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Wesfarmers loses $ 1 billion in UK Homebase deal

An untimely bet on UK retail cost a major Australian company $ 1 billion. Wesfarmers (WFAFF) noted She was selling UK home improvement chain Homebase on Friday at a huge loss, just over two years after buying it. Wesfarmers – which owns supermarkets, hotels and chemical factories – paid £ 340million (around $ 470million at the time) for Homebase in ...

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Ontario Liberals drop over $ 40 million fund that failed to stem loss of nurses

Breadcrumb Links New Canada Over the 10 years of the fund, it paid more than $ 6 million in expenses – more than ten times what was paid to save nursing jobs Author of the article: Postmedia Network Veronica Henri / Postmedia Network Content of the article Ontario Liberals were forced to abandon a fund of more than $ 40 ...

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Pelosi digs as pressure mounts for COVID-19 deal

Speaker Nancy PelosiNancy PelosiBiden travels to Michigan to promote agenda amid internal Democratic feuds Schumer sets one-month goal to pass two Christie spending bills: 2020 Joe Biden “is now officially dead and buried.” MORE (D-Calif.) Stands firm on Democrats’ demands for broad COVID-19 relief, ignoring mounting pressure from Republicans in the Senate and a small but vocal group of moderate ...

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The infrastructure package makes the web wellness program permanent

(Kritchanut / Getty Images) The bipartite infrastructure package details published last Friday suggested that the Web wellness program buried deep in second COVID relief bill would be expanded and transformed from an “emergency” benefit program to a regular social assistance program. Now that we have the legislative text, we can see how it will actually work. At page 2 170 ...

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Texas Gov. Greg Abbott vows to reimburse Legislature after Bill’s vote fails

Subscribe to the news, our daily newsletter that keeps readers up to date with Texas’ most essential news. Gov. Greg Abbott said Monday he would veto the section of the state budget that funds the legislature hours after a Democratic walkout killed his priority elections bill. “No salary for those who abandon their responsibilities”, Abbott said in a tweet. “Stay ...

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To block voting bills, Texas Democrats put bail bills at risk, other measures

Subscribe to the news, our daily newsletter that keeps readers up to date with Texas’ most essential news. When the Texas House Democrats missed city monday in an attempt to prevent the passage of a GOP priority bill on voting restrictions, they also jeopardized a host of other divisive Republican measures that were due to be passed in the special ...

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Savings Warning: Retirees Facing Emergency ‘Cash Flow’ – Calculate What They Need Now | Personal Finances | Finance

Ms Coles continued: ‘The emergency savings gap is not just a problem for low-income people: 23% of households earning more than £ 100,000 a year say they could not cover their expenses essential for three months. “This may be partly due to the tendency for spending to increase to fill available cash, so there’s nothing left to save. If you ...

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Vaccines, stocks, travel: your Monday evening briefing

(Want to receive this newsletter in your inbox? Here is registration.) Have a good evening. Here is the last Monday at the end of the day. 1. A further step towards immunization of young children. The Pfizer-BioNTech coronavirus vaccine has been shown to be safe and very effective in children 5 to 11 years old, the companies said. They plan ...

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Price controls always do the opposite of what they intend to do. Ministers must learn to let them go

During Muhammad’s exile in Medina, there was a famine – a fairly common occurrence in 7th century Arabia. As food prices skyrocketed, community leaders approached the Prophet, asking him to order traders to make their products affordable. Mohammed refused, telling the delegation that the prices were in God’s hands. As a businessman, he understood what happens when prices are artificially ...

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Bringing a mortal sculpture by Michelangelo back to life

FLORENCE, Italy – Michelangelo was an old man when he started working on a sculpture he was considering for an altar for his own tomb: it was a marble Pietà, representing Jesus supported by the Virgin Mary, Saint Mary Magdalene and the Pharisee Nicodemus, whose face is a barely engraved self-portrait of the aging artist. Michelangelo worked on the project ...

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