WASHINGTON—The Treasury Department said it approved nine state plans for the State Small Business Credit Initiative worth $940 million, bringing total approvals under the COVID-19 recovery venture capital program to $1.5 billion. The $10 billion SSBCI program aims to address a shortage of capital for new business startups and other small business development, particularly in…
Treasury Approves $940 Million in Small Business Capital Funds for 9 States
Chinese Cities Push Collective Buying of Homes Amid Shrinking Government Income
Since June, at least nine Chinese cities have been reportedly encouraging residents, including government employees, to “group buy” designated properties in an effort to boost local property sales. Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers make the purchase….
Is Warren Buffett’s Interest in Occidental a Bet Against Recession?
Warren Buffett’s near 20 percent stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a “cash machine” that feeds his other investments. Buffett’s Berkshire Hathaway has been snapping up Occidental shares since 2019, when it bought around $10 billion in preferred stock to help…
Committee Sets Deadline on Grocery Code of Conduct as Key Issues Remain Outstanding
An industry committee set up to establish a grocery code of conduct says it has made significant progress but has yet to find solutions on several key issues. In an interim report shared with federal, provincial and territorial agriculture ministers last week, the group says it may require government intervention if it fails to resolve…
San Clemente Allows Homeless Charity to Stay at City Property for Another Year
San Clemente City Council July 19 narrowly approved extending a homeless nonprofit’s lease on a city-owned property after the group said eviction would be catastrophic. After meeting for nearly six hours, the council voted 3–2 to allow Family Assistance Ministries (FAM) to remain at 1030 Calle Negocio through spring 2024. The faith-based charity provides aid…
Glaciers and Whales in Valdez, Alaska! | Expedition Overland Episode 4
Watch as the crew leaves their beloved Toyota trucks behind and head out in the open waters of Valdez, Alaska, viewing the incredible glaciers, icebergs, and sea life. The team has settled in to overlanding life and is excited for what’s next on the road! Make sure to watch to the end. Credit: Expedition Overland…
17 Attorneys General Warn Google About Censoring Pregnancy Crisis Centers
A coalition of 17 attorneys general is threatening Google with an anti-trust investigation if it censors pregnancy crisis centers from search results related to abortion. Pregnancy crisis centers are different from abortion centers in that they provide resources for women who choose to carry their babies to full term. The attorneys general of Virginia and…
Queensland Government Defends Funding Largely Unused $200 Million Quarantine Facility
The Queensland government is standing by its decision to build and maintain a multi-million dollar COVID-19 quarantine facility located around 145 kilometres west of the state’s biggest city, Brisbane, that has seen limited use since it was completed. Just 700 people have been through the 1000-bed facility since it was opened in February, built at…
Daylight Savings or Daylight Robbery?
Commentary The European Parliament voted on March 26, 2019, to phase out the twice-yearly ritual of changing the clock in the European Union (EU). The vote, if implemented, would overturn the present directive on summertime arrangements. Daniel Boffey, reporting on this vote, said that member states would then “be able to choose whether to remain…
Hong Kong Passport Ranks 18th Globally for Travel Freedom
The Hong Kong passport ranked 18th among the world’s best travel documents, with hassle-free entry to 171 destinations, according to the latest ranking by London-based immigration consulting firm Henley & Partners. The Japanese passport once again ranked first, providing hassle-free entry to 193 countries. Singapore and South Korea share second place with hassle-free entry to…
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