Business mogul Kevin O’Leary wants to invest in a US refinery, says fossil fuels will stick around
April 13, 2023
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According to the World Health Organization (WHO), COVID-19 has now infected 211 countries and territories around the world, with 1,407,123 total reported cases and 78,269 total reported deaths as of Tuesday afternoon. The US now has more than 2.5 times more positive cases than any other country in the world with 385,449, but still falls behind Spain (13,897 deaths, 140,511 cases) and Italy (17,127 deaths,135,586 cases) in deaths due to COVID-19 with 12,216. France became just the fourth country in the world Tuesday to record over 10,000 deaths while Germany likewise became the fourth country to record over 100,000 cases, according to John Hopkins University. ~
In the US, all 50 states and D.C. have been infected with the disease, yet New York state has seen 138,836 cases and 5,489 deaths alone. According to New York governor Andrew Cuomo, although the state had its largest one-day increase in deaths Monday, there is reason to believe “hospitalizations may be leveling off” and social distancing “is working.” The governor also said New York’s three-day average for COVID-19 hospitalizations and daily intensive-care admissions are down, and that Monday’s peak in deaths is a lagging indicator due to those who die being the ones who are hospitalized the longest. Among the other US states, New Jersey (41,090 cases) is the only other state to record over 1,000 deaths due to COVID-19, but Michigan, California, Louisiana, Pennseylvania, Florida, Massachusetts, and Illinois have all reported over 10,000 cases. ~
With 44 of the US’ 50 states on stay-at-home orders (CNN) and over ⅓ of the global population on lockdown due to COVID-19 (Business Insider), the global economy has taken a heavy hit. Stocks have collapsed about 35% since COVID-19 began to spread globally in February – the steepest pluge since at least 1928 – and over $8 trillion in shareholder value has been destroyed (New York Times). According to statistics from the Bureau of Labor, 701,000 jobs were cut in the month of March, the nation’s unemployment rate rose to 4.4 percent from 3.5 percent in February, and nearly 10 million Americans have filed for unemployment in the previous two weeks. ~