A company belonging to Kanye West Received millions in loans of a federal coronavirus stimulus package, raising questions about possible conflicts of interest, given the rapper's ties to the Trump administration.
On Monday, the US Small Business Administration data released over 40,000 companies that received loans of $ 150,000 (approximately £ 120,000) or more under the payroll protection program (PPP). As first reported by the Daily Beast, Yeezy LLC, a company based in Delaware but operated in California, received between $ 2 million and $ 5 million.
PPP loans are available to companies with fewer than 500 employees. They are canceled if companies spend money on eligible costs and retain employees during the coronavirus pandemic. Loans are reduced if a company cuts full-time employees or pays more than 25%. According to a CNBC survey, only a small fraction of the applications were successful.
US to leave WHO next year
Here are the most recent major developments:
- Tough President of Brazil Jair Bolsonaro tested positive for Covid-19. He said he started feeling ill on Sunday and is taking hydroxychloroquine, an antimalarial drug with unproven effectiveness against Covid-19.
- Israel's director of public health whothis amid an increase in new coronavirus cases, saying the country was in too much of a hurry to reopen its economy and was lost in dealing with the pandemic. Siegal Sadetzki, an epidemiologist, announced his resignation a day after Prime Minister Benjamin Netanyahu has lifted a series of restrictions, including the closing of bars, gyms and function rooms.
- More than 200,000 people in Europe died of coronavirus, according to an analysis by AFP news agency.
- Italy's health minister has proposed to "section" people who refuse hospital treatment for Covid-19 and have suspended flights from Bangladesh.
- The Australian city of Melbourne is expected to re-enter the Phase 3 blockade after a record increase in cases. Victorian state premier Daniel Andrews said "there is simply no alternative" to reinstate home stay restrictions in Australia's second largest city.
- A New Zealand deputy confessed to leaking private details of Covid-19 cases to reporters. Hamish Walker, an opposition politician from the national center-right party, said it was the source of a list of private information on 18 active cases in the country.
I am giving the blog now to Kevin Rawlinson, who will keep it updated.
Jair Bolsonaro ended his television ad that he had tested positive for coronavirus, taking off his mask in front of journalists to insist he was fine:
“Just look at my face. I'm fine, fine, thank God … Thanks to everyone who prays for me … and whoever criticizes me, without problems, keep criticizing as much as you want ", said the Brazilian president.
During the reality show-style announcement, Bolsonaro continued to insist that it was the right time for Brazil to reopen, despite the rapid death toll.
“Should we be concerned about the virus? Yes. But we also need to worry about unemployment, ”he said. “Life has to go on. Brazil must produce. The economy has to work. "
He also continued to minimize the risks of Covid-19: "What I can tell everyone is that this virus … it's almost like rain, it will hit you".