Paul Krugman in the NYT: “While coronavirus relief legislation is often called ‘stimulus,’ that’s not what Biden is trying to do. The economy in 2021 isn’t like the economy in 2009, depressed because there isn’t enough demand; we haven’t fully recovered because we’re still on partial lockdown, with some activities curtailed by the risk of infection.
“The goal of policy in this situation isn’t to pump up spending, getting people to eat out and travel. It is, instead, to help people, businesses and local governments get through the difficult period until widespread vaccination lets us go back to business as usual.
“And we know, as certainly as we know anything in economics, that the economy will be depressed at least into the summer and probably beyond. The last package didn’t provide remotely enough aid to get us through those months. Asking whether that package boosted the economy therefore completely misses the point; it’s obvious that America needs another round of disaster relief.”
Unity is a fine goal, but don?t expect much cooperation.
The period after a vaccine is approved will be strange and confusing, as certain groups of people get vaccinated but others have to wait.
No one’s going anywhere anytime soon.
Every time it looks like recovery is close, a new surge of the coronavirus pushes back the timeline. Now, even as vaccines raise hopes, for those who rely on tourism for their livelihoods, it might be too late.
Fans of the Netflix series, including teenagers and the actress Beth Behrs, are flocking to the game because “women can be rock stars” in chess.
The Supreme Court ruling against New York state's decision to limit religious gatherings in a few high-incidence parts of New York City during the Covid-19 pandemic will cause grave danger in the rest of the country, where public health authorities will feel hamstrung to restrict religious gatherings even when the virus is spreading out of control, writes Jeffrey Sachs.
Studies in the Baltic state moved seamlessly online thanks to its early adoption of education technology
Fauci is wrong about one thing. Trump is not looking at this from the perspective of “the economy and reopening the country.” He’s looking at it from the perspective of his own re-election.
Top scientist predicts a long and potentially deadly winter as infections and hospitalizations spike across the country.
Paul Krugman in the NYT: “You might think that Republicans would set the plutocratic imperative aside when the case for more government spending is compelling, whether it’s to repair our crumbling infrastructure or to provide relief during a pandemic. But all indications are that they believe — probably rightly — that successful government programs make the public more receptive to proposals for additional programs.
“That’s why the G.O.P. has tried so frantically to overturn the Affordable Care Act; at this point it’s clear that Obamacare’s success in cutting the number of uninsured Americans has created an appetite for further health care reform.
“And that’s why Republicans are unwilling to provide desperately needed aid to economic victims of the pandemic. They aren’t worried that a relief package would fail; they’re worried that it might succeed, showing that sometimes more government spending is a good thing. Indeed, a successful relief package might pave the way for Democratic proposals that would, among other things, drastically reduce child poverty.”
Why Senate Republicans won’t help Americans in need.