And here's another article:
Coronavirus: The economic cost is rising in China and beyond - BBC News
The human cost of the coronavirus outbreak is climbing across China and beyond. The economic cost is also mounting, mainly, but not only, in China.
That damage is, for the most part, not due to the virus itself so much as efforts to prevent it spreading.
There are strict restrictions on moving out of Wuhan, where the outbreak began, a city with a population of 11 million.
The lockdown, also now extended to other parts of Hubei province, prevents business-related travel as well as the movement of goods and workers.
Investing in rail - Why HS2 should go ahead | Leaders | The Economist
Britain's big problem is that, because it has built no new high-speed lines, it runs fast intercity trains on the same track as slow commuter ones. Long gaps have to be left between slow and express trains. The need to make way for high-speed trains thus limits the number of commuter services, and vice versa.
Eight years ago, the government decided to rectify this by building a new 345-mile railway from London to the north of England. Though branded as High Speed 2, its principal job was to boost capacity rather than speed. At the time, this newspaper argued against it. Although we supported the idea of investment in train capacity, we believed that there were better projects to spend money on than HS 2.
Buttonwood - The culture wars between economists and markets practitioners | Finance and
S HOVE HARD and any group can be sorted into contrasting stereotypes: larks and owls; thinkers and doers; conservatives and progressives. Shove again (or simply stir), and you have the makings of a clash. There is a culture war of this kind even in finance. The two bickering tribes are economists and practitioners, such as traders and fund managers. Economists use formal models based on theory. They are rigorous, sometimes to the point of pedantry.
Who is right? Everybody likes to think they exhibit the best attributes of both schools—the rigour of the economist and the market-smarts of the practitioner. In fact they may borrow the worst habits from each. So, allow Buttonwood to walk into the trap that has been set for him: both camps are wrong.
Quite a lot has been going on:
Viral injections - Companies warn of an economic crisis as China battles coronavirus | Finance
R ARELY HAVE plans in China fallen apart so swiftly and so publicly. On January 12th the leaders of Hubei declared that the province's GDP would grow by 7.5% this year. They made no mention of a new virus fast spreading through its towns and cities. But less than two weeks later it could not be ignored. They placed the province under quarantine, hemming in over 50m people and rendering this year's flashy growth target almost certainly unreachable.
The lurch from confidence to anxiety has echoed throughout China. In the months before the coronavirus outbreak, the stockmarket had rallied and businesses had been upbeat, not least because China and America had struck a trade deal. But optimism has crumbled as officials have begun to fight the epidemic.
Ask a Doctor (of Economics) About Coronavirus - WSJ
Figuring out what the economic impact of the coronavirus outbreak will be is both a necessary and, at the moment, potentially futile exercise.
Economic volatility is at a record low: Morning Brief
As Morning Brief readers know , the length of any expansion ( or bull market ) is not a reason to fear this run coming to an end.
But if there is one thing that defines this post-crisis expansion, it might be the lack of volatility we've seen in the economy. And expansion is now prompting investors and economists to ask whether our old assumptions about economic cycles need to be re-visited.
Later this morning, investors will get the latest jobs report . This data is expected to show that January was another solid month for the U.S. labor market — economists expect 163,000 jobs were created with the unemployment rate holding at 3.5%.
Contagion effects - What the coronavirus means for financial markets | Finance and economics |
This article appeared in the Finance and economics section of the print edition under the headline "What the coronavirus means for financial markets"
Happening on Twitter
In Ohio, robot shuttles are leading the way to modern city transit https://t.co/M3U4DJeQME business (from New York and the World) Wed Feb 05 11:03:12 +0000 2020
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