Tag: South Carolina

Kia-what? Kia-where? President Biden returns to Kiawah Island, a favorite vacation spot that serves personal and political needs

11Aug

By Gloomberg NewsNo Comments

Politics

Kia-what? Kia-where? President Biden returns to Kiawah Island, a favorite vacation spot that serves personal and political needs

US President Joe Biden and US First Lady Jill Biden disembark Air Force One at Charleston Air Force Base in North Charleston, South Carolina, on August 10, 2022. NICHOLAS KAMM/AFP via Getty Images Kiawah Island, S.C. – Normally when President Biden is looking for a little R&R, he heads home to Delaware — having done so dozens of times already this year. But on Wednesday, he's coming back to this quaint beach town, a spot less familiar to Americans who've tracked his movements but one which may one day rank in the memories of Americans alongside presidential vacation spots like Kennebunkport or Rancho del Cielo — despite the fact that Mr. Biden does not own a home in Kia...

State lotteries transfer wealth out of needy communities, investigation finds

12Jul

By Gloomberg NewsNo Comments

Business

State lotteries transfer wealth out of needy communities, investigation finds

Over the past two decades, state lotteries have nearly doubled in size, driving a multibillion-dollar wealth transfer from low-income U.S. communities to powerful multinational companies.A nationwide investigation of state lotteries by the Howard Center for Investigative Journalism at the University of Maryland found that lottery retailers are disproportionately clustered in lower-income communities in nearly every state. The investigation's analysis of cellphone location data shows that the people who patronize those stores come from the same kinds of communities.Once rare, lotteries now operate in all but five U.S. states. Driven by more than a half-billion dollars in annual ad spending, lottery ticket sales have grown from $47 billion to $82 billion since 2005, according to La F...