Breakingviews – Corona Capital: Fiscal stimulus, Fitness riches

NEW YORK/LONDON/MILAN/MELBOURNE (Reuters Breakingviews) – Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.

U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque

LATEST

– Central bankers

– Icon Health & Fitness

FISCAL KNUCKLE-RAPPING. Federal Reserve Chair Jerome Powell delivered a mild rebuke to squabbling Washington lawmakers on Tuesday. While praising the fiscal stimulus as Covid-19 plunged the United States into recession, he effectively said they needed to do more to avoid a “tragic” reversal of progress. Listen up, House Speaker Nancy Pelosi, Senate Leader Mitch McConnell and Treasury Secretary Steven Mnuchin.

One way Powell expressed this in Fedspeak was

Read More

The Latest: UK royal: Youths need extra help in corona era

Read More

The Latest: UK Royal: Youths Need Extra Help in Corona Era | World News

LONDON — Prince Charles has warned that up to 1 million young people may need “urgent help’’ to protect their futures from the ravages of the COVID-19 pandemic.

Writing in the Sunday Telegraph, the Prince of Wales says there has “never been a time as uniquely challenging as the present” and that it is a particularly hard time to be young.

He says the crisis is reminiscent of the upheavals of the 1970s, when youth unemployment was one of the pressing issues facing British society.

He says, “the task ahead is unquestionably vast, but it is not insurmountable.”

Charles’ comments come as university students — many of whom have only just arrived on campuses after the summer break — are facing increased restrictions amid COVID-19 outbreaks in residence halls.

In Manchester, students are chafing at a lockdown they say was imposed without warning. One group taped “HMP MMU” to a

Read More