Supply bottlenecks leave ships stranded, businesses stymied
Main Street businesses are now forced to wait months instead of the usual weeks for a delivery from China, and no one knows when the situation will be resolved.
Associated Press
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New SBA head plans changes at agency; focus now is COVID-19
Two days after she was sworn in, Isabella Casillas Guzman said her immediate focus is implementing the small business provisions in the $1.9 trillion coronavirus rescue package signed into law last week.
Bill to aid U.S. publishers vs. Google, Facebook rises again
The measure aims to give publishers better leverage with the tech companies, while only allowing coordination that benefits the news industry as a whole, amid a long-running decline in local news.
AstraZeneca: U.S. data shows vaccine effective for all adults
The company said its experts did not identify any safety concerns related to the vaccine, including finding no increased risk of rare blood clots identified in Europe.
Indiana utility fined record $1.1M for pipeline safety violations
The fine represents the third time since 2017 that NIPSCO has received a substantial fine for similar violations. The money the utility will pay for the fine will go into Indiana’s general fund.
Rapid COVID-19 vaccine rollouts backfired in some U.S. states
A surprising new analysis found that states that raced ahead of others to offer the vaccine to ever-larger groups of people have vaccinated smaller shares of their population than those that moved more slowly and methodically.
Difference in COVID testing at men’s, women’s tourneys has Stanford coach, others upset
The NCAA has run 8,015 tests through Sunday with only one confirmed positive at the women’s tournament using daily antigen testing. The men are using daily PCR tests, considered more accurate.
Loyola upsets top-seeded Illinois in second round, hands Big Ten another loss
The huge upset handed the Big Ten Conference its fourth loss in the tournament on the way to six by the end of Sunday. The game at Bankers Life Fieldhouse was among the first in a tournament that has seen a host of upsets in the first round.
UPDATE: VCU pulled from tournament because of COVID-19 protocols
The NCAA announced the cancellation—officially declaring a “no contest”—about three hours before Virginia Commonwealth University was scheduled to tip off against Oregon in the West Region.
North Texas comes up big with 78-69 upset over Purdue
Purdue was the third Big Ten team out of the nation-leading nine it placed in the tournament to exit before the weekend.
NCAA apologizes to women’s teams for weight room inequities
NCAA Senior Vice President of Basketball Dan Gavitt vowed to do better during a zoom call Friday morning, a day after photos showed the difference between the weight rooms at the two tournaments.
Federal Reserve to end relaxed capital requirements for large banks
The easing of the regulation had been intended to give banks flexibility in what assets they could hold to meet regulatory requirements during the t ffthe pandemic, when banks were having to suddenly write down billions of dollars of loans.
NCAA games return spotlight to venerable Hinkle Fieldhouse
“Hoosiers” made Hinkle Fieldhouse famous by Hollywood standards, but in the college basketball world, the home court for Butler University basketball was already a star.
Chip shortage causing production issues at Ford, Honda, GM, others
Automakers have said they don’t expect the chip shortage to get any better before the third quarter of the year, potentially costing them billions of dollars in revenue.
NCAA sets arena limits for March Madness at 22% capacity
Lucas Oil Stadium, which will host the Final Four along with games over the first and second weeks, will hold 6,900 fans on one court and 8,500 on the other. That’s 22% of capacity, which is the largest capacity of any of the six arenas.
Weighty issue: Inequity raised in women’s, men’s hoops tourneys
The teams had barely landed in Texas when complaints of unequal treatment in the women’s and men’s NCAA basketball tournaments roared over social media posts.
First Four: UCLA, Texas Southern, Drake, Norfolk State advance to first round
Texas Southern beat Mount St. Mary’s 60-52 in the NCAA opener, while Drake topped Wichita State for its first NCAA win in 50 years. Also, Norfolk State survived Appalachian State 54-53.
Have we met? Familiar names in a new place, March Madness
They’re not underdogs. They’re hardly unknown. What they are is a group of new teams with well-recognized names in the NCAA Tournament, and they’re hoping to keep making life hard on some of the programs that have long had a stranglehold on March.
Students who got partial loan relief could see full discharge
The change could lead to $1 billion in loans being canceled for 72,000 borrowers, all of whom attended for-profit schools, the Education Department said.
AMC opening almost all of its movie theaters this week
AMC’s theater reopenings are part of the entertainment industry’s gradual road to recovery as states begin loosening restrictions and more people receive vaccinations.