coronavirus crisis

Global inequality is on the rise – but at vastly different rates across the world

Global Poverty: Coronavirus Could Drive It Up For The First Time Since The 1990s

Andy Sumner, Christopher Hoy and Eduardo Ortiz-Juarez via The Conversation| As COVID-19 slows in developed countries, the virus’s spread is speeding up in the developing world. Three-quarters of new cases detected each day are now in developing countries. And as the pandemic spreads, governments face juggling the health consequences with economic ones as this shifts to becoming an economic crisis.

sicilian mafia godfather

Eating Alone

Keith Godfrey | “You eat alone, you choke” is an ancient proverb with origins lost in the mists of time. In Mafia circles it expresses their family centred, ruthless sense of unity and purpose and celebrates tight-knit self-propelling interest. And yet, as we know even in the best regulated Mafia families every now and then those interests can pull in different directions. When that happens, the family member breaking ranks is said to “eating alone”. The implication is that bad things will soon follow. And worst of all, whether from lack of protection or because of overzealous protection from outside parties, eating alone makes for bad business.

The week that was: some are taking back control, others are stranded in Iowa by 1.1%, but spill-over from coronavuris would be bigger

The Week That Was: Some Are Taking Back Control, Others Are Stranded In Iowa

Christian Gattiker (Julius Baer) | Policymakers in China made a credible move in their attempt to regain control over the current situation. After injecting liquidity into financial markets, they announced the potential for a cure/vaccination available soon and later cut some tariffs on US imports. Fear-stricken markets took a sigh of relief.