Tag: Died

If your small business died, blame President Donald Trump

Corrections & Clarifications: This column has been updated to clarify that PPP loans are forgivable and clarifies the author’s views on the program’s usefulness to small businesses. This version also clarifies how IRS guidance may increase a company’s tax burden if it uses PPP funds for legitimate business expenses. Additionally, a previous version of this column misidentified the governing agency that made changes to Economic Injury Disaster Loans.

Mnuchin open to restarting talks with Pelosi

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If your small business died in the last six months, blame Trump. If your small business is suffering, blame Trump. It wasn’t COVID-19.

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President Donald Trump could have rescued American small businesses, but he didn’t. And this week, he could help save hundreds of thousands more if he took action, but he won’t.

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If your small business died, blame President Donald Trump. Here’s why.

If your small business died in the last six months, blame Trump. If your small business is suffering, blame Trump. It wasn’t COVID-19.

Mnuchin open to restarting talks with Pelosi

UP NEXT

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President Donald Trump could have rescued American small businesses, but he didn’t. And this week, he could help save hundreds of thousands more if he took action, but he won’t.

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I’ve been closely monitoring what has – and has not – been done for small businesses since the start of the pandemic. And at virtually every turn, Trump and his administration ignored the needs of small business or actually made it harder for them to survive. Moreover, his continuing refusal to develop a national policy and coordinated response to the pandemic has turned what could have been a limited shutdown into a long, lingering economic disaster. The worse may be yet to come.

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Frank Dunphy, the Bullish Business Manager Who Helped Damien Hirst Amass Millions, Has Died

Frank Dunphy, the business brain behind Damien Hirst and several other successful YBAs, died on Sunday. He was 82.  

A voluble Irishman known for his pinstriped suits and bowties, Dunphy began working as Damien Hirst’s business manager in 1995 and played no small part in the artist’s rapid rise to financial success as an art world enfant terrible.

At the height of Hirst’s fame, Dunphy renegotiated arrangements with dealers, often securing between a 70 to 90 percent cut of gallery sales for his client—far exceeding the typical 50-50 artist-gallery split. Other times, he encouraged Hirst to circumvent the gallery system altogether, helping to strike deals with auction houses to sell the artist’s new work directly to collectors. 

On the eve of the 2008 recession, he convinced Hirst to put up 223 works for sale at Sotheby’s, bypassing the artists’ galleries, White Cube and Gagosian. The sale raked in $148 million—an

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