About: http://data.cimple.eu/news-article/b46012c248917980fa619325ebd46a03e3abc55673a0367788f56087

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About: http://data.cimple.eu/news-article/b46012c248917980fa619325ebd46a03e3abc55673a0367788f56087 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Brazilian President Jair Bolsonaro said Friday the government will extend 40 billion reals (nearly $8 billion) in low-interest loans to small businesses hit by the coronavirus pandemic. Small and medium-sized businesses hit by COVID-19 containment measures will be able to take out loans at 3.75 percent interest -- well below the market rate of around 20 percent -- to cover two months of salary for their employees, provided they make no layoffs during that time. "Our concern is preserving jobs. We're facing two destructive waves: first coronavirus, then the economic impact. We're doing all we can to reduce the size of those waves," the far-right president told a news conference. The government estimates the program will benefit 1.4 million companies and 12.2 million workers. The measure comes after Brazil's lower house passed a bill Thursday to make direct payments of around $120 to all Brazilians who work in the informal sector or are unemployed, seeking to cushion the blow of the COVID-19 crisis. That was three times the Bolsonaro administration's initial proposal. Bolsonaro has faced criticism for his handling of the new coronavirus, which he compared to a "little flu." He has repeatedly condemned "scorched-earth" containment measures by local authorities such as closing businesses and schools, which he warns is wreaking havoc on Latin America's biggest economy. On Thursday he issued an online call for drivers to take to the streets in protest against such social distancing measures, with the slogan "the people want to work." However, only around 20 drivers took part in a first such protest Friday in Sao Paulo, the economic capital and epicenter of the coronavirus outbreak in Brazil. lg/jhb/ft
schema:headline	Brazil taps $8 bn for small businesses hit by COVID-19
schema:mentions	Latin America Epicenter Direct Payments São Paulo Informal economy Far-right politics President of Brazil Social distancing Warini Influenza Jair Bolsonaro Pandemic Brazil Severe acute respiratory syndrome coronavirus 2 Scorched earth Patria AMV
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	67 (xsd:integer)

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