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Chris Steakhouse - 1 Trump - 1
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2 mentions found


☆ Fraudsters likely stole over $200 billion in Covid relief aid, watchdog says
  + stars: | 2023-06-28 | by ( Matt Egan Katie Lobosco | Matt Egan | Katie Lobosco | ) edition.cnn.com   time to read: +3 min
New York CNN —The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog. At least 17% of the $1.2 trillion distributed by the SBA was wasted in fraud, the report found. Most of the fraud apparently happened through the EIDL funds, with the inspector general estimating more than $136 billion of fraudulent activity in that program. While the program successfully helped many companies pay workers during the pandemic, it was plagued by questionable lending and rampant fraud. To date, the agency has recovered nearly $30 billion in funds, according to the report.
Persons: Chris Steakhouse, Trump Organizations: New, New York CNN, Small Business Administration, SBA, Washington, PPP, Los Angeles Lakers Locations: New York
☆ Big city restaurants and bars are missing office workers' spending on Mondays and Fridays
  + stars: | 2023-02-24 | by ( Noah Sheidlower | ) www.cnbc.com   time to read: +5 min
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. According to data collected from June to November, the per-person reduction in spending in New York City was $4,661, followed by $4,200 in Los Angeles and $4,051 in Washington, D.C. In-person work days declined the most, 37%, in Washington, compared with pre-pandemic levels, followed by Atlanta at 34.9% and Phoenix at 34.1%. The Bureau of Labor Statistics found in a study that increased remote work results in a reduction in foot traffic for urban centers. There was a reduction in remote work in January to about 27% from 29%, though he predicts remote work levels will not drop below 25% in the near future.
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