Reuters (September 15)
“A railway hiatus is the last thing America needs.” Fortunately, “the narrowly averted shutdown of U.S. rail services should avoid widespread economic damage.” Even though trucks “carry the majority of freight in U.S. domestic shipments, rail still accounts for about $700 billion worth of annual shipments.”
Tags: $700 billion, Annual shipments, Averted, Domestic shipments, Economic damage, Freight, Rail services, Railway, Shutdown, Trucks, U.S.
Bloomberg (June 15)
The Federal Reserve “must do more than raise rates by 75 points.” It needs to “regain control of the inflation narrative to avoid inflicting more economic damage and to restore its credibility.”
Tags: 75 points, Credibility, Economic damage, Fed, Inflation narrative, Raise, Rates, Regain control, Restore
South China Morning Post (April 17)
“China’s economy shrank by 6.8 per cent in the first quarter of 2020, the first contraction since the end of the Cultural Revolution in 1976, confirming the economic damage done by the coronavirus pandemic.” The massive contraction “was worse than predictions of minus 6.0 per cent from a survey of analysts’ forecasts by Bloomberg.”
Tags: Analysts, China, Contraction, Coronavirus, Cultural Revolution, Economic damage, Economy, Pandemic
New York Times (April 10)
“The scale of the economic damage is breathtaking. In one recent poll, more than half of all Americans under the age of 45 said that they had lost their jobs or suffered a loss of hours.” It is equally harrowing for businesses. Those that survive will “face long-term costs, too: the loss of trained and experienced workers, the uncertainties of hiring new ones.”
Tags: Breathtaking, Businesses, Costs, Economic damage, Experienced workers, Hiring, Jobs, Loss, Scale, Trained, Uncertainties
The Week (February 2)
“President Donald Trump’s immigration ideas may have already cost America trillions of dollars—with perhaps even more economic damage on the way…. This should all be alarming for an economy that has benefited so much from attracting the world’s best and brightest.”
Tags: Alarming, Best, Brightest, Economic damage, Economy, Immigration, Trump, U.S.
Forbes (April 15)
It’s easy to underestimate the loss of Greece. “While it may be true that the economic damage of a Greek collapse would largely be confined to Greece itself, it nonetheless would undermine the great post-WWII dream of a united Europe that would never experience another catastrophic war….. Thanks to remarkably bad leadership, Europe’s post-WWII order is in mortal danger, threatening unimaginable political and economic repercussions.”
Tags: Collapse, Danger, Economic damage, Europe, Greece, Leadership, War, WWII
