Economics

Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases

Thu, 2020-08-13 07:26 — mike kraft

Accuracy of U.S. coronavirus data thrown into question as decline in testing skews drop in new cases In Texas, new Covid-19 cases have fallen by 10% to an average of 7,381 a day from 8,203 two weeks ago, but testing is down by 53% over the same time. Will Feuer CNBC

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Companies test antibody drugs to treat, prevent COVID-19

Wed, 2020-08-12 22:15 — mike kraft

Companies test antibody drugs to treat, prevent COVID-19 With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the... AP NEWS

With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.

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Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies

Wed, 2020-08-12 21:35 — mike kraft

Federal spending on COVID-19 vaccine candidates tops $9 billion, spread among 7 companies Amid the coronavirus pandemic, the federal government has allocated more than $9 billion among 7 companies to develop and make COVID-19 vaccine. Karen Weintraub and Elizabeth Weise USA TODAY

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WHO decries 'vast global gap' in funds needed to fight coronavirus

Mon, 2020-08-10 22:16 — mike kraft

WHO decries 'vast global gap' in funds needed to fight coronavirus There is a "vast global gap" between funds needed to fight the coronavirus pandemic and funds committed, World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday, and the WHO was only "10% of the way" there. Stephanie Nebehay U.S.

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US response to the virus is met with incredulity abroad

Sun, 2020-08-09 21:09 — mike kraft

US response to the virus is met with incredulity abroad ROME (AP) — The United States’ failure to contain the spread of the coronavirus has been met with astonishment and alarm in Europe, as the world’s most powerful country edges closer to a global... AP NEWS

ROME (AP) — The United States’ failure to contain the spread of the coronavirus has been met with astonishment and alarm in Europe, as the world’s most powerful country edges closer to a global record of 5 million confirmed infections.

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ANALYSIS:In depth view of how the Trump administration deals with the virus--Washington Post

Sun, 2020-08-09 20:54 — mike kraft

The lost days of summer: How Trump fell short in containing the virus A politics-first, science-second attitude has become pervasive inside the White House — championed first and foremost by the president — as the pandemic rages out of control. Philip Rucker, Yasmeen Abutaleb, Josh Dawsey, Robert Costa Washington Post

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Update: U.S. averages more than 1,000 coronavirus-related deaths for ninth day in a row

Wed, 2020-08-05 09:33 — mike kraft

Live updates: U.S. averages more than 1,000 coronavirus-related deaths for ninth day in a row The U.S. coronavirus death toll has surpassed 153,000. President Trump said the grim tally “is what it is,” during an interview with “Axios on HBO.” Antonia Farzan, Jennifer Hassan, Lateshia Beachum, Miriam Berger, Kim Bellware, John Wagner, Hamza Shaban, Reis Thebault, Hannah Knowles Washington Post

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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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OPINION:To defeat COVID, bring America's full power to the international fight:

Wed, 2020-07-29 00:05 — mike kraft

To defeat COVID, bring America's full power to the international fight: Albright & Hadley The stakes are immeasurably high for the global community to get this right. The world needs US resources, conflict resolution and democracy support. Madeleine Albright and Stephen Hadley USA TODAY

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

Tue, 2020-07-28 01:56 — 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.