News
As the nation completed a fourth week of its self-imposed recession, the battle to contain the spread of the COVID-19 pandemic produced some positive reports from the front lines. The University of Washington’s Institute for Health Metrics and Evaluation has…
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A day after the new Paycheck Protection Program depleted its $349 billion allocation, Sen. Jerry Moran of Kansas said today he was hopeful Congress would move quickly to add more funding to help companies cash-strapped by the COVID-19 pandemic. “It…
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National electronics chain Best Buy, which operates eight stores in the Kansas City Metro area, is furloughing 51,000 hourly employees and nearly all of its part-time workers. The retailer switched to curbside-only business on March 22, due to COVID-19, and…
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The city council in Kansas City has approved $72.8 million to pay for the replacement of the Buck O'Neil Bridge, which connects Downtown to north of the Missouri River. It is being paid for by a mix of bond issues…
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The Small Business Administration yesterday announced that its $349-billion Paycheck Protection Program has been wiped out. But at least one area lender is seeing an increase in loan allocation. UMB Bank has recently processed 3,000 applications totaling $1.4 billion. "It’s…
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A regional report by the Johnson County, Kan., government says that 88 percent of 2,339 area hospital beds in nine area hospitals are in use. When looking at intensive-care unit beds, the report found that 47 percent of those are…
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President Donald Trump has released a three-phase advisory plan for states to reopen the country. For states to start reopening, the policy says, there needs to be downward trajectory of COVID-19 cases over a 14-day period, the ability for hospitals…
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The Federal Reserve Bank of Kansas City recently launched a program called the Employer Laptop Challenge, a community development program that encourages companies and other organizations to donate used computers and other devices to nonprofits, schools and firms that refurbish…
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Kansas City-based Commerce Bancshares is paying dividends to shareholders still, despite challenges posed to the economy due to COVID-19. The company just declared a quarterly dividend of $0.27 per share for common stock, and payments are expected to be paid…
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Before COVID-19 hit, the commercial real estate lending market was sure on a strong run. A record $600.6 billion of commercial real estate and multifamily loans in 2019, according to the Mortgage Bankers Association's (MBA) 2019 Commercial Real Estate/Multifamily Finance…
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