Category: #Money
Fed pulls out $2T lending bazooka to boost businesses, cities
The Federal Reserve on Thursday unveiled emergency programs that could dole out more than $2 trillion in loans to businesses of all sizes, as well…
Twitter’s Jack Dorsey becomes biggest public philanthropist amid coronavirus crisis
The Twitter and Square CEO and founder is pledging $1 billion of his own money to help address the devastation caused by the coronavirus outbreak….
Gig Workers’ New Unemployment Benefits Won’t Come Quickly
The $2 trillion coronavirus relief bill makes contractors eligible for unemployment insurance. But states want pay stubs that ride-hail drivers don’t have. Source: https://www.wired.com/story/gig-workers-unemployment-benefits-wont-come-quickly/ Droolin’…
Trump threatens World Health Organization funding
President Donald Trump on Tuesday threatened to slash federal funding for the World Health Organization, accusing the United Nations public health agency of being “very…
Trump's net worth plunges $1 billion in less than a month
After markets turned due to the coronavirus pandemic, Forbes recalculated Trump’s fortune ahead of annual billionaires ranking Source: https://www.independent.co.uk/news/world/americas/trump-net-worth-business-money-fortune-down-forbes-billionaires-coronavirus-a9453096.html Droolin’ Dog sniffed out this story…
Great, Now All That Dumped Milk Could Kill Fish
The coronavirus pandemic has upended the U.S. food system. Shuttered restaurants are forcing farmers to leave produce rotting in fields and dumping out perfectly good milk….
35 million Americans could be left without health insurance as former Fed chair warns 'depression levels' of unemployment
Layoffs and mass unemployment following coronavirus pandemic could spike uninsured rate not seen in decade Source: https://www.independent.co.uk/news/world/americas/health-insurance-coronavirus-us-unemployment-claims-medicaid-a9451151.html Droolin’ Dog sniffed out this story and shared…
Lady Gaga raises $35m for World Health Organisation and announces 'One World' coronavirus benefit concert
Paul McCartney, Billie Eilish, Elton John and Lizzo will perform in the concert, which will be streamed across the internet Source: https://www.independent.co.uk/arts-entertainment/music/news/lady-gaga-coronavirus-concert-global-citizen-one-world-together-at-home-who-date-stream-bbc-youtube-a9451231.html Indie Brew found…
Boris Johnson is in intensive care after his coronavirus symptoms worsened
United Kingdom Prime Minister Boris Johnson has been moved to the intensive care unit of London’s St. Thomas Hospital after his coronavirus symptoms worsened on…
Coronavirus: Trump properties losing $1 million daily and forced to lay off 500 workers, report claims
Only 11 guests in one 263 room hotel in March, employee tells The Wall Street Journal Source: https://www.independent.co.uk/news/world/americas/coronavirus-trump-hotel-business-workers-pay-a9446336.html Droolin’ Dog sniffed out this story and…
Banks warn of chaotic launch of small business lending program
Banks are warning that a $350 billion lending program for struggling small businesses won’t be ready when it launches Friday because the Trump administration has…
US jobless claims surge to record 10 MILLION amid coronavirus lockdown
Over 6.6 million Americans filed for unemployment benefits for the week ending March 28. The number of claims has grown to 10 million over the…
Georgia Republican Senator Kelly Loeffler sold off even more stock after coronavirus briefing than previously reported
Freshman GOP senator shed $18.7m in stock in trading company where her husband is CEO after publicly assuring Americans economy was ‘strong’ and job numbers…
How Congress will keep an eye on $2 trillion in coronavirus money
When Congress doles out massive amounts of taxpayer money at breakneck speed, safeguards against abuse, waste and graft aren’t always airtight. So when Congress raced…
Italy’s social security website hit by hacker attack
Computer hackers have attacked Italy’s social security website, forcing it to shut down on Wednesday just as people were starting to apply for coronavirus benefits,…
AOC calls for end to 'preferential treatment' for wealthy in coronavirus response
Congresswoman says measures introduced so far to alleviate coronavirus impact will exacerbate racial and class divides Source: https://www.independent.co.uk/news/world/americas/us-politics/coronavirus-aoc-new-york-rent-freeze-cuomo-ocasio-cortez-a9440816.html Droolin’ Dog sniffed out this story and…
Stocks post worst quarter since 2008 financial crisis
The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and Nasdaq posting their worst quarter in…
German zoos ask Merkel for funds to feed animals during crisis
Zoos in Germany have written to Chancellor Angela Merkel pleading for 100 million euros to help them look after their animals during the coronavirus crisis….
Stockpile of US-manufactured ventilators sold overseas: report
A Pennsylvania company that received $13.8 million in tax dollars to produce cheap, portable ventilators is now selling them overseas as the U.S. scrambles to find…
'Trump's presidency is for enriching his corporate polluter friends': President set to gut Obama vehicle rule that tackled emissions and pollution
Opponents say the president is driven by the desire to undo Mr Obama’s work and the decision will kill several hundred more Americans a year…
The economy has been forced to slow down – for the good of us all
We have decided we care more about people than profit, at least for now. But happens when you can no longer be evicted by your…
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