Some homeowners struggled to pay PACE improvement loans. The coronavirus made it harder

It wasn’t until the work was done that Marcelino and Josefina Rodriguez said they learned the truth.

They had been signed up for a roughly $45,000 PACE home improvement loan at nearly 10% interest — even though they said a woman working with the contractor told them their new roof and water heater would be free through a government program.

The Rodriguezes contacted the authorities, but the nearly $4,500 annual bill came due anyway — a financial hit for the household of four who scraped by on less than $30,000 each year as garment workers paid by the piece.

If

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Harris Poll and Yahoo Finance partner for ongoing polling of investors

NEW YORK, June 29, 2020 — The Harris Poll and Yahoo Finance, part of Verizon Media, have formed an exclusive partnership to conduct an ongoing poll of investors, market and consumer trends. The new surveys will enable Yahoo Finance to provide an additional stream of data-based coverage crucial to the over 80 million people who turn to the site every month for financial and business news.

“As market research experts, we understand the link between consumer sentiment and the market performance of brands,” says Will Johnson, CEO of The Harris Poll. “We’re here to help Yahoo Finance readers see that

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If you’re planning a staycation in the UK this summer, here’s what to pack

We've got you covered for your staycation from beachwear to walking boots and everything in between: iStock/The Independent
We’ve got you covered for your staycation from beachwear to walking boots and everything in between: iStock/The Independent

Having spent the past three months in lockdown, when the prime minister announced that hotels, caravan parks and campsites can reopen from 4 July, it was a welcome change to our new normal.

Whether you’re getting cabin fever or are sick of working from home with much less social interactions than usual, we’ve never needed a holiday more.

As sunny weather and blue skies are making a more frequent appearance, take a few days off and book a staycation to explore some

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India Shadow Bank Dollar Bonds Drop After S&P Downgrades

(Bloomberg) — Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid an economic downturn brought on by the pandemic, triggering a drop in some of their bonds.

The rating company cut state-owned Power Finance Corp. and Bajaj Finance Ltd. into junk territory, according to a statement dated Friday. Shriram Transport Finance Co. Ltd. and Manappuram Finance Ltd. were lowered deeper into non-investment grade.

Power Finance’s dollar bonds due 2029 and Shriram Transport Finance’s notes maturing 2022 fell about 2 cents on the dollar Monday to 99.8 cents and 92.8 respectively, the

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Big business, political strategy and corporate involvement in US state politics

<span class="caption">Protesters rally to have Colorado's then-incoming governor put an up-to-nine-month moratorium on oil and gas development.</span> <span class="attribution"><a class="link rapid-noclick-resp" href="https://www.gettyimages.com/detail/news-photo/from-left-to-right-sandy-tolland-in-hat-miranda-glasbergen-news-photo/1076896552?adppopup=true" rel="nofollow noopener" target="_blank" data-ylk="slk:Helen H. Richardson/The Denver Post via Getty Images">Helen H. Richardson/The Denver Post via Getty Images</a></span>
Protesters rally to have Colorado’s then-incoming governor put an up-to-nine-month moratorium on oil and gas development. Helen H. Richardson/The Denver Post via Getty Images

Political spending by corporations is big business.

As one corporate executive with experience in business-government relations says, “A company that is dependent on government that does not donate to politicians is engaging in corporate malpractice.”

Our research group heard that statement during a series of interviews with industry insiders that we conducted for a study on corporate political strategy and involvement in U.S state politics.

In the 2018 election cycle, for example, private interests spent US$500

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