Amara Omeokwe

speaker

439 appearances 11 recordings 1 series first heard Mar 2020 last heard Dec 2023

Amara Omeokwe’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · In the 'Great Resignation,' Older Workers Lead the Way · 5 Nov 2021 podcast

And so this is a question for the economy, whether we're going to be engaged in sort of this spiral where we see inflation rise, then we see wages rise.

And because inflation is rising, you know, employers need to raise wages even more and whether we get into this cycle.

So that's an open question for the economy.

WSJ Your Money Briefing · Billions in Small-Business Forgivable Loans Are Still Available · 5 Mar 2021 podcast

The Biden administration is particularly concerned about the very small businesses, so those businesses that have fewer than 20 employees, and businesses that are helmed by sole proprietors, independent contractors, self-employed workers.

The administration has really said that it wants to help those kinds of businesses access the program better.

Thanks for having me.

Well, J.R., it's actually more than $100 billion that is untouched right now.

And the Biden administration is particularly concerned about the very small businesses, so those businesses that have fewer than 20 employees, and businesses that are helmed by sole proprietors, independent contractors, self-employed workers.

The administration has really said that it wants to help those kinds of businesses access the program better.

And the concerns about those businesses sort of stems back to last year when the Paycheck Protection Program first opened.

You may remember that very small businesses, those that are a little bit less sophisticated, that don't have access to accountants and consultants, they really struggled to navigate the program and all the rules and all the changing guidelines.

And also, businesses that didn't have existing relationships with lenders, especially at the beginning of the Paycheck Protection Program, really had trouble accessing the program because, of course, the loans are issued by lenders themselves.

And so all of these things are now playing into what the Biden administration says it wants to do to help these businesses better access the program.

So the Biden administration recently announced several changes.

One of the things that they rolled out was a 14 day window when only businesses with 20 or fewer employees can actually be approved for the Paycheck Protection Program loans.

And so that 14 day period is ongoing and it ends on March 9th.

The other thing that they did is they revamped the way that sole proprietors, independent contractors and self-employed workers can calculate their loan amount.

So previously, the loan amount calculation relied on net profit.

And so a lot of these very small businesses with few or no employees, if they showed a loss for their net profit, they could only get a very small or no PPP loan.

So now the administration has tweaked the formula so that these businesses can focus instead on gross income.

Showing 161–180 of 439 · page 9 of 22