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Staff members at JP Morgan Chase came back from the Labor Day weekend to an email allegeding some employees and customers of the large bank may have acted in ways “that does not live up to our business and ethical principles — and may even be illegal,” according to a company memo obtained by multiple media outlets.The bank’s operating committee, led by CEO Jamie Dimon, sent the email Tuesday morning. It talked about how the pandemic has brought out the best in many workers, however there have been instances where, the company believes, customers have abused the government’s coronavirus relief programs.“This includes instances of customers misusing Paycheck Protection Program loans, unemployment benefits and other government programs. Some employees have fallen short, too,” the memo reads, according to CNBC.JP Morgan Chase has issued nearly 300,000 loans, for a total of almost billion under the Paycheck Protection Program, according to ABC News.No further details about what kind of “misuse” or unethical behavior the bank is citing. They only said they are working to “identify those instances, and cooperate with law enforcement where appropriate.”Accusations of fraud or otherwise problematic loans have come up all summer. In June, when some of the businesses who received loans became public, some names raised some eyebrows, including Kanye West’s fashion brand.The House Select Subcommittee on the Coronavirus Crisis announced that it has identified other possible fraudulent activity within the PPP program, including more than billion awarded to businesses that received multiple loans.Another billion was given to companies who reportedly didn’t include complete information from applicants. 1732
Something rare happened today in Washington. A bipartisan bill was signed into law. The Great American Outdoors Act is the culmination of years of environmental and conservation negotiations. WHAT IT DOESThe first thing this legislation does is create a funding stream to improve National Parks in this country. While visitors have increased 50 percent since 1980, funding has not and it has created a maintenance backlog. Currently, there are around billion dollars worth of repairs needed in America's National Parks. The Great American Outdoors Act sends around billion over the next five years to improve maintenance. PROJECTS EXPECTEDIn Colorado, it means Rocky Mountain National Park will get improved sewage systems; in Montana, Glacier National Park will upgrade their camp grounds; in Arizona, the Grand Canyon will get drinking water pipelines fixed; in the Everglades of Florida, storm-damaged buildings can be repaired; and at Shenandoah National Park in Virginia, 100-year-old trail heads will be updated with better parking lots and easier entrances. LAND AND WATER CONSERVATION FUNDApart from improving the maintenance in America's National Parks, the legislation also, for the first, permanently funds the Land and Water Conservation Fund. Money from that fund goes to improve and protect lands across the country. Revenue comes from oil and gas drilling around the country. 1407
SPRING VALLEY (CNS) - A juvenile driving a stolen minivan led deputies on a 15-minute East County road chase Tuesday before bailing out of the still- rolling vehicle near Sweetwater Reservoir and making a failed attempt to escape on foot.The chase began shortly after 8:30 a.m., when a deputy spotted the occupied van in the area of Bancroft Drive and Troy Street in Spring Valley and determined that it had been reported missing by the operators of a group home in the area on Monday, according to sheriff's officials.When the deputy tried to pull him over, the boy behind the wheel of the stolen vehicle drove off and refused to yield, Sgt. Scott Roller said. The youth sped to the south and east over various streets before jumping out of the moving vehicle in a school zone on La Presa Avenue and fleeing on foot.The suddenly driverless minivan continued traveling down the street briefly, then crashed to a halt against a jersey wall. Deputies caught up with the underage suspect a short time later and took him into custody.The boy, whose name was withheld because he is a minor, was taken to a hospital for evaluation of minor injuries he suffered while trying to outrun the pursuing patrol personnel, Roller said.The sergeant declined to release the suspect's age, citing ongoing investigation in the case. 1322
SPRING VALLEY, Calif. (KGTV) — A construction worker was killed in an accident at Monte Vista High School hours after the topping out of the school's new multi-use facility. According to the San Diego County Sheriff's Department, the accident happened just before 2 p.m.Deputies say the 30-year-old man fell from a beam attached to a 30-foot platform. Deputies and emergency responders performed first aid on the construction worker, but he later died after being taken to the hospital. A second worker was also injured and taken to the hospital, but their condition is unknown at this time, according to the school district. CA-OSHA is investigating the incident and crisis counselors will be made available at the school Thursday. The Grossmont Union High School District released the following statement after the incident: 835
Senate Republicans on Thursday unveiled the substance of their tax reform bill, one week after their House colleagues released their own legislation.Some of the Senate GOP proposals will be welcomed by critics of the House bill. For instance, Senate tax writers will not propose curbing the mortgage interest deduction.But others will raise hackles. The Senate GOP plan would fully repeal the state and local tax deduction. 431