First hit, first opened? Seattle eyes reopening economy

Seattle was the country’s first coronavirus hot spot, and soon it could be one of the first big cities to reopen its economy. When and how that happens will depend largely on the region’s ability to get adequate testing and protect its front-line health care workers, Mayor Jenny Durkan said.

“It’s a marathon, not a sprint,” she said. “We’re not even really halfway through, even though we’ve hit the peak.”

Just five weeks ago, COVID-19, the disease associated with the coronavirus, devastated a nursing home in an idyllic suburb east of Seattle. At least 37 people connected to Life Care Center of Kirkland died from coronavirus-related illness, according to King County public health officials.

It signaled the beginning of a national crisis that has infected more than 600,000 people and claimed over 32,000 lives, according to NBC News counts.

Washington has recorded just a small fraction of those numbers

Read More

Californians backed a gas tax to fix roads. What will coronavirus mean for highway projects?

California voters two years ago emphatically endorsed a plan to speed highway and transportation projects when they supported at the ballot box a package of gas taxes and vehicles fees.

But the cororonavirus outbreak looks likely to jeopardize those plans.

Traffic volume on state highways has plunged dramatically in California since Gov. Gavin Newsom issued a stay-at-home order last month. As a result, Californians are buying much less gas and paying less tax. Suddenly the state’s ambitious program to improve those roads faces an uncertain future.

The anticipated plunge in tax revenue is roiling transportation projects around the country. Congress and the White House are being pushed hard by the state transportation officials’ Washington-based group to provide states with $49.95 billion in federal aid.

Lawmakers are starting to discuss a new economic aid package — a goal with an endgame still weeks away — but transportation officials are hoping

Read More

Nail and hair salons, drive-in movies among closures

On the first day of Los Angeles County's "Safer at Home" order, traffic is light on Interstate 10. <span class="copyright">(Irfan Khan / Los Angeles Times)</span>
On the first day of Los Angeles County’s “Safer at Home” order, traffic is light on Interstate 10. (Irfan Khan / Los Angeles Times)

The Los Angeles County health officer has issued a stronger “Safer at Home” order following Gov. Gavin Newsom’s unprecedented statewide order instructing 40 million Californians to stay at home as much as possible, with certain exceptions, to slow the spread of the coronavirus.

The new county order largely matches the stronger stay-at-home order issued for the city of Los Angeles by Mayor Eric Garcetti on Thursday night, just moments before the statewide order was announced.

Here’s what the new Los Angeles County order, issued Saturday, does:

All businesses ordered shut, with exceptions

All businesses were ordered to cease in-person operations and close to the public. There are exceptions for essential businesses, which are detailed below.

This new order is much stronger than the one issued just

Read More

Edited Transcript of VALE5.SA earnings conference call or presentation 29-Apr-20 3:00pm GMT

Rio de Janeiro May 18, 2020 (Thomson StreetEvents) — Edited Transcript of Vale SA earnings conference call or presentation Wednesday, April 29, 2020 at 3:00:00pm GMT

Vale S.A. – CEO

Vale S.A. – CFO and Executive Director of Finance & IR

Vale S.A. – Executive Director of Ferrous Minerals

Vale S.A. – Interim CEO of Base Metals

Citigroup Inc, Research Division – Director & Head of Americas Metals and Mining Sector

Scotiabank Global Banking and Markets, Research Division – Director of Metals and Mining

UBS Investment Bank, Research Division – Executive Director, Head of LatAm Mining & Basic Materials and Research Analyst

* Jonathan L. Brandt

HSBC, Research Division – Head of LatAm Cement, Construction & Real Estate Equity Research Team

Good morning, ladies and gentlemen. Welcome to Vale’s conference call to discuss first quarter 2020 results. (Operator Instructions) As a reminder, this conference is being recorded, and the recording … Read More