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SteveMDFP

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1150 on: January 04, 2021, 03:58:17 PM »
Sorry, my origin response was in error.  I meant to say low density, which was an obvious mistake.  I think you will agree that Australia has a low population density compared to Europe. 

Australia's population is concentrated on the coast, and further concentrated in its coastal cities.  it has rather high population density in terms of how people live.
 
Quote
I read all the links, the problem is the lockdown and the hardships that it has enacted on the people.  This seems rather consistent in the first world countries around the globe, but a bigger hardship on the poorer nations.  Still, the U.S. and Australia appear to be on similar tracks and far ahead of Europe in the rebound.  Whether this continues this year, I cannot say.

In terms of GDP, this may be accurate.  GDP is supported in the US by massive fiscal deficits combined with large asset purchases by the Federal Reserve.  However, GDP is a poor measure of the performance of an economy from the perspective of the people. The US has appalling rates of food insecurity, outright hunger, a looming eviction tsunami, high unemployment, falling employment participation, and falling health care coverage.  Suffering is massive, and not at all like Australia.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1152 on: January 04, 2021, 06:14:06 PM »
The most important fact of the economy for most Americans:
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
I am surprised they din't drop much! I remember when a working class wage could support a family.  Now you would practically be out in the street.
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1153 on: January 04, 2021, 06:35:33 PM »
The legacy of 2020: Riches for the wealthy and White, financial pain for others
https://www.cnbc.com/2021/01/01/the-covid-recession-brought-extreme-inequality-in-2020.html
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The Covid recession, and the extreme inequality it wrought, will be among 2020′s legacies.
Rich, White and college-educated Americans saw jobs recover quickly, and their wealth balloon as the stock market and housing prices reached new highs.
Racial minorities, low earners, women and those without a college degree were more likely to be unemployed and fall into poverty.

U.S. economy plunges into recession amid pandemic, K-shaped recovery widens inequality
https://www.hellenicshippingnews.com/u-s-economy-plunges-into-recession-amid-pandemic-k-shaped-recovery-widens-inequality/
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After plunging into the worst recession in decades amid COVID-19 shutdowns in 2020, the U.S. economy has been recovering in recent months.
With alarming case spikes and a long-delayed fiscal relief package, however, the recovery momentum is slipping away. Overshadowed even more by a behind-schedule vaccine rollout, the country will only find an uncertain and challenging economic recovery ahead.
What’s worse, the economic pain inflicted by the pandemic has rippled unevenly across a variety of sectors, companies and communities, with certain service-intensive industries, smaller firms, and low-income Americans taking a disproportionate blow. Economists called this a K-shaped recovery, which widens inequality.

Torpy: Restaurants hunger for light at the end of the tunnel
https://www.registerguard.com/story/opinion/columns/2021/01/04/torpy-restaurants-hunger-light-end-tunnel/4105435001/
Quote
Recently, beloved Atlanta eating and drinking institutions Manuel's Tavern and the Colonnade needed GoFundMe campaigns to keep the fryers bubbling.
So, if historic operations like these need the largesse of friends to survive the pandemic, then what about the mom and pop places that don't have that kind of cachet? Well, many no longer exist.
The Atlanta Journal-Constitution's food staff has maintained an ever-growing list of the local body count. It approaches 100, with listings that make you shake your head in dismay.

Hunger cuts deeper into Bay Area than ever before, food banks say
https://www.ktvu.com/news/hunger-cuts-deeper-into-bay-area-than-ever-before-food-banks-say
Quote
The COVID-19 pandemic began nearly a year ago and one of its side effects has been that hunger is eating away at the Bay Area.
The number of households struggling to eat has more than tripled as the virus led to a loss of jobs and incomes, according to some estimates.

Hunger exploded in 2020. But it’s not all bad news.
https://www.dayton.com/news/hunger-exploded-in-2020-but-its-not-all-bad-news/BJM3YGSCA5CN7AE4LLNXSNVF3I/
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2020 was a terrible year for hunger and food insecurity, but it ended on a positive note after an anonymous benefactor donated more than $300,000 to local food relief efforts.
Hunger relief and anti-poverty groups needed all the help they could get after mass layoffs, business closures and other coronavirus-related economic disruptions led to huge lines at food pantries and left too many families with bare refrigerators and cupboards.

Eviction moratoriums not enough to protect family and child well-being
https://ctmirror.org/category/ct-viewpoints/eviction-moratoriums-not-enough-to-protect-family-and-child-well-being/
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During the COVID-19 pandemic, “home” has become more central to our lives as public health guidance instructs us to distance from our communities. However, for many of the state’s most vulnerable residents, home is neither a safe nor stable place. As the pandemic creates new barriers to maintaining income and paying rent, a new study from researchers at Georgia Tech emphasizes why proactive policies to improve housing security, including preventing evictions even before they are filed, are needed to protect children in vulnerable communities.
The study sheds light on an alarming facet of economic uncertainty in Connecticut: the link between increasing eviction filings and reports of child maltreatment.
Using data collected by the Connecticut Department of Children and Families (DCF) and state court records of evictions, the researchers found that with every additional eviction filing for every 100 occupied homes, there is a 2 percent increase in reports of child maltreatment. These increases were higher in neighborhoods with more low-income households, people of color, and households with children.

Evictions continue into the new year. Here’s what you need to know.
https://www.reviewjournal.com/local/evictions-continue-into-the-new-year-heres-what-you-need-to-know-2241320/
Quote
The state’s eviction moratorium in effect through the end of March is not automatic.
Experts say much like the federal moratorium issued by the Centers for Disease Control and Prevention, renters need to take immediate action or they can still be evicted.
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The Walrus

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1154 on: January 04, 2021, 07:33:20 PM »
Sorry, my origin response was in error.  I meant to say low density, which was an obvious mistake.  I think you will agree that Australia has a low population density compared to Europe. 

Australia's population is concentrated on the coast, and further concentrated in its coastal cities.  it has rather high population density in terms of how people live.
 
Quote
I read all the links, the problem is the lockdown and the hardships that it has enacted on the people.  This seems rather consistent in the first world countries around the globe, but a bigger hardship on the poorer nations.  Still, the U.S. and Australia appear to be on similar tracks and far ahead of Europe in the rebound.  Whether this continues this year, I cannot say.

In terms of GDP, this may be accurate.  GDP is supported in the US by massive fiscal deficits combined with large asset purchases by the Federal Reserve.  However, GDP is a poor measure of the performance of an economy from the perspective of the people. The US has appalling rates of food insecurity, outright hunger, a looming eviction tsunami, high unemployment, falling employment participation, and falling health care coverage.  Suffering is massive, and not at all like Australia.

Not sure where you are getting your information on hunger, but the U.S. ranks up with most other first world countries.

https://docs.wfp.org/api/documents/WFP-0000118395/download/?_ga=2.97289055.1566051421.1609781784-2129997529.1609781784

Regarding food insecurity, the U.S. fares even better, ranked 3rd in the world, behind only Singapore and Ireland (Australia is ranked 21th.

https://foodsecurityindex.eiu.com/

Unemployment in the U.S. is comparable to other first world countries.  Lower than either Australia or the EU (even if you exclude the high unemployment countries of Greece, Spain,  Italy, Scandinavia, and the Baltic states).

https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS

Healthcare coverage has risen, not fallen over the past decades

https://www.kff.org/uninsured/slide/uninsured-rate-among-the-nonelderly-population-1972-2018/

harpy

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1155 on: January 04, 2021, 07:59:36 PM »
One thing for sure, very few people in the US are starving...

"Healthcare" is such that emergency rooms do not legally turn people away, but they may be financially ruined as a result.

The ER's will NOT turn you away though, so even after losing everything, at least there's that good American healthcare.

If that's the definition of healthcare, then yes, virtually everyone in the US has healthcare. :-*

SteveMDFP

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1156 on: January 04, 2021, 08:09:39 PM »


Not sure where you are getting your information on hunger, but the U.S. ranks up with most other first world countries.

https://docs.wfp.org/api/documents/WFP-0000118395/download/?_ga=2.97289055.1566051421.1609781784-2129997529.1609781784

Regarding food insecurity, the U.S. fares even better, ranked 3rd in the world, behind only Singapore and Ireland (Australia is ranked 21th.

https://foodsecurityindex.eiu.com/

Unemployment in the U.S. is comparable to other first world countries.  Lower than either Australia or the EU (even if you exclude the high unemployment countries of Greece, Spain,  Italy, Scandinavia, and the Baltic states).

https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS

Healthcare coverage has risen, not fallen over the past decades

https://www.kff.org/uninsured/slide/uninsured-rate-among-the-nonelderly-population-1972-2018/

This thread is for Covid consequences.  Your references appear to be pre-pandemic.  E.g., for WFP, "Prevalence of undernourishment in the total population (percent) in 2017-19"

We don't have good statistics for current food insecurity yet.  But at some point, you have to give some credence to the current tsunami of anecdotes about, e.g., food lines stretching for miles.

Regardless of how much credence you give to such reports, pre-pandemic statistics are irrelevant to this thread.

The Walrus

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1157 on: January 04, 2021, 08:53:09 PM »


Not sure where you are getting your information on hunger, but the U.S. ranks up with most other first world countries.

https://docs.wfp.org/api/documents/WFP-0000118395/download/?_ga=2.97289055.1566051421.1609781784-2129997529.1609781784

Regarding food insecurity, the U.S. fares even better, ranked 3rd in the world, behind only Singapore and Ireland (Australia is ranked 21th.

https://foodsecurityindex.eiu.com/

Unemployment in the U.S. is comparable to other first world countries.  Lower than either Australia or the EU (even if you exclude the high unemployment countries of Greece, Spain,  Italy, Scandinavia, and the Baltic states).

https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS

Healthcare coverage has risen, not fallen over the past decades

https://www.kff.org/uninsured/slide/uninsured-rate-among-the-nonelderly-population-1972-2018/

This thread is for Covid consequences.  Your references appear to be pre-pandemic.  E.g., for WFP, "Prevalence of undernourishment in the total population (percent) in 2017-19"

We don't have good statistics for current food insecurity yet.  But at some point, you have to give some credence to the current tsunami of anecdotes about, e.g., food lines stretching for miles.

Regardless of how much credence you give to such reports, pre-pandemic statistics are irrelevant to this thread.

Food insecurity increased worldwide due to the lockdowns.  The U.S. is no different. 

https://www.brookings.edu/blog/up-front/2020/11/23/hungry-at-thanksgiving-a-fall-2020-update-on-food-insecurity-in-the-u-s/

The claims that the issues are somehow worse in the U.S. has no credence.  The lockdowns need to be lifted soon to avert a potential global crisis.  Let's not make the cure worse than the cause.

Alexander555

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1158 on: January 04, 2021, 09:08:55 PM »
The most important fact of the economy for most Americans:
https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/
I am surprised they din't drop much! I remember when a working class wage could support a family.  Now you would practically be out in the street.

Real estate probably has something to do with it. If i take the price of a piece of land here 40 years ago.., that was like 8000 to 9000 €. Now you pay something between 100 000 and 200 000 €. If you take all these 3, 4 , 5 %'s together , you dont even come close to the rise in prices for real estate. And for most people that's the most importand investment in their life. The same thing as 40 years ago just takes more money.

Alexander555

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1159 on: January 04, 2021, 09:37:18 PM »
And that problem is connected to that low interest rate. To buy an average house here costs me 20 years of work. If i would pay it myself. And most people borrow for their house. If you have to add interest to that debt, that house will cost plenty more years of work. And you only have 40 years.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1160 on: January 04, 2021, 09:46:13 PM »
America May Have the Worst Hunger Problem of Any Rich Nation

(And that's pre-pandemic)

https://slate.com/business/2014/09/american-hunger-it-s-embarrassing-by-rich-country-standards.html

Quote
...According to Gallup’s findings, cited by the OECD, Americans are far more likely to say they were unable to pay for food than citizens of other rich countries.

In 2011 and 2012, 21 percent of U.S. citizens reported food trouble, versus 8 percent of British survey takers, 6 percent of Swedes, and 5 percent of Germans...

Last year, almost a third of families with kids in the US were food insecure: https://www.npr.org/2020/09/27/912486921/food-insecurity-in-the-u-s-by-the-numbers

Hunger in America, Especially for Children, Has “Skyrocketed” During Covid-19


https://theintercept.com/2020/09/23/hunger-food-insecurity-coronavirus-children-census/
« Last Edit: January 04, 2021, 09:52:00 PM by wili »
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1161 on: January 06, 2021, 01:27:46 PM »
Consequences, other:

A lot more children suffer child abuse during lock down in the Netherlands. An estimated 40.000 vs 15.000 in the reference period (2017).

https://www.nu.nl/coronavirus/6100438/onderzoek-fors-meer-kinderen-slachtoffer-van-mishandeling-tijdens-lockdown.html
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1162 on: January 07, 2021, 11:40:02 AM »
<Off Topic, try Politics below. kassy>
« Last Edit: January 07, 2021, 04:08:33 PM by kassy »
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1163 on: January 07, 2021, 01:48:42 PM »
Black and Hispanic workers feeling brunt of pandemic recession according to Philly Fed
https://whyy.org/articles/black-and-hispanic-workers-feeling-brunt-of-pandemic-recession-according-to-philly-fed/
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“White workers have fared better than Black and Hispanic workers, and workers with a bachelor’s degree have fared better than those with lower levels of formal education,” said Keith Wardrip, the Fed’s community development research manager.

Hawaii facing largest recession in history
https://keyt.com/news/national-world/2021/01/06/hawaii-facing-largest-recession-in-history/
Quote
More than 3,000 island businesses remain closed because of the faltering economy.
Hawaii’s state economist believes it will be years before the negative financial effects of the pandemic disappear, even though conditions are expected to dramatically improve later this year.

Goldman Sachs warns of double-dip recession for UK on third lockdown
https://www.penews.com/articles/goldman-sachs-warns-of-double-dip-recession-for-uk-on-third-lockdown-20210107
Quote
The UK economy is entering a double-dip recession after the government announced a third lockdown in an attempt to contain the surge of Covid-19 cases across the country, US investment bank analysts Goldman Sachs said.
In a 7 January note, Goldman said it expected a 1.5% contraction in GDP in the first quarter of this year, although added that it would be smaller than the impact of the first lockdown in April but larger than the second one in November.

U.K. Heads for Deeper Double Dip Recession With Third Lockdown
https://www.bloomberg.com/news/articles/2021-01-05/u-k-head-for-deeper-double-dip-recession-with-third-lockdown
Quote
Economists said the action, announced Monday to prevent the health service from being overwhelmed by surging coronavirus infections, all but certainly means the U.K. economy will shrink in the first quarter. That will delay the recovery from the worst downturn in three centuries, which analysts say already was unlikely before 2023.

The COVID recession may kill more Americans than COVID-19 does
https://fortune.com/2021/01/06/covid-pandemic-recession-unemployment-mortality-rate-increase/
Quote
The economic effects of COVID-19 could prove deadlier than the disease itself.
So says just-released research, which concludes that the total lives lost to the virus in the U.S. may “far exceed those immediately related to the acute COVID-19 critical illness…The recession caused by the pandemic can jeopardize population health for the next two decades.”

What Is the Difference Between a Recession and an Economic Depression?
https://www.entrepreneur.com/article/362827
Quote
In this regard, the first expectations of some analysts begin to point to the possibility of a decline in the United States GDP of up to -4 percent annually during 2020 .

If so, we would be facing a real collapse in the largest economy on the planet, with all the consequences for the rest of the world and not to mention those countries that are most closely related to this nation, among them, unfortunately, Mexico. However, some analysts are also beginning to point out the beginning not of a recession, which is more than imminent and that in fact the International Monetary Fund (IMF) itself has already taken for granted, but of something much worse. These analysts say that the world economy is beginning to tilt towards a Depression; the word immediately takes us back to the 20s and 30s of the last century, with the Great Depression.

Economic outlook 2021: Beware of prolonged recession
https://www.thejakartapost.com/academia/2021/01/05/economic-outlook-2021-beware-of-prolonged-recession.html
Quote
The year 2020 has been very challenging, but 2021 is not going to get better anytime soon. In 2020, global economic growth was projected to contract by 4.9 percent with the United States suffering negative growth of 8 percent, Europe minus 10.2 percent, Japan minus six percent and Indonesia minus two percent. China is probably the only country that will record positive growth, projected at 1.2 percent.

About 20% of NY renters might be affected by evictions in 2021
https://www.mytwintiers.com/news-cat/about-20-of-ny-renters-might-be-affected-by-evictions-in-2021/
Quote
23.1% of survey respondents’ responses suggested that they faced some level of difficulty making their rent payments this year. This statistic includes those who are unsure, those who know they are at risk, those who have been evicted, worked something out with their landlord, and finally respondents who moved preemptively because they were having problems paying their rent.
9.1% of all respondents were not sure if a lift on the stop order of evictions would affect them, meaning they potentially faced issues paying their rent this year.
6.3% of respondents knew that they were at risk of eviction but didn’t have any backup plan, in contrast with only 2.6% of respondents who did have a backup plan. Respondents ages 18-24 made up the largest percentage of respondents who did not have a backup plan who were also at risk of eviction.
Only 2% of respondents were able to work out an agreement with their landlord to avoid eviction.
As much as 1.8% of respondents were already evicted this year despite any stop orders on COVID-related evictions.

Madison landlords, housing advocates anticipate spike in evictions
https://madison.com/ct/news/local/neighborhoods/madison-landlords-housing-advocates-anticipate-spike-in-evictions/article_7817d200-1734-5e11-b6a0-9175aac08a51.html
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According to the Dane County Clerk of Court’s office, 136 evictions have been filed since Nov. 15. Between Sept. 15 and Nov. 1, 140 were filed. Those numbers represent a significant uptick compared to 31 filings between April 1 and June 1.
In Dane County, 1,137 evictions were filed in 2020, down from 2,198 in 2019 and 2,041 in 2018.
“I do believe landlords are preparing and I expect a huge increase once the moratorium is lifted,” said Laura Nachazel, a court manager in the Dane County Clerk of Courts office. “I am sure many people are using the stay to live rent-free and abuse the system, but that is only my guess. I do get calls from unhappy landlords asking how they are to pay their mortgage and how one-sided this all is.”

Pandemic spurs most bankruptcy filings since 2009
https://www.chicagobusiness.com/retail/pandemic-spurs-most-bankruptcy-filings-2009
Quote
And experts predict another wave of filings that could start in the second quarter as cash runs out.

The coronavirus intensified a hunger crisis last year, but 2021 could be worse
https://www.washingtonpost.com/world/2021/01/06/coronavirus-starvation-poverty-inequality-hunger-un/
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Sigmetnow

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1164 on: January 07, 2021, 06:56:39 PM »
Inflatable costume could be behind Covid outbreak at California hospital
At least 44 staff members tested positive for the virus after a staff member wore an inflatable costume on Christmas to cheer up patients.
Quote
The hospital is looking into whether the fan on an "air-powered costume" could have spread droplets after a staff member briefly wore it in the emergency department on Christmas Day.

“Any exposure, if it occurred, would have been completely innocent, and quite accidental, as the individual had no COVID symptoms and only sought to lift the spirits of those around them during what is a very stressful time,” the hospital said.

Kaiser Permanente San Jose Medical Center will no longer allow such costumes in its facility, the statement said. ...
https://www.nbcnews.com/news/us-news/inflatable-costume-could-be-behind-covid-outbreak-california-hospital-n1252685

So.  Besides nixing the traditional singing of “Happy Birthday” (or whatever), then making a wish and blowing out the candles on your cake...  no more costumes with fans, which have the potential to be a super-spreader event.
People who say it cannot be done should not interrupt those who are doing it.

Espen

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1165 on: January 07, 2021, 11:56:36 PM »
<Off Topic, try Politics below. kassy>

Thanks for the honour of being deleted (censored), despite the fact I believe my post was related to the subject, especially  regarding COVID-19 consequences, but I understand abstract thinking is dead!
Have a ice day!

kassy

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1166 on: January 08, 2021, 02:47:03 PM »
It was political , Trump related and not discussing covid consequences.
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Espen

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1167 on: January 08, 2021, 03:35:19 PM »
It was political , Trump related and not discussing covid consequences.
I am sure of one positive consequense of the Covid Pandemic, that is the change of leadership in BSA as I call it from now, without Covid, the Orange Ape would still be there after January 20 2020.

But the "White Trash Matters" movement will still be there!
Have a ice day!

kassy

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1168 on: January 08, 2021, 09:39:33 PM »
It was political , Trump related and not discussing covid consequences.
I am sure of one positive consequense of the Covid Pandemic, that is the change of leadership in BSA as I call it from now, without Covid, the Orange Ape would still be there after January 20 2020.

But the "White Trash Matters" movement will still be there!

Trump thread is here:
https://forum.arctic-sea-ice.net/index.php/topic,1748.0.html

Þetta minnismerki er til vitnis um að við vitum hvað er að gerast og hvað þarf að gera. Aðeins þú veist hvort við gerðum eitthvað.

Espen

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1169 on: January 08, 2021, 09:41:56 PM »
It was political , Trump related and not discussing covid consequences.
I am sure of one positive consequense of the Covid Pandemic, that is the change of leadership in BSA as I call it from now, without Covid, the Orange Ape would still be there after January 20 2020.

But the "White Trash Matters" movement will still be there!

Trump thread is here:
https://forum.arctic-sea-ice.net/index.php/topic,1748.0.html

I did not mention anything about the person you refer to?
Have a ice day!

Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1170 on: January 09, 2021, 11:55:50 AM »
Will the UK experience a double-dip recession in 2021? Almost certainly
https://www.theguardian.com/business/2021/jan/09/will-the-uk-experience-a-double-dip-recession-in-2021-almost-certainly
Quote
A recession is coming but damage this time from ‘artificial hibernation by government diktat’ may prove shortlived, say economists

Maine’s job losses worse than in any recession in 50 years
https://www.pressherald.com/2021/01/07/maines-job-losses-worse-than-any-recession-in-50-years/
Quote
Maine has lost more jobs on a percentage basis during the pandemic than in any recession in the past 50 years, according to a recent analysis by the Maine Department of Labor.
Nearly 4,000 claims for state unemployment benefits were filed last week, the highest weekly claims total since mid-July. Another 230 claims were filed under a federal unemployment program. In total, about 4,300 people filed claims last week, the department reported Thursday.

Goldman Sachs cuts UK GDP forecasts with lockdown, sees first double-dip recession since the 1970s
https://markets.businessinsider.com/news/stocks/goldman-sachs-cuts-uk-gdp-outlook-sees-double-dip-recession-2021-1-1029942988
Quote
Goldman Sachs cut its forecasts for the UK economy, predicting a double-dip recession in the first quarter of 2021, after the imposition of a new national lockdown.
"Given the return to nationwide lockdown, we now expect a 1.5% contraction in real GDP in Q1, putting the UK economy into a double-dip recession," economists at the bank said in a note.
This will be the first time the UK economy will have experienced a double dip since the mid-1970s.
Goldman estimates the economy will be around 11% below its pre-COVID level by the end of the first quarter, before recovering more swiftly once lockdowns are lifted.

The Shame Of Global Hunger – OpEd
https://www.eurasiareview.com/09012021-the-shame-of-global-hunger-oped/
Quote
Hunger and malnutrition statistics are disturbing and shameful; the GHI lists 11 countries with ‘alarming levels of hunger’, eight of which are in Sub-Saharan Africa; two are war zones: Yemen and Syria. A further 31 nations (26 are in Africa) are listed as having ‘serious levels of hunger’. Since 2015, after years of decline, the number of undernourished people has been increasing yearly: from 2018 to 2019 it grew by 10 million, and Covid has intensified this trend. Hunger is a violent act, a shameful scar on our collective consciousness that now affects 9% of the world population – 60% of whom are women and children. The World Health Organization (WHO) state that around 45% of deaths among children under 5 years of age are linked to under-nutrition.”

In Houston, Evictions Continue Despite Federal Moratorium
https://www.wbur.org/hereandnow/2021/01/08/houston-texas-evictions
Quote
Congress' federal relief bill extends the moratorium on evictions through January 2021 and gives $25 billion to rental assistance programs.
But in Houston, less than 10% of eviction cases were stopped by the Center for Disease Control and Prevention's moratorium. Jen Rice of Houston Public Media has the story.

How to Stop Evictions From Further Ruining Lives
https://www.nytimes.com/2021/01/07/opinion/eviction-records-crisis.html
Quote
Millions of Americans have fallen behind on rent during the Covid-19 pandemic, prompting the passage of eviction moratoriums and rental assistance plans. But as policymakers have struggled to meet the needs of tenants and landlords, they’ve largely overlooked a crucial fact: The looming eviction crisis isn’t just about falling behind on rent and losing one’s home to eviction. It’s also about the records of those events, captured in court documents and credit reports, that will haunt millions of Americans for years to come.
Just as criminal records carry collateral consequences — preventing people from getting jobs, renting apartments and so on — blemishes on a person’s financial history can have far-ranging effects. Records of evictions can prevent Americans from renting new places to live, and debts and lawsuits related to unpaid rent can follow people as they apply for jobs, take out insurance policies, apply for mortgages and more. The process starts when landlords report late payments directly, file for eviction, sue in small claims court and hire debt collectors to pursue back rent. Those paper trails of unpaid rent and eviction get sucked into the digital warehouses of credit bureaus and data brokers.

Evictions: a sad aspect of pandemic
https://www.wdrb.com/pov/evictions-a-sad-aspect-of-pandemic-viewer-response/article_2578a142-50fa-11eb-8443-ff07cd0098d5.html
Quote
One of the saddest aspects of this pandemic has been the prospect of people losing their homes. I’m glad to see $25 billion for eviction prevention in the most recent stimulus bill. This should help renters make their payments. But here’s the thing, landlords have costs. Things like, mortgage payments, taxes, and insurance. Not to mention, water heaters that go bad and roofs that leak. To think landlords can go without rent as long as the pandemic lasts is naïve. State and local officials must get this new federal money out the door as quickly as possible. Lawmakers must eliminate red tape and combine separate eviction assistance programs to get people the relief they need.

Renters face "looming evictions cliff" as end of moratorium nears
https://www.axios.com/eviction-moratorium-rent-landlords-debtors-9fcf3b47-67d6-46c6-babb-566f34be219a.html
Quote
Although the national eviction moratorium was extended through January — thanks to the passage of the latest big stimulus — renters aren't breathing easy, according to the Urban Institute’s Coronavirus Tracking Survey.
Why it matters: Once the latest reprieve is over, renters will likely be in the same predicament as they were in September when the moratorium took effect — and the nation will face what the Urban Institute calls a "looming evictions cliff."

Why you can still be evicted despite COVID moratorium
https://www.wcpo.com/rebound/why-you-can-still-be-evicted-despite-covid-moratorium
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Woman thought CARES moratorium would cover her
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1171 on: January 10, 2021, 01:26:01 PM »
BTW, if something happens to me (felled by covid, hit by meteor, UFO abducted...) I get these links from Google News.

It's not the great recession, but the slog is recognizable
https://www.nwaonline.com/news/2021/jan/10/its-not-the-great-recession-but-the-slog-is/
Quote
Even though economic activity will probably be on an upswing, the economy will remain weakened, Stiglitz said. Eviction moratoriums and mortgage forbearance have prevented families from losing their homes, but their housing debt has been accumulating even if it has not yet shown up on household balance sheets.
Many small businesses, particularly in the hard-hit service sector, which has been a source of low-wage jobs, will not survive. Economic inequality will increase.
"There's been a lot of long-term damage," Stiglitz said.
At the same time, the ranks of workers who have been unemployed for six months or longer have swelled to more than 4 million, increasing the chances that they may never find another job. Growing numbers of men and women are also dropping out of the labor force altogether.

There will be no spring recovery. Sunak must prepare for a double-dip recession
https://www.theguardian.com/business/2021/jan/10/there-will-be-no-spring-recovery-sunak-must-prepare-for-a-double-dip-recession
Quote
The resurgence of coronavirus means renewed hardship, which the chancellor must once again spend to ameliorate

For a little bit of good news
Enbridge donates $20,000 to hunger relief in Northwest Indiana
https://www.nwitimes.com/business/local/enbridge-donates-20-000-to-hunger-relief-in-northwest-indiana/article_68330660-40bf-58fe-ad5f-97ed60f4e623.html
Quote
Enbridge, the pipeline company that operates terminals in Griffith and Schererville, recently donated $20,000 to Hoosiers Feeding the Hungry.
The money will cover meat processing fees for donated deer and livestock distributed to food banks and other hunger relief agencies serving the needy in Lake and Porter counties.

Six Things to Know About Evictions During COVID
https://www.bankerandtradesman.com/six-things-to-know-about-evictions-during-covid/
Quote
Close Analysis of Nearly 10K Cases Reveals Important Insights

CDC’s eviction moratorium set to expire without extension
https://www.ksla.com/2021/01/09/cdcs-eviction-moratorium-set-expire-without-extension/
Quote
Verni Howard, executive director for Providence House, says the pandemic is causing a boom in homelessness.
“What we’ve seen since pandemic, people who have worked all their lives high-paying jobs without wages are not able to meet their normal obligations,” said Howard.

As many face looming evictions, Bay County sees surge in homelessness
https://www.mypanhandle.com/news/panama-city/as-many-face-looming-evictions-bay-county-sees-surge-in-homelessness/
Quote
“Since COVID, there’s been an uprising in people calling, coming from different states,” said Jacqueline Vanscooter, operations specialist at the Panama City Rescue Mission. “They call and they say they’re going to be homeless when they get here,”
Vanscooter said several factors contribute to homelessness, from the seasonal transients that come to the area for the warm winter weather to evictions from COVID-19. But she said the biggest issue is the increasing lack of affordable housing in the area.
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1172 on: January 11, 2021, 02:07:25 PM »
INDICATORS: Recession again highlights need for economic diversity
https://www.heraldtribune.com/story/business/briefs/2021/01/11/recession-highlights-need-economic-diversity-sarasota-county/4125201001/
Quote
The local Sarasota County economy is growing again. But the COVID shutdown-induced recession did not affect everyone evenly. Some industries have thrived and some have been pummeled, resulting in the much-discussed K-shaped recovery.

Pandemic. Recession. Political strife: The Texas Legislature’s toughest 2021 challenges
https://www.dallasnews.com/news/politics/2021/01/10/pandemic-recession-political-strife-the-texas-legislatures-toughest-2021-challenges/
Quote
As state lawmakers gather Tuesday, Job One is avoiding catching COVID-19. They also are likely to face their most contentious session in 10 years, one expert says.

NYC small landlords say new eviction moratorium gives tenants excuse to skip rent
https://www.nydailynews.com/news/politics/new-york-elections-government/ny-eviction-moratorium-covid-landlords-tenants-foreclosure-20210111-ubph4grdcjd65actdujugfoydu-story.html
Quote
The newest New York State anti-eviction laws brought much needed relief to tenants shell-shocked by financial hardships wrought by COVID, but some mom-and-pop landlords worry those measures may ultimately leave them holding the bag.

Homeless St. Louis Residents Prepare For Looming Encampment Eviction: ‘We’re Human’
https://news.stlpublicradio.org/culture-history/2021-01-10/homeless-st-louis-residents-prepare-for-looming-encampment-eviction-were-human
Quote
For months, a small but growing group of residents have occupied about a dozen tents alongside the McGuire Moving & Storage building, a vacant warehouse off Interstate 44 in the city’s Columbus Square neighborhood. Another huddle of tents sits in a neighboring gravel lot, near the iconic Vess soda bottle north of downtown.
During the pandemic, the McGuire camp, as it’s known, has become a place for residents looking to set up a relatively stable residence — and until recently, it has faced minimal scrutiny from property owners. But late last week, a notice to vacate appeared on the side of the brick building, informing encampment residents to leave the private property by Monday morning.

Eviction cases across Iowa are starting to rise again
https://www.southernminn.com/around_the_web/news/article_26f846e7-fc42-5f9a-bc5b-9d1982432382.html
Quote
Though the monetary assistance and extension are working to prevent mass evictions of renters throughout the country, eviction cases haven't stopped entirely during the pandemic. In fact, in Cerro Gordo County and across Iowa, such cases are as frequent as they've been at any point over the past year.

Gaps In Hawaii Eviction Moratorium Leave Some Renters Scrambling For Housing
https://www.civilbeat.org/2021/01/gaps-in-hawaii-eviction-moratorium-leave-some-renters-scrambling-for-housing/
Quote
The state eviction moratorium doesn’t protect every renter. And being kicked out when you’re unemployed makes finding housing much harder.
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Sigmetnow

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1173 on: January 11, 2021, 04:22:05 PM »
Bloomberg (@business)1/10/21, 7:49 PM
At least 250,000 small companies in the U.K. are set to close in 2021 unless the government provides more assistance
https://t.co/vH53Z44cO0

Bloomberg (@business)1/10/21, 7:49 PM
The U.K. said its coronavirus vaccine rollout will accelerate with the opening of seven regional centers at sports and conference venues this week
https://t.co/cBOAUAjq33

Crypto investors 'should be prepared to lose all their money,' top UK regulator warns
https://www.cnbc.com/2021/01/11/crypto-investors-risk-losing-all-their-money-uks-fca-warns.html
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1174 on: January 12, 2021, 03:36:14 PM »
Headline GDP says we’re out of recession but the reality is quite different
https://www.irishtimes.com/business/economy/headline-gdp-says-we-re-out-of-recession-but-the-reality-is-quite-different-1.4455722
Quote
National accounts highlight ongoing problem with using GDP as gauge of Irish activity

Hunger strikes minorities more
https://www.wpsdlocal6.com/news/hunger-strikes-minorities-more/article_b843a1ae-546d-11eb-822b-4390669bc152.html
Quote
Before the COVID-19 pandemic, 11 million children lived in food insecure homes — meaning there was not enough food, or the right kind of food — to live a healthy lifestyle.
Since March of last year, an estimated 18 million kids have not gotten enough food to eat. Now a study reveals one factor that may increase a household’s risk of being food insufficient.
No job.
No savings.

Home state:
Help is On the Way, but Hunger Still Confronts a Vast Swath of Ohio
https://www.citybeat.com/news/blog/21147810/help-is-on-the-way-but-hunger-still-confronts-a-vast-swath-of-ohio
Quote
When Congress passed a $900 million covid-relief package just before Christmas, it contained good news for legions of desperate Americans. But one of Ohio’s top advocates against hunger said it won’t be nearly enough.

Time of the Hunger Moon: saints, wolves and the global pandemic
https://www.ncronline.org/news/earthbeat/time-hunger-moon-saints-wolves-and-global-pandemic
Quote
In this lonely corner of North America, against the backdrop of COVID-19, ours is a prescient moment to recognize modernity's tragic loss of spiritual relationships to the natural world. And the long-term consequences that trigger the emergence of lethal, drug-resistant infectious diseases.

Corporate Bankruptcies End 2020 at 10-Year High
https://www.globest.com/2021/01/07/corporate-bankruptcies-end-2020-at-10-year-high/
Quote
In all, 630 companies declared bankruptcy during the year.

The perilous side-effects of banning evictions mean it can’t go on forever
https://nypost.com/2021/01/11/perilous-side-effects-of-banning-evictions-mean-it-cant-go-on/
Quote
Even so, small property owners need their rental income for lots of reasons other than paying their mortgages and avoiding foreclosure, though that’s a crucial necessity, too. They need the income themselves: for groceries, utilities and other basics, as The Post’s heartbreaking story about 88-year-old Harlem landlord David Howson made clear.
In effect, Howson and thousands of other mom-and-pop property owners are being mandated to provide an interest-free loan to any tenant who chooses to put off paying rent. There will inevitably be some tenants who simply move out when their leases expire — and never repay those missed rents. Small landlords simply lack the means — including the legal sophistication — to pursue deadbeats taking advantage of the law.
Think, too, about the other destinations for some of that rental income: building maintenance and improvements. The law is a recipe for “shabbification” (the opposite of gentrification) of rental properties. It spells disaster for the ecosystem of small contractors who repair boilers, roofs and plumbing. Some economists like to talk about the “multiplier effect” of government deficit spending: how $1 can cascade through the economy. This is the opposite: an inverse multiplier that stops the flow of funds.

As eviction ban stretches on, so does uncertainty and rent debt
https://www.seattletimes.com/seattle-news/homeless/as-eviction-ban-stretches-on-so-does-uncertainty-and-rent-debt/
Quote
“Even in the best of times when everybody’s working, it’s really difficult for tenants to swing an extra $100 a month when they’re behind,” Anderson said.
Mediation programs are also having trouble reaching all of the people who could be affected when the moratorium lifts, said Laurie Davenport of Tacomaprobono Community Lawyers.
Davenport stressed that the predicted wave of evictions will compound with an existing housing shortage and homelessness crisis.
“We’re just dealing with a crisis piled on top of a crisis,” Davenport said. “We were standing on the edge of the roof, already trying not to fall off, and this is pushing people over.”
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Sigmetnow

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1175 on: January 12, 2021, 07:17:49 PM »
Photos of free school meal packages in the UK spark outrage online
Quote
Photos showing food packages being sent to school children in the UK who are currently learning remotely have sparked outrage online, with many calling the parcels "shameful," "cruel," and "disgraceful."
...
One of the photos, tweeted by @RoadsideMum, shows a parcel that is reportedly meant to include 10 days' worth of food. The image shows a loaf of sliced bread, a tin of baked beans, single cheese slices, three apples, two carrots, one tomato, a packet of pasta, three yoghurt sachets, and two mini packets of malt loaf. 
https://mashable.com/article/free-school-meals-parcels/

'Welcome to Brexit': Confiscated ham sandwich highlights new reality for U.K., E.U.
https://www.nbcnews.com/news/world/welcome-brexit-confiscated-ham-sandwich-highlights-new-reality-u-k-n1253879
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kassy

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1176 on: January 12, 2021, 10:26:47 PM »
The ham sandwiches have no relation to Covid, it is just Brexit stuff.
Þetta minnismerki er til vitnis um að við vitum hvað er að gerast og hvað þarf að gera. Aðeins þú veist hvort við gerðum eitthvað.

Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1177 on: January 13, 2021, 11:53:32 AM »
COVID-19 will cause twice as much homelessness as Great Recession, study finds
https://www.marketwatch.com/story/covid-19-will-cause-twice-as-much-homelessness-as-great-recession-study-finds-11610482333?mod=article_inline
Quote
Unemployed renters were spending virtually all of their unemployment insurance on housing costs before the latest stimulus

With Minnesota’s eviction moratorium set to end, renters brace for future
https://www.twincities.com/2021/01/12/with-minnesotas-eviction-moratorium-set-to-end-renters-brace-for-future/
Quote
With the state’s moratorium expiring Wednesday, many St. Paul renters remain behind on rent, and landlords worry about the long-term financial implications.

Cuomo’s 2021 Agenda Should Focus on Looming Evictions Crisis, Housing Advocates Say
https://citylimits.org/2021/01/12/cuomos-2021-agenda-should-focus-on-looming-evictions-crisis-housing-advocates-say/
Quote
In his Monday speech, Cuomo spoke vaguely about providing resources to tenants and small landlords. He made specific reference only to his proposal to outlaw fees on overdue rent—which does not address the overdue rent itself.

Losing ground against hunger in NC: 20% less food donated, 68% more need
https://qcitymetro.com/2021/01/12/losing-ground-against-hunger-in-nc-20-less-food-donated-68-more-need/
Quote
North Carolina food assistance programs struggle under economic stress of coronavirus pandemic.

Food Banks, SNAP Try To Fill Growing Hunger Needs As Pandemic Rages On
https://www.wbur.org/hereandnow/2021/01/12/hunger-pandemic-snap-food-banks
Quote
Food banks and SNAP, federal food benefits, are working to address the increase in the need for food during the pandemic. Experts say some places could see higher levels of hunger for years.
Molly Samuel of WABE reports from Atlanta.

Millions on the brink of starvation as the pandemic exacerbates world hunger
https://www.pbs.org/newshour/show/millions-on-the-brink-of-starvation-as-the-pandemic-exacerbates-world-hunger
Quote
Feeding the world's hungry and helping children in need were enormous tasks even before the pandemic. While the coronavirus has made those groups of people even more vulnerable, impoverished nations are often left at the mercy of wealthy countries for support. David Beasley executive director of the World Food Program, and Henrietta Fore, executive director of UNICEF, join Amna Nawaz to discuss.
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Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1178 on: January 14, 2021, 12:57:42 PM »
Hunger and Unemployment
https://coronadotimes.com/news/2021/01/13/hunger-and-unemployment/
Quote
While so many Californians are denied the opportunity to earn a living at their former places of employment due to Covid-19 lockdowns, our governor and legislature are collecting their salaries and benefits without interruption. And some dining out quite well. In fact, the former CA State Assembly Democrat Majority Whip, Todd Gloria moved on from that decision making position to become Mayor of San Diego in December. During this pandemic, Gloria has accepted a pay raise, as mayor, from $101,000 annually to $206,000. (He and San Diego Council could have deferred until this crisis is over.) How in good conscious these politicos go to bed with full tummies while so many of their constituents are literally starving is unacceptable. Californians are shamefully food deprived because their state’s leaders have apparently been incompetent and unconcerned.

More than 10,000 evictions pending in Shelby County
https://www.fox13memphis.com/news/local/more-than-10000-evictions-pending-shelby-county/CNIIA4XT5ZGARPZCQU7FYSV2ZY/
Quote
Data from this year’s National Rent Report estimated the average one-bedroom rental in Memphis costs $980.00 and rent has gone up 6.7 percent since the pandemic started last March.
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The Walrus

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1179 on: January 14, 2021, 04:41:22 PM »
Another example of why we need to end the lockdown a.s.a.p.

Rodius

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1180 on: January 15, 2021, 02:06:06 AM »
Another example of why we need to end the lockdown a.s.a.p.

Or an example of a Govt that needs to give more support to the general public and small businesses.

Several countries have successfully implemented a lockdown and now have, effectively, open economies with it improving.

Lockdown (in whatever form works) equals less dead people and a quicker recovery.
Or do what the US and UK are doing and have plenty of dead people and an economy (well, the working class) that is going to suffer for much longer.

etienne

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1181 on: January 15, 2021, 06:18:20 AM »
Another example of why we need to end the lockdown a.s.a.p.
Lockdown is a quite flexible concept. What is sure is that there are many examples of why strong regulations (masks, number of people in the shops...) are extremely important.

The fact that Switzerland decided a lockdown was very surprising and probably shows that it is needed, but they keep many businesses that can't go online/on phone orders open.

In find it a shame that governments haven't been able to limit traveling during the Christmas holidays.

https://www.rnd.de/reise/reiseboom-uber-weihnachten-deutsche-buchen-fernreisen-bei-lufthansa-M7M3DB4BN5GH3MJZSEOR46JFDI.html

Neven

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1182 on: January 15, 2021, 10:52:07 AM »
Lockdown (in whatever form works) equals less dead people and a quicker recovery.

First of all, it is better to look at years of life lost (YLL) instead of just lives lost. I know nobody is doing that, because the media don't tell them to, but it really is better.

Second: All lockdowns, except the first, should be considered an admission of failure. In Europe, they had seven months to prepare for the winter wave - which, according to their own projections, would be horrific - but they didn't. There was no real, organised plan (except perhaps for a focus on contact-tracing, that obviously wouldn't work because of asymptomatic cases). Just like they let their neoliberal policies squeeze health care systems and make the population sick and weak through unhealthy, addictive foods and polluted urban environments for decades, they were not interested in investing in this 'war' against SARS-CoV-2, which would come much cheaper than shutting down whole economies. None of the things were done that would be done if there was a war on. They used the word 'war', but they completely failed to act on it.

In other words, the politicians let it happen. The politicians failed on purpose, because they knew that any criticism would be suppressed by their faithful partners from the mainstream media, you know #standunited. The purpose probably has to do with things like further reducing the middle class to serfdom, strengthening Big Tech monopolies, tightening surveillance in the war against populism, creating a scapegoat for the massive global recession that was coming anyway (because no changes since 2008), etc.

All to grow and further concentrate concentrated wealth (until it destroys itself).
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Rodius

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1183 on: January 15, 2021, 11:33:32 AM »
Lockdown (in whatever form works) equals less dead people and a quicker recovery.

First of all, it is better to look at years of life lost (YLL) instead of just lives lost. I know nobody is doing that, because the media don't tell them to, but it really is better.

Second: All lockdowns, except the first, should be considered an admission of failure. In Europe, they had seven months to prepare for the winter wave - which, according to their own projections, would be horrific - but they didn't. There was no real, organised plan (except perhaps for a focus on contact-tracing, that obviously wouldn't work because of asymptomatic cases). Just like they let their neoliberal policies squeeze health care systems and make the population sick and weak through unhealthy, addictive foods and polluted urban environments for decades, they were not interested in investing in this 'war' against SARS-CoV-2, which would come much cheaper than shutting down whole economies. None of the things were done that would be done if there was a war on. They used the word 'war', but they completely failed to act on it.

In other words, the politicians let it happen. The politicians failed on purpose, because they knew that any criticism would be suppressed by their faithful partners from the mainstream media, you know #standunited. The purpose probably has to do with things like further reducing the middle class to serfdom, strengthening Big Tech monopolies, tightening surveillance in the war against populism, creating a scapegoat for the massive global recession that was coming anyway (because no changes since 2008), etc.

All to grow and further concentrate concentrated wealth (until it destroys itself).

Are you able to point me in the direction of research about YLL?

As for the rest of what you said, I tend to agree with you.
Even though I cant fathom why political and powerful people would do such a terrible thing,  it is what they are doing.

Tom_Mazanec

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1184 on: January 15, 2021, 11:41:03 AM »
UK edges towards double-dip recession as GDP falls 2.6%
https://www.theguardian.com/business/2021/jan/15/uk-heads-for-double-dip-recession-as-gdp-falls-26
Quote
Second national Covid lockdown in November ends six months of growth but decline not as bad as feared

Survey: Pandemic And Risk Of Recession Are The Top Threats That Will Keep Business Leaders Up At Night In 2021
https://www.forbes.com/sites/edwardsegal/2021/01/14/survey-pandemic-and-risk-of-recession-are-the-top-threats-that-will-keep-business-leaders-up-at-night-in-2021/
Quote
The global pandemic and risk of a recession are two of the major external threats The Conference Board said today will keep many CEOs around the world up at night in 2021. Business leaders in the United States are more worried about higher corporate taxes and increased regulation, but not as worried about global political instability and disruptions to international trade.

Pandemic triggers gender recession: Women accounted for every American job loss last month
https://newschannel9.com/news/spotlight-on-america/pandemic-triggers-gender-recession-women-accounted-for-every-american-job-loss-last-month
Quote
The pandemic has upended life for millions, but the strongest impact may be on women. They are losing jobs at an alarming rate during the crisis; many are choosing to step away from work as they juggle childcare and home-schooling, and the emotional toll is rising. Experts say the effect of a gender recession won't disappear when the coronavirus crisis ends. Instead, they tell Spotlight on America the impacts could last for decades.

Pandemic could cause twice as much homelessness as the Great Recession
https://www.marketplace.org/2021/01/14/pandemic-could-cause-double-homelessness-great-recession/
Quote
There is a real risk that the sustained unemployment in the United States could lead to a significant increase in homelessness over the next few years.
A new report from the nonprofit Economic Roundtable projects that without significant government intervention, the pandemic will cause twice as much homelessness as the Great Recession.
If nothing changes, about 600,000 people could end up in shelters, on the streets or crashing with family or friends over the next three years.

The pandemic recession could cause an enormous spike in homelessness
https://www.fastcompany.com/90594670/the-pandemic-recession-could-cause-an-enormous-spike-in-homelessness
Quote
L.A. County is projected to see an 86% increase in chronic homelessness by 2023.

Pa. eviction moratoriums do not protect everyone
https://www.abc27.com/investigators/pa-eviction-moratoriums-do-not-protect-everyone/
Quote
“If the CDC or state legislators were willing to extend the ban to cover the expiration of the lease or any reason that is not the fault of the tenant it would help. If it is a no-fault scenario like my lease just expired, it’s really just kind of egregious to allow that to occur,” Cossick said.
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etienne

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1185 on: January 15, 2021, 12:58:27 PM »

First of all, it is better to look at years of life lost (YLL) instead of just lives lost. I know nobody is doing that, because the media don't tell them to, but it really is better.

...

I agree, just that it is a metric that is quite complicated to evaluate.
https://healthydebate.ca/personal-health-navigator/can-doctors-really-predict-long-one-live

It's like for the sea ice, extent is the easy metric.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1186 on: January 15, 2021, 01:41:38 PM »
Another example of why we need to end the lockdown a.s.a.p.

Or an example of a Govt that needs to give more support to the general public and small businesses.

Several countries have successfully implemented a lockdown and now have, effectively, open economies with it improving.

Lockdown (in whatever form works) equals less dead people and a quicker recovery.
Or do what the US and UK are doing and have plenty of dead people and an economy (well, the working class) that is going to suffer for much longer.

Government cannot possibly give enough support to the general public and businesses to compensate for the losses during a long term lockdown.  Thus far, lockdowns have not shown to produce a quicker recovery.  The U.S. economy has recovered quite well, but Europe has not.  You are correct in that the working class has been suffering during the lockdown.  Then again, lockdowns were intended to help the wealthy, who were more affected by the virus.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1187 on: January 15, 2021, 04:53:12 PM »
Are you able to point me in the direction of research about YLL?

Not much more than can be found via a Google search.
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1188 on: January 15, 2021, 05:25:46 PM »
YLL, reminds me of a Bukowski quote.

“suicide fails as you get older:
there’s less and less to kill.”

Alexander555

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1189 on: January 15, 2021, 11:19:30 PM »
How will the US come out of covid ? The deficit is already near 4 trillion. The 2 trillion stimuli will lift it to 6 trillion. And it's not over yet.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1190 on: January 16, 2021, 05:28:27 AM »
W wrote: "...the wealthy, who were more affected by the virus..."

Any evidence for this bizarre claim??

Those most affected by the virus in the US, at least, are pretty much BIPOC communities, not exactly by and large the prototypes of 'the wealthy' (though of course one can always come up with some individual exceptions)
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1191 on: January 16, 2021, 05:41:57 AM »
Another example of why we need to end the lockdown a.s.a.p.

Or an example of a Govt that needs to give more support to the general public and small businesses.

Several countries have successfully implemented a lockdown and now have, effectively, open economies with it improving.

Lockdown (in whatever form works) equals less dead people and a quicker recovery.
Or do what the US and UK are doing and have plenty of dead people and an economy (well, the working class) that is going to suffer for much longer.

Government cannot possibly give enough support to the general public and businesses to compensate for the losses during a long term lockdown.  Thus far, lockdowns have not shown to produce a quicker recovery.  The U.S. economy has recovered quite well, but Europe has not.  You are correct in that the working class has been suffering during the lockdown.  Then again, lockdowns were intended to help the wealthy, who were more affected by the virus.

New Zealand and Australia offer significant financial support to business and employment affected people during the lockdowns.... for several months in some cases. It is possible.

The US recovery.... I assume you are referring to the stock exchange?

As for the wealthy being negatively affected, last time I checked, the rich got much richer last year, hardly difficult times for them.

As for recovery post lockdown, Australia is doing far better than countries stuck in a death spiral that is covid.

Australia is in the middle of a upward swing, but the problems moving forward are the same ones we had pre Covid but with spice added. In effect, Covid gave us a hit, we did a lock down to remove Covid as best as possible, reopened the economy to discover the problems we had before are still there.... or we are tracking as we should (which isn't great but better than places with Covid affected economies like he US and EU.

https://www.canberratimes.com.au/story/7073978/its-far-too-early-to-call-this-an-economic-win/

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1192 on: January 16, 2021, 12:49:18 PM »
Another recession looms for UK economy as lockdowns bite
https://www.seattletimes.com/business/another-recession-looms-for-uk-economy-as-lockdowns-bite/
Quote
The Office for National Statistics said that as a result of the fall, the economy is 8.5% smaller than its pre-pandemic peak. When the pandemic struck last spring, the economy contracted by up to a fifth over the first half of the year, before a summer easing of restrictions saw the economy recover a chunk of those losses.
Because of the November fall, the economy is set to contract again in the fourth quarter.

'How many more lockdowns can we go through?' Bosses on Covid double-dip recession
https://www.theguardian.com/business/2021/jan/15/how-many-more-lockdowns-bosses-on-covid-double-dip-recession-uk
Quote
From Burnley to London, those in hospitality sector tell of pressures they and staff face, and dismay at UK government

The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
https://www.cnbc.com/2021/01/13/the-unemployment-rate-is-above-20percent-for-the-lowest-paid-workers-feds-brainard-says.html
Quote
Unemployment for the bottom quartile of workers is probably above 20%, Federal Reserve Governor Lael Brainard said Wednesday.
The level highlights the need for accommodative policy, and she said “it is too early to say” how long the Fed’s measures will stay in place.

US unemployment claims jump to 965,000, the most since late August
https://www.usatoday.com/story/money/economy/2021/01/14/unemployment-claims-jump-965-000-virus-takes-toll/4156941001/
Quote
The latest figures for jobless claims, issued Thursday by the Labor Department, remain at levels never seen until the virus struck. Before the pandemic, weekly applications typically numbered around 225,000. Last spring, after nationwide shutdowns took effect, applications for jobless benefits spiked to nearly 7 million – 10 times the previous record high. After declining over the summer, weekly claims have been stuck above 700,000 since September.

US Retail Sales Tumble For 3rd Straight Month On Slump In Restaurant & Online Spending
https://www.zerohedge.com/economics/us-retail-sales-tumble-3rd-straight-month-slump-restaurant-online-spending
Quote
The biggest headline under the surface is the fact that non-store retailers (Amazon etc.) plunged 5.8% MoM.


However:
Biden calls to push eviction ban to Sept. 30. What's happening now with the moratorium
https://www.cnet.com/personal-finance/biden-calls-to-push-eviction-ban-to-sept-30-whats-happening-now-with-the-moratorium/
Quote
The eviction ban is set to expire Jan. 31. But President-elect Joe Biden wants extend it for eight more months.
and
‘There’s been a threat of mass evictions’: Biden plans to extend national-eviction moratorium through September 2021
https://www.marketwatch.com/story/biden-calls-for-extending-national-eviction-moratorium-through-september-2021-as-part-of-1-9-trillion-stimulus-11610672987
Quote
The ambitious package also includes funding for emergency rental assistance beyond what was enacted in December
But is Biden going to put in place a moratorium on landlords paying taxes, utilities, etc.?
« Last Edit: January 16, 2021, 01:03:49 PM by Tom_Mazanec »
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1193 on: January 16, 2021, 02:09:09 PM »
W wrote: "...the wealthy, who were more affected by the virus..."

Any evidence for this bizarre claim??

Those most affected by the virus in the US, at least, are pretty much BIPOC communities, not exactly by and large the prototypes of 'the wealthy' (though of course one can always come up with some individual exceptions)

I posted this previously, but will do so again due to your unbelief.

https://www.frontiersin.org/articles/10.3389/fsoc.2020.00047/full

"Results of this study revealed that during the early weeks of the pandemic more disadvantaged counties in the United States had a larger number of confirmed Covid-19 cases, but that over time this trend changed so that by the beginning of April, 2020 more affluent counties had more confirmed cases of the virus. "

The most advantaged counties had three times the number of cases as the most disadvantaged counties.  This is opposed the trend for most diseases.

The Walrus

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1194 on: January 16, 2021, 02:11:35 PM »
Another example of why we need to end the lockdown a.s.a.p.

Or an example of a Govt that needs to give more support to the general public and small businesses.

Several countries have successfully implemented a lockdown and now have, effectively, open economies with it improving.

Lockdown (in whatever form works) equals less dead people and a quicker recovery.
Or do what the US and UK are doing and have plenty of dead people and an economy (well, the working class) that is going to suffer for much longer.

Government cannot possibly give enough support to the general public and businesses to compensate for the losses during a long term lockdown.  Thus far, lockdowns have not shown to produce a quicker recovery.  The U.S. economy has recovered quite well, but Europe has not.  You are correct in that the working class has been suffering during the lockdown.  Then again, lockdowns were intended to help the wealthy, who were more affected by the virus.

The US recovery.... I assume you are referring to the stock exchange?

As for the wealthy being negatively affected, last time I checked, the rich got much richer last year, hardly difficult times for them.

https://www.canberratimes.com.au/story/7073978/its-far-too-early-to-call-this-an-economic-win/

The rich got richer due to the lockdown, not the virus.  The poor were most negatively affected by the lockdown.  All the lockdown accomplished (besides a few less deaths) was to accentuate income inequality.  But who cares as long as fewer wealthy people die? 

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1195 on: January 16, 2021, 04:41:31 PM »
The most advantaged counties had three times the number of cases as the most disadvantaged counties.  This is opposed the trend for most diseases.

JFC, not even the authors of the study believe that nonsense.

"The number of deaths due to Covid-19 were associated with poorer and more urban counties. Discussion of these results focuses on the possibility that testing for the virus was less available in more disadvantaged counties later in the pandemic than was the case earlier, as the result of an overall lack of adequate testing resources across the nation."

The Walrus

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1196 on: January 16, 2021, 05:29:18 PM »
The most advantaged counties had three times the number of cases as the most disadvantaged counties.  This is opposed the trend for most diseases.

JFC, not even the authors of the study believe that nonsense.


Amazing how some refuse to believe the facts when it contrasts with their own personal beliefs.

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1197 on: January 16, 2021, 05:35:51 PM »
That was not the only case study.  The followed showed similar results.

https://voxeu.org/article/poverty-inequality-and-covid-19-us

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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1198 on: January 16, 2021, 10:27:32 PM »
So, again, W is spreading dangerous lies about life-and-death issues on this forum.

At some point (like...already) it becomes the forums moral responsibility not to be party to the spreading of dangerous lives in the midst of a global pandemic, just as it does so well (usually) in keeping climate denialism off of its threads.

(Note also that his source does not have the best reputation in the publishing world--see this among other damning reviews cited from wiki:

Quote
According to Allison and James Kaufman in the 2018 book Pseudoscience: The Conspiracy Against Science, "Frontiers has used an in-house journals management software that does not give reviewers the option to recommend the rejection of manuscripts" and that the "system is setup to make it almost impossible to reject papers".
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Re: Global recession, supply issues and other COVID-19 consequences
« Reply #1199 on: January 16, 2021, 11:26:00 PM »
I just got my Church envelopes for January today. And I foolishly gave away my credit card info (I'm gullible) and have to wait for the new card. Other people?

Still waiting for packages that were mailed in December? It could be a while.
https://www.inquirer.com/news/philadelphia/usps-tracking-package-shipping-delays-philadelphia-december-20210116.html
Quote
Now, as more packages continue to be sent, tracking shows “it’s last in, first out,” he said. For many people, the USPS tracking hasn’t shown an update on their item for weeks, creating an agonizing wait for not only presents, but also essential items like bills, medication, and important records.

Experiencing a delay in your mail delivery? Here's why
https://wset.com/news/local/experiencing-a-delay-in-your-mail-delivery-heres-why
Quote
The United States Postal Service released a statement saying the reason mail delivery is so backed-up is due to "a historic record of holiday volume compounded by a temporary employee shortage due to the COVID-19 surge."

USPS responds to frustrated Marylanders as mail delivery issues continue
https://www.wbaltv.com/article/united-states-postal-service-responds-to-frustrated-marylanders-as-mail-delivery-issues-continue/35098386#
Quote
First it was packages and mail deliveries, now Marylanders tell WBAL-TV 11 News they're facing another problem related to the post office: The receipt and payment of their bills.
Some Maryland residents say they have long run out of patience with the backlog of mail and packages being handled by the U.S. Postal Service, but still wonder when Christmas presents and other items they ordered will be delivered.

Mail delays are reportedly still causing major concern within the community
https://www.wmdt.com/2021/01/mail-delays-are-reportedly-still-causing-major-concern-within-the-community/
Quote
Not just letters and cards, but important items such as medication, money, and packages have reportedly been very delayed.
“I have medication that are supposed to come and I don’t have them, so now I’m just out of those medications,” says Tritt.

Response from USPS to more complaints, concerns over delays in mail, packages
https://www.wbaltv.com/article/united-states-postal-service-responds-to-complaints-over-delays-in-mail-packages/35119403
Quote
“I think it's ridiculous, me being a small business owner. It's hurting my business. It's giving me a bad name. The post office can't deliver my products in the time they estimate and I'm losing money at this point,” Kresel said.
She says she ships on average 75 packages a day. Since Thanksgiving, half of them are missing in the mail. Her company had to give refunds and absorb shipping costs.
“If I'm going to have to refund 100 customers a week, there's no way I'm going to stay in business,” she said.

And in my little part of the world:
Costs of slow mail delivery adding up for businesses, individuals across Northeast Ohio
https://www.beaconjournal.com/story/news/2021/01/07/akron-ohio-late-mail-costs-add-up-post-office-struggles/6563229002/
Quote
A jacket she ordered online from a Utah company never arrived, so the company sent her another. She tracked the package, but updates stopped after the jacket arrived in Akron on Dec. 27. She contacted the Utah company, which wasn’t surprised.
“You know that your section of the country is the worst we’ve seen,” they told Fickes.
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