FEI Weekly

August 3, 2020

Could the PPP deadline be extended beyond August 8?

The Complicated Story Behind Microsoft's Halted TikTok Talks

Fox Business

As Microsoft considers a buyout of social media app TikTok, officials from the big tech company and well as executives representing TikTok have been in discussions with the White House to prevent the Trump administration from issuing a complete ban of the app. The Trump administration has been weighing TikTok's fate since last year, launching an investigation into the short video company amid fears that its Bejing-based parent Bytedance shares customer information with the Communist Chinese government.

Could The PPP Deadline Be Extended Beyond August 8?

Forbes

Both the House Democrats and the Republican Senate have proposed a PPP extension through the end of 2020 and some revisions.Given that there’s $130 billion left (any unallocated money would go back to the US Treasury), another extension is possible. But why risk it? Apply now.

Should You Delay Retirement?

Motley Fool

It's not surprising to learn that 19% of U.S. adults now intend to push back their retirement date, according to a new Nationwide survey. If you didn't take a retirement plan withdrawal during COVID-19 but you stopped making contributions to your IRA or 401(k), aim to play catch-up and increase your savings rate once you're back to work or your full income is restored. And again, this may require you to get a second job, but if you do so temporarily, it could work wonders for your financial picture.

PPP: Why Millions Went to Chinese-Owned Businesses

Chicago Tribune

Millions of dollars of U.S. taxpayer money have flowed to China from the $660 billion PPP that was created in March to be a lifeline for struggling small businesses in the United States. Because the economic relief legislation allowed U.S. subsidiaries of foreign firms to receive the loans, a substantial chunk of the money went to America’s biggest economic rival, a new analysis shows.

Active Listening in the Time of Zoom

LinkedIn

To stop yourself from interrupting and start actively listening, try these three tips: 1. Take notes. 2. Focus on your breath. 3. Pretend you’re interviewing the person. When you stop interrupting and truly listen, you’ll open yourself up to new levels of compassion, empathy, and trust with your teams.