US - East

Virus wipes out 5 years of U.S economic growth

Fri, 2020-07-31 21:53 — 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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XPrize to give $5 million to creator of cheap, fast COVID-19 testing

Fri, 2020-07-31 09:28 — mike kraft

XPrize to give $5 million to creator of cheap, fast COVID-19 testing Google and Amazon are backing it, among others. Shannon Connellan Mashable

Tech giants including Google and Amazon pledged support for a $5 million competition to accelerate cheap and fast COVID-19 testing in the U.S.

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Children may carry coronavirus at high levels, study finds

Fri, 2020-07-31 09:06 — mike kraft

Children may carry coronavirus at high levels, study finds Infected children have at least as much of the coronavirus in their noses and throats as infected adults, according to the research. Indeed, children younger than age 5 may host up to 100 times as much of the virus in the upper respiratory tract as adults, the authors found. Apoorva Mandavilli chicagotribune.com

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The Coronavirus Could Dodge Some Treatments, Study Suggests

Thu, 2020-07-30 06:45 — mike kraft

In a laboratory in New York City, researchers coaxed a key piece of the coronavirus — its infamous outer “spike” — to mutate so that it became invisible to disease-fighting antibodies, according to a new study that has not yet been published in a scientific journal.

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U.S. virus pandemic splintering into many pieces

Thu, 2020-07-30 03:54 — mike kraft

Once again, the coronavirus is ascendant. As infections mount across the country, it is dawning on Americans that the epidemic is now unstoppable, and that no corner of the nation will be left untouched.

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Update on Virus spread, U.S and World Wide

Wed, 2020-07-29 21:12 — mike kraft

U.S. records 10,000 coronavirus deaths in 11 days as fatalities approach 150,000 U.S. deaths from the novel coronavirus were approaching 150,000 on Wednesday, the highest level in the world and rising by 10,000 in 11 days, according to a Reuters tally. Lisa Shumaker U.S.

(Reuters) - U.S. deaths from the novel coronavirus were approaching 150,000 on Wednesday, the highest level in the world and rising by 10,000 in 11 days, according to a Reuters tally.

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Wash Post charts: At least 145,000 people have died from coronavirus in the U.S.

Tue, 2020-07-28 23:06 — mike kraft

U.S. coronavirus cases: Tracking deaths, confirmed cases by state The death toll from covid-19 began to rise steadily in early March, then more sharply as the disease spread to every state and most U.S. territories. Joe Fox, Brittany Mayes, Kevin Schaul, Leslie Shapiro, Bonnie Berkowitz Washington Post

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Masks May Reduce inhaling Viral Dose: New research paper

Tue, 2020-07-28 07:16 — mike kraft

Researchers have long known that masks can prevent people from spreading airway germs to others — findings that have driven much of the conversation around these crucial accessories during the coronavirus pandemic.

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James Dimon's Warning for the U.S. Economy and uncertainties ahead

Sun, 2020-07-26 09:06 — mike kraft

Jamie Dimon's warning for the U.S. economy — nobody knows what comes next More than four months into the coronavirus pandemic, the financial damage wrought by the outbreak has yet to fully register. Hugh Son CNBC

The range of outcomes for the economy in the second half is incredibly wide: JPMorgan Chase sees no fewer than five different paths it can take.
The bank has gotten more pessimistic, seeing unemployment in its default “base” scenario hitting nearly 11% by the end of this year, 4.3% worse than when it made the same forecast in April.

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