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Chile Arrests Three Argentine Drug Traffickers

first_img Three Argentine citizens, one of them a police officer, were arrested in Chile while transporting around 300 kilos of marijuana on mules and horses across an unauthorized border crossing in the Andes mountain range, the Chilean police announced. The Argentine nationals Carlos Lucero, Horacio Cortés, and Juan Pablo Alcaraz “were transporting the drugs on mules and horses” from the city of Mendoza, Argentina, and were seeking to enter Chile by crossing the mountain range “to Maipo Canyon [52 km east of the Chilean capital], in a two-day trip,” prosecutor Andrés Castellanos told the local press. The Chilean Investigative Police calculated the value of the drugs seized at around 3 million dollars. The Carabineros, Chile’s national paramilitary police force, arrested the three Argentine citizens and two additional Chilean nationals on February 5, when they were unloading the marijuana and firearms from the animals onto motorized vehicles. One of the gang’s leaders and the person in charge of crossing the border with the animals was Argentine police officer Alcaraz, said Juan Baeza, head of the Chilean Investigative Police. According to Baeza, “we’ve been investigating” Alcaraz “for a month a half for bringing in drugs.” The five individuals arrested are being held pending trial, and the drugs, the weapons, and the animals were seized by the police. By Dialogo February 08, 2012last_img read more

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Peloton says recent spike in Covid-19 cases, lockdowns boosting sales

first_img– Advertisement – In Europe, the number of Covid cases is rising more rapidly on a per capita basis, and lockdown measures have been imposed in France, Germany and England.Peloton on Thursday said its first-quarter sales more than tripled, exceeding the company’s expectations, and it raised its revenue outlook for fiscal 2021. More consumers have been turning to its at-home workout products and live-streamed classes, as they ditch their gym memberships amidst the pandemic.Peloton now expects this holiday quarter to be its first billion-dollar quarter for sales, while analysts had been calling for $939 million, based on a Refinitiv survey.- Advertisement – Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19).Ezra Shaw | Getty Images – Advertisement –center_img But the spike in demand, especially for its more expensive and newly released Bike+, means Peloton is hitting snags in its production facilities, and deliveries are being delayed. The company said Thursday it expects to be operating under supply constraints “for the foreseeable future.”Peloton shares fell around 6% in after-hours trading, having skyrocketed more than 343% this year. The stock closed had Thursday up nearly 7%. Peloton is seeing demand for its high-end exercise bikes and treadmills spike again, as Covid-19 cases are rising at a record clip in America, and consumers are hunkering down at home ahead of the winter months during the pandemic.“The recent spikes in Covid cases and newly imposed lockdowns in some of our markets have had a significant positive impact on sales,” Peloton CFO Jill Woodworth told analysts Thursday.The number of new daily coronavirus cases recorded in the U.S. surpassed 100,000 for the first time this week, according to a tally by Johns Hopkins University. In the U.S., some cities have imposed curfews or banned indoor dining. But there is a fear that if cases continue to rise at a brisk pace that further restrictions will be imposed.- Advertisement –last_img read more

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Gov. Wolf Announces $96 Million for Small Businesses Impacted by COVID-19

first_img SHARE Email Facebook Twitter August 10, 2020 Economy,  Press Release Application Period for Final Round of Funding Now Open Governor Tom Wolf today announced that $96 million in state grants have been awarded to 4,933 Pennsylvania small businesses that were impacted by the COVID-19 public health crisis and subsequent business closure order.Businesses in every Pennsylvania county received grants in this first of two rounds of funding, and 2,512 grants – or 51 percent – were awarded to historically disadvantaged businesses.“As we continue to address this public health crisis, it’s critical that we also focus on our state’s economic recovery and supporting our small businesses across the state, which continue to be impacted by our necessary mitigation efforts,” Gov. Wolf said. “This funding will go a long way to help small businesses, including historically disadvantaged businesses, at a time when they need it most.”The COVID-19 Relief Statewide Small Business Assistance funding was developed in partnership with state lawmakers and allocated through the state budget, which included $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, of which $225 million was earmarked for relief for small businesses.The Department of Community and Economic Development (DCED) distributed the funds to the Pennsylvania Community Development Financial Institutions (CDFIs), which are administering the grants through three programs: $100 million for the Main Street Business Revitalization Program, $100 million for the Historically Disadvantaged Business Revitalization Program, and $25 million for the Loan Payment Deferment and Loss Reserve Program.“The COVID-19 pandemic unexpectedly affected small businesses across the commonwealth, an unfortunate circumstance that could not have been predicted or prepared for,” said DCED Secretary Dennis Davin. “However, through the collective action of the Wolf Administration, the General Assembly, and the CDFI Network, Pennsylvania’s hardest hit and most at-risk businesses will be able to access the funding they need to shore up their resources and regain sound financial footing as we move into recovery.”The second and final round of funding is open starting today through 11:59 PM on Friday, August 28. Eligible applicants not awarded in the first round do not need to reapply and will be rolled into the next round for consideration. More information on the COVID-19 Relief Statewide Small Business Assistance Program, including how to apply, is available on DCED’s website.“The PA CDFI Network targeted these funds to reach the smallest and most vulnerable businesses across the state and we received an immense response with close to 50,000 applications submitted in the first round and more than $860 million in total requests,” said Daniel Betancourt, chairman of the PA CDFI Network and President & CEO of Community First Fund. “We are grateful to be part of this first step with Governor Wolf and the Pennsylvania Legislature to get much needed resources to the small businesses that have been so adversely impacted by the pandemic.”The grants may be used to cover operating expenses during the shutdown and transition to re-opening, and for technical assistance including training and guidance for business owners as they stabilize and relaunch their businesses.“These grants and the relief they will provide are testament to what we can do when we prioritize the right initiatives,” said state Sen. Vincent Hughes (D-Philadelphia, Montgomery), Democratic chairman of the Senate Appropriations Committee. “It is because of collaboration and a collective focus that today we were able to deliver help to the auto body shops, the barbershops, the beauticians, the pizza shop owners, the soul food establishments and other businesses across the commonwealth. It is critical to understand that there is still a great deal of need and must continue to direct resources and aid to our small business community to help it recover from the devastation of the pandemic.”“I could not be more proud or more grateful for the great work of DCED and Pennsylvania’s CDFI Network in delivering substantive, fair, equitable, need-based assistance to our state’s main street and historically disadvantaged small businesses. Our program design and the accountability it provides to taxpayers and to our federal funders is a model for the nation,” said state Sen. John Blake (D-Lackawanna, Luzerne, Monroe), Democratic chairman of the Senate Finance Committee. “I appeal to the US Congress and to our colleagues on both sides of the aisle in Harrisburg to recognize the success of this program in assisting small businesses devastated by the pandemic and to invest further in the program so we can help even more of them.”“Our business community has been severely impacted by the COVID-19 pandemic and is in need of immediate assistance. The grant program is targeted to help small businesses manage costs, handle expenses, and stay in operation in this exceptionally difficult time,” said state Sen. Jim Brewster (D-Allegheny, Westmoreland). “Since COVID struck our state and debilitated our business community, I have been advocating for bridge grants and sought millions in aid for impacted businesses and workers. The small business assistance grants are one of the tools we can use to bolster business, maintain jobs and help workers at a time of immense distress.”“For minority and women-owned businesses in Pennsylvania COVID-19 didn’t create a crisis, it laid bare the crisis our minority entrepreneurs have been facing for decades,” said state Rep. Jake Wheatley Jr (D-Allegheny), Democratic chairman of the House Finance Committee. “While I’m glad to see the positive impact of these grants and I urge all local community businesses to apply for the next round of grants, we need to expand investment in programs like this because it’s long past time for the legislature to address the systemic flaws that are leaving too many marginalized people behind.”“The burden that COVID-19 has put on business owners, employees and families in southeast Pennsylvania gets heavier every day,” said state Rep. Chris Sappey (D-Chester). “At this point, when we talk about addressing the pandemic, we must not only fight it with masks and social distancing, but we also must equally and strongly support our business community, where this fight for our health and safety actually is taking place. Commerce and industry must survive this virus, as well. Pennsylvania needs this aid now, and my office is eager to work with any business that needs help applying.”Ver esta página en español.center_img Gov. Wolf Announces $96 Million for Small Businesses Impacted by COVID-19last_img read more