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Loan program is short-term fix, not cure-all, for businesses

A mannequin displays fashion masks for shoppers the buy at the Highland Park Village shopping center in Dallas. Many people consider the Paycheck Protection Program that promised nearly $670 billion in forgivable loans to help companies rehire laid-off workers to already be a success because millions of businesses have gotten the money. But owners and business groups have said loans weren’t getting to companies most in need and it wasn’t arriving fast enough. AP Photo by LM Otero

The Trump administration has dispensed about $530 billion to millions of small businesses to cushion them from the sharp downturn induced by the coronavirus. The question is: how effective will the Paycheck Protection Program be? Some small business owners say ...

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33 million have sought US unemployment aid since virus hit

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the ...

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Labor deal averts strike at dozens of Illinois nursing homes

Staff at dozens of Illinois nursing homes called off a strike set to begin Friday after the workers’ union reached a tentative deal with nursing home owners that union officials said would help safeguard both staff and residents during the ...

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