Articles by Bloomberg
Bloomberg
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[Lionel Laurent] The perfect coronavirus refuge
The world’s tourism hot spots are gradually reopening after the great lockdown, but they don’t look very alluring. Going to the beach will require spacing out parasols and forgetting about the drinks service, while a city break in Europe might mean keeping a mask on while shopping. Not to mention the quarantines being imposed to limit imported infections, hardly a great way to start a vacation. Public health has become a huge factor in tourism: “COVID-free” is the new fiv
Viewpoints May 19, 2020
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[Lionel Laurent] COVID-19 vaccine fight getting ugly
An effective COVID-19 vaccine, if it ever arrives, should be treated as a public good for the whole of society. Every continent has been struck by the virus, bar Antarctica. But the combination of national self-interest and pressure for the pharmaceutical industry to turn a profit is already triggering a geopolitical bust up over who actually gets access to the vaccine first. It’s a reminder that the spoils of drug research aren’t equally divided. The system is ripe for a rethink.
Viewpoints May 18, 2020
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[Therese Raphael] Boris Johnson’s reopening strategy confuses Britain
Boris Johnson’s much-anticipated address to the nation Sunday night left many feeling unsatisfied, and others infuriated. For a political team that has often used pithy slogans to devastating effect, the new one unveiled to guide Britain out of the lockdown -- “Stay Alert” -- feels like an epic fail. How does one stay alert and to what, people wondered. Part of the problem was presentational. Johnson’s 13-minute speech was short on details, leaving everyone to wait unti
Viewpoints May 14, 2020
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[Andreas Kluth] EU entering constitutional crisis
You might have been under the impression that the European Union has quite enough problems to manage. For one thing, there’s a pandemic going on, causing a recession and a debt crisis that might blow up the currency union. For another, two member states, Poland and Hungary, are going rogue, undermining democracy and the rule of law and increasingly seeking conflict with Brussels. I’m not the only one who’s been wondering whether the EU has a future at all. And now some red-rob
Viewpoints May 14, 2020
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[Noah Smith] US states must maintain lockdowns
Many states in the US are racing to reopen their economies before measures such as testing, contact tracing and full-time mask-wearing are in place. But one of biggest economic effects of a hasty end of lockdowns won’t be to save businesses; it will be to kick people off of desperately needed government assistance. While almost all other developed nations are seeing their new COVID-19 cases decline as a result of lockdowns and other public-health measures, the US has only managed to reach
Viewpoints May 12, 2020
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[Pankaj Mishra] The phony war on the coronavirus
Governments around the world say they’re engaged in a war against the coronavirus. Indian Prime Minister Narendra Modi invoked the legend of the Mahabharata, fought over 18 days, as he declared, with little warning, a devastating national lockdown. British Prime Minister Boris Johnson, who always seems to be mentally screening a film of Winston Churchill in World War II, said that “we must act like any wartime government.” Philippines President Rodrigo Duterte, who has long d
Viewpoints May 11, 2020
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[Noah Smith] Reason to protect workers from COVID-19
Harvard economist Melissa Dell recently won the 2020 John Bates Clark medal, which is given to outstanding economists younger than 40. Dell’s most famous research concerns the importance of institutions in a country’s long-term political and economic development. It carries a dire warning for the US as well as other nations. What is an institution? To most people it means well-established organizations, such as big businesses or the civil service. Economists use the word more genera
Viewpoints May 7, 2020
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[Lionel Laurent] No, Sweden isn’t a miracle coronavirus model
The World Health Organization has been generous with its praise throughout this pandemic. China, Singapore and Ireland have all received plaudits for their handling of the coronavirus crisis. Now that a new turning point is in sight, with the infection’s spread slowing and draconian lockdown measures being gradually lifted, the WHO is promoting the Swedish way of doing things. “Sweden represents a future model. … If we wish to get back to a society in which we don’t have
Viewpoints May 4, 2020
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[Adam Minter] Children silent victims of coronavirus
Many parents felt a profound sense of relief when analyses of the coronavirus found that kids rarely show symptoms and usually aren’t at much risk. Unfortunately, that doesn’t mean they’re safe from the global pandemic. Every parent is familiar with the day-to-day perils of the COVID-19 outbreak, with playgrounds closed, social interaction limited and screen time all too tempting. But the most consequential effects of this crisis are likely to come from two areas: health an
Viewpoints May 1, 2020
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[Hal Brands] The case for modest multilateralism
Great global traumas have a way of revealing the gap between the sort of international system we might like and the sort of international system we actually have. The coronavirus pandemic is no exception. One lesson of the crisis is that strengthened global cooperation will be critical to preventing future outbreaks. Another lesson, however, is that we’re not likely to have a “one-world” moment anytime soon. Rather than attempt to remake the international order after the viru
Viewpoints April 28, 2020
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[Mark Buchanan] Virus could sway climate change doubters
If the coronavirus pandemic has made one thing clear, it’s that knowledge, preparation and science matter. Political spin can win elections and keep millions of people misinformed, but it doesn’t sway the forces of nature, of which infectious disease is one. “Reality must take precedence over public relations,” as the American physicist Richard Feynman put it in the aftermath of the Challenger disaster, “for nature cannot be fooled.” Post-pandemic, one migh
Viewpoints April 27, 2020
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[Noah Smith] Virus crisis may keep Sanders revolution rolling
Now that Bernie Sanders has dropped out of the presidential race and endorsed presumptive candidate Joe Biden, it‘s worth considering just how profoundly Sanders seems to have shifted the policy landscape. Despite the rise of inequality and other long-term economic problems, a majority of Democrats probably felt too comfortable with the current system to embrace revolutionary change. Although the Sanders insurgency is over, many of the progressive ideas he urged on the electorate may yet c
Viewpoints April 25, 2020
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North Korea’s Kim dynasty has a long history of health scares
Two constant threads that have run through the history of North Korea: Rule by the Kim dynasty, and speculation about the health of its secretive leaders. The latest incident took place this week when US officials said Monday they were unsure of Kim Jong-un’s health after they were told he was in critical condition after undergoing cardiovascular surgery. South Korea’s presidential office subsequently said Kim was conducting normal activities in a rural part of the country. Tru
North Korea April 22, 2020
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[Pankaj Mishra] Old media suddenly has upper hand
The coronavirus pandemic has torn the veil off a long-obscured and frightening reality: Our economies are unconscionably fragile, propped up by low-wage jobs, and our health systems are tissue-thin. As companies go bankrupt and workers are laid off by the millions, it seems likely that most major economic and cultural institutions will suffer the shock of transition, if not extinction. These include the media, which has a key role to play in shaping how we think of and act upon this new world.
Viewpoints April 21, 2020
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[Noah Smith] We will recover faster if payroll is protected
The US government’s first economic relief bill to cope with the coronavirus shutdown was a stopgap measure. With employment in a free fall and businesses shutting down across the country, Americans needed money in their pockets as fast as possible. Without the time to figure out the optimal policy, the government turned to an existing system that was in place and ready to go: unemployment insurance. Millions of newly unemployed Americans now use these benefits as an economic lifeline. The
Viewpoints April 21, 2020
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