economy

Small businesses are hit with back-rent requests due to high inflation

The rent is due for small American businesses and at a very inopportune time. Landlords have been lenient on rent payments during the first two years of the pandemic. Now, many are asking for the back rent, and some are increasing their current rent as well. Meanwhile, most of the government aid programs that helped …

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Shimao, a large Shanghai real estate developer, defaults on debt

The Shanghai-based Shimao Group failed to pay interest and principal on a $ 1 billion bond due Sunday, according to a company that applied to the Hong Kong stock exchange. The bond had no grace period for the principal, according to his bidding document. China’s real estate sector has gone from one crisis to the …

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‘Going to Eat It’: Rane Culinary Science Center Will Offer Community Food and Accommodation, as well as Student Training | Local news

BROWN TRICCIO The Tony and Libba Rane Culinary Science Center is expected to open when Auburn students return for the fall semester on August 16. The facility includes the Hey Day Market and the rooftop lounge and gardens, which will open on August 15th. The teaching restaurant, 1856, will open on August 17, while The …

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UGA’s alum blends fashion and convenience with the embroidery industry | Arts & Culture

In early 2020, the COVID-19 pandemic disrupted almost every aspect of Laura Floyd’s life. Now a former alum of the University of Georgia, her income from her part-time work in music venues during school in Athens has been cut off. Revisiting a passion for embroidery that she discovered in high school, Floyd used his free …

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Study: Teenager Cannabis Use Increased, Mental Health Declined in States with Less Legal Restrictions | National

(The Center Square) – States that have legalized marijuana have seen increasingly potent THC products and an increase in mental health problems among teens, a newly published national study reports. The Drug Free America Foundation is the author of the study, first given to The Center Square, which reports “an association between the use of …

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Tourism in the Lynchburg area rebounds after being hit hard by COVID | Local business news

Tourism in the Lynchburg region appears to be picking up after the last two years of the coronavirus pandemic. Although Lynchburg has not yet received the official tourism numbers for 2021, Anna Bentson, deputy director of the Office of Economic Development & Tourism, was able to talk about how Hill City fared last year. “Obviously, …

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