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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

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Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Coronavirus

New Zealand says it’s eliminated all coronavirus cases and is resuming normal life

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Matthew Brockett
Matthew Brockett
and
Bloomberg
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By
Matthew Brockett
Matthew Brockett
and
Bloomberg
Bloomberg
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June 7, 2020, 11:45 PM ET

New Zealand will remove social distancing requirements after reporting zero active cases of Covid-19, indicating it has achieved its aim of eliminating the virus.

Prime Minister Jacinda Ardern said Monday that all remaining restrictions on people and businesses, other than strict border controls to keep the virus out, will be lifted at midnight tonight, paving the way for a resumption of normal life. The South Pacific nation earlier reported that the last of its coronavirus patients has recovered, making it one of the few countries in the world to have successfully eradicated the pathogen.

“We united in unprecedented ways to crush the virus,” Ardern said at a press conference in Wellington. “Our goal was to move out the other side as quickly and as safely as we could.”

New Zealand has pursued an explicit elimination strategy rather than seeking to merely suppress transmission of the virus. It enforced one of the strictest lockdowns in the world, asking everyone to stay at home and allowing only essential services to operate. While this has almost certainly triggered a deep recession, the government says elimination of the virus should allow the economy to recover more rapidly than many of its peers.

The seven-week lockdown ended May 14 and cabinet today decided it was safe to lower the nation’s alert level to 1, which allows the removal of the last remaining restrictions. People will only be asked to keep track of who they’ve met and where they’ve been to aid contact tracing if future cases emerge.

Moving to level 1 “is a statement that we have achieved the goal of eliminating the Covid-19 virus from this country,” said Michael Baker, Professor of Public Health at the University of Otago. “This is, however, only the first battle in what will be a long-term war against this virus. The threat from Covid-19 obviously remains while this pandemic continues across the globe.”

New Zealand recorded a total of 1,504 confirmed and probable cases of Covid-19 and 22 deaths. It hasn’t had a new case for 17 days.

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