IMF Puts Up $50 Billion To Stop The COVID-19 Outbreak In Emerging Markets

Chuck Schumer upset Chief Justice John Roberts when he stood in front of the Supreme Court building and trash-talked Gorsuch and Kavanaugh for trying to take women’s rights away from them. Schumer made it sound like the two conservative judges plan to vote to uphold the Louisiana law that makes it hard for doctors to perform abortions unless they have a connection with an accredited hospital. Texas has a similar law.

Senator Schumer told Kavanaugh and Gorsuch their days as Supreme Court justices will come to an end faster than they expected if they vote to keep that law in place. Chief Justice John Roberts let Chuck know his threatening comments are out-of-line. Schumer aide Justin Goodman told the press Chuck didn’t threaten Kavanaugh and Gorsuch, he threatened the Republicans who voted to put the two conservatives on the court.

Goodman also said Roberts didn’t stand behind Sotomayor and Ginsburg when President Trump told them to recuse themselves when his cases are up for debate. Roberts comments about Schumer prove he protects conservatives, but he lets liberal judges take heat from the president. Mr. Trump blasted Schumer’s comments in a tweet. Trump said Chuck’s comments threaten the Supreme Court, even though he did the same thing a week earlier.

California’s Governor Newsom declared a state of emergency when the first COVID-19-related death surfaced in his state. The victim contracted the virus on a Princess cruise from San Francisco to Mexico. Governor Newsom told the press more than 50% of the people on the cruise were Californians. There were more than 2,500 passengers on that cruise.

Researchers from Peking University’s School of Life Sciences put out a report that claims the coronavirus is actually two viruses. Researchers say they need more data, so they want to conduct an in-depth study before they give out more details. But it appears the coronavirus has a severe strain and a strain that causes mild symptoms.

IMF Managing Director Kristalina Georgieva told the press a $50 billion aid package is on the table if countries need a loan to fight the spread of COVID-19. The International Monetary Fund will loan money interest-free immediately if emerging markets need help slowing down the spread of the deadly virus.

The IMF wants countries to use the money to reinforce health-care systems and to help countries maintain liquidity. The money will also help the World Bank purchase respiratory equipment and masks to stop the spread of the deadly bug.

Source: https://www.theguardian.com/business/live/2020/mar/04/government-spending-interest-rate-cuts-slowdown-coronavirus-risks-world-bank-financial-news-business-live

Dil Bole Oberoi