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October 2020
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Seattle Times (September 29)

2020/ 09/ 30 by jd in Global News

“The worldwide death toll from the coronavirus eclipsed 1 million on Tuesday, nine months into a crisis that has devastated the global economy, tested world leaders’ resolve, pitted science against politics and forced multitudes to change the way they live, learn and work.”


The Guardian (September 25)

2020/ 09/ 27 by jd in Global News

“It doesn’t take an Einstein to observe the folly of Johnson doing the same thing twice and expecting a different result. Delaying inevitable tougher rules will likely do what it did before. Prolonging the pandemic worsens the economy as well as the roll-call of death and serious long-term Covid illness. But nothing in Johnson’s reckless life suggests any precautionary DNA in his selfish genes.”


The Guardian (September 4)

2020/ 09/ 06 by jd in Global News

“Donald Trump is the most repellent individual ever to have sought, let alone won, the presidency of the United States. The latest proof comes in a quadruple-sourced account of Trump describing US troops who died for their country as ‘losers’ and ‘suckers.’” But it’s not just what he says. The nation’s economy now “lies in tatters, racked by mass unemployment. And yet, despite that record of lethal failure, this inadequate, malignant man still has the support of 42% of the American people.”


Plain Dealer (September 3)

2020/ 09/ 04 by jd in Global News

“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.”


Chicago Tribune (August 27)

2020/ 08/ 28 by jd in Global News

“The middle of a horrendous recession is an odd time to boast about your stewardship of the economy. But it fits with Trump’s habit of taking credit for anything that goes right while taking no responsibility for any bad news.”


Financial Times (August 15, 2020)

2020/ 08/ 17 by jd in Global News

“Forecasters least understand what is going on, and so make their biggest errors, when an economy is hit by a shock that is both novel and large. The coronavirus pandemic is both.”


Washington Post (August 11)

2020/ 08/ 12 by jd in Global News

“If the economy is in a rut, the party in power usually tries to maximize the power of incumbency to improve conditions before an election,” but these are strange times. “This White House and the current Senate Republican majority… are doing everything in their power to minimize or even prevent a stimulus deal.” Perhaps “Trump still does not understand he has wrecked the economy.” Come November, it looks like “he and a whole lot of Republicans are going to join the list of the unemployed.”


LA Times (August 4)

2020/ 08/ 06 by jd in Global News

“There are growing glimmers of hope that California’s surge in coronavirus cases could be peaking—but don’t expect the pandemic-shattered economy to share much of this progress in the short term.” For the first time in three months, California’s new cases went down, decreasing 9% to 59,697 for the week.


Washington Post (July 31)

2020/ 08/ 02 by jd in Global News

“The second quarter GDP report confused many, but any way you slice it, the economy saw its worst quarter in at least 145 years.” A key sentence read “Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020.” That figure is annualized and seasonally adjusted. For the quarter alone, it was a drop of 9.5 percent, “still the worst since at least 1875.”


New York Times (July 16)

2020/ 07/ 18 by jd in Global News

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.”


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