One government agency is committed to collecting new data about foreclosure sale outcomes during the current lull in activity. The industry hopes it won’t lead to developments that bog down work later.
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
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Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.
Hurting long before COVID-19, failing companies took stimulus money then closed anyway Josh Salman, USA TODAY
Replay Video UP NEXT
Stein Mart Inc. was desperate for shoppers long before COVID-19 forced closures at its discount department stores, scattered mostly throughout the Southeast.
During the past several years, the Florida retailer had hemorrhaged tens of millions of dollars, while searching for a corporate buyer. Like many struggling businesses, the company in June turned to the federal government’s Paycheck Protection Program, or PPP, as a possible savior. The $10-million loan didn’t last long.
Within two months, Stein Mart filed for Chapter 11 bankruptcy protection, citing more than $500 million in liabilities. The company closed all 280 stores and 9,000 workers lost their jobs.
FEMA has a number of direct housing or rental assistance programs that it can activate to meet the housing needs of disaster survivors.To determine which program or programs to activate, FEMA considers factors such as cost-effectiveness which can help it provide the most assistance with available resources. But FEMA doesn t have enough information on program cost-effectiveness because it doesn t collect data in a way that allows it to analyze the full costs of providing assistance.To better inform its decisions, we recommended that FEMA specify what cost data to collect and change its data system to add more cost information for each program.Temporary Housing Provided to Survivors of Hurricane MichaelThe Federal Emergency Management Agency (FEMA) relied primarily on rental assistance payments to assist 2017 and 2018 hurricane survivors but also used direct housing programs to address housing needs, as shown in the table below.
Cash flow, Moshiriâs capital injections & the potential placement of new shares
What factors influence cash flow, how do clubs deal with negative cash flow and what is the situation at Everton under Farhad Moshiri, particularly in view of the mooted issue of new shares?
Jack Welch, the former CEO and Chairman of General Electric (GE), had a favourite saying. âIf I had to run a company on three measures, they would be customer satisfaction, employee satisfaction and cash flow. Cash flow is the pulse, the vital sign of the company.â
If cash flow is so important, then what is it?