Re:China to inject $174B of liquidity on Monday as markets r...
by ausjke on Sunday February 02, 2020 @03:17PM
(#22219154)
exactly, USA is _united_ states, crisis like Katrina really should be dealt by the local governments first-hand, with federal help on its way. it's very different from China's system, where everyone has to get approvals from the central government.
[ Parent
| on HN ]
Re:China to inject $174B of liquidity on Monday as markets r...
by rayiner on Sunday February 02, 2020 @04:57PM
(#22219739)
It’s not just the federal system, but the basic nature of disaster response. Even if the EU had jurisdiction over levees in the Netherlands, it would be ridiculous to expect an EU agency to be the front line response to flooding in Amsterdam. It’s the local government that actually knows where the risks and the resources to deal with those are. The federal government can help with money, say ensuring that poor cities have the financial resources to prepare a disaster response. But the actual response has to be local.
Re:China to inject $174B of liquidity on Monday as markets r...
by afarrell on Sunday February 02, 2020 @03:28PM
(#22219216)
> really should be dealt by the local governments first-hand, with federal help on its way
Add "And some overarching flexible framework for regular coordination-practice and preparation-funding" and this seems quite clear.