Administration Officials Urge Congress to Repurpose Unused Small Business Funds

Trump administration officials are urging lawmakers to pass a bill that would repurpose unused funding from the Paycheck Protection Program, which was established to boost struggling businesses during the coronavirus pandemic, as negotiations on another stimulus package continue.



Steven Mnuchin wearing a suit and tie: Secretary of the Department of the Treasury, Steven T. Mnuchin, during a hearing in Washington, D.C., September 24, 2020


© Toni L. Sandys/Reuters
Secretary of the Department of the Treasury, Steven T. Mnuchin, during a hearing in Washington, D.C., September 24, 2020

“Now is the time for us to come together and immediately vote on a bill to allow us to spend the unused Paycheck Protection Program funds while we continue to work toward a comprehensive package,” read a Sunday letter to members of Congress from White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin. “The all-or-nothing approach is an unacceptable response to the American people.”

On Sunday, House Speaker Nancy Pelosi rejected the administration’s latest offer of $1.8 trillion coronavirus relief bill, which included $300 billion

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5 high school SC business students to compete for $7,000 in startup funds | News

Starting a business in high school may seem intimidating for some teenagers. But for five South Carolina students, what started as a school project has evolved into an opportunity to compete for $7,000 in seed money they can use to launch their own company.

These finalists, selected from high schools across the state, will have the chance to present their business plan at 7 p.m. Tuesday before a panel of entrepreneurship experts during the South Carolina State Business Plan Competition hosted by Youth Entrepreneurship South Carolina.

The group, also known as YEScarolina, is a nonprofit dedicated to teaching and guiding young entrepreneurs across the Palmetto State. Since its founding in 2004, the group has certified over 1,000 educators how to teach business classes. Those educators have gone on to help tens of thousands of students hungry to learn more about entrepreneurship, said Executive Director Tracy Bradshaw.



Hands-on internships made possible even in the time of COVID

As part

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Siskinds LLP announces the successful certification of the class action for investors in TD mutual funds

LONDON, ON and TORONTO, Oct. 9, 2020 /CNW/ – Siskinds LLP is pleased to announce the successful certification of the class action against TD Asset Management Inc. regarding trailing commissions paid to discount brokers on TD mutual funds.

On October 2, 2020, the Divisional Court dismissed the motion for leave to appeal brought by TDAM from the certification decision of the Ontario Superior Court of Justice released on February 27, 2020.

The certified class is defined as all persons, wherever they may reside or be domiciled, who held or hold, at any time prior to the conclusion of the trial of the common issues in the proceeding, units of a TD mutual fund trust through a discount broker, except for certain “excluded persons”.

The class action against TDAM is one of seven class actions in which Siskinds is class counsel against mutual fund trustees/managers relating to

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Hedge Funds Make Pandemic Bet on Insurance | Investing News

By Maiya Keidan and Carolyn Cohn

LONDON (Reuters) – Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are lifting the sector’s post-coronavirus prospects.

Insurers faced a surge in claims spanning trade credit to event cancellations as a result of the pandemic. Some have pulled out of unprofitable lines of business but for those who remain, the crisis has led to a steep rise in premiums, or a so-called “hardening” of the market, typical after a period of heavy losses.

Commercial insurance rates https://tmsnrt.rs/3nuB046 rose 19% year-on-year in the April-June quarter, says Marsh, the world’s largest insurance broker, the most since the firm started compiling data in 2012.

(Graphic: Global commercial insurance premiums (% change) – https://graphics.reuters.com/HEALTH-CORONVIRUS/INSURANCE/xegpbjdeypq/chart.png)

Insurance was a successful part of Toscafund’s portfolios after 2012 as

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