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Taxes are too high in Turkey
BS. The money will end up in the hands of those who will turn around and hand it over to the Chinese government for a kickback. Just like MOST of the other stimulus money that was supposed to help small AMERICAN businesses!
Define small and midsize. Because that's who the first loans were supposed to go to, instead half of them went to wealthy corprorations.
See nine key moments from Fed Chairman Jerome Powell's press conference Wednesday and why they matter
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Mnuchin defends $500 billion federal lending program to large corporations: WaPo - Business InsiderThe program doesn't impose significant restrictions on executive pay or worker layoffs, fueling concerns corporations will reward shareholders. The stock market sounds like an incredibly expensive thing to maintain. Should get rid of it altogether
Source: BusinessInsider - 🏆 729. / 51 Read more »
Big banks have been temporarily locked out of the small business lending program - Business InsiderThe move comes after concerns that small lenders serving businesses owned by people of color would have to compete with big banks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Loopholes In Small Business Relief Program Allow Thriving Companies To Cash InThe Paycheck Protection Program is designed to help small businesses from falling off a cliff during the pandemic, but some companies on firm ground have gotten millions to expand. Could have been the point all along, no? Breaking news: WATER IS WET!! Oversight provided by Donald J Trump. EPIC FAIL AGAIN
Source: NPR - 🏆 96. / 63 Read more »
Global Markets Follow U.S. Stocks HigherStocks rose following a rally in U.S. markets on Federal Reserve assurances that it will continue with its stimulus programs and on promising news on a coronavirus treatment. The greatest scam in the world. Wealthiest people playing Russian roulette with “our money”. The stock market is essentially akin to high rollers in Las Vegas having high stakes games. Call me cynical.
Source: WSJ - 🏆 98. / 63 Read more »