How the Coronavirus’ Effect On the Fashion Industry Reveals Flaws in the Global Economy

After the coronavirus outbreak forced Chinese fashion designers, buyers and other industry insiders to skip Milan’s Fashion Week in late February, the Camera Nazionale della Moda Italiana, or National Chamber of Italian Fashion, launched a campaign to demonstrate solidarity: “China, we are with you.” The slogan turned out to be prophetic. By the end of … Read more

‘The Fed’s Tools Are Imperfect.’ Why the Surprise Interest Rate Cut Can’t Fully Prevent a Coronavirus Downturn

(Bloomberg Opinion) — The Federal Reserve’s strategy to combat the coronavirus outbreak and its impact on financial markets and the longest U.S. economic expansion in history turned out to be nothing short of shock and awe. In the central bank’s first emergency action since 2008, Chair Jerome Powell and other Fed officials voted unanimously to … Read more