Tag Archives: Uncategorized

Coronavirus dashboard for April 13: Plateauing and stasis Here is the update through yesterday (April 13). The bottom line is that infections and deaths appear to have plateaued, while there has been no progress towards any “test, trace, and quarantine” regimen that is the necessary next step; and to the contrary Trump appears to be bound and determined to try to reverse lockdowns anyway. Number and rate of increase of Reported Infections (from Johns...

from WEA Young Economists

from David Ruccio    sources [frontline workers, coronavirus cases] As the Guardian explained earlier today, the coronavirus has discriminated in inflicting its terrible toll on the two very different cities that make up New York City. Different boroughs, even different neighborhoods within each borough, are experiencing coronavirus almost as though it were two different contagions. In wealthier white areas the residential streets are empty; parking spots that are fought over in normal...

Weekly indicators for April 6 – 10 at Seeking Alpha – by New Deal democratMy Weekly Indicators post is up at Seeking Alpha.. As you can imagine, most of the numbers are horrible. Clicking over and reading will bring you as up to date as you can be on the economy, and as usual rewards me a little bit for my efforts.

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Michael Grunwald argues in Politico that House Democrats have a lot of bargaining power in negotiations over the next coronavirus relief bill, but that they are not aggressively using their leverage.  He suggests that Democrats are holding back because they are worried about being labeled obstructionist and getting blamed if legislation does not pass. I agree with some of his analysis and have doubts about other parts.  But here I want to make a...

from Dean Baker We have a lot of economist type people telling us how awful the economy will be once we get through our near-term shutdown period. At the risk of being accused of unwarranted optimism, I am not sure I buy the pessimists’ story. Before saying anything about the economy, we have to outline where we think our containment efforts are headed. I will throw out my story, which people here who know what they are talking about can correct. Let’s assume that after two months we have...

from Lars Syll The economic toll tied to the coronavirus pandemic intensifies. Over the last three weeks, more than 16 million Americans have made unemployment claims. The unemployment rate is now over 10%. In the coming weeks, more people will face income and job losses. So how do we get out of this unprecedented crisis? To both Keynes and Lerner, it was evident that the state has the ability to promote full employment and a stable price level — and that it should use its powers to do...

from Thomas Palley On a cold day in January 1969, The Beatles, who hadn’t played live since 1966, took to the rooftop of the headquarters of Apple Records, located at 3 Savile Row, in central London. And there they played an impromptu last gig, much to the delight of Londoners on nearby rooftops … and to the chagrin of the police. [embedded content]