What do you see wrong in the photo above? A large group of people congregating less than six feet apart — in disregard of CDC social distancing guidelines — at a One-Stop Career Center for unemployment insurance benefits after having been laid off from their service sector employment in Las Vegas. A massive number of … Read more
Michael T. Osterholm is Regents professor and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, and coauthor of “Deadliest Enemy: Our War Against Killer Germs” (2017): For decades, Osterholm has been in the business of telling people what they don’t necessarily want to hear: Pandemics are inevitable; outbreaks … Read more
Above Photo: Unemployment line in the Great Depression. This would not be allowed today under the CDC guidelines for the coronavirus pandemic (not allowed to congregate in restaurants, six feet of spacing for social distancing). We are living in interesting times, as the old Chinese curse goes. In an unprecedented move in modern history, the … Read more
In an emergency move on Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing. Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program: The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity … Read more
The House of Representatives passed a bipartisan legislative package in response to the spread of coronavirus in the early hours of Saturday morning following intense negotiations between House Speaker Nancy Pelosi and the Trump administration. The Hill reports, House passes bill to help prop up economy from coronavirus: The bill passed with broad, bipartisan support … Read more