Boston Feds' Rosengren: 'Main Street' loans to open beginning this week: CBS
WASHINGTON (Reuters) – The Federal Reserve’s “Main Street” program of loans for small and medium sized businesses should start taking applications this week and begin disbursing funds the first week after that, Boston Federal Reserve President Eric Rosengen said Sunday on CBS’s “Face the Nation.”
“I think money will go out over the next two weeks,” said Rosengren, whose bank is overseeing the program, among several the Fed has started to offset the economic impact of the coronavirus pandemic.
Richard Branson’s Virgin Orbit postpones first space launch
Richard Branson’s Virgin Orbit postponed its first space launch on Sunday, due to a technical problem.
Richard Branson to sell $500m worth of Virgin Galactic shares
The company said one sensor was “acting up” and fuel was being offloaded from the rocket in Mojave, California, to address what it termed a minor issue.
“This means we are scrubbed for today,“ it said in its social media post.
A backup launch window was available on Monday morning but the company did not immediately announce its revised plan for the inaugural use of its air launch system.
Virgin Orbit, based in Long Beach, California, is a sister company to Virgin Galactic, Branson’s space tourism company which is preparing to carry passengers on suborbital flights over New Mexico.
Virgin Orbit’s rocket will be carried beneath the wing of a Boeing 747 that will take off from Mojave Air and Space Port in the desert north of Los Angeles and fly out over the Pacific ocean.
The rocket will be released and its motor will ignite a few seconds later, propelling a dummy satellite into low Earth orbit.
UK death toll from confirmed coronavirus cases rises by 118
LONDON (Reuters) – The United Kingdom’s death toll from confirmed cases of COVID-19 rose by 118 to 36,793, Prime Minister Boris Johnson said on Sunday.
One dead, one critically injured in Niagara Falls ATV incident
Niagara Regional Police are investigating a tragic all-terrain vehicle (ATV) incident near Niagara Falls.
Shortly after 5 p.m. Saturday, police say emergency personal were called to the area of Crowland Avenue and Ridge Road for a report of an ATV accident.
Officers arrived to find two women, one 18 years old, the other 17, both from Niagara Falls, had been thrown from the vehicle.
UK PM Johnson says adviser's lockdown drive was understandable
LONDON, May 24 (Reuters) – Prime Minister Boris Johnson said the actions of his senior adviser Dominic Cummings, who is under pressure over a journey made during lockdown, were understandable.
Johnson’s office has said Cummings made a 400-km (250 mile) journey to ensure his 4-year-old son could be properly cared for as his wife was ill with COVID-19.
“I think that what they did was totally understandable,” Johnson said at a news conference on Sunday.
“I think any father, any parent would frankly understand what he did and I certainly do.”
Memorial Day Partygoers Shun Social Distancing in the Ozarks
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“Ozarks” trended on social media Sunday as several videos of crowded Memorial Day celebrations surfaced and critics chimed in. “Pass the corona,” TMZdeclared.
Missouri Governor Mike Parson lifted the state’s stay-at-home order on earlier this month. The state nowsays people should stay six feet apart until at least May 31.
Actress Patricia Arquette responded to one crowded Ozarks video,tweeting, “This ‘fake news’ stupidity is going to kill hundreds of thousands of people.”
Most states are relaxing restrictions that were put in place amid the coronavirus outbreak. Several mostly Republican-run states across the South and Midwest — including Texas, Georgia, South Carolina, Florida, Ohio and Missouri — have been more aggressive in getting back to business. However, most have insisted on encouraging social distancing rules.
Confusion over beach openings for US Memorial Day weekend
Some beaches in the US are opening for the first time but with pandemic warnings in mind.
It is a holiday weekend in the United States and many beaches in the northeast are open for the first time since the coronavirus hit.
But not all of them and, as Al Jazeera’s Kristen Saloomey reports, that has caused both confusion and concern.
UK government "bleeding credibility" over PM's aide, says cabinet member-ITV
LONDON, May 24 (Reuters) – British Prime Minister Boris Johnson’s government is bleeding credibility over senior aide Dominic Cummings, who is facing calls to resign for a journey during the coronavirus lockdown, an unnamed cabinet member told ITV on Sunday.
“One cabinet member says they were “stunned” by the PM’s statement, with government “bleeding credibility” to keep Cummings in a job,” ITV Political Correspondent Paul Brand tweeted. (Reporting by Costas Pitas)