COVID-19 Pandemic (Coronavirus)

NasirJr

NasirJr

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Yooo white people bugging the fukk out. I was at the gas station today, dude pulls up to the tank by mines in the pickup in like a whole hazmat suit, puts his card in the shyt through the window, drives up a little, hopped in the backseat, reaches his arm out of the backseat window to grab the handle and started pumping the gas. Bro no cap, like 15 seconds in of him angling trying to pump gas I guess he caught a cramp or something because bro started spazzing the fukk out and started hitting the mothafukking 2 step to the milly rock in that backseat.

I ain’t never seen no type of shyt like that before, I was planning on filling up my whole tank but he pulled up with that goofy shyt and I simply had to get the fukk up out of there.
 
O

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Tyrant said:
https://www.scmp.com/news/asia/east-asia/article/3079126/japan-pay-firms-leave-china-relocate-production-elsewhere-part?__twitter_impression=true
Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus
  • More than US$2 billion of the country’s record economic stimulus package will be used to help companies move production away fom China
  • The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck
Japan has earmarked US$2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners.
Click to expand...

Don't forget ain't no love lost between these two countries. There are centuries of blood shed between the two.
 
loyola llothta

loyola llothta

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Published on Thursday, April 09, 2020
by Common Dreams

'Extremely Alarming': Coronavirus Stimulus Law Allows the Federal Reserve to Hold Secret Meetings on Corporate Bailouts

"That provision's a body blow to transparency when we need it most."

by
Jake Johnson, staff writer
federal_reserve_coronavirus.jpg


President Donald Trump walks with Federal Reserve board member Jerome Powell at the White House in Washington, D.C. on Thursday, November 2, 2017. (Photo: Jabin Botsford/The Washington Post via Getty Images)

A brief and obscure provision buried in the nearly 900-page coronavirus stimulus package passed by Congress last month authorizes the Federal Reserve to skirt longstanding transparency and accountability requirements as it doles out trillions of dollars in taxpayer money to large corporations.

The provision of the CARES Act allowing the Fed to avoid oversight kicked up some outrage on social media in late March as the bill headed toward final passage but has since received hardly any media scrutiny, despite the vast sum of relief money the central bank is tasked with distributing.

"The emergency legislation would empower Federal Reserve officials to direct hundreds of billions of dollars to corporations—and the same legislation would also allow those Federal Reserve officials to avoid longstanding sunshine/transparency laws."
—David Sirota

"The new law would absolve the board of the requirement to keep minutes to closed-door meetings as it deliberates [over the corporate bailout fund]," Politico reported Thursday morning. "That would severely limit the amount of information potentially available to the public on what influenced the board's decision-making. The board would only have to keep a record of its votes, though they wouldn't have to be made public during the coronavirus crisis."

"The provision dispenses with a longstanding accountability rule that the board has to give at least one day's notice before holding a meeting," Politico noted.

The CARES Act created a nearly $500 billion bailout fund designed to provide relief to large corporations. Around $450 billion of that fund was placed under the control of the Federal Reserve, which can leverage the $450 billion into $4.5 trillion.

As the Fed makes hugely consequential decisions about where that taxpayer money will go, Section 4009 of the CARES Act—titled Temporary Government in the Sunshine Act Relief—gives the central bank the ability to temporarily disregard requirements that it keep detailed records, including minutes, of closed-door meetings. The provision is effective until the end of the coronavirus crisis or Dec. 31, 2020, depending on which comes first.

The 1976 Government in the Sunshine Act, passed in the wake of the Watergate scandal, required—with some execeptions—that meetings of federal agencies "be open to public observation."

The CARES Act provision states that "if the Chairman of the Board of Governors of the Federal Reserve System determines, in writing, that unusual and exigent circumstances exist, the Board may conduct meetings without regard to the requirements of section 552b of title 5, United States Code."

That change could deprive the public of information about Fed decision-making until "long after the bailout is over," Politico noted.


David Sirota, a former speechwriter for Sen. Bernie Sanders' (I-Vt.) presidential campaign, was among the first to highlight and raise alarm about the provision in late March.

"The emergency legislation would empower Federal Reserve officials to direct hundreds of billions of dollars to corporations—and the same legislation would also allow those Federal Reserve officials to avoid longstanding sunshine/transparency laws," Sirota tweeted.



"This is extremely alarming," Irvin McCullough, deputy legislative director for the Government Accountability Project, tweeted last month. "That provision's a body blow to transparency when we need it most."

Similar to the 2008 financial crisis, the Fed has played an outsize role in propping up the U.S. economy as the coronavirus pandemic sparks mass layoffs and shutters entire industries nationwide. At one point late last month, according to the Associated Press, the Fed was pumping $1 trillion a day into the banking system as the economy barreled toward recession.

Charles Glasser, a media attorney who represented Bloomberg News in a public records lawsuit against the Fed following the 2008 financial crisis, told Politico that due to the CARES Act provision, "we may never know what terms are being given to banks, what collateral is being offered, what repayment methods and duties banks and other financial institutions may have."

"This is written too broadly," said Glasser, "and allows the Federal Reserve to avoid its responsibilities of public disclosure as the courts have described them."
Click to expand...


Link:

'Extremely Alarming': Coronavirus Stimulus Law Allows the Federal Reserve to Hold Secret Meetings on Corporate Bailouts
 
loyola llothta

loyola llothta

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Tyrant said:
https://www.scmp.com/news/asia/east-asia/article/3079126/japan-pay-firms-leave-china-relocate-production-elsewhere-part?__twitter_impression=true
Japan to pay firms to leave China, relocate production elsewhere as part of coronavirus stimulus
  • More than US$2 billion of the country’s record economic stimulus package will be used to help companies move production away fom China
  • The move coincides with what should have been a celebration of friendlier ties between the two countries, before the pandemic struck
Japan has earmarked US$2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners.
Click to expand...
The new cold war.

For the people who wasnt look at the USA foreign policies last year.. The US, Japan, and Australia team up to create they own Silk road to counter China but the funds for the infrastructure will be privatized
 
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