There’s no doubt that the financial repercussions of the coronavirus will be massive with up to 60 million people will experience ‘extreme poverty’ levels.
This is according to the President of the World Bank, David Malpass, who added that there is a need for additional assistance to reduce the impact of COVID-19.
While stating that the present recovery efforts are not enough, Malpass said that the Bank expected the global economic output to reduce by up to 5% in 2020.
As per the World Bank’s definition, people under ‘extreme poverty’ live on less than $1.90 per day.
So far, 100 countries hosting 70% of the global population have already received emergency financing.
Nevertheless, Malpass continued to say that, ‘while the World Bank is providing sizable resources, it won’t be enough.’
With the destruction of millions of livelihoods and overwhelmed health systems, where do you think the world is headed?
Singapore Court Hands Over a Death Sentence Via Zoom
The COVID-19 pandemic has made hitherto unthought-of happenings a reality.
In Singapore, a man has been sentenced to death and not in the usual way – via a Zoom call.
Touted as the first-ever case where a capital sentence has been passed remotely, Punithan Genasan now faces death for drug dealing.
The 37-year-old Malaysian national was arrested in 2011 for dealing heroin.
Singapore has one of the highest rates of COVID-19 in Asia, so with the country under lockdown, probably a Zoom verdict was the best choice.
Peter Fernando, Genasan’s attorney, confirmed that his client was sentenced via a video call and that he was due to appeal.
Do you think if the pandemic does not subside, we are going to see more of this kind of court proceedings?
Brazil Experiences Deadliest Day as President Trump Refers to US Cases as ‘Badge of Honor’
Brazil experienced its deadliest day ever in the COVID-19 era on Tuesday as a record 1,179 people fell to the virus.
This number pushed the death toll in Brazil to 17,971. The previous worst count of mortalities in a single day was on 12 May when 881 people died.
The new development prompted US president Donald Trump to consider a ban on travel from Brazil to the US.
After chairing a cabinet meeting Tuesday, Trump stated, ‘I don’t want people coming over here and infecting our people. I don’t want people over there sick either.’
When asked about possible restrictions, the president replied he was still contemplating while calling the massive number of US cases ‘a badge of honor.’
With hospitals in Sao Paulo and Rio de Janeiro reporting 85% occupancy of intensive care beds, is Brazil a catastrophe waiting to happen?
Firm Lauded by Trump Gets Billion-Dollar Border Wall Construction Contract
It pays to have the President and his allies on your side. Something a North Dakota construction company has known all along.
Fisher Sand and Gravel, frequently touted by President Trump, won a significant contract to construct a border wall on May 6.
The construction contract termed ‘border barrier infrastructure’ is worth over a whopping $1.2 billion.
With its main corporate headquarters in North Dakota, Fisher Sand and Gravel has a considerable footprint in Arizona.
In the meantime, Fisher’s December border contract (worth $400 million) is still under review by the Inspector General of the Defense Department after Congress’s request.
At the time, Bennie Thompson, a Mississippi Democrat and the House Homeland Security Chairman, raised concerns about ‘the possibility of inappropriate influence.’
Do you think Thompson had valid reasons to question the contract, or is it just party politics at play?
Tanzania Reluctant to Implement Strict Restrictions Over COVID-19
There have been projections that Africa could be the next victim of a COVID-19 wave but Tanzania’s president is having none of that.
Despite the warnings, President John Pombe Magufuli has resisted calls to initiate tighter social distancing rules in the country.
With the US Embassy in the country reporting that Dar es Salaam City was experiencing an ‘exponential’ surge in COVID-19 infections, Magufuli is adamant that the cases are decreasing.
In a viral video this week, Magufuli said, ‘We have had a number of viral diseases, including AIDS and measles. Our economy must come first. It must not sleep. Life must go on.’
Magufuli is on record saying that Tanzania will reopen colleges, restart sporting events and soon permit international flights to resume.
With Tanzania’s president calling lockdown advice ‘bizarre guidelines’ and getting set to reopen the country, do you think it’s the right decision for them? Reply to us with your thoughts.