even as dividend income is tax free in the hands of
The longtime philanthropists typically offer minority businesses micro loans through their Wurwand Foundation, but Diesel's pandemic struggle put into sharp focus the need for direct, no strings assistance some small businesses just can't take on any more debt. Metropolitan area. Stores and restaurants represent the bulk of closures, with owners of color disproportionally affected. The economic boom of the later two decades of the 20th century was fuelled on a massive extension of credit at high interest. It was also fuelled on the shrinking of real earnings coupled with inflation and the hope for improvement in the future. As production shrank and moved offshore where conditions allowed for greater profiteering, the replacement came by way of promoting of mass consumerism and loans of all kinds, such as student loans, mortgages, car loans, payday loans and credit cards. Christopher W Smith, General Counsel with Kushner Companies, denied that the company had benefited imp