Moral Mentors: Sustainability and Corporate Responsibility in Era of Covid-19 and Black Lives Matter
Well before Nike or Starbucks was even a glimmer in the eye of their founders, a little-known economist sat down at his desk in the 1950s in America to write why he believed companies are obliged to be responsible citizens.
Last Friday the Federal Reserve published another week of data on the US commercial banks’ assets and liabilities, completing the month of May. Deposits rose by 0.2% in the week to 27th May, so that the sequence of weeks since the start of March is as given in the table below.
This article was originally published by Washington Monthly.
The Bureau of Labor Statistics (BLS) surprised the markets and most economists Friday with an announcement that the unemployment rate fell from 14.7 percent in April to 13.3 percent in May. President Donald Trump had the temerity to boast that George Floyd, the unarmed black man killed by a white police officer in Minneapolis, was “looking down from heaven” to admire those numbers. “This is a great day for him,” Trump said in the Rose Garden. “This is a great day for everybody.”
The field of behavioral finance studies the behavior of the investment markets. Similarly, the field of behavioral economics studies the behavior of the global economy and the numerous national, regional, and local economies.
But what of the field of behavioral accounting? How does it resemble the fields of behavioral finance and economics? And how does it differ?
April’s 14.7 percent unemployment rate, announced by the Labor Department last Friday, is awful by any standard. The official tally shows that unemployment increased by 15,938,000 people last month—to 23,078,000 overall—resulting in the highest jobless rate since the Great Depression.
“All Eyes on Asia”: The Geopolitical State of Affairs in Northeast Asia Amidst the COVID-19 Pandemic
Last month on April 10th, the Korea Society and the Japan Society hosted a virtual talk titled “Geopolitics of Coronavirus: Japan and Korea,” moderated by Dr. Joshua Walker from the Japan Society. The two main speakers, Dr. Sheila Smith, Senior Fellow for Japan Studies at the Council on Foreign Relations; and Dr. Stephen Noerper, Senior Director at The Korea Society, outlined how these two democratic nations in Northeast Asia have tackled the coronavirus pandemic to date, and the regional implications it may pose in the foreseeable future.
Co-authored with Jill Frew.
With stunning swiftness, COVID-19 knocked America’s healthcare delivery system to its knees.
A month into the crisis, normal hospital operations are in upheaval. Avoiding in-person care has become the norm and the volume of admissions, surgeries and ER visits has plummeted. Overwhelming demand for ICUs, ventilators and personal protective equipment (PPE) has strained delivery and supply chains to the breaking point.