Lending Discrimination within the Paycheck Protection Program

Since March 2020, businesses in the U.S. have been struggling to continue operations in the face of a global pandemic. The COVID-19 pandemic has resulted in a recession because of the widespread closures of non-essential businesses enacted to reduce the spread of the virus. Even as things begin to reopen, people are less likely to go out due to possible health risks. In response, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which created the Paycheck Protection Program (PPP). The PPP is a lending program that provides money, in a potential grant format, to small businesses to help them weather the economic effects of the pandemic. The majority of the loan needs to be allocated for employee salaries and then the remainder can be used for other business expenses like rent and loan payments. The purpose of this study was to determine whether the disparities in small business lending we have detected prior to the COVID-19 pandemic continued with implementation of the PPP program

Racial and Gender Mystery Shopping for Entrepreneurial Loans

The number of businesses owned by women is on the rise, but female entrepreneurs still face more obstacles than men in obtaining small business loans. This study found that Black women business owners face the most difficulty getting loans from banks. The National Community Reinvestment Coalition (NCRC) evaluated 120 matched-pair tests involving a mix of gender and race combinations at 90 bank branches belonging to 54 different financial institutions in the Atlanta, Georgia, and Washington, D.C., metropolitan statistical areas (MSA). NCRC found that while all testers received inadequate treatment from banking personnel, women and people of color reported the worst experiences.

The genetic architecture of the human cerebral cortex

The cerebral cortex underlies our complex cognitive capabilities, yet little is known about the specific genetic loci that influence human cortical structure. To identify genetic variants that affect cortical structure, we conducted a genome-wide association meta-analysis of brain magnetic resonance imaging data from 51,665 individuals. We analyzed the surface area and average thickness of the whole cortex and 34 regions with known functional specializations. We identified 199 significant loci and found significant enrichment for loci influencing total surface area within regulatory elements that are active during prenatal cortical development, supporting the radial unit hypothesis. Loci that affect regional surface area cluster near genes in Wnt signaling pathways, which influence progenitor expansion and areal identity. Variation in cortical structure is genetically correlated with cognitive function, Parkinson's disease, insomnia, depression, neuroticism, and attention deficit hyperactivity disorder

A review of recent developments in climate change science. Part II: The global-scale impacts of climate change

This article presents a review of recent developments in studies assessing the global-scale impacts of climate change published since the Intergovernmental Panel on Climate Change (IPCC) Fourth Assessment Report (AR4). Literature covering six main impact sectors is reviewed: sea-level rise (SLR) and coastal impacts, ocean acidification, ecosystems and biodiversity, water resources and desertification, agriculture and food security, and human health. The review focuses on studies with a global perspective to climate change impacts assessment, although in the absence of global studies for some sectors or aspects of impacts, national and regional studies are cited. The review highlights three major emerging themes which are of importance for the policy- and decision-making process: (1) a movement towards probabilistic methods of impacts assessment and/or the consideration of climate modelling uncertainty; (2) a move towards assessing potential impacts that could be avoided under different climate change mitigation scenarios relative to a business-as-usual reference scenario; and (3) uncertainties that remain in understanding the relationship between climate and natural or human systems. Whether recent impact assessments show a changed risk of damage to human or natural systems since the AR4 depends upon the impact sector; whether the assessments are robust or not (i.e. will stand the test of time) requires additional expert judgement. However, using this judgement, overall we find an increased risk to natural systems, and in some components of human systems