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Federal Benefit Helping , Low-Income Households , Afford Internet Coming to an End.<br/>CNN reports that next month, low-income <br/>Americans face a crisis that threatens millions <br/>of households with economic distress.<br/>The United States government says that <br/>it can only pay about half of what it owes <br/>on a popular federal benefits program.<br/>The Federal Communications Commission (FCC) announcement <br/>represents the first tangible impact of Congress' failure <br/>to extend the Affordable Connectivity Program (ACP).<br/>The pandemic-era benefit provides <br/>monthly discounts on internet service <br/>for over 23 million households in the U.S.<br/>As a result of dwindling funds, <br/>April will be the last month <br/>households can receive full benefits. .<br/>In May, ACP will only be able to <br/>provide 46% of the normal benefit <br/>payments before ending entirely in June.<br/>The end of the program means that millions of <br/>people will have to choose between paying <br/>for internet, housing and food.<br/>According to the FCC, Internet service providers (ISPs) <br/>could decide to close the gap for millions of households <br/>that will be impacted by the program coming to an end.<br/>We encourage providers to <br/>take efforts to keep consumers <br/>connected at this critical time, FCC statement, via CNN.<br/>The FCC went on to add that ISPs could offer discounts, low-cost <br/>internet plans or take other measures to ensure that service is <br/>not interrupted for millions of low-income Americans.
⏲ 1:30 👁 8.4M
Michael Saves
⏲ 4 minutes 16 seconds 👁 24.2K
Michael Saves
⏲ 6 minutes 👁 7.1K
A farmer of 45 years today told how this winter had been the worst he had ever experienced and how it had destroyed much of his crop <br/><br/>George Munns, 62,said it is a miracle any of his sugar beet crop survived after a difficult winter season left his fields under water.<br/><br/>George lost up to 400 tonnes of sugar beet after the wet winter left a field under two feet of water for nearly five months.<br/><br/>The farmer of 45 years had expected a yield of 700 tonnes from the worst waterlogged field and said there has \
⏲ 0:43 👁 10.2M
Michael Saves
⏲ 7 minutes 47 seconds 👁 150K
Michael Saves
⏲ 4 minutes 24 seconds 👁 39.9K
Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things inclu­ding autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut servi­ces or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Business Guide
⏲ 3 minutes 19 seconds 👁 3.2K
Michael Saves
⏲ 2 minutes 35 seconds 👁 10.4K
For millions of Australians, the cost of electricity stays the same no matter what time of day you're using it. But some customers are now being charged significantly more at certain times and they only found out when they received a dramatically higher bill.
⏲ 2:35 👁 14.8M
Michael Saves
⏲ 8 minutes 5 seconds 👁 145K
Reviews.org
⏲ 4 minutes 36 seconds 👁 37.8K
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