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Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick is Chief Economist for ConstructConnect. He is a frequent contributor to the Daily Commercial News and the Journal of Commerce. He has delivered presentations throughout North America on the Canadian, United States and world construction outlooks. A trusted and often-quoted source for … More »

Notes from the Trenches (35)

 
May 14th, 2020 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

  • Now you have an excuse to eat them. French fries should more accurately be called Belgian fries. They were given the wrong name by American soldiers in World War I who mistakenly thought they were in France when they came across the new tasty use for potatoes. Over the past many decades, Belgium has been a leading exporter of the kinds of potatoes that make the best fries. But restaurant and fast-food demand has fallen off a cliff coincident with coronavirus quarantining and there are storehouses full of spuds that are in danger of spoiling by the end of June. The message has gone out in Belgium, and it’s being picked up in other countries, that families should double their French fry intake from one meal per week to two.
  • Speaking of Belgium, it has one of the worst COVID-19 mortality rates among countries in the world, according to the authoritative website on the progress of the disease being maintained by Johns Hopkins University. Deaths per capita is considered the best gauge of how brutally a country is being ravaged by the coronavirus. (Statistics on the infection rate can be wonky.) In Belgium, the number of deaths per 100,000 population is currently 74.6. The figures for some other developed nations, in descending order, are as follows: Spain, 56.3; Italy, 50.0; United Kingdom, 47.1; France, 39.2; Sweden, 31.2; United States, 23.6; Canada, 12.7; and Germany, 9.1.

  • The enormity of job losses tied to the pandemic has been staggering, but there’s a new category of employment that will lead to significant hiring. ‘Trackers’ are needed to trace the recent movements of people newly identified as carrying the COVID-19 bug. Individuals with whom they’ve come in contact must be alerted so they can go into quarantine and halt additional spread. A rule of thumb concerning number of trackers is that 300 are required per 100,000 population. For an urbanized area of a million, that’s 3,000 trackers. You can do the math from there.
  • With so many of us now keeping mainly to ourselves at home, it’s a wonderful time to reconnect with old friends over the Internet. A nice lady I used to work with ‒ she’s a grandmother now, but was a young adult when we were colleagues ‒ sent me an e-mail with an attached photo of her first daughter as not much more than a baby, hugging an adorable teddy bear with the softest eyes. She asked if I recalled giving the toy to her little one to mark an exciting birth. I was pleased to respond, “Certainly I remember. I want it back. That was on loan.”

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Category: ConstructConnect




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