A new FEMA policy threatens to transform the National Flood Insurance Program into a crippling financial burden for thousands of low-income families in coastal cities.
Montenegro Says Closing its Borders Over Covid Was a Big Mistake Bloomberg 18/12/2020
(Bloomberg) Montenegro won’t repeat the mistake of closing its borders to curb Covid-19 because it has to resuscitate its tourism-dependent economy, the Adriatic nation’s new finance minister said.
Making up almost a quarter of the $6 billion economy, the 90% plunge in tourism revenue between January and September hurt. That’s put travel front and center for Milojko Spajic, a former Goldman Sachs credit analyst who worked in Japan, Singapore and the U.S. Earlier this year, he has returned to his homeland and now runs the Finance Ministry.