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Small business owners are concerned that a federal loan program, the Economic Injury Disaster Loan, is providing too little money – too late. The delay, and the diminished funding, are leaving some business owners with questions, concerns and a fear that they’ll have to shut their doors.One of those businesses is GoPegasus, a transportation company based in Orlando, Florida. It’s been months since any of its dozens of buses have even moved, even though business should be booming right now.“There are days that it's really tough to wake up in the morning, I'm gonna tell you I... But you have to do it like us, 26 years. It's a life,” said Claudia Menezes, the vice president of GoPegasus said.And even though their business has stopped - Menezes said they’ve seen more than million in cancellations so far - their bills haven’t. Things like employees, bus maintenance and insurance all still have to be paid. Which is why Menezes said GoPegasus applied for an EIDL loan in the first place. In the 26 years GoPegasus has been in business, Menezes said they have received two such loans before, one immediately following September 11, 2001, and another after Hurricane Irma.The EIDL is a low-interest loan, separate from the Paycheck Protection Program, that the federal Small Business Administration awards after a disaster. EIDL funds can be paid back to the government over decades.The coronavirus pandemic means any business owner with 500 employees or fewer can apply for one of these loans.Menezes said that when they applied for a loan in March, the maximum cap was million, and the company was approved for a 0,000 loan, but before they got the money, the loan program was capped.In May, the SBA capped all EIDL loans at 0,000. An SBA representative said that decision was made “in order to help as many small businesses and nonprofit organizations as possible. However, most applicants will not be affected by the limit because loan amounts are calculated based on economic injury and 6-monts of actual working capital needs. As of June 29, 2020, the average EIDL loan for COVID-19 is well under the limit at approximately ,000.”Menezes said with the smaller loan, she doesn’t know if GoPegasus will be able to stay in business. She’s appealed the loan amount and said she’s called, written letters and reached out to her federal representatives but has no information on the status and is just waiting.“It’s almost impossible to plan and that's our situation at this point, so what are we gonna do? We're really running out of resources,” said Menezes.Kelly West and her family have a similar story. This is the first time her family’s company, Skydive Greene County, applied for a federal EIDL loan and she described the experience as “horrific.”“I might sound a little dramatic, but it's been an emotional roller coaster,” said West.She’s the operations manager for the company and said she originally filed a loan application in March. She said she needed to fix an error on that original application, but after she did, the nearly 60-year-old family business’ loan was only partially funded. She said she’s appealed, written to federal representatives and even got a senator involved but now she’s waiting – with no idea if or when she’ll learn moreTalking about small business owners and the importance of funding EIDL loans, West said that, “these are people, not just their income, but these are our dreams, our hopes, our dreams, our life’s work.”Menezes and West are not alone. In a July 1 meeting of the U.S. House of Representatives’ Small Business Committee, representatives from both sides of the aisle shared similar small business stories from each of their districts with James Rivera, an Associate Administrator for the Office of Disaster Assistance in the U.S. Small Business Administration. Most of the stories told by the representatives had similar themes – not enough money and not enough information.In reference to the 0,000 cap, Rep. Pete Stauber, (R-MN) told Rivera that “it seems that the SBA has taken some liberties to reduce the cap of loans given out from million to 0,000. While this is likely to ensure that the maximum number of businesses receive some sort of funding during this crisis, my constituents are rightfully upset. They feel like they are being cheated out of what they were promised by our government.”Rep. Angie Craig (D-MN) talked about the lack of information and customer service her constituents received from the SBA in the loan process, and told Rivera, “I have a lot of businesses in my district where if this was the level of customer service that they provided they would be out of business three months ago.”The SBA points to what they have done. Rivera told representatives that some wait times have been longer but the average time to get a loan filled is 41 days. While some representatives questioned how long that time frame was, Rivera said loans that are applied for now – after a new application portal was rolled out in June – have an even shorter turnaround time.A representative of the SBA said in an email that, “following the passage of the CARES Act, SBA created and implemented an entirely new online EIDL application portal and distribution system…This system has now handled more than eight million applications, allowing the SBA to distribute funds to those small businesses in less than two days.”Rivera also said in Congress that there’s a huge demand for funds – bigger than ever before, and that the SBA has awarded 6.8 million business about 7 billion, and still has about 0 billion left to award.Both Menezes and West said that if they knew back in March what they would have to go through – and are still going through -- they likely would have tried to get loan help elsewhere.“It's a one thing to have a yes or no answer and to know right away. So we could have made alternative plans to get different financing if we needed it,” said West. “But then when you're promised something and then it doesn't come through, and then you're promised by somebody else and it doesn't come with them, now what is three or four different times. You feel like you’re just beat up.”Menezes echoed that sentiment, and also said after 26 years in business, she doesn’t know if her company will make it through this one.“It is like it makes the situation even worse because you don't know what you do, what you can do, what to do. We’re in the mercy of something - a miracle to happen,” said Menezes. 6518
SILVER SPRING, Md. (AP) — Uber finally got its food delivery company, acquiring Postmates in a .65 billion all-stock deal, the ride-hailing giant has confirmed.The deal helps Uber and its Ubereats food-delivery division pick up some ground against industry leader DoorDash, which controls about 37% of the U.S. food delivery market. That’s compared with Uber Eats’ 20% share before the Postmates deal. Grubhub holds around 30%.Last month, Uber lost out in a bid for Grubhub, which would have made it the dominant U.S. food-delivery service. But Amsterdam-based Just Eat Takeaway.com ended up nabbing Chicago-based Grubhub in a .3 billion deal.Uber writes in a press release that Postmates is highly complementary to Uber Eats, with differentiated geographic focus areas and customer demographics.Uber says consumers will benefit from expanded choice across a wider range of restaurants and other merchants, and delivery people will enjoy more opportunities to earn income, with increased batching of orders to make better use of their time.“Uber and Postmates have long shared a belief that platforms like ours can power much more than just food delivery—they can be a hugely important part of local commerce and communities, all the more important during crises like COVID-19. As more people and more restaurants have come to use our services, Q2 bookings on Uber Eats are up more than 100 percent year on year. We’re thrilled to welcome Postmates to the Uber family as we innovate together to deliver better experiences for consumers, delivery people, and merchants across the country,” said Uber CEO Dara Khosrowshahi.“Over the past eight years we have been focused on a single mission: enable anyone to have anything delivered to them on-demand. Joining forces with Uber will continue that mission as we continue to build Postmates while creating an even stronger platform that brings this mission to life for our customers. Uber and Postmates have been strong allies working together to advocate and create the best practices across our industry, especially for our couriers. Together we can ensure that as our industry continues to grow, it will do so for the benefit of everyone in the communities we serve,” said Postmates Co-Founder and CEO Bastian Lehmann. 2278

Senator Mitt Romney released a statement Tuesday pleading with the country to “lower the heat” of divisive political rhetoric, just weeks before Election Day.“The president calls the Democratic vice presidential candidate ‘a monster.’ He calls for the justice department to put the prior president in jail; he attacks the governor of Michigan on the very day a plot is discovered to kidnap her. Democrats launch blistering attacks of their own—though their presidential nominee refuses to stoop as low as others,” his statement posted on Twitter reads.Romney is currently a senator representing Utah. He is a former governor of Massachusetts, and was the Republican nominee for president in 2012.He has been a member of the Republican party his entire time in politics. As a senator, he has seemed willing to stand in opposition to President Donald Trump. In February, Romney was the sole Republican senator to vote to convict President Trump during his impeachment trial.Romney also took some time before saying he would vote for President Trump’s latest nominee to the Supreme Court, Amy Coney Barrett, leading some to think he may not. In the end, he said he would follow the constitution and vote if a vote is held.His statement Tuesday morning urges leaders on both sides to “tone it down.” He calls out actions on both sides, and says the world and American families are watching.“The world is watching America with abject horror; more consequentially, our children are watching. Many Americans are frightened for our country—so divided, so angry, so mean, so violent,” the statement reads.The statement makes no reference by name to either President Trump or Demoncratic presidential candidate Joe Biden. It also does not say anything about endorsing a candidate or the upcoming election.Senator Romney’s full statement is below.I have stayed quiet with the approach of the election. But I’m troubled by our politics, as it has moved away from spirited debate to a vile, vituperative, hate-filled morass that is unbecoming of any free nation – let alone the birthplace of modern democracy.The president calls the Democratic vice presidential candidate “a monster.” He calls for the justice department to put the prior president in jail; he attacks the governor of Michigan on the very day a plot is discovered to kidnap her. Democrats launch blistering attacks of their own—though their presidential nominee refuses to stoop as low as others. Pelosi tears up the president’s states of the union speech on national television. Keith Olbermann calls the president a “terrorist.” Media on the left and the right amplify all of it.The rabid attacks kindle the conspiracy mongers and the haters who take the small and predictable step from intemperate word to dangerous action. The world is watching America with abject horror; more consequentially, our children are watching. Many Americans are frightened for our country—so divided, so angry, so mean, so violent.It is time to lower the heat. Leaders must tone it down. Leaders from the top and leaders from all stripes: parents, bosses, reporters, columnists, professors, union chiefs, everyone. The consequences of the crescendo of anger leads to a very bad place. No sane person can want that. 3258
Sexting among teens and younger children has increased over the past decade and poses a growing challenge for educators and parents, according to a new study.One in four young people said they'd received sexts, and one in seven reported sending them, according to the study, which was published Monday in the journal JAMA Pediatrics. The research included data from 39 separate research projects conducted between January 1990 and June 2016, with a total of 110,380 participants, all of whom were under 18 -- with some as young as 11.The researchers focused on data since 2008 and found an increase in sexting among young people.The increased number of young people involved in sending or receiving sexually explicit photographs or messages has corresponded with rapidly expanding access to cell phones.With that trend in mind, the study's authors suggest that "age specific information on sexting and its potential consequences should regularly be provided as a component of sex education."Why sext? 1013
Special counsel Robert Mueller's office is considering bringing more criminal charges against Paul Manafort, after it accused the former Trump campaign chairman of violating his plea deal to cooperate with prosecutors.The announcement came at a half-hour court hearing Friday morning, where Manafort's team learned that his sentencing for conspiracy and witness tampering will happen on March 5, 2019.The hearing came just days after special counsel prosecutors said they believe Manafort lied during his interviews with investigators following his guilty plea in September. The special counsel's office may have to turn over evidence backing up its claim in the coming weeks.Such a move could give Manafort's legal team, and in theory, President Donald Trump's lawyers if they are still in touch, a new window into some of the information Mueller has collected during the investigation.Manafort pleaded guilty earlier this year to two charges of conspiracy and witness tampering, while publicly admitting he committed several other financial and lobbying crimes. He separately was found guilty by a jury in Virginia of eight financial fraud charges related to his Ukrainian lobbying proceeds.Lead prosecutor Andrew Weissmann said the Justice Department is evaluating whether Manafort could still be held liable for crimes he's admitted to but is not currently charged with in federal court."I don't know at this time. We will have to evaluate whether it will be fruitful to take action" on those crimes, Weissmann said.Manafort is currently in jail in Alexandria, Virginia. He did not attend the hearing Friday; two defense attorneys were there on his behalf.Since his initial indictment last October, Manafort has been a thorn for prosecutors and, at times, for the judge.While he still claimed his innocence in the case, prosecutors indicted him for attempting to contact potential witnesses to shape their stories. He then went to trial in Virginia federal court, holding off prosecutors from making a deal. After he lost his case at trial, Manafort changed his plea and agreed to cooperate with investigators. But that cooperation now appears to be tainted with the lying accusation -- another unusual turn of events.Manafort says he believes he was truthful with investigators."We have ... had lengthy conversations with the defense to discuss the facts," related to Manafort's alleged lies during his cooperation, Weissmann said. "They're aware the gravemen of what the concerns are."Both legal teams will hash that out in court soon, with filings beginning to come in next week about the facts of how Manafort's cooperation fell apart.Despite the dispute over whether Manafort breached his plea deal, the two parties struck a cordial tone in the courtroom.When things wrapped up, lawyers from both sides wished each other "happy holidays," sometimes shouting across the room, as people started filing out of the chilly courtroom. 2950
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