Mlmm Obama Takes His State of the Union Message on the Road and Online
FRANKFURT, Germany AP 鈥?The European Central Bank has handed out 1.31 trillion euros $1.46 trillion in long-term, ultra-cheap credit to hundreds of banks as part of its emergency support aimed at cushi
stanley cup oning the impact of the coronavirus pandemic on businesses and workers.The three-year loans are aimed at making sure banks can keep lending to companies so they don ;t run out of money and go out of business during
stanley cup the crisis. That would cause a cascading loss of jobs and income and hurt the long-term recovery from the severe interruptions to business due to the measures aimed at limiting the spread of the virus.The ECB said Thursday that 742 banks
stanley cup across the 19 countries that use the euro currency took up the credit offer, which can carry a negative interest rate of as low as minus 1.0% so long as banks keep up their lending to businesses. That means banks are getting paid by the ECB to borrow the money, an offer that many found hard to refuse. The ECB cut the rate on the offer from minus 0.5% at its April 30 meeting as the virus lockdowns slammed the European economy.READ MORE: Europe reopens many borders but not to Americans, AsiansThe credit offer takes its place alongside the bank pandemic bond purchase program, which is pumping 1.35 trillion euros in newly created money into the economy. Similar measures to loosen credit have been deployed by the U.S. Federal Reserve and other central banks around the globe. The Bank of England on Thursday boosted its bond Ybfj U.S. imposes sanctions on Sudanese paramilitary leader for human rights abuses in monthslong conflict
House Minority Leader Kevin McCarthy said June 11 that he supports a national ban on police chokeholds.Watch McCarthy remarks in the video player above.The Republican congressman said that putting someone in a chokehold while handcuffed 8220 hould have severe consequences.A bill recently proposed by congressional Democrats would ban federal police from choking measures like the one used on George Floyd, who died last month after a Minneapolis police officer pinned down Floyd with a knee on his neck for 8 minutes and 46 seconds.
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