Cuomo Says Higher U.S. Death Projections Due to Reopening Push
(Bloomberg) --
The number of expected deaths in the U.S. from the novel coronavirus has doubled because of governors' push to reopen, New York Governor Andrew Cuomo said as he warned against prematurely ending lockdowns.
“There's a cost of reopening quickly,” Cuomo said Tuesday at a press briefing. “The faster we reopen, the lower the economic cost, but the more lives lost.”
The governor cited data from the University of Washington's Institute for Health Metrics and Evaluation, which has increased its first-wave death projection to more than 130,000 from earlier estimates of about 60,000.
“How much is a human life worth? That's the real discussion that no one is admitting openly or freely, but we should,” Cuomo said. “I say the cost of a human life is priceless, period.”
President Donald Trump has made clear his belief that states should move toward resuming commerce, and governors have responded to the complaint of business people and citizens weary of lockdowns without an end game. Today, Trump said Americans should be “warriors” in the face of danger from the disease.
Read more: America Tiptoes Toward Reopening, Weighing Money Against Health
New York, the epicenter of the U.S. pandemic, has lost 19,645 lives due to Covid-19. The state is seeing a continued decline in hospitalizations and is making plans for some regions to begin reopening May 15. Florida, Georgia and Texas have taken more aggressive steps to reopen, while Cuomo and Phil Murphy, governor of hard-hit New Jersey, are among those who have presented more cautious plans.
Cuomo again pushed for the federal government to provide funding to help states weather the economic storm brought by the virus.
“The federal government has passed legislation in the past that helped airlines, helped small businesses, helped hotels. Great. Great. They haven't provided any aid to state and local governments,” Cuomo said. “It's the state and local governments that fund police, fire, education, teachers, health-care workers. If you starve the states, how do you expect the states to be able to fund this entire reopening plan?”
“Every state has coronavirus cases, and it's not just Democratic states that have an economic shortfall,” he said.
©2020 Bloomberg L.P.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.