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There is a good chance this pandemic is having you go to the gas station less often. Fewer trips to the store, after all, means fewer fill-ups.While that may be good for your wallet, it's bad news for governments who rely on gas taxes to fund transportation construction projects. THE ISSUEFor every gallon of gas you buy, 18 cents goes to the federal government and the Highway Trust Fund. That money is then used to pay for transportation projects around the country. Additionally, each state imposes their own gas tax which can range from 14 cents to 57 cents per gallon of fuel. States use that money to fund transportation projects of their own. Simple economics suggest that when Americans drive less, there will be a loss in revenue for states. States are also losing money with sales taxes, tolls and DMV registrations, which is making a problem even worse. WHAT'S BEING CANCELED"The state is collecting less of that money," Alison Black, Chief Economist with the American Road & Transportation Builders Association, said. Black's organization has been tracking which states are cutting projects.Currently, 14 states have announced project delays or cancellations, valued at nearly .5 billion. These include Florida, Georgia, Hawaii, Kentucky, Mississippi, Missouri, Nevada, New Mexico, North Carolina, Ohio, Pennsylvania, Vermont, Washington, and West Virginia. There are 19 local governments and authorities that have announced project delays or cancellations, totally more than .54 billion. Ten states or local areas have vetoed, canceled, or postponed legislative initiatives or ballot measures related to transportation funding because of the pandemic. This includes several major initiatives in California's self-help counties. RELIEF COMING?Many states are lobbying for Congress for a bailout, but that is far from certain. While President Donald Trump, this week, did cut environmental regulations to speed up infrastructure projects, his announcement doesn't address the funding gap. 2017
There is arguably no industry in the US that has been harder hit by the coronavirus pandemic than restaurants. A combination of restrictions placed on restaurants and public health experts advising the public to avoid restaurants has resulted in a decline for many eateries.The National Restaurant Association said it expects that 10,000 restaurants will close in the next three months, based on a survey of its members.The National Restaurant Association is hoping to get some additional relief from Washington. Last week, a bipartisan group of legislators put forth a stimulus bill that would include additional funding for the Paycheck Protection Program, which helped businesses make payroll early in the pandemic."In short, the restaurant industry simply cannot wait for relief any longer," said Sean Kennedy from the National Restaurant Association. "We appreciate the efforts of a group of moderate members of the House and Senate to advance a true compromise between the competing proposals from Democratic and Republican leaders. If this moderate plan represents a 'down payment' for a larger relief package in early 2021, it will provide restaurants with immediate relief to hold on through the most dangerous point in our business year."While restaurants are having receding revenues, restaurant costs are not declining, and in some cases, increasing, according to the National Restaurant Association’s survey. The survey found that 58% of full service restaurants are expecting to furlough or layoff additional employees over the next three months. That’s with 89% of full service restaurants already operating at below pre-pandemic staffing levels.The National Restaurant Association says that 17% of bars and restaurants fully closed either permanently or temporarily in November due to the pandemic."What these findings make clear is that more than 500,000 restaurants of every business type—franchise, chain, and independent—are in an economic free fall," said Kennedy.The restaurant industry is a major factor in the US economy. The National Restaurant Association says that 15.6 million jobs are tied to the restaurant industry spread across over 1 million locations.Public health experts have warned that indoor dining is problematic as masks cannot be worn while eating and drinking.“It’s clear when you do contact tracing about where you get these outbreaks, it’s bars, indoor seating at restaurants, particularly at full capacity,” Dr. Anthony Fauci said last week in a Facebook conversation with Colorado’s governor. “When you’re in a restaurant, it’s very tough to eat with a mask on unless you figure out something I don’t know about.” 2668

To the world she was the Queen of Soul. To Cristal Franklin, she was so much more.“I saw her as my aunt. The one who cooked dinner for my roommate from college when I came home. The one who bought the best gifts on earth for Christmas and birthdays,” Franklin said.Franklin says she visited her aunt in the days before she died, hoping for a miracle, but knowing her time would likely be short She got word she had passed as she left town.“We were taking my daughter to college when we got the news. I made it on the plane. When the door closed, I lost it,” said Cristal.She drove by the Charles H Wright Museum of African American History the night before the public visitation and saw already overwhelming crowds. In her grief, she decided to take food to those first in line and learn about what her aunt meant to them.Cristal, a clothing designer, known as CFranks, decided to make a shirt that listed he aunt's accomplishments.“I want people to know she was more than a singer,” Franklin said. “She was a civil rights activist.”“I want people to listen to the old songs and play them for their children," she said.She shared memories of her aunt helping students pay for college, seeing families lose their belongings in a fire and responding, helping activists get out of prison, and paying for funerals of those in need.“It is overwhelming because she is our aunt,” Franklin said.Cristal is hoping people learn about her aunt through her creation. You can find it here. 1531
This LeBron James card just sold at @GoldinAuctions for .8 million, the record for a modern day card. Winner is @LeoreAvidar, who says purchase is part of strategy to “bring something big to the collectibles and alternative asset business in the coming months.” pic.twitter.com/rN9lepvVpE— Darren Rovell (@darrenrovell) July 19, 2020 343
Thirteen days before the 2020 presidential election, former President Barack Obama arrived on the campaign trail in the Keystone State of Pennsylvania on Wednesday to lend a hand to his former Vice President Joe Biden.The stalwart and arguably most popular figure of the Democratic Party is hoping to lend his esteem among Democrats to push them to the polls for Biden. Opinion polls are showing a slight lead for Biden in Pennsylvania, and the state could end up being the keystone to reaching 270 Electoral College votes.Obama delivered a fiery rebuke of President Donald Trump, going after his leadership amid the coroanvirus pandemic, and his plans to eliminate the Affordable Care Act. "Where is this great plan to replace Obamacare? They’ve had 10 years to do it. There is no plan," Obama said. Pennsylvania played an important role in 2016 in sending Trump to the White House; Trump won the state by .6%. Trump was the first Republican presidential candidate to win the state since 1988, but the state has been hotly contested in tight elections. In 2004, John Kerry won Pennsylvania by just 2%, while Al Gore won the state by 4% in 2000.The former president had approval ratings well above those of Biden and Trump when he left office. In January 2017, Obama had a 59% approval rating nationally, according to Gallup. A year later, Gallup conducted a retrospective job approval rating, which gave him a 63% approval rating. By comparison, Trump has a 43% approval rating, according to Gallup; Biden has a 46% favorability rating.Due to the coronavirus, Wednesday’s rally was a drive-in, with supporters socially distanced.Joining Obama was a number of prominent Philadelphia-area Democrats, including Gov. Tom Wolf.Obama’s visit to Philadelphia comes less than 24 hours following Trump’s stop in Erie, Pennsylvania.The Biden campaign announced late Wednesday evening that Obama will once again be back on the campaign trail on Saturday with a visit to Miami.While Biden took the day from the campaign trail to prepare for Thursday's debate, Trump campaigned in North Carolina. 2093
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