Massive local tax increases. Anyone of those alone threatens to make this economic crisis even worse and the combination of all three is almost unthinkable. The bureau of labor statistics just reported that state and local governments laid off nearly one million workers in april. That is almost one million firefighters, police officers, teachers, Emergency Personnel that should be on the front lines of the Public Health crisis but are sidelined instead. Chairman powell, let me start by asking, do you agree that our economy will get worse if state and local governments are forced to lay off even more firefighters, teachers, any and Emergency Personnel . Let me say what we are doing. We have a liquidity facility that is there to address the shortterm liquidity needs that these entities have because of their loss of revenue due to the effects of the pandemic. That is really the tool that we have. I appreciate that. That is not my question. States,ion is if counties, and municipalities con
Im not thinking out of the gym well i guess sometimes i am but i found nothing which prevent me to germany thinks deep into the general culture of looking at stereotypes a question that in years think is an essential country that i dont. Need to be taken as grandma down to you its all about. Im rachel join me from the gentleman from d. W. Post. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even canceling old debt. Also on the show whats a hotel to do when there are no guests to book about renting out. Rooms as home offices. This is a Business Report im stephen theres in berlin its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic and an interv
Kind of freedom that we. Coded more become a way to islamist terror. An exclusive report from a destroyed sitting. In the sights of fire starts may 20th on w. Cut. Countries are spending big to keep their economies alive right now but many nations simply cant raise the cash well talk to the president of the world bank about freeing up money for poor countries and maybe even cancelling all debt. Also on the show whats a hotel to do when there are no guests to book about renting out rooms as home offices. This is a Business Report im stephen. Its good to have you with us the world bank is urging rich nations to support developing countries in the fight against the krona virus pandemic repeating its warning that 60000000 people could be thrust into extreme poverty by the pandemic in an interview earlier today World Bank President David Malpass told me that nations could even choose to cancel poor countries debt 1st i asked him how the global lender is working to get billions of dollars of
Guidelines a picture and video of the hangout on Chestnut Street has raised concerns on social media i think we were blamed for when we were really not part of that, but we just happen to be open may well tis business has signs posted to remind customers to follow covid19 guidelines and to take their order to go. Hes thankful. Police busted up friday nights crowds but feels hes been caught in the crossfire of quarantine fatigue and city enforcement i cant tell from your whats going on down there whats going on over here i just can see it as narrow storefront. Some we control the area right front of our her down the block it was present and so on sunday afternoon that there were no crowds in hardly any sun and Police Looking to enforce socialdistancing rules as apd says they spoke with the Business Owners friday night about customers grouping together you know i have to admit it was excessive but there is a part of me that was happy. Finally people being out after so many months jason a
Is not leading the world in coronavirus testing but we are leading the world in coronavirus death does that count that we get a prize for that you know maybe a decoder ring or plastic spider to scare your friends. Were probably also close to leading the way in the level of unemployment increase during the pandemic so theres Something Else to be proud of right now we have to ask ourselves is there another way we could be doing things right now is there a better way yes of course paris lets take a look at countries that dont have corn dog brains look at denmark denmark has had almost twice as much testing per capita as the United States and fewer than half as many deaths per capita that would mean around 40 or 50000. 00 extra americans have died in the past few months because we have not dealt with. This as well as denmark that 169 elevenths that could have been stopped if we hadnt behaved like idiots but death is not the only problem caused by this pandemic theres also the economic coll