A deep recession and growing unemployment in Europe are clouding the global economic situation.
EU economy expected to shrink 7.4% this year, investment is expected to collapse and unemployment, debt and deficit will rise in the aftermath of the brutal coronavirus pandemic, the Commission announced on Wednesday. European.
To put these figures into perspective, the European Union’s economy is projected to grow 1.2% this year and, in its worst recession in 2009 during the financial crisis, its economy fell 4.5%.
Predicting the magnitude of a recession can be a moving target, the commission said, the bloc’s executive arm, and things could end up being much worse.
“The danger of a deeper and longer recession is very real,” wrote Maarten Verwey, chief economic officer of the commission, in a preface to the forecast.
Italy and Spain, the two EU countries most affected by the disease, will see their economies contract by more than 9% each. Greece, which had started to turn the page after a decade of economic calamities, is expected to suffer the most from the 27 nations of the union, losing 9.7% of its economic output this year.
And unemployment is expected to be rampant, averaging 9% across the block and reaching 19.9% in Greece, the European Commission said.
The bloc’s largest economy, Germany, will also be hammered, and its economy is expected to decline 6.5% for the year. France, the second largest economy in the block, is expected to contract by 8.5% this year.
The grim set of predictions predict a disastrous impact that is deeply uneven, but still widespread. The European Union has more than 400 million people and a major trading partner with the United States, China and the rest of the world.
“Will some people be affected? Yes. Will some people be seriously affected? Yes. But we have to open our country and we have to open it soon, “said Mr. Trump.
Federal scientist filed a formal whistleblower complaint, claiming that administration officials pushed him to direct millions of dollars in contracts with clients of a well-connected consultant. Whistleblower Rick Bright, who was director of the Department of Health and Social Services Advanced Biomedical Research and Development Authority until his dismissal in April, said he protested “cronyism “And abuse of contracts since 2017.
On the same day, the coronavirus response effort led by President Trump’s son-in-law, Jared Kushner, was charged with cronyism and gossip that late efforts to obtain essential protective gear and equipment, according to a complaint to the House Oversight Committee.
Registers and emails obtained by The Times – as well as interviews with current and former FEMA officials, former task force volunteers, and others informed of the agency’s work – provide the most detailed picture to date of the way staff at Kushner complicated the government’s response to the deadly crisis.
As Trump administration closed task force, virus has been busy finding new hosts across the country, with at least 25,000 infections detected daily. The only proven way to slow the spread of the virus is strict social distancing, but strict restrictions impose severe economic costs, and pressure has been put on officials to get people back to work.
Even Wendy’s is the chain that invented the slogan “Where’s the beef?” – was forced to remove burgers from the menu at several of his restaurants.
As the The coronavirus pandemic is crossing the country, leaving behind a large number of deaths that surpass those in recent history. New York Times analysis of state data from the Centers for Disease Control and Prevention begins to give an idea of the number of lives lost, both from coronavirus and fears of using an overwhelmed healthcare system .
A handful of regions account for most of the death toll across the United States, the analysis said. In New York, for example, since mid-March, there have been 23,000 more deaths than normal. Illinois, Massachusetts and New Jersey also recorded more than 1,000 more deaths than usual between March 15 and April 11.
In a larger group of states, including California, Florida and Texas, the increase in deaths was more modest at the start of the pandemic, but death rates are still higher than normal.
While federal government warehouses were running empty and medical workers improvising their own safety gear, the president’s son-in-law, Jared Kushner, placed a team of volunteers with no experience in supply chain front line work administration supply. . Volunteers were asked to prioritize the advice of President Trump’s political allies and associates, followed on a worksheet titled “V.I.P. Update “, according to New York Times documents and emails.
Among them were leaders of Republican members of Congress, the Young Trump activist Charlie Kirk and a former apprentice candidate who chairs the Women for Trump campaign. Few leads, V.I.P. or otherwise, excluded, according to a notice of termination written by a volunteer and sent to the House Oversight Committee.
Federal officials who had spent years developing contingency plans were superimposed by Kushner’s allies, who believed their experience in the private sector could solve the country’s impending supply shortage. The volunteers – who came from venture capital and private equity firms – had the skills to quickly eliminate good prospects from the bad mountain, administration officials said in an interview. FEMA and other agencies, they said, were not equipped for this unprecedented task.
But at least one tip from the volunteers turned into a costly debacle. In late March, emails obtained by The Times said two of the volunteers submitted contract forms submitted by Yaron Oren-Pines, a Silicon Valley engineer who said he could supply more than 1,000 fans. Federal officials then sent the tip to senior New York officials, who assumed that Mr. Oren-Pines had been examined and awarded him a $ 69 million contract. Not a single fan has been delivered.
“The nature and scale of the response seemed extremely inadequate,” said a volunteer who, like the others, signed a non-disclosure agreement and spoke only on condition of anonymity. “It was bureaucratic cycles of chaos.”
Public transit officials presented the closure as an unfortunate but necessary measure imposed by the deadly pandemic. Since March, the coronavirus epidemic has sent ridership fell by more than 90%, starved the authority of their usual sources of income and caused an influx of homeless people seeking refuge on mostly empty trains.
However, the night closure leaves an indelible mark on a city long defined by its agitation 24/24 and its endless energy.
The constant movement of people has shaped the way the growing metropolis has matured – the constant pulse of the city’s underground arteries has made New York City the iconic city of the country, the place where no friend, family or colleague slept. never at the same time.
Throughout the system, the complicated task of shutting down the system took place in almost all stations: regular drivers early in the morning had to find other ways to get to work, police and social workers tried to coax the homeless who may be mentally unstable off the subway, and the cleaners tried to work quickly and thoroughly to disinfect the rolling stock in four hours.
Unlike police and firefighters, most public transport workers, although essential to the city, did not expect to face life-threatening danger on the job. Now, like the reluctant soldiers whose draft numbers have been called, many seem to have been thrown onto the front lines of a deadly war for which they were unprepared and unwilling to fight.
“It’s a trying thing to go to work everyday without knowing what’s going to happen,” said Keith Medina, a bus operator who chose to burn 20 of his personal days in March and April rather than risk being exposed to the virus. . “We did not sign up for this. “
Just off Wyoming Street in the hilly, working-class town of Hazleton, Pennsylvania, Laury Sorensen and her husband Emil dragged the groceries of a pickup truck upstairs to her parents’ wood-frame house .
They sought to spare Ms. Sorensen’s father, Rafael Benjamin, from a trip to the supermarket during a time of infectious disease. He was at risk enough working for Cargill Meat Solutions in an industrial park outside the city.
The governor of Pennsylvania had issued a closure order, but exempted Cargill, who packages the meat in plastic wrap. Benjamin, a good-natured man who has rarely missed a day, said his colleagues were working shoulder to shoulder in March without a mask or gloves and that he feared it had turned into a petri dish for the disease.
A few days later, Mr. Benjamin was unable to come on the phone. “He fell ill on Tuesday,” wrote his son-in-law. “He is wearing a respirator. “
Then another text: “He was six days from his retirement. Mr. Benjamin died in April.
The virus has swept across Wyoming Street in a town of 25,000 people nestled in the forested and leafless foothills of the Poconos.
Michael Powell reports that five days spent along a few blocks of old townhouses and worn storefronts revealed that the virus was everywhere. We were only talking about people who got sick.
The workers along these blocks, particularly those in the many factories and warehouses of Hazleton, were faced with a primary calculation. They could not leave their jobs, even though their colleagues had fallen ill and some had brought the virus with them.
Trump wore safety glasses while visiting the 500-employee Honeywell plant, which previously manufactured aerospace equipment. But he was not wearing a mask, despite signs near the factory announcing safety instructions that included the warning, “Please wear your mask at all times.” Other members of Trump’s entourage, including the White House’s chief of staff, Mark Meadows, and national security adviser Robert C. O’Brien, also made no secret.
The President made strongly political remarks after his visit to the factory. But it was the strange soundtrack playing in the background that left many people puzzled.
As he looked at the protective gear, the Guns N ’Roses rendering of” Live and Let Die “sounded through the speakers.
Searches for the song exploded on social media and critics quickly took notice.
“I can’t think of a better metaphor for this presidency than Donald Trump not wearing a mask for a mask factory while the song” Live and Let Die “sounds in the background,” said the talk show host. late evening Jimmy Kimmel wrote on Twitter.
Even though they have cut service considerably, the largest American airlines have an average of only 17 passengers on domestic flights and 29 on international flights, according to a copy of congressional testimony from the director of Airlines for America, an industry group .
At the same time, the airlines are collectively burn about $ 10 billion a month as they cut costs and wait for passengers to return, said industry group chief executive Nicholas Calio at a Senate hearing on aviation Wednesday.
“While the industry will do everything it can to alleviate and meet the multitude of challenges, there is no factual doubt that the US airline industry will emerge from this crisis a mere shadow of what it was only three months ago, “said Calio. in the prepared remarks.
Calio has responded to complaints from some consumers that airlines strongly encourage them to take vouchers rather than refunds for canceled flights, saying that if carriers refund all canceled tickets at the same time, they may have to ask for the protection of bankruptcy law.
Describing Covid-19: “As if someone in my head was trying to push my eyes out. “
There is a clinical list of symptoms of Covid-19 which includes a dry cough, fever and shortness of breath. And then there is how the disease feels. Like a long hangover. Like an alien takeover. Like in a fight with Mike Tyson.
When can we start babysitting again?
The kids in your workspace, interrupting meetings and causing chaos in your work day, surely made you consider inviting the grandparents for a respite in the afternoon. But it may not be time to relax the limits of child care. Here are some things to consider before calling your babysitter.
Follow the news of the pandemic by our team of international correspondents.
The restrictions were relaxed in Hong Kong after more than two weeks with no new local cases.
The reports were provided by Alan Blinder, Michael Powell, Marc Santora, Reed Abelson, Nicholas Confessore, Michael Crowley, Luis Ferré-Sadurní, Christina Goldbaum, Maggie Haberman, Andrew Jacobs, Zolan Kanno-Youngs, Jodi Kantor, Josh Katz, Denise Lu, David E. Sanger, Margot Sanger-Katz and Noah Weiland.