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
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course
The other used to be the lawyer of controversial client. I know that welcome the latest developments in a look back at whats been happening over the last 7 days to you watch the weekly here on r. T. International. Capital has been rocked by violence anger erupted over the decision to reintroduce measures after figures showed a surge in cases on saturday thousands protested outside the Parliament Building in the capital that is despite new restrictions by the government which banned gatherings of more than 10 people the measure was introduced earlier in the week causing even more discontent protesters say that the governments handled the pandemic badly and the calling for the president to step down. Theres no clear reaction here because its a conglomerate of false also things and the worst thing is that those protests are supported by those who destroy our country still not see what this is so we want to make a life we dont care who is in power and you want to just work in seeing the re
And, 2. 5 million women honored for their service and a singular surprise. Soledad the only woman ever to receive the medal of honor, Mary Edwards Walker. Find out what this Civil War Veteran did to earn the honor. Soledad im soledad obrien. Welcome to matter of fact. Its memorial day weekend, a time when we pause to remember and honor those who died while serving in the u. S. Armed forces. Today, our salute is a look back on the service of some of the bravest among us. The medal of honor is the highest award that can be given to a military hero in this country. It is bestowed by the president on behalf of Congress Following an extraordinary act of bravery. An honor reserved for those who risk their own lives, above and beyond the call of duty, in action against an enemy. More than just another accolade, it advances careers, provides a lifetime stipend, and allows the children of honorees a smooth path into the military academies. For those honored, it makes a world of difference. Toda
Real diagnosis are fooled. Early today starts right now it is monday morning and america is being told to prepare for what might be the worst week yet as we weather the coronavirus pan documentic as the death toll soars to devastating new milestones, Health Officials are warning this could be one of the most challenging weeks of all them. The cdc is recommending everyone wear face coverings in public riverside is making that protocol mandatory Law Enforcement have been given the authority to enforce the order as they deem necessary meanwhile in new york, the bronx zoo says covid19 spread to their big cats a tiger has tested positive and six other tigers and lions are showing symptoms, but all the expects are expected to be okay. New york city is the hard est hit region in the crown country. American airlines reduced flights to the area by 90 rs united also announcing deep c s cuts in texas, drivers crossing the state line from louisiana are are being screened patrols are asking travele