Over the past several months, this committee has held numerous hearings on the ppp and heard from borrowers and challenges theyve faced in accessing the program. Ive travelled through the districts to speak with Business Owners about how they faired through the pandemic. And ive heard some of the successes and challenges they face with the ppp. And uncertainty about what the future holds. From borrower who is eventually access the loan, the Committee Heard concerns about complicated and conflicting Program Rules and other requirements associated with loan forgiveness. Lenders also expressed a great deal of frustration over the needlessly complicated rules and reported feeling unable to adequately help their borrowers through the forgiveness process. Through it all, borrowers simply wanted to ensure they were using loan for proceeding consistent with the law so they could qualify for full loan forgiveness and effectively convert the loan into a grant which was the congressional intent i
202140 upon competition. Tips and more information on how to get started at a website, student cam. Org. The house Small Business subcommittee held a hearing on the Paycheck Protection Program also known as ppe. Small Business Owners testified about their experiences applying for ppe loan forgiveness. An excellent how this process could be confusing. We are meeting today to conduct an important hearing onl the Small Business administration Paycheck Protection Program or ppe. Specifically, a review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. In the pastovas several months s committee has held numerous hearings on ppe. We have heard from borrowers and lenders about the challenges they face. Ive also traveled across counties in new jersey to speak with Business Owners about how e they fared during this pandem. And for some of them discuss the challenges they face with the ppe. In uncertainty about the futureo holds. Borrowers to even
Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from
In santa rosa, some pockets around these areas actually seeing visibility below a mile look what happens especially after 10 00am fog starts to really burn off and then we have sunshine hazy sunshine will be up for the rest of the day. 50s and 60s for your current temperatures with san mateo and alameda each at 58 degrees right now conquered in pittsburgh at 5759. I mean San Francisco youre the 57 currently later today, daytime highs in the 90s for just a few spots 70s for bayside cities and 80s for areas like conquered livermore and san jose. Thats your forecast time for traffic with robin. Thank you john what a difference just one 15 or 20 minutes makes of the backup at the bay bridge toll plaza. Its pretty heavy now we went from slowing that spilled out to west grand to now a backup. Thats all the way through the bottom of the maze in fact its spilling over to the 5. 80 west connector. That brings you over to 80 west and up to the bay bridge toll plaza so it is packed not only here.
Details on that coming up in just bit all right well, it certainly has a lot of fog out there on your way if youre driving yeah the month change skies, but the weather has not were keeping the fog and the haze around you can see the low lying cloud cover above timber on good news about the fog as of right now is thats lifted over most of the bay area itself so aside from some spotty visibility issues, especially in hilly hillsides. We are actually seeing you driving under the fog on our bridges just looking up that the gray that has been persistently overhead through the morning. Temperatures right now are in the 50s and 60s we actually have a much more comfortable afternoon ahead of us than what we had yesterday with slightly cooler temperatures. But of course as we are still talking pockets of haze in this forecast want to moderate your time outside as much as possible. Daytime highs will be in the 60s and 70s near the bay and the coast with the 80s and 90s remaining for inland areas