My friend Evelyn is an immigration lawyer, and she recently had a meeting at a foreign consulate in downtown San Francisco. (Her work makes it hard for her to talk to reporters, so we're not using her last name). As she walked toward the building's metal detectors, the security guards told her she couldn't bring her backpack in, so she had to leave. She worried this would make her late, so she frantically began searching for a safe place to stash it.
Evelyn ducked in under the door and noticed a guy in workout clothes conducting a training and a small group of other guys in the back using exercise machines. They looked "more lean, fancy fit than roidy, bro fit," she says. Evelyn was dressed in a work suit — you know, like the Feds — and startled everyone as she came in. She sheepishly explained she just needed a place to store her backpack, which put them at ease.
While you're here, how about this:
'We're losing an entire generation of scientists.
Students protest against a cut in the education budget at the Central University of Ecuador on 5 May.
Science ' s COVID-19 reporting is supported by the Pulitzer Center and the Heising-Simons Foundation.
As the COVID-19 pandemic surged across the United States and Europe in February, scientists at Mexico's Center for Research and Advanced Studies (Cinvestav) sprang into action. They quickly converted one of their research labs into a diagnostic clinic, and by mid-March, as cases began to mount in Mexico, they had launched seven other COVID-19–related projects.
Fed Officials Warn Pandemic Response Is Hobbling Economic Rebound - WSJ
Federal Reserve officials said a recent slowdown in U.S. economic activity was likely to persist because of difficulties states have encountered in suppressing the coronavirus pandemic, which could require more government spending to support the economy.
U.S. Sees Housing Boom Amid Economic Crisis : NPR
Most of the U.S. economy is in decline due to the COVID-19 pandemic, but home sales are skyrocketing at a record pace. NPR's The Indicator from Planet Money discusses the boom.
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So if you look at the state of the economy, you might assume that the housing market is a mess. That, though, is not true. Stacey Vanek Smith and Cardiff Garcia, who host our podcast The Indicator, talked to the CEO of Redfin about a surprising housing boom.
STACEY VANEK SMITH: Glenn Kelman has been the CEO of Redfin for 15 years. And he says for all that time, people looking for a home always put this one thing as their top priority.
This may worth something:
China's Xi Speeds Up Inward Economic Shift - WSJ
For decades, Chinese leaders embraced foreign investments and exports to power China's economy. Now, with the world in recession and U.S.-China tensions deepening, President Xi Jinping is laying out a major initiative to accelerate China's shift toward more reliance on its domestic economy.
What Economists Fear Will Happen Without More Unemployment Aid | FiveThirtyEight
A sudden uptick in food insecurity. A wave of evictions. People spending less money at shops and restaurants. More job losses.
Average chance that each of the following scenarios will be more likely to occur if federal unemployment aid isn't at least partially renewed by Sept. 1
How much weight economists gave various scenarios when setting the lower bound of their GDP predictions for the fourth quarter of 2020
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"Clearly the survey participants see the federal UI supplement as being highly critical to the growth path of the economy for the remainder of 2020," said Allan Timmermann , a professor of finance and economics at the University of California, San Diego, who has been consulting with FiveThirtyEight on the survey.
Britain's Economic Recession: Worse Than in Europe and North America - The New York Times
The reasons for the severe downturn in the second quarter include an economy that relies more heavily than most on consumer spending and a longer national lockdown than its neighbors.
"A few months ago, I said hard times are coming and today's figures show hard times are here," Rishi Sunak, Britain's top finance official, said on Wednesday.
Economic output declined by 20.4 percent from April to June, compared with the previous quarter, official preliminary statistics showed on Wednesday. It's the worst recession since the government started keeping records in 1955 and takes the British economy back to the size it was in 2003. The fall in gross domestic product was twice as large as in the United States and Germany.
Valence, the site dedicated to increasing economic opportunity for the Black community, raises
Valence, the Los Angeles-based online community dedicated to increasing economic opportunity for the Black community, has raised $5.25 million in financing as it looks to continue to expand its network for Black professionals in all fields.
The timing for the investment is critical as the country reckons with the implications and effects of systemic racism. In no field is the under-representation of Black professionals more deeply felt than the tech industry, where lack of diversity can have profound implications on products and services that are becoming increasingly central to large swaths of the economy.
Happening on Twitter
When kettlebells are outlawed, only outlaws have kettlebells. Pandemic rules have provided a reminder that when a… https://t.co/vGJ4bBwV7I NPR Tue Aug 11 15:12:43 +0000 2020
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