Tag Archives: Economy

Economy: Why U.S. Job Recovery Is Different From Other Countries

The U.S. unemployment rate shot up faster than in any other developed country during the pandemic. WSJ explains how differences in government aid and labor-market structures can help predict how and where jobs might recover.

Video/Illustration: Jaden Urbi/WSJ

Morning News Podcast: Congress Debates Relief Package, Covid-19 In 40 States & Portland Police

NPR Up First podcastLawmakers are back on the hill negotiating the next trillion dollar relief package for the struggling economy. Meanwhile, COVID-19 cases surge in 40 states. Finally, an update on the clash between protesters and police in Portland, Oregon.

Morning News: Testing Buildings For Covid-19, Small Firms & Visas

Axios TodayBuildings are getting tested for coronavirus, too. Research teams in Oregon are conducting real-time coronavirus tests on ventilation systems in buildings that could be essential for returning to the office or school.

  • Plus, small businesses are facing an existential threat.
  • And, in a rare move, the Trump administration rescinds a recent guideline that would have sent hundreds of thousands of international students packing.

Guests: Axios’ Joann Muller, Dion Rabouin, and Mike Allen.

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Political News: “Shields & Brooks” On Reopening The Economy, Joe Biden (PBS)

Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week in politics, including President Trump’s call to reopen houses of worship despite the pandemic, controversial comments from Trump and former Vice President Joe Biden, public opinion on reopening the country, the battle over mail-in voting and Trump’s firing of inspectors general.

Business: “Understanding The Economic Impact Of Covid-19” (Harvard)

 

Predicting the path ahead has become nearly impossible, but we can speculate about the size and scale of the economic shock. Economic contagion is now spreading as fast as Covid-19 itself. Social distancing, intended to physically disrupt the spread, has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession.

Predicting the path ahead has become nearly impossible, as multiple dimensions of the crisis are unprecedented and unknowable. Pressing questions include the path of the shock and recovery, whether economies will be able to return to their pre-shock output levels and growth rates, and whether there will be any structural legacy from the coronavirus crisis.

This Explainer explores several scenarios to model the size and scale of the economic shock and the path ahead.

Based on the HBR article by Philipp Carlsson-Szlezak, Martin Reeves and Paul Swartz

Economy: “The U.S. Is Racking Up Debt. Will It Be a Problem?” (WSJ Podcast)

The Journal WSJ PodcastsThe federal government is spending big to combat the economic damage of the coronavirus crisis, and federal debt has climbed to record levels. 

WSJ’s Jon Hilsenrath explains the debate over the impact of all that debt.

 

Political News: “Shields & Brooks” On Joe Biden, Reopening The Economy

Syndicated columnist Mark Shields and New York Times columnist David Brooks join Judy Woodruff to discuss the week’s news, including former Vice President Joe Biden’s new public denial of a sexual assault allegation against him, congressional action in response to the COVID-19 pandemic and where the country stands on lifting business restrictions and stay-at-home orders.