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Boris Is Worried Lockdown Has Gone Too Far, but Only He Can End It
The British government had asked Britons to stay at home, but Fraser Nelson writes in The Telegraph that government modelers did not expect such obedience: they expected workers to carry on and at least a million pupils to be left in school by parents. The deaths caused by COVID-19 are shocking, he writes, but so, too, are the effects of the lockdown. “Work is being done to add it all up and produce a figure for ‘avoidable deaths’ that could, in the long-term, be caused by lockdown. I’m told the early attempts have produced a figure of 150,000, far greater than those expected to die of COVID.” The decision about when and how to reopen the economy is a tough call to make, but “it’s a decision that will be better made sooner rather than later,” Nelson writes.
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Acute & Chronic Economic Considerations of COVID-19
Just as the high probability of a pandemic was foreseen so, too, were the economic effects of such an event. COVID-19 is no black swan, nor is it an event for which we were not given warning shots. In the last three years, the U.S. intelligence community, the Council of Economic Advisers, the Department of Homeland Security, among other government agencies, specifically and in disturbing detail warned of the grave risk a pandemic would pose to U.S. health and economic wellbeing – with the U.S. intelligence community specifically warning of a “novel strain of a virulent microbe that is easily transmissible between humans continues to be a major threat,” and listed pathogens H5N1 and H7N9 influenza and MERS-CoV as potential culprits. Even as we weather COVID-19, the questions remain as to when, not if, the next infectious disease will emerge. We were unprepared for COVID-19, but, hopefully, we will learn a few lessons from it. Specifically, to better prepare for the next pandemic, we need a plan to sustain our economy at the individual, household, and firm levels so that we are not forced to shut down, accrue more debt, and, perhaps, never recover from the economic losses the outbreak causes.
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Sandia Stimulates Marketplace Recovery with Free Technology Licenses
Sandia National Laboratories has announced a new, fast-track licensing program to rapidly deploy technology to a marketplace reeling from the effects of COVID-19. The move is designed to support businesses facing widespread, often technical challenges resulting from the pandemic.
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The Economic Recovery Won’t Only Be U-Shaped – It’ll Look Like a Wheelbarrow
The economic effects of the coronavirus crisis will be severe but short-lived, according to much of the recent commentary. The cautious revival in stock markets points in the same direction, while recent polling suggests that 75 percent of business people share this view. Most of them expect economic activity to rebound this year. We hope that this optimism is correct, but the economic recovery will most likely be long and slow. We are talking U-shaped at best – and probably more like a wheelbarrow than a wok.
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The Data Speak: Stronger Pandemic Response Yields Better Economic Recovery
With much of the U.S. in shutdown mode to limit the spread of the COVID-19 disease, a debate has sprung up about when the country might “reopen” commerce, to limit economic fallout from the pandemic. But as a new study co-authored by an MIT economist shows, taking care of public health first is precisely what generates a stronger economic rebound later. His study of the 1918 flu pandemic shows U.S. cities which responded more aggressively in health terms also had better economic rebounds.
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Online Economic Decision Tool to Help Communities Plan for Disaster
Preparing a community’s buildings and infrastructure for a hurricane or earthquake can be an incredibly complicated and costly endeavor. A new online tool from NIST could streamline this process and help decision makers invest in cost-effective measures to improve their community’s ability to mitigate, adapt to and recover from hazardous events.
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Building a Flood Resilient Future
Seven of the United Kingdom’s ten wettest years on record have occurred since 1998. Its wettest winter in history came in 2013, and the next wettest in 2015. In a single week in November 2019, 400 homes were flooded and 1,200 properties evacuated in northern England. The frequency and severity of these events is expected to increase as a result of climate change, meaning that many more communities will suffer their devastating effects. A new book shows how we can adapt the built and natural environment to be more flood resilient in the face of climate change.
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From Bush Fires to Terrorism: How Communities Become Resilient
The world has watched in sympathy as Australia has come to terms with the ravages of the worst bush fires on record. Communities have been devastated by this crisis, but many have shown incredible resilience in banding together to support one another through the harrowing experience. Challenges to communities come in many guises – social, political, economic, climatic, technological and cultural. Our study looked at ways of building community resilience in response to extreme events.
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Before We Rush to Rebuild after Fires, We Need to Think about Where and How
Public support for rebuilding in the same disaster affected places is often high. But as fire-fighting agencies are aware, our bushfires are increasing in size, intensity and duration, and a warming climate will continue to worsen these factors. We need to start being more strategic about where we rebuild homes and facilities lost to fire, and how.
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ResponderCQ Measures Disaster Resilience, Response Capabilities
Disaster response has dominated headlines for years, and technologies to enhance disaster response capabilities are rapidly emerging. Now, a new global dialogue is centering on resilience—how we not only come together to help communities quickly recover, and even thrive, post-disaster, but how we strengthen their defenses against future threats. DHS S&T funded the development of guidance and tools to help communities measure their “Capability Quotient (CQ),” which is the readiness to respond to risk and to respond to disruptions of any kind.
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Comparing Floodplain Protection Today to Predicted Future Flood Losses
A new study seeks to answer an important question related to flooding in the United States – pay now to protect undeveloped areas that are likely to flood in the future or allow developments to go ahead and pay for damage when it occurs.
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Why White Island Erupted and Why There Was No Warning
White Island is one of several volcanoes in New Zealand that can produce sudden explosive eruptions at any time. In this case, magma is shallow, and the heat and gases affect surface and ground water to form vigorous hydrothermal systems. In these, water is trapped in pores of rocks in a super-heated state. Any external process, such as an earthquake, gas input from below, or even a change in the lake water level can tip this delicate balance and release the pressure on the hot and trapped water. The resulting steam-driven eruption, also called a hydrothermal or phreatic eruption, can happen suddenly and with little to no warning.
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Prayers May Crowd Out Donations for Disaster Victims
People who offer prayers for victims of natural disasters may be less likely to donate to those victims, according to research. “The results suggest that the act of praying is a substitute for material help — in other words, prayers crowd out donations, at least in some contexts,” Professor Linda Thunstrom says.
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Bans on Rebuilding in Disaster-Prone Areas Ignore Homeowners Preferences – Raising Costs Works Better
As California’s wildfire season intensifies, a growing number of residents in the state want to ban people from building in areas at greatest risk. That’s because taxpayers bear the burden of protecting homes in dangerous areas when fire breaks out – and they often help foot the bill when it’s time to rebuild. A recent assessment showed that 1 in 4 Californians live in an area at “high risk” of wildfire. And people tend to want to rebuild in the same spot that was hit by a disaster. Alexander Smith writes that as a behavioral economist who studies the psychology of decision-making, he tries to understand people’s motivations before taking a position in a policy debate. He believes there’s a better way for policymakers to achieve the same goal of getting people to avoid building in disaster-prone areas without forcing people from their homes.
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Helping an Iowa Town Recover from Tornado Through Research, Outreach
In the months following the tornado which hit Marshalltown, Iowa, faculty and students in Iowa State University’s sustainable environments interdisciplinary graduate program examined the housing recovery experience of different groups of Marshalltown residents. The goal is to finalize a toolkit that communities can use to examine social and economic challenges that exacerbate a disaster’s damage and slow recovery efforts.
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