Flight risk: airlines and covid-19
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 16 March 2020
⏱️ 21 minutes
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.5 | Divorce is still illegal in the Philippines, although a bill that's currently with the Congress may change that. |
| 0:24.6 | We ask why the country's politics and its politicians are so much more socially conservative than the citizens seem to be. |
| 0:31.6 | And the era of delivery by drone is nearly upon us. |
| 0:36.6 | But how will drones avoid the thieves and the mischief makers who will try to down them? |
| 0:41.6 | We look into some technology that may help keep drones and your delivery safe. |
| 0:53.8 | But first... |
| 0:55.0 | Over the weekend, global reactions to the COVID-19 pandemic led to more travel restrictions, more border closings, and more cancelled flights. Spain began a national |
| 1:12.9 | shutdown like the one in Italy. France shuttered all of its non-essential public buildings, |
| 1:18.2 | and today Germany will close its borders. |
| 1:24.8 | Rwanda, Morocco and Kenya, among other African countries, put tighter controls in place, |
| 1:30.4 | halting flights and closing schools and universities. |
| 1:33.9 | America's ban on travelers from Europe took hold, leading to chaos in American airports. |
| 1:39.6 | Without a national plan in place, American cities and states are enacting their own restrictions. |
| 1:45.1 | New York's mayor, Bill de Blasio, closed public schools. |
| 1:47.8 | So this is a decision that I have taken with no joy whatsoever with a lot of pain, honestly, |
| 1:52.6 | because it's something I could not in a million years of imagine having to do. |
| 1:57.8 | But we are dealing with a challenge and a crisis that we have never seen in our lifetimes |
| 2:02.8 | and has only just begun. |
| 2:05.1 | The most decisive top-down move came from America's Federal Reserve, which cut interest rates |
| 2:10.3 | to near zero and promised to pump $700 billion into the economy. |
| 2:15.2 | Like others, we expect that the illness and the measures now being put in place to stem its spread will have a significant effect on economic activity in the near term. Those in travel, tourism, and hospitality industries are already seeing a sharp drop in business. The industry clobbered hardest by the pandemic, it seems, is the one responsible for helping |
... |
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