Friday, May 8, 2020

Staggering

   America is staggering as the number of deaths from the corona virus hits 77,000 and the number of infections goes above 1.3 million. At the same time, the unemployment rate soared to 14.7 percent and 20.5 million people lost their jobs in April.
   Airlines are seeing a near total drop in passengers, and major retailer Neiman Marcus has gone bankrupt.
   All this as several states move to reopen despite warnings from health experts that any slowing of the death curve will be cancelled because of it.
   For many workers, however, the choice comes down to this: With their income slashed, they must choose between buying food or paying the rent. Therefore, they go back to work and hope the virus does not strike their families.
   The president said in a TV interview that those jobs "will all be back, and very soon." Economists, however, warned that more than 40 percent of those jobs might be permanently lost.

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