‘The Big Guys Get Bailed Out’: Restaurants Vie for Relief Funds
The provision, in a section outlining which small businesses qualify for loans from the federal government, allowed big chains like Shake Shack, Potbelly and Ruth’s Chris Steak House to get tens of millions of dollars while many smaller restaurants walked away with nothing when the $349 billion fund was exhausted last week.
house funds guys
GoogleRelated Articles
White House rejects bailout for U.S. Postal Service battered by coronavirus
Trump threatened to veto the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or Cares, Act if the legislation contained any money directed to bail out the postal agency, according to a senior Trump Administration official and congressional official. Gary Peters (D-Mich.) and Ron Johnson (R-Wis.) added a last minute $10 billion Treasury Department loan to the Cares Act to keep the agency on firmer ground through the spring 2020
trump house battered
Google
UK airline Flybe is almost bankrupt due to the coronavirus
The flagging UK airline Flybe has been driven to the brink of bankruptcy due to the coronavirus outbreak's negative effect on bookings, which has made situations worse for the financially troubled company. Flybe estimates it has enough funds to survive until the end of the month, after which it will need the UK government to release funds to ensure its survival, a move that faces fierce opposition from rival airlines.
uk government outbreak british airline support survival coronavirus flybe bankruptcy funds bookings
BBC