Medical economics

Local authority austerity associated with poor health

Local government spending cuts are associated with worse multimorbidity and health-related quality of life according to a study by University of Manchester health economists.

Diseases, Conditions, Syndromes

Vaccine hopes and economic woes as virus spreads

President Donald Trump voiced hope Friday that a coronavirus vaccine will be available by late 2020, cushioning dire US economic news as parts of Europe re-open despite fears of a second wave of the pandemic.

Diseases, Conditions, Syndromes

One third of humanity under virus lockdown

India's billion-plus population went into a three-week lockdown on Wednesday, with a third of the world now under orders to stay indoors, as US politicians agreed to spend $2 trillion to counter the economic damage of the ...

Diseases, Conditions, Syndromes

China virus epicentre to open up as world locks down

China announced Tuesday an end to travel curbs at the epicentre of the coronavirus pandemic, as governments around the world tightened lockdowns in a desperate effort to slow the spread of the deadly disease.

Diseases, Conditions, Syndromes

South Korea virus cases surge as WHO sounds maximum alert

South Korea reported its biggest surge in new coronavirus cases on Saturday as concerns grew of a possible epidemic in the United States and the World Health Organization raised its risk alert to its highest level.

Diseases, Conditions, Syndromes

Drug-resistant infections could spark financial crisis: study

The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday.

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Global financial crisis of 2008–2009

The global financial crisis of 2008–2009 began in July 2007 when a loss of confidence by investors in the value of securitized mortgages in the United States resulted in a liquidity crisis that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008. In September 2008, the crisis deepened, as stock markets worldwide crashed and entered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks.

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