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[Report] SENEWS-2020-03-27

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[Report] SENEWS-2020-03-27

SENEWS-20200327 Report


Economics  Report


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[Homework]SENEWS-2020-03-27

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More than 3 million jobless Americans asked the United States government for financial assistance last week.That is the record number for one week the US labour department reported Thursday.The old record had been 695,000 from 1982.This is the beginning of the really bad numbers we are going to see for the next few months said /.She is head of US rate strategy and society general in New York city.Also on Thursday,the chairman of the federal reserve Jeron Paul told NBC television that the US may already be in recession as many companies have suspended operations. Schools,movie theaters and other businesses have closed as Americans turn to social distancing to slow the growth of coronavirus.The central bank chair added that progress in controlling the spread of the coronavirus will decide when the economy can fully reopen.Wednesday night,the US senate approved a 2-trillion dollar bill to help people and businesses during the coronavirus pandemic.The measure is the largest stimulus bill in the American histroy.The house of representative is expected to pass it on Friday.Once signed it to law,it will provide direct payments to many Americans as well as provide money to businesses that hurting?.Lawmakers hope the bill will prevent the economy from heading into a long economic depression such as the one the United States experienced it in the 1930s.US president Donald Trump said this week that he would like to see Americans go back to work by easter April 12.He suggested that efforts to slow the virus may no longer be needed at that date.However,serveral companies and business groups are lisenting to health offcials who say Americans need to stay home for a much longer amount of time.We urge all businesses and the public to listen to public health officials when it comes to social distancing says Neil Bradely of the US Chamber of Commerce.But some business leaders are agree with the president.Former Goldmen Sax chief executive officer / crashing the economy Jobs and / is also a health issue.His comments appeared on Twitter.The Ford Motor company announced Thursday it will open its factories as earlier as April 6th.Ford said it will include new safty measures for its workers.In Europe,government offcials and industry leaders are still discussing the need for a full shut down.Italy,which has the most coronavirus death of any country is adding new restrictions.French president Emmanul Macron has urged some workers to continue reporting to work.Spain is in a complete shut down.The country has the second largest number of death from the virus more than 4000.In China where the virus was first identified 3 months ago,economic conditions are just beginning to improve.In the United States,New York city is now the epicenter of the virus.New York has more than 17,000 confirmed coronavirus cases.Hospitals in the city are running out of room to store the bodies of the died one worker told the news orgnizations.New York State governor Andrew / said Wednesday the peak of the infection is still about 3 weeks away.He said he expects as many as 140,000cases and nearly 40,000 people will need hospitaliazation.

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