Bergamo is the epicenter of the hardest-hit province of Italy’s hardest-hit region, Lombardy, the site of hundreds of coronavirus deaths. Families here are deprived of a bedside farewell with virus-stricken loved ones, or even a traditional funeral, and the cemetery is so overwhelmed by the number of dead that military trucks transported 65 bodies to […]
Sri Lanka imposed a nationwide weekend curfew on Friday as South Asian countries escalated efforts to check the spread of coronavirus across the densely populated region of 1.9 billion people. South Asia appears to have been less hard hit than elsewhere in the world but the rate of new infections in Pakistan, India and Sri […]
India’s Prime Minister Narendra Modi urged the country’s 1.3 billion citizens to stay indoors to protect themselves from the fast-spreading coronavirus, hours after the government announced it was barring all international flights from landing in the country for a week starting March 22. “We are a developing nation and for a country like us, this […]
South Asian countries are beginning to see their first fatalities from the coronavirus outbreak, with COVID19 claiming at least six lives across the region amid a spike in cases in Pakistan and elsewhere. The outbreak does not appear to have reached the widespread secondary contact stage seen in Europe and the United States – and […]
The main (perhaps even the sole) objective of economic policy today should be to prevent social breakdown. Advanced societies must not allow economics, particularly the fortunes of financial markets, to blind them to the fact that the most important role economic policy can play now is to keep social bonds strong under this extraordinary pressure. […]
There are no good outcomes from here. Many people will die prematurely. Many will lose their jobs. Many businesses will go under. Many people will suffer bereavement, loneliness and despair, even if they dodge the virus. The only question is how many in each case. We are about to find out how robust civilisation is. […]
Global orders have a tendency to change gradually at first and then all at once. In 1956, a botched intervention in the Suez laid bare the decay in British power and marked the end of the United Kingdom’s reign as a global power. Today, U.S. policymakers should recognize that if the United States does not […]
As the full implications of the COVID-19 pandemic have slowly become clear, private liquidity has begun to drain out of global markets. As a result, the record-high level of dollar-denominated debt held by non-banking entities outside of the United States has become a problem that central banks simply cannot ignore. Read Here – Project Syndicate
In key ways the world is now as or more deeply in debt as it was when the last big crisis hit. But the largest and most risky pools of debt have shifted — from households and banks in the United States, which were restrained by regulators after the crisis, to corporations all over the […]
The new coronavirus is shaping up to be an enormous stress test for globalization. As critical supply chains break down, and nations hoard medical supplies and rush to limit travel, the crisis is forcing a major reevaluation of the interconnected global economy. Read Here – Foreign Affairs
looking beyond borders 