Video Index (with direct links)
0:37 – Overview of the new proposed stimulus package, the HEROES Act
1:24 – The wheels on the omnibus go round and round
2:07 – Possible California relief funds for renters and property owners
4:50– AMC Theaters’ potential purchase by Amazon, plus the only theater where you can watch a movie in SoCal
5:37 – Mystery shopping in Dallas and LA to check on retailers’ compliance to Coronavirus protocols
7:28 – Nationwide survey results for rent collection from mom and pops retail establishments
- Direct stimulus checks of $1200 per person, including adults and children, up to $6,000 per household. This would be a one-time payment like the prior stimulus check, so not a recurring monthly payment as had been proposed. The income limit would be $75,000 per person, and $150,000 per married couple, with a gradual lowering of payments if you make more than that.
- For small businesses, an additional $10 billion would be allocated for the Economic Injury Disaster Loan, and Paycheck Protection Programs.
- $175 billion would be set aside for a Homeowner Assistance Fund. The funds would be distributed to individual states, who could use the money for homeowner or renter assistance.
- For renters, there is a section, that states that there will be a moratorium on residential evictions on 1-4 units for 12 months after the bill passes.
- For homeowners, there is automatic forbearance on loans, up to 12 months.
- Extension of the $600 per week federal unemployment benefit through January 2021, since the benefit from the original CARES act expires in July.
- There are many other provisions, including funds for medical professionals and other essential workers who have been putting their lives on the line to work.
Two proposed relief funds for Californians
AMC Theaters being bought by Amazon?
Mystery Shopping in Dallas and Los Angeles
- On the weekend that stores were allowed to open, only 36% of buinesses chose to open on the opening weekend. It appears there is still a lot of fear among the public to go out shopping or to restaurants.
- 96% of businesses were non compliant with the governor’s madatory safety protocols, and one-third of the businesses were less than 50% compliant with the mandatory protocols.
- ON average, 60% of the mandatory protocols were followed and 54% of suggested protocols were followed. Here is a link to the actual state safety protocols.
- Different franchisees within one franchise had wide variability from one to another. One would think that a parent company would want to standardize procedures among their franchisees, like they do with food, but this was not the case in this first round of mystery shopping.
May’s retail rent collections from small businesses
Email: [email protected]Links:
One page summary of the HEROES Act:
https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/documents/Heroes%20Act%20One%20Pager.pdfFull text of the HEROES Act: