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Scoop.it!
Mitch McConnell is expected to unveil a $1tn stimulus package, as the US records more than 1,000 Covid deaths per day.Plus, why we have 100 days to save the planet... 
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Scoop.it!
While corrupt elected officials and elites feed at the public trough, the economic collapse is hitting people in the United States hard. According to the newly released Bureau of Labor Statistics figures 47.2 percent of working-age people are without work and businesses are finding it impossible...
The Swarm's insight:
Why couldn't the workers who needed help get their fair share? Because Donald Trump couldn't ignore his greed long enough to do his job. It's a mistake he will regret come Election Day.
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From
nypost
Big banks bagged a fortune in fees from distributing cash in the US government's aid program for small businesses stricken by the coronavirus, according to fresh data.
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That’s the question taxpayers should be asking as the Trump administration refuses to reveal where a half-trillion dollars of our hard-earned cash has gone.
The Swarm's insight:
Inquiring minds want to know if embezzlement is an impeachable offence. After all, it's not nice to rip off Uncle Sam. That goes double for the Heretic in the Oval Office and the Patrons of Greed in the GOP leadership.
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Donald Trump and congressional leaders are trying to pass a new €874 billion package to help the US economy but disagree over COVID-19 testing funds.
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Three companies including Gate Gourmet, a global provider of airline meals, received $338 million in relief money for workers — and laid workers off anyway.
The Swarm's insight:
So many companies are ripping us off, to the point where the corporate parasites in the travel industry will double-cross anybody, because protections are weak and the consequences are few.
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The Small Business Administration (SBA) said it plans to disclose the names, addresses, zip codes, demographic data and industry codes of the borrowers who received at least $150,000. The SBA says it won’t divulge specific loan amounts, with loans grouped into one of five categories: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million and $5 million to $10 million.
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A Home panel overseeing the coronavirus response is launching probes into how a number of banks, together with JPMorgan Chase, Bank of America, Wells Fargo & Co and Citigroup Inc., made choices about find out how to implement small-business loans underneath the federal government’s Paycheck Safety Program.
The Swarm's insight:
"The investigations, launched by the Democratic-led Choose Subcommittee on the Coronavirus Disaster, is looking for to find out whether or not banks and Treasury Division steerage favored bigger, well-connected companies over smaller firms from rural or minority communities when making small enterprise loans to fight the financial fallout from the coronavirus pandemic." - By Laura Davison and Mark Niquette, Bloomberg
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