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More than half a million businesses received the federal funds the Paycheck Protection Program (PPP). The program was created in March to help small business and their employees survive the financial impact of the pandemic. The program lent businesses money at a low-interest rate, with the potential for the loans to be forgiven or turned into a grant if the company retained and paid their workers for a given time.Watchdog groups, like U.S. PIRG, were among many groups and elected leaders that called for transparency with PPP. After initially resisting, in May, the U.S. Department of Treasury and the Small Business Administration announced they would release the names of all businesses that received a PPP loan in the amount of 0,000 or more.Earlier this month, that list was released. What has come to light is that millionaire, billionaires, and even some celebrities received the federal aid intended to help struggling small businesses. For example, rapper and fashion designer Kanye West, with an estimated net worth of .3 billion, received a PPP loan for his company Yeezy.“From the very outset, the public, watchdogs, and elected officials had a very good reason to want data to see where this money was going,” said R.J. Cross with U.S. PIRG. “As we just learned, we had good reason to be questioning is this program going to do what it was intended to do?”Cross is calling for the federal government to take steps to find out how much money went to small businesses and how much went to larger companies that may have had access to other sources of cash to get them through the financial hardship.“A big improvement on the program would be true audits on all of the loan amounts,” said Cross. “That, say, if we find that you could’ve probably gotten money somewhere else we are going to take those taxpayers dollars back.”Currently, only loans over million will be audited, but most of the loans taken out, including some by millionaires and billionaires, were just below that threshold.“We don’t have any proof to say that they picked that amount strategically, but it certainly raises questions,” Cross added.Watchdog groups say the only way to answer those questions for the American people is continued transparency and expanded audits.“Fraud and corruption are a real concern anytime the government is spending and giving money to companies, and especially, the pace in which it is happening right now,” Cross said. “There is reason to keep a very close eye on what is happening next. The biggest bailout in U.S. history deserves the most transparency in U.S. history.”The SBA and treasury department have not given an indication that they will expand audits. Even if they did, it would take months, and potentially years, to get the results of those audits, followed by a potential hurdle to make the results public. 2855

Nearly 15,000 jobs are at stake as General Motors has announced it may be closing as many as five factories.The company said it will close the Detroit-Hamtramck Assembly Plant in Detroit and Warren Transmission Operations in Warren. Other plans closing include the Oshawa Assembly Plant in Oshawa, Ontario, the Lordstown Assembly in Warren, Ohio and the Baltimore Operations in White Marsh, Maryland, WXYZ television station reports.The moves are the first big steps in the century-old GM's transformation. It is closing facilities and reinvesting money away from cars that once dominated roadways and to technology that the company believes will power its future."These actions will increase the long-term profit and cash generation potential of the company and improve resilience through the cycle," CEO Mary Barra said.GM is preparing for the next economic downturn and potential tariffs on auto imports. It will reduce its salaried workforce by 15 percent, including a quarter of the company's executives.A plant in Canada that is closing will eliminate 2,500 jobs. The Canada plant set to close as part of the global restructuring is in Oshawa, Ontario, where it has been open since 1953. The private sector union Unifor said it has been informed there is no product allocated for the plant past December 2019.The union will meet with GM leaders later today.The company's plant closures have been expected due to struggling automobile sales. Layoffs in the United States will affect factory and white-collar workers, The Washington Post reports. 1588

Moderna announced Thursday they have started giving teenagers their COVID-19 vaccine as part of their study on how the vaccine works in those under 18.Pfizer, the other vaccine maker with an emergency use request for their COVID-19 vaccine in adults before the FDA, started including teens in their trial in October.In the Moderna’s press release, they say the Phase 2/3 study of the mRNA vaccine is now underway and is being conducted on children between the ages of 12 and 18.“We are pleased to begin this Phase 2/3 study of mRNA-1273 in healthy adolescents in the U.S. Our goal is to generate data in the spring of 2021 that will support the use of mRNA-1273 in adolescents in advance of the 2021 school year,” said Stéphane Bancel, Chief Executive Officer of Moderna in a company statement. “We hope we will be able to provide a safe vaccine to provide protection to adolescents so they can return to school in a normal setting.”The Phase 2/3 study from Moderna is being done to test the safety and immunogenicity of the two-dose vaccine they submitted to the FDA for emergency use approval last month.They plan to enroll about 3,000 teenagers in the U.S. in the trial, with each receiving either a placebo or the vaccine in two doses, 28 days apart. 1262

MINNEAPOLIS (AP) — A Delta Air Lines pilot from Minnesota was charged Friday with operating an aircraft under the influence of alcohol.Tests confirmed that 37-year-old Gabriel Schroeder, of Rosemont, had a blood alcohol level between 0.04% and 0.08% when detectives arrested him on a plane at the Minneapolis airport just as it started boarding for a flight to San Diego on July 20, according to the criminal complaint.The limit set by the Federal Aviation Administration is 0.04%, which is half the legal limit for driving in Minnesota.Schroder's first court date is Nov. 27. Court records don't list an attorney who could comment for him.According to the complaint, Schroeder told detectives that he'd had one beer and three vodka drinks the night before. He also admitted discarding an unopened vodka bottle that investigators found in an airport bathroom after he saw that security screening for crews had been stepped up.Delta removed Schroder from flying after his arrest. 986

NAPLES, Fla. - Two people were killed after falling 70 feet when an elevator collapsed in Naples, Florida on Wednesday. Two construction workers were standing on a lift at Club Brittany of Park Shore, the Naples Fire Department said. They working on an outside elevator when the lift the construction workers were on collapsed and dropped 70 feet, they said. It has been confirmed both workers are dead. The elevator is attached to the side of the building and is typically used during renovations."This would be used after the building is completed, probably windows, railings, repairs and stucco," said David Mola, a contractor who lives near the accident.Mola says accidents involving these elevators are extremely rare.  Construction on condominiums along Gulfshore Boulevard have ramped up since season has ended."They're usually restricted, they usually have 6 months from now to late October to finish," said Mola.Officials from OSHA, the Occupational Safety and Health Administration arrived at the scene to investigate.The identity of the victims have not been released. 1107