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Chicago Tribune (March 26)

2020/ 03/ 29 by jd in Global News

“This isn’t a drill. It’s real life. The illness is hitting all age groups and in Illinois, cropping up in at least 35 counties so far. Grateful to health care workers? Want to offer a sincere thanks? Then stay home.”

 

The Guardian (March 26)

2020/ 03/ 28 by jd in Global News

“How did Spain get its coronavirus response so wrong? Spain saw what happened in Iran and Italy – and yet it just overtook China’s death toll in one of the darkest moments in recent Spanish history.”

 

The Times of India (March 26)

2020/ 03/ 27 by jd in Global News

“On day one of lockdown, supply of fruits and vegetables took a hit, despite the government having marked it out as an ‘essential service.’ Wholesale suppliers…say there are multiple logistics issues.” The largest “is the closure of state entry points and tolls across India. Some 1.2 crore trucks are said to be stranded across India” with some drivers “getting no food or water as dhabas remain closed for miles along highways, even as essentials rot inside the trucks.”

 

CNN (March 25)

2020/ 03/ 26 by jd in Global News

“Scientists have been more concerned about West Antarctica, where the ice has been melting faster in recent years.” They are now realizing East Antarctica brings perils as well, especially the Denman Glacier. This “giant glacier” has already “retreated almost three miles” and if it “fully thaws, sea levels would rise almost 5 feet.”

 

Institutional Investor (March 25)

2020/ 03/ 26 by jd in Global News

Due to the “historic buying opportunity,” a few “hedge funds legends” are “quietly contacting investors” These “superstar managers” are “making an exception” and reopening their funds to new investors citing “the massive drop in asset prices catalyzed by the novel coronavirus pandemic.”

 

Bloomberg (March 25)

2020/ 03/ 25 by jd in Global News

“It’s the worst epidemic of our times, a health emergency that has now left more than 420,000 infected, 18,800 dead and paralyzed the global economy. The scale has been clear for weeks.”Yet the same “baffling” decisions are “being repeated, over and over again. From Italy to the U.S. and Britain, each government first believes its country to be less exposed than it is, overestimates its ability to control the situation, ignores the real-time experience of others and ultimately scrambles to take measures.”

 

Reuters (March 23)

2020/ 03/ 24 by jd in Global News

“China is consciously uncoupling from Western peers on rates. Its central bank has held lending benchmarks steady as global peers slash…. The People’s Bank of China’s relative immobility has surprised many economists…. The spread between 10-year Chinese government bonds and U.S. Treasuries is nearly two percentage points, its widest since 2015.”

 

The Guardian (March 23)

2020/ 03/ 23 by jd in Global News

“Canada said it will not send athletes to Tokyo Olympics, New Zealand said it would consider boycotting Tokyo 2020 and Australia told its olympic athletes to prepare for the games to be held next year, in 2021 – all in the wake of Japan’s prime minister, Shinzo Abe, saying postponement could be an option.”

 

Forbes (March 22)

2020/ 03/ 22 by jd in Global News

“The most unique aspect to this market crisis is the sheer speed of the decline. The S&P 500 has dropped 30% in a month, in the crisis of 2008 a 30% drop from the market’s high took almost a year. If 2008’s decline was a Toyota Camry, this decline is a Ferrari.”

 

Institutional Investor (March 20)

2020/ 03/ 21 by jd in Global News

“The coronavirus pandemic has pushed the world’s economy into a slowdown that may lead to default rates jumping as high as 10 percent in the next twelve months, according to analysts at S&P Global…. The sudden stop in global economic activity, the recent drop in oil prices, and record market volatility are all putting pressure on the creditworthiness of companies.”

 

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