Fed: US economy faces 30 per cent drop over coronavirus

first_img President Donald Trump has already wound up his coronavirus taskforce as he gears up to reopen the economy. whatsapp But Powell told CBS: “There’s no clear finding that it actually does support economic activity on net, and it introduces distortions into the financial system, which I think offset that.” But only 14 US states have reported a decline in new cases for two weeks – a federal guideline to meet to begin reopening – according to Reuters. Speaking to CBS show 60 Minutes, Powell said: “This is a time of great suffering and difficulty… you can’t really put into words the pain people are feeling. Show Comments ▼ So far the US has approved almost $3 trillion (£2.5 trillion) in stimulus to help the economy. The packages are worth around 14 per cent of the US economy and Democrats approved another $3 trillion package on Friday. Federal Reserve Board chairman Jerome Powell has warned the US economy could “easily” decline by 20 to 30 per cent over the coronavirus pandemic. (AFP via Getty Images) Also Read: Jay Powell: US economy could shrink 30 per cent over coronavirus “I continue to think, and my colleagues on the Federal Open Market Committee continue to think, that negative interest rates is probably not an appropriate or useful policy for us here in the United States,” he said. Federal Reserve Board chairman Jerome Powell has warned the US economy could “easily” decline by 20 to 30 per cent over the coronavirus pandemic. (AFP via Getty Images) Also Read: Jay Powell: US economy could shrink 30 per cent over coronavirus However, more than 36m Anmericans have filed for unemployment since the start of the pandemic. And 89,562 people have died in the US, which now counts 1.49m infections, according to Johns Hopkins University. Share Jay Powell: US economy could shrink 30 per cent over coronavirus Federal Reserve chairman Jay Powell has warned the US economy could “easily” decline by 20 to 30 per cent over the coronavirus pandemic. Joe Curtis Federal Reserve Board chairman Jerome Powell has warned the US economy could “easily” decline by 20 to 30 per cent over the coronavirus pandemic. (AFP via Getty Images) Also Read: Jay Powell: US economy could shrink 30 per cent over coronavirus He said local leaders can make te decision, saying “in almost half of our reporting counties, we have had not a single death”. Powell called on the Trump administration to offer more economic relief and to pour more money into the US economy as the crisis drags on. Monday 18 May 2020 7:28 am However, that is not expected to pass the Republican-majority Senate. Federal Reserve Board chairman Jerome Powell has warned the US economy could “easily” decline by 20 to 30 per cent over the coronavirus pandemic. (AFP via Getty Images) US Health and Human Services Secretary Alex Azar has defended the decision by most states to begin lifting lockdown measures. Trump has pressured Powell to bow to negative rates – where banks effectively pay people to borrow money – to help citizens through the pandemic. whatsapp Tags: Coronavirus “This economy will recover. It may take a while. It could stretch through the end of next year. We really don’t know.” Unemployment may peak at 25 per cent, Powell said, but he ruled out negative interest rates as a measure to fight the coronavirus fallout. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniorszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDefinitionThe Funniest Yard Signs EVER WrittenDefinitionGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousainvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.com The US central bank boss also warned the economic downturn could continue until late 2021, and there may be no recovery until scientists create a vaccine. Trump’s administration is focused on reopening state economies. last_img read more

Juneau’s League of Women Voters hosts mayoral debate

first_imgShare this story: Juneau | Local Government | SoutheastJuneau’s League of Women Voters hosts mayoral debateFebruary 25, 2016 by Elizabeth Jenkins Share:Mayoral candidates Karen Crane and Ken Koelsch at the Juneau League of Women Voters debate. (Photo by Jeremy Hsieh/KTOO)Juneau’s mayoral hopefuls Ken Koelsch and Karen Crane attended a packed debate hosted by the League of Women Voters Wednesday. The program opened with two Thunder Mountain High School students introducing the candidates, who were questioned about the economy, housing, homelessness, addiction, marijuana ordinances and a growing senior population. Thunder Mountain High School and the League of Women Voters contributed to the crowd sourced list of questions.Juneau voters will elect a new mayor in the special election March 15. If you missed the debate, you can listen to the full recording here:Audio Playerhttps://media.ktoo.org/2016/02/MAYORAL-DEBATE-2-24-16-1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

2 dead, 10 missing after boat from Cuba capsizes near Key West

first_imgAdvertisementTags: boat crashCoast GuardKey West RELATEDTOPICS Retired Immokalee teacher swims 12 miles around Key West while raising money for student’s tuition June 15, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments KEY WEST, Fla. – The Coast Guard is searching for 10 people that went missing after a boat that left from Cuba flipped near Key West.The Coast Guard said that two people died in the incident that happened about 16 miles southwest of Key West. So far, units rescued eight people and recovered two bodies from the water at about 1 p.m. Thursday.“Our responders are focused on the search for survivors,” Senior Chief Seth Haynes, Key West command center supervisor, said. “We will continue to search through the night for those reported missing, and if any mariners see or hear anything, to render assistance if possible and contact the Coast Guard.” AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementcenter_img AdvertisementThe Coast Guard said the eight who were rescued told them the group left Puerto de Mariel, Cuba, on Sunday, and capsized sometime Wednesday evening.Officials said the survivors were receiving food, water and basic medical attention aboard a Coast Guard cutter, NBC News reported.The search is continuing as they look to find those 10 missing people. Drunk Florida man arrested after boat crashes into Naples bridge June 12, 2021 Advertisement Coast Guard rescues 3 people after high winds push pink flamingo raft away from shore June 10, 2021 Sailboat causes power outage for 30,000 Florida Keys customers April 13, 2021last_img read more

Plea to strengthen domestic consumption contradicts cadres’ taste for foreign goods

first_img News SHARE News North Korea’s Kim Jong Un is emphasizingthe need to focus on domestic manufacturing and consumption of homemade goodsto counteract the nation’s unhealthy reliance on imports. In actuality,however, high- level Party cadres continue to show a preference for foreigngoods when it comes to everything from home appliances to beverages. In a telephone conversation with the DailyNK on January 29th, a source from North Pyongan Province said, “These days, theauthorities are trying to use the [state-run publication] Rodong Sinmun andlectures to stimulate the consumption of domestic goods. However, these pleasare contradicted by the behavior and purchasing patterns of the cadres, whohave continued to buy foreign goods. This trend underlines one of the wayscadres live a double life, saying one thing while serving in their officialfunction, and then behaving a different way when they are not.” This was substantiated by reports from twoadditional sources: one in Pyongyang and another in South Pyongan Province. He continued, “Upper level cadreswear foreign clothes, use expensive, German [or what they believe to be German]home appliances, and snap up Russian and Japanese goods when given theopportunity. The clothes, appliances, furniture, and foods that these cadresget from foreign sources using bribe money exceeds the amount they get usinglegitimate means.”   The Cuckoo brand rice cooker made in SouthKorea has continued to be imported through China’s Dandong City through customsat the North Korean border town of Sinuiju. It is an item that is expresslyforbidden by customs regulations, but the cadres openly use their authority tofacilitate the inward flow of the popular rice cookers, the source said, noting, ”As Seollal [Lunar NewYear] approaches, Chinese goods will continue to be imported legally, but SouthKorean products will continue to be smuggled in as well.”Meanwhile, he added, North Koreanauthorities are lecturing and emphasizing how important it is to be anindependent economy. This is in response to the impending sanctions fromAmerica and the broader international community following the regime’s 4thnuclear test. By continuing to rely on outside nations and failing to develophome grown economic power, North Korea’s enemies will succeed in theirobjectives, authorities argue. However, by shoring up local resources andeconomic independence, sanctions and blockades will be less effective. That iswhy the regime is encouraging residents to contribute to the production andconsumption of domestic products.   “It doesn’t matter how much Kim Jong Unexpounds on the importance of economic independence. North Koreans already havethe mentality of preferring foreign goods. It is not likely to wither away justlike that. Even three-year-old children know that even the General [Kim JongUn] has an affinity for foreign products. In witnessing such hypocrisy, thepeople can do nothing but laugh,” the source asserted.When purchasingforeign goods, cadres are said to like more than just products from China, which are largely used as foreign-currency earning methods by trading companies or sold in the markets to consumers. In fact, Chinesefood products are regularly criticized by cadres and ordinary residents like for “containing loads of chemicals and being unclean.” “The donju [newly wealthy class] generallydon’t let Chinese coffee touch their lips, preferring South Korean brands ifthey have a choice. Failing that, they’ll go with Russian varieties. In termsof what bribes they would like to receive during the Lunar New Year, the donjusaid that South Korean products are best. Those thinking about giving Chineseor North Korean products should probably think again,” he concluded. Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders Facebook Twitter AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Plea to strengthen domestic consumption contradicts cadres’ taste for foreign goodscenter_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) US dollar and Chinese reminbi plummet against North Korean won once again By Daily NK – 2016.02.01 11:05am News RELATED ARTICLESMORE FROM AUTHOR NewsEconomylast_img read more

PowerShares ETF switch to take effect Dec. 13

first_img Companies Invesco Canada Ltd., Aequitas NEO Leah Golob Share this article and your comments with peers on social media Facebook LinkedIn Twittercenter_img Invesco Canada announced the plans to change the listing venue of PowerShares Ultra Liquid Long Term Government Bond Index ETF to NEO from the TSX earlier this month. This will be the first ETF migration for Invesco Canada and the second time an ETF issuer has moved ETFs to NEO from the TSX. Earlier this year, Toronto-based BlackRock Asset Management Canada Ltd. moved certain iShares funds to NEO. Read: Invesco moves PowerShares ETF to NEO Toronto-based Invesco Canada Ltd. has announced that its plan to move PowerShares Ultra Liquid Long Term Government Bond Index ETF to Aequitas NEO Exchange Inc. (NEO) from the Toronto Stock Exchange (TSX) will take place in two weeks. Invesco Canada has already received conditional approval from NEO to list the units of the ETF on the exchange. The firm anticipates that the ETF will be delisted voluntarily from the TSX on Dec. 13. Units of the ETF will then be listed on NEO and available for trading the following day. last_img read more

COP26 President “We must ensure that we leave no issue and no one behind”

first_imgCOP26 President “We must ensure that we leave no issue and no one behind” Friends,It is fantastic to speak to you from Hanoi as you meet in session for the first time since COP25 in Madrid, almost 18 months ago.It is vital that we make this session count.Over the past months I have met and spoken with many world leaders, ministers, civil society organisations, chief executives of businesses, and youth representatives.And their message is clear – the world is watching us. It is watching our processes.We must step up our global response to the climate crisis.Demonstrating the same urgency as we are showing in fighting the coronavirus pandemic.This session represents a vital opportunity to make tangible progress within the UNFCCC process.It really cannot be about dusting off position papers from COP25 and resuming where we left off. We must take this opportunity to move beyond positional statements.And instead, we must work together, we must consolidate options and draft text that we can bring to COP26 for finalisation and adoption.We must put in these really hard miles of work now so we arrive in Glasgow having done our homework, ready to reach agreement that keeps 1.5 degrees within reach.Agreement that protects people and nature from the impacts of climate change. Agreement that mobilises finance, and agreement that encourages cooperation across borders and across society to deliver against the goals of the Paris Agreement.And we must ensure that we leave no issue and no one behind.I have utmost faith in all of you making full use of the coming weeks.And in the expert leadership of SB Chairs Marianne Karlsen and Tosi Mpanu Mpanu, with whom the UK and Chile continue to work extremely closely.And I would like to thank the SB Chairs, as well as my dear friend the Executive Secretary Patricia Espinosa, and her whole Secretariat team, for their efforts in organising this session.Particularly, their great work in addressing the very valid concerns raised on virtual working.And I would like to wish all of you the very best for this vital session.I look forward to reading the outputs of your collective efforts.Thank you. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, Chile, climate change, climate crisis, coronavirus, Government, Hanoi, leadership, Madrid, pandemic, Paris, President, Secretary, Society, UK, UK Government, UNFCCClast_img read more

National Ad Campaign For CU-Boulder Highlights “Minds To Match Our Mountains”

first_imgAn ad campaign featuring CU-Boulder’s academic excellence debuts this month in five cities across the United States in an attempt to acquaint top-tier out-of-state students with some of CU’s strong and competitive programs.The Minds to Match Our Mountains campaign, initiated by Institutional Relations Director Bobbi Barrow and created by CU advertising Professors Larry Weisberg and Brett Robbs, will feature ads in business publications and on National Public Radio.The campaign is being tested in Minneapolis, Dallas, Boston, Tulsa and San Diego.”We have one of the top 25 public research universities in the nation, based on our academic excellence,” said Richard L. Byyny, chancellor. “We wanted to get that word out through a campaign in markets where students have demonstrated interest in our programs, and where we have alumni who can personally testify to the quality education they received.”Byyny said the goal is to attract serious students who are looking for challenging academic programs.”The campaign is innovative and fun, and we hope it will improve understanding of the interdisciplinary and diverse nature of CU’s increasingly excellent academic offerings,” said Barrow. “Our fabulous Colorado setting is so famous that people often do not realize what excellent academic programs we have to offer and what a wonderful total learning environment we have here.”Programs highlighted in the campaign include:* Technology and innovation with a focus on CU’s Alliance for Technology, Learning and Society (ATLAS).* CU-Boulder’s new five-year combined bachelor’s and master’s degree programs.* A nationally ranked program in entrepreneurship and other business disciplines.* Interdisciplinary environmental programs. CU offers environmental programs in engineering, journalism, atmospheric and oceanic sciences, chemistry and biochemistry, environmental, population, and organismic biology, environmental studies, geography and geological sciences.”CU has long been a premier institution in environmental studies,” Barrow said. “We’re glad to have the opportunity to share this success with prospective students. “The campaign will refer prospective students to a specially created website: http://mountains.colorado.edu/. Details on each of the campaign’s programs are highlighted on that site, which was created by the Office of Web Communications at CU-Boulder. The site links to the CU-Boulder Home Page and all other academic offerings.Professor Robbs said the advertising team set out to create witty ads that depict academic excellence and a “human, approachable institution.” Robbs said most college ad campaigns are bland and use generic headlines and copy. The Minds to Match Our Mountains campaign, however, creatively points out distinctive benefits of the CU programs featured.”The campaign is smart and simple with an element of surprise that will evoke a smile,” Robbs said.”We are fortunate to have advertising faculty who bring a great deal of professional agency experience and enthusiasm to this project,” Barrow said. Professors Weisberg and Robbs donated their time to the campaign. Norm Shearer, a 1996 CU graduate, provided the art direction and design.Both Weisberg and Robbs said working with student-turned-colleague Shearer was rewarding and inspirational. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Sept. 28, 1998 last_img read more

Death toll from Nipah virus rose to 15 in Kerala

first_img The missing informal workers in India’s vaccine story Death toll from Nipah virus rose to 15 in Kerala The natural host of the virus is believed to be fruit bats of the Pteropodidae family, Pteropus genus The death toll due to Nipah virus in the state rose to 15, with a 28-year-old man succumbing to the deadly virus here, a health department official said today. Akhil, a native of Karassery, who was undergoing treatment at the Kozhikode Medical college hospital (KMCH) since May 29, died last night, the official said. Two more persons, confirmed of having contracted the virus are being treated at KMCH, he said. Besides, 1,353 people who had been in contact with the affected persons before the confirmation of the disease, are under observation, the official said.Madhusudhanan (55) of Nellikode in the district, who was undergoing treatment in a private hospital here also breathed his last. He was working as a Senior superintendent in the Kozhikode District Court. The outbreak of the Nipah virus infection, a newly emerging zoonosis that causes severe disease in both animals and humans, is suspected to be from an unused well in Perambra which was infested with bats. The natural host of the virus is believed to be fruit bats of the Pteropodidae family, Pteropus genus Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Read Article News Phoenix Business Consulting invests in telehealth platform Healphacenter_img WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Related Posts Menopause to become the next game-changer in global femtech solutions industry by 2025 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Share By EH News Bureau on May 31, 2018 last_img read more

AT&T captures $92 million FBI contract

first_img AT&T bagged a $92 million deal to provide mobile services to the US Federal Bureau of Investigation (FBI), a deal one executive cited as an example of growing momentum in the operator’s public safety business.Stacy Schwartz, VP of the FirstNet programme, told Mobile World Live AT&T will provide the FBI with devices and connectivity, stating the deal was a significant “win all the way around” for the dedicated public safety network the operator was commissioned to build and operate in 2017.She explained while some FBI employees already used FirstNet, the deal would result in a “large majority of users” switching to AT&T from Verizon.“A lot of the agencies that have adopted FirstNet we’ve actually acquired from our competitors. We were not the public safety market share leader previously, but FirstNet is creating a lot of interest and momentum for us.”Information on the FBI website shows it employs around 35,000 people.Schwartz noted the five-year contract had the potential to bring additional users and revenue from other agencies through a provision allowing more branches of the Department of Justice to purchase FirstNet service.The deal adds to a contract AT&T sealed in October to provide FirstNet devices and service to personnel at 72 US Army bases. Subscribe to our daily newsletter Back AT&T pushes cybersecurity to public sector AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore5 08 DEC 2020 Previous ArticleHuawei vows to appease Sweden over 5G banNext ArticleInterview: Telenor outlines 5G vision Author AT&TFBIFirstNet US chip funding tipped to top $150B Amazon reels in MGM Tags Home AT&T captures $92 million FBI contract Related Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Diana Goovaerts last_img read more

Premium / Supply chain radar: Squared circles – what if CMA CGM goes for Panalpina, and DSV is left out?

first_imgCopyright: Port of LA Password* By Alessandro Pasetti 06/02/2019 Email* Email* New Premium subscriber REGISTER Please either REGISTER or login below to continue LOGIN From CMA CGM vs DSV to CEVA Logistics vs Panalpina ? and beyond, is a very small step for me, because if CMA CGM is just half as good as I think it is, despite all the consolidation talk led by the freight forwarders, the French carrier will likely be the one that surprises us all again in 2019, one way or another.SignsMaybe I read too much into the Monday events. But it was a nice coincidence that on the day Ceva Logistics reported its …center_img Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Forgotten your password? Please click here Reset Your Password << Go back Please Login Premium subscriber LOGIN Resetlast_img read more