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Calls for Corona Bonds Met with Familiar "Nein"

The danger of a new euro crisis is growing. Weak member states like Italy need help if they're going to survive the coronavirus lockdown financially. But the call for euro bonds has been met with stiff resistance -- especially from the Germans.




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Fighting Coronavirus: A New Infection Alarm System on Your Smartphone

European researchers have developed a new technology aimed at slowing the spread of the novel coronavirus. Called PEPP-PT, it has been designed to conform with EU data privacy rules. Its developers spoke with DER SPIEGEL about the app.




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Euro Bonds or Bust? Europe Struggling to Find a Joint Approach to the Corona Catastrophe

Faced with a growing economic crisis, many European Union member states are clamoring for the introduction of so-called corona bonds. Just like it was in the euro crisis, though, Germany is opposed. In the end, Berlin may not have a choice. By DER SPIEGEL Staff




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Coronavirus: Il rifiuto tedesco degli Eurobond è non solidale, gretto e vigliacco

L'Europa è più di una mera alleanza di egocentrici. Non esistono alternative agli Eurobond in una crisi come questa.




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Coronavirus: El rechazo alemán de los eurobonos es insolidario, mezquino y cobarde

Europa es más que una coalición de ególatras. En una crisis como esta no existe alternativa para los eurobonos.




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Portugal: How Lisbon Has Managed the Corona Crisis

While Spain continues to battle a dire coronavirus outbreak, the situation is vastly better in neighboring Portugal. But why?




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Groups seek $200B for education in coronavirus bill

A group of 90 education and other groups wrote a letter to US lawmakers Wednesday asking for $200 billion in federal funding  -More




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Ischgl, Austria: A Corona Hotspot in the Alps Spread Virus Across Europe

The Austrian winter-sports mecca of Ischgl is well known for its parties. But after helping spread the virus across Europe, the town's reputation is changing to one of incompetence and greed.




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Corona: How People Around the World Are Supporting Each Other

The coronavirus is forcing us to keep our distance from other people. Yet these extraordinary times have also brought forth moments of warmth and solidarity. People are offering each other words of encouragement and banding together to fight their loneliness.




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Coronavirus in South America: What the Death of a Maid Means for Brazil

Well-off Brazilians have brought the coronavirus back home with them from their travels. Many of them also employ domestic workers from the country's favelas - who they're apparently unwilling to protect by telling them to stay home. Brazil's poorest class could make easy quarry for the disease.




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New York City: Eight Days in the New Capital of Corona

Not a soul to be seen on Wall Street, cafés closing down in Brooklyn and a field hospital in Central Park: New York City is in the grips of coronavirus. Notes from a week that changed the city.




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The COVID-19 Battle: A Look at the Treatments Currently Being Used against the Coronavirus

In the fight against COVID-19, doctors and health workers are testing drugs and treatments whose efficacy has been proven against other illnesses. We take a look at the most prominent ones and the early findings.




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The American Patient: How Trump Is Fueling a Corona Disaster

Donald Trump’s disastrous crisis management has made the United States the new epicenter of the global coronavirus pandemic. The country is facing an unprecedented economic crash. Are we witnessing the implosion of a superpower? By DER SPIEGEL Staff




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Wuhan Awakes: A Visit to Coronavirus Ground Zero

The Chinese metropolis of Wuhan spent weeks in complete lockdown to stop the spread of the novel coronavirus. Now, it is reopening its shops and restaurants. But the people remain fearful and cautious.




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Corona: "You Need the Sledgehammer" To Bring Down Infections

In an interview, Hong Kong-based epidemiologist Gabriel Leung explains why he considers a rapid lifting of contact bans and social distancing measures to be irresponsible. The corona crisis, he believes, will be with us for a long time.




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Gary Sanchez, Luis Severino and Dellin Betances among Dominican stars helping Pedro Martinez with coronavirus relief

Dominican Yankees and Mets stars are working with Pedro Martinez to respond to the coronavirus pandemic in their homeland.




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Optimal Bailouts and the Doom Loop with a Financial Network -- by Agostino Capponi, Felix C. Corell, Joseph E. Stiglitz

Banks usually hold large amounts of domestic public debt which makes them vulnerable to their own sovereign’s default risk. At the same time, governments often resort to costly public bailouts when their domestic banking sector is in trouble. We investigate how the interbank network structure and the distribution of sovereign debt holdings jointly affect the optimal bailout policy in the presence of this "doom loop". Rescuing banks with high domestic sovereign exposure is optimal if these banks are sufficiently central in the network, even though that requires larger bailout expenditures than rescuing low-exposure banks. Our findings imply that highly central banks can use exposure to their own government as a strategic tool to increase the likelihood of being bailed out. Our model thus illustrates how the "doom loop" exacerbates the "too interconnected to fail" problem in banking.




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Nouriel Roubini on Coronavirus: "This Crisis Will Spill Over and Result in a Disaster"

Economist Nouriel Roubini correctly predicted the 2008 financial crisis. Now, he believes that stock markets will plunge by 30 to 40 percent because of the coronavirus. And that Trump will lose his re-election bid.




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When Larry Fink Met Greta: Investors Join In Calls for Corporate Sustainability

Pressure is growing across the board for large corporations to do more to protect the environment and the climate. Even institutional investors like Blackrock head Larry Fink are joining the chorus of voices calling for change.




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Corona: Germany Plans 40 Billion Euro in Aid for Freelancers and Small Companies

Freelancers and small companies are getting hit especially hard by the corona crisis. DER SPIEGEL has learned that the federal government is planning a massive financial aid package. It would mark the end of Germany’s balanced budget policy.




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Corona Virus and the Working World: What Employees in Germany Need To Know About Their Rights

Am I required to work if I can't find alternative childcare with daycare centers now closed? Will I still get my salary? What happens to my health insurance? Answers to the most pressing questions about labor law in times of the coronavirus.




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Worse than Lehman: Coronavirus Tightens Its Grip on the Economy

It is an unprecedented crisis: The coronavirus pandemic is crippling entire economies, while governments and central banks are deploying all means available to prevent a systemic collapse. How long can we hold out?




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Lufthansa CEO on How Coronavirus Has Radically Upended the Aviation Industry

The coronavirus pandemic has inflicted massive damage on the aviation industry. But Lufthansa CEO Carsten Spohr says that the German flag carrier is in a good position to survive, even if it will take several years for the industry to recover.




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Hell’s Backbone Grill is temporarily closed due to coronavirus, but Utah chefs win nod as finalists for national James Beard award




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Live coronavirus updates for Thursday, May 7: Utah minorities especially affected by COVID-19, panelists say




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What is the real coronavirus toll in each state?




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Despite coronavirus, antler hunters descend on Jackson Hole




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The science of Sundance: Digging into a theory the coronavirus was spreading early in Utah




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Utah freeway traffic returns to near-normal as coronavirus restrictions ease




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Three more Utahns die of coronavirus, but governor is optimistic about easing more restrictions soon




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After controversial contracts, Utah’s governor says coronavirus purchases will return to normal




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Coronavirus through the eyes of Utah 10-year-olds




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Live coronavirus updates for Friday, May 8: West Jordan canceling the Western Stampede rodeo due to COVID-19 concerns




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Mobile testing units travel to Utah coronavirus hot spots




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VP Pence’s press secretary tests positive for coronavirus




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Roy Horn of Siegfried & Roy dies from coronavirus at 75




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Navajo Nation reports 119 new coronavirus cases




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Live coronavirus updates for Saturday, May 9: Five more Utahns die from COVID-19, bringing state’s death toll to 66




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Elon Musk publicly corrects Grimes over their newborn son’s bizarre name

Tesla and SpaceX billionaire Elon Musk publicly corrects girlfriend Grimes on Twitter after she explains the origin of their newborn son's unusual first name, X Æ A-12.




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Robert De Niro says he’d play Gov. Cuomo in a coronavirus movie: ‘He’s doing what a president should do’

De Niro, 76, also voiced his support for Joe Biden as a presidential candidate on "The Late Show," and was critical of President Trump’s handling of the response to the COVID-19 outbreak.




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Another 3.2 million Americans file for unemployment as coronavirus continues to slam U.S. economy

The coronavirus crisis has forced another 3.2 million Americans to file for jobless aid, bringing the total number to 33.5 million in the seven weeks since the pandemic forced millions of companies to close and layoff huge amounts of staff.




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Trump’s valet tests positive for coronavirus, but both the president and Pence are fine

A member of the U.S. Navy who serves as one of President Trump’s personal valets has tested positive for coronavirus.




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Jimmy Glenn, boxing cornerman and owner of ‘Jimmy’s Corner’ bar in Times Square, dies at 89 of coronavirus

Glenn, a former boxer and owner of popular Times Square bar Jimmy's Corner, died of coronavirus early Thursday morning at 89.




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DC Comics superhero Hershey bars are coming but sent to frontline coronavirus workers first

Talk about a sweet gesture. A line of DC Comics superhero chocolate bars is coming, but before you can get your hands on them, Hershey’s is first giving them out to workers on the frontlines of the coronavirus pandemic.




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Man called 911 to report 'a black male running down the street’ before Ahmaud Arbery shooting, audio recordings confirm

Audio recordings of two 911 calls placed moments before Ahmaud Arbery was killed confirm that at least two people were concerned that a black man was running in their Georgia neighborhood.




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Coronavirus delays list of most popular baby names this year

The Social Security Administration will not release its list of popular baby names this year.




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Coronavirus may linger in semen of infected men, poses small risk for COVID-19 infection via sex: study

The semen of men infected with coronavirus revealed that the disease lingered in only a few patients, suggesting there is a small chance COVID-19 can be transmitted sexually, researchers said.




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Record unemployment hits veterans hard, nearly 12% out of work

Veterans are being hit hard by unemployment due to the coronavirus pandemic.




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Disney Springs in Orlando starting phased reopening after coronavirus closures

Disney World is beginning to spring into action. Disney Springs, the company’s outdoor dining, shopping and entertainment complex near its Florida theme parks, is set to begin a phased reopening on May 20 following closures to reduce the spread of coronavirus.




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Chris Cornell’s widow fires back at Soundgarden members in escalating legal war, says they’re tying to ‘browbeat’ her into giving up music

Chris Cornell’s widow is firing back at her husband’s Soundgarden bandmates, calling the lawsuit they filed against her Wednesday an attempt to “browbeat” her into giving up “copyrighted works.”