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NEWS - THURSDAY, MAY 28, 2020 - NEWS
At least 149 doctors, nurses and other health workers in Mexico have died of the coronavirus LA Times
VOA VIEW: Mexico must take the problem more serious.
The House of Representatives condemned China’s treatment of Muslim Uyghur minorities on Wednesday with dozens of lawmakers voting by proxy for the first time in history. Democrats authorized proxy voting this month due to the coronavirus pandemic, arguing it was a wise move to protect the health of members. Republicans oppose the reform and are... New York Post
VOA VIEW: The so-called proxy vote is not legal.
Education Secretary Betsy DeVos says she will force public school superintendents to share coronavirus rescue funds with private schools, some of which are facing ruin. New York Times
VOA VIEW: A good move.

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Wisconsin will send absentee ballot applications to more than 2.7 million registered voters, the state's election commission agreed on Wednesday, in a first step to address concerns about the effect of the coronavirus on in-person voting in November. Rueters
VOA VIEW: Madness.
The House is set to vote on the bill Wednesday in one of the first tests to the chamber's new and historic proxy voting system due to the coronavirus pandemic.        USA Today
VOA VIEW: As he should.
Temperature checks, face masks and social distancing requirements will all be part of the new theme-park experience.        USA Today
VOA VIEW: There is no way this will work.
A Minneapolis police officer videotaped on Monday holding a black man to the ground with his knee during an arrest has become the target of false claims on social media that attempt to tie him to political agendas and racist ideologies. Twitter and Facebook posts with hundreds of thousands of ... Washington Times
VOA VIEW: Time will tell.
Joseph R. Biden is hitching his political fortunes to Democratic governors from battleground states as he looks to resurrect the "blue wall" that served as the party's backbone for six presidential elections before President Trump demolished it in 2016. Mr. Biden is betting the lovefest with the governors on the ... Washington Times
VOA VIEW: Biden is down for the count, there is little help.
A Canadian judge has ruled that the U.S. extradition case against a senior Chinese Huawei executive can continue to the next stage ABC
VOA VIEW: Good!

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A protester who participated in hanging an effigy of Kentucky’s governor at an armed rally on the State Capitol grounds has been fired from his job ABC
VOA VIEW: A start.
The US has seen more deaths (currently 100,047) and infections (1.69 million) than any other country. BBC
VOA VIEW: Sad!
The US secretary of state says the territory no longer merits special treatment under US laws. BBC
VOA VIEW: China is hurting Hong Kong.
As the number of COVID-19 deaths reaches 100,000, President Trump continues to criticize people who wear face masks, calling it politically correct.  CBS
VOA VIEW: Biden looked foolish in his black mask on Monday.

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Four white officers involved in the death of George Floyd have been fired from the Minneapolis Police Department, but Mayor Jacob Frey is saying that one of the officers should be arrested for pressing his knee on Floyd's neck. CBS
VOA VIEW: Rioting is not right under any circumstances.
The next attempt to launch will be Saturday afternoon, after weather conditions forced a delay. CBS
VOA VIEW: Better be safe than sorry.
The House of Representatives on Wednesday passed legislation condemning China for the detention and torture of Uighur Muslims in the country's western region of Xinjiang as tensions between the U.S. and China continue to escalate. CNBC
VOA VIEW: As it should happen.

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A majority of millionaires surveyed by CNBC and Spectrem said the S&P 500 will end the year down, according to the survey, CNBC
Sen. Josh Hawley suggested that Twitter actions against Trump may jeopardize its status under the decades-old law protecting it from bearing responsibility for the content its users post. CNBC
VOA VIEW: It's time social media act responsibly.
Stocks rose for a second day on optimism about the reopening of the economy. However, a decline in tech shares kept the gains in check. CNBC
Dr. Anthony Fauci said Wednesday that data shows hydroxychloroquine is not an effective treatment for the coronavirus, disputing use of the drug to fight the deadly virus even as President Donald Trump touts it as a potential cure and says he has taken it himself. CNN
VOA VIEW: Time will tell.
President Donald Trump threatened to "regulate" or even "close" down social media platforms in a series of tweets over the last day after Twitter added a fact-check label to some of his posts. But Trump's options for cracking down on Twitter and other platforms over how they moderate their platforms are somewhat limited, legal experts say. CNN
VOA VIEW: It's about time.

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Chicago police Superintendent David Brown on Tuesday suggested that statewide stay-at-home orders were to blame for the city’s deadly Memorial Day weekend violence. FOX News
VOA VIEW: The truth hurts.
The Roman Catholic diocese of Saint Cloud in Minnesota announced in a statement Tuesday they will pay $22.5 million to 70 victims of clergy sexual assault and file for Chapter 11 bankruptcy. FOX News
VOA VIEW: Madness!
The Trump administration is crafting a range of options to punish China over its tightening grip on Hong Kong, including targeted sanctions, new tariffs and further restrictions on Chinese companies, according to U.S. officials and people familiar with the discussions. Reuters
VOA VIEW: Harsh and swift.

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U.S. President Donald Trump will sign an executive order on social media companies on Thursday, White House officials said after Trump threatened to shut down the platform he accused of stifling conservative voices. Reuters
VOA VIEW: Good!
A group of 23 U.S. states and the District of Columbia filed a lawsuit on Wednesday challenging a Trump administration decision to weaken Obama-era fuel efficiency standards. Reuters
VOA VIEW: Liberal stupidity.
The United States said on Wednesday it will terminate sanctions waivers that had allowed Russian, Chinese and European companies to carry out work originally designed to make it harder for Iranian nuclear sites to be used for weapons development. Reuters
VOA VIEW: Great!
New York Governor Andrew Cuomo said his meeting with U.S. President Donald Trump on Wednesday focused on how to "supercharge" the economy by investing in infrastructure, and he called on Republicans to approve federal funding to state and local governments crippled by the coronavirus pandemic. Reuters
VOA VIEW: Cuomo got nothing and will get nothing.
U.S. President Donald Trump's "maximum pressure" policy is giving Iran a choice between negotiating with the United States or managing the economic collapse caused by U.S. sanctions, U.S. Special Representative for Iran Brian Hook said on Wednesday. Reuters
VOA VIEW: Sounds like a simple choice for wise people.
The U.S. House of Representatives on Wednesday backed legislation calling on President Donald Trump's administration to impose sanctions on Chinese officials responsible for the oppression of the country's Uighur Muslim minority. Reuters
VOA VIEW: China should wake up.
The U.S. Air Force tried to cover up racial bias in its justice system, a report by an independent advocacy group said Wednesday. UPI
VOA VIEW: Election time is nearing.
China's two aircraft carriers will be deployed in August near Taiwanese waters for military exercises, according to reports. UPI
VOA VIEW: As they should.
Boeing said Wednesday it is laying off more than 6,000 employees in the first phase of its plans to reduce its workforce by 10 percent as the airline industry reels from the coronavirus pandemic. UPI
VOA VIEW: Everyone is hurting.

VOA VIEW -- Is the opinion of "Voice of Americans", which is a private entity not affiliated in any way with the United States government or any of its agencies. The opinions expressed here, in whatever medium or format, are not necessarily the opinions of the ownership or advertisers of this web site - 0415.


P.O. Box 10307
New Orleans, LA 70181
(504) 888-8255
COMMENTARY OF THE DAY
By
Robert Namer
Voice Of America
©2018 All rights reserved
May 27, 2020

     Scam artists who should be punished. A multibillion-dollar institution in the Seattle area invests in hedge funds, runs a pair of venture capital funds and works with elite private equity firms like the Carlyle Group. But it is not just another deep-pocketed investor hunting for high returns. It is the Providence Health System, one of the country’s largest and richest hospital chains. It is sitting on nearly $12 billion in cash, which it invests, Wall Street-style, in a good year generating more than $1 billion in profits.

     And this spring, Providence received at least $509 million in government funds, one of many wealthy beneficiaries of a federal program that is supposed to prevent health care providers from capsizing during the coronavirus pandemic. With states restricting hospitals from performing elective surgery and other nonessential services, their revenue has shriveled. The Department of Health and Human Services has disbursed $72 billion in grants since April to hospitals and other health care providers through the bailout program, which was part of the CARES Act economic stimulus package. The department plans to eventually distribute more than $100 billion more.

     So far, the riches are flowing in large part to hospitals that had already built up deep financial reserves to help them withstand an economic storm. Smaller, poorer hospitals are receiving tiny amounts of federal aid by comparison. Twenty large recipients, including Providence, have received a total of more than $5 billion in recent weeks, according to an analysis of federal data by Good Jobs First, a research group. Those hospital chains were already sitting on more than $108 billion in cash, according to regulatory filings and the bond-rating firms S&P Global and Fitch. A Providence spokeswoman said the grants helped make up for losses from the coronavirus.

     Those cash piles come from a mix of sources: no-strings-attached private donations, income from investments with hedge funds and private equity firms, and any profits from treating patients. Some chains, like Providence, also run their own venture-capital firms to invest their cash in cutting-edge start-ups. The investment portfolios often generate billions of dollars in annual profits, dwarfing what the hospitals earn from serving patients. Many of these hospital groups, including Providence, are set up as nonprofits, which generally don’t have to pay federal taxes on their billions of dollars of income.

     By contrast, hospitals that serve low-income patients often have only enough cash on hand to finance a few weeks of their operations. After the CARES Act was passed in March, hospital industry lobbyists reached out to senior Health and Human Services officials to discuss how the money would be distributed.