Capitalism

March 24, 2020  

“Sick… guess we didn’t move quick enough after all…” — Stephen King, The Stand.

The Covid-19 Shock Meets an Impending Economic Recession

As of March 2020, the world is back to the future. The global financial crisis of 2007-08, which escalated into a global financial meltdown in September 2008, was supposed to be the big bang crisis, a once in a lifetime event. And yet, here we are again.

Some Canadian organizations are asking the federal government to focus any bailout of the oil industry on workers and families, not corporations.

The request comes in an open letter to Prime Minister Justin Trudeau, released Tuesday morning and signed by environmental organizations, faith and labour groups that the signatories say represent about 1.3 million people.

“Giving billions of dollars to failing oil and gas companies will not help workers and only prolongs our reliance on fossil fuels,” the letter says.

March 16 2020

March 12, 2020

March 16, 2020

March 12, 2020

COVID-19 is finally the monster at the door. Researchers are working night and day to characterize the outbreak but they are faced with three huge challenges.

First the continuing shortage or unavailability of test kits has vanquished all hope of containment. Moreover it is preventing accurate estimates of key parameters such as reproduction rate, size of infected population and number of benign infections. The result is a chaos of numbers.