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4.3 Million Social Reach For Nahki Wells Mentions

Over the past week Bermudians have been keenly following and discussing the transfer news as it relates to Nahki Wells, and we were far from the only ones, with a social media analytics service indicating that mentions of the footballer had a social media reach of some 4.3 million, spanning nations across the globe. This number […]

(Click to read the full article)




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‘Bermuda Style’ House For Sale For $37.5 Million

If you happen to have a spare $37.5 million and are interested in a luxury ‘Bermuda-style house’ in Palm Beach, Florida, you are in luck, as a 7,526 square foot, 5 bedroom, 8 bathroom house has been listed for sale. The waterfront property — set on a 26,638 square foot lot — features retractable glass […]

(Click to read the full article)




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Covéa Set To Buy PartnerRe In $9 Billion Deal

EXOR has entered into an MoU with French insurer Covéa in which they will acquire Bermuda-based reinsurer PartnerRe for a “total cash consideration of $9.0 billion plus a cash dividend of $50 million. The company said, “EXOR, one of Europe’s largest, diversified family-controlled holding companies, announces that it has entered into a Memorandum of Understanding […]

(Click to read the full article)




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HBO Max Greenlights Animated Series "Santa Inc." Starring Sarah Silverman and Seth Rogen from Lionsgate

The eight episode, half-hour series will be written by showrunner Alexandra Rushfield and will be produced by Rogen's Point Grey Pictures as part of their multiplatform partnership with Lionsgate.




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Beef Medallions




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UB chemist awarded $2 million NIH grant for enzyme research

A University at Buffalo-led research team is studying the details of how enzymes perform their job. The focus of the project is on understanding the molecular interactions that enable enzymes to accelerate chemical reactions.




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billionaires

how long in time is a million seconds 11 days how long in time is a billion seconds 31 YEARS the country is in lockdown if every American billionaire would donate 2 million dollars a pandemic patriotic tax for the country you love and have profited greatly from for its very survival we look to […]




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Sketchy Gets Sketchier: Senator Loeffler Received $9 Million 'Gift' Right Before She Joined The Senate

Kelly Loeffler is, by far, the wealthiest elected official in Congress, with an estimated net worth of half a billion dollars (the second wealthiest is Montana Rep. Greg Gianforte (famous for his body slamming a journalist for asking him a question and then lying to the police about it)). Loeffler may be used to getting away with tearing up the red tape in her previous life, but in Congress, that often looks pretty corrupt. In just the last few months since she was appointed, there were concerns about her stock sales and stock purchases, which seemed oddly matched to information she was getting during briefings regarding the impact of COVID-19. She has since agreed to convert all her stock holdings to managed funds outside of her control (something every elected official should do, frankly).

Now, the NY Times is noting another form of what we've referred to as "soft corruption" -- moves that might technically be legal, but which sure look sketchy as hell to any regular non-multimillionaire elected official. In this case, Senator Loeffler received what was, in effect, a gift worth $9 million from her former employer, Intercontinental Exchange (the company that runs the NY Stock Exchange, and where her husband is the CEO).

The key issue was that since she was leaving the job to go join the Senate, she had a bunch of unvested stock. For normal people, if you leave a job before your stock vests, too bad. That's the deal. The vesting period is there for a reason. But for powerful, rich people, apparently the rules change. Intercontinental Exchange changed the rules to grant her the compensation that she wasn't supposed to get, because why not?

Ms. Loeffler, who was appointed to the Senate in December and is now in a competitive race to hold her seat, appears to have received stock and other awards worth more than $9 million from the company, Intercontinental Exchange, according to a review of securities filings by The New York Times, Ms. Loeffler’s financial disclosure form and interviews with compensation and accounting experts. That was on top of her 2019 salary and bonus of about $3.5 million.

The additional compensation came in the form of shares, stock options and other instruments that Ms. Loeffler had previously been granted but was poised to forfeit by leaving the company. Intercontinental Exchange altered the terms of the awards, allowing her to keep them. The largest component — which the company had previously valued at about $7.8 million — was a stake in an Intercontinental Exchange subsidiary that Ms. Loeffler had been running.

The entitlement factor oozes out of the statement put out from her office in response to this:

“Kelly left millions in equity compensation behind to serve in public office to protect freedom, conservative values and economic opportunity for all Georgians,” said Stephen Lawson, a spokesman for Ms. Loeffler. “The obsession of the liberal media and career politicians with her success shows their bias against private sector opportunity in favor of big government.”

No, Stephen, that's not the issue. The issue is that normal people who haven't vested yet, don't get to have the board change the vesting rules as you're leaving to go legislate in order to give you a $9 million windfall you didn't earn because it hadn't vested. If it had just been a question of compensation, no one would be complaining. If she had played by the rules that everyone else played by, lived up to her end of the contract and vested the equity, then no big deal. The problem is the last minute changing of the rules to get her a pretty massive payout (perhaps not by her standards, but by anyone else's).

Indeed, the details show that this wasn't just a timing thing, like a standard vesting deal, but that Loeffler was supposed to reach certain milestones to be able to get the equity. She didn't, but she still gets it. That's the part that has people concerned.

In February 2019, Intercontinental Exchange gave Ms. Loeffler a stake in a limited liability company that owned a stake in Bakkt, according to a March 2019 securities filing. The company at the time estimated the award was worth $15.6 million. But Ms. Loeffler would be able to cash in on the award only under certain circumstances, including if Bakkt’s value soared or if it became a publicly traded company.

When Ms. Loeffler stepped down from the company less than 10 months later, she was poised to forfeit much of that Bakkt stake. But Intercontinental Exchange sped up the vesting process so that she got half of it immediately.

The company, of course, puts a nice spin on it, saying "We admire Kelly’s decision to serve her country in the U.S. Senate and did not want to discourage that willingness to serve,” but what else are they going to say anyway?

Still waiting for that supposed swamp draining we keep hearing about.




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HCL finishes its year with 15 percent growth, 100 million minutes-a-month Teams usage

Cracks the 150,000-employee mark as revenue falls just short of $10bn

Indian services giant HCL Technologies has wound up its 19/20 financial year by reporting 15 percent annual growth but a flat Q4.…




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Berlin looks to build $21 million police department

The Berlin police department is looking to build a new facility, but some residents don't think spending $21 million should even be considered. Continue reading




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Glenn Greenwald Asks “Why Did Saudi Regime & Other Gulf Tyrannies Donate Millions to Clinton Foundation?” Transcript and video.

Questions surrounding Hillary Clinton and the Clinton Foundation continue to grow. On Sunday, Democratic National Committee interim chairperson Donna Brazile defended Clinton’s meetings as secretary of state with Clinton Foundation donors, saying, "When Republicans meet with their donors, with their supporters, their activists, they call it a meeting. When Democrats do that, they call it a conflict." Donna Brazile’s comments come in response to an Associated Press investigation revealing that while Hillary Clinton served as secretary of state, more than half of the private citizens she met with during the reporting period had donated to the Clinton Foundation. The AP investigation comes after a three-year battle to gain access to State Department calendars. The analysis shows that at least 85 of 154 people Hillary Clinton had scheduled phone or in-person meetings with were foundation donors. We speak to Pulitzer Prize-winning journalist Glenn Greenwald of The Intercept. His most recent piece is headlined "Why Did the Saudi Regime and Other Gulf Tyrannies Donate Millions to the Clinton Foundation?" Continue reading




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IBM and Citizen-Scientists Poised to Contribute Equivalent of up to $200 Million for Climate & Environmental Research

As climate change accelerates, IBM is galvanizing the global science community with a massive infusion of computing resources, weather data, and cloud services to help researchers examine the effects of climate change, and explore strategies to mitigate its effects. IBM pledges to help direct the equivalent of up to $200 million for up to five climate-related projects judged to offer the greatest potential impact, and will then broadly share the experiments' results.




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Army Re-Ups with IBM for $135 Million in Cloud Services

IBM announced today that the U.S. Army’s Logistics Support Activity awarded IBM a contract to continue providing cloud services, software development and cognitive computing, constituting the technical infrastructure for one of the U.S. federal government’s biggest logistics systems.



  • IBM Watson Internet of Things (IoT)

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IBM Board Approves Quarterly Cash Dividend; Authorizes $3 Billion For Stock Repurchase

The IBM board of directors today declared a regular quarterly cash dividend of $1.50 per common share, payable December 9, 2017 to stockholders of record November 10, 2017.




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IBM Agrees to Acquire Sterling Commerce from AT&T for $1.4 Billion

IBM and AT&T* today announced they have entered into a definitive agreement for IBM to acquire Sterling Commerce from AT&T for approximately $1.4 billion in cash. The acquisition of the Dublin, OH-based company will expand IBM's ability to help organizations create more intelligent and dynamic business networks by simplifying and automating the way they connect and communicate with customers, partners and suppliers both on-premise or through cloud computing delivery models.




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IBM to Invest $100 Million in Mobile Communication Research

IBM today announced it plans to shift $100 million investment over the next five years into a major Research effort which aims to advance mobile services and capabilities for businesses and consumers worldwide.




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IBM Donates More Than 2.5 Million Hours of Volunteer Service to Communities Worldwide as Part of Centennial Day of Service

IBM today announced that as part of its Celebration of Service, designed to allow employees, retirees, clients and business partners to donate their time and expertise during the company's Centennial year, 300,000 IBMers around the world -- close to three quarters of its global workforce -- are volunteering in more than 5,000 projects in 120 countries, meeting civic and societal challenges and serving millions in need.




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ANZ signs AU$450 million, five-year strategic partnership with IBM

ANZ, one of Australia and New Zealand’s leading banks, has signed a five-year, AU$450 million strategic agreement with IBM. This partnership will provide ANZ with increased capability to drive productivity and innovation across the Group, as well as improving its capacity to deal with the rapidly growing number of customers and transactions across the bank’s branch, digital and mobile channels and support ANZ’s regional expansion.




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IBM to Make up to US$5 Billion Available to Accelerate Smart Infrastructure Initiatives Around the World

IBM announced today it is making up to €2.2 billion ($3 billion) available to finance IT initiatives in key economic stimulus projects in Europe and Asia-Pacific through IBM Global Financing, IBM’s lending and leasing business segment. Today’s announcement follows the availability of up to €1.5 billion ($2 billion) announced by IBM on April 30 to help jump start US economic stimulus programs.




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IBM Makes $4 Billion in Financing Available for Business Partners; Announces New Mobile App to Speed Access to Credit within Minutes

IBM announced today it is providing IBM Business Partners worldwide with $4 billion in financing for credit-qualified clients over a period of 12 months. This financing, through IBM Global Financing, can make obtaining credit easier and more accessible to enable IBM's global partner ecosystem and their clients to acquire advanced technologies such as cloud, analytics and PureSystems. As part of today's news, IBM is also launching a new mobile app as another step to simplify the way IBM's Business Partners can apply for and secure financing for their clients within minutes via any mobile device -- anytime, anywhere.




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Male Lion in the Wild

Duncan Trussell on Joe Rogan I’m trying to turn more people on to this Duncan dude! ???? Daily Photo – Male Lion in the Wild On our second day in Botswana, we were lucky enough to see this mature male lion. The previous time I was in Africa, I didn’t see a male lion for […]




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Rekordní částka. Americké ministerstvo financí si půjčí 3 biliony dolarů

Americké ministerstvo financí v pondělí uvedlo, že si v současném čtvrtletí půjčí rekordní 3 biliony dolarů (v přepočtu asi 75 bilionů korun), aby mohlo pokrýt obrovské náklady spojené s koronavirovou krizí. Peníze vláda potřebuje na testování, zdravotní péči, pomoc pro firmy a domácnosti a na opatření, která mají pomoci v boji s nemocí a zmírnit ekonomické dopady.



  • Ekonomika - Zahraniční

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Bez práce je víc než čtvrt milionu lidí. Jejich počet vzroste

V dubnu bylo bez práce 254 tisíc lidí, nejvíce od března 2018. Nezaměstnanost vzrostla na 3,4 procenta, potvrdil ve čtvrtek Úřad práce. V evidenci přibývá lidí z oboru služeb. O dubnových číslech hovořila již v pondělí ministryně práce Jana Maláčová (ČSSD). Podle ní jsou data stále příznivá.



  • Ekonomika - Domácí

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Češi dali na záchranu hospod už přes deset milionů, akce pokračuje

Hospody a restaurace Češi prostřednictvím projektu Zachraň hospodu podpořili deseti miliony korun. Poukazy do více než 1 500 podniků si od začátku dubna, kdy byl projekt spuštěn, koupilo přes devět tisíc lidí. Stravovací zařízení budou moci od pondělí obsluhovat hosty na zahrádkách, iniciativa se tím však nezastaví.



  • Ekonomika - Domácí

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PŘEHLEDNĚ: Pandemie zanechává desítky milionů lidí bez práce

Nezaměstnanost se šíří světem podobně jako virus. Nejhorší je situace v USA. Tamní centrální banka čeká až třetinovou nezaměstnanost. Jednou z nejvíce postižených zemí v Evropě bude Španělsko, kde se může ocitnout bez práce více než pětina lidí.



  • Ekonomika - Domácí

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Congress Sets Up Taxpayers to Eat $454 Billion of Wall Street’s Losses. Where Is the Outrage?

Congress Sets Up Taxpayers to Eat $454 Billion of Wall Street’s Losses. Where Is the Outrage?

By Pam Martens and Russ Martens: May 7, 2020 ~ Beginning on March 24 of this year, Larry Kudlow, the White House Economic Advisor, began to roll out the most deviously designed bailout of Wall Street in the history of America. After the Federal Reserve’s secret $29 trillion bailout of Wall Street from 2007 to 2010, and the exposure of that by a government audit and in-depth report by the Levy Economics Institute in 2011, Kudlow was going to have to come up with a brilliant strategy to sell another multi-trillion-dollar Wall Street bailout to the American people. The scheme was brilliant (in an evil genius sort of way) and audacious in employing an Orwellian form of reverse-speak. The plan to bail out Wall Street would be sold to the American people as a rescue of “Main Street.” It was critical, however, that all of the officials speaking to the … Continue reading

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U.S. Financial System “Monitor” Failed to Flash Warning as Fed Pumped $6 Trillion Emergency Liquidity into Wall Street

U.S. Financial System “Monitor” Failed to Flash Warning as Fed Pumped $6 Trillion Emergency Liquidity into Wall Street

By Pam Martens and Russ Martens: May 8, 2020 ~  The Office of Financial Research (OFR) was created under the Dodd-Frank financial reform legislation of 2010 to keep the Financial Stability Oversight Council (F-SOC) informed on emerging threats that have the potential to implode the financial system — as occurred in 2008 in the worst financial crash since the Great Depression. The Trump administration has gutted both its funding and staff. One of the early warning systems of an impending financial crisis that OFR was supposed to have created is the heat map above. Green means low risk; yellow tones mean moderate risk; while red tones flash a warning of a serious problem. On September 17, 2019, liquidity was so strained on Wall Street that the Federal Reserve had to step in and began providing hundreds of billions of dollars per week in repo loans. By January 27, 2020 (before … Continue reading

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March 2020 Wallpaper: In Like a Lion

Shaenon: I started this wallpaper illustration at the beginning of the month, and now it’s a nostalgic image of the days when people could gather in groups. Ha ha, the world’s gone mad and we’re all going to die. But[…]↓ Read the rest of this entry...




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Did you know there are millions of searches every month for ‘jobs’ on Google?

 Naturally, people use search terms that match their interests and experience, with phrases like ‘engineering jobs’ or ‘jobs in finance.’ And it’s no surprise that people often add geographical factors to narrow the results, such as ‘in Dallas,’ ‘near me,’ or ‘remote.’ What’s intriguing is that job seekers also use terms that identify their […]

The post Did you know there are millions of searches every month for ‘jobs’ on Google? appeared first on DiversityJobs.com.




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Michael Bloomberg Memes That Roast The Cringey Billionaire

You're probably already aware that Michael Bloomberg, cringey billionaire extraordinaire and 2020 presidential candidate, has been reaching out to various big-name meme accounts on Instagram asking them to post content that makes him look a little more...hip to the kids, shall we say? 

But apparently he's doing something right with his presidential campaign, as he's been soaring in the polls and we're seeing ads for him practically everywhere.

Normally we don't like to get too political, but it's clear that Bloomberg was not hugged enough as a child.




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25 Million Ballots Could be Lost in Shift to Mail-in Voting

We may have to vote by mail or we die. But 22% of mail-in ballots are never counted — that’s well over one out of five. That means, if we go to 80% mail-in voting, we’ll have 25 million lost votes in November. If it were random, it obviously

The post 25 Million Ballots Could be Lost in Shift to Mail-in Voting appeared first on Greg Palast.




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Rush to Vote-by-Mail could cost Dems the ElectionMail-in Voting puts Millions of Minority Ballots at Risk

I get it:  We all must vote by mail—or we die. 
There is really no other safe choice. But there is much to fear, with a switch to all-mail voting—unless our broken absentee ballot system is fixed. Here’s what the “Go Postal” crowd doesn’t tell you

The post Rush to Vote-by-Mail could cost Dems the Election<div id='sec-title'>Mail-in Voting puts Millions of Minority Ballots at Risk</div> appeared first on Greg Palast.




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RagingStallion: Logan Stevens and Donnie Argento

Anonymous studs at the bathhouse carry on with their fun. Bearded stud Logan Stevens stumbles on Donnie Argento, face-down-ass-up in his room wearing nothing but a jock. Enticed by Donnie’s hot hole, Logan steps up and dives straight in to eat his furry ass. After eating out Donnie’s hole, Logan spins his new anon friend... View Article

The post RagingStallion: Logan Stevens and Donnie Argento appeared first on QueerClick.





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Hackers Trick 3 British Private Equity Firms Into Sending Them $1.3 Million

In a recent highly targeted BEC attack, hackers managed to trick three British private equity firms into wire-transferring a total of $1.3 million to the bank accounts fraudsters have access to — while the victimized executives thought they closed an investment deal with some startups. According to the cybersecurity firm Check Point, who shared its latest investigation with The Hacker News,




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Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions. As the head of the intelligence […]




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Watch Cleveland, Ohio Accidentally Destroy Itself With 1.5 Million Balloons

By Dan Duddy  Published: May 06th, 2020 





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Princeton awards over half-a-million dollars in funding for rapid, novel and actionable COVID-19 research projects

With the aim of accelerating solutions to the challenges of the COVID-19 pandemic, Princeton has awarded University funding for seven new faculty-led research initiatives with strong potential for impact.




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Greater Kansas City Metro Coalitions Receive $1.4 Million for Brownfields Cleanup and Assessment Projects

Environmental News FOR IMMEDIATE RELEASE




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EPA selects nine projects in Oregon and Washington for $4.75 million in Brownfields funding

(Seattle) Today, the U.S. Environmental Protection Agency (EPA) is announcing that nine Northwest communities and tribes will receive a total of $4.75 million to assess and clean up contaminated properties under the agency’s Brownfields Program.




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EPA selects nine projects in Oregon and Washington for $4.75 million in Brownfields funding

(Seattle) Today, the U.S. Environmental Protection Agency (EPA) is announcing that nine Northwest tribes and communities will receive a total of $4.75 million to assess and clean up contaminated properties under the agency’s Brownfields Program.




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EPA Announces $2 Million in Brownfield Grants for Communities Across New Jersey

NEW YORK – Today, the U.S.




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EPA Selects Nine Projects in California to Receive Nearly $4 Million for Revitalization of Contaminated Properties

SAN FRANCISCO - Today, the U.S. Environmental Protection Agency (EPA) announced nine projects across California will receive a total of nearly $4 million to assess and clean up contaminated properties under the agency’s Brownfields Program.




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EPA Selects Four Projects in Mississippi to Receive $1.4 Million for Brownfields Cleanup and Assessment

JACKSON, Miss. (May 7, 2020) – Today, the U.S. Environmental Protection Agency (EPA) announced four grant recipients in Mississippi have been selected to receive awards totaling $1,464,000 to assess and clean up contaminated properties under the agency’s Brownfields program.




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EPA Selects Four Projects in Maine to Receive $1.4 Million for Brownfields Cleanup and Assessment

BOSTON – Today, the U.S. Environmental Protection Agency (EPA) is announcing that three grantees in the state of Maine have been selected to receive $1.4 million to assess and clean up contaminated properties under the agency's Brownfields Program.




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23 Missouri School Districts, One Transportation Company Receive $1.03 Million to Help Purchase Buses to Lower Diesel Emissions

Environmental News  FOR IMMEDIATE RELEASE




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Qantas secures another A$550 million in debt funding

Three more Dreamliners used as collateral




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Billionaire investor sells all airline shares

Warren Buffett says 'the world has changed'




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Corona: German Cabinet Agrees to 750 Billion Euros in Emergency Aid Measures

The German cabinet on Monday agreed to an unprecedented aid package to prop up the country's economy as the coronavirus pandemic takes hold. Parliament is set to approve the package later this week.