During a Wednesday press conference, New York Gov. Andrew Cuomo said social distancing will be key to making sure state hospitals can handle the apex of cases expected in late April.
“This all comes down to at the apex, can your hospital system manage the volume of people coming into the hospital system? That’s all this is about at the final analysis,” he said.
He presented one model that showed a need of 110,000 “COVID beds” and 37,000 ventilators by the end of April, if there is minimal impact from social distancing. Those numbers drop to 75,000 and 25,000 respectively based on higher compliance with social distancing.
The governor said that 391 New Yorkers died within the past 24 hours, bringing the total to 1,941 deaths and 83,000 cases.
He also showed a projection that predicts a total of 16,000 will die in the state before the population achieves “herd immunity.”
“We’re still looking for the curve to straighten, we’re still looking at where we see a plateau,” Cuomo said. “The line is still going up.”
State hospitals will begin to coordinate more, Cuomo said, by sharing supplies, medical personnel, and eventually moving patients from hard-hit areas to less-burdened hospitals.
Cuomo made official an earlier warning that he’d close playgrounds and public sports facilities in New York City if people didn’t voluntarily avoid them.
“I warned people that if they didn’t stop the density and the games in the playgrounds — you can’t play basketball, you can’t come in contact with each other — that we would close the playgrounds,” he said.
The governor noted that he is still open to people returning to work before the virus has completely run its course, assuming widespread testing is available to ensure status.
“My opinion is that the best way to do that is to come up with a rapid testing procedure,” he said.
Biotechnology company Regeneron is providing 500,000 testing kits to New Yorkers free of charge, according to Cuomo.
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
