Trump Cuts Off WHO’s Funding- WHO Responds

The President of the United States, Donald Trump has announced that he will be cutting the funding for the World Health Organization, WHO at a press conference on Tuesday. The Director-General of the organization, Dr. Tedros Adhanom Ghebreyesus has given his response towards it.

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According to RT, Dr. Tedros said that WHO regrets the decision of President Trump to cut off their funding, he further said that the organization’s work on fighting the outbreak will be reviewed by WHO’s member states and independent bodies, and this is so as to make sure that they are clear and responsible. Dr. Tedros also thanked the countries who have shown support for WHO, and he said that they are striving to fight against the outbreak of covid-19 and that is where their focus lies. Moreover, the United States accounts for 90% of WHO’s payment.

President Trump’s Defense and Reason

President Trump has pointed out his reason for cutting their funding. He claimed that WHO had had a delayed response to the outbreak and had caused the deaths of many lives.

Trump cuts off WHO’s Funding- WHO Responds

He also stated on his Twitter page that even though the United States is funding WHO the most, the organization is very China-centric. Furthermore, WHO had actually suggested that President Trump should keep the United States border open to China and they questioned his decision to place travel restrictions on China at the start of the outbreak in China. Fortunately, the President had rejected their suggestion, but he told them how they were supporting the Chinese too much.

The blame game

TheGuardian stated that President Trump’s act of saying that he is going to cut off WHO’s funding is international vandalism and an act of moral misconduct. Moreover, he cut off their funding when their work is most needed by the whole world. However, it is also understandable that WHO is also at fault since they advised President Trump to open the Chinese borders, they have recently seemed to support China and they also didn’t receive the outbreak well. Furthermore, worldwide the United States currently has the highest number of covid-19 cases deaths.

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However, many blame President Trump for the way he received the outbreak, and since he didn’t place the travel restrictions on the Chinese until January ending. He said that the Trump administration will review the World Health Organization, WHO due to the fact that it didn’t do its basic duty of protecting the world and fighting off pandemics like covid-19.

President Trump further said that their mind will be made up of whether they will continue funding WHO or not after the period of 60 to 90 days. The United Nations Secretary-General, Antonio Guterres has responded to Trump’s action that the international society should be united and work hard to fight the corona virus and stop it completely. He added that he believed that the WHO has to be supported so as to put a to covid-19.

The BBC reported that the founder of Microsoft, Bill gates tweeted that cutting the WHO’s funding during a pandemic is as dangerous as it sounds. After the United States, the Bill and Melinda Gates Foundation is the WHO’s second-biggest funder.

US Senate’s $2 Trillion Stimulus Package To Get The Economy Back From The Brink

The United States Senate has passed on a $2 trillion stimulus package so as to save the economy and bring relief from the outbreak of the corona virus. The third aid package from Congress is so as to keep the financial economy from crashing at a period of time where there is an unusual pause on most of American Life, and the stimulus package is the third aid package.

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CNBC reported that Mitch McConnell, R-Ky, the Senate Majority Leader stated after the vote that it is a proud moment for the country and the Senate of the United States. He added that they are going to win the battle soon in the future.

What The Legislation Of The UNITED STATES Entails

The legislation of United States of America states that all these to be provided to the citizens at such a time. Loans, one-time direct payment to individuals, stronger unemployment insurance, grants to businesses, additional health care resources for hospitals and states. Moreover, it also encompasses requirements for the ones that gives insurance to cover preventive services for covid-19.

House Speaker Nancy Pelosi initiated a counterproposal from House Democrats and it adds up to $2.5 trillion reported by Bloomberg. She also said to the reporters that she expects that her chamber will allow the measure in a powerful, bipartisan vote on Friday, March 27.

On Thursday, March 26, the covid-19 cases have reached almost 70,000 and more than 1,000 deaths. However, currently, there are 16,697 deaths and 468,895 cases of the corona virus in the United States.

The Senate tried pass on the sweeping aid bill as fast as it can. This is because data is predicted to show a historic spike in unemployment claims since businesses in the United States have closed due to the covid-19 outbreak. Additionally, patients are too much for some hospitals and have started to ask for ventilators and masks which are required supplies.

The Absentees During The Voting

Apparently, the chamber agreed with the plan to fight against covid-19 as its spreads continues. Four senators did not vote, they are Sens. Mitt Romney, Rand Paul, John Thune and Mike Lee. Sens. Mitt Romney and Mike Lee were in isolation, Sen. Rand Paul had tested positive for covid-19 and John Thune was not feeling well.

Even though the Senate had been careful during the voting process, but senators had still stayed in groups and interacted. McConnell had made his way to the Senate floor and passed the bill and stated the return will be on April 20. He further said, “If circumstances require the Senate to return for a vote sooner than April the 20th we will provide at least 24 hours of notice.”

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The Senate had rejected an amendment to cap the insurance of unemployment at a recipient’s former wages. This was proprosed by Senator Ben Sasse, R-Neb.

According to NPR, The bill adds $600 per week from the federal government in addition to the usual amount a worker is paid by the state. This will added payment will continue for 4 months. 13 weeks of unemployment insurance by the legislation.

Moreover, people that get close to the maximum number of weeks approved by the state would get increment, and new filters would also result in an increment.

US Fed Moves To Rescue The Economy And Fend Off Global Recession

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The outbreak of the corona virus is threatening to push the United States and the world economy into recession. The Federal Reserve is trying to get enough money to rescue the economy. It is striving to keep the financial market afloat and accessible to everyone.

NPR reported that the Fed has bought over $1.2 trillion treasurys and mortgage-backed securities. Moreover, the central bank has declared that it will keep buying as much as required so that the credit markets won’t seize up. Additionally, the Fed will start giving out loans directly to corporations, and it is planning a main Street program so as to give financial help to smaller firms.

central bank’s unlimited hard work

Greg McBride, the Chief Financial Analyst for Bankrate.com has stated that the Federal Reserve is trying its best to contain the health crisis before it causes an economic recession. Even though credit is not as easy as to come across as before, the Fed had helped in preventing financial crisis. However, the question whether Central Bank will give out their help to small businesses who have lost customers due to the corona virus outbreak is still unanswered.

Furthermore, the Central Bank has spent a lot of money especially since it reduced its interest to almost zero. However, Jerome Powell has stated that he and his colleagues still have the upper hand.

Businesses are shutting down and people are becoming unemployed, and Powell has said that they are ready to give out loans to those ones that need it. It was predicted by Goldman Sachs that the United States will contract at an annual of over 30% in the upcoming 3 months. This is caused by the outbreak of covid-19.

The fact that people asked to leave work and practice social distancing is giving rise to recession. However, that is the only way to reduce the spreading of the disease, and it’s only after the disease is under control that the threat of recession will go down. Moreover, Powell said that if they are able to contain the disease quickly, economic activity would return.

The Fed is doing so well in maintaining the economy, and so much better than the last financial crisis over 10 years ago. J.P. Morgan’s chief United States economist, Michael Feroli said, “It’s kind of crazy how they’ve almost done as much in this week as they did in several months in 2008.”

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Earlier Reports On The Fed

On march 23, CNN reported that the Fed had planned on buying corporate bonds to stabilize the financial system and contain the health crisis. It had also planned in making a special purpose vehicle to buy corporate bonds funded by the treasury. Moreover, it said that the bonds must have a maturity of at most five years.

Also on March 23, the New York Times, NYTIMES reported that, Nellie Liang who is a senior fellow at the Brookings Institution and a former said, “You can’t prevent some of the losses that are occurring. You want to make sure that at the end of the period where the economy is affected by this crisis and shut down, that you haven’t left everyone in such a bad place that you can’t recover quickly.”

However, the Fed has proven to fend off global recession. As mentioned earlier, it has even done so much more than it did dozen of years.

Coronavirus Deaths Top 10,000 In The US, Trump Sounds Cautious Call For Curve Flattening

Deaths due to Corona virus have topped 10,000 in the US. New York and New Jersey were hit with the most cases of Corona virus. Bloomberg uploaded a video about Trump addressing the issue. Trump said that they need to flatten the curve so as to fight the virus.

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He stated how they have sent military and medical health professionals to New Jersey, Connecticut and New York. He further stated that cargo planes have delivered almost 3,000,000 gloves, 8,000,000 masks and 3,000,000 gowns to hospitals all over the nation. He said that he hopes that they are flattening the curve by taking these actions.

After the video which was made on April 5, the news website stated that the governor of New York, Andrew Cuomo said that deaths may mean hitting a plateau. However, the deaths on April 6 decreased slightly. So that means April 5 had more deaths than April 6.

He further said that maintaining social distancing is a challenge. However, if it is not maintained then it could lead to an increase in the spread of the corona virus. Additionally, he increased the fine for social distancing violations to $1,000.

The Rest Of The United States And Their Actions

The other states in the United States are giving their help to New York since it is experiencing a supply shortage. Governor Andrew Cuomo said that Oregon wanted to provide 140 ventilators to New York state, and California is planning to give a loan of 500 ventilators which are state-owned to the national stockpile.

According to Aljazeera, United States is the third highest nation with the most deaths from Corona virus. Italy and Spain are the first and second nations that have the highest amount of Corona virus deaths.

On Monday, United States has started experiencing a peak death week of the corona virus as an official called it, and over 90% of Americans are under orders to stay at home. Furthermore, test results take too much time before they come out, and results need to be known early.

Bill De Blasio, the governor of New York has that even though many ventilators and other machines have been delivered through out the state, it still requires 1,000 to 1,500 more ventilators to be distributed by Sunday reported by NBCNEWS.

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What Doctors Have To Say

A general surgeon, Jerome Adams adviced Americans to stay indoors and to practice social distancing. He even sympathized with everyone and stated that he understood how it could be to be cooped up, but to flatten the curve, everyone has to follow through.

Dr. Andrew Fauci has said that the American nation is fighting to control the outbreak of the corona virus. He further said on CBS news that it may become worse and we need to be ready to face it. Additionally, veterans are also being affected greatly by the virus. On Sunday, 2,699 cases have been confirmed among veterans and 103 deaths.

The health department has stated that on Monday night, New York City had recorded 2,738 deaths due to the corona virus. As earlier mentioned, New York, New Jersey and California are the most hit states, and they need to take social distancing more seriously.