Protection program was set to expire the senate votes to extend it. Today in the bays alex barr and what congress is going to do now. Reporter laura, this was a bit of a surprise that this extension was agreed to last night since theres not often a lot of bipartisan agreement in washington these days. This is one of these issues important enough. Lets be clear whats being extended is the deadline to apply. So now that deadline will be extended until august 8th. So that allows any Small Businesses with fewer than 500 employees that have not yet asked for this aid to jump in and request it. Whats kind of interesting is theres still 130 billion left in the pot to be distributed to Small Businesses. Thats a little surprising because early on this money was just flying out of the coffers and congress had to pass another installment to reinstate the money there. Theres question why theres so much left on the table. Some Small Business owners say they need help and need more help than what th
Second and third quarters of 2020. As an economist what does that mean to you . Guest this is a really serious moment we are in. We know the pandemic is serious and we know what people are going through and the overall economy is incredibly serious. These numbers are going to be huge declines in overall growth. Importantly, in employment, and the big question is, how quickly will be returned to normal . Something important to point out about the question. The pandemic was not something that was planned or anticipated in a moment where it came along. The recession is actually something that was basically part of a policy response. We had to say, in order to keep people from getting infected with a virus, we are basically going to shut down the economy, stop consumption in many ways, and that explains these massive numbers but it doesnt make it any less painful, and there is both real hardship that is going on on an individual level, and will questions about how we about how quickly we w
Second. All in favor. Aye. The motion to not to disclose what we discussed in executive session. Second. All in favor. Aye. Onto item 6, pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god indivisible, with liberty and justice for all. Item 7 aannouncements. Please be advised the use of cell phones, and pagers and other sound producing electronics are prohibited during the use of this meeting. Please be aware members of the public have up to three minutes to make a Public Comment on each item of the agenda unless otherwise stated. Onto item 8 Public Comment on items not on the agenda today. Is there any Public Comment on items not listed on the agenda . Seeing none, Public Comment is closed. Thank you. Item 9a, executive directors report. Good afternoon members of the public and port staff, im elaine, the ports executive director. The first item is i wanted to report on fleet week, which wa
Second. All in favor. Aye. The motion to not to disclose what we discussed in executive session. Second. All in favor. Aye. Onto item 6, pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god indivisible, with liberty and justice for all. Item 7 aannouncements. Please be advised the use of cell phones, and pagers and other sound producing electronics are prohibited during the use of this meeting. Please be aware members of the public have up to three minutes to make a Public Comment on each item of the agenda unless otherwise stated. Onto item 8 Public Comment on items not on the agenda today. Is there any Public Comment on items not listed on the agenda . Seeing none, Public Comment is closed. Thank you. Item 9a, executive directors report. Good afternoon members of the public and port staff, im elaine, the ports executive director. The first item is i wanted to report on fleet week, which wa
Second. All in favor. Aye. The motion to not to disclose what we discussed in executive session. Second. All in favor. Aye. Onto item 6, pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god indivisible, with liberty and justice for all. Item 7 aannouncements. Please be advised the use of cell phones, and pagers and other sound producing electronics are prohibited during the use of this meeting. Please be aware members of the public have up to three minutes to make a Public Comment on each item of the agenda unless otherwise stated. Onto item 8 Public Comment on items not on the agenda today. Is there any Public Comment on items not listed on the agenda . Seeing none, Public Comment is closed. Thank you. Item 9a, executive directors report. Good afternoon members of the public and port staff, im elaine, the ports executive director. The first item is i wanted to report on fleet week, which wa