economy politics

Global Crisis Rolls On: Nearly 1 In 4 Americans Locked Down, Italy Shuts Production, Bezos Says Amazon ‘Critical’

"This is the most difficult crisis in our post-war period".

The number of Americans living under an effective shelter-in-place order rose to roughly 1 in 4 over the weekend, as states and localities adopt what are, by now, a familiar set of rules to help stop the spread of coronavirus in the US. Bars, nightclubs and other venues not offering food are closed. Restaurants are increasingly confined to delivery and takeout service. Public gatherings are banned. Some public beaches have been shut. And on and on. America's infection total looks set to hit 30,000 by the time the new week dawns. More than 300 Americans have died from the virus so far. In Europe, the situation is dire. Spain's case total hit 28,000. In Italy, nearly 5,000 people are dead - almost 800 perished on Saturday alone. Prime Minister Giuseppe Conte shuttered all Italian industries other than those necessary to maintain the supply chain. "[This] is the most difficult crisis in our post-war period", he said, in a video message on Facebook. "Only production activities deemed vital for national production will be allowed". Reports now suggest Boris Johnson's decision to shutter pubs and restaurants across the country was at least partially compelled by Emmanuel Macron, who
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6 comments on “Global Crisis Rolls On: Nearly 1 In 4 Americans Locked Down, Italy Shuts Production, Bezos Says Amazon ‘Critical’

  1. Viss says:

    What blows my mind is the time it’s taking Congress to tinker with how to get a one-time $1200 check to people. It’s criminal and absurd to not be planning for 3 to 4 months of payments. Do they really think a one-time small check will stop a run on banks in late May. I see Texas, of all states ss pondering delaying property taxes. But why isn’t that a national goal ASAP? As America explodes with actual virus impacts, a one-time unthought out solution is nothing less than fing stupidity!

  2. Viss says:

    Just read that Mr Treasury guy said that Trump thinks that in 10 weeks, their $1000 check isn’t enough, they’ll go back to Congress, but the obvious problem with that, is that 10 weeks from now there will very few things working and lots of dead people. I guess it was a little hopefully week ago in regards to the government doing whatever it takes to create stability, but now I see that we are all on our own, and will be living with a dysfunctional system. This is criminal and inconceivable!

    • mfn says:

      Rep. Tlaib has the right idea. Debit card preloaded with $2,000 for every adult in the country (no means testing; we’re all in this together). Reloaded at same level every month for six months. Cost: $2.4 trillion. Expensive, but this is the most serious economic emergency this country has faced since the Great Depression. Policymakers need to face up to that fact and do whatever is needed to prevent a rerun.

  3. mfn says:

    According to WaPo’s J. Stein, this is where the Senate ended up on checks:

    — $1,200 for all individuals earning up to $75K/yr (or $150K for couples);

    — $500 per child;

    — $0 for those above $99K

    — Based on 2019 return OR 2018 return;

    — NOT recurring (onetime check)

    — Phase-in eliminated


  4. Darkstar says:

    Turns out the virus can live for DAYS on cardboard. What happens if we find out Amazon is a super spreader?

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