(CNN) The US House of Representatives will vote to send an additional $310 billion to the Small Business Administration's emergency lending program , kicking off the second run at a program that faced glitches , hurdles, problems and public outcry in its initial rollout.
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Tucker Carlson rips universities for accepting coronavirus aid money: 'They do enough harm
American young people are poor, but the schools that 'educate' them are incredibly wealthy. They're getting a bailout young people could only dream of.
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Tucker Carlson blasted American universities and the federal government Wednesday night after some of the country's richest colleges received $ 14 billion in coronavirus aid money meant for small businesses .
The Gap is running out of money and stopped paying rent - CNN
Will 'Real' Small Businesses Get the Money This Time? - The New York Times
Congress moved closer to shoring up the federal small-business rescue fund . But expect a closer eye on who gets money, after public outrage that big companies tapped the first round.
There will be a closer eye on where this round of money goes , after data showed that over 80 public companies borrowed from a fund for needy small firms:
• The law school professor Tim Wu has proposed a potential safeguard: Reserve half the new money for "real" small businesses with fewer than 25 employees.
In case you are keeping track:
World Health Organization: what does it spend its money on?
Sumit Mazumdar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
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The recent decision by US President Donald Trump to halt US funding to the World Health Organization (WHO) in the middle of the coronavirus pandemic sparked a major controversy. The US is one of the largest donors to the WHO, contributing nearly US$90 million (£72.7 million), or about 16% of the organisation's total budget in 2018-19.
As federal stimulus checks arrive, how are people spending the money? - The Boston Globe
For many of us, it's much-needed rent and grocery money. For others, a chance to pay down debt, or pad thin savings accounts in case things get worse. And for some, it's money to donate to a local charity, or support a struggling small business.
The coronavirus stimulus checks that landed in the bank accounts of tens of millions of Americans last week mean a lot of different things to different people. Taken together, the $290 billion program — which will deliver $1,200 per adult and $500 per child to the vast majority of working- and middle-class households in the United States — is the largest such direct relief effort this country has ever seen.
Facebook has a big new plan to make money in India - The Verge
One challenge with writing about vast multinational corporations that have unfathomably large user bases is that they occasionally wade into subjects that I personally know nothing about. For example, the Indian telecom market, in which Facebook is now a significant player . Late on Tuesday, the company announced that it had invested $5.7 billion in Jio Platforms Limited, making it the company's largest minority shareholder.
One, India is one of the world's biggest markets, and the extent to which Facebook succeeds there could determine much of its medium-term future. Two, Facebook's history in India is complicated, as an effort to provide free Facebook access drew criticism from net neutrality activists and led to complaints of digital colonialism .
Opinion | The Money Machine That Can Save Cities - The New York Times
State and local budgets across the United States are beginning to buckle under the economic strain caused by Covid-19. Because the economy is essentially in a medically induced coma, sales tax revenue and revenue from other business taxes have dried up. That means the funds to take care of communities — to pay teachers, to support Medicaid, to hire emergency medical workers, to maintain roads, to build low-income housing — are also drying up.
Happening on Twitter
Tomorrow we'll find out how many more Americans got laid off in the last week. Those will be on Pelosi. She wasted… https://t.co/wmd8bLweur GOPLeader (from Bakersfield, CA) Wed Apr 22 12:27:38 +0000 2020
It doesn't inspire confidence that the government thought it could give small business bailout money to banks and t… https://t.co/WuYpI3kTIt waltshaub Wed Apr 22 12:45:44 +0000 2020
Harvard has one of the largest endowments anywhere in the country—and they will not keep money intended for small b… https://t.co/8PJpRepJUK WhiteHouse (from Washington, D.C.) Tue Apr 21 23:10:42 +0000 2020
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