"It is imperative that limited taxpayer dollars go to help legitimate small businesses," he said in the letter to Jovita Carranza, the small business administrator.
The $660 billion program, the centerpiece of President Trump's economic rescue package, is intended to help small businesses and their workers stay afloat while quarantines and stay-at-home orders close shops and shutter economic activity.
After it became apparent that large firms were taking a sizable chunk of the finite funds, the Treasury Department clarified that big companies with access to capital markets should give the money back by May 7, or face a government review. Mr. Bennett has made it clear that he plans to keep the money unless the government tells him otherwise.
Not to change the topic here:
U.S. Supreme Court tells Gov. Wolf to defend business closure orders - lehighvalleylive.com
Sheri Drumm makes her cleaning rounds at the closed Tanger Outlets in Hershey. Views of the Capital region during the coronavirus pandemic, March 27, 2020. Dan Gleiter | dgleiter@pennlive.com
* * *
WASHINGTON, D.C. — The U.S. Supreme Court has given Gov. Tom Wolf until Monday to respond to a lawsuit that claims his coronavirus business closures are violating some Pennsylvanians' rights.
The state Supreme Court already shot down a version of the suit — ruling, essentially, that Wolf was within his statutory rights.
When Does a Small Business File for Bankruptcy? Questions and Answers - The New York Times
More than 40 percent of the nation's 30 million small businesses could close permanently in the next six months because of the coronavirus pandemic, according to a poll by the U.S. Chamber of Commerce.
Commercial bankruptcies in the first quarter of 2020 ticked up 4 percent from a year earlier, according to data from the American Bankruptcy Institute . But many of those filings were made before the pandemic, when the economy was healthy. Right now, some owners are waiting to find out if they will receive federal stimulus aid before deciding whether to file for bankruptcy protection.
The Business of Burps: Scientists Smell Profit in Cow Emissions - The New York Times
Cattle produce more methane than many large countries. A solution could be an ecological and financial breakthrough — and a Swiss biotech company may be on the cusp.
* * *
LANCASTER, England — Peaches, a brown-and-white Jersey cow weighing 1,200 pounds, was amiably following Edward Towers through a barn on a sunny March morning when the 6-year-old dug in her front hooves.
Mr. Towers, a 28-year-old-farmer whose family owns Brades Farm, near Britain's rugged Lake District, slapped Peaches gently to move her along. She didn't budge. Already muddy from a morning herding hundreds of cows to a milking session, Mr. Towers leaned all his weight into Peaches' ample backside, until she finally stepped through a metal gate that would hold her head still for an exam.
Not to change the topic here:
An Apple business you don't know that bets on big coronavirus growth
It's an Apple business most people don't know much about, if they know it at all: Claris, which sells the low-code application development software called FileMaker.
"There is a massive opportunity for low code to help in the Covid-19 situation," said Claris CEO Brad Freitag, who took the reins at the company last year and rebranded what had long been known as FileMaker under the Claris name .
That's particularly true in some of the sectors with the most immediate need to quickly develop new and unexpected solutions as a result of the pandemic, including government, health care, education and nonprofits.
Mark Cuban: Texas business reopening 'more show than go'
/arc-anglerfish-arc2-prod-dmn.s3.amazonaws.com/public/GREC2TUMC5AI5FKCI36BKJGDRQ.jpg)
Business Jets Not Getting Dumped In This Downturn As Owners Hang Onto Sanitary Travel Capsules
Today you can't pry private jets from owners' hands despite crazy economic gyrations that would normally spook them into selling, and a business jet fleet that's essentially been sitting idle awaiting lockdown orders to be lifted.
This is in stunning contrast to the financial crisis of 2007-2008 when business aircraft owners stampeded for the exits. Before that, 10%-12% of the fleet was typically for sale at any given time. As the floor of financial markets fell out, it quickly ballooned to 18%, meaning that nearly 1 in 5 of all the world's jets had a for sale sign taped in their windshield.
Business Owners See Uncertainty About Reopening : NPR
Gillson Trucking co-owner Harsimran Singh (right), seen with his partner Bikramjit Singh, says his trucks that haul produce are mostly idle because restaurants have shut down. Ryan Ram hide caption
Normally, spring is the time when Gillson Trucking's fleet of 150 trucks are at their busiest, transporting strawberries and lettuce from the farms of California's Central Valley to restaurants in the Northeast and Midwest.
But with most of the country's restaurants shut down indefinitely, the trucks are mostly sitting idle right now.
No comments:
Post a Comment