There has been a great deal of interest in the possibility of a second round of stimulus checks: when, how much, and by whom? But the upcoming expiration of the federal $ 600 per week unemployment benefit program, a problem with much deeper economic implications, has been approaching as its …
Read More »El Al will be nationalized, the state will buy shares worth $ 150 thousand
El Al’s Board of Directors ruled on Sunday night in favor of the disbursement that the Ministry of Finance suggested keeping the airline in business during the global coronavirus crisis and the ongoing pilot strike that halted all operations, Calcalista reported Sunday. The state will guarantee a $ 250 million …
Read More »Burning Man, Bird, a16z, Yeezy among PPP loan recipients
The Trump administration released a list Monday of the companies that received the largest amounts of money distributed through the Paycheck Protection Program, a stimulus for companies established to combat the economic consequences of the COVID-19 pandemic. A number of Silicon Valley tech companies and ventures were among the recipients, …
Read More »Tesla Stock is way out there. It may be time to tread lightly.
Text size Tesla said it delivered more than 90,000 cars in the second quarter. Photograph by Spencer Platt / Getty Images Tesla‘s The gains have pushed stocks as far as possible from the Wall Street average price. That could be a risk for bullish investors. Tesla (ticker: TSLA) shares gained …
Read More »Egypt Arrests, Silences Critics for Coronavirus Outbreak
A doctor arrested after writing an article about Egypt’s fragile health system. A pharmacist picked up from work after posting online about the shortage of protective equipment. An editor kicked out of his home after questioning the official coronavirus numbers. A pregnant doctor arrested after a colleague used her phone …
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