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5 things we hope credit unions keep doing in the new normal
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Why Shouldn t the People Own the Banks?
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A Worker-Owned Cooperative Tries to Compete With Uber and Lyft
About 2,500 drivers in New York are organizing to create what they say is a better deal for drivers than what the ride-hailing giants offer.
Members of the Drivers Cooperative in Queens. The group intends to take a smaller commission than Uber or Lyft and charge riders a lower fare.Credit.Adam Whyte for The New York Times
May 28, 2021Updated 2:35 p.m. ET
For years, Uber and other ride-hailing companies offered the promise of entrepreneurship to drivers. Drivers who were eager to set their own schedules signed up in droves, propelling the gig economy into a multibillion-dollar industry.
PPP pandemic relief for small businesses is beset by confusion and dashed hopes Don Lee © Provided by The LA Times Tiny businesses like those at the Paramount Swap Meet have struggled to survive over the past year. (Kent Nishimura / Los Angeles Times)
The federal government’s massive Payroll Protection Program, which has been a lifeline for small businesses hit by the pandemic, has become so mired in confusion and delays as money runs out that hundreds of thousands of applicants may get no help, especially in underserved minority communities.
During the first months after President Biden took office, his administration far exceeded its predecessor in channeling funds to vulnerable companies. But in recent weeks, as the program s May 31 expiration date draws near, the agency responsible for it has been overwhelmed, and lenders can’t even be sure how much money is still available for loans.
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