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Swiss Report First Coronavirus Death

Mnuchin Says Coronavirus Will Have Only a Short-Term Impact on US Economy

Treasury Secretary Steven Mnuchin told lawmakers Wednesday that he believed the novel coronavirus would have a limited impact on the economy and praised the Federal Reserve’s emergency interest rate cut. “This is an issue that’s going to affect the next year,” he told the House Appropriations Subcommittee on Financial Services and General Government on March 4, reported The Wall Street Journal. “It’s not a longer-term impact.” Mnuchin also hailed the Fed’s surprise move to slash rates by 50 basis points Tuesday in response to what Fed Chairman Jerome Powell said was a “material change” in the economic outlook caused by the coronavirus fallout. Powell said at a press conference Tuesday that “the spread of the coronavirus has brought new challenges and risks,” adding that “the outbreak has also disrupted economic activity…

Swiss Report First Coronavirus Death

A 74-year-old woman in western Switzerland has died after contracting the new coronavirus, the country’s first death from the rapidly spreading disease outbreak, regional police said on March 5.

The woman had been hospitalized at Lausanne’s University Hospital in the canton of Vaud since Tuesday, police said. She was a high-risk patient suffering from chronic disease, authorities added.

In Switzerland, 58 infections have been confirmed so far. The country has frequent exchanges with neighbor Italy, where around 3,100 people have been diagnosed with the disease and 107 died, as well as France and Germany, where coronavirus cases have also been reported.

Swiss Report First Coronavirus Death A man wearing a protective mask walks past the Ponte di Rialto (Rialto Bridge) in Venice, Italy, on Feb. 28, 2020. (Claudio Furlan/Lapresse via AP)

Swiss health authorities said on Wednesday that so far mostly young people had contracted the disease in Switzerland, but were likely to pass it on to older people who are more at risk.

The Swiss government has banned events and gatherings of more than 1,000 people and advised people to keep their distance, avoid shaking hands, and refrain from the traditional Swiss triple-kiss greeting.

Companies like UBS and Nestle have imposed travel bans, while fragrance maker Givaudan on Wednesday opted to shutter a site near Zurich because an employee contracted the disease.

By John Miller and Silke Koltrowitz

 

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Trump Won’t Extend FISA Spy Powers Without Reforms, Sen. Paul Says

President Donald Trump wants to see reforms to the Foreign Intelligence Surveillance Act (FISA) surveillance process before he endorses extending spying powers that are slated to expire in less than two weeks, according to one of the senators who met with Trump on the topic. Trump “made it exceedingly clear” that he won’t accept a straight reauthorization, said Sen. Rand Paul, (R-Ky.), who has led efforts to curtail the federal government’s ability to spy on Americans. “The president said he’s not signing without something happening,” Paul told reporters after the nearly 90-minute meeting with top lawmakers. “He pushed back very vigorously and said, ‘We’re not doing this.’” Another person familiar with the meeting confirmed the account; the person was unauthorized to discuss the meeting and requested anonymity. Concerns over FISA have…