Economic Impacts

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--Lancet

Thu, 2020-09-10 17:42 — mike kraft

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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India coronavirus caseload crosses 4M, stretching resources

Sat, 2020-09-05 09:40 — mike kraft

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

...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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Billions for Japan tsunami recovery went elsewhere, reports find

Mon, 2012-11-12 18:29 — Maeryn Obley

A crane this month sorts out rubble from the 2011 earthquake and tsunami at the collection site in northeastern Japan. Some reports suggest the country's reconstruction efforts are set back by spending on unrelated projects. Credit: Koji Sasahara / Associated Press

Image: A crane this month sorts out rubble from the 2011 earthquake and tsunami at the collection site in northeastern Japan. Some reports suggest the country's reconstruction efforts are set back by spending on unrelated projects. Credit: Koji Sasahara / Associated Press

latimesblogs.latimes.com - October 31st, 2012 - Emily Alpert

Billions of dollars meant to help Japan recover from its devastating tsunami went to government projects that had little or nothing to do with the disaster, a new spending review shows.

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Japan - Fiscal Sustainability - Defying Gravity

Thu, 2012-08-16 21:40 — Kathy Gilbeaux

economist.com - by R.A. - August 14, 2012

ONE of this week's new NBER working papers is a fascinating look at Japanese government debt, by Takeo Hoshi and Takatoshi Ito.

"Economic research has been accumulating overwhelming evidence against the fiscal sustainability of Japan. Many international financial institutions, credit rating agencies, and private-sector analysts agree over this assessment. Yet, the JGB interest rate has been low and stable. The 10-year JGB rate has been below 2% since 1999, and between 0.8% and 1.5% in the last few years. The rate is much lower than the bond rate of other advanced countries. This is despite the fact that Japan has a higher debt to GDP ratio than the European countries that have suffered from sovereign debt crises in the last two years—Greece, Ireland, Portugal, Spain, and Italy. JGB yield actually fell as the Japanese debt to GDP ratio increased in the 1990s and 2000s as Figure 3 shows. Why has the JGB yield not risen?"

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DEFYING GRAVITY:
HOW LONG WILL JAPANESE GOVERNMENT BOND PRICES REMAIN HIGH? - (63 page .PDF file)
http://papers.nber.org/tmp/78579-w18287.pdf

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Three Reasons Japan’s Economic Pain Is Getting Worse

Fri, 2012-04-27 22:36 — Kathy Gilbeaux

submitted by Samuel Bendett

bloomberg.com - by Jared Diamond - April 25, 2012

Japan’s economic problems are serious and getting worse. Foremost among them is the crushing burden of government debt.

Japan’s ratio of government debt to gross domestic product, currently about 2.28, is by far the highest in the industrial world, almost double that of even Greece and Italy, and steadily growing. Already, the combined costs of interest on that debt and social security are approximately equal to total government tax revenue.

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

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

New Federal Report Warns of Financial Havoc From Climate Change

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

Background

India coronavirus caseload crosses 4M, stretching resources

Virus wipes out 5 years of U.S economic growth

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

Billions for Japan tsunami recovery went elsewhere, reports find

Japan - Fiscal Sustainability - Defying Gravity

Three Reasons Japan’s Economic Pain Is Getting Worse

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