News for August 8

WSJ: US, global round-up: https://www.wsj.com/articles/coronavirus-latest-news-08-08-2020-11596874782 . News on Africa, India, China in last 3 paragraphs. WSJ: More: https://www.wsj.com/articles/coronavirus-latest-news-08-07-2020-11596788468 . News on China, India, Japan, and Hong Kong in last 5 paragraphs.

WSJ: Pfizer to manufacture Remdesivir: https://www.wsj.com/articles/pfizer-to-manufacture-gileads-remdesivir-for-covid-19-treatment-11596812523 .

WSJ: Nursing home deaths rising again: https://www.wsj.com/articles/nursing-home-deaths-are-rising-again-federal-data-show-11596899575 . Texas and Florida are fueling the increase.

Executive orders on relief package: https://www.businessinsider.com/trump-coronavirus-executive-orders-negotiations-fall-apart-2020-8 . Even a casual reading of the Constitution shows that expenditures are within Congress’ authority. This article provides more detail in regard to the payroll tax cut, which as previously noted does not help the unemployed and at best is a subterfuge to undercut the financial stability of Social Security. Congress has shown no interest in this “idea”.

Trump issues executive order extending PUA at $400 per week, deferring payroll tax through the end of the year: https://www.usatoday.com/story/money/2020/08/08/pandemic-unemployment-aid-trump-signs-executive-order-pua-coronavirus/3327914001/ . WSJ: More: https://www.wsj.com/articles/what-we-know-about-trumps-proposed-stimulus-executive-orders-11596895204 .

WSJ: Masks and freedom: https://www.wsj.com/articles/the-true-face-of-freedom-wears-a-mask-11596727495 . Masks are about social responsibility and true freedom.

US back due rent: $21.5 billion: https://www.reuters.com/article/us-usa-housing-evictions-idUSKCN24U394 . This accumulated during the $600 per week PUA benefit. And many landlords are “little guys” too.

WSJ: Mixed economic picture: https://www.wsj.com/articles/july-jobs-report-unemployment-claims-2020-11596771828 . Note that a Cornell study found that 31% of recalled workers had recently been laid off, mostly in states without a virus surge.

WSJ: Long-term unemployment rises to record high: https://www.wsj.com/articles/covid-19-pandemic-triggers-wave-of-long-term-unemployment-11596817137 .

WSJ: NY schools cleared to re-open: https://www.wsj.com/articles/new-york-gov-andrew-cuomo-says-all-school-districts-in-state-are-authorized-to-reopen-11596815574 .

WSJ: Mostly safe to re-open schools: https://www.wsj.com/articles/why-its-mostly-safe-to-reopen-the-schools-11596812466 .

More on “pubs versus schools”: https://www.theguardian.com/education/2020/aug/08/boris-johnson-would-close-pubs-before-schools-in-local-covid-19-lockdown .

Twitter, TikTok hold combination talks: https://www.wsj.com/articles/twitter-tiktok-have-held-preliminary-talks-about-possible-combination-11596925449 .

Brazil deaths pass 100,000: https://www.theguardian.com/world/2020/aug/08/brazil-ex-health-minister-attacks-bolsonaro-as-covid-19-deaths-top-100000 .

Insurers refuse COVID test bills: https://www.wsj.com/articles/who-should-pay-for-covid-19-testing-in-the-workplace-11596792600 .

Free virus testing in Hong Kong: https://www.wsj.com/articles/hong-kong-offers-free-testing-as-china-sends-in-teams-to-contain-coronavirus-11596815359 .