Coronavirus Indicators: Better on the Health Front Than the Economic Front | Eastern North Carolina Now

Cassidy Morrison writes for the Washington Examiner about the contrast between the latest COVID-19 health news and the news related to its economic impact.

ENCNow
Publisher's note: The author of this post is Mitch Kokai for the John Locke Foundation.

    Cassidy Morrison writes for the Washington Examiner about the contrast between the latest COVID-19 health news and the news related to its economic impact.

  • The coronavirus pandemic is showing signs of stabilization even as economic indicators are just beginning to reveal the magnitude of its damage to commerce.
  • Total global coronavirus cases have surpassed 2,020,000, but the rate of increase in cases has started to stabilize, according to Johns Hopkins University data. Daily growth is slowing down, and the number of new cases daily has declined considerably over the past week. Italy and Spain have counted fewer new cases each day since last week, and daily growth rates in the United States have hovered around 28,000 since Saturday.
  • Though the outbreak may be close to leveling off, the economy will continue to suffer for months to come. Wednesday saw the release of the first batch of economic indicators to register the full blow of the pandemic shutdowns.
  • Industrial production and factory output fell 5.4% in March, the Federal Reserve reported, the largest decline since 1946. Retail sales saw the sharpest decline since data started being collected in 1992, erasing four years of growth, according to the Department of Commerce.
  • "No one is shopping at the mall, and no one is working on the factory floor, and the magnitude of these March declines in production and retail sales tells you the market's optimism that the worst was over for the economy was misplaced," commented MUFG chief financial economist Chris Rupkey. ...
  • ... The economy has been in free fall since March, and a record number of people have applied for unemployment benefits.
  • The openings will "be safe, they'll be strong, but we want to get our country back," Trump said from the Rose Garden Wednesday. "We want to get our country back. And we're going to do it, and we're going to do it soon."

    Follow Carolina Journal Online's continuing coverage of the COVID-19 pandemic HERE.
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Health Care Deregulation Should Remain Past Coronavirus John Locke Foundation Guest Editorial, Editorials, Op-Ed & Politics Trump Unveils National Reopening Plan to Governors for Schools and Business


HbAD0

Latest Op-Ed & Politics

Vice President Kamala Harris’ husband, Doug Emhoff, admitted that he cheated on his first wife with the couple’s babysitter after a report was published on Saturday that said the marriage ended after he got the babysitter pregnant.
A black Georgia activist became the center of attention at a rally for former president Donald Trump on Saturday when she riled the crowd in support of Trump and how his policies benefit black Americans.
Former President has been indicted by a federal judge in Pennsylvania for inciting an assassination attempt that nearly killed him.
A federal judge ruled on Monday that Google has a monopoly over general search engine services, siding with the Justice Department and more than two dozen states that sued the tech company, alleging antitrust violations.
3 debates and Twitter interview
If we vote the way we have always voted we will get the kind of government we have always gotten
Check it out and see if you think this is an exhibit of Open Government

HbAD1

Acting U.S. Secret Service Director Ronald Rowe told reporters on Friday that his agency was fully responsible for the assassination attempt on former President Donald Trump last month and that the agency “should have had eyes” on the roof where 20-year-old Thomas Matthew Crooks.
Smartmatic was at center of voting machine controversy in US 2020 election
If we vote the way we have always voted we will get the kind of government we have always gotten
Shooter was identified on the roof with a weapon with enough time to stop him...but, officers were not prepared to access the roof

HbAD2

President Joe Biden and Vice President Kamala Harris faced backlash Thursday afternoon over what they told Israeli Prime Minister Benjamin Netanyahu during a call.
while Biden-Harris tries to force it down the throat of American schools
blasts what Democrat supermajority is doing to the state
RALEIGH: Tropical Storm Debby continues to bring heavy rain and flooding across North Carolina on Thursday.
The bomb that killed Ismail Haniyeh, the top leader of Hamas, in Iran early Wednesday was planted several weeks ago, according to a new report.
opens Minnesota to child genital multiation and pedophilia; will seek same in nation

HbAD3

 
Back to Top