Why cruise lines will be loser in $500 billion corporate bailout program for coronavirus - Business Insider

The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses.

Democrats are critical of aiding an industry that avoids federal taxes, but Trump has expressed a willingness to help them out.The coronavirus pandemic has effectively shut down the US economy over the last month, compelling the Trump administration to pass a $2 trillion stimulus package to rescue a collapsing economy.

But one sector hammered in the economic fallout won't qualify for emergency aid: cruise line companies. The savings is substantial. Carnival, for example, would have had to pony up $600 million in 2019 on its $3 billion in reported 2019 income,Carnival Corporation is incorporated inLiberia'The whole world's f---ed': A former Goldman Sachs hedge fund chief says coronavirus fallout will cause the 'largest insolvency event in all history' — and warns of another 20% plunge in stocks

Interesting

These are terrible corporate citizens - low paid foreign workers, tax heavens for incorporation, poor environmental practices and using behind opaque legal justifications! Don’t deserve a penny of Govt funds ! CLIAGlobal CarnivalCruise cruise CruiseNorwegian RoyalCaribbean

🖕

Let them seek aid from there own countries. The Grand Princess is a Bermuda Ship. Let Bermuda provide them aid.

they flaunt tax avoidance and expect us to save them..good one

I’m all for the $500 billion corporate loan program but these guys shouldn’t get a dime. Go to the country where you’re “headquarters are”.

Prison ships

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Why Germany has a low COVID-19 mortality rate - Business InsiderGermany had one of the highest rates of COVID-19 in Feb. Yet, it has one of the lowest mortality rates worldwide, thanks to its healthcare system. Team Germany got to the ppe first and fuck the rest of you Europe. Here come the Americans acting like they know health care. Spoke a little too soon. Their deaths are now over 150 a day and climbing
स्रोत: BusinessInsider - 🏆 729. / 51 और पढो »

Why coronavirus stock market crash is historic, has further to go: Raoul Pal - Business Insider'The whole world's f---ed': A former Goldman Sachs hedge fund chief says coronavirus fallout will cause the 'largest insolvency event in all history' — and warns of another 20% plunge in stocks 20% If we’re lucky. Sounds like something I would say, the worlds fucked !! Captain obvious shows up
स्रोत: BusinessInsider - 🏆 729. / 51 और पढो »

Opening a new restaurant during a pandemic? Why some chefs are moving forward with businessLaunching a new business seems illogical if not downright insane in the time of coronavirus — but these restaurants are doing just that. Take out only I hope! The mayor will be after them in no time. Police will show up and power shut off and rightly so. What is wrong with these people? Good for them. They're not buying this crap either.
स्रोत: latimesfood - 🏆 699. / 51 और पढो »