As he loaded the 3D printer into the back of his Jeep, Kevin Zagorski figured he wouldn’t be back in his office for a while. It was Friday night, March 20, and Virgin Orbit, the satellite launch company that spun out of Richard Branson’s Virgin Galactic a few years back, […]
The High-Stakes Race to Build More Ventilators
As he loaded the 3D printer into the back of his Jeep, Kevin Zagorski figured he wouldn’t be back in his office for a while. It was Friday night March 20, and Virgin Orbit, the satellite launch company that spun out of Richard Branson’s Virgin Galactic a few years back, […]
For Homeless People, Covid-19 Is Horror on Top of Horror
“There is nothing,” a desperate poster writes, and a dozen others agree. Online communities dedicated to homelessness, like Reddit’s r/homeless, were already places to vent about unlivable living situations, but as the Covid-19 outbreak continues, the challenges they face have only gotten more extreme. Shelters are full, or closed, or […]
U.S. weekly jobless claims blow past six million as coronavirus lockdowns spread
2/2 (C) Reuters. FILE PHOTO: An empty restaurant is seen in Manhattan borough following the outbreak of coronavirus disease (COVID-19) in New York City 2/2 By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing claims for unemployment benefits shot to a record high of more than 6 million […]
The (Political) Science Behind Trump’s Coronavirus Approval Ratings
The following two things are somehow both true: First, the Trump administration’s response to the coronavirus crisis has been a dangerous mix of denial, disinformation, and delay, oscillating between simple incompetence and possible malevolence. And, second, his approval ratings are at or near their all-time high. Americans are getting sick, […]
PIMCO sees short, severe recession; positioned defensively
Economic Indicators8 hours ago (Apr 02, 2020 11:00AM ET) By Kate Duguid NEW YORK (Reuters) – Pacific Investment Management Co (PIMCO), one of the world’s largest investment firms, told clients on Thursday the coronavirus outbreak is likely to cause a short and severe recession, and that the risk of a […]
U.S. factory orders unchanged in February
Economic Indicators9 hours ago (Apr 02, 2020 10:35AM ET) (C) Reuters. FILE PHOTO: Line workers spot weld parts of the frame on the flex line at Nissan Motor Co’s automobile manufacturing plant in Smyrna Tennessee WASHINGTON (Reuters) – New orders for U.S.-made goods were unexpectedly flat in February, and could […]
U.S. trade deficit near three-and-a-half-year low as Chinese imports tumble
Economic Indicators9 hours ago (Apr 02, 2020 10:10AM ET) By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit dropped to near a 3-1/2-year low in February as the coronavirus pandemic pushed imports from China to their lowest level since 2009. The Commerce Department said on Thursday the trade deficit […]
U.S. Trade Gap Narrows for Second Straight Month in February
Forex10 hours ago (Apr 02, 2020 09:09AM ET) (C) Bloomberg. Super post-Panamex cranes stand at the Port of Baltimore. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — The U.S. trade deficit narrowed for a second straight month in February as imports and exports declined ahead of the hit to global commerce from the […]
U.S. Jobless Claims Doubled to Record 6.65 Million Last Week
Stock Markets11 hours ago (Apr 02, 2020 08:36AM ET) (C) Bloomberg. Pedestrians are reflected in the windows of a closed restaurant in the South Beach neighborhood of Miami Beach on March 20. Photographer: Scott McIntyre/Bloomberg (Bloomberg) — The number of Americans applying for unemployment benefits more than doubled to a […]