Here is a sample of headlines from today’s newspapers:
–“Jobless Claims Top 17 Million in Past Month”
–“America’s Largest Bank Prepares for A Massive Round of Defaults”
–“Goldman: Downturn Will Be Four Times Worse Than Housing Crisis”
–“Next Wave of Layoffs Hit Staffers Working At Home As Sales Plunge”
–“Second Round of Layoffs Has Begun. No One Is Safe”
–“Mayo Clinic forced to cut $1.5 B in pay, as it projects $3 B in losses
–“Shutdown Could Kill More Americans Than Covid-19”
–“Government Mandated Shutdowns Are “Going to Kill Small Town America”
–“US GDP Projected to Fall 6% in 2020”
As we continue to battle this pandemic, we must soon start to ask the question about the balance between trying to protect against health impacts and economic devastation, which at some point becomes just as critical to people’s lives.
