Or, should it tout early-childhood education or bash public financing of sports facilities? What of a Fed Chair testifying to Congress in favor of a specific tax bill?
Such questions arise from Dallas Fed President Robert Kaplan's advocacy of masks as quoted in the July 17 Washington Post: "We're confident that masks work, and if you want to reopen the economy faster, you want to get people back on planes and in stores.… Part of my job, I believe, is to call it out."
Were you following this:
Paul Krugman: Republicans keep flunking microbe economics - The Salt Lake Tribune
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In particular, he insists on letting gyms — closed spaces full of people huffing and puffing — stay open. Why? Because "if you are in good shape, you have a very low likelihood of ending up in a significant condition."
Take the insane resistance to wearing masks. Some of this is about insecure masculinity — people refusing to take the simplest, cheapest of precautions because they think it will make them look silly. Some of it is about culture wars: Liberals wear masks, so I won't. But a lot of it is about fetishization of individual choice.
Australia braces for its first economic update since coronavirus outbreak
Among the expected announcements on Thursday will be a review of the government's "JobKeeper" wage subsidy scheme – which allows eligible employers to receive $1,500 ($1,050 USD) per employee per fortnight. The measure was well received by domestic businesses and protected jobs, but will likely cost the federal government $70 billion before it expires in September.
"The outlook right now is better than what we feared earlier this year, and some of the costings that we made for some programs like JobKeeper at the beginning, turned out to be less costly than initially anticipated," Cormann said.
America’s hidden economic crisis: Widespread wage cuts - POLITICO
Employers are using pay cuts to stay afloat during the recession, an unusual move that could signal deep damage to the labor market.
A woman walks past empty tables at a restaurant in Miami Beach, Fla. on Sunday, July 12. | Lynne Sladky/AP Photo
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Millions of Americans who managed to hold onto their jobs amid the coronavirus pandemic have seen their incomes drop as employers slashed wages and hours to weather what they expected to be a short-term shutdown.
While you're here, how about this:
Economic Recovery Is Under Way but Fighting Flare-Ups Is Key - WSJ
Countries' freshest economic-growth figures, to be released in coming weeks, are likely to show the global economy entered a recession in the first half of this year and shrank in the second quarter at the fastest peacetime rate since modern records began after the Great Depression.
Five charts illustrating U.S. economic trends amid coronavirus
States are taking differing approaches to reopening and closing. States including Colorado and Alabama have instituted mask mandates as Nevada and Michigan are among those who have closed bars to curb the spread of the coronavirus.
These five charts illustrate trends in important industries that help track reopening progress in the U.S.
Data from Apple 's navigation tool, Maps, shows a rebound for walking and driving directions after a dip last week. Compared to last week, walking and driving both increased, bringing them nearly back to the summer high seen in late June. Requests for both are still above pre-pandemic levels, as they have been for most of the pandemic. Transit directions has stayed nearly the same as past weeks at below pre-pandemic levels, but this week saw this slight increase over last week.
Real World Economics: Consensus can be found on key election issues — among economists
These days, both the general public and the subset who actually vote and are informed, pay little attention to what economists say.
It was different in the 1960s to the 1980s, when Nobel laureates Milton Friedman and Paul Samuelson wrote alternating-week columns for Business Week and frequent op-eds elsewhere. Both had the rare gift among academics of explaining complex issues to ordinary folks.
Today, Nobelist Paul Krugman continues to write. But the public is so sharply divided that only devotees of similar mind read him.
Syria votes for new parliament amid war, economic woes | News | Al Jazeera
Syria held parliamentary elections across government-controlled areas of the country on Sunday, as President Bashar al-Assad marks 20 years in power amid a continuing war and deep economic woes.
More than 2,000 candidates, including businessmen under recently imposed US sanctions, are running in the legislative election - the third since the start of the 2011 protests and ensuing civil war.
The elections, originally scheduled for April, have been postponed twice due to the coronavirus pandemic.
Happening on Twitter
What DJ Screw is about: A DJ that plays the real, reaching out to all races around the world who support Rap music. https://t.co/MKhg5ZaT1z fattonyrap (from Third Ward, Houston, Texas) Sat Jul 18 21:32:13 +0000 2020
ANY Democrat running to the right of a environmentalist like Ed Markey should have no peace online or in the real w… https://t.co/U4koXoeISp daveanthony (from los angeles) Sun Jul 19 18:58:12 +0000 2020
an interviewer called out Trump's lies in real time! And the world didn't end! https://t.co/ome4gE5jx4 EricSchultz (from Washington, DC) Sun Jul 19 15:08:27 +0000 2020
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