Economic Impacts

Up to 150 million could join extreme poor, World Bank says JOHANNESBURG (AP) — Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the COVID-19... AP NEWS

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Up to 150 million could join extreme poor, World Bank says

Thu, 2020-10-08 10:25 — mike kraft

JOHANNESBURG (AP) — Up to 150 million people could slip into extreme poverty, living on less than $1.90 a day, by late next year depending on how badly economies shrink during the COVID-19 pandemic, the World Bank said Wednesday in an outlook grimmer than before.

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COVID-19 and Illicit Trade: When Organized Crime and Terrorists Profit from the Pandemic - Homeland Security Today Criminals have been quick to capitalize on these opportunities, perpetuating illicit activity when governments, industry and the general public are most vulnerable. Homeland Security Today

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COVID-19 and Illicit Trade: When Organized Crime and Terrorists Profit from the Pandemic

Tue, 2020-09-29 20:57 — mike kraft

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Fear of more coronavirus-like pandemics as land rights 'under siege' Governments' failure to recognise the land rights of indigenous communities and their role in protecting biodiversity could lead to more coronavirus-like pandemics, researchers said on Tuesday. Nita Bhalla U.S.

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STUDY: Fear of more coronavirus-like pandemics as land rights 'under siege'

Wed, 2020-09-16 20:36 — mike kraft

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Africa

Australia

China

Democratic Republic of the Congo

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New Federal Report Warns of Financial Havoc From Climate Change

Fri, 2020-09-11 11:41 — mike kraft

WASHINGTON — A report commissioned by federal regulators overseeing the nation’s commodities markets has concluded that climate change threatens U.S. financial markets, as the costs of wildfires, storms, droughts and floods spread through insurance and mortgage markets, pension funds and other financial institutions.

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Projected health-care resource needs for an effective response to COVID-19 in 73 low-income and middle-income countries: a modelling study The sizeable costs of a COVID-19 response in the health sector will escalate, particularly if transmission increases. Instituting early and comprehensive measures to limit the further spread of the virus will conserve resources and sustain the response. The Lancet Global Health

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Projected health-care resource needs for an effective response to COVID-19 in 73 low-income and middle-income countries--Lancet

Thu, 2020-09-10 17:42 — mike kraft

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India coronavirus caseload crosses 4M, stretching resources NEW DELHI (AP) — India’s coronavirus caseload surpassed 4 million on Saturday, deepening misery in the country's vast hinterlands, where surges have crippled the underfunded health care system.... AP NEWS

India coronavirus caseload crosses 4M, stretching resources

Sat, 2020-09-05 09:40 — mike kraft

...The Indian economy has shrunk faster than any other major nation’s. As many as 200 million people could slip back into poverty...

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Virus wipes out 5 years of U.S economic growth

Fri, 2020-07-31 09:53 — mike kraft

The coronavirus pandemic’s toll on the nation’s economy became emphatically clearer Thursday as the government detailed the most devastating three-month collapse on record, which wiped away nearly five years of growth.

Gross domestic product, the broadest measure of goods and services produced, fell 9.5 percent in the second quarter of the year as consumers cut back spending, businesses pared investments and global trade dried up, the Commerce Department said.

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Remittances: They Crossed Oceans to Lift Their Families Out of Poverty. Now, They Need Help.

Mon, 2020-07-27 13:56 — mike kraft

...Around the globe, the pandemic has jeopardized a vital artery of finance supporting hundreds of millions of families — so-called remittances sent home from wealthy countries by migrant workers. As the coronavirus has sent economies into lockdown, sowing joblessness, people accustomed to taking care of relatives at home have lost their paychecks, forcing some to depend on those who have depended on them.

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