this post authored by Ruchi Avtar, Rajashri Chakrabarti, Maxim Pinkovskiy, and Giorgio Topa
This post is the first in a two-part series that seeks to understand whether consumer spending patterns during the COVID-19 pandemic evolved differentially across counties by race and income. As the pandemic hit and social distancing restrictions were put into place in March 2020, consumer spending plummeted. Subsequently, as social distancing restrictions began to be relaxed later in spring 2020, consumer spending started to rebound.
We find that higher-income counties had a considerably steeper decline and a shallower recovery than low-income counties did. The differences by race were also sizeable as the pandemic struck but became considerably more muted after summer of 2020. The decline and the recovery until the end of summer were sharper for majority-minority (MM) than majority nonminority (MNM) counties, while both sets of counties showed similar growth in spending after that. The s
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With help from Myah Ward and Joanne Kenen
DOCTORS RECOMMEND RESPONSIBLY GOING VIRAL Short-video platform TikTok boomed during the pandemic. Even if you don’t use the app, you’re familiar with the videos: Unescapable dance trends, memes that have become lexicon and videos that capture a moment and then change the world.
by Graham Peebles / May 13th, 2021
In what feels like a throwback to another era, banks and big business are once again talking about ‘growth’, and economic development. Both of which amount to the same thing to the men and women of money – profit.
After over a year of utter turmoil, death, illness, heartache, social and economic lockdowns, some nations – the wealthy nations who, unlike poor countries, have been able to stock-pile vaccinations and immunize their populations, are opening up. The impact Covid has had on their coffers has been measured and, as the twisted wheels of consumerism begin to churn again, they are evaluating their short term financial prospects and working out how much richer they can become.
When they were putting together their new book, Crisis Lawyering: Effective Legal Advocacy in Emergency Situations, editors Ray Brescia and Eric K. Stern didn t know that the world would soon be gripped by a pandemic. But they knew that being ready for crises large or small could benefit lawyers.