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Some American states plan to re-open economy despite coronavirus testing concerns – Global News

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Boeing and at least one other U.S. heavy-equipment manufacturer resumed production and some states rolled out aggressive reopening plans Monday, despite nationwide concerns there is not enough testing yet to keep the coronavirus from rebounding.

The reopenings came amid economic gloom, as futures plunged below zero on Monday and stocks and Treasury yields also dropped on Wall Street. The cost to have a barrel of U.S. crude delivered in May plummeted to negative US$37.63. It was at roughly US$60 at the start of the year.


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Boeing said it was putting about 27,000 people back to work this week building passenger jets at its Seattle-area plants, with virus-slowing precautions in place, including face masks and staggered shifts. Doosan Bobcat, a farm equipment maker and North Dakota’s largest manufacturer, announced the return of about 2,200 workers at three factories around the state.

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Elsewhere around the world, step-by-step reopenings were underway in Europe, where the crisis has begun to ebb in places such as Italy, Spain and Germany.






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Coronavirus around the world: April 20, 2020


Coronavirus around the world: April 20, 2020

Parts of the continent are perhaps weeks ahead of the U.S. on the infection curve of the virus, which has killed about 170,000 people worldwide, according to a tally kept by Johns Hopkins University.

Businesses that start operating again in the U.S. are likely to engender good will with the Trump administration at a time when it is doling out billions in relief to companies. But the reopenings being announced are a drop in the bucket compared with the more than 22 million Americans thrown out of work by the crisis.


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In a dispute that has turned nakedly political, U.S. President Donald Trump has been agitating to restart the economy, singling out Democratic-led states and egging on protesters who feel governors are moving too slowly.

Some states — mostly Republican-led ones — have relaxed restrictions, and on Monday announced that they would take further steps to reopen their economies.

Georgia Gov. Brian Kemp announced that gyms, hair salons, bowling alleys and tattoo parlors were among businesses that could reopen Friday, as long as owners followed strict social distancing and hygiene requirements.

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Coronavirus outbreak: Pence says U.S. has testing capacity to go to phase 1 reopening


Coronavirus outbreak: Pence says U.S. has testing capacity to go to phase 1 reopening

The governor said a decline in emergency room visits by people with flu-like symptoms indicated that infections were going down. But he also acknowledged that Georgia had lagged in COVID-19 testing and announced new initiatives to ramp it up.

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Texas on Monday began a week of slow reopenings, starting off with state parks, while officials said that later in the week, stores would be allowed to offer curbside service. Tennessee Gov. Bill Lee announced Monday that businesses across most of the state would begin reopening as early as next week, although the order did not cover counties with the largest cities, including Nashville, Memphis, Knoxville and Chattanooga. Both states are led by Republicans.


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Republican West Virginia Gov. Jim Justice said Monday that he would allow hospitals to begin performing elective procedures if the facilities met an unspecified set of criteria, while Democratic Colorado Gov. Jared Polis said Monday that he would let his statewide stay-at-home order expire next week as long as strict social distancing and other individual protective measures continued.






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Several U.S. states start easing COVID-19 restrictions


Several U.S. states start easing COVID-19 restrictions

But governors from many other states said they lacked the testing supplies they need and warned they could get hit by a second wave of infections, given how people with no symptoms can still spread the disease.

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“Who in this great state actually believes that they care more about jet skiing than saving the lives of the elderly or the vulnerable?” Democratic Michigan Gov. Gretchen Whitmer remarked, referring to restrictions in place in her state. “This action isn’t about our individual right to gather. It’s about our parents’ right to live.”


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Trump took to Twitter to complain that the “radical left” and “Do Nothing Democrats” are “playing a very dangerous political game” by complaining about a testing shortage. At the same time, Vice President Mike Pence told governors that Washington is working around-the-clock to help them ramp up testing.

The death toll in the U.S. stood at more than 40,000 — the highest in the world — with over 750,000 confirmed infections, by Johns Hopkins’ count. The true figures are believed to be much higher, in part because of limited testing and difficulties in counting the dead.






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Trump fights with governors over reopening


Trump fights with governors over reopening

In other developments:

— Republican Maryland Gov. Larry Hogan announced his state will be able to test 500,000 more people for COVID-19 thanks to a shipment of tests from South Korea. His wife, Yumi Hogan, who is Korean-American, negotiated the shipment with Korean officials. Trump said at an afternoon briefing that governors like Hogan and Democratic Gov. J.B. Pritzker of Illinois don’t understand they already have the testing capacity they need to begin the first phase of reopening their states.

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— Massachusetts has emerged as an alarming hot spot of contagion, with over 1,700 dead and officials hoping to bend the curve through aggressive contract tracing.


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— New York, with the worst outbreak in the nation, reported that hospitalizations in the state have leveled off and the day’s death toll, at 478, was the lowest in three weeks, down from a peak of nearly 800. Still, the city canceled three of its biggest June events: the Puerto Rican Day parade, the Israel parade and the gay pride march.






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Coronavirus outbreak: Trump touts progress in search for COVID-19 treatments


Coronavirus outbreak: Trump touts progress in search for COVID-19 treatments

— A meatpacking plant in Minnesota was shut down after an outbreak there. But Iowa Gov. Kim Reynolds refused to order the closing of any slaughterhouses in her state that are seeing alarming increases in COVID-19, saying: “Without them, people’s lives and our food supply will be impacted.”

Mobilized by the far right, many Americans have taken to the streets in places such as Michigan, Ohio and Virginia, complaining that the shutdowns are destroying their livelihoods and trampling their rights.


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But Dr. Anthony Fauci, the government’s top infectious-disease expert, warned on ABC: “Unless we get the virus under control, the real recovery economically is not going to happen.”

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Boeing’s shutdown went into effect March 25 after workers tested positive for the virus and an inspector for the company died. Washington was the first state to see a spike in COVID-19 cases and enacted strict shutdown orders that helped tamp the virus down.






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Coronavirus outbreak: U.S. looking to top up oil reserves as prices plummet, Trump says


Coronavirus outbreak: U.S. looking to top up oil reserves as prices plummet, Trump says

The crisis has exacerbated problems at Boeing, which is in dire financial trouble and under federal investigation over two crashes of its 737 MAX jetliner that killed 346 people.

Union representatives spent the day walking through factories to see what safeguards had been put in place.

At Doosan Bobcat, spokeswoman Stacey Breuer said the reopening came after two weeks spent putting in safety measures.


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“There is definitely still some concern and do we feel 100% safe? Obviously not,” said William Wilkinson, a Bobcat welder and president of a United Steelworkers union local. He said workers there were wearing face masks and keeping their distance from one another.

Detroit’s major automakers suspended operations a month ago but are negotiating with union leaders in hopes of reopening in May. Some operations are being converted to build ventilators.






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Coronavirus outbreak: Drone deliveries help elderly Chileans vulnerable to COVID-19


Coronavirus outbreak: Drone deliveries help elderly Chileans vulnerable to COVID-19

Even with the outbreak easing in places, the head of the World Health Organization, Tedros Adhanom Ghebreyesus, cautioned, “The worst is yet ahead of us.” He did not specify why he believed so. But there were signs the virus was swelling in Africa, where the health care system is in poor condition.

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Long reported from Washington. Corder reported from The Hague, Netherlands. AP writers worldwide contributed to this report.

© 2020 The Canadian Press

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B.C.’s debt and deficit forecast to rise as the provincial election nears

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VICTORIA – British Columbia is forecasting a record budget deficit and a rising debt of almost $129 billion less than two weeks before the start of a provincial election campaign where economic stability and future progress are expected to be major issues.

Finance Minister Katrine Conroy, who has announced her retirement and will not seek re-election in the Oct. 19 vote, said Tuesday her final budget update as minister predicts a deficit of $8.9 billion, up $1.1 billion from a forecast she made earlier this year.

Conroy said she acknowledges “challenges” facing B.C., including three consecutive deficit budgets, but expected improved economic growth where the province will start to “turn a corner.”

The $8.9 billion deficit forecast for 2024-2025 is followed by annual deficit projections of $6.7 billion and $6.1 billion in 2026-2027, Conroy said at a news conference outlining the government’s first quarterly financial update.

Conroy said lower corporate income tax and natural resource revenues and the increased cost of fighting wildfires have had some of the largest impacts on the budget.

“I want to acknowledge the economic uncertainties,” she said. “While global inflation is showing signs of easing and we’ve seen cuts to the Bank of Canada interest rates, we know that the challenges are not over.”

Conroy said wildfire response costs are expected to total $886 million this year, more than $650 million higher than originally forecast.

Corporate income tax revenue is forecast to be $638 million lower as a result of federal government updates and natural resource revenues are down $299 million due to lower prices for natural gas, lumber and electricity, she said.

Debt-servicing costs are also forecast to be $344 million higher due to the larger debt balance, the current interest rate and accelerated borrowing to ensure services and capital projects are maintained through the province’s election period, said Conroy.

B.C.’s economic growth is expected to strengthen over the next three years, but the timing of a return to a balanced budget will fall to another minister, said Conroy, who was addressing what likely would be her last news conference as Minister of Finance.

The election is expected to be called on Sept. 21, with the vote set for Oct. 19.

“While we are a strong province, people are facing challenges,” she said. “We have never shied away from taking those challenges head on, because we want to keep British Columbians secure and help them build good lives now and for the long term. With the investments we’re making and the actions we’re taking to support people and build a stronger economy, we’ve started to turn a corner.”

Premier David Eby said before the fiscal forecast was released Tuesday that the New Democrat government remains committed to providing services and supports for people in British Columbia and cuts are not on his agenda.

Eby said people have been hurt by high interest costs and the province is facing budget pressures connected to low resource prices, high wildfire costs and struggling global economies.

The premier said that now is not the time to reduce supports and services for people.

Last month’s year-end report for the 2023-2024 budget saw the province post a budget deficit of $5.035 billion, down from the previous forecast of $5.9 billion.

Eby said he expects government financial priorities to become a major issue during the upcoming election, with the NDP pledging to continue to fund services and the B.C. Conservatives looking to make cuts.

This report by The Canadian Press was first published Sept. 10, 2024.

Note to readers: This is a corrected story. A previous version said the debt would be going up to more than $129 billion. In fact, it will be almost $129 billion.

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Mark Carney mum on carbon-tax advice, future in politics at Liberal retreat

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NANAIMO, B.C. – Former Bank of Canada governor Mark Carney says he’ll be advising the Liberal party to flip some the challenges posed by an increasingly divided and dangerous world into an economic opportunity for Canada.

But he won’t say what his specific advice will be on economic issues that are politically divisive in Canada, like the carbon tax.

He presented his vision for the Liberals’ economic policy at the party’s caucus retreat in Nanaimo, B.C. today, after he agreed to help the party prepare for the next election as chair of a Liberal task force on economic growth.

Carney has been touted as a possible leadership contender to replace Justin Trudeau, who has said he has tried to coax Carney into politics for years.

Carney says if the prime minister asks him to do something he will do it to the best of his ability, but won’t elaborate on whether the new adviser role could lead to him adding his name to a ballot in the next election.

Finance Minister Chrystia Freeland says she has been taking advice from Carney for years, and that his new position won’t infringe on her role.

This report by The Canadian Press was first published Sept. 10, 2024.

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Nova Scotia bill would kick-start offshore wind industry without approval from Ottawa

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HALIFAX – The Nova Scotia government has introduced a bill that would kick-start the province’s offshore wind industry without federal approval.

Natural Resources Minister Tory Rushton says amendments within a new omnibus bill introduced today will help ensure Nova Scotia meets its goal of launching a first call for offshore wind bids next year.

The province wants to offer project licences by 2030 to develop a total of five gigawatts of power from offshore wind.

Rushton says normally the province would wait for the federal government to adopt legislation establishing a wind industry off Canada’s East Coast, but that process has been “progressing slowly.”

Federal legislation that would enable the development of offshore wind farms in Nova Scotia and Newfoundland and Labrador has passed through the first and second reading in the Senate, and is currently under consideration in committee.

Rushton says the Nova Scotia bill mirrors the federal legislation and would prevent the province’s offshore wind industry from being held up in Ottawa.

This report by The Canadian Press was first published Sept. 10, 2024.

The Canadian Press. All rights reserved.

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