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General News    H3'ed 12/7/20

More than Half the Funds in CARES PPP Went to 5% of Recipients, by Diane Ravitch

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'More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5 percent of the recipients. Stephen Mnuchin kept much of the information secret but had to release the full list of recipients in response to media Freedom of Information Act suits. Religious organizations received billions in PPP aid. One of the largest grants went to Joyce Meyer’s Ministry in Fenton, Missouri, which received between $7-10 million. Many companies were reported to have “retained” far more workers than they employ. Likewise, in some cases the agency’s jobs claim for entire industries surpassed the total number of workers in those sectors. For more than 875,000 borrowers, the data showed that zero jobs were supported or no information is listed at all, according to the analysis.'

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At dianeravitch.net

 

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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