White House National Economic Council Director Larry Kudlow said Monday that the administration is looking at war-type Treasury bonds to finance measures to combat the coronavirus. “As far as I’m concerned, I think it’s a great idea,” he told CNBC, adding that “this is a time, it seems to me, to sell bonds and raise
White House National Economic Council Director Larry Kudlow said Monday that the administration is looking at war-type Treasury bonds to finance measures to combat the coronavirus.
“As far as I’m concerned, I think it’s a great idea,” he told CNBC, adding that “this is a time, it seems to me, to sell bonds and raise money for the war effort – in this case, the pandemic effort.”
Kudlow said the bonds would be long term and would be an effort to “keep families and individuals and business afloat. … This would be a long-term investment into the future of American health, safety, and the economy.”
Kudlow said he would take the idea of war-type coronavirus bonds to the president. Read more…
On Thursday, the University of Pittsburgh School of Medicine, where Dr. Jonas Salk discovered a vaccine for polio, announced they have created a potential vaccine for the coronavirus.
Researchers gave the vaccine to mice through a patch in the skin, and say not only that the vaccine proved effective, but that producing similar patches with a vaccine for humans is scalable and can be produced in large quantities, according to KDKA radio, which notes, “It is the first study to be published after it was critiqued by other scientists ‘at outside institutions that describes a candidate vaccine for COVID-19.'”
Co-senior author Andrea Gambotto, M.D, who is an associate professor of surgery at the Pitt School of Medicine, stated, “We had previous experience on SARS-CoV in 2003 and MERS-CoV in 2014. Read more…
As his House Democrat colleagues were arguing to the Senate why President Trump should be impeached, Rep. Jim Banks (R-IN) was watching with alarm tweets coming in from overseas about the coronavirus.
On January 31, in the midst of the impeachment trial, Banks compared the spread of the coronavirus to the Spanish flu.
Banks tweeted: “#Coronavirus is spreading as quickly as Spanish flu, which infected ~500 Million. And the #CCP is likely under-reporting cases. W/out reliable info, a pro-active response is needed. Quarantine is a good 1st step, @HHSGov.” Read more…
Sucharit Bhakdi, Professor Emeritus of Medical Microbiology at the Johannes Gutenberg University Mainz and a prolific and much-cited expert in his field, has published an open letter to German Chancellor Angela Merkel along with a video addressing some of its contents.
In the letter, dated March 26, Bhakdi poses five questions about the COVID-19 pandemic and the government’s response to it which, he says, “have not been answered sufficiently so far, but which are indispensable for a balanced analysis.”
“As emeritus of the Johannes Gutenberg University in Mainz, and for many years head of the institute for medical microbiology and hygiene there, I feel obliged to critically question the far-reaching restrictions on public life that we are currently undertaking to reduce the spread of the COVID-19 virus,” he begins the letter (which is written in German and unofficially translated below). “It is expressly not my concern to downplay the dangers of the viral disease or to spread a political message. Read more…
A physician in San Diego, California, and data from the Centers for Disease Control and Prevention (CDC) are reporting that the coronavirus is now the third leading cause of death, killing 748 people a day in the United States.
This is only outranked by deaths from heart disease (1,774 a day) and cancer (1,641 a day).
The Sacramento Bee reported on the development highlighted by Dr. Maria Danilychev:
Danilychev, a San Diego doctor, made the conclusion and charted coronavirus’ growth throughout the country. Coronavirus has surpassed Alzheimer’s, stroke, chronic lung disease and accidents in deaths per day, her data shows. Read more…
President Trump on Tuesday said Americans should brace for a “hell of a bad two weeks” coming, and projected there could be up to 240,000 deaths in the U.S. from the coronavirus pandemic, regardless of the measures taken to date to mitigate the spread.
At a daily White House briefing, Dr. Anthony Fauci, the nations’ top infectious disease expert, offered some optimism. “This is a number that we need to anticipate, but we don’t necessarily have to accept it as being inevitable,” said Fauci, director of the National Institute of Allergy and Infectious Diseases and a member of the White House coronavirus task force.
In a somber press conference, Trump said the coming weeks will be a “a matter of life and death” for Americans, urging them to heed the administration’s guidelines to practice social distancing and stay home. Read more…
CNN primetime anchor Christopher Cuomo has tested positive for the Chinese coronavirus, the network revealed in a staff memo on Tuesday morning.
Cuomo, host of Cuomo Prime Time, is “feeling well” and will continue to work from his home, according to the memo.
The anchor confirmed the news in a tweet, saying he has recently experienced “fever, chills, and shortness of breath.”
“I just hope I didn’t give it to the kids and Cristina. That would make me feel worse than this illness!” he wrote. Read more…
In an appearance on Fox News Channel’s “Sunday Morning Futures,” House Minority Leader Kevin McCarthy (R-CA) warned House Speaker Nancy Pelosi (D-CA) was looking to a fourth coronavirus relief package from Congress to accomplish liberal priorities, including changes to the voting laws and to fund project items like the Green New Deal and Planned Parenthood.
Partial transcript as follows:
BARTIROMO: You said the next two months. And Secretary Mnuchin said the same thing, 10 to 12 weeks, to address the dislocation, just in the next 10 to 12 weeks.
So, does that mean we’re getting another stimulus, a fourth package after the next 10 to 12 weeks? Read more…
A new Gallup study gauging the American public’s view of the handling of the coronavirus crisis by various entities and figures found one particular group earning particularly bad marks: the news media, which was the only one on the list of nine that did not have majority approval.
“Americans are generally positive in their evaluations of how each of nine leaders and institutions has handled the response to the coronavirus situation,” Gallup explains. “Eight of the nine receive majority positive ratings – led by U.S. hospitals, at 88% approval. Only the news media gets a more negative than positive review.” Read more…
The coronavirus pandemic has seriously depressed consumer sentiment.
The University of Michigan’s final consumer sentiment index for March dived 11.9 points to 89.1, according to data released Friday showed.
That is the worst reading in nearly four years and the biggest decline since October 2008. It is on par with steep declines in response to the 1980 recession and Hurricane Katrina in 2005, the survey’s chief economist Richard Curtin said.
The decline was steeper than expected, but that likely will not be the focus of much analysis. Forecasts had an especially wide range, from 80 to 95, and many had been recently changed as the extent of the economic shutdown due to coronavirus became clearer. Read more…