Attention to the Unseen

Daniel W. Drezner writes: Over the weekend, the hard-working staff here at Spoiler Alerts read a lot of analysis about what the Trump administration was thinking and doing about reelection. What all of this analysis had in common was a refusal to acknowledge some brute facts. My personal favorite is this headline on an Associated Press story: “Coronavirus could complicate Trump’s path to reelection.” I know the AP is as strait-laced as possible in its coverage, and to be fair,…

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The Financial Times reports: Unlike other world leaders, from Donald Trump in the US to Xi Jinping in China, who are trying to return their countries to where they were before the pandemic, the 42-year-old [French president] Mr Macron says he sees the crisis as an existential event for humanity that will change the nature of globalisation and the structure of international capitalism. As a liberal European leader in a world of strident nationalists, Mr Macron says he hopes the…

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CNN reports: States on the country’s East and West coasts are forming their own regional pacts to work together on how to reopen from the stay-at-home orders each has issued to limit the spread of the novel coronavirus. The first such group to be announced came Monday on the East Coast. Democratic New York Gov. Andrew Cuomo said his state, New Jersey, Connecticut, Pennsylvania, Delaware, Rhode Island and Massachusetts each plan to name a public health and economic official to…

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The Washington Post reports: Employers and employees around the world are anxious to get back to work as soon as possible. A picture of how that will unfold is starting to emerge — and it’s far from straightforward. Businesses have long relied on a five-tier inverted pyramid called the “hierarchy of controls” to reduce workplace risks to employees, ranging from chemical exposure to physical injury. This framework will also be the basis for companies’ plans to get back to work,…

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Robert Reich writes: As millions of jobless Americans line up for food or risk their lives delivering essential services, the nation’s billionaires are making conspicuous donations – $100m from Amazon’s Jeff Bezos for food banks, billions from Microsoft co-founder Bill Gates for a coronavirus vaccine, thousands of ventilators and N95 masks from Elon Musk, $25m from the Walton family and its Walmart foundation. The list goes on. On Wednesday, Forbes released its annual billionaires list, happily noting that “the planet’s…

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The Guardian reports: Billions of dollars worth of food is going to waste as growers and producers from California to Florida are facing a massive surplus of highly perishable items. As US food banks handle record demand and grocery stores struggle to keep shelves stocked, farmers are dumping fresh milk and plowing vegetables back into the dirt as the shutdown of the food service industry has scrambled the supply chain. Roughly half the food grown in the US was previously…

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Larry Elliott writes: It is New Year’s Eve 2019 and around the world stock markets are closing for business on a high note. Shares in the US are up by almost 30% on the year, those in Japan by 18%. Even in Britain, where the mood has been dampened by months of Brexit uncertainty, the FTSE 100 has risen by 12%. Overall, it had been the best year for stocks since 2009 and traders saw no real reason why the…

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The Washington Post reports: After 10 weeks confined to their apartments, unable to exercise, shop for groceries or walk their dogs, Wuhan residents are emerging into the daylight. The subway and intercity trains are running again. Shopping malls and even the Tesla store are reopening. State-owned companies and manufacturing businesses are turning on their lights, with others to follow. “I’ve been indoors for 70 days. Today is the first time that I came outside,” one woman who ventured into a…

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CNBC reports: Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate. Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things could get. The projections are even worse than St. Louis Fed President James Bullard’s much-publicized estimate of 30%….

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Farhad Manjoo writes: Why is the United States running out of face masks for medical workers? How does the world’s wealthiest country find itself in such a tragic and avoidable mess? And how long will it take to get enough protective gear, if that’s even possible now? I’ve spent the last few days digging into these questions, because the shortages of protective gear, particularly face masks, has struck me as one of the more disturbing absurdities in America’s response to…

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The Washington Post reports: With President Trump saying he wants “the country opened” by Easter to salvage the U.S. economy, a fierce debate is now raging among policymakers over the necessity of shutting down vast swaths of American society to combat the novel coronavirus. Health experts point to overwhelming evidence from around the world that closing businesses and schools and minimizing social contact are crucial to avoid exponentially mounting infections. Ending the shutdown now in America would be disastrous, many…

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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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