Companies from major retailers and package carriers to local restaurants and hair salons are awakening to a new economic reality in the age of the new coronavirus: Being open for business is almost as hard as being closed.
Not to change the topic here:
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.
China ditches GDP target and unveils more help for economy to recover from coronavirus - CNN
Three Economic Comorbidities for the Coronavirus - WSJ
Many things are taking place:
Free exchange - Should the Fed cut rates below zero? | Finance & economics | The Economist
Y OU COULD be forgiven for supposing that the Federal Reserve has already thrown everything—kitchen fixtures included—at the covid-19 downturn. In recent months the Fed has slashed its benchmark interest rate to near zero, bought nearly $3trn in assets and launched a bevy of lending programmes. But America's central bank appears conservative in one respect.
The dire state of the world economy has economists asking whether more can be done. Central bankers weighing further rate cuts face three important questions. The first concerns the technical feasibility of more deeply negative rates. If Europe and Japan are a guide, rates in America and Britain could at least go modestly negative. Some economists, such as Kenneth Rogoff of Harvard University, suggest that with regulatory tweaks the effective lower bound on rates could be pushed much lower.
On economics, the Sangh and the PM are united - analysis - Hindustan Times
On April 26, the Rashtriya Swayamsevak Sangh (RSS) Sarsanghchalak (head) Mohan Bhagwat addressed swayamsevaks for the second time in a month. While not unusual, this time it was different. He called India’s 1.3 billion people his own. Critics may think this was just a convenient turn of phrase. But his sentiments are a true reflection of the Sangh’s thinking.
People who heard the three-day lecture series at Vigyan Bhavan two years ago will know that this is no new development. Bhagwat expressed similar thoughts in his annual Vijayadashami address as well. The Sangh considers every Indian to be a Hindu. Since this is the foundation of its thinking, then the mistakes of a few shouldn’t be seen as a reflection on society as a whole. And those who have made mistakes should accept them, and move on.
How bad are China's economic woes? - BBC News
While economists say China's economic data can't always be trusted, they now have a new dilemma - there is no data.
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That's unprecedented - the Chinese government hasn't done this since it began publishing such goals in 1990.
Abandoning the growth target is an acknowledgement of just how difficult a recovery in China will be in a post pandemic era.
And while recent figures have shown that China is on the way out of its slowdown: it's an uneven recovery.
Economic data, commodities and markets | Economic & financial indicators | The Economist
This article appeared in the Economic & financial indicators section of the print edition under the headline "Economic data, commodities and markets"
Happening on Twitter
All migrant staff in the NHS & social care during Covid must be given the right to stay indefinitely, with no fees… https://t.co/cCuErNGCJw EdwardJDavey (from Surbiton, UK) Thu May 21 13:56:33 +0000 2020
It was never right or fair that people on frontline in Covid crisis, risking their lives to care for others, should… https://t.co/H0sLyVOh7r CarolineLucas (from Brighton) Thu May 21 16:02:35 +0000 2020
UK coronavirus live: migrant care workers to be exempt from NHS surcharge after No 10 U-turn https://t.co/yY6V4JIHxv guardian (from London) Thu May 21 15:43:53 +0000 2020
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