As the novel coronavirus continues to spread, the US Navy is sending its two hospital ships into action. The USNS Comfort, stationed in Norfolk, Virginia, will head for New York City, President Trump said in a Wednesday morning press conference. The USNS Mercy, at home in San Diego, will make […]
Ventilator Makers Race to Prevent a Possible Shortage
Eric Gjerde, CEO of Airon Corporation, a small ventilator maker in Gainesville, Florida, has been getting far more business than he’d like in recent weeks. An Italian company asked him for 2,000 machines. His distributor in California, working with state officials there, asked for 500 more. Normally, his company sells […]
Coronavirus Disrupts Social Media’s First Line of Defense
With fewer moderators, the internet could change considerably for the millions of people now reliant on social media as their primary mode of communication with the outside world. The automated systems Facebook, YouTube, Twitter, and other sites use vary, but often work by detecting things like keywords, automatically scanning images, […]
The Value and Ethics of Using Phone Data to Monitor Covid-19
Google and Facebook are considering efforts to analyze the collective movements of millions of users to determine how the deadly novel coronavirus is spreading across the US, and to gauge the effectiveness of calls for social distancing. The results could be shared with government agencies working to head off what […]
JP Morgan slashes forecast for U.S. GDP, sees 14% second-quarter drop
Sign In/Free Sign Up 0 Economic Indicators9 hours ago (Mar 18, 2020 03:16PM ET) (C) Reuters. JP Morgan slashes forecast for U.S. GDP, sees 14% second-quarter drop SAN FRANCISCO (Reuters) – The U.S. economy could shrink 4% this quarter and 14% next quarter, and for the […]
Pressure growing for U.S. Federal Reserve to lend directly to U.S. businesses: sources
Pressure growing for U.S. Federal Reserve to lend directly to U.S. businesses: sources By Matt Scuffham, Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – Pressure is growing in Washington for the U.S. Federal Reserve to use its emergency powers to lend directly to businesses hurt by the coronavirus, according to […]
Coronavirus confronts decision-makers with a terrible trade-off: Kemp
By John Kemp LONDON (Reuters) – At the heart of responses to coronavirus is a terrible trade-off between maximizing social distancing measures to suppress the disease and the need to maintain some sense of normal economic activity. Extreme social distancing can reduce the number of infections and deaths by reducing […]
Stampede to get out: bond ETFs get crushed in selloff
Economic Indicators12 hours ago (Mar 18, 2020 12:11PM ET) Stampede to get out: bond ETFs get crushed in selloff By Saikat Chatterjee LONDON (Reuters) – A rush to sell global bonds in the past week has now rippled into the world of exchange-traded funds with some of the most actively […]
U.S housing market shows strength before coronavirus outbreak
Economy13 hours ago (Mar 18, 2020 11:16AM ET) By Lucia Mutikani WASHINGTON (Reuters) – U.S. homebuilding fell less than expected in February as a plunge in the construction of multi-family housing units was blunted by a surge in single-family projects, suggesting some strength in the housing sector before the coronavirus […]
COVID-19 Could Sink China
China has acted badly in the past, but this time could really be it’s undoing. According to reports, China was aware of some sort of epidemic in the city of Wuhan in November. NOVEMBER. A short time after, they knew there was a new kind of coronavirus on the loose. […]