2020年4月19日星期日

Yahoo! News: Education News

 
 
 
 
 
 
 
 

Yahoo! News: Education News


Trump suggests China won't be punished if coronavirus was 'a mistake'

Posted: 18 Apr 2020 03:47 PM PDT

Trump suggests China won't be punished if coronavirus was 'a mistake'President Trump offered competing messages on Saturday about how his administration would handle China's alleged culpability in the coronavirus pandemic, which originated in the southeastern city of Wuhan.


As COVID-19 deaths outpace funerals, New York’s public burial ground becomes a way-stop between the morgue and cemetery

Posted: 18 Apr 2020 05:12 AM PDT

As COVID-19 deaths outpace funerals, New York's public burial ground becomes a way-stop between the morgue and cemeteryOccupying 131 acres in Long Island Sound, off the Bronx shore, Hart Island is the largest public burial ground in the United States. The process used to bury the unclaimed on Hart Island is not new. … There will be no mass burials on Hart Island.


4 family members battling coronavirus after Virginia bishop's death

Posted: 18 Apr 2020 02:37 PM PDT

4 family members battling coronavirus after Virginia bishop's deathBishop Gerald Glenn of New Deliverance Evangelistic Church died from the virus. Now his wife, two daughters and son-in-law are sick.


A test of 200 people just outside Boston found that 32% had been exposed to the coronavirus, compared to an official rate of 2%

Posted: 19 Apr 2020 07:47 AM PDT

A test of 200 people just outside Boston found that 32% had been exposed to the coronavirus, compared to an official rate of 2%The study was carried out last week on passersby in Chelsea, Massachusetts. It suggests that the outbreak there is more severe than previously known.


Adherence to social distancing spurs dip in projected U.S. coronavirus deaths

Posted: 18 Apr 2020 12:40 AM PDT

Adherence to social distancing spurs dip in projected U.S. coronavirus deathsBetter-than-expected social distancing practices have led an influential research model to lower its projected U.S. coronavirus death toll by 12%, while predicting some states may be able to safely begin easing restrictions as early as May 4. The University of Washington's predictive model, regularly updated and often cited by state public health authorities and White House officials, projected on Friday that the virus will take 60,308 U.S. lives by Aug. 4, down from 68,841 deaths forecast earlier in the week. "We are seeing the numbers decline because some state and local governments, and, equally important, individuals around the country, have stepped up to protect their families, their neighbors, and friends and co-workers by reducing physical contact," said Christopher Murray, director of the university's Institute for Health Metrics and Evaluation (IHME).


North Korea is advancing its nuclear program, UN report says

Posted: 19 Apr 2020 12:47 PM PDT

North Korea is advancing its nuclear program, UN report saysThe 267-page U.N. report that provides surveillance photos and new evidence.


Coronavirus live updates: US death toll hits 40,000; New York set for aggressive antibody testing; more cash soon for small businesses

Posted: 19 Apr 2020 05:23 PM PDT

Coronavirus live updates: US death toll hits 40,000; New York set for aggressive antibody testing; more cash soon for small businessesU.S death toll hits 40,000, negotiators were close in on deal for struggling small businesses. Some states are relax restrictions. The latest news.


Judge doubts Kansas COVID-19 rule, blocks it for 2 churches

Posted: 18 Apr 2020 12:24 PM PDT

Judge doubts Kansas COVID-19 rule, blocks it for 2 churchesA federal judge signaled that he believes there's a good chance that Kansas is violating religious freedom and free speech rights with a coronavirus-inspired 10-person limit on in-person attendance at religious services or activities and he blocked its enforcement against two churches that sued over it. The ruling Saturday from U.S. District Judge John Broomes in Wichita prevents the enforcement of an order issued by Gov. Laura Kelly against a church in Dodge City in western Kansas and one in Junction City in northeast Kansas. The judge's decision will remain in effect until May 2; he has a hearing scheduled Thursday in the lawsuit filed against Kelly by the two churches and their pastors, on whether he should issue a longer-term or broader injunction.


Iranian president says prisoner leave to be extended

Posted: 19 Apr 2020 06:21 AM PDT

Iranian president says prisoner leave to be extendedIran will extend leave for prisoners for one more month, President Hassan Rouhani announced Sunday, after the country temporarily released 100,000 detainees to combat the spread of coronavirus. "Prisoners' leave was supposed to continue until the end of Farvardin (April 19)... it will be extended until the end of Ordibehesht (May 20)," Rouhani said during a televised meeting of the government's coronavirus taskforce, referring to two Iranian months. Judiciary spokesman Gholamhossein Esmaili did not directly confirm Rouhani's remarks but further leniency was anticipated.


Without supplying evidence, Trump says China has more coronavirus deaths than the U.S.

Posted: 17 Apr 2020 05:56 PM PDT

Without supplying evidence, Trump says China has more coronavirus deaths than the U.S.President Trump claimed on Friday that China was minimizing the number of deaths it has suffered from the coronavirus, disputing figures that showed the United States had suffered more fatalities from the disease.


Hong Kong police arrest pro-democracy activists in biggest crackdown since protests began

Posted: 18 Apr 2020 08:10 AM PDT

Hong Kong police arrest pro-democracy activists in biggest crackdown since protests beganThe novel COVID-19 coronavirus pandemic had led to relative calm when it came to Hong Kong's pro-democracy, anti-government protests in recent months, but the city's police arrested at least 15 pro-democracy activists Saturday in connection with the mass demonstrations that took place throughout last year.Media tycoon Jimmy Lai and former legislators Martin Lee, Albert Ho, Leung Kwok-hung, and Au Nok-Hin were among those arrested. Lee is reportedly considered the founding father of Hong Kong's democratic movement and helped write the city's Basic Law when it returned to Chinese rule in 1997.Their supporters said the arrests were meant to squash dissent since they came after Beijing authorities complained about the democratic camp disrupting legislative proceedings, but Hong Kong's police chief denied that, The South China Morning Post reports.After Lee was released on bail later in the afternoon, he said he has no regrets about participating in the protests.Per Al Jazeera, the raids were the biggest crackdown on the movement since the anti-government protests began last June in light of a since-abandoned extradition bill. Read more at Al Jazeera and The South China Morning Post.More stories from theweek.com A parade that killed thousands? 5 brutally funny cartoons about Dr. Fauci's Trump troubles America's fake federalism


Get the Breezy, Bahamian Look of Lulu de Kwiatkowski's Home

Posted: 18 Apr 2020 05:00 AM PDT

A bizarre conspiracy theory puts Bill Gates at the center of the coronavirus crisis — and major conservative pundits are circulating it

Posted: 19 Apr 2020 12:21 PM PDT

A bizarre conspiracy theory puts Bill Gates at the center of the coronavirus crisis — and major conservative pundits are circulating itFrom fringe conspiracy theorists to mainstream conservative pundits, this is how Bill Gates became the scapegoat for the coronavirus pandemic.


Coronavirus relief deal for U.S. small businesses may come Monday: Trump

Posted: 19 Apr 2020 06:08 AM PDT

Coronavirus relief deal for U.S. small businesses may come Monday: TrumpU.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said, despite hopes for a deal on Sunday. Trump told his daily White House briefing on the crisis that Republicans were "close" to getting a deal with Democrats, and suggested there could be a resolution on Monday. Earlier on Sunday, Senate Democratic leader Chuck Schumer had said he hoped a deal could be reached Sunday evening although he cautioned that many issues remained.


Europe reaches grim milestone, surpasses 100,000 coronavirus deaths

Posted: 19 Apr 2020 07:53 AM PDT

Europe reaches grim milestone, surpasses 100,000 coronavirus deathsThe continent has become the epicenter of the contagion.


Kim Jong Un's absence from event fuels speculation over health

Posted: 18 Apr 2020 08:02 AM PDT

Kim Jong Un's absence from event fuels speculation over healthNorth Korean leader Kim Jong Un's absence from an important anniversary event this week has fueled speculation over his potential health problems, analysts said on Friday.


Fact check: Herd immunity would not fully stop the spread of coronavirus

Posted: 18 Apr 2020 01:46 PM PDT

Fact check: Herd immunity would not fully stop the spread of coronavirusAlthough herd immunity may eventually be achieved, through vaccination or outbreak, other factors help stop respiratory diseases like COVID-19.


Trump says 'strange things' afoot surrounding coronavirus origins

Posted: 17 Apr 2020 05:54 PM PDT

Trump says 'strange things' afoot surrounding coronavirus originsU.S. President Donald Trump said on Friday that "a lot of strange things are happening" regarding the origins of the novel coronavirus. The broad scientific consensus is that the novel coronavirus originated in bats. Fox News reported on Wednesday that the virus originated in a Wuhan laboratory as part of China's effort to demonstrate the capability of its efforts in identifying and combating viruses.


Asia Today: Singapore sees huge surge in new virus cases

Posted: 17 Apr 2020 08:42 PM PDT

Asia Today: Singapore sees huge surge in new virus casesSingapore reported 942 new coronavirus cases on Saturday, a single-day high for the tiny city-state that pushed its total number of infections to 5,992, including 11 deaths. The number of cases in Singapore has more than doubled over the past week amid an explosion of infections among foreign workers staying in crowded dormitories. This group now makes up around 60% of Singapore's cases.


Cuomo says N.Y. will begin aggressive statewide antibody testing

Posted: 19 Apr 2020 10:56 AM PDT

Cuomo says N.Y. will begin aggressive statewide antibody testingNew York Gov. Andrew Cuomo said his state will undertake aggressive antibody testing measures over the upcoming week.


A private island off the coast of Miami paid $30,000 for 1,800 coronavirus antibody tests while the rest of the US struggles to obtain any tests at all. Here's how America's richest ZIP code did it.

Posted: 18 Apr 2020 08:07 AM PDT

A private island off the coast of Miami paid $30,000 for 1,800 coronavirus antibody tests while the rest of the US struggles to obtain any tests at all. Here's how America's richest ZIP code did it.To live on exclusive Fisher Island, residents pay a one-time fee of $250,000. The coronavirus is a whole different pandemic for the ultrarich.


Biden picks up more delegates with Wyoming caucus win

Posted: 19 Apr 2020 01:29 PM PDT

Biden picks up more delegates with Wyoming caucus winBiden, the presumptive Democratic nominee, remains over 700 delegates away from the 1,999 needed to clinch the nomination.


'Delusional,' 'Absolutely false': Governors cry foul on Trump testing claims

Posted: 19 Apr 2020 09:29 AM PDT

'Delusional,' 'Absolutely false': Governors cry foul on Trump testing claimsExperts have said testing would need to be at least doubled from current levels in order to allow for even a partial reopening of America's economy.


Mnuchin says deal 'very close' on billions more for small-business loans

Posted: 19 Apr 2020 04:54 PM PDT

Mnuchin says deal 'very close' on billions more for small-business loansThe deal would include $300 billion in new funds for small businesses to pay their employees, as well as $75 billion for hospitals, Mnuchin said.


Experimental virus drug remdesivir effective in monkeys : study

Posted: 18 Apr 2020 01:35 AM PDT

Experimental virus drug remdesivir effective in monkeys : studyThe experimental antiviral drug remdesivir has proven effective against COVID-19 in a small experiment involving monkeys, US government scientists reported Friday. One group received the drug, which was developed by Gilead Sciences, and the other group did not. One of the six treated animals showed mild breathing difficulty, while all six of the untreated monkeys had rapid and difficult breathing.


'Armed bandits' kill 47 in northwest Nigeria's Katsina state: police

Posted: 19 Apr 2020 10:58 AM PDT

Asia virus latest: India curbs foreign takeovers; Japanese tulips snipped

Posted: 19 Apr 2020 02:52 AM PDT

Asia virus latest: India curbs foreign takeovers; Japanese tulips snippedIndia has increased restrictions on direct foreign investment to curb "opportunistic" takeovers and acquisitions of Indian companies due to the COVID-19 pandemic, the trade ministry said. Under the new policy released Saturday, foreign investors that share land borders with India -- including China -- will only be allowed to invest in the country with government approval. The previous policy restricted the need for government approval for investments from Bangladesh and Pakistan.


Use One of These Grill Cleaners to Ensure a Food-Safe Cooking Space

Posted: 18 Apr 2020 07:00 AM PDT

Column: This man masterminded my friend Daniel Pearl's abduction in 2002. He shouldn't be set free

Posted: 19 Apr 2020 10:09 AM PDT

Column: This man masterminded my friend Daniel Pearl's abduction in 2002. He shouldn't be set freePearl's beheading opened the door to more violence against journalists. Those who abducted him should remain in prison.


Boko Haram suspects 'die of poison' in Chad jail

Posted: 19 Apr 2020 02:55 AM PDT

Boko Haram suspects 'die of poison' in Chad jailThe 44 men were taken into custody around Lake Chad during an offensive against Islamist militants.


Virginia governor says 'this is not the time for protest' as Trump links anti-social distancing demonstrations to Second Amendment rights

Posted: 19 Apr 2020 09:40 AM PDT

Virginia governor says 'this is not the time for protest' as Trump links anti-social distancing demonstrations to Second Amendment rightsNortham called Trump's claims about adequate testing capabilities "delusional." Maryland Gov. Larry Hogan said Trump's claims were "absolutely false."


Ukraine in flames: Chernobyl wildfire highlights a dangerous tradition

Posted: 18 Apr 2020 01:38 AM PDT

Ukraine in flames: Chernobyl wildfire highlights a dangerous traditionVillagers' embrace of traditional field-burning clashes with modern need to safely contain nuclear waste for generations to come.


Trump says he's close to a deal with Congress on virus aid

Posted: 19 Apr 2020 10:07 AM PDT

Trump says he's close to a deal with Congress on virus aidThe Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing. President Donald Trump said Sunday, "We're getting close to a deal." Along with the small business boost, Trump said the negotiators were looking at "helping our hospitals," particularly hard-hit rural health care providers.


Sheriff threatened to jail teen's family if she did not delete Instagram posts about coronavirus, lawsuit says

Posted: 18 Apr 2020 02:22 PM PDT

Sheriff threatened to jail teen's family if she did not delete Instagram posts about coronavirus, lawsuit saysThe Marquette County sheriff maintained the girl did not have the right to make her Instagram posts, the lawsuit says.


U.S. says China should stop 'bullying behaviour' in South China Sea

Posted: 18 Apr 2020 06:50 AM PDT

Searching for dead brings extra agony in Ecuador's largest city

Posted: 18 Apr 2020 12:15 AM PDT

Searching for dead brings extra agony in Ecuador's largest cityDarwin Castillo's father died in Guayaquil during the coronavirus pandemic that has caused the Ecuadoran city's health system to collapse. Guayaquil, Ecuador's largest city, is the capital of Guayas province has recorded roughly 70 percent of the country's more than 8,200 coronavirus cases. Castillo, 31, who works in a factory making plastic products, ended up returning the coffin he had purchased to the funeral home.


'They're killing us,' Texas residents say of Trump protections rollbacks

Posted: 19 Apr 2020 02:27 PM PDT

'They're killing us,' Texas residents say of Trump protections rollbacksResidents of the mostly black and Latino communities closest to the oil refineries and chemical plants in Texas say it puts them on the front line of the Trump administration's rollbacks of decades of public health and environmental protections.


Questions mount over Christian group behind Central Park Covid-19 hospital

Posted: 19 Apr 2020 04:00 AM PDT

Questions mount over Christian group behind Central Park Covid-19 hospitalFacility run by Trump ally Franklin Graham's organisation requires staff to sign statement opposing gay marriageWhen big white field hospital tents appeared in Central Park in late March, they became a potent symbol of the scale and severity of New York's coronavirus crisis.But just over two weeks since the opening of the 68-bed facility run by Franklin Graham's organisation Samaritan's Purse, questions are mounting over why the controversial religious leader viewed by many to be homophobic, Islamophobic and politically extreme was chosen to perform this vital role outside Mount Sinai hospital on Fifth Avenue, and who sanctioned it.Graham, a close ally whom Donald Trump praised in a recent briefing, has previously described Islam as "evil" and has described gay people as "the enemy". Coronavirus, he recently said, was a result of "the sin that's in the world".Samaritan's Purse – which has so far treated 130 coronavirus patients and has about 90 staff at the Central Park field hospital – requires all staff and volunteers to sign a "statement of faith".Statements in the document include "we believe that marriage is exclusively the union of one genetic male and one genetic female" and "human life is sacred from conception to its natural end".The decision to allow the group to run such a key Covid-19 effort in the city has drawn protests from both activists and politicians."His hostility towards LGBTQ people does not comport, in my opinion, with his desire to provide assistance and relief to New Yorkers during this time of crisis," the New York state senator Brad Hoylman said. "That said, the federal government has put us in the unfortunate position of having to accept charity from bigots like Franklin Graham and at the very least I think it's government's responsibility to ensure that he follows the law."Hoylman has requested that the Mount Sinai hospital network ask Samaritan's Purse staff to sign a non-discrimination agreement acknowledging their understanding of New York's human rights law. But he still fears the organisation's presence in the city will cause "incalculable" damage."I do fear that we've given Franklin Graham a platform in one of the most famous pieces of public land in the country to spew his hatred of LGBTQ people, and unfortunately at the same time legitimise his homophobia," Hoylman said.On Easter Sunday, Graham – son of the late evangelist Billy Graham – gave an Easter message from outside the Central Park hospital, broadcast on Fox News with the charity logo on a banner in the background.Natalie James, a member of Reclaim Pride Coalition, which staged a protest outside the hospital on Tuesday, said: "Franklin Graham, their notoriously transphobic and homophobic leader of their organisation, had an Easter sermon right there in Central Park next to those tents, which I can only imagine was furthering their fundraising."Among those who spoke at the protest was Timothy Lunceford-Stevens, who said he was rejected as a volunteer by Samaritan's Purse because he did not want to sign the statement of faith. James said the protesters were not necessarily trying to shut down the hospital – acknowledging that help was needed – but that the group wanted Samaritan's Purse to drop the statement of faith, which they believe could be in violation of state and city human rights laws.A group of US lawmakers from New York – including the Democrats Alexandria Ocasio-Cortez, Adriano Espaillat and Jerry Nadler – wrote a public letter warning of their "concern about the policies governing Samaritan's Purse emergency field hospital in Central Park specifically, the implications for LGBTQIA+ New Yorkers with Covid-19".The letter, addressed to New York's governor, Andrew Cuomo; the New York City mayor, Bill de Blasio; and the Mount Sinai Health System CEO, Kenneth Davis, called for answers to a series of questions, including details of the process that granted the charity use of public land, any non-discriminatory agreements in place and funding.New York state approved the field hospital application. De Blasio has previously said that he found the organisation "troubling" but that Mount Sinai had assured him there would be no discrimination and that his office would be monitoring.Espaillat, whose district includes Mount Sinai hospital, said he believes the situation has come about because the city is in "crisis mode". He added: "Had it been any other time, this would have been a major scandal."Despite all the outrage, Graham, 67, told the Guardian in an interview on Thursday that he believed "the vast majority of New Yorkers are glad that we are there" and that the organisation would remain in Central Park for as long as it was needed.The preacher, who lives in Boone, North Carolina, added: "It's just a small handful of people who are opposed. And I find in life there's always somebody who's opposed to whatever you do and they're just naysayers who disagree with our difficult positions and take exception to that."Defending the statement of faith, he said: "We are an evangelical Christian organisation and we want to have people of like mind."He said "a handful" of qualified people had been turned away because they could not sign the statement of faith, which he said was non-negotiable. "If they agree with it they'll sign it, if they don't agree with it then they move on. That's just who we are and we're not going to change who we are."But he insisted that all patients were treated the same "regardless of their sexual orientation, their race or their religion, it doesn't matter".He also claimed he was not homophobic or Islamophobic, but added: "I certainly disagree with homosexuality and I believe the Bible's very clear about what it has to say about homosexuality, and that's my opinion and that's what I believe, but I'm not anti-gay."The charity is also working in Cremona, Italy, where it has another coronavirus field hospital, and Alaska, where it has airlifted medical supplies. If it were no longer needed in New York and another city requested the field hospital, Graham said, it would "certainly go to that city".Graham said the collaboration with Mount Sinai came about after the Federal Emergency Management Agency (Fema) found out Samaritan's Purse had a spare field hospital in a warehouse and asked if the group would be willing to go to New York. He said Mount Sinai had got in touch with the organisation and soon after it began considering different locations.He said Mount Sinai decided the tents should be in Central Park because of its "close proximity" to the hospital. He said the field hospital – including its equipment and staff – was entirely funded by private donations, adding: "We have no state, federal or city money."Fema did not respond to a request for comment. The New York state department of health spokesman, Jonah Bruno, said it had approved the application for Mount Sinai and Samaritan's Purse to erect the field hospital in the park on a "temporary basis, until the governor's emergency declaration is lifted".He added: "The department will fully enforce any and all applicable anti-discrimination laws and regulations against any healthcare provider operating in New York state."The New York City spokeswoman, Jane Meyer, said a member of staff from the mayor's office checked in with staff of Mount Sinai and Samaritan's Purse "every day to ensure things are running smoothly and they also visit the site in person". But Samaritan's Purse said they only came "on occasion".The Mount Sinai spokesman, Jason Kaplan, said: "While our organisations may have differences of opinions, when it comes to Covid-19 we are fully united: we will care for everyone and no patients or staff will be discriminated against. Mount Sinai and Samaritan's Purse are unified in our mission to provide the same world-class care to anyone and everyone who needs it. No questions asked. Any suggestion otherwise is incorrect."


Trump Assails ‘Rude and Nasty’ Democrats in Series of Tweets

Posted: 18 Apr 2020 12:36 PM PDT

Escaped prisoners caught in other state after homeless center recognizes them

Posted: 17 Apr 2020 10:22 PM PDT

Escaped prisoners caught in other state after homeless center recognizes themA Wisconsin prison kitchen employee accused of being potential accomplice; more arrests expected.


Israelis accuse Netanyahu of endangering democracy

Posted: 19 Apr 2020 11:45 AM PDT

Italy's daily coronavirus death toll lowest since April 12

Posted: 18 Apr 2020 09:16 AM PDT

Italy's daily coronavirus death toll lowest since April 12Deaths from the COVID-19 epidemic in Italy rose by 482 on Saturday, the lowest daily increase since April 12, while the number of new cases was stable at 3,491, the Civil Protection Agency said. The death toll had risen by 575 on Friday, up from 525 the day before, with 3,493 new cases recorded.


Apple is still selling the iPhone XR, but the new iPhone SE means there's only one reason to buy the old one

Posted: 19 Apr 2020 06:35 AM PDT

Apple is still selling the iPhone XR, but the new iPhone SE means there's only one reason to buy the old oneThe iPhone SE and iPhone XR are comparable, but the SE is cheaper and has an upgraded chip, though the XR still has a bigger display.


Dr. Birx: It's Unclear How Long Immunity Lasts for Those Who Have Recovered From Coronavirus

Posted: 19 Apr 2020 09:40 AM PDT

Dr. Birx: It's Unclear How Long Immunity Lasts for Those Who Have Recovered From Coronavirus"We just don't know if it's immunity for a month, immunity for a six months, immunity for six years"


Death sparks unrest at major migrant camp in Greece

Posted: 19 Apr 2020 01:07 PM PDT

Death sparks unrest at major migrant camp in GreeceA fire ripped through one of Greece's largest migrant camps leaving widespread damage and many people homeless after the death of an Iraqi woman sparked unrest, officials said Sunday. The blaze late Saturday at Vial camp on Chios island destroyed the facilities of the European asylum service, a camp canteen, warehouse tents and many housing containers, Migration Ministry Secretary Manos Logothetis told AFP. Anissa, a 22-year-old asylum-seeker from Somalia who declined to give her last name out of concern for her safety, said the fire "burned two big tents and each tent has more than 20 homes" inside.


CEOs, not the unemployed, are America's real 'moral hazard'

Posted: 18 Apr 2020 10:00 PM PDT

CEOs, not the unemployed, are America's real 'moral hazard'Many Republicans believe economic relief for those without jobs encourages slacking off. But it is corporations that are bailed out again and againThe coronavirus relief enacted by Congress is barely reaching Americans in need.This week, checks of up to $1,200 are being delivered through direct-deposit filings with the Internal Revenue Service. But low-income people who have not directly deposited their taxes won't get them for weeks or months. Worse yet, the US treasury is allowing banks to seize payments to satisfy outstanding debts.Meanwhile, most of the promised $600 weekly extra unemployment benefits remain stuck in offices now overwhelmed with claims.None of this seems to bother conservative Republicans, who believe all such relief creates what's called "moral hazard" – the risk that government benefits will allow people to slack off.The Republican senator Lindsey Graham, for example, says state unemployment offices are overwhelmed because the extra $600 is "incentivizing people to leave the workforce". Hello?When it comes to big corporations and their CEOs, however, conservatives don't worry about moral hazard. They should.Before the coronavirus outbreak, corporations were borrowing money like mad, capitalizing on the Fed's bargain-basement interest rates. Total business debt topped $16tn last year. Corporations used much of this debt to buy back their own shares of stock. This raised the earnings of each remaining share, creating a bonanza for big investors and top executives.Trump never tired of pointing out how spectacularly stocks had risen on his watch. But he neglected to mention those stocks were floating on a rising sea of corporate debt – which left corporate America dangerously unprepared for any sharp downturn.Then came Covid-19 and the sharpest downturn on record.American corporations spent $730bn on buybacks last year and more than $370bn this year before the virus, much of it financed by debt. If they hadn't frittered away that trillion or so dollars, they'd be better able to cope with this emergency.Over the past five years, four big airlines and the aerospace giant Boeing spent more than $70bn buying back their own stock, putting them deep in debt. If they hadn't binged on buybacks, they'd be better equipped to weather this storm.No worries. Government is bailing them out, just as it did the Wall Street banks that exploded in 2008.On 9 April the Fed announced it will buy up corporate debt, even backstopping private-equity firms that also borrowed to the hilt. The treasury secretary, Steven Mnuchin, announced on Tuesday an agreement with the airlines under which they will receive billions of taxpayer dollars.Forget moral hazard. They're all too big to fail.The Fed and the treasury had little choice. Massive defaults and bankruptcies would wreak even more havoc on the economy. Better to maintain some payrolls than add to the unemployment rolls.But by saving the backsides of big corporations and their CEOs, the bailouts have rewarded corporate America's obsession with short-term profits regardless of longer-term risks to the corporation, its employees, and the overall economy.Why is moral hazard a problem when it comes to millions of jobless Americans who can't even collect $600 in unemployment benefits, but not a problem when it comes to CEOs who have borrowed to the hilt, used the money to artificially boost share prices, and pocketed $20m a year?Giving the vast majority of Americans a bit more cushion against the downside risks they face surely poses less harm than giving CEOs a cushion against the risks they take with the entire economy.It's not too late for the Fed and the treasury to take shares of stock in every corporation that gets bailed out.This way, CEOs and big investors aren't rewarded for binging on debt to finance stock buybacks. The public gets in on the upside of any eventual recovery. And there will be more money to finance stronger safety nets for Americans who actually need them.Another necessary step is to ban stock buybacks – as was the case before 1982, when the Securities and Exchange Commission viewed them as potential vehicles for stock manipulation and fraud.They still are. Shareholders who unwittingly sell their stocks back to corporations that are artificially pumping up share prices lose out on the gains. Why isn't this fraud?A final step must be to regulate credit-rating agencies charged with informing investors about the true riskiness of corporate debt. Why were they still giving high ratings to the bonds of corporations so laden with debt they couldn't survive a downturn?The real moral hazard has been in C-Suites, not in homes. It's time to stop bailing out corporations and start bailing out people. * Robert Reich, a former US secretary of labor, is professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. His new book, The System: Who Rigged It, How We Fix It, is out now. He is a columnist for Guardian US


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