Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus"poses evolving risks to economic activity.
First and foremost, Congress faces a stark choice, as the estimated 30 million workers without a job are about to lose the $600 in federal unemployment that was added to state figures. The federal funds are scheduled to expire by the end of the month. The LAUSD teachers union is already on record as saying it’s not possible for a return to campuses anytime soon.
Also under fire are sports and entertainment. College and professional teams are trying to mount abbreviated schedules, but are faced with revenue shortfalls, balking athletes, and arduous safety measures that could halt seasons at any point. Training camps will provide a litmus test as to whether those leagues and their ancillary jobs will be a part of a return to normal.
Thankfully, the death rate is continuing to drop. Looks like we're in the clear.
How about if we stop testing, there will be no more cases. Problem solved. Smh, of course there are more cases we’re testing so many people. How many are dying? That number is going down.
watch after Nov if trump loses this will be miraculously cured over night. and Biden will be lauded as a hero.
With an amazing 99.96% survival rate, we're doing pretty damn good. Next.
And yet those recoveries are rarely shown. Stop the fear porn. We're trying to quit.
cases are not deaths. deaths are trending down.
Hydroxychloroquine is the cure...
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »