As a result of the Covid-19 pandemic, the International Monetary Fund is projecting the global economy to contract by –3 percent in 2020. However, assuming “that the pandemic fades in the second half of 2020” the IMF is also projecting global economy to recover and grow by 5.8 percent in…
N95 Mask Sterilization Technology Begins Use Across Country
April 13, 2020
$415 million worth of the new technology used for N95 mask sterilization has begun to be delivered to hospitals across the country. Currently, “six units have already been delivered to locations including two to New York, and one each to Columbus, Ohio, Boston, Chicago and Tacoma”. Each unit “can decontaminate…
Shootings in Chicago Up, Crime Overall Down Amid Coronavirus Lockdown
April 13, 2020
This past weekend saw 22 people shot in Chicago, with three shot dead. Since Chicago announced a state-wide stay at home order, shootings have been up, while overall crime has been down significantly (compared to last year). Theft has been down over 30%, while murder dropped 77% the week after…
WTO Director Calls for Global Reduction in Tariffs for Post-Pandemic Economic Recovery
April 12, 2020
World Trade Organization Deputy Director Alan Wolff has issued a statement that the world “must start preparing to assist in the recovery of the global economy following the COVID-19 crisis”. Currently, “World trade is expected to fall by between 13% and 32% in 2020”, while “costs of trade… [have] increased…