Fed’s Rosengren Says Patchy Pandemic Response Threatens Economic Recovery

Eric Rosengren, president of the Boston Federal Reserve, said Wednesday that insufficient state-level measures to contain COVID-19 not only put lives at risk but are also likely to sap the strength of the economic rebound. “Limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens […]

UK Becomes the World’s Worst Hit Major Economy in Pandemic

The UK economy recorded a record fall of 20.4 percent between April and June, the largest contraction reported by any major economy so far during the CCP virus pandemic. The dismal second quarter results follow a fall of 2.2 percent during the first quarter, plunging the UK into a technical recession, according to official figures […]

Germany’s COVID 19 Comeback Story

By Holger Schmieding
Germany looks at a solid, but uneven economic rebound from the pandemic, largely based on a pronounced home bias in economic activity.
Germany looks at a solid, but uneven economic rebound from the pandemic, largely based on a pronounced home bias in economic activity.
The post Germany’s COVID 19 Comeback Story appeared first on The Globalist.

Violence Against Women and COVID 19

By César Chelala
In formulating their COVID 19 responses, governments, NGOs and the private sector need to be far more sensitive to the special risks women face.
In formulating their COVID 19 responses, governments, NGOs and the private sector need to be far more sensitive to the special risks women face.
The post Violence Against Women and COVID 19 appeared first on The Globalist.

Surge In Number of Americans Moving In With Older Family Members Amid Pandemic: Fed Study

Researchers at the Federal Reserve have noted a surge in the number of Americans moving in with older family members during the pandemic, with the shift impacting certain demographics more sharply than others. “The COVID-19 pandemic has profoundly affected the living arrangements of millions of Americans,” said Daniel Garcia and Andrew Paciorek, authors of the […]

1.2 Million Americans File Jobless Claims as Businesses Keep Slashing Jobs Amid Pandemic

The number of American workers filing initial unemployment claims has come in at over 1 million for the 20th straight week, suggesting that despite green shoots in the economy, the dynamics of recovery continue to be clouded by uncertainty. The Labor Department said in a release (pdf) Thursday that nearly 1.2 million laid-off Americans applied […]

White House Warns: No Pandemic Relief Deal If Agreement Isn’t Made by Friday

White House chief of staff Mark Meadows on Wednesday warned there likely won’t be a COVID-19 relief package deal if the parties involved don’t come to an agreement on Friday. “I think at this point we’re either going to get serious about negotiating and get an agreement in principle or I’ve become extremely doubtful that […]

Beijing Prison Takes Extreme Measures to Prevent Information Leaks

Beijing Women’s Prison is shrouded in secrecy. Its location won’t show up on a navigation system. The prison has been locked down since the COVID-19 outbreak affected many Chinese prisons early this year. Prisoners and guards have been kept silent to prevent any information from leaking out. Inside sources have described the prison as “hell […]

Executive Action Possible as Negotiations Continue on Next Virus Relief Bill

President Donald Trump could take executive action on virus relief amid little progress on negotiations between Republicans and Democrats, administration officials said. “Absolutely,” Treasury Secretary Steven Mnuchin told reporters in Washington on Tuesday afternoon about the prospect of action by Trump if negotiations don’t come to fruition. “Hopefully we’ll make progress today and not have to […]