World Australia Lays Out Rescue Plan for Economy Stung by Covid-19

00:00  01 october  2020
00:00  01 october  2020 Source:   bloomberg.com

Graham: "We got the votes to confirm" nominee before election

  Graham: Four Republicans would have to break with the party to prevent a vote from coming to the floor. Senator Mitt Romney of Utah, who broke with the party to vote in favor of convicting President Trump on one article of impeachment, has not yet weighed in. If the vote is split 50-50, Vice President Mike Pence would cast the tie-breaking vote.

An aircraft storage facility in Central Australia is now so full that its owners have had to seek out more space. Many carriers haven't had enough passengers to justify flying One industry analyst said the facility's expansion is a clear indication of the difficulty airlines are facing during the Covid - 19 pandemic.

Australia considers restricting unvaccinated people but walks back on making Covid - 19 jabs Further laying it on thick, Australia 's Deputy Chief Medical Officer, Dr Nick Coatsworth, threatened that any The current plan is to immunize 95 percent of Australia 's 25-million population, once the cure arrives.

(Bloomberg) --

After slowing the coronavirus pandemic to just a trickle of new cases a day, Australia’s Prime Minister Scott Morrison faces his next challenge: shoring up an economy that’s plunged into its first recession in almost 30 years.

His conservative government on Tuesday will deliver its latest rescue plan, with a federal budget expected to include accelerated tax cuts and infrastructure spending to restore growth and tackle rising unemployment.

Trump Says Coronavirus 'Affects Virtually Nobody,' As U.S. Has World's Highest Death Toll

  Trump Says Coronavirus 'Affects Virtually Nobody,' As U.S. Has World's Highest Death Toll At a campaign event on Monday, Joe Biden struck a different tone to the president, stating the number of dead cannot become "background noise."Prison volunteers help combat Brazil's Pantanal wildfires

The COVID - 19 outbreak is dominating the news — the disease has been confirmed in 10 new countries, the stock market is reacting and an emergency plan has been activated in Australia . Let's break down what all that means. This story was being regularly updated throughout the day until late

WA records one new COVID - 19 death. NZ Warriors player stays in Auckland due to illness. Iran plans to reopen mosques and schools in areas that have been consistently free of the coronavirus Some parts of Brazil are running out of coffins for coronavirus victims, with the country recording 6

Scott Morrison wearing a suit and tie: Prime Minister Scott Morrison Visits Adelaide © Photographer: Kelly Barnes/Getty Images AsiaPac Prime Minister Scott Morrison Visits Adelaide

Scott Morrison

Photographer: Kelly Barnes/Getty Images

It’s a dramatic rewriting of Morrison’s economic narrative that less than 12 months ago was focused on returning the budget to surplus for the first time in more than a decade. Instead, the deficit is expected to blow out to A$198.5 billion ($141.8 billion) in the 12 months to June 30, 2021, according to Deloitte Access Economics.

chart: Goodbye Surplus © Bloomberg Goodbye Surplus

The budget strategy is about three things, Morrison told reporters this week. “It’s about cushioning the blow, it’s about recovering what was lost, and it’s about building for the future,” he said.

Australia has been buffeted by lockdowns and border closures, with the economy contracting by the most on record in the second quarter. Unemployment has climbed to 6.8% and is forecast by the central bank to reach 10% by year-end. The government has responded with stimulus packages worth A$314 billion.

How do you teach performing arts when there are no performances? This school is learning

  How do you teach performing arts when there are no performances? This school is learning Arizona School for the Arts reinvented itself for the virtual classroom after COVID-19 took the live performing out of performing arts education.S.

The government has unveiled the beginnings of a business rescue package which will include a wage subsidy scheme for those affected by the economic downturn

The Government has released the COVID - 19 Safety Plan checklist you must complete before doing so. Chief Minister Michael Gunner said the NT would push ahead with its plan to open up many Just fill it out , submit it and get back to business," he said. Mr Gunner said Government health officers

a sign on a city street: Australia's Second-Largest City Re-Enters 6-week Long Virus Lockdown © Bloomberg Australia's Second-Largest City Re-Enters 6-week Long Virus Lockdown

A shopping cart is left abandoned on a deserted street in Melbourne, Australia on July 9.

Photographer: Carla Gottgens/Bloomberg

An initial recovery, helped by early success in containing the virus, was interrupted by a resurgence of community transmission in Victoria state and a renewed lockdown in Melbourne, the nation’s second-largest city. Victoria is now gradually starting to unwind restrictions after subduing the outbreak. The state reported just 13 new cases of the virus on Wednesday, and nationwide, new cases are averaging less than 20 a day.

The government has taken any talk of budget repair off the table potentially for years to come.

Coronavirus Travel Restrictions by State

  Coronavirus Travel Restrictions by State The Centers for Disease Control and Prevention has advised Americans that traveling could help spread the coronavirus.At the time of writing, the U.S. has 6,814,696 confirmed cases, with India and Brazil having the second and third highest case numbers respectively, as shown in the below graphic. The U.S. has confirmed 199,531 deaths from the coronavirus (COVID-19), with 2,590,671 confirmed recoveries. According to Johns Hopkins University's coronavirus map, New York, New Jersey and Texas have the highest numbers of deaths respectively.

As Australia buys itself crucial time in the fight against COVID - 19 , a cautious sense of optimism is starting to grow among those racing to get our hospitals ready.

Australia is running out of toilet paper -- and it's due to coronavirus. As the virus continues to spread around the world, fear of contagion is spreading too, leading people to stock up on basic necessities such as tinned food and hygiene products. In Australia , shoppers are focusing on stocking up on

Treasurer Josh Frydenberg says the long-term fiscal plan involves supporting the economy through tax measures and structural reforms and there won’t be a shift from providing stimulus to rebuilding fiscal buffers until the unemployment rate is “comfortably” under 6%. Deloitte Access Economics is forecasting the jobless rate will average about 8% in fiscal 2021-22 and still hover at 6.8% the following year.

Still, the government retains its conservative impulses. Morrison’s signature JobKeeper program of subsidizing employees to keep them in work is already being scaled back and is due to be scrapped by March. Despite pleas from welfare groups and the opposition Labor party to prolong such support for the jobless and underemployed, Morrison said this week that “the idea of maintaining many of those sorts of support in that environment, I think would be counter-intuitive.”

a store in a brick building: China's Building Boom Splits Australia Into Two-Speed Economy © Bloomberg China's Building Boom Splits Australia Into Two-Speed Economy

A ‘postponed’ notice is displayed on a board advertising scheduled performers at a venue in Melbourne on Sept. 1.

Photographer: Carla Gottgens/Bloomberg

Andrew Hughes, an expert in political branding at the Australian National University in Canberra, said the coronavirus-induced recession had freed the government from the straightjacket of plegding to return the budget to surplus.

“The government may be relieved that the pandemic has given it an out to walk away from its core economic message of providing economic stability through cutting debt, a promise that restricted its ability to give sweeteners to voters,” said Hughes. “That could be liberating, but in the end Morrison knows he will be judged on whether he can steer the economy out of recession and keep voters in work.”

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

NFL implements COVID policy changes; Raiders players fined .
In response to the growing number of positive COVID-19 tests around the league, the NFL is taking action. In a call with all 32 teams the league office laid out a slew of new policy changes, and sternly warned teams about the consequences of not following them. © Kirby Lee-USA TODAY Sports In the memo recapping the call, which you can read courtesy of this tweet from Tom Pelissero of NFL Network, they laid out some new protocols.

—   Share news in the SOC. Networks
usr: 3
This is interesting!