April 5, 2021

Day: April 5, 2021

Small-Business Owners Feel Weight of Personal Debt Guarantees

The vise is tightening on owners of restaurants, fitness centers and other small U.S. businesses trying to hold on until the economy fully reopens. And unlike at most big companies, the burden is often deeply personal.

Townsend Wentz borrowed from his family to open his first Philadelphia fine-dining restaurant in 2014. The chef tapped the equity in his home, erased any semblance of a retirement account and diverted college funds for his daughter into his business. Roughly $1.5 million in personal investment now sits in the balance. The pandemic repeatedly closed his five locations for portions of the year.


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The Latest: Navajo Nation Reports 4 New Virus Deaths | Business News

WINDOW ROCK, Ariz. — The Navajo Nation on Saturday reported 18 additional confirmed COVID-19 cases and four more deaths.

The pandemic totals on the tribe’s reservation that includes parts of Arizona, New Mexico and Utah increased to 30,164 cases and 1,257 deaths.

Tribal President Jonathan Nez encouraged people to celebrate the Easter weekend safely while following COVID-19 protocols. Nez said those including staying home as much as possible, wearing a mask, practicing social distancing, avoiding large in-person gatherings, and washing hands often.

VACCINES: More than 104.2 million people, or 31.4% of the U.S. population, have received at least one dose

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More than 100 business leaders speak out against voting restrictions

“We believe every American should have a voice in our democracy and that voting should be safe and accessible to all voters,” the statement said. The companies are part of Civic Alliance, a coalition that “recognizes that a strong democracy is good for business,” according to its website.

The statement comes as businesses are under growing pressure to condemn legislation in Georgia, Texas, and other key states where Republican lawmakers are trying to clamp down on ballot access.

The Civic Alliance letter said its member companies “stand in solidarity with voters” and that Americans “must have equal freedom to vote

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Federal health insurance programs are now ‘essential’ during future shutdowns, OPM says

It’s official now. Employees and annuitants will have greater peace of mind about their federal health insurance benefits during future government shutdowns.

Under new regulations, which the Office of Personnel Management finalized Friday, federal employees will no longer see major disruptions to their federal health and life insurance benefits during future government shutdowns.

The new regulations follow a draft policy that OPM released and opened for pubic comment last summer.

The new policy implements certain provisions of the 2020 National Defense Authorization Act, which instructed OPM to make certain federal health and life insurance services “essential” under the Antideficiency

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The Powerful New Financial Argument for Fossil-Fuel Divestment

In a few months, a small British financial think tank will mark the tenth anniversary of the publication of a landmark research report that helped launch the global fossil-fuel-divestment movement. As that celebration takes place, another seminal report—this one obtained under the Freedom of Information Act from the world’s largest investment house—closes the loop on one of the key arguments of that decade-long fight. It definitively shows that the firms that joined that divestment effort have profited not only morally but also financially.

The original report, from the London-based Carbon Tracker Initiative, found something stark: the world’s fossil-fuel companies

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Rick Leach: Former Holly Springs officer raising money for double lung transplant

HOLLY SPRINGS, N.C. (WTVD) — A man who spent years giving back to his Wake County town now needs your help.

Rick Leach is a former sergeant with the Holly Springs Police Department who spent years as a school resource officer. He has been diagnosed with pulmonary fibrosis which causes scarring and damage in the lungs.

Doctors tell him and his wife Jann that the only solution is a double lung transplant.

The Leach’s previously kept their story quiet but spoke up because they realized the mounting bills they were facing not only for the surgery but recovery.

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