New York Gov. Andrew Cuomo said he plans to sign an executive order that would allow the state government to take personal protective equipment and ventilators from hospitals with less need and redeploy them to areas harder hit by the coronavirus outbreak.
The governor said he has spoken with hospital administrators and understands the reluctance to give up essential equipment, but that he wants to avoid a situation where COVID-19 patients are dying in one part of the state while ventilators sit unused in another part of the state.
"The theory is that if the government gets them, they will never get them back. I understand that, but I don't have an option," Cuomo said.
The move marks an expansion of a broader effort to coordinate the state's patchwork of regional health systems and public and private hospitals. The state is surveying hospitals nightly to determine case-loads, personnel needs, and inventories of needed medical supplies.
"Those institutions will either get their ventilator back or they will be reimbursed and paid for their ventilator so they can buy a new ventilator," the governor said. "I can't do anything more than that."
Several hundred ventilators could be shifted from upstate to downstate New York, according to Cuomo, though the exact amount remains to be determined. He said he's banking on hospitals' goodwill and pushed back against the use of the word "seize" in describing the policy.
"First of all, don't use the word seize," he said. "That's a harsh kind of word. It's sharing of resources. We're not going to have any part of the state not have the resources we need because we didn't share resources."
Cuomo also announced that the 2,500-bed emergency field hospital at the Javits Center in Manhattan will transition into treating COVID-19 patients. It was formerly intended as an overflow hospital for non-COVID cases, but there hasn't been enough demand for those cases.
"As it turned out, we don't have non-COVID people to any great extent in the hospitals," he said. "Hospitals have now turned into, effectively, ICU hospitals for COVID patients."
He said that the general shutdown of the state economy has led to a downturn in other types of medical needs, due to a drop in automobile-related injuries, violent crimes, and other incidents.
The latest numbers on the outbreak include 102,836 total cases, 14,810 hospitalizations, and more than 2,900 deaths, up from 2,300 deaths, which Cuomo called the "highest single increase in the number of deaths since we started."
Peter Zalzal, associate vice president for clean air strategies at the Environmental Defense Fund, a nonprofit environmental advocacy group, joined Cheddar to discuss the Biden Administration's unveiling of stricter fuel-efficiency standards for new automobiles. "The administration estimated that these rules will reduce about 2.5 billion tons of climate pollution by 2050, and using less fuel also means that we have to go to the gas pump less often. And so it means we save money, thousands of dollars in avoided fuel costs each year for consumers," he noted.
The relatively robust March jobs report showed that despite the low unemployment rate, Black, Hispanic, and women job seekers are still having difficulty finding work. William M. Rodgers III, the vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis noted that participation rates in the labor force ticked up for minorities, adding to other positive signs of growth. He also spoke to Cheddar News to discuss further the jobs figures, the state of the labor market, and rising inflation.
U.S. markets opened higher to kick off the second quarter, despite a miss on the March Jobs Report. The economy added $431,000 in the month, slightly lower than the $490,000 analysts had expected. The unemployment rate also ticked down to 3.6% from 3.8%. Kevin Simpson, Founder & Chief Investment Officer, Capital Wealth Planning joined Cheddar's Opening Bell to discuss.
President Biden is going after billionaires in his 2023 budget request to congress. The proposal would establish a 20% minimum tax rate on all households worth more than $100 million, as well as raise the corporate tax rate from 21% to 28%. Rhett Buttle, Small Business for America's Future Senior Advisor, Business Policy Expert & Biden Campaign Business Advisor, breaks down the proposal, what it aims to accomplish, and how small businesses might feel about it.
The Biden administration has announced the U.S. will accept up to 100,000 refugees fleeing the war in Ukraine and provide more than 1 billion dollars in new funding for the growing humanitarian crisis. The move comes as President Biden meets with his western counterparts in Europe to demonstrate a united front against Russia and show support for Ukraine. Altagracia Pierre-Outerbridge, Immigration Attorney for Outerbridge Law, explains how this is going to work.
The DOJ has endorsed an antitrust bill targeting tech giants like Apple, Amazon, Meta, and Google. The legislation would ban the companies from favoring their own products and services over their competitor's, making it more difficult them to dominate the marketplace. Greg Day, Assistant Professor of Legal Studies at the University of Georgia, breaks down the bill and its potential impact on anti-competition in the tech sector.
Catching you up with what you need to know on Apr 1, 2022, with Ukrainians hoping to flee the besieged city of Mariupol with a ceasefire is in place, President Biden orders the release of oil from U.S.reserves, LGBT activists suing Florida Governor Ron DeSantis over the "Don't Say Gay" Law, U.S. passports offering an "x" option for gender, and more.
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
