Page 48 - Through August News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In June of 2020, Miller Canfield reported that the Fifth Circuit held that a Texas bankruptcy court had exceeded its authority when it ordered the SBA Administrator to make a Paycheck Protection Program (PPP) loan available to a debtor in bankruptcy. We added at the time that "whether other circuits follow the Fifth's lead remains to be seen."  Now, the Eleventh Circuit has agreed with the Fifth, issuing a comprehensive opinion to explain its reasoning. The PPP was a central component of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Through August 2020, the PPP allowed...

Advertisement Eleventh Circuit Joins Fifth in Holding that the SBA May Deny Paycheck Protection Program Loans to Debtors in Bankruptcy Wednesday, December 23, 2020 In June of 2020,  Miller Canfield reported that the Fifth Circuit held that a Texas bankruptcy court had exceeded its authority when it ordered the SBA Administrator to make a Paycheck Protection Program (PPP) loan available to a debtor in bankruptcy. We added at the time that "whether other circuits follow the Fifth's lead remains to be seen."  Now, the Eleventh Circuit has agreed with the Fifth, issuing a comprehensi...

“Heading into 2021, consumers do not foresee the economy nor the labor market gaining strength,” said Lynn Franco, senior director of Economic Indicators for the Conference Board. “In addition, the resurgence of COVID-19 is further increasing uncertainty and exacerbating concerns about the outlook.” Federal Reserve Chairman Jerome Powell said the crisis is hurting “small businesses all over the country that have been basically unable to really function. “They’re just hanging on, and they’re so critical to our economy,” Mr. Powell said on Wednesday. “Now that we can see the...

“Heading into 2021, consumers do not foresee the economy nor the labor market gaining strength,” said Lynn Franco, senior director of Economic Indicators for the Conference Board. “In addition, the resurgence of COVID-19 is further increasing uncertainty and exacerbating concerns about the outlook.” Federal Reserve Chairman Jerome Powell said the crisis is hurting “small businesses all over the country that have been basically unable to really function. “They’re just hanging on, and they’re so critical to our economy,” Mr. Powell said on Wednesday. “Now that we can see the...

In keeping with my recent theme of exploring Minnesota through this column, I begin with, yes, my visit to the State Fair on Labor Day weekend. Oceans of people, thousands of things to look at, a dozen foods I enjoyed too much, and an evening grandstand show featuring golden oldies Loverboy, Pat Benatar, and Journey. It was a bit of a time warp: 30 years earlier, I saw Loverboy open for Journey at the old Met Center, and I later watched Benatar become one of the earliest, most frequently played artists on a new network called MTV. At the fair this September, they performed well, and Benatar s...