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News & Articles By Franz Walker
07/15/2020
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By Franz Walker
Banks could get up to $24 billion in “free money” from the CARES Act
The CARES Act, the economic stimulus act designed to help businesses weather the Wuhan coronavirus pandemic, is set to make banks up to $24 billion just from fees for processing small business Paycheck Protection Program (PPP) loans. According to Edwin Hu of the New York University School of Law’s Institute for Corporate Governance and Finance, more than 4,000 banks and […]
07/13/2020
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By Franz Walker
OECD urges governments to scale back coronavirus-related wage subsidies
The Organization for Economic Cooperation and Development (OECD) is now asking governments to stop wage subsidies meant to keep workers employed to encourage these workers to move out of shrinking sectors. This is despite the organization still encouraging governments to continue paying unemployment benefits. Founded in 1961, the 37-member OECD’s job is to stimulate economic progress and world […]
07/12/2020
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By Franz Walker
As coronavirus surges in Hong Kong, mysterious pneumonia hits Kazakhstan – is this a new pandemic?
Even as one of Asia’s major financial hubs braces for a resurgence of Wuhan coronavirus (COVID-19) cases, a potential new threat looms as a deadly new pneumonia has broken out in the center of the continent. In Hong Kong, authorities have closed schools and tightened social distancing requirements after a new surge of coronavirus cases […]
07/10/2020
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By Franz Walker
Rapid mutations cause doubts about long-term coronavirus immunity
A joint study by two top epidemic research institutes in China warns that the Wuhan coronavirus (COVID-19) has gone through rapid mutations since January, and these genetic changes may allow it to spread for much longer than expected. In a paper posted in the pre-print server bioRxiv, researchers at Guangzhou Medical University and Fudan University stated that the coronavirus has acquired six major […]
07/08/2020
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By Franz Walker
After mis-blaming Norwegian salmon, China admits it doesn’t know where Beijing’s new coronavirus outbreak came from
After initially blaming the capital’s resurgent Wuhan coronavirus (COVID-19) outbreak on contaminated Norweigian salmon, Beijing health authorities have now backtracked, admitting that they don’t know where the new outbreak came from. Wu Zunyou, chief epidemic specialist at the Chinese Center for Disease Control and Prevention (China CDC), told the state-run Beijing News on July 6 that the virus likely […]
07/04/2020
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By Franz Walker
Texas Gov. Greg Abbott issues order requiring face masks to fight the coronavirus
Texas Gov. Greg Abbot issued a statewide order mandating the use of masks on July 2 as the state scrambles to get its Wuhan coronavirus (COVID-19) surge under control. The order, which takes effect at 12:01 p.m. Friday, immediately applies to all Texas counties, though counties with 20 or fever active cases can be exempted if […]
07/04/2020
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By Franz Walker
Thousands protest in LA after Gov. Gavin Newsom prohibits Independence Day gatherings
A July 1 protest in Los Angeles drew thousands of people after California Gov. Gavin Newsom discouraged residents from holding Fourth of July gatherings with anyone outside of their immediate household. The governor made the order in response to the increasing number of Wuhan coronavirus (COVID-19) cases in the state. Newsom issued an executive order […]
07/02/2020
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By Franz Walker
Masks made mandatory in Florida’s Miami-Dade as coronavirus cases surge
Officials in Florida’s Miami-Dade County took drastic action Wednesday, issuing an emergency order requiring people to wear masks in public spaces, in response to rising numbers of Wuhan coronavirus (COVID-19) cases in the state. “I want to once again reiterate that if everyone follows the New Normal rules of social distancing of at least six feet, […]
07/02/2020
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By Franz Walker
Houston hospitals’ ICUs overflowing as coronavirus cases surge
Houston’s intensive-care wards are being filled beyond capacity, forcing hospitals in America’s fourth-largest city to tap into “surge capacity” to cope with a resurgent Wuhan coronavirus (COVID-19) outbreak. As of Tuesday, intensive-care units in Houston were at handling around 1,350 patients – 102 percent of capacity – according to the Texas Medical Center. This comes […]
07/02/2020
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By Franz Walker
New coronavirus cases in America jump by 50,000 in a single day for the first time
The United States’ daily count of new coronavirus cases surpassed 50,000 for the first time ever on Wednesday. The surge was driven by record increases in some of the most populous states, such as California and Texas. Data from the COVID Tracking Project shows that a further 52,982 people tested positive for the coronavirus over the past 24 hours. […]
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