PPP bailout: Kanye, Kardashian brand, Trump lawyer firm, Billionaire-backed club benefited

[enhanced_deficit]

While much of small-gummit championing GOP conservative base is being entertained with "mask politics", Trump leadership on stimulus spending front is not being given much coverage by fakenews media. Powerful stimulus spending deployed in the MAGA Trump-Mnuchin led war against the "hoax" aka the "unseen enemy"; the biggest bailout in entire history of the US and perhaps the world by suspending small gummit/debt controls temporarily for the greater good.
Among others, MAGA social justice allies and billionaire backed members only club house benefiting that as a fringe benefit may also boost MAGA movement-Trump's commitment to social/racial justice, BLM, pro diversity causes.



Treasury reveals 700,000 of the companies and non-profits who got PPP bailout - with Kanye West's Yeezy company, Khloe Kardashian's denim brand and Donald Trump lawyer's firm among those benefiting

• Loans were through the administration's Paycheck Protection Program
• Meant to inject cash into the economy to prevent massive layoffs
• Sidwell Friends school got $5-$10 million loan
• Law firm of longtime Trump lawyer Marc Kasowitz also got one
• Kanye West's LLC Yeezy got $2-$5 million
• Treasury Secretary Steven Mnuchin had initially refused to name any recipients

By Reuters and Geoff Earle, Deputy U.s. Political Editor For Dailymail.com
Published: 11:59 EDT, 6 July 2020
The Trump Administration's coronavirus bailout program handed out up to $5 million to prop up Kanye West's production company while also pushing out funds to the law firm of Donald Trump's longtime personal lawyer, the Treasury revealed Monday.

https://www.dailymail.co.uk/news/art...supported.html


Billionaire-backed members club Soho House received up to $22 MILLION in government bail-out loans after six different branches all asked for cash

• Global private membership club Soho House, which is valued at $2 billion, received as much as $22 million in loans intended for small businesses
• Sanctioned under the Payment Protection Program (PPP), the loans went to each of the company’s six US locations in Los Angeles, Chicago, Miami and New York
• The loans were valued between $350,000 and $10M each, public records show
• According to those records, Soho House & Co saved 1,996 jobs across all of its US locations thanks to the government funds
• Separately the company, which is backed by billionaire Ron Burkle, also secured a $100 million investment from new and existing shareholders last month
• Soho House & Co. is also pushing ahead with its plans for global expansion by cutting executive pay and employee hours
• The company said it is participating in government loan and furloughing programs ‘all over the world’
• The company said it would be using the loans to cover payroll expenses, and said it is still providing full medical insurance for its US workers

By Luke Kenton For Dailymail.com
Published: 00:10 EDT, 7 July 2020
https://www.dailymail.co.uk/news/art...usinesses.html



Related


Trump ally Kanye West joins BLM protests, donates $2 million to BLM organizations
June 8, 2020
Kanye West was a vocal supporter of President Trump, but now his support of Black Lives Matter has some music insiders scratching their heads and wondering if Kim Kardashian is behind it.
One source even told us Kardashian — who has become a vocal campaigner for criminal justice and prison reform — was the catalyst for him to act. West sprang into action last week, creating a college fund for George Floyd’s daughter, Gianna, and donating $2 million to BLM organizations. He also marched with protesters in his hometown of Chicago.
pagesix.com/2020/06/08/insiders-think-kim-kardashian-is-behind-kanye-wests-political-about-face/



Fresh outrage as well-connected firms nab virus 'bailouts'...

Trump donors among early recipients...

Billionaires and country clubs receive 'small business loans'...

Grover Norquist's anti-government spending group took cash...

Church of Scientology bailed out!

Televangelists, Dallas megachurch that hosted Pence approved for millions...

KOREAN AIR!?

Pelosi's husband among lawmaker-linked recipients...

Governors' companies money grab...

Trump: Coronavirus is Democrats' 'new hoax'


Tea-Party demise and GOPA rise
Debt no longer matters

[Pauls' Revere]

I now have multiple talking points on why government should stay out of the market.

https://www.msn.com/en-us/news/polit...?ocid=msedgntp

Wineries partly owned by Rep. Nunes, R-Calif. Nunes listed on his 2018 public financial disclosure forms roles as a limited partner with investments in Phase 2 Cellars in San Luis Obispo, California, and Alpha Omega Winery in Saint Helena, California. The PPP data shows the wineries received loans of $1 million to $2 million.

Planned Parenthood chapters across the country received loans, drawing the ire of conservatives. Planned Parenthood of Central and Western New York received $2 million to $5 million.

A Scranton, Pennsylvania, law firm employing the wife of Rep. Matt Cartwright, D-Pa., as a partner. The Munley law firm, where Marion Munley is a partner, received $350,000 to $1 million.

A firm linked to House Speaker Nancy Pelosi's husband, Paul. EDI Associates, based in San Rafael, California, received $350,000 to $1 million. Pelosi disclosed her husband's partnership income from the firm in a financial disclosure filing in 2018. Pelosi spokesperson Drew Hammill told USA TODAY Paul Pelosi was "a minor, passive investor" with an 8.1% stake in the firm and "was not involved in or even aware of this PPP loan.”

A resort owned by West Virginia Gov. Justice, a Republican. Justice's family-controlled company owns a resort complex, the Greenbrier, and the adjacent residential complexes. The data showed loans of $5 million to $10 million for the Greenbrier Hotel Corp., one of only nine companies in the state to receive loans as large. The Greenbrier Sporting Club, the residential complexes, received $1 million to $2 million.

A shipping company run by the family of Transportation Secretary Elaine Chao. Foremost Group received $350,000 to $1 million. Chao does not have any financial involvement in the company.

Lobbying and policy group Waxman Strategies, which is run by former Rep. Henry Waxman, D-Calif., and his son Michael, which received a loan of $350,000 to $1 million.

Policy firms Precision Strategies and Albright Stonebridge Group. Precision Strategies, a liberal-aligned firm, received $1 million to $2 million but announced Monday it had paid back the loan. Albright Stonebridge Group, which is co-chaired by former Secretary of State Madeleine Albright, received $2 million to $5 million.

Girl Scout chapters across the country received loans. The Girl Scouts of Central and Southern New Jersey, Jersey Shore and Northern New Jersey all received loans of $350,000 to $1 million.

The Grosse Pointe Yacht Club in Michigan and the South Carolina Yacht Club on Hilton Head Island. The Grosse Pointe Yacht Club received $1 million to $2 million, and the South Carolina Yacht Club received $150,000 to $350,000.

USA TODAY reported Monday on several other members of Congress whose businesses or businesses linked to the members received loans, including:

Rep. Mike Kelly, R-Pa., whose car dealerships received three loans of $350,000 to $1 million.

Rep. Kevin Hern, R-Okla., whose company held in a family trust controlling five McDonald's franchises received $1 million to $2 million.

Rep. Markwayne Mullin, R-Okla., whose plumbing and contracting firms received four loans totaling $800,000 to $2 million.

Rep. Rick Allen, R-Ga., whose construction company in Augusta received $350,000 to $1 million.

[r3volution 3.0]

What's $6 trillion between friends?

That's only $47,000 per household.

They won't mind, so long as the country is sufficiently MAGAerficatified.

The Chinese are robbing us! SAD!

[enhanced_deficit]

What's $6 trillion between friends?

That's only $47,000 per household.

They won't mind, so long as the country is sufficiently MAGAerficatified.

The Chinese are robbing us! SAD!

Due to Tea Pawty demise, progressive socialism rise and GOP "pro small gummit conservatives" base demoralization approaching similar levels as was near end of 2nd Bush-Cheney term (pre historic Obama win), best to stop worrying about debt and small gummit. Debt ridden grand childrens will be able to figure their own destinies in the post Iraqi Freedom world.

I now have multiple talking points on why government should stay out of the market.

https://www.msn.com/en-us/news/polit...?ocid=msedgntp

Wineries partly owned by Rep. Nunes, R-Calif. Nunes listed on his 2018 public financial disclosure forms roles as a limited partner with investments in Phase 2 Cellars in San Luis Obispo, California, and Alpha Omega Winery in Saint Helena, California. The PPP data shows the wineries received loans of $1 million to $2 million.

Planned Parenthood chapters across the country received loans, drawing the ire of conservatives. Planned Parenthood of Central and Western New York received $2 million to $5 million.

A Scranton, Pennsylvania, law firm employing the wife of Rep. Matt Cartwright, D-Pa., as a partner. The Munley law firm, where Marion Munley is a partner, received $350,000 to $1 million.

A firm linked to House Speaker Nancy Pelosi's husband, Paul. EDI Associates, based in San Rafael, California, received $350,000 to $1 million. Pelosi disclosed her husband's partnership income from the firm in a financial disclosure filing in 2018. Pelosi spokesperson Drew Hammill told USA TODAY Paul Pelosi was "a minor, passive investor" with an 8.1% stake in the firm and "was not involved in or even aware of this PPP loan.”

A resort owned by West Virginia Gov. Justice, a Republican. Justice's family-controlled company owns a resort complex, the Greenbrier, and the adjacent residential complexes. The data showed loans of $5 million to $10 million for the Greenbrier Hotel Corp., one of only nine companies in the state to receive loans as large. The Greenbrier Sporting Club, the residential complexes, received $1 million to $2 million.

A shipping company run by the family of Transportation Secretary Elaine Chao. Foremost Group received $350,000 to $1 million. Chao does not have any financial involvement in the company.

Lobbying and policy group Waxman Strategies, which is run by former Rep. Henry Waxman, D-Calif., and his son Michael, which received a loan of $350,000 to $1 million.

Policy firms Precision Strategies and Albright Stonebridge Group. Precision Strategies, a liberal-aligned firm, received $1 million to $2 million but announced Monday it had paid back the loan. Albright Stonebridge Group, which is co-chaired by former Secretary of State Madeleine Albright, received $2 million to $5 million.

Girl Scout chapters across the country received loans. The Girl Scouts of Central and Southern New Jersey, Jersey Shore and Northern New Jersey all received loans of $350,000 to $1 million.

The Grosse Pointe Yacht Club in Michigan and the South Carolina Yacht Club on Hilton Head Island. The Grosse Pointe Yacht Club received $1 million to $2 million, and the South Carolina Yacht Club received $150,000 to $350,000.

USA TODAY reported Monday on several other members of Congress whose businesses or businesses linked to the members received loans, including:

Rep. Mike Kelly, R-Pa., whose car dealerships received three loans of $350,000 to $1 million.

Rep. Kevin Hern, R-Okla., whose company held in a family trust controlling five McDonald's franchises received $1 million to $2 million.

Rep. Markwayne Mullin, R-Okla., whose plumbing and contracting firms received four loans totaling $800,000 to $2 million.

Rep. Rick Allen, R-Ga., whose construction company in Augusta received $350,000 to $1 million.

EM.


More details coming out:

Three Kushner family companies scored millions in coronavirus bailout funds

Some of the companies which cashed in on the loans belong to the family of President Trump's son-in-law

Roger Sollenberger July 8, 2020 4:15AM (UTC)



However, the program came under scrutiny almost immediately amid allegations of corruption and as loans were exhausted despite outstanding need. Though the data dump does not illustrate a program rife with wrongdoing, it does reveal that three of the companies which cashed in belong to the family of President Donald Trump's senior White House adviser and son-in-law Jared Kushner.




First there is Kushner's old newspaper, The New York Observer, which allegedly collaborated with WikiLeaks in the run-up to the 2016 election.

Between $350,000 and $1 million in pandemic relief went to Observer Holdings LLC, the parent company of Observer Media, the news company Kushner owned before leaving for the administration in 2017.
However, the family held onto the company. Kushner's brother-in-law Joseph Meyer currently lists it among his holdings, according to the Daily Beast. The PPP loan allowed the company to keep 41 jobs, according to SBA data. (Disclosure: Salon received a PPP loan to keep our staff and independent journalism at 100%.)
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According to former Observer staff, Kushner did not even read his own paper.
"There was one meeting he showed up to and one person asked him what was his favorite story that the paper had run recently," one ex-staffer told Vanity Fair. "He had to think about it for a very long time in order to remember anything he'd read. He very obviously didn't read it."
In an op-ed this May, The Observer's former editor-in-chief Elisabeth Spiers claimed that Kushner's botched response to the COVID-19 was strikingly similar in style to his alleged mismanagement of the paper.
Advertisement:

"This is basically Kushner's modus operandi, and it's painfully familiar to me because he was my boss," Spiers said. "When I knew him, he seemed constitutionally incapable of considering the humanity of other people as a starting point. Relationships were primarily transactional, and this failure of empathy permeated everything he did."

Two of the Kushner family's New Jersey hotels also pulled PPP loans. Per Treasury Department data, Princeton Forrestal — owned by Kushner's mother, brother and sister — took somewhere between $1 million to $2 million in emergency relief. Esplanade Livingston, a company which owns the land for the Kushners' Westminster Hotel, drew between $350,000 and $1 million.



The Daily Beast reports that mortgage documents filed in Essex County, N.J., demonstrate that Esplanade Livingston is controlled by a company called C.K. Livingston LLC — the initials of Jared Kushner's father, Charles. Jared's 2017 disclosures list the hotel as a source of income.
The New York Times previously reported that a Democratic provision intended to block Kushner from tapping into the relief funds might not actually apply to him personally. The provision bars loans from going to companies in which government officials or their family members directly have an ownership stake of at least 20%. However, Kushner often splits ownership with family members and other investors.

A volunteer with Kushner's shadow White House coronavirus task force filed a complaint with the House Oversight Committee, alleging an array of improprieties, including unfit staffing choices and self-made failures to get desperately needed personal protective equipment
Advertisement:

May's whistleblower complaint also alleged that Kushner had prioritized requests from Trump allies and Fox News media personalities. One of those personalities was reported to be Brian Kilmeade, the co-host of Trump's favorite morning show: "Fox & Friends."

During an April appearance on the show, Kushner, who is married to the president's eldest daughter Ivanka Trump, celebrated his own work as a "great success" story.

https://www.salon.com/2020/07/08/thr...bailout-funds/

[tfurrh]

I believe the Ayn Rand Institute got some PPP $$$. Is that irony? Can't tell if it is or isn't.

[RonZeplin]

This is American Exceptionalism at it's worst - the money disappears, and the gov just grows and grows. it's like magic, IOW a bum trip man.

[PAF]

//

[Occam's Banana]

This is American Exceptionalism at it's worst - the money disappears, and the gov just grows and grows. it's like magic, IOW a bum trip man.

Yeah, well, I can't find the term "wazoo" in any of the U.S. Treasury Department's glossaries.

This leads me to suspect that they're just making that bit up.

Which means everything should work out okay ... (we just have to ignore the fearmongers ...)

[enhanced_deficit]

U.S. units of Chinese companies got coronavirus bailout money

Designed to help businesses hurt by COVID-19, PPP loans included up to $10 million for Continental Aerospace Technologies, run by a Chinese defense giant.

President Donald Trump and Chinese president Xi Jinping shake hands during a news conference at the Great Hall of the People in Beijing on Nov. 9, 2017.Qilai Shen / Bloomberg

July 13, 2020, 7:57 PM EDT
By Rich Gardella and Dan De Luce
WASHINGTON — The U.S. government has awarded coronavirus relief loans to several subsidiaries of Chinese companies, including one linked to the Chinese military that drew scrutiny from Congress, according to data released by the Treasury Department.
Designed to help businesses hit hard by the pandemic's stay-at-home orders, the Paycheck Protection Program bailout loans included $5 million to $10 million for Continental Aerospace Technologies Inc., an aircraft engine manufacturer under the control of the Chinese defense giant Aviation Industry Corp. of China, or AVIC, according to data from the Treasury Department.
A joint venture of the same Chinese aviation company, called Aviage Systems, based in Arizona, received between $150,00 and $350,000, the data showed. Aviage is a joint venture between China's AVIC and General Electric Co. that produces avionics equipment.

The U.S. government also gave between $350,000 and $1 million to HNA Group North America LLC and HNA Training Center NY LLC, affiliates of the Chinese conglomerate HNA Group Co., according to the data. The Chinese conglomerate has businesses in airport services, transportation, real estate, financial services, leasing, tourism, hotels, and logistics.

Bloomberg first reported on the loans to the subsidiaries of AVIC and HNA.
AVIC, the Chinese aviation company that controls Continental Aerospace Technologies, appeared on a list last month from the Defense Department of 20 Chinese firms considered to be owned or tied to the Chinese military.
Last month, a bipartisan group of lawmakers called on President Donald Trump to impose economic penalties on the companies appearing on the list.

Billionaries, lobbyists reap PPP loan windwall

July 8, 20200

The Paycheck Protection Program, established by the CARES act and overseen by the Small Business Administration, has provided more than 4.9 million loans worth more than $517 billion as of July 9. Critics, and some lawmakers, have faulted the program for providing loans to larger companies that do not need help. The Trump administration has said the program has been a major success.

The program does not appear to explicitly prohibit U.S. subsidiaries of foreign companies from receiving loans. According to guidance from the Treasury Department and the Small Business Administration, companies whose principal place of residence is in the United States can qualify for loans.
Some law firms have issued advice online that U.S. companies with foreign ownership may be eligible for government assistance.
A U.S. subsidiary of another Chinese company that has raised concerns among U.S. officials, BGI Group, also received a loan from the program.
BGI Americas Corporation got a loan of between $350,000 and $1 million, according to Treasury Department data. The parent company is building a vast genetics database of China's population.

Here are some of the billionaires who got PPP loans while small businesses went bankrupt

Axios first reported on the BGI loan.

A U.S. startup in Irvine, California, CloudMinds Technology Inc., which provides cloud-based "brain systems" for robots, got a loan of $1 million to 2 million, according to Treasury data. Reuters first reported on the loan.

In May, the Commerce Department cited several CloudMinds entities among a "debarred list" of organizations "engaging in activities contrary to the national security or foreign policy interests of the United States."

nbcnews.com/news/china/u-s-units-chinese-companies-got-coronavirus-bailout-money-n1233692

[enhanced_deficit]

Yeah, well, I can't find the term "wazoo" in any of the U.S. Treasury Department's glossaries.

This leads me to suspect that they're just making that bit up.

Could that be just a draft version and not updated in glossaries yet... just thinking out of box here.

[Firestarter]

West Virginia Governor Jim Justice got a $1-2 million in April and another $5-10 million Paycheck Protection Program (PPP) loan for his luxury Greenbrier resort in White Sulphur Springs.

Hobby Lobby king David Green, associate of smugglers all over the world got a $2-5 million PPP loan for his Museum of the Bible with dubiously acquired artefacts.

Ayn Rand Institute board member Harry Binswanger explained in May why they would “take any relief money offered”:

It would be a terrible injustice for pro-capitalists to step aside and leave the funds to those indifferent or actively hostile to capitalism.

Of course we wouldn’t want tenants to be prevented from paying what they owe the Trump Organization.
Dozens of tenants at buildings owned by the Trump syndicate received funds. More than 20 businesses at the Trump-owned 40 Wall Street received government loans of at least $20 million: http://web.archive.org/web/20200709111510/https://www.esquire.com/news-politics/politics/a33233404/ppp-ayn-rand-institute/
(http://archive.is/G4Zha)


The wealthy receiving low-interest PPP loans include members of Congress and their families, $14 million in relief funds:

At least nine lawmakers and three congressional caucuses have ties to organizations that took millions of dollars in aid.

The dentist Albert Hazzouri, a frequent visitor at Donald’s Mar-a-Lago, asked for a huge PPP loan.
A hospital run by Maria Ryan, close to Donald’s lawyer and former NYC mayor Rudy Giuliani, requested more than $5 million.

The online Daily Caller that was founded by Trump supporter and FOX News host Tucker Carlson, received up to a cool $1 million.
The TV network and website Newsmax, owned by another confidante of President Donald, Christopher Ruddy, got a loan of $2-5 million.

http://www.ronpaulforums.com/showthr...=1#post6965708