Governments don’t always consider how economic shocks impact women and men differently.
When the 2008 recession hit, few asked how stimulus measures would affect women compared with men. That approach won’t work for the Covid-19 crisis trib.al/Zk3P4ng
Latin American women were 50% more likely than men to lose a job in the pandemic’s first months.
Women tend to be heavily employed in vulnerable sectors such as:
🛍️Retail
🍽️Restaurants
🛎️Hospitality
They also often work in informal jobs that lack paid sick leave or unemployment insurance. When jobs disappear, women have no safety net to fall back on trib.al/Zk3P4ng
Because economically marginalized women are less likely to have formal identification or own a phone, they’re often invisible to governments.
Countries should accelerate the digitization of government IDs, payment platforms and other critical services trib.al/Zk3P4ng
While over 200 countries have developed social-protection measures in response to Covid-19, many have struggled to deliver aid to informal workers.
Advanced digital systems can help identify women in need so they can receive cash quickly and securely trib.al/Zk3P4ng
Direct cash transfers targeted to women in these countries have already offered millions of women safer access to and increased control over funds:
In economies with the strictest pandemic lockdowns, women-owned companies were 10 percentage points more likely to close than those owned by men.
Closing gender gaps in entrepreneurship would help reduce poverty, create jobs, and spur innovation trib.al/Zk3P4ng
Employees, too, require multiple forms of support by the public and private sectors:
🚌Safe public transport
🚫Anti-discrimination laws
👩👦Family-leave policies
🍼Quality childcare trib.al/Zk3P4ng
📝Governments also must commit to ensuring a strong education for girls.
Even before the pandemic, the world faced a learning crisis: Over 50% of 10-year-olds in schools across low- and middle-income countries could not read and understand a basic text trib.al/Zk3P4ng
The pandemic has made things worse.
Globally, more than 800 million students remain out of school and many poor students have no access to remote tools. In sub-Saharan Africa, as many as 45% of children are disconnected trib.al/Zk3P4ng
Girls face additional challenges to remote learning.
If there is only one phone per household, for example, it is likely to be used by boys rather than girls, while a heavier burden of domestic work prohibits access to instruction for many girls trib.al/Zk3P4ng
As students return to school, countries need to ensure that both girls and boys reengage with the learning process.
That will require investing in hybrid schemes that mix remote and in-person learning trib.al/Zk3P4ng
With the right policies, countries can rebuild stronger and more inclusively.
As countries respond to the biggest challenge of our generation, they should view women as central builders of a stronger, post-Covid world trib.al/Zk3P4ng
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The Covid-19 housing boom is even bigger than we Imagined.
The latest data on household finances shows the extent to which record-low mortgage rates and surging home prices turbocharged the economic recovery trib.al/5FJjtRb
Each quarter, the Federal Reserve Bank of New York releases a report on household debt and credit. Its strategists decided to dig deeper into:
🏡Mortgage originations
🏡The types of buyers during Covid
🏡Those who take out cash against their home equity trib.al/5FJjtRb
While much of what they found confirms many of the narratives about the housing market, it’s the sheer magnitude of the move that’s breathtaking.
It puts into context where the economy stands almost one year after the coronavirus crisis began in the U.S. trib.al/5FJjtRb
It’s been about a year since the early coronavirus alarms were raised, and despite a decline in infections, fears are rising.
New Covid-19 variants are making pessimists worry that an even bigger wave may be coming trib.al/zy0fj0N
It’s true that the virus is mutating in ways more profound than biologists anticipated last summer.
But new research suggests that there may be limits to how many tricks Covid-19 has up its sleeve — and that may make it easier for vaccines to keep up trib.al/zy0fj0N
If scientists have been blindsided by the variants, it’s because they hadn’t realized that this virus tends to mutate in a way that’s distinct from influenza or HIV.
Covid-19 has a talent for shape-shifting by dropping pieces of its genetic code trib.al/zy0fj0N
With vaccination campaigns underway around the world, governments everywhere are about to face the same ethical dilemma:
How to deal with people who’ve completed their immunisation program trib.al/yf2HQXo
The pressure to give back vaccinated folk’s full personal and social liberties, and to let them contribute in full to the economic recovery will be strong.
But states would be unwise to create different classes of citizens trib.al/yf2HQXo
At least 28 million citizens globally have received both jabs needed to be effective:
🇺🇸U.S. 14 million
🇪🇺EU 7.1 million
🇮🇱Israel 2.5 million
The world’s population is slightly less than 8 billion, so the proportion is tiny. But it will grow quickly trib.al/yf2HQXo
At the start of the pandemic, the virus threatened to shatter a key link in America’s previously unbreakable food chain: the meat industry trib.al/FAYnqIQ
But how exactly did we end up with empty supermarket meat cases?
These shortages were the result of Covid outbreaks at a handful of companies responsible for most of the country’s meat supply trib.al/FAYnqIQ
About 50 plants are responsible for processing 98% of the cattle in the U.S. Most of those plants are owned by just four companies:
🍗Tyson
🥩JBS
🥓Cargill
🍖National Beef Packing
Collectively they control 73% of the cattle-processing market trib.al/FAYnqIQ
Smell has long been our most underrated sense, writes @andreaskluth
Perhaps that’s why we know relatively little about it. Claire Hopkins, aka @SnotSurgeon, says the science of olfaction, compared to that of vision or hearing, is still in the Stone Age bloom.bg/2MUHjAx
Elon Musk’s endorsement of Dogecoin as “the people’s crypto” — cheered by Gene Simmons and Snoop Dogg — sent Reddit traders stampeding into the Shiba Inu-themed coin.
As a result, its price is up around 1,000% year-to-date, eclipsing Bitcoin’s rise trib.al/V3V0dwY
Musk, reveling in the social-media excitement and speculation, tweeted: “I am become meme, destroyer of shorts.”
Yet Bitcoiners have chided Musk for inciting a doomed punt: “You’ve actually become a destroyer of lives,” one tweeted trib.al/V3V0dwY
The wagging fingers have a point. Billy Markus developed three hours of code to build Dogecoin in 2013. He’s in disbelief:
“The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325,” said Mr. Markus, 38 years old trib.al/ZeMbWbd