Virus puts brakes on US economic engine: consumer spending
4 years, 8 months ago

Virus puts brakes on US economic engine: consumer spending

Associated Press  

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. — The federal Health and Human Services department says it’s releasing the first $30 billion in grants provided by the stimulus bill to help keep the U.S. health care system operating during the coronavirus outbreak. Toyoda, speaking as head of the Japan Automobile Manufacturers Association, said that the group that brings together Japanese automakers including Nissan Motor Co. and Honda Motor Co., as well as parts makers, will set up a special fund to help people who have lost jobs find employment. — Spain’s economy minister Nadia Calviño said in an interview with Cadena SER radio that he wants Europe to launch “coronabonds,” shared debt backed by all 19 member countries that would be borrowed by the hardest-hit member nations at low interest rates. MARKETS: — Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve’s titanic effort to support the economy through the coronavirus crisis.

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Sri Lanka economic crisis pushes price of food items to 'unbearable levels', rice now selling at over Rs 200 per kg
2 years, 8 months ago

Sri Lanka economic crisis pushes price of food items to 'unbearable levels', rice now selling at over Rs 200 per kg

Firstpost  

Reeling under severe economic crisis, the Sri Lankan government is now forced to restrict the import of a host of essential commodities, including food items Colombo: Sri Lanka is already under an unprecedented economic crisis and amid this people being burdened further as prices of food essentials are soaring high. A report by Colombo Page mentioned consumers in Sri Lanka …

America’s food supply system is broken. Here’s how we can fix it (opinion)
4 years, 8 months ago

America’s food supply system is broken. Here’s how we can fix it (opinion)

CNN  

Editor’s Note: A version of this commentary originally published in April. CNN — I first met Scott Blubaugh, the president of the Oklahoma Farmers Union, last year when I was filming an episode on family farms for “United Shades of America.” There’s a lot of talk in this country of farmers as the backbone of America, and we were trying …

America’s food supply system is broken. Here’s how we can fix it (opinion)
4 years, 8 months ago

America’s food supply system is broken. Here’s how we can fix it (opinion)

CNN  

Editor’s Note: A version of this commentary originally published in April. CNN — I first met Scott Blubaugh, the president of the Oklahoma Farmers Union, last year when I was filming an episode on family farms for “United Shades of America.” There’s a lot of talk in this country of farmers as the backbone of America, and we were trying …

Coronavirus Outbreak: COVID-19 exposes lacunae in India's food security, system needs overhaul from production to last-mile delivery
4 years, 8 months ago

Coronavirus Outbreak: COVID-19 exposes lacunae in India's food security, system needs overhaul from production to last-mile delivery

Firstpost  

One of the most critical challenges that the current coronavirus pandemic has underscored is India’s ability of the food sector to effectively cope with crisis situations. The global coronavirus health crisis, inter alia, has exposed the systemic deficiencies in India’s food security systems and the tilted priorities between its defence and food sector. Food security Coming to the other side …

As coronavirus outbreak exposes faultlines in long supply chains, are locally self-sufficient economies the way forward?
4 years, 8 months ago

As coronavirus outbreak exposes faultlines in long supply chains, are locally self-sufficient economies the way forward?

Firstpost  

A lot of food in India was and largely still is produced by small and marginal farmers. And finally, food grown locally for the local market is always available to those who live nearby, even in a crisis. If there was rice in the fields, and vegetables in the kitchen garden, and fish and ducks in the pond, and you …

The Coronavirus Reveals The 'Invisible Inequalities' In Our Food System
4 years, 8 months ago

The Coronavirus Reveals The 'Invisible Inequalities' In Our Food System

Huff Post  

LOADING ERROR LOADING Americans are worried about food, many for the first time in their lives. Every single part of the food system is affected by, starting from production and where we are going to get people to harvest food if they’re not allowed to be near each other or come into the country. Bill Hayes We’re seeing the shelves …

Coronavirus | World could face a food crisis: UN, WTO
4 years, 9 months ago

Coronavirus | World could face a food crisis: UN, WTO

The Hindu  

The heads of three global agencies warned on Wednesday of the risk of a worldwide “food shortage” if authorities fail to manage the ongoing COVID-19 crisis properly. “Uncertainty about food availability can spark a wave of export restrictions, creating a shortage on the global market,” said the joint text signed by Qu Dongyu, head of the UN’s Food and Agriculture …

World risks food crisis in wake of coronavirus, officials warn
4 years, 9 months ago

World risks food crisis in wake of coronavirus, officials warn

Al Jazeera  

Governments must ensure free trade especially to avoid further slowdowns in food-supply chains, WTO, WHO, UN say. As governments around the world are trying to curb the spread of the novel coronavirus by putting their populations in lockdown, international trade and food supply chains suffered a severe slowdown. “Uncertainty about food availability can spark a wave of export restrictions, creating …

Coronavirus undermines Indian farm crop prices, derails rural rebound; export demand dips as produce becomes expensive for overseas buyers
4 years, 9 months ago

Coronavirus undermines Indian farm crop prices, derails rural rebound; export demand dips as produce becomes expensive for overseas buyers

Firstpost  

With more than 263 million farmers, the health of India’s farm sector can have a significant impact on the economy. However, the coronavirus outbreak sent crop prices tumbling just as Asia’s third-biggest economy was expanding at its slowest pace in more than six years. Prices for key crops like corn, soybeans, cotton and onions have plunged as much as 50 …

Viral economies: The Hindu Editorial on coronavirus impact on global economy
4 years, 10 months ago

Viral economies: The Hindu Editorial on coronavirus impact on global economy

The Hindu  

The global economy appears headed for uncharted, troubled territory thanks to the second wave of the coronavirus that has now spread to countries as far apart as Nigeria and New Zealand. The virus has crippled global supply chains, hit air travel and convulsed markets as it appears all set to adversely impact the U.S. economy, the global economic engine. A …

Economic pandemic: Coronavirus slams South Korea, Italy
4 years, 10 months ago

Economic pandemic: Coronavirus slams South Korea, Italy

CNN  

London CNN Business — The emergence of hundreds of coronavirus cases in two major economies outside China has dashed hopes of a speedy recovery from an epidemic that has already wreaked havoc on global supply chains and hit company profits. It may not be called a health pandemic yet but it is an economic pandemic.” Diane Swonk, chief economist at …

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