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The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.Kanye West’s clothing line. The sculptor Jeff Koons. Law firms and high-dollar hedge funds. The Girl Scouts. Political groups on both the left and right.All told, the Treasury Department’s Paycheck Protection Program authorized 0 billion for nearly 5 million mostly small businesses and nonprofits. On Monday, the government released the names and some other details of recipients who were approved for 0,000 or more.That amounted to fewer than 15% of all borrowers. The Associated Press and other news organizations are suing the government to obtain the names of the remaining recipients.Economists generally credit the program with preventing the job market meltdown this spring from becoming even worse. More than 22 million jobs were lost in March and April. But roughly one-third of them were regained in May and June — a faster rebound than many analysts had expected.The government acted quickly in early April, with Treasury lending the first 9 billion in just two weeks. The program got off to a rocky start, one marked by confusion and difficulty for many companies that sought loans.“The process was messy, and they couldn’t target it as much,” Diane Swonk, chief economist at accounting firm Grant Thornton, said of Treasury.Here are seven unlikely recipients of the PPP loans:___JEFF KOONSKoons, a modernist sculptor, is known best for his work with large, metallic balloon-like animals. His “Rabbit” sculpture fetched million at auction last year.Koons’ studio was approved for million to million, the government’s data shows. (The data shows only ranges for the amounts of approved loans.) His studio said it employed 53 people before the pandemic. The PPP loans can be forgiven if employers use most of the money to keep their workers on the payroll.___WALL STREET AND PRIVATE EQUITYNearly 600 asset management companies and private equity firms were approved for money from the PPP, according to government data.Financial firms were generally not badly hurt by the coronavirus pandemic. Their employees were largely able to keep working, and they weren’t among the industries that had to be shut down by government orders. In addition, of course, investment managers and private equity employees tend to be exceedingly well-paid occupations.ADVERTISEMENTAccording to the data, those 583 companies reported supporting roughly 14,800 jobs collectively with the money from the program. That’s an average of 25 employees per company.One other notable financial company that borrowed from the program: Rosenblatt Securities, which commands one of the largest physical presences on the floor of the New York Stock Exchange. Rosenblatt borrowed between million and million.___KANYE WEST’S CLOTHING LINEKanye West’s clothing-and-sneaker brand Yeezy received a loan of between million and million, according to the data released by Treasury. The company employed 106 people in mid-February before the pandemic struck.Yeezy, best known for its 0 sneakers, just announced a major deal with Gap that will have the rap superstar designing hoodies and T-shirts to be sold in the chain’s 1,100 stores around the world. (A representative for Yeezy didn’t immediately respond to a request for comment.)Last weekend, West, a notable fan of President Donald Trump, tweeted that he was running for president.Some other well-known fashion and retail names whose businesses were pummeled by store shutdowns were also approved for loans. The list included high-end designers Oscar de la Renta and Vera Wang and suit maker Hickey Freeman. All their loans were in the -million-to- million range.___POLITICAL GROUPSThe Americans for Tax Reform Foundation, the nonprofit arm of the anti-tax lobbying group Americans for Tax Reform, was approved for a loan of up to 0,000. ATR, led by the anti-tax activist Grover Norquist, who has long supported a smaller federal government, said it didn’t oppose the PPP. It described the program “as compensation for a government taking during the shutdown.”The Center for Law and Social Policy, a research and advocacy group focused on policies supporting low-income Americans, was authorized for a loan of up to million, according to government data.___THE GIRL SCOUTSMore than 30 Girl Scout chapters across the country received PPP loans, the Treasury said. The Girl Scouts of Montana and Wyoming were approved for between 0,000 and million.___JIM JUSTICE, BILLIONAIRE GOVERNORWest Virginia Gov. Jim Justice’s family companies received at least .3 million from the program.Justice, a Republican, is considered to be West Virginia’s richest person through his ownership of dozens of coal and agricultural businesses, many of which have been sued for unpaid debts. At least six Justice family businesses were approved for loans, including The Greenbrier Sporting Club, an exclusive club attached to a lavish resort that Justice owns called The Greenbrier.Justice, a billionaire, acknowledged last week that his private companies received money from the program but said he didn’t know the dollar amounts. A representative for the governor’s family companies didn’t immediately return emails seeking comment.___RESTAURANT CHAINSTGI Fridays and P.F. Chang’s China Bistro were among the major restaurant chains that were approved for loans.Dallas-based TGI Fridays, which has around 500 restaurants nationwide, obtained between million and million in loans from the program. In 2014, TGI Fridays was bought by the the New York private equity firm TriArtisan Capital Advisors. That firm also owns P.F. Chang’s China Bistro, which was also approved for a loan.Though the PPP program was designed to help small businesses, big hotel and restaurant chains were also allowed to apply. A message seeking comment was left with TGI Fridays.P.F. Chang’s China Bistro says a PPP loan helped it keep 12,000 workers employed and transition its restaurants to carry-out-only during the coronavirus pandemic. Scottsdale, Arizona-based P.F. Chang’s, which has more than 210 restaurants around the country, was approved for between million and million from the PPP program, according to the government data. 6458
The Los Angeles Dodgers will play in the World Series for the second year in a row after defeating the Milwaukee Brewers 5-1 Saturday night in the seventh and deciding game of the National League Championship Series. The Dodgers will play the American League champion Boston Red Sox in the World Series, which begins Tuesday.Milwaukee took a 1-0 lead in the bottom of the first inning when star hitter Christian Yelich tagged a 1-0 pitch from Los Angeles starter Walker Buehler for a home run.But the Dodgers' Cody Bellinger answered in the top of the second with a two-run blast after bunt hit by Manny Machado off Brewers starter Jhoulys Chacin. That gave Los Angeles a 2-1 lead.Chacin only pitched two innings and reliever Josh Hader, who had 12 regular-season saves, pitched three strong innings, giving up just one hit and no runs, to keep the Brewers in the game. He struck out four of the 10 batters he faced. 924

The holiday season is here, but it’s likely that your traditions won’t be quite so traditional this year. The coronavirus pandemic has impacted many facets of our lives, and the holidays are no exception: More than two-thirds (68%) of Americans who had December holiday travel plans say these plans have been affected by the pandemic, according to a new NerdWallet survey. Another 22% say they aren’t sure yet if their plans will be impacted.In the NerdWallet survey of more than 2,000 U.S. adults conducted online by The Harris Poll, we asked how their December holiday travel plans have been affected by the pandemic. Of those still traveling for the holidays in December — referred to as “holiday travelers” throughout — we also asked about planned primary lodging and transportation.Key findingsCOVID-19 will keep many from loved ones: Among Americans who say their December holiday travel plans have been impacted by the pandemic, 2 in 5 (40%) say they usually travel with or visit friends and family, but this year they won’t. Additionally, 27% usually drive out of town but won’t this year, and 17% say the same about flying somewhere during the holiday season.Far fewer Americans plan to travel this year: Just 24% of Americans plan to travel out of town for the December holiday season in 2020, compared with 75% who did so in 2019. An additional 17% aren’t sure yet if they’ll travel for the holidays this year.Travelers opt to stay closer to home: Of those planning to travel out of town this year for the December holidays, more than half (56%) say their plans were impacted by COVID-19. A quarter of those affected (25%) say while they usually travel farther from home, this year they’ll stay closer.Most holiday travelers plan to drive: Driving is the most popular primary mode of transportation (68%) for 2020 holiday travelers. This is down from 81% for 2019 holiday travel.Staying with loved ones is still the most popular lodging option: About 2 in 5 holiday travelers (38%) plan to primarily stay at the home of a family member or friend this year. This was true of about the same proportion (37%) of 2019 holiday travelers.COVID-19 alters holiday travel plansNo matter what holidays you observe in December, celebrations may look different this year because of the COVID-19 pandemic. Of Americans who say their holiday travel plans were impacted by the pandemic, 2 in 5 (40%) say that while they usually travel with or visit friends and family members, this year they won’t. More than a quarter (27%) usually drive somewhere out of town but won’t this year, and 17% usually fly somewhere but won’t this year.What you can do: Avoiding travel altogether is the safest course of action as COVID-19 cases surge across the country. It’s been a difficult year, and not being able to spend time with friends and family is a big part of that, but the best way to protect yourself and the people you care about most is staying home this holiday season.“This holiday season looks very different from years before. It’s hard to not travel, but staying home helps keep you and your loved ones safe,” says NerdWallet travel expert Sara Rathner. “If we each do our part, maybe Christmas in July will become a real way to celebrate belatedly in person.”Large drop in number of holiday travelers this yearAccording to our survey, three-quarters of Americans (75%) traveled out of town for the December 2019 holiday season. In 2020, just 24% of Americans are planning December holiday travel, and another 17% were unsure when asked in the first week of November.More than half of holiday travelers (56%) say their plans were impacted by COVID-19. Almost a third (31%) say their plans weren’t impacted, and 13% weren’t sure at the time we asked. Of those travelers who say their plans have been impacted, some of the biggest changes are traveling closer to home than usual (25%), driving their personal vehicle when they usually fly (23%) and spending less time away from home than they normally would (23%).Parents of children under 18 are more likely to plan on out-of-town December holiday travel this year than Americans without minor children (37% vs. 18%). Most (68%) of these parents’ travel plans were affected by COVID-19, with 27% saying they usually travel farther from home, but this year they’ll stay closer.What travelers can do: If you’re traveling out of town this December, make sure you’re up to date on the guidelines from the Centers for Disease Control and Prevention, or CDC, for traveling safely. These guidelines can change rapidly, so stay abreast of any new developments through the dates you’re planning to travel.“A number of states increased restrictions before Thanksgiving, so if you’re traveling to another state, it may look very different there than it does at home. Plan ahead so you can follow the rules,” Rathner says. “Pack enough masks and find out which local businesses may be operating on limited hours. If you plan to get a COVID test, availability is limited in some areas. You don’t want to leave these arrangements for the last minute.”Most holiday travelers will drive and stay with friends or familyMost holiday travelers (68%) plan to primarily drive to their destinations this year, which was also the case in 2019, when 81% say they drove as their primary transportation. The percentage of holiday travelers flying as their primary mode of transportation is up this year (24% vs. 12% in 2019), but that doesn’t mean more Americans are flying. Since fewer U.S. adults are traveling overall, that’s less than 15 million Americans flying, compared with last year’s almost 23 million flyers. [1]Primary lodging plans mirror last year’s: For 2020, 38% of holiday travelers plan to primarily stay at the home of a friend or family member. In 2019, 37% of holiday travelers say they primarily stayed at a loved one’s home. The second most popular primary lodging choice in both years was a hotel or motel (28% in 2020, 25% in 2019).What travelers can do: Keep your travel plans as flexible as possible, in case the pandemic upends them in the eleventh hour. Don’t worry about booking early to get the best price. 2020 is an unconventional year, and if you do opt to travel, you’ll probably find that costs are lower than in holiday seasons past.“You need a Plan A, B, C and D for holiday travel this year,” Rathner says. “When you book anything, know what the airline, hotel or car rental companies’ policies are for cancellations. It’s not so much about finding deals now, it’s about being able to back out of your plans if necessary.”MethodologyThis survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from Nov. 4-6, 2020, among 2,055 U.S. adults ages 18 and older, among whom 1,537 traveled out of town for the December 2019 holiday season and 508 plan to travel out of town for the 2020 holiday season. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables and subgroup sample sizes, contact Brittany Benson at bbenson@nerdwallet.com.[1] Calculated using U.S. Census Bureau population estimates from July 2019 and NerdWallet survey data on December 2019 holiday travelers who primarily flew and December 2020 holiday travelers who plan to primarily fly.More From NerdWalletHow to Make Use of the Points and Miles From a Deceased Family Member’s Account10 Tips for Winter RV Road TripsHow to Maximize Travel Rewards on Holiday Spending This YearErin El Issa writes for NerdWallet. Email: erin@nerdwallet.com. 7649
The man police believe was behind a series of bombings that terrified Austin, Texas, for 19 days is dead, police said.Authorities have called the suspect a "serial bomber" who was skilled and capable of making sophisticated devices.Here's what we know about the man accused of the deadly explosions: 307
The Kirchner family has a lot to celebrate this holiday season. Their son, Karson, is a happy and energetic 11-month-old baby. He's come a long way since being diagnosed with a rare heart condition that will require constant vigilance. But his progress is yet another example of how, this year, doctors are making amazing strides in so many ways.Josh and Ashley Kirchner weren't sure how much time they would have with their son. At 28 weeks pregnant, they found out he had hypoplastic left heart syndrome, meaning the left side of his heart was underdeveloped."They came back with a doctor and then we're kind of like, 'This isn't good'. And the doctor told us, 'Well, we can't find part of his heart on the ultrasound'," recalled Josh Kirchner.Some research led the Kirchners to Children's Hospital Colorado, where Karson was enrolled in a study to determine if stem cells from his own umbilical cord blood could help his heart function."There's another part of stem cells that don't create new tissue but create an environment to improve the existing tissue that's there, and that's what we're doing with this particular stem cell therapy," explained Dr. James Jaggers, with Children's Hospital Colorado.Dr. Jaggers says this syndrome is the leading cause of death for children with heart defects in their first year of life. Karson's first surgery was when he was just two days old. His second to inject stem cells into his heart came a couple of months later."The mode of stem cell delivery was actual physical injection of the stem cells into the heart muscle itself. We do that in a number of different places on the heart to try and improve sort of a global function of the heart for the long term," said Dr. Jaggers.One problem the doctors faced with the second surgery was it came during the start of the pandemic when travel was shut down. The Kirchners drove six hours from their home in South Dakota, but the stem cells had to be driven from the Mayo Clinic in Minnesota to Denver, a more than 12-hour drive.Karson still needs one more surgery, which doctors say will be when he's 2 or 3 years old. His parents know there's no roadmap for this. And while they wait to see how his body responds, they want to enjoy every moment."We get to enjoy our little boy and kind of live in the moment a little better and not have to worry about that hanging over our head. We know it's coming. But, like they said to do, don't worry about it. When it comes, it comes," said Josh Kirchner.Dr. Jaggers says the second phase of the study is done. Karson was the 16th to be accepted into it. The next phase will also include the use of stem cells in the third surgery. Dr. Jaggers says preliminary data shows some improved heart function. They now need to know how long it will last. 2789
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