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Month: April 2020

Congress to keep PPP loans for big hotels, restaurants

Congress to keep PPP loans for big hotels, restaurants

Congress is expected to pass a bill Thursday that would plow another $310 billion into the Paycheck Protection Program fund after the program burned through an initial $350 billion in less than two weeks. But the new legislation does not change a controversial part of the program that has allowed a number of larger hotel and restaurant companies to claim multiple loans through the various subsidiaries and sidestep what some lawmakers say was supposed to be a $10 million-per-company cap.

One In Five LGBTQ+ People Are Already ‘Much Worse Off’ Financially Because Of Coronavirus

One In Five LGBTQ+ People Are Already ‘Much Worse Off’ Financially Because Of Coronavirus

A new report shows that LGBTQ+ people are more likely to have experienced a cut in work hours, with 30 percent of LGBTQ+ respondents experiencing a cut in comparison to 22 percent of the general population. They are nearly twice as likely as the general population to feel their personal finances are in worse shape due to the pandemic and are more likely to be taking steps to actively prepare for the virus. They are also more likely to trust public health officials and less likely to trust President Donald Trump’s leadership — just 14 percent of LGBTQ+ respondents said they trusted Trump as a source of information, compared to 22 percent of the general population.

Original Link on MTV