US agency enabling entrepreneurs and small firms to thrive
Governor Kathy Hochul has signed an executive order imposing a one-year statewide moratorium on new hyperscale data centres that use 50 megawatts or more, directing regulators to complete an environmental impact review and consider rules to make developers pay for power, contribute to grid upgrades and lose tax breaks. The move has drawn praise from community and environmental groups and rebuke from industry and national conservatives.
Carmine Agnello has begun a 15-month prison term after a federal judge rejected a request to delay surrender for a kidney transplant for his mother, Victoria Gotti. Prosecutors say the transplant is not imminent as medical issues continue, and Agnello will report to the federal prison by the deadline.
Lawrence Mayor Brian DePena has been charged with wire fraud and money laundering after allegedly obtaining a $1.5 million COVID-19 loan for his tire business and diverting funds to cover mortgages and his campaign. He appeared in federal court and was released under conditions; prosecutors say the fraud raised concerns about public trust.
A Turkish-born baker in San Francisco has poured his life savings into BaklavaStory, only to confront mounting financial pressures. He has invested about $300,000 to launch the business and now faces sustainability questions as costs rise and demand remains uncertain.
The Biden-era SAVE program is being exits with a 90-day window to switch plans; millions are still in SAVE with debt swelling from interest, threatening retirement plans. Reports show high parent PLUS loans persist with six-figure balances for some borrowers, despite relief for others.