FT News Briefing Wednesday, March 18
Mar 18, 2020
Western governments are unleashing trillions in stimulus to combat the pandemic's economic impact. A deep dive reveals the need for targeted fiscal aid to support vulnerable workers. Meanwhile, Impossible Foods raises $500 million to navigate these turbulent times. Political action heats up as Joe Biden solidifies his lead against Trump, even as the pandemic complicates voter engagement. All these developments paint a complex picture of resilience and challenge in an era marked by uncertainty.
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Government Stimulus Packages
- Governments are pledging trillions of dollars in stimulus to combat the economic fallout from the pandemic.
- These measures include direct payments to citizens, business loan guarantees, and expanded unemployment benefits.
Targeted Aid
- Focus aid on individuals and small businesses most affected by the crisis.
- Target aid towards those who need it most, like gig workers and low-wage service employees.
Stimulus Checks
- Direct checks to Americans are an unprecedented move for a Republican president.
- While fiscal stimulus is needed, a more targeted approach might be more effective than universal handouts.