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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
AUSTIN, Texas (AP) — Austin City Limits has joined the ranks of major music festivals that have been canceled because of the coronavirus. Festival organizers said in a statement Wednesday that scrapping the three-day October event was "the only responsible solution." "Austin City Limits Music Festival will no longer take place in 2020," organizers said in the statement. "We would have loved to put on another memorable show this year, however, with the uncertainty surrounding the current situation in Texas, this decision is the only responsible solution. The health and safety of our fans, artists, partners, staff, and the entire Austin community remain our highest priority."Organizers said they plan to celebrate their 20th anniversary at next year's festival in October.The announcement comes as Texas reported a record daily high of nearly 7,000 new coronavirus cases on Tuesday and Republican Gov. Greg Abbott urges people to stay home. The festival is one of the largest in the country. The Coachella music festival in California and Bonnaroo festival in Tennessee will also not take place this year. 1120
At least three people were killed and a dozen others injured Tuesday after gunfire erupted near a Christmas market in the center of the French city of Strasbourg, French authorities said.Strasbourg police said an armed person entered the perimeter of the Christmas market by the Corbeau Bridge around 8 p.m., heading toward the Rue des Orfèvres. The suspect then opened fire, police said. Police said they have identified the shooter, who remains at large.Here are the latest developments: 497
ATLANTA -- Senator Lindsey Graham said Tuesday he has spoken with election officials in a number of battleground states about their ballot counting procedures.Georgia’s secretary of state said that U.S. Sen. Lindsey Graham asked him whether he had the power to reject certain absentee ballots. Secretary of State Brad Raffensperger told The Washington Post he interpreted the question as a suggestion that he toss out legally cast ballots.Raffensperger said Graham asked him whether political bias might have caused election workers to accept ballots that might have been discarded for non-matching signatures. An accusation that there has been no evidence to suggest.Graham on Monday said that was “ridiculous.” He said he was trying to find out how signature verification for absentee ballots works in Georgia.Raffensperger, also a Republican, has been criticized by President Donald Trump and other fellow Republicans over his handling of the election and said he’s received death threats. He has rigorously defended the integrity of Georgia’s election results.Graham told reporters in D.C. Tuesday he also talked with officials in Arizona and Nevada, specifically to ask them questions about the process for validating signatures on ballots.President-elect Joe Biden is projected to win both Arizona and Nevada, and holds a 13,000 vote lead in Georgia as they finish up a recount.The Trump campaign issued a statement Tuesday afternoon that seemed to support Graham’s line of questioning, without providing evidence.“Georgia officials must continue with their recount efforts to ensure that the American people know the true outcome of the 2020 presidential election, and the Georgia recount must include a thorough matching of signatures,” the statement reads.When Sen. Graham was asked why he was making these calls, he responded he is a “United States senator who is worried about the integrity of the election process nationally, when it comes to vote by mail.” 1977
As the debate rages nationwide over what to do over a plethora of Confederate monuments, new concern is mounting over a Confederate rally planned for Richmond, Virginia, on Saturday.At the center of the debate is Richmond’s “Monument Avenue,” a collection of statues of Confederate leaders in the former Confederate capital. Back in May, the city’s mayor Levar Stoney said that while he personally believes the monuments are an “endorsement of a shameful past,” he didn’t believe there should be a rush to remove them. He had hoped for a dialogue to take place, and even floated the idea of adding plaques to the statues for more accurate historical context."I think we have an opportunity here in the city to actually be a hub for reconciliation."He created the “Monument Avenue Commission” and even solicited public input in the form of open public meetings. Richmond residents were not shy voicing their opinions.Rita Willis, a former teacher, attended the Aug. 9 public forum to say they are a part of Virginia’s history, whether some like it or not. However she emphasized that if they stay, other statues should be erected that highlight people of other races and ethnicities.George Knight, on the other hand, stood in the auditorium and gave city officials a tongue lashing.“Now is the time to finally get rid of the monuments and replace them with people who actually fought for freedom who actually stood for justice,” Knight said, his voice raising as officials urged him to keep calm. “You lost! Get over it already! Get rid of your participation trophies on monument avenue, get rid of it.”He was met with a spattering of boos as well as cheers.But some attitudes regarding the statues changed following the white nationalist rally last month in Charlottesville, Virginia, which culminated in counter-protestor Heather Heyer losing her life. Stoney is one who’s taken a slightly different position since Charlottesville and believes that perhaps they should now consider taking them down. He wrote in a statement that it had become clear that the statues were being used as a “rallying point for division and intolerance and violence.”The group rallying support around the Robert E. Lee statue on Saturday is a relatively small group out of Tennessee known as “CSA II: The New Confederate States of America.” The group’s president said they were “standing up for their proud heritage” in a nonviolent manner and that any white nationalists or racists who show up to rally with them will not be accepted.He said his message to Richmonders on edge regarding the weekend’s rally is simple: “We are here for peaceful purposes only.”“We will not stand for any violence in Richmond, Virginia.”But the city says they are taking protective measures to be safe. The mayor and police chief announced this week that any objects that can be used as weapons will be prohibited. One type of weapon that won’t be prohibited, however, are guns, as Virginia is an open-carry state.“If you do not respect our city,” Stoney warned, “law enforcement will lock you up." 3084