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Coronavirus pandemic highlighting ‘the push and pull of health versus economy’

Sky News Contributor Michael Ware says the coronavirus pandemic has highlighted the operation of the “many Americas” in the United States where the states operate according to their own agenda. State governors have begun considering lifting restrictions as protests are taking place across the country, urging leaders to reopen the economy and allow workers to return to their jobs. Mr Ware told Sky News “we are seeing the coronavirus reaction both politically and in terms of public health versus economy being reflected differently in red Republican states and blue Democratic states”. “What we’re seeing in the south and the Midwest, people want to get back to work, people want to get back to business”. He said Georgia’s governor announced he would reopen a number of businesses over the weekend – including tattoo, massage and beauty parlours and restaurants – despite recording 19,000 virus cases and 775 fatalities across the state. The struggle between maintaining lockdown and allowing peo...
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Vic house prices to plunge as economy loses billions

House prices in Victoria will plunge, and the state economy will lose a billion dollars a week as a result of the COVID-19 pandemic, according to new modelling by the department of treasury. House prices are expected to tumble as much as nine per cent in six months, knocking $80,000 off the value of the median Melbourne house valued at $860,000. Treasury is also forecasting another 270,000 Victorians will lose their jobs and the state unemployment rate will climb to 11 per cent. To mitigate this, the Victorian Government is seeking to establish a $24.5 billion emergency fund. A bill for the multi-billion emergency fund is expected to be introduced tomorrow. from National | Daily Telegraph https://ift.tt/2XX6dSW
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Petrol prices could drop to 30 year low

Economists say petrol could fall to its lowest price in 30 years. The price drops can be seen throughout major cities around Australia, while prices in regional towns have so far been largely unaffected. A significant decrease in the level of road travel has also lead to an oversupply of oil, causing companies to reach out to buyers as they struggle to store the excess loads. from National | Daily Telegraph https://ift.tt/2wXBUk5
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Extreme Weather Outlook

WATCH: Sunny and mild weather continues throughout much of the country. Alison Osborne has the details about the next cold front to sweep the south and the cold outbreak looming next week. from National | Daily Telegraph https://ift.tt/3asV2nu
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