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Dr. Anthony Fauci has said he believes it could be possible to produce “hundreds of millions” of vaccine doses by the beginning of next year. On Thursday, Fauci was asked about his role in ‘Operation Warp Speed,’ which seeks to speed up the timeline to produce a COVID-19 vaccine. He noted the search for a …
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Foreign views of Chinese economic priorities are often trapped in the image of an export-led model; a statist system that imports inflation and exports deflation, hostage to foreign market access. But China’s exports in 2018 accounted for about 20 percent of GDP—a 16-percentage point drop from the 2006 peak, according to the World Bank. As …
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An obviously better solution than sinking the world economy into a great depression is a greater use of “laissez-faire”. The current coronavirus strategy of most governments is a recipe for a worldwide economic disaster. In many countries, the strategy of confinement and forcing shops to close is a sure-fire path to large-scale business failures. The …
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COVID-19 is wreaking havoc on American jobs. State shutdowns and social distancing have resulted in 26 million people being laid off and furloughed. Policymakers in some states are starting to loosen business restrictions and are hoping for a strong jobs recovery. But a quick rebound in jobs will be undermined by government policies. The federal government has …
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We have been locked down for weeks. Classes have been canceled. Only essential activities are allowed. Although there is much to cover and analyze, I want to focus on the economics of the situation. To understate it, the situation today is simply not good. The COVID-19 crisis has caused the world to lock down the …
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Everyone knows “The Great Wave,” the most famous of all Japanese works of art, even if they don’t know the name of the artist. His name was Hokusai and he published “The Great Wave off Kanagawa (Kanagawa-oki Nami Ura)” at some point between 1829 and 1833. It’s a woodblock print of the genre ukiyo-e, which …
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I don’t particularly like the constant war analogies used about fighting coronavirus. However, when someone like Matt Hancock conjures up the Blitz spirit, urging us to pull together ‘in one gigantic national effort’, I think of that cliched question: ‘What did you do in the war, Daddy?’ Forget the sexism, what will our answer be …
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The Australian government’s call for China to explain its bungled handling of the deadly coronavirus pandemic could spark a boycott by Chinese consumers, who may no longer travel and study in Australia or buy major exports including beef and wine. That was the stark warning delivered Monday by Ambassador Cheng Jingye via an interview published in …
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Chase Carey’s remarks come ahead of a video call between the Premier League’s 20 clubs on Friday as other sports look to restart. Formula One is planning to start its 2020 season on 5 July in Austria – despite news of the French Grand Prix becoming the 10th race this year to be postponed or …
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Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits. Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is …
Dr. Anthony Fauci has said he believes it could be possible to produce “hundreds of millions” of vaccine doses by the beginning of next year. On Thursday, Fauci was asked about his role in ‘Operation Warp Speed,’ which seeks to speed up the timeline to produce a COVID-19 vaccine. He noted the search for a …
