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Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends

7 days ago   |   By

A bipartisan coronavirus aid package in the Senate offers $58 billion to the nation's airlines , split evenly between loans and payroll grants.
The coronavirus bailout package , which aligns with requests made by US airlines , would prohibit stock buybacks and share dividends for at least a year after the loans have been repaid. It also restricts executive compensation.
Airlines would be prohibited from laying off or furloughing employees through September, should the crisis for air carriers continue past then, effectively protecting "hundreds of thousands of jobs," one union official...
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Mayor de Blasio Calls $1 Billion for NYC From Coronavirus Stimulus Bill 'Just Immoral'

Mayor de Blasio Calls $1 Billion for NYC From Coronavirus Stimulus Bill 'Just Immoral'

7 days ago   |   By

"They gave us less than 1 percent of the money that they were giving out to cities and states and we have a third of cases in the nation," de Blasio said on Wednesday.
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FDA Says Zantac Should Be Pulled From Market, Citing Cancer Risk

FDA Says Zantac Should Be Pulled From Market, Citing Cancer Risk

Major pharmacies had already pulled the popular heartburn drug and its generic equivalents due to a contaminant. Now the Food and Drug Administration says definitively they... Read more ...

Small business loans could become target of fraud and a government watchdog...

Small business loans could become target of fraud and a government watchdog is already trying to stop it

The Inspector General's office released guidelines for consumers warning of ways the new loan program could be targeted for fraud. Read more ...

President Trump Offers Drowning Restaurant Industry One Solution: Tax Deductions

President Trump Offers Drowning Restaurant Industry One Solution: Tax Deductions

The restaurant industry has been scrambling for solutions to save itself during the coronavirus pandemic. President Trump has floated the idea of changing a provision in the... Read more ...

FDA Requests Heartburn Drug Zantac To Be Pulled From Market Immediately

FDA Requests Heartburn Drug Zantac To Be Pulled From Market Immediately

The US Food and Drug Administration is requesting that manufacturers pull all prescription and over-the-counter ranitidine drugs, known by the brand name Zantac, from the... Read more ...

Royal Caribbean's CEO won't be paid until September and other executives are...

Royal Caribbean's CEO won't be paid until September and other executives are taking 25% pay cuts as the coronavirus ravages the cruise industry

Royal Caribbean said Wednesday that its CEO would forego his salary until September in the wake of the coronavirus. Other executives are taking a 25% pay cut as the pandemic... Read more ...

DOJ's Antitrust Division gets a coronavirus-themed April Fools prank

DOJ's Antitrust Division gets a coronavirus-themed April Fools prank

In dark times, a moment of jocularity came on Wednesday for the Justice Department's Antitrust Division. William Rinner, counsel to Assistant Attorney General Makan Delrahim... Read more ...

The US government reportedly asked the military for 100,000 body bags

The US government reportedly asked the military for 100,000 body bags

The US government's primary disaster response agency is asking the Defense Department for 100,000 body bags, according to a Bloomberg report. The Federal Emergency Management... Read more ...

Answering Your Coronavirus Questions: Face Masks, Pregnancy And The 2020 Census

Answering Your Coronavirus Questions: Face Masks, Pregnancy And The 2020 Census

On this broadcast of The National Conversation, we answer your questions about the economy, face masks, pregnancy during the pandemic and the U.S. Census. (Image credit: Mandel... Read more ...

Small business owners can apply for $10,000 cash advance grant through loan...

Small business owners can apply for $10,000 cash advance grant through loan program

The SBA's Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small... Read more ...

The White House projects that shutting down the US to stop the coronavirus...

The White House projects that shutting down the US to stop the coronavirus could save 2 million lives

As many as 2.2 million people in the US are predicted to die from COVID-19 if the disease is not mitigated, according to an analysis that the White House is using to guide its... Read more ...