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How do you choose between economic ‘deaths of despair’ and coronavirus victims? Economists, lawmakers grapple with a moral conundrum

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

Wall Street braces for another bleak week, with coronavirus risks amplified

Wall Street analysts and investment managers expect another rough week for U.S. markets, as coronavirus cases and deaths increase in major cities and lawmakers continue to battle over an economic aid package in Washington......»»

Category: topSource: reutersMar 22nd, 2020

Dispatches from a Pandemic: As the depths of Spain’s pandemic period appear to pass, fear emerges that the ensuing economic downturn will be nearly as traumatic

Coronavirus deaths are dropping in Spain, alongside infection rates. That’s reason to cheer, though the lockdown remains, and along with it, lessons for the U.S......»»

Category: topSource: marketwatchApr 6th, 2020

A bull"s conundrum: Rally in stocks is built on staying inside

The S&P 500 surged Monday after New York coronavirus fatalities declined for the first time, while Italy and Spain reported the fewest deaths in more than two weeks. To Peter Cecchini, investors aren’t thinking clearly enough about what it all means......»»

Category: topSource: moneycentralApr 6th, 2020

"We Have No Money": Coronavirus Slams State Taxes

"We Have No Money": Coronavirus Slams State Taxes Authored by Sophie Quinton of the Pew Trust, Economists who advise the Colorado legislature told lawmakers in mid-March to expect a roughly $800 mil.....»»

Category: blogSource: zerohedgeApr 5th, 2020

How Germany Pays Workers When Their Work Dries Up 

The state-funded German safety net known as Kurzarbeit, which keeps salaries flowing to workers even when their work has dried up, is getting renewed attention as governments around the world grapple with the economic fallout of the coronavirus p.....»»

Category: topSource: washpostApr 3rd, 2020

Capitol Report: Top Republican lawmakers maintain their opposition to ‘Phase 4’ coronavirus package

Top Republican lawmakers Kevin McCarthy and Mitch McConnell continue to sound skeptical this past week about the need for a fourth package from Washington to respond to the coronavirus pandemic and the resulting economic damage......»»

Category: topSource: marketwatchApr 3rd, 2020

Why sweetened layoff benefits may be at odds with U.S. loan program

The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books......»»

Category: topSource: reutersApr 3rd, 2020

When will U.S. economy bottom? Economists hunt for the right view

The economic crisis spawned by the coronavirus pandemic has produced a wave of grim U.S. data, with likely more to come as millions lose jobs, businesses shutter and spending stops......»»

Category: topSource: reutersApr 3rd, 2020

Trump warns U.S. could see nearly a quarter of a million deaths from pandemic

As New York navigates the coronavirus<…; crisis, Gov. Andrew Cuomo and lawmakers are trying to find their way forward on a despite uncertainty about the size of the financial toll the outbreak... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

Economists fear global recession could be long one

As New York navigates the coronavirus<…; crisis, Gov. Andrew Cuomo and lawmakers are trying to find their way forward on a despite uncertainty about the size of the financial toll the outbreak... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

This Chart Shows E-Commerce Winners, Losers During Coronavirus Pandemic

The coronavirus is not entirely indiscriminate in claiming economic victims: some companies seem much more immune than others. L.....»»

Category: blogSource: benzingaMar 31st, 2020

Top economists are deriding the "false choice" between saving lives from coronavirus and maximizing economic growth. Here"s why the situation isn"t so cut-and-dry.

Drew Angerer/Getty Images Some conservatives have suggested that the US can either save lives in the coronavirus pandemic or the ec.....»»

Category: topSource: businessinsiderMar 30th, 2020

Coronavirus pandemic could slash economic activity, OECD says

OECD economists estimated that total annual output would drop by 6 percent in the developed economies if the unprecedented containment policies implemented by governments last for three months,......»»

Category: topSource: foxnewsMar 30th, 2020

Market Snapshot: U.S. stock-index futures slump as investors keep focus on coronavirus numbers

Stock-index futures fall Sunday, pointing to a lower start for Wall Street on Monday, as the number of coronavirus cases and deaths continues to rise and investors brace for data in the week ahead expected to underline the economic toll of the pandemic......»»

Category: topSource: marketwatchMar 29th, 2020

United vows no furlough, pay cuts for employees -- for now

United Airlines Inc. said Friday it won't furlough its employees or cut their pay after lawmakers approved the $2 trillion bailout to respond to the economic fallout of the novel coronavirus, .....»»

Category: topSource: marketwatchMar 27th, 2020

Rare photos show lawmakers sitting in the House"s public gallery and using social distancing while voting on $2 trillion coronavirus relief bill

Twitter/Rep. Mary Gay Scanlon The House passed a $2 trillion stimulus package on Friday afternoon after weeks of furious negotiation on Capitol Hill about how to address the economic fallout of the coronavirus. Congressm.....»»

Category: topSource: businessinsiderMar 27th, 2020

Local resources for Birmingham small businesses affected by COVID-19

As Birmingham businesses grapple with the economic fallout from the COVID-19 coronavirus, many local organizations are stepping up to help the Magic City weather the storm.  But adapting to a fast-changing, uncertain business climate won’t be eas.....»»

Category: topSource: bizjournalsMar 27th, 2020

EU lawmakers back aid for virus-hit economy in remote vote

European Union lawmakers approved on Thursday emergency funds to cushion the bloc's economic slump triggered by the coronavirus pandemic and shore up battered airlines by preserving their landing slots......»»

Category: topSource: reutersMar 26th, 2020

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 do you choose between the economy and more virus deaths?

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: moneycentralMar 26th, 2020