Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
Die after spending months adrift on a boat. Battling poverty and decades of repression we look at how one Indigenous Community in canada is no working to prevent the fire spreading. And on santa hamas has support around the world continues to take a big financial hit u. S. Soccer federation asked me no 4th deployment of the knows its Youth Development academy having a World Champion at womens team. The covered 1000. 00 pandemic has left no country touched and its having widespread ramifications not just in health but in politics and diplomacy to china which was the initial epicenter of the outbreak has once again strongly. Decides the u. S. President s decision to cut funding to the World Health Organization state media is calling it a move against humanity that affects every country by the International Monetary fund says the crisis will cause asias economy to stall at 0 percent for the 1st time in 16 years it says the outbreak has taken an unprecedented toll on the region trump donal
Or the lack of it remains a critical issue in the u. K. And in nigeria more people have been killed by Security Officials and forcing a covert 19 locked down that have died from the virus also. Already living in miserable conditions now the pandemics causing more problems for yemenis displaced by war also becoming a mass that were talking about is that theres a whole me. And we get advice from a doctor on how to stitch together your own protection during this pandemic. The weather so on the news we begin in the United States where another 5200000 people have lost their jobs in the past week and that means at least 22000000 have been made jobless and acclaiming in less than a month as a result of the coronavirus pandemic in a few hours time President Donald Trump is expected to release guidelines on how and when to reopen some u. S. States but in the meantime hourly workers are especially worried about how theyll pay the bills natasha has more from chicago. If there was ever a boom time
A mess that were talking about is that theres a whole made me ask we get advice from a doctor on how to stitch together your own protection from the virus. Also coming up hungry and exhausted hundreds of a rescued but all those starve to death on a refugee boat and on time the hummer sas or to around the world continues to take a big financial hit the u. S. Soccer federation has been forced to apparently close its use Development Academy by having a World Champion womens team. A Staggering Number of people are now out of work in the United States of result of the coronavirus pandemic in the past half hour the government surveilled another. 5200000. 00 have lost their jobs in a week that takes the total to at least 22000000. 00 in less than a month and with many states expected to extend orders to stay at home only workers are really worried about how theyre going to pay their bills the tesh accounting reports in chicago. If there was ever a boom time in this chicago neighborhood no one