Lawmakers 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.
Tag Archives: Economy
Morning News: Testing Buildings For Covid-19, Small Firms & Visas
Buildings 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.
The Economy: “What Will The Recovery Look Like?”
Economists have long used letters of the alphabet like V and U to describe economic recoveries. But the coronavirus downturn is so different from past recessions that economists are coming up with new shapes to describe the potential recovery. WSJ explains.
Illustration: Jacob Reynolds
Infographic: “The Economics Of U.S. Healthcare” In 2020
Health Infographic: “The Wide Impact Of The Covid-19 Lockdown” (BMJ)
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 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.
Reopening The Economy: “What The Year Ahead Might Look Like” (NY Times)
Donald G. McNeil Jr., a science and health reporter for The New York Times, discusses how the Coronavirus lockdown might end what it would look like.
While the economy is likely to reopen slowly, there is hope that society will adapt to manage the uncertainty of our new circumstances. Here’s what experts say the next year (or more) will look like.
Boomers Daily 