Impact of COVID-19 Pandemic: Government Relief Package and the Likely Mis-Allocation of Loans in Pakistandoi:10.2139/ssrn.3572718COVID-19 PandemicPakistan BanksFinancial RegulationPerverse IncentivesDeposit Protection SchemeCapital Adequacy RatioThis study argues the likely misallocation of capital in ...
The company also offered a service where people could pay a fee to receive expedited PCR test results MORE: House Republicans kick off fraud investigation into billions in COVID pandemic relief money Between February 2021 and February 2022, Alvi and others at his company al...
A new report from the federal watchdog found that several relief programs potentially disbursed nearly $100 billion in fraudulent relief money.
In this case (as it often is) the original culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID relief" and "infrastructure." Put simply, the federal government flooded the economy with money, and it spread ...
The funding for the free tests will come from money that was left over from a past supplemental COVID bill. Though the debt ceiling deal reached over the summer between President Joe Biden and Republicans did claw back about $30 billion in unspent COVID relief funds, officials said there was...
…The hotels were pressured into accepting the homeless guests, though they were also eager for the chance to recoup some revenue lost to the Covid-19 lockdowns. …The city-sponsored guests also receive personal grooming, sanitary, and cleaning supplies, three delivered meals, and laundry ...
The U.S. has not yet finished spending the funds from the last rounds of COVID relief. Sadly, combating the virus and its economic impact is merely the tip of this latest $1.9 trillion fiscal iceberg. The bulk of the spending in the “American Rescue Plan Act of 2021” goes to a col...
The COVID-19 pandemic threatens to derail progress achieved in sustainable development. This study investigates the effectiveness of government policy responses to the COVID-19 pandemic, namely the number of deaths. Using the Oxford COVID-19 Government Response Tracker (OxCGRT) dataset for a global...
The biggest government bailout in history was the response to the COVID-19 pandemic. According to official U.S. government tallies as of July 31, 2024, the U.S. had spent a total of $4.65 trillion on a variety of programs related to COVID-19 relief.38 What Was the First Big Govern...
Stimulus programs give Americans money to spend and pay their bills, staving off personal financial crises and stimulating the economy.Federal relief is another category in which debts are written off to help companies and individuals. The scope of such measures has varied, with some single-company...