Rende Progress Capital aims to address the racial wealth gap by providing loans and investment capital to entrepreneurs of color
Funding
BioMarin Pharmaceutical Inc. has announced a 60m investment in the expansion of its state-of-the-art facility in Shanbally, Co. Cork.
Amanda tries out a holiday home hack that claims to make gift wrapping a little easier. Will it work?
The town of Bonnieville in Hart County, Kentucky is officially no longer city after residents voted on it in November.
The U.S. Postal Service says its ready for the holiday rush after recent upgrades, but the agency faces tough questions about its future on Capitol Hill.Lawmakers are concerned about how a major reform effort, including plans to consolidate facilities and collection routes as early as next year, could impact service for their constituents. The Postal Service says key investments in delivery centers and package sorting machines are helping them pick up the pace in its peak season. The growing focus on the package business is part of a broader system overhaul, branded as the Delivering for America Plan. The 10-year roadmap is aimed at fixing a long-standing problem.The fundamental issue is USPS has an unsustainable business model, said David Marroni, who has studied the agencys operations for the Government Accountability Office. During a testy Senate Oversight Committee hearing last week, Postmaster General Louis DeJoy said mail volumes have plummeted over the years, and the agency needs to cut costs to make up lost revenue.”The survival of mail and the Postal Service itself depends on successfully navigating this irreversible volume shift,” DeJoy said.But that has proven challenging, despite additional funding for the Postal Service passed by Congress two years ago. “You are not meeting your financial targets. You are hemorrhaging cash when you said you would be making money. Delivery in Georgia has been abysmal this year. You have not recovered as you said you would, ” said Sen. Jon Ossoff (D-Georgia). Senators also raised concerns about mail delays impacting prescriptions, rent payments, and Social Security checks, among other important items. “When can we expect mail delivery back down to the two-day standard?” asked Sen. Jacky Rosen (D-Nevada).”We are at about 85% on time, 95% a day later. We will be in that condition for probably the next 8 to 12 months,” DeJoy responded.But lawmakers fear wait times will get longer in some places as the Postal Service proposes consolidating facilities across the country.I oppose the plan because implementation of it will harm service and delay delivery, said Sen. Maggie Hassan (D-New Hampshire).Hassan is specifically raising concerns about plans to move some postal operations from Manchester, New Hampshire to Boston and from White River Junction, Vermont to Hartford, Connecticut. She asked for an independent review, which DeJoy wouldnt commit to. Another part of the cost-saving plan calls for reducing evening mail collection trips far away from regional hubs, a concern for rural areas.”I hate this plan and I’m going to do everything I can to kill it,” said Sen. Josh Hawley, (R-Missouri).DeJoy said streamlining truck trips won’t negatively impact mail delivery and could even improve it. However, he said collections could be pushed back between 12 to 24 hours in some cases.I need to get costs down. I dont believe this is a punitive way, DeJoy said. These plans are currently under review but could take effect as early as next year.They are going to have to make trade-offs in some areas, Marroni said. If there was an easy answer this wouldve been fixed a long time ago.
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South Korea’s embattled President Yoon Suk Yeol avoided an opposition-led attempt to impeach him over his short-lived imposition of martial law, as most ruling party lawmakers boycotted a parliamentary vote Saturday to deny a two-thirds majority needed to suspend his presidential powers.Video above: South Korean president apologizes for declaring martial lawThe scrapping of the motion is expected to intensify public protests calling for Yoon’s ouster and deepen political chaos in South Korea, with a survey suggesting a majority of South Koreans support the president’s impeachment. Yoon’s martial law declaration drew criticism from his own ruling conservative People Power Party, but it is also determined to oppose Yoon’s impeachment apparently because it fears losing the presidency to liberals.After the motion fell through, members of the main liberal opposition Democratic Party rallied inside the National Assembly, chanting slogans calling for Yoon’s impeachment or resignation. The party’s floor leader, Park Chan-dae, said it will soon prepare for a new impeachment motion.”We’ll surely impeach Yoon Suk Yeol, who is the greatest risk to the Republic of Korea,” party leader Lee Jae-myung said. “We’ll surely bring back this country to normal before Christmas Day or year’s end.”Despite escaping the impeachment attempt, many experts worry Yoon won’t be able to serve out his remaining 2 years in office. They say some ruling party lawmakers could eventually join opposition parties’ efforts to impeach Yoon if public demands for it grow further.The ruling party risks “further public outrage and national confusion if they don’t find a formula fast for Yoon’s departure,” said Duyeon Kim, a senior analyst at the Center for New American Security in Washington.Protests against Yoon are swellingOn Saturday, tens of thousands of people densely packed several blocks of roads leading up to the National Assembly, waving banners, shouting slogans and dancing. Protesters also gathered in front of PPP’s headquarters near the Assembly, angrily shouting for its lawmakers to vote to impeach Yoon. A smaller crowd of Yoon’s supporters, which still seemed to be in the thousands, rallied in separate streets in Seoul, decrying the impeachment attempt they saw as unconstitutional.Impeaching Yoon required support from 200 of the National Assembly’s 300 members. The Democratic Party and five other small opposition parties, which filed the motion, have 192 seats combined. However, only three lawmakers from the PPP participated in the vote. The motion was scrapped without ballot counting because the number of votes didn’t reach 200.National Assembly Speaker Woo Won Shik called the result “very regrettable” and an embarrassing moment for the country’s democracy that has been closely watched by the world.Opposition parties could submit a new impeachment motion after a new parliamentary session opens next Wednesday.If Yoon is impeached, his powers will be suspended until the Constitutional Court decides whether to remove him from office. If he is removed, an election to replace him must take place within 60 days.The president apologizes for turmoilEarlier Saturday, Yoon issued a public apology over the martial law decree, saying he won’t shirk legal or political responsibility for the declaration and promising not to make another attempt to impose martial law. He said he would leave it to his party to chart a course through the country’s political turmoil, “including matters related to my term in office.””The declaration of this martial law was made out of my desperation. But, in the course of its implementation, it caused anxiety and inconveniences to the public. I feel very sorry over that and truly apologize to the people who must have been shocked a lot,” Yoon said.Since taking office in 2022, Yoon has struggled to push his agenda through an opposition-controlled parliament and grappled with low approval ratings amid scandals involving himself and his wife. In his martial law announcement on Tuesday night, Yoon called parliament a “den of criminals” bogging down state affairs and vowed to eliminate “shameless North Korea followers and anti-state forces.”The turmoil resulting from Yoon’s bizarre and poorly-thought-out stunt has paralyzed South Korean politics and sparked alarm among key diplomatic partners like the U.S. and Japan.”Yoon’s credibility overseas has been undermined by declaring martial law, so he won’t be able to exercise leadership in his foreign policies, especially when his days are numbered,” Kim, the analyst, said. “Its government bureaucracy will need to continue business as usual for existing alliance and foreign policy initiatives as best it can because there is a lot of important work to do globally.”Tuesday night saw special forces troops encircling the parliament building and army helicopters hovering over it, but the military withdrew after the National Assembly unanimously voted to overturn the decree, forcing Yoon to lift it before daybreak Wednesday. The declaration of martial law was the first of its kind in more than 40 years in South Korea. Eighteen lawmakers from the ruling party voted to reject Yoon’s martial law decree along with opposition lawmakers. PPP later decided to oppose Yoon’s impeachment motion.Yoon’s speech fueled speculation that he and his party may push for a constitutional amendment to shorten his term, instead of accepting impeachment, as a way to ease public anger over the marital law and facilitate Yoon’s early exit from office.Lee told reporters that Yoon’s speech was “greatly disappointing” and that the only way forward is his immediate resignation or impeachment. His party called Yoon’s martial law “unconstitutional, illegal rebellion or coup.”Lawmakers on Saturday first voted on a bill appointing a special prosecutor to investigate stock price manipulation allegations surrounding Yoon’s wife.Yoon accused of ordering arrests of politiciansOn Friday, PPP chair Han Dong-hun, who criticized Yoon’s martial law declaration, said he had received intelligence that during the brief period of martial law, Yoon ordered the country’s defense counterintelligence commander to arrest unspecified key politicians based on accusations of “anti-state activities.”Hong Jang-won, first deputy director of South Korea’s spy agency, told lawmakers Friday that Yoon had ordered him to help the defense counterintelligence unit to detain key politicians including Han, Lee and Woo.The Defense Ministry said Friday it suspended three military commanders, including the head of the defense counterintelligence unit, over their involvement in enforcing martial law.Vice Defense Minister Kim Seon Ho has told parliament that Defense Minister Kim Yong Hyun ordered the deployment of troops to the National Assembly. Opposition parties accused Kim of recommending to Yoon to enforce martial law.Kim resigned Thursday, and prosecutors imposed an overseas travel ban on him.
EMV Capital (AIM:EMVC) earlier this week announced the successful completion of an oversubscribed 1.5 million fundraising round, conducted at a 15% premium…
NOW, WITH AN INCOMING TRUMP ADMINISTRATION? WELL, LETS START WITH WITH ANY OTHER ADMINISTRATION ON GODS GREEN EARTH, OF COURSE IT WOULD BE GUARANTEED. ITS ALREADY BEEN ALLOCATED AND SO ON. WHAT WE ARE WORKING FEVERISHLY TO DO IS LITERALLY TO LOCK THE DOORS AND WINDOWS. SO THERE IS NO WAY TO PULL THAT MONEY. CUT THE CHECK. YEAH. SO THATS WHAT WERE LOOKING FOR. THATS THE QUESTION. WHEN WILL THAT CHECK BE CUT? WELL, LIKE ANYTHING WHEN YOURE TALKING ABOUT A COUPLE OF BILLION DOLLARS, IT ACTUALLY COMES IN DIFFERENT PIECES. REMEMBER THE FUNDING CAME IN DIFFERENT PIECES. REMEMBER HOW WE GOT 25 MILLION AT THE BEGINNING AND THEN WE GOT 650 MILLION, AND THEN WE GOT RIGHT OTHER PIECES. SO THAT MEANS THEYRE ALL ON SLIGHTLY DIFFERENT TRACKS. THERE IS NO I LOVE THE METAPHOR OF CUT THE CHECK, BUT THERE IS NO SINGLE. SO WE HAVE LOCKED SOME OF THE PIECES DOWN AND WORKING VERY HARD. AND I WANT TO GIVE A SHOUT OUT TO GOVERNOR HEALEY, HER TEAM HAS BEEN JUST TERRIFIC IN WHAT THINGS DO WE NEED TO DO IN ORDER TO MAKE SURE THAT WEVE DOTTED EVERY I CROSSED EVERY T, AND JUST QUICKLY, THE BOURNE BRIDGE. WHERES FUNDING FOR THAT? THATS GOING TO BE NEW FUNDING. OKAY. AND THATS GOING TO BE HARDER RIGHT NOW IN A BLUE STATE. YEAH. YOU KNOW, I JUST WANT TO SAY THOUGH, THE IRONY HERE THAT WERE TALKING ABOUT STATES IN THE FOUR YEARS THAT JOE BIDEN WAS PRESIDENT AND THE EIGHT YEARS THAT BARACK OBAMA WAS PRESIDENT, A LOT MORE MONEY ACTUALLY WENT TO RED STATES ON THINGS LIKE INFRASTRUCTURE, HEALTH CARE, BECAUSE THE NEED WAS GREATER AND THE IDEA THAT WHAT WILL HAPPEN IN A TRUMP ADMINISTRATION IS JUST STRIKE BACK SIMPLY BECAUSE WE ARE A BLUE STATE. I THINK I THINK IT REALLY TELLS US ABOUT A, A LEVEL OF OF CORRUPTION. ITS ANOTHER FORM OF CORRUPTION. ITS ABOUT A POLITICAL CORRUPTION T
ALBUQUERQUES ANNUAL HOLIDAY STROLL AND CHRISTMAS TREE LIGHTING HELD TONIGHT. ALYSSA MUNOZ HAS THE HIGHLIGHTS FROM OLD TOWN. BIG SMILES AND BIG CROWDS AT THIS YEARS HOLIDAY STROLL. A SISTER AND HER FAMILY FROM TIJERAS CAME OUT TO WATCH HER BROTHER SING. HE USED TO REALLY LIKE BEING IN FRONT OF PEOPLE, SO IM EXCITED TO SEE HIM. IM EXCITED TO SEE HIS SCHOOL. ITS ALWAYS FUN. I USED TO DO THIS WHEN I WAS A KID TOO, SO ITS ALWAYS FUN. ITS ALWAYS A GOOD TIME. ONE. THE FAMILY ALSO BRINGING ALONG A FRIEND TO SEE IT FOR THE FIRST TIME. ORIGINALLY FROM SANTA FE. SO I GET TO I GET TO FINALLY GET TO EXPERIENCE. I ALWAYS HEAR THE HYPE FOR THE OLD TOWN TREE LIGHTING, SO NOW IM REALLY EXCITED TO GO SEE IT. RACHEL LANGER AND HER FAMILY ARE VISITING FROM CALIFORNIA AND FOUND OUT ABOUT THE EVENT. ITS EXACTLY WHY WE CAME TO OLD TOWN TODAY TO ENJOY THE SHOPS AND THE FOOD AND TO SEE THE LIGHT CEREMONY, SO WERE EXCITED FOR IT AND FOR THOSE WHO STILL NEED TO DO HOLIDAY SHOPPING, YOU HAVE A LOT OF OPTIONS HERE IN OLD TOWN. STARTING OFF WITH SOME MUGS YOU GET RIGHT HERE, BUT ALSO SPICES. NOW WERE KNOWN FOR RED AND GREEN CHILI AND YOU HAVE THOSE OPTIONS RIGHT HERE. AND YOU CAN ALSO EVEN GET SOME STOCKING STUFFERS. THE WHOLE AREA IS EXCITED, AND WERE EXCITED BECAUSE IT REALLY REMINDS PEOPLE TO COME INTO THESE LOCAL SHOPS AND SPEND THEIR DOLLARS LOCALLY BECAUSE IT KEEPS THE DOLLARS IN YOUR LOCAL COMMUNITIES. WHEN YOU SHOP LOCAL AND SMALL BUSINESSES AND YOU FEEL THE IMPACT. JASPER RIDDLE IS THE OWNER OF NOISY WATER WINERY. HE HOPES THIS EVENT WILL HELP BUSINESSES. ITS BEEN A WEIRD YEAR FOR A LOT OF PEOPLE AND SO I KNOW A LOT OF BUSINESSES. I THINK ARE DOWN A LITTLE BIT SO FAR IN THE YEAR, BUT ITS BEEN A SLOW START T
They say its nearly impossible to sign up for and something needs to change.
Americas job market rebounded in November, adding 227,000 workers in a solid recovery from the previous month.