Americans are draining their checking accounts as stimulus talks drag (SPY +0.1%). Low oil prices force Saudi Arabia to cut 2021 budget plan.
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North and South American markets are mixed today. The IPC is up 0.70% while the S&P 500 gains 0.17%. The Bovespa is off 0.37%.
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Low Oil Prices Force Saudi Arabia To Cut 2021 Budget Plan Saudi Arabia reduced its budget plan for 2021 by 7 percent from this years in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Reuters reported that Riyadh will spend some $264 billion next year, or 990 billion riyals, as it battles a substantial deficit resulting from the latest oil price collapse. Earlier this year, the Kingdom was forced by oil market circumstances to implement some unpopular austerity measures, including a triple increase in value-added tax and the cancellation of so-c
Joel Osteen s Church Received $4 4 Million In PPP Stimulus Payments zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
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Osteen s 16,800 seat church is housed in a sprawling 606,000 sq/ft complex that serves as a vehicle for Osteen s prosperity gospel, a message that financial well-being and health comes from your adherence to scripture and your donations to religious causes, in this case, Joel Osteen s wallet.
Joel Osteen’s Lakewood Church is among the large local congregations that received multi-million dollar loans as part of the federal government’s COVID-19 stimulus package.
Lakewood received a $4.4 million loan through the Paycheck Protection Program, a part of the federal CARES Act that provided loans to pay employee wages or for other basic operational costs such as utilities.
Joel Osteen denounced as grifting scumbag after his megachurch pockets millions in COVID-19 relief – Raw Story rawstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rawstory.com Daily Mail and Mail on Sunday newspapers.
Multimillionaire televangelist Joel Osteen’s Lakewood Church in Texas netted $4.4 million in bailouts through the federal COVID-19 relief program, records show.
The Houston megachurch, the largest in the nation with 52,000 weekly congregants, received the forgivable Paycheck Protection Program loan in late July, the Houston Business Journal reported Sunday.
The loan was the third-highest in the Houston area during all of July and August, the outlet noted, citing federal data.
Lakewood’s PPP check went to 368 full- and part-time employees, spokesman Donald Iloff told the Houston Business Journal.
Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen. (Joe Raedle/Getty Images).rtt