Hong Kong News

A whole world on a single island
Saturday, Sep 19, 2020

How the coronavirus pandemic affects the world's working poor | COVID-19 Special

The coornavirus pandemic affects everyone. The global economy is in a state of paralysis. Business are closed, production has ground to a halt.
In many western countries governments are dishing out generous aid packages to business owners, freelancers and companies in need.
But while rich countries can cushion the economic fallout from the crisis, others stare into an abyss. In many developing and emerging economies the corona crisis hits people with full force.

As a result, UN Secretary General Antonio Guterres has urged rich countries to do more for those that are less prepared. Otherwise, he warned, we face the nightmare of the disease spreading like wildfire in develping nations with millions of deaths.
Newsletter

Quote of the Day

In the late 1930s, the Federal Reserve Board refused to admit it was a government institution. So Patman convinced the District of Columbia’s government to threaten foreclosure of all Federal Reserve Board property; the Board quickly produced evidence that it was indeed part of the federal government.

Matt Stoller
Related Articles

Hong Kong News
×