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" ... According to its financial disclosures, as of Sept. 30, the PPP loan was still sitting in company coffers. Says Velodyne in a Nov. 9 filing, “The principal and accrued interest are forgivable after 24 weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels and that approval is received from the relevant government entity. The unforgiven portion of the PPP Loan is payable in two years at an interest rate of 1% per annum, with a deferral of interest payments for the first six months.” (Velodyne didn’t respond to an email seeking comment). ... "
" ... As more people leave, the city coffers go empty, as there's not sufficient tax revenue. Consequently, public services deteriorate. This means less police, teachers, firefighters and other municipal workers. The cities will become more violent, filled with brazen criminals, dirty streets, unstable homeless people who left on their own without medical assistance and the proliferation of drug dealing and addicts. It's already happened in New York and San Francisco. ... "
" ... This year, Barcelona and Real Madrid’s coffers are rather empty, and unless they can find a fresh supply of cash, don’t expect any nine-digit signings. ... "
" ... With considerably less money rolling into the city’s coffers, it pushed de Blasio into a precarious position. He’s left with no good choices and has to select from the least-worst options. The mayor will have to cut thousands of municipal jobs to save money. This means that there will be far fewer police officers, firefighters, garbage collectors and teachers. ... "
" ... With the pandemic hitting the coffers of all clubs, a quiet January transfer window is expected. That said, if any clubs are going to spend, these two have ample resources. ... "