Editor's note: This is an excerpt of Planet Money 's newsletter. You can sign up here .
COVID-19 has been a massive disaster. But it has also been like a massive natural experiment. During the last nine months, we've learned a lot about the coronavirus, its economic effects and effective interventions to help manage the pain of another wave. So we decided to sum up some of the economic research.
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Markets focusing on US economic stimulus as dollar steadies against most major currencies | Fox
TOKYO - The U.S. dollar steadied against most major currencies on Thursday as U.S. stimulus talks remained the focus for markets with trading buffeted over recent days by the extent of progress made on the potential size of the aid package.
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The dollar index =USD was nearly flat against a basket of currencies at 92.801, having marked its lowest level since Sept. 2 overnight.
On Wednesday, the dollar weakened after U.S. President Donald Trump and House Speaker Nancy Pelosi boosted hopes an agreement on stimulus was close, sparking demand for riskier assets.
Facing Economic Devastation, Hawaii Attempts To Revive Tourism : NPR
Hawaiian Airlines jets outside Daniel K. Inouye International Airport in Honolulu. Hawaii has seen a more than 90% reduction in the number of air travelers arriving since the start of the pandemic. Ryan Finnerty/Hawaii Public Radio hide caption
Hawaii has some the highest levels of unemployment in the country. Joblessness rose to Great Depression-levels in the spring following shutdown orders that local authorities issued in March.
In addition to the business closures and restrictions on large gatherings common across the country, Hawaii was also the first state to require out-of-state travelers to quarantine upon arrival.
Mario Gabelli sees 'extraordinarily good' U.S. economic growth in 2021
Investor Mario Gabelli struck a positive note on Tuesday on the U.S. economy even as coronavirus cases in the country are on the rise.
More than 8 million coronavirus cases have been confirmed in the U.S. alone, according to data from Johns Hopkins University. A CNBC analysis also found that cases are growing by 5% or more in 35 states.
This recent infection increase comes as the latest economic data shows signs the U.S. recovery may be stalling. However, Gabelli thinks the U.S. economy will continue to recover into the new year.
And here's another article:
72% Surge In New Covid Cases Is Slowing Economic Recovery, BoA Says
After hitting a promising low in the week ending September 13, the weekly number of new coronavirus cases in the United States has surged an astonishing 72% in one month, and indicators of economic activity are already raising concerns that this could seriously hinder the economic recovery, Bank of America said in a Wednesday research note.
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With jobless claims continuing to run at recession levels, the labor market is among the most concerning indicators, Bank of America noted, and previously positive signals are now softening: Job postings on the website Indeed barely budged last week, while shift work for hourly employees fell 1%.
Regional Economic Outlook for Europe, Fall 2020
The pandemic's toll on Europe could have been much larger without the unprecedentedly strong and multifaceted response to the crisis. Across Europe, governments deployed large fiscal packages to support households and firms, with job retention programs preserving at least 54 million jobs. Central banks embarked on substantial monetary easing through both conventional and unconventional means, to support the flow of credit and prevent financial market disruptions.
Brian Kemp economic development press conference stream | 11alive.com
ATLANTA — Gov. Brian Kemp named Tift County's Development Authority president and CEO as the leader of his rural economic development "strike team" on Wednesday.
Brian Marlowe will now act as Deputy Commissioner for Rural Georgia and the leader of the strike team, Gov. Kemp announced at the State Capitol.
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In his own statement, Kemp hailed Marlowe for his "20 years spent working in rural economic development."
"With today's announcement, we are fulfilling another promise from the campaign trail to spur economic growth and opportunity in rural Georgia. With more than 20 years spent working in rural economic development, Brian's track record of locating new projects in his community, expanding existing industries, and generating opportunity in South Georgia speaks for itself," the governor said.
The GDP report next week will likely show record-breaking economic growth, but it may not help
Next week, the U.S. will get economic news like it has never seen before, reflecting growth that had seemed impossible, as it is likely that GDP will have risen by about 30% or more.
In the middle of a pandemic. In the middle of a recession. In the middle of 12.5 million unemployed people.
While the incongruity of skyrocketing growth and extreme hardship will be impossible to ignore, it will come at an opportune time for President Donald Trump . The GDP release comes Oct. 29, just five days before the presidential election.
Happening on Twitter
DAY 222. Here are the stories you need to watch out for today, October 22, 2020, amid the #COVID19 pandemic: https://t.co/TayTr9CYBN ABSCBNNews (from Manila, Philippines) Wed Oct 21 23:25:32 +0000 2020
Our Chairman Michael Jordan and @NovantHealth make an incredible team and are committed to impacting the Charlotte… https://t.co/G7X4XQYymt hornets (from Charlotte, NC) Wed Oct 21 00:06:58 +0000 2020
While it is true that people are leaving New York City amid the pandemic, President Trump's assertion that it can't… https://t.co/8vkGthT6xI nytimes (from New York City) Fri Oct 16 00:41:30 +0000 2020
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