Friday, March 6, 2020

Women in Economics | VOX, CEPR Policy Portal

Distinguished Professor of Economics and Leonard Broom Professor of Demography, University of California Santa Barbara

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Not to change the topic here:

The glass-ceiling index - Go north, young woman | Business | The Economist

T O MARK International Women's Day on March 8th we have updated our glass-ceiling index, which ranks 29 countries on ten indicators of equality for women in the workplace: educational attainment, labour-force participation, pay, child-care costs, maternity and paternity rights, business-school applications, and representation in senior positions in management, on company boards and in parliament. East Asian women face a ceiling that appears to be made of bulletproof glass.

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This article appeared in the Business section of the print edition under the headline "The glass-ceiling index"

Publisher: The Economist
Twitter: @TheEconomist
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Economics in the Time of COVID-19 | VOX, CEPR Policy Portal

COVID-19 may be as contagious economically as it is medically. This eBook addresses some key questions: How, and how far and fast, will the economic damage spread? How bad will it get? How long will the damage last? What are the mechanisms of economic contagion? And, above all, what can governments do about it?

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9 As coronavirus spreads, can the EU afford to close its borders?
Raffaella Meninno and Guntram Wolff

Professor of International Economics at The Graduate Institute, Geneva; Founder & Editor-in-Chief of VoxEU.org; exPresident of CEPR

Date: https://voxeu.org/content/economics-time-covid-19
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Covid-19 - The right medicine for the world economy | Leaders | The Economist

I T IS NOT a fair fight, but it is a fight that many countries will face all the same. Left to itself, the covid-19 pandemic doubles every five to six days. When you get your next issue of The Economist the outbreak could in theory have infected twice as many people as today. Governments can slow that ferocious pace, but bureaucratic time is not the same as virus time. And at the moment governments across the world are being left flat-footed.

Wherever the virus takes hold, containing it and mitigating its effects will involve more than doctors and paramedics. The World Health Organisation has distilled lessons from China for how health-care systems should cope (see Briefing ). The same thinking is needed across the government, especially over how to protect people and companies as supply chains fracture and the worried and the ill shut themselves away.

Publisher: The Economist
Twitter: @TheEconomist
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This may worth something:

Josh Bivens on Coronavirus Economics, Mandy Smithberger on Military Economics | FAIR

Also on the show: Economics may not be the most meaningful lens through which to look at US war-mongering. But Pentagon spending is a keyhole to the bigger crisis: a Defense Department that, in cahoots with military contractors, takes trillions of public dollars for endless war-making, with no meaningful check or even oversight. We talk about that with Mandy Smithberger, director of the Center for Defense Information at the Project on Government Oversight.

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Publisher: FAIR
Date: 2020-03-06
Author: https fair org author janine jackson
Twitter: @FAIRmediawatch
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Free exchange - Commodity economies face their own reckoning due to covid-19 | Finance and

T HE REWARD for providing the world economy with the raw materials it needs to grow is perpetual vulnerability. The hyperglobalisation of recent decades, and the associated Chinese growth miracle, yielded large benefits to commodity producers of all sorts. Now, as the shock of the covid-19 pandemic works its way through the world's new, tangled economic plumbing, commodity-dependent economies find themselves exposed.

Managing a commodity-based economy is never easy. When prices rise, governments must worry about excessive spending and financial risk-taking. When they fall, budgets bust and foreign investors take flight, even as the need for domestic spending and easy credit grows. Commodity exporters have faced more bad times than good of late.

Publisher: The Economist
Twitter: @TheEconomist
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U.S. Added 273,000 Jobs Last Month, But Economists Brace For Coronavirus Impact : NPR

Employers continued to add jobs in February, and the unemployment rate remained near historic lows. Brian Snyder/Reuters hide caption

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Fear of the coronavirus doesn't appear to have infected the U.S. job market yet, despite sending shivers through Wall Street.

A new report from the Labor Department says employers added 273,000 jobs in February — the same as in January. The February increase was about 100,000 more than private analysts had forecast. The unemployment rate dipped to 3.5%, matching a 50-year low.

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Publisher: NPR.org
Date: 2020-03-06
Twitter: @NPR
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How to revive the world economy - A recession is unlikely but not impossible | Finance and

Then there are nasty spillovers. Both companies and households will face a cash crunch. Consider a sample of 2,000-odd listed American firms. Imagine that their revenues dried up for three months but that they had to continue to pay their fixed costs, because they expected a sharp recovery. A quarter would not have enough spare cash to tide them over, and would have to try to borrow or retrench. Some might go bust.

Many workers do not have big safety buffers either. They risk losing their incomes and their jobs while still having to make mortgage repayments and buy essential goods. More than one in ten American adults would be unable to meet a $400 unexpected expense, equivalent to about two days' work at average earnings, according to a survey by the Federal Reserve. Fearing a hit to their pockets, people could start to hoard cash rather than spend, further worsening firms' positions.

Publisher: The Economist
Twitter: @TheEconomist
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