Forbes (July 7)
In the U.S., evictions could be the “next shoe to drop” as the pandemic continues to play havoc with the economy. “There are a confluence of factors that could result in wide-scale evictions this month” as enhanced unemployment benefits and eviction moratoriums are set to expire. The evictions could possibly extend to “millions of Americans.”
Tags: Confluence, Economy, Evictions, Havoc, Moratoriums, Pandemic, U.S., Unemployment benefits
Washington Post (July 7)
“As the nation faces a pandemic, financial catastrophe and massive social justice protests, it is suddenly also confronting a spike in violence in some of its major cities. Tragedies struck in urban centers thousands of miles apart, with 65 people shot over the weekend in New York and 87 in Chicago, and homicides climbing from Miami to Milwaukee.” Shootings often rise in summer, but “the recent toll has been particularly devastating.”
Tags: Chicago, Cities, Confronting, Financial catastrophe, Homicides, Miami, Milwaukee, New York, Pandemic, Protests, Shootings, Social justice, Tragedies, Violence
New York Times (July 7)
Germany has fallen “back in love with Angela Merkel.” She has recovered from “crushing defeats in regional elections” in 2018. Successfully containing “the pandemic has burnished the chancellor’s reputation as one of the country’s best leaders.”
Tags: Burnished, Containing, Crushing, Defeats, Elections, Germany, Love, Merkel, Pandemic, Recovered, Successful
Miami Herald (July 5)
“It took three months, from early March to June 22, for Florida to cross 100,000 new confirmed COVID-19 cases. It took less than two weeks for the state to go from 100,000 to 200,000 cases — and the positive test rate keeps rising.” On Sunday, Florida’s pandemic cases rose to 200,111 and 3,832 deaths. Florida has become the daily new case leader, but lags New York in overall cases.
Tags: Cases, Confirmed, COVID-19, Deaths, Florida, June, March, Pandemic, Positive test rate, Rising
Bloomberg (July 3)
“Much more than survive the pandemic lockdown, the largest American companies are seeing their advantage widen drastically as a result of it, with investors flocking to anything with size and stability.”
New York Times (June 25)
“On Wednesday it was as if the country had found itself back in March — at the start of the pandemic, in the early days of the lockdown, when masks were in short supply and when the death toll was skyrocketing.” The U.S. “reached another grim milestone on Wednesday as it reported 36,880 new cases,” breaking the previous high set on April 24. Instead of containment, new cases “have roared back in recent weeks.”
Tags: Containment, Death toll, Grim, Lockdown, March, Masks, Milestone, New cases, Pandemic, Skyrocketing, Supply, U.S.
Foreign Policy (June 22)
“India has crossed two bleak landmarks in its battle against the coronavirus. The country has now reached over 400,000 infections, making it the fourth-worst-hit country in the world, overtaking Britain, Spain, and Italy. But it’s also lifted its 76-day lockdown.” In order “to stave off economic disaster,” the country is now “walking head-on into a pandemic at its peak.”
Tags: Battle, Bleak, Coronavirus, Disaster, India, Infections, Italy, Landmarks, Lockdown, Pandemic, Peak, Spain, UK
New York Times (June 17)
“In many ways, the economic recovery from the coronavirus has defied the worst-case scenarios. Jobs, spending and markets have bounced back more quickly than expected, although they largely remain below pre-pandemic levels. This is mostly thanks to unprecedented government intervention, but many of those stimulus programs are set to expire soon. Then what?”
Tags: Coronavirus, Economic recovery, Intervention, Jobs, Markets, Pandemic, Scenarios, Spending, Stimulus, Worst-case
Washington Post (June 12)
“Every three days or so, the United States suffers as many deaths from covid-19 as lives were lost in the Sept. 11 terrorist attacks. The pandemic is emphatically not over: Some places are experiencing new spikes in cases, positive test results, hospitalizations and deaths…. The country is now a crazy quilt of local responses, with the virus surging in places and flattening in others, but still on the march overall.”
Tags: COVID-19, Deaths, Hospitalizations, Pandemic, Sept. 11, Spikes, Surging, Terrorist attacks, Test results, U.S. Suffers
Responsible Investor (June 9)
“Only in finance can a product lose 24% of its value and be celebrated as success. Since traditional benchmarks have lost more than ESG funds since the beginning of the year, ESG is feted by some as a success, a ‘refuge’.” Kudos, however, are not in order. “The rude fact is that, on the whole, ESG risk management frameworks did not prepare us for the inevitability of the pandemic. They did not help investors and banks anticipate the crisis, nor how to navigate it. The pandemic is a failure of mainstream risk management frameworks. Sadly, it is also a failure of ESG risk management frameworks.”
Tags: Banks, Benchmarks, Crisis, ESG funds, Finance, Frameworks, Investors, Pandemic, Refuge, Risk management, Success, Value
