The DePaulia

Congress passes $2 trillion coronavirus relief act

In this Thursday, April 2, 2020 file photo, Jovita Carranza, administrator of the Small Business Administration, speaks about the coronavirus in the James Brady Press Briefing Room of the White House n Washington, as Vice President Mike Pence, President Donald Trump listen. Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare for the deluge. Small businesses will be seeking loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic.

Ernesto Hernandez, Contributing Writer

April 4, 2020

On March 27, in an effort to stimulate the economy and provide relief for those affected by the coronavirus pandemic, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, offering trillions in aid. The $2 trillion stimulus package received a unanimous vote in the Senate l...

Financial pain deepens as nearly 60 countries report coronavirus cases

A man wearing a mask walks past an advertisement for the Tokyo Disney Resort at a train station in Urayasu, near Tokyo, Friday, Feb. 28, 2020. The amusement park will be closed from Feb. 29 until March 15 in an effort to prevent the spread of COVID-19.

Associated Press

February 28, 2020

TOKYO (AP) — A deepening health crisis became an economic one too Friday as the coronavirus outbreak sapped financial markets, emptied shops and businesses and put major sites and events off limits. The list of countries hit by the illness edged toward 60 as Mexico, Belarus, Lithuania, New Zealand,...

New institute aims to boost number of women entrepreneurs

New institute aims to boost number of women entrepreneurs

Katelyn Henslin, Contributing Writer

November 12, 2018

Leaders in DePaul University’s new Women in Entrepreneurship Institute – the only one of its kind nationwide – have created their own successful businesses and now want to help other women leap past their biggest remaining hurdle: access to capital. The organization cites the lack of representation...

Mass layoffs affect the country

Ally Zacek | The DePaulia

Connor Kennedy, Contributing Writer

January 22, 2018

A fresh round of layoffs was announced by Carrier and Walmart last week, occurring at a time when the economy seems to be doing well by most other metrics. Carrier, a corporation that primarily manufactures air conditioners, laid off 215 workers on Jan. 11 at an Indiana plant. These layoffs are the m...

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