March 23, 2020
Happy Monday!
All of us at the Margazine hope that everyone is doing well and staying healthy. Starting this week, we’ll provide beginning-of-the-week updates about current events to keep our community educated. This week, we’re focusing on the concerns surrounding coronavirus, the recent developments in the 2020 Democratic Presidential Primary, and the fluctuating stock market.
Growing Concerns about the Coronavirus Pandemic
The US is preparing for the pandemic to last up to 18 months or longer.
Orange County has officially banned gatherings of any number, excluding home gatherings of those living together.
Governor Newsom orders all 40 million California residents to stay home as much as possible.
Governor Newsom says it is “unlikely” that public schools will resume in-person before summer.
However, quarantine resulting from the coronavirus has had unexpected positive impacts on the environment:
The water running through the streets of Venice is clear for the first time in 60 years.
Fish has returned to Venice canals and lagoons for the first time in decades.
Decreased air pollution in China has already saved the lives of 4,000 kids under five and 73,000 adults over the age of 70.
Look to The Coronavirus: Fact vs. Fiction by Justina Brandt for a more in-depth description of the issue.
The 2020 Democratic Presidential Primary Continues
Tulsi Gabbard drops out of the Democratic Primary with her endorsement going to Joe Biden.
Joe Biden pulls ahead in polls with a delegate count of 1,186, winning three states (including Florida) on Tuesday. Sanders is currently in second with 885 delegates. To win the nomination, a candidate must win at least 1,991 delegates.
Leaders in Ohio called off the primary voting on Tuesday in light of the coronavirus pandemic. The vote will be postponed to a later date.
The next primary voting is on April 4th, 2020, assuming no voting is postponed.
The Stock Market has reportedly had “the single worst week on Wall Street since the [last] financial crisis.”
Just this week, all stock market gains since 2016 election day have been lost. This equates to losses of more than $11 trillion in value.
All of the capital gains made under the Trump administration have thus been wiped out.
The Labor Department: 30% increase in unemployment claims last week.
Senate Republicans are pushing to pass a bill that would provide billion-dollar business loans, large corporate tax cuts, and checks of $1,200 max for taxpayers.
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