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July 2020
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Bloomberg (July 3)

2020/ 07/ 05 by jd in Global News

“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)

2020/ 06/ 26 by jd in Global News

“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.”


Foreign Policy (June 22)

2020/ 06/ 22 by jd in Global News

“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.”


New York Times (June 17)

2020/ 06/ 19 by jd in Global News

“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?”


Washington Post (June 12)

2020/ 06/ 15 by jd in Global News

“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.”


Responsible Investor (June 9)

2020/ 06/ 11 by jd in Global News

“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.”


Houston Chronicle (June 8)

2020/ 06/ 09 by jd in Global News

“The coronavirus pandemic and the unprecedented plunge in energy demand has forced oil companies to shut down wells by the thousands, providing another test of a shale industry that restored the U.S. as a leading global producer and spurred Houston’s economy for more than a decade.”


Washington Post (June 5)

2020/ 06/ 06 by jd in Global News

“The Republican Party is full of people with no delusions about what an abominable president Trump is, but who see abandoning him as career suicide.” But a flood of defections may be nearing as they look for “a tipping point in their state or district when continuing to support Trump will become more politically risky than abandoning him. For some it may come fairly soon, since his disastrous failure to control the pandemic has now been followed by a widely condemned reaction to the protests against police brutality.”


The Guardian (June 3)

2020/ 06/ 05 by jd in Global News

Covid-19 has not given Boris Johnson “the Churchillian moment that he imagined. It has proved too big for him.” Both “personally and politically, Johnson has had a bad pandemic. This is not what he thought being prime minister would be like.” At this point, Johnson just wants to wash his hands of Covid-19 and “get back to being the leader of Brexit Britain.”


Chicago Tribune (June 2)

2020/ 06/ 04 by jd in Global News

“What do you say to a city whose residents, livelihoods and sense of security have been pummeled by the coronavirus pandemic and then civil unrest and mass looting? You say that Chicago is up to the challenge and must move forward. You say: Reopen and rebuild…. This resilient city will recover again.”


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