07-18-2018  2:23 am      •     
The Skanner Report
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

Experience the Culture at the Second Annual Pan African Festival of Oregon

Event will take place from 12 p.m. to 8:30 p.m. August 11 ...

Oregon Humane Society Photo Contest Now Open

Submissions for annual pet photo contest open until August 15 ...

Mark Christopher Lawrence to Perform at Harvey’s Comedy Club July 13-15

Former Big Mike of “Chuck” will perform at 7:30 and 10 p.m. Friday and Saturday and 7:30 Sunday ...

Dragon Fest 2018

Lions, dragons and breakdancers descend on Seattle’s Chinatown-International District for the Pacific Northwest’s largest...

Wildfires force evacuations in Spokane, Columbia River Gorge

SPOKANE, Wash. (AP) — A small but fast-moving wildfire in Spokane prompted evacuation notices for more than 700 homes, authorities said Tuesday.The so-called Upriver Beacon Fire, which was less than 1 square mile (2.6 sq. kilometer), broke out near a residential area.Several homes caught...

Prominent sovereign citizen sentenced for federal bank fraud

KNOXVILLE, Tenn. (AP) — A prominent sovereign citizen has been sentenced to more than four years in prison for conspiring to launder money.The Knoxville News Sentinel reports Heather Ann Tucci-Jarraf was sentenced Tuesday after delivering a 45-minute speech denying the federal judge's...

Wildfires force evacuations in Spokane, Columbia River Gorge

SPOKANE, Wash. (AP) — A small but fast-moving wildfire in Spokane prompted evacuation notices for more than 700 homes, authorities said Tuesday.The so-called Upriver Beacon Fire, which was less than 1 square mile (2.6 sq. kilometer), broke out near a residential area.Several homes caught...

Authorities form task force to investigate wildfires

SEATTLE (AP) — Authorities in western Washington state are forming a task force to investigate a series of recent wildfires.KCPQ-TV reports the Mason County Sheriff's Office is working with state and local agencies after more than 15 fires were reported in the county over a short period of...

OPINION

A Letter from America’s Children

American children struggling with poverty, violence and homelessness, deserve media coverage, too ...

Rep. Maxine Waters Takes Strong Stand for Fair Housing

Congresswoman Maxine Waters recently stepped up to file legislation designed to cure many of regressive ills pushed by Secretary Carson ...

10 Indoor Plants Every Pet Lover Must Have

Dr. Jasmine Streeter shares her tips on stress-busting plants ...

NAACP Statement on Nomination of Brett Kavanaugh to the Supreme Court

NAACP opposes Kavanaugh's confirmation to the D.C. Circuit ...

AFRICAN AMERICANS IN THE NEWS

Texas executes man for 2004 slaying of store owner

HUNTSVILLE, Texas (AP) — A Texas prisoner was executed Tuesday evening for the fatal shooting of a San Antonio convenience store owner after courts turned down appeals that the state parole board improperly rejected the inmate's clemency request because he's black.Christopher Young, 34,...

The Latest: Texas executes man for 2004 store owner slaying

HUNTSVILLE, Texas (AP) — The Latest on the Texas execution (all times local):6:45 p.m.A 34-year-old Texas prisoner has been executed for the fatal shooting of a San Antonio convenience store owner during an attempted robbery nearly 14 years ago.Christopher Young received a lethal injection...

Is Trump's retraction his final word on Russia? Unlikely

WASHINGTON (AP) — The Washington political playbook called for President Donald Trump to make clear — and fast — that the U.S. wasn't in the pocket of Russia President Vladimir Putin. On Tuesday, Trump relented, saying he misspoke on Russian election meddling.But apologies and...

ENTERTAINMENT

World Cup finale reaches 16 million viewers in U.S.

NEW YORK (AP) — The World Cup soccer final where France defeated Croatia was seen by just over 16 million people in the United States on Sunday.While that made the Sunday morning telecast on Fox and Telemundo the most-watched program of the week, it represented a significant drop in...

'McQueen' examines career of a brilliant, troubled designer

NEW YORK (AP) — The London fashion world didn't know quite what hit it when Alexander McQueen's disheveled models staggered down the runway at his 1995 "Highland Rape" show, their Scottish-inspired clothing ripped to expose breasts and nether regions.It was exactly the reaction that McQueen,...

Destiny's Child singer Williams seeks mental health help

LOS ANGELES (AP) — Destiny's Child singer Michelle Williams says she's seeking help for the depression she has struggled with for years.Williams said in an Instagram post Tuesday that she has "sought help from a great team of health care professionals."She gave no specifics on her treatment,...

U.S. & WORLD NEWS

Record 10 homers as AL wins All-Star Game 8-6 in 10 innings

WASHINGTON (AP) — A record 10 home runs . A slew of strikeouts.The all-or-nothing All-Star Game mirrored...

A Comic-Con without Marvel, HBO gives others a chance to pop

Over 130,000 pop culture devotees are descending on San Diego's Gaslamp District Wednesday for the annual four-day...

Intense government bombing of south Syria opposition holdout

BEIRUT (AP) — Talks to cede the largest opposition holdout in southwestern Syria to the government have...

Rescue group: Libya left migrants to die in Mediterranean

MADRID (AP) — A migrant aid group has accused Libya's coast guard of abandoning three people in the...

Obama delivers veiled rebuke to Trump in Mandela address

JOHANNESBURG (AP) — In his highest profile speech since leaving office, former U.S. President Barack Obama...

Trump backs off siding with Russia over US intelligence

WASHINGTON (AP) — Blistered by bipartisan condemnation of his embrace of a longtime U.S. enemy, President...

By The Skanner News

WASHINGTON (AP) -- President Barack Obama signed bipartisan jobs legislation Thursday that will help small businesses and make it easier for startups to raise capital, saying it could be a "game-changer" for entrepreneurs dreaming of founding the next Microsoft or Facebook.

"When their ideas take root, we get inventions that can change the way we live," Obama said in the Rose Garden, flanked by lawmakers of both parties who backed the bill. "And when their businesses take off, more people become employed."

He said the initiatives in the bill paralleled many of the provisions that he sought last fall in his jobs agenda to encourage small-business growth.

But Republicans also helped fashion the bill - and sought to take credit. House Majority Leader Eric Cantor stood over Obama's shoulder at the signing ceremony.

"This bill represents exactly the kind of bipartisan action we should be taking in Washington to help our economy," Obama said.

Some Democrats, however, raised concerns that the bill softened investment protections enacted after the dot.com excesses and Wall Street meltdowns and the changes could lead to fraud and abuse.

Speaking to an audience that included small business owners, Obama indicated he's aware of those concerns and has directed top officials to "keep a close eye" on how it goes into effect.

The main part of the bill would phase in Securities and Exchange Commission regulations over a five-year period to let smaller companies go public sooner. Firms that have annual gross revenues of less than $1 billion would enjoy this "emerging growth company" status.

The legislation may be one of the few accomplishments for a Congress stymied by partisan divisions heading into the fall elections.

The bill combines a number of bipartisan bills that exempt newer companies from SEC reporting rules in order to reduce costs and red tape.

Another provision facilitates the practice of "crowd-funding" in which the Internet is used to solicit a large number of smaller investors.

Senate Democrats were unsuccessful in their efforts to add more investor protections but succeeded in attaching one provision that requires websites involved in crowd-funding to register with the SEC. It also demands that companies seeking to raise money this way provide information on its financial status, business plans and shareholder risks.

Sara Hanks, a securities attorney and co-founder of CrowdCheck, a company aimed at helping startups, said the crowd-funding element will help make it easier for small companies to access capital but warned it will be up to investors and entrepreneurs "to protect themselves from deals that are too good to be true."

In addition to the emerging growth company and crowdfunding provisions, the legislation removes SEC regulations preventing small businesses from using advertisements to attract investors and raises from 500 to 2,000 the number of shareholders a company or community bank can have before it must register with the SEC.

For more jobs information related to small businesses in the Portland area, check out The Skanner's Jobs section and for youth employment opportunities, head to a job fair at Concordia University later this month.


© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

Carpentry Professionals
Montavilla Jazzfest 2018
Calendar

Photo Gallery

Photos and slide shows of local events

The Skanner Report

The Skanner Foundation Scholarships