Economic Effects of Covid-19

We have ALL your misinformation, plus some TRUE FACTS and SCIENCE.
User avatar
Lani
Posts: 1962
Joined: Mon Feb 22, 2021 11:42 am

Re: Economic Effects of Covid-19

#26

Post by Lani »

The socioeconomic fallout from the COVID-19 pandemic has derailed progress toward gender equality globally. Studies from around the world reveal that women and girls are increasingly more likely to face poverty, economic insecurity, gender-based violence, and barriers to accessing critical health services. They are also disproportionately bearing the burden of increases in unpaid care and domestic labor due to a global contraction of the care sector. In the past, health crises and economic shocks have widely exacerbated gender inequities, and these setbacks have persisted largely because of recovery plans that ignore the differential needs that women face. As these gender-blind policies and interventions continue to fail women, so too do they impede greater economic recovery and growth.

A sustainable, equitable, and just recovery from COVID-19 requires purposeful policy action to mitigate the worsening of structural inequalities and to address their root causes. This report synthesizes existing evidence of how women have been impacted by the pandemic, how governments have responded to date, and what is at stake if policymakers fail to enact more inclusive recovery measures. It also provides recommendations for rights-based policies, interventions, and investments underpinned by rigorous gender analysis. Finally, this report recognizes that “the women and girls who are furthest behind often experience multiple inequalities and intersecting forms of discrimination, including based on their sex, age, class, ability, race, ethnicity, sexual orientation, gender identity, and migration status” and calls for an intersectional and nuanced approach to evidence-based policymaking that benefits everyone.
Elevating Gender Equality in COVID-19 Economic Recovery
https://genderequalitycovid19recovery.com/


Image You can't wait until life isn't hard anymore before you decide to be happy.
User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#27

Post by RTH10260 »

Shiawassee County Board of Commissioners assigned themselves hazard pay

By Markie Heideman
Published: Jul. 21, 2021 at 3:07 AM CEST

CORUNNA, Mich. (WILX) - County commissioners in Shiawassee County are receiving bonus checks. The County Board of Commissioners voted to pay 250 county employees a one-time payment using federal COVID-19 relief money.

That money is meant to help businesses and local governments deal with the effects of COVID-19.

The average payment for each employee was $2,100. But at least one commissioner received $25,000. Right now, it’s not known why some county employees were paid more or less than others.

They allowed the county to pay employees and elected officials anywhere between $1,000 and $25,000, according to the Michigan Department of Treasury.

The Michigan Association of Counties released a statement regarding the controversial decision, saying it is up to the county’s board of commissioners in each county to decide how to use the money.

“We have been consistently advising our members to focus on making strategic investments in their services to the public, through documents, through regular briefings for commissioners and administrators and through webinars put on by such partners as the state of Michigan and the National Association of Counties,” said Stephan Currie, MAC executive director. “We are not aware of any other counties considering payments to elected officials, and MAC has not provided any guidance or advice to do so.”

Commissioner Marlene Webster says when she voted for the bonuses, she didn’t realize it would go to commissioners, as well.



https://www.wilx.com/2021/07/21/shiawas ... azard-pay/


User avatar
Lani
Posts: 1962
Joined: Mon Feb 22, 2021 11:42 am

Re: Economic Effects of Covid-19

#28

Post by Lani »

In August rent and utility abatement ends in Hawaii. There is a PR drive to notify everyone and refer them to organizations that can help financially or refer to mediation. It's going to be a scary time for too many people.


Image You can't wait until life isn't hard anymore before you decide to be happy.
Dave from down under
Posts: 1883
Joined: Tue Feb 23, 2021 4:50 pm
Location: Down here!

Re: Economic Effects of Covid-19

#29

Post by Dave from down under »

Qantas Group will make it mandatory for all of its 22,000 workers to be fully vaccinated against COVID-19.

Frontline employees – including cabin crew, pilots and airport workers – will need to be fully vaccinated by November 15 and the remainder of employees by March 31.

There will be exemptions for those who are unable for documented medical reasons to be vaccinated, which is expected to be very rare.

https://www.abc.net.au/news/2021-08-18/ ... /100386206


User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#30

Post by RTH10260 »

‘Super Taster’ Who Lost Sense of Smell Is Helping Italians Regain It
A celebrated epicure in Italy was devastated when Covid-19 first stole, then warped his sense of taste. Through training, Michele Crippa has recaptured some of it and is now on a quest to aid others.

By Emma Bubola
Aug. 20, 2021

PIACENZA, Italy — Michele Crippa’s palate was renowned in Italy’s gastronomic circles, capable of appreciating the most subtle of flavors.

He taught young chefs to distinguish between Parmesan cheeses of different ages — and between milk extracted at different altitudes. He reveled in the perfume of cod smoked over pine cones. In his reviews for Italy’s pre-eminent food magazine, he discerned the scent of champagne in raw Nicaraguan coffee beans and tasted traces of green peas in a blend from Kenya.

Then, at 9:40 a.m. on Mar. 17, 2020, Mr. Crippa, 32, poured himself a cup of coffee. He tasted only hot water.

Like so many people who have contracted the coronavirus, Mr. Crippa lost the ability to smell — so intrinsic to tasting food — and when it returned, it came back warped.

Spoiled milk tasted fine. Sweet wafts of vanilla triggered heaves of disgust. Peaches tasted like basil.

An expert who once could describe the sea breezes and volcanic soil that he detected in sips of a Sicilian white wine, now could do little better than calling it “cold.”

On a recent morning, Mr. Crippa, 32, stood in front of a group of similarly afflicted Italians in the city of Piacenza in northern Italy.

They had gathered in a university lab equipped with aspirators to remove extra odors from the air, a place often used by professional tasters to evaluate the origins and quality of olive oils, coffee blends, grappas and chocolates.

But this group just wanted to taste anything again and had turned to Mr. Crippa for help.



https://www.nytimes.com/2021/08/20/worl ... smell.html


User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#31

Post by RTH10260 »

Vaccinated Democratic Counties Are Leading the Economic Recovery
Data show America’s output is concentrated in counties that Biden won—which are better protected against delta.

26 August 2021, 10:00 CEST

With Covid-19 cases once again rising across the country, the U.S. is struggling to curb the latest, delta-driven surge, as hospitalizations and deaths have steadily climbed. But at least so far, the economy has proved highly resilient. There are many reasons for this, ranging from generous stimulus checks to the Federal Reserve’s commitment to buying bonds and holding interest rates low.

But some interesting new data on the overlap of electoral politics and economic dynamism suggest another reason: The geography of America’s economic engine is heavily concentrated in counties that Joe Biden won in 2020. These counties are much more heavily vaccinated than the rest of the country and thus better able to withstand the economic effects of Covid’s delta variant.

The shift of U.S. economic production toward blue counties predates the arrival of the coronavirus. After the 2016 election, Mark Muro, the policy director of the Brookings Institution’s Metropolitan Policy Project, found that the 472 counties Hillary Clinton won produced 64% of the country’s economic output, while the 2,584 counties Donald Trump won contributed just 36%. That was a significant jump from the 2000 election, when the blue-red county economic split was 54% to 46%. Muro dubbed this divide “high-output America” vs. “low-output America.”

Last year, after Biden defeated Trump, Muro looked again and found that the economic output divide has grown even more pronounced. The 520 counties Biden won account for fully 71% of U.S. gross domestic product, while the 2,564 that Trump carried produced just 29%. In other words, America’s economic engine is bluer than ever.



https://www.bloomberg.com/news/articles ... -biden-won


User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#32

Post by Volkonski »



“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#33

Post by Volkonski »

Volkonski wrote: Tue Aug 31, 2021 5:36 pm
Labor shortages due to Covid etc.


“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
busterbunker
Posts: 134
Joined: Mon Feb 22, 2021 9:46 pm

Re: Economic Effects of Covid-19

#34

Post by busterbunker »

Interesting. I'd been following marine traffic in NorCal/Port of Oakland, and the number of ships biding their time while they await a dock has dropped over the last few months. Now I see where they are, a whole mess of them dropped anchor off Long Beach.


Dave from down under
Posts: 1883
Joined: Tue Feb 23, 2021 4:50 pm
Location: Down here!

Re: Economic Effects of Covid-19

#35

Post by Dave from down under »

https://www.abc.net.au/news/2021-09-01/ ... /100423896

Australian house prices are $103,400 more expensive than last year, says CoreLogic

Australian house prices have become even more expensive, with lockdowns across NSW, Victoria and the ACT having practically no impact on property values.

The nation's median property price lifted by 1.5 per cent last month (to $666,514), according to the latest CoreLogic data.

Nearly every capital city became pricier, with Hobart (+2.3pc), Canberra (+2.2pc) and Brisbane (+2pc) experiencing the biggest increases.

Prices in the other capitals also went up sharply, including Adelaide (+1.9pc), Sydney (+1.8pc) and Melbourne (+1.2pc). But Darwin was the outlier, with prices falling 0.1 per cent last month.

However, this month's figures from CoreLogic did not include Perth or regional Western Australia "pending the resolution of a divergence from other housing market measures in WA".

"Housing prices have risen almost 11 times faster than wages growth over the past year, creating a more significant barrier to entry for those who don't yet own a home," said CoreLogic research director Tim Lawless.

"Lockdowns are having a clear impact on consumer sentiment, however to date the restrictions have resulted in falling advertised listings and, to a lesser extent, fewer home sales, with less impact on price growth momentum."

"It's likely the ongoing shortage of properties available for purchase is central to the upwards pressure on housing values."

In context, Australian property values have jumped 15.8 per cent since the year began. They were also 18.4 per cent higher compared to this time, last year.

In dollar terms, Australia's median property price has risen by around $103,400 in the past year (which equates to about $1,990 per week).

In comparison, Australian wages are growing at a much slower pace (about 1.7 per cent annually), underscoring the worsening affordability issues.


Dave from down under
Posts: 1883
Joined: Tue Feb 23, 2021 4:50 pm
Location: Down here!

Re: Economic Effects of Covid-19

#36

Post by Dave from down under »

https://www.abc.net.au/news/2021-09-01/ ... /100424002

Australia's economy bounced from the COVID recession, with national growth rising 9.6 per cent over the year to June.

The nation's economy rose 0.7 per cent in the June quarter, according to Australian Bureau of Statistics (ABS) data.

The figures for the three months to June do not give the full picture of the economy suffering from long lockdowns in Australia's two biggest cities of Sydney and Melbourne, as well as shorter snap lockdowns in some other states.

The figures beat economists expectations.

A Reuters poll of economists had predicted that the economy would grow by 0.5 per cent in the June quarter, compared with the previous quarter.


User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#37

Post by Volkonski »



“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
User avatar
Foggy
Dick Tater
Posts: 4885
Joined: Mon Feb 22, 2021 8:45 am
Location: TOP SECRET Fogbow HQ
Occupation:: muttering and puttering

Re: Economic Effects of Covid-19

#38

Post by Foggy »

When I was a boy, they didn't need no stinkin' chips to build a car. :oldman:


We are NOT going back! - Nancy Pelosi
Mood: deciduous
User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#39

Post by RTH10260 »

I am not an economist nor a avid observer of the markets, but I seems to remember that the chip shortage started already before covid made the news. I have the impression that the US tariff wars under the prior administration has had a dampening effect on the supply chains that are needed to build the various chip families.


Jim
Posts: 532
Joined: Mon Feb 22, 2021 5:46 pm

Re: Economic Effects of Covid-19

#40

Post by Jim »

Foggy wrote: Thu Sep 02, 2021 2:41 pm When I was a boy, they didn't need no stinkin' chips to build a car. :oldman:
They had cars when you were a boy? I thought you were still on horseback. :D


User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#41

Post by RTH10260 »

UK
Volunteers may be required in staffing shortfall at English care homes
‘Alarming’ drop in workers signing up, with many put off by requirement to be fully vaccinated against Covid by 11 November

Robert Booth Social affairs correspondent
Tue 24 Aug 2021 17.05 BST

An army of volunteers could be needed this winter to tackle rising staff shortages in care homes fuelled by the looming requirement for all care home workers to be fully vaccinated against coronavirus, providers have said.

As the health secretary, Sajid Javid, urged care workers to book their jabs in time to meet the 11 November deadline for all staff in registered care homes in England to be fully vaccinated, the Independent Care Group said operators could be forced to hand back contracts to councils or close care homes and relocate residents because of a staffing crisis, exacerbated by ongoing vaccine hesitancy among a minority of staff. It is leading calls for retired nurses, doctors, carers, to be trained and DBS-checked to fill vacancies in case of a feared “winter meltdown” in staff numbers.

One in five workers on the books of a care worker agency in Sheffield are declining the vaccine, according to Nicola Richards, the director of Palms Row Healthcare. She also reported an “alarming” drop in the number of workers signing up, with many put off by the “no jab, no job” policy. She has been unable to provide temporary staff to some clients in recent weeks.

The government last month calculated that in a worst-case scenario as many as 68,000 care workers – up to 12% – could be lost as a result of the decision to make vaccination a condition of employment in care homes. A more likely prediction is 40,000, but care managers say that even small numbers of people refusing the vaccine will impact services because rotas are already threadbare, with well over 100,000 vacancies in the sector.


https://www.theguardian.com/society/202 ... in-workers


User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#42

Post by Volkonski »

The British have nutcases just like we Americans. Special relationship indeed. :roll:


“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#43

Post by Volkonski »



“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#44

Post by RTH10260 »

:twisted: you have a Brexit moment :?:


User avatar
Volkonski
Posts: 8007
Joined: Mon Feb 22, 2021 11:06 am
Location: Texoma and North Fork of Long Island
Occupation:: Retired mechanical engineer
Contact:

Re: Economic Effects of Covid-19

#45

Post by Volkonski »

Santa shortage.



Foam packaging shortage.



Teacher shortage.



Truck driver shortage.



“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
User avatar
MN-Skeptic
Posts: 1514
Joined: Mon Feb 22, 2021 1:03 pm
Location: Twin Cities

Re: Economic Effects of Covid-19

#46

Post by MN-Skeptic »

The shortage is for drivers willing to work for the current wages. Get back to a decent living wage for any job and you’ll get more applicants.


User avatar
Foggy
Dick Tater
Posts: 4885
Joined: Mon Feb 22, 2021 8:45 am
Location: TOP SECRET Fogbow HQ
Occupation:: muttering and puttering

Re: Economic Effects of Covid-19

#47

Post by Foggy »

:yeahthat:


We are NOT going back! - Nancy Pelosi
Mood: deciduous
User avatar
RTH10260
Posts: 5861
Joined: Mon Feb 22, 2021 10:16 am
Location: Switzerland, near the Alps

Re: Economic Effects of Covid-19

#48

Post by RTH10260 »

As covid persists, nurses are leaving staff jobs — and tripling their salaries as travelers

By Lenny Bernstein
Today at 2:51 p.m. EST

The American Hospital Association represents a wide variety of hospitals, including nonprofit, for-profit, government and others. A previous version of this article said the group represents only nonprofit hospitals. The article has been corrected.

Wanderlust, and the money to fund it, made Alex Stow’s decision easy. After working a couple of years in an intensive care unit, he signed up to be a travel nurse, tripling his pay to about $95 an hour by agreeing to help short-staffed hospitals around the country for 13 weeks at a time.

“Travel” proved a bit of a misnomer. His current assignment is in Traverse City, Mich., only a few hours from his old full-time job in Lansing — close enough that he still works per-diem shifts at his previous hospital.

Now Stow, 25, is buying a truck and a camper and preparing to hit the road. He’ll work where he wants and take time off to see the country between nursing assignments.

“As soon as I found out that was a thing, I thought, ‘That’s got my name written all over it,’ ” said Stow, who agreed to discuss his new work life if the hospitals were not named.

If 2020 was the year travel nursing took off, with 35 percent growth over the pre-pandemic year of 2019, this year has propelled it to new heights, with an additional 40 percent growth expected, according to an independent analyst of the health-care workforce.

The continued pandemic; an aging, burned-out and retiring nurse workforce; the return of hospital services that were shut down last year; and a shortage of foreign recruits and nursing students have combined to make travel nursing one of the most critical and sensitive issues in health care.

“Of all the things that keep CEOs of hospitals up at night, this is the key one,” said Chip Kahn, president and chief executive of the Federation of American Hospitals, which represents about 1,000 for-profit facilities.

Hospitals accuse the travel companies of price gouging. The companies say they are responding to the laws of supply and demand in an increasingly mobile work environment. Nurses’ unions say there would be no shortage if nurses were adequately paid and afforded better working conditions.



https://www.washingtonpost.com/health/c ... story.html


User avatar
Lani
Posts: 1962
Joined: Mon Feb 22, 2021 11:42 am

Re: Economic Effects of Covid-19

#49

Post by Lani »

RTH10260 wrote: Mon Dec 06, 2021 4:23 pm
As covid persists, nurses are leaving staff jobs — and tripling their salaries as travelers

:snippity:

Nurses’ unions say there would be no shortage if nurses were adequately paid and afforded better working conditions.
And there you have it. Treat staff better.


Image You can't wait until life isn't hard anymore before you decide to be happy.
User avatar
scirreeve
Posts: 1223
Joined: Mon Feb 22, 2021 12:56 pm

Re: Economic Effects of Covid-19

#50

Post by scirreeve »

Lani wrote: Tue Dec 07, 2021 1:51 am
RTH10260 wrote: Mon Dec 06, 2021 4:23 pm
As covid persists, nurses are leaving staff jobs — and tripling their salaries as travelers

:snippity:

Nurses’ unions say there would be no shortage if nurses were adequately paid and afforded better working conditions.
And there you have it. Treat staff better.
I have a friend who is a nurse. She was a nurse in Ohio but decided to do the traveling thing a month before Covid. Ended up on Maui at the hospital there and then got inundated with the Covid cases there. They offered her a full time job a year or so later and she accepted and quit her temp thing. I assume she did OK financially cuz supply and demand (but don't know for sure). There are worse place to end up (she was recently divorced and her kids are now young adults so why the hell not?).


Post Reply

Return to “COVID-19 and its several variants”