Unfortunately, with President Trump effectively communicating the latest information on the federal efforts to mitigate COVID-19, more corporate U.S. resistance media have decided not to carry the live broadcasts from the White House task force briefings.
Today at 5:00pm the White House will hold a briefing for the public and media on the latest mitigation efforts against the coronavirus. [Video Added]
Treasury Secretary Steven Mnuchin explains some of details about how the CAREs Act provides financial relief for small businesses (0 to 500 employees). Mnuchin explains how the primary part of the relief bill will support approximately 50% of those impacted.
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The Treasury Department has stood up a system inside the Small Business Administration that cuts through much of the bureaucracy. By using FDIC lenders (local banks) as the point of contact for small businesses and S-corps Treasury can backstop the process.
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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
Well, well, well…. After the media went bananas trying to refute President Trump several weeks ago after he spoke optimistically about the potential for a malaria medication called chloroquine or hydroxychloroquine to be used to combat the coronavirus, today the FDA has approved its use.
WASHINGTON – The Food and Drug Administration on Sunday issued an emergency use authorization for hydroxychloroquine and chloroquine, decades-old malaria drugs championed by President Donald Trump for coronavirus treatment despite scant evidence.
The agency allowed for the drugs to be “donated to the Strategic National Stockpile to be distributed and prescribed by doctors to hospitalized teen and adult patients with COVID-19, as appropriate, when a clinical trial is not available or feasible,” HHS said in a statement, announcing that Sandoz donated 30 million doses of hydroxychloroquine to the stockpile and Bayer donated 1 million doses of chloroquine.
National Economic Council Director Larry Kudlow appears on Fox News with Maria Bartiromo to discuss the critical decisions to balance health risks for Americans with the need to keep the U.S. economy primed to reignite.
New York Mayor Bill deBlasio is officially attempting to establish himself as the United States first totalitarian dictator by announcing a revocation of all New York City citizen rights under the first amendment. A stunning move.
“[Government] shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”
In a stunning announcement Mayor deBlasio threatens that all religious services will be forcibly closed by city authorities “permanently” if they do not comply with the established dictates of city government. WATCH:
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Let us be clear, the government can request, suggest and recommend that faith-based assemblies suspend their services; and in many cases those churches and religious groups may indeed choose to suspend their services. However, under no circumstance, including: war, famine or virus pandemics that could leave only a hand-full of people alive, can the government force the suspension; or punish those who refuse to comply.
Religious worship, including the assembly therein, is enshrined within the first amendment as it carries the first and ultimate essential service. There is absolutely no situation where that right can be removed.
Treasury Secretary Steven Mnuchin appears on Fox News to discuss the latest developments in the battle against COVID-19 and how the coronavirus economic relief package will roll out. Unfortunately the always insufferable Wallace wants to waste time discussing the politics of the administration effort and not communicate important details to American businesses/individuals about what financial relief efforts are available.
Smartly Secretary Mnuchin outlines the process. The Treasury Department has stood up a system inside the Small Business Administration that cuts through much of the bureaucracy. By using FDIC lenders (local banks) as the point of contact for small businesses and S-corps Treasury can backstop the process. [SEE BELOW]
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The local business (or S-corp) takes their payroll and yearly expense documents to their local bank where they already have a relationship. As long as the bank is in the FDIC network; and because the emergency funds are distributed based on a good faith relationship; the bank gives the business or individual immediate access to funds; the bank deposits in the business account. The FDIC guarantees the lender against any risk.
If the business does not continue payroll for the employees, the funds are considered a loan that must be repaid. However, if the business retains their employees (continues to keep current payroll); or -if needed- rehires any recent lay-offs using the funds provided; then the emergency loan becomes a grant the business will not have to repay. The system should be in place by this Friday.
The White House holds a COVID-19 task force briefing today to provide updates and take questions from the media pool at 5:00pm ET. [Livestream Links Below]
White House Coordinator for the Defense Production Act, Peter Navarro, appears on Fox News to discuss how U.S. manufacturers are shifting their production lines to generate products needed to combat coronavirus.
GM CEO Mary Barra appears to have found a spark under her corporate butt after President Trump invoked his power under the DPA to support a greater sense of urgency.