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Hertz Seeks Bankruptcy Loan After Share Sale Falls Through

(Bloomberg) — Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection after its unusual attempt to raise money selling potentially worthless shares fell through.The bankrupt rental-car giant said in a regulatory filing Monday it is looking for new sources of cash with the travel business in a deep slump and proceeds from the sale of its cars going to pay off creditors. Hertz raised just $29 million from selling its stock before questioning by Securities and Exchange Commission officials led the company to terminate plans to offer as much as $500 …read more […]

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Shift to Telehealth Drives Record Revenue and Gross Profit in Second Quarter 2020

* WELL achieved record quarterly patient services revenues in the second quarter due to: (1) a successful shift to telehealth which included significant revenues from both VirtualClinic+ and phone consultations; (2) WELL’s family practice business proved to be highly resilient; and (3) WELL’s corporate-owned clinics remained open as a critical business throughout the COVID-19 pandemic. * COVID-19 has caused an acceleration of WELL’s telehealth business as patients observing physical distancing measures increasingly turned to telehealth during the pandemic. …read more […]

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The Ultimate Test of Liberty

Every few years, a new buzzword must be invented to describe ecologically responsible agriculture.
In the beginning, it was “organic.” Then it was “sustainable.” Today it’s “regenerative.”
Organic gradually fell out of favor because it was not broad enough. It did not capture the benefits of soil development.
Viewed over time as a system of don’ts, the word failed to showcase positive practices.
And once the government owned the word through regulation, its value plummeted fast with industrial “greenwashing.”
So, organic gave way to sustainable.
This may have been an improvement because it sought to answer the question of perpetuity. Could the system actually survive and …read more […]