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Javier E

China Has Squandered Its First Great Opportunity - The Atlantic - 0 views

  • Foreign-policy observers have long debated: What if Beijing were handed a golden opportunity to strut on the world stage, absent a more powerful United States? Would it seize the opportunity, acting for the good of all and convincing the globe of its peaceful intentions? Or would it pursue a cramped vision of national interest? The world has inadvertently run that very experiment since January.
  • Understanding why the Chinese Communist Party is acting in such a seemingly self-defeating fashion is now a top question on foreign-policy minds. But perhaps there’s no single right answer.
  • Former Indian National Security Adviser Shivshankar Menon wrote this month that “it is hard to think of a time since the Cultural Revolution when China’s international prestige and reputation have been lower.” That’s a remarkable statement, given the advantages Beijing possessed just a few months ago. Machiavelli said that it’s better to be feared than loved. He didn’t say hated.
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  • The combination of China’s early coronavirus recovery, the catastrophic health and economic situation in the United States, an administration whose “America First” instincts have turned the country inward, and a mostly every-country-for-itself response to the global pandemic has put China in the geopolitical driver’s seat. So far, Beijing has squandered the opportunity in dramatic fashion
  • The United States, however, should take small comfort in that realization. The underlying dynamics remain: China is pulling out of recession faster than North America and Europe, its military grows stronger each year, and countries in economic doldrums may exit the pandemic more reliant on Chinese capital and markets rather than less so. Chinese leaders believe that the future is theirs, as they pass fractious and declining democracies like the United States on the way up.
  • America has been lucky that Beijing hasn’t acted with more deftness this time around. The world has experienced a six-month geopolitical vacuum, and China has filled it poorly. What happens next may have less to do with Chinese than American policy. An active, revitalized United States can once again compete effectively with China and resume its role as a global leader. If it does, the past six months could look more like an aberration than a prologue.
chrispink7

Economic Damage From Civil Unrest May Persist for Decades | Voice of America - English - 0 views

  • WASHINGTON - Already reeling from the coronavirus pandemic and unemployment levels not seen since the Great Depression, cities across the United States smoldered on Tuesday after a seventh consecutive night of protests and civil unrest related to the death of African American George Floyd while in the custody of Minneapolis police last week.   As business owners and residents yet again clean up the debris, there is growing concern that the economic damage to many of the communities where violence is taking place will persist long after the last window pane is replaced and the last burned out car is towed away. Businesses and neighborhoods where protests have turned violent will have to contend not just with the aftermath of the protests, but with multiple aggravating factors that will make recovery even more difficult. 
  • Many businesses had already been pushed to the edge of solvency by months of lockdown related to the coronavirus, and the slow and careful re-openings envisioned by many state and local leaders were not designed to allow commerce to rebound to pre-pandemic levels immediately.  Layered on top of that is the Depression-level unemployment currently afflicting the nation and the prospect of an economy that will, at the very least, be in recession for the foreseeable future. On Tuesday, the Congressional Budget Office delivered an analysis to Congress warning that the virus will adversely impact the economy through much of the next decade, cutting some $8 trillion from Gross Domestic Product over that period. Another distinct possibility is a second wave of the coronavirus, either arising naturally or helped along by massive protests in which people have been gathering in close proximity. The understandable rage at the death of Floyd, who was handcuffed by police and died  after a police officer knelt on his neck for nearly nine minutes, sparked protests in well over 100 cities across the country. His death has become the most potent recent symbol of a system in which black Americans are, with disturbing regularity, abused and even killed by law enforcement officers, frequently on camera. And while the vast majority of the protesters have been non-violent, in many cases there have been incidents of property destruction and looting, as well as attacks on police officers.
Javier E

Opinion | The Worst Is Yet to Come - The New York Times - 0 views

  • we should spend more time considering the real possibility that every problem we face will get much worse than we ever imagined. The coronavirus is like a heat-seeking missile designed to frustrate progress in almost every corner of society, from politics to the economy to the environment.
  • It is all these things and something more fundamental: a startling lack of leadership on identifying the worst consequences of this crisis and marshaling a united front against them. Indeed, division and chaos might now be the permanent order of the day.
  • In a book published more than a decade ago, I argued that the internet might lead to a choose-your-own-facts world in which different segments of society believe in different versions of reality. The Trump era, and now the coronavirus, has confirmed this grim prediction.
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  • That’s because the pandemic actually has created different political realities. The coronavirus has hit dense, racially diverse Democratic urban strongholds like New York much harder than sparsely populated rural areas, which lean strongly to the G.O.P.
  • That divergent impact — with help from the president and his acolytes — is feeding a dangerous partisan split about the nature of the virus itself.
  • The virus’s economic effects will only create further inequality and division. Google, Facebook, Amazon and other behemoths will not only survive, they look poised to emerge stronger than ever.
  • Worst of all, it’s possible that the pain of this crisis might not fully register in broad economic indicators , especially if, as happened after the 2008 recession, we see a long, slow recovery that benefits mainly the wealthy.
  • : The virus-induced recession could further destroy the news industry and dramatically reduce the number of working journalists in the country, our last defense against misinformation.
  • activists have lately been finding success in pushing to build more housing in restrictive regions like the San Francisco Bay Area. The virus may put such reforms on ice
  • consider the grim future of public transportation after the pandemic: Will people just get back in their cars, driving everywhere they go?
  • the United States has failed to make the best of our most recent national calamities. The 9/11 attacks pushed us into needless quagmires in the Middle East. The 2008 recession deepened inequality.
katherineharron

GOP operatives worry Trump will lose both the presidency and Senate majority - CNNPolitics - 0 views

  • A little more than three months ago, as Democrats cast their ballots in the Nevada caucuses, Republicans felt confident about their chances in 2020. The coronavirus seemed a distant, far-off threat. Democrats appeared poised to nominate a self-described socialist for president. The stock market was near a record high. The economy was roaring. President Donald Trump looked well-positioned to win a second term, and perhaps pull enough incumbent Republicans along with him to hold the party's majority in the Senate.
  • Seven GOP operatives not directly associated with the President's reelection campaign told CNN that Trump's response to the pandemic and the subsequent economic fallout have significantly damaged his bid for a second term
  • Several say that public polls showing Trump trailing presumptive Democratic nominee Joe Biden mirror what they are finding in their own private polls, and that the trend is bleeding into key Senate races. The GOP already had a difficult task of defending 23 Senate seats in 2020.
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  • All of this demonstrates how difficult it is to run as a Republican incumbent almost anywhere in 2020. Strategists who spoke to CNN worry that Trump has become a liability for Republicans needing to expand their coalition beyond the President's core base of supporters.
  • "Republican candidates need something more like Romney in '12 and less like McCain in '08," said Liam Donovan, a GOP strategist in Washington.
  • That one-two punch could knock the GOP out of power in Washington-- and it's what has strategists hoping the President's reelection team can successfully transform the race to a choice between Trump and an unpalatable Biden.
  • "This is the one thing he (Trump) cannot change the subject on," said a Republican strategist. "This is not a political opponent, this is not going way and he has never had to deal with something like this."
  • Trump overall has a 45% approval rating. While only 42% approve of how he's handled the pandemic, 50% still said they approve of Trump's handling of the economy.
  • "The economic message resonates strongly, particularly in a time like this," said Trump campaign communications director Tim Murtaugh. "President Trump is clearly the one to restore us to that position. He did it once, he will do it again."
  • "Absent some sort of V-shaped recovery many people think he is dead in the water," said the Republican strategist.
  • Trump has solidified his position within the party. That has made it harder for Republicans in Congress to distance themselves from him without antagonizing his base. That, say Republican operatives, risks keeping away voters who may consider the GOP but don't like the President.
  • "It's a very, very tough environment. If you have a college degree and you live in suburbia, you don't want to vote for us,
  • The task requires Senate candidates to make appeals to suburban voters who flipped to Democrats in the 2018 midterm elections as a reaction against Trump.
  • Scott Reed, the political director at the US Chamber of Commerce and a veteran of Republican campaigns, said that a presidential reelection campaign is "always" a referendum on the incumbent and his party.
  • Congress, he noted is, having a relative boom in popularity -- 31% support in the latest Gallup poll, the highest in over a decade -- thanks in part to the passage of economic relief.
  • The line aims to combat the most consistent line of criticism from Democrats -- that Collins has voted in line with the Trump administration on everything from judicial appointments to health care to the President's acquittal on impeachment -- without having to disavow Trump himself.
  • "The truth is despite being massively outspent by liberal dark money groups, Republicans are still well-positioned to hold the Senate majority in the fall," said Jesse Hunt, a spokesman for the National Republican Senatorial Committee.
  • "When he does it right three days in a row, it really bumps his numbers," said Reed. "We need command performance on message discipline."
kennyn-77

Texas Gov. Greg Abbott bans COVID-19 vaccine mandates by private businesses : NPR - 0 views

  • Texas Gov. Greg Abbott issued an executive order Monday to prohibit any entity, including private business, from enforcing a COVID-19 vaccine mandate on workers and called on state lawmakers to pass a similar ban into la
  • The move comes as the Biden administration is set to issue rules requiring employers with more than 100 workers to be vaccinated or test weekly for the coronavirus.
  • "No entity in Texas can compel receipt of a COVID-19 vaccine by any individual, including an employee or a consumer, who objects to such vaccination for any reason of personal conscience, based on a religious belief, or for medical reasons, including prior recovery from COVID-19,"
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  • Texas has seen a recent decrease in newly reported COVID-19 cases and hospitalizations. But a rising death toll from the recent surge caused by the delta variant has the state rapidly approaching 67,000 total fatalities since the pandemic began in 2020.
Javier E

Opinion | No, 'Socialism' Isn't Making Americans Lazy - The New York Times - 0 views

  • Bernie Marcus, a co-founder of Home Depot, had some negative things to say about his fellow Americans in an interview last December. “Socialism,” he opined, has destroyed the work ethic: “Nobody works. Nobody gives a damn. ‘Just give it to me. Send me money. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”
  • Without question, rich men are constantly saying similar things at country clubs across America. More important, conservative politicians are obsessed with the idea that government aid is making Americans lazy, which is why they keep trying to impose work requirements on programs such as Medicaid and food stamps despite overwhelming evidence that such requirements don’t promote work
  • a reminder about demography. America has an aging population, which means that other things being equal, we should be seeing a downward trend in the fraction of adults still working. Indeed, the overall labor force participation rate — the percentage of adults either working or actively seeking work — is somewhat lower now than it was on the eve of the Covid-19 pandemic.
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  • such a decline was both predictable and predicted, for example, in prepandemic projections from the Congressional Budget Office.
  • today’s labor force participation is actually higher than the budget office expected — which is truly remarkable given that Covid did push some workers into early retirement, while long Covid may have left a significant number of workers with persistent disabilities.
  • One way to look past demographic changes is to focus on labor force participation by Americans in their prime working years, which is higher now than it has been for 20 years.
  • if you adjust for age and sex, overall U.S. employment is now at its highest level in history — again, despite the lingering effects of the pandemic.
  • So much, then, for claims that Big Government has made Americans lazy, or even talk of a Great Resignation. Americans are working more than ever.
  • Where are these additional workers coming from? One answer is that in a tight labor market, employers are more willing to look at marginalized groups, many of whose members turn out to be perfectly capable of productive employment
  • Americans with disabilities.
  • We’ve also seen a surge in foreign-born workers. Whatever the likes of Ron DeSantis may think, immigrants are a big plus for the U.S. economy: They tend to be both working-age and highly motivated.
  • So what does America’s extraordinary success at getting people back to work tell us
  • One thing it tells us is that the sluggish recovery that followed the 2008 financial crisis — sluggish largely because Very Serious People were obsessed with debt rather than jobs — denied employment to millions of Americans who could and should have been working.
  • recent job gains also make Bidenomics look a lot better than it did a year ago.
  • The larger point is that despite what grumpy rich men may say, Americans haven’t become lazy. On the contrary, they’re willing, even eager, to take jobs if they’re available. And while economic policy in recent years has been far from perfect, one thing it did do — to the nation’s great benefit — was give work a chance.
Javier E

Yes, Flatten the Curve - WSJ - 0 views

  • The financial markets are in an unrestrained and undisciplined panic. Whenever this happens, whether in 1929 or 2008, an overreaction of economically damaging regulation follows. If that post-panic panic occurs this time, it will turn the sacrifices everyone made fighting the virus into a long-term economic decline. The goal should be to create incentives for the economy to turn upward, not drive it down further with new burdens.
  • it’s hard to be optimistic. Even as medical professionals in hazmat suits focus on mitigating infection, Washington addresses financial panic with its own panic. Treasury Secretary Steven Mnuchin, in concert with House Speaker Nancy Pelosi, wants to throw a trillion dollars into the country. Meanwhile local officials in New York, Los Angeles and San Francisco are talking about releasing prisoners. And this even as an estimated 200,000 mom-and-pop stores in New York have voluntarily closed. Who’s going to release them?
  • Here’s a recovery idea Bernie Sanders won’t like, but what Bernie represents is looking pretty yesterday by now. Before this crisis, the real economy and the people who do real work were strong. When it’s over, every level of government—federal, state and local—should declare a two-year holiday from regulatory costs, such as the minimum wage. Ask any big-city shopkeeper or business owner if that relief wouldn’t help them hire back staff and turn the curve up quickly. Ask the laid-off workers if they’d take that deal.
brickol

Coronavirus deaths in the US could reach peak in three weeks, epidemiologist says - CNN - 0 views

  • A leading epidemiologist advising the US Centers for Disease Control and Prevention has estimated the peak of deaths in the US coronavirus pandemic will be three weeks from now, after which "most of the damage will be done," and says it may be possible to only isolate the vulnerable, allowing many back to work.
  • Longini's suggestion that US deaths could peak in less than a month will have two possible impacts. First, a sudden surge in deaths risks overwhelming health care systems that are currently struggling to prepare for cases needing intensive care. Secondly and conversely, it could support calls -- echoed by President Trump -- to reduce restrictions on movement in the coming weeks.
  • Asked if there could be a risk of a relapse when the virus circulated again in the following weeks, he said: "If it were limited, and we continued to protect the most vulnerable, that may be acceptable for now. Also, let's see what happens in the next two-three weeks. We can also keep an eye on China as they begin to relax restrictions there."
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  • A second expert agreed broadly. Dr. Arnold Monto, a professor of epidemiology at the University of Michigan School of Public Health, said by email: "I agree that by 3 weeks, we will have a better idea of what is going to happen going forward. The outbreaks seem to be hitting different communities at different times and at different intensities, so it is hard to generalize However, I agree in general. And that is why action now in terms of social distancing is so important."
  • Dr. William Schaffner, an infectious disease specialist at Vanderbilt University, said the peak might take three more weeks.
  • He said he was more skeptical about the United States being able to lift restrictions on only part of the population. "Asking a subset to remain sheltered in place, to remain in home, that's more difficult to do," he said by phone.
  • One disease modeler said it was "impossible to predict" when the peak would hit. Dr. Stefan Flasche, a disease modeler at The London School of Hygiene & Tropical Medicine, told CNN by email the peak was influenced by the efficiency of lockdown measures, and "may be anywhere between some time very soon and not for another few months."
  • President Donald Trump has said his desire to lift measures as quickly as possible is motivated by a desire to get the American economy moving again. He has expressed a belief that the economy could experience a "v" shaped, ultra-fast recovery. Yet one economist expressed doubt recovery could be that fast-paced and warned that snapping back in and out of restrictions could cause greater damage.
  • Erin Strumpf, a professor of economics at McGill University, told CNN: "Nothing suggests that we could just 'snap back' to life as it was before. We're taking concrete actions to lower the probability of an uncertain outcome."
yehbru

Opinion: The global economy won't recover if we don't get vaccines to developing countr... - 0 views

  • The International Monetary Fund recently projected global GDP growth at 5.5% this year and 4.2% in 2022
  • As our note to the recent G20 meeting of finance ministers and central bank governors points out, there is a major risk that as advanced economies and a few emerging markets recover faster, most developing countries will languish for years to come.
  • We estimate that, by the end of 2022, cumulative per capita income will be 13% below pre-crisis projections in advanced economies — compared with 18% for low-income countries and 22% for emerging and developing countries, excluding China.
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  • Before the crisis, we forecast that income gaps between advanced economies and 110 emerging and developing countries would narrow between 2020 and 2022. But we now estimate that only 52 economies will be catching up during that period, while 58 are set to fall behind.
  • Last year, advanced economies on average deployed about 24% of GDP in fiscal measures, compared with only 6% in emerging markets and less than 2% in low-income countries
  • Insuring vaccine producers against the downside risks of overproduction may be an option worth considering.
  • Faster progress in ending the health crisis could raise global income cumulatively by $9 trillion between 2020 and 2025. That would benefit all countries, including around $4 trillion for advanced economies — which beats by far any measure of vaccine-related costs.
  • One risk going forward — especially in the face of diverging recoveries — is the potential for market volatility in response to changing financial conditions. Major central banks will need to carefully communicate their monetary policy plans to prevent excess volatility in financial markets, both at home and in the rest of the world.
  • For its part, the IMF has stepped up in an unprecedented manner by providing over $105 billion in new financing to 85 countries and debt service relief for our poorest members. We aim to do even more to support our 190 member countries in 2021 and beyond.
  • The alternative — to leave poorer countries behind — would only entrench abject inequality. Even worse, it would represent a major threat to global economic and social stability. And it would rank as a historic missed opportunity.
rerobinson03

Early Vaccine Doubters Now Show a Willingness to Roll Up Their Sleeves - The New York T... - 0 views

  • No matter how encouraging the news, growing numbers of people said they would refuse to get the shot.
  • But over the past few weeks, as the vaccine went from a hypothetical to a reality, something happened. Fresh surveys show attitudes shifting and a clear majority of Americans now eager to get vaccinated.
  • In polls by Gallup, the Kaiser Family Foundation and the Pew Research Center, the portion of people saying they are now likely or certain to take the vaccine has grown from about 50 percent this summer to more than 60 percent, and in one poll 73 percent — a figure that approaches what some public health experts say would be sufficient for herd immunity.
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  • It found that nearly 75 percent of Americans are now wearing masks when they leave their homes.
  • What changed her mind?“The Biden administration, returning to listening to science and the fantastic stats associated with the vaccines,” she replied.
  • But the grim reality of the pandemic — with more than 200,000 new cases and some 3,000 deaths daily — and the wanness of this holiday season are perhaps among the biggest factors
  • A barrage of feel-good media coverage, including rapt attention given to leading scientists and politicians when they get jabbed and joyous scrums surrounding local health care workers who become the first to be vaccinated, has amplified the excitement, public opinion experts say.
  • The divide between women and men has become pronounced, with women being more hesitant. Black people remain the most skeptical racial group, although their acceptance is inching up: In September, a Pew Research poll said that only 32 percent of Black people were willing to get the vaccine, while the latest poll shows a rise to 42 percent. And though people of all political persuasions are warming to the vaccine, more Republicans than Democrats view the shot suspiciously.
  • A brighter indication, he said, is that two-thirds of the public say they are at least somewhat confident that a coronavirus vaccine will be distributed in a way that is fair, up from 52 percent in September.
  • The most pronounced pockets of resistance include rural residents and people between the ages of 30 and 4
  • Timothy H. Callaghan, a scholar at the Southwest Rural Health Research Center at Texas A&M School of Public Health, said that rural residents tend to be conservative and Republican, characteristics that also show up among the vaccine hesitant
  • . They also include immigrants and day laborers, many of whom do not have college degrees or even high school diplomas and so may be more dismissive of vaccine science.
  • The resistance also springs from their hampered access to health care in remote areas. In addition, the need to take off several hours of work from the inflexible demands of farming for travel and recovery from vaccine side effects makes the shots seem even less compelling, he added.
  • About 35 percent of adults between 30 and 49 over all expressed skepticism about the vaccine, according to the Kaiser poll. Dr. Scott C. Ratzan, whose vaccine surveys in New York with the City University of New York Graduate School of Public Health echo findings similar to the national polls, noted that this group doesn’t keep up on flu shots either. They are well out of the age range for routine vaccines.
  • Another group that has been uncertain about taking the vaccine is health care workers, who typically have high rates of acceptance for established vaccines.
  • But other hospitals say that staff time slots for the vaccine are becoming a hot commodity.
  • For months, Tina Kleinfeldt, a surgical recovery nurse at Long Island Jewish Medical Center, a hospital in the Northwell Health network, had absolutely no intention of getting the vaccine until long after the science and side effects had been established.
  • Then she realized that doses were still so scarce that she might not get another opportunity soon. So she said yes. She became the first nurse on her unit to get the shot.
  • Afterwards , she felt some muscle soreness at the site of injection. But she also felt elated, excited and relieved.
katherineharron

What the loss of RBG means for the economy, Wall Street and Corporate America - CNN - 0 views

  • Just when you thought 2020 couldn't get any more chaotic, the death of Supreme Court Justice Ruth Bader Ginsburg set off a political earthquake that could rattle the fragile economic recovery.
  • At a minimum, the loss of RBG is yet another wild card for investors, CEOs, small business owners and consumers
  • The Supreme Court vacancy is shaking up the previously stable battle for the White House, not to mention control of the US Senate.
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  • We don't see how the parties can reach a stimulus deal in this environment," Jaret Seiberg, policy analyst at the Cowen Washington Research Group, wrote in a note to clients Monday. "Failure to enact the Phase 4 stimulus will damage the recovery."
  • The unexpected death of Supreme Court Justice Ginsburg adds another element of risk to the timing of the [stimulus talks] outcome, and could weigh on the market overall in the near term,"
  • he Dow was down 3%, or around 800 points, during afternoon trading.
  • If -- and this is a big if -- President Donald Trump successfully replaces Ginsburg, it would result in a 6-3 conservative majority in the Supreme Court.
  • "All else equal, it may seem like having a large conservative majority on the court would be positive for business and therefore share prices, because it would reinforce the already antiregulatory and pro-capital tendencies of the Court for the foreseeable future,"
  • Some have argued that the Supreme Court vacancy is a big advantage to Trump because it will fire up his conservative base and, crucially, shift the conservation away from the pandemic.
  • The clearest conclusion we can draw from the Supreme Court vacancy is that it adds yet one more question mark to a year marked by deep uncertainty. And the year isn't over yet.
katherineharron

Trump update spurs more questions than answers, again - CNNPolitics - 0 views

  • President Donald Trump's physician, Navy Cmdr Dr. Sean Conley, held a second medical briefing that again raised more questions than answers about the President's condition.
  • Trump's doctors said that even though the President has had at least two concerning drops in oxygen levels, they are hoping he could be discharged as early as tomorrow from Walter Reed National Military Medical Center.
  • Conley failed to answer basic questions about the President's condition and admitted that he had omitted those alarming drops in the President's oxygen levels during a news conference Saturday because he wanted to "reflect the upbeat attitude"
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  • Conley acknowledged that his evasive answers "came off that we were trying to hide something" but said that "wasn't necessarily true,"
  • Conley acknowledged that the President has experienced "two episodes of transient drops in his oxygen saturation"
  • When asked if they had dropped below 90, he replied, "We don't have any recordings here of that." Pressed again on whether they had dropped below 90, Conley said the President's blood oxygen levels didn't get down into "the low 80s."
  • "There's some expected findings, but nothing of any major clinical concern," Conley said, not explaining whether they were expected findings in a normal patient or a Covid-19 patient.
  • Some seven months into a pandemic that has killed more than 209,000 Americans, the nation is now facing a grave governing crisis with its commander in chief hospitalized
  • Late Saturday night, the public learned new details about why Trump was airlifted to the hospital Friday, when chief of staff Mark Meadows said during an interview with Fox News that Trump had a fever on Friday morning and his oxygen level had "dropped rapidly." Meadows added that Trump has made "unbelievable improvements from yesterday morning."
  • "made substantial progress" since his diagnosis but "is not yet out of the woods."
  • Speaking from a White House that already has a huge credibility problem with the public, Meadows' statement capped a 24-hour period that served as a master class in opacity and contradiction that raised major questions about the President's health
  • Trump has been watching and critiquing coverage of his hospitalization from the presidential suite at Walter Reed
  • Those people told CNN that Trump seemed particularly upset when he saw a quote saying he was displaying "concerning" symptoms on Friday
  • The President's construct crumbled Friday when he was airlifted to Walter Reed after contracting the virus,
  • The White House seemed to be continuing to downplay concerns about the severity of the virus Saturday morning when the President's physician, Navy Cmdr. Dr. Sean Conley, gave a news conference at Walter Reed where he described the President as upbeat and feeling good, without revealing any of the alarming developments with his oxygen levels the day before.
  • Many of the Trump aides or contacts who have recently tested positive for Covid-19 attended the White House festivities honoring Supreme Court nominee Amy Coney Barrett on September 26, in the Rose Garden.
  • It "seems highly likely this originated at the SCOTUS announcement last week," a senior administration official told CNN's Jake Tapper of the outbreak among GOP officials. "It may have come from the Hill. The next major concern will be securing Capitol Hill and protecting lawmakers," the official added.
  • The President said he was "starting to feel good" and that he was receiving therapeutics he said are like "miracles coming down from God."
  • "I had to be out front and this is America, this is the United States, this is the greatest country in the world, this is the most powerful country in the world," Trump continued in the video. "I can't be locked up in a room upstairs and totally safe, and just say, hey whatever happens, happens. I can't do that."
  • The President tweeted that he had tested positive for coronavirus around 1 a.m. ET Friday, hours after attending a Thursday night fundraiser in Bedminster, New Jersey, where he met with a small group of donors indoors with no masks, before addressing a larger crowd outdoors. Trump got his first positive coronavirus test result Thursday after returning from that trip, a White House official said Saturday evening.
  • He declined to say whether medical tests had revealed any damage to the President's lungs.
  • Conley said Trump had been fever-free for 24 hours and had experienced an "extremely mild cough," nasal congestion and fatigue.
  • "The President's vitals over the last 24 hours were very concerning and the next 48 hours will be critical in terms of his care. We are still not on a clear path to a full recovery," the source later identified as Meadows told pool reporters.
  • Once Trump was at Walter Reed, doctors initiated the antiviral drug remdesivir. He is receiving a five-day course of the drug, which has been shown to shorten recovery time for some coronavirus patients.
Javier E

Czech Singer Dies After Celebrating Her Own Covid Infection - The New York Times - 0 views

  • Ms. Horka refused to get vaccinated and rejoiced once her husband and her son, both vaccinated, contracted Covid over the Christmas holiday.
  • She was ill for a couple of days but then appeared to be recovering.
  • In a Facebook post, she celebrated her apparent recovery and naturally acquired immunity, saying she looked forward to “sauna, swimming, cultural life” — all denied to her under virus regulations because of her refusal to be vaccinated, but potentially available once she could present proof of recovery from infection.
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  • Two days later, her condition swiftly declined and she died.
  • The only warning the family had that something was wrong, her son said, was her complaining about an aching back.
  • “We rubbed it with an ointment, and she went to rest for a little while,” he told the Czech news media, adding that she had died within minutes. “This is how fast it was.”
Javier E

Opinion | The Meaning of an Awesome Employment Report - The New York Times - 0 views

  • Americans, they said, just don’t want to work. Socialism has made them lazy. They’d rather play video games. They don’t have the skills required by a 21st-century economy. High unemployment is “structural” and can’t be solved with monetary and fiscal stimulus.
  • none of them were true
  • the speed and extent of America’s recovery from the pandemic shock have been incredible.
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  • After the 2008 financial crisis, it took 12 years for employment rates to get back to pre-crisis levels. But only three years after Covid struck, employment is fully back for almost every age and demographic group.
  • At this point the employed percentage of adults is at or above early 2020 levels for every age group except those 70 or older.
  • The overall unemployment rate is only 3.5 percent; we haven’t had that spirit here since 1969. Black unemployment is at a record low. There’s good news everywhere you look.
  • So whaddya know: Provide enough job opportunities, and lazy video-game-playing Americans will take those jobs and, apparently, demonstrate enough skill that employers want to keep them.
  • Full employment also turns out to be a powerful force for equality, on multiple dimensions. The gap between Black and white unemployment is now a fifth of what it was when Ronald Reagan proclaimed “morning in America.” A tight labor market has led to big gains for low-wage workers, sharply reducing overall wage inequality.
  • The big question now is whether the good news on jobs is somehow a mirage, based on an unsustainably hot labor market that will have to cool off drastically to contain inflation.
  • what does the current data say? To some extent the answer is, whatever you want to hear.
  • maybe the important point is that almost every measure of inflationary pressure I’m aware of has improved substantially over the past year, with no increase in the unemployment rate
  • there’s good reason to believe that we can sustain the incredibly good job market we have right now, even while getting inflation under control. And it will be a real tragedy if exaggerated fear of inflation causes the Federal Reserve to push interest rates too high for too long, leading to a gratuitous recession that throws away many of the gains we’ve made.
  • Republicans keep insisting President Biden’s policies have been an economic disaster, and that even the mainstream news media has tended to emphasize inflation — which has been a nasty shock, even though it may be subsiding — rather than job gains.
  • So it does seem worth pointing out that at this point Biden is presiding over the best job market America has seen in a generation — specifically since the boom of the late Clinton years. And that, as Biden himself might (almost) say, is a big something deal.
Javier E

Coronavirus: The Case for Canceling Everything - The Atlantic - 0 views

  • the news from Italy, another country with a highly developed medical system, has so far been shockingly bad. In the affluent region of Lombardy, for example, there have been 7,375 confirmed cases of the virus as of Sunday. Of these patients, 622 had recovered, 366 had died, and the majority were still sick. Even under the highly implausible assumption that all of the still-sick make a full recovery, this would suggest a case fatality rate of 5 percent—significantly higher, not lower, than in China.
  • only one measure has been effective against the coronavirus: extreme social distancing.
  • In Singapore, for example, the government quickly canceled public events and installed medical stations to measure the body temperature of passersby while private companies handed out free hand sanitizer. As a result, the number of cases has grown much more slowly than in nearby countries.
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  • anyone in a position of power or authority, instead of downplaying the dangers of the coronavirus, should ask people to stay away from public places, cancel big gatherings, and restrict most forms of nonessential travel.
  • the federal government should also take some additional steps to improve public health. It should take on the costs of medical treatment for the coronavirus, grant paid sick leave to stricken workers, promise not to deport undocumented immigrants who seek medical help, and invest in a rapid expansion of ICU facilities.
Javier E

10,000 UK coronavirus deaths: don't forget that this was preventable | Nesrine Malik | ... - 0 views

  • The UK is now surpassing the apocalyptic tolls we fixated on just two weeks ago. The same tragedies are unfolding across our country
  • Questions over his responsibility for the national carnage – his complacent messaging over shaking hands with the afflicted, his delay in shutting down the country, his “herd immunity” policy, the ongoing lack of testing, of equipment and of ventilators – were not asked.
  • Not only did the UK have the experience of Italy play out before the virus hit its own shores, illustrating clearly the measures that needed to be taken, it had explicit warnings from Italians spelling out the pitfalls to be avoided.
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  • Every report showing the scale of the crisis should be framed in the language of accountability and anchored in the premise of preventability.
  • With all the benefits of hindsight, the government dragged its feet, wasted precious time and infused the issue with a sense of British exceptionalism: drastic measures need not be taken because in the UK things will somehow be different.
  • Johnson’s illness was folded into a larger, editorialised narrative about his martyrdom and indefatigability, turning his sickness and recovery into a virtue of character
  • But the sense of distress with which the Italian scenario was reported and received in the UK is strangely absent. Missing too is the urgent need to understand why this is happening.
  • The terminology of war did much of the work. The virus was framed in the context of an enemy to be fought in the trenches, rather than a series of public health policy failures
  • The Queen’s message, a call for noble resolve, further generalised the crisis into an act of God that we must weather by mobilising the powers of the British national character. It’s now a matter of grit, of reaching into our reserves to see us through until we meet again.
  • Despite the extent of the crisis, many doctors and nurses fear speaking on the record
  • I have received WhatsApp messages from NHS staff too afraid even to email them in case the paper trail leads to disciplinary action – detailing horrors of an NHS stretched thin, of ill-protected staff doing 36-hour shifts. They will be clapped every week, as the government claims to champion the NHS, yet gagged if they dare raise concerns
  • . It’s hard, as we lock down, to nurture an outrage that is based on decisions in the past when the loss of life is happening today – more so when the government has stealthily removed itself from the picture and shifted the responsibility entirely on to the public, responding to any concerns by robotically repeating the mantra: “Stay home, protect the NHS, save lives”
  • Relocate the pain and recall that this need not have happened. Ten thousand people, in UK hospitals alone, have now died.
Javier E

This is how South Korea flattened its coronavirus curve - 0 views

  • This is how South Korea flattened its coronavirus curveSouth Korea's COVID-19 infection rates have been falling for two weeks thanks to a rigorous testing regime and clear public information.
  • Streetman, who works as a marketing manager at a gaming company in Seoul, received his negative results in less than 24 hours and is now one of more than 327,000 people out of the country's 51 million-strong population to have been tested for the coronavirus in South Korea since the country confirmed its first case Jan. 21.The U.S., which confirmed its first case the same day, is suffering from the repercussions of a weeks-late start in obtaining test kits
  • Here's what we can learn from South Korea.
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  • Early testing, detection, preventionNews that China had reported its first case of the coronavirus was enough reason for South Korean leaders and medical staff to brace themselves for the worst.
  • Acting fast was the most important decision South Korea made,"
  • Sites like Corona Map generate real-time updates about where current patients are located and inform proactive Koreans focused on protecting themselves.
  • By early February, the first test had been approved
  • "Among Shincheonji members, there were many 20- and 30-year-olds who were infected. Many of them may have never even known they were carrying the virus and recovered easily while silently infecting those around them," Hwang said. "Early testing is why Korea hasn't reached its breaking point yet.
  • Under South Korea's single-payer health care system, getting tested costs $134. But with a doctor's referral or for those who've made contact with an infected person, testing is free. Even undocumented foreigners are urged to get tested and won't face threats due to their status.
  • South Korean leaders have amped up efficiency for overwhelmed hospitals by digitally monitoring lower-risk patients under quarantine, as well as keeping close tabs on visiting travelers who are required to enter their symptoms into an app.
  • Active collaboration among central and regional government officials and medical staff took place before cases began piling up, enabling South Korea's current testing capacity of 20,000 people a day at 633 sites, including drive-thru centers and even phone booths.
  • That people are willing to forgo privacy rights and allow the publication of sensitive information underlines the willingness to pay the digital cost of state surveillance in the name of public safety,
  • 78.5 percent of respondents agreed that they would sacrifice the protection of their privacy rights to help prevent a national epidemic.
  • 97.6 percent responded that they at least sometimes wear a mask when they are outside, 63.6 percent of whom said they always wear one.
  • "Wearing masks or self-monitoring alone isn't foolproof to people in Korea, but taking part in these practices as a group is believed to have an impact,"
  • "This says that your individual choices may not have immediate benefit to you as an individual but will benefit the herd — that it doesn't work unless everybody is in the game."
  • Despite its apparently swift recovery from the coronavirus, South Korea may only be entering the beginning stages of what experts suspect may be a long ride ahead
  • bout 80 percent of COVID-19 cases can be categorized as mass infections. A call center in southwestern Seoul was at the center of a local outbreak this month that generated more than 156 infections. About 90 cases were traced to a Zumba class.
  • local infection clusters are emerging every day in churches, hospitals and other mundane spaces."
  • outh Korea has already started new testing on all arrivals from Europe, according to local news reports, preparing for a "second wave" of imported clusters. Even those who test negative are required to self-quarantine for 14 days
andrespardo

Earth Day 2020 could mark the year we stop taking the planet for granted | Environment ... - 0 views

  • oil spill off the coast of California. Half a century later, this annual day unites millions across the globe, drawing attention to the huge challenges facing our planet.
  • Now more than ever, Earth Day offers an opportunity for us all to reflect upon our relationship with the planet, amid the most powerful possible message that nature can surprise us at any moment, with devastating consequences for pretty much every individual. It is a time when the health of the planet and its people has never been so important.
  • There was much talk of nature as the bridge between the biodiversity and climate crises, of nature-based solutions such as forestation, peatland restoration and the protection of mangroves as the answers to some of the challenges we face today, and of natural capital supporting sustainable development and human wellbeing.
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  • Some improvements in pollution levels have been seen in countries with restricted movements of people and the shutdown of factories and businesses. Will we be able to balance our need for these to reopen and our desire to travel while reducing the footprint of these kinds of activities?
  • We are in an age of extinction and at the point where irreversible environmental damage could be wrought. Despite changed plans, we cannot afford to lose pace nor focus. The challenge of the biodiversity and climate crises will still be there when the Covid-19 restrictions are lifted; the ambition of
  • but we should not let the momentum of what had been hailed as a “super year” for the environment be lost.
  • A poster to mark the first Earth Day featured the quote: “We have met the enemy and he is us.” Fifty years on, will this be the year we collectively stop taking the planet for granted, degrading and exploiting its resources? Will we now, also, realise how vulnerable a species we actually are?
  • At the end of the year, we will still have a decade to deliver the sustainable development goals, and the biodiversity and climate change COPs – along with other key international meetings – will be rescheduled.
  • Crucially, a window of opportunity is opening to ensure that economic recovery plans that countries adopt as they emerge from this crisis are steadfastly “green”. Long-term investment and sustainable economic growth plans should drive climate projects and environmental change. We need nature more than ever, as a solution, as a resource, for respite and for life on Earth.
  • Looking ahead, there are opportunities emerging from this pandemic which, if seized, could set the path for a more fruitful 2021 “super year”. We must cease being the enemy of nature, and instead become its friend.
Javier E

Opinion | Crashing Economy, Rising Stocks: What's Going On? - The New York Times - 0 views

  • t stock prices, which fell in the first few weeks of the Covid-19 crisis, have made up much of those losses. They’re currently more or less back to where they were last fall, when all the talk was about how well the economy was doing. What’s going on?
  • the relationship between stock performance — largely driven by the oscillation between greed and fear — and real economic growth has always been somewhere between loose and nonexistent
  • Investors are buying stocks in part because they have nowhere else to go. In fact, there’s a sense in which stocks are strong precisely because the economy as a whole is so weak.
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  • What, after all, is the main alternative to investing in stocks? Buying bonds. Yet these days bonds offer incredibly low returns. The interest rate on 10-year U.S. government bonds is only 0.6 percent
  • So buying stock in companies that are still profitable despite the Covid-19 recession looks pretty attractive.
  • And why are interest rates so low? Because the bond market expects the economy to be depressed for years to come, and believes that the Federal Reserve will continue pursuing easy-money policies for the foreseeable future
  • for a few weeks in March the world teetered on the edge of a 2008-type financial crisis, which caused investors to flee everything with the slightest hint of risk.
  • That crisis was, however, averted thanks to extremely aggressive actions by the Fed, which stepped in to buy an unprecedented volume and range of assets.
  • But back to the disconnect between stocks and economic reality. It turns out that this is a long-term phenomenon, dating back at least to the mid-2000s.
  • Think about all the negative things we’ve learned about the modern economy since, say, 2007. We’ve learned that advanced economies are much less stable, much more subject to periodic crises, than almost anyone believed possible.
  • Productivity growth has slumped, showing that the information technology-fueled boom of the 1990s and early 2000s was a one-shot affair. Overall economic performance has been much worse than most observers expected around 15 years ago.
  • Stocks, however, have done very well. On the eve of the Covid crisis, the ratio of market capitalization to G.D.P. — Warren Buffett’s favorite measure — was well above its 2007 level, and a bit higher than its peak during the dot-com bubble. Why?
  • The main answer, surely, is to consider the alternative. While employment eventually recovered from the Great Recession, that recovery was achieved only thanks to historically low interest rates. The need for low rates was an indication of underlying economic weakness: businesses seemed reluctant to invest despite high profits, often preferring to buy back their own stock. But low rates were good for stock prices.
  • None of this should be taken as a statement that current market valuations are exactly right. My gut sense is that investors are too eager to seize on good news; but the truth is that I have no idea where the market is headed.
  • The point, instead, is that the market’s resilience does, in fact, make some sense despite the terrible economic new
andrespardo

First Thing: The climate can't take a return to 'business as usual' | US news | The Gua... - 0 views

  • The climate can't take a return to 'business as usual'
  • Mayors from 33 leading global cities have published a ‘statement of principles’ for a climate-friendly post-Covid world. Plus, why 2020 feels a lot like 1945
  • Can the world really return to “business as usual” after the coronavirus lockdowns – and even if it can, does that mean it should? Mayors representing 33 cities that are home to more than 750 million people have signed a “statement of principles”, published on Thursday, which commits their communities to a more climate-friendly and less unequal future.
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  • The New York mayor, Bill de Blasio, a member of the newly formed C40 economic taskforce of city leaders from across the US, Europe and Africa, said it was crucial to map out a low-carbon, sustainable recovery from the crisis:
  • Half-measures that maintain the status quo won’t move the needle or protect us from the next crisis. We need a new deal for these times – a massive transformation that rebuilds lives, promotes equality and prevents the next economic, health or climate crisis.
  • deaths are the price for reopening the economy
  • At least one person is impatient for a return to business as usual, and that’s Donald Trump, who has again suggested that a growing coronavirus death toll is simply the price that must be paid for reopening the economy. “We have to be warriors,” he told Fox News. “We can’t keep our country closed down for years.” As infections continue to mount around the US, public health experts said the president’s desire to end the lockdown prematurely represented a “death sentence” for many Americans.
  • Nevertheless, Trump seems to have reversed his plan to disband the White House coronavirus taskforce, saying the group would remain in place indefinitely, but with a switch in focus and some changes in personnel.
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