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Elwood Adams' storefront in Worcester, Massachusetts. Screengrab via CBS Sunday Morning on YouTube.

When Elwood Adams Hardware Store first opened its doors, the bestselling items were clock bells and pinions. That was 1782. Now, on October 20th, the oldest continuously run hardware store in America will close its doors for good, CBS reports, a victim of Amazonization.

The big picture: Elwood Adams, established in Worcester, Massachusetts, survived two wars on U.S. soil, the Great Depression and the Great Recession. But those were less damaging than the shift to online shopping. "I think Amazon or the larger big-box stores have probably just been too much to compete against," city manager Ed Augustus told CBS.

  • The demise of Elwood Adams illustrates the profound challenge to brick-and-mortar retail, and another hit to the mom-and-pop shops that once dominated Main Street.

Go deeper

Birx: Trump White House could have reduced COVID deaths by 30 to 40%

Deborah Birx, then-coronavirus response coordinator, speaks during a news conference in the White House last November. Photo: Chris Kleponis/CNP/Bloomberg via Getty Images

Deborah Birx, the White House COVID-19 response coordinator under former President Trump, told a House subcommittee this month that the Trump administration could have prevented tens of thousands of deaths during the early stages of the pandemic.

Driving the news: "I believe if we had fully implemented the mask mandates, the reduction in indoor dining ... and we had increased testing, that we probably could have decreased fatalities into the 30% less to 40% less range," Birx said in closed-door testimony to the Subcommittee on the Coronavirus Crisis, according to excerpts provided by the panel.

Study: Fear of debt keeps Latinos out of college

Illustration: Aïda Amer/Axios

Fear of never being able to pay off school loans is keeping many young Latinos in the U.S. from going to college or completing a degree, according to a report published in September.

State of play: Latinos tend to have more difficulty repaying school debt than white student borrowers, according to Federal Reserve data, at the same time that they need more loans in order to afford tuition.

3 hours ago - World

Scoop: Biden administration objects to Israeli settlements plan

Israeli PM Naftali Bennett (L) meets with Secretary of State Tony Blinken. Photo: Olivier Douliery/Pool/AFP via Getty

The Biden administration has privately protested to the Israeli government over its plan to approve the planning and construction of more than 3,000 new housing units in the Israeli settlements in the occupied West Bank, sources briefed on the issue tell me.

Why it matters: The approvals for new homes in the settlements will be the first since President Biden assumed office, and come after Biden and his top aides personally pressed Israeli Prime Minister Naftali Bennett to restrain settlement activity and decrease the number of new housing units.