The Rundown: Small Businesses Struggle to Get Loans, P.A. Judge Upholds Voter ID Law

- By

-A study by the Federal Reserve Bank of New York found that merely 13 percent of the small businesses in New York, New Jersey and Connecticut that applied for bank loans in April and May got the full amount they requested. Another 36 percent got a partial amount. More than half of applicants asked for a “microloan,” a loan of less than $100,000. “But lenders were more likely to turn down microloan applications than larger loan applications, likely because they were skittish about lending to newer firms and more likely to turn down startups,” reports The Huffington Post.

-A Pennsylvania judge upheld that state’s voter ID law. Liberal groups are already planning their appeals on the grounds that the laws will unfairly impact minority and poor voters. Judge Robert Simpson, a Republican, said the law is “a reasonable, nondiscriminatory, nonsevere burden when viewed in the broader context of the widespread use of photo ID in daily life.”

-Interactive Product Group, a division of fashion mag publisher Condé Nast, has created a new video game meant to appeal to the ladies. “Fashion Hazard” places fashion models on the runway with the goal of avoiding obstacles that could ruin the show, like a flying cup of latte. The game will be available for iPhones and iPads starting today for 99 cents. Women and girls make up about half of the gamers today. In 2011, about $16.6 billion worth of games were sold in the U.S.

-Research conducted by Policy Studies, a liberal think tank, found that 26 large U.S. companies paid their CEOs $20.4 million on average, but paid little to no taxes on their profits. The average net income of those companies was more than $1 billion in the U.S. For example, James McNerney Jr., CEO of Boeing, made $18.4 million last year and the company got a $605 million tax refund. How do we get in on that deal?

-Big news lighting up Twitter this morning is the decision by the government of Ecuador to grant Wikileaks founder Julian Assange political asylum. Not sure what it’s all about? Here’s a good summary.

TRENDING ON MADAMENOIRE
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN