Bloomberg (March 13)
“Trade’s share of global GDP peaked in 2008, and has been falling for the past decade. So the war in Ukraine doesn’t necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalization.”
Minneapolis Star Tribune (July 22)
The 1.5 year decline in U.S. life expectancy “is the largest seen in a single year since World War II” and “reflects the pandemic’s sustained toll on Americans, particularly the disproportionate impact of COVID-19 on communities of color,” where life expectancy fell nearly 3 years for blacks and Latinos.
Tags: Blacks, COVID-19, Decline, Disproportionate, Impact, Life expectancy, Pandemic, U.S., WWII
New York Times (July 20)
“One reason U.S. investors are nervous is the price of oil, which dropped nearly 8 percent on Monday. Rising oil prices had been seen as a sign of a strong global rebound. The sharp decline…suggests that the global demand for oil, and therefore economic activity, could be lower than thought.”
Tags: Decline, Dropped, Economic activity, Global demand, Investors, Nervous, Oil prices, Rebound, Rising, U.S.
Time (June 23)
“Life expectancy across the country plummeted by nearly two years from 2018 to 2020, the largest decline since 1943, when American troops were dying in World War II.” While life expectancy also dropped in many countries during the same period, “the average loss of life expectancy in the U.S. was nearly nine times greater than the average in 16 other developed nations, whose residents can now expect to live 4.7 years longer than Americans.”
Tags: Decline, Developed nations, Dying, Life expectancy, Plummeted, U.S., WWII
LA Times (June 14)
“The chances of getting COVID-19 will not be zero anytime soon—even for vaccinated people. So, for all of us to comfortably return to in-person work, send our kids to school and abandon our masks, we will have to rely on multiple lines of trust…. Unfortunately, Americans’ willingness to trust one another was already in decline before the pandemic began.”
Tags: COVID-19, Decline, In-person, Kids, Masks, Pandemic, Return, School, Trust, Vaccinated, Willingness, Work
USA Today (June 8)
“The struggles of many long-term unemployed Americans… may be starting to ease. Last month, the number of people unemployed six months or longer fell by 431,000—the second-largest decline on record—to 3.8 million…. Even with that drop, though, the number remains historically high and has tripled amid the COVID-19 pandemic.”
Tags: COVID-19 pandemic, Decline, Drop, Ease, High, Long-term unemployed, Struggles, U.S.
Seattle Times (April 25)
“Even as optimism abounds in the United States, where cases are in steep decline and the vaccine supply has begun to exceed the demand,” fueled on by new variants, the pandemic “has reached one of its bleakest points.” Last week brought a record 5.7 million new COVID-19 infections worldwide, “nearly double the seven-day average in late February. The death toll — now approaching 3.1 million — grew by more than 87,000.”
Plain Dealer (September 3)
“Greater Cleveland’s economy has been hit harder than most large metro areas across the country during the coronavirus crisis…. Just three of the 40 largest metro areas – New York, Las Vegas and Boston – have done worse in terms of job losses than Cleveland’s 12% decline from July 2019 to July 2020.”
Tags: Boston, Cleveland, Coronavirus, Crisis, Decline, Economy, Hit harder, Job losses, Las Vegas, New York
The Guardian (August 13)
“Forget doom-laden headlines, the dollar has not gone into terminal decline.” In fact, the dollar’s resiliency has been upheld even though “Donald Trump’s administration has done more than any in living memory to disrupt US trade” and has transformed the nation into an unreliable alliance partner. And yet, “the currency’s international role has not diminished significantly.” The simple truth is “there is no alternative. The euro is not an alternative…. Nor is the yuan a viable alternative.”
Tags: Alliance partner, Alternative, Currency, Decline, Diminished, Disrupt, Dollar, Doom, euro, Resiliency, Trade, Trump, U.S., Unreliable, Yuan
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
