Trump signs coronavirus aid bill.
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Thursday, March 19
DEM CALLS GROW: NO BAILOUT BUCKS FOR BIGWIGS As Congress begins working on a huge fiscal package to soften the economic blow from the coronavirus pandemic, Democrats are demanding that any taxpayer bailout to major industries include restrictions on corporate bonuses and stock buybacks. They want to avoid the kind of outrages that happened in 2009, for example, when the insurance company AIG handed out millions in bonuses after receiving a bailout from the federal government. [HuffPost]
TRUMP SIGNS CORONAVIRUS AID BILL After changes that watered down its paid sick leave provisions, a bipartisan bill offering financial relief to vulnerable Americans affected by the coronavirus was signed by President Donald Trump. The bill will make coronavirus testing free, expand unemployment insurance benefits, give paid leave to some displaced workers, and increase spending on Medicaid, food stamps and nutrition assistance. [HuffPost]
2 MEMBERS OF CONGRESS TEST POSITIVE Reps. Mario Diaz-Balart (R-Fla.) and Ben McAdams (D-Utah) both announced they have tested positive for COVID-19. Hours later, Rep. Steve Scalise (R-La.) reported he was in self-quarantine. In a statement, Diaz-Balart said he had developed a high fever and headache on Saturday. [HuffPost] |
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| | | | | | | WUHAN REPORTS NO NEW INFECTIONS FOR FIRST TIME The central Chinese city of Wuhan, the epicenter of the country’s coronavirus outbreak, reported no new infections for the first time, while imported cases surged by a record, led by new infections in the capital of Beijing. The new imported infections also accounted for all of the new confirmed cases in mainland China, placing more pressure on authorities to screen travelers at key travel hubs. [Reuters]
U.S. MANUFACTURERS START SHUTTING DOWN MAJOR PLANTS Detroit’s Big Three automakers announced they are ceasing production at their U.S. plants due to the coronavirus. Ford will halt production at all North American facilities through March 30, and G.M. is also suspending work over that time frame. Fiat Chrysler will idle its facilities through at least March 31. They are working closely with the United Auto Workers union to carry out an orderly shutdown. [HuffPost]
FED LAUNCHES 3RD EMERGENCY LENDING FACILITY The Federal Reserve announced it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the viral outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. Meanwhile, spasming world financial markets stabilized Thursday, with investors still running scared. [HuffPost]
IT'S NOT JUST BOOMERS. YOUNG PEOPLE ARE GETTING SERIOUSLY SICK. Dr. Anthony Fauci, a top infectious disease expert and a leader in the fight against the COVID-19 coronavirus, has a message for younger people out and about despite calls for social distancing. “You yourself could be in harm’s way,” he said on CNN, noting cases that show young people can suffer seriously from COVID-19. “You have a responsibility ... to protect the vulnerable,” he added. [HuffPost] |
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| | WHAT'S BREWING
TRUMP INVOKES ACT TO MARSHAL PRIVATE SECTOR Managing dual health and economic crises, Trump announced that he will invoke emergency powers that allow the government to marshal the private sector in response to the coronavirus pandemic. Trump, now describing himself as a “wartime president,” said he was employing the Defense Production Act “in case we need it." [AP]
FORCED TO TAKE VIRUS SERIOUSLY, TRUMP TURNS TO RACISM At Trump’s coronavirus press briefing on Wednesday, a reporter confronted him about why he has begun referring to it: the “Chinese virus.” “There are reports of dozens of incidents of bias against Chinese Americans in this country,” she began. “Because it comes from China. It’s not racist at all,” Trump replied. “No, not at all. It comes from China, that’s why.” [HuffPost]
HOSPITALITY WORKERS' UNION ESTIMATES 80%-90% WILL LOSE JOBS The leading labor union for hospitality workers said it expects 80% to 90% of its 300,000 members to be out of work due to the coronavirus outbreak. The union’s members, a majority of whom are women, tend to work in hotels, airports and casinos ― all businesses that have been hammered by closures and a precipitous drop in demand. [HuffPost]
U.S. SPANISH SPEAKERS MAY NOT BE GETTING TIMELY UPDATES As government officials across the country warn about the dangers of the coronavirus, they’re doing so predominantly in English. They’re potentially not reaching the millions of Spanish speakers who aren’t proficient in English. Advocacy groups and Spanish-language media have stepped up to fill in the gaps as cities and states say they’re working to translate guidance on handwashing and the effect of closures. [HuffPost]
BRAZIL IS REPEATING THE U.S.'S WORST MISTAKES Sunday afternoon, as the number of confirmed coronavirus cases in Brazil passed 100, President Jair Bolsonaro left the presidential palace in Brasilia to mingle among thousands of pro-government demonstrators outside. It was the latest rash and irresponsible move from the far-right president, who was supposed to be in self-isolation even after saying he tested negative for COVID-19. [HuffPost]
SANDERS TO 'ASSESS' HIS CAMPAIGN AFTER MORE LOSSES Sen. Bernie Sanders (I-Vt.) will “assess” his bid for the 2020 Democratic presidential nomination following another round of primary losses, his campaign said. “The next primary contest is at least three weeks away,” Sanders’ campaign manager Faiz Shakir said in a statement. ″Sen. Sanders is going to be having conversations with supporters to assess his campaign.” [HuffPost] |
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