No consensus yet in Ethiopia's disputed dam ‘separate talks'    Upcoming significant pickup mergers, acquisitions likely due to COVID-19    Canada should focus on boosting the economy even as debt climbs -analysts    Egypt is attractive destination for portfolio investment: Citigroup    Citigroup continues investments in EMEA region's treasury, trade solutions    Algeria buries fighters whose skulls were in Paris museum    Real Madrid move closer to Spain La Liga title with 7th straight win    Sexual abuse in Egypt: social media lead the fight against repulsive phenomenon    German economy minister sees economic recovery starting October    Sissoko urges patience with Spurs' record signing Ndombele    Trump repeats vow to defeat 'radical left' in 4 July speech    Egypt's Court of Cassation upholds prison sentences for 56 convicted in 2013 Nahda dispersal case    Iran records highest daily death toll from COVID-19    WHO reports new coronavirus cases reach all-time high    Travel quarantine rules relaxed for top sports events in England    Tokyo governor wins 2nd term, buoyed by handling of virus    Italy-based asset manager, Azimut, launches its Egypt-focused equity fund    UK's CDC provides CIB with USD 100 mn in tier II capital agreement    MENA construction output to decline; slow 2021 recovery expected    TikTok distances from Beijing in responce to India app ban    Iconic actress Ragaa El-Gedawy passes away at 81 from COVID-19    Egypt records 1,324 new coronavirus cases on Saturday – health ministry    Boris Johnson likely to start phasing out Huawei's 5G role soon    Rocket fired towards Baghdad Green Zone, child injured: Military, police source    Jets hit Libya's al-Watiya airbase where Turkey may build base, sources say    Crunch, crunch: Africa's locust outbreak is far from over    Egyptian veteran actress Ragaa El-Gedawy dies from coronavirus at 81    Egypt condemns Houthi attacks on Saudi territories    NCW files complaint with Public Prosecutor over harassment, rape allegations circulated online    Egypt says no breakthrough reached on second day of AU-sponsored GERD talks    UAE adopts new government structure, full announcement to come on Sunday    Ministry of Culture announces schedule for resumed theatrical, musical activities    Virtual talks on Ethiopia's disputed dam resume amid consensus hopes    Egypt to hold Senate elections on 11-12 August: NEC    5 killed, 10 injured in bomb attack in southwest Somalia    Egypt reopens 5 museums, 8 archaeological sites and operates 171 international, domestic flights    GERD talks between Egypt, Ethiopia and Sudan resume on Friday    Rudolfo Anaya, 'godfather' of Chicano literature, dies at 82    Egypt's Zamalek to continue training Thursday, but domestic league participation unclear    Liverpool boss Klopp happy with African Nations Cup postponement    Egypt's cultural activities to resume mid-July    Federation of Egyptian Banks denies funding GERD: eletreby    Saudi development authority starts executing phase I of giant cultural project    11 coronavirus cases detected at Egyptian Premier League clubs – EFA    Egypt to host World Handball Championship on time despite COVID-19: EHF President    Liverpool's Egyptian winger Salah fit for Crystal Palace clash – coach Klopp    Egypt's parliament Oks amendments to House law amid differences over election    CAF draws timeline for resumed continental championships amid COVID-19    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

COVID-19 inflicts huge US job losses as pandemic breaches White House walls
Published in Amwal Al Ghad on 09 - 05 - 2020

The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green light for its factories to restart after a seven-week lockdown, Reuters reported.
A day after the White House confirmed that President Donald Trump's personal valet had tested positive for the virus, Trump told reporters that Katie Miller, press secretary to Vice President Mike Pence, had also been infected.
She is married to senior Trump aide and immigration policy hard-liner Stephen Miller and travels frequently with Pence.
The back-to-back diagnoses of individuals close to Trump, Pence and the White House inner circle raised questions about whether the highest levels of government are adequately safeguarded from infection.
"We've taken every single precaution to protect the president," White House spokeswoman Kayleigh McEnany told reporters.
Earlier in the day, the Labor Department reported the U.S. unemployment rate rose to 14.7 percent last month, up from 3.5 percent in February, demonstrating the speed with which the workforce collapsed after stay-at-home orders meant to curb the outbreak were imposed across most of the country.
Worse economic news may be yet to come. White House economic adviser Kevin Hassett said the unemployment rate was likely to climb to around 20 percent this month. The jobless rate for April already shattered the post-World War Two record of 10.8 percent set in November 1982.
The economic devastation has heightened the urgency of governors' efforts to get their states' economies moving again, even though infection rates and deaths are still rising in parts of the country.
California, the first state to issue stay-at-home orders on March 19, partially reopened shuttered commerce on Friday. Retailers such as bookstores, jewelers, clothing merchants, sporting goods shops and florists were permitted to begin offering curbside pickup and deliveries, while manufacturing and warehouse facilities were allowed to resume operations if they met infection-control requirements.
Governor Gavin Newsom, a Democrat, said California had managed to flatten its infection curve in recent weeks, allowing the state to safely proceed with gradually restarting the economy.
More than 77,000 Americans have died from COVID-19, the respiratory illness caused by the novel coronavirus, out of more than 1.29 million confirmed cases, according to a Reuters tally.
Elderly individuals and people with underlying chronic health conditions have been the most vulnerable.
But New York Governor Andrew Cuomo on Friday reported the death of a 5-year old boy from a rare inflammatory syndrome believed to be linked to the coronavirus, highlighting a potential new pandemic risk for children.
Just as minorities have been especially hard hit by the virus itself relative to their population size, African Americans and Hispanics also suffered disproportionately greater job losses in April – at 16.7 percent and 18.9 percent, respectively, the Labor Department data showed.
The jobless rate was also higher among women, at 15.5 percent, compared with 13 percent for men.
Rita Trivedi, 63, of Hudson, Florida, was furloughed as an analyst at Nielsen Media Research on April 23 and has struggled to secure benefits from the state's troubled unemployment system. She fears running short of money to cover her husband's medical bills and other expenses.
"I'm more than anxious, I'm more than worried – it's ‘can't sleep' kind of anxious," Trivedi said. "I'm just so tense thinking about these things and how to manage."
Trump, seeking re-election in November, initially played down the threat posed by the coronavirus, and has given inconsistent messages about the expected duration of the economic shutdown and its consequences.
"Those jobs will all be back, and they'll be back very soon," he told Fox News on Friday.
Newsom said California, home to 40 million residents with an economy ranking among the top five or six in the world, was doing worse than the nation as a whole, with unemployment running over 20 percent.
But he said roughly 70% of California's economy was eligible to reopen "with modifications" under his plan, though it remained to be seen how many businesses would jump at the chance, and how many customers would immediately return.
In Los Angeles, few retail businesses appeared to be open in the downtown area. It also was unclear how much, if any, assembly line production in California had yet resumed.
Electric car manufacturer Tesla Inc was aiming to restart its factory in Fremont, California, on Friday, Chief Executive Officer Elon Musk wrote in an email to staff.
But a health official in Alameda County, where the plant is located, said local lockdown measures remained in effect and supersede Newsom's relaxation of statewide restrictions.
"We've been working with them, but we have not given the green light," health officer Erica Pan said of Tesla.
At least 40 of the 50 U.S. states are taking steps to lift restrictions affecting all but essential businesses – including Arizona, Mississippi and South Dakota, which on Friday all reported record numbers of cases.
Public health experts warn that reopening prematurely, without vastly expanded virus testing and other safeguards, risks fueling renewed outbreaks. They also say the state-by-state hodgepodge of differing policies may confuse the public and undermines social distancing efforts.

Clic here to read the story from its source.