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Rep. Chu Raises Alarm About the Impending Shut Down of Critical Small Business Administration Loan Program

first_imgGovernment Rep. Chu Raises Alarm About the Impending Shut Down of Critical Small Business Administration Loan Program Published on Wednesday, July 22, 2015 | 2:02 pm More Cool Stuff Name (required)  Mail (required) (not be published)  Website  Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Today, Rep. Judy Chu (CA-27) spoke on the House floor to call attention to the looming shut down of the Small Business Administration’s (SBA) 7(a) loan program. The flagship program is designed to give small businesses access to capital through long-term loans in situations where capital cannot be found through conventional bank loans. Due to an increase in lending, SBA could reach the $18.75 billion legal lending limit for the 7(a) program as early as the end of July. Once this cap is reached, all 7(a) lending will be forced to come to a halt until the next fiscal year has begun.Rep. Chu stated, “I’m here to ring the alarm bell on the pending expiration of a very important program next week. It is the Small Business Administration’s flagship 7(a) loan program, which provides long-term loans to small business that are unable to secure financing through traditional channels. About 80% of small-business owners who apply for a non-SBA loan get rejected. It is SBA’s 7(a) that gets them the money they need to succeed.“In my district alone, more than $2 billion dollars in capital have been provided to small businesses since 1990. Not only does 7(a) lending directly support American jobs, it also operates at zero cost to taxpayers.“We cannot let this successful program lapse. At the current rate of lending, this program could be forced to shut down as soon as next week. I urge the Speaker to act on this critical issue before August recess and make sure that our small businesses thrive.”The full speech can also be found here. Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Top of the News Herbeauty10 Brutally Honest Reasons Why You’re Still SingleHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyThe Most Heartwarming Moments Between Father And DaughterHerbeautyHerbeautyHerbeauty12 Female Fashion Trends That Guys Can’t StandHerbeautyHerbeautyHerbeautyBaby Boom: The Stars Are Getting Busy In QuarantineHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautycenter_img Community News Your email address will not be published. Required fields are marked * Subscribe First Heatwave Expected Next Week Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 0 commentsShareShareTweetSharePin it Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimeslast_img read more

Health Ministry largest virus hotbed in Jakarta

first_imgRead also: Dozens of office infection clusters emerge as Indonesia seeks to revive economyAs the large-scale social restrictions (PSBB) being reimplemented in Jakarta starting Monday would not be as strict as the previous PSBB regime, Dicky said testing was a vital condition to curb transmission. “We are all carrying the virus unless proven otherwise. That should be people’s mindset at this point,” he said.Jakarta reinstated the PSBB amid rising cases and deaths ever since the city began to transition to the “new normal” in June. Most of the cases have occurred in offices, raising concerns about poor implementation of health protocols in workplaces across the city.Other government offices where clusters have emerged include the Communication and Information Ministry with 65 cases, the Defense Ministry with 64 cases, the Finance Ministry with 61 cases, the Youth and Sports Ministry with 43 cases, the Tourism and Creative Economy Ministry with 38 cases, the Law and Human Rights Ministry with 35 cases and the Education and Culture Ministry with 25 cases. Fifteen ministries have recorded fewer than 20 cases.Dicky said the Health Ministry should be a role model in the implementation of public health protocols to assure that the country could win the battle against the virus. “The ministry must evaluate the implementation of its health protocols. It must be ineffective since there are many confirmed cases among its employees,” he said.Read also: COVID-19 haunts industrial zones in IndonesiaResponding to the finding, the Health Ministry’s disease control and prevention director general Achmad Yurianto said the high number of infected staff members did not necessarily mean the ministry’s headquarters had become a cluster or the source of an outbreak.“If cases are recorded at the Health Ministry, does that mean we’re calling it a Health Ministry cluster?” he told the Post. “This is accumulative data since May. The ministry’s employees live in Greater Jakarta and commute every day”.He also said the ministry had been conducting routine tests for its employees. “Health Ministry employees undergo swab tests every month and those who test positive [for COVID-19] immediately go into isolation,” said Achmad.Administrative and Bureaucratic Reform Minister Tjahjo Kumolo asked the staffing officers (PPK) in all ministries, agencies and local administrations to monitor health protocol implementation among civil servants to curb rising cases at government offices.“The PPK must monitor as well as regularly report the effectiveness of such implementation and the working hours division for civil servants every week,” Tjahjo said.Topics : In what seems to be an irony in the country’s fight against the coronavirus, the Health Ministry office in Kuningan, South Jakarta, turns out to be the largest virus cluster in the capital, according to a record by local health officials.A data visualization by the Jakarta administration shows that the ministry had 252 confirmed cases as of Friday, more than any other cluster across the capital, including offices, traditional markets and places of worship.Other government offices are also recorded among those with the most cases, namely the Transportation Ministry (175), the Corruption Eradication Commission (106), the Food and Drug Monitoring Agency (89) and the Tanjung Priok Marine and Coast Guard Base Class I (88). A number of high-ranking government officials are among those infected with the virus. Jakarta secretary Saefullah died on Wednesday after testing positive for COVID-19 and being treated at hospital. General Elections Commission (KPU) chairman Arief Budiman, who is busy preparing the December regional elections, has also tested positive for the virus.Dicky Budiman, an Indonesian epidemiologist at Australia’s Griffith University, said the fact that there was a high number of cases in the Health Ministry was a sign of ineffective health protocols that leave room for transmission.“There is a false perception about health protocols. People think physical distancing, wearing a mask and washing hands is enough but it will be ineffective without routine screening every two weeks for people who travel outside or work at the office to ensure they don’t carry the virus around,” Dicky told The Jakarta Post on Friday.Masdalina Pane of the Indonesian Epidemiologists Association (PAEI) said an epidemiological investigation must be carried out to determine how transmission occurred among those infected in a cluster. She said transmission might occur at the office or other places such as public transportation.last_img read more

Arsenal midfielder Henrikh Mkhitaryan completes loan move to Roma

first_imgArsenal have loaned Henrikh Mkhitaryan to Roma until the end of the season (Picture: EPA)Henrikh Mkhitaryan has completed a season-long loan move from Arsenal to Roma, both clubs have confirmed.The 30-year-old midfielder came on as a second-half substitute in Arsenal’s 2-2 draw with Tottenham before flying to Italy’s capital the following morning to undergo a medical with the Serie A giants.Though the Premier League transfer window ended on August 8, before the start of the 2019/20 season, Serie A clubs have been able to do business up until their 5pm deadline on Monday afternoon.It’s understood Roma will be paying Mkhitaryan’s £200,000-a-week wages and have the option to buy the Armenian at any time during his stay at the Stadio Olimpico.ADVERTISEMENT Advertisement Skip Metro Sport ReporterMonday 2 Sep 2019 6:38 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link378Shares Top articles Read More 1 min. story Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling Read More Read More / Mkhitaryan has had an underwhelming 18-month spell at Arsenal (Picture: Getty)Mkhitaryan started just 19 league matches last term and has only managed nine goals in all competitions since his move from Manchester United in January 2018.His first-team opportunities were likely to be limited under Unai Emery following the arrivals of Dani Ceballos, Nicolas Pepe and Gabriel Martinelli this summer.MORE: Liverpool boss Jurgen Klopp won’t be speaking to Mohamed Salah after Sadio Mane outburst Read More PLAY Advertisement Video Settings by Metro Arsenal midfielder Henrikh Mkhitaryan completes loan move to Roma SPONSORED Full Screen Manchester United captain Harry Maguire Read More Skip Ad Coming Next Visit Advertiser website GO TO PAGE AdvertisementAdvertisementArsenal confirmed the move in a statement: ‘Henrikh Mkhitaryan has joined Serie A side AS Roma on loan for the rest of the season.‘Everyone at Arsenal wishes Micki all the best for his season with Roma. The loan is subject to the completion of regulatory processes.’Mkhitaryan said of the move: ‘It’s a great opportunity for me to begin a new chapter, with a great club. I know what this club is all about and I am sure we can achieve great things together.’ 1/1 Comment About Connatix V67539last_img read more

Simmons wants massive effort from batsmen in England  Tests

first_imgMANCHESTER, England, (CMC) – Head coach Phil Simmons on Saturday underscored the importance of West Indies posting large totals, if they were to be competitive in next month’s three-Test series against England.Speaking in a media conference via Zoom, Simmons said if the Caribbean side’s “world class” bowling attack were to be afforded the chance to take 20 wickets consistently, the batting needed to fire on all cylinders.“I think that’s the important part of this tour,” Simmons said from quarantine at Old Trafford here.“There’s a lot of pressure on the batsmen to perform because the bowling unit has been carrying the Test team for a while now and it’s something that we are harping on a lot.“Not to put extra pressure because there’s enough pressure playing a Test match, but we need to get that total of 400, 450 in order to give this bowling unit, which I think is a top class bowling unit – the fast bowlers especially – a chance in these three Test matches.”West Indies have struggled to post 400 runs in an innings in recent times, passing the mark just once in their last 16 innings. On that occasion, they raised 415 in the second innings of the opening Test against England in Bridgetown last year, laying the foundation for a commanding 381-run victory.Nine times during the same period dating back to the tour of Bangladesh in 2018, West Indies have managed less than 250 in an innings. They have lost eight of their last 15 Tests since inside the last two years and won six.West Indies’ task was made even more difficult with the withdrawal of of experienced Darren Bravo who averages 37 from 54 Tests and rising star Hetmyer, who was instrumental in the historic series win over England last year.Both batsmen expressed concern about their safety on the tour amid the COVID-19 pandemic and declined selection.However, Simmons said while they would be missed, it was critical other batsmen assumed responsibility in their absence.“We know and we understand the quality of these two individuals and we know what we will be missing but in situations like this, we have to work hard with the guys who are here and just make sure that the work we’re doing is putting them in a position to be able to fill those two shoes for the series,” Simmons pointed out.“Hopefully whoever fills their shoes for the series can go on and be as great as they want to be. We’ve just got to work hard with whom we have here and try to get two players to fill those boots.”The series, which bowls off July 8 at the Ageas Bowl in Southampton, will be the first of its kind to be played in a “bio-secure” environment amid the ongoing COVID-19 pandemic which has already resulted in 294 000 infections and over 41 500 deaths in the United Kingdom.With cricket halted globally since March, both teams will enter the series without match practice and Simmons believes this will create a more even contest.“I think it’s a plus because England haven’t come from a tour or two tours recently and we’ve just been playing cricket at home,” he explained.“In a normal situation we would have been coming from camps and England would have been halfway through their season and the series would’ve been going right now. “So I think that’s a plus for us because it evens out things a little bit due to the fact they have not been playing competitive cricket for a while also.”last_img read more