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

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 […]

UN Secretary-General António Guterres warns of a global food crisis caused by Covid-19 during a speech on 9 June 2020. Photo: UN News

UN warns of global food crisis – “It is increasingly clear that there is an impending global food emergency that could have long term impacts on hundreds of millions of children and adults”

9 June 2020 (UN News) – Although the COVID-19 pandemic could push nearly 50 million more people into extreme poverty, this and other dire impacts of the crisis can be avoided if countries act immediately to shore up global food security, the UN Secretary-General said on Tuesday. For his latest policy brief on the pandemic, […]

Map showing the Global Peace Index for 2020. The average level of global peacefulness deteriorated 0.34 percent on the 2020 GPI. This is the ninth time in the last 12 years that global peacefulness has deteriorated. Graphic: Institute for Economics and Peace

Global peacefulness falls for the fourth time in the last five years – “We find ourselves at a critical juncture”

11 June 2020 (Institute for Economics and Peace) – This is the 14th edition of the Global Peace Index (GPI), which ranks 163 independent states and territories according to their level of peacefulness. In addition to presenting the findings from the 2020 GPI, this year’s report includes an analysis of the effect of the COVID-19 […]

Screenshot from “Honest Government Ad: Economic Recovery”. Photo: The Juice Media

Honest Government Ad: Economic Recovery in Australia

4 June 2020 (The Juice Media) – Hello, I’m from the Australian government. As we head into the worst economic recession in living history, what the nation needs now is leadership, evidence-based policies, and bold vision. And fucked if we have those. So instead, we’ve cooked up something else. That’s right, while you’ve been in […]

Growth in U.S. economic output for ten generations. This graph shows how much inflation-adjusted gross domestic product per person grew during each generation's first fifteen years in the workforce, starting at age 18, averaged across all the birth years within each generation. Data are adjusted for population. Graphic: The Washington Post

Millennials are the unluckiest generation in U.S. history – “It’s not just that it’s a bad recession, and that it’s hitting young people more, but that it’s hitting people who have already been hit”

By Andrew Van Dam 27 March 2020 (The Washington Post) – After accounting for the present crisis, the average millennial has experienced slower economic growth since entering the workforce than any other generation in U.S. history. Millennials will bear these economic scars over the rest of their lives, in the form of lower earnings, lower […]

Indigenous leader Davi Kopenawa Yanomami delivers a 30-page report at the United Nations Commission on Human Rights in Geneva, Switzerland, on Tuesday, 3 March 2020, in which he notes that indigenous peoples isolated in the Amazon are at serious risk of genocide if they continue to "explode deforestation on their land." Photo: Marcelo Seixas / Funai

Deforestation drives cases of Covid-19 among indigenous peoples – “There is no decreased effect of deforestation with coronavirus, quite the contrary”

By Mark Candido 25 May 2020 São Paulo (ECOA) – Indigenous lands with the largest deforested areas in the country are also among the most vulnerable to the advance of the new coronavirus. According to experts, invaders may have taken the city’s virus toward the Yanomami and Raposa Serra do Sol lands in Roraima. In […]

Map showing change in global daily fossil CO2 emissions, 1 January 2020 - 20 May 2020 Video: Le Quéré, et al., 2020 / Nature Climate Change

COVID-19 crisis causes 17 percent drop in global carbon emissions – “The drop in emissions is substantial but illustrates the challenge of reaching our Paris climate commitments”

19 May 2020 (UEA) – The COVID-19 global lockdown has had an “extreme” effect on daily carbon emissions, but it is unlikely to last – according to a new analysis by an international team of scientists. The study published in the journal Nature Climate Change shows that daily emissions decreased by 17% – or 17 […]

Enhanced infrared image of Tropical Cyclone Amphan nearing landfall in far eastern India at 0200Z (7:30 am EDT) Wednesday, 20 May 2020. Graphic: CIMSS / SSEC / UW-Madison

Kolkata devastated as Cyclone Amphan kills scores in India and Bangladesh – “We are facing three crises: the coronavirus, the thousands of migrants who are returning home, and now the cyclone”

By Hannah Ellis-Petersen and Shaikh Azizur Rahman 21 May 2020 KOLKATA (The Guardian) – The Indian city of Kolkata has been left devastated by the worst cyclone it has seen in 100 years, which swept through India and Bangladesh on Wednesday and killed at least 84 people. Kolkata, home to almost 15 million people, bore […]

An aerial view of floodwaters flowing from the Tittabawassee River into the lower part of downtown Midland on 20 May 2020 in Midland, Michigan. Thousands of residents have been ordered to evacuate after two dams in Sanford and Edenville collapsed causing water from the Tittabawassee River to flood nearby communities. Photo: Gregory Shamus / Getty Images

Two Michigan dams breached, thousands evacuated amid “devastating” record flooding – “It’s hard to believe that we’re in the midst of a 100-year crisis – a global pandemic – and a flooding event that looks to be the worst in 500 years”

By Elisha Fieldstadt and Doha Madani21 May 2020 (NBC News) – About 11,000 people in central Michigan were told to evacuate their homes after rapidly rising water overwhelmed dams, creating what the National Weather Service called a “life-threatening situation.” Gov. Gretchen Whitmer said the destruction in Midland County caused by the failures of the Edenville […]

Microwave satellite image of Cyclone Amphan's inner core on 19 May 2020, showing the exposed eyewall on the storm's eastern side. This is indicative of a weaker storm. Graphic: U-Wisconsin / CIMSS

Cyclone Amphan, most powerful storm on record in Bay of Bengal, poses extreme storm surge danger for eastern India, Bangladesh – Evacuations slowed by virus

By Andrew Freedman and Joanna Slater 19 May 2020 (The Washington Post) – Category 3 Tropical Cyclone Amphan is barreling northward toward the mouth of the Bay of Bengal on Tuesday and is forecast to make landfall in West Bengal, India, just south of Kolkata, on Wednesday. The storm is prompting officials in the states […]

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