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Federal Reserve expands Main Street program to smaller firms

By Christopher Rugaber | The Associated Press The Federal Reserve will reduce the minimum loan level in its small business lending program and waive some fees to try to boost participation in a program that has so far provided little assistance to struggling companies. The Fed announced Friday that it will support loans of as low as $100,000 in its Main Street Lending Program, down from an earlier minimum of $250,000. The Main Street program seeks to support small and mid-sized businesses by buy...
Tags: Congress, Sport, Soccer, Federal Reserve, Brookings Institution, Fed, The Fed, Yale School of Management, Powell, Treasury Department, Jerome Powell, Christopher Rugaber, Nellie Liang, Yet the Fed


Eau de Bookstore: biblichor perfume for sexy readers

Biblichor (cf. petrichor) is a term referring to the scent of old books. Powell's by Powell's ($25) is a unisex personal fragrance from the eponymous Oregon bookstore, promising to give you its unique odor. "Like the crimson rhododendrons in 'Rebecca,' the heady fragrance of old paper creates an atmosphere ripe with mood and possibility," offers the cheeky product description. — Read the rest
Tags: Post, Books, News, Oregon, Rebecca, Mistakes, Smells, Powell


These are the top 10 countries to retire in, according to US expats who made the move well before the coronavirus pandemic

Where would you want to retire? Thomas Barwick/Getty Images International Living's Retirement Index, an annual comprehensive guide to global retirement destinations curated by US expats, was released.The ranking takes several factors into consideration, including the cost of healthcare, the cost of living, the process of obtaining a visa and owning property, the access to entertainment, and the ease of assimilation.Five Latin American countries made the list, followed by three European coun...
Tags: Personal Finance, New York, Mexico, France, Retirement, US, Trends, Wealth, Spain, Features, Colombia, Malaysia, Portugal, Miami, Vietnam, Ecuador


TriMet details $558 million in bus rapid transit projects included in Measure 26-218

(Photo: Jonathan Maus/BikePortland) Less than two weeks before voters get final say on Metro’s transportation funding measure 26-218, TriMet has released a statement outlining the four major bus rapid transit projects it would fund. TriMet defines bus rapid transit as, “A different type of bus service that uses treatments such as specially timed signals and dedicated transit travel lanes to move buses around traffic and get riders to their destination efficiently.” “If the measure does ...
Tags: Sport, Front Page, Cycling, Portland, Buses, Metro, Happy Valley, Washington County, Powell, Sandy, McLoughlin, Beaverton, Farmington, Burnside, Columbia River, TriMet


CS Score Reviews Intrada’s Robin Hood: Prince of Thieves and Chats with Composer Sean Callery

CS Score Reviews Intrada’s Robin Hood: Prince of Thieves and Chats with Composer Sean Callery Welcome to another edition of CS Score, film music lovers! We’ve got a good one for you this week. First, we’re gonna check out a few new releases from Varese Sarabande and Intrada, namely the expanded scores for John Powell’s How to Train Your Dragon and Michael Kamen’s Robin Hood: Prince of Thieves, and then we’ve got a special interview with NeXt composer Sean Callery, whose works include 24, Hom...
Tags: Amazon, Movies, Marvel, Robin Hood, Fox, Wings, Silicon Valley, Errol Flynn, Alan Rickman, Vikings, John Williams, Carlton, Trent Reznor, Alexa, Bryan Adams, Willow


Ex-Fed Chair Janet Yellen says extraordinary stimulus is needed so long as the pandemic presents an economic threat

Janet Yellen, vice chair of the Board of Governors of the U.S. Federal Reserve System REUTERS/ Robert Galbraith Additional fiscal stimulus is needed to keep the economic recovery on track, former Federal Reserve Chair Janet Yellen said Monday.The central bank "has already done a huge amount," and now Congress needs to pick up the slack, she said on Bloomberg TV."While the pandemic is still seriously affecting the economy, we need to continue extraordinary fiscal support," she added.Yellen a...
Tags: Congress, White House, China, Germany, US, Trends, Bloomberg, House, Korea, Ubs, Janet Yellen, Nancy Pelosi, Donald Trump, Yellen, Fed, Powell


Global share rally fizzles out amid new Covid-19 restrictions – business live

European shares lifted by US stimulus and vaccine hopes, Chinese retail sales in early trading before losing groundUK shopper numbers down for fourth weekCryptocurrency traders wait for Powell speech 1.03pm BST Time for a lunchtime round-up. The FTSE 100 index in London is trading 0.23% lower at 5,906 and Germany’s Dax has just turned negative as well, giving up earlier gains. Other European indices are still up. France’s CAC is up 0.31%, Italy’s FTSE MiB has edged up 0.06% and Spain’s Ibex ...
Tags: Business, London, France, China, Germany, US, Spain, UK News, World news, US news, Asia Pacific, Currencies, Italy, Libya, Pfizer, Nancy Pelosi


Southern California hires triple in September but unemployment at 12.9%

The erratic reopening of Southern California’s economy added workers in September at nearly triple the previous month’s hiring pace — but the region is still at 90% of its pre-pandemic employment levels. Local employers added 75,200 workers last month after hiring 26,000 in July, says my trusty spreadsheet using state job estimates for the four counties covered by the Southern California News Group. The region’s 7.1 million employees, however, represent just 90% of February’s staffing when the c...
Tags: Business, Jobs, California, US, Sport, Soccer, Disneyland, Gavin Newsom, Southern California, Fed, San Bernardino, Los Angeles County, Powell, Chapman University, Southern California News Group, Top Stories LADN


Southern California hiring pace triples in September but unemployment at 12.9%

The erratic reopening of Southern California’s economy added workers in September at nearly triple the previous month’s hiring pace — but the region is still at 90% of its pre-pandemic employment levels. Local employers added 75,200 workers last month after hiring 26,000 in July, says my trusty spreadsheet using state job estimates for the four counties covered by the Southern California News Group. The region’s 7.1 million employees, however, represent just 90% of February’s staffing when the c...
Tags: Business, Jobs, California, US, Sport, Soccer, Disneyland, Gavin Newsom, Southern California, Fed, San Bernardino, Los Angeles County, Powell, Chapman University, Southern California News Group, Top Stories LADN


Guest opinion: It’s time to coalesce around Metro’s transportation measure

(Photo: Jonathan Maus/BikePortland) For nearly two decades, transportation advocates and forward-thinking politicians around the region have talked wistfully about “The Big One,” the opportunity to ask voters to approve funding for a massive litany of transit, bicycle, and pedestrian projects all over the region. For the last eighteen months, a massive coalition of transportation wonks, social and racial justice advocates and climate hawks shot numerous spitballs at Metro and drew hard line...
Tags: Politics, Nike, Sport, Joe Biden, Intel, Front Page, Cycling, Portland, Bernie Sanders, Joe, Metro, Election 2020, Hillsboro, Aaron, Powell, Gresham


'We showed this is a team united' - Southgate & Powell reflect one year on from racism in Bulgaria

England boss Gareth Southgate and coach Chris Powell recall the night - one year ago - England stopping their game against Bulgaria due to racist abuse.
Tags: England, News, Bulgaria, Gareth Southgate, Chris Powell, Powell, Southgate amp


Southgate and Powell on racism: 'We showed this is a football team united'

England boss Gareth Southgate and coach Chris Powell recall the night - one year ago - England stopping their game against Bulgaria due to racist abuse.
Tags: England, Football, Bulgaria, Gareth Southgate, Chris Powell, Powell, Southgate


ODOT will award $28 million in safe routes to school grants statewide

Morning rush (remember that?) outside Harriet Tubman middle school in north Portland.(Photo: Jonathan Maus/BikePortland) All across Oregon, cities and counties (and one tribe) want more money to make it safer for people to walk and roll to school (remember going to school?). According to the Oregon Department of Transportation, 99 agencies from every region have applied for funding from the state’s Safe Routes to School program. 203 total projects have been submitted at a total cost of $73 mill...
Tags: Oregon, Sport, Front Page, Infrastructure, Cycling, Portland, Powell, Oregon Legislature, ODOT, Harriet Tubman, Oregon Department of Transportation, Oregon Transportation Commission, Jonathan Maus, Safe Routes To School, Leeanne Fergason, Fergason


Why Republicans haven't passed a new COVID-19 stimulus bill — putting them at odds with Trump

Senate Majority Leader Mitch McConnell leaves his office and walks to the Senate floor at the U.S. Capitol on September 23, 2020 in Washington, DC. Drew Angerer/Getty Images The Republican-led Senate has not passed a new coronavirus relief bill since April 21. While additional spending remained on the back burner over the summer, the death of Ruth Bader Ginsburg saw the GOP spring into action to confirm a replacement and tilt the ideological balance of the Supreme Court before Election Day...
Tags: Politics, New York, Science, News, Supreme Court, Obama, Congress, Kentucky, Senate, White House, Politico, US, Barack Obama, Trends, Economy, Analysis


Fiscal Stimulus Is Ineffective. The Fed Requesting It Is Even Worse.

As negotiations over the next COVID-19 stimulus package flounder, Federal Reserve officials are pushing for greater fiscal support from Congress. Particularly noteworthy is Fed Chairman Jerome Powell’s call for more spending. “Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell warned in a recent speech. “The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide su...
Tags: News, Congress, White House, Federal Reserve, Fed, Powell, Hogan, CBO, Milton Friedman, Jerome Powell, Senate Banking Committee, Thomas Hogan, American Institute for Economic Research, Congress Particularly


Larry Kudlow says economic recovery is not 'dependent' on a stimulus package, contradicting pleas from Fed

Larry Kudlow participates in coronavirus economic "relief update" virtual event at the White House in Washington Kevin Lamarque/Reuters White House economic advisor Larry Kudlow said Sunday that he doesn't think an economic recovery is "dependent" on passing the next coronavirus stimulus package. Kudlow's remarks contradict pleas from Fed Chair Jay Powell, who warned on Tuesday that the economy might falter if another stimulus package doesn't make it through Congress.  The next stimulus pa...
Tags: Politics, Congress, Washington, Kentucky, White House, Trends, Markets, Cnn, House, Mitch McConnell, Federal Reserve, Stimulus, Trump, Fed, State Of The Union, Mark


EDD makes progress processing California jobless claims

California’s labor agency said Wednesday it is whittling away a mountain of unemployment claims filed by workers who lost their jobs amid coronavirus-linked government shutdowns, although glitches persist. The state Employment Development Department has installed a new identity verification technology and said the tool’s first day of operations Monday helped to speed up the processing of new unemployment claims. “Already, the new tool has helped serve more than 101,000 Californians seeking unemp...
Tags: Business, Jobs, News, California, US, California News, Sport, Economy, Soccer, Southwest, Powell, Hilliard, Employment Development Department, Edd, Top Stories LADN, Top Stories OCR


A Journey Into The Perilous Wilderness Of Trump’s Post-Hospital Tweeting

Since President Donald Trump left Walter Reed Medical Center Monday, cyberspace has run thick with his tweets, many of them indecipherable and contradictory — even by his standards. As if trying to compensate for his few hours of social media silence Friday after he announced his positive COVID-19 diagnosis, Trump has tweeted or retweeted about 120 times since his return home, by this beleaguered reporter’s count. Twitter removed one of those for violating the site’s rules, and flagged ano...
Tags: New York Post, News, Supreme Court, Congress, California, White House, Russia, Michael Bay, Bloomberg, Joe Biden, Hillary Clinton, House, Fox News, Nancy Pelosi, Biden, Donald Trump


Claiming A Grand Obama Conspiracy, Flynn Asks Judge To Recuse Himself From Case

Michael Flynn is asking that the federal judge in his case recuse himself from further proceedings, after a fiery hearing last week in which the former national security adviser’s attorney said that the case against him was actually part of a “coup” attempt against President Trump. “The court’s contempt and disdain for the defense was palpable throughout the hearing on September 29, 2020, including when defense counsel made an oral motion for his immediate disqualification, which he refused t...
Tags: News, Obama, District Of Columbia, Doj, Justice Department, Sidney Powell, Flynn, Eric, Powell, Stevens, Sullivan, Michael Flynn, John Gleeson, Emmett Sullivan, Bill Barr, Muckraker


The Fed warned of 'tragic' consequences if the US didn't do more to support its economic recovery. Hours later, Trump killed talks around more stimulus.

Reuters Federal Reserve Chair Jerome Powell on Tuesday made his most pronounced call yet for additional relief spending. He said the risks of passing too little stimulus far outweigh the risks of overspending, adding that a diminished rebound would be "tragic." Mere hours after, President Trump abruptly ended stimulus negotiations, saying in a tweet he will pass a spending bill if he wins reelection in November. The move shocked investors, economists, and even other Fed officials. With mi...
Tags: Congress, US, Trends, Markets, Economy, House, Economic recovery, Treasury, Bill Ackman, Nancy Pelosi, Federal Reserve, Donald Trump, Morgan Stanley, Stimulus, Cnbc, Trump


The Fed warned of 'tragic' consequences if the US didn't do more to support its economic recovery. Hours later, Trump killed talks about more stimulus.

President Donald Trump and Federal Reserve Chairman Jerome Powell. Reuters Federal Reserve Chair Jerome Powell on Tuesday made his most pronounced call yet for additional relief spending, saying that the risks of passing too little stimulus far outweighed the risks of overspending and that a diminished rebound would be "tragic." Hours later, President Donald Trump said in a tweet that he was abruptly ending stimulus negotiations and that he would enact a spending bill if he is reelected in...
Tags: Congress, US, Trends, Markets, Economy, House, Economic recovery, Treasury, Bill Ackman, Nancy Pelosi, Federal Reserve, Donald Trump, Morgan Stanley, Walter Reed, Stimulus, Cnbc


'This is incredibly cruel': Experts say Trump's move to end stimulus negotiations could hurt millions of Americans on unemployment and set back the economy

REUTERS/Joshua Roberts Trump abruptly ended stimulus negotiations on Tuesday, all but delaying more federal coronavirus aid until next month. "It'll mean more people dropping into poverty and people making terrible choices between rent, medicine, and food on the table," Heidi Shierholz, senior economist at the Economic Policy Institute, told Business Insider. The nation's economic recovery is already wobbly and could backtrack in the coming weeks, another expert said. Visit Business Insid...
Tags: Politics, Republicans, Congress, White House, US, Trends, Markets, Economy, Policy, Democrats, Donald Trump, Stimulus, Unemployment Insurance, National Restaurant Association, Trump, Powell


Dow plummets 376 points as Trump halts stimulus talks until after election

J. Scott Applewhite/AP Photo US equities plummeted on Tuesday after President Donald Trump said he would halt stimulus talks until after the November 3 election."I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill," Trump tweeted on Tuesday afternoon.Major stock indexes gained in recent sessions on renewed hopes for near-term fiscal relief. Trump's action leaves the economy to trudge onward with...
Tags: Congress, US, Trends, Markets, Bank Of America, House, Economic recovery, Treasury, Nancy Pelosi, Airlines, Donald Trump, Goldman, Dow Jones, Stimulus, S&P 500, Dow Jones Industrial Average


Fed chair Jay Powell pushes for more stimulus, warning of economic "downward spiral"

"Weakness feeds on weakness," Powell said in his bluntest remarks to date on the slowing recovery.
Tags: Fed, Powell, Jay Powell


Stocks fall after Trump tweets he'll delay stimulus talks; move follows Fed's Powell urging Congress to approve a robust plan

Market drops after Trump tweets he'll delay stimulus negotiations until after elections. He accuses House Speaker Pelosi of not...
Tags: Congress, House, Trump, Fed, Powell, Pelosi


Stocks tumble after Trump calls off stimulus talks

By Stan Choe and Damian J. Troise | The Associated Press Stocks turned sharply lower on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats on a coronavirus economic stimulus bill until after the election. The S&P index slid 1.3% after Trump tweeted his mandate. The benchmark index had been up 0.7% just prior to the president’s announcement with about an hour of trading left. In a series of tweets about the negotiations between the White House...
Tags: Business, Congress, Wall Street, White House, China, Sport, Soccer, United States, Treasury, Capitol Hill, Donald Trump, Trump, Fed, Powell, Pelosi, Stan Choe


Federal Reserve's Jerome Powell: Congress should pass a robust stimulus

Fed Chair Powell says risks of passing a stimulus that's too small are more dire than a package that's excessive. A large relief measure will strengthen recovery.         [Author: USA TODAY]
Tags: Usa, News, Congress, Federal Reserve, Usa Today, Powell, Jerome Powell


Dow plummets 400 points as Trump halts stimulus talks until after election

J. Scott Applewhite/AP Photo US equities plummeted on Tuesday after President Trump abruptly halted stimulus talks until after the November 3 election."I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill," Trump tweeted Tuesday afternoon.Major stock indexes gained in recent sessions on renewed hope for near-term fiscal relief. Trump's action leaves the economy to trudge onward without support ma...
Tags: Congress, US, Trends, Markets, Bank Of America, House, Economic recovery, Treasury, Nancy Pelosi, Airlines, Donald Trump, Goldman, Dow Jones, Stimulus, S&P 500, Dow Jones Industrial Average


Fed's Powell warns of a 'weak' US economic recovery if more stimulus isn't enacted

Reuters Failure to pass adequate and timely stimulus endangers the US economic recovery, Federal Reserve Chairman Jerome Powell said Tuesday. In one of his most pointed calls for new aid, Powell noted that the risks of passing new relief measures "are still asymmetric." While overspending risks are small, passing too little stimulus could drive a "weak recovery," Powell said in remarks to the National Association of Business Economics' annual meeting. The nation's rebound "will be stronge...
Tags: Congress, Senate, US, Trends, Markets, Economy, House, Treasury, Nancy Pelosi, Federal Reserve, Goldman, Stimulus, Monetary Policy, Central Bank, Fed, Rbc


Federal Reserve’s Powell urges more stimulus: ‘Too little support would lead to a weak recovery’

Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned.
Tags: Federal Reserve, Powell, Jerome Powell