{"id":103812,"date":"2020-03-15T15:44:18","date_gmt":"2020-03-15T22:44:18","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/03\/us-should-give-citizens-1000-a-month-to-limit-coronavirus-impact-on-economy-strategist-says"},"modified":"2020-03-15T15:44:18","modified_gmt":"2020-03-15T22:44:18","slug":"us-should-give-citizens-1000-a-month-to-limit-coronavirus-impact-on-economy-strategist-says","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/03\/us-should-give-citizens-1000-a-month-to-limit-coronavirus-impact-on-economy-strategist-says","title":{"rendered":"US should give citizens $1,000 a month to limit coronavirus impact on economy, strategist says"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/us-should-give-citizens-1000-a-month-to-limit-coronavirus-impact-on-economy-strategist-says.jpg\"><\/a><\/p>\n<p>Hong Kong\u2019s government announced in late February that it would be giving every resident over the age of 18 a cash payout of 10,000 Hong Kong dollars, part of a package of measures aimed at reducing the financial blow to the territory from the COVID-19 outbreak and months of anti-government protests. At the time, the city\u2019s Financial Secretary Paul Chan told CNBC the move could boost Hong Kong\u2019s economy by around 1%.<\/p>\n<hr>\n<p>The U.S. should follow Hong Kong\u2019s lead and give a cash handout to its citizens amid the coronavirus pandemic, a strategist told CNBC Friday.<\/p>\n<p>\u201cThis is not a financial crisis,\u201d Andrew Freris, CEO of Ecognosis Advisory, told CNBC\u2019s \u201cCapital Connection.\u201d \u201cIt is a crisis about the real economy.\u201d<\/p>\n<p>He noted that in 2008, central banks used stimulus to respond to the collapse of the U.S. mortgage market \u2014 but he said nothing of the kind was happening right now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong\u2019s government announced in late February that it would be giving every resident over the age of 18 a cash payout of 10,000 Hong Kong dollars, part of a package of measures aimed at reducing the financial blow to the territory from the COVID-19 outbreak and months of anti-government protests. At the time, the [\u2026]<\/p>\n","protected":false},"author":542,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,39,45,1490],"tags":[],"class_list":["post-103812","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-economics","category-finance","category-government"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/103812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=103812"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/103812\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=103812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=103812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=103812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}