L AST MONTH The Economist coined the term "90% economy" to describe what will happen as lockdowns are eased across the world. It depicts a more solitary and less fun sort of society—the sort of place where the office is open but the pub isn't. Analysis by Tang Jie of Peking University finds that weekday subway trips in China have recovered to a greater extent than weekend ones, suggesting that people are more prepared to travel for work than for pleasure.
Editor's note: Some of our covid-19 coverage is free for readers of The Economist Today , our daily newsletter . For more stories and our pandemic tracker, see our hub
While you're here, how about this:
Bloomberg - Are you a robot?
UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery
Uncertainty around the coronavirus pandemic's trajectory has led Mark Haefele - chief investment officer at UBS - to detail three strategies for various economic-reopening scenarios. The bank's more optimistic scenario sees the US avoiding a second wave of COVID-19 cases and reopening through June. Value and cyclical stocks would be best positioned for a faster-than-expected rebound, the CIO said. Haefele's baseline forecast pushes a return to normal economic activity into December.
No-frills education - Trust, slavery and the African School of Economics | Middle East &
A S LEONARD WANTCHEKON was having breakfast with his wife, Catherine Kossou, in 2007, she recalled how one friend could not trust anyone. Even as a child her friend would say: "That person is going to sell you," or "He will make you disappear."
The words struck a chord with Mr Wantchekon. Now a professor at Princeton University, he was born in Zagnanado in central Benin. Some of the music he listened to in his youth—such as that of Orchestre Poly-Rythmo de Cotonou—had songs that warned against trusting those close to you.
Many things are taking place:
Pop economics in the times of Covid - The Hindu BusinessLine
1. I try to hit the gym at least three to four times a week. I prefer early morning workouts. But as long as I ...
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Jottings from a train journey tell a worrisome tale of health and hygiene pitfalls, as the lockdown is set to ...
Firms reported a surge in EBITDA per tonne in Q4, thanks to higher realisations and savings on energy and ...
Lakhs of migrant workers are fleeing job losses, starvation and government apathy in locked-down cities. At ...
Iraq Turns to Neighbors to Ease Economic Strains - WSJ
RIYADH—Under pressure from low oil prices, Iraq is seeking billions of dollars in debt relief from Kuwait and moving to bolster ties with Saudi Arabia, as the coronavirus pandemic compels Baghdad to court allies that could help it stave off an economic crisis.
Finance Minister Ali Allawi, who is also deputy prime minister and acting oil minister, said he was proposing that Kuwait delay or cancel some $3 billion that Iraq owes in reparations for the 1990-91 Gulf War, when dictator Saddam Hussein burned Kuwaiti oil fields.
Coronavirus: Leading economist warns of 10 years of depression and debt - BBC News
Economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus.
Nicknamed Dr Doom for his gloomy predictions, Professor Roubini said there are some jobs that simply will not come back after this crisis.
Even if the global economy recovers this year from the impact of the coronavirus, it will be "anaemic".
He warned of "unprecedented" recession. Professor Roubini foresaw the financial crisis in 2008 before many others.
Trump economic adviser Kevin Hassett offers bleak outlook for unemployment - CNN Video
Happening on Twitter
all work and no play makes Mikey a dull boy @VinMan17 https://t.co/02dpGgoce5 mrmikeyreid (from Manhattan, NY) Sat May 23 21:29:27 +0000 2020
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