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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA National Mask Mandate Could Save The U.S. Economy $1 Trillion, Goldman Sachs Says
Wall Street seems to be getting fed up and nervous about the shitty leadership. They may start telling Republicans to step in line on masks since Trump encourages just the opposit.
Sarah Hansen Forbes Staff
Markets
I cover breaking news.
TOPLINE As mask-wearing becomes a political flashpointdespite coronavirus cases spiking to record levels across the countrynew research from Goldman Sachs suggests a national mask mandate would slow the growth rate of new coronavirus infections and prevent a 5% GDP loss caused by additional lockdown measures.
KEY FACTS
Goldmans analysts found that wearing face coverings has a significant impact on coronavirus outcomes, and they suggest that a federal mask mandate would meaningfully increase mask usage across the country, especially in states like Florida and Texas, where masks are not currently required.
The researchers estimate that a national mandate would increase the portion of people who wearing masks by 15%, and cut the daily growth of new cases by between 0.6% and 1%.
Reducing the spread of the virus through mask-wearing, the analysts found, could be a substitute for strict lockdown measures that would otherwise shave 5%or $1 trillionoff the U.S. GDP.
CRUCIAL QUOTE
If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP, the researchers wrote.
More: https://www.forbes.com/sites/sarahhansen/2020/06/30/a-national-mask-mandate-could-save-the-us-economy-1-trillion-goldman-sachs-says/?fbclid=IwAR3QV82dwSYpZ3gTcwvOA9xpccz-Bh3cDS_K0ccRBwtTPGx7UkTGuPMoXIo#1f76ca5656f1
dweller
(23,560 posts)or my life ??
guess which 1 i'm gonna worry about ?
🤔
✌🏼
Bernardo de La Paz
(48,786 posts)malaise
(267,804 posts)live on M$NBComcast and CNN
Hermit-The-Prog
(33,033 posts)We would be feeling almost normal by now and over 100,000 lives would have been saved.
Anti-science selfishness is not a good way to combat a communicable disease.
Bernardo de La Paz
(48,786 posts)Trim at the question mark and # signs in URLs
https://www.forbes.com/sites/sarahhansen/2020/06/30/a-national-mask-mandate-could-save-the-us-economy-1-trillion-goldman-sachs-says
Bernardo de La Paz
(48,786 posts)Buckeye_Democrat
(14,846 posts)... FINALLY heed that advice?!
You know, because money managers are so much smarter than scientists and medical professionals?
tinrobot
(10,848 posts)I guess that is about as American as it gets.
I mean seriously, Goldman isn't some liberal think tank. If they're calling for it, then it is not a partisan issue.
Buckeye_Democrat
(14,846 posts)Mostly him, anyway.