The Times view on crisis and capitalism

Image result for The Times view on crisis and capitalismThe global economy is in a sharp downturn, which is likely to turn into a steep recession. Investors know this. Hence stock markets have fallen precipitously in the past month. Governments and central banks have no chance of preventing a drop in economic activity, because the cure as well as the disease requires it. If the spread of Covid-19 is to be checked, then consumers have to stop going to shopping centres, theatres and cinemas, and cease going to work on public transport….more:THETIMES

First coronavirus cases confirmed in the Palestinian Gaza Strip

Image result for First coronavirus cases confirmed in the Palestinian Gaza StripThe first two cases of coronavirus have been confirmed in the densely-populated Gaza Strip, Palestinian health officials said on Sunday. Two Palestinians who had traveled from Pakistan and entered Gaza through Egypt had tested positive for the virus late on Saturday and have been in quarantine in Rafah, a town near the Egyptian border, since their arrival on Thursday, the Gaza health ministry said….MORE: REUTERS

How the World Will Look After the Coronavirus Pandemic

Image result for How the World Will Look After the Coronavirus PandemicLike the fall of the Berlin Wall or the collapse of Lehman Brothers, the coronavirus pandemic is a world-shattering event whose far-ranging consequences we can only begin to imagine today. This much is certain: Just as this disease has shattered lives, disrupted markets and exposed the competence (or lack thereof) of governments, it will lead to permanent shifts in political and economic power in ways that will become apparent only later…more: FP