New York | October 22, 2021
Hedge funds make millions as shares in Trump media Spac jump
New York | October 22, 2021
A group of 11 hedge funds including DE Shaw and Saba Capital earned millions of dollars in potential gains in a single day after a special purpose acquisition company that merged with Donald Trump’s new social media group rose as much as 421 per cent on Thursday. The former US president this week launched a social media outlet called Truth Social that aims to compete against the likes of Facebook and Twitter, creating a platform for his rightwing supporters ahead of a potential run for office in 2024. Shares in the Spac climbed from $9.96 to as much as $51.90. They eventually closed at $45.50, up by 357 per cent compared to the previous day…. (Excerpts from the Financial Times)
New York | October 1, 2021
NYC Restauranteurs: Business Down 40 to 60 Percent Due to Vaccine Mandate
New York | October 1, 2021
New York City restauranteurs are complaining that their business has been slashed severely by the COVID-19 vaccine mandate, which requires people 12 and older to show vaccination proof for indoor dining, indoor fitness, and indoor entertainment.
Pre-pandemic, O’Donoghue’s Pub and Restaurant was a successful business that has been open for 10 years in Times Square, Manhattan.
Fergal Burke, the owner of O’Donoghue’s noticed that his business has seen “a massive drop,” since the vaccine mandate came into effect.
“We don’t have the money here to survive without the help of our landlord, [who] has been very supportive and has been giving us breaks on the rent, but without our landlord, we would not be in business,” Burke told The Epoch Times.
He said that he needed to hire another person to be at the door checking for vaccination proof, which increased his expenses…. (Excerpts from the Epoch Times)
Alaska, California, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming | May 17, 2021
Enough! State Attorneys General URGE Facebook to Scrap Instagram for Kids
Alaska, California, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming | May 17, 2021
The National Association of Attorneys General had to urge Facebook to drop a potentially “harmful” project targeted at kids. Apparently, Facebook needs to be encouraged to protect children online.
Attorneys general from 44 states and territories sent a letter to Facebook Chief Executive Officer and founder Mark Zuckerberg. The Attorneys General urged Zuckerberg to scrap plans to develop an Instagram platform for children under the age of 13. Facebook is the parent company of Instagram. ..
(Excerpts from MRC News)
New York | May 11, 2021
Brooklyn businesses say unemployment benefits keeping workers away
New York | May 11, 2021
About two-thirds of Brooklyn’s merchants are having difficulty hiring workers as they seek to ramp up operations following the coronavirus shutdowns — and many are blaming generous federal emergency jobless benefits approved by President Biden for keeping people home, a new survey reveals.
The Brooklyn Chamber of Commerce poll of 200 small businesses found that 64 percent were having trouble hiring people. A significant 42 percent of respondents cited higher COVID-19 emergency jobless benefits extended through September — including the $300 weekly supplement — as discouraging people from returning to the workforce because the government checks pay as much or more than the city’s $15 minimum wage.
The survey also found that 41 percent of merchants said they couldn’t provide adequate hours to employees as they slowly emerge from the pandemic; 28 percent said employees had moved on to other jobs; 12 percent said workers had safety concerns; 7 percent reported losing contact with former employees and 5 percent cited employee health issues.
Several business owners also said employees cited inadequate access to childcare as hindering a return to work. “While there are a lot of reasons to be excited about the recovery and the future of small businesses in our borough, the reality is significant hiring issues exist right now that we need to address,” said Randy Peers, president and CEO of the Brooklyn Chamber of Commerce…
(Excerpts from New York Post)