The Missing Hospitality Stimulus: Hospitality corps could give billions in stimulus to their own employees for cents on the dollar – what’s stopping them?

A provision of the CARES Act allows companies to get a 50% refundable tax credit on the first $10,000 of wages and benefits paid to each of their employees idled […]

PRAC kicks-off public side of accountability work with forum lacking depth: highlights and lowlights

The Pandemic Response Accountability Committee (PRAC) held their first public forum on June 3, 2020 to hear from ‘stakeholders’ representing state and local government, businesses, financial institutions, non-profits, and healthcare […]

Who are the “Overseers”? Picking apart the accountability structure for CARES Act implementation

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed in March 2020 to provide broad-based economic assistance for workers, families, small and large businesses, and state, local and […]

News Highlights – 6/3/20

Senate Confirms Inspector General to Oversee Virus Bailout Funds – NY Times The Most Important Word in the Hospitality Industry? ‘Clean’ – NY Times Coronavirus Shock Could Upend Las Vegas […]

Darden Restaurants CEO and execs have six-figure salaries restored – while thousands of workers face end of ‘emergency pay’ and risky reopening

Only a few months into a seemingly never-ending pandemic crisis, Darden Restaurants – the parent company of Olive Garden, Longhorn Steakhouse, and other suburban favorites – has quietly restored the […]

Hear no evil, see no evil, speak no evil: House Republicans sink TRUTH Act for fear of ‘shaming’ corporate welfare recipients

On Thursday, May 28th, an overwhelming majority of Republican representatives voted against HR 7682, Small Business Transparency and Reporting for the Underbanked and Taxpayers at Home Act, or the TRUTH […]

News Roundup – 5/25/20

The White House’s favored recovery strategy could permanently scar the economy – Washington Post Some Americans fear their jobs will be lost forever – Financial Times For Economy, Worst of […]

Detour: Hotel industry lobbying group wants to redirect federal funds meant for workers to banks and bondholders

The lobbying group for big hotel companies like Marriott, Hyatt and Hilton has come up with another bailout request they’ve named “Roadmap for Recovery”. The group claims they’ve put the […]

The Fed bailing out hotel CMBS debt would be a backdoor bank handout that won’t help workers – not that you’d know that from Tuesday’s Senate Banking Hearing

At the May 19th Senate Banking Committee hearing on CARES Act implementation, Treasury Secretary Steve Mnuchin and Federal Reserve Chair Jerome Powell were asked about their plans to shore up […]

News Roundup – Evening of 5/19/20

(Reporter by Alex Steffler – CC BY-NC 2.0) Powell, Mnuchin Outline Contrasting Perils Facing Economy – Wall Street Journal At Least 30 Public Companies Say They Will Keep PPP Loans […]