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Wealth management firms among those that have taken PPP loans during coronavirus pandemic

Wealth management firms among those that have taken PPP loans during coronavirus pandemic

Finance
Natasha Alipour Faridani | DigitalVision | Getty ImagesThe government's release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans.The data released by the Small Business Administration and Treasury Department on Monday included loans of more than $ 150,000 that were made through the PPP.The loan program was created under the $ 2 trillion-plus CARES Act passed by Congress in March. A list of the borrowers had not been revealed until Monday. The government did not disclose the names of businesses that took less than $ 150,000, in an effort to protect small businesses.The average loan size was $ 107,000, according to the SB...
Suspect on run after NZ police officer shot and killed during routine traffic stop

Suspect on run after NZ police officer shot and killed during routine traffic stop

World
A police officer has been shot and killed and another is seriously injured after making a routine traffic stop in New Zealand.Police said the two officers pulled over a car carrying two people on Friday morning in Auckland when one of them started firing at them with a long-barrelled gun. The vehicle then sped off, hitting and injuring a bystander as it fled the scene.Police are searching for the gunman, who is on the run. Image: Police are searching for the gunman, who fled the scene Police Commissioner Andrew Coster said there was nothing to indicate anything was out of the ordinary when the car was first pulled over. ...
612,000 UK workers lose their jobs during lockdown

612,000 UK workers lose their jobs during lockdown

Business
Early estimates suggest 163,000 people lost their jobs in May, on top of 449,000 the previous month, as the coronavirus crisis lockdown took its toll on the UK economy.The Office for National Statistics (ONS) said HM Revenue and Customs (HMRC) data covering the number of paid employees showed a fall of 2% since the country entered effective hibernation in March. It released the experimental data as its own figures showed a leap in the so-called claimant count - jobless claims applications through Universal Credit. ...
England v West Indies: ‘No friendships’ with Jofra Archer during series – Kemar Roach

England v West Indies: ‘No friendships’ with Jofra Archer during series – Kemar Roach

Sports
England v West Indies, first TestVenue: Ageas Bowl, Southampton Date: 8-12 JulyCoverage: Live Test Match Special radio and text commentary on every match on BBC Radio 5 live sports extra & BBC Sport website, plus desktop, tablets, mobiles and app. Highlights each day on BBC Two at 19:00 BSTThere will be "no friendships" between the West Indies players and England's Jofra Archer during the sides' upcoming Test series, says bowler Kemar Roach.Barbados-born bowler Archer, 25, played three times for West Indies Under-19s before opting to play for England.He played against West Indies at the 2019 World Cup but this summer's series, starting on 8 July, would be the first time he had faced them Tests. ...
Older, more anxious people likely to stockpile toilet paper during pandemic

Older, more anxious people likely to stockpile toilet paper during pandemic

Health
June 12 (UPI) -- People who stockpiled toilet paper as the COVID-19 pandemic reached U.S. shores in March likely felt more threatened by the virus and emphasize preparedness in other facets of their lives, according to a study published Friday by the journal PLOS ONE. Using the Brief HEXACO Inventory, which ranks six broad personality traits, people who tend to worry more and feel anxious -- characteristics that fall under the category of "emotionality" -- were more likely to stockpile supplies like toilet paper, the researchers found. Advertisement Similarly, those with personalities high in "conscientiousness" -- which includes traits like organization, diligence, perfectionism and prudence -- also were more likely to hoard the product, they said. "The perceived threat by COVID-19 was a...