Connect with us

Business

AP Top Business News at 11:41 p.m. EDT

Yellen: Biden’s phased-in spending plan won’t fuel inflation

Published

on

National Review

GOP Rep. Claims Trump Wing Is Pushing to Oust Cheney Because She Won’t ‘Lie’

House Republicans are increasingly frustrated with Representative Liz Cheney (R., Wyo.) amid an ongoing spat over her views on former President Trump, The Hill reported on Saturday. GOP lawmakers have warned that Cheney could lose her position as chairwoman of the House Republican Conference. “If a prerequisite for leading our conference is continuing to lie to our voters, then Liz is not the best fit,” Representative Anthony Gonzalez (R., Ohio) told The Hill. Gonzalez was one of ten GOP representatives, including Cheney, who voted to impeach Trump following the Capitol riot on January 6. “Liz isn’t going to lie to people. Liz is going to say what she believes,” Gonzalez added. “She’s going to stand on principle. And if that’s going to be distracting for folks, she’s not the best fit. I wish that weren’t the case.” Cheney has continued to criticize Trump since the Capitol riot. While House Majority Leader Kevin McCarthy (R., Calif.) has labeled Trump the head of the Republican Party, Cheney told reporters last week that McCarthy and Senate Minority Leader Mitch McConnell (R., Ky.) were the leaders of the party. Representative Jim Banks (R., Ind.), head of the Republican Study Committee, said Cheney’s comments were “sideline distractions” that could threaten GOP unity. “I think a lot of us would like to see her join the team, be on the same team, same mission, the same focus. And at this point, that’s what many of us are questioning,” Banks told Axios last week. “As we’re focused on unifying the Republican conference and our mission to win back the majority, she is focused on the past and proving a point,” one lawmaker told The Hill on condition of anonymity. “She is alienating herself from the conference, and I have to imagine if she doesn’t resign there will be a new vote in the near future and the result will be lopsided in the opposite direction of what it was before.”

Associated Press

Nurses, doctor help ‘lucky’ mom who gave birth on flight

A doctor and a team of neonatal medical professionals were in the right place at the right time — helping a Utah woman deliver her baby onboard an hourslong flight to Hawaii. Lavinia “Lavi” Mounga was traveling from Salt Lake City to Hawaii on April 28 for a family vacation when she gave birth to her son, Raymond, at just 29 weeks gestation. Dr. Dale Glenn, a Hawaii Pacific Health family medicine physician, along with Lani Bamfield, Amanda Beeding and Mimi Ho — neonatal intensive care unit nurses from North Kansas City Hospital — were also on board.

Associated Press Videos

Wisconsin police fatally shoot gunman who killed 2

Authorities in Wisconsin say a gunman killed two people at a Green Bay casino restaurant and seriously wounded a third before he was shot and killed by police. Investigators believe the gunman was targeting a specific person in the attack. (May 2)

The Week

Liz Cheney fires back at Trump after he calls Biden’s victory ‘the Big Lie’

House GOP leadership reportedly isn’t pleased with Rep. Liz Cheney (R-Wyo.) these days and her job as GOP conference chair may be on the line, but the congresswoman remains undeterred in her efforts to combat former President Donald Trump’s false claims about the 2020 election. The Twitter-less Trump released one of his rare statements on Monday morning, a one-liner that reads: “The Fraudulent Presidential Election of 2020 will be, from this day forth, known as THE BIG LIE!” The statement appears to be an attempt to co-opt the term used by many Trump opponents to describe his claims that he really won the election, and Cheney seemingly wants to ensure that doesn’t happen. Not long after Trump’s words were made public, Cheney fired back, tweeting that, on the contrary, “anyone who claims” the election was fraudulent “is spreading THE BIG LIE.” The 2020 presidential election was not stolen. Anyone who claims it was is spreading THE BIG LIE, turning their back on the rule of law, and poisoning our democratic system. — Liz Cheney (@Liz_Cheney) May 3, 2021 As Politico notes, House Leader Kevin McCarthy (R-Calif.) has suggested he wants Cheney to move on from the issue and focus on policy, so it’s unclear how he’ll take the latest development. More stories from theweek.com5 brutally funny cartoons about Giuliani’s legal woesWhat the Elon Musk backlash is really aboutFlorida Republicans reportedly fear they miscalculated on new voting restrictions

Reuters

Philippines foreign minister issues expletive-laced tweet over China sea dispute

The comments by Teodoro Locsin, known for making blunt remarks at times, follow Manila’s protests for what it calls the “illegal” presence of hundreds of Chinese boats inside the Philippines 200-mile Exclusive Economic Zone (EEZ). China’s embassy in Manila did not immediately respond to a request for comment. China claims almost the entire South China Sea, through which about $3 trillion of ship-borne trade passes each year.

Source: https://news.yahoo.com/ap-top-business-news-2-040000037.html

Business

Business owner needs help after homeless is flooded out of hotel homes after weekend’s storms

The floods are forcing many people to rebuild. Rodeway Inn is asking for help. The owner partner with the city and The Salvation Army for Metro’s Rapid Rehousing Initiative. This ensures the homeless have a stable place to stay. Now with the flood damage, residents are left wondering what’s next.

Published

on

NASHVILLE, Tenn (WTVF) — Last weekend’s floods are forcing many people to rebuild and the owner of Rodeway Inn is asking for help.

The hotel is home to 100 people in Metro Nashville who were at one point experiencing homelessness.

The Shabana Ali partner with the city and The Salvation Army for Metro’s Rapid Rehousing Initiative — made possible by CARES Act Funding.

The initiative ensures people like Cynthia Pritchard have a stable place to stay. Now with the flood damage, residents are left wondering what’s next.

“Gotta move again,” said Pritchard. She with her dog Sassy has find themselves oftentimes sleeping in tents. She says it was a few months ago when she got a free place at the Rodeway Inn.

Now Pritchard says she doesn’t know what’s next.

“Just a few minutes ago got told pack up your stuff so we don’t know where we’re going but we’re going.”

The floods left many homes, businesses and lives torn to pieces. Ali says her business was spared in the 2010 flood.

But this year, she wasn’t as lucky.

“We tried to save as much as we can, try to clean up the water so it does not go into the room, but we could not so all of my bottom floors about 50 rooms got damaged,” said Ali.

Ali doesn’t have flood insurance so she’s hoping a GoFundMe account will help cover the cost.

“That was my first step today, but it’s still not enough we’re talking about hundreds and thousands of dollars; just a parking lot in rooms itself at least a half $1 million more plus,” she said.

FEMA says just 1.14 %of Tennessee residents have an active flood insurance policy. And most home or property insurance plans won’t cover flood damage.

Ali says she will be signing up for a plan to cover her business for the future

“Definitely, even if the city says this is not a non-flood zone I’m still gonna buy flood insurance with my property insurance,” Ali said.

Like most, she may have to rely on federal help. The Tennessee Department of Commerce and Insurance says even if a federal Disaster Declaration is made, post-disaster FEMA grants average less than $8,000.

She just wants things fixed so she can continue to offer the less fortunate a place of their own.

The residents who were staying at the Rodeway Inn as part of Metro’s Rapid Rehousing Program have been moved into temporary housing with help from The Salvation Army and the American Red Cross. The city through the Metro Homeless Impact Division is helping coordinate efforts to ensure those affected by the flood will not lose stable housing.

Before deciding on what type of Flood coverage to buy, it’s important to know your risk. The FEMA flood map service allows consumers to determine their home’s flood risk. Risk levels are divided into three categories:

KNOW THE FACTS from the Tennessee Department of Commerce and Insurance

MYTH: “Homeowners or renters insurance will cover my home and belongings if they are damaged by floodwaters.”

FACT: Most homeowner’s and renter’s insurance policies do not cover damages to a structure or contents in the event of a flood. Only a flood insurance policy will cover flood damage.

MYTH: “I don’t need flood insurance because FEMA assistance will cover my damages.”

FACT: Not everyone will qualify for FEMA assistance after a disaster. Even if a federal Disaster Declaration is made, post-disaster FEMA grants average less than $8,000. Remember: Just 1 inch of water in a home can cause $25,000 of damage.

MYTH: “I can’t buy flood insurance because my property flooded before.”

FACT: If your community participates in the National Flood Insurance Program (NFIP), you are eligible to buy flood insurance, regardless of flood history. There are a few areas in Tennessee that do not participate in the NFIP. If your community does not participate, FEMA assistance is not available. If flood insurance through the NFIP is not available in your area, contact your licensed insurance agent to ask about private flood insurance. If you choose a private flood insurance policy, be sure to shop around to compare premiums and coverage.

Copyright 2021 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source: https://www.newschannel5.com/news/local-news/business-owner-needs-help-after-homeless-is-flooded-out-of-hotel-homes-after-weekends-storms

Continue Reading

Business

AP Source: VW Plans Brand-Name Change to ‘Voltswagen’ in US

DETROIT (AP) — Volkswagen plans to change its brand name in the United States to “Voltswagen” as its shifts its production increasingly toward electric vehicles and tries to distance itself from an emissions cheating scandal.

Published

on

By TOM KRISHER, AP Auto Writer

DETROIT (AP) — Volkswagen plans to change its brand name in the United States to “Voltswagen” as its shifts its production increasingly toward electric vehicles and tries to distance itself from an emissions cheating scandal.

A person briefed on the plan said a formal announcement is planned for Tuesday. The person didn’t want to be identified because the plans had not been made public.

The company had briefly posted a press release on its website early Monday announcing the brand name change. The press release was noticed by a reporter from USA Today before it was removed. The release was dated April 29.

The premature release comes as VW is taking reservations for the new ID.4 small electric SUV in the U.S. It’s the company’s only new electric model sold in the United States, though there are plans for more, including a nostalgic reprise of the company’s Microbus.

Even with the ID.4 fully on sale, only a small fraction of VWs on U.S. roads will bear the “Voltswagen” name. The vast majority of VW’s vehicle sales in the U.S. will still be powered by gasoline for the foreseeable future and will continue to be labeled simply as “VW.” The German automaker sold just under 326,000 VW-branded vehicles in the U.S. last year.

The person who was briefed on the plan said the name Volkswagen Group of America, which also includes the Audi, Bentley, Bugatti and Lamborghini brands, won’t change. Rather, only the ‘k’ in the Volkswagen brand itself will be changed to a ‘t.’

An exterior badge with the name “Voltswagen” will be affixed to the company’s electric vehicles, while gas-powered vehicles will still have the normal “VW,” but no brand name on them, the person said.

The premature news release said the move amounted to a public declaration of the company’s future investment in electric mobility.

“We might be changing out our K for a T, but what we aren’t changing is this brand’s commitment to making best-in-class vehicles for drivers and people everywhere,” VW of America CEO Scott Keogh said in the errant release.

Outside the United States, Volkswagen, like some other automakers, has sharply expanded its EV footprint. In Europe, the company tripled its battery-powered vehicle sales from 45,000 in 2019 to 134,000 in 2020. VW began selling its new electric compact ID.3 ahead of strict new European Union limits on auto emissions.

In the U.S., fully electric vehicles last year accounted for less than 2% of new vehicle sales. Tesla led the way, with an estimated 205,600 in U.S. sales, according to Autodata Corp. General Motors sold just under 21,000 Chevrolet Bolts, while Nissan sold a little more than 9,500 Leaf electric cars.

VW has been trying to repair its image after U.S. authorities in 2015 discovered that its so-called “clean diesel” vehicles cheated on emissions tests. The diesels switched pollution controls on during Environmental Protection Agency treadmill tests, then turned them off while on real roads.

Volkswagen in 2017 pleaded guilty and agreed to pay $4.3 billion in U.S. civil and criminal penalties on top of billions more to buy back cars. Two people were sent to prison.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The premature release comes as VW is taking reservations for the new ID.4 small electric SUV in the U.S. It’s the company’s only new electric model sold in the United States, though there are plans for more, including a nostalgic reprise of the company’s Microbus.

Source: https://www.usnews.com/news/business/articles/2021-03-29/ap-source-vw-plans-brand-name-change-to-voltswagen-in-us

Continue Reading

Business

Why Business News Is Important For Your Business? – business-99.com

Published

on

Business news is a term referring to reports released by the business or government sectors. This kind of news is released to either be given away free or to be sold. It can be critical in nature while representing the business community or it can also be subjective in nature. Whatever is the case, this form of news has emerged as one of the major informational sources for people to make their day-to-day decisions in regards to business or financial matters.

business news|business news

Business news is a term referring to reports released by the business or government sectors. This kind of news is released to either be given away free or to be sold. It can be critical in nature while representing the business community or it can also be subjective in nature. Whatever is the case, this form of news has emerged as one of the major informational sources for people to make their day-to-day decisions in regards to business or financial matters.

}

Business journalism is basically the segment of journalism which covers, reports, analyzes and interpreting the business, financial and economic activities and shifts that take place in various societies. Such topics covered include manufacturing, trading, economics, business law, economics, information technology, banking etc. There are various business news publications that can be broadly classified into two segments. They can be either public reporting or business media. Public reporting includes news agencies like the Financial Times, The Wall Street Journal and others, which are primarily meant for the readers who are not actively engaged in business activities.

On the other hand, business media includes publications from major business magazines like Time Magazine, Fortune and others. Such publications often include business news blurbs from experts in the business world with an overall perspective of the trends affecting the business sector. The advantage of business news in online business journalism is that online business journalism allows for in-depth reporting on specific industries or business sectors.

There are many advantages in making business news a part of your daily reading routine. The first advantage is that business news is almost always a bit more in-depth than any business magazine. This means that the pieces published by business news papers give an almost daily or weekly overview of developments in the business world, bringing in expert insights from well-known business leaders to help the reader make informed decisions.

Another important advantage of business news is that it gives a more personal touch to business journalism. Most business magazines are more generalized in their reporting. In many cases, they have interviews with well-known business people. But, in business news, the author usually writes about his or her own experiences rather than just interviewing someone else for a profile article.

One more advantage in making business news a part of your reading routine is that it helps you keep track of current events. For instance, many business news publications have live coverage of major events like politics, international news and business news. So, as you are reading a piece about a recent development in the Middle East, you can see where the conflict is happening and how it may affect your company. This is particularly useful for anyone who wants to stay up to date on the latest developments in the business world. Whether you want to read about new products being released or you want to follow the developments on the social media sites like Facebook, Google+ and Twitter, you can keep track of the latest posts by reading business news.

As far as keeping up to date with business news is concerned, it doesn’t really matter whether you subscribe to business magazines or newspapers. All you need is your laptop, internet connection and an e-reader. You can view the latest posts on your smartphone while you are sitting in your office chair and you can do this from any location at all. The convenience brought about by online business news has made it the most preferred means of getting the news. In addition, it has also made it easier for anyone to send out personalized messages to their Facebook fans, tweet business related tweets, update their Facebook status and update their Google+ status on a daily basis.

The latest development is that many entrepreneurs have started using Facebook and Twitter to keep up with business news. These are two of the most popular social media platforms that most marketers and business owners have installed in their websites. The reason behind such popularity is their ability to make money faster without the help of professional business experts. Businesses don’t need to hire people who specialise in social engagement because they can get things done on their own. Therefore, if you are not in the position to add social engagement to your business website, you can definitely ensure that your website will become a lucrative place to market your products and services.

On the other hand, business media includes publications from major business magazines like Time Magazine, Fortune and others. Such publications often include business news blurbs from experts in the business world with an overall perspective of the trends affecting the business sector. The advantage of business news in online business journalism is that online business journalism allows for in-depth reporting on specific industries or business sectors.

Source: https://www.business-99.com/2021/03/28/why-business-news-is-important-for-your-business/

Continue Reading

Trending