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Economy

Finance, capital, money, investment and more.

How COVID-19 preys upon poverty — and will make it worse

May 15, 2020

In the wake of COVID-19, the world economy is set to contract 3 percent in 2020, according to recent estimates from the International Monetary Fund.  As devastating as this may be, the long-term economic prospects are even worse, as a research analysis by IMF economists found that five years after a pandemic, economic inequities will […]

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Lithuania is surviving COVID-19 — in style

May 7, 2020

As of May 2020, the Baltic nation of Lithuania has 2.9 million citizens, less than 1,500 coronavirus cases, around 50 deaths — and an excess of style, culture and good eating. The country has distinguished itself by being able to combine the best practices of pandemic mitigation — social distancing, for example — with innovative […]

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Food insecurity is America’s next big pandemic problem

May 1, 2020

The complex supply chains of our food system have been deeply impacted by the COVID-19 pandemic. Farmers and consumers alike have been caught off-guard by price collapses and shifting demand; by government food policies that are less than helpful; and by hunger and malnutrition already extant across the country. It all adds up to a […]

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Immigrant economies are being devastated by the pandemic

April 22, 2020

The $700 billion global remittance economy is taking big hits from COVID-19, and the families and nations that depend on it are in trouble. Remittances are person-to-person fund transfers from immigrants who travel to wealthy nations for work, and then send the bulk of their earnings back to the millions of families they left behind […]

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Just what, exactly, is a ‘wet market,’ and should they be illegal in China?

April 17, 2020

The conventional wisdom is that the coronavirus behind the COVID-19 pandemic jumped to human beings from animals sold for food in an open-air “wet market” in Wuhan, China. China has subsequently been widely criticized for permitted wet markets to remain open. Yet it turns out that these types of marketplaces are not the problem — […]

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For the poor, COVID-19 also means debt and slavery

April 15, 2020

The world’s impoverished people already shoulder heavy burdens of personal debt. Then came the COVID-19 pandemic, and jobs everywhere evaporated. Although this pandemic-driven wave of unemployment is temporary, the financial position of poor people has become even more precarious, making them prey for debt collectors, loan sharks — and slavery. The scourge of debt collection […]

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