Economics
After the pandemic: the “what”, the “how” and the “who”
There is much debate about what the world will be like after the pandemic, and we really don’t even know when that will be. It may be that in some countries contagion will peak in a few weeks and then…
‘Never Seen Anything Like It’: Economists Warn 6.6 Million New Jobless Claims Portend Unparalleled Crisis
“A portrait of disaster. Unemployment insurance claims for the last two weeks are mind-blowing.” By Jake Johnson, staff writer – Common Dreams The U.S. Department of Labor announced Thursday that 6.6 million Americans filed jobless claims last week, a staggering…
When Economists Try to Solve Health Crises, the Results Can Often Be Disastrous
Classical economics helped kill millions in the British Empire’s famines—following economic orthodoxy today could be just as deadly. By Justin Podur I’m writing this at 585,000 worldwide active cases, 26,000 deaths, and with only China and Korea seemingly under some…
DiEM25 presents 3-point plan for dealing with COVID-19 depression
DiEM25’s 3-Point Plan for the COVID-19 Pandemic Step 1: Issue €1 trillion in ECB-Eurobonds Step 2: Inject a €2000 European Solidarity Cash Payment Step 3: Introduce a European Green Recovery & Investment Program Introduction: Lives, Livelihoods and the Union on…
Why is the U.S. So Exceptionally Vulnerable to Covid-19?
By Nicolas J S Davies The United States has become the new center of the global coronavirus pandemic, with over 86,000 cases, more than China or Italy. More than a thousand Americans have already died, but this is surely only…
Bernie Sanders Fights for Laid-off Worker Protections in $2 Trillion Stimulus with Corporate Bailout
The Senate unanimously approved a historic $2.2 trillion emergency relief package late Wednesday night to battle the unprecedented economic shock of the coronavirus pandemic. The House will consider the bill Friday before it goes to President Trump’s desk to be…
Concerted Crisis Efforts: Hands of The Workers
The evident message of COVID-19 to many who have recognized it before, remains how connected we all are. As the world watches and absorbs mixed messages, reality for society’s fabric – the people – becomes one of questions and a…
‘World Leaders Seem in Denial’: Demands for Radical Global Action on Coronavirus as Virtual G20 Summit Ends With Vague Promises
“Only the most radical reset, akin to a post-world war overhaul of the international economy, will allow us to rebuild the international economy in a way which means we can tackle future pandemics.” By Jake Johnson, staff writer – Common…
A Lesson Coronavirus is About to Teach the World
By Jonathan Cook If a disease can teach wisdom beyond our understanding of how precarious and precious life is, the coronavirus has offered two lessons. The first is that in a globalized world our lives are so intertwined that the…
Canadian workers affected by COVID-19 will received $2000 per month
“The Canada emergency response benefit provides $2,000 per month for the next four months for workers who lose their income as a result of COVID-19,” said Prime minister Justin Trudeau. (Global and Mail) Almost one million Canadians joined the unemployment…
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