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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
HealthCoronavirus

Americans advised against all overseas travel as the coronavirus pandemic escalates

By
Matthew Lee
Matthew Lee
and
The Associated Press
The Associated Press
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By
Matthew Lee
Matthew Lee
and
The Associated Press
The Associated Press
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March 19, 2020, 4:22 PM ET
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The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads.

The State Department on Thursday issued a new alert urging Americans not to travel abroad under any circumstances and to return home if they are already abroad unless they plan to remain overseas.

“The Department of State advises U.S. citizens to avoid all international travel due to the global impact of COVID-19,” it said in the new advice. “In countries where commercial departure options remain available, U.S. citizens who live in the United States should arrange for immediate return to the United States, unless they are prepared to remain abroad for an indefinite period. U.S. citizens who live abroad should avoid all international travel.”

Until the upgrade, the department’s advice to U.S. citizens was to “reconsider” all international travel under what is known as a “level three” alert. The global “level four” warning was unprecedented as such alerts are generally reserved for specific countries embroiled in conflict, natural disasters or where Americans face specific risks.

However, the upgrade will likely have little practical effect because it is not mandatory and there are now limited transportation options for international travel. The only way to ban Americans from going abroad would be to invalidate the use of U.S. passports for such travel, a bar that is currently in place only for North Korea.

In addition, the main impact of State Department travel alerts is to cause insurance companies to increase premiums or cancel travel policies for group and individual tours, many of which had been scrapped even before the alert was raised to level three earlier this week.

The department has already advised Americans that many U.S. embassies and consulates abroad are operating with reduced staff and hours due to the COVID-19 outbreak and that services for Americans in need of assistance are limited.

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—This famed economist doesn’t think we’re headed for another Great Recession
—South Korea has the most comprehensive coronavirus data. What it’s taught us so far
—10 questions about the 2020 election during the coronavirus pandemic, answered
—6 steps to sustainably flatten the coronavirus curve
—How hackers are exploiting the coronavirus—and how to protect yourself
—Hong Kong launches surveillance operation to track suspected coronavirus patients
—Listen to Leadership Next, a Fortune podcast examining the evolving role of CEO
—WATCH: The race is on to create a coronavirus antiviral drug and vaccine

Subscribe to Fortune’s Outbreak newsletter for a daily roundup of stories on the coronavirus outbreak and its impact on global business.

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