The New York Times
· Can America’s Middle Class Be Saved from a New Depression? →
But President Trump threatened to veto the bill, as House Republicans called the legislation ‘‘a socialist wish list.’’ The Oklahoma congressman Markwayne Mullin said in a statement, ‘‘Speaker Pelosi’s bill forces us to become dependent on the federal government.’’
The China Post
· Kansas governor vetoes limits on her power but loosens rules →
TOPEKA, Kan. (AP) — Kansas’ Democratic governor on Tuesday vetoed a sweeping Republican coronavirus measure that would have limited her power to direct the state’s pandemic response but then ceded to local officials the authority to keep restrictions on businesses.
· Trump asks diabetic seniors to repay him with votes just hours after Kellyanne Conway insisted insulin plan not about politics →
But the GOP-run Senate never took up that measure and the White House said Mr Trump would veto it.
· Brexit talks 'risk stalemate' if no progress on key issues →
Adding to pressure on Barnier not to concede on fishing rights, on Monday night the European parliament’s fisheries committee threatened to veto any deal with the UK that did not include a “balanced” agreement on fish quotas, allowing EU fleets continue access to British waters.
The Rio Times
· WHO Suspends Hydroxychloroquine Trials Against Covid-19 →
In addition to the drug now vetoed, researchers are also evaluating the results of three types of antivirals and one drug used to treat multiple .
· Lufthansa unit Eurowings to cut a third of head-office staff →
Germany threw Lufthansa a 9 billion euro (US$9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
· Global report: 'disaster' looms for millions of children as WHO warns of second peak →
Germany has given Lufthansa a €9bn ($9.8bn) bailout in a deal that gives Berlin a veto in the event of a hostile bid for the airline.The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.
· Germany stamps authority on Lufthansa with €9b lifeline →
FRANKFURT, May 26 — Germany threw Lufthansa a €9 billion (RM42.7 billion) lifeline yesterday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
· The Fed's Corporate Lending Facilities: A Case Of Pseudo Markets →
It is interesting to note that Glass, the founder of the Federal Reserve System, and Fed Board member Charles Hamlin were concerned that the Reconstruction Finance Corporation (RFC) might crowd out lending by the Fed, and convinced President Hoover to veto a bill designed to increase the RFC's lending authority.