June 24, 2020 SHARE Email Facebook Twitter Gov. Wolf Thanks Penn State Health Milton S. Hershey Medical Center Staff During Visit Press Release, Public Health As the commonwealth continues its measured, phased reopening and COVID-19 case counts continue to decline, Governor Tom Wolf visited Penn State Milton S. Hershey Medical Center today to thank staff and learn more about how the facility is handling the pandemic and preparing for a possible resurgence in the fall.“For almost four months, the staff here has done an amazing job working day and night to care for patients,” Gov. Wolf said, addressing staff in attendance. “Taking care of patients with a new virus that we didn’t know much about was a challenge, and you’ve had to balance their health and wellness with keeping the other patients at that medical center safe. That took a team effort.”The Wolf Administration approached the COVID-19 pandemic with a plan, by being prepared and by issuing both stay-at-home and reopening orders using a measured, phased approach that combined science with input from health experts. The Department of Health opened its Operations Center at the Pennsylvania Emergency Management Agency in January, well before the first cases arrived in Pennsylvania. That preparedness was key to ensuring the state’s hospitals, including the medical center, were not overwhelmed.The Milton S. Hershey Medical Center addressed preparedness by ordering enough PPE in advance of any cases at the facility and by making use of a Special Pathogens Team to directly address the health care issues associated with COVID-19. The team was created to prepare for possible cases of Ebola in 2014 and was able to morph and adapt to address COVID-19 at the Hershey facility and its sister hospital, St. Joseph’s Medical Center in Reading. Team members have years of training and are dedicated to ensuring COVID-19 patients recover and can return home.Gov. Wolf was joined by Deborah Berini, president, Penn State Health Milton S. Hershey Medical Center and Sec. of Health Dr. Rachel Levine.“Today, our work continues – not only to ensure we can treat current COVID-19 patients and that we are ready for any potential future surge, but also to make sure that every patient who needs us can safely and confidently receive care,” said Berini. “As we do so, every step forward is made to find new and better ways to serve our patients while following careful consideration of public health guidelines, including from the Pennsylvania Department of Health.”“Thank you to all of the staff at Penn State Health and all of the nurses, doctors, EMTs and first responders who answered the call to help without reservation,” Dr. Rachel Levine said. “Your efforts saved lives under extraordinary circumstances. We are forever grateful for your service.“By wearing a mask, we aren’t just protecting ourselves and others from exposure to COVID-19, we are saying ‘thank you’ to the brave health care professionals working day and night to save our lives.”Read more on Gov. Wolf’s Process to Reopen PA here.Ver esta página en español.
RBA deputy governor Guy Debelle says house prices could be impacted by tighter lending standards. Image: AAP/Morgan Sette.RESERVE Bank of Australia deputy governor Guy Debelle has warned of the risks to house prices if lending standards are tightened further as a result of the banking royal commission.In a speech in Sydney, Dr Debelle said tighter lending restrictions might have a bigger effect on the amount of funds an individual household could borrow, rather than the number of households that were eligible for a loan.“This, in turn, means that credit growth may be slower than otherwise for a time,” he said.“To me, that has more of an implication for house prices, than it does for the outlook for consumption.”GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERERBA deputy governor Guy Debelle says house prices could be impacted by tighter lending standards.When it comes to interest rates, the RBA looks set to stay on the sidelines for the foreseeable future, with Dr Debelle stressing that the official cash rate was likely to remain steady this year and into next.“If the economy continues to evolve as expected, higher interest rates are likely to be appropriate at some point,” he said.“Notwithstanding this, the board does not currently see a strong case for a near-term adjustment in the cash rate.”Despite the solid outlook, Dr Debelle focused on risks, such as US-triggered inflation that would drive up global interest rates and push the Australian dollar down. FLOOD SUBURBS NOW BEATING REST OF BRISBANERBA deputy governor Guy Debelle says tighter lending standards could impact house prices. Photo: Penny Stephens.More from newsParks and wildlife the new lust-haves post coronavirus19 hours agoNoosa’s best beachfront penthouse is about to hit the market19 hours agoDr Debelle highlighted the risk posed by Australia’s high levels of household debt, saying it could weigh on consumer spending if borrowing costs were to rise suddenly.“Household income growth has been subdued for a number of years, which means that a number of households may be carrying a larger mortgage for longer than they expected when they took out the loan,” he said.“While they can service the mortgage, it has consumed a larger share of their income for longer than they might have intended.”HOMELESSNESS A ‘NATIONAL DISGRACE’The RBA is expected to leave interest rates on hold for longer than first thought. Image: AAP/Dean Lewins.Commenting on the recent regulatory pressure on banks to tighten lending rules, Dr Debelle downplayed the likely impact of resets to interest-only loans to more traditional principaland interest loans.“These can see the required mortgage payments rise by nearly 30-40 per cent for some borrowers,” he said.“Our assessment is that there are quite a few mitigants which will allow these borrowers to cope with this increase in required payments, including the prevalence of offset accountsand the ability to refinance to a principal and interest loan with a lower interest rate.“While some borrowers will clearly struggle with this, our expectation is that most will be able to handle the adjustment so that the overall effect on the economy should be small.”The RBA has kept the cash rate unchanged at a record-low 1.5 per cent since 2016.