Why startups and new businesses are moving to Austin

Ruben Onsu

AUSTIN (KXAN) — The Austin Chamber of Commerce reports dozens of businesses relocating or expanding in Austin just this year. Many of them are startups from other states, as reported by KXAN’s media partners at Austin Business Journal.

Markaaz is one of them.

“Markaaz is the world’s first and only community for small and medium businesses to connect with with each other to find everything they need to grow, run and manage their business,” said Hany Fam, founder and CEO.

A vision Fam first brought to life in California in January 2020.

“If someone had said to me

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House lifting is big business following a record year of storms

Ruben Onsu

With storms intensifying, rainfall increasing and sea levels rising, waterfront property owners have to get more creative. For some, that means moving to higher ground, but for others, it’s just moving the house higher.

House lifting has long been a strategy for waterfront real estate, but it is now becoming a far bigger business due to climate change.

“The more that things flood, the more there’s going to be a need for it,” said Mike Brovont of Wolfe House and Building Movers. He’s been in the house-lifting business for more than two decades.

Brovont points to flooding hot spots like

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‘Britcoin’ not bitcoin? UK considers new digital currency

Ruben Onsu

British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new “Britcoin”, or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin.

A BoE-backed digital version of sterling would potentially allow businesses and consumers to hold accounts directly with the bank and to sidestep others when making payments, upending the lenders’ role in the financial system.

“We’re launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency (CBDC),” Sunak told

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Officials Detail Plan To Restore CT Unemployment Insurance Fund

Ruben Onsu

CONNECTICUT — Legislative leaders have announced details of a proposal meant to address the chronic insolvency of the state’s Unemployment Insurance Trust Fund.

If passed, the legislation would also reduce taxes on at least 73 percent of businesses by broadening the taxable wage base, reducing tax rates, and reforming benefits.

State Rep. Sean Scanlon said he anticipates House Bill 6633 moving out of the Finance Revenue and Bonding Committee, which he chairs, before the end of the week.

Spcifically, starting in 2024, the bill calls for the increase of the taxable wage base from $15,000 to $25,000, then indexes it

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Earnest Student Loan Refinancing Review

Ruben Onsu

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.

When you refinance your student loans, you can take advantage of a lower interest rate while also consolidating multiple loans into one monthly payment. The caveat is that you typically need good or excellent credit (at least a 670 credit score) in order to qualify.

There are, however, very few private lenders whose eligibility requirements allow applicants to have less-than-stellar credit. Earnest is

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Facebook Wants to ‘Normalize’ the Mass Scraping of Personal Data

Ruben Onsu
Facebook

Image: Olivier Douliery/AFP via Getty Images

Hacking. Disinformation. Surveillance. CYBER is Motherboard’s podcast and reporting on the dark underbelly of the internet.

Facebook wants to “normalize” the idea that large scale scraping of user data from social networks like its own is a common occurrence, as the company continues to face fallout from a leak of over 500 million Facebook users’ phone numbers.

Facebook’s position came to light in an internal email accidentally sent by a Facebook representative to a journalist at Dutch publication DataNews. Facebook confirmed the authenticity of the email to Motherboard.

Under the heading “LONG-TERM STRATEGY,”

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