Global cases have grown by over 100,000 since yesterday for a total of over 2.8 million. The US has over 923,000 cases, up from 700,000 one week ago. Cases in the US have grown by over 223,000 in the last week.
Are we facing another Great Depression? We have the makings for a depression equal to or worse than we’ve faced in the past. GDP is on the decline in virtually every country. The Federal Reserve is working overtime to keep banks solvent (and so far succeeding). This economic downturn could last a long time. Another fact to contemplate is that over 26 million Americans have lost their jobs in the last 5 weeks.
More vaccine safety trials—this time for brave volunteers in the UK:
Coronavirus: First patients injected in UK vaccine trial https://t.co/MlbSFBX0Em
— Jeremy Farrar (@JeremyFarrar) April 23, 2020
The Jenner Institute at the University of Oxford is confident that they can get their vaccine through efficacy trials in the next 5 months. Efficacy trials typically follow safety trials.
Food supplies are said to be stabilizing in grocery stores. Good luck finding hand sanitizer, though. Stay alert, readers, because as we’ve noted previously meat products might start getting scarce in May. And just to prove the point, another meat plant is shuttered.
Texas is running out of unemployment funds. Employers may see unemployment tax hikes down the line to fill the gap. California and New York are also running on fumes.
I consider myself a resilient person, but if coffee goes, all bets are off. Coffee prices are on the rise:
#coffee prices spike as #consumers hoard during virus outbreak https://t.co/8tdtGxx9BU: 2020-04-23 Food Dive: Ingredients [issue:26960]&utm_term=Food Dive: Ingredients via @FoodDive pic.twitter.com/rNduOzBk8i
— Witzshared – The Blog (@witzshared) April 24, 2020
There have been over 10,000 deaths linked to Long Term Care Facilities in the US:
Over 10,000 deaths have already occurred in long-term care facilities. https://t.co/Mft2Zpe35U
— Josh Michaud (@joshmich) April 24, 2020
Many beaches are open in Orange County, California. Over 9,000 beach-goers milled about in Huntington Beach on Thursday. Los Angeles County officials urge residents not to travel to other counties to visit the beach over the weekend. With very warm temperatures expected, Orange County beaches are likely to fill up repeatedly.
There are few places to store unwanted crude oil. Because oil demand has collapsed during the pandemic, 27 oil tankers are now parked off the Southern California coast:
The #USCG is closely monitoring the increased presence of tanker vessels anchored off the coast of Southern California. pic.twitter.com/i6HuX6wxgn
— USCG Southern California (@USCGSoCal) April 24, 2020
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