LA Times (April 6)
“There has never been a time when it was more important to stand as one, together, across all differences, to keep our hearts beating. And yet in this historic moment the free world is led by a man who lacks basic civility, a man who is rolling back clean air standards in the middle of a deadly plague of respiratory disease, and whose greatest talent is to divide, mock, insult, alienate.”
Tags: Alienate, Civility, Clean air, Deadly, Differences, Hearts beating, Historic, Insult, Mock, Respiratory disease, Standards
Wall Street Journal (April 5)
“At least one-quarter of the U.S. economy has suddenly gone idle amid the coronavirus pandemic… an unprecedented shutdown of commerce that economists say has never occurred on such a wide scale.”
Tags: Commerce, Coronavirus, Economy, Idle, Pandemic, Quarter, Scale, Shutdown, U.S., Unprecedented
The Economist (April 4)
“The unicorn reality check was under way before America declared a national state of emergency over covid-19 on March 13th. Venture capitalists reckoned that a third of American unicorns would thrive, a third would disappoint and a third would be taken over or die.” With the coronavirus acting as an accelerator, we might find out the fate for the 450 or so global unicorns more quickly than expected. “A shake-out looms.”
Tags: Accelerator, Coronavirus, COVID-19, Disappoint, Emergency, Reality check, Shake-out, Thrive, Unicorn, VCs
Bloomberg (April 3)
“The cost of the coronavirus pandemic could be as high as $4.1 trillion, or almost 5% of global gross domestic product, depending on the disease’s spread through Europe, the U.S. and other major economies,” according to the Asian Development Bank.
Washington Post (April 2)
For weeks President Trump “talked nonsense….. The failure to prepare and the foot-dragging that has followed will mean … more people will get sick and die. Yes, those deaths — the losses that could have been prevented by sane, sensible decisions his own advisers were urging — are on Trump’s head. No amount of spin will absolve him of that responsibility.”
Tags: Absolve, Deaths, Failure, Foot-dragging, Losses, Nonsense, Prepare, Sane, Sensible, Sick, Spin, Trump
Institutional Investor (April 1)
“Traditional asset management firms are expected to lose around a third of their assets under management as a result of the coronavirus pandemic.” Fitch Ratings expects BlackRock to be least scathed, although it is still expected to lose over a quarter of its AUM, while AllianceBernstein is “projected to be the worst hit of the peer group,” losing up to 40.4% of its assets.
Tags: AllianceBernstein, Asset management, AUM, BlackRock, Coronavirus, Fitch Ratings, Pandemic, Traditional
Financial Times (April 1)
“History accelerates in crises. This pandemic may not itself transform the world, but it can accelerate changes already under way. One ongoing change has been in the relationship between China, the rising superpower , and the US, the incumbent.” Although the US has been seen “as a competent and decent leader” while China was not, this perception may change quickly due to the coronavirus.
Tags: Coronavirus
Washington Post (March 30)
“Any attempts at mitigation are handicapped at the start by this president’s manifest incompetence.” With few exceptions, Trump’s helpers are “hopeless.” This “is a tragedy” and “the price will be paid in American lives.”
Tags: Attempt, Handicapped, Hopeless, Incompetence, Mitigation, Tragedy, Trump, U.S.
USA Today (March 29)
“Investors are looking for the number of infections to slow before markets can find a bottom, analysts say. Last week, the U.S. topped China as the global leader in virus cases.”
Tags: Virus cases
New York Times (March 29)
The Covid-19 crisis has awakened “a sleeping giant” in China. “How the ruling Communist Party manages the coming months will help shape how hundreds of millions of young people see its authoritarian political bargain for decades to come.” The “generational awakening… could match the defining effects of World War II” and it “could disrupt the social stability on which the Communist Party depends.”
Tags: Authoritarian, Awakened, CCP, China, COVID-19, Crisis, Disrupt, Sleeping giant, Social stability, WWII, Young
