Hello and welcome back to Equity , TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines.
After a pretty busy week on the show we’re here with our regular Friday episode, which means lots of venture rounds and new venture capital funds to dig into. Thankfully we had our full contingent on hand: Danny “Well, you see” Crichton , Natasha “Talk to me post-pandemic” Mascarenhas , Alex “Very shouty” Wilhelm and, behind the scenes, Chris “The Dad” Gates .
Not to change the topic here:
An 8-Year-Old Tried to Pay With Toy Money. It's Now on a Swiss Police File. - The New York Times
PARIS — When an 8-year-old boy walked into a village supermarket in northern Switzerland last month and tried to pay with a fake €50 bill, it seemed like mere childhood mischief.
The bill, with large Chinese lettering on it, was clearly toy money. The cashier immediately spotted it and threatened to call the police as the boy, along with a friend, left the store to meet his 10-year-old brother who was waiting outside.
It could have ended there. But after a police officer launched an investigation into the boy, took his mug shot and filed a report on the incident, it will now be on police records until at least 2025.
Where the Money Is for Small Businesses - The New York Times
This article is part of Owning the Future , a series on how small businesses across the country are coping with the coronavirus pandemic.
The pain and insecurity of the shock of the coronavirus on small business owners have been overwhelming. Entrepreneurs have taken extreme steps to stay operational, and many are deeply worried about their prospects in the coming months and beyond.
But help is out there. Federal, state and local governments, as well as communities, corporations and foundations have stepped up with financial resources.
Customs and Border Protection used money meant for food and medicine on dirt bikes and ATVs, says
Customs and Border Protection spent parts of a $112 million emergency fund meant to buy food, medicine and other items for migrants on all-terrain vehicles, dirt bikes and boats, according to a Government Accountability Office report published Thursday.
At the request of Congress, the GAO had examined CBP's books for how the agency spent its emergency allocations for "consumables and medical care" in 2019 and issued a legal opinion finding that CBP had used the funds for items that were not food, hygiene products or medicine. The GAO recommended that CBP fix its books to put expenses in the proper categories and pay for the items out of the right parts of its budget, or else it would be required to report its failure to do so.
Many things are taking place:
A second coronavirus stimulus check may be coming.
FOX Business' Blake Burman discusses what President Trump will cover at his roundtable in Dallas, Texas, and says Senate Democrats want to be briefed by Dr. Anthony Fauci, Dr. Deborah Birx and other members of the coronavirus task force as case numbers climb across the country.
Earlier this week, Treasury Secretary Steven Mnuchin suggested the Trump administration was considering sending Americans another round of stimulus checks to offset the financial pain caused by the coronavirus pandemic and the related economic lockdown.
The Ways Americans Have Spent Their Stimulus Money Shows Why More Could Be Needed | Smart Change:
As politicians ponder what to do, the data on how Americans spent their COVID-19 money shows exactly why more financial assistance could be needed by many.
* * *
According to a YouGov poll, most Americans who received stimulus money used it to address immediate -- and important -- financial needs:
Finding ways to cut your budget by eliminating non-essentials can also help you through tough times, as can talking with creditors who may be willing to work out a payment plan. By being proactive, hopefully you can find solutions to see you through unless or until the government gets more money into your pocket.
Is moving money from police into mental health the answer?
"We don't see it as an either-or that we can't get enough mental health unless there's less law enforcement," said Catherine Simonson, the chief client services officer at the Howard Center.
Simonson says their organization has not taken a position on the idea of defunding the police and reallocating that funding into social services. She instead highlighted their collaborations with law enforcement in Chittenden County, citing their long-running Street Outreach Team in Burlington and their newer Community Outreach Teams with half a dozen other municipalities.
Utility scammers are trying to get you money | News, Sports, Jobs - Weirton Daily Times
Dear Readers: Many have lost jobs or are struggling financially. The utility companies know this, and most are understanding about slow payment of bills. Scammers, however, are using this to cheat you out of money. Someone pretending to be from your utility company might call or visit and demand payment.
Utility companies always send letters about your payment status and would rather work out some sort of payment schedule than shut off utilities. So, beware!
Happening on Twitter
With less than 150 days until Election Day, the stakes couldn't be higher. We've got to fix Facebook to protect our… https://t.co/hnao3JQesh JoeBiden (from Wilmington, DE) Thu Jun 11 16:16:59 +0000 2020
NEW TONIGHT: @ninaturner and @reprokhanna are joining forces to take on the military industrial complex. Join them… https://t.co/SOJva27fKM ninaturner (from Cleveland, OH) Thu Jun 11 12:06:50 +0000 2020
Facebook employees consider work stoppage to push Zuckerberg to take action on Trump https://t.co/3kgF0cbtbJ MotherJones Thu Jun 11 11:17:35 +0000 2020
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