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Mike Norman Economics

The UK Only Realised “In The Last Few Days” That Its Coronavirus Strategy Would “Likely Result In Hundreds of Thousands of Deaths”

Scientists advising the government say an aggressive new approach adopted to attempt to "suppress" the virus may have to be in place for 18 months. The UK only realised "in the last few days" that attempts to "mitigate" the impact of the coronavirus pandemic would not work, and that it needed to shift to a strategy to "suppress" the outbreak, according to a report by a team of experts who have been advising the government. The report, published by the Imperial College COVID-19 Response...

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Could Cuba save Italy and the world from Coronavirus?

Cuban doctors and medicine to rescue the world from COVID-19 While the first clinical test for a Coronavirus vaccine started in the United States today, Cuba may have already developed a successful medicine able to cure COVID-19. The western world has been slow to recognize the potential that this small Caribbean nation is contributing to the biggest challenge the world has faced in a very long time. Could Cuba save Italy and the world from Coronavirus?

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From U.S. to Europe to China to Russia, renewables are now cheaper than coal — Adele Peters

It’s now cheaper to invest in renewable energy than coal in all major markets around the world—and more than half of existing coal plants are also more expensive to keep running than building new renewables, according to a new report. By 2030, the think tank estimates that new renewables will be cheaper than existing coal plants in all major markets.... Milestone.Fast CompanyFrom U.S. to Europe to China to Russia, renewables are now cheaper than coal Adele Peters

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Bill Mitchell — The coronavirus will redefine what currency-issuing governments can do – finally

Life as we knew it is changing fast, almost by the hour. Most of my speaking engagements, which were heavily booked for the foreseeable future, have been cancelled or deferred. All the gigs that my band was booked for have been cancelled until people start returning to the now, empty venues. And, more significantly, the ideologues are giving way to the pragmatists in the policy space. Almost (see below). The sudden realisation that even Germany will now spend large amounts to protect their...

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