Weekend Leadership Reading: 4/10/20 ~ The Economic Impact of the COVID-19 Pandemic

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Weekends are time when things slow down a little. Your weekend shouldn’t be two more regular workdays. That’s a sure road to burnout. Take time to refresh yourself. Take time for something different. Take time for some of that reading you can’t find time for during the week.

Here are choice articles on hot leadership topics culled from the business schools, the business press and major consulting firms. This week there are articles about the economic consequences of COVID-19.

From Jim Tankersley: U.S. Is Nowhere Close to Reopening the Economy, Experts Say

“Here’s what economists say the United States needs to start returning to normal amid the coronavirus outbreak — and how the economy can survive in the meantime.”

From Mark Trumbull: Coronavirus and recession: How is this economic crisis different?

“The United States has been through both pandemics and recessions before. But while they offer some insights into what the coronavirus is doing to the economy, the current situation is unique.”

From Wharton: Will the $2.2 Trillion Coronavirus Aid Package Be Enough?

“The CARES Act that President Trump signed into law last Friday marks the fourth big effort to support the U.S. economy as it continues to reel from the impact of the coronavirus pandemic. It includes some $2.2 trillion in cash, loans, tax breaks and other incentives for individuals and families, small and big businesses, state and local governments, and health and education services, among others. It builds on a series of actions by the Federal Reserve, and two other relief bills Trump signed in March – one for $8.3 billion in emergency funding for mostly health and human services, and another for paid sick and family leave for affected employees or those caring for a sick child.”

From the London School of Economics: Comparing the coronavirus crisis to 2008 is inevitable, but they’re quite different

“The current crisis is exogenous, arriving from outside the financial system like an asteroid might hit earth, write Jon Danielsson, Robert Macrae, Dimitri Vayanos, and Jean-Pierre Zigrand”

From Edmund L. Andrews: The 1930s Depression Was ‘Great.’ This One Might Be Greater

“By any reckoning, the coronavirus pandemic will be at least a temporary body blow to the U.S. and global economies. The debate among forecasters is whether unemployment this summer will peak at 15%, which is much worse than after the 2008 financial crisis, or soar to new records above 30%.”

Speaking of the Great Depression. The photo at the head of the above article comes from one of the most powerful books I ever read, Let Us Now Praise Famous Men, by James Agee with photographs by Walker Evans.

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