web
analytics
Quick Search Tags
Smith's Research & Gradings
Volume: 
XXIX
Issue: 
4
Author: 
March 1, 2021

Smith's Research & Gradings

Pandemic Event Risk: National Emergency Extended

Pandemic Event Risk: National Emergency Extended

The National Emergency has been extended according to a letter from President Joe Biden to The Congress of the United States. On Feb. 24, President Biden wrote:

Section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)) provides for the automatic termination of a national emergency unless, within 90 days prior to the anniversary date of its declaration, the President publishes in the Federal Register and transmits to the Congress a notice stating that the emergency is to continue in effect beyond the anniversary date.  In accordance with this provision, I have sent to the Federal Register for publication the enclosed notice stating that the national emergency declared in Proclamation 9994 of March 13, 2020, beginning March 1, 2020, concerning the coronavirus disease 2019 (COVID-19) pandemic, is to continue in effect beyond March 1, 2021.

There remains a need to continue this national emergency.  The COVID-19 pandemic continues to cause significant risk to the public health and safety of the Nation.  More than 500,000 people in this Nation have perished from the disease, and it is essential to continue to combat and respond to COVID-19 with the full capacity and capability of the Federal Government.

Therefore, I have determined that it is necessary to continue the national emergency declared in Proclamation 9994 concerning the COVID-19 pandemic.

                            JOSEPH R. BIDEN JR.

THE WHITE HOUSE,
February 24, 2021.

At least 3,210 new coronavirus deaths and 70,768 new cases were reported in the United States on Feb. 24. Over the past week, there has been an average of 68,123 cases per day, a decrease of 35 percent from the average two weeks earlier. As of Feb. 25, more than 28,353,200 people in the United States have been infected with the coronavirus according to a New York Times database.

New York Gov. Andrew Cuomo's controversial March 25 order that required nursing homes to admit COVID-19 patients was deleted from the state of New York's website, according to MS News.

On May 10, Gov. Cuomo released new guidance that prohibited hospitals from sending people who tested positive for COVID-19 back to nursing homes, though his administration said the new guidance added to — but did not replace — the original order.

At least 5,800 people have died in New York nursing homes and adult care facilities.

On Wednesday, the state of New York's website displayed an error message, stating the "page that you are looking for is not found," in place of a link to the original document. The March 25 order is only accessible through an archived version of the webpage, posted by the Internet Archive's Wayback Machin

Take notice

Stay on top of the latest global news that can impact your investment strategy.

Outlook Negative

California High Speed Train May Jump the Tracks

Oracle co-founder Larry Ellison and Tesla founder Elon Musk both agree when it comes to California's $77 billion high-speed rail project—the project is going to jump the tracks.

US Economy – Growth on Track for Now…

The International Monetary Fund (IMF) has just released its April 2024 Economic Outlook. According to the Washington-based multilateral agency, the U.S. is on track for 2.7% real GDP growth rate in 2024, driven by strong household spending and investment (with a fair amount coming from the federal government).

Biden Infrastructure Plan Approved

While we were sleeping late Thursday night, the U.S. House of Representatives passed the Infrastructure Investment & Jobs Act (IIJA) exactly as the U.S. Senate did in August. Now, it is going to the President for signature.

Subscribe Today to unlock insights that could impact you tomorrow!

With your monthly or yearly Subscription you will unlock online articles and have the ability to download the full PDF files for the publication.
SMITH'S RESEARCH & GRADINGS
$79.95 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Smith's Research & Gradings focuses on the people, sectors and news that matter the most to you. Smith's analysis is an indispensable part of Wall Street and the world's capital markets. Our approach was inspired by the need for a consistent analytical approach across all asset classes.

THE GLOBAL ECONOMIC DOCTOR
$79.50 / Per Month
$850 / Year (Save 30%)
* Discounted Rates for Issuers and Governmental Entities

Let a subscription to The Global Economic Doctor provide you with access to sovereign news, analysis and insights. Concise and powerful, the Global Economic Doctor spans the globe, giving you a read on how today’s market developments and key players are impacting your business around the planet.