The Current State Of The Hotel Industry Isn’t ‘Sustainable’ Without Government Funding, CEO Says

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The American hotel industry could be on the brink of collapse with as much as two-thirds of the nation’s hotels set to shutter in six months without financial help from the government and millions of industry workers laid off, a situation CEO of Best Western Hotels David Kong told CNBC on Monday was “not sustainable.”

Key Facts

Hotels have been the victim of a devastating one-two punch from the coronavirus pandemic, with forced closures leading to massive layoffs, and a sharp decline in bookings with travelers afraid checking in might mean contracting the virus.

“It’s really hard to say when a recovery is going to be. This situation we are in now, it’s not sustainable. It’s really bad,” Kong, who recently spoke with both the White House and Congressional Democrats about stimulus funding, told CNBC.

Kong noted the

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Royal Society report urges mental-health funding hikes

A new Royal Society of Canada report urges governments to prioritize keeping schools open and be prepared with more mental-health support for Canadians if a spike in COVID-19 cases leads to another lockdown.

The wide-ranging report also calls for a larger chunk of health dollars to go toward mental-health care, as well as increased public funding for psychotherapy, with a particular focus on virtual care to improve access in more remote parts of the country.

To prepare for the next pandemic or national emergency, the report recommends that Ottawa create a national task force to study how to prevent mental illness and boost resilience.

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“COVID-19 brings with it a triple threat,” write the authors, a national task force of health care and academic experts. The social and economic consequences of the pandemic have meant that just as the population’s need for help with mental illness and

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‘Self-eating rocket’ tech snags funding from UK government

The U.K. government aims to spur the development of rockets that gobble themselves up on the way to orbit.



a field of grass: Artist's illustration of the planned spaceport in Sutherland, Scotland, that will be used for vertically launched rockets. Some of those rockets may consume themselves as they fly, if development of a "self-eating" rocket engine goes well.


© Provided by Space
Artist’s illustration of the planned spaceport in Sutherland, Scotland, that will be used for vertically launched rockets. Some of those rockets may consume themselves as they fly, if development of a “self-eating” rocket engine goes well.

The Ministry of Defence’s Defence & Security Accelerator (DASA) has pledged £90,000 — about $117,000 USD at current exchange rates — for the continued development of the “autophage” rocket engine, which is being built by researchers at the University of Glasgow in Scotland.

The tech is a great fit for small rockets “because scaling down a rocket reduces the mass of the propellant more than it reduces the mass of all the other components, including the tanks that hold the propellant itself,” Patrick Harkness, of the University of Glasgow’s James Watt

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Morrison government to spend $1.6bn funding at-home care for older Australians

The Morrison government says it will fund 23,000 new packages for older Australians waiting to receive at home care, at a cost of $1.6bn.



a person sitting on a bed: Photograph: Yui Mok/PA


© Provided by The Guardian
Photograph: Yui Mok/PA

Tuesday’s budget increases the number of approved home care packages available over the next four years in response to both the aged care royal commission and the Covid-19 pandemic.

The interim report of the royal commission found the government needed to act urgently to reduce waiting times for older Australians seeking in-home support.

For the past two years, more than 100,000 Australians have been on wait lists for approved home care packages, with tens of thousands entering residential care prematurely as a result.

Related: How much will I get from the 2020 federal budget tax cuts? More if you earn over $100,000

The government has been under pressure over its aged care response during the pandemic. There have

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Morrison government to spend $1.6bn funding at-home care for older Australians | Australia news

The Morrison government says it will fund 23,000 new packages for older Australians waiting to receive at home care, at a cost of $1.6bn.

Tuesday’s budget increases the number of approved home care packages available over the next four years in response to both the aged care royal commission and the Covid-19 pandemic.

The interim report of the royal commission found the government needed to act urgently to reduce waiting times for older Australians seeking in-home support.

For the past two years, more than 100,000 Australians have been on wait lists for approved home care packages, with tens of thousands entering residential care prematurely as a result.

The government has been under pressure over its aged care response during the pandemic. There have been more than 670 deaths nationally in aged care facilities, more than 640 of those in Victoria, and older Australians have been left to languish in soiled

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Reliant Funding Partners with American Cancer Society to Support Breast Cancer Awareness

SAN DIEGO, Oct. 1, 2020 /PRNewswire/ — Reliant Funding, a leading small business finance provider, announces its most recent dual benefit program.  Combining access to funding for American Small Businesses and charitable giving.  This program will raise funds for the American Cancer Society, Making Strides Against Breast Cancer. For every new small business client that receives funding, the company will donate $100 to the American Cancer Society to combat breast cancer.

“We work to do everything possible to support both small businesses and organizations dedicated to bettering our public health, now more than ever this is of utmost importance,” said CEO of Reliant Funding, Adam Stettner. “This initiative will provide funding for SMBs in need of capital and aid the ACS in their research and assistance for patients in need of care.”

Reliant Funding is dedicated to providing short-term funding to SMBs in a variety of industries from

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Trump signs temporary government funding bill, averting shutdown

President Trump has signed a bill to fund the government through Dec. 11, averting the possibility of a government shutdown when the new fiscal year starts Thursday.

Trump signed the bill, which was approved by sweeping bipartisan agreement Wednesday, into law early Thursday morning shortly after returning from campaigning in Minnesota.

The temporary extension will set the stage for a lame-duck session of Congress later this year, where the agenda will be largely determined by the outcome of the presidential election.

The measure would keep the government running through Dec. 11 and passed by a 84-10 vote. The House passed the bill last week.

The stopgap spending bill is required because the GOP-controlled Senate has not acted on any of the 12 annual spending bills that fund the 30% of the government’s budget that is passed by Congress each year. If Democratic nominee Joe Biden wins the White House in

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Trump Signs Stopgap Funding Bill to Avert a Government Shutdown

(Bloomberg) — President Donald Trump signed stopgap spending legislation early Thursday to avert a government shutdown weeks before the presidential election, the White House said.



Donald Trump wearing a suit and tie


© Photographer: Tasos Katopodis/UPI/Bloomberg
Donald Trump

The spending authority of the U.S. had lapsed at midnight. The White House announced that he had signed the bill shortly after he returned from a campaign trip to Minnesota.

The bill will keep the government operating through Dec. 11 at current spending levels. The Senate on Wednesday approved the bill, which easily passed the House last week.

Congressional Democrats and Republicans, along with White House officials, last week removed the final stumbling block, by agreeing to provide aid to farmers and more food assistance for low-income families.

The bill provides as much as $30 billion for the Department of Agriculture’s Commodity Credit Corp., which the administration has used to send virus relief payments to farmers. Democrats got

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Trump signs temporary government funding bill

WASHINGTON (AP) — President Donald Trump has signed a bill to fund the government through Dec. 11, averting the possibility of a government shutdown when the new fiscal year starts Thursday.

Trump signed the bill, which was approved by sweeping bipartisan agreement Wednesday, into law early Thursday morning shortly after returning from campaigning in Minnesota.

The temporary extension will set the stage for a lame-duck session of Congress later this year, where the agenda will be largely determined by the outcome of the presidential election.

The measure would keep the government running through Dec. 11 and passed by a 84-10 vote. The House passed the bill last week.


The stopgap spending bill is required because the GOP-controlled Senate has not acted on any of the 12 annual spending bills that fund the 30% of the government’s budget that is passed by Congress each year. If Democratic nominee Joe Biden wins

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Senate passes stopgap funding measure to avoid government shutdown

The Senate passed a resolution with broad bipartisan support Wednesday to fund the government through Dec. 11, averting the possibility of a shutdown before the new fiscal year begins at midnight.



a man wearing a suit and tie


© Provided by NBC News


Trump, who was holding a re-election rally in Minnesota, was expected to sign the measure when he returned to the White House. The stopgap measure passed by an 84-10 vote in the Republican-controlled Senate. The Democratic-controlled House passed the legislation, known as a continuing resolution, last week on a 359-57 vote.

The legislation includes a bailout for farmers — which Trump and Republicans fought to include — in exchange for boosts in funding for nutrition benefits for poor families requested by Democrats. It also continues to fund various parts of the federal government.

Farming and food benefits for poor families appeared to be the only coronavirus-related items included in the resolution as top

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