Writer. An health surely the most Immediate Impact of this crisis is the lives that are being taken from families and communities all over the world. Not focusing on the economics of it. It is very clear we will come out of this crisis with an enormous amount of debt. The debt story into three buckets. The first is government. The second is businesses and the third bucket is households. The federal government is on track to run budget deficits like we have never seen before. Last year we were hitting trillion dollar deficits, we thought that was eyeopening. Now we are talking about a 3 trillion deficit. And theral reserve central bank will play a very big role on financing that deficit. When you look at state and local governments, many of them by their own design have to run balanced budgets. For them in order to avoid accumulating debt, they will be doing a lot of cutting over the next several months or years. That will have economic impact. In the business sector, businesses came in
JALAN Ungku Puan in Johor Baru is alive with Deepavali vibes as rows of stalls offering all kinds of goods have been set up to usher in the Festival of Lights.
Last September, the remnants of Hurricane Ida battered the Delaware Valley with historic rainfall and strong winds. At its peak, Ida was a powerful Category 4 hurricane. By the time it arrived over the Mid-Atlantic United States, it was weaker but still mighty.
It has been one year since the remnants of Hurricane Ida battered Philadelphia, Montgomery, Chester, Delaware, and Bucks counties with historic rainfall and strong winds.