Congress this week passed a new $483 billion economic relief bill, adding to the massive $2.2 trillion emergency package passed in mid-March.But resistance to more spending appears to be growing among some Republicans, exemplified by Senate Majority Leader Mitch McConnell’s suggestion this week that it would be preferable for states to file for bankruptcy.
“As I’ve said, this is a war. We’ll win this war,” Mr Mnuchin said. “If we need to spend more money we will, and we’ll only do it with bipartisan support.” The secretary brushed off concerns that the national debt is expected to exceed GDP this year. Cyclists wearing protective masks ride through Times Square, Saturday, April 25, 2020, in New York. Picture: AP /Frank Franklin II.“Make no mistake, it’s a really grave situation,” he said on ABC’s “This Week.” “This is the biggest negative shock that our economy, I think, has ever seen. We’re going to be looking at an unemployment rate that approaches rates that we saw during the Great Depression.
Source: Financial Digest (financialdigest.net)
Actually it’s just New York that is in a grave position. Most of the rest of the country have very low numbers of infected and deaths, so why can’t those states ease restrictions?
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US states ease lockdowns as coronavirus death toll passes 50,000Georgia, Oklahoma and Alaska began loosening lockdown orders on their pandemic-wounded businesses, despite warnings from health experts that the gradual steps toward normalcy might be happening too soon. That’s close to the same number of American military deaths (58,220) during the entire Vietnam War, over a 20 year period coronavirus COVID19 I guess they must be republican redneck states
Source: smh - 🏆 6. / 80 Read more »
Coronavirus: US Navy recommends return of fired captain Brett CrozierThe top Navy officer has recommended the reinstatement of the aircraft carrier captain fired for sending a fraught email to commanders pleading for faster action to protect his crew from a coronavirus outbreak. 9News Are you serious? Fake news. The aircraft carrier in question is the most powerful and has the best of everything (incl. doctors) to inflict and to survive any battle. US Navy would never recommission a Captain who calls for help from Mommy in an open letter for everyone to see.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Coronavirus: China gives WHO cash injection after US pulls fundingChina has announced it will give another $47 million to the World Health Organisation (WHO) to help in the global fight against the coronavirus pandemic, coming just days after Washington said it would freeze US funding. Why not accept they have a World Wide issue that will impact them for years. Make the move to pay reperations and work to repair a very Damaged image World Wide. All P. R. Companies would advise DO IT. ger2591 WHO is already doing China's bidding. Let China pay for them.🤷🏻♂️ I don't trust a thing they say anymore they've proved to me their now a political organization. Good riddance 🧐 Never forget !!!!!!!
Source: newscomauHQ - 🏆 9. / 77 Read more »
US states ease coronavirus lockdown so people can get pedicuresEven as the confirmed US death toll from the coronavirus soared past 50,000, Georgia, Oklahoma and Alaska began loosening lockdown orders today. 9News It seems the right thing to do, good move. They obviously hoared all the disinfectant before it sold out.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Top-ranking US Navy official wants fired carrier captain reinstatedThe Chief of Naval Operations met with top US officials this week and called for Brett Crozier to be reinstated, according to officials familiar with the investigation. he's not the only one Step 1) Tell Trump he needs a distraction, NOW Step 2) Tell him reinstatement was his idea back in January Step 3) Tell Trump Crozier's actions were in fact admirable And Crozier will be an admiral by Tuesday. great
Source: abcnews - 🏆 5. / 83 Read more »
‘The age-old divide between capital and labour is behind us’: Cory Bernardi | Sky News AustraliaSky News contributor Cory Bernardi says Australia’s minimum wage system “effectively prices some people out of the job market” as he calls for effective industrial relations reform post-coronavirus.\n\nMr Bernardi said one good aspect out of the “coronamania” is business and government are now talking “publicly about substantive economic reform”.\n\n“Let's hope that tax reform is government speak for lower taxes and deregulation means unwinding red, green, blue, brown and yellow tape that is strangling productivity”.\n\nThe one area of reform which “desperately needs to be addressed” according to Mr Bernardi, is industrial relations.\n\n“The age-old divide between capital and labour is behind us; we need voluntary co-operation for both to prosper”.\n Watch it Cory. Lets see you live on the minimum wage. Then try living on less. Hands off. Cory Bernardi contributing to skynewsaust? Well I never would have thought that possible.
Source: SkyNewsAust - 🏆 7. / 78 Read more »