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Coronavirus cases in the U.S. now exceed China. How can you choose between saving the U.S. economy and saving lives?

‘It’s appalling to attach a dollar number to a human life — for noneconomists,’ said Colin Camerer, a professor of behavioral finance and economics......»»

Category: topSource: marketwatchMar 26th, 2020

‘It’s a very difficult trade-off.’ How can you choose between saving the U.S. economy from coronavirus and saving lives?

‘It’s appalling to attach a dollar number to a human life — for noneconomists,’ said Colin Camerer, a professor of behavioral finance and economics......»»

Category: topSource: marketwatch11 min. ago

Coronavirus has killed over 1,000 Americans. How do you choose between saving the U.S. economy and sparing lives?

President Trump warns of ‘suicides,’ and Bill Gates talks of ‘pile of bodies,’ but they’ve both touched upon an economic term known as the Identifiable Victim Effect......»»

Category: topSource: marketwatchMar 26th, 2020

How can you choose between saving the U.S. economy and saving lives?

‘It’s appalling to attach a dollar number to a human life — for noneconomists,’ said Colin Camerer, a professor of behavioral finance and economics......»»

Category: topSource: marketwatch8 hr. 56 min. ago

32 prominent economists from both parties just signed a letter arguing that saving lives from coronavirus would also save the economy

REUTERS/Jonathan Ernst Thirty-two p.....»»

Category: topSource: businessinsiderMar 25th, 2020

India"s Prime Minister has put the country"s 1.3 billion people on lockdown: "It will have a huge economic cost but this is necessary for saving human lives"

Sanjay Kanojia/AFP via Getty Images India has reported 519 coronavirus cases and 10 deaths. Prime.....»»

Category: topSource: businessinsiderMar 24th, 2020

Key Words: Fox News political analyst on saving the U.S. economy over people’s lives: It’s ‘entirely reasonable’

Texas Lt. Gov. Dan Patrick, in a controversial take earlier this week, said that plenty of seniors would be willing to sacrifice their lives in order to preserve the economy for their grandchildren. Hume doesn’t disagree......»»

Category: topSource: marketwatchMar 25th, 2020

Project Syndicate: Government action must be laser-focused on the health crisis and on saving lives and livelihoods

The government’s counterattack against the coronavirus should be viewed as an unprecedented form of short-term systemic insurance for our lives and livelihoods......»»

Category: topSource: marketwatchMar 24th, 2020

Factbox: Latest on the spread of the coronavirus around the world

The world's richest nations poured unprecedented aid into the global economy as coronavirus cases ballooned in the new epicentre, Europe, with deaths in Italy outstripping those in mainland China, where the virus originated......»»

Category: topSource: reutersMar 20th, 2020

Coronavirus deaths in Italy overtake China as economic damage mounts

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated......»»

Category: topSource: reutersMar 19th, 2020

Rich world pumps aid as coronavirus deaths in Italy overtake China

The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicentre Europe, with the number of deaths in Italy outstripping those in mainland China where the virus originated......»»

Category: topSource: reutersMar 19th, 2020

Rich world pumps aid to fight coronavirus, epicentre Europe reeling

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic's point of origin, China......»»

Category: topSource: reutersMar 19th, 2020

Oil prices dive to lowest in over a year on coronavirus fears

Oil prices tumbled for a fifth day on Thursday to their lowest since January 2019, as further novel coronavirus cases outside China fanned fears that a pandemic could slow the global economy and erode demand for crude......»»

Category: topSource: reutersFeb 27th, 2020

Oil prices slide for fifth day to lowest in a year as virus fears grow

Oil prices plunged more than 4% on Thursday, down for a fifth day to their lowest since January 2019 as more new coronavirus cases outside China fed fears of a pandemic that could slow the global economy and dent demand for crude......»»

Category: topSource: reutersFeb 27th, 2020

Oil prices fall for fifth day to lowest in a year

Oil prices fell 2% on Thursday, plunging for fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fuelled fears of a pandemic that could slow the global economy and dent demand for crude......»»

Category: topSource: reutersFeb 27th, 2020

Oil falls for fifth day on demand concerns as coronavirus spreads

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand......»»

Category: topSource: reutersFeb 27th, 2020

Oil falls for fifth day as coronavirus spreads outside of China

Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand......»»

Category: topSource: reutersFeb 26th, 2020

US economy takes hit in wake of coronavirus spread

The CDC has issued a warning that the U.S. could see more cases as the coronavirus spreads outside of China. Kris Van Cleave reports......»»

Category: topSource: moneycentralFeb 26th, 2020

Visit Seattle: Coronavirus will hit tourism with sharp visitor declines from China, Japan, Korea

Visit Seattle says the city's tourism economy will take at least a $41.6 million hit, but that amount could increase if the outbreak worsens and cases increase in South Korea and Japan......»»

Category: topSource: bizjournalsFeb 25th, 2020

Stocks tumble, oil falls, gold spikes as virus fears grip markets

Stocks across the globe fell by the most since mid-2016 on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact on the global economy......»»

Category: topSource: reutersFeb 24th, 2020

Wall St. eases, led by tech decline on mounting fears coronavirus could spread

U.S. stocks fell on Thursday, led by declines in technology heavyweights, after reports of new coronavirus cases in China and other countries intensified fears over its spread and impact on the global economy......»»

Category: topSource: reutersFeb 20th, 2020