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.
