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Monthly Archives: July 2020
In the wake of Covid-19, time to consider basic income: Senate report – Investment Executive
Posted: July 15, 2020 at 9:42 pm
The effectiveness of the CERB as an emergency income support has led many people to wonder whether it is time to consider a more permanent solution, such as a basic income guarantee, the report said.
Among other things, the committee also made recommendations for restructuring CERB as a declining benefit, based on income, and improving access to the Canada Emergency Wage Subsidy (CEWS).
While the committee lauded the governments response to the pandemic including federal financial support programs, such as CERB and CEWS, noting that these likely prevented a more severe economic crash it also said that the government has used extraordinary powers to introduce these measures.
On March 24, Parliament passed legislation that granted the government greater spending power and exempted it from requiring Parliaments approval to expand its borrowing.
The report noted that the threat of Covid-19 shows no sign of abating in the near term, and, as a result, it recommended a return to traditional parliamentary procedures for government spending.
Parliament has a fundamental role in reviewing and approving government spending, the report said.
The committee also recommended that the government provide quarterly financial updates throughout the crisis, so that policymakers, lawmakers and Canadians have accurate information about the countrys financial health.
While the government and public service acted with commendable speed in implementing crucial financial supports, public and parliamentary scrutiny of spending measures will be crucial for Canadas economic recovery, said Senator Percy Mockler, chair of the committee, in a statement.
Looking ahead, the committee said that it will focus on recovery strategies when it resumes meeting in the fall and make recommendations for building a fairer and more sustainable economy.
We hope that our study will lead to improved programs and services that will see all Canadians share in the economic recovery. We look forward to laying out a vision for this recovery when we continue our study, said Senator David Richards.
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COVID-19 on P.E.I.: What’s happening Tuesday, July 14 – CBC.ca
Posted: at 9:42 pm
Prince Edward Island has one new COVID-19 case,an essential worker in his 30s who travelled internationally recently. He has been self-isolating since his arrival on P.E.I., says Dr. Heather Morrison. This case is not related to the twomost recent cases, she said at her regular Tuesdaybriefing.
Contact tracing and testing is underway on the previousnew case of COVID-19, a man in his 40s who is a health-care worker in the emergency department at the Queen Elizabeth Hospital in Charlottetown. More than 200 staff and patientshave been identified for testing.
About 20 people gathered in Charlottetown to draw attention to the struggle of seniors in P.E.I.'s long-term care facilities throughout the COVID-19 pandemic.
Small businesses are making adjustments asmask recommendations change, setting protocols for employees, seeking suppliers, and even offering discounts to mask-wearing customers.
P.E.I. Premier Dennis King says he is comfortable with Islanders travelling around Atlantic Canada and vice versa, but he is not seriously considering expanding beyond that yet.
Fishermen on P.E.I. are hoping the lobster industry will be better in the fall than it was in the spring.
P.E.I.'s tourism industry lost more than $27 million in direct earnings with the cancellation of the cruise ship season this year,the CEO of Port Charlottetown estimates.
The COVID-19 pandemic has shown what can be possible with regard to a basic income guarantee on P.E.I., says the chair of the legislative committee on poverty.
Health PEI told employees in an email earlier this week thatall staff who come in contact with patients and who aren't able to physically distance must now wear medical masks.
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COVID-19 on P.E.I.: What’s happening Monday, July 13 – CBC.ca
Posted: at 9:42 pm
Contact tracing on a new case of COVID-19 announced on P.E.I. Sunday has uncovered a new case, a man in his 40s who is a health-care worker at Queen Elizabeth Hospital in Charlottetown.
The man was tested Sunday and results came back positive Sunday evening.
The testing station for COVID-19 is back up and running again at Confederation Bridge, after complaints from truckers.
A second round of tests at Whisperwood Villa have all come back negative.
Many small businesses are now asking employees to wear a mask while at work.
The COVID-19 pandemic has shown what can be possible with regard to a basic income guarantee on P.E.I.
The Downtown Farmers' Market returned to Charlottetown with COVID-19 precautions in place.
Health PEI told employees in an email earlier this week thatall staff who come in contact with patients and who aren't able to physically distance must now wear medical masks.
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What’s Wrong With Ayn Rand’s Philosophy? – The Objective …
Posted: July 13, 2020 at 5:34 pm
Many articles have been written about whats wrong with Ayn Rands philosophy. But, to my knowledge, none of them presents her ideas accurately. So I thought it would be helpful to write one that does.
Heres whats wrong with Rands ideas:
Rand held that existence exists, that reality is real, that there is a world out there, and that we are conscious of it. She held that everything in existence is something specific; everything has a nature; a thing is what it is. (A snake is a snake. A woman is a woman. A pillar of salt is a pillar of salt.) She held that a thing can act only in accordance with its nature. (A snake can slither; it cannot speak. A woman can speak; she cant become a pillar of salt.) And Rand held that there is only one reality: the one we perceive, the one we experience, the one in which we live.1
Where to start with all of the problems in just that one paragraph?
To begin with, the idea that existence exists excludes the idea that existence doesnt exist. It denies the subjectivist, pragmatist, postmodernist view that reality is an illusion, a mental construct, a social convention. Obviously, people who insist that reality is not real are not going to buy in to a philosophy that says it is real.
So thats one huge problem with Rands philosophy.
Now consider her view that only one reality exists. This excludes the notion that a second reality exists; it excludes the idea of a supernatural realm, the realm of God. Likewise, her view that everything has a specific nature, that a thing is what it is, excludes the possibility that some things are not what they are. For instance, it excludes the possibility that a dead person can be alive (life after death), the possibility that wine can be blood or that bread can be flesh (transubstantiation), and the possibility that the Earth came into existence hundreds of thousands of years after the first Homo sapiens roamed it. Similarly, the idea that things can act only in accordance with their nature excludes the possibility of miraclesso: no Immaculate Conception, no virgin birth (of Jesus), no living inside a whale for three days, no walking on water, no faith healing, and so on.
Needless to say, people who insist on the existence of God, life after death, creationism, and miracles will not buy in to a philosophy that leaves no room for such things.
The problems with Rands philosophy are mounting rapidlyand weve just begun.
Another major problem is Rands view that man acquires knowledge by means of reason, the faculty that identifies and integrates the material provided by his senses. According to Rand, insofar as a person observes reality via his senses; integrates his observations into concepts, generalizations, and principles; checks his thinking for contradictions; and checks his conclusions for consistency with his ever-expanding network of observation-based integrationshe can acquire knowledge. Indeed, according to Rand human beings have acquired massive amounts of knowledge, which is why science has advanced so far and man has accomplished so much.2
Well, that view will not go over well with skeptics, pragmatists, and postmodernists who argue that man cannot acquire knowledgeat least not knowledge of reality. Because mans sensory apparatuses process all incoming data before it reaches consciousness, these skeptics argue, man is conscious not of an external reality or a world out there, but rather of internal modifications or distortions.
No human being has ever experienced an objective world, or even a world at all, writes Sam Harris. The sights and sounds and pulsings that you experience are consequences of processed datadata that has been structured, edited, or amplified by the nervous system. Thus, The world that you see and hear is nothing more than a modification of your consciousness.3
This fashionable view is rooted in the ideas of Immanuel Kant, who wrote: What objects may be in themselves, and apart from all this receptivity of our sensibility [i.e., perception], remains completely unknown to us. Once we understand this, Kant says, we realise that not only are the drops of rain mere appearances, but that even their round shape, nay even the space in which they fall, are nothing in themselves, but merely modifications within consciousness. In principle, Kant says, the actual objectthe object as it really isremains unknown to us.4
Indeed, says Kant, it is an error even to regard external objects as things-in-themselves, which exist independently of us and of our sensibility, and which are therefore outside us. The truth, he says, is that external objects are mere appearances or species of [internal] representations, and the things we perceive are something only through these representations. Apart from them they are nothing.5
When philosophers or intellectuals claim that we cannot know reality because our sensory apparatuses distort the data before it reaches consciousness, they may sound profound or impressive (at least to each other). But, then, along comes Ayn Rand, who points out that such claims amount to the view that man is blind, because he has eyesdeaf, because he has earsdeluded, because he has a mindand the things he perceives do not exist, because he perceives them.6
As you might imagine, such straightforward clarifications, which abound in Rands works, can make skeptics feel as ignorant as they claim to be. So thats another problem with Rands philosophy.
Further, Rand holds that reason is mans only means of gaining knowledge.7 This excludes the possibility that revelation, faith, feelings, or extrasensory perception (ESP) is a means of knowledge. On her view, to embrace ideas not supported by evidence is to err. Thus Rand sees all forms of mysticismall claims to a non-sensory, non-rational means of knowledgeas baseless, arbitrary, illegitimate.
That, of course, will not fly with religionists, subjectivists, psychics, or others who claim to acquire knowledge through non-sensory, non-rational means.
And then there are the myriad problems posed by Rands conception of free will.
Rand holds that people do indeed possess free willand that it resides in a fundamental choice: to think or not to think, to focus ones mind or not to do so, to go by facts or to go by feelings.8 The problems with this idea manifest on several levels.
For starters, if people have free will, then not only are their choices their responsibility, so too are the consequences of their choices. If a person characteristically chooses to think, and if his thinking guides him to build a business and make a lot of money, then the business and the money are his achievements. Likewise, if a person characteristically chooses not to think, and if his non-thinking renders him poor and miserable, then his poverty and misery are his fault.
Well, egalitarians, socialists, communists, and the like are not going to accept that for a minute. People who want to organize society in a way that ignores or denies personal responsibility will not accept a philosophy that upholds the very principle that gives rise to and necessitates personal responsibility.
Nor will Rands conception of free will jibe with Jews, Christians, or Muslims who take their religion seriously. If people truly choose to think or not to think, then the notion of an omnipotent, omniscient God goes out the window. Think about it: If people are free to think or not to think, then whatever powers an alleged God is said to possess, he cant know in advance which alternative people are going to choose. If God existed and knew in advance how people were going to choose, then their choices would be preordainedthus they wouldnt be genuine choices. Likewise, if people are free to think or not to think, then God cant make them choose to think. Nor can he make them choose not to think. You see the problem.
In short, Rands view of free will leaves no room for the existence of an all-knowing, all-powerful God. This will not sit well with anyone who insists that such a God exists.
And thats still just the tip of Rands free-will iceberg. Her view of volition leads to a whole host of additional problems. Consider a few more.
If people choose to think or not to think, then they choose all of their actions that are governed by that fundamental choice as well. For instance, on Rands view, a person can choose to be honest or dishonest. He can refuse to pretend that facts are other than they areor he can choose to engage in such pretense.9 Importantly, Rands views on honesty and dishonesty are not merely about telling the truth versus lying. Rand holds that if a person knows something to be true but pretends that he doesnt know it, then even if he doesnt lie about iteven if he maintains the pretense only in his own mindhe is being dishonest. For instance, on Rands view, if a person knows that a friend has acted unjustly but pretends that he doesnt know it, hes being dishonest. And if a person knows that he owes someone an apology but doesnt extend it, hes being dishonest. In such cases, although the person has not lied, he nevertheless is pretending that facts are other than they are.
Well, people who choose occasionally to pretend that they dont know what they do knowand who want to continue in this fashionwill not embrace a philosophy that says they are able to stop deluding themselves and morally corrupt if they dont. (Of course, they might pretend to embrace it, but thats another matter.)
Likewise, on Rands view, a person can choose to think for himself, or he can turn to others and expect them to think for him. In other words, he can engage in independent thinking or in what Rand termed second-handedness.10 (An example of independent thinking would be someone reading a philosophers works and deciding for himself whether they make sense. An example of second-handedness would be someone turning to others to see what they say he should think about the philosophers ideas.) Rands insistence that people should face reality and think for themselves as a matter of unwavering principle is a problembecause many people are afraid to think for themselves. Many people prefer to avoid that effort, to shirk that responsibility, and to passively accept the ideas of their group, their leader, their tribe. Such people will not embrace a philosophy that upholds independent thinking as a fundamental virtue.
This brings us to the mother lode of problems with Ayn Rands philosophyand to the point of the whole thing.
Rands aforementioned principles calling for people to uphold reason, to be honest, and to think for themselves are part and parcel of the moral code she called rational egoism or rational self-interest. This moral code holds that the objective standard of moral value is mans lifeby which Rand means the requirements of human life given the kind of being that humans are. On her view, because humans are rational beingsbeings whose basic means of survival is the use of reasonthat which sustains and furthers the life of a rational being is good (or moral), and that which harms or destroys the life of a rational being is bad (or evil).11
Further, because Rand sees human beings as individualseach with his own body, his own mind, his own lifeshe holds that each individuals own life is properly his own ultimate value. She holds that each individual should choose and pursue his own life-serving values, and that he should never surrender a greater value for the sake of a lesser valuehe should never commit a sacrifice. As she puts it:
Manevery manis an end in himself, not the means to the ends of others. He must exist for his own sake, neither sacrificing himself to others nor sacrificing others to himself. The pursuit of his own rational self-interest and of his own happiness is the highest moral purpose of his life.12
Well, such a moral code clearly will not fly with people who want to maintain the traditional notion that people have a moral duty to sacrifice themselves or their values for the sake of others (i.e., altruism). Nor will it fly with people who feel that they have a moral right to sacrifice other people as they see fit (predation).
Not only does Rand regard both self-sacrifice and the sacrifice of others as immoral; she also regards the use of any form or degree of initiatory physical force against human beings as properly illegal. In her words, the essential characteristics of a civilized society are that men deal with one another, not as victims and executioners, nor as masters and slaves, but as traders, by free, voluntary exchange to mutual benefit; and that no man may obtain any values from others by resorting to physical force, and no man may initiate the use of physical force against others.13
Needless to say, Rands staunch advocacy of voluntary exchange to mutual benefit and her moral opposition to the use of force as a means of obtaining values from people will not fly with people or governments that want to use force to obtain values from people. Criminals who want to steal peoples belongings, commit fraud, rape people, or violate rights in other ways will not embrace a moral code that forbids them to do so. Likewise, governments that want to force people to serve the common good or the community or the master race or some other master will not recognize or uphold a morality that forbids them to initiate physical force against people. And pull-peddling businessmen who want government to forcibly control, regulate, or cripple their competitors will not recognize or uphold a moral code that forbids such coercion either.
This problemRands moral opposition to the use of physical force against human beingslies at the very base of her political theory, where it serves as a bridge between her moral code and her political views. This is where Rands theory of rights comes into the picture. As she put it:
Rights are a moral conceptthe concept that provides a logical transition from the principles guiding an individuals actions to the principles guiding his relationship with othersthe concept that preserves and protects individual morality in a social contextthe link between the moral code of a man and the legal code of a society, between ethics and politics. Individual rights are the means of subordinating society to moral law.14
Rand sees individual rights as the governing principle of a civilized society because she sees rights as deriving from mans nature and as requirements of his life in a social context. She elaborates:
A right is a moral principle defining and sanctioning a mans freedom of action in a social context. There is only one fundamental right (all the others are its consequences or corollaries): a mans right to his own life. Life is a process of self-sustaining and self-generated action; the right to life means the right to engage in self-sustaining and self-generated actionwhich means: the freedom to take all the actions required by the nature of a rational being for the support, the furtherance, the fulfillment and the enjoyment of his own life. (Such is the meaning of the right to life, liberty and the pursuit of happiness.)15
According to Rand, the only proper purpose of government is to protect individual rights by banning physical force from social relationshipsand by using force only in retaliation and only against those who initiate its use.16
Clearly, no one who wants government to do more than that will embrace Rands philosophy. No one who wants government to forcibly redistribute wealth, or to forbid certain kinds of speech, or to forbid certain kinds of consensual adult sex, or to restrict freedom in any other way will embrace a philosophy that demands principled recognition and absolute protection of individual rights.
A final problem worth mentioning about Rand and her philosophy is that she wrote in plain, intelligible English and defined her terms clearly as a matter of course, so that anyone who wants to understand her ideas can do so with relative ease. Toward this end, in addition to presenting her ideas in various nonfiction works, she dramatized them in spellbinding fictionsuch as her novels The Fountainhead and Atlas Shruggedthus enabling people to see her ideas in practice. Well, this will not go over well with modern philosophers or academics who insist that philosophy must be written in academese, technical jargon, or impenetrable fog. Nor will it pass muster with anyone who feels that dramatizing or concretizing ideas in fiction somehow disqualifies them.
We could go on. Rands philosophy involves many additional problems. But the foregoing is a concise indication of the trouble it causes.
So, next time the subject of whats wrong with Ayn Rands ideas comes up, be sure to share this brief sketch of the kinds of problems involved. Its better for people to learn whats wrong with Rands actual ideas than to waste time contemplating takedowns of straw men.
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In sign of the times, Ayn Rand Institute approved for PPP loan – Reuters
Posted: at 5:34 pm
(Reuters) - The institute promoting the laissez-faire capitalism of writer Ayn Rand, who in the novels Atlas Shrugged and The Fountainhead introduced her philosophy of objectivism to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million, according to data released Monday by the Trump administration.
The Ayn Rand Institute: The Center for the Advancement of Objectivism in Santa Ana, California, sought to preserve 35 jobs with the PPP funding, according to the data.
The institute advocates the Russian-American writers philosophy and applies its principles to many issues and events, including ones Rand herself never discussed, according to its website. It focuses on areas that have a long-term multiplying impact on the direction of our culture notably, education and policy debates, the website says.
The institute referred Reuters to a May 15 article, in which board member Harry Binswanger and senior fellow Onkar Ghate wrote that the organization would take any relief money offered from the CARES Act. We will take it unapologetically, because the principle here is: justice, they wrote, adding that the government has no wealth of its own. It can only redistribute the wealth of others.
In Rands novels and works of nonfiction which included The Virtue of Selfishness and Capitalism: The Unknown Ideal she expressed her belief in rational self-interest and the goal of pursuing happiness as a persons highest moral aim.
In a 1962 essay, Rand wrote of seventeenth century French businessmen: They knew that government help to business is just as disastrous as government persecution, and that the only way a government can be of service to national prosperity is by keeping its hands off.
Reporting by Helen Coster; Editing by Aurora Ellis
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‘We Took PPP Funds and Would Do It Again’ – New Ideal
Posted: at 5:34 pm
Social media and major news outlets are ablaze with reports that the Ayn Rand Institute applied for and received funds from the Paycheck Protection Program, established by Congress under the CARES Act for pandemic relief. People are questioning how an educational nonprofit that advocates ending the welfare state can maintain its integrity while accepting a government bailout.
The question is understandable, which is why months ago, before ARI received any funds Institute scholars recorded an explanatory webinar and published an essay (To Take or Not to Take), stating clearly that ARI was applying for funds and explaining why an uncompromising advocate of laissez-faire capitalismabsolutely has a right to take such money as a matter of moral principle.
These explanations are based squarely on Rands philosophy of Objectivism, including statements she made directly on the issue during her lifetime (she died in 1982).
Together these materials provide a factual basis for journalists, commentators and other interested persons to understand the Institutes position.
The Institutes president and CEO, Tal Tsfany, has recorded a short video explaining why the pursuit of PPP funds was a matter of justice for ARIs donors.
SUPPORT ARI: If you value the ideas presented here, please become an ARI Member today.
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Auchter’s Art: The confusing narrative of Betsy DeVos – Michigan Radio
Posted: at 5:34 pm
I feel the need to let you know this cartoon was inspired by the first Betsy DeVos story this week:
Several Democratic-led states and the District of Columbia have joined in a lawsuit against Education Secretary Betsy DeVos, accusing the Trump administration of trying to unlawfully divert pandemic relief funds from public schools to private schools.
I completed it before I realized there was a second Betsy DeVos story:
Education Secretary Betsy DeVos on Tuesday assailed plans by some local districts to offer in-person instruction only a few days a week and said schools must be "fully operational" even amid the coronavirus pandemic.
Now as I write this, I see there is a third Betsy DeVos story:
If schools arent going to reopen, were not suggesting pulling funding from education but instead allowing families ... (to) take that money and figure out where their kids can get educated if their schools are going to refuse to open, Betsy DeVos told Fox News in an interview.
But probably the best Betsy DeVos story this week wasn't actually about her (but might as well have been):
The institute promoting the laissez-faire capitalism of writer Ayn Rand, who in the novels Atlas Shrugged and The Fountainhead introduced her philosophy of objectivism to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million, according to data released Monday by the Trump administration.
I apologize for not being able to keep up.
John Auchter is a freelance political cartoonist. His views are his own and do not necessarily reflect those of Michigan Radio, its management, or its license holder, the University of Michigan.
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Wisconsin school board member asked to resign after posting that ‘George Floyd is drug free for 2 months’ – Milwaukee Journal Sentinel
Posted: at 5:34 pm
The Shawano School Board is calling on a board member to resign after he postedwhat hesaid was "a joke" about the death of George Floyd.
Shawano School Board member Mart Grams wrote on Facebook on Saturday: "You know George Floyd is drug free for 2 months."
The Facebook post was deleted on Monday.
Floyd died in May after a Minneapolis police officer knelt on his neck for more than eight minutes. The video of his deathspawned protests around the world including many marches and protests in Milwaukee, Madison and elsewhere in Wisconsin.
RELATED: See the more than 45 communities in Wisconsin that have had protests against police brutality and racial inequality
Grams emailed Green Bay TV station WBAY a statement on Sunday, calling his Facebook post"A joke, period. Anyone can say it was insensitive, or poor taste, but, once the racist cards come out, the raw hatred, we have a very poorly trained generation who cannot deal with the slightest contradiction to what the (sic) are told."
Shawano School Board members called a special session Sunday evening to condemn Grams' use of "racially derogatory terminology and of his irresponsible statements mocking the death of Mr. Floyd."
The board called on Grams to immediately resign. As of Monday he has not done so, said School Board Vice President Michael Sleeper. Grams did not attend Sunday night's school board meeting
On Monday community members contacted authorities seeking information about how to formally recall Grams from his elected position, Sleeper said in a phone interview.
"Whether that would come to a recall I dont know," Sleeper said.
By Sunday night - before it was removed -Grams' post had drawn more than 800 comments, many of them calling on him to resign or for the school board to force him out.
One commenter wrote, "Contrary to what you tried to pass off as a reason when you spoke to Action Two News, this isn't just a joke nobody understood. It's racist trash."
The school district, in the city of 9,300located 40 miles northwest of Green Bay, issued a statement earlier Sunday to the Green Bay television station saying Grams was speaking as an individual and doesn't represent or reflect the values of other school board members or the school district.
Since Grams is an elected official, the school district said, "under Wisconsin law, the board does not have the authority to remove or to discipline a member of the board. An elected school board member may be removed through the electoral process, including through recall, but not by action of the school board."
But the measure passed by the school board Sunday evening, following complaints about his Facebook post, contends that Grams' conduct is harmful to the school district and its commitment to equal opportunity and treatment.
According to his LinkedIn profile and Facebook bio page, Grams taught civics in the Shawano-Gresham School District from 1987 to 2016 after teaching one year in the Winneconne School District.He was aU.S. Army intelligence specialist from 1976 to 1980. He earned a bachelor's degree in Spanish at the University of Wisconsin-Stevens Point and a master's in history atViterbo University in La Crosse.
His Facebook bio also claims he earned a Ph.D. in economics at Patrick Henry University though when a reporter from the Shawano Leader couldn't find that institution and questioned Grams about it when he ran for school board in 2017, he admitted that he made it up.
Patrick Henry University is a fictional college in Ayn Rand's novel "Atlas Shrugged." His LinkedIn profile says Gramsearned a doctorate of philosophy from Patrick Henry University.
Grams acknowledged toShawano Leader reporter Scott Williams that students had called him "Dr. Grams" for years, but he said he didn't think he misled them by saying he had a Ph.D. from a fictional university.
Everybody knows that theres no such place, Grams said.
When Williams asked how anyone would know he was talking about a fictional university, Gramssaid: I dont know how they would know, unless theyre well-read.
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St. Joseph reaps short-lived cash infusion – News-Press Now
Posted: at 5:34 pm
If you want to download the Small Business Administrations data on 4.9 million coronavirus relief recipients, get ready for a computer crash. Theres that much data.
This spring, the SBAs Paycheck Protection Program provided $520 billion in forgivable loans so small businesses could continue paying employees as the coronavirus became a cement block around the economys neck. Politicians of all stripes demanded more transparency, so details on larger loan recipients were released earlier this month.
Its still transparency even if its granted grudgingly.
The SBA released the names of PPP recipients that received between $150,000 to $10 million in funds, which accounted for about 75% of the companies that took benefits. Companies that received smaller amounts were not identified.
Nationally, it makes for interesting reading. Recipients of coronavirus relief funding include a foundation linked to anti-tax activist Grover Norquist, Ruths Chris steakhouse, the Church of Scientology and friends and family of Jared Kushner, Nancy Pelosi and Kanye West.
Closer to home, the big news isnt powerful connections but the sheer volume of federal money that poured into St. Joseph in a short period of time.
SBA data shows that $48 million to $118 million in federal funding supported 138 St. Joseph companies, from manufacturers, contractors and machine shops to nonprofits and professional services firms. These companies, firms and organizations employed at least 6,000 people, by conservative estimates.
Those were just the largest recipients. In total, 800 St. Joseph businesses may have received funding. Thats not counting those that indirectly capitalized on government stimulus efforts through enhanced unemployment benefits for furloughed employees, all because of the coronavirus.
This suggests an unprecedented level of federal support for the economy. Even the Ayn Rand Institute in California took a check, although its leadership had something deep and philosophical to say about it.
In the coming months, there will be a time to ask hard questions about oversight of the PPP, how this money was spent and whether some of these well-connected recipients took advantage of the system. After all, the PPP was a rush job involving a fire hose of money.
It will be equally important to look at what happens next. The vast sums of the PPP tended to obscure that reality that this program was short-lived, an eight-week bridge to get businesses to the other side of troubled waters.
Theyre there now, but what happens next? On a local level, the list of recipients points not to political influence or scandal but to survival in unprecedented times. The need to survive doesnt go away.
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Tips and Murmurs: Ayn Rand Institute gets government handout – Crikey
Posted: at 5:34 pm
Thank heavens the public purse is so open for the well-connected, and the sky's the limit for Fox's Sky News numbers well they couldn't get much lower.
The invisible hand that feeds The Ayn Rand Institute, committed to preserving the memory of libertarianism's patron saint, has taken a US government loan of up to $1 million.
The institute, which promotes free markets, applied for a loan under the pay cheque protection program, which gives businesses money to keep workers on. The decision was justified, director Harry Binswanger argued, because "it would be morally wrong for pro-capitalists to humbly step aside and watch the new money go only to anti-capitalists".
The Rand people aren't the only opponents of big government crying out for the public purse during a time of crisis. Conservative group Americans for Tax Reform got up to $300,000. So did a group called Citizens Against Government Waste which, along with Americans for Tax Reform, opposed stimulus bills which underpinned the loans.
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Tips and Murmurs: Ayn Rand Institute gets government handout - Crikey
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