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Showing posts with the label COVID-19

How to Save Lives and the Economy

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How economically valuable is a face mask mandate in terms of reducing the need for broad lockdowns with their well-documented negative effects on GDP (Gross Domestic Product)?  That was one of three questions that the people at Goldman Sachs recently answered, using their analytical tools. [1]   You can read the nitty gritty details of how they conducted their analysis in their recent publication on the subject, but here is the bottom line from Goldman Sachs: “Thus, the upshot of our analysis is that a national face mask mandate could potentially substitute for renewed lockdowns that would otherwise subtract nearly 5% from the GDP.”   How serious is a 5% drop in the GDP?   That’s about how much the GDP fell in the first quarter of 2020 – the worst quarterly decline since 2008, during a deep recession.   Our economy cannot sustain continued declines such as this. A wide variety of masks are for sale at  shopdingdarling.com where 100% of the profit...

The Time and Place for Love and Care

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For three weeks now, the Cooley household of two has been in strict, self-imposed isolation.   As we isolate, I strive to maintain my sense of place in the world.   That place has changed a bit lately. What I do and decide affects others.   I think about that.   JS normally cleans our house once a month, but I decided not now – not until the pandemic is over.   So I texted her (that’s her preferred mode of communication) to ask if she was okay and if she needed money; I said I could pay in advance for cleaning to be done next Fall or whenever.   She texted back that she is good, no worries.   A friend later told me that JS is more concerned about being able to stay away from the virus than she is about money.   She was frightened when she saw careless people still vacationing on Captiva.   I will check back with her again soon. I was concerned about my younger brother who lives alone in Tampa, because I had not heard from him or...