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In the midst of an economic downtown, small businesses had to figure out how to stay afloat. The website fundBLACKfounders launched earlier this year, and is providing a platform to help small businesses that are in need, or are looking to launch.“We offer a boutique movie-going entertainment experience,” Kendra Tucker explained. She helps run Next Act Entertainment. The idea for the Maryland business started in 2018, in part with co-owner Anthony Fykes.“2019 we opened up the theater. We took up a 1938 Art Deco theater right outside of Baltimore,” Fykes explained. “And we basically renovated it.”Then COVID-19 hit, forcing businesses like movie theaters to close temporarily.“During this time we knew that we just needed to survive as most small businesses do, and we had a lot of guests that were asking us about, How can we support you?'” Fykes said.For some businesses, closures weren’t temporary. A study out of Stanford University showed the drop in business owners from February to April 2020 was the largest on record, and black-owned businesses saw a 41 percent drop.So Fykes looked for help. “I basically just did a Google search and I found Renee, and the platform looked legit,” he said.He had come across fundBLACKfounders, a crowdfunding platform.“We were super nervous at first around even doing something like this. We were like, how are we going to be perceived, are our guests going to think we’re going belly up?,” Fykes said.“What I noticed with crowdfunding is that not a lot of African Americans were using it for ownership or for building businesses or startups,” Renee King said. She started fundBLACKfounders. She said anyone can start a campaign on the platform -- but unlike other crowdfunding sites, fundBLACKfounders coaches businesses through the process, and gives founders flexibility. The platform takes five percent commission on funds earned.“They can raise or lower their goal amount,” King explained. “As the money starts to come in and our merchant account clears it, the money goes straight to the founder.”“Starting in the end of January 2020 through now, we’ve raised over ,000…for 12 black entrepreneurs,” she said.For Next Act, the platform provided a way for the community to help.“It’s success is really built on the strength of the community that supports it, and fundBLACKfounders, it matches the type of strength and support that we get from our community,” Tucker said.For other companies like Saraa Green’s startup, the platform gives her a way to get an idea going. “We initially wanted to raise capital for our business to bring our tool out into the market,” she said.Her product is called The Braid Releaser. “My mom had to take out our braids and take down our braids and that would take hours, and the tools that she was currently using really wasn't doing its job,” Green explained. “She wanted to create a tool that would decrease the time in taking down braids, that is comfortable to use, and that essentially reduces the hair loss during the process.”That’s when she met Renee King. “I did not want my mother's dream to just come to an end because of this pandemic,” Green said.Nearly eight in 10 small businesses are now fully or partially open as of June, according to a poll by the U.S. Chamber of Commerce.“What's good is this is actually helping us think through how do we flex into the entertainment part of our business,” Tucker said. Next Act has expanded to become a broader entertainment space, and is even being used for private events to help stay in business.As fundBLACKfounders grows, King wants the platform to help connect businesses to their communities.“We need to start helping black entrepreneurs a little bit more, and getting them more funding so that they can scale the solutions they need for their communities or they need for the world in general,” King said. 3864

In the most direct confrontation between Israel and Iran to date, the two regional enemies exchanged fire for hours during a volatile night in the Golan Heights.The extended barrage of fire comes amid soaring tensions between Israel and Iran, two rivals battling for regional influence, and less than two days after the United States withdrew from the deal to curb Iran's nuclear program.Israel said more than 20 rockets were launched by Iranian forces in Syria towards Israeli-claimed territory late Wednesday, often criss-crossing across the clear night skies. A number of those rockets were intercepted by Israel's Iron Dome aerial defense system, resulting in bright and sudden explosions.Iran's leaders have not yet issued a response to the Israeli accusations or the military strikes, but if confirmed it would be the first time Iranian forces have fired rockets directly at Israeli forces.Israel retaliated with what appeared to be surface-to-surface missiles, and Syrian anti-aircraft batteries hosed the sky with fire in an effort to intercept them. Thunderclaps of Israeli artillery fire reverberated across the frontier between Syria and Israel, with the faint sound of impact echoing back moments later.All night, drones buzzed overhead, heard but not seen in the darkness.In a statement delivered shortly after midnight Thursday, a spokesman for the Israel Defense Forces pinned the blame for the rocket fire on the Quds Force, an elite division of Iran's Revolutionary Guard, which has forces in Syria and is often seen as the face of Iran's regional ambitions.Lt. Col. Jonathan Conricus said the rockets, which were targeted at front-line Israeli military positions in the Golan Heights, were all either downed by aerial defense systems or fell short and landed in Syria.Conricus said Israel responded by successfully hitting dozens of Iranian targets in Syria in what he described as "the largest operation against Iranian targets" in years."Israel has hit almost all of Iran's infrastructure in Syria," Defense Minister Avigdor Liberman said Thursday morning. "If it will rain in Israel, there will be a biblical flood on the other side." He reiterated Israel's stance that this latest offensive was not an ongoing operation."This is not a vast victory or the battle of Stalingrad. It's limited to us and the Quds force in Syria," Liberman said.On Wednesday night, state-run Sana TV, in southern Syria, carried reports that Israel had fired several missiles at the city of Baath in Quneitra, none of which resulted in casualties.A short time later, Syrian state-run media reported that while dozens of "hostile" Israeli missiles had been intercepted in Syrian airspace, at least two others had hit an ammunition depot and destroyed a radar site.The targets included rocket launchers, intelligence posts, military command posts, and weapons depots. No Israeli fighter jets were hit in the strikes, but Conricus said they came under heavy anti-aircraft fire. He added that "ground assets were also used to strike into Syria." 3048

It appears another week on Capitol Hill will come to a close without any sort of agreement on another stimulus plan. The US Senate adjourned on Thursday for the weekend, and won't resume until Monday.While Congressional Democrats, Senate Republicans and the White House are largely in agreement on the need for a stimulus, agreeing to a framework remains in question. The two sides are at odds over how much of unemployment should be supplemented by the federal government. There is also a debate on offering businesses liability protection from coronavirus-related lawsuits.On Thursday, House Speaker Nancy Pelosi said Democrats won’t back down from their request to have a 0 weekly unemployment supplement.“We're not having a short-term extension... We have said that we're going to have the 0,” Pelosi said.But what about criticism from Republicans that a 0 a week supplement to unemployment is more lucrative than working?“There are all kinds of reasons that weigh in on this pandemic,” Pelosi said. “People have to stay home if their children are not able to go to school or if they don't have childcare. There are a number of reasons. But none of them is 'I want to stay home because I make more money this way than other', maybe some of these employers could pay their workers more."Meanwhile at the White House, President Donald Trump said he is ready to take action on a few items via executive order if need be. With a federal student loan freeze set to lift in eight weeks, and eviction protection ending last week, Trump tweeted, “I’ve notified my staff to continue working on an Executive Order with respect to Payroll Tax Cut, Eviction Protections, Unemployment Extensions, and Student Loan Repayment Options” 1740

It has been 11 years since the federal minimum wage has increased, and Congress is weighing if now is the time to give minimum wage employees a raise.One economist cautions that now might not be the best time.“The big problem then is if you fundamentally raise the cost of their labor by raising the federal minimum wage in states where that will have an impact, then you’re further increasing the businesses’ cost,” said Ryan Bourne, economist from the Kato Institute. “Which is likely to make more businesses fail and actually result in fewer jobs being available for low-wage workers.”According to the Cato Institute, 29 states and the District of Columbia have minimum wages that are above the federal minimum of .25.“This seems to be a particularly bad time to raise the cost of hiring people by having a higher hourly wage rate,” Bourne said. “It might deter some of the adjustment we need to live with this virus.”But fellow economist Ben Zipperer of the Economic Policy Institute disagrees with Bourne’s assessment.“That kind of concern has always been raised when we’re talking about the minimum wage, and it doesn’t seem to actually play out in reality,” Zipperer said.Zipperer argues that raising the minimum wage could boost economic activity. He added that a minimum wage hike, while not a panacea, would put the economy in the right direction.“Giving people more money to have more money to spend, that’s probably one of the most effective policies to have during a kind of depression,” he said. 1519

Investigators are trying to determine whether an explosion early Tuesday at a FedEx facility outside San Antonio is connected to four explosions that have rattled the Austin, Texas, area this month.The most recent blast happened inside a FedEx facility in Schertz, Texas, FBI San Antonio spokeswoman Michelle Lee said. Schertz is a San Antonio suburb that is roughly an hour's drive southwest of Austin.One FedEx team member suffered minor injuries when a "single package exploded" at the ground sorting facility, company spokesman Jim McCluskey said Tuesday in a statement. An ATF spokeswoman earlier had said no injuries were reported."We are not providing any additional specific information about this package at this time," McCluskey said.Based on preliminary information gathered at the scene, Lee said there could be a connection with the four Austin explosions, which killed two people and injured four others over 17 days starting March 2. 956