US stimulus actions were a 'drunken binge': Chamath Palihapatiya - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Billionaire Chamath Palihapitiya says the Fed and Treasury's actions at the start of coronavirus were a 6-week-long 'drunken binge'

and the other companies that needed help to bridge the time between the coronavirus and a normal resumption of business." hours in recent weeks, despite a provision of the federal coronavirus bailout prohibiting layoffs or furloughs before September 30.

He noted that American Airlines is looking to cut jobs on 1 October, meaning the bailout was, in his eyes, essentially pointless."In no event did this capital do anything other than dilute the actual problem in hand and confuse us all into thinking what the problem was."A venture capital fund set up by 2 ex-Googlers has raised a $60 million to invest in deep tech

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Biden's Instagram influencer strategy, virtual campaign - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Great Twitter Numbers One Two Three Four Five Six Seven Eight Nine Ten Eleven Twelve Thirteen Fourteen Fifteen Sixteen Seventeen Eighteen Nineteen Twenty. BIDEN=CHILD ABUSER 😤😠
Source: BusinessInsider - 🏆 729. / 51 Read more »

30 quotes that take you inside Albert Einstein's brilliant mind - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Einstein had a brilliant mind but also had a set of brilliant Maths Proffs on his team, Einstein had a vision and an idea and would get the maths worked out with his team of Maths Proffessors.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A VC firm is launching #JuneteenthVC day of action to combat racism - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Who needs venture capital when you can get it through sSweat equity
Source: BusinessInsider - 🏆 729. / 51 Read more »

How the US can immediately begin rooting out systemic racism - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bolton: Trump asked China to buy US products to help win 2020 election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. is that with or without tarriffs? What a whimp. jimcramer is sucking Jim_Jordan for materials
Source: BusinessInsider - 🏆 729. / 51 Read more »

US retail and food sales surged 18% in May compared with April - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Worth the deaths? Not to me. NOT to mention 26,000 new cases and 809 deaths in the US, in the last 24hrs... But hey, at least shoe sales and brunch can carry on... 😶
Source: BusinessInsider - 🏆 729. / 51 Read more »