TBC Weekly Newsletter September 7, 2020

PPP Corruption

https://www.forbes.com/sites/kellyphillipserb/2020/09/03/report-alleges-more-than-1-billion-in-bad-ppp-loans-as-feds-make-another-arrest/#5d0430da783a 

A new report alleges more than $1 billion in Paycheck Protection Program fraud.

Long Term Effects for Children Affected by COVID-19

https://medicalxpress.com/news/2020-09-post-covid-syndrome-severely-children-hearts.amp

Multisystem inflammatory syndrome in children (MIS-C), believed to be linked to COVID-19, damages the heart to such an extent that some children will need lifelong monitoring and interventions.

The Childcare Crisis

https://www.axios.com/newsletters/axios-atwork-e537fe6d-26de-431c-9244-224e3d4f6aab.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosatwork&stream=business

The Childcare industry is in crisis. An estimated 50% of daycares will go out of business without further financial help.

Rising Cases

https://www.reuters.com/article/us-health-coronavirus-usa/coronavirus-rising-in-22-u-s-states-idUSKBN25X0TD

Coronavirus is rising in 22 states, mostly in the Midwest and South.  Three weeks ago, only 3 states had rising case levels.

Unemployment Assistance No Longer Covers Cost of Living

https://www.businessinsider.com/unemployment-benefits-boost-half-americans-couldnt-cover-expenses-august-survey-2020-9 

Half of unemployed Americans couldn’t cover basic expenses with their unemployment money in August. 

August Job Numbers Disappoint 

https://www.foxbusiness.com/economy/adp-august-employment-report-2020

The August July report falls short of expectations, signaling a slow recovery ahead.