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.
As U.S. spy agencies seek to assemble a precise picture of the world's coronavirus outbreaks, they are finding serious gaps in their ability to assess the situation in China, Russia and North Korea, according to five U.S. government sources familiar with the intelligence reporting. The agencies also have limited insight into the full impact of the pandemic in Iran, although information on infections and deaths among the ruling class and public is becoming more available on official and social media, two sources said.
Authorities warn that the Mafia—likely behind the unrest—will soon step in as an ostensible savior bringing the southern region back to order, offering loans and black market jobs to fill the vacuum created by a lack of state attention to anyone outside the coronavirus red zone in the north. In exchange La Cosa Nostra will have recruited a whole new army of civilians ready to help it exploit whatever rises from the pandemic ashes. All this, and we aren't even halfway through the fourth week of the lockdown, now extended until “at least Easter” with most authorities cautioning it will be more like June or later before life is anywhere close to what it once was.
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.
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.
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."
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.
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.
European countries trying to keep Iran's nuclear deal with world powers alive said Tuesday that a system they set up to enable trade with Tehran has finally concluded its first transaction, facilitating the export of medical goods. Britain, France and Germany conceived the complex barter-type system dubbed INSTEX, which aims to protect companies doing business with Iran from American sanctions, in January 2019. The move came months after President Donald Trump unilaterally withdrew the United States from the nuclear deal that Tehran struck with world powers in 2015 and reimposed sanctions.
A magnitude 4.6 earthquake was reported Tuesday at 5:27 p.m. Pacific time 88 miles from Boise City, Idaho, according to the U.S. Geological Survey. The earthquake occurred 92 miles from Eagle, Idaho, 92 miles from Garden City, Idaho, 94 miles from Mountain Home, Idaho, and 97 miles from Meridian, Idaho. Find out what to do before, and during, an earthquake near you by reading our five-step earthquake preparedness guide.
More voters say the Trump administration isn't doing enough to combat the coronavirus outbreak, according to a new POLITICO/Morning Consult poll. The survey, conducted immediately before President Donald Trump announced a 30-day extension of his physical and social distancing guidelines “to slow the spread” of Covid-19, shows 47 percent of voters feel the administration isn't doing enough in response to the outbreak, greater than the 40 percent who feel the administration is doing the right amount. Two weeks ago, 43 percent said the administration wasn't doing enough in the days following the initial measures deployed to reduce the impacts of the virus, while 39 percent said it was doing the right amount.
This is Candy Sterling – a fierce drag queen who lights up the New York City nightlife while maintaining a professional day job. Get to know her both in and out of drag on this week's episode of Behind the Drag.
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.
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.
From Zaha Hadid's majestic MAXII in Italy to the stunning beauty of Frank Gehry's Vitra Design Museum, these structures elevate the environment they were built in Originally Appeared on Architectural Digest
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.
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.
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.
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.
The Trump administration is prepared to lift crippling sanctions on Venezuela in support of a new proposal to form a transitional government requiring both Nicolas Maduro and opposition leader Juan Guaidó to step aside in favor of a five-person governing council, U.S. officials said. The one-page “Democratic Transition Framework for Venezuela” was presented Tuesday by Secretary of State Mike Pompeo. It echoes a proposal made over the weekend by Guaidó that shows how growing concerns about the coronavirus, which threatens to overwhelm the South American country's already collapsed health system and economy, are reviving U.S. attempts to pull the military apart from Maduro.
Turkey's central bank on Tuesday added to its emergency program to help contain the economic fallout from the coronavirus outbreak, as the country's number of confirmed cases surged 25% and the death toll climbed to 214. The bank introduced new measures to ease lenders' access to credit and support liquidity in the government bond market, before the latest data showed Turkey's caseload of Covid-19 rose to 13,531 from 10,827 from a day ago. The latest step, unveiled two weeks after the central bank's first round of emergency measures, amount to “Turkish QE,” or quantitative easing, said Timothy Ash, a strategist at Bluebay Asset Management in London.
Cardinal Angelo De Donatis, Pope Francis' vicar for the diocese of Rome, on Monday became the highest-ranking Catholic official known to test positive for coronavirus. De Donatis' office said he was tested for the virus after feeling unwell and was admitted to a Rome hospital. A pope is also the bishop of Rome but appoints someone to act as his vicar to administrate the vast diocese.
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.
Hundreds of flights have been cancelled as fleets are grounded and the process of reimbursing people is under strain. EasyJet has faced particular anger as rebooking is done online but refunds require calling customer services and getting through is almost impossible. Holly Fitton, writing on Facebook, said: "I have been told to ring you for a refund.
A man is suspected of infecting his pregnant wife with the novel coronavirus after hiding his symptoms to join her in a New York hospital maternity ward, USA Today reports. The incident prompted the hospital — Strong Memorial Hospital in Rochester, New York — to impose stricter screening measures on the already few visitors allowed in the maternity ward. A man hid his coronavirus symptoms from hospital staff so he could be with his pregnant wife in a New York hospital maternity ward last week, USA Today reported Tuesday.