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Harvard gets $9 million (despite their $41 billion endowment)

#13

(04-20-2020, 02:14 PM)TJBender Wrote:
(04-20-2020, 08:49 AM)HURRICANE!!! Wrote: MORE FREE MONEY FROM THE GOV GOING TO THE WRONG PLACES.  

The richest university in the US just got $9 million, even though they have an endowment of $41 billion.  In addition to Havard's $41 billion endowment, they ended up with a $300 million surplus in fiscal 2019.

Ruths Chris restaurant just got $20 million as well even though a lot of small businesses are bring turned away for $20k loan requests.  Politically, everyone preaches small businesses but at the end of the day both parties always sell out to the rich and powerful.

The thing about all this and why I kinda sorta understand it is that most chain restaurants and hotels are franchised. It's got the Ruth's Chris name on the sign, but that particular location might be owned by Joe Smith. Ruth isn't hurting, but Joe is, and he needs that loan to make payroll, because the corporate office isn't helping. I'd prefer to see that money go directly to the franchisees and not the company, but to look at a Days Inn sign and say that hotel is doing fine and shouldn't get any stimulus funds shows a lack of understanding of how franchises work. Days Inn is fine. That particular Days Inn has probably laid off most of its staff to keep the lights on.

(04-20-2020, 12:17 PM)StroudCrowd1 Wrote: Ruths Chris steak > Outback steak

It's an experience. Nobody likes a cheapskate.

Says the guy who's whining because his $200k income means he doesn't get a $1,200 Inflation Day present.

My complaint was that the government assumes people in a certain income bracket do not experience hardships from a pandemic.

Let me break it down for you like this. Let's say hypothetically I make 200K a year and 75% of that 200K is from rental property income. When judges won't take eviction cases and people stop paying rent because some talking head on TV thought it was a good idea that directly impacts said person making 200K a year.

See how that whole trickle down thing can impact people making too much to qualify for stimulus relief?
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RE: Harvard gets $9 million (despite their $41 billion endowment) - by StroudCrowd1 - 04-20-2020, 02:19 PM



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