first-res NSW economy crisis

Coronavirus Impact: Premier Warns Says NSW Economy Suffers Biggest Fall in 20 Years

Premier Warns warned that NSW is yet to feel the “severe” economic consequences of COVID-19, despite the biggest contraction in its economy in 20 years.

This week the State Government dumped its plan to renovate Sydney Olympic Stadium, so the $810 million earmarked for that project could be directed into a $3 billion infrastructure fund, which aims to generate 20,000 jobs.

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Federal Government Boosts The Race Of Coronavirus Vaccine Mission With $66 Million Injection

The Federal Government will invest $66 million for research into a coronavirus vaccine and antiviral medications.

Health Minister Greg Hunt said, for the nation’s containment strategy and flattening of the curve.

Australia had been lauded for being one of the most reliable testing methods in the world, Mr. Hunt said.

By midnight, Australia is set to surpass 1.5 million coronavirus tests.

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SA Health Chief Apologises To Victoria After Blunder Over Coronavirus Case

South Australia’s public health chief has apologized for mistakenly claiming Victorian health counterparts left SA Health in the dark about the state’s latest coronavirus case.

The UK resident had recently traveled to Melbourne, before flying to South Australia where she was tested and returned a positive result.

An email was sent, and South Australian authorities were alerted about the time and the flight details.”

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Oil, Gasoline Price And Demand Rise As Countries Ease Coronavirus Barriers

Oil prices were on the rise on Friday, heading for a fourth straight week of gains. Also, fuel demand is growing as countries ease business and limitations that were imposed to stop the coronavirus pandemic.

West Texas Intermediate crude was up 5 cents, or 0.2%, at $33.97 a barrel, gained more than 1% in the last session. The US benchmark is on track for a weekly jump of around 15%.

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Brooklyn School Outraged By Coronavirus Is Now Fighting For Survival.

Gardening is said to be a teacher of patience. Flowers always take time to push their way up through soil that is not still conducive to growth. For one 14-year-old in Brooklyn’s Bedford-Stuyvesant neighborhood, it is an exercise in idealism, an attempt to distract.

Ember Charter’s website says its mission is to ignite, empower and transform people traditionally labeled “at-risk.”

Officials say the school itself could be at risk.
“The COVID-19 crisis has laid on top of it just the gargantuan amount of trauma for our students,” Kalam Id-Din said.

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NZ Company Says Four-day Work Week Is A Success – Caused By COVID-19

A New Zealand-based company that trialed for a four-day workweek announced that the experiment was a success and all the staff recording a significant impact on work-life balance while productivity is stable.
They are now making a plan to make the experiment permanent.

Similar experiments have been carried out in Sweden, although most centered around a six-hour workday.

But it is hard to use this rule in some areas like healthcare, regulatory departments, etc.

However, the four-day workweek could still be rolled out to a wide range of industries.

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