Even as the Covid-19 pandemic nears its peak, defense analysts are beginning to assess how the global spread of this deadly disease should change how we think about warfare. “This has exposed some genuine gaps in military planning and readiness, as well as vulnerabilities in our national preparedness,” messaged Derek Chollet, a former assistant secretary of defense who’s now executive ...

Hong Kong led the world in adopting helicopter money. Now the city’s long-term wage subsidies have again put it at the forefront of global efforts to blunt the impact of the coronavirus. Other economies should pay attention. The government said that it will fund 50% of affected workers’ salaries for six months, capped at the equivalent of $1,160 a month. ...

In the US, the headline gross domestic product number reported every quarter by the Bureau of Economic Analysis (BEA) is the percentage change in GDP from the previous quarter, annualised. Other countries, and international economic-statistics compilers such as the Organization for Economic Cooperation and Development, tend to report just the quarterly percentage change and skip the annualising. I don’t know ...