81–90 of 128 posts
Earlier quoted context omitted.
If GDP contracts 10% this year - a real possibility - there is literally zero chance of inflation. The real enemy is deflation.
Can you explain that?
Loans, even cheap ones, are a very shity way of "helping" small businesses and individuals. For example, a local restaurant where I live, will have to shut down for good in the next few days as they won't be able to afford their lease. If they get a loan for the lease, they'll be on the hook for that money with no guarantee of being able to pay it back and with way too much uncertainty in terms of when they'll be abl…
Loans, even cheap ones, are a very shity way of "helping" small businesses and individuals. For example, a local restaurant where I live, will have to shut down for good in the next few days as they won't be able to afford their lease. If they get a loan for the lease, they'll be on the hook for that money with no guarantee of being able to pay it back and with way too much uncertainty in terms of when they'll be abl…
The loan gives them a longer window during which they don't have to shut down. If the business takes a loan and later can't repay it, they go bankrupt. If they can repay it, they stay open. Bankruptcy might result in the loan being discharged and the business remaining open. The alternative is to close immediately and stop paying their workers. If that were my business, I'd take the loan, especially since it's federa…
Loans, even cheap ones, are a very shity way of "helping" small businesses and individuals. For example, a local restaurant where I live, will have to shut down for good in the next few days as they won't be able to afford their lease. If they get a loan for the lease, they'll be on the hook for that money with no guarantee of being able to pay it back and with way too much uncertainty in terms of when they'll be abl…
> Loans, even cheap ones, are a very shity way of "helping" small businesses Really disagree on this point. The primary value of a business is their assets, brands and expertise. All of those things will be just as valuable after the pandemic as they were before. Assets don't just disappear because they're not used. This is just as true for small businesses as it is for big business. Any business that was profitable…
Loans, even cheap ones, are a very shity way of "helping" small businesses and individuals. For example, a local restaurant where I live, will have to shut down for good in the next few days as they won't be able to afford their lease. If they get a loan for the lease, they'll be on the hook for that money with no guarantee of being able to pay it back and with way too much uncertainty in terms of when they'll be abl…
It only did two things:
- made the existing SBA Disaster Loan program available to businesses affected by CV19
- added $20M to help w/ administration of said loan program
There were talks about actually increasing the budget of the SBA loan program by $xxB. This bill did not do that.
Earlier quoted context omitted.
Why does the brand lose value? My favorite restaurant is still a place where I want to eat when this is all over. My favorite brand of toothpaste is still the one I want to buy. How does the brand lose value?
By saying the brand itself has value, aren't you saying that if the owner gets into debt and has to sell it off to someone else it'll be just as good? That wouldn't give you pause? In many cases small businesses derive most of their quality from the actual owner. They don't respond well to drop-in replacements of key staff members and owners.
Or, the new owner could be better than the old. That could happen, too.
Either way, it wouldn't be the same... unless they hired back the key players.
From a quick skim: - $61M to the FDA for various uses relevant to COVID-19 response. - $20M to the Small Business Administration for admin expenses incidental to carrying out the disaster loan program. - $2.2B to Department of Health and Human Services for preparations/preventions/responses to COVID-19; Not less than $950M to be used for grants or co-op agreements with states, tribes, etc. Minimum of $475M to be allo…
Anyone know what other countries have done in terms of economic stimulus?
From a quick skim: - $61M to the FDA for various uses relevant to COVID-19 response. - $20M to the Small Business Administration for admin expenses incidental to carrying out the disaster loan program. - $2.2B to Department of Health and Human Services for preparations/preventions/responses to COVID-19; Not less than $950M to be used for grants or co-op agreements with states, tribes, etc. Minimum of $475M to be allo…
The doctor monopoly is ridiculous.