Advice on Corona and Budget 2020 by Rudolf Hickel, Christine Resch and Georg Feigl

Emancipatory politics is characterized by the fact that interests are negotiated. The post-Corona phase will show what can be learned about the relation between politics and capital. Civil society should be engaged and resistant to ruling politics.

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1 Response to Advice on Corona and Budget 2020 by Rudolf Hickel, Christine Resch and Georg Feigl

  1. Marc says:

    Dozens of tenants in buildings owned or managed by Trump received funds. More than 20 companies registered at 40 Wall Street, an office building Trump has owned since the mid-1990s, have also reportedly received government loans of at least $20 million. Among the recipients were law firms, financial services companies and non-profit organizations.

    USA: Large corona aid for “small” companies

    by Bulgan Molor-Erdene

    Some companies get millions, others only a dollar. Trump’s network also benefits

    [This article published on 7/14/2020 is translated from the German on the Internet,

    The Paycheck Protection Program (PPP) is a loan program under the US government’s two trillion dollar Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The program provides loans to companies with 500 or fewer employees that do not have to be repaid under certain conditions. It is aimed at businesses, the self-employed, small businesses, non-profit organizations and tribal businesses and is designed to help them continue to pay their employees. Overall, it is one of the largest economic stimulus packages in the world.

    A number of provisions are designed to ensure that the money provides the incentive to safeguard jobs. If companies maintain their employment and remuneration levels from the time before the Covid 19 pandemic, loans do not have to be repaid. Similarly, loans will be completely waived if the previous number of employees is reinstated through reinstatement. This is one of the most important measures in the CARES package, given the millions who have lost their jobs and are looking for work again. It is funded by taxpayers’ money. So far, some 4.9 million loans have been granted, with an average of $107,000.

    Last week, the Small Business Administration and the US Treasury Department published a list of the recipients of 660,000 PPP loans with a total volume of over 600 billion US dollars. The list contains only those companies and non-profit organizations that have received at least $150,000 in grants. That is less than 15 percent of the total number of those who have received a loan at all. The list, which the Washington Post has compiled into a searchable database, also includes some of the law firms and organizations associated with Donald Trump:

    The law firm of Kasowitz Benson Torres, founded and run by Trump’s longtime personal lawyer, Marc E. Kasowitz, received a loan between $5 and 10 million. Kasowitz and his firm represented Trump during the Mueller investigations. Trump has entrusted the company, which has annual sales of over $250 million, with the firm for decades.

    The New York law firm of draftsman Ellman & Krause, whose partner is Trump’s impeachment attorney Robert Ray, received a PPP loan of between $1 and $2 million.
    Harder LLP, Trump’s law firm for lawsuits against media companies and book publishers, received a loan between $150,000 and $350,000…

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