German economic stimulus plan could be worth 75 billion – 80 billion – paper

FRANKFURT (Reuters) – Germany is working on a stimulus package worth 75 billion-80 billion euros ($83 billion-$89 billion) to support economic recovery after the coronavirus pandemic, weekly Bild am Sonntag reported. Chancellor Angela Merkel’s coalition would stump up more than 60 billion euros, while the country’s regional states would shoulder the rest, the paper reported. […]

Read More

Subway HQ receives suspicious powder after recent firings

Subway Restaurants’ Milford, Conn., headquarters received a package with a powdery substance on Thursday that’s being investigated by the local police and the Federal Bureau of Investigation, The Post has learned. The police and Subway executives believe the package could have been sent by a recently laid-off Subway employee, Milford police officer Maralisa Anania told […]

Read More

Aviation Committee authorizes rent relief for O’Hare and Midway concessionaires

Aviation Commissioner Jamie Rhee | Jamie Rhee The relief package would waive rent and fees for two months for restaurants and stores. Beginning in June, those concessionaires would pay base rent only. O’Hare and Midway Airport concessionaires that have shut down or seen their revenues plummet because of the coronavirus would get some relief under […]

Read More

Stimulus checks, state aid and more: What’s in House Democrats’ new coronavirus relief bill

House Democrats have put forth their biggest and most expensive coronavirus aid package yet, with a price tag of around $3 trillion, Fox News is told. Here is what’s inside the proposal: More direct payments  The package, dubbed the HEROES Act, includes more direct payments beyond the $1,200 check most Americans received under earlier legislation. […]

Read More

Brazil’s Senate approves $10.5 billion aid package for states and cities

BRASILIA (Reuters) – Brazil’s Senate approved on Wednesday a 60 billion-real ($10.5 billion) aid package for the nation’s cities and states, which are facing higher social welfare costs and decreasing revenue amid the novel coronavirus pandemic. The bill now goes to President Jair Bolsonaro for final approval. Disclaimer: Fusion Media would like to remind you […]

Read More

Sen. Kelly Loeffler got $9 million ‘windfall’ from NYSE parent company

Sen. Kelly Loeffler received a seven-figure compensation package on the way out of her lucrative job at the New York Stock Exchange’s parent company, a new report says. The Georgia Republican received more than $9 million in stock and other awards when she left Intercontinental Exchange, where her husband is the CEO, The New York […]

Read More

The Best Part of the Campaign Trail (the Food!) Comes Home

It started on my birthday. I received, on the same blessed day in April, a package of ribs from the Memphis restaurant Central BBQ, courtesy of my brother and sister-in-law, and a box of Eastern North Carolina barbecue and hush puppies from Kings BBQ Restaurant, by way of my parents. That’s when I figured out […]

Read More

GM boss Mary Barra’s $21.6M salary last year was actually a pay cut

General Motors CEO Mary Barra received a compensation package worth $21.6 million in 2019, 1.1 percent less than the previous year, according to the US automaker’s proxy statement released on Monday. Barra’s pay package included a salary of $2.1 million, stock awards worth $12.14 million, options worth more than $3.5 million and a performance award […]

Read More

U.S. banks gird for mad grab of another $310 billion in new small business aid

2/2 © Reuters. The U.S. House of Representatives pass an additional economic stimulus package passed earlier in the week by the U.S. Senate, on Capitol Hill in Washington 2/2 By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – U.S. banks were girding on Monday for another chaotic dash to grab $310 billion in fresh small […]

Read More

Opposed to Bailouts, but in This Case Willing to Take One

WASHINGTON — Among the applicants for loans from the Small Business Administration’s stimulus package is the foundation arm of FreedomWorks, a conservative operation that advocates small government and made its name opposing bailouts. “I would love someone to give us free cash,” said Adam Brandon, the president of FreedomWorks, which is working to build support […]

Read More

House passes $484B coronavirus small business relief bill, sends to Trump

The House of Representatives Thursday overwhelmingly passed a $484 billion relief package to rescue small businesses, help hospitals and to expand testing, sending the fourth bipartisan coronavirus bill to President Trump’s desk. The legislation will deliver a $310 billion infusion to the Paycheck Protection Program (PPP), a forgivable loan program that ran out money last week amid skyrocketing […]

Read More

US boosts aid to Greenland over military tension with Russia, China in Arctic

The U.S. will give a $12.1 million aid package to Greenland and open a consulate on the Arctic island, officials said Thursday. The aid, intended to counter Russian and Chinese influence in the Arctic region, will focus on energy, tourism and education. “We’ve developed, again, in consultation with the Kingdom of Denmark and the Government […]

Read More

Senate approves $483 billion virus aid deal, sends it to House

By LISA MASCARO and ANDREW TAYLOR WASHINGTON  — A $483 billion coronavirus aid package flew through the Senate on Tuesday after Congress and the White House reached a deal to replenish a small-business payroll fund and provided new money for hospitals and testing. Passage was swift and unanimous, despite opposition from conservative Republicans. President Donald […]

Read More

Japan stimulus package boosted to $1.1 trillion due to cash payouts: draft

TOKYO (Reuters) – Japan’s economic stimulus package will be revised to 117.1 trillion yen ($1.086 trillion) from 108.2 trillion yen, boosted by the expansion of a cash payout scheme aimed at lessening the pain from the coronavirus outbreak, a draft obtained by Reuters showed. Fiscal spending will account for 48.4 trillion yen, of which around […]

Read More

Hit by the virus and weighing a raid on your 401(k)? Beware

Many Americans are struggling financially due to the coronavirus. A recent federal relief package makes it easier for people financially harmed by the coronavirus outbreak to tap into their retirement savings for cash by loosening rules for withdrawals and loans. But should they use them? Experts say it’s an option of last resort and should […]

Read More

Millions of tax-paying immigrants won’t get stimulus checks

The $2.2 trillion package that Congress approved to offer financial help during the coronavirus pandemic has one major exclusion: millions of immigrants who do not have legal status in the U.S. but work here and pay taxes. That includes Carmen Contreras Lopez, a 48-year-old housekeeper who, though she earns low wages, files a tax return […]

Read More

Cruise Lines Were Shut Out of the Stimulus. Here’s Why.

President Trump on March 27 signed into law the $2 trillion stimulus package designed to save millions of jobs and bail out companies devastated by the coronavirus. But when the dust settled, one hard-hit sector of the travel industry was left on the sidelines: the major cruise lines. Even politicians who demanded that the industry […]

Read More

Thai cabinet to consider new economic measures on Friday – Deputy PM

© Reuters. BANGKOK (Reuters) – Thailand’s cabinet will on Friday consider a new package of economic measures aimed at mitigating the impact of coronavirus over the next six months, a deputy prime minister said. A plan to issue a law to borrow funds will also be discussed, Somkid Jatusripitak told reporters on Thursday. On Monday, […]

Read More

$2 trillion wasn’t enough: Lawmakers already eyeing another coronavirus response bill

On the heels of the largest stimulus package passed in U.S. history, lawmakers on Capitol Hill and administration officials are contemplating yet another piece of legislation to provide economic relief amid the coronavirus outbreak. The latest indication came Monday, when Treasury Secretary Steven Mnuchin said he would be willing to ask Congress for more money for […]

Read More

Don’t Need That $1,200 Stimulus Check? Here Are Places to Donate It.

Congress passed a sweeping $2 trillion stimulus package on Friday, its most drastic measure to date to throw a buoy to the American economy that is sinking under the coronavirus outbreak. Included in the legislation is an expansion of unemployment benefits, lending programs for small businesses and direct support for large and small companies. But […]

Read More

Virgin Atlantic set to ask for state aid: FT

(Reuters) – UK-based airline Virgin Atlantic will ask the British government for a package of commercial loans and guarantees worth hundreds of millions of pounds, the Financial Times reported https://www.ft.com/content/c2d817d9-8a73-4bb8-89e7-e5ca67ed41d7 on Friday, citing people familiar with the matter. Other carriers including easyJet (LON:), regional airlines such as Loganair and Eastern Airways, and Norwegian Air Shuttle […]

Read More

The Coronavirus Economy: When Washington Takes Over Business

The $2 trillion coronavirus rescue package that the Senate passed on Wednesday will fundamentally transform the U.S. government by placing thousands of businesses and millions of workers on federally funded life support. The government will pay the wages of some workers who remain on their companies’ payrolls. It will sustain other workers who have lost […]

Read More

Congress Addresses Housing Crunch Amid Coronavirus Pandemic

WASHINGTON — Congress’s $2.2 trillion stabilization package headed for likely final passage on Friday will allocate more than $12 billion in funding for federal housing and rental assistance, a belated recognition that Americans cannot shelter in place from the coronavirus if they have no shelter. The pandemic is hitting hardest in some of the most […]

Read More

A Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package

The federal government’s planned $2 trillion economic rescue package includes financial aid for individuals and industries that are struggling to survive the coronavirus pandemic. It also includes a potential bonanza for America’s richest real estate investors. Senate Republicans inserted an easy-to-overlook provision on page 203 of the 880-page bill that would permit wealthy investors to […]

Read More