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Banks were once the only playground in town for small businesses looking to open accounts, obtain loans, and listen to advice on managing cash flow. Luke Voiles, CEO of Embedded Solutions FinTech Pipe, told Karen Webster that the point of exchange for capital and credit is at the bank branch, where small and medium-sized businesses manage their back-office from matching with customers. That’s especially true, he said, because banks don’t pay any attention to small businesses, which are defined by banks as companies with $25 million in sales. This poses some pain points for Pipe’s “Capital-as-a-Service” business, which is built…

With an aging population and a decline in U.S.-born workers, Pennsylvania will soon need a new workforce to maintain its economic health. Immigrants play a vital role in meeting these needs, according to a recent report from workforce development nonprofit Upwardly Global and the American Immigration Council.The report analyzes 2022 data across multiple states in the Great Lakes region and finds that immigrants make significant contributions to the revitalization of states like Pennsylvania and are essential to the region’s recovery and long-term economic growth. We concluded that there is a possibility. And local advocates say immigrants already play a big…

Investing.com – “While the official agenda revolved around slowing economic growth, rising debt, and international conflicts, attendees were particularly excited about Trump, given his proposals for tariffs, tax cuts, and increased debt issuance.” Much attention has been paid to the potential consequences of the return of measures that could generate significant economic consequences. IG market analyst Sergio Avila analyzes Donald Trump’s possible return as US president, raising notable concerns among world economic leaders who met in Washington last week. That’s what he says. Annual Meetings of the International Monetary Fund (IMF) and the World Bank. “Mr. Trump’s rise in the…

A pedophile who made thousands of pounds by creating child abuse images using AI and real photos of children has been jailed for 18 years in a landmark case.Hugh Nelson used a 3D character generator to transform non-explicit photos of ordinary children into child abuse images before selling them on internet forums used by artists.People who knew the real-life children sent in images of them from 27 years ago.Mr Nelson, from Bolton, will charge the pedophile network £80 for a new ‘character’. It then cost £10 per image to animate the images in different explicit positions.Nelson admits he made around…

Images of homes that collapsed under mudslides or falling trees, waterlogged farms, and debris-filled roads drove home (yes, home!) to me recently the impact of Hurricane Helene on rural areas in the southeastern United States. That hurricane and the no-less-devastating Hurricane Milton that followed it only exacerbated already existing underlying problems for rural America. Those would include federal insurance programs that prioritize rising sea levels over flooding from heavy rainfall, deepening poverty, and unequal access to private home insurance — issues, in other words, faced by poor inland farming communities. And for millions of rural Americans impacted by Helene, don’t forget limited access to healthcare services, widespread electricity outages, and of course, difficulty getting to the ballot…

London CNN — A former prosecutor takes over a political party in turmoil, promises to turn the page on a time of political turmoil, and storms to a once-unthinkable electoral victory. It’s a strategy that Vice President Kamala Harris hopes to take with her to the White House. And it’s already working: In the UK, Labor’s Keir Starmer won an election in July that ended 14 years of Conservative government. The official statement from the Starmer government has been unwavering: London will work constructively with whoever wins the presidential election. But sources say they see similarities in the careers, ideologies…

JPMorgan’s co-head of infrastructure in its financial advisory group and MUFG’s head of Latin America project finance will speak at the Latin Lawyers’ Project Finance Conference in New York next month. The event, co-chaired by Matos Filho partner Pablo Sorge and Milbank’s Carolina Walther Meade, will be held on November 19th at Milbank’s New York office.JP Morgan’s Fuato Sabas was announced as a speaker along with MUFG’s Tatiana Preta.Sagar Khodabakhsh, head of legal affairs at international asset management group Allianz Global Investors, will also speak at the event. Abraham Prada, principal at Apollo Global Management, will also appear as a…

As the 2024 presidential election approaches, high-profile lawyers representing Big Tech clients are co-hosting a series of blue-chip fundraising events for the Kamala Harris campaign, but antitrust watchdogs They are raising voices of criticism. Last Thursday, a group of “Harris Antitrust Lawyers and Economists” held a virtual fundraiser featuring an appearance by former U.S. Assistant Attorney General Vanita Gupta. Ticket prices ranged up to $6,600, according to a copy of the invitation obtained by the newspaper. Notable co-hosts include Daniel Bitton, a partner at San Francisco-based law firm Axin, who is defending Google in the Biden-Harris Justice Department lawsuit targeting…

Republican presidential candidate Donald Trump will use one of the biggest stages in the nation’s largest city on Sunday to make one final swing in his fierce 2024 race for the White House.Holding a flashy campaign event at Madison Square Garden, a venue that bills itself as “the world’s most famous arena,” is typical of President Trump. It’s another classic Trump-style strategic decision, and as the clock ticks toward Election Day on Nov. 5, why would the former president devote his limited time and resources to seemingly safe Democratic states? This is disconcerting for experienced political types who question the…

This small AI software company needs to prove that it can grow in the shadow of larger competitors. Lumen Technologies was one of the biggest comeback stories of 2024. The struggling telecom company’s stock price fell below $1 in June as investors spooked at the slow demise of the business wireline sector. However, it has skyrocketed to around $6 over the past four months as it has won some major AI deals. Microsoft largely rescued Lumen by signing an artificial intelligence (AI) connectivity deal to upgrade its cloud infrastructure in Azure. Lumen said it had secured $5 billion in new…