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If you follow the money, where does it lead?

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Broad money growth is shooting up in advanced economies.
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Covid-19 Risk Level by State/County

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COVID Risk Level Map and COVID Suppression Guidance

Source: Pandemics Explained

 

 

How severe is the pandemic where you live? Browse the COVID Risk Levels Dashboard It was created by a stellar group of medical professionals: Harvard Global Health Institute, Harvard’s Edmond J. Safra Center for Ethics, Rockefeller Foundation, CovidActNow, Covid-Local, CIDRAP and others:

“To help cut through the noise and sometimes conflicting advice, a network of research, policy and public health experts convened by Harvard’s Global Health Institute and Edmond J. Safra Center for Ethics today launches a Key Metrics For COVID Suppression framework that provides clear, accessible guidance to policy makers and the public on how to target and suppress COVID-19 more effectively across the nation.”

Its another good resource for quantitative data for anyone who wants to do a more granular dive into the specifics of local infection rates and responses.

 

Hat tip Tadas!

The post Covid-19 Risk Level by State/County appeared first on The Big Picture.

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Kai-Fu Lee Gives AI a B-Minus Grade in the Covid-19 Fight

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Robots and computer programs can help with social distancing and food delivery, but have been less helpful in developing a vaccine.
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Everlasting pie chart

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Manuel Lima goes into the history of the pie chart, or rather, circle representations in general. Despite many people poo-pooing the chart type over the decades, it keeps hanging around:

We might think of the pie chart as a fairly recent invention, with arguably more flaws than benefits, in regards to the statistical portrayal of data. However, if we look deep into history we realize this popular chart is only a recent manifestation of an ancient visual motif that carried meaning to numerous civilizations over space and time. A graphical construct of radiating lines enclosed by a circle, this motif is also a powerful perceptual recipe. If we look deep into ourselves we uncover a strong proclivity for such a visual pattern, despite the final message it might carry. As one of the oldest archetypes of the circular diagram, the sectioned circle will certainly outlast all of us, and indifferent to criticism, I suspect, so will the pie chart.

Yep.

Lima wrote a whole book on the use of circles in information design, in case you’re feeling yourself drawn to the shape for some unexplained reason.

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Insurers Buy Bond ETFs Before Fed

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Use of exchange-traded funds continues to grow for insurance firms.

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Census: Household Pulse Survey shows 34.9% of Households Expect Loss in Income; 25.9% Concerned about Housing

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Note: The details in the pulse survey this week are concerning - especially about loss in income and concern about housing.

First, from @ernietedeschiHousehold Pulse Survey
The @uscensusbureau Household Pulse Survey, which performed admirably in anticipating the June jobs report, now shows employment has fallen by about 1.3 million cumulatively over the last 2 weeks.

Some of this may be seasonality or survey error, but it merits pause nonetheless.
This graph is from Ernie Tedeschi (former US Treasury economist).

Note: The question on lost income is always since March 13, 2020 - so this percentage will not decline.

From the Census Bureau: Measuring Household Experiences during the Coronavirus (COVID-19) Pandemic
The U.S. Census Bureau, in collaboration with five federal agencies, is in a unique position to produce data on the social and economic effects of COVID-19 on American households. The Household Pulse Survey is designed to deploy quickly and efficiently, collecting data to measure household experiences during the Coronavirus (COVID-19) pandemic. Data will be disseminated in near real-time to inform federal and state response and recovery planning.

Data collection for the Household Pulse Survey began on April 23, 2020. The Census Bureau will collect data for 90 days, and release data on a weekly basis.
This will be updated weekly, and the Census Bureau released the recent survey results last Wednesday. This survey asks about Loss in Employment Income, Expected Loss in Employment Income, Food Scarcity, Delayed Medical Care, Housing Insecurity and K-12 Educational Changes.

Household Pulse Survey Click on graph for larger image.

The data was collected between June 25 and June 30, 2020.

Definitions:

Loss in employment income: "Percentage of adults in households where someone had a loss in employment income since March 13, 2020."

This number is since March 13, and has increased slightly.

Expected Loss in Employment Income: "Percentage of adults who expect someone in their household to have a loss in employment income in the next 4 weeks."

34.9% of households expect a loss in income over the next 4 weeks.   This is down from 38.8% in late April, but up from 32% the previous (the previous week was the reference week for the BLS employment report).   This might suggest the job gains stalled after the data was collected for the June employment report.

Food Scarcity: Percentage of adults in households where there was either sometimes or often not enough to eat in the last 7 days.

About 10% of households report food scarcity.

Delayed Medical Care: "Percentage of adults who delayed getting medical care because of the COVID-19 pandemic in the last 4 weeks."

41.5% of households report they delayed medical care over the last 4 weeks. This has not declined.

Housing Insecurity: "Percentage of adults who missed last month’s rent or mortgage payment, or who have slight or no confidence that their household can pay next month’s rent or mortgage on time."

25.9% of households reported they missed last month's rent or mortgage payment (or little confidence in making this month's payment).  This has increased from a low of 22.1% in the survey of June 4th - June 9th.

Without an extension of the extra unemployment benefits (expires at the end of July), we will likely see a significant increase in housing stress.

K-12 Educational Changes: "Percentage of adults in households with children in public or private school, where classes were taught in a distance learning format, or changed in some other way."

Essentially all households with children are reporting were not being taught in a normal format.
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