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Can Denmark’s attempt to freeze their economy help the world avoid a Great Depression

Can Denmark’s attempt to freeze their economy help the world avoid a Great Depression

Derek Thompson interviewed Flemming Larsen, a professor at the Center for Labor Market Research at Denmark’s Aalborg University: Larsen: [T]he government is paying companies for employees who are going home and not working. These workers are being paid a wage to do nothing. The government is saying: Lots of people are suddenly in danger of being fired. But if we have firing rounds, it will be very difficult to adapt later. This way, the company maintains their workforce under the…

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I’m 26 and was healthy. Coronavirus sent me to the hospital

I’m 26 and was healthy. Coronavirus sent me to the hospital

Fiona Lowenstein writes: I’m 26. I don’t have any prior autoimmune or respiratory conditions. I work out six times a week, and abstain from cigarettes. I thought my role in the current health crisis would be as an ally to the elderly and compromised. Then, I was hospitalized for Covid-19. On Friday, March 13, only a few hours after deciding I would begin to socially distance for the well-being of others, I developed a fever and headache. I tried not…

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Lost sense of smell may be peculiar clue to coronavirus infection

Lost sense of smell may be peculiar clue to coronavirus infection

The New York Times reports: A mother who was infected with the coronavirus couldn’t smell her baby’s full diaper. Cooks who can usually name every spice in a restaurant dish can’t smell curry or garlic, and food tastes bland. Others say they can’t pick up the sweet scent of shampoo or the foul odor of kitty litter. Anosmia, the loss of sense of smell, and ageusia, an accompanying diminished sense of taste, have emerged as peculiar telltale signs of Covid-19,…

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Can a century-old TB vaccine steel the immune system against the new coronavirus?

Can a century-old TB vaccine steel the immune system against the new coronavirus?

Science reports: Researchers in four countries will soon start a clinical trial of an unorthodox approach to the new coronavirus. They will test whether a century-old vaccine against tuberculosis (TB), a bacterial disease, can rev up the human immune system in a broad way, allowing it to better fight the virus that causes coronavirus disease 2019 and, perhaps, prevent infection with it altogether. The studies will be done in physicians and nurses, who are at higher risk of becoming infected…

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U.S. axed CDC expert job in China months before virus outbreak

U.S. axed CDC expert job in China months before virus outbreak

Reuters reports: Several months before the coronavirus pandemic began, the Trump administration eliminated a key American public health position in Beijing intended to help detect disease outbreaks in China, Reuters has learned. The American disease expert, a medical epidemiologist embedded in China’s disease control agency, left her post in July, according to four sources with knowledge of the issue. The first cases of the new coronavirus may have emerged as early as November, and as cases exploded, the Trump administration…

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Can we avoid an economic depression?

Can we avoid an economic depression?

Ryan Heath, author of Global Translations at Politico, writes: With whole sectors halted, most economists now agree the West is already in deep recession. Last week’s conversations about medium-term opportunities from the crisis (cheap energy, diversifying from China and remote working efficiencies) have become background noise. That doesn’t mean we are automatically headed for a 1930s-style depression. But the speed of economic collapse is different and terrifying in 2020. It took three years for the economy to shrink by a…

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A hundred years on, will there be another Great Depression?

A hundred years on, will there be another Great Depression?

The Observer reports: Such was the scale of the global market crash last week in the wake of the coronavirus outbreak, the spectre of the 1929 Wall Street rout and the ensuing Great Depression of the 1930s has been raised. Comparisons no longer seem fanciful. The failure of the US and the UK to swing into action with a wide range of mitigation measures – despite the lessons of Italy’s slow response to the spread of Covid-19 – has heightened…

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U.S. jobless rate may soar to 30%, Federal Reserve Bank’s Bullard Says

U.S. jobless rate may soar to 30%, Federal Reserve Bank’s Bullard Says

Bloomberg reports: Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product. Bullard called for a powerful fiscal response to replace the $2.5 trillion in lost income that quarter to ensure a strong eventual U.S. recovery, adding the Fed would be poised to do more to ensure markets function during a period of…

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The coronavirus could cause a social recession

The coronavirus could cause a social recession

Vivek H. Murthy and Alice T. Chen write: In early March, as cases of the novel coronavirus were increasing far more quickly than doctors in the United States could detect, the two of us knew we had to change how we and our two small children were living our lives. We canceled birthday parties, medical conferences, restaurant outings, and our children’s classes. We began greeting people without physical contact—not an easy task for two people who are inclined to hug…

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Why the coronavirus has been so successful

Why the coronavirus has been so successful

Ed Yong writes: One of the few mercies during this crisis is that, by their nature, individual coronaviruses are easily destroyed. Each virus particle consists of a small set of genes, enclosed by a sphere of fatty lipid molecules, and because lipid shells are easily torn apart by soap, 20 seconds of thorough hand-washing can take one down. Lipid shells are also vulnerable to the elements; a recent study shows that the new coronavirus, SARS-CoV-2, survives for no more than…

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If we’re bailing out corporations, they should bail out the planet

If we’re bailing out corporations, they should bail out the planet

Bill McKibben writes: One of the best chances to make some positive use of the coronavirus pandemic may be passing swiftly. As the economy craters, big corporations are in need of government assistance, and, on Capitol Hill, the sound of half a trillion dollars in relief money is bringing out the lobbyists. On Thursday afternoon, Senator Sheldon Whitehouse, Democrat of Rhode Island, described the scene as a “trough” and mentioned a quote from a lobbyist in The Hill: “Everybody’s asking…

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Italy, pandemic’s new epicenter, has lessons for the world

Italy, pandemic’s new epicenter, has lessons for the world

The New York Times reports: As Italy’s coronavirus infections ticked above 400 cases and deaths hit the double digits, the leader of the governing Democratic Party posted a picture of himself clinking glasses for “an aperitivo in Milan,” urging people “not to change our habits.” That was on Feb. 27. Not 10 days later, as the toll hit 5,883 infections and 233 dead, the party boss, Nicola Zingaretti, posted a new video, this time informing Italy that he, too, had…

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DOJ seeks new emergency powers such as indefinite detention amid coronavirus pandemic

DOJ seeks new emergency powers such as indefinite detention amid coronavirus pandemic

Politico reports: The Justice Department has quietly asked Congress for the ability to ask chief judges to detain people indefinitely without trial during emergencies — part of a push for new powers that comes as the coronavirus spreads through the United States. Documents reviewed by POLITICO detail the department’s requests to lawmakers on a host of topics, including the statute of limitations, asylum and the way court hearings are conducted. POLITICO also reviewed and previously reported on documents seeking the…

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Younger adults are large percentage of coronavirus hospitalizations in U.S., according to new CDC data

Younger adults are large percentage of coronavirus hospitalizations in U.S., according to new CDC data

The Washington Post reports: The deadly coronavirus has been met with a bit of a shrug among some in the under-50 set in the United States. Even as public health officials repeatedly urged social distancing, the young and hip spilled out of bars on Bourbon Street in New Orleans. They gleefully hopped on flights, tweeting about the rock-bottom airfares. And they gathered in packs on beaches. Their attitudes were based in part on early data from China, which suggested covid-19…

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