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For Would-Be PPP SMBs, Fear The Audit, Skip The Funding?
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Before the forgiveness … comes the audit. And audits, as we all know, strike fear into the hearts of, well, pretty much everyone, whether financial wrongdoing has been in the cards or not. It’s not outside the realm of possibility that would-be Paycheck Protection Program (PPP) borrowers might shy away from submitting applications, with a mindset that the regulatory scrutiny just isn’t worth it. As reported earlier this week, Treasury Secretary Steven Mnuchin said PPP loans for more than $2 million would face full audits, while smaller loans could face spot checks. “One of the things that will be required...
Ellen Marie Bennett’s $3 Storage Hack Works Wonders in Her Small Kitchen
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Ellen Marie Bennett has been staying extra-busy during quarantine. The founder of culinary workwear brand Hedley & Bennett was one of the first to pivot her business to make fabric masks to help end the medical supply shortage. And when she’s not working on this new venture, she’s at her home in Los Angeles’s Echo Park, cooking up a storm. As Bennett took us on a tour of her small space during a recent Instagram Live session, she shared a few clever organizing tricks along the way. Lesson number one? Stock up on S-hooks. Rather than shove her pots and...
Rocket Lab, the world’s most prominent dedicated small satellite launcher, has made significant headway on plans to recover and reuse the booster stage of its Electron rocket, meaning that SpaceX’s reusable Falcon rockets could finally have company.
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Recovering a booster is perhaps where all similarities end, however. While the SpaceX Falcon 9 gracefully guides itself back for a controlled landing on an ocean-going drone ship or land-based landing zone, Rocket Lab’s Electron booster will be snagged straight out of the air by a helicopter with a grappling hook. A screenshot of Rocket Lab’s recet “mid-air recovery” test shows a helicopter outfitted with a specialized grappling hook snagging an Electron booster test article. Recently, Rocket Lab completed what the company called “a major step forward” in plans to achieve full booster recoverability with the successful completion of a...