% lead in the state. Raffensperger says once the hand recount is finished, the losing candidate can then request a second machine hand recount.The presidential race between Donald Trump and Joe Biden in the state remains too close to call, though Biden holds a lead of more than 14,000 votes in the state with 99% of the vote count.Recounts typically only affect the outcome of about a few hundred votes. In a 2016 recount of the presidential election in Wisconsin — which went to Trump by a margin of about 20,000 votes — the outcome only shifted about 500 votes. A recount in Florida in 2000 did have an impact on the election, as it was the tipping-point state in the election and was decided by about 500 votes.Officials in Georgia have not reported any systematic issues with the vote that would indicate widespread issues in tallying.Even if the vote count were to flip in Georgia, Biden is projected to still have more than the required 270 electoral votes to claim the presidency. The Associated Press projects that Biden has picked up 290 electoral votes with Georgia still too close to call. 1616

Hillary Clinton told a receptive audience over the weekend in India that while she thought President Donald Trump played to some of Americans' worst fears, he does not reflect the country as a whole."No, we did not deserve that," Clinton said when asked if the US "deserves" Trump as its leader.Clinton called the 2016 presidential race the "first reality TV campaign," and said Trump, as a bombastic "reality TV candidate," was able to win over enough of the audience to win the election.And in comments seized on by the Republican National Committee, Clinton said she had won sections of the country with more economic output and attributed some of Trump's insurgent victory to a series of social and economic anxieties and discriminatory attitudes among his supporters."I won the places that represent two-thirds of America's gross domestic product," Clinton said. "So I won the places that are optimistic, diverse, dynamic, moving forward. And his whole campaign, 'Make America Great Again,' was looking backwards. You know, you didn't like black people getting rights, you don't like women, you know, getting jobs, you don't want to, you know, see that Indian-American succeeding more than you are, whatever your problem is, I'm going to solve it."Clinton said there is "the phenomenon of disappointment" about economic outcomes, particularly after the 2008 financial crisis, one of three main areas where she said she sees Americans' fears play out.Second, she pointed to "a reaction to advancing opportunities and rights for other groups," citing advancements for African-Americans, the LGBT community and women -- and said the third area was "the reaction against immigrants."As for Trump's conduct on the international stage, Clinton pointed to the President's "affinity for dictators," including Russian President Vladimir Putin.But when asked if the Russians have anything compromising on Trump, Clinton said, "We'll find out. Follow the money."She made clear later in the discussion that she did not know where the special counsel's investigation into Russian election meddling and possible coordination with Trump's team is likely to lead."Whether or not it affects him or just people around him, nobody knows," Clinton said. 2266

From housing to food to health care, everything is getting more expensive while wages stay mostly stagnant. It’s part of a phenomenon called inflation and it has a direct impact on each of us.As the old cliché goes, ‘a dollar doesn’t get you what it used to.’ That saying helps explain the role inflation plays in the economy.Inflation happens when general prices go up, relative to supply. It causes a noticeable and continuous decline in buying power.It’s easy to confuse inflation with general market forces. Like, when kale prices go up because of fad-driven demand or when sweater prices increase just before winter.A small amount of inflation is supposed to help the economy by encouraging spending and investment. But too much of it could send the economy into a spiral. For that reason, the Federal Reserve takes different actions meant to keep inflation rates in check.Inflation isn’t an obscure technical financial term found in college textbooks. It directly affects everyone who participates in the economy.Let’s say a person decided to save in 1970 for use 50 years in the future. Back then, then money could buy about 17 dozen eggs, 28 gallons of gas, or one pair of Wrangler Jeans.But in 2020, the saved money doesn’t go as far.According to the Bureau of Labor Statistics, in 2020 can buy about seven dozen eggs, four gallons of gas, or a half-pair of Wranglers.Inflation gets a bad rap. Everyone would like to buy nice things for cheap. But economists say that’s just not how it works. When prices fall, in general, incomes also have to fall.Think of it as a cycle: a consumer buys from a business. If prices are lower, the business makes less money. That means wages have to drop, giving workers less money to spend as consumers. 1762

Hertz has been in business for over 100 years.In May, the car-rental company filed for reorganization under Chapter 11 in bankruptcy court in Delaware.On Monday, Hertz announced in a press release that revenues were down 70% as it reported its second-quarter financial results."In the second quarter, like so many companies whose revenues have sharply declined due to the pandemic's significant impact on global travel, we had to make difficult but necessary decisions to strengthen and position the company for growth for many years to come," said Paul Stone, President and Chief Executive Officer of Hertz Global in the news release. "The toughest decisions have been those that impact the livelihood of our dedicated workforce and our voluntarily reorganizing under Chapter 11 in North America. We are moving through our reorganization process and remain focused on emerging an even stronger global rental car leader better positioned to serve our customers around the world."The parent company, Hertz Global Holdings, recorded revenue of 2 million, but with a net loss of 7 million.And with air travel impacted by COVID-19, the company said airport car rentals were down 82%.In the news release, the company said they saw a strong rebound in its used-car market in May and June, and they were able to "sell cars aggressively as we right-size the fleet to align with market realities.""We continue to make disciplined adjustments to our cost structure based on revenue fluctuations and expect to generate about .5 billion in annualized savings," said Stone in the release. "Our priority is fleet management. The continued strong used-car market allows us to continue to sell cars aggressively as we right-size the fleet to align with market realities. Across the business, our team is laser-focused on capturing revenue, driving efficiency, and advancing critical technology. In the U.S., we continue to capitalize on rental opportunities off-airport, while ensuring customer service levels remain best-in-class. Internationally, our fleet is trending toward demand levels. And our Donlen leasing business remains stable. Finally, continuing to keep our teams and our customers safe in this unpredictable environment is of utmost importance to everyone at Hertz." 2282

General Motors recently announced that it would be shutting down five car factories in the United States and Canada and cutting 14,000 jobs. GM said at the time that factory workers would be offered jobs at other facilities where production is being increased and on Friday it offered an update on how things are going.Of the jobs GM plans to cut, 2,800 are hourly employees in the United States. These are generally assembly line workers who punch in and out for work each day as opposed to employees who are paid a salary.The automaker announced Friday that 1,100 of those hourly workers have volunteered to transfer to jobs at other factories, such as GM's Flint, Michigan, truck plant where heavy duty pickups are built and the Toledo transmission plant in Toledo, Ohio. Another 1,200 workers in that group are eligible for retirement, the company said.The US plants GM is shutting down are in Michigan, Ohio, and Maryland. These plants mostly made sedans, which have fallen out of favor as customers have shifted toward crossover SUVs and trucks.GM also said last month that Canadian workers would be offered jobs at other plants in that country.In total, the company announced it would cut 6,000 hourly and 8,000 salaried positions. In October, the company offered voluntary buyouts to 18,000 workers.GM CEO Mary Barra has said she wants to save money and reposition the company for future investments in autonomous driving technology and electric cars. She wants to do this now, she has said, rather than waiting and cutting jobs during an economic crisis."Today, we have a plan for the majority of employees currently working at our impacted plants in Maryland, Michigan, Ohio and Oshawa, Canada that includes job opportunities at other GM facilities," Barra tweeted Friday. "We're committed to doing the right thing, for the future of GM and our people." 1901

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