poverty – Page 14 – Desdemona Despair

Cumulative change in U.S. jobs since before the pandemic, 6 December 2020. Data: Bureau of Labor Statistics. Graphic: Ella Koeze / The New York Times

December 6, 2020

U.S. job market slowed further in November 2020 – “We’re going to have a few of the toughest months of this pandemic, and there will be a lot of scars left to heal”

6 December 2020 (The New York Times) – The American economic recovery continues to slow, stranding millions who have yet to find a new job after being thrown out of work by the coronavirus pandemic. The latest evidence came Friday when the Labor Department reported that employers added 245,000 jobs in November, the fifth month in a […]

Aerial view of mass graves in Manaus, Brazil, 22 April 2020. Photo: Sandro Pereira / Fotoarena / Folhapress

December 4, 2020

U.N. warns 2021 shaping up to be a humanitarian catastrophe – “The worst humanitarian crisis year since the beginning of the United Nations 75 years ago”

By Michelle Nichols 4 December 2020 NEW YORK (Reuters) – Next year is shaping up to be a humanitarian catastrophe and rich countries must not trample poor countries in a “stampede for vaccines” to combat the coronavirus pandemic, top U.N. officials told the 193-member U.N. General Assembly on Friday. World Food Programme (WFP) chief David […]

Wildfires light up a hillside behind the Bidwell Bar Bridge on 9 September 2020, as the Bear Fire burns in Oroville, California, in this photo taken with a slow shutter speed. Photo: Noah Berger / AP Photo

December 1, 2020

Photo gallery: In 2020, AP photographers captured a world in distress

By Jerry Schwartz 1 December 2020 (AP) – Behold, a world in distress: A 64-year-old woman weeps, hugging her husband as he lay dying in the COVID-19 unit of a California hospital. A crowded refugee camp in Lesbos, Greece, engulfed in flames, disgorges a string of migrants fleeing this hell on Earth. Rain-swept protesters, enraged […]

Number of global undernourished, 2010-2020 and projected to 2030 under three Covid scenarios. Graphic: UNFAO

August 2, 2020

UN report sends “sobering message” of deeply entrenched hunger globally – Number of undernourished people in the world continued to increase in 2019

13 July 2020 (UN News) – In much of the world, “hunger remains deeply entrenched and is rising”, the UN chief said on Monday, launching this year’s major UN food security update, highlighting that over the past five years, tens of millions of people have joined the ranks of the chronically undernourished. As countries “continue […]

U.S. gross domestic product, 1950-2020. Gross domestic product — the broadest measure of economic activity — shrank at an annual rate of 32.9 percent in the second quarter of 2020 as restaurants and retailers closed their doors in a desperate effort to slow the spread of the virus, which has killed more than 150,000 people in the U.S. The economic shock in April, May, and June was more than three times as sharp as the previous record — 10 percent in 1958 — and nearly four times the worst quarter during the Great Recession. Data: Bureau of Economic Analysis. Graphic: Alyson Hurt / NPR

July 30, 2020

3 months of hell: U.S. economy drops 32.9 percent in worst GDP report ever – “We’re not going to get to the pre-pandemic levels of economic activity until sometime in 2022”

By Scott Horsley 30 July 2020 (NPR) – The coronavirus pandemic triggered the sharpest economic contraction in modern American history, the Commerce Department reported Thursday. Gross domestic product — the broadest measure of economic activity — shrank at an annual rate of 32.9% in the second quarter as restaurants and retailers closed their doors in a […]

Map showing the most commonly used opioid, 2018 or latest available data. Data: UNODC, responses to the annual report questionnaire. Graphic: UNODC

June 26, 2020

UN World Drug Report 2020: Global drug use increased 30 percent from 2009 – COVID-19 has far reaching impact on global drug markets

VIENNA, 25 June 2020 (UNODC) – Around 269 million people used drugs worldwide in 2018, which is 30 per cent more than in 2009, while over 35 million people suffer from drug use disorders, according to the latest World Drug Report, released today by the United Nations Office on Drugs and Crime (UNODC). The Report […]

World gross product, level and annual changes, 2010–2020 and projected through 2021. The COVID-19 pandemic has paralyzed large parts of the global economy, sharply restricting economic activities, increasing uncertainties and unleashing a recession unseen since the Great Depression. Global gross domestic product (GDP) is forecast to shrink by 3.2 per cent in 2020, with only a gradual recovery of lost output projected for 2021. Cumulatively, the world economy is expected to lose nearly $8.5 trillion in output in 2020 and 2021, nearly wiping out the cumulative output gains of the previous four years. Data: UN DESA, based on scenarios produced with the World Economic Forecasting Model (WEFM). Graphic: UN DESA

June 22, 2020

UN World Economic Situation report: Global economy to contract by 3.2 percent in 2020 – 34 million people to fall below the extreme poverty line

13 May 2020 (UNDESA) – Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 per cent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report, released today. The global economy is expected to lose nearly $8.5 trillion in output over the […]

Forcibly displaced people worldwide, 1990-2019. At the end of 2019, nearly 80 million people were displaced as a result of persecution, conflict, violence, human rights violations, or events seriously disturbing public order. Forced displacement is now affecting more than one per cent of humanity – 1 in every 97 people – and with fewer and fewer of those who flee being able to return home. Graphic: UNHCR

June 20, 2020

UN refugee report 2020: 1 percent of humanity now displaced, doubling since 2010 – “Forced displacement now is not only vastly more widespread but is no longer a short-term and temporary phenomenon”

18 June 2020 (UNHCR) – UNHCR, the UN Refugee Agency, is today appealing to countries worldwide to do far more to find homes for millions of refugees and others displaced by conflict, persecution or events seriously disturbing public order. This is as a report released today showed that forced displacement is now affecting more than […]

A performance protest on 15 June 2020 in Brasilia honors Brazilians who died after contracting the novel coronavirus. Photo: Adriano Machado / Reuters

June 16, 2020

Brazil ignored the warnings about COVID-19 – “A human catastrophe of unimaginable proportions”

By Terrence McCoy 16 June 2020 RIO DE JANEIRO (The Washington Post) – Weeks ago, when this seaside metropolis had recorded fewer than 10,000 cases of the novel coronavirus and there still appeared to be time, some of Brazil’s most respected scientists made their last-ditch appeal. The country had reached a pivotal juncture. Cases were […]

Collateralized loan obligations (CLOs): An Illustrated Guide. Data: Fitch Ratings. The fourth CLO depicts an aggregate leveraged-loan default rate of 78 percent. Graphic: the Atlantic

June 14, 2020

The looming bank collapse – “This crisis is more horrifying than I anticipated”

By Frank Partnoy 14 June 2020 (The Atlantic) – After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged […]