“The speed and scale of the job losses is without precedent. Until last month, the worst week for unemployment filings was 695,000 in 1982. By shuttering businesses and forcing vast layoffs, the coronavirus outbreak has in two weeks wiped out more jobs than the worst months of the last recession.” Two weeks. Ten million new claims for unemployment benefits. A Widening Toll on Jobs: ‘This Thing Is Going to Come for Us All.

+ “What are the economic rules of this upside-down world, where opening the economy too soon produces mass death, but shutting it for too long produces mass suffering?” Derek Thompson: The Four Rules of Pandemic Economics.