Washington Post (July 20)
“Six months after the coronavirus appeared in America, the nation has failed spectacularly to contain it. The country’s ineffective response has shocked observers around the planet.” Though many other “countries have rigorously driven infection rates nearly to zero,” in the U.S. “coronavirus transmission is out of control. The national response is fragmented, shot through with political rancor and culture-war divisiveness.”
Tags: Contain, Coronavirus, Culture war, Divisiveness, Failed, Fragmented, Ineffective, Infection rates, Out of control, Rancor, Response, Shocked, Spectacularly, Transmission, U.S.
Investment Week (July 20)
“The US silver economy is worth $7trn alone, making it more valuable than the economies of Britain, Japan, or India. In the past 18 years, companies whose businesses relate to the ageing population have achieved average revenue and earnings growth that has outperformed the global market. This trend is expected to continue gathering momentum.”
Tags: Ageing, Britain, Earnings growth, Global market, India, Japan, Outperformed, Population, Revenue, Silver economy, Trend, U.S.
The Economist (July 18)
“Big change is coming, as countries around the world adopt cleaner sources of energy. Peak demand for oil may still be years away, but covid-19 has given the Middle East and north Africa a taste of the future. Prices of the black stuff plummeted as countries went into lockdown…. Even when the virus recedes, a glut of supply will probably keep prices down. Faced with budgets that no longer add up, Arab states must adapt.”
Tags: Budgets, Change, Cleaner, COVID-19, Energy, Glut, Middle East, North Africa, Peak demand, Plummeted, Prices, Supply
Wall Street Journal (July 17)
“Germany has a patchy record in fighting corporate crime. Volkswagen AG ’s giant emissions-cheating scandal was uncovered by California. The U.S. has imposed more money-laundering fines on troubled German lender Deutsche Bank AG than Germany has. BaFin’s decadelong blind spot for Wirecard now raises questions about the country’s ability to enforce securities rules that protect investors.”
Tags: BaFin, Blind spot, California, Corporate crime, Deutsche Bank, Emissions, Enforce, Fines, Germany, Investors, Money laundering, Patchy record, Scandal, Securities rules, U.S., Volkswagen, Wirecard
New York Times (July 16)
Rather than the once hoped for economic recovery, “the United States economy is headed for a tumultuous autumn, with the threat of closed schools, renewed government lockdowns, empty stadiums and an uncertain amount of federal support for businesses and unemployed workers all clouding hopes for a rapid rebound from recession.”
Tags: Autumn, Economic recovery, Economy, Lockdowns, Schools, Stadiums, Support, Threat, Tumultuous, U.S., Unemployed
Reuters (July 16)
“Pandemics don’t lend themselves to jetting around for client lunches.” Year on year, Goldman Sachs halved its Q2 market development expense. “Other banks, like Citigroup and JPMorgan, have also recorded falls in marketing-like expenses.” This “sheds light on how tough post-pandemic life will get for the travel industry if high-spending businesses emerge sustainably more frugal. Delta Air Lines Chief Executive Ed Bastian warned this week that business travel may never come back to 2019’s levels.”
Tags: Business travel
The Guardian (July 15)
“Brexit was meant to make Britain global. It has made us friendless.”
Tags: Brexit, Friendless, Global, UK
Washington Post (July 15)
“All signs suggest it’s closing on his presidency because of his world-class incompetence with the coronavirus pandemic, the protracted economic collapse that resulted, and the increasingly overt racism Trump has embraced.
Tags: Coronavirus, Economic collapse, Incompetence, Pandemic, Presidency, Racism, Signs, Trump
San Francisco Chronicle (July 13)
“A vaccine may not be enough to end the coronavirus pandemic and restore society to some semblance of normalcy.” Effective treatments may prove just as important. “Researchers across the globe are racing to find drugs that can keep more people alive and out of the hospital—and any one of those treatments may ultimately work just as well as a vaccine.”
Tags: Alive, Coronavirus, Drugs, Effective, Hospital, Normalcy, Pandemic, Researchers, Restore, Society, Treatments, Vaccine
Tampa Bay Times (July 13)
“Florida by far broke the national record for the number of coronavirus cases reported in one day on Sunday. The 15,3000 case count was the highest number reported by a state in a single day since the start of the pandemic.” The surge has people “declaring Florida the new epicenter of the coronavirus.”