Re:65k fake students enrolled in the California junior colle...
by kurupt213 on Sunday May 08, 2022 @03:02PM
(#31307081)
Sure, but it didn’t have to be the most wasteful implementation possible.
Re:65k fake students enrolled in the California junior colle...
by mistrial9 on Sunday May 08, 2022 @02:26PM
(#31306679)
thank you for taking the time to add this -- in the first six months of covid-19, there were some US gov'ies that took the small business story very seriously, and conducted direct, public surveys and published those numbers. The trends now, two years later, are still hidden from even intelligent people here at YNews, since the mainstream news won't print stories that refer to it, for fear of causing panics(?); and that ridiculous, cynical number called unemployment just floats along in the news every day.
I have done some initial quantitative analysis on the raw survey responses, but not gone further, since you know, daily troubles. The small business situation is deeply changed in the last two years, and this is not over at all.
Perhaps its because I work on the backend side of businesses (specifically the tax part) and so I actually get to see the financial numbers, but I am aware of over ten thousand jobs in SoCal alone that were saved by the PPP bailout.
It's disturbing to see the vaguely sociopath comments on this thread by tech workers who were largely unaffected by COVID complaining about "interfering" with the markets and about "bailouts."
A lot of businesses were hit hard by COVID. For tens of thousands of businesses, the COVID PPP loans were the only source of revenue they had at a time when government restrictions (i.e., the lockdowns) were inhibiting their sources of revenue. (And guys, we were in a pandemic that killed millions worldwide. Even after the lockdowns ended, many people were scared to go out for months.)
And even with the PPP loans, many small businesses didn't survive the lockdowns. Margins are low in many industries. Not everything is tech where you can bumble along without profits or purpose for a decade surviving on fat VC money.