Tag: trump administration
Trump’s hype for state lockdown protests puts Twitter and Facebook’s new COVID-19 policies to the test
A new flurry of tweets from President Trump is pushing the limits of social platform policies designed explicitly to keep users safe from the spread of the novel coronavirus, both online and off. In a series of rapid-fire messages on Friday morning, Trump issued a call to “LIBERATE” Virginia, Minnesota,…
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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus
Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during the COVID-19 epidemic, but most venture-backed companies are still not covered. Late Friday night, the Treasury Department updated its rules…
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White House says it is ordering more companies to make ventilators
With national the stockpile’s inventory of life-saving healthcare equipment getting dangerously close to zero, President Trump on Thursday signaled that he will leverage a key national security provision to order additional companies to produce ventilators. Trump’s reluctance to employ the law known as the Defense Production Act (DPA) has puzzled…
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Goldman Sachs predicts brutal second quarter as unemployment spikes above 2 million
Even as the Trump Administration calls for states to not release unemployment data for the month of March, Goldman Sachs on Thursday issued its own predictions on the jobs market and the broader health of the U.S. economy on Friday. The financial services giant is predicting unemployment claims to spike…
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US slashes federal interest rates in response to the coronavirus pandemic
The Trump administration has slashed federal interest rates as part of an effort to stabilize the economy following a rocky week on the financial markets. The U.S. Federal Reserve cut interest rates to near-zero, the second time that the central bank has cut interest rates in as many weeks. The…
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UK is advising against all travel to the US amid the coronavirus pandemic
The U.K. government is advising citizens and residents against all travel to the U.S. in response to the coronavirus pandemic. In a brief statement, the U.K. Foreign Office said it is “advising against all but essential travel to the USA,” a day after the U.S. government expanded its list of…
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