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The Reddit-fueled trading phenomenon lifting GameStop, AMC, and other stocks is backed by populist sentiments.
Cries to dethrone the establishment and redistribute wealth resemble those seen at Occupy Wall Street protests in 2011.
The trend has all but certainly formed a bubble, but its political messaging can still live on.
The spirit of Occupy Wall Street is back. Only this time, it s coming from inside the stock exchange.
“It is completely unrealistic for anyone to think we can cut this kind of money,” said Mayor Justin Elicker. “Our city would not function.”
The pension payments continue to rise each year putting a strain on the budget. The city is researching their legal obligation to follow that $25 million suggested increase by the pension boards, and the impacts if they don’t fully meet the amount.
Elicker said he’s not considering bonds to cover those costs. The payments will have to come from somewhere in the city.
That will be tough, he said, because according to a chart shown during the meeting, two-thirds of the city’s budget are contracted items that have to be paid. They include the pension payments, employee salaries, insurance, and state-funded portions of the education budget.
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January 28, 2021 1:24 PM Robin Saks Frankel - Forbes Advisor
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January 30, 2021 7:26 AM
The Paycheck Protection Program (PPP) is back and now includes the option to apply for a second draw of funds. Now, any eligible business can apply for a PPP loan, whether it’s their first time applying for the small business relief program or they’re seeking another slice of financial support after receiving a first loan. The application deadline is March 31.
But just because more money is available, does that mean you should apply?
“As long as you qualify for the second draw and you’re still in business with employees and normal operating expenses, it is highly beneficial to you to take the money,” says Benjamin Johnston, chief operating officer of Kapitus, a provider of small business financing. The company, through partnerships with Cross River Bank and several others, helped hundreds of companies with the application process during th
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