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As small businesses race to submit SBA loan applications, small banks are struggling too
fortune.com

Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. The rollout of the Small Business Administration’s Paycheck Protection Program has been chaotic already, and some regional and community banks are concerned about running short on money. The SBA package currently totals […]

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What to watch (and skip) via VOD and Netflix this weekend
fortune.com

Stay home. As COVID-19 spreads, that’s the advice stressed by epidemiologists racing to combat the virus, who have implored Americans to avoid all nonessential travel and limit all person-to-person interactions. “Social distancing,” it seems, is our new normal—at least for now. Though it can be challenging to look for silver linings in times as tumultuous […]

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The Coronavirus Economy: Stand-up comedy without a live audience
fortune.com

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus and its impact on global business. You could say that conversation is key for George Chen. The Los Angeles-via-Oakland comic is a jack of all trades who currently works in podcast content operations at streaming service Pandora, co-hosts a podcast of […]

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NBA players urge colleagues to get financially educated during coronvirus work stoppage
www.cnbc.com

Pro athletes are expected to endure financial losses as the sports industry remains paused due to the coronavirus pandemic.

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New Jersey governor slashes all train, bus and light rail transit by 50%
www.cnbc.com

New Jersey Gov. Phil Murphy on Saturday announced an executive order to cut capacity on all transit systems by half, and asked all passengers to wear face coverings.

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The Fed is on 'wartime' footing and still may be asked to do more
www.cnbc.com

The moves go beyond anything the Fed during the financial crisis in 2008-09, both in scope and speed.

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Every US state is now under a major disaster declaration amid coronavirus pandemic
www.cnbc.com

President Donald Trump approved a disaster declaration for Wyoming on Saturday, which comes 22 days after the first disaster declaration in New York, the epicenter of the coronavirus.

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Flight attendant union furious with Treasury bailout offers
www.cnbc.com

Less than 24 hours after the Treasury Department formally extended cash grant offers to the six largest airlines in the U.S., the union representing 120,000 flight attendants is blasting the move with a dire warning.

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View: COVID-19 crisis presents a 100-year chance to shake up debt and taxes
economictimes.indiatimes.com

Corporate rescue this time may also involve a rewriting of accounting rules to encourage deleveraging, so that bailouts are needed less often and are less costly. Industrial losses may need to be socialized en masse to get displaced workers back on the job and prevent the global economy from spiraling into depression.

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