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Treasury Secretary Mnuchin: coronavirus is ‘unique situation’ Dr Anthony Fauci: ‘Life is not going to be the way it used to be’ Trump’s testing failures pave way to disaster, experts say Coronavirus outbreak – live updates The Trump administration on Sunday sought to downplay fears of a recession tied to the coronavirus pandemic, as Treasury […] More
American Airlines to scrap most long-haul flights while Australia orders all arrivals to self-isolate and Spain goes into lockdown Coronavirus – latest updates The international travel industry faces a widespread shutdown over coronavirus fears after airlines announced new flight reductions and more countries introduced travel bans and isolation requirements. Travel businesses were hit with multiple […] More
Scramble for flights before coronavirus travel suspension comes into effect on Friday Coronavirus – latest updates Have you been affected? People in Europe have been hiring private jets and paying large sums for last-minute tickets in an attempt to beat Donald Trump’s ban on flights – although many seem to be US citizens confused as […] More
Donald Trump is all about boundaries. At a personal level, he doesn’t like touching strangers for fear of infection. Politically, he makes no long-lasting close alliances. And geopolitically, he obsesses over strong borders: big walls, more stringent immigration requirements, tariffs on foreign imports. But Trump is nothing if not a walking contradiction. For a guy who shies […] More
Companies spent $84m on congressional campaigns in 2018, analysis of votes and political contributions shows The oil and gas industry substantially rewards US legislators with campaign donations when they oppose environmental protections, according to a new analysis of congressional votes and political contributions. Oil and gas companies spent $84m on congressional campaigns in 2018. Researchers […] More
In the most recent Democratic presidential primary debate in Nevada, MSNBC journalist Chuck Todd asked candidate Bernie Sanders a probing question, “What did you mean that you don’t think they [billionaires] should exist?” Sanders described the effects of an economic system that allows for “a grotesque and immoral distribution of wealth and income.” Todd then […] More
Jeff Bezos has apparently realized that for his customers to retain the level of disposable income required to ensure their continued capacity to order goods from Amazon, their survival might be a critical factor. Not everyone can spend $165 million on a residence that will never suffer from a lack of water or be threatened […] More
Seismic risks for the global system are growing, not least worsening US geopolitical rivalries, climate change and now the coronavirus outbreak In my 2010 book, Crisis Economics, I defined financial crises not as the “black swan” events that Nassim Nicholas Taleb described in his eponymous bestseller but as “white swans”. According to Taleb, black swans […] More
