April 19, 2021

shows

Pandemic destroyed fewer U.S. businesses than feared, Fed study shows

The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo

Fewer than 200,000 businesses in the United States may have failed during the first year of the COVID-19 pandemic, a lighter toll than initially feared and one that may have had relatively little impact on unemployment, according to Federal Reserve research.

The figure contrasts with the early forecasts that the pandemic would leave America’s”Main Street” desolate as well as with polls that continue to show large percentages of U.S. small business owners are worried about their survival.

Perhaps 600,000 businesses, most

Read More

New business shows strong economy and an exciting future for Waco

WACO, TX — Despite a pandemic, businesses have sustained, expanded, and some have even opened for the very first time, over the last year.

This shows Waco is holding strong after what some would describe as the worst year of their life.

Grit N’ Grace started out online over the last two years. Owner Kelly Balderrama started it just for fun as a part time job. Before the pandemic was even a thought she quit her job and her part time work turned full time.

“The pandemic was super hard, I mean I had no job, and I had this

Read More

FEMA flood insurance rates could spike for some, new study shows

With a major overhaul of the nation’s flood insurance program just months away, new data released Monday by the First Street Foundation suggests hundreds of thousands of homeowners in the riskiest locations across America could face massive rate hikes starting in October.

The Brooklyn, New York-based research group estimates the average rate needs to more than quadruple on the nation’s most flood-prone homes under the ongoing effort to make the federal flood insurance program solvent and ensure homeowners most at risk are paying their fair share.

First Street data projects that the majority of homeowners won’t see big rate changes,

Read More

Video shows how Earth’s tectonic plates moved over 1 billion years

The land mass that became Antarctica once sat along the Equator. Over Earth’s history, several supercontinents have broken up and come back together like the Backstreet Boys.

Our current seven continents and five oceans are the result of more than 3 billion years of planetary evolution, the tectonic plates crisscrossing atop the semi-solid ooze of Earth’s core. 

But charting the precise movements of those plates over all that time is challenging; existing models are often piecemeal, span only a few million years, or focus on just continental or oceanic changes, not both. 

Now, for the first time, a group of

Read More