Thursday, April 9, 2020

Senate hits impasse over $250 billion in coronavirus small-business funds

Senate Majority Leader Mitch McConnell, R-Ky., had sought unanimous consent — a procedural maneuver to pass a bill without having lawmakers vote — to approve more funding for the Paycheck Protection Program, but Democrats objected, claiming McConnell was politicizing the push for more small-business money.

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Congress wrangled for days over a $2 trillion coronavirus bill that was approved in late March, which included funding for small businesses. Lawmakers immediately began discussing another round of funding, and McConnell's newest legislation was viewed as an infusion for a program that was immediately met with high demand.

Publisher: NBC News
Twitter: @NBCNews
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Quite a lot has been going on:

Coronavirus update: Mnuchin says US could be open for business in May

Treasury Secretary Steven Mnuchin said Thursday that he believed it was possible that the U.S. could open back up next month.

"I do, Jim," Mnuchin said after CNBC's Jim Cramer asked about reopening the economy in May. The comments came during an interview on CNBC's " Squawk on the Street ."

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The Treasury secretary said that the administration was doing "everything necessary that American companies and American workers can be open for business and that they have the liquidity that they need to operate their business in the interim."

Publisher: CNBC
Date: 2020-04-09T13:37:45 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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For the Farmers Who Supply Restaurants, the Pandemic Has Upended Business - The New York Times

Zaid Kurdieh has so many fava beans growing at his farm in upstate New York that he could send 4,000 pounds a week to the best chefs in New York City. In Kentucky, Robert Eversole and Thomas Sargent planted enough winter greens to fill the all the salad bars at the University of Kentucky and still have enough left over to feed fans at the state's two major spring horse races.

But the coronavirus pandemic has postponed the Kentucky Derby and shut the university. And in New York, chefs who would normally be shelling Mr. Kurdieh's fava beans for their spring menus have closed their restaurants.

Date: 2020-04-09T14:48:44.000Z
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Open For Business: Goin' Nuts Cafe - 47abc

SALISBURY, Md. – Goin’ Nuts Cafe has been a Salisbury staple for 28 years, and they want their customers to know that they’re still open for business. After almost three decades, the restaurant is known for making customers feel like family. “It was very unusual for someone to walk in the door and before they sat down the bartender or barmaid not recognize them, not to know what they’re drinking before they ever sat down,” said owner Russ Horne.

Publisher: 47abc
Date: 2020-04-09T20:27:23 00:00
Twitter: @47abc
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Not to change the topic here:

Curry discusses Jacksonville's economic future with business leaders

JACKSONVILLE, Fla. – Mayor Lenny Curry held a virtual seminar Thursday to discuss Jacksonville's economic future with about 500 local business leaders.

Curry talked about when things could return to business as usual and fielded questions about how the city can help local businesses struggling during this public health crisis.

Much of Curry's comments were focused on what lies ahead for Jacksonville after the pandemic and his goal of getting the city past a second wave, should it come to pass.

Publisher: WJXT
Date: 2020-04-09T19:54:20.449Z
Author: Brittany Muller
Twitter: @WJXT
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Coronavirus business booms for alcohol app Drizly | TheHill

Drizly, an alcohol delivery company, is booming during the coronavirus pandemic as orders from Americans stuck at home surge and states temporarily relax their liquor laws to help companies meet that demand.

The company saw nearly 1,600 percent growth in year-over-year new customers at the end of March, and CEO Cory Rellas told The Hill he doesn't believe that growth will slow down over the next two months. It's only the start for a company that is looking to build on its recent success to ensure that the eased restrictions on alcohol sales become a permanent fixture.

Publisher: TheHill
Date: 2020-04-09T06:00:33-04:00
Author: Alex Gangitano
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AMC close to bankruptcy as coronavirus puts movies on pause | Fox Business

AMC Entertainment CEO and president Adam Aron says his company was really healthy before coronavirus hit, but now, it has has 'moved to crisis almost overnight.'

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The cinema giant, which brought in a total revenue just over $1.4 billion in the fourth quarter last year, announced in mid-March that it would close its doors nationwide for between six to 12 weeks in compliance with federal directives to help stop the spread of COVID-19.

Publisher: Fox Business
Date: 2020-04-09
Twitter: @FoxBusiness
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COVID-19 Has Crushed Convention Business for Hotels in Chicago - Eater Chicago

Let's be honest: Chicagoans love playing host to the many visitors the city welcomes each year. They're known to show off their gorgeous lakefront, Riverwalk, and vast parks; boost their sports teams; tout their numerous free music festivals; and, of course, lay claim to being one of the best dining cities in the world. All of these things add up to Chicago seeing massive amounts of tourist and business traffic each year, especially in summer.

Because of the increased annual traffic, Chicago has experienced a tourism and hotel boom in recent years, with numerous new properties, like the Hoxton, Hotel Zachary , and St. Jane, opening their doors. The city welcomed 59.5 million visitors in 2019, with a little more than 34 million staying at least one night and filling many of those rooms, according to Choose Chicago, the city's tourism arm.

Publisher: Eater Chicago
Date: 2020-04-09T13:30:00-05:00
Author: Ari Bendersky
Twitter: @eaterchicago
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