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As the University of Washington’s Institute for Health Metrics and Evaluation projected a resurgence of coronavirus-related deaths at the start of the fall, Treasury Sec. Steven Mnuchin said a second shutdown of the US economy is not on the table.In an interview with CNBC on Thursday, Mnuchin said, “We can’t shut down the economy again. I think we’ve learned that if you shut down the economy, you’re going to create more damage.”In the last three months, more than 113,000 Americans have died from the virus despite massive mitigation efforts. Efforts to mitigate the spread of the virus caused millions of US workers to file for unemployment.The coronavirus has remained deadly as state economies have return to operation. Johns Hopkins University says that the coronavirus has killed an average of 1,000 Americans per day over the last month, which is down from a peak of 2,000 to 2,500 per day during the month of April.It also appears that Mnuchin’s words did little to quell economic anxieties on Wall Street on Thursday, with the Dow Jones Industrial Average tumbling 1,800 points. The market had seen a steady rebound after a sudden drop in the market in March.Even with a functioning economy, Wall Street’s response to growing concerns of a coronavirus resurgence shows that further economic growth could be slowed. The US economy officially entered a recession in February as CDC leaders predicted that the US would experience community spread of the virus. There is no sign the US is poised to exit out of a recession.“There are other areas and we’ve talked about (a shutdown): medical problems and everything else that get put on hold,” Mnuchin said. “I think it was very prudent what the president did, but I think we’ve learned a lot.”Chairman of the Federal Reserve Jerome Powell told reporters on Wednesday that getting the economy back to where it was before the coronavirus began to spread could take time.“My assumption is there will be a significant chunk, well into the millions -- I don't want to give you a number because it's going to be a guess -- but well, well into the millions of people who don't get to go back to their old job and in fact there may not be a job in the industry for them for some time, there will eventually be but it could be some years before we get back to those people finding jobs,” Powell said. "When people lose a job, they can find a job in their own industry, that's the fastest way and no other people in the industry, different kinds of jobs, that's usually the fastest.“If you have to go and start over again it's much harder and that's where you lose people who fall out of the labor force and is very tough on their lives, we all know people.”Unemployment reached its highest level since the Great Depression in April. Even with the possibility of sustained high unemployment numbers, the Cares Act is set to end a 0 bonus to unemployment checks at the end of next month.Whether supplemental funds for unemployment checks will continue beyond next month is still up in the air as Congress considers a next round of stimulus funds. 3104
ATLANTA, Ga. – The head of the Centers for Disease Control and Prevention says the United States could get the coronavirus pandemic under control in one to two months if all Americans wear face coverings in public spaces.CDC Director Dr. Robert Redfield made the statement during an interview with the Journal of the American Medical Association, or JAMA, on Tuesday.“I think the data is clearly there that masking works,” Redfield told JAMA. “I think that if we can get everybody to wear a mask right now, I really do think that over the next four, six, eight weeks, we can bring this epidemic under control.”Redfield’s comments coincided with the release of two case studies that show how wearing face coverings can significantly reduce the transmission of the coronavirus.One of the studies, from JAMA, showed that a Boston hospital system reversed the infection trajectory among its employees and patients by adhering to universal masking policies.In the second study, the CDC highlighted how wearing a mask prevented the spread of infection from two hair stylists to their customers in Missouri.“Among 139 clients exposed to two symptomatic hair stylists with confirmed COVID-19 while both the stylists and the clients wore face masks, no symptomatic secondary cases were reported; among 67 clients tested for SARS-CoV-2, all test results were negative,” wrote the CDC. “Adherence to the community’s and company’s face-covering policy likely mitigated spread of SARS-CoV-2.”Experts say the virus that causes COVID-19 is thought to mainly spread from person to person, mainly through respiratory droplets produced when an infected person coughs, sneezes or talks.“These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs,” writes the CDC. “Spread is more likely when people are in close contact with one another (within about 6 feet).”In an editorial published by JAMA, the CDC affirmed that cloth face coverings are a critical tool to help stop this kind of spread.“We are not defenseless against COVID-19,” said Redfield. “Cloth face coverings are one of the most powerful weapons we have to slow and stop the spread of the virus – particularly when used universally within a community setting. All Americans have a responsibility to protect themselves, their families, and their communities.”The U.S. continues to lead the world in the number of COVID-19 cases, with nearly 3.5 million infections reported as of Thursday morning, according to a tally by Johns Hopkins University.Click here to learn more about COVID-19 from the CDC. 2600
Atal Bihari Vajpayee, India's tenth prime minister, died Thursday in New Delhi at the age of 93.A statement released by the hospital treating him said "his condition deteriorated over the last 36 hours and he was put on life support systems. Despite the best of efforts, we have lost him today.""India grieves the demise of our beloved Atal Ji. His passing away marks the end of an era. He lived for the nation and served it assiduously for decades. My thoughts are with his family, BJP Karyakartas and millions of admirers in this hour of sadness. Om Shanti," tweeted Indian Prime Minister Narendra Modi.Celebrity deaths of 2018: Remembering those we've lost this yearVajpayee was prime minister briefly in 1996 and 1998 before eventually serving a full term as premier from 1999 to 2004. He had been admitted in June to the All India institute of Medical Sciences in the capital, suffering from a urinary tract infection and chest congestion. His condition worsened, eventually becoming fatal.Vajpayee never married. He is survived by his adopted daughter, Namita.During his political career, Vajpayee's name became synonymous in India with the rise of the ruling Bhartiya Janata Party (BJP), which he helped found in the 1980s. His ascent to the premiership signaled the renewal of the party, which had grown to become the main opposition to the Indian National Congress before eventually overtaking that party.Vajpayee's tenure as India's leader was marked by significant developments in the country's defense policy, and he oversaw India joining the world's nuclear weapons club in 1998.Facing heavy criticism at home and abroad over India's nuclear ambitions, Vajpayee defied the threat of economic sanctions, telling parliament that "we have never made a decision after coming under international pressure and we will never do so in the future."Born in December 1924, Vajpayee grew up in the central Indian state of Madhya Pradesh and was one of the founders of the Janata Party, a splinter group of which became the modern BJP. During his youth he was briefly a member of the right wing Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS), and was arrested along with his brother in 1942 for protesting against British rule.Vajpayee won his first election to parliament in 1957, a decade after independence. He would go on to hold that role for nine terms.Though he was elected prime minister three times, Vajpayee only competed an entire term once. His first government collapsed in less than three weeks in 1996, and while he took power again in 1998, this only last 13 months before a disagreement within the ruling coalition sparked new elections.Vajpayee was returned to the premiership in 1999 after his BJP-led coalition secured a comfortable majority in the wake of a two-month long war with Pakistan over control of Kashmir.In late 2001, India's parliament was hit by a terrorist attack which Delhi blamed on Pakistan, while in 2002, riots in Gujarat claimed the lives of hundreds of Muslims.Despite India's contentious seven-decade relationship with Pakistan, Vajpayee is credited with being the only Indian leader to make significant progress in peace talks with the country's nuclear-armed neighbor.Even as he pursued a nuclear agreement with Pakistan, Vajpayee remained a defiant defender of India's security policy, an approach which eventually paid off. Economic sanctions imposed after the country's first atomic test were finally lifted in 2000 when Bill Clinton visited the country, the first US President to do so in 22 years. Vajpayee also improved relations with Beijing, officially recognizing Tibet as part of China.A talented orator, one of Vajpayee's most remembered speeches was a hugely critical one, bemoaning India's lack of progress after five decades of independence."Our country is counted amongst the poorest in the world," he said. "We can't make primary education a necessity. We are still expecting that girls should be educated. The birth of a girl in this country is still a curse."More than 15 years after the speech was given, however, the country continues to be plagued by many of the same problems.Away from politics, Vajpayee is also remembered as an accomplished poet, releasing many books over the years filled with Hindi poems.Just as his fellow BJP prime minister, Narendra Modi, has focused on promoting "brand India," Vajpayee saw great success in building his country's reputation around the world. He addressed the United Nations General Assembly in 2001 and a joint session of the US Congress in 2000. Bilateral agreements signed between his government and Moscow set the stage for annual summits which continue to this day, as does the close relationship with China he cultivated."At a time when an external stimulus has motivated us to unite against terrorism and for security, let us summon an equally strong inner resolve for development and poverty alleviation," Vajpayee said in his speech to the UN. "They are just as crucial for a global order at peace with itself."The-CNN-Wire 5061
AUSTIN, Texas (AP) — Democratic presidential candidate Beto O'Rourke says President Donald Trump should resign as Congress begins an impeachment investigation.O'Rourke said Saturday there shouldn't be a fear of an impeachment probe intensifying partisan divisions. The former Texas congressman said at the Texas Tribune Festival in Austin that he believes impeaching Trump would ultimately unify the country.But O'Rourke says "the best thing" Trump can do at this point is to step down. Trump defiantly denies any wrongdoing.The 2020 Democratic presidential field is unanimous in its support of Congress for launching an impeachment investigation. The White House's handling of Trump's calls with foreign leaders is at the heart of the House impeachment inquiry.O'Rourke has been lagging in the polls but says he's in the race "until the very end." 856
AUSTIN, Texas (AP) — Oscar-winning actor Matthew McConaughey will join the University of Texas as a professor who this fall will teach in the university's Department of Radio-Television-Film.McConaughey has been a visiting instructor at the flagship campus in Austin since 2015 and the university said in a statement Wednesday that the appointment recognizes his "outstanding work as a teacher and mentor."He will continue teaching a Script to Screen film production class for which he developed the course curriculum.The university says McConaughey is respected for his "willingness to work with students beyond the classroom."McConaughey earned a film degree from the school in 1993. He's appeared in more than 50 films, including "Dazed and Confused," ''The Wolf of Wall Street" and "Dallas Buyers Club," for which he won an Oscar and Golden Globe for his leading role. 880