How Renewing The Paycheck Protection Program Would Sabotage The Economy
Rather than renew a flawed program that benefits big business and saves jobs that should be destroyed, Congress should allow market forces to make the necessary economic adjustments.
Congress’ Coronavirus Response Could Cause Mass Layoffs Right Before The Election
Congress has created a policy cocktail, authored by both Republicans and Democrats, that may keep our unemployment rate elevated throughout 2020.
Chinese Real Estate Company At Center Of FBI Investigation Raked In Millions From PPP Loans
Shenzhen New World Group, owned by Chinese billionaire Wei Huang received the lump sum over two separate loans for hotels operating in Los Angeles.
Pandemic Lockdowns Pushed Another 1.9 Million Into Unemployment Last Week
Another 1.9 million Americans filed for unemployment last week, marking the first time in more than two months new claims fell below 2 million.
Senators Ask How Planned Parenthood Got $80 Million In Federal Loans Intended For Small Businesses
“Planned Parenthood is not a small business. It is a multi-billion-dollar company,” said Sen. Josh Hawley.
New Bill Would Ease Restrictions On Federal Small Business Emergency Loans
A pair of bipartisan lawmakers on Capitol Hill are preparing to introduce legislation to make it easier for small businesses to receive federal relief.
Texans Like Mark Cuban Contradict Media On State Reopening
While most local news sources are critical of Abbott’s decision, I’ve yet to meet a resident who thought reopening was a bad idea, despite polls suggesting otherwise.
How Coronavirus Shutdowns Are Killing America’s Health Care System
Doctors on the front lines of the COVID-19 fight really are heroes, but don’t forget about the tens of thousands of ‘backline doctors’ who are equally at risk, physically and financially.
Billionaire-Backed Axios Receives $5 Million ‘Small Business’ Bailout While Struggling Businesses Wait
The digital media outlet Axios recieved $5 million in loans from the Small Business Associaton’s Paycheck Protection Program. That’s more than $25,000 per employee.
Spa Workers Making More On Unemployment Upset To Receive Small Business Loan
Employees at a spa in Washington state are upset to be going back on payroll through the PPP after raking in more cash on unemployment.
Unemployment Claims Soar Over 26 Million Within Five Weeks Amid Pandemic
More than 26 million Americans have filed for unemployment within five weeks of the economic crisis sparked by pandemic panic.
Democratic Senate Candidates Dodge Debate On Small Business Loan Program
Democratic Senate candidates are lying low on providing assistance to sinking small businesses after PPP funds were exhausted on Thursday.
Pelosi Feigns Ignorance of Breakaway Democrats, Says Goal is To ‘Get As Much As We Can’
House Speaker Nancy Pelosi said she wasn’t aware of beltway Democrats urging quick passage of a clean funding bill to save small businesses.
Owner Of World Famous Whiskey Bar On How Lockdown Is Devastating Restaurants
On the Federalist Radio Hour, two restaurant owners explain how a prolonged lockdown could decimate the restaurant industry and how consumers can save them.
Canadian Bank May Be Examining U.S. Borrowers’ Environmental Policies And Military Relationship Before Issuing Taxpayer-Funded Loans
CIBC USA is accused of examining borrowers’ environmental standards and relationship with the American military before issuing government loans.
Senate Democrats, Obama Small Business Chief Break With Pelosi, Urge Loan Funds Now
Pressure is growing among congressional Democrats within their own ranks to pass critical funding to save small businesses after program funds depleted.
PPP’s New North Carolina Poll Is Complete Garbage
PPP’s poll respondents have a habit of mindlessly pressing buttons in response to the firm’s automated polls, and in no way does that bother the firm’s management.
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