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COVID-19 has claimed the lives of thousands of people around world. It has sent financial markets into a downward spiral and now, the backbone of the American economy, roughly 30 million small businesses, is in jeopardy.“Most small businesses really don’t have much in the way of cashflow,” said Todd McCracken. “They are in the position to last for days maybe weeks, for the most part, if they don’t have money coming in the door.”McCracken is with the National Small Business Association. Many of NSBA’s 65,000 members have had to shutter their doors temporarily in the name of public health, but the longer these businesses remain closed, the more concern there is over whether some will ever reopen.“Small businesses are half our economy,” McCraken added. “Most new jobs are provided by smaller companies and about half of all non-governmental employment is provided by smaller businesses.”So, what exactly do small businesses in America need right now to survive this pandemic, the financial side at least?“They need liquidity, they need cash. That’s the bottom line,” said McCracken.Some small businesses are getting cash from bigger companies, like Facebook. Last week, the social media giant pledged 0 million in grants for 30,000 small businesses struggling right now.In addition, the U.S. small business administration has begun offering up to million in low-interest disaster relief loans to small businesses effect by COVID-19. The loans are 2.75 to 3.75 percent.Meanwhile, a growing number of states, like Florida, are offering no-interest loans. Typically though, they max out at ,000 per small business.Importantly to note, whether a business is applying for private sector grants or government loans, they should expect the process for both to take a few weeks. A few weeks could just be too long for many of the small business feeling the financial impact of this pandemic, and that is why organizations like the NSBA are closely watching the second stimulus package being proposed in congress.The latest version of the package would offer 0 billion in small business loans that are expected to be issued in a faster timeframe and with more substantial benefits. The catch is small businesses who get this money have to commit to not to laying off their current employees.“This is a really good package for small companies,” said McCracken. “It would allow them to get a loan, we hope very quickly to support their operations but importantly the amount they spent on staffing and their rent payments can be completely forgiven.”What is loaned but not used for rent and staffing would have to be paid back, but the business has a year to do so. “There are still going to be hiccups I am sure, because we’ve never tried anything like this before,” said McCracken, “because this is literally going to be millions of small businesses applying for these loans in a very tight window.”McCracken, most financial analysts and even economist believe if small businesses can stay afloat, then the economy and average Americans should be able to bounce back faster post-COVID-19. 3110
During a preliminary hearing Thursday, a Georgia Bureau of Investigation agents said that the man who shot and killed Ahmaud Arbery used a racial slur as he stood over Arbery's lifeless body.GBI Agent Richard Dial said Thursday that Roddy Bryan — one of the three men charged with murder in connection to Arbery's death — claimed Travis McMichael used a slur after he shot Arbery with a shotgun.Dial also testified Thursday that Bryan, Travis McMichael, his father, Gregory, repeatedly "boxed in" Arbery while he was jogging to prevent him from escaping.Watch the hearing live in the player below.Bryan and the McMichaels appeared in court via teleconference to a preliminary hearing in which the defense challenged the evidence that led to their arrest, WXIA reports.Kevin Gough, an attorney representing Bryan, told 830

CORRECTION: This story has been updated to more accurately reflect the findings of the report. You can view the original story at the bottom of this article.Twenty days of lethal heat per year. Collapsed ecosystems. And more than 1 billion people displaced.Those are all probable scenarios that could devastate societies by 2050 if swift and dramatic action isn't taken to curb 390
Doctors prescribe antibiotics to treat bacterial and fungal infections, but some people in the United States are using antibiotics without a doctor's prescription. That's a public health problem that can increase drug resistance and make it harder to treat infections, according to a study published this week in the medical journal 345
DoorDash is finally detailing changes to its controversial tipping policy, one month after the company's CEO promised an update in response to a widespread backlash.Since 2017, DoorDash has at times taken a customer's tip and put it toward covering the base pay for that customer's delivery person. This practice made some customers feel they had been duped into footing the bill for delivery workers instead of merely providing an above-and-beyond bonus.Last month, 479
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