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LA was uniquely vulnerable to this COVID catastrophe. Here is what went wrong [Los Angeles Times :: BC-CORONAVIRUS-LA-WHATWENTWRONG:LA] LOS ANGELES – Los Angeles is careening toward catastrophe. An explosion of COVID-19 patients has begun to flood hospitals and may soon force doctors to ration care. The number of available beds in intensive care units is rapidly dropping to zero, as healthcare providers plead with people not to come to emergency rooms unless it’s a matter of life or death. “Ambulances are circling hospitals for hours trying to find one that has a bed open so they can br...

Why traders see little merry this Christmas Monday December 21 2020 By KEVIN ROTICH However, clothes traders have been a depressed lot this festive season. Customers are staying away from their stalls and instead of counting profits, traders are counting fast rising bills that may soon put them out of business. Their woes have everything to do with reduced customers’ purchasing powers. December is here with us. Traditionally, it marks the start of the festive season when families and friends spend thousands of shillings on Christmas and New-Year holidays merry-making. This is usually charac...

It’s certainly been a year like no other and, although there is light at the end of the tunnel, with the rollout of vaccines gaining momentum, there is still some way to go before forecasts about an economic rebound can be made with any certainty.  As such, the alphabet soup of possible recoveries is notably absent from most 2021 outlooks published so far. Instead, themes include the OECD’s “Turning Hope into Reality” December 2020 Economic Outlook and UBS’s “A Year of Renewal”, with annual predictions of growth rates of between 4% and 5% for the global economy, but a wide rang...

Taking stock of a shocking 2020 and a much-needed 2021 economic revival © Copyright (c) Daily Maverick , All Rights Reserved It’s certainly been a year like no other and, although there is light at the end of the tunnel, with the rollout of vaccines gaining momentum, there is still some way to go before forecasts about an economic rebound can be made with any certainty.  As such, the alphabet soup of possible recoveries is notably absent from most 2021 outlooks published so far. Instead, themes include the OECD’s “Turning Hope into Reality” December 2020 Economic Outlook and UBS’...