Above Photo: Visitors crowd the boardwalk in Ocean City, Maryland, at the start of the Memorial Day weekend on May 23, 2020. The headline in the Arizona Republic today is Arizona saw highest single-day ER visits; Yuma sees spike in cases related to COVID-19 over weekend: The number of hospitalized COVID-19 patients at Yuma Regional … Read more
The U.S. economic response to the coronavirus pandemic has been entirely ass-backwards and is doomed to cause greater economic pain in coming months. It relied on antiquated state unemployment insurance systems that Republican states have specifically designed to be hard to use to dissuade the unemployed from filing for benefits to which they are entitled, … Read more
On Tuesday, the nation’s top medical experts were testifying before Congress about the danger of opening up the economy too soon. At Senate Hearing, Government Experts Paint Bleak Picture of the Pandemic: Two of the federal government’s top health officials painted a grim picture of the months ahead on Tuesday, warning a Senate panel that … Read more
A recession is a normal part of the business cycle that generally occurs when GDP contracts for at least two quarters. We are halfway there. U.S. gross domestic product fell at a 4.8 percent annual rate in the first quarter of the year, the worst quarterly contraction since 2008, when the country was in a deep recession (most of … Read more
Frank Rich has a summary of the week’s news at New York Magazine. He succinctly ties together a number of related topics that I simply do not have the time to cover in full. I was particularly impressed with this analysis. MAGA vs. COVID: In the face of a climbing death toll and against warnings from some of … Read more