At least four members of congress are confirmed to have received loans from the SBA’s paycheck protection program. It is unknown how many more members of congress could have also gotten loans. Some lawmakers who benefited also opposed legislation requiring lending transparency for the program. When congress approved half a trillion dollars for small business loans earlier this year, there was a scramble to apply. … Continue reading Members of Congress Revealed to have Benefited from Federal Small Business Loan Program
Presumptive Democratic Presidential Nominee Joe Biden has published an opinion essay arguing against calls from around the country to defund police.
In the essay, Biden advocates giving police departments “an additional $300 million to reinvigorate community policing in our country.” Continue reading Joe Biden Rejects Idea of Defunding Police, Wants to Give them $300 Million Instead
A new report by the Institute for Policy Studies (IPS) has found that US billionaire’s wealth as a group has increased by over half a trillion dollars.
This figure represents a 19% increase over the period since March. Continue reading Report: US Billionaire’s Wealth Has Increased by over Half a Trillion During Covid-19 Pandemic
New startling data reveal than just 29% of the unemployed in the U.S. received benefits in the month of March. Payment rates varied among states. In the worst state, Florida, only 7.6% of claimants received benefits. Continue reading Study: Less than 1/3 of Unemployed Americans Received Benefits in March
As of 4/27, the billionaire mogul’s net worth was $144 billion, up from $113 earlier in the month — a 27% increase. Continue reading Jeff Bezos is Over $30 Billion Richer Amid Covid-19 Pandemic
Disney has cut pay for 100,000 in response to the Covid 19 pandemic. Abigail Disney, grand-niece of founder Walt Disney, publicly criticized the move. A $1.5 billion dividend package for investors and executives will be left intact. Continue reading “WHAT THE ACTUAL F***??” Abigail Disney calls out Disney for Cutting Pay for 100,000 Workers
This is the fifth historic week for unemployment numbers, bringing the total to 26.5 million since March 14th. Continue reading Additional 4.4 Million Americans Filed for Unemployment This Week
New data show that nearly 1/3 of U.S. renters did not pay rent for the month of April.
The Covid-19 pandemic continues to ravage economic life for workers in the U.S. Continue reading Nearly 1/3 of Renters Did Not Pay Rent in April
22 million people, or 13.5% of the entire U.S. workforce has filed for unemployment in the last month. Continue reading 22 Million People Have Filed For Unemployment in the Last Month
Retail spending cratered a record 8.7% in March. The new record dwarfs the previous record of 3.9%. Continue reading Retail Sales Plunge Record 8.7% Last Month