17 Dec

Small business loan program out of money amid impasse over new funds

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The initial $349 billion pool for emergency loans for small businesses derailed by the coronavirus pandemic has run dry as Republicans and Democrats squabble over how to replenish the relief program.The Treasury Department and Small Business Administration (SBA) have tapped the entirety of funding allotted for the Paycheck Protection Program (PPP), which offers forgivable loans to small businesses intended to keep workers on payroll and small firms from going under.“The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP lenders at this time,” the SBA said in a statement Thursday morning.The SBA also said that the $10 billion Congress appropriated for Economic Injury Disaster Loans had dried up. The program was meant to get fast cash to businesses, providing them with a $10,000 advance within just a few days of application for loans of up to $2 million.last_img read more

19 Oct

Washington troops hit with coronavirus after protests

first_imgTopics : Members of the Washington DC national guard have tested positive for coronavirus in the wake of their deployment during recent protests in the US capital, the guard said Tuesday.DC National Guard spokeswoman Lieutenant Colonel Brooke Davis said they could not reveal the number of positive tests due to “operational security.”She said they came after the 1,700 members were demobilized following service during the protests that erupted in front of the White House and elsewhere over the killing of African American George Floyd by a Minneapolis police officer. The guard were mobilized by the mayor and then the federal government on June 1 to help keep order after protests turned into rioting and looting.They were screened for COVID-19 before and after deployment, Davis said.While many protesters wore masks during the unrest not all did, and many law enforcement and guard personnel also went without.”National Guard personnel are social distancing and use of PPE measures remained in place where practical throughout” the deployment, Davis said.center_img COVID-19 has claimed almost 112,000 lives in the United States since it spread from China and Europe earlier this year. The country has registered some two million cases — from a worldwide total of 7.2 million.last_img read more

17 Aug

PATA Annual Tourism Monitor 2014 Final Edition available

first_imgMyanmar topped the IVA growth chart with a half-year growth rate of almost 29 percent, just ahead of Chinese Taipei and Japan.Source = ETB Travel News: Lewis Wiseman The Pacific Asia Travel Association (PATA) is pleased to announce that the Annual Tourism Monitor (ATM) 2014 Final Edition is now available.Following the release of the Early Edition this year, the Final Edition includes updated and additional tourism-related information for 2013 that was not available in the Early Edition, as well as a 2014 year-to-date overview of tourism trends across the Asia Pacific region.  PATA chief executive officer Mario Hardy, said that the report provides the industry overview for this year.“This report, in addition to the PATA Asia Pacific Visitor Forecasts 2014-2018 released earlier this year and PATAmPOWER, provides all of us in travel and tourism a robust view of the industry. These are indispensible tools to assist those making important decision for allocating their resources in the future,” Mr Hardy said. Highlights of the ATM 2014 Final Edition include international visitor arrivals (IVAs) into the Asia Pacific region rising from 226 million for the first period of 2013 to just over 238 million for the first period of 2014.The Americas showed the strongest percentage increase of more than eight percent for the first period of 2014, while Asia led the pack with an incremental increase of 8.3 million in arrivals.last_img read more