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US banks earned $10 billion in two weeks processing the loans from the
government scheme to protect small businesses from financial ruin during
the coronavirus crisis, according to an NPR report.The rescue plan
worth $349 billion offered businesses loans of up to $10 million to
thousands of US companies and were guaranteed by the federal Small
Business Administration.The banks charged a transaction fee of 5% on
loans worth less than $350,000, while on loans worth between $2 million -
$10 million, the cost was 1%.The banks defended the massive windfall of
loan transaction fees, saying that processing the loans involved
complicated vetting procedures.Treasury Department guidelines are less
rigorous than for regular loans, and the taxpayer provides the funding,
so there is little risk for the banks.Visit Business Insider's homepage
for more stories.To get more news about WikiFX, you can visit wikifx official website.
Banks have earned a quick $10 billion processing US government loans to small businesses affected by the coronavirus crisis, according to a new report.The $350 billion rescue program aims to funnel cash to small businesses distressed by the economic blows of the COVID-19 crisis.In two weeks, banks including JP Morgan, Bank of America, and PNC Bank vetted thousands of applications for federal loans of up to $10 million. Transaction charges start at 5% for loans under $350,000, reducing to 1% for loans between $2 and $10 million, according to NPR.The loans are guaranteed by the government, and the guidelines issued by the Treasury Department indicate that they require less vetting than regular loans. There is no risk to the banks which are merely the middlemen.
The banks have defended the costs, arguing the vetting process for each loan can still be complex. In an email statement seen by NPR, Bank of America said the program included “collecting, personally examining, and storing data” that is required for each application.One example highlighted by NPR was on April 7, when the parent company of Ruth's Chris Steak House, RCSH Operations LLC, received a loan of $10 million. JPMorgan Chase & Co., took a $100,000 fee on the one-time transaction for which it assumed no risk.The scheme, known as the Payment Protection Program (PPP), exhausted its funds last week. Aimed at small businesses with less than 500 employees, it was hit with controversy as larger companies exploited loopholes to tap into it.
Some large, well-funded companies were granted millions of dollars from the $350 billion pool of funding, while many small, mom-and-pop shops were unable to access any funding at all, sparking public outrage.The initial PPP funding was snapped up in less than two weeks. Congress has now approved an additional $310 billion and new loans will be issued again starting next week.
Banks have earned a quick $10 billion processing US government loans to small businesses affected by the coronavirus crisis, according to a new report.The $350 billion rescue program aims to funnel cash to small businesses distressed by the economic blows of the COVID-19 crisis.In two weeks, banks including JP Morgan, Bank of America, and PNC Bank vetted thousands of applications for federal loans of up to $10 million. Transaction charges start at 5% for loans under $350,000, reducing to 1% for loans between $2 and $10 million, according to NPR.The loans are guaranteed by the government, and the guidelines issued by the Treasury Department indicate that they require less vetting than regular loans. There is no risk to the banks which are merely the middlemen.
The banks have defended the costs, arguing the vetting process for each loan can still be complex. In an email statement seen by NPR, Bank of America said the program included “collecting, personally examining, and storing data” that is required for each application.One example highlighted by NPR was on April 7, when the parent company of Ruth's Chris Steak House, RCSH Operations LLC, received a loan of $10 million. JPMorgan Chase & Co., took a $100,000 fee on the one-time transaction for which it assumed no risk.The scheme, known as the Payment Protection Program (PPP), exhausted its funds last week. Aimed at small businesses with less than 500 employees, it was hit with controversy as larger companies exploited loopholes to tap into it.
Some large, well-funded companies were granted millions of dollars from the $350 billion pool of funding, while many small, mom-and-pop shops were unable to access any funding at all, sparking public outrage.The initial PPP funding was snapped up in less than two weeks. Congress has now approved an additional $310 billion and new loans will be issued again starting next week.
Mississippi residents had their first chance Monday to turn $5 into
$100,000 legally. Convenience stores in the state began selling lottery
tickets, ABC reports, under a law passed last year. Business was
booming. A gas station manager said employees came in about 4am to
prepare and sold the first ticket just before 6. "It's been wild, crazy,
exciting, and I got a headache!" the manager said. By 7, the state had
taken in $300,000 from scratch-off tickets, per WTOK.Get more news about
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More games will be in play soon, but for now, the state offers four scratch-off games. Powerball and Mega Millions will arrive in late January, per Newsweek. The first $80 million the state makes will go to improving roads and bridges, and anything on top of that will be earmarked for education. Players have to be 21 or older. Mississippi's debut leaves five s
More games will be in play soon, but for now, the state offers four scratch-off games. Powerball and Mega Millions will arrive in late January, per Newsweek. The first $80 million the state makes will go to improving roads and bridges, and anything on top of that will be earmarked for education. Players have to be 21 or older. Mississippi's debut leaves five s
A man in suburban Detroit was given the wrong lottery ticket. But there
was no mistake about the result: a $2 million winner. The Michigan
Lottery said the man stopped at a gas station in Eastpointe, Michigan,
to put air in a tire. He needed change for the air machine and also
asked for a $10 Lucky 7's scratch-off ticket, the AP reports. "The clerk
handed me the $20 ticket by mistake. He offered to exchange it for me
but something told me to keep it. I am sure glad I did!” the man said in
a statement released Tuesday by the Lottery. The name of the
57-year-old man wasn't released. He decided to take a lump sum of about
$1.3 million instead of $2 million spread over many years, the Lottery
said. (Read more lottery stories.)Get more news about 牛博棋牌包网,you can vist nb68.com
The "Lottery Lawyer" advertised his services while noting that many
lottery winners "are not sophisticated enough" to see potential scams.
"You really have to rely on the professionals," Jason Kurland told Vice
in 2016. Now three winners who relied on Kurland have lost more than $80
million, according to federal prosecutors, and Kurland and his
associates are facing charges of fraud, money laundering, and
conspiracy. Prosecutors say Kurland, 46, a partner at the New York-based
Rivkin Radler law firm, worked with three other men—including alleged
Genovese crime family associate Christopher Chierchio—to persuade the
winners to invest $107 million in various projects, per the New York
Times. Some of that money was then spent on yachts, private jets, luxury
cars, golf club memberships, and shopping sprees at high-end stores,
prosecutors say.Get more news about 牛博彩票包网,you can vist nb68.com
Winners, including the winner of the biggest lottery jackpot payout in US history, paid upward of $200,000 to hire Kurland, whose monthly fees ranged from $15,000 to $50,000, per the Times. Kurland would receive kickbacks for directing funds to projects controlled by Chierchio, 52; Frangesco Russo, 38; and Francis Smookler, 45, prosecutors say. In one case, Kurland allegedly took $19.5 million from a client's account without permission, sending most of it to Chierchio. In another, money was allegedly sent to Gregory Altieri, a jeweler accused in a $200 million Ponzi scheme, per the Times. Prosecutors say Russo and Smookler threatened to torture Altieri and kill his family after he failed to repay a loan. They also say the accused discussed how to cover up the scheme in a wiretapped phone call, per the AP. All three have pleaded not guilty. (Read more fraud stories.)
Winners, including the winner of the biggest lottery jackpot payout in US history, paid upward of $200,000 to hire Kurland, whose monthly fees ranged from $15,000 to $50,000, per the Times. Kurland would receive kickbacks for directing funds to projects controlled by Chierchio, 52; Frangesco Russo, 38; and Francis Smookler, 45, prosecutors say. In one case, Kurland allegedly took $19.5 million from a client's account without permission, sending most of it to Chierchio. In another, money was allegedly sent to Gregory Altieri, a jeweler accused in a $200 million Ponzi scheme, per the Times. Prosecutors say Russo and Smookler threatened to torture Altieri and kill his family after he failed to repay a loan. They also say the accused discussed how to cover up the scheme in a wiretapped phone call, per the AP. All three have pleaded not guilty. (Read more fraud stories.)
A winning lottery ticket worth over $3 million was sold in Delaware
County earlier this week, Pennsylvania Lottery officials announced
Thursday.Get more news about 棋牌包网,you can vist loto98.com
A jackpot-winning Match 6 Lotto ticket worth $3.62 million from Wednesday's drawing was sold at a Wawa on the 700 block of Naamans Creek Road in Chadds Ford.The ticket completely matched all six winning numbers, 16-17-21-28-46-48.
The Wawa that sold the winning ticket also earned a $10,000 bonus.
The winner has not yet been identified as the prize has yet to be claimed and the ticket has yet to be validated. Match 6 prizes expire one year from the drawing date.
More than 78,400 other Match 6 Lotto tickets also won prizes in the drawing.
Lottery officials are reminding players to check every ticket, every time.
Anyone holding the jackpot-winning Match 6 ticket should sign the ticket, call the Lottery at 1-800-692-7481 to find out how to claim the prize.
A jackpot-winning Match 6 Lotto ticket worth $3.62 million from Wednesday's drawing was sold at a Wawa on the 700 block of Naamans Creek Road in Chadds Ford.The ticket completely matched all six winning numbers, 16-17-21-28-46-48.
The Wawa that sold the winning ticket also earned a $10,000 bonus.
The winner has not yet been identified as the prize has yet to be claimed and the ticket has yet to be validated. Match 6 prizes expire one year from the drawing date.
More than 78,400 other Match 6 Lotto tickets also won prizes in the drawing.
Lottery officials are reminding players to check every ticket, every time.
Anyone holding the jackpot-winning Match 6 ticket should sign the ticket, call the Lottery at 1-800-692-7481 to find out how to claim the prize.
A winning lottery ticket worth over $3 million was sold in Delaware
County earlier this week, Pennsylvania Lottery officials announced
Thursday.Get more news about 棋牌包网,you can vist loto98.com
A jackpot-winning Match 6 Lotto ticket worth $3.62 million from Wednesday's drawing was sold at a Wawa on the 700 block of Naamans Creek Road in Chadds Ford.The ticket completely matched all six winning numbers, 16-17-21-28-46-48.
The Wawa that sold the winning ticket also earned a $10,000 bonus.
The winner has not yet been identified as the prize has yet to be claimed and the ticket has yet to be validated. Match 6 prizes expire one year from the drawing date.
More than 78,400 other Match 6 Lotto tickets also won prizes in the drawing.
Lottery officials are reminding players to check every ticket, every time.
Anyone holding the jackpot-winning Match 6 ticket should sign the ticket, call the Lottery at 1-800-692-7481 to find out how to claim the prize.
A jackpot-winning Match 6 Lotto ticket worth $3.62 million from Wednesday's drawing was sold at a Wawa on the 700 block of Naamans Creek Road in Chadds Ford.The ticket completely matched all six winning numbers, 16-17-21-28-46-48.
The Wawa that sold the winning ticket also earned a $10,000 bonus.
The winner has not yet been identified as the prize has yet to be claimed and the ticket has yet to be validated. Match 6 prizes expire one year from the drawing date.
More than 78,400 other Match 6 Lotto tickets also won prizes in the drawing.
Lottery officials are reminding players to check every ticket, every time.
Anyone holding the jackpot-winning Match 6 ticket should sign the ticket, call the Lottery at 1-800-692-7481 to find out how to claim the prize.
If you are the enthusiasts of GeekVape, you can not miss the Aegis Hero
Kit. It is the new member of the Aegis series. Aegis Hero features
portable size, modern luxury design, 1200mAh built-in battery capacity,
45W max power, a visible 4ml pod cartridge, adjustable airflow, zero
leakage, consistent flavor, and so on. Now let’s learn more detailed
information about it.To get more news about Geekvape Aegis Hero, you can visit urvapin official website.
Aegis Hero is a pocket-friendly, durable, and high-performance pod mod kit. It has an ergonomic leather patch grip to provide a very comfortable hands feeling. Besides, Aegis Hero features shockproof, IP67 water-resistant and IP67 dustproof.
Powered by a 1200mAh battery, the device can draw up to the max output of 45W. Geekvape Aegis Hero is equipped with a 0.42 inch OLED Screen to show essential vaping data and it supports power and bypass modes.
GeekVape Aegis Hero Kit equipped with a 4ml visible pod that features top filling. It is compatible with the G coil series, with a 0.4 Ohm mesh coil and 0.6 Ohm mesh coil included in the package. Both of the coils will bring dense cloud and fantastic flavor to you.
The sleek adjustable airflow features give users complete control over inhalation, whilst the push-fit coil installation makes inserting and replacing coils an easy, hassle-free process.
What’s more, the Aegis Hero kit features an unprecedented Buck-Boost system that can effectively prolong battery life and reduce heat, and release it to the load with higher voltage, giving you the ultimate performance.
Aegis Hero is a pocket-friendly, durable, and high-performance pod mod kit. It has an ergonomic leather patch grip to provide a very comfortable hands feeling. Besides, Aegis Hero features shockproof, IP67 water-resistant and IP67 dustproof.
Powered by a 1200mAh battery, the device can draw up to the max output of 45W. Geekvape Aegis Hero is equipped with a 0.42 inch OLED Screen to show essential vaping data and it supports power and bypass modes.
GeekVape Aegis Hero Kit equipped with a 4ml visible pod that features top filling. It is compatible with the G coil series, with a 0.4 Ohm mesh coil and 0.6 Ohm mesh coil included in the package. Both of the coils will bring dense cloud and fantastic flavor to you.
The sleek adjustable airflow features give users complete control over inhalation, whilst the push-fit coil installation makes inserting and replacing coils an easy, hassle-free process.
What’s more, the Aegis Hero kit features an unprecedented Buck-Boost system that can effectively prolong battery life and reduce heat, and release it to the load with higher voltage, giving you the ultimate performance.
The much-anticipated Air Jordan 5 “Alternate Bel-Air” will be available
in extended sizes starting August 15 on on the Nike SNKRS platform for
$190. The shoe goes live for purchase on Saturday at 10 a.m. ET and is
sure to be in high demand. Potential buyers can sign up to be notified
through the SNKRS app when the shoe goes live for purchase.To get more
news about china cheap jordans free shipping, you can visit nkspaces official website.nkspaces2010
“An all-white upper allows the iconic lines and symbols of this AJ5 to pop with neon expression, while the geometric pattern on the collar lining speaks for itself in case people don’t recognize maxin’ and relaxin’ when they see it,” the platform reads. “A dark royal midsole grounds the look of two different color accents on the left and right shoes.”
The shoe is a redesign of the original Air Jordan 5 released in 1990. As of 2020 there are 34 installments in the Air Jordan line.
“Since his game-winning shot that brought championship glory to North Carolina, Michael Jordan has been at the forefront of basketball consciousness,” the platform says. “He took the court in 1985 wearing the original Air Jordan I, simultaneously breaking league rules and his opponents’ will while capturing the imagination of fans worldwide.”
“An all-white upper allows the iconic lines and symbols of this AJ5 to pop with neon expression, while the geometric pattern on the collar lining speaks for itself in case people don’t recognize maxin’ and relaxin’ when they see it,” the platform reads. “A dark royal midsole grounds the look of two different color accents on the left and right shoes.”
The shoe is a redesign of the original Air Jordan 5 released in 1990. As of 2020 there are 34 installments in the Air Jordan line.
“Since his game-winning shot that brought championship glory to North Carolina, Michael Jordan has been at the forefront of basketball consciousness,” the platform says. “He took the court in 1985 wearing the original Air Jordan I, simultaneously breaking league rules and his opponents’ will while capturing the imagination of fans worldwide.”
The “Pregame Pack” collaboration included insight from Kings guard
De’Aaron Fox, 76ers guard Ben Simmons and Mercury center Brittney Griner
and highlighted how each athlete prepares to play.To get more news
about cheap air jordan shoes china, you can visit nkspaces official website.nkspaces2010
Doncic’s Jordan Brand debut focused on mindfulness.
On one shoe, the Nike swoosh is green with violet stitching and the sole is violet, too. The coloring switches on the other. Both heels feature the phrases: “Breathe & Center” and “Center & Breathe.”Doncic signed with Jordan Brand in December after negotiating for a new apparel contract and testing different shoe brands during games throughout the beginning of the season. The two-year contract Doncic signed with Nike during his final season at Real Madrid expired in late September 2019.
Nike on Tuesday announced a new shoe collection with a Doncic-inspired Air Jordan 1 Mid colorway to be released April 30.
Doncic’s Jordan Brand debut focused on mindfulness.
On one shoe, the Nike swoosh is green with violet stitching and the sole is violet, too. The coloring switches on the other. Both heels feature the phrases: “Breathe & Center” and “Center & Breathe.”Doncic signed with Jordan Brand in December after negotiating for a new apparel contract and testing different shoe brands during games throughout the beginning of the season. The two-year contract Doncic signed with Nike during his final season at Real Madrid expired in late September 2019.
Nike on Tuesday announced a new shoe collection with a Doncic-inspired Air Jordan 1 Mid colorway to be released April 30.
For many basketball fans in the 1990s, that wasn't just a line said by
Spike Lee's Mars Blackmon character in a commercial -- it was a way of
life. Michael Jordan helped turn basketball sneakers into a
multibillion-dollar industry.To get more news about cheap air jordan, you can visit nkspaces official website.nkspaces2010
Episode 5 of "The Last Dance" (9 p.m. ET, Sunday on ESPN and the ESPN App) delves into the global phenomenon that was the Air Jordan sneaker franchise and the off-court business surrounding the Chicago Bulls.
In advance of that episode, longtime designer Tinker Hatfield and Jordan VP of Footwear Gentry Humphrey spoke with ESPN about the iconic Air Jordan line and the sneakers that were on Jordan's feet when he won each of his six championships.Jordan established himself atop the NBA hierarchy, knocking off Converse icon Magic Johnson and the Los Angeles Lakers in his first NBA Finals. Jordan ushered in a new era in the NBA in an amplified shade of Bulls red -- dubbed "infrared" -- with a molded heel tab inspired by the rear spoiler on his Porsche.
Michael actually started influencing more design power over the process, and I was cool with that," Hatfield said. "He started feeling like his signature look shouldn't have a [toe] tip. He was wearing dress shoes at the time that had a cleaner toe and a molded toe."
Gone was the extra toe panel that defined each of his models to that point, while the heel tab was complemented by a taller, rubberized tongue that allowed for easier entry.
"We always say that if some things are similar from one year to the next, there should always be something that's radically different," Hatfield said.
Episode 5 of "The Last Dance" (9 p.m. ET, Sunday on ESPN and the ESPN App) delves into the global phenomenon that was the Air Jordan sneaker franchise and the off-court business surrounding the Chicago Bulls.
In advance of that episode, longtime designer Tinker Hatfield and Jordan VP of Footwear Gentry Humphrey spoke with ESPN about the iconic Air Jordan line and the sneakers that were on Jordan's feet when he won each of his six championships.Jordan established himself atop the NBA hierarchy, knocking off Converse icon Magic Johnson and the Los Angeles Lakers in his first NBA Finals. Jordan ushered in a new era in the NBA in an amplified shade of Bulls red -- dubbed "infrared" -- with a molded heel tab inspired by the rear spoiler on his Porsche.
Michael actually started influencing more design power over the process, and I was cool with that," Hatfield said. "He started feeling like his signature look shouldn't have a [toe] tip. He was wearing dress shoes at the time that had a cleaner toe and a molded toe."
Gone was the extra toe panel that defined each of his models to that point, while the heel tab was complemented by a taller, rubberized tongue that allowed for easier entry.
"We always say that if some things are similar from one year to the next, there should always be something that's radically different," Hatfield said.