Wall Street Journal (September 24)
“Finance chiefs and investors are trying to figure out how to account for coronavirus-related expenses as the pandemic transforms how companies operate in ways that may become a permanent cost of doing business.” The effects of COVID-19 are now expected to last for months, if not years, but “some companies continue to treat virus-related costs as special, one-time items, which can give the impression that a business’s costs are lower than they actually are,” boosting, for example, adjusted Ebitda. Some professionals believe it is now time for “treating these items as regular costs of doing business as they close the books for the third quarter and not adjust their non-GAAP earnings.”
Tags: Account, Adjusted Ebitda, Coronavirus-related expenses, COVID-19, Finance, Investors, Non-GAAP earnings, One-time items, Pandemic, Permanent cost, Q3
Time (September 22)
“England’s COVID-19 reopening went terribly wrong.” Britain hit 4,422 new cases on September 19, “the most in a single day since late May, when the country was still under national lockdown. The vast majority of those new cases (3,638) were in England…. On Monday, the government’s scientific advisors warned on television that, at current rates, the U.K. could be recording as many as 50,000 new cases per day by mid-October.”
New York Times (September 19)
“No sensible person can dispute that Covid-19 is a great tragedy for humanity,” And yet measured, “by the cold logic of evolution: The career of SARS-CoV-2 so far is, in Darwinian terms, a great success story…. Bad luck for us. But evolution is not rigged to please Homo sapiens.”
Tags: Cold logic, COVID-19, Darwinian, Dispute, Evolution, Homo sapiens, Humanity, SARS-CoV-2, Sensible, Success story, Tragedy
WARC (August 27)
“Lockdowns have lasted longer than the 66 days research suggests it takes to form a new habit – so 2020 really will be an inflection point when we witness a paradigm shift.” COVID-19 has overturned our entrenched attitudes and assumptions, “halting much of what we have taken for granted, imposing new ways of living our lives and creating new boundaries.”
Tags: 2020, 66 days, Assumptions, COVID-19, Entrenched attitudes, Habit, Inflection point, Lockdowns, Overturned, Paradigm shift, Research
Bloomberg (August 24)
“Many of the governments once lauded for their textbook Covid-19 responses, replete with strict lockdowns, sophisticated contact-tracing apps and clearly articulated policies, got tripped up by something in the end… It only goes to show that there’s no winning the coronavirus recovery.”
Tags: Contact-tracing apps, Coronavirus recovery, COVID-19, Governments, Lauded, Lockdowns, No winning, Responses, Sophisticated, Tripped up
New York Times (August 17)
“As public health officials look to fall and winter, the specter of a new surge of Covid-19 gives them chills. But there is a scenario they dread even more: a severe flu season, resulting in a ‘twindemic’” with more sufferers and similar symptoms. “Even a mild flu season could stagger hospitals already coping with Covid-19 cases.”
Tags: COVID-19, Fall, Flu season, Hospitals, Officials, Public health, Surge, Symptoms, Twindemic, Winter
San Francisco Chronicle (August 10)
“A troubling trend has emerged in the Bay Area and around the nation: More young people are getting sick, in numbers so large that in some regions they now make up the largest and fastest-growing demographic contracting the virus.” Although are far less likely to die of COVID-19, youths with milder symptoms often risk exposing others and many of them still wind up with “symptoms severe enough to send them to the emergency room or intensive care.”
Tags: Bay Area, COVID-19, Demographic, Die, Emergency room, Fastest-growing, Risk, Sick, Symptoms, Trend, Troubling, Young people
The Economist (August 8)
“Covid-19 will be painful for universities, but also bring change. They need to rethink how and what they teach.”
Tags: COVID-19, Painful, Rethink, Teach, Universities
Institutional Investor (August 6)
“Markets may have bounced back quickly from March’s Covid-19 crash, but the asset management industry will not escape 2020 unscathed.” The pandemic is “expected to shrink” the global asset management industry by almost $2 trillion. “The decline in global assets under management ends more than a decade of growth for money managers.”
Tags: Asset management, AUM, COVID-19, Crash, Decline, Growth, Markets, Money managers, Pandemic, Shrink
New York Times (July 25)
The U.S. recorded over 73,000 new COVID-19 cases on Friday. “California. South Carolina. North Dakota, Kentucky. Hawaii. Those are among the 18 states that set single-day case records in the last week, putting the country on track to breaking a national single-day record for new coronavirus cases set less than two weeks ago.”
Tags: California, Coronavirus, COVID-19, Hawaii, Kentucky, North Dakota, Record, Single-day, South Carolina, U.S.
