Month: July 2020

Wilkins Says Pandemic Reveals Limits to Bank of Canada Policy

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(Bloomberg) — The Bank of Canada’s No. 2 official said one of the lessons of the current pandemic has been to highlight the limits of monetary policy “solving all problems” in a world of low interest rates, as the central bank studies potential changes to its 2% inflation target.

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Speaking at a workshop organized by the Bank of Canada on its mandate renewal next year, Senior Deputy Governor Carolyn Wilkins said the future challenges for central banking have become “crystal clear” in recent months as the world economy navigates the crisis — low interest rates diminish the central bank’s ability to combat future downturns, while also encouraging households to take excessive risks.

That means fiscal policy will need to play a significant role stimulating growth, Wilkins said. It also means regulatory policies need to step up to counter any buildup in financial vulnerabilities as the central bank keeps

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Liberis enables SaaS companies to embed financial products using its innovative Funding Platform

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DENVER, Aug. 26, 2020 /PRNewswire/ — Liberis, an international fintech that provides funding to small businesses, announced that its Funding Platform will be made available to a broader set of SaaS companies, empowering their product teams to easily embed financial services into their offerings.” data-reactid=”12″DENVER, Aug. 26, 2020 /PRNewswire/ — Liberis, an international fintech that provides funding to small businesses, announced that its Funding Platform will be made available to a broader set of SaaS companies, empowering their product teams to easily embed financial services into their offerings.

Europe through partnerships with large payment processors and SaaS companies. The fintech delivers white-labeled funding solutions to small businesses through its Funding Platform. The platform’s targeting algorithm helps determine the optimal messaging, timing, and channel to offer small businesses a range of products including loans, revenue-based funding, equipment financing, and government-backed loans.1 Liberis partners with multiple lenders and

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Central Florida-Based Personal Mini Storage Completes Expansion of Fanning Springs Self-Storage Location

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ORLANDO, Fla., Aug. 19, 2020 /PRNewswire/ — Central Florida-based Personal Mini Storage, a Participating Regional Operator (PRO) of National Storage Affiliates Trust, has announced the completion of an expansion at their Fanning Springs facility serving the greater Gainesville area.

Customer-focused improvements include the addition of 6,600 RSF and 44 new climate-controlled storage units ranging in size from 5×5 to 10×25 to meet the growing needs of the nearby communities of Fanning Springs, Chiefland, Old Town, and the greater Gainesville area.

“After completing a significant number of upgrades and capital investments since our December 2019 acquisition, we’re thrilled to be adding more units and improving the unit mix at our Personal Mini Storage Fanning Springs project,” said Marc Smith, President of Personal Mini Storage.

Located 1.5 miles south of Fanning Springs State Park at 16910 U.S. 19, the property offers convenient, storage options including easy

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Aruba SD-Branch Solution Helps Videotron Expand Key Business Services – Press Release

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SANTA CLARA, Calif.–(Business Wire)–Aruba, a Hewlett Packard Enterprise company (NYSE: HPE), today announced that it will provide Videotron, the leading communications provider for the vast majority of businesses in Quebec, with its SD-Branch solution. The solution will be used in conjunction with existing Aruba wireless service offerings to deliver Videotron’s enhanced guaranteed Internet business service.

Videotron will use Aruba’s SD-Branch solution, including the Aruba 9000 Series Gateways, to enable an improved version of its high-speed Guaranteed Internet Service. The Guaranteed Internet service delivers the reliability of a hybrid fiber connection, backed by a wireless LTE connection. The Aruba SD-Branch solution, including the next-generation Aruba gateways, will be used to deliver high performance connectivity, unlimited data transfer capacity, wireless back-up that is ideal for Videotron’s demanding business customers and extend corporate VPN access easily and securely to employees as they work from home.

Aruba’s access points, switches, and the MSP version

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Optus Bank Receives $50 Million in Deposit Funding from PayPal’s Economic Opportunity Fund

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COLUMBIA, S.C., Aug. 26, 2020 /PRNewswire/ — Optus Bank, today announced that it is the first bank to establish a relationship with PayPal as part of the payments company’s $530 million commitment to racial justice and economic opportunity. For nearly 100 years, Optus Bank has worked to dismantle structural racism and the disparities it causes by providing equal access to financial services and asset building opportunities.” data-reactid=”12″COLUMBIA, S.C., Aug. 26, 2020 /PRNewswire/ — Optus Bank, today announced that it is the first bank to establish a relationship with PayPal as part of the payments company’s $530 million commitment to racial justice and economic opportunity. For nearly 100 years, Optus Bank has worked to dismantle structural racism and the disparities it causes by providing equal access to financial services and asset building opportunities.

Dominik Mjartan, president and CEO, Optus Bank. “To address the racial inequities in this country,

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Trulieve Cannabis Corp (OTC:TCNNF) – Trulieve CEO Outlines Two Ways To Maintain Authentic Customer Relationships During COVID

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This special presentation from Trulieve comes from Benzinga’s Virtual Cannabis Capital Conference that took place on August 18. Click here for more coverage of this event with presentations from some of the top CEOs, investors and lenders in the cannabis space.

CEO of Trulieve Cannabis Corp. (CSE: TRUL)(OTCQX: TCNNF) Kim Rivers joined the Benzinga Cannabis Capital Conference to discuss how to continue delivering a positive customer experience during COVID-19.

Trulieve currently has 58 dispensaries nationwide with 56 locations open in the state of Florida. This is a state that is used to hurricanes so at the earliest beginnings of COVID, they got their preparedness team together to start planning across the entire organization. Clearly, this is a big effort. So even before all 56 stores were deemed essential, the Trulieve team asked themselves, ‘How can we, as a company, maintain our brand promises and relationships with our customers during this

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Mike Pompeo Calls Jerusalem the ‘Rightful Capital of the Jewish Homeland’

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Secretary of State Mike Pompeo called the city of Jerusalem the “rightful capital of the Jewish homeland,” referring to President Donald Trump’s earlier decision to move the U.S. embassy to the city.



Mike Pompeo wearing a suit and tie: Secretary of State Mike Pompeo presented pre-recorded remarks from Jerusalem during the Republican National Convention on Tuesday.

© Mandel Ngan/AFP/Getty
Secretary of State Mike Pompeo presented pre-recorded remarks from Jerusalem during the Republican National Convention on Tuesday.

Pompeo appeared at the Republican National Convention Tuesday night delivering a speech via a prerecorded video package that was taped in Jerusalem. During his remarks, Pompeo said that Trump’s America First policy had made the U.S. a safer place.

“It may not have made him popular in every foreign capital, but it’s worked,” Pompeo said.

Secretary Pompeo praised President Donald Trump’s foreign policy moves, including relocating the U.S. Embassy from Tel Aviv to Jerusalem. Pompeo referred to Jerusalem as “this very city of God” and “the rightful capital of the Jewish homeland.”

Some saw the move of the

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Local business services power equipment and customers: Olmsted Dates and Data

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OLMSTED FALLS, Ohio – Garry and Chris Thompson have seen many changes since opening their T & S Power Equipment shop 41 years ago.

One part of their Olmsted Falls business that has not changed, however, is the enjoyment of their customers — the people.

“The coolest part of the business is the retail side – the people. The friendships you make over the years,” Garry said. “You may only see them a few times or maybe just one time a year but being a local business you see them out in the community, too. That is real enjoyment.”

Garry and Chris grew up in Olmsted Falls. In fact, their son Bryan is a fourth generation Bulldog grad. Garry and Chris met in school and tied their marriage knot Feb. 24, 1979. That is the same year they opened T & S, which stands for Thompson and Shepard, the latter

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Altice USA to sell a big piece of Lightpath

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Following many months of speculation about the sale of its fiber-based, business services unit, Altice USA announced Tuesday it has agreed to sell 49.99% of its Lightpath unit to Morgan Stanley Infrastructure Partners (MSIP).

Altice USA will retain a 50.01% interest in Lightpath and maintain control of the company. The New York-based operator said the deal with MSIP carries an implied enterprise value of $3.2 billion – Altice USA will receive total gross cash proceeds of about $2.3 billion from the sale and related financing activity (net cash proceeds of $1.1 billion after-tax and initial debt repayment). The deal with MSIP is expected to close in the fourth quarter of 2020.

Roughly 18 months ago when speculation surfaced that Lightpath was being shopped, analysts at Cowen & Co. suggested that a transaction involving the unit could draw interest from an infrastructure fund and bring in as much as $3 billion

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No funds available: Depositors at India’s PMC Bank survive on loans, charity

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MUMBAI/NEW DELHI (Reuters) – In February, 82-year-old Kishan Lal appealed to India’s finance minister for help, saying in a Twitter message he was ready to donate his kidney and eyes if someone could help arrange funds to treat his daughter, who had a brain tumour.

Kishan Lal, 82, poses for a photograph inside his house in Mumbai, India, August 19, 2020. REUTERS/Hemanshi Kamani

The Lals had enough savings to tide over the medical crisis – more than 2.5 million rupees ($33,450) in Punjab & Maharashtra Co-operative (PMC) Bank. But withdrawals were capped at 50,000 rupees from each account at the time because authorities were investigating fraud at PMC.

The withdrawal cap is now at 100,000 rupees per depositor.

“I just borrowed money from wherever I could, I had to save my daughter,” said Lal. “If I had access to my own money, I’d not have been ashamed.”

The Reserve Bank

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