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April 12, 2020 Politics
Bloomberg Japan’s Economy Minister Yasutoshi Nishimura urged residents to further limit contact with other people and warned it could take up to three months to contain the spread of coronavirus unless social distancing was followed more strictly, according to Nikkei. Japanese residents need to reduce contact with other people by 80% to contain the spread of the virus, Nikkei cited ...
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April 12, 2020 Politics
Bloomberg Boris Johnson’s government suffered another public relations blow and came under pressure to recall parliament after the country’s death count from the new coronavirus approached 10,000. In her first public appearance for several weeks, Home Secretary Priti Patel led the daily government briefing and was asked to apologise for previous comments by Health Secretary Matt Hancock, who had said ...
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April 12, 2020 Opinion
We finally have a plausible answer to a question that has haunted American government for more than half a century: Why should we bother balancing the budget? The answer, as practiced by political leaders of both parties, has been: We shouldn’t. It’s too hard. Spending has to be cut; or taxes have to be raised. These steps are unpopular. Meanwhile, ...
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April 12, 2020 Opinion
As the rise in Covid-19 infections stresses hospital resources, a legal and ethical fight is brewing over the distribution of ventilators. Activists are warning that rationing plans currently on the books, by favouring patients likely to live longest, discriminate against the elderly and the disabled. And whatever the outcome of any lawsuits, the debate tests our lofty national commitment to ...
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April 12, 2020 Opinion
This is a big deal. Apple and Google are combining their engineering prowess and dominant market positions to fight the coronavirus war in a smart and effective way. If successful, it may be the first step in turning the tide against the pandemic and moving society back to a more normal life. The two tech giants announced a joint effort ...
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April 12, 2020 Opinion
The most misleading cliche about the coronavirus is that it treats us all the same. It doesn’t, neither medically nor economically, socially or psychologically. In particular, Covid-19 exacerbates preexisting conditions of inequality wherever it arrives. Before long, this will cause social turmoil, up to and including uprisings and revolutions. Social unrest had already been increasing around the world before Sars-CoV-2 ...
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April 12, 2020 Opinion
There are a few hard truths worth grappling with when it comes to the Covid-19 pandemic. First, life may not fully return to normal until an effective vaccine is developed, manufactured in mass quantities and distributed worldwide. Anything but the cautious reopening of economies in the meantime will likely lead to significant second-wave outbreaks and renewed physical distancing. There’s no ...
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April 12, 2020 Opinion
California declared its independence from the federal government’s feeble efforts to fight Covid-19 — and perhaps from a bit more. The consequences for the fight against the pandemic are almost certainly positive. The implications for the brewing civil war between Trumpism and America’s budding 21st-century majority, embodied by California’s multiracial liberal electorate, are less clear. Speaking on MSNBC, Governor Gavin ...
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April 12, 2020 Opinion
With death rates beginning to peak in Western countries, the epicenter of the coronavirus crisis is moving towards the developing world. Yet bare hospitals, armies of informal workers and sprawling slums mean the poorest nations have struggled to pull down the shutters. Experiences in Asia and elsewhere suggest that limiting chaotic mass migration to rural areas can be a start. ...
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April 12, 2020 Stocks
Bloomberg The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors. Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners. “After two trading days when ...
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