Tag Archives: WorldNews

Trump says he is ‘seriously’ considering a capital gains tax cut

All it would do is allow more churn of stocks – zip/zero effect on jobs – put more billions in hands of billionaires.

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President Trump on Monday said he is considering a capital gains tax cut in an effort to create more jobs. The statement comes days after Trump signed executive orders to extend unemployment bene…

German firms expect coronavirus restrictions to public life for a further 8.5 months

An Ifo survey has found that some German firms anticipate a year more of restrictions as Europe’s biggest economy fights to recover from a pandemic-induced downturn. The leisure sector is the most pessimistic.

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An Ifo survey has found that some German firms anticipate a year more of restrictions as Europe’s biggest economy fights to recover from a pandemic-induced downturn. The leisure sector is the most pessimistic.

Abe says Japan must avoid declaring coronavirus emergency to help economy

Lost touch with reality of what Covid-19 is and can do to cripple economy by striking over and over again – WAKE UP!

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TOKYO (BLOOMBERG) – Japanese Prime Minister Shinzo Abe said the country must try to avoid declaring another emergency, in order to soften the blow to the economy caused by the coronavirus pandemic.

Private-sector economists expect gross domestic product to have fallen by more than 20 per cent in the April-June quarter, he told reporters in the south-western city of Nagasaki. That would be a worse hit than the financial crisis, which caused more than a million people to lose their jobs, Mr Abe added.

“Considering the effect on employment and livelihoods, we must do all we can to avoid re-issuing the declaration, while controlling the infection as far as possible,” he said. Under a state of emergency declared in April, many businesses closed and people were urged to stay at home.

The central government hasn’t issued a blanket request that people avoid travel over the traditional Obon holidays this month, even as some regional governors declare their own emergencies, or urge residents to stay put.

Mr Abe said the government would provide two trillion yen (S$26 billion) in aid for virus-hit hospitals, and that more would be available if needed.

Many of Japan’s privately run medical facilities have been hit hard by the pandemic, and the government fears that widespread bankruptcies would make it impossible to deal with any sudden increase in coronavirus patients, the Yomiuri newspaper said earlier on Sunday (Aug 9).

Hospitals that are accepting Covid-19 patients have had to cut back on other services, reducing their income. Even those that don’t treat the coronavirus are seeing a fall-off in consultations, as many people avoid enclosed spaces for fear of infection.

While Japan’s data has been called into question because of limited testing, the Ministry of Health, Labour and Welfare had recorded 1,039 total deaths from the virus as of Saturday – a figure the US often reaches in a day.

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Abdul Samad Quits in First Govt. Resignation over Blast

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Information Minister Manal Abdel Samad on Sunday quit in the first government resignation since a deadly port blast killed at least 160 people and destroyed swathes of Beirut.

“After the enormous Beirut catastrophe, I announce my resignation from government,” she said in a statement carried by local media, apologizing to the Lebanese public for failing them.

Boris Johnson ‘would close pubs before schools’ in local Covid-19 lockdown

Risk children’s lives, and of the their parents, grandparents, teachers, staff – what a heartless dunderhead looking out for himself not the kids.

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Prime minister says it is a ‘national priority’ and ‘moral duty’ to get all pupils back into classrooms

Boris Johnson has spoken of “a moral duty” to get all children back in class amid indications he would force pubs, restaurants and shops to close ahead of schools in the event of severe coronavirus flare-ups.

The prime minister is understood to favour only closing schools as the last resort after scientific advisers warned more restrictions may be needed to reopen classrooms in England next month.

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Most fresh flowers you buy are grown overseas and they could be a biosecurity timebomb

It might be surprising, but at least half the flowers sold in Australia are imported, predominantly from Kenya, Ecuador and Colombia. And industry figures say that’s a potential problem.

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It might be surprising, but at least half the flowers sold in Australia are imported, predominantly from Kenya, Ecuador and Colombia. And industry figures say that’s a potential problem.