Activity in the Second Quarter of 2020 we are going to see eyepopping forecasts in the third quarter. We cannot lose sight of what that means for people who are struggling, businesses who are struggling, in the fact we still have a deep hole. Recovery,led k shaped and those who do not have options to work from home, is already fading away. We see a hollowed out downtown. [indiscernible] what does that mean for city revenue . In high rent districts employment is still at that 45 of precovid levels. Colleagues and i have a clause looking at what this means for cities and how it depends on revenue structure, industry, and exposure to covid as well as federal and state policy response. If i could get the next slide, please . Go. E we going into this there were a lot of things we thought we knew about city economies and finances. Much of that has been upended by covid. You are thought to be a Success Story if you are a service economy, and now they are under threat. We used to think cities
Are been institute, this runs an hour. After recordbreaking declines in Economic Activity in the Second Quarter 1 45,020 we are going to be 25 vote in the Second Quarter. For people who are still struggling to climb out of. What is written about the cake shaped recovery, workers at the low Income Distribution who dont have option to work from home and for whom federal help is already taken away. As we see with fewer workers buying lattes, any service that depends on a smile, what does that mean for revenue . One estimate suggests in high rent districts, employment is at 45 so we have my colleagues and i, for cities and looking at how it depends on revenue structure and exposure to covid19, federal and state policy response. If i could get the next slide please. There we go. The point is going into this there are a lot of things we knew about city economies and finances and it has been upended by covid19. A Success Story and many of those jobs are under threat. Cities that successfully
We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we
Hello this is bbc news with shaun ley. The headlines. The queen has opened a new session of parliament, brexit and the nhs are at the heart of the new governments legislative agenda. More than 30 bills have been announced, with seven covering the uks depature from the eu. A cash injection for the nhs is to be made law. There were also promises of safer streets with the recuitment of more Police Officers and tougher action on the most dangerous criminals. Scotlands first minister, Nicola Sturgeon has set out her plans for another independence referendum and has warned borisjohnson not to block the will of the scottish people. New figures reveal the worst ever performance at accident and emergency units in welsh hospitals. Fewer than 75 of patients were seen within four hours in november. Reports from moscow say at least one person has been killed in a shooting called on the ministry of defence to do much more about racism. Reports from moscow say at least one person has been killed in a
Intensify brexit talks with the uk but both sides say more work is needed to get a deal. Turkeys offensive against the kurds continues, the un says 100,000 people have now fled their homes in Northern Syria. And the five year old daughter of Nazanin Zaghari ratcliffe, the british woman jailed in iran, returns to britain. Ina in a moment its going to be sportsday but first lets take a look at what else is coming up on bbc news. At 7 15pm, we will speak to professor Laura Hammond about the Nobel Peace Prize awarded today to the ethiopian prime minister. And that 7 20 p m we are going to be discussing matters with the met Police Deputy assistant commissioner Lawrence Taylor after the met revealed extension rebellion protests have stretched Police Forces in london. And at 7 30pm i will be speaking to the trade expert sam lowe about the green light the eu has given full brexit talks with the uk to now intensify. Thats coming up on bbc news. First its sportsday. Here is what is coming up on