Category Archives: News

The News

British Prime Minister and Prince of Wales Test Positive for Covid-19

It was announced that British PM Boris Johnson has tested positive for Coronavirus. The Prime Minister said he had a fever and persistent cough and was currently self isolating in Downing Street. He assured the British people his symptoms were mild and he was continuing with the job of running the nation. The country’s Health Secretary is also ill with the virus.

Prince Charles, the heir to the throne is also suffering from Coronavirus it was announced. The 71 Prince tested positive earlier this week. He is said to have mild symptoms and is staying the the Queen’s Scottish Highland estate of Balmoral.

Read More: BBC

Fox Primetime Host Trish Regan Leaves Network: Coronavirus Impeachment Scam

Trish Regan primetime  host a Fox Business Network has abruptly left the network. Her departure comes after she suggested the Chinese coronavirus could lead to another attempt to  impeach  Trump.

“We thank her for her contributions to the network over the years and wish her continued success in her future endeavors,” a Fox Business Network spokesperson said in a statement. “We will continue our reduced live primetime schedule for the foreseeable future in an effort to allocate staff resources to continuous breaking news coverage on the Coronavirus crisis.”

Regan met with criticism when she hosted a segment accusing the Democrat Party and the corporate media of carrying out a “Coronavirus Impeachment Scam.” She said to her viewers:

“We’ve reached a tipping point. The chorus of hate being leveled at the president is nearing a crescendo as Democrats blame him and only him for a virus that originated halfway around the world,…. This is yet another attempt to impeach the president.”

“Many in the liberal media using, and I mean using, coronavirus in an attempt to demonize and destroy the president,” she added.

Read More: Beitbart

President Trump Prepares Criteria for U.S. County Governors to Access Risk

The President has written to governors in every local region to put forward guidelines to help each county access the risk of Coronavirus for them. The President is keen to enable low risk regions of the country to operate with less strict restrictions, as soon as possible.

“This is what we envision: Our expanded testing capabilities will quickly enable us to publish criteria, developed in close coordination with the Nation’s public health officials and scientists to help classify counties with respect to continued risks posed by the virus,” Trump wrote.

Each county would be given a federal category: “high risk”, “medium risk” or “low risk”. The categories would be given after all the data for these regions was accessed.

“I want to thank each of you, along with your frontline responders and essential workers, for stepping up to help America confront this unprecedented global pandemic,” Trump wrote.

Read More: Breitabrt

Mobile Phone Industry Looking at Global Tracking System for Covid-19

The mobile phone industry is exploring a tacking system which will use data from customers to create a database to track the spread of Coronavirus.

Some national governments are already using mobile phones to track the virus and monitor those in quarantine.

However, this would be a massive expansion of data sharing across companies and nations. And has lead to security and privacy concerns.

Read More: The Guardian 

Hundreds of CEOs Resigned in the Last Few Months, Why?

In the weeks and months leading up to the stock market crash hundreds of CEOs resigned. Fortune magazine described it as the “great CEO exodus of 2020”. CEOs sold of billions of dollars of stock in their own companies just before the share prices sky dived.

At the end of last year a record number of  1,480 CEOs left their posts. This would not be unusual during a recession, but almost unheard of during a time of financial prosperity. And although their were signs that the global economy was slowing, few would have forecast a global recession.

Furthermore in January this year an additional 219 CEOs stepped down. The Wall Street Journal commented:

Top executives at U.S.-traded companies sold a total of roughly $9.2 billion in shares of their own companies between the start of February and the end of last week, a Wall Street Journal analysis shows.

The selling saved the executives—including many in the financial industry—potential losses totaling $1.9 billion, according to the analysis, as the S&P 500 stock index plunged about 30% from its peak on Feb. 19 through the close of trading March 20.

However it was not only CEOs selling off stocks. Some members of Congress were also selling stocks just before the market went nuts…

Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports.

The data is listed on a U.S. Senate website containing financial disclosures from Senate members.

Read More: End of the American Dream

DOW Jumps 2,112 Points- Biggest Ever

The US equity markets made their biggest ever signal day gains. The optimism was caused mind reports the $2 trillion Covid-19 stimulus package was close to being agreed.

The Dow Jones Industrial Average a 2,112 point gain, the biggest ever, or 11 percent, while the S&P 500 gained over 9.3 percent and the Nasdaq over 8.1 percent.

President Trump’s comments that he favours opening up the economy sooner rather than later also boosted investor confidence.

Read More: Fox Business 

Russia Uses Facial Recognition Cameras to Enforce Quarantine

Russia is using a network of 100,00 cameras in the capital Moscow to track anyone breaking quarantine during the Coronavirus outbreak.

The cameras are controlled from a purpose-built coronavirus control centre.

Russia has created a database of images, and personal data from those with Covid-19 and this is used to monitor for anyone on the streets who should be in quarantine.

South Korea, Hong Kong, Taiwan have also used personal data from cell phones to track people in quarantine.

Read More: France 24

Trump Hopes to See Economy Restarted by Easter

President Trump has said that he’d like to see the economy restarted by Easter. Saying, “would love to have the country opened up and just raring to go by Easter.”

The President has also said that the “cure cannot be worse” than the disease. Indicating that steps to halt the Coronavirus have to be weighed against the harm it will do to the American economy.

However, top officials have tempered the President’s positive outlook warning that this crisis could continue for many weeks to come. The task force has said that decisions around lifting restrictions will be taken at a later date by looking at all the fresh data available.

Read More: Fox News

Democrats Want to Introduce Digital Dollar in Stimulus Bill

Democrats in Congress proposed introducing the digital dollar in their draft Covid-19 stimulus bill.

The draft Democrat Bill introduces the concept of a Digital Dollar, which represents either a liability of any Federal Reserve bank, or money redeemable at a bank. In the latter case, the bill introduces the concept of a pass-through digital dollar wallet, which is operated by a bank.

However, Central Banks have warned that the introduction of a digital currency would need to be done with great caution due not only to economic risks, but also cyber security risks.

Read More: Ledger Insights

Senate Democrats Block $2 Trillion Stimulus Bill

The Democrats have blocked the stimulus bill worth almost $2 trillion. The bill is meant to keep the U.S. economy moving, and help businesses weather the coronavirus storm.

Republications thought they were close to a deal, and have blamed the democrats for playing partisan politics at a time of national crisis.

The President has pointed the finger at Nancy Pelosi saying, “Republicans had a deal until Nancy Pelosi rode into town from her extended vacation. The Democrats want the Virus to win?” he wrote on Twitter. “They are asking for things that have nothing to do with our great workers or companies. They want Open Borders & Green New Deal. Republicans shouldn’t agree!”

Read More: FT

Coronavirus has Brought the Global Economy to the Brink of Depression

In 30 days the global economy has been brought to the brink of depression. In February the DOW was soaring at record highs and the U.S. economy was in the midst of its greatest economic expansion in history.

A global recession for 2020 was all but unthinkable.

Now the U.S. government is set to inject $1trillion into the U.S. economy to stop mass lay offs, and the U.K. government has agreed to pay 80% of the nation’s wages. As economies are grinding to a halt across the globe the affects of Covid-19 could be hear for a long time.

As the pandemic continues experts are now thinking how it will shape the world once the health emergency has ended. Many think the world will see major shifts in global supply chains and how global trade is conducted.

Many have been warning the West about the threat of a global pandemic. In 2013 the World Bank said, “A severe pandemic would resemble a global war in its sudden, profound, and widespread impact”

Read More: CNN

U.S. to Lock Down 70 Million People to Try and Stop Coronavirus Spread

70 million people across America’s mostly densely populated states are preparing for lock down. New York and Illinois  are expected to follow California, in restricting residents to their homes.

Hospitals are already facing the strain of Covid-19, and health officials are desperately trying to avoid a repeat of what has happened in Italy and Spain.

Northern Italy is still in the grips of an out of control spread of Coronavirus. With the health care system unable to cope with the shear numbers of sick and dying.

President Trump addressed the nation saying:

“Every American has a role to play in defending our nation from this invisible, horrible enemy.

“It really is an invisible enemy – and we will be successful, hopefully very much sooner than people would think.

“So we say stay at home and save lives. It is a time of shared national sacrifice but it’s also a time to treasure our loved ones and to take stock of what is most important; our faith, our families, our neighbours and our great country.

“I want to thank all of the incredible people, the citizens of our country.”

Read More: ITV