The World Health Organization has announced a new Council on the Economics of Health for All, staffed by leading economists and health experts, to put “Health for All” at the centre of how we think about value creation and economic growth.
“The COVID-19 pandemic has demonstrated the consequences of chronic under-investment in public health. But we don’t just need more investment; we must also rethink how we value health,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus, as he made the announcement on the final day of the resumed 73 rd World Health Assembly on Friday.
Quite a lot has been going on:
Economics professor to study senior citizens in the workforce
LA CROSSE, Wis (WKBT) – An area economics professor is conducting a study to examine older workers in the changing labor landscape.
John Nunley, the chair of the economics department at UW-La Crosse, recently received a $131,000 grant from the Social Security Administration to study how the changing work landscape is affecting older workers.
CRU appoints new Principal Economist
LONDON , Nov. 13, 2020 /PRNewswire/ -- CRU is pleased to announce the appointment of Alex Tuckett to CRU. Alex joins as Principal Economist in the Economics Team.
Alex joins from PwC, where he worked as a Senior Manager. There he contributed to thought leadership and led analytical client projects as part of PwC's Economics Advisory practice.
Economic Risks Are High as Chances for Quick Stimulus Narrow - The New York Times
WASHINGTON — Two of the world's most powerful central bankers said on Thursday that economic risks from the coronavirus remain high, and they cautioned against putting too much faith in a quick fix from a vaccine, delivering a sober message as U.S. lawmakers signaled that another stimulus package was unlikely before year's end.
"From our standpoint, it's just too soon to assess with any confidence the implications of the news for the path of the economy, especially in the near term," Mr. Powell said.
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Free exchange - Why relations between economists and epidemiologists have been testy | Finance
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
F OR EPIDEMIOLOGISTS, 2020 has been a trial by fire. Economists should be able to relate; it was just over a decade ago that their own practices and forecasts were subjected to the harsh glare of the public eye in the aftermath of the global financial crisis. Instead the relationship between the two disciplines has been a testy one. Some economists even questioned whether epidemiologists were intellectually equipped for the trial. "How smart are they? What are their average GRE scores?
Comings and goings - Will Turkey's new economic officials win over investors?
F OR SOMEONE thought to be the second-most-powerful person in Turkey and a possible successor to President Recep Tayyip Erdogan, it was an unseemly exit. In a statement posted on Instagram on November 8th and riddled with grammatical mistakes, Berat Albayrak, the president's son-in-law, said he was stepping down as finance minister and leaving politics. It took Mr Erdogan and his officials over a day to digest and confirm the news.
Mr Albayrak, popularly referred to as the damat (son-in-law), said he was leaving for health reasons. But insiders blame a feud with the new central-bank governor, Naci Agbal, who had criticised the minister's record. Mr Agbal had been appointed only a couple of days earlier, after Mr Erdogan ousted his predecessor, Murat Uysal, without giving an explanation. (Mr Uysal is the second head of the central bank to be sacked in as many years.
Dallas Fed Economics: Texas rebound likely slowed by renewed COVID-19 impact on services, retail
DALLAS (NEWS RELEASE) — The following is a news release from the Federal Reserve Bank of Dallas:
Texas jobs grew at an annualized 3.6 percent in the third quarter, falling short of the national growth rate of 11.9 percent, according to the Federal Reserve Bank of Dallas' latest Texas Economic Update . For the year, The Dallas Fed's Texas Employment Forecast predicts a 4.2 percent decrease in Texas jobs.
"Although the jobs recovery since April has been slower in Texas than the nation, the overall share of jobs lost in Texas since the beginning of the pandemic is smaller than for the nation," said Dallas Fed Research Economist Yichen Su in a video accompanying the report.
New Unemployment Claims Dip, but Economic Pain Persists - The New York Times
New claims for benefits continued to flood state unemployment offices last week as the coronavirus pandemic inflicted further economic damage.
Initial claims declined to a new low from the stratospheric multimillion levels reached in the spring, but they remained above records set in previous recessions.
While there is a "gradual healing of the labor market," said Diane Swonk, chief economist at the accounting firm Grant Thornton, the number of laid-off and furloughed workers collecting some form of unemployment insurance is still staggeringly high.
Happening on Twitter
Wisconsin Voters File Lawsuit to Exclude Over 792,000 Votes in 3 Counties: "Because illegal votes dilute legal vote… https://t.co/tf2nmIYF03 PamelaGeller Sat Nov 14 17:33:03 +0000 2020
WHO establishes Council on the Economics of #HealthForAll 👉 The Council, comprising top economists & health experts… https://t.co/nLbSugAKd1 WHO (from Geneva, Switzerland) Fri Nov 13 13:56:37 +0000 2020
15:41 LASG Counsel in examination obtains confirmation from Gen. Taiwo that only the President can give orders to t… https://t.co/DC3OrwdmqL EditiEffiong (from Lagos) Sat Nov 14 14:45:52 +0000 2020
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