March 19, 2021

overhaul

Chuck Schumer Stalls Climate Overhaul of Flood Insurance Program

WASHINGTON — One of the federal government’s main efforts to push Americans to prepare for climate threats is in question after the Senate majority leader’s office objected to a plan to adjust flood insurance rates.

The Federal Emergency Management Agency was preparing to announce new rates for federal flood insurance on April 1, so that the prices people pay would more accurately reflect the risks they face. The change would very likely help reduce Americans’ vulnerability to floods and hurricanes by discouraging construction in high-risk areas. But it would also increase insurance costs for some households, making it a tough

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Biden faces backlash over small business rescue overhaul

“These businesses have been neglected for nearly a year,” House Small Business Chair Nydia Velázquez (D-N.Y.) told POLITICO. “I committed to working with the Biden administration to spread these benefits to as many of these sole proprietors as possible, not just those submitting new applications.”

According to data from the House Small Business Committee, more than 2.6 million sole proprietors, independent contractors and self-employed individuals have already been approved for PPP loans.

The backlash is the latest in a series of controversies around the SBA’s handling of the program, which since its launch last April has distributed more than $662

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Vermont is due for a school finance overhaul, but the pandemic will delay it

Jennifer Botzojorns
Northeast Kingdom superintendent Jen Botzojorns says low wages make it nearly impossible to keep qualified teachers on staff, over 30 educators in her district don’t have the right degrees for the subject matter they teach — and her buildings are in dire shape. Photo by Bob LoCicero

It’s highly unlikely that the Legislature will overhaul the way Vermont’s public schools are financed this session, Senate President Pro Tempore Becca Balint, D-Windham, said Wednesday, although short-term money could flow to schools sooner to take the pressure off.

Armed with the findings from a study commissioned by lawmakers, local school officials and

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Australia’s Treasury Wine to overhaul business, sell assets as Chinese tariffs bite

(Reuters) – Treasury Wine Estates plans a major overhaul of its business that includes the likely sale of low priority brands and other assets, aiming to gain at least A$300 million ($230 million) as it reels from the impact of steep Chinese tariffs on Australian wine.

FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray

The restructuring was unveiled on Wednesday as the world’s largest listed winemaker reported a 43% slump in first-half net profit to A$120.9 million ($94

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