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PALM BEACH GARDENS, FL, WHITE PLAINS, NY, and YONKERS, NY — March 9, 2020 — John Bailey, White Plains CitizeNetReporter Publisher / Editor, opens the broadcast day.
- Saturday night, New York State Governor Andrew M. Cuomo noted that Novel Coronavirus (COVID-19) has grown to a total of 89 individuals in the state. The geographic breakdown is as follows: Westchester @70, New York City @11, Nassau @4, Rockland @2, and Saratoga @2. We discuss, what ramifications COVID-19 will have on Westchester County locality governments, its financial impact, Westchester County Airport, economic development projects, whether restaurants, supermarkets, among other places where people mingle in close proximity will impact retail outlets vs Internet products/services. What governments must do to meet the challenges of COVID-19.
- We contemplate some of the standards to which we have become accustomed, shaking hands, kissing on the cheek, hugging friends/loved ones, attending sports arenas, movie theaters, stage performances, concerts, political rallies, workplace, telecommuting options, voting by Skype as suggested by Greenburg Town Supervisor Paul Feiner, voting by using the Internet as done in other localities, among other concerns.
Listen from 10-10:30am.
Political Analyst Michael Edelman, Esq., speaks to issues that resonate on the national and international political landscape.
- Support for Vice-President Joe Biden for president has gained a coalition of support before Super Tuesday, with endorsements from Mayor Michael Bloomberg, Mayor Pete Buttigieg, Senator Amy Klobuchar, Congressman Beto O’Rourke, among others, and today, Kamala Harris. Is a Biden/Harris bid for the White House a dream ticket as postulated by Michael Edelman, Esq., months ago? We learn why it is still a compelling prospect.
- The Financial Times reported on Sunday that a day of reckoning awaits junk bonds when markets open on Monday. The prognostication is based on an unforlding price war in oil set to knock energy companies buckling from the outbreak of the Coronavirus. Saudi Arabia is set to raise production next month, in an apparent attempt to put pressure on Russia for refusing to join other nations n curbing output. Besides Russia, the move will likely impact the US shale industry and imperil companies already teetering on brink of collapse. Energy companies are the biggest issuers of junk bonds, accounting for more than 11 per cent of the US high-yield market. Such issuers have credit ratings of BB or below, indicating that they are at higher risk of default than “investment-grade” issuers, rated BBB and above. The average US high-yield energy bond closed in “distressed” territory last week, defined as a cost of borrowing of 10 percentage points or more above Treasury yields. The spread was almost 11 percentage points on Friday. Will more pressure on cash flows caused by lower oil prices result in downgrades, weighing on junk debt, and eviscerating one of the few standing pillars of support President Trump is counting on to garner his re-election prospects. With oil prices depressed, will the U.S. economy be able to function? What are the economic ramifications?
- The Coronavirus has caused Italy to demand sequestration of 25% of the nation. This is a model that was predominately the formula that lessened the contagion caused by the Ebola epidemic, though has not eradicated the disease. In the City of Wuhan, the province of Hubei, where 60 million people are still confined to their homes, we question whether this construct will also be engaged in the U.S. Does a democratic Republic permit that by a? If not, why not; if yes, why, yes?
- Is closing schools a necessity? What are the ramifications for students, for parents?
- Travel to and from many localities has been halted. No airplane service. Severed commercial supply lines, closed borders. Are there lessons from which our national and personal interests may be informed?
Listen from 10:30-11am.
Dan Romano, Democrat candidate for Yonkers City Court Judge, speaks to the responsibilities of the city court. What cases would come before him should he win election, and how his demeanor with respect to the law influences the judgement of the courtroom. We inquire if a city court judge has responsibilities that are different from other courts. How he interprets his role. And how it impacts the people who would come before him in his courtroom.
Listen from 11-11:30am.
Thereafter, Hezi Aris, Yonkers Tribune Publisher / Editor-at-Large engages in hyperlocal, county, state, national, and international issues with commensurate analysis.
Listen from 11:30am-12Noon.