Browsing: Business

To qualify for social equity, an applicant must have majority ownership by someone who’s been living in a designated area with high poverty or high arrest rates for cannabis offenses, or has had an arrest for a low-level cannabis offense, or has a family member with such a case. State officials also will create new alternative criteria to be announced in the near future.

In this Tuesday, June 15, 2021 file photograph, beef is displayed in the meat department at Lambert’s Rainbow Market, in Westwood, Mass. Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday, Feb. 15, 2022, that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. (Charles Krupa/AP)

The Interpipe Steel plant in Dnipro, Ukraine, is shown, Thursday, March 10, 2022. Getting steel gas pipes to Texas oil companies and railway wheels to European high-speed train operators has been put on hold as hundreds of Interpipe’s roughly 10,000 employees in Ukraine have joined the fight against Russia. Working with a skeleton crew, some of Interpipe’s facilities are running their canteens and making metal barriers to block Russian tanks and convoys. Its bomb shelters house dozens of local families at night. (Eugene Sabadyr/AP)

Nurse Blake Lynch, right, leads dozens of nurses, nursing students and supporters as they gather outside the Joint Commission offices in Oakbrook Terrace with boxes loaded with 540,000 signatures calling for safe staffing ratios for health care centers as a condition of accreditation on March 15, 2022. Nurses also took turns telling personal stories on burnout, handling low medical supplies and patient suffering during the pandemic. (Antonio Perez / Chicago Tribune)

Illinois Independent Drivers Guild co-founder Lenny Sanchez talks with Park Ridge mayor, Marty Maloney (Back to camera) during Saturday’s grand opening of the IDG office in Park Ridge, March 5, 2022. (Brian O’Mahoney for the Pioneer Press) (Brian OMahoney / Pioneer Press)

“Those impediments, they’re real. The ladies that I have, they all have something going on, but if they can become economically sustainable, that’s the big thing,” Turner said. “I’ve been broke, I’ve been on public aid, I’ve been borrowing and begging for a long time. I always looked at Oprah, like, she went over to Africa, built this school, she takes care of these girls, but they are here, they need help right here, right now.”

Customers watch a game in the NCAA basketball March Madness tournament on March 19, 2021, at the Borgata casino in Atlantic City, N.J. On March 13, 2022, the American Gaming Association predicted that 45 million Americans will bet on this year’s tournament. (Wayne Parry/AP)

Lightfoot implemented a rule requiring city workers get vaccinated by March 13 or lose pay. Asked Monday how the city would enforce its policies, Lightfoot said supervisors would call workers in to verify that they aren’t vaccinated and give them an opportunity to comply. They will then be given an order to get vaccinated and if they don’t, she said, then they’ll be placed on no-pay status, which is considered nondisciplinary.

By raising short-term rates, the Fed hopes to make it costlier to buy homes and cars and to boost credit card rates and borrowing costs for businesses. The resulting pullback in spending should, in turn, slow inflation, Powell told Congress two weeks ago. Strong consumer spending, fueled by stimulus checks and steady hiring and pay raises, has collided with supply shortfalls to raise inflation to 7.9%, the highest rate since 1982.

Hundreds of Muscovites line up outside the first McDonald’s restaurant in the Soviet Union on its opening day, in Moscow, Wednesday, Jan. 31, 1990. Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s. It was the first American fast-food restaurant to enter the Soviet Union. But now, McDonald’s is temporarily closing its 850 restaurants in Russia in response to the Ukraine invasion. (Anonymous/AP)