There’s a hidden cost to the way Florida’s farmers bring in the sugar crop. Just visit the hospitals and measure the climate impact.
Sitting calmly in front of a bookshelf filled with thick volumes of the “Federal Reserve Bulletin,” Jerome Powell this week set out to offer a simple explanation for the complicated steps the U.S. central bank is taking to relieve dire stresses in the global financial system.“Many places in the capital markets, which support borrowing by households and businesses -- I’m talking about mortgages and car loans and things like that -- have just stopped working,” the Fed chair told NBC’s “Today” show
France and Italy’s leaders stepped up their demands that the European Union offer a powerful financial response to the coronavirus, setting up a confrontation with Germany and other northern countries reminiscent of the sovereign debt crisis.
South Africa’s biggest labor-union federation and a key political ally of President Cyril Ramaphosa is pushing the government to tap state institutions for a stimulus plan to combat the fallout from the coronavirus outbreak.
Austria is more than doubling the funds it set aside to subsidize salary payments to 1 billion euros ($1.1 billion) and is bringing in the country’s lenders to help companies over next week’s payday as part of an effort to limit the economic fallout from the coronavirus, Finance Minister Gernot Bluemel said.
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