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U.S. economy needs ‘really big’ Covid relief package, says Paul Krugman

first_imgKrugman, an economics professor at City University of New York’s Graduate Center, said it’s difficult to put a total price tag on an ideal relief package for the U.S. But he stressed that a “really, really big” one is needed given that the U.S. hasn’t managed to contain the virus.The economist, whose research interest includes macroeconomics and international economics, won the Nobel prize in 2008 for his analysis on trade patterns and location of economic activity. – Advertisement – “We’re still 11 million jobs down from where we were before this thing hit and all of those people are without wages, state local governments are in extreme financial distress, thousands of businesses — maybe hundreds of thousands — are on the verge of collapse,” he said.“So we need a lot to keep this thing afloat.”  The U.S. enacted a $2 trillion package known as the CARES Act in March, but those benefits have either expired or will soon end. Negotiations for another pandemic relief has been at an impasse for months after Republicans and Democrats failed to agree on what should be in the package.Democrats proposed another $2.2 trillion relief package that includes funding for state and local governments, as well as extending enhanced unemployment benefits of an additional $600 weekly subsidy. Republicans, meanwhile, wanted a smaller deal that would focus more on payment to individuals and business loans. Paul KrugmanNobel prize-winning economist A lot of people are going to be out of work, a lot of businesses are going to be stressed. We need to just make life tolerable for them.- Advertisement – The U.S. may need several hundred billion dollars a month in “disaster relief” to keep the economy afloat as a raging coronavirus outbreak continues to suppress prospects for workers and businesses, Nobel prize-winning economist Paul Krugman said on Thursday.“We really are still very much in the disaster relief stage,” he told CNBC’s “Street Signs Asia.”“A lot of people are going to be out of work, a lot of businesses are going to be stressed. We need to just make life tolerable for them,” he added.- Advertisement – Senate Majority Leader Mitch McConnell (R-Ky.), who has won his reelection bid for a seventh term, said on Wednesday that the additional relief package will be his priority when the chamber reconvenes next week.Still, Krugman said there’s no indication that McConnell would agree to a large relief bill or extend enhanced unemployment benefits which have been the “most important policy” to cushion the pandemic’s economic impact.Republicans, he noted, viewed those benefits as “rewarding people for not working” and therefore, may not be inclined to renew that payout.“That was far more effective than anything else in the package, but we’ve seen very, very little … on the part of Senate Republicans to resume enhanced employment benefits,” he said. Nobel Prize-winning economist Paul Krugman.Panayiotis Tzamaros | ullstein bild via Getty Images – Advertisement –last_img read more

Science Supports Pain-Capability of Unborn by 20 Weeks

first_imgLozier Institute 3 February 2015The subject of fetal pain is and has been both a controversial and compelling aspect of the debate surrounding abortion. Whether a child in the womb can feel pain and at what stage raises many ethical issues and, for many, introduces another source of uncertainty into personal views on the matter of abortion. With advances in modern science and ongoing research, it is becoming more apparent that the unborn child can feel pain by 20 weeks, i.e., five months, or even earlier in the pregnancy.This January, an extensively researched document on the science of fetal pain was published by the Family Research Council (FRC). The report cites more than 30 scientific studies, testimonies, medical evidence, and real-life experiences in its exposition of the science of fetal pain as the weeks advance post-fertilization.Below is just a sample of the clear evidence provided by these sources:On neurological development: “Pain receptors appear around the mouth 4 to 5 weeks post-fertilization, followed by the development of nerve fibers, which carry stimuli to the brain. Around 6 six weeks post-fertilization, the unborn child first responds to touch. By 18 weeks post-fertilization, pain receptors have appeared throughout the body.” (2003 medical textbook on maternal, fetal, and neonatal physiology) On fetal stress responses: “Multiple studies show that ‘the human fetus from 18-20 weeks elaborates pituitary-adrenal, sympatho-adrenal, and circulatory stress responses to physical insults.’” (2013 expert testimony before Congress of Dr. Maureen Condic, Director of Human Embryology instruction for the School of Medicine at the University of Utah) On early fetal response to painful stimuli: “The earliest reactions to painful stimuli motor reflexes can be detected at 7.5 weeks of gestations [5.5 weeks post-fertilization].” (2012 medical article)center_img On fetal experience of pain being more intense than in adults: “Mechanisms that inhibit or moderate the experience of pain do not begin to develop until 32 to 34 weeks post-fertilization. Any pain the unborn child experiences before these pain inhibitors are in place is likely more intense than the pain an older infant or adult experiences when subjected to similar types of injury.” (2004 expert testimony before Congress of Dr. Kanwaljeet “Sunny” Anand)http://www.lozierinstitute.org/science-supports-pain-capability-of-unborn-by-20-weeks/last_img read more

Kilfeacle and District win local derby

first_imgThe full time score was Kilfeacle and District 46 Thurles 20.The scoreline belies the efforts of Thurles, who really put it up the Kilfeacle men, but they just couldn’t convert their dominance into points. Cashel were away to Castleisland and beat them by 23 points to 8. Fethard have beaten Ennis in their first ever appearance in the Munster Junior Cup. The full time score was Fethard 18 Ennis 15. And Newcastle West beat North Tipp side Nenagh Ormond. The full time score was Newcastlewest 39 – Nenagh Ormond 19. There were plenty of Tipp clubs in action in the first round of the Munster Junior Cup.One of the games saw two Tipp sides coming up against each other. Kilfeacle and District played host to Thurles.last_img read more

MercyOne physician says just because you think you’ve had COVID-19 doesn’t mean you are protected from it

first_imgMASON CITY — An infectious disease specialist at MercyOne North Iowa Medical Center in Mason City says testing positive for the antibody connected to COVID-19 does not mean that you can’t get the novel coronavirus again.Dr. Sandra Crosara says it’s just not known at this time how long people are immune to COVID-19 once they’ve had it.   “One would probably think that if I had an antibody test positive today, I would be immune and I can go back to work and not worry about getting the virus. However, I don’t know how long people are going to retain that protection, and that’s the important part. That tells me that I cannot tell you that you are safe, because I don’t know how long you are going to retain the protection.”Crosara says people can fall into a false sense of security if they think they had COVID-19 earlier in the year and believe they can’t get it again.  “This might be a temporary protection and we don’t know how long exactly. For all coronaviruses similar to this, but different, not as aggressive, we have seen antibodies lasting for up to four months or six months, but no more than that. It’s not enough for us to say that you’re going to be immune for a long time.”Crosara says MercyOne employees should have access to the antibody test later this month, with the hopes of making it available to the general public at some point in the near future. “This test might be available for the public, but not until late this month at least. I’m not in a position to determine when, but I’m expecting that in a month or so it might be available for the public.”According to the Iowa Department of Public Health’s coronavirus data website, 305 antibody tests have been given in Cerro Gordo County, with only three positive tests. In the area of Cerro Gordo and the eight surrounding counties plus Kossuth County, there have been a total of 2015 antibody tests given with 20 positive results.Crosara made her comments during the weekly Cerro Gordo County COVID-19 press conference which you can view below.last_img read more