Business & Economy
Business & Economy
How The Small Business Loan Program Went Wrong In Just 4 Weeks
Not-so-small companies like Shake Shack and organizations like the LA Lakers were able to get loans that were meant for suffering small businesses. What happened?
I Said Hay, What’s Going On? Supply Chain Breakdown Hurting Big Northwest Ag Exports
An unprecedented number of ships have canceled their calls to the ports of Seattle and Tacoma. So far this year, there have been 32 canceled international sailings since January 1. That has created the shortage of shipping containers at those Northwest ports.
House Judiciary Committee Calls On Amazon’s Bezos To Testify
The House Judiciary Committee has threatened to subpoena Amazon founder Jeff Bezos if he does not voluntarily address the company possibly misleading Congress in earlier testimony.
Jay Inslee Extends Coronavirus Closures Through May, Outlines Phased Plan To Reopen
Washington’s ‘stay home’ order will extend until at least May 31. On Friday, Gov. Jay Inslee announced the new time frame and that businesses will be able to open over four phases.
Idaho Gov. Brad Little Begins Lifting Stay-Home Measures To ‘Re-open’ Economy
Idaho Governor Brad Little kicked off the process Thursday of “re-opening” the state after five weeks of “stay home, stay healthy” measures to help stem the spread of coronavirus.
A Staggering Toll: 30 Million Have Filed For Unemployment
Another 3.8 million people filed claims for unemployment last week, as the coronavirus pandemic continues to weigh on the U.S. job market. That brought the total for the past 6 weeks to 30.3 million.
‘Tip Of The Iceberg’: Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It’s the first quarterly drop in six years and a likely precursor to a deep recession.
3.4 Million Homeowners Skip Payments. But Many Are Scared, Say Congress Needs To Act
Homeowners say that to catch up on payments, lenders demand big balloon payments they can’t afford. Advocates want Congress to mandate that missed payments simply be added to the end of the loan term.
Small Business Loans Site Crashes On First Day Of Reopening
Bankers tell NPR that the SBA’s portal wouldn’t allow them to enter the loan application information that is needed to access the PPP program.
Pandemic Shutdown Is Speeding Up The Collapse Of Coal
Coal use has plummeted in part because it’s more expensive than natural gas or renewable energy. Mines are shutting down, and some power plants may run out of places to stockpile coal.
Washington Moves Toward Reopening Fishing, Hunting, Golfing, State Parks Beginning May 5
Fishing, hunting and golfing can resume on May 5 in Washington, at which time people can also return to state parks and other state lands for day trips, Gov. Jay Inslee announced Monday.
Why Ticket Holders Are Struggling To Get Refunds For Concerts And Live Events
Entertainment companies Live Nation and AEG have modified their refund policies for postponed events. Getting money back would depend on whether a concert or a game has a firm rescheduled date.
