Archive for the ‘Coronavirus Economic Crisis’ Category
Link: https://aearesearchhighlights.libsyn.com/ep-49-the-great-reset
The Covid-19 pandemic has significantly impacted wealth and income disparity. In his paper, Guido Alfani looks back at previous pandemics to see how different factors affected the gap between the rich and poor. Guido explores how we can learn from previous pandemic policies so new policy decisions can have a meaningful impact on decreasing inequality in the long run.
Original Air Date: April 4, 2022
Length: 19 Minutes
Citation: Alfani, Guido. 2022. “Epidemics, Inequality, and Poverty in Preindustrial and Early Industrial Times.” Journal of Economic Literature, 60 (1): 3-40.
Link: https://www.npr.org/2022/04/07/1091489931/insuring-music-venues-during-a-pandemic
You own a business and a pandemic hits so you are forced to shut down, but what do you do when your source of income is terminated? This episode of the Indicator discusses the policies and arguments insurance companies make when it comes to settling in circumstances like the pandemic. They also talk with Summer Gerbing, a small music business owner, who touches upon the steps and actions business owners can take in order to be able to survive when it comes to unforeseen situations, such as a pandemic.
Original Air Date: April 7, 2022
Length: 9 minutes 37 seconds
Link: https://www.npr.org/2022/04/25/1094706897/you-should-probably-get-your-plane-tickets-soon
The Indicator this week discusses what is happening in the airline industry. After hard hits from COVID-19 they are finally expecting to make profits this year, but there are many factors that could crush those expectations. Limited staffing and picketing from fatigued pilots and higher jet fuel prices due to the limited supply of oil are just some of the major problems facing these airline companies. Ticket prices will go up as consumers bear the brunt of the oil shortage. Airlines are also cutting different flight paths as there is not enough incentive to keep servicing certain routes. The biggest take away is to book your tickets early and be prepared for rising prices.
Original Air Date: April 25, 2022
Length: 10 minutes 17 seconds
Link: https://www.npr.org/2021/12/01/1060610393/a-locked-door-a-secret-meeting-and-the-birth-of-the-fed-classic
On this episode from Planet Money, they discuss the events and people that led the creation of the Fed, relevant in 2022 in light of the pressure the Fed is facing in as inflation continues to rise. A quick guide to J.P. Morgan’ s influence and help with founding the Fed so big bailouts no longer had to fall on his pockets.
Original Air Date: December 20, 2013
Length: 17 minutes 10 seconds
Link: https://www.npr.org/sections/money/2022/02/08/1078035048/price-controls-black-markets-and-skimpflation-the-wwii-battle-against-inflation
During World War II, when inflation was very high, the United States government took many different actions to fight it including implementing an income tax, rationing, and price ceilings. Today we have the Federal Reserve which means we will hopefully not have to resort to these drastic measures to fix inflation ever again.
Original Air Date: February 8, 2022
Length: 23 Minutes 24 Seconds
Link: https://www.npr.org/2021/03/12/976569019/chips-cars-and-the-baby-bust
In 2020, everyone, no matter their involvement with economics, knew what a shortage was. Toilet paper was gone from the shelves before it was even able to be stocked in stores. In 2021, there are some new shortages the U.S. is facing: microchips, cars, and babies. The Indicator discusses the causes of the limited supply of microchips which in turn is limiting car production, as well as the declining birth rate that the U.S. will face as a result of the pandemic.
Original Air Date: March 12, 2021
Length: 9 minutes 33 seconds
Link: https://www.marketplace.org/shows/marketplace/goldman-sachs-to-invest-10-billion-in-black-women/
The COVID-19 pandemic has disproportionately affected black women, not only in growing unemployment rates but also in increased death rates. Goldman Sachs has committed to $10 billion going toward expanding economic opportunities for black women, having found that a black woman’s wealth is 90% lower than a white man’s, in addition to the struggles the pandemic has presented for the black community. This episode of Marketplace also discusses how restaurants will benefit from the relief package and why grocery stores are making investments into robots.
Original Air Date: March 12, 2021
Length: 28 minutes 34 seconds
Link: https://www.economist.com/podcasts/2021/03/18/how-can-successful-women-help-their-successors-through-the-glass-ceiling
With the passing of one year mark for the COVID-19 pandemic, we are seeing record numbers of women leaving the workforce. Looking toward the future, women in senior positions want to make sure that the advancements that women have made in the workforce do not regress. Anne McElvoy, of the Economist talks with Joanna Coles, CEO of Northern Star Investments and former chief content officer of Hearst magazines, and Melora Hardin star of “The Bold Type” and “The Office” about how executive women are portrayed in media. They also discuss how limited work-life balance and discrimination that women face affect their day to day lives. The discussion encompasses many issues that women have continued to endure, which is very important as we continue to move through International Women’s Month.
Original Air Date: March 18, 2021
Length: 30 minutes 38 seconds
Link: https://www.npr.org/2021/02/26/971873769/empty-houses-reclaimed
Housing insecurity is a major issue that is facing our nation especially in a pandemic with millions out of jobs. As a result of this people have began taking their living situation into their own hands. A group in California who call themselves the “Reclaimers” decided to break into and reclaim vacant houses owned by the state. State officials decided to not evict any of these new tenets but instead leased the properties out to the housing authority, which allowed for the homes to be part of a transitional housing program. Sasha Atkins, one of the “Reclaimers”, discusses how housing insecurity could be lessened greatly if more states employed programs like the one put forth in California.
Original Air Date: March 1, 2021
Length: 9 minutes and 49 seconds
Link: https://www.marketplace.org/shows/marketplace/an-uneven-vaccine-rollout-means-an-uneven-economic-recovery/
As vaccines begin to roll out there will be disparities between cities, states, and countries due to the fact that there are not enough vaccines to give out at once. The time differences between areas will have lasting effects on how economic growth takes place. This episode of Marketplace also discusses other issues facing the U.S. such as the number of women in the workforce and the terrible effects of gun-violence on children.
Original Air Date: April 5, 2021
Length: 27 minutes 29 seconds
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