Home Tags Posts tagged with "coronavirus pandemic"

coronavirus pandemic

0

Truth be told, before Covid-19 many people want to stay back in their homes and relax after a long day at the office. One of the things you are afraid of is waking up early to evade looking unkempt and the need to rush on the train. Part of your budget is clothing because you must look your best, presentable, and decent every time.

Unexpectedly, the pandemic broke out, and graciously you did not lose your job. Nonetheless, you are expected to work from home. I believe you find this idea very exciting because all the inconvenience of rushing a train to get to work among many other people are no longer required.

Now, to the main question, Is this how you imagined it?

You need to bear in mind that working from home has disadvantages that may not be glaring to you. The idea of working from home in your pyjamas and working at your pace might be interesting, but endeavor to avoid the following financial issues.

First Problem: Excessive spending on Food Deliveries

We can’t deny the fact that we need to help food vendors and drivers earn a living. Likewise, we need to support small businesses at this trying time. Nonetheless, it would help if you were careful while spending. It would be best if you did not rely on food deliveries all the time.

It’s quite convenient, but you need to know that the delivery fees will accumulate in the long run, and you would be surprised to know how much you have spent on deliveries.

While you are working from home, you can prepare your food, be self-sufficient, and are on your way to saving more at the end.

Second  Problem: Lack of Budget

Keep the excitement about working from home, although it gives you the chance to save more because you don’t have to spend on transportation fare, new clothes, and lunch-outs, which does not mean you can afford to spend more money on things you want.   

You presently need a budget to work on more than ever. You have to save your salary and spread it accordingly on rent, grocery, bills, and amortization. Don’t forget savings and investment when you have a budget you work with it gives you room to be frugal.

Third Problem: Lack of Savings

Many people don’t have the habit of saving, especially during this pandemic period. We can also say your chance of survival is dependent on savings.

Do not allow the pandemic to make you neglect saving habits; always try to place aside part of your salary as savings.

In case an emergency need arises, and you need the money more than anything. Nobody knows how long the pandemic will last, this is when the saying “saving for the rainy day” becomes essential, and it shows having savings is paramount.

Fourth Problem: Terrific Shopping Habits.

Many people are terrified because of the pandemic. You will always meet a lot of people at the grocery store, no matter the time. When it’s your turn to shop, endeavor to go easy on spending and cut out what you don’t need. 

Always make sure you buy essential things, so you don’t run out of groceries and have to go back to get more often. Do not spend on snacks and sweets, it will only make you have more bills to pay. Also, they are not nourishing, and it could be harmful to your health. Remember to pay with cash and avoid paying with credit; it will save you the stress of paying outside.

Fifth Problem: Becoming Too Complacent

Working from the comfort of your home has its benefits, and at the same time, has its disadvantages, which include being complacent. You might feel too lazy and want to be in bed and watch movies all day.

This may sound like having the fun you have ever waited for long to have; you must never forget your responsibilities. You can plan your day by having a schedule for work and relaxation. Do not attempt to work in the bedroom to avoid the temptation of falling asleep on your bed. Mute your notifications on your phone to avoid checking your phone each time the phone chimes.

Urgent financial assistance if you are out of the budget

In case you have not been able to work with a budget during the pandemic and need money for emergency needs, do not worry, you have online lending company. Robocash gives 24 hour payday loan to people who need a money to meet urgent needs. Once you are ready, log on to their website robocash.ph to fill the form.

You may be wondering what you have to do to qualify for the loan. Here are the requirements:

  • Generate personal space on the Robocash website. The first thing you need to do is fill a form with personal data.
  • To do this, you need a valid ID and phone number. It takes a few minutes to do this.
  •  Fill in how you want the loan transferred. Robocash works with significant partners in the Philippines for you to receive and pay back the loan in a convenient way.
  • You need to sign a contract with Robocash. You must consent to apply for a loan. You will receive confirmation code on your phone through a text message. You will receive the Robocash loan without any delay.

Here are some of the benefits of getting a loan from Robocash:

– You can request the loan amount from 1000 to 25000 pesos and its duration from 7 to 30 days.

– You can request a loan by filling out the form at any time of day, on holidays and weekends.

– You can apply for a loan without co-borrowers, collateral and references from work.

While working at home, do not forget to search for other means of earning money. Remember to be grateful for what you have as this time is challenging.

The US jobs growth slowed sharply in July as the country struggled to control the coronavirus pandemic.

1.8 million jobs have been added last month, down from a record 4.8 million in June.

The US unemployment rate fell to 10.2%, continuing to improve from the high of 14.7% seen in April.

The figures reignited calls for Washington to approve further economic stimulus, though the slowdown was not as bad as many economists had feared.

The US Labor Department report, “confirms that the resurgence in new virus cases caused the economic recovery to slow, but also underlines that it has not yet gone into reverse,” said Andrew Hunter, senior economist at Capital Economics.

The job gains in July came from many of the sectors hit hardest by shutdowns, including restaurants, bars and retail outlets.

Photo Getty Images

Coronavirus: US Lost 20 Million Jobs Over the Last Four Weeks

Coronavirus: US Unemployment Rate Surges for Third Week

Economists have said this kind of hiring, happening as states around the country allow establishments to reopen, represents the “easy” part of a long recovery ahead.

Since February, the US has lost more than 12 million jobs and seen unemployment spike from a roughly 50-year-low of 3.5%.

In Q2 of 2020, the US economy was hit by its sharpest quarterly contraction in more than 70 years of record-keeping, shrinking at an annual rate of 33% or nearly 10% year-on-year.

The 10.2% unemployment rate the Labor Department reported for July is higher than the worst of the 2007-2009 financial crisis, when the jobless rate peaked at 10%.

This week, nearly 1.2 million people filed new claims for unemployment. More than 31 million people – roughly 1 in 5 American workers – continue to collect the benefits.

Economists have said the loss of momentum last month is a sign of the peril facing the economy, as health concerns put a dampener on consumer spending and temporary measures passed in March, including bans on evictions and a $600 emergency boost to unemployment benefits, expire.

While Washington lawmakers have been trying to negotiate further stimulus, many Republicans oppose a deal of the size Democrats say is necessary.

“The most responsible thing we can do is to take proactive measures to allow people to return to work safely, instead of continuing to lock down the economy,” Republican Congressman Kevin Brady said after the report.

Republicans want a deal to include legal protections for employers against virus-related health claims from workers.

They are also pushing to reduce the $600 emergency supplement to unemployment benefits, which expired last month, and have proposed far less aid to local governments than Democrats want.

Their stance has presented a challenge for President Donald Trump, who had hoped to use a strong economy as his calling card to voters in his campaign for re-election in November. He has said he may act unilaterally to extend some aid.

0
Imagine de Pete Linforth de la Pixabay

Melbourne, Australia’s second-largest city, has begun a second lockdown in response to a spike in new coronavirus infections.

The five million Melbourne’s residents will be barred from leaving home for six weeks, except for essential reasons.

Police say they are setting up a “ring of steel” around the city, with “checkpoints anytime and anywhere” to enforce the measures.

Borders between Victoria, of which Melbourne is the capital, and neighboring states closed on July 7.

PM Scott Morrison paid tribute to Melbournians’ resilience on July 8.

“The rest of the country knows that the sacrifice that you’re going through right now is not just for you and your own family, but it’s for the broader Australian community,” the prime minister said during a news conference.

Scott Morrison also said he was proposing measures to slow the return of Australian nationals from overseas.

Victoria State Premier Daniel Andrews announced the Melbourne lockdown on July 7 after the state saw 191 new infections, its highest daily number since the pandemic began.

The July 8 figure was down to 134, but still much higher than numbers in the rest of the country.

Australia has recorded almost 9,000 cases and 106 deaths from the virus.

Meanwhile, Australian media reported that passengers on a flight from Melbourne to Sydney disembarked on July 7 without being screened.

New South Wales state has banned travel from the greater Melbourne area except under exceptional circumstances, and the passengers should have been required to self-isolate for two weeks.

People will be kept to their homes and will only be able to leave for essential reasons, such as for work, exercise and shopping for food and other necessities.

Coronavirus: Dexamethasone Can Help Preventing Covid-19 Deaths

Coronavirus: FDA Authorizes Ebola Drug Remdesivir for Treating Covid-19

Schools will largely return to distance learning and restaurants will, once again, only be permitted to serve takeaway food.

However, shops and hairdressers will remain open.

The lockdown covers only Melbourne and an area to the north called the Mitchell Shire, but the state as a whole has been sealed off from the neighboring states of New South Wales and South Australia.

Police and troops have been stationed at border crossings and patrol the vast borders with drones and other aircraft.

As of July 9, they will also be doing random checks on vehicles in and around the city.

For months Australia had felt optimistic about containing Covid-19 then came the resurgence of the virus in Melbourne.

The US economy will be affected by the coronavirus pandemic for almost a decade, according to projections by the Congressional Budget Office (CBO).

The CBO forecasts the outbreak will cut US economic output by 3% between this year and 2030, a loss of $7.9 trillion.

The warning comes as tens of millions of people are out of work due to lockdown measures.

The CBO is a federal agency within the US government that provides budget and economic information to Congress.

America’s historic downturn comes even after trillions of dollars have been pumped into the economy.

Image source Wikimedia

Coronavirus: 33.3 Million Americans Filed Unemployment Claims in Last Six Weeks

The CBO said the majority of the loss was caused by the sharp contraction in economic activity this year, which it had not predicted in its last 10-year report, published in January.

CBO director Phillip Swagel wrote in response to an inquiry from Senate Minority Leader Charles Schumer: “Business closures and social distancing measures are expected to curtail consumer spending, while the recent drop in energy prices is projected to severely reduce US investment in the energy sector.”

“Recent legislation will, in CBO’s assessment, partially mitigate the deterioration in economic conditions,” he added.

Since the virus pandemic hit the US the government and the Fed have provided trillions of dollars of support for the world’s biggest economy.

Still, unemployment has soared to levels not seen since the Great Depression of the 1930s as more than 40 million Americans have already been put out of work.

The US unemployment rate hit 14.7% in April and on June 5 the Labor Department is expected to confirm that it reached 20% in May. In March that figure stood at just 4.4% having risen from a 50-year low from the month before.

There is an ongoing debate in the Congress over a new $3 trillion a new stimulus plan as well as a proposal to renew several federal aid programs that would otherwise lapse, including a temporary increase to jobless benefits that is set to expire in July.

0
Image source: Wikimedia Commons

The Tokyo 2020 Olympic and Paralympic Games have been postponed until 2021 because of the worldwide coronavirus pandemic.

The Olympics, due to begin on July 24, will now take place “no later than summer 2021”.

Japan’s PM Shinzo Abe: “I proposed to postpone for a year and [IOC] president Thomas Bach responded with 100% agreement.”

The event will still be called Tokyo 2020 despite taking place in 2021.

In a joint statement, the event’s organizers and the IOC said: “The unprecedented and unpredictable spread of the outbreak has seen the situation in the rest of the world deteriorating.

“On Monday, the director general of the World Health Organization, Tedros Adhanom Ghebreyesus, said that the Covid-19 pandemic is ‘accelerating’.

“There are more than 375,000 cases now recorded worldwide and in nearly every country, and their number is growing by the hour.

“In the present circumstances and based on the information provided by the WHO today [Tuesday], the IOC president and the prime minister of Japan have concluded that the Games of the XXXII Olympiad in Tokyo must be rescheduled to a date beyond 2020 but not later than summer 2021, to safeguard the health of the athletes, everybody involved in the Olympic Games and the international community.”

The IOC had given itself a deadline of four weeks to consider delaying the Games but there had been mounting pressure from a host of Olympic committees and athletes demanding a quicker decision.

On March 22, Canada became the first major country to withdraw from both events, while USA Track and Field, athletics’ US governing body, had also called for a postponement.

International Paralympic Committee president Andrew Parsons said the postponement was “the only logical option”.

Andrew Parsons added: “The health and wellbeing of human life must always be our number-one priority and staging a sporting event of any kind during this pandemic is simply not possible.

“Sport is not the most important thing right now, preserving human life is. It is essential, therefore, that all steps are taken to try to limit the spread of this disease.

“By taking this decision now, everyone involved in the Paralympic movement, including all Para-athletes, can fully focus on their own health and wellbeing and staying safe during this unprecedented and difficult time.”

The Olympics have never been delayed in their 124-year modern history, though they were canceled altogether in 1916, 1940 and 1944 during World War One and World War Two.

Major Cold War boycotts disrupted the Moscow and Los Angeles summer Games in 1980 and 1984.

The Tokyo 2020-IOC joint statement continued: “The leaders agreed that the Olympic Games in Tokyo could stand as a beacon of hope to the world during these troubled times and that the Olympic flame could become the light at the end of the tunnel in which the world finds itself at present.

“Therefore, it was agreed that the Olympic flame will stay in Japan. It was also agreed that the Games will keep the name Olympic and Paralympic Games Tokyo 2020.”

0
Image source: indiatvnews.com

India is observing a 14-hour long curfew to try to combat the coronavirus pandemic.

PM Narendra Modi announced the Janata curfew last week, telling citizens that it would be a test in order to assess the country’s ability to fight the virus.

The prime minister urged citizens to stay indoors from 07:00 until 21:00 on March 22.

India has so far recorded 315 cases.

Narendra Modi tweet: “Let us all be a part of this curfew, which will add tremendous strength to the fight against Covid-19 menace. The steps we take now will help in the times to come.”

Coronavirus: California Puts 40 Million Residents Under Lockdown

Coronavirus: Global Death Toll Exceeds 10,000

Coronavirus: Mount Athos Closes for Pilgrims and Visitors until March 30

According to NDTV, transport across India has been affected by the curfew. No long-distance or suburban trains are running; however, those already running before the curfew will not be stopped.

Images from various cities in India show roads and towns mainly empty.

In Delhi, all stores were closed apart from those selling essentials, and pharmacies. Religious places canceled activities as part of the curfew.

PM Modi has asked people at 17:00 on March 22 to stand at balconies or near windows and clap or ring bells to show their appreciation for medical professionals and sanitation workers.

Some parts of India have already enforced shutdowns.

Rajasthan ordered a shutdown until March 31. Four cities in the state of Gujarat have introduced similar measures until March 25.

India has barred entry to everyone, including citizens, flying from certain countries, including most European nations. It has also canceled most entry visas for people flying in from other countries.

Popular Indian monuments – such as the 16th Century Red Fort in Delhi – have been shut to visitors to prevent large gatherings.

The Taj Mahal, India’s most iconic monument, closed its doors on March 17, along with more than 140 other monuments and museums.

The World Health Organization (WHO) has labeled the coronavirus outbreak as a pandemic.

WHO chief Dr. Tedros Adhanom Ghebreyesus said the number of cases outside China had increased 13-fold over the past two weeks.

A pandemic is a disease that is spreading in multiple countries around the world at the same time.

However, the WHO chief said that calling the outbreak a pandemic did not mean it was changing its advice about what countries should do.

Dr. Tedros called on governments to change the course of the outbreak by taking “urgent and aggressive action”.

He said: “Several countries have demonstrated that this virus can be suppressed and controlled.

“The challenge for many countries who are now dealing with large clusters or community transmission is not whether they can do the same – it’s whether they will.”

Governments had to “strike a fine balance between protecting health, minimizing disruption and respecting human rights”.

He added: “We’re in this together to do the right things with calm and protect the citizens of the world. It’s doable.”

Earlier, Germany’s Chancellor Angela Merkel warned that up to 70% of the country’s population – some 58 million people – could contract the coronavirus.

Angela Merkel said since there was no known cure, the focus would fall on slowing the spread of the virus.

Some German virologists dispute the high figure. Former federal government adviser on disease control, Prof. Alexander Kekulé, told German media he saw a worst case scenario of 40,000 cases.

The number of confirmed cases in Germany has risen to 1,567 from 1,296, the Koch institute for infectious diseases said.

Coronavirus: UK Health Minister Nadine Dorries Tests Positive for Virus

Coronavirus: Italy in Full Lockdown to Curb COVID-19 Spread

Coronavirus: Which Are the Worst-Affected Countries?

Coronavirus: Signs, Symptoms and Treatment

In Italy, where there are 12,447 confirmed cases, PM Giuseppe Conte has announced the closure of schools, gyms, museums, nightclubs and other venues across the country.

On March 11, Italian health officials said the death toll there had risen to 827 from 631. Nearly 900 people with the virus in Italy were in intensive care, the WHO’s emergencies head Michael Ryan said.

Dr. Ryan said the situation in Iran – where there were 354 deaths among 9,000 cases – was “very serious”. The WHO had sent 40,000 testing kits to Iran but there was still a shortage of ventilators and oxygen.

He said: “Iran and Italy are suffering now but I guarantee you other countries will be in that situation very soon.”

France said there had been 48 deaths in the country, an increase of 15 from March 10. There are 2,281 confirmed cases. Coronavirus-linked restrictions have been extended to two more areas, France’s health minister said.

In the western US, Washington state is banning some large gatherings in certain areas and has told all school districts to prepare for possible closures in the coming days. The governor of Seattle’s King County said he expected a serious coronavirus outbreak within weeks.

In the eastern US, New York’s governor announced that troops would be sent into New Rochelle, in an attempt to contain an outbreak of the virus, as the total number of US cases passed 1,000 on March 11.

A one-mile containment zone was in force around the town north of Manhattan. Some individuals have been quarantined.

A number of countries have imposed sweeping travel restrictions. India has suspended most visas for foreigners until April 15. Guatemala is banning European citizens from entering from March 12.

Music festivals and other major events in the US, including Coachella festival in California, have been canceled or postponed. The E3 gaming show set for Los Angeles in June is among those canceled.

Thousands of flights have been canceled worldwide as airlines struggle to cope with a slump in demand.

UK health minister Nadine Dorries announced she had tested positive for coronavirus and was self-isolating at home.

Several countries – including Sweden and Bulgaria, as well as the Republic of Ireland – have recorded their first deaths, while the number of confirmed cases in Qatar jumped from 24 to 262.

China – where the virus was first detected – has seen a total of 80,754 confirmed cases and 3,136 deaths. However, China recorded its lowest number of new infections, just 19, on March 10.

0

The world should do more to prepare for a possible coronavirus pandemic, the World Health Organization (WHO) has said.

However, the WHO said it was too early to call the outbreak a pandemic but countries should be “in a phase of preparedness”.

A pandemic is when an infectious disease spreads easily from person to person in many parts of the world.

More cases of respiratory disease Covid-19 continue to emerge with outbreaks in South Korea, Italy and Iran causing concern.

However, most infections are in China, the original source of the virus, where 77,000 people have the disease and nearly 2,600 have died. The number of new cases there is now falling.

More than 1,200 cases have been confirmed in about 30 other countries and there have been more than 20 deaths. Italy reported four more deaths on February 24, raising the total there to seven.

Coronavirus: Diamond Princess Passengers Leave Cruise Ship

Coronavirus: China Releases Largest Study on Covid-19 Since Outbreak

China Coronavirus: Signs, Symptoms and Treatment

Covid-19: First Coronavirus Death in Europe

Worldwide stock markets saw sharp falls because of concerns about the economic impact of the virus.

China said it would postpone the annual meeting of the National People’s Congress in March, to “continue the efforts” against the coronavirus.

The meeting, which approves decisions made by the Communist Party, has taken place every year since 1978.

The proportion of infected people who die from Covid-19 appears to be between 1% and 2%, although the WHO cautions that the mortality rate is not known yet.

On February 24, Iraq, Afghanistan, Kuwait, Oman and Bahrain reported their first cases, all involving people who had come from Iran. Officials in Bahrain said the patient infected there was a school bus driver, and several schools had been closed as a result.

Tedros Adhanom Ghebreyesus, chief of the WHO, told reporters on February 24 that the number of new cases in recent days in Iran, Italy and South Korea was “deeply concerning”.

However he added: “For the moment we are not witnessing the uncontained global spread of this virus and we are not witnessing large scale severe disease or deaths.

“Does this virus have pandemic potential? Absolutely, it has. Are we there yet? From our assessment, not yet.”

“The key message that should give all countries hope, courage and confidence is that this virus can be contained, indeed there are many countries that have done exactly that,” he added.

“Using the word ‘pandemic’ now does not fit the facts but may certainly cause fear.”

However, Mike Ryan, head of WHO’s health emergencies program, said now was the time to make “do everything you would do to prepare for a pandemic”.