Jim VandeHei
Jim VandeHei
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Axios returns PPP loan

Axios returns PPP loan

Editor's note: Axios has returned the loan. Details .Axios is among the small businesses that qualified for a PPP loan to protect existing jobs and help weather the coronavirus crisis.Why it matters: We are in the somewhat unique position of being both a media company, which covers government and business, and a job-creating small business with a national presence. So we wanted to be fully transparent about our thinking. The second round of Payroll Protection Program loans for small businesses got under way Monday — and disparities between the haves and the have-nots are becoming more...

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Jim VandeHei
Apr 28
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The ugly side of politics emerges in the coronavirus reopening battle

The ugly side of politics emerges in the coronavirus reopening battle

Hundreds gathered for a "reopen" rally yesterday in Harrisburg, Pa. Photo: Nicholas Kamm/AFP via Getty ImagesBrace yourself for a very predictable next phase of the coronavirus crisis: the deeply partisan, parallel universe reaction to what America should do next.Why it matters: Republicans and Democrats experienced very different realities with the emergence of the virus.You saw this last night with President Trump a ban on legal immigration, an extraordinary move most Republicans will rally around. Flattening the curve "is now one of the most contentious issues in politics," the N.Y....

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Jim VandeHei
Apr 21
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The long-term price of the pandemic is just barely beginning to emerge

The long-term price of the pandemic is just barely beginning to emerge

Photo: Evan Vucci/APEven if you believe every optimistic scenario about how the coming months could unfold, America is still looking at a hole in our finances and society that could take generations to dig out of.Why it matters: President Trump and his top officials keep telling viewers that the economy will come roaring back within months of getting the virus under control. But the long-term price of the pandemic is just barely beginning to emerge.Consider these projections, just three months into the crisis — with untold months of twists and pain ahead: Business borrowing also is setting...

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Jim VandeHei
Apr 19
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