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Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks

Most notably, they gutted the requirement that borrowers who wanted their loans forgiven maintain their prepandemic head counts. And they reduced the percentage of the loan that borrowers seeking forgiveness […]




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Zero-Covid Policy Shakes Hong Kong’s Economy and Its ‘Soul’

HONG KONG — Perry Lam felt confident that his business had weathered the worst of the pandemic. Several rounds of bar closures in Hong Kong had dimmed the city’s vibrant […]




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How a Relief Fund for Restaurants Picked Winners and Losers

When Congress created a grant program early this year to help battered bars and restaurants survive the pandemic, one thing was immediately clear: The money would not be enough. The […]







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Supply-Chain Kinks Force Small Manufacturers to Scramble

For example, when companies moved production from the United States to China in the past, they paid for the shift with the savings gained in going from a high-cost area […]







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Racial Bias Skewed Small-Business Relief Lending, Study Says

But Sergey Chernenko, an associate professor of finance at Purdue University’s Krannert School of Management, who was not involved in Dr. Howell’s research, said the new paper aligned with his […]










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Could This Covid Wave Reverse the Recovery? Here’s What to Watch.

The spread of the Delta variant has delayed office reopenings, disrupted the start of school and generally dashed hopes for a return to normal after Labor Day. But it has […]