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The Latest Breaking News from PPP

PPP firms gave selves loans, bought Porsche, $8M home, says report on COVID loan fraud

WASHINGTON — Some of the most prolific online lenders in the federal Paycheck Protection Program had remarkably lax fraud protection controls even as they approved billions of dollars worth of loans in the COVID-19 small business relief program.

McClatchy Washington Bureau

House panel says lax screening helped facilitate PPP fraud

A House investigations panel says financial technology firms “abdicated” their responsibility to screen out fraud in applications for a federal program designed to help small businesses stay open and keep workers employed during the pandemic

The Independent UK

All you need to know as tolls on Irish motorways are set to jump to 'maximum' allowed

The only route that will not be affected by these price changes is The Dublin Port Tunnel

Irish Mirror

From analysis to the latest developments in health,
read the most diverse news in one place.

Making a comedy out of the world's crisis - The Prognostications of Mikey Noyce

A PLAY, a Pie and a Pint (PPP) – the acclaimed lunchtime theatre at the Oran Mor venue in the West End of Glasgow – has been on something of a…

The National (Scotland)

Patricia Murphy: The debate Herschel Walker needed

Herschel Walker went into Friday night’s debate against U.S. Sen. Raphael Warnock with one job — to convince the Republicans still undecided about him that he is capable of the basics of the job of being a U.S. senator.

Tribune News Service

Millions of PPP Loans Were Flagged as Potentially Fraudulent. Many Were Never Investigated.

A new report takes an illustrative look inside the Small Business Administration, which was clearly overwhelmed by the obligation to push unprecedented piles of money out the door quickly.

Reason

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

McClatchy Washington Bureau

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The Ukrainian play caught in lunchtime limbo

EVER since it was founded by the late, great David MacLennan back in 2004, the lunchtime theatre A Play, A Pie And A Pint (PPP) has been…

The National (Scotland)

Police: Inmates got out of Illinois jail with pandemic loans

More than two dozen people have been charged in Illinois with fraudulently obtaining pandemic relief money, with authorities alleging some of them were behind bars when they used their relief money to post bond and free themselves from jail

The Independent UK

‘My children saved my life’: the terrifying toll of a political scandal in South Korea

Exclusive: Dongyoun Cho, who resigned from politics after a storm over painful details from her private life, speaks out about sexism, suicide and social change

The Guardian - AU

Michael Hiltzik: GOP ratchets up the hypocrisy in opposing Biden's student debt plan

The hypocrisy meter has been stuck at the high end as Republicans and conservatives fill the airwaves and social media to decry President Joe Biden's student loan forgiveness proposal.

Los Angeles Times

Editorial: Not very PPProgressive: Lessons learned from PPP loans that went mostly to the rich

As the pandemic forced widespread closures in 2020, federal policymakers were staring down a torrent of job losses. Millions of workers were being laid off from businesses large and small, and millions more would lose their jobs with every passing week, causing indelible long-term damage to their financial picture and…

Tribune News Service

Greene tells Biden to "go to hell"

Greene lashed out after the reveal from the White House that she had $183,504 in PPP loans forgiven

Salon

PPP co-author Marco Rubio fires back at White House Twitter drag

Marco Rubio isn’t taking White House criticism lying down.

Tribune News Service

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The Guardian - US

‘This you?’: the seven letters exposing rightwing hypocrisy on student debt relief

As Biden eases student loan debt for millions, a simple phrase is puncturing criticism from conservatives like Marjorie Taylor Greene

Axios

White House claps back at MTG and other GOP lawmakers calling student loan plan unfair

"Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven," the White House tweeted.

Salon

White House dunks on GOP's PPP loans

Conservative complaints about student loan relief are being met with reminders of prior PPP loan forgiveness

The Independent UK

White House trolls Marjorie Taylor Greene for student loan criticism: ‘She had $183k in PPP loans repaid’

White House called out multiple GOP leaders for criticising student debt plan after taking government loan forgiveness during pandemic

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Reuters

Oil money is flooding into Guyana. Who will benefit?

Ever since Exxon Mobil found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries.

Salon

GOPer cashes in on COVID aid she trashed

Monica De La Cruz runs on a campaign against runaway spending and “socialist” policies

The Texas Tribune

Congressional candidate Monica De La Cruz disparaged COVID-19 aid despite taking thousands of dollars for her businesses

Monica De La Cruz runs on a campaign against runaway spending and “socialist” policies, blasting Democratic measures to expand federal assistance amid the pandemic.

Birmingham Post

Family-owned building giant wins £175m contract spanning 17 years

Seddon Construction is headquartered in Bolton and was founded 125 years ago

The Independent UK

Keep national insurance rise to boost social care wages, say Tory MPs

Social care workers can be paid less than dog walkers in some areas and need to be more highly regarded, a report says.

McClatchy Washington Bureau

PPP program was awash in fraud. Now, one lender may finally face a legal reckoning

The Paycheck Protection Program was one of the signature federal economic relief measures in the early days of the COVID-19 pandemic, providing small businesses loans of up to $10 million that were forgivable if used for payroll and other approved expenses.

Reuters

Scandals plague South Korean president Yoon's nominees despite vow to clean up politics

Scandal has cost South Korean President Yoon Suk-yeol two nominees for a single ministerial position, a first in the country's history and a new setback for a leader facing plunging poll numbers.

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