COVID-19 Monitor

Last Updated:October 15, 2020

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COVID-19 cases continue to surge in Ontario and Quebec (CBC) Published on: September 27, 2020 | Category: Canadian Business

The Canada emergency response benefit (CERB) expires on Sunday, ending the income support program the federal government rolled out during the COVID-19 pandemic to help people with payouts of up to $2,000 a month.
The government says about 8.8 million Canadians have received the benefit since April.
The New Democrats and the governing Liberals reached a deal on Saturday that delivers two weeks of paid sick leave for people affected by the pandemic under the Canada recovery sickness benefit.

Destruction of value in US real estate revealed (FT) Published on: September 27, 2020 | Category: Economic Impact

Commercial properties in difficulty are being valued at less than 75% previous level, appraisal data show.
Properties that have gotten into trouble are being written down by 27 per cent on average, data from Wells Fargo shows.
Recent examples show hotels being especially hard hit, given the collapse in tourism and business travel. A Crowne Plaza hotel in Houston was valued at $25.9m this month, down 46 per cent from when it was bundled into a CMBS deal in 2014.

Pandemic Will ‘Take Our Women 10 Years Back’ in the Workplace (NY Times) Published on: September 26, 2020 | Category: Leadership

Workplaces already tend to penalize women who choose to work fewer hours or need more flexibility, and that, too, is proving to be exacerbated in the pandemic.
“The first impact is that the unemployment rate is growing faster for women than for men,” said Liora Bowers, the author of the Taub Center report.
Women already held more precarious positions in the work force — working fewer hours, for less money, with shorter tenures and in lower-ranking jobs than men.

The long-term pain of the mental health pandemic (Axios) Published on: September 26, 2020 | Category: Global Response

A less visible but still massive trauma caused by the coronavirus is becoming clear: our mental health is suffering with potentially long-lasting consequences.
During the early stages of the COVID-19 pandemic in the U.S., there were significant increases in acute stress and depressive symptoms, according to a study published earlier this week in Science Advances.
A deep body of scientific research shows that experiencing collective traumas like a mass shooting or a natural disaster can lead to lasting mental health damage. But what sets the pandemic apart is its global scope and its sheer length.

Costco Grows E-Commerce Sales by 91% (Born Digital) Published on: September 26, 2020 | Category: Economic Impact, Global Response

Despite below-forecast earnings, Costco reported huge digital growth, with digital sales growing by 91% over the last quarter, and 102% last month alone.
Online grocery sales grew by “several hundred percent” according to CFO Richard Galanti.
In addition, Costco has benefitted from consumer spending habits that, during the pandemic, have shifted towards categories such as home improvement and grocery over travel and dining out.
Shoppers, Galanti said, “seem to have redirected at least some of those dollars to categories like lawn and garden, furniture and mattresses, exercise equipment, bicycles, housewares, cookware … and the like.”

U.S. Durable-Goods Orders Rise for Fourth Straight Month (WSJ) Published on: September 25, 2020 | Category: Economic Impact

Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry’s continued recovery from coronavirus pandemic-related disruptions.
Andrew Hunter, senior U.S. economist at Capital Economics, said the report showed that “business equipment investment staged a V-shaped rebound in the third quarter.”
Weakness in motor-vehicle, commercial-aircraft and defense orders weighed on overall gains.

Will COVID-19 kill the holiday shopping season? (CBS News) Published on: September 25, 2020 | Category: Global Response

Savings from reduced spending on restaurants, travel and other experiences that consumers currently deem unsafe due to the coronavirus could also help buoy gift-giving, Deloitte noted.
Pushing seasonal demand earlier to October could be the best way to save the holiday for consumers and retailers alike, according to Deborah Weinswig, founder and CEO of Coresight research, a retail and technology research firm.
“We are going to be incredibly challenged to get product to consumers this holiday season if we are on a traditional calendar,” Weinswig said.

Virus’s unseen hot zone: The American farm (Washington Post) Published on: September 25, 2020 | Category: Global Response

Across the country, fruit growers blocked testing of seasonal farmworkers and told those who caught the coronavirus to keep it quiet.
At the same time, state agencies and growers were slow to determine how and when to test workers, what protocols to adopt when workers tested positive, and how to institute contact tracing, advocates say.
Worker advocates say the failures put millions of workers at greater risk of contracting and spreading the virus among themselves and to other Americans as they crossed state lines to move with the harvest season.

Covid-19 has reversed years of gains in the war on poverty (The Economist) Published on: September 25, 2020 | Category: Economic Impact

Governments in rich countries have spent over 10% of gdp to ease the economic pain.
The IMF and World Bank have raised lending, but only 31% more of the bank’s money has reached poor countries, says the Centre for Global Development, a think-tank, about half the increase in the global financial crisis, a much smaller shock.
The best way to help the poor is to give them money directly. The simplicity of this policy makes it less vulnerable to corruption.

Who’s really at fault for campus coronavirus outbreaks? (The Week) Published on: September 25, 2020 | Category: Leadership

The campus COVID crisis is largely a problem caused, or at the very least abetted, by school administrators.
And it further reveals an issue that those of us involved in the academy have known for some time: The folks who claim to be our society’s foremost vendors of leadership are often glaringly devoid of it themselves.
By choosing to reopen for in-person or even hybrid models of teaching, as so many schools have done, college presidents and administrators willingly joined our broader culture’s dangerous charade of normalcy.

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