acesfull86 (04-15-2020), thethe (04-15-2020)
Trump and I have never agreed more on a sentence
goldfly (04-20-2020), The Chosen One (04-15-2020)
Vince McMahon just paid the Florida GOP 18 million for wrestling to be classified as an essential business.
So anything's possible.
Forever Fredi
goldfly (04-20-2020)
The federal government gave national hotel and restaurant chains millions of dollars in grants before the $349 billion program ran out of money Thursday, leading to a backlash that prompted one company to give the money back and a Republican senator to say that “millions of dollars are being wasted.”
Thousands of traditional small businesses were unable to get funding from the program before it ran dry. As Congress and the White House near a deal to add an additional $310 billion to the program, some are calling for additional oversight and rule changes to prevent bigger chains from accepting any more money.
Ruth’s Chris Steak House, a chain that has 150 locations and is valued at $250 million, reported receiving $20 million in funding from the small business portion of the bailout legislation called the Paycheck Protection Program. The Potbelly chain of sandwich shops, which has more than 400 locations and a value of $89 million, reported receiving $10 million last week.
Shake Shack, a $1.6 billion burger-and-fries chain based in New York City, received $10 million. After complaints from small business advocates after the fund went dry, company founder Danny Meyer and chief executive Randy Garutti announced Sunday evening that they would return the money.
https://www.washingtonpost.com/busin...source=twitter
I'm surprised that companies of that size and with access to capital markets were allowed to borrow from the PPP funds.
My small business did get approved by my bank last week for a PPP loan (less than $200K) so I can't complain. The program can really help small businesses stay afloat. And I'm glad Congress is going to provide more funds for it.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
If only there were in an independent Inspector General that was tasked with overseeing the distribution of the funds so things like this wouldn't happen.
Would be a shame if the stimulus bill created one and then days after the bill passed they got fired...
Forever Fredi
Oil barrel closed today at -37.63
You didn’t read that wrong
"For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman
"When Fascism comes to America, it will be wrapped in the flag and carrying a cross"
Buddy of mine says the Nymex settles every day at 230.
There will probably be suicides over that today.
Said many people lost over 5+ million if you only had 100k barrels, and that’s a small quantity for most
Ivermectin Man
This is worse than when the orange juice concentrate futures collapsed back in 1983.
goldfly (04-20-2020)
"For there is always light, if only we are brave enough to see it. If only we are brave enough to be it." Amanda Gorman
"When Fascism comes to America, it will be wrapped in the flag and carrying a cross"