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Secretary of Labor explains Alabama pandemic unemployment benefit cessation

Secretary of Labor explains Alabama pandemic unemployment benefit cessation Unemployment benefits ending By Cassie Fambro | May 10, 2021 at 10:41 PM CDT - Updated May 11 at 10:17 AM BIRMINGHAM, Ala. (WBRC) - Alabama joined several other states including Montana, South Carolina and Mississippi in creating a deadline to receive federal pandemic unemployment funds. 70,000 Alabamians will stop receiving $300 a week as part of that program beginning June 19. Birmingham’s unemployment rates has hovered below the state, reported at 3.2 percent in March compared to 3.8 percent statewide. This time last year, unemployment in Alabama had climbed to 7.1 percent, peaking at 11 percent at the height of the pandemic, a sharp spike after record low unemployment.

Tampa investment firm acquires Mobile apartment complex for $33 million

Tampa investment firm acquires Mobile apartment complex for $33 million Updated 12:10 PM; A west Mobile apartment community has been acquired from a Tampa investment firm for a little over $33 million. Morrison Avenue Capital Partners and its affiliate acquired Timber Ridge, located at 6700 Wall St. in Mobile, for $33.35 million, according to the Birmingham Business Journal. The cost per unit is over $100,000. The property was most recently acquired in 2012 by an affiliate of Cottonwood Residential, out of Salt Lake City, Utah. Nine years ago, the community was acquired for more than $23 million and around $75,000 per unit, according to the publication. “Timber Ridge is in a great submarket in West Mobile which has shown a lot of resiliency and growth over the past year,” Jimmy Adams of the Birmingham office of Cushman & Wakefield said in a prepared statement.

Car manufacturer outlook is fines as EU emissions regulations start to bite

Click the thumbs up >Car manufacturers are looking at model rationalisations, reduced trims and increased co-operations in a bid to comply with clear air targets. Tom Seymour reports. Retailers can expect further rationalisation of model ranges, variants, trims and engines this year as carmakers look to meet the challenge of emissions regulations. The Clean Air For Europe (CAFE) programme was phased in from last year, where 95% of a vehicle manufacturer’s fleet needed to emit below 95g/km CO2. From 2021, the average emissions of all newly registered cars of a manufacturer now have to be below that target. OEMs breaching the limit will be fined €95 (£84) per car sale, per gram of CO2 over the limit, with companies like Volkswagen Group facing as much as €4.5 billion (£4bn) in fines, based on predictions by PA Consulting (see graph).

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