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  1. kalenjin shared this story from FT Alphaville.

    Broad money growth is shooting up in advanced economies.
  2. kalenjin shared this story from The Big Picture.

    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.

  3. kalenjin shared this story from Feed: All Latest.

    Robots and computer programs can help with social distancing and food delivery, but have been less helpful in developing a vaccine.
  4. kalenjin shared this story from FlowingData.

    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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  5. kalenjin shared this story from ETF.com.

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

  6. kalenjin shared this story from Calculated Risk.

    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.
  7. kalenjin shared this story from Quartz.

    The past few months have seen a wave of companies speaking out on social issues and injustice. They’ve flocked to social media to condemn racism in solidarity with the protests against police killings of Black Americans. They’ve pledged to halt advertising on Facebook through July to rebuke the social media giant for its role in enabling hate speech online. Some have pressured the NFL’s Washington Redskins to change its name, which they call disrespectful to indigenous Americans.

    But there’s an escalating human rights crisis where companies have remained silent. Despite China’s recent move to assert its authority over Hong Kong, along with the substantial evidence that China has pressed much of its Uighur ethnic minority into detention camps where they’re subject to forced labor, companies have generally not criticized China publicly. The situation shows the limits of what businesses will risk in the name of values.

    “They are inconsistent,” said Surya Deva, associate professor of law at City University of Hong Kong and a member of the UN Working Group on Business and Human Rights. “This unprincipled approach, in my view, is problematic.”

    Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

  8. kalenjin shared this story from Visual Capitalist.

    No matter where in the world you log in from—Silicon Valley, London, and beyond—COVID-19 has triggered a mass exodus from traditional office life. Now that the lucky among us have settled into remote work, many are left wondering if this massive, inadvertent work-from-home experiment will change work for good.

    In the following charts, we feature data from a comprehensive survey conducted by UK-based startup network Founders Forum, in which hundreds of founders and their teams revealed their experiences of remote work and their plans for a post-pandemic future.

    While the future remains a blank page, it’s clear that hundreds of startups have no plans to hit backspace on remote work.

    Who’s Talking

    Based primarily in the UK, almost half of the survey participants were founders, and nearly a quarter were managers below the C-suite.

    Prior to pandemic-related lockdowns, 94% of those surveyed had worked from an external office. Despite their brick-and-mortar setup, more than 90% were able to accomplish the majority of their work remotely.

    Gen X and Millennials made up most of the survey contingent, with nearly 80% of respondents with ages between 26-50, and 40% in the 31-40 age bracket.

    Founders Forum Remote Work Survey

    From improved work-life balance and productivity levels to reduced formal teamwork, these entrepreneurs flagged some bold truths about what’s working and what’s not.

    Founders With A Remote Vision

    If history has taught us anything, it’s that world events have the potential to cause permanent mass change, like 9/11’s lasting impact on airport security.

    Although most survey respondents had plans to be back in the office within six months, those startups are rethinking their remote work policies as a direct result of COVID-19.

    How might that play out in a post-pandemic world?

    Based on the startup responses, a realistic post-pandemic work scenario could involve 3 to 5 days of remote work a week, with a couple dedicated in-office days for the entire team.

    Founders Forum Future of Remote Work Perspectives

    Upwards of 92% of respondents said they wanted the option to work from home in some capacity.

    It’s important to stay open to learning and experimenting with new ways of working. The current pandemic has only accelerated this process. We’ll see the other side of this crisis, and I’m confident it will be brighter.

    — Evgeny Shadchnev, CEO, Makers Academy

    Productivity Scales at Home

    Working from home hasn’t slowed down these startups—in fact, it may have improved overall productivity in many cases.

    More than half of the respondents were more productive from home, and 55% also reported working longer hours.

    Founders Forum Remote Work Productivity

    Blurred lines, however, raised some concerns.

    From chores and rowdy children to extended hours, working from home often makes it difficult to compartmentalize. As a result, employers and employees may have to draw firmer lines between work and home in their remote policies, especially in the long term.

    Although the benefits appear to outweigh the concerns, these issues pose important questions about our increasingly remote future.

    Teams Reveal Some Intel

    To uncover some work-from-home easter eggs (“Better for exercise. MUCH more pleasant environment”), we grouped nearly 400 open-ended questions according to sentiment and revealed some interesting patterns.

    From serendipitous encounters and beers with colleagues to more formal teamwork, an overwhelming number of the respondents missed the camaraderie of team interactions.

    Founders Forum Remote Entrepreneurs

    It was clear startups did not miss the hours spent commuting every day. During the pandemic, those hours have been replaced by family time, work, or other activities like cooking healthy meals and working out.

    Remote working has been great for getting us through lockdown—but truly creative work needs the magic of face to face interaction, not endless Zoom calls. Without the serendipity and chemistry of real-world encounters, the world will be a far less creative place.

    — Rohan Silva, CEO, Second Home

    The Future Looks Remote

    This pandemic has delivered a new normal that’s simultaneously challenging and revealing. For now, it looks like a new way of working is being coded into our collective software.

    What becomes of the beloved open-office plan in a pandemic-prepped world remains to be seen, but if these startups are any indication, work-life may have changed for good.

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    The post The Future of Remote Work, According to Startups appeared first on Visual Capitalist.

  9. kalenjin shared this story from NYT > The Upshot.

    Mount Ida College in Newton, Mass., in 2018, the year the college closed because of financial troubles. In the wake of the pandemic, many private colleges may share its fate.

  10. kalenjin shared this story from NYT > The Upshot.

    Mount Ida College in Newton, Mass., in 2018, the year the college closed because of financial troubles. In the wake of the pandemic, many private colleges may share its fate.