Economics

Silicon Valley Bank Collapse Threatens Climate Start-Ups

Mon, 2023-03-13 08:13 — Kathy Gilbeaux

As the fallout of the collapse of Silicon Valley Bank continued to spread over the weekend, it became clear that some of the worst casualties were companies developing solutions for the climate crisis.

The bank, the largest to fail since 2008, worked with more than 1,550 technology firms that are creating solar, hydrogen and battery storage projects. According to its website, the bank issued them billions in loans.

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Biden’s U.S. budget proposal directs billions to health programs but no new direct Covid funding

Fri, 2023-03-10 09:59 — mike kraft

Biden’s budget directs billions to health programs Welcome to The Hill’s Health Care newsletter{beacon} Health Care Health Care The Big Story Biden’s budget directs billions to health programs The president’s budget r… Grace Yarrow The Hill

The president’s budget released Thursday includes numerous lines dedicated to bolstering health care measures first included in the Inflation Reduction Act, but it notably left out funding for several key areas.

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Solar energy:U.S. Offcials warn againsl letting China control clene energy supply line

Thu, 2023-03-09 19:35 — mike kraft

CERAWEEK-Don’t let China control clean energy supply chain, US officials warn Officials from President Joe Biden's administration warned leaders of the U.S. clean energy transition this week to decarbonize quickly and keep the supply chain out of China's control. Richard Valdmanis,Ernest Scheyder Reuters

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Covid pandemic has focused attention to the importance of healthy indoor air

Thu, 2023-03-09 17:53 — mike kraft

Indoor air is full of flu and COVID viruses. Will countries clean it up? Nature - The current pandemic has focused attention to the importance of healthy indoor air and could spur lasting improvements to the air we breathe. Lewis, Dyani nature

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Puerto Rico residential electric bills may jump

Thu, 2023-03-09 11:19 — mike kraft

New debt plan proposes spike in Puerto Rico power bills SAN JUAN, Puerto Rico (AP) — Residential electric bills in Puerto Rico could increase by an average of $19 a month if a federal bankruptcy judge approves a proposal filed Thursday to restructure the staggering debt held by Puerto Rico’s power company. AP NEWS

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Some U.S. schools using Covid aid for fixing buildings instead of enhancing learning

Thu, 2023-03-09 10:59 — mike kraft

Schools use Covid aid to fix buildings as kids struggle to catch up on lost learning Georgetown University experts say a quarter of the $184 billion in pandemic aid designated for schools since 2020 and spent so far has gone toward facilities and construction. NBC News

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EU watchdog: Not enough safeguards on pandemic recovery fund

Thu, 2023-03-09 10:44 — mike kraft

EU watchdog: Not enough safeguards on pandemic recovery fund BRUSSELS (AP) — Insufficient checks and safeguards on how EU member countries spend a massive aid program designed to help them bounce back from the crisis caused by the COVID-19 pandemic are creating possibilities for fraud and mismanagement, the bloc's financial watchdog warned on Wednesday. AP NEWS

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Many American Long Covid patients face medical debt after insurance denies claims

Thu, 2023-03-09 10:39 — mike kraft

Some long Covid patients face big medical bills and denied insurance claims. How to navigate coverage. Millions in the U.S. are out of work because of severe long Covid symptoms, and many are struggling to pay their medical bills. Here's how to navigate insurance coverage. NBC News

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Experts say insurance companies will often deny claims for care related to long Covid because they don't see it as a “medical necessity.”

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Proposed budget indicates the White House Covid operations are winding down

Wed, 2023-03-08 19:18 — mike kraft

The latest sign the White House Covid operations are winding down? Its proposed budget It’s the latest sign the administration is moving to a new phase of the pandemic fight and uninterested in battling House Republicans on this front. POLITICO

...The White House proposal, which is scheduled for release Thursday, is expected to drop a call Biden made last year for tens of billions of dollars to fuel the ongoing crisis response, including purchasing more vaccines and treatments, three people familiar with the matter told POLITICO.

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Pandemic funds fraud cases: Floria media influencer, Michigan union

Tue, 2023-03-07 11:47 — mike kraft

Influencer pleads guilty to $1.5 million COVID relief fraud scheme Danielle Miller has pleaded guilty to three counts of wire fraud and two counts of aggravated identity theft. CBSNews

The New York-born Miller used the stolen identities of more than 10 people and fake business names to claim pandemic-related financial assistance, which she then used to fund personal expenses, such as rent in a luxury apartment and to charter a private plane.

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