Global pandemic events in history, beyond death and destruction, have caused major economic fallout and collapses in international trade. Read more
By Jim Orr,
The New York State Department of Labor reported that employment statewide increased by 98,000 (seasonally adjusted) in May, a recovery of about 5.0 % of the nearly 2 million jobs lost in the March/April period. This gain was below the nationwide recovery in May of about 11.0
The Emerging Market (EM) economies that came out of the 2008 financial crisis relatively faster than advanced economies are hard hit by a quadruple-whammy this time: the pandemic, capital outflows, economic recession, and debt crisis.Read more
By Fotis Siokis,
As a great leap of solidarity, the European Commission unveiled on Wednesday, May 27th, the “Next Generation EU” recovery fund plan equal to $ 825 billion (€750 billion). Of this amount, nearly $ 550 billion will be in the form of grants and the rest will be made up
By Jim Orr,
The New York State Department of Labor reported a (seasonally adjusted) loss of 1.83 million jobs statewide in April, a year-over-year decline of 19.4%. This decline exceeds the 12.9% job loss nationwide in April reflecting the much stronger impact of COVID-19 in New York. Combining the job
New York, along with the rest of the nation and world, is in the midst of the coronavirus crisis. It is hard to comprehend the tragic loss of more than almost 17,000 lives (as of April 27) statewide including more than 11,000 in New York City. Read more
The New York State Department of Labor reported a (seasonally adjusted) loss of 41,700 jobs statewide in March, a decline of 0.4% over the month and in line with the nationwide decline of 0.5%. The Department notes that the reference period for collecting the data occurred before the many
The United States has been experiencing an increase in the number of deaths due to suicide and drug overdose. In this article I first explain this problem, review the theories behind this phenomenon focusing on drug abuseRead more
New York City employment is now well into its ninth year of growth and jobs across a variety of sector continue to expand. Read more
Taiwan's single-payer National Health Insurance system was implemented in 1995 and designed using the U.S. Medicare program as a template.Read more
