May 18, 2020

Federal Reserve Chairman Jerome Powell on the coronavirus-ravaged economy

“Longer and deeper recessions tend to leave behind damage to people’s careers. The small and medium size businesses…if they have to go through a wave of avoidable insolvencies, you have…lost something…it’s really the job creation machine. Keeping people and businesses out of insolvency…while the health authorities do what they can do.”

Trump Compares Coronavirus Vaccine Search to the Manhattan Project

President Donald Trump unveiled plans to find a coronavirus vaccine by the end of the year.

Fed Warns of Significant Hit to Asset Prices If Crisis Grows

The Federal Reserve issued a stark warning Friday that stock and other asset prices could suffer significant declines should the coronavirus pandemic deepen, with the commercial real estate market being among the hardest-hit industries.

Fed says risks to the financial system are worrying

“Corporate leverage was cited as a significant problem…private credit and loans rated below investment-grade…Triple-B rated segment of the corporate bond market…were highlighted.”

Poll: 40% of Families More Likely to Homeschool When Pandemic Ends

…there is a strong desire to have these and other educational options available to families, with both strong support for the general concept of school choice and even stronger support for a specific federal proposal, Education Freedom Scholarships.”

Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

Some employees, expecting years of rolling shelter-in-place orders, are making long-term life decisions now. And they have a lot of housing options, given that the starting salary for a software engineer at Facebook and Google exceeds six figures, according to Glassdoor data.

This twist on the four-day workweek could get people back to work without causing new outbreaks

Four days on followed by 10 days off would let businesses reopen but make sure employees were isolated in case they became infectious.

Disney World, Disneyland may stay closed until 2021: analyst

Disney, which shuttered the Disneyland Resort in Anaheim, Calif. and Walt Disney World Resort in Orlando, Fla. on March 12, will likely be unable to reopen the parks until Jan. 1,

Televisits may be here to stay for doctors, patients

Since the 1960s, telehealth cheerleaders have been predicting that video visits with doctors would soon become common for many U.S. patients. That became true only weeks ago, six decades later, when the coronavirus pandemic essentially shut down the world.

Exclusive: Second more deadly wave of coronavirus ‘to hit Europe this winter’

“I’m very concerned about a double wave – in the fall, we could have a second wave of Covid and another one of seasonal flu or measles.”

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