Billions

Billions have been raised for racial equity groups

George Floyd's death sparked protests - and donations
George Floyd’s death sparked protests – and donations

During the global anti-racism protests in the wake of George Floyd’s death, corporations, celebrities and regular people chose to show support for the cause with donations eventually totalling billions of dollars. What comes next?

There was a lot going on when Imam Makram El-Amin received a message from some out-of-town friends.

His North Minneapolis mosque is home to Al-Maa’uun, a charity that runs food, work and housing programmes in a part of the city with some of the highest rates of disparity in the state.

“Healthcare, wealth gap, education, home ownership. Whatever. You pick it, we got it here. So there’s no shortage of need,” he says.

Al-Maa’uun’s resources were being stretched by economic shocks caused by the global coronavirus pandemic when Minneapolis was rocked by the 25 May killing of George Floyd, an unarmed black man whose death in police custody

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‘Big Mess’ Looms if Schools Don’t Get Billions to Reopen Safely

An empty classroom at Marietta High School in Marietta, Ga., where the district plans to spend $200,000 on desk partitions, July 7, 2020. (Audra Melton/The New York Times)
An empty classroom at Marietta High School in Marietta, Ga., where the district plans to spend $200,000 on desk partitions, July 7, 2020. (Audra Melton/The New York Times)

Bus monitors to screen students for symptoms in Marietta, Georgia: $640,000. Protective gear and classroom cleaning equipment for a small district in rural Michigan: $100,000. Disinfecting school buildings and hiring extra nurses and educators in San Diego: $90 million.

As the White House, the nation’s pediatricians and many worn-down, economically strapped parents push for school doors to swing open this fall, local education officials say they are being crushed by the costs of getting students and teachers back in classrooms safely.

President Donald Trump threatened this week to cut off federal funding to districts that do not reopen, though he controls only a sliver of money for schools. But administrators say they are already struggling to cover the head-spinning logistical and financial

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Why Jeff Bezos is pouring billions into tackling climate change

Jeff Bezos - AP
Jeff Bezos – AP

Jeff Bezos wants you to know that Amazon is serious about tackling climate change. In the space of four days last week, his company launched a $2bn venture capital fund to invest in technologies that tackle carbon emissions, bought an electric self-driving car firm and revealed that it would rename a Seattle hockey stadium to the “Climate Pledge Arena”.

“Instead of calling it Amazon Arena, we’re naming it Climate Pledge Arena as a regular reminder of the urgent need for climate action,” the billionaire founder wrote in an Instagram post captioning a rendering of the stadium’s future logo. 

In February, he announced a $10bn pledge in his own name to finance scientists and charities on the frontline of global warming, building on an order of 100,000 electric vehicles last year from car manufacturer Rivian and a 2040 target to have net zero emissions.

The moves are

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Billions of dollars in aid for small businesses go unclaimed

NEW YORK (AP) — Billions of dollars offered by Congress as a lifeline to small businesses struggling to survive the pandemic are about to be left on the table when a key government program stops accepting applications for loans.

Business owners and advocacy groups complain that the money in the Paycheck Protection Program was not fully put to work because the program created obstacles that stopped countless small businesses from applying. For those that did seek loans, the ever-changing application process proved to be an exercise in futility.

“It was a flawed structure to begin with,” said John Arensmeyer, CEO of Small Business Majority, an advocacy group. “It favored established businesses. It was set up to give money to people with strong banking relationships.”

The program’s shortcomings also made it more difficult for minority businesses to get loans, according to a report from the Center for Responsible Lending, a research

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