A Quick Look at the Differences of PPP in the HEROES Act vs. HEALS Act

While the House of Representatives passed a 4th coronavirus relief bill last May, the Senate House did not put it up for review before Congress went into an August recess. Instead, the Republican majority passed its own version, calling it the HEALS Act, as opposed to the Heroes Act passed by the House in May.

The first distinguishing aspect about the Republucan’s HEAL Act is that the amount being pushed for by the Senate is only $1 trillion, which cuts down the $2.2. trillion of the original CARES Act. In contrast, the House of Representatives is proposing to increase the stimulus fund to $3 trillion.

Although many of the states in the U.S. opened their economies much earlier than what health experts recommended as safe, the premature opening failed to launch many businesses on the road to recovery. The economy hardly improved as the disregard for safe distancing measures only resulted in the rapid increase of COVID-19 infection cases and deaths in most states.

Many commercial establishments also suffered as a result of the protest movements combined with the looting and burning incidents instigated by agitators. Although millions were able to go back to work, millions also lost their jobs. Most nonessential businesses had to close shop again, especially in regions where on a daily basis, tens of thousands had been testing positive with the coronavirus disease.

Congress is about to put the two proposals up for deliberation and hopefully for finalization next week when sessions reconvene. Yet it appears strong oppositions coming from both sides will slow down the legislation processes. A number of Democrats are not too keen on approving additional funds for the contentious Payroll Protection Program (PPP), since reports have it that large take outs went to companies that did not meet the eligibility criteria.

Currently, more than $100 billion of the PPP funds lay unclaimed. Many small business owners are wary that the present on and off reopening will make it difficult for them to meet the forgiveness feature of the PPP loan.

Differences in PPP Proposed by HEROES Act vs. HEALS Act

Inasmuch as the PPP dole outs have been reported as faulty, and with $100 billion still available, House Democrats are not proposing additional funding for the program. Nonetheless, their Heroes Act recommends the elimination of the 75% payroll requirement as forgiveness criterion, whilst moving the application deadline up to December 31, 2020.

On the other hand, the HEALS Act of the Republicans intends to inject an additional $190 billion to the present PPP fund balance. Moreover, if the HEALS Act PPP passes both Houses, eligibility requirements will be expanded in order to qualify those disqualified under the CARES Act. Although the HEALS Act also proposes the elimination of the 75% payroll expense requirement, it also wants to expand fund usage that will qualify PPP borrowers for forgiveness.

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Which Financial Market is most Suited for You?

Financial market refers to a wide marketplace where trading of securities take place which include FOREX market, bond market, derivatives market and the stock market. Financial market plays a critical role to having a smooth operation of economies, particularly the more developed ones.

A Better View of the Financial Market

As mentioned, financial markets play a significant part in foreseeing the operation of capitalist economies which is done by resources allocation and also, by creating liquidity both for entrepreneurs and businesses. The markets make it easier among sellers and buyers to trade their financial holdings. Financial markets are creating security products that offer returns for those who’ve got excess funds or otherwise known as lenders or investors. These funds are then made available to those who are in need of more money, or simply the borrowers.

Then again, investors compare brokers before they get into financial market. These brokers are the one who will be managing their accounts and responsible to grow their money.

Different Types of Financial Markets

Basically, there are different kinds of financial markets that you may or may inform your broker to get into. We will be discussing some of them in the next lines:

OTC Markets

OTC or Over-the-Counter Market is actually a decentralized market. In other words, it doesn’t have physical locations and all of the trading and other transactions are carried out electronically. Therefore, market participants are expected to trade their securities without the presence of a broker.

OTC markets are handling exchanges of stocks that are traded publicly and typically not listed in major stock exchanges.

Bond Markets

Bond is a kind of security wherein investors loan money for set period of time at pre-established rate of interest.

You might think of bonds as a contract between the borrower and lender containing the specifics of the loan as well as its payments. Bonds are being issued by corporations and municipalities, sovereign governments and states to finance operations and projects.

Money Markets

In most cases, the money market is trading products that are highly liquid short-term maturity and also, characterized by high level of safety and low rate of interest. At wholesale level, the money market does involve big-volume trades between traders and institutions. At retail level on the other hand, it includes mutual funds that are bought by the individual investors.

Individuals may opt to invest in money market by means of buying municipal notes, US Treasury bills, short-term certificate of deposit or CDs and so forth.

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Cryptocurrency Trends That Would Influence Cryptocurrency Transactions

In recent years, the cryptocurrency market has developed and gathered a great deal of attention from existing and potential users. Numerous trends have influenced and prompted the adoption of cryptocurrencies, such as making use of them for quick payments as well as to avoid huge transaction fees from intermediaries, whereas others make investments where they hope the values rise.

Cryptocurrency Trends That Would Influence Crypto Transactions

With the various cryptocurrency trends, even more people are now showing interest in cryptocurrency. As per Cambridge Centre for Alternative Finance, about 3 million individuals actively engage in cryptocurrency trading at any period. At present, the industry of cryptocurrency is going through immense transition, while central banks continue to cast their doubts on its integrity. So, what are the principal cryptocurrency trends expected to happen this 2020? Below are a few:

On Cryptocurrency Regulations

While governments around the globe are now recognizing and acknowledging the enormous potentials and possibilities that cryptocurrencies presents, they have begun to draft regulatory structures for cryptocurrencies. Last, year, in the federal agencies’ part, there have been an increasing recognition, awareness as well as understanding that digital currencies are starting to become a fundamental element of the society rather than just a component of it. With the rising interest of governments around the globe on cryptocurrency as well as the recognition of having safe and secure transactions using cryptocurrency, new frameworks on crypto regulation will most likely be presented in many nations such as the United States and China. The regulations on crytocurrency will considerably vary from nation to nation. Currently, digital currencies aren’t regarded as a legal tender.

On Integration of Artifical Intelligence and the Blockchain Technology

Players in the cryptocurrency industry will make plenty of effort with regard to integrating artificial intelligence as well as machine learning into the blockchain technology which would fuel cryptocurrency transactions. As the blockchain uncovers the higher value of artificial intelligence, AI will all the more make transactions using cryptocurrency much safer and securer. In terms of mining for cryptocurrency, crypto miners will have to undergo numerous computing cycles so as to discover a certain block for a certain coin. Hence, the impacts of machine learning arrangements were indirectly utilized in cryptocurrency mining. Several analysts in the crypto industry anticipate an increase in companies to use and maximize the capabilities of the integration and collaboration of these technologies.

On the Halving Events

Halving is the quantity of coins that crypto miners get for adding to the new transactions into the blockchain that is cut in half. From 12.5 bitcoins, this will decrease to 6.25 bitcoins and will again halve with an interval of 210,000 blocks up until the year 2140 where the very last bitcoin is mined. This is to facilitate an upsurge in cryptocurrency demand. The halving event took place in May of this year.

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