Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
Lockdown Makes A Comeback In Europe, Over 9 Million Infections In The U.S.
In what has become a familiar refrain this month, the number of confirmed COVID-19 cases around the world spiked this week, with a corresponding increase in the number of deaths — 45,075,642 confirmed cases, with 13,558,818 active cases and 1,182,010 fatalities.
Efforts to slow the rate of the outbreak in the United States have largely failed — at the time of writing there were 9,043,390 confirmed cases, 3,296,613 active and 232,194 deaths.
This comes as daily coronavirus cases in the United States continue surge to levels not seen since the summer, forcing hospitals in states like Utah to ration care, and prompting this warning from its…
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
US COVID-19 Cases Approaching Summer Levels, Europe Surge Continues
The number of confirmed COVID-19 cases around the world once again rose significantly this week, with a corresponding spike in the number of deaths — 41,791,766 confirmed cases, with 12,268,206 active cases and 1,138,671 fatalities.
The outbreak in the United States continues to rage unabted — at the time of writing there were 8,498,360 confirmed cases, 2,914,394 active and 226,314 deaths.
This comes as daily coronavirus cases in the United States surge to levels not seen since the summer, with 14 states reporting peak Covid-19 hospitalizations in the past week: Alaska, Arkansas, Iowa, Kansas, Kentucky, Montana, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, Utah, West Virginia and Wisconsin. …
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
Parts of The Europe Back In Lockdown As COVID-19 Cases Spike
The number of confirmed COVID-19 cases around the world rose significantly this week, while the number of deaths also continues to increase — 38,971,792 confirmed cases, with 10,953,830 active cases and 1,098,982 fatalities.
The outbreak in the United States shows no signs of abating — at time of writing there were 8,076,402 confirmed cases, 2,669,444 active and 220,889 deaths.
This comes as the midwestern parts of the United States and beyond are witnessing surges in coronavirus cases, with new outbreaks and hospitalizations rising to record levels — pointing to a nationwide resurgence as temperatures get colder.
So far this week (from October 11–15), there have been 249,734 new COVID-19 cases in the United States, compared to 213,854 during the same five-day period last week. On Thursday alone, the U.S. reported 61,025 new cases. …
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
U.S. Impeachment Update: February Trial?
Negotiations continue between new Senate Majority Leader Chuck Schumer and Republican Leader Mitch McConnell over the scheduling of ex-President Donald Trump’s impeachment trial. The U.S. House of Representatives voted to last week to impeach President Donald Trump over his role in events that led to the rampage through the Capitol building by his supporters on Jan. 6.
House Speaker Nancy Pelosi is expected to send the articles of impeachment to the Senate next week. …
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
U.S. House Impeaches Donald Trump For Second Time
The U.S. House of Representatives this week voted to impeach President Donald Trump over his role in events that led to the rampage through the Capitol building by his supporters last week.
This is the second time the chamber has sanctioned the president over his conduct, following a similar vote in late 2019 when Trump was accused of abusing his power to force the Ukrainian government to investigate then-presidential candidate Joe Biden. The difference this time is the vote was NOT completely partisan, with 10 House Republicans joining their Demoratic colleagues to condemn Trump’s actions.
Now the focus shifts to the Senate, where a trial will be held once House Speaker Nancy Pelosi files the articles of impeachment. The Senate is not back in session until Jan. 19, when Democrats will assume control with a one-vote majority (50–50, and Vice President Kamala Harris as the tie-breaker). …
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
Editor’s Note: This will be the last TWITE for 2020. Publication will resume on January 8, 2021.
Another Vaccine Approval As Number of COVID Cases Remains Elevated
The United States’ Food and Drug Administration (FDA) is close to approving another COVID-19 vaccine for emergecy use — even as the number of confirmed COVID-19 cases in the United States and in many parts of the world remains stubbornly high. Globally, there have been 75,084,964 confirmed cases globally, with 30,955,933 active cases and 1,665,008 fatalities.
The elevated infection rate in the U.S. continues— at the time of writing there were 17,287,875 confirmed cases, 9,196,302 active and 313,797 deaths.
So far this week (from December 13–17), there have been 978,872 new COVID-19 cases in the United States, compared to 956,754 during the same five-day period last week. On Thursday alone, the U.S. reported 215,463 new infections — compared to 206,805 new cases on the same day last week. …
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
More Vaccine Approvals Emergency Use As Infection Rate Continues To Rise
The United States’ Food and Drug Administration (FDA), as well as authorities in other countries, approved COVID-19 vaccines for emergecy use this week — positive news as the number of confirmed COVID-19 cases in the United States and in many parts of the world continues to soar. Globally, there have been 69,664,639 confirmed cases globally, with 23,155,049 active cases and 1,583,242 fatalities.
The elevated infection rate in the U.S. shows no sign of slowing down — at the time of writing there were 15,715,231 confirmed cases, 8,196,969 active and 295,450 deaths.
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
U.S. Hospitalizations, Infection Rate Soars Post-Thanksgiving Holiday
It looks like the current phase of the pandemic will make for a brutal winter, as the number of confirmed COVID-19 cases in the United States and in many parts of the world continues to spike, with a corresponding increase in the number of deaths — 65,315,465 confirmed cases globally, with 21,784,413 active cases and 1,508,319 fatalities.
The U.S. has seen no easing in the soaring infection rate — at the time of writing there were 14,281,380 confirmed cases, 7,149,949 active and 279,634 deaths.
This comes as daily coronavirus cases continue to surge to record levels, with the number if hospitalizations crossing the 100,000 mark this…
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
U.S. Infection Rate Remains Elevated Heading Into Holiday Season
There will not be much to be thankful for this holiday season, as the number of confirmed COVID-19 cases in the United States and in many parts of the world has continued to trend upwards, with a corresponding increase in the number of deaths — 56,991,301 confirmed cases globally, with 19,036,094 active cases and 1,362,191 fatalities.
The U.S. has seen no easing in the soaring infection rate — at the time of writing there were 11,801,472 confirmed cases, 5,422,035 active and 255,496 deaths.
This comes as daily coronavirus cases continue to surge to levels not seen since the summer, with hospitals in many states — especially those in rural areas — with a worrying spike in…
Welcome to a regular snapshot-review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.
Over 10.5 Million COVID Cases In The U.S., Infection Rate Continues To Soar
It looks like it will be a brutal winter, as the number of confirmed COVID-19 cases in the United States and in many parts of the world has continued to rise, with a corresponding increase in the number of deaths — 52,788,524 confirmed cases globally, with 17,312,647 active cases and 1,294,082 fatalities.
The U.S. in particular has seen the rate of infections spike to record levels — at the time of writing there were 10,637,421 confirmed cases, 4,532,358 active and 246,291 deaths.
This comes as daily coronavirus cases once again surged to levels not seen since the summer. Chicago has issued a stay-at-home order and limits on social gatherings, with exemptions for essential activities, while states like South Dakota are struggling to…
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