Brutal weekly unemployment numbers underscored the coronavirus pandemic's continued ability to destroy jobs in the United States, bringing the total to 36.5 million in two months as President Donald Trump and his allies pushed to reopen the world's largest economy.
"Good numbers coming out of States that are opening. America is getting its life back!" Mr Trump tweeted after the data's release, later saying that he was"very disappointed" in the way China handled the virus, which first emerged in the city of Wuhan. Many newly jobless have found themselves in a precarious financial position, with more than a third reporting trouble paying their bills and nearly half unable to afford a $400 emergency, the Federal Reserve said in a survey released Thursday.
White House economic adviser Kevin Hassett said the latest data indicated the recent flood of claims was ebbing.
At a guess this will apply to most countries around the world.
I think most debt will have to be forgiven in Australia (at least) where our debt per household is massive. If we want a country full of angry, sad, psychotic and depressed people, the government needs to make a plan. But even before the pandemic they had no ideas and no plans.
You don't need a survey to tell you this
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Source: smh - 🏆 6. / 80 Read more »
Coronavirus update: US-China trade deal in doubt as Trump tells Fox he is disappointed in China, Spain antibody test suggests millions infected with COVID-19 - ABC NewsThe US President says he is 'disappointed' in China for not controlling the coronavirus, suggesting it may place their trade deal in doubt, meanwhile Spain's death toll rises as antibody tests suggest millions there have been infected. Definitely not a Competent President And the rest of the world should follow The government owned, tax payer funded ABC have a series case of TDS. Just funny they don't go on day and night about Belguim, Spain, Italy, UK, France, Sweden, Netherlands, Ireland (C19 deadliest countries). I guess catering for the 'readers' with low IQ.
Source: abcnews - 🏆 5. / 83 Read more »
Kids in crisis: 'What worries us is the ones who are staying silent'Children and parenting helplines have been inundated with calls during the pandemic, with a spike in the number of children deemed to be in imminent danger. juliepower I hope children are getting help. Dreadful times for adults so horrendous for kids. NSWHealth Children childrenandcovid19 coronavirusaustralia ChineseVirus WuhanVirus juliepower I have a dozen chess lesson videos on my YT channel that might help keep kids occupied. They start from scratch no prior knowledge required. quarantineactivities parenting babysitting keepingkidsbusy activitiesforchildren
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Most Australians think COVID-19 has been handled well - but not by the US and ChinaA new poll by the Lowy Institute has found 93 per cent of Australians believe the country has handled COVID-19 well so far, but trust in other countries is on the decline. Lmao literally who are they asking?
Source: SBSNews - 🏆 3. / 89 Read more »
Australia 'caught in US-China crossfire' and 'there will be serious economic implications' | Sky News AustraliaThe Switzer Report founder Peter Switzer says now is the worst time to be caught up in escalating trade tensions with China. \n\n“Once the economy’s back on its feet, that’s when it’s time to get stuck into China, but at the moment we’re vulnerable,” he said. \n\n“Obviously there’s a simmering, potential trade war and it really didn’t start with us, but we’re being caught in the crossfire because we ganged up and supported Trump in asking for an objective inquiry into China’s behavior in relation to the virus. \n\n“Clearly China’s cheesed off in the fact that we’re supporting Donald Trump and there will be serious economic implications.' \n\nMr Switzer told Sky News “this is not the time” because Australia was staring down the possibility of a great depression, which he said the government was so far managing to avoid through stimulus measures. \n Business people should be made to disclose their China exposure before making such comments, my trust is wearing thin. Thx for the obvious advice. You mean at the beginning of a recession- depression were every $ counts. Duh!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Scientists put 'handbrake' on Trump's plan to reopen US economy | Sky News AustraliaSky News contributor Michael Ware says US President Donald Trump’s own medical experts have put the “handbrake” on the nation's economic reopening which “no one wants to hear”. \n\nOne of the senior scientists in Trump’s coronavirus task force, Dr Anthony Facui, testified before Congress and warned that reopening too soon could result in many more deaths and infections. \n\nHe warned it would also lead to a backward step for the economy. \n\nMr Ware told Sky News Dr Fauci was one of four scientists who called on the states to slow down the reopening of their economies. \n\n“This senate hearing is precisely about the push and the pull of the economy and the politics that want to open versus the science that says we have to go slowly,” he said. \n\n“Everyone is emphasising the fact that we need to reopen in a new world where we learn to live with this invisible killer.” \n\nImage: AP realDonaldTrump realDonaldTrump Fauci is right realDonaldTrump These 'Scientists' haven't got a clue what day it is. They are running on an agenda rather than any real scientific facts.
Source: SkyNewsAust - 🏆 7. / 78 Read more »