Subterms
Jerome Powell: recession could exacerbate income inequality Long-term consequences likely to be severe without stimulus Jerome Powell at a press briefing in March. He told the banking committee on Tuesday: ‘Until the public is confident that the disease is contained, a full recovery is unlikely.’ Photograph: Eric Baradat/AFP via Getty Images The Federal Reserve chair, […] More
Dubai — memorably called the world’s fastest city by author and analyst Jim Krane — was already traveling in the slow lane when COVID-19 arrived. The Gulf city-state is one of seven that make up the United Arab Emirates. It had survived the crash of 2009 and thrived anew on tourism, transportation, financial and property markets. However, […] More
It’s the economy, stupid – but will Trump or Biden win the argument? The coronavirus has upended things – and there are problems for the candidates as they try to make the economy a key campaign plank Donald Trump at a Honeywell factory in Phoenix in May. The economic argument for November’s election has become deeply […] More
Businesses have taken at least half a trillion dollars in coronavirus aid from the American public, and the government is refusing to disclose which companies are getting the money. The lack of oversight in the system for US lawmakers’ “paycheck protection program” makes the historic levels of spending ripe for abuse. The media and watchdogs […] More
W hen coronavirus crept across the world in early February, talk of how different nations were dealing with the virus came to resemble the Olympics for state capacity. Which country had the authority, the supplies and the expertise to “crush the curve”? A balance sheet of national progress marked out a bleak race to the […] More
Even leaders who thrive by bullying people have realised that they can’t bully a pandemic. But nor does caution fit easily with their macho political image. Their temptation has been to let it run its course instead. Now the facts are catching up with them. The Brazilian president, Jair Bolsonaro, has repeatedly dismissed the risks […] More
Government set for climbdown after US bans on Chinese telecoms group and growing resistance from backbenchers The National Cyber Security Agency in the UK is expected to conclude that US sanctions against Huawei will make it impossible to use the Chinese company’s technology as planned for 5G networks. The emergency review, announced on Sunday, is […] More
America begins to unlock for summer – but is it inviting a disastrous second wave? Covid-19 deaths are still rising, but there are signs of quarantine fatigue – and experts warn relaxing the rules too soon could have devastating consequences Coronavirus – live US updates Live global updates Folly Beach in South Carolina last weekend. […] More
