This Week’s Minute Man Press Business Minute

By STAN CHOE and DAMIAN J. TROISE AP Business Writers
NEW YORK (AP) — Wall Street is drifting Friday following another set of mixed reports on the economy. The S&P 500 was virtually unchanged in midday trading after earlier flipping between small gains and losses. Trading was relatively quiet across markets, with stocks overseas, Treasury yields and gold also making only modest moves. The S&P 500 was nearly evenly split between stocks rising and falling. Home builders rose after a better-than-expected report on housing, but tech stocks pulled back in their latest move of weakness following their huge run this year. The S&P 500 is on track for a gain of nearly 1% this week.

By MARC LEVY Associated Press
HARRISBURG, Pa. (AP) — Pennsylvania’s unemployment slid a bit down in June after hitting a pandemic peak in April, but it was well above the national rate even as payrolls rebounded by more 230,000. The state Department of Labor and Industry reported Friday that Pennsylvania’s unemployment rate was 13% in June, down four-tenths of a percentage point from May’s adjusted rate. The state’s rate went over 16% in April, the highest rate in over four decades of record-keeping. A survey of employers showed seasonally adjusted nonfarm payrolls grew by more than 230,000 in June to surpass 5.4 million. That was about 1 in 5 jobs lost during the pandemic.

 

By CHRISTOPHER RUGABER AP Economics Writer
WASHINGTON (AP) — The Federal Reserve has opened one of its lending programs to nonprofit groups, including hospitals, educational institutions, and social service organizations. The Fed said Friday that its Main Street Lending Program, which is targeted to mid-sized businesses, will now extend credit to nonprofits with at least 10 employees and endowments of less than $3 billion.


By MATT OTT AP Business Writer
SILVER SPRING, Md. (AP) — Construction of U.S. homes jumped 17.3% in June as some states opened back up, but still lags behind last year’s pace after this spring’s massive slowdown in building activity due to the coronavirus outbreak. The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest recovery in May followed steep declines in April and March. Even after a second straight month of increases, construction activity remains 4% below last year’s pace. Applications for building permits, a good indication of future activity, rose 2.1% to 1.24 million units.

 

 

Gov. Wolf Signs Executive Order to Create Pennsylvania State Law Enforcement Citizen Advisory Commission

Gov. Wolf Signs Executive Order to Create Pennsylvania State Law Enforcement Citizen Advisory Commission

Harrisburg, PA – Continuing his push for meaningful law enforcement reforms, today Governor Tom Wolf signed an executive order creating the Pennsylvania State Law Enforcement Citizen Advisory Commission. This further advances his actions to address law enforcement reform and accountability that he announced in June and the first two police reform bills he signed into law on Tuesday.

“My administration is committed to bipartisan criminal justice reforms that are fair and inclusive and support public safety,” Gov. Wolf said. “My executive order moves us one more step forward to address the systemic failings that have created inequities and public mistrust of law enforcement. It is my hope that the commission improves law enforcement relationships with communities and strengthens the accountability of law enforcement personnel.”

The creation of the commission came about from concerns raised by residents and in conversations Gov. Wolf held with members of the Pennsylvania Legislative Black Caucus and leaders of Black communities in Philadelphia and Harrisburg following the death of George Floyd while in Minneapolis police custody.

The executive order advises that citizen engagement and participation is essential to help the state in fulfilling its commitment to identifying necessary system-level reforms to promote transparency, fairness and accountability involving the commonwealth’s law enforcement agencies.

The new commission’s ultimate goal is to improve policing practices within law enforcement agencies under the governor’s jurisdiction by examining events and conducting reviews of policies, practices, and procedures. The commission, established in the Office of State Inspector General, will be comprised of 15 members appointed by the governor, including one representative from each of the Pennsylvania State Police current Troop geographic areas, and specifically from areas of the Pennsylvania State Police’s primary jurisdiction, and six additional citizen members chosen at large.

The commission will be chaired by the Deputy Inspector General for Law Enforcement Oversight, a new position and office in the Office of State Inspector General that the commonwealth is conducting a nationwide search to fill. Interested applicants can find the job posting here.

The deputy inspector general will oversee staff on investigations of alleged fraud, waste, misconduct, and abuse within law enforcement agencies under the governor’s jurisdiction and serve as chair of the new commission.

The commission is authorized to perform reviews of the covered agencies’ internal investigative findings related to allegations and incidents surrounding the use of force and bias-based policing, including those involving police-involved shootings resulting in injury or death of civilians, and to prepare a report if warranted.

“It is my hope that with input from this commission, the commonwealth’s law enforcement agencies can serve as a model of excellence for law enforcement throughout Pennsylvania and the country,” Gov. Wolf said.

Read the executive order here.

Hopewell Homicide Victim Identified. Cause of Death Revealed.

Story by Beaver County Radio News Correspondent Sandy Giordano

(Hopewell Twp., Pa.) Beaver County Coroner David J. Gabauer  reported Friday morning, July 17, 2020 that   Vincent S. Barbuto, 29 of Hopewell Township died  due to a penetrating gunshot wound to the chest . Barbuto’s death has been ruled a homicide.  Police were called to 2412 West Main Street Wednesday night at 10:55 p.m.  for an unresponsive male . Beaver County Detectives are assisting Hopewell Police in the investigation.  Hopewell Police Chief Brian Uhrmacher  was not available to comment .

Military medics deploy in California, Texas as virus surges

Military medics deploy in California, Texas as virus surges
By FREIDA FRISARO and DAVID CRARY Associated Press
MIAMI (AP) — Teams of military medics were deployed in Texas and California to help hospitals deluged by coronavirus patients. Miami area authorities, meanwhile, began stepping up enforcement Friday of a mask requirement. Those efforts echoed similar ones in many parts of the world to contain surging infections. Worldwide, the confirmed tally of cases is nearing 14 million. In California, military doctors, nurses and other health care specialists are being deployed to eight hospitals. In Houston, an 86-person Army medical team worked to take over a wing of a hospital. In Florida’s Miami-Dade County, authorities approved an emergency order giving all code and fire inspectors authority to issue tickets for those not complying with mask guidelines.

Sewickley Bridge Closed Till August 10, 2020

(Sewickley, Pa.) Today is the day that drivers who use the Sewickley Bridge were not looking forward to. The Bridge was closed for nearly a month at 7 am this morning.

The Pennsylvania Department of Transportation announced the 24-day closure is expected to last through August 10.

PENNDOT says that it is preparatory work for the $3.69 million project that is ongoing. Crews will conduct preservation work, including a deck overlay and bearing and deck joint replacement, during the closure.

PennDOT expects the entire project to be completed in late November.

Five More Workers Test Positive for COVID-19 at Shell Cracker Plant

(Potter Twp., Pa) Five more workers at Shell Cracker plant in Potter Twp. tested positive for COVID-19, according to a company release.

In the statement Shell Chemicals says that: “Since the end of last week, five of the site’s workforce tested positive for COVID-19, bringing the total number of positive tests to 18 since the pandemic began. To protect the privacy of the workers, no other details will be made available.”

Since the Pandemic began Shell Chemicals built a COVID-19 testing lab to provide results within hours for workers at the construction site who show symptoms of the coronavirus.

The Company plans to start adding more workers next week.

At one point during the pandemic, at the urging of Local Politicians, Shell stopped construction of the new ethane cracker plant and had as few as 300 workers on site to maintain the facility. As restrictions were eased by the state the company steadily increased the number of employees, adding about 300 employees a week with strict social distancing, masking, cleaning, and other mitigation measures.

There are about 3,700 employees on the site as of now. There had been more than 8,000 before the pandemic.

 

Iowa Drug Kingpin who Killed 5 Set for Execution Today

Iowa drug kingpin who killed 5 set for execution Friday
By MICHAEL TARM Associated Press
TERRE HAUTE, Ind. (AP) — A convicted killer from Iowa whose five victims included two young girls is scheduled Friday to become the third federal inmate to be executed this week, following a 17-year pause in federal executions. Dustin Honken, 52, was sentenced to death for killing government informants and children in his effort to thwart his drug trafficking prosecution in 1993. Honken is set to die by a lethal injection of the powerful sedative pentobarbital at the federal prison in Terre Haute, Indiana, where he’s been on death row since 2005. His chances for a last-minute reprieve seem remote after the Supreme Court allowed the other two executions.

Pennsylvania Casino Revenues Down 18%, Rivers Casino Down 32.5% from June of 2019

Pennsylvania casino revenues down 18%, hammered by pandemic
HARRISBURG, Pa. (AP) — Pandemic-related shutdowns in Pennsylvania, the nation’s No. 2 commercial gambling state, helped knock casino revenue down by 18%, and it would have been much worse without the advent of online gambling and sports betting. State regulators reported Thursday that revenue from regulated gambling in Pennsylvania shrank to $2.7 billion in the just-finished fiscal year, down from a new record high above $3.3 billion. Revenue from slot-machine gambling and table games were down more than $900 million combined. But online gambling contributed $240 million and sports betting brought in $114 million in the first full year for both in Pennsylvania. Tax collections are expected to shrink to $1.1 billion from $1.4 billion a year ago. The Chart below shows all of the PA casino’s revenue from June  of 2020 as compared to June of 2019.

Source
June 2020

Total Revenue

June 2019

Total Revenue

% Change
Rivers Casino Pittsburgh
$20,550,090
$30,453,234
-32.52%
Hollywood Casino at Penn National
$18,748,208
$20,242,701
-7.38%
Rivers Casino Philadelphia
$15,584,263
$25,297,592
-38.40%
Mount Airy Casino Resort
$15,145,202
$15,817,248
-4.25%
The Meadows Casino
$14,425,335
$20,590,718
-29.94%
Valley Forge Casino Resort
$12,916,182
$11,154,912
15.79%
Parx Casino
$10,289,147
$49,684,433
-79.29%
Mohegan Sun Pocono
$9,055,990
$18,005,466
-49.70%
Harrah’s Philadelphia
$6,283,043
$21,399,563
-70.64%
Wind Creek Bethlehem
$3,235,741
$43,356,000
-92.54%
Presque Isle Downs and Casino
$2,353,386
$11,145,856
-78.89%
Lady Luck Casino Nemacolin
$2,271,234
$2,559,128
-11.25%
Fantasy Contests
$647,246
$1,592,313
-59.35%
Video Gaming Terminals
$1,077,425
N/A
Statewide Total
$132,582,494
$271,299,166
-51.13%

Total tax revenue generated collectively through all forms of gaming and fantasy contests was $59,087,956* during June of 2020.

Gov. Wolf Yanks Virus Funding from Rebellious County

Wolf yanks virus funding from rebellious county
By MICHAEL RUBINKAM and MARC LEVY Associated Press
HARRISBURG, Pa. (AP) — Pennsylvania Gov. Tom Wolf has followed through on his threat to yank COVID-19 funding from a county that defied his shutdown orders. Wolf withheld millions in funding from Lebanon County, where local Republican leaders voted in mid-May to lift pandemic restrictions in defiance of the Democratic governor.  Meanwhile, his administration targeted bars, restaurants and large gatherings statewide Thursday in an effort to prevent a wider resurgence of the virus that officials say could jeopardize students’ return to school. The state’s largest teachers union asked Wolf to order schools to plan for online-only instruction, citing mounting concern among educators and parents about the “significant health risks” posed by sending kids back to the classroom.

Hazard Pay Grants Now Available for Front-Line Workers in Life-Sustaining Industries

Wolf Administration: Hazard Pay Grants Now Available for Front-Line Workers in Life-Sustaining Industries 

Harrisburg, PA – Today, Governor Tom Wolf announced the availability of $50 million in grant funding to help employers provide hazard pay to employees in life-sustaining occupations during the COVID-19 pandemic. Hazard pay is intended to keep front-line employees working in vital industry sectors across Pennsylvania.

“In the fight against COVID-19, our front-line workers have put themselves at risk every day in order to continue to provide life-sustaining services to their fellow Pennsylvanians, and this funding will increase their pay in recognition of those sacrifices,” said Gov. Wolf. “These grants will help businesses retain employees, ensure that Pennsylvanians keep working and avoid disruption of critical goods and services.”

Created through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, this reimbursement-based grant is available to employers offering hazard pay during the eligible program period and will be administered by the Department of Community and Economic Development (DCED). Businesses may apply for grants up to a maximum of $3 million.

The following applicants are eligible to apply:

  • Businesses
  • Healthcare Non-profits
  • Public Transportation Agencies
  • Certified Economic Development Organizations (CEDO)

Eligible Pennsylvania-based industries include:

  • Healthcare and Social Assistance
  • Ambulatory Health Care Services
  • Hospitals
  • Nursing and Residential Care Facilities
  • Transit and Ground Passenger Transportation
  • Food Manufacturing
  • Food Retail Facilities
  • Security Services for eligible industries listed above and commercial industries that were not closed as a result of the Governor’s Business Closure Order
  • Janitorial Services to Buildings and Dwellings

Grant funds may be used for hazard pay for direct, full-time and part-time employees earning less than $20/hour, excluding fringe benefits and overtime for the 10-week period from August 16, 2020, to October 24, 2020. Applicants may apply for up to $1,200 per eligible full-time equivalent (FTE) employee. Employers may apply for a grant to provide hazard pay for up to 500 eligible full-time equivalent employees per location.

Eligible applicants may apply for grants using the online DCED Electronic Single Application for Assistance located at www.esa.dced.state.pa.us from July 16, 2020, to July 31, 2020. Program inquiries may be directed to (717) 787-6245 or ra-dcedcbf@pa.gov.

“An essential component of the spending plan we passed this spring was the use of available federal money to provide extra hazard pay for workers who are doing the most dangerous jobs,” said House Democratic Leader Frank Dermody (D- Allegheny, Westmoreland). “Today’s announcement shows we are serious about keeping that commitment and I urge all the employers who qualify for these grants to apply now.”

“Front-line workers in many workplaces have been praised during this pandemic, including thousands of transit workers who drive, clean and maintain our buses and trains,” said state Rep. Mike Carrol (D- Lackawanna, Luzerne), Democratic chairman of the House Transportation Committee. “They’ve earned more than just good words. They deserve better pay for the risky work that they are continuing to do every day.”

“This grant program will put $50 million in CARES Act dollars into the pockets of Pennsylvania’s lowest-paid front-line workers, who risked their families’ health and safety to keep us fed, care for our children and elderly, and help fellow front-line workers get to and from work,” said state Sen. Maria Collett (D- Bucks, Montgomery), Democratic chairwoman of the Senate Aging and Youth Committee. “I am especially glad to see that Governor Wolf and DCED considered my input and included actual risk and local prevalence of COVID as evaluation criteria.”

“Front-line essential workers are the backbone of our economy, and they have been working in dangerous, sometimes deadly, conditions. They are putting themselves and their families at risk from COVID-19 on a daily basis and their wages should reflect that risk,” said state Sen. Lindsey Williams (D-Allegheny), Democratic chairwoman of the Senate Community, Economic and Recreational Development Committee. “Many of these workers didn’t sign up for life-threatening work, so I’m pleased that the Hazard Pay Grant Program will assist employers in compensating them more fairly for the newfound dangers that they face.”

For the most up-to-date information on COVID-19, Pennsylvanians should follow https://www.pa.gov/guides/responding-to-covid-19/.