US economy purged 17 mn jobs amid pandemic
Washington (AFP) - US unemployment is rising at a jarring rate, with data released Thursday showing 17 million people have lost their jobs since mid-March as officials scramble to apply a tourniquet to stem the damage from the coronavirus pandemic.The Federal Reserve launched a series of new lending programs Thursday to pump $2.3 trillion into the damaged US economy, but Fed Chair Jerome Powell tried to offer reassurance, saying the recovery could be "robust."The Fed's announcement came at the same time as a Labor Department latest weekly report showed 6.6 million more people filed for unemplo...
Super Bowl-champion Chiefs agree to one-year deal with cornerback Bashaud Breeland
The Chiefs are bringing back a key piece to the defensive secondary that helped them win Super Bowl LIV.The Chiefs agreed to terms a one-year deal with cornerback Bashaud Breeland, sources confirmed Thursday with The Star. While financial details were not disclosed, ESPN’s Rob Demovsky reports the deal is worth $4.5 million.Breeland, 28, originally joined the Chiefs on a one-year deal in March 2019 and helped a remarkable turnaround against the pass on the team’s march to a Super Bowl championship. With Breeland and Charvarius Ward manning the outside cornerback positions, the Chiefs finished ...
The Kansas City Star
Top official says sports unlikely before Thanksgiving in California's Santa Clara County
SAN JOSE, Calif. — Fans wanting to attend a 49ers game or any other sporting event in Santa Clara County could be wanting until late November, if not later.That was the message Santa Clara County Executive Officer Jeff Smith delivered to the Board of Supervisors during a discussion Tuesday about when strict shelter-in-place orders might be relaxed. The orders, which were initially issued in mid-March, are intended to slow the spread of COVID-19.“Sorry to say,” Smith told Supervisor Mike Wasserman, “I don’t expect that we’ll have any sports games until at least Thanksgiving, and we’ll be lucky ...
The Mercury News
NBA players to receive full April 15 paychecks, but return still uncertain because of coronavirus
NBA players will receive their full paychecks on April 15, a league source confirmed.There had been some uncertainty about whether players would get their full amount during this pay period since they are not playing amid the coronavirus pandemic. Owners are not obligated to pay the full amount because of an emergency clause in the players’ contracts.The NBA and the National Basketball Players Association have been negotiating a salary-reduction percentage for upcoming paychecks.On Tuesday, the players association reiterated to agents that owners could withhold 25% of players’ remaining salary...
The Philadelphia Inquirer
If Detroit Lions want to trade down in NFL draft, Tua Tagovailoa's injury concern may help
Concerns about Tua Tagovailoa’s injury history could be heating up two weeks before the NFL draft, and that might help the Detroit Lions’ chances of trading out of the No. 3 pick.Former NFL general manager Michael Lombardi, who worked with both Lions general manager Bob Quinn and coach Matt Patricia with the New England Patriots, said in his “GM Shuffle” podcast that he knows of two teams who flunked Tagovailoa on his combine physical, including one in the top 10.“It’s not just his hip,” Lombardi said. “It’s his ankle. It’s his wrist. He broke his wrist the first day of spring ball one year. A...
Detroit Free Press
‘Self Made’ TV Review: Octavia Spencer Can’t Save Uneven Miniseries
The exceptional and eccentric life of Madam C.J. Walker — America’s first female self-made millionaire — has long been one of the most egregiously untapped stories in Hollywood. Thanks to a team of producers including LeBron James and star Octavia Spencer, Walker’s story has finally made it to audiences the world over.If only the final product was worthy of its subject matter. Based on A’Lelia Bundles‘s celebrated biography of Walker, Self Made tracks the entrepreneur’s serpentine journey through cold calls, cheating husbands and fictionalized encounters with some of the period’s most notable ...
That trip to the MVC can wait. Agency closed until end of April.
Drivers will have to put off that planned trip to state Motor Vehicle Commission’s agencies and inspection stations at least until late April.Chief Administrator Sue Fulton said the MVC’s agencies, inspection stations and road testing facilities will remain closed at least until April 27, due to the coronavirusoutbreak.Thursday’s announcement continues an earlier decision to close until April 12, she said in a statement. This is the second extension since MVC facilities were initially closedon March 16.To help drivers with expiring licenses, registrations, inspection stickers and temporary tag...
Economic impact of COVID-19 and future challenges | Daily FT
At present, COVID-19 has affected over 200 countries and territories around the world. Although the virus originated in China, it has now spread among all other countries. Even though the world is marching towards a technological boom, no one has been able to find a successful medicine andremedial measures. (https://www.worldometers.info/coronavirus/)Daily statistics of the COVID-19 has surprisingly increased with the highlight of USA reporting the highest number of total cases of 311,357 and; in Europe, Italy 124,632 Spain 126,168 and Germany 96,092. The average total cases in the world have ...
Daily Financial Times
Europe and Sri Lanka’s mutual support in times of COVID-19 | Daily FT
Tourism, exports, remittances are just three examples of how abrupt and impactful the economic shock is. Our work must therefore proceed on two fronts: first and foremost, we must deal with the crisis in the here and now, and reduce its spread and impact on human lives. Second, we must put all the building blocks in place to ensure that our economies recover as quickly as possible once the health crisis has passed– Pic by Shehan GunasekaraAt this very moment, the entire world is working hard to contain COVID-19. A special tribute has to be paid to health workers, who are on the front lines of ...
Daily Financial Times
Is God punishing us? | Daily FT
The Odyssey of Coronavirus from China to the United States: After President Xi Jinping made his phone call, will President Donald Trump listen to the ‘God of Science’ and follow the Chinese lead to make the world a better place for all ‘brothers and sisters under Heaven’? By Patrick Mendis and Dominique ReichenbachTAIPEI, Taiwan: The novel coronavirus has brought the world to a standstill with cases and death tolls surging daily. It has incited mass panic in its refusal to discriminate against patients — infecting the young and elderly across every ethnic, religious, and political identity aro...
Daily Financial Times