Amid the coronavirus crisis, some elite private schools have received a loan from the federal Paycheck Protection Program — including Brentwood School in Los Angeles, where Treasury Secretary Steven T. Mnuchin's children are students.
What will it take to reopen California schools? Gov. Gavin Newsom is looking toward an earlier start, possibly in late July, but there’s not yet a plan for doing so.
The federal support “would be a major help for those schools struggling to pay their staff and meet the expenses of providing education,” Andrews said. She said that the “perspective of elitism around independent or private schools” does not necessarily square with the economic realities of many of these institutions.“Because a school has a certain history or a certain reputation — that doesn’t really speak to its financial standing or what its needs are,” Menacho said. “What’s their debt? Their deferred maintenance? What costs are they carrying? Those are things that … are very real.
The April 24 letter to the Brentwood community was signed by Mike Riera, the head of the school, and Lance Milken, chairman of the board of trustees. Milken is the son of Michael Milken, the Wall Street investor who was sentenced to 10 years in prison following his 1989 indictment on racketeering and securities fraud charges. He was pardoned by President Trump in February.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coronavirus stimulus checks: Payments to dead relatives should be returned, Mnuchin saysRelatives who have received a stimulus payment for a deceased family member must return it to the federal government, according to Treasury Secretary Steven Mnuchin.
Lire la suite »
Mnuchin sends top deputy to fix small-business loan messTreasury Secretary Steven Mnuchin has tapped his most trusted lieutenant to help guide the $670 billion small business loan program that's intended to save millions of jobs during the Covid-19 pandemic
Lire la suite »
Mnuchin Says U.S. Not Aiming to Lose Money on Fed Lending FacilitiesTreasury Secretary Steven Mnuchin said he expects the government will recover much of the funds it has committed to backstop the Federal Reserve’s emergency lending programs, suggesting he doesn’t anticipate widespread losses on the loans.
Lire la suite »
Joe Exotic's Prison Has 2nd Highest Coronavirus Rate in Prison SystemFederal prisons -- including the one Joe Exotic's at -- are under siege by coronavirus, but here's how they're dealing.
Lire la suite »
Federal Reserve widens Main Street Loan Program to reach more businessesBusinesses with up to 15,000 employees or up to $5 billion in annual revenue are now eligible for the Federal Reserve's Main Street Loan Program.
Lire la suite »