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Keyword: bailout

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  • Pritzker hopes for federal money for Illinois after Democrats regain full control in D.C.

    01/08/2021 7:49:41 AM PST · by AT7Saluki · 17 replies
    The Center Square ^ | 1/07/20 | Cole Lauterbach
    Illinois Gov. J.B. Pritzker was all smiles about Georgia’s U.S. Senate election results Wednesday, saying he’s optimistic that the federal government will come through with more state aid now that Republicans can’t block it. At a news conference in Chicago, Pritzker was asked about how soon he thinks the state’s multi-billion dollar budget deficit would be closed now that it’s more likely that Illinois and other states would see federal revenue passed down. “I’m thrilled about the fact that the Senate changed hands,” he said. “As far as how that will affect the state of Illinois, I think there are...
  • California governor plans $4 billion for economic recovery

    01/05/2021 6:30:44 PM PST · by Olog-hai · 26 replies
    Dissociated Press ^ | January 5, 2021 | Adam Beam
    After spending most of 2020 telling small businesses to close and limit their customers, California Gov. Gavin Newsom on Tuesday proposed $4 billion worth of state spending he says will help them survive in 2021. Newsom was the first U.S. governor to impose a statewide stay-at-home order because of the coronavirus pandemic in March, earning praise at the time for decisive action to contain the spread. But a recent surge of cases has caused those restrictions to linger into 2021, shuttering bars, restaurants, barber shops, gyms and movie theaters for months at a time while imposing strict limits on capacity...
  • Broadway Hails 'Save Our Stages Act,' Included In Stimulus Deal (Cornyn's Broadway Bailout)

    12/26/2020 8:58:41 AM PST · by marcusmaximus · 24 replies
    Patch NYC ^ | 12/21/2020 | Nick Garber
    MIDTOWN MANHATTAN, NY — The theater industry is celebrating after congressional leaders announced that a major funding package known as the "Save Our Stages Act" would be included in the stimulus bill expected to be approved on Monday. For months, industry leaders and local elected officials have clamored for a federal bailout of performing arts venues, which face an existential crisis as the coronavirus pandemic has shut down nearly all live events since the spring. On Sunday, Senate minority leader Chuck Schumer and House Speaker Nancy Pelosi confirmed that the agreement with congressional Republicans included $15 billion in funding for...
  • Stimulus Offers $15 Billion in Relief for Struggling Arts Venues (Cornyn's Broadway Bailout)

    12/24/2020 9:36:01 AM PST · by marcusmaximus · 28 replies
    NY Times ^ | 12/24/2020 | Ben Sisario and Emily Cochrane
    For the music venue owners, theater producers and cultural institutions that have suffered through the pandemic with no business, the coronavirus relief package that Congress passed on Monday night offers the prospect of aid at last: it includes $15 billion to help them weather a crisis that has closed theaters and silenced halls. The money, part of a $900 billion coronavirus relief package, is designed to help the culture sector — from dive-bar rock clubs to Broadway theaters and museums — survive. -snip- Broadway theaters, which have been closed since March, applauded the relief package. “We are grateful for this...
  • Independent theaters and arts venues among many left hanging as Trump threatens Covid relief bill (Cornyn's Broadway Bailout)

    12/24/2020 9:24:51 AM PST · by marcusmaximus · 26 replies
    CNBC ^ | 12/24/2020 | Sarah Whitten Jacob Pramuk
    The $900 billion coronavirus relief package includes a long sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set to become law this week, but President Donald Trump on Tuesday threatened to blow up the deal, the result of months of contentious negotiations. -snip- It caps a several-month push for the Save Our Stages Act, a bipartisan plan to buoy small arts and entertainment venues that have taken a drubbing during pandemic health restrictions. Private, small performing arts venues,...
  • Democrats Want $5.5 Billion Bailout of New York City’s Illegal Population

    11/18/2020 6:19:50 AM PST · by ChicagoConservative27 · 26 replies
    Breitbart ^ | 11/17/2020 | Neil Munro
    The coronavirus crash has completely impoverished New York City’s huge illegal-migrant population, so it needs a bailout from billionaires, says a far left group of open border activists. The advocacy group, Make the Road NY, wants to raise $5.5 billion from 120 New York billionaires to provide roughly $750 per week in aid for up to 1.2 million illegal migrants and their dependents. Numerous Democratic legislators back the campaign.
  • Hunter Biden-linked companies took millions in bailout loans, taxpayer funds - Just the News

    10/23/2020 12:00:00 AM PDT · by volunbeer · 20 replies
    Just the News ^ | 10/22/20 | Daniel Payne Another example of "stimulus" and who got it? Biden Inc. Nothing to see here folks..... I bet all the millions were put squarely in the hands of the little folks crushed by the housing bubble.
  • Movie Business Leaders Urge Congress to Fund Theater Bailout

    09/30/2020 3:15:35 PM PDT · by EdnaMode · 45 replies
    Variety ^ | September 30, 2020 | Dave McNary
    Leaders of the nation’s movie theater business, which has been hammered by the COVID-19 pandemic, are urging Congress to provide bailout funds so the industry can survive. The letter urges Senate Majority Leader Mitch McConnell, House Speaker Nancy Pelosi, Senate Democratic Leader Chuck Schumer, and House Republican Leader Kevin McCarthy to redirect unallocated funds from the CARES Act to proposals that help businesses that have suffered the steepest revenue drops due to the pandemic. The National Association of Theatre Owners, the Directors Guild of America, the Motion Picture Association and more than 70 directors, producers, and writers signed the letter....
  • Congress’s Covid Income Redistribution. State income figures show the Cares Act helped blue states far more than red.

    09/29/2020 6:24:00 AM PDT · by karpov · 4 replies
    Wall Street Journal ^ | September 28, 2020 | WSJ Editorial Board
    Speaker Nancy Pelosi said this weekend that House Democrats plan to pass a new $2.4 trillion relief bill “that puts money in people’s pockets.” So it’s worth highlighting how the $2.2 trillion Cares Act that passed in March has disproportionately helped blue states that imposed stricter coronavirus lockdowns and have been slower to recover economically. The Bureau of Economic Analysis on Thursday published its second-quarter state personal income report, and the data show how lockdowns affected earnings and government income transfers. Personal incomes last quarter grew a whopping 34.8% as transfer receipts (854%) more than offset lower earnings (minus-27.5%). But...
  • U.S. Senator Chuck Schumer Urges Federal Aid For Broadway At Times Square Rally

    09/18/2020 1:42:30 PM PDT · by EdnaMode · 55 replies
    Deadline ^ | September 18, 2020 | Greg Evans
    U.S. Sen. Minority Leader Chuck Schumer and the Broadway League renewed the call for dedicated federal funding for Broadway and other New York live venues today, reiterating the push for the $10 billion bipartisan Save Our Stages campaign. “Today we are fighting hard to keep stages alive, stories told and shows going on,” Schumer said at an outdoor press conference in New York’s theater district near the TKTS Booth. The senator joked that he would demand “a Lion King’s share of federal relief” for Broadway. Citing the $15 billion contributed by Broadway to New York’s economy last year, the 100,000...
  • State and Local Governments Need Some Tough Love From Uncle Sam. No more bailouts.

    08/06/2020 2:09:27 PM PDT · by karpov · 9 replies
    Reason ^ | August 6, 2020 | Veronique de Rugy
    State and local governments want more funds from the federal government to patch their budgets. Lack of revenue due to the recession and self-inflicted damage from the COVID-19 shutdowns of their economies, as well as larger-than-ever expenditures on top their regular overextended budgets, mean that many of them are hurting for cash. And while they're asking for $500 billion in bailout cash, Speaker of the House Nancy Pelosi wants to give them $1 trillion. I, on the other hand, think it's about time state and local governments start fending for themselves. As I've explained before, there are many reasons to...
  • Rep. Steve Scalise on the Democrats COVID-19 demands

    08/03/2020 11:50:05 PM PDT · by RandFan · 20 replies
    Twitter ^ | Aug 3 | Rep. Steve Scalise
    @SteveScaliseDems' demands: - Mail-in/No-ID voting - Stimulus checks to illegal immigrants - Green New Deal provisions - Tax breaks for blue state millionaires - $ for sanctuary cities - $ for pot industry What a joke. That's not COVID relief. It's Pelosi's No Liberal Cause Left Behind Act. Video...
  • Democrats Using COVID-19 to Enact Stealth 'Green New Deal'

    08/01/2020 4:01:04 AM PDT · by Kaslin · 6 replies ^ | August 1, 2020 | Ken Blackwell
    We are three months from the Presidential election, and the stakes for the future of America have never been higher. The COVID-19 global pandemic knocked America's robust economy back on its heels. As states cautiously re-open, President Trump has been laser-focused on supporting small businesses and getting our nation to work. However, in Washington, D.C., with 51 million people out of work, House Speaker Nancy Pelosi, Democrats, and their connected cronies have abused SBA loans. They have snuck numerous provisions into emergency bills under the cover of COVID-19. The most terrifying sign of Democrats' plans is their embracing the previously...
  • The 23 airlines that have collapsed since Covid-19

    07/23/2020 8:07:10 AM PDT · by SkyPilot · 15 replies
    The Telegraph ^ | 21 Jul 20 | Greg Dickinson
    Air travel may have resumed in some corners of the planet, although for some airlines it was too late. The Covid-19 pandemic has brought a tumultuous period for aviation, with 23 airlines collapsing following the international travel restrictions introduced to curb the spread of the disease. In the UK, the FCO advised against travel in mid-March and only lifted this restriction, for a limited number of countries, in late June. The International Air Transport Association (IATA) last month predicted global losses could reach billions of dollars, as global air traffic remains at only around one third of pre-pandemic levels. And...
  • Soros-Backed Liberal Groups Raked in Tens of Millions From PPP

    07/14/2020 7:53:59 PM PDT · by Twotone · 14 replies
    Washington Free Beacon ^ | July 13, 2020 | Joe Schoffstall
    At least 18 left-wing groups supported by the billionaire George Soros's liberal donor club applied for federal loans meant to help small businesses during the coronavirus pandemic, receiving up to $20 million in taxpayer cash between them. Groups backed by the Democracy Alliance, a donor network cofounded by Soros, hauled in cash from the Paycheck Protection Program, a federal program established to provide an economic boost to small businesses and their workers during coronavirus shutdowns. Together, the groups received between $8.5 million and $20.7 million. In addition to the Democracy Alliance groups, another liberal donor network that pays the club...
  • With FEMA aid to rebuild from riots denied, Minnesota looks elsewhere

    07/11/2020 6:16:53 PM PDT · by bitt · 80 replies ^ | 7/11/2020 | KATY READ
    As Minnesota leaders pondered their next steps, it's not yet clear what other sources of funds they may tap. Denied federal aid to help rebuild burned-out, vandalized businesses in the wake of riots that followed George Floyd’s killing, Minnesota leaders pondered their next steps Saturday. But it’s not yet clear what other sources of funds they may tap. The Federal Emergency Management Agency (FEMA) on Friday denied Gov. Tim Walz’s request for nearly $16 million in aid to help rebuild and repair structures in Minneapolis and St. Paul, many of them left in ruins by the riots and fires that...
  • Robert De Niro says coronavirus decimated his finances

    07/09/2020 5:16:25 PM PDT · by RummyChick · 112 replies
    nypost ^ | 7/9/2020 | degregory
    Robert De Niro says he’s running out of dinero. The coronavirus dealt a massive financial blow to the actor’s finances he revealed in court, as his estranged wife asked for an emergency order to raise her monthly American Express card credit limit from $50,000 to $100,000. The “Irishman” actor appeared by phone on a Skype call in his Manhattan divorce case with Grace Hightower as her lawyer told a judge that De Niro unfairly cut her monthly Am-Ex allowance from $100,000 to $50,000 and said she and their children had been banned from an upstate compound where De Niro is...
  • YRC Gives Government 30% Stake In Latest Bailout (for $700 million loan)

    07/01/2020 12:39:44 PM PDT · by Perseverando · 11 replies
    Yahoo Finance ^ | July 1, 2020 | Benzinga
    YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan comes from a federal lending program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which is intended to help businesses survive the economic downturn caused by COVID-19 and maintain employment for their workers. The lending agreement will allow YRC to repay recently deferred health and welfare and pension...
  • Higher Taxes, Layoffs, And Service Cuts: The State And City Budget Crisis Is Here

    06/30/2020 9:56:59 AM PDT · by 11th_VA · 21 replies
    Forbes ^ | Jun 30, 2020,11:53am EDT | Richard McGahey
    The recession is hitting state and city budgets hard in the new fiscal year that starts on July 1. They are responding by firing workers, reducing services, and even increasing taxes. Massive federal aid is the only real solution. The new fiscal year for 46 states and many cities begins on Wednesday. And a flood of red ink caused by the deep pandemic recession is forcing them to fire workers, reduce spending and services, and even raise taxes (one of the worst things you can do in a recession). Without Congress providing up to $1 trillion in federal aid, non-federal...
  • Pritzker signs pandemic budget that relies on federal bailout that's not a guarantee, approves Medicaid for undocumented seniors

    06/13/2020 6:51:25 PM PDT · by 11th_VA · 21 replies
    Mdjon Online ^ | June 10, 2020
    Gov. J.B. Pritzker signed the budget that begins July 1. The spending plan relies on billions of dollars in federal aid that haven’t materialized, keeps spending level from the current year despite revenue losses and cost increases from the COVID-19 pandemic and gives Medicaid access to seniors who are undocumented residents. In a statement, the governor also urged the federal government to pass a funding plan to give state and local governments billions of dollars in an effort to cover parts of the state’s $42.9 billion spending plan...