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The Intelligence from The Economist

No school, hard knocks: developing-world students hit hard

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 16 July 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

For many of the 1.5bn pupils affected by school closures, fewer lessons just means more labour—or worse. That spells a lifetime of lost earnings, and lost childhoods. Executive pay has long been in the spotlight, but the pandemic may at last spur some pay cuts. And why Cartagena, the “pearl of the Caribbean”, doesn’t want its old tourism industry back. 

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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.

0:09.6

Every weekday we provide a fresh perspective on the events shaping your world.

0:17.5

For years, investors have questioned chief executive salaries, yet pay just kept rising,

0:23.5

faster than the markets, faster even than their company's returns. Things have been changing

0:28.8

and the pandemic's squeeze might at last drive some pay cuts.

0:33.1

And in Colombia's port city of Cartejena, there's another COVID-19 reckoning.

0:37.8

The over-tourism that brought all-night parties and overflowing sewers has paused.

0:43.1

And city leaders wanted to use the opportunity to fashion a more genteel and legal tourism industry.

0:55.8

First up, though.

0:59.4

Over the past week, a battle over pandemic era education has flared up in America.

1:06.6

What we want to do is we want to get our schools open. We want to get them open quickly, beautifully in the fall.

1:13.8

The White House has criticized reopening guidelines put out by America's Centers for Disease Control,

1:19.8

saying they were too stringent. The CDC's director, Robert Redfield, told our sister podcast

1:26.2

economist asks that the agency is focused on the safety of pupils and teachers,

1:31.4

and that it views reopening schools as more than a matter of just education.

1:36.0

It's not opening schools versus public health. It's public health versus public health.

1:44.6

You know, in our country, 7.1 million students in K through 12 get their mental health services

1:50.7

in school. Many people get their breakfast in lunch through schools.

1:55.5

Obviously, the socialization is important and allowing people to have that face-to-face learning.

2:01.0

So, to me, that's where we need to get. Now, the question is, how do you get there safely?

2:06.2

It's a question being asked across the world where more than 1.5 billion children have been

2:11.4

affected by school closures. But the knock-on effects of interrupted education are being

...

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