Coronavirus:

[chuck]

Where did it go?

Same place it always goes. Big guys. Corporations.

[Roy]

I still believe it's a cluster f**k and should have been handled better from the beginning.

Being etymologically curious, I found this:

https://qz.com/work/1225213/the-difference-between-a-snafu-a-shitshow-and-a-clusterfuck/

[HONDO74]

I still believe it's a cluster f**k and should have been handled better from the beginning. It's being used as a cover up for an economy that was so fragile. From what i hear business loans dried up in the first 10 days.the money is gone already. Where did it go?

The world economy or just the US economy. ?

What government agency was responsible for giving out the loans. ?

Was there any direction from congress as to how the money was to be distributed in the stimulus bill. ?

[HONDO74]

Adding to this.

https://news.yahoo.com/small-businesses ... 29953.html

The Small Business Administration opened two programs: The $350 billion Paycheck Protection Program offered businesses with fewer than 500 employees a loan that can turn into a free grant if used to cover payroll and other allowed expenses and employees aren’t laid off. The Economic Injury Disaster Loan provided up to $2 million in financial assistance for any business that has losses as a result of the pandemic.

On Friday, the SBA disclosed the first final accounting of the exhaustion of the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act funding for the initial phase of the PPP program. In sum, 1,661,367 loans were approved for $342,277,999,103 from 4,975 lenders through noon Friday, the SBA said in a release.

The total amount approved was lower than the $349 billion allocated because approximately $6 billion went to lender fees, as prescribed by the legislation.

The top five industries receiving the loans, in descending order, were construction, services, manufacturing, health, and accommodation and food services. These loans compromised nearly 60 percent of the total amount.

By state, California received the most PPP loans, at $33 billion, followed by Texas ($28 billion); New York ($20 billion); Florida (almost $18 billion); and Illinois (nearly $16 billion). Three-quarters of the loans were for $150,000 and under. Four percent of the loans were for over $1 million, consisting of nearly 45 percent of the total money disbursed.

[HONDO74]

And some more.

https://news.yahoo.com/retailers-restau ... 06106.html

(Reuters) - Retailers, restaurants and hotels -- whose low-paid workers are among the hardest hit in the coronavirus pandemic -- got a combined 18% of the $342 billion allocated under a new federal government program to help small firms keep paying their employees during widespread shutdowns, data from the agency running the program showed on Friday.

In all about 1.66 million businesses have won loans under the first-come, first-served program, which ran out of money on Thursday. The data released Friday covers nearly all of the $349 billion that had been allocated under the program.

Construction firms and professional services firms each accounted for about 13% of the total pot, and manufacturers and health care firms about 12% each, the data showed.

Firms providing food services and accommodations got about 9% of the total, about the same percentage as retailers.

[MurphOnMillerAve]

And some more.

https://news.yahoo.com/retailers-restau ... 06106.html

(Reuters) - Retailers, restaurants and hotels -- whose low-paid workers are among the hardest hit in the coronavirus pandemic --....

I have a dear friend who is manager of a group of hotels in Miami, and he told me, a couple days ago, that he had to furlough everybody , and in a short time, he was furloughed, too.

I think he's scared.

[Rufus T. Firefly]

It's stay at home frustration getting to me. Tired of the tv commercials " we at so and so are family and want you to know your part of our community. Or in these trying times".

Yes, those are so disingenuous and tiresome at the same time.

I still believe it's a cluster f**k and should have been handled better from the beginning. It's being used as a cover up for an economy that was so fragile.

Now that's obvious except for those that like to believe all the lies....

From what i hear business loans dried up in the first 10 days.the money is gone already. Where did it go?

Have not heard anything about it running dry yet, but given the distribution of where the moeny was to go, it would not surprise me that that feeding trough ran out very quickly. Too much went to big companies that were carrying way too much debt in business sectors that really needed consolidation....and to those that were railing against "socialism" - their snouts were in the feed trough first.

BTW, if your direct deposit banking info is not file with the IRS or other part of the Gov't, your check will be in the mail.........3 weeks to 5 months from now.

And don't get all excited over Gilead's anti-viral - trial info that was leaked is at best preliminary and almost anecdotal; treating seriously sick folks; not people just with a temp and cough. Some tox issues with that drug, too. Encouraging but hopefully not the final answer; it was a convenient off the shelf agent; still really need something more specific.

[healey36]

...with Trump’s very beautiful, tremendous signature on it.

[Rufus T. Firefly]

...with Trump’s very beautiful, tremendous signature on it.

Glad that I am fully stocked up on TP.

[robert.]

...with Trump’s very beautiful, tremendous signature on it.

Glad that I am fully stocked up on TP.

You can deposit a government stimulus check by cellphone. keep the check and use it as tp. Make sure you get the signature part good. Needing to place your signature on everyone's check is something that will turn more people against him. Meanwhile Hunter Biden still works for a foreign company

[Rufus T. Firefly]

...with Trump’s very beautiful, tremendous signature on it.

Glad that I am fully stocked up on TP.

You can deposit a government stimulus check by cellphone. keep the check and use it as tp. Make sure you get the signature part good. Needing to place your signature on everyone's check is something that will turn more people against him.

I probably will not be getting one so that's up to you. Not on my cellphone.....either one; both flip phones

Meanwhile Hunter Biden still works for a foreign company

So? Everybody that works for Smithfield works for the Chinese. If you work for Breyer's or Hellman's, you work for the Dutch/English.....

[robert.]

No not everyone at Smithfield works in china. I have no problem with smithfield. They buy a product from farmers and ship it. hunter Biden claimed he would step down. If his father ran for president.

[robert.]

Smithfield buys pigs from US growers. Then cuts those pigs in half. Freezes them and ships over seas. I got i a small argument with a lady about this. When se saw my ham before easter. She said to me. “Your ham is from china. They grow them here. Then ship them overseas for processing. Your ham has Chinese chemicals in it . Chinese labor can butcher them cheaper then in America.” She had no clue about ocean going freight priced. 5 grand each way. Maybe more for reffer service. I could not get her to understand no food company would save money with an extra cost of $10,000. On 2500 cubic feet of meat

[Rufus T. Firefly]

No not everyone at Smithfield works in china. I have no problem with smithfield. They buy a product from farmers and ship it.

Go back and read again - I stated works for, not in. Two very different things. Some much for keeping US businesses US owned.

hunter Biden claimed he would step down. If his father ran for president.

And the Trump kids are running the WH and making millions while doing it. Maybe worry about that.

[HONDO74]

No not everyone at Smithfield works in china. I have no problem with smithfield. They buy a product from farmers and ship it. hunter Biden claimed he would step down. If his father ran for president.

CEFC China Energy

Biden helped Chinese businessman Ye Jianming negotiate a deal for Ye's company CEFC China Energy to make a $40 million investment in a liquefied natural gas project at Monkey Island, Louisiana. Biden agreed to legally represent Ye's deputy, Patrick Ho, for investigations in the United States. Ho was eventually arrested and jailed in the U.S. for bribery. In 2018, the CEFC deal collapsed after Ye was detained in China, reportedly for corruption.