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Help For Small Business Owners

For any small business owner that needs to apply for a loan their is some good news.  Secretary Mnuchin announced that the emergency small business funding mechanism will be administered through the Treasury FDIC system rather than the SBA.  The contact point for the...

Meet The New Boss – At The Fed

Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...

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Trump administration to federal prisons: Increase home confinement for inmates to slow coronavirus spread

News Roundup 3/27/20

News Roundup 3/27/20

US News A record 3.3 million Americans filed for unemployment this week.  The Department of Homeland Security is requesting an additional 1,500 soldiers to be deployed to the borders to prevent the spread of coronavirus. [Link] Trump signs a new law that calls for the...

COVID-19 Has Taken an Aircraft Carrier Out of Commission

Task and Purpose: The aircraft carrier USS Theodore Roosevelt will be pulling into Guam so that each of its nearly 5,000 sailors can be tested for COVID-19, the Navy announced on Thursday. The announcement comes days after Acting Navy Secretary Thomas Modly said three...

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