US economic contraction of 4.8% surpasses Europe’s 3.8%
The world’s economic pain was on full display Thursday with new bleak evidence from Europe and the United States of the mounting devastation wrought on jobs and economies by coronavirus lockdown measures.
The European economy shrank a record 3.8% in the first quarter as lockdowns turned cities into ghost towns and plunged nations into recession. The drop was the biggest since eurozone statistics began in 1995 and compares with a 4.8% contraction in the United States.
Here are some of AP’S top stories Thursday on the world’s coronavirus pandemic.
What’s happening
today
♦ More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
♦ Amazon, which Americans are relying on heavily to stock up on goods, saw first-quarter sales skyrocketing in the first quarter but profits dropping 29% because of the rising costs to get all those packages shipped. In contrast, American Airlines and United Airlines lost a combined $4 billion as the pandemic triggered a sharp drop in air travel.
♦ U.S. intelligence agencies have concluded that the new coronavirus was “not manmade or genetically modified” but say they are still examining whether the origins of the pandemic trace to contact with infected animals or an accident at a Chinese lab. President Donald Trump and his allies have touted the as-yet-unproven theory that an infectious disease lab in Wuhan was the source of the pandemic.
♦ Americans are grappling with an essential question as they try to get the information they need to stay safe during the coronavirus crisis: Whom do you trust?
♦ In Michigan, hundreds of protesters, some armed with rifles, returned to the
Capitol to denounce Democratic Gov. Gretchen Whitmer’s stay-home order. The
Republican-led Michigan
House refused to extend the state’s coronavirus emergency declaration and voted to authorize a lawsuit challenging Whitmer’s authority and actions to combat the pandemic.
♦ NASCAR will resume its season without fans starting May 17. It’s joining the
UFC as the first major sports organizations to announce specific plans to return to play since the coronavirus pandemic shut down U.S. sports in mid-march. Elsewhere in sports, this year’s
Little League World Series was canceled.
♦ Under Japan’s coronavirus state of emergency, people have been asked to stay home. Many are not.
Some still have to commute to their jobs despite risks of infection, while others continue to dine out, picnic in parks and crowd into grocery stores with scant regard for social distancing.
One number
♦ 60,000: The number President Donald Trump predicted would be the U.S. death count from the coronavirus pandemic. The reported toll has now edged past Trump’s marker.
In other news
♦ BRITISH WWII VETERAN — Capt. Tom Moore celebrated his 100th birthday on Thursday, having raised some 30 million pounds ($37 million) for the National Health Service after completing a challenge to mark the milestone by shuffling the length of his garden 100 times. His sunny attitude in a dark moment brought smiles to a country locked down amid the COVID-19 pandemic.
♦ BROADWAY SERENADE — Theaters are shuttered, but somehow, Brian Stokes Mitchell has found a way to keep singing on Broadway. Mitchell looks to serenade crews of ambulances, fire engines, police cars or medical workers from the urgent care facility near his Manhattan apartment.