The US Federal Reserve Board’s decision in March to throw the kitchen sink at whatever the coronavirus would do to financial markets provided a turning point for the US financial system, and prevented it from breaking.Post-mortems on what was happening at the epicentre of market action have suggested the Fed averted another financial crisis. The markets for Treasury securities and mortgage-backed securities, which were normally highly liquid, nearly "buckled" under the strain of the massive flows of funds in response to the pandemic. The market for Treasury securities provides the foundation of the US financial system and is a key plank – in fact, the key plank - within the global system.https://www
Researchers in Australia have devised a test that can determine novel coronavirus infection in about 20 minutes using blood samples in what they say is a world-first breakthrough.The researchers at Monash University said their test can determine if someone is currently infected and if they have been infected in the past.A patent for the innovation has been filed and the researchers are seeking commercial and government support to scale up production.https://www.usnews.com/news/top-news/articles/2020-07-17/australian-researchers-invent-20-minute-coronavirus-blood-test
The main thoroughfare leading to one of Sydney's most popular beaches could be closed off to traffic for a pop-up entertainment precinct under a creative proposal.Randwick City Council is considering scrapping part of Coogee Bay Rd of cars to allow bands, dining, drinking and family activities to occupy the space as part of a plan to kickstart the local economy during the COVID-19 pandemic.The video shows a band at one of the Council's annual fairs that could play, with now appropriate social distancing https://www.smh.com.au/national/nsw/coogee-s-main-street-could-oust-traffic-for-entertainment-20200716-p55csr.html
