Another example of the racial and economic disparities in the impact of this virus. The white and wealth, often synonymous terms in Manhattan, can afford to abandon their primary residences. Meanwhile, residents of poorer boroughs must remain in the city and face the nation’s worst outbreak.
“Five reasons the stock market is soaring as the economy is floundering: from buoyant tech stocks to high earnings hopes to fear of missing out” https://www.wsj.com/amp/articles/why-is-the-stock-market-rallying-when-the-economy-is-so-bad-11588974327
This Wall Street Journal article discusses the economic costs of the coronavirus pandemic. Specifically, the article elaborates on how California had an economic deficit prior to the coronavirus pandemic and is currently having difficulty funding is social welfare programs because it is being faced with abnormally high unemployment levels. https://www.wsj.com/articles/california-is-first-state-to-borrow-from-federal-government-to-make-unemployment-payments-11588617257?mod=hp_lead_pos2
This is an article that discusses the problems with GA reopening the economy and businesses too soon. It outlines how many peoples lives are at stake with this rash decision. We are already seeing the numbers and mortality/case rates double in the past 24 hours. https://www.theatlantic.com/health/archive/2020/04/why-georgia-reopening-coronavirus-pandemic/610882/
Dr. Jarvis T. Chen and Dr. Nancy Krieger of the Harvard T.H. Chan School of Public Health have recently published a paper, “Revealing the unequal burden of COVID-19 by income, race/ethnicity, and household crowding: US county vs. ZIP code analyses,” in which they examine COVID-19 disparities through an analysis of factors such as income, race/ethnicity, … Read more
This CBS News article and video highlights the state of the meat industry in America, how Trump’s executive order has protected industries from getting sued if their workers get sick, and how the mandate to keep these meat processing facilities open has caused them to become COVID-19 hotspots.
“Moral Hazard” describes a situation in which the costs of risky behavior are not entirely borne the the actor, but shared with others. Not surprisingly, this encourages risky behavior.
Yes, there are a few benefits!
This interactive New York Times opinion article breaks down how much time a household would need to save enough money for a month’s worth of expenses during an emergency like the COVID-19 pandemic. For households earning more than $200,000 annually, it could take about two months. Households earning between $70,000 and $99,999 would need seven … Read more
“While almost three in four white voters said they did not know someone who died of the virus, 48 percent of black voters, and 52 percent of Latino voters, said they did.”
