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The Plain Dealer (July 1)

2020/ 07/ 02 by jd in Global News

“Ohio experienced a decrease in the mortality rate for the coronavirus over the past three months” as more new infections are attributed to young people. That’s not the only reason, however, as the mortality rate for those over 60 has dropped from 23% in April to 7.4% in June. Factors likely include “earlier testing for the virus and steroid treatments that have helped hospitalized patients.”

 

Washington Post (May 13)

2020/ 05/ 14 by jd in Global News

As countries around the world “explore ways to end stay-at-home orders, countries that had already opened up are closing down again after renewed spikes in infections. Lebanon on Tuesday became the latest country to reimpose restrictions after experiencing a surge of infections, almost exactly two weeks after it appeared to contain the spread of the virus and began easing up.”

 

Reuters (April 29)

2020/ 05/ 01 by jd in Global News

“There’s an end to everything except, apparently, central bankers’ creativity. Virus-damaged economies will need lots of help to heal, and more downturns are inevitable in the future. The monetary-policy bigwigs will keep coming up with more new ways to stimulate growth.” The Fed and BoE may “eventually overcome their aversion to negative interest rates” and/or “copy Bank of Japan chief Haruhiko Kuroda’s yield-curve control policy of targeting specific levels for 10-year government bond yields.”

 

Wall Street Journal (April 16)

2020/ 04/ 18 by jd in Global News

“Can we please stop talking about “reopening” the U.S. economy?… There is no on-off switch. Swaths of the economy—restaurants, travel, retail shops—were already shrinking before governments ordered them shut, because people were afraid to dine, travel or shop. These fears will abate gradually, with the pace dictated by the course of the virus, not by anybody’s decree.”

 

Seeking Alpha (April 6)

2020/ 04/ 08 by jd in Global News

Recovery is not just a matter of overcoming the virus. In fact, the world faces an overhanging economic challenge. “We’re likely in the later stages of a global debt supercycle. The sheer amount of debt in the world makes temporary income disruptions a lot more financially impactful than they would be in a system with less leverage. As of 2019, global debt surpassed $250 trillion, which is more than 250% of the world’s GDP.”

 

New York Times (March 17)

2020/ 03/ 20 by jd in Global News

The U.S. economy is shutting down “as pandemic measures take hold. The fast-spreading virus has put an end to movies, date nights and other economic activity, prompting some economists to call a U.S. recession.” By Monday, “it was clear everywhere that most of the American economy was grinding to an unparalleled halt and would remain that way for months.”

 

New York Times (March 13)

2020/ 03/ 15 by jd in Global News

“China bought the West time. The West squandered it.” In the U.S. and Europe, the attitude has largely “been bizarrely reactive, if not outright passive… governments in those regions have let pass their best chance to contain the virus’s spread.” Why did “so many countries watch the epidemic unfold for weeks as though it was none of their concern?”

 

Washington Post (March 10)

2020/ 03/ 11 by jd in Global News

The lack of candor “is now causing confusion and panic as Trump and his political lieutenants paint a picture of the spreading coronavirus that is utterly at odds with what the nation’s public health experts are saying…. As global markets plunged on Monday and the virus continued its inexorable spread, Trump continued comparing the virus to the ‘common Flu,’ during which ‘nothing is shut down.’”

 

Bloomberg (March 7)

2020/ 03/ 08 by jd in Global News

“A second hit could be coming for China’s economy after its initial shock from the coronavirus…. While China has seen new cases of the virus slow,” growing cases in “the U.S. and Europe…could knock a half percentage point off of China’s gross domestic product for the year as demand for Chinese goods slows.”

 

Time (February 9)

2020/ 02/ 11 by jd in Global News

“Of all of the things that distinguish 21st century humanity from that of earlier eras, it’s our growing state of interconnectedness that has the greatest impact on disease spread. In 2019, there were some 40 million commercial flights worldwide, carrying about 4.7 billion passengers. For a virus, that’s the equivalent of 4.7 billion dandelion spores, each a potential carrier of its DNA, drifting to wherever the air-travel currents blow them.”

 

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