2020-09-23@00:06:14 GMT
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the World Bank:

    The coronavirus pandemic, which has led to the closure of schools, threatens to erase the progress made in the last decade in education and health, particularly in the poorest countries, the World Bank said on Wednesday. “Human capital is absolutely vital to the financial and economic future of the country, as well as to social well-being,” said David Malpass, president of the World Bank, during a conference call on the occasion of the publication of the report on the Capital Index. Human. This indicator measures the level that a child can expect to reach at age 18 depending on the health and education services in their country. But the achievements made in the last ten...
    Many people hold strong opinions about the Federal Reserve, especially from the fringes of both political left and right. There is some division among economists, but that is over a narrow and real-world set of issues and not the gross delusions of political wings. One common element runs across all subgroups, right, left and center, white nationalists, progressives ranging from mild social democrats to neo-anarchists, and a small subset of economic scholars in the middle. This is the view that the Federal Reserve has vast powers. To conspiracy theorists on the extreme right, this means the power to start wars, assassinate presidents, run pedophile rings and suck money from the populace as a whole into the hands of a cabal of...
    The Federal Reserve is our nation’s central bank, responsible for managing the money supply, interest rates and general credit conditions. Should its officials publicly advocate wearing masks to contain COVID-19? Perhaps a vital issue, but not monetary policy. Edward Lotterman Or, should it tout early-childhood education or bash public financing of sports facilities? What of a Fed Chair testifying to Congress in favor of a specific tax bill? Such questions arise from Dallas Fed President Robert Kaplan’s advocacy of masks as quoted in the July 17 Washington Post: “We’re confident that masks work, and if you want to reopen the economy faster, you want to get people back on planes and in stores.… Part of my job, I believe, is...
    WWE star Dolph Ziggler has admitted that he has sympathy for Drew McIntyre after the Brit was denied the chance to celebrate his title win with fans at WrestleMania 36. The Scottish Psychopath was forced to wrestle in his career-defining clash against Brock Lesnar behind closed doors due to the coronavirus pandemic. 4Dolph Ziggler is set to challenge former tag partner Drew McIntyre for the WWE title at Extreme RulesCredit: WWE 4The Showoff last lifted the company's top belt after cashing in his Money in the Bank contract back in 2013Credit: WWE 4Ziggler claimed WWE tried to replicate his 'organic' rise to the top with Seth Rollins' title win at WrestleMania 35 Credit: WWE In an effort to contain the spread...
    London (CNN Business)The state of California is shutting down again — a huge blow to the fragile recovery logged in recent months.The latest: As Covid-19 cases surge, Gov. Gavin Newsom ordered the closure of all indoor restaurants, wineries, movie theaters, zoos, museums and bars. Los Angeles and San Diego said their kids would start the new school year online only.On its own, California is the fifth largest economy in the world, according to World Bank data. That means fresh lockdown measures in the state are a huge blow to the economic outlook, both in the United States and globally.The governor's announcement weighed on stocks Monday. The S&P 500 at one point was up 1.6% and briefly turned positive for 2020,...
    LOS ANGELES (KABC) -- For over a decade, ABC7's Feed SoCal program has been supporting our local food banks, but now because of the coronavirus pandemic, the need is greater than ever.Southern California communities are facing serious challenges. Putting food on the table shouldn't be one of them."It definitely gives off that feeling of community," said Juan Garces, a teacher who stopped by a food distribution event supported by the Los Angeles Regional Food Bank at the Hollywood Bowl.Laid-off worker regains hope by volunteering at OC food bankEMBED More News Videos A local man who found himself unemployed during the pandemic is now receiving food assistance through the Second Harvest Food Bank in Orange County, where he is also now...
    Jewish organizations in Argentina and around the world launched a public campaign to try to stop Israeli Prime Minister Benjamin Netanyahu’s plan to annex part of the West Bank, a territory that the country has occupied since 1967, and which, they say, “endangers security and Israel’s democracy. “ The campaign is organized since the beginning of this year by J-Link, a network of progressive Jewish organizations -as she defines herself-, which in recent weeks has brought a message of opposition to unilateral annexation to Israeli diplomats from 18 consulates and embassies around the world, according to Kenneth Bob, president of the American liberal Zionist organization Ameinu. The Israeli plan, which received strong rejections even from some allied countries and was...
    Jennifer Alejandra Insuasti, 32, who worked at Walt Disney World in guest relations has been charged with first-degree grand theft A woman who worked in guest relations at Disney World has been accused of stealing $100,000 from the company which she allegedly funneled to her friends and family under the guise of refunds. Jennifer Insuasti, 32, from Kissimmee, Florida, has been charged with grand theft. Her job involved offering cash refunds to guests who were unhappy about their experience for any reason while visiting the popular Orlando theme park.  Her role also allowed her to also offer free tickets as compensation. But for two years, between March 2016 and July 2018 she allegedly issued more than 40 fake refunds, and...
    Hand washing and physical distancing may play an equal role in defeating Covid-19 as finding a vaccine, a global health chief said yesterday. Dr Hans Kluge said it is ‘possible’ a vaccine will be available within a year but warned that this would not be a ‘silver bullet’. The Europe chief of the World Health Organisation made his comments in an interview with the Daily Mail. Dr Hans Kluge does not believe a vaccine will automatically end the pandemic as there are no guarantees it will work for everybody He does not believe a vaccine will automatically end the pandemic as there are no guarantees it will work for everybody. Dr Kluge also raised fears that not all countries will...
    Breaking News — Tegucigalpa, Jun 22 . .- The World Bank (WB) announced on Monday a loan for 45 million dollars to finance a project to improve the supply of drinking water in Honduras that will benefit 360,000 households in urban areas of the Central American country. The project to Strengthen the Urban Drinking Water Service in Honduras seeks to improve “the quality, efficiency and resilience” of drinking water services and support municipalities and providers to “respond to the needs of safe water” for the population in intermediate cities and minors in the country, the WB said in a statement. “The implementation of this project will help reduce the risks of disease transmission, stimulate the economy with construction investments...
    New York (CNN Business)The Covid-19 pandemic and subsequent lockdown measures have thrown the world economy in turmoil. Even as countries are reopening, the World Bank predicts this year, the globe will have its deepest global recession in 80 years.The pandemic, which has infected some seven million people worldwide, led countries to order citizens to stay at home and business to grind to a halt.Worldwide gross domestic product -- the broadest measure of economic growth -- will contract 5.2% in 2020, according to a report by the World Bank. That's despite the unprecedented fiscal and monetary policy support governments around the world have been rolling out. Trillions of dollars have been deployed to help companies stay in business, keep cash in...
    JERUSALEM (AP) - The Palestinian economy could shrink by as much as 11% in the coming year as the coronavirus pandemic inflicts yet another blow to the Palestinian Authority’s already shaky finances, the World Bank said Monday. The economic deterioration comes as tensions with Israel soar ahead of Israel’s plans to annex large parts of the occupied West Bank, which would make it virtually impossible to create a viable Palestinian state. In a separate report, the U.N.’s Mideast envoy warned that unilateral actions by either side - such as Israeli annexation and Palestinian withdrawal from past agreements - would “most likely trigger conflict and instability” in the region. TOP STORIES George Soros, 89, is still on a quest to destroy...