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News & Articles By Franz Walker
07/15/2020
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By Franz Walker
Banks could get up to $24 billion in “free money” from the CARES Act
The CARES Act, the economic stimulus act designed to help businesses weather the Wuhan coronavirus pandemic, is set to make banks up to $24 billion just from fees for processing small business Paycheck Protection Program (PPP) loans. According to Edwin Hu of the New York University School of Law’s Institute for Corporate Governance and Finance, more than 4,000 banks and […]
07/13/2020
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By Franz Walker
OECD urges governments to scale back coronavirus-related wage subsidies
The Organization for Economic Cooperation and Development (OECD) is now asking governments to stop wage subsidies meant to keep workers employed to encourage these workers to move out of shrinking sectors. This is despite the organization still encouraging governments to continue paying unemployment benefits. Founded in 1961, the 37-member OECD’s job is to stimulate economic progress and world […]
07/12/2020
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By Franz Walker
As coronavirus surges in Hong Kong, mysterious pneumonia hits Kazakhstan – is this a new pandemic?
Even as one of Asia’s major financial hubs braces for a resurgence of Wuhan coronavirus (COVID-19) cases, a potential new threat looms as a deadly new pneumonia has broken out in the center of the continent. In Hong Kong, authorities have closed schools and tightened social distancing requirements after a new surge of coronavirus cases […]
07/10/2020
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By Franz Walker
Rapid mutations cause doubts about long-term coronavirus immunity
A joint study by two top epidemic research institutes in China warns that the Wuhan coronavirus (COVID-19) has gone through rapid mutations since January, and these genetic changes may allow it to spread for much longer than expected. In a paper posted in the pre-print server bioRxiv, researchers at Guangzhou Medical University and Fudan University stated that the coronavirus has acquired six major […]
07/09/2020
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By Franz Walker
Scientists: Face masks reduce risk of coronavirus infections by 65 percent
There has been some debate regarding how much face masks help prevent infection with the Wuhan coronavirus (COVID-19). Now, new studies show just how effective face masks really are at keeping wearers safe from the disease. According to experts at the UC Davis Children’s Hospital, recent findings show that covering the nose and mouth decreases the risk of COVID-19 infections by […]
07/08/2020
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By Franz Walker
After mis-blaming Norwegian salmon, China admits it doesn’t know where Beijing’s new coronavirus outbreak came from
After initially blaming the capital’s resurgent Wuhan coronavirus (COVID-19) outbreak on contaminated Norweigian salmon, Beijing health authorities have now backtracked, admitting that they don’t know where the new outbreak came from. Wu Zunyou, chief epidemic specialist at the Chinese Center for Disease Control and Prevention (China CDC), told the state-run Beijing News on July 6 that the virus likely […]
07/08/2020
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By Franz Walker
Florida company accused of making contaminated coronavirus test kits closes
A company that was awarded a federal contract to produce Wuhan coronavirus (COVID-19) test kits has closed amid a flurry of complaints about contamination in those kits. Founded in Florida on May 1 of this year, Fillakit was awarded a contract to produce liquid-filled plastic vials for COVID-19 test kits by the Federal Emergency Management Agency (FEMA) a week […]
07/07/2020
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By Franz Walker
Pizza Hut’s largest American franchisee files for bankruptcy due to coronavirus
NPC International Inc., the largest franchisee of Pizza Hut stores in the U.S., has filed for bankruptcy in the aftermath of shutdowns due to the Wuhan coronavirus. According to court papers, the company, which operates 1,227 Pizza Hut and 393 Wendy’s stores across the U.S., sought Chapter 11 protection in the Southern District of Texas court on […]
07/06/2020
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By Franz Walker
Concerns raised over China’s plan to make coronavirus health tracking on smartphones permanent
In response to the Wuhan coronavirus (COVID-19) pandemic, China created a smartphone tool to trace and track the movement of potential coronavirus patients. Now, authorities are planning to make this tracking permanent, raising concerns in a country where personal privacy was once said to be an afterthought. Over the weekend, anger spread across Chinese social media sites […]
07/04/2020
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By Franz Walker
Texas Gov. Greg Abbott issues order requiring face masks to fight the coronavirus
Texas Gov. Greg Abbot issued a statewide order mandating the use of masks on July 2 as the state scrambles to get its Wuhan coronavirus (COVID-19) surge under control. The order, which takes effect at 12:01 p.m. Friday, immediately applies to all Texas counties, though counties with 20 or fever active cases can be exempted if […]
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