Fishy excuse? Denmark could use SPAWNING COD to delay construction of Russian gas pipeline to Europe
Earlier this week, the Danish Energy Agency (DEA) said that the operator of the project – Nord Stream 2 AG – can use ships with anchor positioning, expanding earlier rules that allowed it to use only vessels equipped with a dynamic positioning system. According to the agency, anchored pipelayers can be used both separately or in combination with ships equipped with a dynamic positioning system. Also on rt.com US sanctions on Russian gas pipeline illegal ‘an assault on Europe’s sovereignty’ – Bundestag member to RT However, the works cannot be resumed for at least four weeks as the energy regulator's decision can be appealed by local and national environmental bodies, the DEA spokesman said. The complaint can be filed to the Danish … [READ MORE...]
McClatchy, a Family Newspaper Business, Heads Toward Hedge-Fund Ownership
McClatchy’s troubles can be traced back to 2006, when it bought its much larger rival, Knight Ridder, then the second-largest newspaper chain in the United States, for $4.5 billion, plus the assumption of $2 billion in debt. From the time shortly after the merger to the end of 2018, McClatchy’s work force went from more than 15,000 full-time employees to around 3,300, according to public filings. The current bankruptcy plan calls for McClatchy to cut staff further through 2022.The Knight Foundation, a journalism nonprofit that originated with the family whose Knight Newspapers merged with Ridder Publications to form Knight Ridder, declined to comment for this article. It reported an endowment of more than $2.4 billion in 2019.Chatham Asset Management, the company that could end up the … [READ MORE...]
Meet the Gleaners, Combing Farm Fields to Feed the Newly Hungry
In truth, gleaning gathers a very small fraction of what is surely billions of pounds of produce, most of which is simply worked back into the soil. It also yields far less than other surplus-food programs, where donations from supermarkets and distribution hubs are measured not by the garbage bag, but the tractor-trailer.But gleaning is still important, Mr. Peterson said. “What gleaners do really well is work within the spaces missed by more traditional food recovery and hunger programs,” he said.They can pick a farm’s fragile greens on 24 hours’ notice, set out a free box of tomatoes still warm from the sun at a rural library, or deliver pints of delicate, just-picked raspberries to a nearby food pantry lacking a refrigerator, on the same day it gives out food.That’s why Harvest Against … [READ MORE...]
Latest News
When Washington Helped Small Business, Washington Was Helped
Anzalone, which is based in Alabama, lists companies including Airbnb and Volkswagen, as well as the Chicago Cubs and the Seattle Seahawks, among its clients. Lake Research’s founder and president, Celinda Lake, said less than half of the firm’s revenue was from “electoral politics.” She said, “We do a lot of different kinds of work — marketing, government, nonprofits, labor unions, corporate.”Loans also went to a trio of firms that have collectively been paid more than $3 million for direct … [Read More...]
Lobbyists, Law Firms and Trade Groups Took Small-Business Loans
A New York shipping business owned by the family of Transportation Secretary Elaine Chao, the wife of the Senate majority leader, Mitch McConnell, received at least $350,000, according to the data. A person familiar with the company, Foremost Group, said that the loan was for less than $500,000 and that no employees had been laid off during the pandemic. Ms. Chao has no formal affiliation or stake in the business, but she and Mr. McConnell have received millions of dollars in gifts from her … [Read More...]
Virus Revives Italy’s Age-Old Shadow Safety Net: The Pawnshop
“When things are going well you can buy your stuff back,” said Claudio Lorenzo, 65, a crossing guard who stopped working when schools closed and who waited outside the pawnshop of a Milan bank to pay interest on his and his wife’s wedding rings. “When things are going bad, you can’t.”In July 2018, Affide’s parent company, Dorotheum, an auction house and pawn credit service based in Vienna that is more than 300 years old, bought the pawn unit of the Italian banking giant UniCredit. In February, … [Read More...]
With Department Stores Disappearing, Malls Could Be Next
Mr. Hull said that he anticipated making malls more “community-based” in smaller markets, with local and regional businesses. “It’s going to be cooking classes, boutiques, internet businesses that want a physical presence, health care, food choices,” he said.In Cupertino, Calif., where Apple has its headquarters, the fate of the shuttered Vallco Shopping Mall has become a contentious issue, with impassioned public debates around replacing it with affordable housing, new entertainment and retail … [Read More...]
Previous news
- European Workers Draw Paychecks. American Workers Scrounge for Food.
- Congress Eyes More Spending as Virus Cases Surge and Economy Struggles
- Congress Extends Small-Business Loan Program for 5 Weeks
- Federal Reserve Minutes Show a Litany of Reasons to Worry About Economy
- He Says a Union Fired Him Over His Push for Police Reform
Small Business
Meet the Gleaners, Combing Farm Fields to Feed the Newly Hungry
In truth, gleaning gathers a very small fraction of what is surely billions of pounds of produce, most of which is simply worked back into the soil. It also yields far less than other surplus-food programs, where donations from supermarkets and distribution hubs are measured not by the garbage bag, but the tractor-trailer.But gleaning is still important, Mr. Peterson said. “What gleaners do really … [Read More...]
The Long, Unhappy History of Working From Home
Quora said 60 percent of its workers expressed a preference for remote work, in line with national surveys. In a Morning Consult survey in late May on behalf of Prudential, 54 percent said they wanted to work remotely. In a warning sign for managers, the same percentage of remote workers said they felt less connected to their company.One very public setback for remote work was at Best Buy, the … [Read More...]
Your Money
Why College Students May Qualify for Special Covid Pandemic Aid
Walter Cortina, a 17-year-old high school student in St. Paul, Minn., said he had worked for several years at a carwash, part time during the school year and full time in the summer. He used the money to help support his younger sister as well as his mother and aunt. When he lost his job in March because of the pandemic, he said, he was rejected for jobless benefits. He was eventually able to find … [Read More...]
How Investors Are Addressing Racial Injustice
“Our technology helps you report on what you’re investing in,” Mr. Lipman said.Promoting diversity from withinTwenty-six of the top foundations had 13.5 percent of their assets managed by firms owned by women or people of color, according to a report released this week by the Knight Foundation, which supports journalism and equitable communities. But in the investment industry as a whole, only 1 … [Read More...]