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Business and Economic News

Money in the bank: Child tax credit dollars head to parents

Money in the bank: Child tax credit dollars head to parents

The U.S. government is starting to deposit child tax credit money into the accounts of more than 35 million families. President Joe Biden has expanded the credit for one year as part of coronavirus relief. The result is that most families will now qualify for monthly payments of as much as $300 per child beginning Thursday.
by The Associated Press

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Interest in off-roading, boating explodes during pandemic

Interest in off-roading, boating explodes during pandemic

People who make and sell motorized recreational equipment from boats to four-wheelers and other all-terrain vehicles say they’re having difficulty keeping up with demand. They say the pandemic-related desire for outdoor activities has fueled growing interest in what are called “power sports.”
by Mark Zdechlik

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Why remote work might not revolutionize where we work

Why remote work might not revolutionize where we work

Apple joins the ranks of tech firms freeing many employees from Silicon Valley offices. What this might mean for the geography of the American economy.
by Greg Rosalsky

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Billionaire Richard Branson reaches space in his own ship

Billionaire Richard Branson reaches space in his own ship

Swashbuckling entrepreneur Richard Branson hurtled into space aboard his own winged rocket ship Sunday in his boldest adventure yet, beating out fellow billionaire Jeff Bezos.
by The Associated Press

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Minnesota will get $50M in Purdue Pharma settlement

Minnesota will get $50M in Purdue Pharma settlement

State Attorney General Keith Ellison said the settlement money, paid out over nine years, will be overseen by the state’s opioid epidemic response advisory council and will be used for addiction prevention, treatment and recovery.
by Elizabeth Shockman and The Associated Press

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