Author Archive
Lydia DePillis
Finance
They Promised Quick and Easy PPP Loans. Often, They Only Delivered Hassle and Heartache
More than a million government-approved loans ended up being canceled, including some that would have gone to people who needed the loans and applied just as they were told.
Finance
The Government Gave Free PPP Money to Public Companies Despite Warning Them Not to Apply
At least 120 publicly traded companies that received large PPP loans grew their revenues last year and have been allowed to keep the money anyway, according to a ProPublica analysis. The program was built to help small businesses.
Management
The Government Is Here to Help Small Businesses — Unless They’re Cooperatives
The Small Business Administration’s rules prevent it from helping most employee- and consumer-owned cooperatives, even though Congress specifically asked it to. The result? Co-ops are largely cut out of the mainstream financial system.
Management
Hundreds of PPP Loans Went to Fake Farms in Absurd Places
An online lending platform called Kabbage sent 378 pandemic loans worth $7 million to fake companies (mostly farms) with names like “Deely Nuts” and “Beefy King.”
Management
The Federal Government Will Now Give PPP Loans to Borrowers in Bankruptcy
Thousands of companies working their way out of bankruptcy are now eligible for the Paycheck Protection Program after ProPublica reported that the Small Business Administration had been excluding them.
Finance
How a Federal Agency Excluded Thousands of Viable Businesses From Pandemic Relief
The Small Business Administration refuses to give pandemic relief loans to people who have filed for bankruptcy, even if their businesses can survive.
Finance
How the Pandemic Economy Could Wipe Out a Generation of Black-Owned Businesses
Danette Wilder spent years building up her company. Now it has to survive an existential threat to Black entrepreneurs.
Management
Capitol Rioters Planned for Weeks in Plain Sight. The Police Weren’t Ready.
Insurrectionists made no effort to hide their intentions, but law enforcement protecting Congress was caught flat-footed.
Finance
The Trump Administration Says a New Bailout Program Will Help 35 Million Americans. It Probably Won’t.
Experts from across the political spectrum fear that the Federal Reserve’s new Main Street Lending program won’t reach enough businesses or save enough jobs.
Featured eBooks
