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The WHO finally admitted what any person with common sense knew long ago: Coronavirus is Pandemic.

Key Points

  1. “The bottom line: It is going to get worse,” Dr. Anthony S. Fauci, the director of the National Institute of Allergy and Infectious Diseases, told the House Oversight Committee. “We would recommend that there not be large crowds,” he added. “If that means not having any people in the audience as the N.B.A. plays, so be it.”
  2. “Given a virus for which there is no immunity and no immunization, we have to understand that many people will be infected. The consensus among experts is that 60 to 70 percent of the population will be infected,” said German Chancellor Angel Merkel. Major events, including all large cultural performances in Berlin, Munich and elsewhere, such as many soccer games, have either been canceled or will take place without spectators. “How we respond matters,” Ms. Merkel said. “We are playing for time.”
  3. President Trump has signaled that he will consider ways to stimulate the economy. Options include cutting payroll taxes and extending the American tax filing deadline past April 15. But so far, the White House has yet to announce any specific measures, and most experts say a payroll tax cut is not an effective way to combat the problems facing the economy.

Trump Responds With Blackout

The White House has ordered federal health officials to treat top-level coronavirus meetings as classified, an unusual step that has restricted information and hampered the U.S. government’s response to the contagion, according to four Trump administration officials.

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“We had some very critical people who did not have security clearances who could not go,” one official said. “These should not be classified meetings. It was unnecessary.”

A spokeswoman for the HHS, Katherine McKeogh, issued a statement that did not address questions about classified meetings.

Mish Translation

Trump is frightened and clueless given his earlier comments downplaying the virus.

Meanwhile 75% of Companies Suffer From Coronavirus Supply Chain Disruptions.

Mike "Mish" Shedlock