Complex Event Analysis - Report

Key Focus

  • Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses are getting shut out of the loan program.
    The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be audited.
    The NBER paper, released on Sunday, is titled .Did the Paycheck Protection Program Hit the Target
  • Its authors said they studied data on the distribution of PPP loans in the program.s first round along with .high-frequency micro-level employment data..
    The PPP quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
    U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs
  • No momentum supporting factor found

    Challenge supporting factors

  • (businesses, ppp)
  • (ppp, trump)
  • (paycheck_protection_program, ppp)
  • (establishments, ppp)
  • (ppp, university)
  • (ppp, treasury_secretary_steven_mnuchin)
  • (ppp, treasury_department)
  • (ppp, technology)
  • (ppp, rep)
  • Work-in-progress supporting factors

  • (ppp, trump)
  • (paycheck_protection_program, ppp)
  • (ppp, washington)
  • (ppp, trading)
  • (ppp, stocks)
  • Complex Event Time Series Summary - REPORT


    Time PeriodChallengeMomentumWIP
    Report74.36 0.00 25.65

    High Level Abstraction (HLA) combined

    High Level Abstraction (HLA)Report
    (1) (ppp,trump)100.00
    (2) (paycheck_protection_program,ppp)86.79
    (3) (businesses,ppp)52.83
    (4) (establishments,ppp)32.08
    (5) (ppp,washington)15.09
    (6) (ppp,university)13.21
    (7) (ppp,treasury_secretary_steven_mnuchin)11.32
    (8) (ppp,treasury_department)9.43
    (9) (ppp,trading)7.55
    (10) (ppp,technology)5.66
    (11) (ppp,stocks)3.77
    (12) (ppp,rep)1.89

    Complex Event Analysis - REPORT

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    Supporting narratives:

    • challenge (Read more)
      • Big banks are facing lawsuits that claim they put larger borrowers first, and some advocates say minority and women owners of businesses are getting shut out of the loan program.
        The Trump administration has responded to some criticisms, with Treasury Secretary Steven Mnuchin saying Monday that PPP loans above $2 million will be audited.
        The NBER paper, released on Sunday, is titled .Did the Paycheck Protection Program Hit the Target
      • High Level Abstractions:
        • (ppp,trump)
        • (businesses,ppp)
        • (ppp,treasury_secretary_steven_mnuchin)
        • Inferred entity relationships (3)
        • (businesses,ppp,small-business) [inferred]
        • (businesses,ppp,trump) [inferred]
        • (businesses,ppp,treasury_department) [inferred]

    • challenge (Read more)
      • researchers from the University of Chicago and the Massachusetts Institute of Technology wrote in the paper on the Paycheck Protection Program.
        .If anything, we find some suggestive evidence that funds .owed to areas less hard hit..
        The researchers found 15% of establishments in the regions most affected by declines in hours worked and business shutdowns received PPP funding, while 30% of establishments got PPP money in the least affected regions.
        This could be .a result of the pre-existing bank relationships across counties, rather than a problem with implementation,
      • High Level Abstractions:
        • (ppp,university)
        • (paycheck_protection_program,ppp)
        • (ppp,technology)
        • (establishments,ppp)
        • Inferred entity relationships (3)
        • (paycheck_protection_program,ppp,trump) [inferred]
        • (paycheck_protection_program,ppp,washington) [inferred]
        • (paycheck_protection_program,ppp,university) [inferred]

    • challenge (Read more)
      • the academics said.
        The PPP has drawn a range of criticism, with small businesses and their bankers reporting widespread problems in getting the loans during the past month, including delays this week as the program reopened.
        Meanwhile, more than 100 public companies disclosed getting the aid, though many of them are giving the money back after an outcry and a May 7 deadline from the Treasury Department for returns.
        Democratic Rep
      • High Level Abstractions:
        • (businesses,ppp)
        • (ppp,rep)
        • Inferred entity relationships (3)
        • (businesses,ppp,small-business) [inferred]
        • (businesses,ppp,trump) [inferred]
        • (businesses,ppp,treasury_department) [inferred]

    • challenge (Read more)
      • the academics said.
        The PPP has drawn a range of criticism, with small businesses and their bankers reporting widespread problems in getting the loans during the past month, including delays this week as the program reopened.
        Meanwhile, more than 100 public companies disclosed getting the aid, though many of them are giving the money back after an outcry and a May 7 deadline from the Treasury Department for returns.
        Democratic Rep.
      • High Level Abstractions:
        • (ppp,treasury_department)

    • WIP (Read more)
      • Its authors said they studied data on the distribution of PPP loans in the program.s first round along with .high-frequency micro-level employment data..
        The PPP quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
        U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs
      • High Level Abstractions:
        • (ppp,trading)
        • (ppp,trump)
        • (ppp,stocks)
        • (paycheck_protection_program,ppp)
        • Inferred entity relationships (3)
        • (paycheck_protection_program,ppp,trump) [inferred]
        • (paycheck_protection_program,ppp,washington) [inferred]
        • (paycheck_protection_program,ppp,university) [inferred]

    • WIP (Read more)
      • Its authors said they studied data on the distribution of PPP loans in the program.s first round along with .high-frequency micro-level employment data..
        The PPP quickly ran through the $350 billion that it received initially through last month.s $2.2 trillion Cares Act, and then on Friday got an additional $320 billion as Trump signed into law the $484 billion Paycheck Protection Program and Health Care Enhancement Act.
        U.S. stocks US:DJIA US:SPX are trading well below their February peaks because of coronavirus-related lockdowns on business activity, but they have rallied from their late-March lows thanks in part to optimism around Washington.s aid programs.
      • High Level Abstractions:
        • (ppp,washington)

    Target rule match count: 18.0 Challenge: 0.37 Momentum: 0.00 WIP: 0.13