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DUNMORE, Pa. (AP) — Democratic presidential candidate Joe Biden proposed a sweeping new use of the federal government's regulatory and spending power to bolster U.S. manufacturing and technology firms.Biden wants a 0 billion, four-year increase in government purchasing of U.S.-based goods and services plus 0 billion in new research and development in U.S. technology concerns.It calls for such investments before negotiating any new international trade deals.Biden also proposes tightening current "Buy American" laws that are intended to benefit U.S. firms but can be easily circumvented by government agencies.The speech was an attempt for Biden to position his campaign to attack President Donald Trump on the economy. Biden slammed Trump on his administration's handling of the coronavirus, which led to historic levels of unemployment earlier this year. Biden also claimed that Trump has placed a disproportionate amount of focus on the stock market and not on the economy as a whole.Biden discussed the proposals at a metal works concern in Dunmore, Pennsylvania. 1085

EL CAJON, Calif. (KGTV) -- El Cajon native Jimmie Johnson has come a long way, but he hasn’t forgotten his roots in El Cajon. "Jimmie Johnson through three and four, make room Richard Petty and Dale Earnhardt, there's another seven-time champ, Jimmie Johnson wins his seventh Nascar Sprint Cup Championship."Jimmie Johnson has become a NASCAR legend and to think back in the early 1990s, he used to walk the halls at Granite Hills High School."Yes, he was a typical Granite Hills student at the time he was heavily into motocross, you know, he was a desert rat like every other kid here at Granite," said Dan Santos, Assistant Principal at Granite Hills. Now to go along with his seven NASCAR titles, he's also accumulated 83 career wins.TIMELINE: El Cajon native and famed NASCAR driver Jimmie Johnson through the years"My god, I can't believe it history boys no one ever,” Johnson said. And he's become a winner in the community as well. Over the years he’s given back to El Cajon and the entire East County through his Jimmie Johnson Foundation. He's helped high schools including Granite Hills with grants totaling over a half million dollars."To be able to give back and put a smile on people's faces and to give to people in need, you know, like our foundation does. And to even come back here and donate back to the school, on a different level, it's a totally different experience and a great experience to give back,” Johnson said in 2007. "Jimmie...gave us the ability to actually redo this whole concessions area for our site, for our students, and for our community as well,” Santos said. Complete Coverage: Life in El CajonBut there is more; his foundation has also made a difference in partnering with Habitat for Humanity to build new homes in the El Cajon area."It doesn't surprise me at all and for me as an alum, it makes me really proud to know that someone of that stature would give back not just to his high school, but to the community of El Cajon as well,” Santos added. 2003

Disney has narrowed down the opening dates for their Stars Wars expansions that are being built at both Disneyland and Disney World.The company announced on their Disney Parks blog that Star Wars Galaxy's Edge will open at Disneyland in summer of 2019. The expansion will open at Disney World in late fall 2019.The exact dates for the opening of both parks will be announced at a later date. They come just a few months before the yet to be named Star Wars Episode 9 is due in theaters on December 20, 2019.At Disneyland the massive expansion is being built north of Frontierland. At Disney World is being built at Disney's Hollywood Studios.The Disney World expansion is also being accompanied by a Star Wars themed hotel. No opening date for that facility has been announced.Disney also posted a teaser video for the parks on their YouTube page:  861

Economic uncertainty may be roiling the country right now, but that’s not stopping home sales. In some areas, like the suburbs of New York City, bidding wars are back. In July, one house in Orange, N.J. had 97 showings and 24 offers, according to the New York Times.That same month, .3 billion worth of residential real estate sold in the suburbs of Washington, D.C., according to the Washington Post, compared to .2 billion the year before—demonstrating just how much demand there is in some parts of the country. That demand has caused median home prices to spike. Prices in September are 13% higher than they were the same time last year, the largest increase since 2013, according to real estate listing firm Redfin.“We are seeing really interesting trends emerge from COVID that are causing demand to change to an all-time high at the same time that the supply of availability is at an all-time low,” says David J. Wilk, assistant professor of finance and director of the Real Estate Program at Temple University’s Fox School of Business.That means a lot of homes, especially those close to big cities, are suddenly worth a lot more. For homeowners, it’s an envious position: Their equity has bloomed. But what should they do with it? Here are three options.1. Sell Your HomePrices are high, so it’s time to sell, right? As with everything in real estate, it depends.Selling might be the right move for older homeowners who are looking to downsize to a smaller house, a condo or 55+ living. It also may be ideal for homeowners interested in moving to a lower-priced housing market—if the timing is right, and you absolutely know where you want to go.Dottie Herman, CEO of Douglas Elliman, a Manhattan brokerage firm, says it’s also not a bad time to cash out of the ‘burbs to make a city move if you’ve wanted to do so—especially to Manhattan, where sales were sluggish this spring and summer. “If you really love New York City and you believe as I do that it will come back, it’s a great time to buy in the city,” she says, adding that it might be another three to four years before prices rebound.Beware: Your New House Also May Cost MoreIf you want to stay in the same area, a jump in your home’s price most likely means the house you want has made the same leap.You can still consider trading up, especially if your lifestyle has changed because of the pandemic, and you anticipate it staying somewhat altered when we’re on the other side of it. That may mean more people in the house more of the time—and the need for the space to match. “If you can work from home and you don’t have to commute every day, then that drastically changes your decision matrix,” Wilk says.Falling Interest Rates Can Make a Move Make SensePlus, with interest rates for 30-year mortgages at record lows, getting a bigger mortgage now might make sense in the long term. Just make sure you can still afford the payments and aren’t necessarily banking on that home also becoming a big pay out down the road because the housing market is cyclical and eventually will fall down again.“Rushing to sell your house or buy a house because of the short term isn’t a prudent move,” says Danny McAuliffe, CFP, wealth advisor and head of planning at Perigon Wealth Management. “Making decisions based on what you can afford and make sense for you and your family, that is going to be a better situation for the long term.”If you’re thinking of making that high- to low-cost market move, Herman warns that you should at least live in the place first by renting to see if you really like it. This is especially true for seniors who dream of ditching colder climates for warmer places.Not only does it make sense to get a feel for the area in which you want to live that you can’t achieve while on vacation, but you also will learn if you have the temperament to be away from family for so long. Otherwise, you’ll cash out now and have to buy back in—and who knows what the market will be like then.2. Have Your Home Appraised to Ditch Mortgage InsurancePrivate mortgage insurance (PMI) is usually tacked onto your monthly mortgage payment if you put down less than 20% on the property when you purchased it. PMI is there to protect lenders in case you walk away. But if your home is suddenly worth more, you may hold enough equity to request to have PMI cancelled.To do this, you need to show lenders the home has increased in value, which means paying for a home appraisal. Those typically cost between 0 and 0. Meanwhile, PMI typically costs between 0.05% and 1% of the loan amount annually, which means the appraisal will pay for itself.If you’re staying put, you should also reassess your insurance to make sure it matches what your home is now worth, says McAuliffe. That’s because a policy based on a lower price may not cover the current value of the home, should the worst happen and you need to rebuild.“Specifically you want to make sure that the dwelling coverage in your homeowners policy is sufficient to rebuild your home if something catastrophic were to happen,” he says, adding that these policies typically exclude earthquake and flood insurance.3. Take Equity OutWith interest rates so low, taking some equity out is another option. You can use that money to make renovations to your current home—which may be tax deductible, says McAuliffe—or pay off high interest credit card debt—as long as you don’t then rack up debt on them again.You can take equity out in several ways, including through a home equity line of credit (HELOC) or a cash-out refinance, where you pull the equity out in, well, cash. Homeowners at least 62 years old also can take out a reverse mortgage, which lets them borrow from their home’s equity.Herman says money drawn from equity could be used to buy another property, either as a second home, or to rent out. But only think about becoming a landlord if you have tolerance for it and can cover the mortgage in the case the property is empty between tenants, or tenants stop paying.Just make sure that you aren’t taking all of the equity out. People who got in trouble in 2007 and 2008 “pulled all of their equity out,” Herman says. “When prices dropped, they were stuck because they had used all the equity up in their home for something else.” So don’t press your luck and strip your house of all its old and new equity, or else you may wind up with a house worth less than what you owe on it. 6432

Editor's note: An earlier version of this story repeatedly referred to the governor as "Mike Parsons." Scripps regrets the error. Missouri Gov. Mike Parson said in a radio interview on Friday that he still supports reopening schools in the fall despite the fact that he knows children will contract the novel coronavirus when they return to the classroom.Parson made the comments in a radio interview with Marc Cox, a talk show host on 97.1 FM in St. Louis. Cox asked Parson to respond to local politicians that he felt were "overreacting" to the pandemic, particularly when it came to youth sports."These kids have got to get back to school, they're at the lower risk possible," Parson said. "And if they do get COVID-19, which they will, and they will when they go to school, they're not going to the hospitals. They're not going to sit in doctor's offices. They're going to go home, and they're going to get over it."Parson went on to say that "science" proved his point, though he did not cite and specific statistics.Watch the interview in the player below. Parson's comments about children in schools begin at about the two-minute mark.The CDC does say that children do not appear to be high risk for COVID-19, and that the vast majority of confirmed cases have appeared in adults. However, children are still able to spread the virus to friends and family members.And while children are often spared from the most serious cases of COVID-19, the CDC reports that the virus has sent dozens of children to the hospital. Currently, the agency's COVID-19 Associated Hospitalization Surveillance Network currently reports that for every 200,000 children aged 5-17, about 1 is sent to the hospital every week. The network doesn't monitor hospitals in Missouri, but if those statistics hold true, between four and five public school students in pre-K through high school would be hospitalized in the state each week. According to Education Week, there are more than 900,000 students in the state.Parson also did not mention teachers, administrators and other school staff members, all of whom could catch the virus from children or other adults in the school.Parson also argued that keeping students out of school could cause more issues than if students were to come back to class."The risk of not putting them back in school — I guarantee it will cause more problems than the virus than we'll ever think creates long-term for our state," Parson said.Dr. Anthony Fauci, the nation's top infectious disease expert, has said that he feels schools outside of virus hot sports should try and reopen for that very reason. In addition to furthering children's' social and cognitive development, with schools open, more kids will have access to nutritious meals as well as mental and physical health evaluations. However, Fauci has said schools in areas where the virus is rampant need to be careful."We should try as best as possible to keep kids in school," Fauci said. "...however, that's going to vary depending on where you are in the country." 3050