New York, Los Angeles shut bars and restaurants, world's central banks coordinate to combat coronavirus

- Bars, restaurants, theatres and movie houses in New York and Los Angeles were ordered to shut down and several nations in South and Central America closed their borders in the latest moves around the world to combat the spread of the coronavirus.

The coordinated policy actions were reminiscent of the sweeping steps taken just over a decade ago to fight a meltdown of the global financial system, but this time the target is an entirely unfamiliar foe - a fast-spreading health crisis with no certain end in sight that is forcing entire societies to effectively shut down.

“This cannot prevent the economic fallout from social distancing,” said Ray Attrill, head of FX strategy at National Australia Bank in Sydney, referring to a method being used by many countries to try slow the spread of the virus. Los Angeles Mayor Eric Garcetti issued similar orders later on Sunday. Any restaurant, bar or cafe selling food will only be able to do so via delivery or take-out, officials said.China, were the virus surfaced late last year, said industrial output contracted at the sharpest pace in 30 years in the first two months of the year as the disease disrupted the world’s second-largest economy.

I suspect putting money directly into peoples hands via a Universal Basic Income is also a topic of discussion.

World central banks use COVID excuse to drop rates and print more worthless fiat.

What EXACTLY is the metric & threshold we are using to determine when we virtually shut down our economy & lives? Conversely what will be the threshold we are looking for to go back to normal life? It seems like these measures are designed to increase anxiety more so than safety.

TY Mayors and Governors involved in these decisions- not a moment too soon!

This is ErikMarquardt the hypocrite that helps turkey and Turkish airlines to fly Pakistani African people to turkey and then with boats 🚣‍♀️ to Greece. He makes millions and has destroyed my island and our lives the biggest son of a slt

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