But the CARES Act appropriated $10 billion for the EIDL program—less than three percent of what was appropriated to start the PPP. It’s also out of money, too, after facing an avalanche of applications: lawmakers have been told that there have been over five million applicants for the EIDL program. By contrast, just over 1.6 million applicants have been approved for PPP funds, though it’s unclear how many more applicants have tried and failed to get them. … [Read more...] about Five Million People Need This Lifeline. But It’s Gone Broke.
10 000 steps a day
“Given the current COVID-19 pandemic, your operation of Globeliving at properties located in San Francisco raises serious health and safety concerns,” City Attorney Dennis Herrera wrote to Globe last week, saying that the company founders could be subject to fines and imprisonment if found to be violating the laws. … [Read more...] about Globe turns private homes into WeWorks; SF says that’s a no-no
Healthcare workers, from doctors to hospital cleaners to nursing home aides, found themselves on the pandemic’s front lines, with some of them documenting firsthand the agony of watching patients die, separated from their families by strict protocols meant to stem new infections. Working-class Americans including grocery clerks, bus drivers and meatpackers were called “essential” workers but realized that their jobs put them at previously unimaginable peril. … [Read more...] about U.S. coronavirus deaths pass 100,000 mark in under four months, leading the world
9:15 a.m. Stanford president offers details on financial losses: Stanford president Marc Tessier-Lavigne said the school projects it will lose $267 million because of the COVID-19 crisis from March 1 through Aug. 31, which marks the end the 2020 fiscal year. Tessier-Lavigne, in a letter to the university community, said he “expects our financial challenges to be as great or even greater” in the next fiscal year. He cited reduced housing revenue, limited income-producing programs and increased expenses, such as student financial aid. Tessier-Lavigne pledged to pay university employees through Aug. 31, but he also said workforce reductions will be “unavoidable” to start the new fiscal year on Sept. 1. … [Read more...] about Coronavirus live updates: Nearly 4,000 dead across California as reopening efforts advance
6:46 a.m. Trump waits 16 hours to tweet about 100,000 dead U.S. citizens: President Trump on Thursday morning offered his “heartfelt sympathy & love” to the families of more than 100,000 coronavirus victims in the United States, almost 16 hours after the nation reached the milestone. “We have just reached a very sad milestone with the coronavirus pandemic deaths reaching 100,000,” Trump said in a tweet. “To all of the families & friends of those who have passed, I want to extend my heartfelt sympathy & love for everything that these great people stood for & represent. God be with you!” Prior to the message, Trump spent much of Wednesday night and Thursday morning tweeting conspiracy theories. … [Read more...] about Coronavirus live updates: Breed calls SF reopening plan ‘too conservative’