• Business
    Associated Press

    Booze buying surges; senators push airlines for cash refunds

    The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. INDUSTRY: Less than a week after saying it planned to reopen five North American assembly plants, Ford has decided that those facilities will remain closed indefinitely.

  • Business
    The Wrap

    Fox to Raise $1.2 Billion After Saying Coronavirus May Have ‘Material’ Impact on Earnings

    Fox says it plans to raise $1.2 billion through the sale of senior notes and use the money “for general corporate purposes.”Hey, everyone needs a little extra cash these days.Earlier on Tuesday, Fox became the latest major media corporation to tamp down any optimistic financial expectations. As a general rule, Fox does not provide actual financial guidance, so there were technically no specifics to alter.Also Read: Fox News Insider Denies Judge Jeanine Pirro Was Drunk, Explains 'Technical Difficulties' in 1st Home BroadcastWhile Fox News has been a bright spot as viewers flock to the network for information on the pandemic, a number of canceled or postponed sporting events are threatening to offset those gains. And then there are just regular TV and film productions that are on hiatus as social distancing has become our new normal.“The impact of coronavirus disease 2019 (COVID-19) and measures to prevent its spread are affecting the macroeconomic environment, as well as the business of Fox Corporation, in a number of ways,” the company said in a Tuesday SEC filing. “For example, while the company’s national news ratings remain strong, sports events for which the company has broadcast rights have been cancelled or postponed and the production of certain entertainment content the Company acquires has been suspended. The magnitude of the impacts will depend on the duration and extent of COVID-19 and the effect of governmental actions and consumer behavior in response to the pandemic and such governmental actions.”“The evolving and uncertain nature of this situation makes it challenging for the company to estimate the future performance of its businesses, particularly over the near to medium term, including the supply and demand for its services, its cash flows and its current and future advertising revenues,” it continued. “However, the impact of COVID-19 could have a material adverse effect on the company’s business, financial condition or results of operations over the near to medium term.”Read original story Fox to Raise $1.2 Billion After Saying Coronavirus May Have ‘Material’ Impact on Earnings At TheWrap

  • U.S.
    The Independent

    Trump news – live: President now admits coronavirus deaths won’t slow until June as hospital ship arrives in New York harbour

    Donald Trump has branded House speaker Nancy Pelosi “a sick puppy” during an interview with Fox and Friends after extending the timeline for the US to remain in lockdown over the coronavirus pandemic until at least 30 April, abandoning his “aspiration” to have the country back in business by Easter.The White House’s top infectious disease expert, Dr Anthony Fauci, has meanwhile warned that his projection of a potential 100,000 to 200,000 American deaths is “entirely conceivable” if not enough is done to mitigate the crisis, with the president commenting that containing the disaster to that level would represent “a very good job”.

  • U.S.
    The Guardian

    'This is about survival': California tenants plan rent strikes as Covid-19 relief falls short

    Renters say governor’s emergency eviction protections leave many behind and that the only option is to withhold money * Coronavirus – live US updates * Live global updates * See all our coronavirus coverageTenants across California are organizing rent strikes for the month of April, arguing they will not be able to pay their landlords for the foreseeable future and that the minimal protections now in place fail to provide relief for vulnerable renters.As Covid-19 shelter-in-place orders have led to a surge in unemployment and slowed down the state’s economy, the California governor, Gavin Newsom, has passed a two-month delay on imposing evictions for people who cannot pay rent due to the crisis. His order prevents the enforcement of evictions until the end of May but requires tenants to repay the full amount later, forces renters to jump through numerous hoops and opens the door for evictions to resume in June.contentsWhile several large municipalities have passed stronger protections, tenants’ groups say the governor’s order does not go far enough and could pave the way for an even more catastrophic housing crisis than the one plaguing California before coronavirus.Activists are now coordinating rent strikes, a practice that has gained traction in LA in recent years and involves tenants organizing as a group, withholding rents and making collective demands.“We are all suffering, but we shouldn’t have to suffer to this extent,” said Melissa Reyes, a 25-year-old Los Angeles resident who plans to withhold her rent and is helping organize a strike in her Boyle Heights building. “This is about survival and necessity.”Newsom’s order only temporarily restricts the enforcement of evictions, still allowing landlords to start the eviction process, file notices and move to kick tenants out when the moratorium ends. His policy further requires tenants declare in writing that they can’t pay due to Covid-19, and that they have documentation, which could be a hurdle for undocumented workers, people with non-traditional employment and those dealing with medical crises.It also does not stop landlords from moving forward with evictions for reasons other than non-payment, such as remodeling or taking a rental off the market.“It includes a lot of ways for tenants to trip up,” said Michael Trujillo, staff attorney at the Law Foundation of Silicon Valley’s housing program, adding, “The governor has the power right now to just prohibit all evictions.”In a state where many workers have to divert a significant portion of their paychecks to rent, activists have called for a complete moratorium on evictions and foreclosures and a statewide suspension of rent, meaning a rent freeze or forgiveness so that tenants do not wind up with insurmountable debts.“For some, the decision is pay rent and starve, or don’t pay rent and pay for food,” said Chris Estrada, an organizer with the Los Angeles Center for Community Law and Action, which has fielded calls from dozens of tenants who don’t have the cash to pay this week. For many others, he said, the reality is, “‘If we pay April, will I starve in May?’”In a city such as San Francisco, where the median rent for a one-bedroom is $3,479, paying retroactively will be impossible for many. “If six months later, I had a $20,000 debt waiting for me that I was expected to pay off right away, that would not be possible, especially after months of not having a stable paycheck,” said Lupe Arreola, executive director of Tenants Together.The city of Oakland has passed what advocates said was the strongest protection in the state, with a moratorium that prohibits all evictions and prevents late fees and rent hikes in the next two months. While tenants will owe back rent when the emergency is over, the ordinance prohibits landlords from evicting them because of non-payment during that time, a move meant to encourage payment plans. “This should be passed everywhere,” said Leah Simon-Weisberg, an Oakland attorney, adding that she did not know a single tenant advocate in the state who supported Newsom’s much weaker policy.LA’s city council stopped short of passing a complete ban on evictions and requires tenants defend themselves against an eviction in court. The policy gives tenants a year to repay landlords. San Francisco also continues to allow limited evictions.“The reality is corporate landlords are already negotiating with their banks to figure out their mortgage situation and how to not pay,” said Kenia Alcocer, 34, who will not be paying rent in East LA and is helping other tenants strike. “Why not us? We’re the ones most impacted.”Alcocer, an organizer with the group Union de Vecinos, gave birth in January to her second child, who suffered from numerous medical complications, which has already been a huge financial strain on her family and has escalated Covid-19 concerns. She estimated that more than 300 tenants who have worked with her group would not be paying rent this week, adding: “They are talking to their neighbors and their family members, and the numbers are growing rapidly.”Alcocer is encouraging others to strike in solidarity and said she heard from one tenant who panicked, paid April’s rent and now regrets it: “Now, he has no money for food, no money for anything else. He has no job.”The LA Tenants Union is pushing a “food not rent” campaign and urging people not to pay this month even if they temporarily can afford it.Tracy Jeanne Rosenthal, a co-founder of the union, said that while there were clear risks to striking, “There has never been a better time to use what little power we have, which is often your rent check, as a way of demanding that the city and state do right by a majority of its constituents.”In LA county, she noted, an estimated 600,000 people spend 90% of their income on rent: “Tenants were already in crisis.”Some have noted that the $1,200-a-person check from the government as part of its Covid-19 stimulus package would barely make a dent in some people’s rent even as the emergency bill offers major benefits to large corporations. And activists have argued that although corporate landlords should not get bailouts, smaller property owners should also see a suspension of mortgage payments.Kyle Cunningham, a 32-year-old Boyle Heights resident, said he had lost all income as a freelance camera operator and that he had asthma and was uninsured. Withholding rent was the only feasible option for him and his fiance, who is also a freelancer, he said: “It’s a completely unprecedented situation for me. I’ve always paid … But I need to redirect the money I have to protect my family and buy groceries and the other necessities we need to stay inside.”Carolina Reid, faculty research adviser at the Terner Center for Housing Innovation at UC Berkeley, said without drastic action, she feared the economy and housing market was heading toward another crash like the foreclosure crisis of 2008, which led to widening inequality and is still affecting California a decade later: “I’m worried about what happens when this crisis ends.”Jesse Melgar, a spokesman for Newsom, did not respond to specific criticisms about the policy, saying in an email the order would provide “significant relief to millions of Californians who worry about making rent next week and in the months to come – especially in jurisdictions around the state that didn’t act locally to implement their own moratoriums”, adding, “These protections provide a strong, statewide foundation that cities can build upon.”

  • Celebrity
    In The Know

    Bodybuilder Aleesha Young is the ‘world’s strongest mom’

    Aleesha Young is a bodybuilding champion, but her greatest accomplishment is raising her young daughter.

  • Entertainment

    These 24 TV Shows Are All You Need to Watch This Spring

    I'm so ready.Originally Appeared on Glamour