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

Sat, 2020-07-25 21:06 — 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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Study says poor diets are a national security threat

Sat, 2020-07-25 14:01 — mike kraft
Poor diets in the US are a national security threat Poor nutrition is the leading cause of US illnesses, creating a growing burden on the nation's economy, exacerbating health disparities and impacting national security, according to a white paper in the American Journal of Clinical Nutrition. Gisela Crespo, CNN CNN
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Major new climate study rules out less severe global warming scenarios

Thu, 2020-07-23 09:18 — mike kraft
Major new climate study rules out less severe global warming scenarios The study found the planet is most likely to warm 4.1 to 8.1 degrees if carbon dioxide doubles from preindustrial levels. Washington Post
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Foreign Aid from top donors drops even as need soars

Wed, 2020-07-22 10:03 — mike kraft
AP Exclusive: Aid from top donors drops even as need soars JOHANNESBURG (AP) — A new snapshot of the frantic global response to the coronavirus pandemic shows some of the world’s largest government donors of humanitarian aid are buckling under the strain:... AP NEWS

JOHANNESBURG (AP) — A new snapshot of the frantic global response to the coronavirus pandemic shows some of the world’s largest government donors of humanitarian aid are buckling under the strain: Funding commitments, for the virus and otherwise, have dropped by a third from the same period last year.

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EU agrees on $2.1 trillion deal after marathon summit

Tue, 2020-07-21 09:17 — mike kraft
EU agrees on $2.1 trillion deal after marathon summit BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus... AP NEWS

BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever.

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NYTimes Investigation: 5 Takeaways on Trump’s Effort to Shift Responsibility

Sun, 2020-07-19 09:42 — mike kraft

President Trump and his top aides sharply shifted their pandemic strategy in mid-April after seizing on optimistic data suggesting the virus would disappear, a Times investigation found.

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We Can Protect the Economy From Pandemics. Why Didn't We?

Mon, 2020-07-13 19:26 — mike kraft
We Can Protect the Economy From Pandemics. Why Didn't We? A virologist helped crack an impossible problem: how to insure against the economic fallout from devastating viral outbreaks. The plan was ingenious. Yet we're still in this mess. Evan Ratliff Wired

A virologist helped crack an impossible problem: how to insure against the economic fallout from devastating viral outbreaks. The plan was ingenious. Yet we're still in this mess.

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Coronavirus pandemic prompts record drop in global emissions, study finds

Sun, 2020-07-12 09:48 — mike kraft

The Guardian

Coronavirus pandemic prompts record drop in global emissions, study finds Lockdowns, travel bans and factory closures drive 4.6% reduction but dramatic decline falls short of efforts needed to limit global heating Valerie Yurk the Guardian

The Guardian, July 10, 2020

by Valerie York

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From Coast to Coast, Middle-Class Communities are Shrinking

Thu, 2016-05-12 17:24 — Kathy Gilbeaux

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

(READ COMPLETE ARTICLE)

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Economic and Population Issues in Somerset County, Maryland and the Broader Eastern Shore

Sun, 2014-02-02 09:08 — mdmcdonald

The town of Crisfield was impacted heavily by Superstorm Sandy.  Going into its second year after Sandy's landfall, only one third of the houses impacted in Crisfield (the most heavily impacted town on the Eastern Shore) have been restored.  Infrastructure remains fragile and the economy, although temporarily improved to some degree by modest recovery funds, continues in a fragile state under long-term decline.  Overall, Crisfield's population continues in a long-term decline after being the second most prosperous city in Maryland during the late 1800s and early 1900s, before its fisheries largely collapsed with the decline in the Chesapeake Bay's ecosystem.  

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