Paycheck Protection Program data released by Small Business Administration after lawsuit shows largest borrowers – The Washington Post

Paycheck Protection Program data released by Small Business Administration after lawsuit shows largest borrowers – The Washington Post

No surprise here. The definition of small business was allowed to be defined at the location level for large chains. Hence as long as a chain didn’t employ more than 500 at a restaurant, each location  was deemed a small business. And for many, the PPP became a creative game of managing payroll to maximize …

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Opinion | Remote education is a failure – The Washington Post

Opinion | Remote education is a failure – The Washington Post

Online learning is failing. It accentuates class divides between public and private schools and across social classes. And this is in the developed world. The challenges in developing countries to successful online learning are far greater. https://www.washingtonpost.com/opinions/2020/12/02/remote-education-failure-coronavirus/?utm_campaign=wp_opinions_pm&utm_medium=email&utm_source=newsletter&wpisrc=nl_popns

The Trump administration may privatize Fannie Mae and Freddie Mac — and it could disrupt the nation’s housing-finance system – MarketWatch

The Trump administration may privatize Fannie Mae and Freddie Mac — and it could disrupt the nation’s housing-finance system – MarketWatch

A fully privatized mortgage market will fundamentally change mortgage credit. The US is the only mortgage market in the world with a fixed rate for 30 years. It only works because most mortgages have no credit risk. Once you remove the govt guarantee you then have both credit risk and interest rate risk.  Investors facing …

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