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WASHINGTON, D.C. – Tuesday is the last day for small businesses to apply for a loan through the Paycheck Protection Program.About 4.8 million businesses received a PPP loan, with a total of 9 billion lent out. But as of Tuesday, there's still more than 0 billion left in the pot.As to why that is, the Small Business and Entrepreneurship Council says there's a few reasons, like concerns over how much would actually be forgiven, constantly changing rules, and strict limits to how the money can be used.“Not all businesses are the same. So, you know you've got businesses with high overhead, maybe few on payroll,” said Karen Kerrigan, President and CEO of the SBE Council. “This program really didn't align with their needs.”Business owners and advocacy groups complain that the money in the PPP was not fully put to work because it created obstacles that stopped countless small businesses from applying.A report from a research group says the program’s shortcomings also made it more difficult for minority businesses to get loans.The owners of a Colorado brewery who got a PPP loan say it helped, but only goes so far."It didn't solve the problems. What it did was sustain us for a few more months."The SBE Council is working with lawmakers on both sides of the aisle for further policy solutions. They're pushing to broaden what expenses can be forgiven, especially when it comes to technology.Through a survey, the group found 87% of small businesses said they wouldn't have been able to survive without cloud-based services.“We know that consumers are on social media and technology platforms looking for new businesses, looking for new brands, looking for new things that they need, and that's where small businesses can really fill that gap,” said Kerrigan.The Small Business Administration says it will be up to Congress to decide what to do with leftover funds from the PPP. 1900
WASHINGTON (AP) — President Donald Trump is extending the voluntary national shutdown for a month as sickness and death from the coronavirus pandemic rise in the U.S. The initial 15 days of social distancing urged by the federal government is expiring and Trump had expressed interest in relaxing the guidelines at least in parts of the country less afflicted by the pandemic. But instead he decided to extend them. Many states and local governments have stiffer controls in place on mobility and gatherings. The federal guidelines recommend against against large group gatherings, promote social distancing, and urge older people and anyone with existing health problems to stay home. 693
WASHINGTON D.C. (KGTV) -- President Donald Trump Saturday ordered that flags be flown at half-staff in memory of Representative John Lewis.The proclamation was published by the white house Saturday and will remain in effect through the end of the day.Read the full order below: 285
WEST PALM BEACH, Fla. — An 8-year-old has gone above and beyond this holiday season.Aiden Foster didn’t give up until a West Palm Beach woman found her cat which ran away weeks ago.The past 10 years Ashley Goldstein and her furry friend, Tobin, have been inseparable. But just days after they settled into a new home, Tobin disappeared.“I was desperate to find him. I put flyers up,”Goldstein said.She searched for several days which then turned into weeks, still no sign of Tobin.“Honestly I thought I was never going to see him again. I kinda gave up,” she said.At that moment, a glimmer of hope.Ashley received a phone call with the news that she’d been desperately waiting for.“It’s this little boy telling me that he thinks he saw my cat,” she explained.It was Foster, the neighborhood pet detective, who promised to help.“I saw him in the backyard he ran over the fence,” Foster said.Aiden kept his word and went above and beyond, using a little creativity in the process.“So I tried to go after him and I just couldn’t so I just put my cat food that was there, I put a trail all the way down there left a whole big pile over there ,” Foster said.60 days after his disappearance, Ashley received her Christmas miracle. She found Tobin less than a mile away from home where Aiden last saw him.“He not only made my Christmas, my holiday, but he brought my family back together,” She said.Ashley rewarded Aiden with 0.She also gave him an extra 0 that she raised for him through a fundraising site.This story originally reported by Kamrel Eppinger on WPTV.com. 1578
We're now entering peak back-to-school shopping season, but this is turning out to be a school shopping season like none ever before.In the year of the pandemic, many parents are holding off, unsure their children will even set foot in their schools this fall.In normal years, Target, Staples and other stores would be running big back-to-school campaigns by now. Stores would be stocked with gym shoes, white shirts, notebooks, and Clorox wipes. (Remember Clorox wipes? Have you seen any for sale in four months?)But these are not normal times.With many schools already planning for online learning this September, there's no need to buy lots of new school clothing or even backpacks.Other schools are holding off announcing any plans, which means teachers cannot come up with lists of required items yet.Why shopping could still be strongIt turns out learning at home may actually boost sales figures this year, according to the National Retail Federation.It says parents will be buying more laptop PCs and iPads then ever before. With many students learning at home even just part time, demand is soaring for new laptops to improve the Zoom call experience.The result is that the retail group predicts shopping could be 3-5% higher than last year, with more parents than ever dropping 0 to ,000 on a computer. Two kids? Double it.But from the doesn't that stink file, the bad news is for brick-and-mortar retailers.The Retail Federation says online sales will soar this school year, as families avoid going to the mall.About 45% of shoppers say they plan to do more online shopping this year than they did a year ago, which was already a strong year for online sales.That means if you like to browse the mall for school shopping, you'll find fewer stores open and much less merchandise on those store shelves when you get there.Shoppers report many shoe stores have just half their normal amount of merchandise on display.As a result, this shopping season is unlikely to rescue malls already deep in financial trouble.No more hands-on testing Macs and iPadsNeed a trip to the Apple store? 30% of them are closed, as Apple recloses stores in areas in the growing red zones.Meantime, many of the open ones won't let you play with the displays anymore, or do a hands-on test of MacBooks on the big open tables. You will need to ask an associate for help in those stores. CLICK HERE to find out if your store is open.One bright spot in all of this: If stores find school clothing and merchandise not moving well by the middle of August, expect huge markdowns later in the month, so you don't waste your money.____________________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com 2924