It might have only taken a few court fights and a Capitol Hill lobbying campaign, but payday lending companies managed to get a cut of the near-$700 billion relief fund set aside by Washington to help the country’s small businesses weather the coronavirus outbreak. Records of who received loans under the Paycheck Protection Program released last week show that 35 companies that provide payday loans, car title loans, and other high-interest, low-dollar borrowing options netted millions of dollars in federal coronavirus aid—anywhere from $9 billion to $23 billion, in total. The Small Business Administration, which administers the PPP, does not release […]
Payday
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Car manufacturer Tesla has seen a rise in stock value in recent weeks following shock sales amid the coronavirus pandemic, which has crashed emand for automobiles. The surprise increase saw owner Elon Musk granted a Chief Executive Officer Elon Musk could pocket up to $1.8 billion in a day due to Tesla Inc’s stock surge, which would be the second big gain from the electric car manufacturer in around two months. Driven by a surprise increase in car deliveries, Tesla’s shares have increased over 40% in the past seven sessions, increasing market capitalization for the company to $259 billion. Tesla’s average […]
Payday Report: Strikes Spread And Union Organizing Grows By Mike Elk, Payday Report. May 17, 2020 Payday Report: Strikes Spread And Union Organizing Grows2020-05-172020-05-17https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/justie.jpg200px200px Above photo: Alex Palma, a member of the independent union Familias Unidas por la Justicia waves his union flag outside of his plant in Yakima Valley, Wash. State. Evan Abell/ Yakima Herald-Republic. 205 Strikes On the Map The Payday Strike Tracking Map continues to grow this week with 206 strikes now up on the board. The map now includes the growing wildcat fruit workers strike wave in the Yakima Valley of Washington State and a growing movement of truckers striking […]