Edinburg launches fourth round of COVID relief for small businesses
The city of Edinburg rolled out a fourth round of their small-business stimulus program meant to financially assist businesses that have been negatively affected by the COVID-19 pandemic. Applications are now being accepted for the Stimulus Program Aimed at Recovery, or SPARC, which was created by the city and the Edinburg Economic Development Corporation. SPARC’s fourth round is offering two types of relief programs — a facade improvement program and a home-based business program, according to a news release issued by the city. The facade improvement program will provide up to $10,000 for locally owned businesses to “improve and beautify” their businesses through improvements such as paint, signage, minor window repairs and outdoor patios. Businesses approved for the facade home improvement program must have their projects completed by Oct. 1.myrgv.com
55-year-old woman makes ‘miraculous’ COVID-19 recovery after being hospitalized for months
One woman is making miraculous strides in her recovery after battling COVID-19. However, Garcia’s body started to make a comeback. After five and a half months, at the PAM Rehabilitation Hospital of Humble, where Garcia did physical therapy, doctors said Garcia was well enough to be released. Joyful with the family,” Garcia said. AdWhile Garcia is still recovering day by day, her family believes she will get stronger every day.
IMF warns of ‘sharp adjustment’ in financial markets despite 'remarkable' recovery this year
Equity markets could tank in the coming months if the coronavirus crisis persists and the economic recovery takes longer than expected to materialize, the International Monetary Fund warned on Tuesday. Stock markets have come off their September lows and are broadly higher year to date. However, he warned that if the economic recovery was delayed, "investor optimism may wane." "As long as investors believe that markets will continue to benefit from policy support, asset valuations may stay elevated for some time. Nonetheless, and especially if the economic recovery is delayed, there is a risk of a sharp adjustment in asset prices or periodic bouts of volatility," Adrian wrote.cnbc.com
Neighbors helping neighbors recover, clean up after Laura in Louisiana
LAKE CHARLES – Without power and low accessibility to gas and other essentials, residents in Lake Charles and surrounding communities band together as they begin the long road to recovery. Nearly every street in Lake Charles shows the devastation of Hurricane Laura, which stormed through Wednesday night. However, residents and volunteers, coming from as far as Texas, came together to help families clean up their homes and businesses littered with debris. While one local man cooked food for anyone in need.
Residents living in homes impacted by explosion still displaced, city engineers expected to assess damages
Heap's sister-in-law Carole Goff is among the hundreds of people whose homes were severely impacted by the explosion at Watson Grinding and Manufacturing Friday morning. Like many residents who live in the Spring Branch area, Goff woke up that morning to a loud blast. Goff said the city is sending engineers to her home and others nearby to inform them of the status of their property. An informational meeting for impacted residents will be held on Sunday at 1:30 p.m. at Kamins Motorcars at 4314 Steffani Lane. Speakers at the meeting will discuss how to navigate the insurance and legal process for those residents with damaged homes.
35 years after theft, a Stradivarius is found
FBI officials this week announced the recovery of a nearly-300-year-old Stradivarius violin, potentially worth millions, which was stolen in 1980 from the office of Roman Totenberg, a renowned concert violinist and music teacher. Charles Osgood reports.cbsnews.com
Will stalled housing prices affect the economic recovery?
Will stalled housing prices affect the economic recovery? A year ago, the housing market was surging as home sales rose dramatically. But the market has stalled so much that Federal Reserve Chairman Janet Yellen expressed concern to Congress about it. CBS News Business analyst Jill Schlesinger explains how that could affect the economic recovery.cbsnews.com