U.S. COVID loans saved 51 million jobs, gave billions to the rich
[NFA] Data on the small business Paycheck Protection Program (PPP) seemed to confirm worries among Democrats and watchdog groups that in addition to mom-and-pop shops, the funds went to well-heeled and politically-connected companies.
World Health Organisation's Dr Michael Ryan explains how Covid-19 is notshowing signs of seasonal patterns, and that lifting restrictions is what willcause it to "bounce back". He warns Europe to keep the pressure on the virusin order to avoid this bounce back.
Credit: PA - Press Association STUDIO Duration: 00:55Published
Nepal government allocated hospitals in Kathmandu valley are now running short of beds for COVID-19 patients, along with life-saving ventilators which stand low in number. Slowdown in number of COVID-19 cases due to government induced lockdown was short-lived as cases have started to emerge at an alarming rate. Due to the rapid spike in the new cases in Kathmandu valley, all the beds and intensive care units available at hospitals are already occupied for COVID-19 patients. Kathmandu valley, which comprises Bhaktapur, Lalitpur and Kathmandu District, in total has reported 485 cases. Flow of patients from outside Kathmandu valley is also increasing with ease of lockdown and people attempting for pre-lockdown schedule which has raised the infection rate in capital of the Himalayan Nation. On a daily basis, about 1000 people returning back from districts outside Kathmandu pour into the hospital for tests but only 300 of them get tested as per the cap fixed on by the hospital administration. Ministry of Health and Population on Friday released its plans and estimated a steady rise in cases in coming days. The Ministry has planned to take the total number of ICU beds in the nation to 2, 600 and number of ventilators to 900. In lack of proper bed, 68 infected ones on Friday were asked to keep themselves under home isolation while 25 only were admitted to the hospital. According to the Health Ministry, about 30 percent of the confirmed infected ones are on loose.
The number of Americans who signed up for first-time jobless benefits remained stuck above 1 million for the 20th straight week, in the clearest signal yet of a stalled economic rebound. Conway G. Gittens dives into the numbers.
Nick Cordero died Sunday after a grueling battle with the Coronavirus, Kanye West's Yeezy received more than $2 million through the Paycheck Protection Program and Brad Pitt will lead Sony action thriller 'Bullet Train' from David Leitch.
Credit: The Hollywood Reporter Duration: 01:51Published
Unemployment claims dipped last week to 1.5 million but remained historically high. As Fred Katayama reports, a second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated.
[NFA] For the first time in 25 years a Democratic presidential candidate is running TV ads specifically targeting Texas, and Democrats say even a small investment in the Lone Star state could boost down-ballot contests and force Republicans to shift resources from other battlegrounds. This report produced by Zachary Goelman.
[NFA] After U.S. counterintelligence said Russia was actively working to undermine Democratic candidate Joe Biden ahead of the presidential election, President Donald Trump's national security adviser said China was trying to actively interfere as well. This report produced by Zachary Goelman.
[NFA] U.S. House Speaker Nancy Pelosi on Sunday urged a restart of congressional talks on extending coronavirus aid, saying executive actions taken by President Donald Trump a day earlier would have little immediate impact on Americans facing economic distress amid the pandemic. This report produced by Yahaira Jacquez.
Reuters US stocks closed down on Tuesday as investors mulled Senate Republicans' coronavirus stimulus package and a slew of earnings reports. The GOP continued negotiations on its initial fiscal relief plan throughout the day. The $1 trillion package includes another round of $1,200 payments and additional funds for small-business loans. Experts expect a long negotiation period as Republicans and Democrats spar over their respective proposals.