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    PORNHUB could face a cash crisis after Visa announced it will no longer handle the website's ad payments.  Visa is currently facing a court case over claims it enabled Pornhub to profit from child porn and non-consensual images.  1Visa announced it will no longer handle Pornhub's ad payments following a lawsuitCredit: Getty The card company is now refusing to accept payments for the adult website’s ad wing TrafficJunky.  This follows an earlier suspension on card payments to Pornhub after it was found that illegal videos were being circulated on the website.  Pornhub’s parent company MindGeek is being sued along with Visa by a woman who claims in 2014, when she was 13, a former boyfriend shared an explicit video of her to Pornhub where it gained 400,000 views.  The video was removed by informing MindGeek that “the video qualified as child pornography,” however, it was re-uploaded “several times” with one upload having over 2million views.  Most read in The US SunKIM-TENSE Kim flaunts TINY thighs in gym at $60M mansion as fans say she's 'too skinny'CODE RED China 'convinced it...
    CHELSEA will be hoping Real Madrid can topple Liverpool in the Champions League final and net themselves a tidy windfall. The Spanish giants produced a stunning late rally with two goals in additional time against Manchester City to send last night’s semi-final to extra-time. 1Chelsea will land a bonus if Eden Hazard's Real Madrid win the Champions LeagueCredit: Rex And with Pep Guardiola’s men on the ropes, Karim Benzema’s penalty sealed a 6-5 aggregate win in extra-time to leave City heartbroken. Now Madrid have another date with destiny as they chase a 14th Champions League crown when they face Liverpool in Paris on May 28. However, they won’t be the only ones celebrating if they overcome Jurgen Klopp’s Reds. Chelsea will be laughing too thanks to a clause in Eden Hazard’s transfer deal from back in 2019. READ MORE FOOTBALLMAD FOR IT Inside Real Madrid's dressing room celebrations after epic win over Man City The Blues accepted an £88.5million offer from Los Blancos for the winger - with the deal having significant extra payments that could take the full price...
    VIDEO3:5103:51Two ways Sri Lanka can get financing to get through next few months: ProfessorSquawk Box Asia Sri Lanka faces a "dangerous situation" with continuing social unrest and must avoid a "disorderly default," the former chief economist of the South Asia regions at the World Bank, Shanta Devarajan told CNBC Friday. Shortages of food and fuel, along with record inflation and regular blackouts, have brought thousands of Sri Lankans to the streets as the country faces its most painful downturn since independence from Britain in 1948. "Social turmoil is the biggest risk. That's why I keep emphasizing the point about cash transfers. As you can see on the streets — the people are angry," said Devarajan, who is now part of a new government advisory panel formed to tackle the country's debt crisis. Devarajan said a cash transfer program aimed at helping the poor, coupled with a reduction of subsidies on food and fuel, will be critical to averting a collapse of Sri Lanka's debt-ridden economy. In the past week, protesters and opposition parties alike have called for the resignation of Prime...
    PROPERTY tycoon Nick Candy has pledged to give Chelsea supporters a seat on the board should he be successful in buying the club. The lifelong Blues fan, 49, is set to test Roman Abramovich's resolve of the West London outfit in a potential £2.5billion deal. 1Chelsea fan Nick Candy remains keen to buy the club off Russian owner Roman AbramovichCredit: Getty His proposal is said to include a £1.5bn plan for a rebuild of Stamford Bridge. The Champions League holders are in a crisis with Abramovich being banned as a director by the Premier League. And as a result of ties with Vladimir Putin in the wake of Russia's invasion of Ukraine, the 55-year-old oligarch been sanctioned by the UK government. Abramovich, who bought the club in 2003, must now sell his beloved side immediately. Read more Chelsea storiesBLUES NEWS Abramovich BANNED as director, Lukaku 'to take PAY CUT for Inter transfer' And despite the crippling sanctions imposed on Chelsea by the government, Candy revealed earlier in the week how he remains committed to buying them. His spokesperson has now outlined the plans Candy...
    COLOMBO, Sri Lanka (AP) — Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s Public Utilities Commission said it will shut off the country’s grid for four and a half hours on Wednesday after two hours of power cut on Tuesday and Monday. Electricity will be switched off on a rotating basis between regions between 8:30 a.m. and 10:30 p.m., according to officials. The regulatory body said the state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of about 700 MW to the national grid. Over the last few weeks, Sri Lankans had experienced several sporadic power failures. Commission’s chairman Janaka Ratnayake said the “shortage of fuel is causing this issue” while adding that “we are having a fuel crisis not an electricity crisis.” Depleted foreign reserves are driving Sri Lanka’s worst economic crisis in decades. A currency crunch has hindered imports of fuel and other essentials from overseas, including milk...
    Half of Afghanistan's population is facing severe food shortages this winter, the UN has warned, as it calls for millions of dollars in funding to head off the crisis. Some 23million Afghans are at risk of malnutrition between November and March next year as food supplies in the aid-dependent nation run out, the UN's World Food Programme has warned today. It says $220million-per-month 'may' be needed to keep the country fed, after the collapse of the government and Taliban take-over combined with drought and the Covid pandemic to devastate supplies. But world leaders are hesitant to hand over cash amid warnings it will be pilfered by the new Islamist regime and fears it will legitimise a government that includes wanted terrorists. 23 million people in Afghanistan are facing malnutrition and possible starvation this winter as food supplies run desperately low, the UN has warned (file image) David Beasley, executive director of the World Food Programme, said the future facing Afghanistan 'is now among the world’s worst humanitarian crises - if not the worst' as he sounded the alarm on Monday....
    BRITAIN will shell out millions of pounds of taxpayers' cash to a US company to restart carbon dioxide production to prevent devastating beer and meat shortages. Ministers last night sealed a deal with CF Industries as they scrambled to stop supermarket shelves going empty as energy prices rocket to all-time highs. 3Britain will pay millions of taxpayers’ cash to a US firm to restart carbon dioxide production 3Ministers last night signed a deal with CF Industries, run by US tycoon W Anthony Will, to halt beer and meet shortages CF Industries - run by mega-rich American tycoon Tony Will - shut its two fertiliser plants in Teesside and Cheshire because soaring gas costs made them unprofitable. But this saw the UK’s CO2 production plummet by a staggering 45 per cent - sparking panicked warnings Britain would run out of beer and fizzy drinks. While the poultry industry warned the country could run out of chicken and pork in just “ten days”. After days of frantic talks with the American firm, last night Business Secretary Kwasi Kwarteng agreed to a rescue...
    BEIRUT (AP) — Lebanon’s government said Tuesday it will start paying cash assistance next month to hundreds of thousands of poor families – in U.S. dollars – as the small nation sinks deeper into its economic crisis. Some 500,000 families will start receiving $20 a month for every family member up to a maximum of six persons, Minister of Tourism and Social Affairs Ramzi Moucharafieh said during a news conference in Beirut. Moucharafieh said the payment will be made in U.S. dollars or the equivalent in Lebanese pounds at the black market rate. Economy and Trade Minister Raoul Nehme said the average payment for every family is expected to be about $93. The move comes at a time when the government is planning to end subsidies on vital products such as fuel and some medicines that is widely expected to increase prices of most products. The plan for payments comes as the Lebanese currency has been on a free fall since the economic meltdown began in October 2019. The payment in U.S. dollars would guarantee that the poor families...
    BARCELONA have FINALLY registered new signings Memphis Depay and Eric Garcia after Gerard Pique agreed to a 'significant' pay cut. The pair arrived on free transfers from Lyon and Manchester City respectively this summer. 4Gerard Pique has agreed to a huge pay cut to help Barcelona register new signingsCredit: Getty DREAM TEAM 2021/22 - IT'S NOT TOO LATE!PLAY DREAM TEAM FOR THE 2021/22 SEASON £100,000 prize pot up for grabs £50million budget to build your best XI Play in Mini Leagues against your mates, colleagues, etc Click here to play for FREE Dream Team app available through Apple Store and Google Play Store But in order to be eligible to play, they needed to make huge further reductions to the wage bill to operate within LaLiga regulations. It was those rules - along with Spanish employment laws - that saw Lionel Messi forced out of the club. But Pique, a product of the famous La Masia academy, has repaid his club with a selfless gesture to help Barca. Boss Ronald Koeman paid tribute to the defender...
    More On: gimme shelter Kevin Sorbo’s $5M Hamptons digs transformed into art house this summer Wacky Police Building penthouse sells for $30M less than asking price Midtown Tennis Club to make way for new construction Post-pandemic, New Yorkers are paying a pretty penny for parking Crisis publicist/reputation management pro Josh Nass paid $1.8 million for a Trump Tower pad in all cash deal — far less than the $2.3 million that the seller, Dalimar Assets Inc., paid for it in 2006. The sale was first reported by OK Magazine and Nass did not use a broker.  Nass’s new unit at 721 Fifth Ave. was once on the market for $4.3 million back in 2014. Its last asking price had been brutally slashed to $2 million. The two-bedroom, 2½-bath unit is 1,477 square feet and it is directly below a unit that Melania Trump bought from the Trump Organization. Nass already had ties to the building before he bought in it, as he once arranged a meeting for Russia’s chief rabbi, Berel Lazar, and Jason Greenblatt, who became...
    More On: racism Parents revolt at posh Spence School amid race-video scandal Google searches for new measure of skin tones to curb bias in products ‘Critical space theory’: NASA’s Mission Equity ripped online ‘Woke’ NYC school sorry for video that mom said ‘tarred and feathered’ white women Chicago Mayor Lori Lightfoot, who recently refused to be interviewed by white journalists, has declared racism a public health crisis — using nearly $10 million in federal COVID-19 relief cash to fight it. “At almost every point in our city’s history, sadly, racism has taken a devastating toll on the health and well-being of our residents of color, and particularly those who are Black,” Lightfoot said Thursday. “And ladies and gentlemen, it is literally killing us,” she said, standing in front of an exhibit honoring Martin Luther King Jr. “That’s why I am declaring racism as a public health crisis,” she said. She highlighted recent data that black Chicagoans live an average of 9.2 years less than others. The “racial life expectancy gap” was due to chronic diseases, homicide and opioid overdoses,...
    Vince Coglianese and Jason Nichols debate the broken immigration system amid Vice President Kamala Harris’ visit to Central America during a new episode of Vince and Jason Save The Nation. Nichols argues while Republicans try to curb illegal immigration, there are negative consequences, such as farmers in rural red states losing their labor supply. But Coglianese argues the current immigration system allows illegal workers to be “exploited” in the name of humanitarianism. “We’ve created this underclass in the United States and then we’re told that’s the humanitarian approach. It’s not, these people are being exploited for their labor and then American citizens are left out.” WATCH: The Biden administration recently announced plans to send $861 million to Central American countries in order to address the root causes of migration. Among the countries slated to receive aid are El Salvador, Guatemala, Honduras and Mexico, according to the proposed 2022 budget. “Our comprehensive strategy to address the root causes of migration will involve significant commitments of U.S. government resources to support the long-term development of the region – including efforts to...
    A South Texas Democrat expressed frustration Wednesday, claiming not all Biden administration allocations to communities along the U.S.-Mexico border get to where the cash is intended to go. "Unfortunately, I don’t think they’ve had the results that were expected," U.S. Rep. Vicente Gonzalez, who represents the 15th Congressional District in Texas, said during an online news briefing, according to Border Report. "We need to assure that when we make these investments that they’re monitored to assure that they have the results – and we don’t just throw money out there and hope it resolves itself," the Corpus Christi-area lawmaker added. "Hundreds of millions of dollars have been given to the NGOs (non-governmental organizations). I think we should have a closer monitor of these resources and ensure they get to the places that they need to." BIGGS ACCUSES DHS OF ‘CLEAR VIOLATION’ OF LAW BY RELEASING MIGRANTS INTO US WITHOUT COURT DATES Gonzalez was issuing a follow-up report after meeting online Monday with Vice President Kamala Harris – the Biden administration’s manager of the border crisis – as well as members...
    JOE Biden is under fire for his $4billion plan to bail out "corrupt countries" to stop the US-Mexico border crisis. The president is reportedly considering giving Central American countries a conditional cash transfer and vaccines, according to White House officials - but House Republicans do not support the measure. 7Joe Biden is under fire for trying to send cash assistance to 'corrupt' countriesCredit: Reuters 7The transfer would address the issues spurring on the crisisCredit: SWNS 7Thousands of migrants were picked up at the border by patrol agentsCredit: EPA The program would be aimed at Guatemala, Honduras and El Salvador, Biden's southern border coordinator Roberta Jacobson told Reuters as Reps. James Comer and Jason Smith expressed concern about the plan. They told Acting Office of Management and Budget Director Shalanda Young that it "is worrisome that the administration’s solution isn’t to reinstate those policies or replace them with workable solutions," however. "But instead to funnel more money to pay countries to dissuade their citizens to break US laws, particularly countries with corruption concerns," read their letter obtained by Fox News....
    More On: immigration Texas gov slams Biden for abandoning ‘rule of law’ amid border crisis Joe Biden needs to stop lying about the cause of the border crisis and start fixing it MS-13 gang members using Biden border crisis to slide into US Biden Pentagon cancels construction of border wall using military funds ​House Republicans are slamming the Biden administration’s proposal to send cash to Central American countries to help solve the “root causes” of the immigration crisis — calling the initiative to send millions of dollars to notoriously corrupt governments “naive and misguided.” “The strategy of sending cash payments to foreign countries to stem the tide of illegal immigration caused by Biden administration policies is naive and misguided,” lawmakers on the House Oversight and Budget committees wrote in a letter to Acting Office of Management and Budget Director Shalanda Young. “Moreover, the countries identified as potential recipients include some of the most corrupt countries in the world, with El Salvador and Guatemala ranking in the top ten,” the Republicans wrote​ in the letter obtained by Fox News. ​Reps....
    EXCLUSIVE: Republicans on the House Oversight and Budget committees are questioning a reported plan by the Biden administration to send cash payments to Central America as part of a strategy to combat the root causes of the migrant crisis -- accusing the Biden administration of trying to buy its way out of a crisis.Reps. James Comer and Jason Smith, the ranking members on the House Oversight and Budget committees, wrote to Acting Office of Management and Budget Director Shalanda Young expressing concern about a plan for a "conditional cash transfer program" to address the "root causes" in Central America leading to the border crisis. BORDER PATROL NABS GANG MEMBERS, INCLUDING MS-13, ATTEMPTING TO ENTER US AS PART OF MIGRANT WAVE  Letter to OMB Re Northern Triangle Cash Payments by Fox News on Scribd "In the midst of a border crisis propelled by the Biden administration reversing successful deterrent policies, it is worrisome that the administration’s solution isn’t to reinstate those policies or replace them with workable solutions, but instead to funnel more money to pay countries to dissuade their citizens...
    EXCLUSIVE: Cartels at the southern border are targeting American teenagers on social media to get them to do their dirty work of smuggling illegal immigrants into the U.S. — the latest sign of the escalating chaos at the border.Images obtained by Fox News shows the ads cartels are using on social media apps like TikTok, where they offer more than $3,000 a ride for teens and young adults to come drive smuggled migrants into the U.S. when they reach the border. ARIZONA GOV. DUCEY DEPLOYS NATIONAL GUARD TO SOUTHERN BORDER AMID MIGRANT CRISIS "Need 2 or 3 drivers to go through a checkpoint," one says. Images showing the ads targeting American teenagers. (Fox News) "Got another 6 left, already crossed. Lemme know ASAP for that easy cash," another says. If they take it, their job is to get migrants through checkpoints and then to a drop-off location like a store parking lot, where the migrants are then picked up by someone trusted by the cartel and transferred to stash houses scattered along the border. There were 172,000 migrant encounters...
    Republicans are reacting with anger and disbelief to a proposal by the Biden administration to send cash payments to Central America as a way to combat the migrant crisis -- describing the plan as "madness." Reuters reported Friday that the U.S. is considering a "conditional cash transfer program" to address what the White House believes are the economic woes that lead migrants to make the journey to the U.S. southern border. The plan also involves sending COVID-19 vaccines to the countries in Central  America.  BIDEN ADMINISTRATION ANNOUNCES SKY-HIGH BORDER NUMBERS, LOOKS TO BLAME TRUMP Roberta Jacobson, the White House’s outgoing southern border coordinator, told Reuters about the proposal and said it would be targeted at Guatemala, Honduras and El Salvador -- three Northern Triangle countries that are the source of much of the migration wave currently crashing against the U.S. border. "We’re looking at all of the productive options to address both the economic reasons people may be migrating, as well as the protection and security reasons," Jacobson said. But Jacobson did not say who would receive the cash or how it...
    Jack Cowhick, The Western Journal April 10, 2021 0 Comments Ignoring the border crisis was a better strategy than this. Rather than funding and reinforcing border security, or working with foreign nations toward a coalition against the ongoing illegal immigration crisis, President Joe Biden is now considering an all-new and all-crazy plan — giving Central American countries federal money in order to stem the tide. White House southern border coordinator Roberta Jacobson told Reuters Friday that Biden’s program, if enacted, would mainly target the Northern Triangle countries of El Salvador, Guatemala and Honduras. Central Americans have been of recent interest regarding illegal immigration in recent years. During the 2018 fiscal year, according to the Migration Policy Institute, 49 percent of family units and 58 percent of unaccompanied minors coming from Northern Triangle countries were from Guatemala alone. Three-fourths of the way through the 2019 fiscal year, Customs and Border Protection reportedly apprehended over 363,000 migrants from the Northern Triangle countries. “We’re looking at all of the productive options to address both the economic reasons people may be migrating, as...
    ARSENAL and Chelsea are competing to sign Achraf Hakimi from crisis-club Inter Milan, reports say. Inter's owners, Suning Holdings Group, have recently announced they will be shutting down their Chinese Super League team, Jiangsu FC. 1Arsenal and Chelsea are competing to sign Achraf Hakimi from Inter Milan, reports sayCredit: Getty Images - Getty It has led to speculation that they could also be forced to step away from the San Siro but chairman Steven Zhang has repeatedly dismissed rumours of a sale or takeover. The club may still need to raise significant funds causing Antonio Conte to look at clearing his squad. And according to The Telegraph, right-back Hakimi, 22, is a potential casualty, with London rivals Arsenal and Chelsea interested. The Gunners have been in the market for a potential replacement for Hector Bellerin, linked with a move to PSG and Juventus. It is understood Arsenal were alerted to Hakimi's potential availability. But Chelsea are also said to be interested in the defender, who joined Inter from Real Madrid for £34million last summer. That...
    Charlotte Bennett says she thought Gov. Cuomo was trying to sleep with her Australia’s AstraZeneca Vaccines Blocked by Italy Under New Rule © AP Photo/Andrew Harnik MARKET EXTRA Load Error It was a big deal in September 2019 when overnight-lending “repo” rates suddenly spiked as high as 9%, raising concerns on Wall Street and at the Federal Reserve to step in to avoid a potential crisis in a key financing cog of global finance. Now, some 17 months later, pretty much the exact opposite thing has happened. Rates charged to borrowers who want short-term funding, by pledging U.S. Treasurys and similar safe-haven assets as collateral for cash, dipped into negative territory heading into Thursday. Overnight repo rates for U.S. Treasurys were last spotted at 0.05% Thursday, versus negative-0.05% overnight Wednesday, according to one rates trader. A more typical range in February had been between 0.08% to 0.10%, according to DTCC’s GCF Repo Index, which tracks the average daily interest rate paid for the most-traded GCF Repo contracts for U.S. Treasurys. Repo-market tumult prior to the pandemic prompted...
    Lack of health services and transportation impede access to vaccine in communities of color Primary Care Doctors Feel Left Out of Vaccine Rollout Stimulus checks are so 19th Century: Give Americans automatic, electronic cash © Getty Images OUTSIDE THE BOX Load Error Early in the COVID-19 pandemic last year, just one month after dropping out of the U.S. presidential race, Sen. Bernie Sanders (I-VT) took a clear and bold stance for families: $2,000 monthly checks until the crisis is over. Sanders’s fight for direct checks is right, as checks are a much needed lifeline for families in the midst of the COVID-induced recession. But there’s more that must be done. So let’s ask the bigger questions here. Why on Earth in the year 2021 are we relying on checks? And why do we have a political bun-fight over this issue every time it happens? First, checks. Really? Practically every American has a smartphone. There are tons of banking apps from Paypal to Zelle to Venmo. The U.S. Treasury has a website called Treasury Direct that allows anyone...
    Dozens of House lawmakers, led by Rep. Ilhan Omar (D-MN), are calling for future coronavirus relief measures to include recurring stimulus payments that extend to those who have Individual Taxpayer Identification Numbers (ITIN), which includes illegal immigrants. In a Thursday letter to President Biden and Vice President Kamala Harris, the lawmakers said they are “appreciative” of the administration’s work to ensure that Americans receive another “survival” check as soon as possible. However, they believe that officials must take “additional unprecedented action” in the form of recurring cash payments in future economic relief plans. Such would “provide a longterm lifeline to struggling Americans for the duration of this deadly pandemic,” they wrote, citing “worsening systemic inequities.” They wrote: Both the CARES Act and the recently enacted relief package included a round of direct cash payments which provided critical relief to those who needed it most. Data show the CARES Act payments were the primary reason that poverty fell by as many as four million people at the start of the recession. These payments boosted the economy by increasing spending at all...
    MORE than eight million Brits have been forced to borrow cash because of the Covid crisis, shock figures reveal. White Van Man and other self-employed workers have been hit hardest by the pandemic, the Office for National Statistics said. ???? Read our coronavirus live blog for the latest news & updates 4The number of Brits borrowing money has rocketed during the pandemicCredit: Getty Experts warned of a widening gap between those living life in the red and others who were able to continue to save. ONS figures show the number of people borrowing money has rocketed during the pandemic — and people are asking for larger amounts. At the end of June last year, 5.6million people — 10.8 per cent of adults in the UK — were having to borrow to get by. Six months later, at the end of December, this had soared to 8.4million — or 17.4 per cent of the adult population. The Sun says COVID has made the rich richer and the poor poorer. Rishi Sunak must do nothing to worsen that divide. He...
    Between 4% and 7% of loans guaranteed by the State (PGE) granted to companies risk not being repaid, said Wednesday the director general of the public investment bank Bpifrance Nicolas Dufourcq. Based on a study carried out in November on the one hand by the Banque de France and on the other by Bpifrance, Mr. Dufourcq declared before the finance committee of the National Assembly that “The anticipated loss experience – we are talking about the final loss – would be between 4% and 7%”. Read also: The repayment period of PGEs lengthens with the 2nd confinement A higher default rate among very small businesses The president of the French Banking Federation Philippe Brassac for his part estimated Monday that between 5% and 10% of companies having subscribed to an EMP may not be able to repay it. For his part, the president of the Initiative France business creator support network, Guillaume Pepy, said on Tuesday, citing anonymous sources, especially from the banking world, that 70% of the EMPs granted to very small businesses (VSEs) could make default. More...
    BEIRUT (AP) — The World Bank approved a $246 million loan to Lebanon to provide emergency cash assistance to nearly 800,000 Lebanese reeling under the country’s compounded economic and health crises. The World Bank said in a statement late Tuesday the loan would also support the development of a national social safety net in Lebanon, which was struggling with a financial crisis before the pandemic struck, driving nearly half the population of the small country of 6 million into poverty. Over 1 million refugees from Syria live in Lebanon. The economic crisis has led to a projected 19.2% decline in gross domestic product, triple-digit inflation and is pushing 1.7 million people below the poverty line. Some 22% of the population is expected to fall into extreme poverty. International donors have been dispensing direct humanitarian assistance to Lebanon. But in the absence of major structural reforms, talks with the International Monetary Fund that began last summer have failed to produce a rescue package for the cash-strapped government. The deepening crisis has depleted foreign reserves in the import-dependent country and sent the...
    JERUSALEM (AP) — The U.N. agency for Palestinian refugees said Monday it needs to raise $70 million by the end of the month or it will not be able to pay the full salaries of thousands of employees through the end of the year. The U.N. Relief and Works Agency, known as UNRWA, said it has notified its entire workforce of 28,000 that it will be forced to defer their salaries for the rest of the year. The agency said most of the workers affected are refugees themselves and the cuts will impact employees in countries across the Middle East. “If additional funding is not pledged in the next weeks, UNRWA will be forced to defer partial salaries to all staff,” said the agency’s commissioner-general, Philippe Lazzarini. “I am deeply saddened to know that the earned salaries of our fearless, resilient social, sanitation and health-care workers on the front lines and our teachers working to ensure students’ education continue during this emergency health crisis are at risk.” The agency said in a statement that its funding had run out on...
    By JOSEF FEDERMAN, Associated Press JERUSALEM (AP) — The U.N. agency for Palestinian refugees said Monday it needs to raise $70 million by the end of the month or it will not be able to pay the full salaries of thousands of employees through the end of the year. The U.N. Relief and Works Agency, known as UNRWA, said it has notified its entire workforce of 28,000 that it will be forced to defer their salaries for the rest of the year. The agency said most of the workers affected are refugees themselves and the cuts will impact employees in countries across the Middle East. “If additional funding is not pledged in the next weeks, UNRWA will be forced to defer partial salaries to all staff,” said the agency’s commissioner-general, Philippe Lazzarini. “I am deeply saddened to know that the earned salaries of our fearless, resilient social, sanitation and health-care workers on the front lines and our teachers working to ensure students’ education continue during this emergency health crisis are at risk.” The agency said in a statement that its...
    Matt Ryan contract breakdown: How many years are Falcons tied to their franchise QB? If Youre Pooping This Many Times a Day, You Should See Your Doctor Airbus Stems Cash Outflow, Charts Path Through Covid Crisis (Bloomberg) -- Airbus SE was able to stem the outflow of cash in the third quarter, fueling the planemaker’s confidence it can emerge from the Covid-19 pandemic well placed for a swift recovery. Load Error The European company is on track to meet a target of “at least” break-even adjusted free cash flow in the fourth quarter, Airbus said in a statement Thursday. The group generated 600 million euros ($705 million) cash in the three months through September, having burned through 4.4 billion euros in the second quarter. The update adds to mounting evidence that Airbus has fended off the most dire impact of the unprecedented aviation crisis, even as virus cases surge in the U.S. and Europe. Chief Executive Officer Guillaume Faury has so far balanced the necessary staff and output cuts with aggressive efforts to preserve the planemaker’s order book...
    Ohio breaks record for single-day increase in COVID-19 cases I had to start my future: Workers who lost jobs because of COVID-19 find new careers in these fields Should MTA cash in on New York City railyards to boost its coffers? One lawmaker says yes © Provided by AMNY Manhattan Councilman Ydanis Rodriguez wants to see more self-sufficiency in the MTA in the long-run as the COVID-19 pandemic has proven that fare and tax revenue may not be reliable when the agency needs funding most. This has become more abundantly clear as the White House administration and the Republican-led Senate has declined for months to deliver a second stimulus in the crisis ongoing for eight months now, which Rodriguez called for a change to on Thursday morning in Washington Heights. Rodriguez’s suggestion to the city and the MTA? Use real estate rail yards to create affordable housing as a revenue source for transportation and diversify income for the agency’s overall funding. “We always have to take the responsibility to deal with a crisis but also take the moment to plan...
    Dozens of airlines have already gone under this year as the coronavirus pandemic brought global air travel to a near-standstill, a new report says. Some 43 commercial carriers have suspended or ended their operations since January, compared with 46 in all of last year and 56 failures in 2018, CNBC reported Thursday, citing figures from travel data firm Cirium. Even more airlines are reportedly likely to bite the dust in the final few months of the year, when carriers rely on revenue they accumulated during the spring and summer months. There was little money to be made during those traditionally busy periods this year as COVID-19 forced officials to impose lockdowns and travel restrictions around the world. “With demand recovery in most regions stalled and airlines still struggling with revenue generation and cash outflow, we expect to see more failures in the final quarter of 2020 and first quarter of 2021 at least,” Rob Morris, Cirium’s global head of consultancy, told CNBC. Airlines have also grounded a larger number of planes this year, a sign that the crisis is...
    Dozens of airlines have already gone under this year as the coronavirus pandemic brought global air travel to a near-standstill, a new report says. Some 43 commercial carriers have suspended or ended their operations since January, compared with 46 in all of last year and 56 failures in 2018, CNBC reported Thursday, citing figures from travel data firm Cirium. Even more airlines are reportedly likely to bite the dust in the final few months of the year, when carriers rely on revenue they accumulated during the spring and summer months. There was little money to be made during those traditionally busy periods this year as COVID-19 forced officials to impose lockdowns and travel restrictions around the world. “With demand recovery in most regions stalled and airlines still struggling with revenue generation and cash outflow, we expect to see more failures in the final quarter of 2020 and first quarter of 2021 at least,” Rob Morris, Cirium’s global head of consultancy, told CNBC. Airlines have also grounded a larger number of planes this year, a sign that the crisis is affecting...
    PARIS, Sep 14 (.) – Peugeot maker PSA , and Fiat Chrysler (FCA) announced Monday that they restructured the terms of their planned merger to save cash and that they stepped up promised levels of cost reduction in the wake of the pandemic. The companies, which will be merged under the Stellantis name to form the world’s fourth-largest automaker, said in a joint statement that FCA It would cut to 2.9 billion euros ($ 3.4 billion) the cash portion of a special dividend of 5.5 billion euros that its shareholders will receive under the terms of the agreement signed last year. For its part, France’s PSA, whose brand portfolio also includes Citroen and Opel, will postpone after the closing of the merger the planned spin-off of its 46% stake in parts manufacturer Faurecia . Faurecia’s market capitalization amounts to about € 5.9 billion. “The changes preserve the balance of the original merger agreement,” both groups noted. A source said on Monday that the objective of these reviews is to reinforce the balance sheet of both companies...
    EUROPEAN football faces a cash “crisis” which will last for two years. Clubs face being hit by a triple whammy of no gate income, reduced TV money and sponsors demanding lower value deals. 3Juventus president Andrea Agnelli has issued a stark warning to Europe's top clubs And Europe's biggest sides including Liverpool, Manchester United and Manchester City will also be hit by a £530million cut in Uefa prize money for the Champions League and Europa League. The gloomy forecast was given by Juventus President Andrea Agnelli. Agnell told an audience of Europe’s biggest clubs that the real price of the Covid-19 pandemic has still to be paid. TRANSFER NEWS LIVE: Breaking news, juicy gossip and the biggest deals   Speaking at the opening of the virtual general assembly of the European Club Association, Agnelli said: “None of us could have imagined what we have had to live with over recent months. “Now we are looking at a top revenue decrease of approximately £3.6billion in the next two years. “According to Fifa, 90 per cent of those top line losses will...
    Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York City BY DR. HAZEL N. DUKES Earlier this year, New York City won an important victory in the battle for equal justice when the City Council passed legislation requiring all businesses to accept cash. Unfortunately, much of the rest of the country has not taken the same action, despite moves by thousands of large and small businesses to go “cashless.” This failure to protect cash threatens marginalized communities who do not have access to credit cards or debit cards and who have suffered the worst consequences of the COVID-19 economic crisis, particularly communities of color, low-income households, seniors, the homeless and immigrants. Now, as our country works to address the twin problems of racial injustice and the economic pains of vulnerable communities, our leaders in Washington must work to protect cash for all Americans who rely on it. The trend towards card-only transactions for routine goods and services like a cup of coffee or a gallon of milk may seem only like...
    Since George Floyd's brutal killing in police custody in Minneapolis this spring, America has begun to undergo a racial awakening. From New York and Chicago to Albuquerque and Omaha, Americans of all colors and backgrounds are standing together to demand an end to the structural violence and systemic racism that have afflicted Black people in this country for too long. Leaders in government and business are opening their ears to our community's cries — the cries of Black men, women and children — and taking steps to address our suffering like at no other moment in recent memory. The many faces of injustice, as well as the abject cruelties of racism, are being exposed and rejected in all their horror.Photos: Floyd Protests Across U.S., WorldView All 30 ImagesYet, for all this progress, there remain critical issues that continue to get swept under the rug. Often, the perpetrators are the same individuals and institutions in the business and banking industries who have pledged to take up the mantle of change. Such is the case with one of the most popular...
    CHICAGO (CBS) — Renters and homeonwers struggling to make their payments during the COVID-19 pandemic can apply for help under a new $300 million aid program from the State of Illinois. The Emergency Rental Assistance Program will allocate $150 million to help income-eligible residents across the state pay their rent during the COVID-19 crisis. Following the application period for rental assistance, IHDA will open applications for emergency mortgage assistance, providing another $150 million to homeowners impacted by COVID-19. With applications now available, the Emergency Rental Assistance Program (ERA) will support Illinois tenants unable to pay their rent due to a COVID-19-related loss of income. Tenants whose applications are approved will receive one-time grants of $5,000 paid directly to their landlords to cover missed and future rent payments. Apply online at: era.ihda.org. Tenant Eligibility: • Household income before March 1, 2020 was at or below 80 percent of the area median income; • An adult member of the household must have had a loss of income due to the COVID-19 crisis on or after March 1, 2020; and • Household has...
    Business activity in China has recovered quickly from the start of the coronavirus health crisis, the CEO of one of Europe's largest manufacturers told CNBC Thursday. "China has been able to very, very quickly recover from the origin of the crisis. In our business, China is actually up compared to last year's period, so we've seen higher numbers in demand then we used to see pre-crisis," Joe Kaeser, CEO of Siemens, told CNBC's Annette Weisbach. Between April and June, Chinese orders increased by 6% from a year ago. All the other jurisdictions where Siemens operates, apart from Germany, recorded a drop in the number of orders in the same period. Siemens reported Thursday net income of 535 million euros ($635 million) for the three months to June. This represented a drop of 53% from a year ago. Despite the challenging economic environment, Siemens also said that higher income taxes contributed to the drop in profit.  Other highlights for the quarter: Revenues hit 13.5 billion euros — 5% lower from a year ago. Free cash flow jumped to 2.5 billion euros from...
    Just five days after health officials announced the first case of Covid-19 in the D.C. area, Martha’s Table announced a major change to its strategy for promoting economic and food security among D.C. residents. We were going to give people money. Martha’s Table is a longstanding community-based nonprofit in D.C. In March, we launched our first-ever cash assistance program to support families with young children struggling to make ends meet. Altogether, we gifted $1.233 million to 137 families over a 16-week period this spring. In addition, we provided families with gift cards to grocery stores; a supply of diapers, wipes and formula; daily access to healthy groceries at no cost; and learning plans to support children’s continued development at home.  Time and time again, when disaster hits, we have seen our most vulnerable families suffer the most. Unfortunately, the Covid-19 outbreak was no different. Just weeks into the pandemic, nine in 10 of our families reported that they… Read the full story from the Washington Business Journal.
    By Meg Shen HONG KONG, China, Jul 16 (.) – China’s top central bank authority has called on the International Monetary Fund (IMF) to issue hundreds of billions of dollars of liquidity to its 189 member countries through a general allocation of Special Rights de Giro (SDR), despite objections from the United States. Yi Gang, governor of the People’s Bank of China, wrote in an opinion piece in the Financial Times that an issue of SDR – the IMF’s internal monetary unit – is necessary to help countries cope with the COVID-19 pandemic . “An overall SDR allocation, which is sometimes called ‘liquid gold’ and can be created at a stroke, is the missing piece of the IMF’s response to the crisis,” Yi wrote. The move, similar to that of a central bank printing money, was last deployed in 2009, when the IMF issued 250 billion SDRs to its members to ease the global financial crisis. While the move is backed by leading economists and many finance ministers, its biggest detractor, the US Treasury, has veto power over major IMF...
    How on-brand can the Trump team get? They are again letting payday lenders be as predatory as they want to be, lending to consumers at ridiculous interest rates—sometimes as high as several hundred percent—without verifying that the borrower has the ability to repay the loan. The Obama-era rule revoked Tuesday was intended to prevent borrowers from getting into inescapable debt, and to make sure that borrowers would be able to meet other living expenses while covering the loan repayments. The move was blasted by Sen. Sherrod Brown, the ranking Democrat on the Senate Banking Committee. "Last October we learned that, in exchange for contributions to the Trump campaign, payday lenders were bragging about being able to 'pick up the phone and […] get the president's attention' to fend off regulation. Today, the CFPB gave payday lenders exactly what they paid for by gutting a rule that would have protected American families from predatory loans that trap them in cycles of debt," Brown said. "This new rule—and recent reports  that political appointees manipulated research to support the new rule—show just how far the...
    It's all about the grift. It's all grift all the time in Trump world. And very, very swampy. A Public Citizen analysis has uncovered 40 Trump-connected lobbyists—including five former administration officials—securing more than $10 billion in coronavirus aid from the federal government and says that former administration officials lobbying violates Trump's own ethics policy. (I know, right? Trump and ethics in the same sentence.) The 40 lobbyists were in the administration, on Trumps' campaign, on the inaugural committee, and on the transition team. Many are major donors and fundraisers for his reelection. They are very prominent, establishment Republicans. For example, the finance chair for the Republican National Committee, Brian Ballard, was on Trump's transition team and has raised more than $1 million for Trump. In March he became the lobbyist for Laundrylux, which supplies commercial laundry machines. Laundromats were not included in the Department of Homeland Security's initial guidance as essential businesses that could remain open. After Ballard's hiring, presto—they were added to the list. It's unclear how much Ballard took home for that bit of intervention. Trump adviser Dave Urban has definitely earned $2.3 million...
    Israel's El Al airline cancelled all flights and suspended all operations that were set for Wednesday after the pilot's union announced that it's pilots would not fly due to the company's current financial crisis. The airline's CEO Gonen Usishkin also reportedly ordered all the company's aircraft to return to Israel, while all flights - including passenger and cargo flights - have been cancelled until further notice.   According to a report released on Tuesday, El Al has lost $140 million (£112 million) in the first quarter of 2020. The airline has a fleet of almost 50 planes and typically flies to over 40 destinations.   Pictured: An El Al Israel Airlines Boeing 777-200ER lands at London Heathrow airport in January 2020. All El Al planes have been recalled to Israel today Pictured: An El Al Boeing 747 passenger jet is towed to its gate after landing at Ben Gurion Airport July 9, 2003 near Tel Aviv, Israel. Today, all flights have been suspended 'The administration of the company did not even respect the agreements that were signed with the union less than a month...
    Las Vegas gamblers could soon bet with their cellphones instead of cash as casinos try to bounce back from the coronavirus crisis, a new report says. Nevada gaming regulators approved rules last week allowing casinos to expand the use of cashless betting amid concerns about the deadly COVID-19 bug spreading on gambling floors, according to The Wall Street Journal. The move to digital wagers could help casinos cut down on the number of interactions with cashiers during the pandemic and more easily spot money laundering, the paper reported Sunday. But it also reportedly raises fears about people getting hooked on gambling amid an economic crisis. “The faster you can access your funds and in some cases drain an entire bank account is a concern for people with gambling problems who tend to be highly impulsive,” Keith Whyte, the executive director of the National Council on Problem Gambling, told the Journal. The use of cashless payments has reportedly grown during the pandemic as consumers tried to reduce contact at cash registers. But casinos have been slower to adopt tools such...
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