These are the states that accepted Trump’s offer for $300 enhanced unemployment benefits

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President Donald Trump signed a memorandum earlier this month that grants $300 enhanced weekly unemployment benefits to out-of-work if their state opts into the program.

As of Tuesday, seven states have been approved to send out $300 per week in federal funds on top of regular unemployment benefits, according to the Federal Emergency Management Agency (FEMA).

States that have been approved

  • Arizona
  • Colorado
  • Iowa
  • Louisiana
  • Missouri
  • New Mexico
  • Utah

Meanwhile, South Dakota became the first state to turn down the offer, citing a strong economic rebound and no need for the additional aid. The June unemployment rate in South Dakota was 7.2%, compared a 11.1% national jobless rate. FEMA has yet to announce the status of the remaining 42 states.

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View: Nothing wrong in reviewing trade pacts

View: Nothing wrong in reviewing trade pactsCan one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the agreement: how substantial is the agreement? How deep is its coverage? Arelarge chunks of the trade basket left out because of negative lists?

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American Express just bought most of online upstart Kabbage

American Express is acquiring the teams and technology behind the online lender Kabbage as the credit-card giant seeks to provide more loans and other services to small-business owners.

Details of the acquisition talks emerged last week, and AmEx said Monday in a statement that the deal won’t include Kabbage’s pre-existing loan portfolio. Those loans, including ones tied to the federal government’s Paycheck Protection Program, will be managed and retained by a dedicated entity when the deal is completed, AmEx said. It didn’t disclose other terms of the transaction.

AmEx has been encouraging its credit-card customers to borrow more on its products, and is now bringing that strategy to its small-business unit. Already the largest credit-card issuer in that sector, AmEx will use the deal to offer more cash-flow management tools and working-capital products to mom and pop operations.

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Taxpayers need not disclose high-value transactions in ITR

Officials clarified that only third parties would report high-value transactions to the income tax department as per the Income Tax Act. The information would be used to identify people who are not paying up due taxes, and not for examining affairs of honest taxpayers, they said.

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The one major metric missing from ‘Best Hospital’ rankings

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When it comes to “Best Hospital” rankings, there’s one key metric that’s historically been missing from the equation: equity.

Kyu Rhee, IBM vice president and chief health officer, said that in a study the company conducted comparing all of the rankings—including IBM’s own—there were no individual measures that considered the work hospitals do to mitigate disparities in care and outcomes. 

But that could soon change. COVID-19 is shining a light not just on infectious disease but also mental illness, chronic illness, and inequities, Rhee said. “This is a visibility moment,” Rhee explained during a Fortune Brainstorm Health virtual conversation on Thursday. These issues are “becoming more accentuated with COVID,” making this a key moment to rethink and reinvent hospital and health systems and “what measures matter,” he … Read the rest

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