financial collapse – Page 8 – Desdemona Despair

Weekly initial claims for unemployment insurance, 1967 - 28 March 2020. More than 6.6 million Americans applied for unemployment benefits last week — a record — as political and public health leaders put the economy in a deep freeze, keeping people at home and trying to slow the spread of the deadly coronavirus. In two weeks, nearly all the jobs created in the past five years have been erased. Data: Labor Department / FRED. Graphic: The Washington Post

April 3, 2020

More than 10 million Americans applied for unemployment benefits in March 2020 – 20 million Americans predicted to be out of work by July in “best case” scenario – “We’ve never seen anything like this”

By Heather Long 2 April 2020 (The Washington Post) – More than 6.6 million Americans applied for unemployment benefits last week — a record — as political and public health leaders put the economy in a deep freeze, keeping people at home and trying to slow the spread of the deadly coronavirus. The past two […]

Aerial view of the eastern expressway in Mumbai after Prime Minister Narendra Modi imposed a nationwide lockdown on 24 March 2020 in an attempt to slow the spread of the coronavirus. Photo: Atul Loke / The New York Times

March 25, 2020

More than 1 billion people in “total lockdown” in India after coronavirus cases spike – “To save India, to save its every citizen, you, your family, every street, every neighborhood is being put under lockdown”

25 March 2020 (BBC News) – India’s Prime Minister Narendra Modi has imposed a nationwide lockdown in an attempt to slow the spread of the coronavirus. The restrictions came into force at midnight local time (18:30 GMT) and will be enforced for 21 days. “There will be a total ban on venturing out of your […]

Satellite view of airborne nitrogen dioxide pollution over Washington State in March 2020, compared with March 2019. Pollution is visibly reduced by the cessation of economic activity caused by the COVID-19 pandemic. Data: Descartes Labs / Sentinel-5P satellite. Graphic: CNN

March 24, 2020

Satellite images show less pollution over the U.S. as coronavirus shuts down public places

By Madeline Holcombe and Sean O’Key 23 March 2020 (CNN) – As millions of Americans are kept from work, school and most public places as coronavirus is on the rise, satellite images show pollution on the decline.Images taken over the first three weeks of March show less nitrogen dioxide over parts of the United States than […]

An air tanker flies over PG&E power lines en route to drop fire retardant in the valley below during the firefighting operations to battle the Kincade Fire in Healdsburg, California on 26 October 2019. Photo: Philip Pacheco / AFP / Getty Images

March 23, 2020

PG&E to plead guilty to 84 involuntary manslaughter counts over 2018 wildfire in California

By Jonathan Stempel 23 March 2020 (Reuters) – Pacific Gas & Electric has agreed to plead guilty to 84 involuntary manslaughter counts in connection with the 2018 Camp Fire, the most destructive wildfire in California’s history. The plea by California’s largest utility was announced on Monday by its parent PG&E Corp, three days after the […]

Nations ranked by happiness, 2017-2019. Graphic: World Happiness Report 2020

March 23, 2020

World Happiness Report 2020: Rapid increase in negative affect over last decade continues, driven by sadness, worry, and anger

20 March 2020 (Sustainable Development Solutions Network) – […] We next examine the global pattern of positive and negative affect in the third and fourth panels of Figure 2.2. Each figure has the same structure for life evaluations as in the first panel. There is no striking trend in the evolution of positive affect, except […]

Weekly initial unemployment claims 2000 - 18 Mar 2020 for California, Ohio, Minnesota, and Rhode Island. Graphic: The New York Times

March 21, 2020

Graph of the Day: The staggering rise in U.S. jobless claims, 19 March 2020

By Quoctrung Bui and Justin Wolfers 19 March 2020 (The New York Times) – Numbers released on Thursday by the Labor Department — as well as a preliminary analysis of even more recent data — provide the first hard confirmation that the new coronavirus is bringing the United States economy to a shuddering halt. The […]

U.S household debt to 2019. Data: New York Fed’s Consumer Credit Panel (CCP). Graphic: Haughwout, et al., 2019 / Federal Reserve Bank of New York

March 14, 2020

Graph of the Day: U.S household debt, 1945-2018

March 2019 (Federal Reserve Bank of New York) – […] In Figure 1, we combine 1999-2018 data from the New York Fed’s Consumer Credit Panel (CCP) with the considerably longer, but less detailed, data from the Federal Reserve Board’s Financial Accounts of the United States. What is immediately apparent in the figure is the dramatic […]

A man and a girl on a scooter are backdropped by a Lombardy region campaign advertising, reading in Italian, “Coronavirus: let’s stop it together”, at the Porta Nuova business district in Milan, Wednesday, 11 March 2020. Italy is mulling even tighter restrictions on daily life and has announced billions in financial relief to cushion economic shocks from the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. Photo: Luca Bruno / AP Photo

March 11, 2020

WHO declares virus crisis a pandemic, urges global fight – “We are deeply concerned by the alarming levels of spread and severity and by the alarming levels of inaction”

By Maria Cheng, John Leicester, and Jamey Keaten 11 March 2020 GENEVA (AP) – Expressing alarm both about mounting infections and inadequate government responses, the World Health Organization declared Wednesday that the global coronavirus crisis is now a pandemic but added that it’s not too late for countries to act. By reversing course and using […]

U.S. Health Care from a Global Perspective 2019: Higher Spending, Worse Outcomes. Graphic: Commonwealth Fund

February 3, 2020

New international report on health care: U.S. suicide rate highest among wealthy nations – U.S. outspends other high-income countries on health care but has lowest life expectancy

30 January 2020 (Commonwealth Fund) – The United States spends substantially more than any other wealthy nation on health care, yet it has a lower life expectancy and a higher suicide rate than its peer nations, according to a new Commonwealth Fund report. The report, U.S. Health Care from a Global Perspective, 2019: Higher Spending, Worse […]

The Global Risks Report’s top 10 risks for 2019, ranked by likelihood and impact, shed light on significant trends that may shape global development over the next 10 years. Graphic: World Economic Forum

January 18, 2020

These are the biggest risks facing our world in 2019 – “Of all risks, it is in relation to the environment that the world is most clearly sleepwalking into catastrophe”

By Joe Myers and Kate Whiting 16 January 2019 (WEF) – What keeps you up at night? For leaders surveyed for the latest edition of the World Economic Forum’s Global Risks Report, environmental threats dominate the list for the third year in row – both in terms of impact and likelihood. “Of all risks, it is […]