TVA offers $1.2 million grant to assist Tennessee RiverLine recreation challenge and extra enterprise information
TVA supports RiverLine leisure projects
The Tennessee Valley Authority will provide $ 1.2 million over the next three years to fund the University of Tennessee’s Tennessee RiverLine Project, which is a continuous system of hiking, biking, and water experiences along the Tennessee River from Knoxville to Paducah , Kentucky. including the Tennessee Riverwalk in Chattanooga.
Since 2016, the RiverLine has involved more than 60 UT students in the planning and design of trail systems. The program is administered by the Tennessee RiverLine Partnership, a diverse group that UT is a part of. TVA; the National Park Service’s Rivers, Trails, and Conservation Assistance Program; and several other organizations and agencies.
Rachel Terrell, TVA’s natural resources public relations manager, said the new grant is “part of TVA’s commitment to improving the lives of people in the Tennessee Valley by promoting public health, economic investment and environmental stewardship along the way. ” She said the new recreation system will act as a catalyst for economic, social and environmental benefits for dozens of cities and rural communities along the river.
“With this announcement, we are forming a true ‘power partnership,'” said David Bowling, vice president of the TVA River & Resources organization. “We expect the Tennessee RiverLine to become North America’s next major regional network of trails, and we will be working with UT and communities along the river to make that happen.”
Mortgage rates keep falling
U.S. long-term mortgage rates fell this week as the economy continues to be hit by the coronavirus pandemic.
Mortgage buyer Freddie Mac reported Thursday that the average interest rate on the 30-year fixed-rate home loan fell to 2.73% from 2.77% last week. In contrast, the rate a year ago was 3.51%.
The average 15-year fixed rate loan rate that is popular with homeowners looking to refinance their mortgages decreased from 2.21% to 2.20%.
Comcast posts fourth quarter growth
Comcast Corp. ended a challenging 2020 with fourth quarter earnings of $ 3.4 billion. This corresponds to an improvement of 6.9% compared to the previous year, despite the headwinds from the pandemic.
The cable and media giant reported strong subscriber gains in its broadband business on Thursday, adding 538,000 internet customers in the quarter. But the coronavirus continued to destroy its theme parks and damage the film studios, which weighed on NBCUniversal’s revenue.
Total Comcast revenue for the quarter was $ 27.7 billion, down 2.4% from the same period last year. The company ended the year with annual sales of $ 103.6 billion, a year-over-year decrease of 4.9%. Comcast posted $ 10.5 billion in profits in 2020, down 19.3% from 2019.
With the global adoption of vaccines, we are optimistic that the hardest hit parts of our business will soon be back on the growth path, “said Brian Roberts, Comcast CEO and Chairman, in a statement.
Facebook can sue Apple over antitrust law
Facebook is considering filing an antitrust lawsuit against Apple, said two people familiar with the considerations. This could heighten tensions between two of the most powerful tech companies in the world.
Facebook executives discussed accusing Apple of anti-competitive measures in the App Store, said people, who spoke on condition of anonymity because they weren’t allowed to speak publicly. The social network wanted to say in a lawsuit that Apple treats its own apps preferentially while imposing restrictive rules on third-party developers like itself.
Facebook didn’t discuss filing the lawsuit until December, people said. It is unclear whether the company will take legal action.
The social network declined to comment on a possible lawsuit. “We believe that Apple is anticompetitive by using control of the App Store to improve the bottom line at the expense of app developers and small businesses,” said a spokesman.
– Compiled by Dave Flessner