Coronavirus immediate update: Recession is imminent, said financial watchdog; 2 Texas prisons when locked up | Instant News

The Houston Chronicle has raised the paywall on this growing coverage to provide important information to our community. To support the work of our journalists, consider digital subscriptions.

1:30 p.m. Leo DeCapua works from the last houses he planned to rent – when bad news comes.

“Sorry,” the text reads. “Investors just don’t want this loan.”

Investors have over the last few weeks begun to withdraw from the type of customer government programs have been formed to support, said several Houston area mortgage brokers.

Prospective home buyers who are pursuing Federal Housing Administration loans, which only require a 3 percent down payment, or VA loans, which do not require a down payment, find the minimum credit score requested increases.

RA Schuetz

1:20 p.m. COVID-19 and home insulation reduced the use of Houston buses to two. Now, Metro has cut the bus in two reduce the risk of spreading the disease.

Metropolitan Transit Authority workers have netted hundreds of buses over the past few days to separate drivers and drivers.

Passengers began to ride from the back door of the bus on March 23, with Metro encouraging people to place themselves in all vehicles and limit close contact with others.

Still, Metro spokesman Jerome Gray said, many drivers gathered near the driver or flew to ask questions. The net will help keep everyone back, he said, while providing space in front of the bus for elderly and disabled passengers who need to use the front door.

1:05 p.m. Employees at the Texas Children’s Hospital receive salaries of up to $ 500 during the COVID-19 outbreak, hospital president Mark A. Wallace announced Tuesday.

Full time employees will do it receive a $ 500 check this Friday, while part-time employees will receive $ 250. More than 12,000 hospital workers will receive benefits, said Jenn Jacome, a spokesman for the Texas Children’s Hospital.

CEO TALKING: Texas Children’s Hospital CEO Mark Wallace prepares upheaval for health care

The money, which comes from operating reserves, is distributed regardless of whether they work from home or are still at the forefront of medical care.

-Gwendolyn Wu

1 pm With the price of oil deflated and most Texans sheltered at home, the state economy has it all but surely falling into recession, Financial watchdog Glenn Hegar said Tuesday.

“You don’t have the data but it’s quite clear that a large part of the world is closed,” Hegar, a state tax collector, said in a direct interview with the Texas Tribune. “You don’t know how bad that will be.”

Financial monitors have warned of a slowdown for days now, but his statement Tuesday seems to be his first public acknowledgment that the country is now in upheaval. Texas is battling a coronavirus pandemic and is reeling from a global price war in the oil sector that has cut profits.

Hegar said officials would not have their first real view on a slowdown until June, but early indicators showed a significant decline. Unemployment claims have skyrocketed in the past two weeks, hotel occupancy rates have dropped to historic lows, and most local businesses no longer collect sales tax – the single largest source of state tax revenue.

-Jeremy Blackman

12:20 p.m. Two Texas prison units are in complete lockdown after a large part of their prisoner population was placed under medical restrictions for possible COVID-19 exposure, a Texas Department of Justice spokeswoman confirmed.

The Rufe Jordan unit, a men’s prison in Pampa, was locked after 993 inmates were placed under medical restrictions on Monday. TDCJ did not update the figures Tuesday. The maximum capacity of the unit is 1,008, according to the TDCJ website.

The Lane Murray Unit, a women’s prison in Gatesville, was locked up after 1,147 inmates entered medical restrictions on Monday. The maximum capacity of the unit is 1,341.

On Tuesday, all inmates in the units were confined in their cells, said spokesman Jeremy Desel.

-Julian Gill

12:10 p.m. Texas can finally see the additional $ 600 authorized by Congress for increase their unemployment checks next week, Director of the Texas Labor Commission, Ed Serna said during a conference call with the Houston Hispanic Chamber of Commerce on Tuesday.

After the signing of the CARES Act became law nearly two weeks ago, unemployment benefits were significantly expanded, adding $ 600 per week above state benefits.

However, countries have struggled to spend money quickly, because the country’s unemployment agents must first sign an agreement with the Department of Labor and wait for the funds to be accessed. Responding to a question on the phone, Serna said Texas residents should expect their additional benefits to start appearing in their checks, “within the next week or so.”

-Erin Douglas

12 am Raymond Scholwinski may have caught the corona virus on March 16, his wife Rynda Scholwinski believes, but no one knows for sure.

On that day, sergeant Harris County Sheriff, 70, met a deputy who did not realize he was sick and was later tested positive for COVID-19, a disease caused by the coronavirus virus.

Fever arrived a few days later. Initially mild symptoms. Low fever. Fatigue. But such symptoms are not uncommon for Scholwinski, who has scarring which sometimes makes him cough. And he seemed to ignore it, until Monday, March 23.

“We have great hopes,” Rynda said. “But that night, the fever reappeared.”

image source

to request modification Contact us at Here or [email protected]

Leave a Reply

Your email address will not be published.