Much of the nation has made the gut-wrenching choice to stop about half the economy and encourage most workers to stay home in an effort to save as many lives as possible

The average unemployment benefit check is currently $385 a week, which is less than half the typical weekly paycheck in the United States. The amount is slated to rise an additional $600 a week once President Trump signs the relief bill into law, a substantial increase meant to tide workers over as they are forced to stay home

All employees now have their temperature tested on the way into the warehouse. He’s had lengthy discussions with each worker about whether they should take the health risk of coming to work. They now run two shifts and mandate that employees stand about 10 feet from each other. Between the shifts, they sanitize the whole facility — doorknobs, surfaces, bathrooms, tools.

Irrational stockpiling can also lead to price gouging, says Steven Taylor, a professor and clinical psychologist at the University of British Columbia, and the author of The Psychology of Pandemics. “If the price of a roll of toilet paper is tripled, that’s seen as a scarcer commodity to acquire, which can lead to anxiety,” he says.

Panic buying, Taylor says, is fuelled by anxiety, and a willingness to go to lengths to quell those fears: like queueing for hours or buying way more than you need. We’ve seen this before throughout history. Back in 1962 during the Cuban missile crisis, when nuclear war seemed imminent, American families filled their basements with enough canned goods and bottled water to survive an atomic blast.

“But for many people, hand-washing seems to be too ordinary. This is a dramatic event, therefore a dramatic response is required, so that leads to people throwing money at things in hopes of protecting themselves.”

“Panic is a subjective, emotional state, and mostly what we can observe is the behaviour,” says Oppenheim. “Maybe someone reads articles or a couple of tweets about supply chain disruptions in China and mask shortages in Hong Kong, and then makes a very reasoned decision to stock up on masks just in case. All we can infer from the purchasing is the timing, so it could look panicky even if it's well thought through.”

The Vatican is facing a sharp drop in visitors to the Vatican Museums, which bring in €40 million in profit in a normal year and are a key revenue source for the church. Vatican officials declined to comment on a report in an Italian newspaper saying the museums had experienced a 60% drop in attendance

There is a key difference between coronavirus and climate crisis, of course, and it is shame. “We didn’t know coronavirus was coming,” says Stirling. “We’ve known the climate crisis was on the cards for 30 or 40 years.” And yet – despite being inadequately prepared because of an underfunded, under-resourced NHS – the government can swiftly announce an emergency pandemic plan.

"In these kinds of public health emergencies, we need to be able to trust our leaders, be it public health, scientific or political leaders," Omer said. This will become particularly important in the coronavirus outbreak if there comes a time when the government needs to recommend major lifestyle adjustments to curtail the spread of the disease.

The tumult in the U.S. economy still pales in comparison to the damage being felt in other countries. In China, auto sales cratered 80% last month, while a plunge in tourism is expected to push Italy and perhaps France into a recession.

The U.S. Travel Association predicts that international travel to the United States will fall by 6% over the next three months. "There is a lot of uncertainty around coronavirus, and it is pretty clear that it is having an effect on travel demand — not just from China, and not just internationally, but for domestic business and leisure travel as well," the association's president, Roger Dow, said in a statement.

As Angrist acknowledges, one impetus for the study was the wave of criticism the economics profession has faced over the last decade, after the banking crisis and the “Great Recession” of 2008-2009, which included the finance-sector crash of 2008. The paper’s title alludes to the film “Inside Job” — whose thesis holds that, as Angrist puts it, “economics scholarship as an academic enterprise was captured somehow by finance, and that academic economists should therefore be blamed for the Great Recession.”

The study also details the relationship between economics and four additional social science disciplines: anthropology, political science, psychology, and sociology. Among these, political science has overtaken sociology as the discipline most engaged with economics. Psychology papers now cite economics research about as often as they cite works of sociology. The new intellectual connectivity between economics and psychology appears to be a product of the growth of behavioral economics, which examines the irrational, short-sighted financial decision-making of individuals — a different paradigm than the assumptions about rational decision-making found in neoclassical economics.

“It really seems to be the diversity of economics that makes it do well in influencing other fields,” Ellison says. “Operations research, computer science, and psychology are paying a lot of attention to economic theory. Sociologists are paying a lot of attention to labor economics, marketing and management are paying attention to industrial organization, statisticians are paying attention to econometrics, and the public health people are paying attention to health economics. Just about everything in economics is influential somewhere.”

“The Party has increasingly treated ‘stability maintenance’ — a euphemism for social control — as an overarching priority, and devoted enormous resources to security agencies for monitoring dissidents, breaking up protests, censoring the internet, and developing and implementing mass surveillance systems,” she wrote in a recent paper.

“Once these systems are in place, those involved in its developments — particularly companies with money to be made — argue for their expansion or their wider use, a phenomenon known as ‘mission creep.’ What initially started as a system to crack down on crime — which is already a dubious and vague enough justification to encompass political crimes in China — is now used for other purposes including for fighting the coronavirus outbreak.”

Parental consistency can help protect children from emotional problems. Children can and do become caught in the middle between parents who aren’t getting along. Such "triangulation" distracts children from addressing their own needs. Compassion buffers empathy, allowing parents to tolerate their children's distress without getting overwhelmed, numbing out, or becoming enraged. Parents are encouraged to engage their curiosity when they feel the urge to accommodate or try to overpower children.

Perception was important for mothers. Mothers who reported that their children showed more severe symptoms were more likely to use accommodation, but maternal accommodation was unrelated to the mothers' own reported distress and emotional state. It may be that mothers wish to spare their children anticipated distress, and that this desire is different from overall distress. Including measures of empathy and parental distress due specifically to child's distress could tease this apart in future studies.

Accommodation increases anxiety because youngsters never have a chance to fail and persist. This can stunt self-efficacy, preventing “fear extinction” and “habituation” to anxiety-provoking situations. It's a vicious cycle, increasing the chance of giving up too easily with future challenges, though innate resilience, related to child temperament, can mitigate the effects of problematic environmental factors.

India presents a striking example of the limitations of pure economics. From 2003 to 2011, the world’s largest democracy was growing at a phenomenal rate, exceeding 9 percent each year between 2005 and 2008. Even after 2011, it kept up a reasonable rate of growth. However, since 2018, the economy seems to be spinning into a crisis, with growth declining to 4.5 percent, consumption in India’s vast rural sector declining at rates not seen since the late 1960s, and the overall unemployment rate at a 45-year high. The 2018 Accidental Deaths and Suicides in India Report, recently released by the National Crime Records Bureau, highlights a stark mood of despair: Since 2017, there has been a noticeable rise in the relative share of suicides by daily wage earners. They are among the poorest people in the economic ladder, thereby suggesting a rise in poverty.

A recent Harvard Business Review paper shows that if a company’s workers have a sense of belonging, they improve their job performance by 56 percent, with a 50 percent drop in churn and a 75 percent reduction in sick days. For a 10,000-person company, this would result in annual savings of more than $52 million. Extrapolate this to a nation, and you get a sense of why nations where large segments feel excluded do poorly.

Developed countries were worried that cutting emissions would affect competitiveness and jobs, while less developed countries "see carbon intensive activity as a way of raising living standards.""It is a global problem but no global solution is in sight," the report added.

He said if the bank's own researchers were "saying the very future of the human race is at stake" then the bank itself should change its direction."It's good they [the researchers] are telling the truth more - it's not good they [the bank] remain a strong funder of fossil fuels," he said."Everyone has to have responsibility for change, whether they are asset managers, or institutional investors, or chief executives, or shareholders," he added.

Talking about a timeframe he added: "We are a bit concerned about putting a date on it as yet because some of the technologies are still evolving. We will get there, the only question is how quickly we can get there.''

Meanwhile, 2019-nCoV, which causes symptoms similar to the flu, has killed about 2% of the 31,500 people it has infected so far, but has spread to more than 20 countries—including, crucially (at least in terms of understanding media coverage), the U.S. Any time an issue affects the U.S., the Western press kicks into high gear, Miller says.

After the 2014-2016 Ebola outbreak, the U.S. press was criticized for overstating the possible threat to Americans.

Bats are also thought to be the ultimate reservoir of coronaviruses, but the virus has also been isolated from snakes and palm civets, a game animal resembling a cat prized by the Chinese for its heat-giving energy. The SARS epidemic was almost certainly sparked by civets traded at a wild animal market in Shenzhen in southeast China. Likewise, the Wuhan outbreak appears to have begun at a wholesale seafood market which, despite its name, also sold wild animals, including wolf cubs, crocodiles, snakes and bats.

But perhaps the biggest lesson from the recent run of epidemics is that while scientific knowledge is always advancing, it can also be a trap, blinding us to the epidemic just around the corner ­­– the so-called Disease X’s. Thus, in the case of SARS, our delay in realizing we were dealing with a dangerous new respiratory pathogen, was due in no small part to the WHO’s conviction that the world was on the brink of a pandemic of H5N1 avian influenza—a view that seemed to be confirmed when ducks, geese, and swans suddenly began dying in two Hong Kong parks.

Stavitsky realized that while people are increasingly plugging into headphones to get them through the day, “there’s no playlist or song that can adapt to the context of whatever’s happening around you," he says. His app takes several real-time factors into account — including the weather, the listener's heart rate, physical activity rate, and circadian rhythms — in generating gentle music that’s designed to help people sleep, study or relax.

“AI forced us to come up against patterns that have no relationship to comfort. It gave us the skills to break out of our own habits,” she says. The project resulted in the first Grammy nomination of YACHT’s two-decade career, for best immersive audio album.

. “There’s something freeing about not having to make every single microdecision, but rather, creating an ecosystem where things tend to happen, but never in the order you were imagining them,” she says. “It opens up a world of possibilities.” She says that she has a few new music projects coming this year using Bronze’s technology.

“ I design projects that prove companies can be profitable when the end result is better stewardship of our planet. I think it’s the most ethical thing we can do for those who will come after us. Sometimes, like in ecological projects, that end result just happens to be a hundred years from now. Which isn’t that long when you consider how trees grow or lakes fill.”

Saudi Arabia has been showing Black Panther in its theaters, too – the first commercially released film to be screened in almost 35 years in this repressive, autocratic regime. And that’s a political victory too. For the repressive, autocratic regime, of course. Because as revolutionary as Black Panther was hailed as being in America, it is ultimately the story of a monarchy triumphing over the challenge presented by a rebellious force. It turns out that it makes for good propaganda for the Saudi monarchy. Oh, the irony.