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TUESDAY - 3/24/20
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"And when the danger passed, and the people joined together again, they grieved their losses, and made new choices, and dreamed new images, and created new ways to live and heal the earth fully, as they had been healed."
-Kitty O'Mear

Welcome to Bullet Points by News Bling where we give you a well-rounded dose of bias-free news in the fewest words possible so you can start your day smart. Here's what's blinging today... 🧐
 

WORLD 🌎

Second successive daily drop in coronavirus deaths in Italy

  • On Monday, Italy reported a second successive drop in daily coronavirus related deaths and infections
  • Daily fatalities in Italy have dropped from 793 on Saturday to 651 on Sunday to 601 on Monday
  • The number of new infections also fell from 6557 on Saturday to 4789 on Monday
  • Italy’s death toll is now 6077, which is more than that of China and Spain combined

POLITICS 🏛️

Democrats propose forgiving $30,000 in student debt    

  • Reps. Ilhan Omar (D-MN) and Ayanna Pressley (D-MA) have introduced a bill that would suspend student loan payments and erase $30000 in debt amid the coronavirus crisis
  • The bill, called the Student Debt Relief Act, would ensure that the government does not seize wages and Social Security checks of defaulted borrowers
  • Last week, Sens. Chuck Schumer (D-NY) and Elizabeth Warren (D-MA) proposed that the federal government forgive $10000 of student debt for borrowers

BUSINESS 💰

Federal Reserve moves fail to prevent market slide

  • Wall Street saw the market slide continue on Monday despite unprecedented moves by the US Federal Reserve to shore up credit across the economy
  • Following recent interest rate cuts nearing zero, the Fed will now lend against student loans and credit loans in addition to backing the purchase of corporate bonds. The Fed will also make direct loans to companies
  • This announcement saw a brief surge in US stock index futures prior to the market opening on Monday, but the series of lockdown as a result of the rising death toll saw the main indexes slide back down

TECH 📱

Microsoft to prioritize cloud access for first responders and emergency services

  • Microsoft will prioritize access to its cloud-base services to first responders, emergency services, and critical infrastructure in the event of capacity constraints
  • The company saw some technical issues last week as a result of a 40 percent increase in Microsoft Teams usage as businesses moved to remote work
  • Microsoft is also working with governments to ensure data centers are staffed and equipped to support cloud based services

US 🦅

Comcast wins racial discrimination suit in Supreme Court

  • The Supreme Court ruled in favor of Comcast in a long running racial discrimination suit involving black media mogul Byron Allen
  • Allen claimed that the cable company discriminated against him when it refused to host channels run by his television network, Entertainment Studios
  • In a unanimous opinion written by Justice Neil Gorsuch, the court agreed with Comcast in maintaining a high bar for filing suits under the 1866 Civil Rights Act
  • The court sent the case back to the 9th US Circuit Court of Appeals, which provided the earlier ruling in favor of Comcast

ENVIRONMENT 🌲

House tries to curb airline pollution using stimulus package

  • The house stimulus package proposed by the Democrats includes provisions to fight pollution by the airline industry
  • The bill includes $50 billion in relief for the industry, but also requires the industry to go carbon neutral for domestic flights by 2025
  • The bill also advocates cleaner jet fuels and would allow the government to buy older, less efficient planes from airline companies

EXTRA BLING ✨



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