As recently as a few weeks ago, it seemed as though UK politics could not possibly talk about anything besides Brexit, even after the country’s formal departure from the EU. Business as usual was expected to return at some unspecified point in the future. As elsewhere, the coronavirus has turned British politics on its head. Unlike Brexit, which continues to ...
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Pandemic shutdowns work for economy, too
With large swaths of the country turning to social distancing to reduce the spread of the coronavirus, economic activity has taken a big hit. This has led some, including President Donald Trump, to suggest that the “the cure†might “be worse than the problem†and to argue for easing distancing measures in a couple of weeks to get the economy ...
Read More »Don’t drop your iPhone as repairing it is a problem
If, in the midst of the coronavirus pandemic, you are in Minneapolis and you drop your iPhone, who will repair the cracked screen? If you’d like an authorised repair, with Apple Inc-certified parts, the options are suddenly limited. Apple’s retail stores, and the service centres inside of them, are closed indefinitely. Similarly, Twin Cities-based Best Buy Co, which offers authorised ...
Read More »Isn’t US’ coronavirus stimulus too small?
The Senate has passed a $2 trillion spending bill to fight the economic devastation wrought by the coronavirus pandemic. [And Donald Trump signed $2 trillion coronavirus relief bill as the US tries to prevent economic devastation]. Time is of the essence. With many cities and states under shutdown to stop the spread of the disease, businesses are laying off millions ...
Read More »It’s time to start testing coronavirus immunity
President Donald Trump isn’t the only one who wants to reopen the country as quickly as possible as it deals with the coronavirus pandemic. Everyone wants that — we want to get businesses and schools up and running again, and we want to get back to our normal lives, which include seeing friends and colleagues in person instead of through ...
Read More »Arizona: A loose brick in Republicans’ red wall
Felecia Rotellini’s father, who is 104, was incensed when his family took away his car keys two years ago. He was born in a Wyoming company town that no longer exists because the coal company that owned the town is long gone. The town of Cambria, and elsewhere in Wyoming, had many coal-mining immigrants from Italy, including some relatives of ...
Read More »World needs Apple’s iPhone cycle
First it was the Olympics, and now this! Apple Inc might delay the release of its upcoming 5G iPhone by several months because of the Covid-19 pandemic, Nikkei reported. To be frank, I don’t think such a decision has yet been made and we still have another month or two before Apple has to finalise a schedule. Apple itself declined ...
Read More »Everybody’s trusting the bankers once again
Measures to contain the spread of Covid-19 are upending every corner of economic life, bringing entire industries to a standstill across the world. What happens in the broader economy has a massive impact on the banks that oil its wheels; and financial regulators have — rightly — responded swiftly. The supervisors should ponder their next moves carefully, however. It is ...
Read More »The euro-zone rescue talks are irrelevant
The Covid-19 epidemic has forced the euro zone’s finance ministers to think of innovative ways to combat an inevitable recession. They met to discuss how to use the European Stability Mechanism (ESM), the single-currency area’s rescue fund, to help countries fund a large-scale fiscal stimulus. Yet this debate appears largely irrelevant, at least for the moment. The European Central Bank ...
Read More »World’s airports are fast becoming ghost towns
Atlanta’s Hartsfield-Jackson International, the world’s busiest airport, has turned a runway into a parking lot for grounded aircraft; about 80% of Frankfurt airport workers have had their working hours cut and many now won’t go to work at all; Manchester has closed two of its three terminals and short-hop specialist London City Airport is suspending all flights until the end ...
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