During the last twenty four hours, the stock market hit the skids again ending a 11 year bull run. Trump addressed the nation and caused futures to hit the skids,. The NBA cancelled the remainder of the season indefinitely, and who knows what else will come. Oh, and The World Health Organization declared the coronavirus a pandemic on Wednesday.
But this is what we know thus far:
The Democratic controlled House of Representatives have worked on legislation cited as the ‘‘Families First Coronavirus Response Act’’.
The bill calls for :
- Special Supple- mental Nutrition Program for Women, Infants, and Children’’, $500,000,000, to remain available through September 30, 2021.
- $400,000,000 for the emergency food assistance program (food banks).
- If schools close for 5 consecutive days, food assistance for households with children who normally receive free or reduced-price meals at school.
- Suspending work requirements for SNAP.
- Emergency paid leave benefits program for people who must take extended time off work to be quarantined, receive medical treatment for coronavirus or care for a child affected by school or care facility closures due to the coronavirus.
- Eligible individuals would receive two-thirds of their average monthly earnings up to $4,000 for up to three months. People must have worked in the 30 days before they were impacted by the coronavirus in order to qualify.
- Occupational Safety and Health Administration (OSHA) to require health care sector employers to develop a coronavirus exposure control plan to protect workers.
- Twitter will require all employees to work from home.
- Senate staff member for Maria Cantwell‘s (WA) D.C. office has tested positive for the coronavirus.
- Trump finally copped a clue and cancelled both his Nevada and Colorado KKK rallies.
- Tom Hanks and his wife Rita Wilson test positive for the virus.
- Elderly should pretty much stay home.
More than 1,300 cases have been reported in the United States, with at least 37 deaths, including five new fatalities reported on Wednesday. Officials in upwards of 43 states and the District of Columbia have said they are treating patients, and Delaware, North Dakota and Mississippi reported their first cases.
Trump’s order banning travel from Europe for 30 days unleashed new shock in global markets Thursday, with Asian stocks and oil prices falling sharply as fears mounted over the prospect of a world recession due to the impact of the new coronavirus.
Prime Minister Giuseppe Conte of Italy on Wednesday ordered almost all businesses nationwide to close as infections and deaths from the new coronavirus continued to soar, two days after he announced stringent travel restrictions.
Pharmacies, grocery stores, banks and public transit will be allowed to operate, but any other commercial enterprise that is not vital — restaurants, bars, most stores, cafes, beauty salons — must close to limit the contagion, Mr. Conte said in an evening address to the nation.
