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The Global Hack is calling for help to address COVID-19 with innovative ideas

The Global Hack is a 48-hour online brainstorming marathon beginning on Thursday, April 9. The event is open to anyone with a solution to address the COVID-19 pandemic and socioeconomic problems caused by it. The prize pool is estimated at 120,000 euros, or about $130,000 U.S. dollars. A worldwide event to rapidly combat the coronavirus by linking together brilliant ideas from around the globe begins Thursday, April 9.The Global Hack is calling on the global tech community to develop and sha...
Tags: Health, Spacex, Technology, Internet, Government, Future, Economics, Tesla, Web, Computers, Policy, Public Health, Innovation, Estonia, Start-up, UTC


Global leaders urge G20 to tackle twin health and economic crises

Letter calls for $8bn emergency fund to bolster health systems in world’s poorer countriesA group of 165 global leaders has called for immediate and coordinated international action to tackle the twin health and economic emergencies caused by the Covid-19 pandemic.Past and present politicians – including three former UK prime ministers – joined academics and civil society representatives to warn the G20 that the virus will return unless urgent action is taken to bolster health systems in poor co...
Tags: Business, UK, Africa, Economics, G20, World news, Global Economy, Global development, World Bank, Latin America, International Monetary Fund (IMF, Coronavirus outbreak


The EU can emerge stronger from the pandemic if Merkel seizes the moment | Timothy Garton Ash

One member state has become a dictatorship as others spiral into debt. Germany must lead through the coronavirus crisis Coronavirus – latest updatesSee all our coronavirus coverage“Europe will be forged in crises,” said Jean Monnet, one of the founding fathers of the European Union, “and will be the sum of the solutions adopted for those crises.” What kind of Europe emerges from the coronavirus crisis will depend on the answers given to three tests.First, the Hungarian test: can a dictatorship b...
Tags: Europe, Germany, Angela Merkel, Economics, Eu, European Union, World news, Hungary, Italy, Merkel, Viktor Orban, Timothy Garton Ash, Fidesz, European Community, Monnet, Jean Monnet


Further notes on CBA for pandemic options

Apart from the outline info I provided here, I’m going to make note of further thoughts here – this is a placeholder post. If readers have any thoughts, please add. INDIRECT COSTS Fewer resources for other emergency surgery (e.g. cancer) – leading to additional deaths Reduced productivity from people working at home/ reduced agglomeration effects […]
Tags: Travel, Economics, Swarna Bharat Party


Sanctions are crippling Iran's fight against coronavirus | Pirouz Hanachi

As mayor of Tehran I have seen lives lost as a result of medical shortages. This is no time for vindictive politics• Coronavirus latest updates• See all our coronavirus coverageTo many of us urban administrators in Iran, the onslaught of coronavirus has underscored an important fact of life: no town, city or nation can be indifferent to global crises, even in far-flung corners of our world.Indeed, while the mantra of good governance over the past century has been to “think global, act local”, we...
Tags: Business, Science, Republicans, Economics, World news, US foreign policy, US news, Iran, Middle East and North Africa, US politics, Infectious Diseases, Global Economy, Tehran, Donald Trump, Pirouz Hanachi, Coronavirus outbreak


Unemployment in US and UK may 'rise above Great Depression'

Coronavirus fuelling faster collapse than 1930s, warns ex-Bank of England rate-setterCoronavirus – latest updatesSee all our coronavirus coverageUnemployment in Britain and the US could surpass the levels reached during the 1930s Great Depression within months as the coronavirus crisis crushes the global economy, a former Bank of England official has warned.In a stark forecast as job losses mount around the world, David Blanchflower, professor of economics at Dartmouth College in the US and a me...
Tags: Europe, Business, Politics, UK, US, International Trade, Economics, Bank Of England, Society, UK News, Britain, Unemployment, Global Economy, US economic growth and recession, Economic policy, Economic recovery


Unemployment in US and UK 'may be worse than in Great Depression'

Coronavirus fuelling faster collapse than 1930s, warns ex-Bank of England rate-setterCoronavirus – latest updatesSee all our coronavirus coverageUnemployment in Britain and the US could surpass the levels reached during the 1930s Great Depression within months as the coronavirus crisis crushes the global economy, a former Bank of England official has warned.In a stark forecast as job losses mount around the world, David Blanchflower, professor of economics at Dartmouth College in the US and a me...
Tags: Europe, Business, Politics, UK, US, International Trade, Economics, Bank Of England, Society, UK News, Britain, Unemployment, Global Economy, US economic growth and recession, Economic policy, Economic recovery


UK business activity plunges to lowest ebb since records began

‘Horrid, hideous, harrowing’ – insiders struggle to describe extent of coronavirus damageCoronavirus – latest updatesSee all our coronavirus coverageBusiness activity in Britain and the eurozone has plunged to the lowest levels since the start of closely watched surveys more than two decades ago, as the coronavirus crisis triggers a deep recession and widespread job losses.The latest snapshot from the purchasing managers indices (PMI) revealed the early extent of the damage in March as countries...
Tags: Europe, Business, UK, Economics, UK News, Britain, Eurozone, Manufacturing sector, Services sector, Economic growth (GDP, Coronavirus outbreak


How downward social mobility happens

The common story about downward mobility is one of bad luck: recent generations have the misfortune of coming of age during an economic downturn, a student debt crisis, declining job security, and, now, a pandemic. Of course, these factors relate to downward mobility, but they are not all that matters. The truth is that many youth step onto mobility trajectories long before they enter the labor market. This truth is important as it can help us explain how some youth born into the same class at t...
Tags: Books, Economics, Sociology, Social Mobility, Inequality, Social Sciences, Business & Economics, Jessi Streib, Aleksandar Pasaric, Privilege Lost


3 things that happen to the cryptocurrency markets during times of economic uncertainty

Born in the wake of the 2008 financial crisis, Bitcoin hasn't yet faced a downturn like we're starting to experience.Based on the developments of recent weeks, some crypto market trends are starting to emerge.Bitcoin's relationship to gold is strong, futures and options are losing their lure, and stablecoins are on the rise.Although nobody knows yet what the outcome of the global coronavirus crisis will look like, there is one conclusion on which everyone seems to agree: The economic fallout is ...
Tags: Asia, Finance, Recession, Markets, Economics, Bitcoin, Innovation, The Times, Cryptocurrency, Satoshi Nakamoto, Nyse, Financial Markets, USDT, Stablecoins, Coronavirus, Sam Bankman


The retail TP shortage may be real and due to the shift in where we poop

I have, several times, heard the reasonable-sounding theory that America's at work pooping minimized the need for THAT MUCH retail toilet paper. Purportedly there are tons and tons of business-grade TP piling up unused. What Everyone’s Getting Wrong About the Toilet Paper Shortage There’s another, entirely logical explanation for why stores have run out of toilet paper — one that has gone oddly overlooked in the vast majority of media coverage. It has nothing to do with psychology and everyth...
Tags: Post, News, America, Economics, Toilet Paper, Fascinating Supply Chains, Where's The Charmin


Oil prices surge after Trump claims Russia and Saudi Arabia agree deal - business live

Rolling coverage of the latest economic and financial news as oil prices jump by more than 30% and the US jobless report reveals scale of coronavirus damageUS president claims oil production cut deal; Russia denies agreement US initial jobless claims hit record; 6.6m people signed on last weekEarlier: One in four UK firms cut staff levelsCoronavirus – latest updatesSee all our coronavirus coverage 5.15pm BST Oil prices are really volatile. Iraq, another member of Opec alongside Saudi Arabia,...
Tags: Business, UK, Saudi Arabia, Iraq, Russia, US, Economics, Opec, Spain, UK News, Stock Markets, Sunderland, Ftse, Eurozone, Nissan, Us Unemployment And Employment Statistics


Could COVID-19 Be Amazon’s kryptonite?

Over one-third of all 2019 ecommerce sales in the US involved a purchase from Amazon, as the company continues to grow and diversify.While the company has overcome plenty of obstacles in the past, it's possible that the COVID-19 crisis is different.Among the factors which could finally bring down the giant are disrupted supply chains, disgruntled sellers, delivery delays, warehouse infections and nosediving discretionary income among shoppers.To say that Amazon is America's biggest ecommerce mar...
Tags: Amazon, Ecommerce, China, US, America, Economics, Amazon Prime, Innovation, Amazon Web Services, Forrester Research, Amazon Fresh, FBA, Corona, Amazon Amazon, However Amazon, Sucharita Kodali


'Gender Pay Scorecard' grades 50 major U.S. companies

The report was conducted by the investment firm Arjuna Capital, which has been publishing the Gender Pay Scorecard for the past three years.Only three companies — Starbucks, Mastercard and Citigroup — received an "A", as defined by the report's methodology.It's likely that discrimination explains part of the gender pay gap, but it's a complex issue that often gets oversimplified. How wide is the gender pay gap at some of the world's largest companies?For this year's Equal Pay Day on March 31,...
Tags: Gender, Economics, Harvard University, Innovation, Citigroup, Starbucks, Gender Equality, Pay Gap, Women In Business, Inequality, Mastercard, Evolutionary Psychology, U S Census Bureau, U S Department of Labor, Arjuna, FMLA


How is the passion economy changing the way we look at jobs?

The widget economy has given way to something entirely different: the passion economy. Whereas the previous economy was fueled by mass production and homogeneity, growth in the passion economy involves more specialized products that less people want more intensely.This shift creates more dynamic, less linear career paths that evolve and change as you do. Ultimately, this will lead to more fulfilling and better paid work. The Passion Economy: The New Rules ...
Tags: Work, Money, Identity, Internet, Life, Brand, Economics, Personality, Creativity, Work-life balance, Innovation, Global development, Manufacturing, Self, Personal Growth, Goal-setting


Without solidarity between members, the eurozone won't survive coronavirus | David Adler and Jerome Roos

The Dutch-led opposition to a ‘coronabond’ to raise funds for nations hardest-hit by the pandemic is self-defeatingCoronavirus – latest updatesSee all our coronavirus coverageLast Thursday, the leaders of the European Union convened a video conference to deliberate the escalating Covid-19 crisis. On the agenda was a simple proposal co-signed by nine different eurozone governments: the “coronabond”, a new type of public debt instrument backed by all the members of the currency union as they come ...
Tags: Europe, Economics, Spain, European Union, UK News, World news, Italy, David Adler, Coronavirus outbreak, Jerome Roos


If coronavirus sinks the eurozone, the 'frugal four' will be to blame | David Adler and Jerome Roos

The Dutch-led opposition to a ‘coronabond’ to raise funds for nations hardest-hit by the pandemic is self-defeatingCoronavirus – latest updatesSee all our coronavirus coverageLast Thursday, the leaders of the European Union convened a video conference to deliberate the escalating Covid-19 crisis. On the agenda was a simple proposal co-signed by nine different eurozone governments: the “coronabond”, a new type of public debt instrument backed by all the members of the currency union as they come ...
Tags: Europe, Economics, Spain, European Union, UK News, World news, Italy, David Adler, Coronavirus outbreak, Jerome Roos


The coronavirus crisis has brought the EU's failings into sharp relief | Larry Elliott

Last week’s meeting of leaders was supposed to help, instead it turned out to be a complete car crashEurope is being ravaged by the coronavirus pandemic. There have been more than 10,000 deaths in Italy. In the grimmest of league tables, Spain comes second. Normal life has been suspended across the continent and the hit to the economy is immense. France’s output is running at two-thirds of what it was last year. Germany has abandoned fiscal rectitude and – along with the rest – adopted a “whatev...
Tags: Europe, Business, France, Germany, Economics, Eu, Spain, European Union, European Central Bank, Italy, Eurozone, Larry Elliott, Coronavirus outbreak


'Universal basic income is a brilliant idea'. Here's why.

The welfare state is an ineffective and expensive system that hurts and targets the poor more than it helps. Universal basic income is a better alternative that could work.The question becomes, then, where would the money for UBI come from? There are a myriad of reasons why UBI via taxes would be a bad idea. Instead, we should look to socially produced capital.Companies rely on people to be successful, so a percentage of all shares of all companies should go into a public equity trust and the di...
Tags: Work, Politics, Resources, Money, Democracy, Government, Immigration, Success, Economics, Poverty, Policy, Innovation, Population, Inequality, Global Issues


Only a fifth of countries provide sick pay — the big challenges for work in a pandemic

Making sure that sick people get the care they need and don't infect others is one of the key planks of containing COVID-19 - but the majority of the world's workers have little choice about putting in a shift, even if they feel unwell. This is one of the worrying findings of a survey released by the International Trade Union Congress, which surveyed its members in 86 countries around the world to monitor government and employer responses to the pandemic. According to the study, only 21% o...
Tags: Work, Europe, Politics, US, Economics, Spain, Italy, Innovation, Argentina, Bangladesh, International Monetary Fund, Brussels, OECD, Solidarity, Epidemiology, US Australia


There will be no new comic books in any stores "until further notice," thanks to coronavirus.

Diamond Comics is the exclusive shipping and distribution source for all weekly comic books. Marvel, DC, Image, Dark Horse, Boom! — they all send their single-issues to comic book stores through Diamond. Due to coronavirus concerns, however, the company has halted all shipments for the foreseeable future. Comic book stores can still sell other merchandise, as well as some graphic novels, trade paperbacks, collected editions, and other bound book-style publications. Single-issues will also contin...
Tags: Post, Publishing, News, Comic Books, Dc Comics, Economics, Marvel Comics, Image Comics, Dark Horse Comics, Digital Comics, Diamond Comics, Again With The Comic Books, Steve Geppi, Publishing Business, Graphic Novels Comic Books, Making comics


Hotter Days May Leave You More Stressed, Depressed

The world is warming. That’s no secret. Extreme heat isn’t only dangerous for our physical health, though. New research shows hotter days may hurt our mental health as well.Read more...
Tags: Science, Economics, Mental Health, Extreme Heat


"In California, Gov. Gavin Newsom labeled construction an 'essential service.' New York Gov. Andrew Cuomo did the same..."

"... listing construction alongside child care, grocery stores, and hospitals. While some construction work easily passes this test, including repairs and maintenance of road, water, and transit infrastructure, what’s so essential about that building going up by my house? Developers, contractors, and labor unions have offered a handful of reasons that construction ought to continue through the coronavirus shutdown, a combination of blue-collar bravura, engineering needs, hygiene logic, and socie...
Tags: Real Estate, New York, Law, Labor, California, Economics, Andrew Cuomo, Gavin Newsom, Ann Althouse, Coronavirus, Ehren Gresehover


How will COVID-19 impact the economy?

Stephen M. Miller, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, gives insight into how the COVID-19 pandemic impacts American economies. Calling it a "trade-off between public health and economic health," Miller explains why social distancing is a necessary measure to avoid a total crash of economies. The SIR model, which is a guide to assessing how much of the population is actively infected, shows what could happen if the active cases of inf...
Tags: Health, US, Economics, Society, Public Health, United States, Innovation, Population, Behavioral Economics, Health Care, Vaccines, Consumerism, Ucla, Social Change, Miller, University of Nevada Las Vegas


Stock markets rally after Federal Reserve starts printing money

Dow Jones has best day since 1933, with Asian and European markets also up, after US moveCoronavirus – latest updatesSee all our coronavirus coverageGlobal stock markets staged a strong rally on Tuesday as investors were buoyed by the Federal Reserve’s efforts to boost the US economy and the prospect of Congress backing a fiscal stimulus package.The Dow Jones recorded its best day since 1933 as it gained 11.4%, or 2,113 points, while the FTSE 100 posted its highest ever gain, of 452 points, as i...
Tags: Business, Congress, US, Economics, UK News, World news, Global Economy, Federal Reserve, Dow Jones, Coronavirus outbreak


Covid-19 economic rescue plans must be green, say environmentalists

Campaigners urge governments to tie any bailouts to aviation and cruise industries to requirements for climate actionCoronavirus – latest updatesSee all our coronavirus coverageThe economic rescue packages to deal with the impact of the coronavirus must also be green, a growing chorus of environmental campaigners have urged, concerned that hasty measures will lock the world into a high-carbon future.“Governments need to put huge amounts of money into trying to sustain jobs and livelihoods,” said...
Tags: Business, Climate Change, Environment, Economics, World news, US news, Greenhouse Gas Emissions, Global Economy, Un, Mary Robinson, Coronavirus outbreak, COVID


We are entering a recession – but what did we learn from the last one?

As the coronavirus continues to spread around the world, it is abundantly clear that the global economy is entering a recession – the first we've seen since 2008.Some officials have compared the last period of economic decline – also know as the Great Recession – to the Depression, which began in 1929. Yet it is clear that these two downturns differed not only in severity but also in the consequences they had for inequality in the United States.Though the Depression was bigger and longer than th...
Tags: Money, Finance, Government, Economics, United States, Innovation, Federal Reserve, Inequality, Epidemiology, Global Issues, Ken Hou Lin, Sociology University of Texas at Austin, Megan Neely Postdoctoral Researcher Stanford


Urgent call to head off new debt crisis in developing world

Covid-19 crisis is raising borrowing costs for poorer nations just as commodity exports, tourism and remittances sent home fallRapid action is needed to head off the risk of a new debt crisis in the world’s poorest countries amid evidence that the Covid-19 pandemic is raising borrowing costs and hitting commodity exports, according to a leading campaign group.A Jubilee Debt Campaign report said some of the world’s most vulnerable nations were being hit by a double whammy of increasing debt inter...
Tags: Business, Africa, Economics, Society, World news, Commodities, Global Economy, Rating agencies, Debt relief, Standard & Poor's, Coronavirus outbreak


Bank of England's QE programme is bigger than the City expected

Quantitative easing stimulus is equivalent to almost 2% off interest ratesCoronavirus – latest updatesSee all our coronavirus coverageThe Bank of England has gone all in. By cutting interest rates to 0.1% and announcing a fresh £200bn of money creation via its quantitative easing programme it has fired all the conventional weapons in its arsenal.There will be some who say this is all reminiscent of the Beyond the Fringe sketch where Peter Cook demands “a futile gesture” to raise the whole tone o...
Tags: Business, England, London, Interest Rates, Economics, Bank Of England, UK News, Bank, Bailey, Peter Cook, Andrew Bailey, Coronavirus outbreak


ECB U-turn shows it fears coronavirus could destroy eurozone project

Bank now realises Europe will sustain grievous economic damage from Covid-19Coronavirus – latest updates See all our coronavirus coverage Weak. Clumsy. Behind the curve. The European Central Bank took stick for its initial response to the Covid-19 pandemic – and rightly so.Those accusations can no longer be levied after the ECB used an emergency meeting to launch a gigantic new package of quantitative easing (QE) – the electronic money creation device that has become a key tool for central banks...
Tags: Europe, Business, Germany, Economics, Bank Of England, European Union, European Central Bank, World news, European monetary union, Banking, Infectious Diseases, Italy, Quantitative Easing, Christine Lagarde, Ecb, Coronavirus outbreak