As the world economy enters an unprecedented crisis caused by the COVID-19 pandemic, and policymakers in Washington and other global capitals prepare record fiscal stimulus plans, stakeholders should heed an important lesson from the last financial downturn in 2008: Recovery is only possible through coordinated global action. A little more than 10 years ago, as the world was entering the Great Recession, stakeholders had to look far back in the rear-view mirror to the Great Depression for policy guidance. While the actions of the 1930s did offer important lessons for 2008 — most notably the need to expand the money supply — the economy of the 1930s was fundamentally different than the global economy of the early part of this century.
BEIJING — China's National Health Commission on Wednesday reported 36 new COVID-19 cases, one day after announcing that asymptomatic cases will now be included in the official count. The commission said all but one of the new cases was imported from abroad, while seven more deaths from the disease had been reported over the previous 24 hours. The commission did not say if any of the new cases were asymptomatic but on Tuesday reported that, of a total of 1,541 asymptomatic cases now being isolated and monitored for symptoms, 205 had come from overseas.
Covid-19 symptoms vary widely, and undertesting in many countries means that many people may have already had the coronavirus without having received a positive diagnosis. Dr William Hillmann: At this point, we don't have a test to tell that. Hillmann: Coronavirus is actually quite a significant spectrum of symptoms, from people who are entirely asymptomatic and would have no idea that they have it to people with very mild, cold-like symptoms – runny nose, congestion, sore throat – to people with more flu-like symptoms – high fevers, muscle aches, shortness of breath and cough.
Victor Ruiz Garcia/Reuters Twenty-eight Texas spring breakers who recently vacationed in Cabo have tested positive for the coronavirus, tweeted Tony Plohetski of local station KVUE-TV. They chartered a plane with 70 people to get to Cabo, he said. Spring breakers, who are Gen Z, have been called out for crowding beaches and partying on booze cruises and ignoring calls for social distancing during the coronavirus pandemic.
Rep. Nydia Velazquez said Monday that she's been "diagnosed with presumed coronavirus infection," three days after she spoke on the House floor and stood near 80-year-old House Speaker Nancy Pelosi during the signing of the $2.2 trillion coronavirus stimulus bill. In a statement, Velazquez, D-N.Y., 67, said she first started feeling sick "in the wee hours of Sunday morning." At the advice of The Attending Physician, neither COVID 19 laboratory testing nor a doctor's office visit was recommended.
India and Pakistan sealed off centers belonging to a Muslim missionary group on Tuesday and began investigating how many coronavirus cases were linked to its activities. Tablighi Jamaat is a Deobandi Sunni Muslim missionary movement that preaches worldwide. Every year, tens of thousands attend its congregations in the Pakistani city of Lahore and other parts of South Asia.
Citing a public health order to curb the coronavirus pandemic, the Trump administration is swiftly deporting unaccompanied migrant minors apprehended near the U.S.-Mexico border, upending a long-standing practice required under a federal law designed to protect children from violence and exploitation. Despite initially maintaining that the new measures would not apply to unaccompanied minors, Customs and Border Protection on Monday said its officials could deny entry to children who cross the southern border alone under an order by the Centers for Disease Control and Prevention, or CDC. The agency said some minors could be excluded from the CDC directive if a border official "suspects trafficking or sees signs of illness."
State prosecutors in Venezuela have summoned opposition leader Juan Guaido for an alleged "attempted coup d'etat" and attempted assassination, Attorney General Tarek William Saab announced Tuesday. In a statement broadcast on state television, Saab said Guaido had been summoned to appear before prosecutors next Thursday following an investigation last week into the seizure of a weapons cache in neighboring Colombia that he said was to be smuggled into Venezuela. The subpoena was delivered to his head of security on Monday night, Saab said.
REUTERS/Carlo Allegri Crowds of people gathered in New York City to watch the USNS Comfort arrive, despite a state order requiring social distancing. The ship will be used as additional hospital space for non-coronavirus patients as New York hospitals become overwhelmed with COVID-19 patients. New York City Mayor Bill de Blasio's communications team asked the NYPD to help disperse the crowd after a journalist tweeted about it.
MOSCOW—Amid a growing uproar in newly locked-down Russia, news broke on Tuesday that a doctor President Vladimir Putin met with just a week ago during a highly publicized visit to a coronavirus treatment facility has now tested positive for the infection himself. Widely disseminated photos of the visit showed Putin donning an orange hazmat suit, but he had also talked to Dr. Denis Protsenko extensively without protection and photographs show them together with very little "social distancing." Putin's spokesman says the Russian president is tested frequently for coronavirus infection and is just fine.
At the coronavirus task force briefing, President Trump rebuked New York Gov. Andrew Cuomo for saying states have to compete and bid against each other like they're on eBay.
One of the motorcyclists in a crash that killed him and six fellow bikers on a north woods highway was drunk and actually was the one who hit a pickup and caused the accident, the lawyer for the truck driver charged with homicide said in a document made public Tuesday. A New Hampshire State Police account of the June 21 crash in the community of Randolph “was deeply flawed," the lawyer for truck driver Volodymyr Zhukovskyy, 24, of West Springfield, Massachusetts, said in a motion filed Friday that seeks a hearing to set him free on bail. State police initially determined that the flatbed trailer he was hauling was 1 1/2 feet over the center line at the time of impact, the motion said.
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Robert Nickelsberg/Getty Images In the US, 73% of patients hospitalized with COVID-19 have had at least one underlying condition, according to a new CDC report. People with preexisting health conditions "appear to be at a higher risk for severe disease from COVID-19" than those without, the report said. Diabetes, chronic lung disease, and heart disease were the most commonly reported conditions among US coronavirus patients.
As the temperature passed 50 degrees in Stockholm last week, people congregated in parks unable to resist socializing during the first signs of spring in the Swedish capital. The Swedish government has left it up to individuals to act responsibly and decide whether to stay home or not. Public gatherings of more than 50 people are prohibited but there are no restrictions on private meetings, meaning parties and corporate events can still go ahead.
In Israel, the coronavirus is spreading in ultra-Orthodox Jewish communities up to eight times faster than anywhere else in the country. Ultra-Orthodox Jews account for 12 percent of Israel's population, but they make up 40 to 60 percent of coronavirus patients at four of the country's largest hospitals, officials told Israeli media. Health experts said the virus is moving so quickly in these communities because the ultra-Orthodox have large families, don't trust the government, and pay little to no attention to secular media.
Two planes packed with protective equipment arrived to restock Spain's overloaded public health system on Wednesday as its confirmed coronavirus cases rose beyond 100,000 and it recorded its biggest one-day death toll from the outbreak. Barring Italy, the virus has killed more people in Spain than anywhere else, triggering a lockdown that has brought economic activity to a virtual standstill. A survey showed Spain's manufacturing sector is heading for a slump after shrinking in March at its steepest pace since 2013.
U.S. Customs and Border Protection agents at Detroit Metro Airport stopped a Chinese scientist carrying vials believed to contain the MERS and SARS viruses in November 2018 — just over a year before the first reported Wuhan coronavirus case, according to an FBI tactical intelligence report obtained by Yahoo News. “Inspection of the writing on the vials and the stated recipient led inspection personnel to believe the materials contained within the vials may be viable Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS) materials,” the report reads. The report also lays out a pattern of Chinese interference, detailing two other cases from May 2018 and September 2019, in which different Chinese nationals tried to enter the U.S. with undeclared flu strains and suspected E. coli, respectively.
The vicious stabbing of an Asian-American family, including a 2-year-old girl, at a Sam's Club in Texas earlier this month has been deemed a hate crime by the feds, as authorities continue to raise alarm bells about a potential surge in racially motivated crimes amid the coronavirus outbreak. Jose L. Gomez, 19, confessed to authorities that he attempted to murder three Asian-American family members, including the toddler and a 6-year-old, on March 14 at the Midland, Texas store, according to the Midland Police Department.
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How to organize your closet like a pro Originally Appeared on Architectural Digest
The U.S. military is set to put almost half of its 8,500 South Korean civilian workers on furlough, as the two sides bicker over the Trump administration's demands for a massive increase in troop funding. About 4,000 workers have been told not to report to American military bases in South Korea as of Wednesday, if the two countries can't find some way to extend a cost-sharing deal that expired Dec. 31. A breakthrough seems unlikely with President Donald Trump asking for as much as a five-fold increase and South Korea showing no signs of paying anywhere near that much.
Crystal Cox/Business Insider New York Gov. Andrew Cuomo said that legalizing recreational marijuana likely won't be included in the state's budget, dealing a blow to the cannabis industry companies that have invested a significant amount of time, money, and resources preparing for the rush of the state's millions of adult consumers into the legalized market. Cuomo was asked by a reporter on Tuesday about marijuana legalization — one of the key initiatives he laid out in his budget address on January 21 — in his daily press briefing on the state's coronavirus response. "It's not likely," Cuomo said.
While officials from Montreal to Moscow have placed populations under some form of lockdown designed to slow the spread of the coronavirus, one man continues to hold firm to the notion that the rest of the world has lost its mind: Belarusian President Alexander Lukashenko. “It is better to die on your feet than live on your knees!” Lukashenko told a Belarusian television reporter Saturday when asked whether the coronavirus could stop him from hitting the rink for a propaganda-filled hockey game. Lukashenko, one of the longest-serving leaders in the former Soviet Union, has been in power for over 25 years.
As European and American healthcare systems creak under the strain, China has offered millions of face masks and teams of medical experts. As well as seeking to deflect criticism over initial Chinese missteps in handling the epidemic, analysts say, the campaign is a public relations opportunity in China's great power rivalry with the West and especially the United States. COVID-19 first emerged in a wild animal market last year in the Chinese city of Wuhan, but Beijing says the situation in China is now under control with domestic cases dwindling to zero.