Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses
The International Monetary Fund (IMF) is encouraging countries to create money to mitigate the effects of lockdown restrictions on economies. Specifically, the international lender wants businesses and workers displaced by the pandemic related responses to get financial support as they adjust their businesses and search for new jobs respectively. Recognizing the new normal In its October 2020 World Economic Outlook, the Fund says in addition to cushioning people and firms affected by the pandemic, countries now need to pursue economic policies that recognize the changing dynamics. The....
Related News
Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that must be passed before the Dec. 11 deadline. Stimulus Measures Could Be Added to Spending Bill That Must Pass This Week U.S. lawmakers unveiled new stimulus proposals last week after months of negotiations with no progress on either a new coronavirus relief stimulus package or second stimulus checks....
According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administration have made crypto proponents believe that bitcoin will prosper greatly. Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a....
An overnight rally in the Bitcoin market paused midway as Donald Trump rejected a nearly $900 billion stimulus bill.
Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots. Jeju Island, a major tourist destination in South Korea, is introducing a government-backed, system for tracking COVID-19 contacts based on blockchain technology.On Jan. 14, the Jeju Special Self-Governing Province and blockchain technology firm Iconloop announced that the blockchain-based contact tracing system is now fully operational.Called “Jeju Safety Code,” the project was initiated in August 2020 to enable COVID-19 contact tracing for....
Amid the intense stimulus relief aid discussion, House Speaker Nancy Pelosi has set a deadline for the White House to come to an agreement on the next stimulus package which provides a second round of stimulus checks for Americans. Meanwhile, the Senate is set to vote on a smaller stimulus bill without direct payments this week. Deadline for Stimulus Negotiations Stimulus packages to help Americans cope with the coronavirus-driven economic crisis have been heavily discussed this week as U.S. lawmakers hope to approve new relief aid before the November presidential election. Six proposed....