• Contact
  • About
  • Videos
  • Latest News
Thursday, May 26, 2022
  • Login
No Result
View All Result
NEWSLETTER
YCNews
  • Home
  • World
  • Politics
  • Business
  • Science
  • Tech
    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

    Pakistan lifts TikTok's ban again

    Pakistan lifts TikTok’s ban again

    Facebook platforms have become a tool for inciting religious hatred in India

    Facebook platforms have become a tool for inciting religious hatred in India

    Trending Tags

    • Google
    • Apple
    • Microsoft
    • Xbox
    • Huawei
    • Science & Technology
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Messi was named IFFHS Player of the Best South American Player

    Messi was named IFFHS Player of the Best South American Player

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    Is another "pandemic storm" coming? WHO issued a warning!

    Is another “pandemic storm” coming? WHO issued a warning!

    Trending Tags

    • Home
    • World
    • Politics
    • Business
    • Science
    • Tech
      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Pakistan lifts TikTok's ban again

      Pakistan lifts TikTok’s ban again

      Facebook platforms have become a tool for inciting religious hatred in India

      Facebook platforms have become a tool for inciting religious hatred in India

      Trending Tags

      • Google
      • Apple
      • Microsoft
      • Xbox
      • Huawei
      • Science & Technology
    • Entertainment
      • All
      • Gaming
      • Movie
      • Music
      • Sports
      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Messi was named IFFHS Player of the Best South American Player

      Messi was named IFFHS Player of the Best South American Player

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    • Lifestyle
      • All
      • Fashion
      • food
      • Health
      • Travel
      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      Is another "pandemic storm" coming? WHO issued a warning!

      Is another “pandemic storm” coming? WHO issued a warning!

      Trending Tags

      No Result
      View All Result
      YC News

      U.S. Economic Notes | Late U.S. Relief Plan Hard to Recover Pandemic Damage

      December 29, 2020
      in Business, Health, Politics
      0
      U.S. Economic Notes | Late U.S. Relief Plan Hard to Recover Pandemic Damage

      On November 19, a courier in Washington, D.C., passed an office building that reinforced doors and windows with wooden boards. ( Photo by Liu Jie, Xinhua News Agency)

      Washington, December 28 After many twists and turns, US President Donald Trump finally signed a spending package totaling about $2.3 trillion on the evening of the 27th local time, including $900 billion to deal with the damage caused by the coronavirus epidemic to the economy. Relief funds.

      Previously, Trump had refused to sign the bill on the grounds that the subsidies planned to the public were insufficient.

      Analysts believe that the introduction of a new round of relief plans is not enough to heal the damage caused by the spread of the epidemic to the U.S. economy and people, let alone fundamentally solve the problems such as the long-term rise in unemployment and widening gap between rich and poor caused by the epidemic.

      When the two parties announced agreement on a new round of relief in the United States Congress on the 20th, it was widely believed that the time was too late, and Trump’s refusal to sign the bill made the bill face “difficult labor”.

      In March this year, the U.S. Congress passed a total relief bill of about $2.2 trillion.

      Since then, the two parties have been divided on the new round of economic relief plan, coupled with political considerations for the November presidential election, and neither side is willing to give in too early, thus falling into a half-year-long negotiation deadlock.

      At the same time, the number of new confirmed cases and deaths of the novel coronavirus in the United States is increasing, and the prevention and control of the epidemic has become more and more difficult.

      Especially since November, the epidemic in the United States has continued to worsen, and many core indicators have remained high. They have entered the most serious stage since the outbreak of the epidemic. Many medical systems are facing unprecedented pressure.

      Affected by the continued spread of the epidemic and the expiration of some government aid plans, the U.S. economy was unable to maintain the pace of rebound in the third quarter.

      Recently, the number of people applying for unemployment benefits and falling into poverty has risen again, and the number of small businesses closed to continue to increase. Economists generally worry that the U.S. economy may fall into a “double bottom recession”.

      According to a joint study released by economists from the University of Chicago and Notre Dame this month, about 7.8 million Americans have fallen below the poverty line since June, and the national poverty rate has increased from 9.3% in June to 11.7% in November. Data from the U.S. Department of Labor also shows that as of November, the number of unemployed in the United States still exceeded 10 million, of which 3.9 million, or 36.9%, were unemployed for more than 27 weeks.

      The latest relief package extends additional grants for the unemployed until March next year, trying to help families and businesses “winter through the winter” through short-term financial support.

      However, both the chairman of the Federal Reserve Board Powell and Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, warned that the return to normal social and economic life in the United States may be no later than the end of the second quarter of 2021, or even later, because the vaccine will remain uncertain about the effectiveness of the vaccine.

      Economists generally believe that the funding scale and duration of the latest round of the U.S. rescue plan are far from enough, and there is no direct assistance for state and local governments.

      Due to lack of financial support, some state and local governments have begun to cut spending and lay off workers in the past few months.

      According to the study of the rescue bill passed earlier this year, the most effective aid programs to boost the economic growth of the United States are for state and local governments.

      Mohamed El-Elian, chief economic adviser of Allianz Group, believes that the rescue plan will not significantly change the short-term trend of the U.S. economy or hedge against the long-term risks facing the U.S. economy.

      He believes that the main problem facing American policymakers is that they rely too much on monetary policy instruments to support economic recovery and lack structural reforms conducive to growth, which leads to a serious disconnect between financial market trends and the real economy and poses risks to future economic growth and financial stability.

      Since the beginning of this year, under the impact of the epidemic, a large number of real enterprises in the United States have declared bankruptcy, while financial markets have risen against the trend, constantly setting a new historical peak.

      More and more economists worry that the U.S. economy will show a “K-shaped” recovery.

      This means that the economic recovery may be extremely uneven, and most of the benefits of economic expansion may go to the top class, leaving the bottom far behind, and the gap between rich and poor will continue to widen.

      Tags: EconomyPandemicUnited States

      Related Posts

      The National Retail Federation calls on Biden to change its tariff policy towards China

      The National Retail Federation calls on Biden to change its tariff policy towards China

      May 19, 2022
      0

      On May 18 local time, the National Retail Federation called on the Biden administration to reduce or eliminate tariffs on...

      The U.S. Embassy in South Korea stepped up guard, and police cars grew up.

      The U.S. Embassy in South Korea stepped up guard, and police cars grew up.

      May 19, 2022
      0

      May 19 - According to Yonhap News Agency on the 18th, U.S. President Biden will visit South Korea for a three-day...

      President of Croatia: Plans to prevent Finland and Sweden from joining NATO

      President of Croatia: Plans to prevent Finland and Sweden from joining NATO

      May 19, 2022
      0

      May 19 - According to reports from the Croatian News Agency and other foreign media, on the 18th local time, Croatian...

      Next Post
      Biden aide: Biden will be sworn in on January 20

      Biden COVID-19 consultant: The United States may face the worst epidemic in history in January

      South Korean Speaker Park Byung-seok will visit the United States in February next year.

      South Korean Speaker Park Byung-seok will visit the United States in February next year.

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Popular News

        • Trending
        • Comments
        • Latest
        Mossad commander suspected of being shot dead in the Israeli capital

        Mossad commander suspected of being shot dead in the Israeli capital

        December 9, 2020
        A wealthy Mexican businessman was killed by a propeller headshot while walking towards a helicopter that just landed

        A wealthy Mexican businessman was killed by a propeller headshot while walking towards a helicopter that just landed

        December 9, 2020
        Biden's Asian bodyguard identity exposed: twice "Gint meeting" security

        Biden’s Asian bodyguard identity exposed: twice “Gint meeting” security

        January 21, 2021
        About 240 Israelis contracted the novel coronavirus after being vaccinated By Pfizer against Covid-19.

        About 240 Israelis contracted the novel coronavirus after being vaccinated By Pfizer against Covid-19.

        January 2, 2021
        Mink variants of Coronavirus have been found in patients in 7 countries, but only Denmark "kills mink nationwide"

        Mink variants of Coronavirus have been found in patients in 7 countries, but only Denmark “kills mink nationwide”

        1
        Trump attended the APEC online meeting but refused to use the official video background

        Trump attended the APEC online meeting but refused to use the official video background

        1
        Italian health experts: Italy's epidemic is slowing down. We should focus on protecting the elderly and not relaxing.

        Italian health experts: Italy’s epidemic is slowing down. We should focus on protecting the elderly and not relaxing

        1
        Somalia expels Kenya's ambassador to Somalia on suspicion of interfering in internal affairs

        Somalia expels Kenya’s ambassador to Somalia on suspicion of interfering in internal affairs

        1
        The National Retail Federation calls on Biden to change its tariff policy towards China

        The National Retail Federation calls on Biden to change its tariff policy towards China

        May 19, 2022
        The U.S. Embassy in South Korea stepped up guard, and police cars grew up.

        The U.S. Embassy in South Korea stepped up guard, and police cars grew up.

        May 19, 2022
        President of Croatia: Plans to prevent Finland and Sweden from joining NATO

        President of Croatia: Plans to prevent Finland and Sweden from joining NATO

        May 19, 2022
        The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

        The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

        May 19, 2022
        YCNews

        © 2022 YCNews

        More about us

        • About
        • Advertise
        • Careers
        • Contact

        Follow Us

        No Result
        View All Result
        • Politics
        • World
        • Business
        • Science
        • National
        • Entertainment
        • Gaming
        • Movie
        • Music
        • Sports
        • Fashion
        • Lifestyle
        • Travel
        • Tech
        • Health
        • Food

        © 2022 YCNews

        Welcome Back!

        Login to your account below

        Forgotten Password?

        Retrieve your password

        Please enter your username or email address to reset your password.

        Log In
        Go to mobile version