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Top 10 News Stories This Week (05/01/20)

Another week has passed and more terrifying news about COVID-19 has spread around the world. The United States has exceeded the one million infection limit, and more than 60,000 people have died in that country alone. It was not a good week.

With that said, there was a message or two that offered some hope in this worsening crisis. COVID-19 continues to dominate the news landscape, but it's not the only thing that's happening right now – it's just the giant elephant in the room who likes to sit on people.

Here are some things you may have missed and fortunately have seen. There is some good news.

10 Saks Fifth Avenue Closing of the last department store

Shopping centers in the United States were once pervasive, but in recent years they have been in a constant decline. They are often bought by companies like RackSpace and converted into massive office buildings, or they are leveled and replaced by something completely different. While most purchases are still made in stores, online purchases are increasing, and brick-and-mortar stores are feeling the crisis. Anchoring in shopping centers is more affected than most chains by the change in consumer spending, and another brand has taken the bankruptcy path.

Saks Fifth Avenue joined Macy's, JCPenny and Neiman Marcus on bankruptcy filings, which means fate for American malls. An anchor business is one of the big ones like Sears (bankruptcy) [1] and the above, which acts as the main point of contact for buyers. They usually go to the mall to do other things that made the moorings vital to the overall survival of a mall, but they head the do-do bird's path. Saks had to file for bankruptcy after missing payments for at least two commercial mortgage-backed securities from 2015. These defaults related to 34 properties, including 10 Saks and 14 Lord & Taylor stores. [2]

9 Gun Rights Victory in New York

The US Supreme Court released several important rulings this week, with a decision on the Affordable Care Act resulting in a loss for the GOP. Judge Sonia Sotomayor gave the majority opinion with the following statement: “We conclude that Section 1342 of the Affordable Care Act has created an obligation to mandate money, that Congress has not waived that obligation, and that petitioners seek compensation from the government in court can sue of federal claims. "Essentially, this means that the government owes insurers more than $ 12 billion under the law.

The decision was made by an 8: 1 majority, making Judge Alito the only dissident. [3] One further decision by the court was important in the world of gun rights, although it was more a matter of lack of decision than anything else. In a 6-3 vote, the court decided to issue an unsigned opinion on a gun law in New York City and to declare that a person 's right to carry a weapon outside the city is limited to shooting ranges, and since the challenge has been brought to the court, the law has been amended to do just that, so it was not necessary for the Case binds the court so that the issue of arms rights remains an ongoing issue for the future in America. [19659012] 8 Premierminis ter Boris Back To Work

Prime Minister Boris Johnson was infected with COVID-19 last month and had to spend almost the entire six-week lock-up period in self-isolation in the intensive care unit for part of that time. Fortunately, the prime minister did not succumb to the disease and was back at work on Monday. Johnson was largely absent during the blackout period, so the news of his return is a sign of better things to do in the UK, since he was not so difficult alongside Prince Charles, whose struggle with COVID was one of the best known cases in the country -19.

There is more good news for Johnson when he and his fiancé Carrie Symonds announced Wednesday that Carrie had given birth to a baby boy. A spokesman for the couple reported that both the mother and baby are doing "very well". The birth was the second time in less than two months that Johnson publicly thanked the English National Health Service for good reason. Johnson personally thanked the “fantastic NHS maternity team” for his work in helping the unnamed boy into the world. This is Johnson's sixth child and Symond's first. [5]

7 New Zealand "eliminated" COVID-19

Some rare good news about COVID-19 was released this week on Monday, thanks to an announcement by Ashley Bloomfield, New Zealand's General Manager for Health. New Zealand has been reported to have "cleared" the country's corona virus, which does not mean that it has completely disappeared. This means that the number of cases is so small that New Zealand was able to lift the restrictions from "level four" to "level three". This was possible due to strict contact tracking and other mitigation measures.

The number of new cases in the country has dropped to single digits. By tracing contacts, the government called for the restrictions to be loosened in order to hopefully bring daily life back to normal. Bloomfield explained how the low number "gives us confidence that we have achieved our goal of elimination, which – it never meant zero, but it means we know where our cases come from." Our goal is disposal. Again, this does not mean extermination, but means that we limit ourselves to a small number of cases so that we can eradicate all cases and every possible outbreak. "

The loose restrictions will open assemblies for ten people or less, and the beaches will open. Museums, gyms, and libraries will remain closed until May 11th. [6]

6 US GDP Crashes

One of President Donald Trump's major successes until 2020 was the country's economic growth as President, in fact the US had a record growth period, but COVID-19 completely derailed it, and when the numbers were released on Wednesday it seemed it was clear that the trend would continue in a downward trend, with the estimates tossed around before publication ranging between -4% and -11%, and in the end the US GPD shrank 4.8%, fortunately is at the lower end of expectations.

This is the sharpest decline since the great recession more than a decade ago, and it ends the l longest period of economic expansion in the nation's history. Unfortunately, Wednesday's numbers do not include the full economic impact of COVID-19 as it only takes into account the first quarter that started the closures that continued until April. Once these figures are reflected in second quarter GDP, the economy could shoot through the recession area and head straight for depression. The biggest impact on GDP was the loss in consumer spending, which fell 7.6% in the first quarter. [7]

5 Kim Jong-Un MIA. . . Kinda

Last week it appeared that the withdrawn leader of the Democratic People's Republic of North Korea had succumbed to a botched operation, but new details have emerged that suggest otherwise. Granted, the information from the secret state is limited, and much of what is reported is hearsay and should be ingested with a grain of salt, but the news media does what it has at its disposal. In a speech to the nation, Trump was asked about the leader he bragged about having a good relationship with, and he replied:

"I can't tell you exactly. Yes, I have a very good one Idea, but I can't talk about it now. I only wish him all the best, I had a very good relationship with Kim Jong Un. "

While that didn't tell the public much about what the US President knew, there was other signs that the North Korean leader is alive and well A satellite image released by Maxar Technologies shows a connection on April 21 showing activities at the Wonsan luxury complex where his yacht and other evidence of his presence were seen last seen on April 11, and since then rumors of his status have been circulating. [8]

4 USA to recognize the annexation of the West Bank Territory

Signali on Monday the United States said that it was ready to officially recognize Israel's annexation of the occupied territories in the West Bank. The United States urged the new unity government to negotiate with the Palestinians, who were firmly against the plan. Prime Minister Benjamin Netanyahu has worked with President Trump to make the two-state solution a reality and has announced that he will continue the pursuit of annexation after he has formed a government following an agreement with his opposition. [19659002] The Palestinians have announced that they will rule out any option of a two-state solution if the plans for annexation continue on their current course. The Palestinians have had no vocal support for the plan outlined as Trump's "vision" for the Middle East, which he unveiled in January. Despite the opposition, the US is moving forward and released the following statement on Monday through the US State Department: "As we have consistently made clear, we are ready to recognize Israeli measures to extend Israeli sovereignty and to apply Israeli law to areas of the country West Bank, which provides for the vision as part of the State of Israel. "[9]

3 Pentagon released UFO videos

On Tuesday the Pentagon released released footage from three UFOs. The material was recorded by U.S. military personnel in 2007 and 2017. The release contained three short and grainy clips. The footage was previously leaked, and this Pentagon release is an official confirmation of its authenticity. What is so interesting about the footage is not the strange flight maneuvers that seem out of touch with the world. It is the fact that the public or the media have received very little attention.

This is the first time the US Department of Defense has released recordings of objects that have been classified as UFOs, and that should have been great news. The publication was provided with a reasoning in which the Pentagon said: "After a thorough review, the department determined that the authorized publication of these unclassified videos did not reveal any sensitive features or systems. […] DOD publishes the videos in order to clear up any public misunderstandings as to whether the film material in circulation was genuine or not. “

The videos are not confirmation of the existence of extraterrestrials, but they certainly seem to represent aerial movements above the earth, despite a more terrestrial explanation. [10]

2 Lockdown releases mega unemployment in the US

Every week, the US Department of Labor publishes a report that includes the number of newly claimed unemployment claims, and the Thursday report reports that number at 3 ,8 million. This number increases the six-week total number of new unemployment benefits to 30.2 million. Unemployment in the nation has not been as high since the Great Depression, when the unemployment rate rose to 25%. Although the numbers are high this week, they are showing a downward trend since last week's unemployment claim was 4.44 million.

Jerome Powell, chairman of the Federal Reserve, found that the current unemployment rate is “double digits” when the March figures are taken into account. The currently reported rate is 4.4%, but this figure does not include the sustained increase in claims through March and April. Powell said the number would likely rise above 10% in the second quarter, but there is a possible pause in the storm on the horizon. As several states begin to relax restrictions, workers on leave are returning to work, which should lead to unemployment benefits falling until May and June. [11]

On the other hand, not all have problems. . .

1 America's rich get richer

One of the first things that affected the Americans during the COVID-19 pandemic was the immediate loss of work and income. Millions of people were suddenly fired or given leave when their jobs were closed to stop the virus from spreading. Congress acted fairly quickly in passing the CARES law, which gave citizens stimulus payments in the hope that the money would help people get through to the end of the ban, but some consider it too little, too late, and many people are fighting it. This applies to many Americans, but according to a report by the Institute for Policy Studies, not all citizens are faced with such an economic emergency.

The report entitled "Billionaire Bonanza 2020: Loss of Property, Falling Taxes and Pandemic Profits". was released on April 23 [12] and showed an increase in US billionaires' net worth of more than $ 282 billion over a period of only 23 days during the nationwide ban. The report further analyzed the tax burdens of several billionaires and found that the tax obligations for billionaires in America decreased by 79% between 1980 and 2020. Compared to median household wealth, which has grown by less than 5% in the past 30 years, billionaires' wealth grew by 1,110%, or a total of $ 2.95 trillion. Thankfully, the ultra-luxury Bergdorf Goodman department store is not one of the stores that are closing in New York! [13]

+ McDonald & # 39; s begins rationing

Due to the Coran virus, slaughterhouses and slaughterhouses around the world have closed. This would be found if the various locks were short. . . But they are starting to take a little too long for the meat supply chain.

Today, as the US meat supply begins to dwindle, McDonald's has placed a number of goods on "controlled allotment". The rationed goods are mainly burgers, bacon and sausages. McDonald’s CEO said the state of the meat industry was "worrying" and the company "literally monitors him by the hour". Meanwhile, beef prices have risen by 62% since February. If you crave McDonald’s and your state hasn’t locked you in your house, you should go to a fast food store quickly! [14]

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Jonathan H. Kantor

Jonathan is a graphic artist, illustrator and writer. He is a retired soldier and researches and writes on history, science, theology and many other topics.

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