As the pandemic began to unfold, scores of Catholic dioceses across the U.S. received aid through the Paycheck Protection Program while sitting on well over $10 billion in cash, short-term investments or other available funds, an Associated Press investigation has found. And despite the broad economic downturn, these assets have grown in many dioceses.
Continue reading Catholic Dioceses Received $Billions in Aid from Paycheck Protection ProgramTag Archives: covid19 economy
55 Million People Face Famine as COVID-Ravaged Economies Fail To Meet Funding Goals
Nations the world over have scrambled to take emergency action in the wake of COVID-19, as businesses have been disrupted, supply lines cut and economies stunted, leaving foreign aid programs underfunded and millions without food.
Continue reading 55 Million People Face Famine as COVID-Ravaged Economies Fail To Meet Funding GoalsExceptionalism is on the Ropes and the End of the Petrodollar is Nigh
From the border wall rhetoric to trade wars, Trump is effectively setting up the implosion of the dollar and couching it as pseudo nationalistic populism.
Continue reading Exceptionalism is on the Ropes and the End of the Petrodollar is Nigh