US airlines are preparing to lay off tens of thousands of employees unless they get additional federal aid. The industry has been struggling to stay afloat amid an unprecedented collapse in air travel due to the Covid pandemic. American Airlines CEO Doug Parker said late Wednesday that the carrier has no choice but to cut 19,000 jobs after attempts to get more federal money failed. The CEO of United […]
Bailout
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Earlier on Sunday, British business leaders berated Health Secretary Matt Hancock for “scaremongering” talk about a possible second national lockdown that they said risks “untold damage” to businesses trying to recover from the first one. UK Treasury officials are considering a £30 billion ($40 billion) tax raid on the wealthy to fill a gap in the country’s finances caused by the COVID-19 crisis, The Sunday Times […]
Earlier this week, a New York Times article read: “Hands are out as Congress is set to begin negotiating a new round of pandemic stimulus. Airlines, hotels, restaurants. Military contractors and banks. Even Broadway actors.” That “even” hit many of us working theater artists hard. Let me tell you why. The arts in New York City is a major economic engine. According to a study commissioned […]
In perhaps what is a bellwether to other states and cities run by far left wackjobs who let terrorists run wild, the federal government has denied Minnesota governor Tim Walz’s request for funding to rebuild Minneapolis after the series of riots ravaged the once great city. Surely other governors and mayors will be begging the feds for a bailout, as the rioters also destroyed Atlanta, Seattle, […]
At least 75 crypto and blockchain firms received approximately $30 million in government-backed PPP loans during the COVID-19 economic crunch while Binance continues to donate personal protective equipment equipment through its charitable wing. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. […]
Michigan Governor Gretchen Whitmer is famous for her tyrannical rule, her blind ambition, and her raw hatred for those who disagree with her. In March crazed Democrat Michigan Governor Gretchen Whitmer prohibited big box retailers from in-person sale of seeds because according to her, plant seeds were non-essential. Whitmer also called on Home Depot and Lowes to close off certain sections like flooring, garden centers and […]
Crypto companies hard hit by the economic impact of COVID-19 have had a plea for a 100 million Swiss franc ($103 million) bailout rejected by Switzerland’s government. Local news site Tages-Anzeiger reported Wednesday that Heinz Taennler, finance director of the canton of Zug, had been denied a call for assistance for local blockchain startups through a sovereign wealth fund. Taennler had planned to issue loans to […]
Another Bank Bailout Under Cover Of A Virus By Ellen Brown, Web of Debt. May 20, 2020 Another Bank Bailout Under Cover Of A Virus2020-05-202020-05-20https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/maxresdefault-2-e1589992334679.jpg200px200px Above photo: Friends of the Earth Scotland. Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities. When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, […]
By Rachana Pradhan and Fred Schulte | Kaiser Health News The Trump administration has sent hundreds of millions of dollars in pandemic-related bailouts to health care providers with checkered histories, including a Florida-based cancer center that agreed to pay a $100 million criminal penalty as part of a federal antitrust investigation. At least half of the top 10 recipients, part of a group that received $20 […]