Far worse to come…

Another sudden and unexpected factor will transform this year’s elections. Many states, cities and counties are about to, suddenly, run out of money. Wages won’t be paid. Services won’t be delivered. Institutions will shut down abruptly. Many state colleges may fold. And yet most state and local political and administrative leaders just sit and watch. Voters will not be pleased.

Millions of American workers filed for unemployment insurance during the past two weeks. That is a record and represents a collapse of our local economies. Across the country, in every state, county and city, businesses have been shut down, and many will not return after the coronavirus crisis is over. Tens of millions have lost jobs, homes, savings and retirement incomes that will never return. Owners of rental property will go under when their loan payments come due and renters can’t pay. Across the country, state and local economies are being badly damaged — many of them permanently.

The result is that state and local tax revenues will plummet. States and localities will burn through any reserves they’ve maintained like wildfire. Since most of our politicians and government managers have been raised during a decade of expanding economies, their first instinct will be to wait and then panic and then raise taxes to cover shortfalls — perhaps a special “coronavirus surtax.” Taxpayers across the country have tolerated various forms of high state and local taxes; the politicians would naturally ask, “Why should now be any different?”

thehill.com/opinion/finance/491503-far-worse-to-come-covid-19-collapse-of-state-and-local-governments

111 Cases of Coronavirus REINFECTION in South Korea

“South Korea has confirmed 111 cases of coronavirus reinfection (as of Sunday noon) with most cases reported in Daegu and North Gyeongsang Province, two epicenters of the domestic outbreak.

Jung Eun-kyeong, director of Korea Centers for Disease Control and Prevention (KCDC), said on Sunday the organization was exploring possible causes of reinfection.

“For now it is uncertain what led to reinfection ― revived virus that survived treatment or fresh exposure to the virus after recovery,” Jung said.

The director said an extensive research was under way and the KCDC would share the result with WHO and other nations battling coronavirus.

Earlier health authorities here have said the virus was highly likely to have been reactivated, instead of the people being reinfected, as they tested positive again in a relatively short time after being released from quarantine.

They also said the COVID-19 virus may remain latent in certain cells in the body and attack the respiratory organs again once reactivated.

A COVID-19 patient is deemed fully recovered after showing negative results for two tests in a row within a 24-hour interval. The country’s COVID-19 infections reported 32 additional virus cases, bringing total infections to 10,512.”

www.koreatimes.co.kr/www/nation/2020/04/119_287752.html

China Reports 108 New Coronavirus Cases

A total of 108 new coronavirus cases were reported on Sunday, up from 99 a day earlier and marking the highest number of cases since 143 cases were reported in March 5.

www.news.com.au/lifestyle/health/health-problems/coronavirus-world-live-updates/live-coverage/c55b44322eebb48403a33468ab30d5d5