BREAKING NEWS |
U.S. economic output fell 9.5 percent in the second quarter, the biggest drop on record. That translates to a 32.9 percent annual rate of decline. |
Thursday, July 30, 2020 8:35 AM EST |
The collapse was unprecedented in its speed and breathtaking in its severity. The only possible comparisons in modern American history came during the Great Depression and the demobilization after World War II, both of which occurred before the advent of modern economic statistics.
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"Darwin was the first to use data from nature to convince people that evolution is true, and his idea of natural selection was truly novel. It testifies to his genius that the concept of natural theology, accepted by most educated Westerners before 1859, was vanquished within only a few years by a single five-hundred-page book. On the Origin of Species turned the mysteries of life's diversity from mythology into genuine science." -- Jerry Coyne
Thursday, July 30, 2020
New York Times article about America's fucked up economy. This is not my problem. My income is very safe and I will never have to work again. Some Americans are in big trouble. They could become homeless and they might have problems buying food.
Labels:
2020/07 JULY,
economy,
New York Times,
United States
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