March 30, 2021

plans

Build America Bonds may be key to financing Biden infrastructure plans

Republicans and Democrats agree that the U.S. is in dire need of a major infrastructure overhaul, and at the very least, that Congress should authorize significant repairs to roads and bridges.

The fierce disagreement between the two parties begins over which provisions are worthy of running the federal deficit higher, as well as over how to finance such a massive undertaking.

And while Wall Street worries about potential increases to corporate and individual income tax rates, Democrats may soon turn to an Obama-era tool to finance their infrastructure plans: Build America Bonds.

BABs are special municipal bonds that allow states

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Verizon Media expands commerce business, plans to launch Yahoo Shops

What you need to know:

  • Yahoo Shops will be the first digital media marketplace to feature native commerce capabilities and launch with a commitment to diversity, pledging at least 15% of merchants will be Black-owned businesses

  • Shoppable video, personalized features, and XR tools will be hallmarks of Yahoo Shops

  • With the scale of Verizon Media’s audience and advertising platforms, Yahoo Shops offers brands a seamless connection to consumers, from discovery to transaction

NEW YORK, NY – Today, Verizon Media, a leader in innovation, content and commerce, announced plans to launch Yahoo Shops, a new marketplace destination featuring a curated,

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Analysis: ‘Chinese business, Out!’ Myanmar anger threatens investment plans

(Reuters) – “China’s gas pipeline will be burned,” chanted a group of protesters in Myanmar this week on the route of a Chinese pipeline.

FILE PHOTO: Demonstrators protest outside the Chinese embassy against the military coup in Yangon, Myanmar, February 19, 2021. REUTERS/Stringer

Hailed by China as a symbol of “mutually beneficial cooperation”, the pipeline has become a target for public anger over perceptions Beijing is backing the junta that seized power in a Feb. 1 coup.

The rise in anti-China sentiment has raised questions in Myanmar business circles and in China, not only over the surge of Chinese investment

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Zelros raises $11 million for AI that personalizes insurance plans

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Insurance tech startup Zelros today announced that it raised $11 million in series A funding led by BGV. The company plans to use the capital to scale operations across Europe and expand into North America, a spokesperson told VentureBeat.

The insurance tech market is red hot. Online platform Next Insurance, which targets small business owners with a focus on specific niches, recently raised $250 million. In March 2019, Washington, D.C.-based workers’ compensation insurer Pie Insurance brought in $45 million, just a month after CoverHound nabbed

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California and Maryland approve plans to send direct payments to eligible residents

The Guardian

The scars of solitary: Albert Woodfox on freedom after 44 years in a concrete cell

Woodfox was a member of the Angola 3, a group of men wrongfully accused of murder. Now he marks the fifth anniversary of his freedom Albert Woodfox at his home in New Orleans, Louisiana. ‘Who would have thought that all those years in solitary would have prepared me for living through this pandemic?’ he said. Photograph: Bryan Tarnowski Every morning for almost 44 years, Albert Woodfox would awake in his 6ft by 9ft concrete cell and brace himself for the day ahead. He

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Twitter plans to label the personal accounts of heads of state

Beginning next week, Twitter will add labels to the personal accounts of heads of state as it expands its policy on government-affiliated accounts, the company said Thursday. The labels are meant to provide context for users to “have a more informed experience on Twitter,” according to a blog post from Twitter Support.

This appears to be a change from an earlier position when the company said it would not label the personal accounts of heads of state since such accounts already have “widespread name recognition, media attention, and public awareness.”

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