Tag: covid-19

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

Time to open the friendly skies.

Time to open the friendly skies.

As I’ve previously posted, there is extremely low risk from flying. Opening up flying saves the airlines and tourist dependent regions.Allowing those with covid negative tests to fly is about the safest way to reopen economies. The US and EU should create uniform test criteria that would be accepted in all states and EU member …

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NYTimes: Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find

NYTimes: Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find

US intelligence concensus adds more nuance of China’s role in the Covid19 outbreak. Far from being a top down Beijing controlled conspiracy of silence, it was in fact local officials shielding information from Beijing Local Officials in China Hid Coronavirus Dangers From Beijing, U.S. Agencies Find https://nyti.ms/2EbxVnr

Investors brace for consumer debt defaults if US relief stalls | Financial Times

Investors brace for consumer debt defaults if US relief stalls | Financial Times

Several issues to consider – 1) how much have loan modifications and forbearance artificially suppressed defaults and delinquencies, 2) how many jobs have been permanently lost due to downsizing and company BK, 3) how many jobs are vulnerable to the ebb and flow of reopening economy. The reopening economy jobs should be targeted by directly …

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On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

On eve of bankruptcy, U.S. firms shower execs with bonuses | Article [AMP] | Reuters

Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …

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School closures force parents to choose between family and work

School closures force parents to choose between family and work

Article neatly highlights the double poverty  burden of Covid rules – poor working women who don’t can’t afford to hire childcare providers and children who disproportionately suffer from home schooling. The evidence shows that opening schools presenta relatively low risk. But when the voiceless disproportionately suffer who will listen? Boris Johnson telling the employer to …

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