13 April 2020 (CRFP) – The United States entered the current public health and economic crisis facing high levels of debt and trillion-dollar deficits. Due to the effects of the crisis and legislation enacted to combat it, debt and deficits will now grow much higher, to never-before-seen levels both in dollars and as a share of Gross Domestic […]
By Paul Wiseman and Martin Crutsinger 14 April 2020 WASHINGTON (AP) – Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to […]
By Tamara Lush 8 April 2020 PALMETTO, Florida (AP) – Mounds of harvested zucchini and yellow squash ripened and then rotted in the hot Florida sun. Juicy tomatoes were left to wither — unpicked — in farmers’ fields. Thousands of acres of fruits and vegetables grown in Florida are being plowed over or left to […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
