Stimulus package: More money for small businesses could have to wait weeks, Pelosi indicates

[baseline bum]

Watching colleges with multibillion dollar endowments call everything off gives me a shiver of fear about the higher education in the US. They were already leaning hard on adjuncts, now those have been largely remaindered.

Something's gotta give.That model ian't sustainable.

What are they saving their powder for?

Which schools are shutting down? Tuition isn't enough rape for them to get by, they need to kids over on dorms, books, food, gym memberships, and too? No way they aren't tacking on big distance learning fees right now.

[baseline bum]

Interesting rant from a small business owner who got ed by the PPP

[Trainwreck2100]

If only those businesses had stuff months of disaster savings, it's bootstraps time

[boutons_deux]

Watching colleges with multibillion dollar endowments call everything off gives me a shiver of fear about the higher education in the US. They were already leaning hard on adjuncts, now those have been largely remaindered.

Something's gotta give.That model ian't sustainable.

What are they saving their powder for?

$M salaries and, multi $100K salaries, super-cushy pensions for the Presidents, professors, top staff.

It's the Capitalist "corporate model", total greed while delivering the tiest possible product for highest possible price.

[leemajors]

Interesting rant from a small business owner who got ed by the PPP

VC companies with a dozen employees got there first

[RandomGuy]

Unless people feel safe, it won't matter how many times Trump, your governor, your mayor and the Chamber of Commerce say olly olly oxen free. They'll still hunker down and socially distance.

That's why reopening the economy has to be based on mass testing, social tracing and effective containment measures that the former make possible. It has to be based on actually controlling the pandemic (until we have a vaccine or the equivalent.)

Eyup.

One party is calling for a ramp up in testing.

One is blaming China and the WHO in a storm of argle bargle.

Only one of those two narratives is pushing for an actual solution that fits the science.

[RandomGuy]

VC companies with a dozen employees got there first

The well-banked were heavily favored.

Pelosi is trying to fix that in the next round.

[Thread]

Eyup.

One party is calling for a ramp up in testing.

One is blaming China and the WHO in a storm of argle bargle.

Only one of those two narratives is pushing for an actual solution that fits the science.

Ha! (the science) changes by the hour & by the politics & CNN news writers. It's a in' joke. They're running as fast as they can to stay ahead of the old man and the sorties fired into China. I'd believe them no more than I'd believe the man-in-the- in'-moon.

[leemajors]

The well-banked were heavily favored.

Pelosi is trying to fix that in the next round.

Doubtful, she is just as bad as the rest.

[vy65]

VC companies with a dozen employees got there first

So there are currently two class actions on this issue - whether banks can prefer their own customers or set their own eligibility criteria. One is in Maryland the other in Houston. The judge in the Maryland class action denied a TRO seeking to stop Bank of America from doing this stuff. Nothing is going on in the Houston case - a status conference is set in July.

The problem is that the CARES Act doesn't provide a private right of action, so it's hard to see how private citizens/businesses have standing to raise any of these issues.

[leemajors]

https://www.wsj.com/articles/ruths-c...nAGqdsF5Iqta7o

Ruth’s Chris Steak House Gets $20 Million From Coronavirus Aid Program

[baseline bum]

https://www.wsj.com/articles/ruths-c...nAGqdsF5Iqta7o

Yeah that video I posted rants about them getting that when the limit was $10 million.

[boutons_deux]

Mitch McConnell is the roadblock to a new stimulus bill as Trump sides with Democrats

McConnell has drawn a line in the sand and is refusing to negotiate with Democratic leaders, Sen. Chuck Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA)

even though they have a powerful ally: President Donald Trump.

Democrats are pushing for a larger stimulus package that will not only help desperate companies with the Paycheck Protection Program, but also one that

covers “struggling states and municipalities,
financially strapped hospitals, and
families relying on food stamps.”

“President Trump told senators during a phone call Thursday that

he’s open to attaching money for hospitals and state and local governments to an additional $250 billion

for a popular Small Business Administration (SBA) lending program,”

https://www.rawstory.com/2020/04/mitch-mcconnell-is-the-roadblock-to-a-new-stimulus-bill-as-trump-sides-with-democrats-report/