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Delegate to Congress Stacey Plaskett has announced a massive amount of funding for the V.I. Department of Education, monies Ms. Plaskett says her office lobbied tirelessly for.
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According to the congresswoman, the funds are being provided as part of the recent coronavirus relief package passed by Congress and signed into law by President Donald Trump.
Here's Ms. Plaskett's full statement on the funding:
“This $69.7 million in coronavirus relief funding will support efforts to protect the lives and livelihoods of Virgin Islanders. Since the beginning of this pandemic, parents have been counting on federal assistance to help our children and students continue to learn. Our office was hard at work to ensure that the Virgin Islands would receive sufficient funding for those purposes. This funding will be distributed to the Virgin Islands Department of Education and the Governor of the Virgin Islands.
“These funds may be used to help K-12 schools in the Virgin Islands with facility repairs and improvements — including heating, ventilation, and air conditioning systems projects to improve indoor air quality in school facilities as well as to facilitate in-school attendance by students. The aid could also be used to address distance education needs and learning loss among students — including among low-income students, children with disabilities, ESL (English as a Second Language) learners, students experiencing homelessness, and children and youth in foster care.
“This emergency relief amounts to important progress, which must be built on under the Biden-Harris Administration. Next week, Joe Biden enters the White House. It’s my understanding that within the first 100 days additional relief will be a priority and we will make sure the Virgin Islands continues to be included in any package.”
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Bango PLC (LON:BNGO), the AIM-listed mobile payments and data group, might be a beneficiary from the operating system row between Apple and Facebook, suggest broker Liberum.
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Facebook expressed concern alongside its recent earnings update that changes that Apple is bringing in with its iOS 14 software upgrade will affect the ability of its advertisers to target effectively their advertisements at the right user base when advertising on Facebook.
This could impact its revenues, said the social media giant.
Liberum notes that Apple uses an identifier called IDFA, which tracks users and collects data when they go to apps. It now plans to give users a choice on whether they want this option or not.
The lack of availability of this data is likely to impact the ability of Facebook and other media players to provide audiences to target ads and improve conversion rates.
The broker sees this as being extremely positive for Bango, which is able to provide apps developers with valuable purchase data-based audiences to enable better targeting of advertisements, using the underlying data from its Payments business.
The use of audiences from Bango Marketplace enables apps developers to increase the efficiency of their advertisements by up to 9 times, said the broker.
Bango Marketplace is growing at a triple-digit rate and is expected to be a major driver of growth in coming years, including 2021.
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The broker has a 260p target price. Shares were unchanged at 195p.