It's a loan, not a grant. They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up. I have no problem with this.
I DO have a problem with companies that use this money, and then fire or layoff people.
It's a loan, not a grant. They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up. I have no problem with this.
I DO have a problem with companies that use this money, and then fire or layoff people.
No. They don't have to pay it back if they meet the guidelines of how they use the funds, its a forgivable loan.
It's a loan, not a grant. They will be paying their employees now with that money, then will be paying it back when (hopefully) the tours start back up. I have no problem with this.
I DO have a problem with companies that use this money, and then fire or layoff people.
No. They don't have to pay it back if they meet the guidelines of how they use the funds, its a forgivable loan.
Ah, thats correct. They will have to pay it back if (for some reason) they dont use it for the intended purpose, I think.
Either way, I am ok with this. Its going to the crew.
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
6/30/06 Milwaukee 8/23/09 Chicago 05/03/10 Kansas City 09/03/11 Alpine Valley 09/04/11 Alpine Valley 11/16/13 Oklahoma City 11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston 08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
You think in 1995 Ed would have had an opinion on federal payroll loans during a global pandemic?
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
You think in 1995 Ed would have had an opinion on federal payroll loans during a global pandemic?
No
6/30/06 Milwaukee 8/23/09 Chicago 05/03/10 Kansas City 09/03/11 Alpine Valley 09/04/11 Alpine Valley 11/16/13 Oklahoma City 11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston 08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
The money was for small business, Pearl Jam is a small business with employees. What should they have done?
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
They have employees. They are technically a small business
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
The money was for small business, Pearl Jam is a small business with employees. What should they have done
I fully understand how it works. The breakdown, the 75% spent on payroll to get the whole thing forgiven, the keeping it and it turns into a 1% loan on a 2 year note. And yes, PJ is a small business and they are 100% entitled to apply for and receive the money to pay their employees or contracted help.
My original post said it was a bad look. That's all. I think it is. It's like hearing Kanye West's Yeezy brand received over a million. A week after he was bragging about his wife becoming a billionaire. It's a bad look. That's all & just my opinion.
6/30/06 Milwaukee 8/23/09 Chicago 05/03/10 Kansas City 09/03/11 Alpine Valley 09/04/11 Alpine Valley 11/16/13 Oklahoma City 11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston 08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
Terrible look fellas. Wonder what old Ed would have said about this 25 years ago? It seems everyday lately some weird shit happens in this world that makes me ask my wife, "did you put acid in my coffee this morning?" This was today's
The money was for small business, Pearl Jam is a small business with employees. What should they have done
I fully understand how it works. The breakdown, the 75% spent on payroll to get the whole thing forgiven, the keeping it and it turns into a 1% loan on a 2 year note. And yes, PJ is a small business and they are 100% entitled to apply for and receive the money to pay their employees or contracted help.
My original post said it was a bad look. That's all. I think it is. It's like hearing Kanye West's Yeezy brand received over a million. A week after he was bragging about his wife becoming a billionaire. It's a bad look. That's all & just my opinion.
What is the good option for the band to keep their employees paid during this nonsense in your opinion? I know it looks bad at first but the bottom line is their employees are not rich rockstars and Pearl Jam the business did what it thought was best for the well being of their employees. I see it as nothing but a good thing. But I do respect your opinion and was wondering what their other solution should have been. Maybe I’m looking at it wrong.
How about any faith based organization getting a loan or tax free status. Let’s give tax breaks to doctors and those doing proven science the tax breaks. Last time I looked, my faith in Santa Claus doesn’t get me shit.
This feels like responsible business management. They got their road crew paid this year when all shows are postponed, and they got their warehouse crew paid for the lean months when everything was closed.
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
I don't know. I can't pretend to know anyone's financial situation. I assume they're all rolling in it, but that doesn't mean they're liquid enough to keep payroll going. With the state of the music industry, it feels shitty to wag my finger at someone for how they're keeping their crew whole. If they're eligible for a program like this, they should absolutely take advantage of it.
This feels like responsible business management. They got their road crew paid this year when all shows are postponed, and they got their warehouse crew paid for the lean months when everything was closed.
Exactly. People speculating on the band’s specific finances or decisions or net worth is amusing. It has nothing to do with their overhead - the tour insurance policy doesn’t cover a pandemic so when everything is cancelled someone has to cover the costs.
To quote the 10C from Newsletter #8: "Please understand we have a lot of members and it is very hard to please everybody. If you are one of those unhappy people...please call 1-900-IDN-TCAR."
"Me knowing the truth, I can not concur."
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Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
I don't know. I can't pretend to know anyone's financial situation. I assume they're all rolling in it, but that doesn't mean they're liquid enough to keep payroll going. With the state of the music industry, it feels shitty to wag my finger at someone for how they're keeping their crew whole. If they're eligible for a program like this, they should absolutely take advantage of it.
definitely. I was trying to flush out the opposite argument because it seemed like some people didn't quite understand why other people took issue with it.
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
I don't know. I can't pretend to know anyone's financial situation. I assume they're all rolling in it, but that doesn't mean they're liquid enough to keep payroll going. With the state of the music industry, it feels shitty to wag my finger at someone for how they're keeping their crew whole. If they're eligible for a program like this, they should absolutely take advantage of it.
definitely. I was trying to flush out the opposite argument because it seemed like some people didn't quite understand why other people took issue with it.
I think both sides of the argument have merit
I get the impulse. There's a bit of a reap-what-you-sow element to it. I saw Bad Religion a few years ago and at one point Greg asked the audience "are there any rich people here tonight?" Some guy yelled "yeah, on the stage." I think about that often.
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
The max loan per employee is $20,833 ($100K / 12 x 2.5) since the maximum compensation that goes into the loan calculation is $100K/year.
So a large PPP loan reflects the number of employees involved.
It does seem odd given that maybe some of these businesses would have opted to pay their employees anyway.
Remember the Thomas Nine !! (10/02/2018)
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago 2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy 2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE) 2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston 2020: Oakland, Oakland:2021: EV Ohana, Ohana, Ohana, Ohana 2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville 2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
Man, people will take any opportunity to crowbar in their pet grievances.
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
I think the argument is, "Do people with Net Worth's varying between 75m and 100m really need to use to government funds to float the boat?".
Our governments are going knee deep in debt trying to keep everything afloat. You would hope, to reduce it's scope, it would go to the people/entities that need it most. Not people/entities with fairly large cash reserves.
I understand why they did it, and I think it's great they're looking after their employees. I do them see them being a little different than the average small business that might be just getting buy, or only make a little money to bank.
I do think it's great they're looking after their employees. In all fairness they probably pay a shittonne of tax. What they got is probably a fraction of what they contribute. Meh.
The max loan per employee is $20,833 ($100K / 12 x 2.5) since the maximum compensation that goes into the loan calculation is $100K/year.
So a large PPP loan reflects the number of employees involved.
It does seem odd given that maybe some of these businesses would have opted to pay their employees anyway.
$20,833 ($100K / 12 x 2.5)
I've applied for so many loans for clients so that equation will forever be instilled in my brain!
Comments
I DO have a problem with companies that use this money, and then fire or layoff people.
Nuclear fission
Either way, I am ok with this. Its going to the crew.
Nuclear fission
Not a Liberal fan but man Trudeau has helped us out during this.
This was today's
11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston
08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston
08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
My original post said it was a bad look. That's all. I think it is. It's like hearing Kanye West's Yeezy brand received over a million. A week after he was bragging about his wife becoming a billionaire. It's a bad look.
That's all & just my opinion.
11/19/13 Phoenix 11/29/13 Portland 10/03/14 St. Louis 10/17/14 Moline 10/19/14 St. Paul 04/26/16 Lexington 08/07/16 Boston
08/22/16 Chicago 08/08/18 Seattle 08/10/18 Seattle 08/13/18 Missoula 08/18/18 Chicago
Lisbon '06 (x2)
Katowice '07
London '07 '09 (x2), '10
MSG NY '08 (x2)
Manchester '09 '12
Belfast '10
PJ20 Alpine '11 (x2)
Leeds '14
"...I changed by not changing at all..."
On topic, with the current state of the music industry I don't know how you begrudge any entity (including huge touring bands) taking advantage of any relief they qualify for. Live music is likely one of the last things that comes back in any recognizable form. Cut these people all the slack.
It seems like a bad look reading it in a post but it's perfectly logical since these bands are also a business.
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"Me knowing the truth, I can not concur."
1996: Toronto - 1998: Chicago, Montreal, Barrie - 2000: Montreal, Toronto - 2002: Seattle X2 (Key Arena) - 2003: Cleveland, Buffalo, Toronto, Montreal, Seattle (Benaroya Hall) - 2004: Reading, Toledo, Grand Rapids - 2005: Kitchener, London, Hamilton, Montreal, Ottawa, Toronto, Quebec City - 2006: Toronto X2, Albany, Hartford, Grand Rapids, Cleveland - 2007: Chicago (Vic Theatre) - 2008: NYC X2, Hartford, Mansfield X2 - 2009: Toronto, Chicago X2, Seattle X2, Philadelphia X4 - 2010: Columbus, Noblesville, Cleveland, Buffalo, Hartford - 2011: Montreal, Toronto X2, Ottawa, Hamilton - 2012: Missoula - 2013: London, Chicago, Buffalo, Hartford - 2014: Detroit, Moline - 2015: NYC (Global Citizen Festival) - 2016: Greenville, Toronto X2, Chicago 1 - 2017: Brooklyn (RRHOF Induction) - 2018: Chicago 1, Boston 1 - 2022: Fresno, Ottawa, Hamilton, Toronto, NYC, Camden - 2023: St. Paul X2, Austin X2 - 2024: Vancouver X2, Portland, Sacramento, Missoula, Noblesville, Philadelphia X2, Baltimore
I think both sides of the argument have merit
So a large PPP loan reflects the number of employees involved.
It does seem odd given that maybe some of these businesses would have opted to pay their employees anyway.
1998: Noblesville; 2003: Noblesville; 2009: EV Nashville, Chicago, Chicago
2010: St Louis, Columbus, Noblesville; 2011: EV Chicago, East Troy, East Troy
2013: London ON, Wrigley; 2014: Cincy, St Louis, Moline (NO CODE)
2016: Lexington, Wrigley #1; 2018: Wrigley, Wrigley, Boston, Boston
2020: Oakland, Oakland: 2021: EV Ohana, Ohana, Ohana, Ohana
2022: Oakland, Oakland, Nashville, Louisville; 2023: Chicago, Chicago, Noblesville
2024: Noblesville, Wrigley, Wrigley, Ohana, Ohana
I've applied for so many loans for clients so that equation will forever be instilled in my brain!
Who is wrong and who’s right