Bumper harvests and healthy stockpiles coming into 2020 have helped the world dodge the worst of food-security worries triggered by the Covid-19 pandemic.
➡️Migrant laborers being kept home
➡️Children being shut out of school
➡️Workers losing jobs
The economic consequences in both emerging and developed markets will linger trib.al/7Xb1aoQ
Crippling food inflation has been averted this time, but there have been glimpses of panic:
🛒Empty supermarket shelves
🇻🇳Vietnam’s restrictions on rice
🇰🇿Kazakhstan’s restrictions on wheat and flour
🥩Infected slaughterhouses and meat-packing plants trib.al/7Xb1aoQ
The global system has, overall, proved remarkably resilient. But the pressures aren’t easing:
🌾Poor crop outlook thanks to unseasonable weather in the U.S. and droughts in Russia & South America
📈Inflation spikes in India, Pakistan & elsewhere trib.al/7Xb1aoQ
With lockdowns coming back as coronavirus cases surge in the northern hemisphere, global nutrition looks likely to get worse before it gets better: trib.al/7Xb1aoQ
More worrying is that while food production and stocks have remained sufficient, household budgets haven’t. Even before the pandemic, the world was hungry.
Close to 750 million of us, or nearly one in 10, didn’t have reliable access to sustenance in 2019 trib.al/7Xb1aoQ
Almost 690 million people were underfed in 2019 — up by 10 million from the previous year, and by nearly 60 million in five years.
The pandemic has made that pain more acute, and nowhere more so than in emerging markets trib.al/7Xb1aoQ
From Indonesia to Brazil, countries face a double burden with populations that are both underfed and overweight, thanks to cheap, widely available, ultra-processed food.
Simply, nutritious food is too costly for more than 3 billion people trib.al/7Xb1aoQ
The phenomenon isn’t confined to the least affluent countries.
In the U.S., food banks have seen a surge in demand, while in the U.K., soccer star @MarcusRashford has stepped in to campaign for free meals for children while schools were closed trib.al/7Xb1aoQ
The trouble with such widespread malnutrition is that the health and wider economic consequences persist.
There are costs to having citizens who are both underfed and overweight, not least due to associated illnesses such as diabetes trib.al/7Xb1aoQ
🇮🇩 In Indonesia, the World Bank has put the cost of having citizens who are both underfed and overweight at 2-3% of GDP.
Beyond the cost of hospital admissions, there’s the lost potential of children whose development is affected by a poor diet trib.al/7Xb1aoQ
Free meals for children are a good place to start. In Guatemala, Indonesia & Nigeria, the benefits of such projects outweigh the costs, thanks to:
It’s worth remarking how sensitive 2016 appeared to be to economic fluctuations vs. how seemingly irrelevant they are today. Instead, the swing this time seems to be dominated almost entirely by Covid-19 trib.al/wHFBHGr
After election day, there is a chance of constitutional chaos.
It could take the form of acute uncertainty, not only about who won the election but also about the process by which that question will be settled trib.al/sKzNZAb
We might have a perfect storm:
🗳️Close contests in key states
📬Issues with mail-in voting
🧐Allegations of voter suppression and fraud
🙅🏼♂️An incumbent who is unwilling to accept a loss trib.al/sKzNZAb
It is essential to understand that Nov. 3 is only the first of three defining days.
The second is Dec. 14, when members of the Electoral College cast their votes. The third is Jan. 6, 2021, when Congress meets in joint session to declare the winner trib.al/sKzNZAb
The perception of an Asian advantage often falls prey to essentialist thinking: that the East is doing things the West could never do, thanks to profound differences in values, politics and culture, writes @LionelRALaurent.
Trump loses but refuses to leave.
Biden loses but refuses to concede.
Absentee ballots aren’t counted.
The angry left takes to the streets.
The angry right takes to the streets.
Lawyers take to the courts. trib.al/IO736Nn
Into the pre-election turmoil comes a useful new analysis from the economists Michael Geruso and Dean Spears.
They warn of a significant chance that the presidential election could be swung by a few thousand disqualified ballots trib.al/IO736Nn
Their conclusion is stark:
"We find that it is much more likely under the Electoral College system than under a hypothetical National Popular Vote that the election outcome will be narrow enough to be reversible by judicial or administrative processes" trib.al/IO736Nn
At the start of 2020, @blsuth took an informal poll asking which CEO deserved more attention.
The result was almost unanimous: Mike Lamach of Trane Technologies trib.al/ioV9y3Q
📈The numbers show why: Since Lamach became CEO in 2010, the company’s market value has tripled to more than $30 billion.
During the pandemic, he was able to turn an air conditioning company into a juggernaut, all while keeping things sustainable twitter.com/i/broadcasts/1…
As the weather gets colder, the safety of indoor air is on a lot of people's minds.
What can companies or individuals do to make sure that their heating, ventilation, and air conditioning systems can be a tool in fighting the spread of infection? trib.al/ioV9y3Q