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The NCAA has announced that all winter and spring championships for this academic year have been canceled, which includes the men's and women's basketball tournaments, which were slated to begin next week. The announcement also impacts other major tournaments such as the Frozen Four and the College World Series.The move was made as coronavirus cases spread nationally. The announcement also comes as MLB, MLS, NHL and NBA all have decided to postpone contests indefinitely. The NCAA released the following statement:"Today, NCAA President Mark Emmert and the Board of Governors canceled the Division I men’s and women’s 2020 basketball tournaments, as well as all remaining winter and spring NCAA championships. This decision is based on the evolving COVID-19 public health threat, our ability to ensure the events do not contribute to spread of the pandemic, and the impracticality of hosting such events at any time during this academic year given ongoing decisions by other entities." 1001

The British research submarine Boaty McBoatface has made an impressive debut in the scientific arena, discovering a significant link between Antarctic winds and rising sea temperatures on its maiden outing.The unmanned submarine, whose moniker 256

The 21-year-old shooter who killed at least 20 people and injured 26 others in an El Paso, Texas, Walmart on Saturday is believed to have authored a racist, anti-immigrant document that laid out a dark vision of America overrun by Hispanic immigrants.With the hate-filled writing, which authorities called a 'manifesto,' were the words: "I'm probably going to die today."Sources identified the suspect as Patrick Crusius, of Allen, Texas. He has been charged with capital murder and is being held without bond, El Paso Police Sgt. Robert Gomez said Sunday evening.The four-page document, titled "The Inconvenient Truth," was published on the online message board 8chan about 20 minutes before the shooting. The writing is filled with white supremacist language and racist hatred aimed at immigrants and Latinos, and the author says he opposes "race mixing" and encourages immigrants to return to their home countries.Some of the language of the manifesto reflects ideas from President Trump, Fox News and the modern Republican party. For example, the document warns of a " 1084

The chief financial officer for Bed Bath & Beyond says 40 of the business' stores will close this year, but 15 new ones will open.On the company's earnings call, CFO Robyn D'Elia said they are in need of more favorable lease terms with landlords.The goods retailer is based in New Jersey. In the last quarter of 2018, the company closed 21 stores and opened three, 381

The average 401(k) balance rose 17% last year to 2,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to 5,400.Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Investments of all types logged gains, from junk bonds to stocks from developing economies.But workers’ better savings habits also played a big role.Fidelity said the average worker set aside 8.9% of their pay in their 401(k) in the fourth quarter, a record. Combined with employer matches, the average total savings rate was 13.5% in the quarter, tying its record last reached in the spring of 2019.“Nobody can control the market, so the behaviors of people contributing to their 401(k)s are what get us the most excited,” said Katie Taylor, vice president of thought leadership at Fidelity. “We have people saving 13.5%, which is really close to the 15% that we recommend. That’s a great story.”In many cases, workers may not even realize they’re saving more. Most employers give the option for workers to automatically increase their contributions each year, without having to do anything. Some employers even automatically sign up their employees for these auto-escalation programs, requiring them to opt out if they don’t want their contribution levels to steadily rise.Such features are on top of programs where employers automatically enroll new hires in the 401(k) plan. They all lean on the power of inertia to help workers build up bigger nest eggs. It’s a sharp turnaround from earlier years when workers had to take an extra step to join the 401(k) plan and fill out paperwork whenever they wanted their contribution levels to change.“There’s always a way, if you don’t want to do it, where you can unenroll, but these automatic programs have been a game changer,” Taylor said.Consistent contributions — and giving them time to grow — are keys to building bigger portfolios. Among workers who have been in their 401(k) plan for 10 straight years, the average balance rose to a record 8,200, according to Fidelity.Such figures, though, count only people who have a 401(k). Many lower-income workers, particularly at smaller employers, could not save in a 401(k) even if they wanted to because their companies don’t offer access to one. Legislation passed late last year aims to make it easier for smaller employers to band together and offer plans.Nearly half of all U.S. households aged 55 and over, 48%, had no retirement savings at all as of 2016, according to estimates from the Government Accountability Office. 2737

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