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The Economist (July 4)

2020/ 07/ 06 by jd in Global News

“After many false starts, hydrogen power might now bear fruit.” However, it is more likely to “fill in the gaps, rather than dominating the economy.”


Washington Post (June 29)

2020/ 06/ 29 by jd in Global News

“The road to a successful reopening of the U.S. economy is strewn with hopeful intentions — and formidable obstacles. The biggest and most important obstacle is a surge in new coronavirus cases, which presumably will lead to more hospitalizations and more deaths as well as more firms shutting down.”


NBC News (June 9)

2020/ 06/ 11 by jd in Global News

“Stocks soar despite coronavirus and a recession. It’s time for a reality check, and a crash. Psychological factors are making markets poor gauges of the U.S. economy’s strength. We should wrench our eyeballs from the ticker tape before it’s too late.”


Jerusalem Post (June 9)

2020/ 06/ 10 by jd in Global News

“Following “a very steep increase in morbidity” in Israel, “the coronavirus cabinet decided on Monday to freeze nearly all easing of restrictions that were expected in the coming days as the number of active cases continues to climb across the country.”


Bloomberg (June 3)

2020/ 06/ 06 by jd in Global News

“A more comprehensive abdication of leadership could scarcely be imagined. America has now lost more than 105,000 people to a still-uncontrolled virus. Some 40 million are out of work, with the economy in free fall. From coast to coast, cities are burning, protests raging and chaos…. And what is the president of the United States doing amid all this? Tweeting, mostly.”


The Local Sweden (May 20)

2020/ 05/ 23 by jd in Global News

“It might be appealing to make the conclusion that Sweden has managed to keep the epidemic under control, without having to restrict individuals and businesses or pressing pause on the country’s whole economy to the same extent as elsewhere in Europe. But that would be a dangerous conclusion to draw…. What Sweden cannot teach others is how to stem the pandemic without a high human cost.”


Bloomberg (May 19)

2020/ 05/ 21 by jd in Global News

“Australia’s success in curbing Covid-19 infections is allowing it to slowly ease some restrictions even as it remains largely closed off from the rest of the world, taking its economy back to the pre-globalization era.” Stimulating domestic consumption prove essential “to drive any rebound,” but complicated by consumer worries. “Even before Covid-19, Australian households were among the most indebted in the developed world, with debt almost double disposable income.”


Chicago Tribune (May 15)

2020/ 05/ 16 by jd in Global News

The Coronavirus presents major challenges—a “wrecked economy, less office space demand, scarce financing”—to Chicago’s megadevelopments, calling in question whether many “can continue, if they’ll be pushed into the next construction cycle, or worse, go the way of the never-built Chicago Spire and Miglin-Beitler Skyneedle.”


Time (April 22)

2020/ 04/ 24 by jd in Global News

“Greece has an elderly population and a fragile economy,” but despite being a tourist mecca has somehow “escaped the worst of the coronavirus so far….with only 2,245 confirmed cases and 116 deaths as of April 21, one of the lowest counts in the European Union.” Some of this may be luck, but experts are attributing the early imposition of stringent “measures, and the way Greeks have largely abided by them.”


South China Morning Post (April 17)

2020/ 04/ 19 by jd in Global News

“China’s economy shrank by 6.8 per cent in the first quarter of 2020, the first contraction since the end of the Cultural Revolution in 1976, confirming the economic damage done by the coronavirus pandemic.” The massive contraction “was worse than predictions of minus 6.0 per cent from a survey of analysts’ forecasts by Bloomberg.”


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