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Biden Vows Accelerated Vaccine Distribution, Pledging 100 Million Doses in First 100 Days

  • President-elect Joe Biden plans to distribute 100 million doses of COVID-19 vaccine in his first 100 days in office, enough to vaccinate 50 million people
  • Plan calls for the invocation of the Defense Production Act as well as community vaccination sites and mobile units
  • Trump Administration defends pace of vaccine distribution after criticism
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Connecticut to Receive $4 Billion in Direct Aid Through Stimulus Bill

  • Governor Ned Lamont says Connecticut will receive approximately $4 billion in direct aid under a federal economic stimulus bill
  • Bulk of funds will support stimulus checks, education, and unemployment benefits
  • Further relief available through Paycheck Protection Program, federal funding of the Shared Work program, and more
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Late Surge in Demand Prompts One Week Extension to Deadline on Fed’s Main Street Lending Program

  • Deadline for Federal Reserve’s Main Street Lending Program extended one week to Jan. 8
  • Extension approved to meet surge of demand in final weeks before the expiration of the lending facility
  • Main Street loans more than double compared to the beginning of December
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“Microgyms” Gaining Investor Attention Amid the COVID-19 Pandemic

  • Microgyms have grown in popularity during the COVID-19 pandemic, gaining the attention of investors
  • Smaller fitness centers have appealed to people seeking a safe workout experience
  • The concept emerged several years ago as a way of offering more personalized service and community
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Rules on Connecticut Property Tax Deferrals Fall to Towns

  • Governor Ned Lamont extends option for a three-month deferral on property taxes, though municipalities are left to decide how to administer it
  • Towns and cities can opt for an interest-free deferral or to charge 0.25 percent monthly on delinquent taxes
  • Deferral is automatic in some towns, while others must submit an application showing hardship
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The Liability Shield is Down, But Few COVID-19 Lawsuits Have Been Filed Against Businesses

  • Stimulus bill passed this week does not include liability protections for businesses, schools, or other entities
  • Liability protections proved to be a major stumbling block to reaching a bipartisan agreement, and were ultimately discarded along with a similarly controversial proposal for state and federal aid
  • Challenges for plaintiffs have so far limited the number of COVID-19 negligence lawsuits against businesses, but small businesses would be more vulnerable in such litigation due to difficulties in meeting legal costs
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Holiday Retail Sales Grow 3 Percent, With Shopping Concentrated Online

  • Holiday sales at retailers increase 2.4 percent for traditional period, 3 percent for extended shopping period
  • E-commerce sees major surge and makes up about one-fifth of sales
  • Retailers focusing on home goods benefit, while department stores and clothing retailers see decline
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Trump Signs Economic Stimulus Bill, Days After Criticizing It As Insufficient

  • President Donald Trump approves a $2.3 trillion package that includes a $900 billion stimulus package as well as appropriations to fund the government through September
  • Action comes just days after Trump criticized the legislation as providing insufficient relief as well as wasteful spending
  • Key components of the stimulus includes $600 direct payments, a new round of PPP funding, and supplemental unemployment benefits
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Biden Hints at Additional Stimulus Checks and Support for Essential Workers in COVID-19 Relief Planned After His Inauguration

  • President-elect Joe Biden is promising that another round of stimulus would be a priority after he takes office on Jan. 20
  • Aid would be concentrated on vaccine distribution, supporting schools and businesses, and unemployment assistance
  • Biden promises a new round of stimulus checks, but says the amount would be determined by negotiation
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