Tag: economy

Coronavirus: mafia buys food for Italy’s poor to expand influence amid pandemic

Criminal organisations in Italy are distributing food and ordering interest-free lending to the needy to try to extend their influence, Italian anti-mafia author Roberto Saviano has warned.Italy’s mafia groups are also poised to snatch up struggling businesses as the country – which is in crisis over the deadly coronavirus pandemic – awaits European funding to boost its battered economy, he said.“If Europe doesn’t intervene soon the multiplication of mafioso money that’s already in Germany,…

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The US economy is crumbling. EU finally agrees aid package. And how to help safely from home.

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While updated projections lowered the national death estimate, New York’s projected deaths increased

• Victims' bodies could be buried on NY island • Why the US has so many deaths • Stay informed: The US economy is crumbling

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Trump tries to push fast-forward on the pandemic

A startling 6.6 million people filed their first claims for unemployment benefits last week, bringing the total for the past three weeks to 16.8 million people. That's about 11% of the US labor force -- a shocking number, given that unemployment was at a historic low until the pandemic erupted -- and a grim new indicator of the scope of damage the coronavirus has wreaked on the US economy.

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If the World Fails to Protect the Economy, COVID-19 will Damage Health Long into the Future

Economic crashes have dire consequences for public health, and we must prepare

-- Read more on ScientificAmerican.com

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