Post New Article

Ruth's Chris Steakhouse owner says
it will repay $20 million in small
business loans after Treasury issues
new guidelines on public companies
seeking funds

Original Article

Posted By: Ribicon, 4/23/2020 10:49:53 PM

Ruth's Chris Steak House announced Thursday it will return the $20 million it received in coronavirus small business loans. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House brand, procured two $10million loans from the government's $350 billion Paycheck Protection Program this month. The chain was met with fierce criticism for using loopholes in the PPP system to secure funding, leaving the small business applicants it was designed for high and dry.(Snip) In updated guidance issued Thursday, the Treasury Department said it was 'unlikely that a public company with substantial market value and access to capital markets' could demonstrate that the loan was needed.

Comments:

Far from patriotic during these dire days; the lowly rabble prays for rain while the high rollers elbow their way to the head of the trough.

Post Reply

Reply 1 - Posted by: chumley 4/23/2020 11:08:53 PM (No. 389497)
I never heard of these crooks except Hannity used to advertise them several times an hour, day in and day out, seemingly forever. I guess I just figured they were a local chain somewhere because I've never seen one. So these loans were intended for small businesses, and big businesses jump to the front of the line to steal someone else's share. No wonder so many hate them so bad and cheer when they fail.
3 people like this.

Reply 2 - Posted by: jalo1951 4/23/2020 11:37:22 PM (No. 389507)
Indy has has one. It has excellent food. They are certainly not a small business and should not applied for this money. Shame on them (and Harvard who has billions in trust). I want to know who approved these loans? I assumed there were some guidelines with certain boxes that must be checked before they would even be considered. I would have thought the name Harvard would have caught my attention.
4 people like this.

Reply 3 - Posted by: ColonialAmerican1623 4/23/2020 11:56:57 PM (No. 389513)
When exactly are they and the universities returning the money ?
0 people like this.

Reply 4 - Posted by: DVC 4/24/2020 12:02:50 AM (No. 389518)
Good. I had heard the name before, never ate there, actually, I've never even seen one.
1 person likes this.

Reply 5 - Posted by: judy 4/24/2020 1:17:19 AM (No. 389550)
The rich are greedy. Gee don’t they state the maximum $$ on the loan application. What do they consider small business? Harvard now Ruth Chris ...next....they have good food...high priced ...
1 person likes this.

Reply 6 - Posted by: bighambone 4/24/2020 2:10:39 AM (No. 389562)
This is what happens when Congress passes a big money handout bill with immediate emergency disbursement of large amounts of funds before implementing federal regulations and procedures are written and placed in force. The Democrats love that, as it gives them a basis to fraudulently blame President Trump.
2 people like this.

Reply 7 - Posted by: 3XALADY 4/24/2020 8:24:43 AM (No. 389744)
Government obviously had monkeys handing out this money. There is no other explanation.
2 people like this.

Below, you will find ...
Most Recent Articles posted by "Ribicon"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by Ribicon"
Trump: Postal Service must
charge Amazon more, or no loan
22 replies
Posted by Ribicon 4/25/2020 12:59:56 PM Post Reply
Washington—President Donald Trump said Friday that he won’t approve a $10 billion loan for the U.S. Postal Service unless the agency raises charges for Amazon and other big shippers to four to five times current rates. “The Postal Service is a joke because they’re handing out packages for Amazon and other internet companies and every time they bring a package, they lose money on it,” Trump told reporters in the Oval Office. The president was responding to a question about reports his administration plans to force major changes in postal operations as the price for approving a $10 billion loan that was included in the government’s $2 trillion economic rescue package.
New clip emerges of Joe Biden sexual
assault accuser Tara Reade's mother
phoning Larry King 27 years ago to
ask if her daughter should go to the
press about a 'prominent senator'
9 replies
Posted by Ribicon 4/25/2020 11:31:42 AM Post Reply
A 1993 clip has emerged of the mother of Vice President Joe Biden's sexual assault accuser speaking to CNN's Larry King about her daughter's alleged assault. The video appears to back former Biden staffer Tara Reade's claims that she told her mother about the harassment related to her boss 27 years ago. Reade filed an official criminal complaint against the now presumptive Democratic presidential frontrunner on April 9, accusing Biden of shoving his hand under her skirt and penetrating her with his fingers while they stood in a senate corridor, an accusation he denied. The latest evidence to emerge shows Reade's mother Jeanette Altimus calling
AutoNation, a Fortune 500 auto
retailer worth $3billion, received
nearly $95million in PPP funds by
using separate tax IDs to apply
for loans at dozens of dealerships
21 replies
Posted by Ribicon 4/24/2020 9:22:16 PM Post Reply
A Fortune 500 auto company worth $3billion received nearly $95million in federal small-business funds, almost double the amount of any company that received money through the Paycheck Protection Program. The $95million received by AutoNation is said to have been spread among dozens of their more than 300 locations and intended to use the funds to help employees. Funds for PPP ran out last week, with thousands of small businesses left without a dime. AutoNation Executive Vice President Marc Cannon said that the company's board voted on Thursday to return the funds, the Washington Post reports.(Snip) More than 81 locations received loan money,
Minneapolis grants noise permit
for 'historic' Ramadan call
to prayer in major U.S. city
38 replies
Posted by Ribicon 4/24/2020 4:02:28 PM Post Reply
Muslims in Minneapolis say they are thrilled with a “historic” moment for the community—a call to prayer called the adhan echoing throughout a major U.S. city. Imam Abdisalam Adam, who is on the board of the Dar al-Hijrah mosque, along with others spoke with Al Jazeera on Friday about the Ramadan milestone. “There’s definitely a lot of excitement. Some people see it as historic,” he said Friday.(Snip) A noise permit was granted for the prayer, although locals say more can be done for the Muslim community. “Right now, we’re waiting for a bailout for our micro-businesses who comprise our Somali malls,
Seattle Times, Tampa Bay Times, Axios
receive coronavirus rescue loans
12 replies
Posted by Ribicon 4/24/2020 3:49:59 PM Post Reply
The feds granted a trio of news outlets millions of dollars in small-business rescue loans as the coronavirus crisis battered the media industry. The Seattle Times, the Tampa Bay Times and political news website Axios received multimillion-dollar, government-backed loans through the $349 billion Paycheck Protection Program, which aims to help small businesses retain jobs amid the pandemic. The Seattle Times Co. got $9.9 million that will reportedly help its eponymous newspaper avoid laying off workers and cutting hours during the crisis, according to company president and chief financial officer Alan Fisco. “This is a lifeline for us for the next 60 days,”
Undocumented immigrants can’t
collect unemployment. Gov. Murphy
considering $600-a-week fund.
26 replies
Posted by Ribicon 4/24/2020 3:16:43 PM Post Reply
In the midst of the coronavirus pandemic, Felix Gallardo still left her Passaic apartment every day to head to her job at a local warehouse. Once she started coming down with covid-like symptoms, the single mother said she had to quit her job, which didn’t offer sick leave. She can’t collect unemployment and isn’t eligible for the federal stimulus check because of her immigration status. Gallardo and more than 500,000 other undocumented immigrants, some legally residing in New Jersey, comprise the vulnerable community being crushed by the coronavirus pandemic, exacerbated by inequities and barriers, according to a new report released Thursday.
Former MI-6 operative Christopher
Steele says his anti-Trump
dossier records destroyed
13 replies
Posted by Ribicon 4/24/2020 10:03:37 AM Post Reply
Christopher Steele says his computer records for research to write a Democratic Party-financed anti-Donald Trump dossier no longer exist. He made the disclosure in a deposition last month for a law suit brought by three Russian oligarchs who own Alfa Bank, the country’s largest commercial bank. Mr. Steele, in his 35-page dossier that accused President Trump of leading a Russian conspiracy to interfere in the 2016 election, linked the three bankers to the Kremlin computer hacking and social media war against Hillary Clinton. The three deny the allegation found in dossier report No. 112 and have sued Mr. Steele,
Luxury Hotel Company Is Biggest
Beneficiary of Small-Business Funds
0 replies
Posted by Ribicon 4/23/2020 11:04:50 PM Post Reply
Hotels, luxury resorts and management companies that funnel money back to a single company have secured about $53 million in federal virus aid, the largest known amount to benefit one firm and the latest example of how the government’s small business relief program is also helping big companies. Ashford Inc., an asset management firm based in Dallas, makes money partly by advising two real estate investment trusts: Ashford Hospitality Trust and Braemar Hotels & Resorts, which together own more than 100 properties. Those companies reported in public filings that their hotels had received millions in forgivable loans through a government program meant to help small businesses.
Ruth's Chris Steakhouse owner says
it will repay $20 million in small
business loans after Treasury issues
new guidelines on public companies
seeking funds
7 replies
Posted by Ribicon 4/23/2020 10:49:53 PM Post Reply
Ruth's Chris Steak House announced Thursday it will return the $20 million it received in coronavirus small business loans. Ruth's Hospitality Group, which owns the Ruth's Chris Steak House brand, procured two $10million loans from the government's $350 billion Paycheck Protection Program this month. The chain was met with fierce criticism for using loopholes in the PPP system to secure funding, leaving the small business applicants it was designed for high and dry.(Snip) In updated guidance issued Thursday, the Treasury Department said it was 'unlikely that a public company with substantial market value and access to capital markets' could demonstrate that the loan was needed.
Wuhan laboratory scientists 'did
absolutely crazy things' to alter
coronavirus and enabled it to infect
humans, Russian microbiologist claims
15 replies
Posted by Ribicon 4/23/2020 3:40:19 PM Post Reply
A leading Russian microbiologist has claimed the coronavirus is the result of Wuhan scientists doing 'absolutely crazy things' in their laboratory. World renowned expert Professor Petr Chumakov claimed their aim was to study the pathogenicity of the virus and not 'with malicious intent' to deliberately create a manmade killer. Professor Chumakov, chief researcher at the Engelhardt Institute of Molecular Biology in Moscow, said: 'In China, scientists at the Wuhan Laboratory have been actively involved in the development of various coronavirus variants for over ten years. 'Moreover, they did this, supposedly not with the aim of creating pathogenic variants, but to study their pathogenicity.
U.S. threatens WHO with
permanent cash cutoff
10 replies
Posted by Ribicon 4/23/2020 12:11:12 PM Post Reply
Secretary of State Mike Pompeo says the U.S. may “never return” to funding the World Health Organization because of the way it operates, including the COVID-19 crisis. And, in a second demand, Mr. Pompeo told Fox News’ Laura Ingraham Wednesday night that WHO Director-General Tedros Adhanom may have to step down before Washington restarts suspended contributions of nearly $1 billion of WHO’s 2.4 billion annual budget.(Snip) President Trump cut off funds after what the administration believes were a series of WHO actions that dovetailed with communist China misleading the world on the spread of coronavirus in the city of Wuhan and elsewhere
Please support local journalism.
Our industry is hurting, and we
need you more than ever.
42 replies
Posted by Ribicon 4/23/2020 11:16:22 AM Post Reply
For a moment Tuesday, everything was wonderfully normal during a quick run to our Woodbridge office for supplies. The lights in the entryway danced off our three Pulitzer prizes, there was a sign on a broken coffee machine and my mailbox was overflowing with letters and magazines. It felt like any other day in the office until I turned a corner and walked into our newsroom. That’s when it hit me: The place was empty and dark.(Snip) Our parent company, Advance Local, announced furloughs and temporary pay cuts. We also will temporarily lose the company’s 401k match, but we avoided layoffs.
Most Active Articles (last 48 hours)
Brit Hume: Time To Consider Lockdown
Possibly ‘A Colossal Public Policy Calamity’
58 replies
Posted by ladydawgfan 4/24/2020 1:24:52 AM Post Reply
Earlier this week, Fox News’ Brit Hume suggested it’s time we consider lockdown policy as possibly being “a colossal public policy calamity.” Speaking to Shannon Bream on Fox airwaves Tuesday night, Hume discussed the disastrous side effects of stay-at-home orders adopted by nearly every state in the union, highlighting the irreparable harm done to the folks’ livelihood and savings, and the social toll the isolation has caused, particularly for children, who are at extremely low risk for novel coronavirus. To boot, emphasized Hume, it’s unclear how effective lockdown policies have actually been, especially when compared to other, more sustainable mitigation strategies.
New York will suffer $13.3 billion
revenue shortfall from original
forecast due to coronavirus, Cuomo says
39 replies
Posted by NorthernDog 4/24/2020 6:27:12 PM Post Reply
Gov. Andrew Cuomo said Friday that New York will report a $13.3 billion shortfall in revenue compared with its original forecast — representing a 14% decline in the state’s projected receipts. The Empire State, which has been hit harder by the coronavirus pandemic than anywhere else in the U.S., currently forecasts $61 billion in total lost revenue between fiscal years 2021 and 2024, Cuomo said. “What you’re going to see is what we expected,” Cuomo said at a press conference, referring to the state’s assessment of the virus’ economic impact. The projections offer a glimpse into the devastating financial toll
More than 200 black women urge Biden
to pick black woman as running mate
39 replies
Posted by NorthernDog 4/24/2020 4:59:30 PM Post Reply
Washington - More than 200 black women on Friday signed an open letter to presumptive Democratic presidential nominee Joe Biden urging him to pick a black woman as his running mate. Biden has said he will choose a woman to be his vice presidential nominee, and has named several black women in conversations about who he may pick to be on the ticket. The letter, signed by black women working in both the public and private sectors, lists several potential candidates: former Georgia gubernatorial candidate Stacey Abrams, California Rep. Karen Bass, Florida Rep. Val Demings, Ohio Rep. Marcia Fudge, California Sen.
Minneapolis grants noise permit
for 'historic' Ramadan call
to prayer in major U.S. city
38 replies
Posted by Ribicon 4/24/2020 4:02:28 PM Post Reply
Muslims in Minneapolis say they are thrilled with a “historic” moment for the community—a call to prayer called the adhan echoing throughout a major U.S. city. Imam Abdisalam Adam, who is on the board of the Dar al-Hijrah mosque, along with others spoke with Al Jazeera on Friday about the Ramadan milestone. “There’s definitely a lot of excitement. Some people see it as historic,” he said Friday.(Snip) A noise permit was granted for the prayer, although locals say more can be done for the Muslim community. “Right now, we’re waiting for a bailout for our micro-businesses who comprise our Somali malls,
Donna Brazile: It’s wrong to protest
coronavirus restrictions keeping us at
home – Saving lives is priority
36 replies
Posted by mc squared 4/24/2020 1:45:38 PM Post Reply
We all know the old saying that tough times bring out both the best in people and the worst in people. And right now, the coronavirus pandemic has brought tough times to literally billions of us all around the world. For a vivid illustration of both the best and worst response to the pandemic, you have to look no further than the rash of small but disturbing protests taking place intermittently around the U.S. against shelter-in-place orders that are saving lives. We’ve witnessed the sad spectacle of irate protesters equating “liberty” with shortsighted and selfish urges to deny the harsh reality that the vast majority of Americans are doing their
The Multi-Talented Ms. Abrams 36 replies
Posted by Pluperfect 4/24/2020 5:07:24 AM Post Reply
Most politicians in the running to join a presidential ticket as the VP candidate are inclined to stay silent, change the subject, or simply express their humility at the thought of being considered. Stacey Abrams isn't most politicians. "I would be an excellent running mate," Abrams said in a recent interview with Elle magazine, citing her "strong history of executive and management experience," as well as her "25 years in independent study of foreign policy." As soon as it became clear that former vice president Joe Biden would be the Democratic Party's nominee for president, Abrams embarked on a media tour to make the case for why Stacey Abrams,
Nancy Pelosi: Democrats Will Hold Hearing
on Dismissal of Dr. Rick Bright—‘This Is
Explosive’
33 replies
Posted by Imright 4/24/2020 5:25:20 PM Post Reply
Appearing Friday on MSNBC, House Speaker Nancy Pelosi (D-CA) said Democrats will hold a hearing about the dismissal of Dr. Rick Bright, the government vaccine expert who alleges he was removed from his post due to his opposition to the promotion of hydroxychloroquine to treat the Chinese coronavirus.(Video) A partial transcript is as follows: Andrea Mitchell: Madame Speaker, when [President Donald Trump] suggested yesterday — he said, “We’ll have a cure soon,” but at the same time, according to an upcoming whistleblower complaint that we understand from Dr. [Rick] Bright, who was removed from his position in charge of the vaccination research effort,
Whitmer Sent Unpleasant Text Messages
To Dem Lawmaker Who Thanked Trump for
Her Coronavirus Recovery
31 replies
Posted by ladydawgfan 4/25/2020 1:48:48 AM Post Reply
On Fox News Friday night, Michigan State Representative Karen Whitsett told Tucker Carlson that text messages she's been receiving from Governor Whitmer have not been pleasant ever since the Democratic state lawmaker credited President Trump for her personal recovery from the Wuhan coronavirus. The lawmaker now faces a censure from her Democratic colleagues for crediting the president for her recovery. Tucker Carlson asked Whitsett if the governor ever called the representative to simply say, "I'm so glad you didn't die?" "Actually, it was not as pleasant as that," Rep. Whitsett began, "and the text messages that we have had since then have not been as pleasant as well."
Elites go to war on homeschooling
— just when everyone’s doing it
30 replies
Posted by Pluperfect 4/24/2020 4:35:21 AM Post Reply
We’re all homeschoolers now. Schools have closed for more than 55 million students nationwide, and at least 34 states have shuttered schools for the rest of the academic year. Just in time, our media and academic elites are coming out swinging against homeschooling. The Washington Post and ­Salon have raised questions about the practice lately. More alarming, Harvard Magazine this week unleashed a thoroughly unfounded attack on homeschooling, drawing on the work of Harvard University law professor Elizabeth Bartholet.
‘It is impossible to overstate the pain’:
Fight against coronavirus will define our
era, Bill Gates says
29 replies
Posted by Ron_lfp 4/25/2020 11:37:17 AM Post Reply
The novel coronavirus pandemic will define the modern era in the same way World War II shaped an earlier generation, Microsoft co-founder Bill Gates says in a 11-page memo outlining his ideas on how best to tackle the disease. “This is like a world war, except in this case, we’re all on the same side,” he writes. The Bill & Melinda Gates Foundation has committed $250 million to the battle and Gates has been speaking up regularly to influence its direction — something that has sometimes placed him at odds with President Donald Trump and made him a target of right-wing pundits and conspiracy theorists. Gates’ memo barely mentions politics,
'View' Admits Worse Economy Gets, More
Biden Has to 'Benefit' at Election: He'll
'Take Care of Us'
28 replies
Posted by Imright 4/24/2020 5:29:06 PM Post Reply
The hosts of The View are doing their best to prop up Joe Biden’s presidential campaign, even offering him free advice and future media appearances on their show. After Joy Behar confidently claimed Biden could disappear and still win the election, she had a change of heart on Friday’s show, saying that he needed more media air time to counteract Trump’s “bloviating.” Each host fawned over the “sane” and “stable” Biden as their dream president.At one point, Meghan McCain even admitted that more people losing their jobs
Joe Biden: Trump Will Come Up
with Plan to ‘Kick Back’ Election
28 replies
Posted by Imright 4/24/2020 11:06:53 AM Post Reply
Former Vice President Joe Biden, the presumptive Democrat presidential nominee, speculated during a Thursday virtual fundraiser that President Donald Trump will attempt to delay the election in November.“Mark my words I think he is gonna try to kick back the election somehow, come up with some rationale why it can’t be held,” Biden told attendees at the event billed “A Fabulous Evening With Vice President Joe Biden,” according to a pool report.“Imagine threatening not to fund the Post Office. Now what in God’s name is that about?” he added. “Other than trying to let the word out that he’s going to do all he can to
Post New Article