Month: September 2020

State health leaders hammered home warnings at the start of September that the COVID-19 pandemic was not nearly over despite a low daily death count and a relatively stable number of hospitalizations. The days went on, hospitalizations dipped and new case counts moderated, offering some hope the trends would continue. Now, though, with some 2,200 cases reported over the weekend and another 900 on Monday, Minnesota appears to be back on an upswing it does not want. As of Monday, the state showed 6,799 active, confirmed cases, the highest daily number recorded in the outbreak and far higher than the seven-day average of 5,596. “We have seen a high count of new cases in recent days” that can’t be attributed to a testing results backlog Kris Ehresmann, the state’s infectious disease direct...

Ex-Goldman economist Jim O’Neill says China’s economy ‘well on the way’ to recover British economist Jim O'Neill told CNBC that China is "well on the way" to recover from the economic fallout of the pandemic.  He pointed to the latest Chinese consumer spending numbers as a sign of accelerating recovery in the world's second-largest economy. China's retail sales for August rose 0.5% from a year ago — the first positive report for 2020 so far.  O'Neill — who is also credited with coining the term BRIC to represent the emerging economies of Brazil, Russia, India and China — said the first three countries are "considerably behind" in their road to recovery. They will likely see a V-shaped rebound partially in the third quarter of 2020 and more so in the fourth quarter, he sai...

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The U.S. passed yet another "grim milestone" in its COVID-19 pandemic Monday night, Reuters notes, with at least 200,000 Americans dead from the new coronavirus and an average of nearly 1,000 more dying each day. As "the country blew past estimate after estimate" of COVID-19 deaths, Politico's pandemic newsletter said Monday night, "the term 'grim milestone' in headlines became so routine that we banned it." COVID-19 deaths are rising again in the U.S. after a four-week decline, with Texas and Florida leading the news fatalities, Reuters reports, and the University of Washington's Institute for Health Metrics and Evaluation now predicts 300,000 deaths by Dec. 9 and 378,000 by the end of 2020 if current trends continue. The IHME's first projection of U.S. coronavirus deaths, issued March 1...