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Financial Times (December 9)

2021/ 12/ 10 by jd in Global News

“The Big Four accounting firms have recorded their strongest financial performance since the collapse of Enron as corporate clients rushed to transform their businesses during the coronavirus pandemic.” Revenues soared to over $167 billion, collectively, in spite of “continued criticism of the structure and performance of the firms, especially in audits, including scrutiny of EY’s failure to identify fraud at Wirecard.”

 

New York Times (December 7)

2021/ 12/ 09 by jd in Global News

“Stocks have swung wildly since the Omicron variant of the coronavirus emerged, once again raising concerns about the pandemic’s potential to damage the global economy.” In two years of “market upheaval,” a pattern has emerged. “Each bout of pandemic-driven volatility in the stock market since February 2020 has been shorter than the one before, and followed by a recovery to a new high. “

 

Atlanta Journal-Constitution (November 5)

2021/ 11/ 06 by jd in Global News

“On Thursday, Georgia topped 25,000 confirmed deaths in the 20-month-long coronavirus pandemic… the same week that the U.S. toll reached 750,000 and the global toll 5 million.” The reality is likely grimmer. “The number is likely a significant undercount…. In addition to undiagnosed cases, the state listed and additional 5,351 deaths as ‘probable’ pandemic deaths—ones attributed by health authorities to COVID-19 but not yet confirmed with the proper test.”

 

USA Today (November 3)

2021/ 11/ 04 by jd in Global News

“The coronavirus lockdowns had an ‘extreme’ effect on carbon emissions, causing a whopping 17% drop globally during peak confinement measures by early April 2020 – levels that hadn’t been seen since 2006.” We are now reverting to mean. “Global emissions of carbon dioxide, the greenhouse gas that’s most responsible for global warming, have returned to near pre-pandemic levels…. This year saw a 4.9 percent increase in emissions over 2020, similar to the rebound that followed the 2008 global financial crisis.”

 

Wall Street Journal (October 28)

2021/ 10/ 29 by jd in Global News

The U.K. dialed back government stimulus for the fast growing British economy, one of the first big Western economies to step away from the emergency policies put in place to tackle the coronavirus pandemic.” The shift is being spurred by “a buoyant growth outlook and concern over surging inflation,” which is “expected to accelerate to around 5% next year, more than double the BOE’s 2% goal.”

 

BBC (October 27)

2021/ 10/ 28 by jd in Global News

“The impact of Brexit on the UK economy will be worse in the long run compared to the coronavirus pandemic.” According to Richard Hughes, the chairman of the Office for Budget Responsibility, “leaving the EU will reduce the UK’s potential GDP by about 4% in the long term” while the impact of the pandemic is forecast as a 2% contraction of GDP.

 

BloombergQuint (October 19)

2021/ 10/ 20 by jd in Global News

Hoarding and food shortages are back, even though “there’s plenty of food. There just isn’t always enough processing and transportation capacity to meet rising demand as the economy revs up. More than a year and a half after the coronavirus pandemic upended daily life, the supply of basic goods at U.S. grocery stores and restaurants is once again falling victim to intermittent shortages and delays.”

 

Atlanta Journal Constitution (October 14)

2021/ 10/ 16 by jd in Global News

“Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.”

 

Santa Monica Daily Press (October 12)

2021/ 10/ 13 by jd in Global News

The most populous state in the U.S. now has “the lowest per capita rate of new coronavirus cases.” Still, California just topped 70,000 cumulative COVID deaths. This is “the most in the nation, surpassing Texas by about 3,000 and Florida by about 13,000, although California’s per capita fatality rate of 177 per 100,000 people ranks in the bottom third for the U.S.”

 

Market Watch (September 16)

2021/ 09/ 16 by jd in Global News

“The U.S. passed another grim milestone in the coronavirus pandemic on Thursday, when the number of fatalities from COVID-19 passed 666,000, meaning that about 1 in every 500 people living in America has died of the illness.” And with just under 2,000 deaths from COVID a day, “the U.S. is suffering more deaths every two days than in the terrorist attacks of Sept 11, 2001.”

 

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