Banana Disruptions
Slate Money
Slate Podcasts
4.1 • 1.1K Ratings
🗓️ 4 April 2020
⏱️ 42 minutes
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| 0:00.0 | Hello and welcome to the Banana Disruptions Edition of Slate Money, |
| 0:17.5 | your guide to the Business and Finance News of the Week. |
| 0:20.4 | I'm Felix Salmon of Axios. |
| 0:22.4 | Emily Peck is here from Huff Post. |
| 0:24.0 | Hello. And the Shimansky is here from Breaking Views. Hello. We have been |
| 0:30.2 | disrupted. Well we tried to do our little disrupting thing by doing a |
| 0:35.0 | COVID special 15 minute show on Wednesdays but we've been disrupted by the |
| 0:41.6 | ad market so no more COVID shows on Wednesdays. We're going to talk a little bit about why that is in Slate Plus. |
| 0:49.0 | We are going to talk about disruption to supply chains, just in bananas but also much more |
| 0:55.1 | importantly in toilet paper that's coming up on this show we are going to talk about |
| 1:00.1 | the oil market and Trump tweets but I think we are going to start with the |
| 1:07.3 | massive stimulus bill and the small business money that is not going out to small businesses nearly as |
| 1:14.0 | efficiently as people had hoped that it would. All of that coming up on slate |
| 1:20.0 | money. So let's start with what is for me the centerpiece of the two trillion dollar stimulus package, |
| 1:28.0 | which is the 350 billion dollars that is going to small businesses, much if not most of which is going to wind up |
| 1:38.0 | going straight to those small businesses in the form of loan forgiveness. |
| 1:42.0 | You're a small business, you apply for a loan, |
| 1:44.8 | you can get two and a half months of payroll and rent and utilities, and then as long as you keep |
| 1:49.5 | those staff members on payroll, you can get that loan forgiven. So this is not a fed |
| 1:56.5 | liquidity thing this isn't a low interest loan thing this is basically a grant |
| 2:00.2 | dressed up as a loan and it's super important for keeping millions of small |
| 2:05.4 | businesses in business. And Emily, how's that going? Yeah, it's not going great |
... |
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