One America News Network

One America News Network 21 May 2020

National Center releases 54 proposals to rebuild economy, restore liberty

Description:

A conservative think tank has been looking at ways to get Americans back to work and protect people's rights, in case of a future health crisis. One America's Stefan Kleinhenz has more from Washington.


The coronavirus pandemic has not spared a single nation or economy, but the way some governments have handled the crisis has raised eyebrows.

Brazil's right-wing populist leader Jair Bolsonaro has been dismissive about the health crisis and implored people to ignore state governors who had ordered lockdowns and social distancing measures.

The result: Brazil has the third-highest number of confirmed COVID-19 cases, behind the United States and Russia. A study by Imperial College suggest that 70,000 to one million Brazilians could die depending on measures taken to halt the progress of the pandemic.

Brazil's healthcare system has been decimated since 2017; its expenditure on its national health service has been slashed by $4.4bn - or slightly less than a third of its current budget. And in some regions, it is close to collapse from the sheer number of COVID-19 patients.

Despite a stimulus package, the economy is expected to contract 4.7 percent this year - the biggest fall since 1900. The situation is so bad that President Donald Trump is considering banning Brazilians from travelling to the US.

Bolsonaro has been criticised at home and abroad, so how much damage will this do to the economy and its 209 million people? We speak to Jimena Blanco, the Head of Americas Risk Insights at Verisk Maplecroft.

No longer recession-proof
Millions of jobs have been lost due to the coronavirus pandemic.

Despite the saying that the virus does not discriminate, it is having an unequal and devastating effect on low-income workers, immigrants and women.

But an altogether startling situation, despite the pandemic, is that medical personal are losing their jobs, as Al Jazeera's Shihab Ritansi reports.

We also speak to Sho Alexander Sugihara, the co-founder and chief executive of gig-economy finance app Portify, who explains what has gone wrong in the jobs market.

Germany's big bazooka to save the euro
Europe's biggest economy is back in recession, a little over a decade since the last financial crisis.

But trouble was brewing for Germany before the pandemic - and like everywhere else, worse is yet to come.

The government has pledged one trillion euros to support the economy. But it is Chancellor Angela Merkel's radical 500 billion euro plan to help fellow European nations that could face opposition and push the union towards another crisis.

Al Jazeera's Dominic Kane reports and we speak to Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics.

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Mark Parkinson, president and CEO of the American Health Care Association and National Center for Assisted Living, joins Chris Wallace on 'Fox News Sunday.'
Krystal and Saagar give daily updates on the crisis; Georgia set to reopen its economy this Friday, polls show most Americans would rather keep the economy closed than risk an outbreak and open too early, and Harvard University is under fire for accepting more than $8 million dollars in coronavirus relief package.
Jobless claims are surging as businesses are forced to shut their doors amid the coronavirus pandemic. Meanwhile, President Trump is considering when the economy will reopen. CBS News White House correspondent Ben Tracy joins CBSN with the latest.

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