This lockdown will end eventually. What we see when it does will be a graveyard of businesses.
With no good choices, Governor Cuomo of New York made what will turn out to be a great strategic decision: he volunteered his home state to be the epicenter of COVID in the US.
"We’ve never experienced something like this."
Leadership is like porn. It may take different forms, but you know it when you see it.
Suppression would include mandatory state-enforced quarantines, widespread school and business closures, and country-wide social distancing.
The stock market is not the economy, but the warning lights are flashing red.
We can live in a parallel universe of our making – largely online, where we can selectively hear, believe, and repeat – or we can live in the real world. But we cannot do both.
Revitalized national economies, Marshall correctly believed, would underpin political stability and peace. From the ashes of war and misery, American dollars would seed the rise of friends and foes alike. It worked.
85,00+ confirmed cases. 2900+ confirmed deaths.
Starting in the 1980s, US firms provided the logistical, financial, legal, and technological infrastructure to an increasingly wired, interconnected world. Much of this advance would be what we now call innovation. And it delivered staggering results.
Lowering taxes, the argument goes, allows businesses to invest, innovate, and grow. Logically, it makes sense. But is it true?
The United States currently has 50 million vehicles with internet connectivity. The number of wired vehicles in the US is increasing by nearly 40% every year. All are susceptible to cyberattacks.