(Los Angeles, CA) — The Los Angeles Lakes are returning their four-point-six-million-dollar loan they received through the federal Paycheck Protection Program.
ESPN reports the Lakers qualified to receive the loan as part of the CARES Act, but decided to return the funds once they became aware the PPP, meant for small businesses, had run dry.
Forbes reported last year that the Lakers are the eighth most valuable sports franchise in the world and are worth around three-point-seven-billion-dollars.
Reportedly, the Lakers were the only NBA Franchise to ask for a loan from the small business association. Having around 300 employees made the eligible for the money.
(AP) – The 10-part documentary series that chronicles Michael Jordan’s last championship with the Bulls is set to begin on ESPN with two hour-long episodes. ”
The Last Dance” was scheduled to run in June, but with the NBA shut down due to the coronavirus pandemic the decision was made to move up its release.
The series is a look at the 1997-98 season, when the Bulls won their sixth championship in an eight-year span. ESPN will air two episodes each Sunday night through May 17.
(Washington, DC-AP) – House Speaker Nancy Pelosi is pushing plans for the “next phase” of stimulus legislation. Hosting a telephone news briefing at the Capitol, Pelosi said bold action must be taken to renew America’s infrastructure.
She called it a key investment to build a smarter, safer national infrastructure that is built to last. Pelosi said it will create millions of new jobs. President Trump tweeted this week that the next stimulus should involve another two-trillion dollars for infrastructure renovation.
House Majority Whip Jim Clyburn said the coronavirus crisis has exposed significant fault lines in the federal government. The President signed a roughly two-trillion dollar stimulus bill last Friday. Senate Majority Leader Mitch McConnell appeared to pump the brakes on another stimulus bill.
In a radio interview, the Kentucky Republican suggested that the ink is barely dry on the last stimulus. Economic stimulus bills are a response to the deepening economic fallout from the growing coronavirus outbreak.
(AP) – Russia is sending a plane with medical supplies such as masks to help the U.S. fight the coronavirus pandemic. The plane will arrive today after President Trump accepted an offer earlier this week from Russian President Vladimir Putin to send personal protective equipment and other gear.
The Russian Ministry of Foreign Affairs tweeted a photo of its largest cargo aircraft filled with boxes of masks and equipment to “help save the lives of American citizens.”
Trump Administration officials say the U.S. will immediately put items to use that are approved by the Food and Drug Administration.
(SL) – Nick Cannon vowed to pick up the baton and continue the work that rapper Nipsey Hussle started and a year after his death, it looks to be complete.
Nipsey, real name Ermias Asghedom, was working on a documentary about natural healer Dr. Sebi when he was murdered and exactly one day from the one year anniversary of his death, it looks to be complete.
Conspiracy theories about who killed Nipsey started to spread shortly after his death. The police, the US government and pharmaceutical companies have all been accused of having something to do with the homicide. But, 29-year old, Eric Holder is set to stand trial this month for the crime. He maintains his innocence but faces a maximum of life in prison if found guilty.
Alfredo Bowman, better known as Dr. Sebi, was a self-proclaimed healer and herbalist. He was a self-educated who reportedly healed several people of AIDS, leukemia and among other illnesses. And his controversial health claims landed him inside New York’s Supreme Court after he was accused of illegally practicing medicine. Dr. Sebi, however won the case by producing over 70 cured patients with a wide variety of aliments that testified that his methods not only worked, but cured them completely.