Lagging US, Europe speeds up help for virus-hit economy
The move is aimed at preventing a premature rise in borrowing costs while businesses are still struggling with coronavirus restrictions like curfews and shutdowns. But it is too early for the eurozone to withstand higher rates, usually associated with recovering growth and inflation. This is undesirable.”AdThe bond purchases have the effect of pushing down bond yields, which are used as benchmarks for borrowing across the region. The rise in longer-term borrowing rates is regarded as a spillover from the U.S., where the economic recovery is expected to be faster. By contrast, the eurozone economy is not expected to recover until mid-2022, held back by a slow vaccine rollout and lower levels of government relief spending compared with the U.S.
It’s OK to dream as the Euro snowfall forecast goes wild near the Florida-Georgia line
JACKSONVILLE, Fla. – About two or three times each winter, the global forecast models (Euro and GFS) fly off the rails. This year’s crazy story is coming from the Euro Global Forecast Model. AdThe result is to stream onshore moisture while there is just enough cold air to allow for snow in Southern Georgia. The 00z Wednesday Euro Snowfall Forecast rides off the rails over Southern Georgia. Just like the movie “Dumb and Dumber” when Jim Carey asked what were his chances of becoming Lauren Holly’s boyfriend?
The Latest: Ireland sets new virus restrictions for 6 weeks
(AP Photo/Anupam Nath)LONDON — Ireland’s government is putting the country at its highest level of coronavirus restrictions for six weeks in a bid to combat a rise in infections. The board members hail from top California top universities and medical providers, along with state and local public health officials. ___AUSTIN, Texas -- Health officials in Texas have reported 4,319 COVID-19 hospital patients, the most since Aug. 28. Khan’s remarks come amid a slight increase in COVID-19 cases and deaths in recent weeks. Pakistan also reported 440 new confirmed cases, raising its total cases to 323,452 since February when Pakistan reported its first case.