Mar 242020
 


James Proudfoot Sun on a House, Dieppe 1937

 

 

Famous last words?!

“I would love to have it open by Easter,” Trump said in an interview Tuesday with Fox News. “I would love to have it opened up and just raring to go by Easter.” “A lot of people agree with me. Our country is not built to built to shut down. Our people are full of vim and vigor and energy. They don’t want to be locked into a house or an apartment, it’s not for our country”

Note that Trump covered himself by framing it as “I would love to…” Still, Easter is April 12, 19 days from now. I think the US is highly unlikely to even have reached its peak in infections by then, and the country will be awash in misery, sickness, death and heartbreaking stories, not uplifting ones of a roaring economy.

The US death toll is still very low compared to its active cases, but that is because the epidemic in the country is relatively new, and there are still hospital beds and ventilators available. Those days will soon be over, try the end of next week if not sooner, and the death toll will be going going gone out of there.

And remember, half of all US corona cases are still in New York State alone. There are 49 other states to go, that just about all still have open borders with each other. New York today, New Jersey, Pennsylvania, Connecticut etc. tomorrow.

If Governor Andrew Cuomo was not exaggerating too much earlier today when he said he asked FEMA for 30,000 ventilators and got only 400, the ominous path forward is beginning to look like a very eery version of a Yellow Brick Road to nowhere, with the Wizard sipping banana daiquiries on his private yacht in the Caribbean.

Our friend Mike Mish Shedlock did a bit of math on Sunday with data from the Covid Tracking Project, and came up with this:

How Long to 1 Million US Cases?

Inquiring minds are investigating a relatively new data feed from the Covid Tracking Project. I plot four data series for the US: Negative tests, positive tests, hospitalized, and deaths. Arguably, hospitalizations are the most significant column but the project only has two days worth of data. Once I have another dfats point or two, I will plot a trendline manually.


Trendlines At the current pace, the number of positive coronavirus cases would hit 100,000 on March 26, and 1,000,000 on April 3. At the current pace, the number of coronavirus deaths would hit 1,000 on March 26, and 10,000 on April 5. Those are not my projections, those are observations of what would happen if the current trends last that long at the same pace.

At that point, the US had 32,000 cases. On Monday that had become 42,000. As I write this, it’s 52,000 and the day is far from over. And remember what I said yesterday, that on March 8, just 16 days ago, the US reported 409 cases.

When I posted Mish’s numbers, I questioned his prediction of 100,000 cases by Thursday, but that’s really just details. If not Thursday, it will be Friday. Yes, that’s a doubling in 2 or 3 days. Early next week, if not his weekend, it’ll be 200,000. And so on. Mish says 1 million in 10 days from now. I see no reason to doubt him.

Either tomorrow or Thursday, March 25 or 26, the US will overtake China for the no. 1 global position in total cases -which is some 81,000 now-. With very flawed to non-existent testing procedures, with ongoing endless political bickering, and with a looming huge shortage in hospital beds and ventilators; this is beginning to look like a very bad movie.

By Easter, much of US industrial production in many parts of the country will have to be shut down, the same way China’s was -and still is-, and Italy’s is. You can’t successfully run a factory -or an office for that matter-, if your employees get sick, stay home, end up in hospital or worse. Even in the US, one single case should be enough to close the entire facility down.

The victim will have to be quarantined, as must his/her entire family, everyone (s)he worked with must be tested, and so on. It works like that everywhere, and the US is no exception. It can’t be, the risk is too high.

Brace yourself. Don’t take my word for anything, look at the numbers and draw your own conclusions. My idea is Easter is going to be different from usual this year.

 

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Mar 232020
 


Harris&Ewing House-Capitol tunnel (may get moving walk), Washington, DC 1939

 

How Long to 1 Million US Cases? (Mish)
Nobel Laureate Predicts A Quicker Coronavirus Recovery (LAT)
Canadian Doctor Rigs Ventilator to Treat 9 Patients Instead of One (IE)
Coronavirus May Have Existed In Italy Since November: Local Researcher (CGTN)
The Epicenter of the COVID-19 Pandemic and Humanitarian Crises in Italy (NEJM)
The Government Budget Deficit Is About To Explode (CNBC)
Senate Democrats Block Mammoth Coronavirus Stimulus Package (Hill)
Blame Game Heats Up As Senate Motion Fails (Hill)
Total Cost of Her COVID-19 Treatment: $34,927.43 (Time)
Coronavirus Reveals Financial Irresponsibility Of Americans (Hill)
Preventing COVID-19 From Infecting the Commercial Mortgage Market (Barrack)
Singapore Airlines Slashes 96% Of Capacity, Grounds Most Planes (CNA)
China’s Housing Bubble Bursts (ZH)
New Zealand To Go Into Month-Long Lockdown (G.)

 

 

Cases 345,292 (+ 33,496 from yesterday’s 311,796)

Deaths 14,925 (+ 1,854 from yesterday’s 13,071)

 

 

Haven’t shown these two graphs from Worldometer in a while. Obvious enough?!

 

 

 

From Worldometer yesterday evening (before their day’s close)

One look at the US suffices:

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 13% !! –

 

 

From SCMP: (SCMP appears to have given up on timely updating)

 

 

From COVID2019Live.info:

 

 

From COVID2019.app:

 

 

Reported US coronavirus cases via @CNN:

3/1: 89
3/2: 105
3/3: 125
3/4: 159
3/5: 227
3/6: 331
3/7: 444
3/8: 564
3/9: 728
3/10: 1,000
3/11: 1,267
3/12: 1,645
3/13: 2,204
3/14: 2,826
3/15: 3,505
3/16: 4,466
3/17: 6,135
3/18: 8,760
3/19: 13,229
3/20: 18,763
3/21: 25,740
Now: 35,070

Note: unlike many other nations, US numbers are updated several times a day.
Note 2: about half of US cases are in New York State. It it were a country, it would be in 7th place in the world.

 

 

The US would have to pass China in total infections by Thursday, 35,000 vs 81,000 now. Almost tripling in 3 days. I don’t know, and I’m not the biggest optimist around here.

How Long to 1 Million US Cases? (Mish)

Inquiring minds are investigating a relatively new data feed from the Covid Tracking Project. I plot four data series for the US: Negative tests, positive tests, hospitalized, and deaths. Arguably, hospitalizations are the most significant column but the project only has two days worth of data. Once I have another dfats point or two, I will plot a trendline manually.


Trendlines At the current pace, the number of positive coronavirus cases would hit 100,000 on March 26, and 1,000,000 on April 3. At the current pace, the number of coronavirus deaths would hit 1,000 on March 26, and 10,000 on April 5. Those are not my projections, those are observations of what would happen if the current trends last that long at the same pace.

Read more …

Your good news of the day. Based on new deaths levelling off.

Nobel Laureate Predicts A Quicker Coronavirus Recovery (LAT)

Michael Levitt, a Nobel laureate and Stanford biophysicist, began analyzing the number of COVID-19 cases worldwide in January and correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted. Now he foresees a similar outcome in the United States and the rest of the world. While many epidemiologists are warning of months, or even years, of massive social disruption and millions of deaths, Levitt says the data simply don’t support such a dire scenario — especially in areas where reasonable social distancing measures are in place. “What we need is to control the panic,” he said. In the grand scheme, “we’re going to be fine.”

Here’s what Levitt noticed in China: On Jan. 31, the country had 46 new deaths due to the novel coronavirus, compared with 42 new deaths the day before. Although the number of daily deaths had increased, the rate of that increase had begun to ease off. Essentially, although the car was still speeding up, it was not accelerating as rapidly as before. “This suggests that the rate of increase in number of the deaths will slow down even more over the next week,” Levitt wrote in a report he sent to friends Feb. 1 that was widely shared on Chinese social media. And soon, he predicted, the number of deaths would be decreasing every day.

Three weeks later, Levitt told the China Daily News that the virus’ rate of growth had peaked. He predicted that the total number of confirmed COVID-19 cases in China would end up around 80,000, with about 3,250 deaths. This forecast turned out to be remarkably accurate: As of March 16, China had counted a total of 80,298 cases and 3,245 deaths — in a nation of nearly 1.4 billion people where roughly 10 million die every year. The number of newly diagnosed patients has dropped to around 25 a day, with no cases of community spread reported since Wednesday. Now Levitt, who received the 2013 Nobel Prize in chemistry for developing complex models of chemical systems, is seeing similar turning points in other nations, even ones that did not instill the draconian isolation measures that China did.

He analyzed 78 countries with more than 50 reported cases of COVID-19 every day and sees “signs of recovery.” He’s not looking at cumulative cases, but the number of new cases every day — and the percentage growth in that number from one day to the next. [..] Based on the experience of the Diamond Princess, he estimates that being exposed to the new coronavirus doubles a person’s risk of dying in the next two months. However, most people have an extremely low risk of death in a two-month period, and that risk remains extremely low even when doubled.

Read more …

More good news. He can do it in 10 minutes.

Canadian Doctor Rigs Ventilator to Treat 9 Patients Instead of One (IE)

As hospitals scramble to secure more ventilators, some doctors are getting creative in order to help their patients. Such is the case with Canadian doctor Dr. Alain Gauthier, an anesthetist at the Perth and Smiths Falls District Hospital in Ontario. Gauthier, who has a Ph.D. in respiratory mechanics, turned one hospital ventilator into a machine that can serve nine clients using do-it-yourself mechanics. The process was so brilliant that some have even called him an “evil genius.” Gauthier was inspired by YouTube videos created by two Detroit doctors in 2006, according to CBC News. He said he created a complex ventilator to offer people the best chance at survival. “At one point we may not have other options,” Gauthier told CBC News. “The option could be well, we let people die or we give that a chance.”

Read more …

I would lend much more credence to this if it didn’t come from the state-run China Global Television Network. It feels like they want to plant the narrative out there that it didn’t start in China at all.

Coronavirus May Have Existed In Italy Since November: Local Researcher (CGTN)

As COVID-19 spreads across the world, many are interested in the origin of the virus behind this deadly disease. Fingers have been pointed at China, the U.S. and other places. Recently, a pharmacological researcher provided another possible lead to National Public Radio (NPR), a U.S. media outlet. Dr. Giuseppe Remuzzi, director of the Mario Negri Institute for Pharmacological Research in Italy, said he heard from general practitioners in the country’s Lombardy region that “they remember having seen very strange pneumonia, very severe, particularly in old people in December and even November.” “This means that the virus was circulating, at least in [the northern region of Lombardy and before we were aware of this outbreak occurring in China,” he told NPR.

Though Dr. Remuzzi originally used these words to answer a different question – why Italy acted later than expected on COVID-19 – NPR singled out this particular information in a tweet because it may relate to the origin of the novel coronavirus. China’s CCTV did the same thing by putting it on the headline of their report, though Dr. Remuzzi’s latest research mainly concerns how dire the situation is for Italy rather than the origin of the disease. What’s more interesting is that the English-language comments under the NPR tweet seem to completely differ from the Chinese-language ones under the CCTV Weibo. Many English comments suspect that China hid the situation from the world for a long time and that’s why similar symptoms showed up in Italy before the outbreak.

“China lied, people died” was most liked comment under NPR’s tweet. “So the Chinese government covered it up for even longer than we thought,” another comment said. A lot of Chinese comments, on the other hand, concluded that the virus originated in the U.S., so both China and Italy are victims. “Go to Trump for answers,” said a Weibo comment with more than 2,500 likes. “COVID-19 is a U.S. virus,” said another comment.

Read more …

When hospitals become super-spreaders. All it takes is enough sick people.

“Lombardy’s health care workers have been badly hit w/ infections–the differences with other regions are staggering. A recent paper by local docs argues that hospitals might be a key source of transmission there.”

The Epicenter of the COVID-19 Pandemic and Humanitarian Crises in Italy (NEJM)

In a pandemic, patient-centered care is inadequate and must be replaced by community-centered care. Solutions for Covid-19 are required for the entire population, not only for hospitals. The catastrophe unfolding in wealthy Lombardy could happen anywhere. Clinicians at a hospital at the epicenter call for a long-term plan for the next pandemic. We work at the Papa Giovanni XXIII Hospital in Bergamo, a brand-new state-of-the-art facility with 48 intensive-care beds. Despite being a relatively small city, this is the epicenter of the Italian epidemic, listing 4,305 cases at this moment — more than Milan or anywhere else in the country. Lombardy is one of the richest and most densely populated regions in Europe and is now the most severely affected one. The WHO reported 74,346 laboratory-confirmed cases in Europe on March 18 — 35,713 of them in Italy.


Our own hospital is highly contaminated, and we are far beyond the tipping point: 300 beds out of 900 are occupied by Covid-19 patients. Fully 70% of ICU beds in our hospital are reserved for critically ill Covid-19 patients with a reasonable chance to survive. The situation here is dismal as we operate well below our normal standard of care. Wait times for an intensive care bed are hours long. Older patients are not being resuscitated and die alone without appropriate palliative care, while the family is notified over the phone, often by a well-intentioned, exhausted, and emotionally depleted physician with no prior contact. But the situation in the surrounding area is even worse. Most hospitals are overcrowded, nearing collapse while medications, mechanical ventilators, oxygen, and personal protective equipment are not available.

Patients lay on floor mattresses. The health care system struggles to deliver regular services — even pregnancy care and child delivery — while cemeteries are overwhelmed, which will create another public health problem. In hospitals, health care workers and ancillary staff are alone, trying to keep the system operational. Outside the hospitals, communities are neglected, vaccination programs are on standby, and the situation in prisons is becoming explosive with no social distancing. We have been in quarantine since March 10. Unfortunately, the outside world seems unaware that in Bergamo, this outbreak is out of control.


Western health care systems have been built around the concept of patient-centered care, but an epidemic requires a change of perspective toward a concept of community-centered care. What we are painfully learning is that we need experts in public health and epidemics, yet this has not been the focus of decision makers at the national, regional, and hospital levels. We lack expertise on epidemic conditions, guiding us to adopt special measures to reduce epidemiologically negative behaviors. For example, we are learning that hospitals might be the main Covid-19 carriers, as they are rapidly populated by infected patients, facilitating transmission to uninfected patients. Patients are transported by our regional system,1 which also contributes to spreading the disease as its ambulances and personnel rapidly become vectors. Health workers are asymptomatic carriers or sick without surveillance; some might die, including young people, which increases the stress of those on the front line.

Read more …

“It’s truly a bridge to the other side of an act of God…”

The Government Budget Deficit Is About To Explode (CNBC)

Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good old days, once Congress and the White House finish up the coronavirus rescue package expected to be approved in the next few days. Estimates of just how big the final bill would be vary, but it’s assured that it will be a historic moment for sheer fiscal force being exerted at a time of economic duress. Administration statements over the past few days point to something on the order of $2 trillion in economic juice. By contrast, then-President Barack Obama ushered an $831 billion package through during the financial crisis.

That type of fiscal burden comes as the government already has chalked up $624.5 billion in red ink through just the first five months of the fiscal year, which started in October. That spending pace extrapolated through the full fiscal year would lead to a $1.5 trillion deficit, and that’s aside from any of the spending to combat the coronavirus. Already, the national debt stands at more than $23.5 trillion and will be on track to eclipse $25 trillion. Taxpayers shelled out $574.6 billion in fiscal 2019 on interest payments for the debt and another $229.1 billion in fiscal 2020. In short, the shock from the COVID-19 spread will blow a fiscal hole through Washington, D.C., that could take years if not decades to patch.

Hand-wringing over what this will all do to the debt and deficit situation, however, will have to wait for another day. In times of crisis, there is little patience for fiscal austerity, only a sense of urgency that while government spending can’t stop the virus from spreading, it can mitigate what will be profound economic damage. “It’s truly a bridge to the other side of an act of God,” economist Paul McCulley told CNBC.com. “We’ll deal down the road with the impacts on so many fronts of society with the whole thing. Right now, worrying about fiscal incontinence is the exact opposite of where we should be. We should have fiscal robustness implemented through effectively a joint venture between fiscal and monetary policy.”

Read more …

Romney to Senate Dems: “Keep this up a little longer and we will go from social distancing to social destruction.”

Senate Democrats Block Mammoth Coronavirus Stimulus Package (Hill)

Senate Democrats on Sunday blocked a coronavirus stimulus package from moving forward as talks on several key provisions remain stalled. Senators voted 47-47 on advancing a “shell” bill, a placeholder that the text of the stimulus legislation would have been swapped into, falling short of the three-fifths threshold needed to advance the proposal. Hopes of a quick stimulus deal quickly unraveled on Sunday as the four congressional leaders and Treasury Secretary Steven Mnuchin failed to break the impasse. Senate Majority Leader Mitch McConnell (R-Ky.) also delayed the procedural vote for three hours as they tried to get a deal. Democratic senators argue that the GOP bill includes several “non-starters” and walks back areas of agreement, such as expanding unemployment insurance, they thought they had reached with Republicans.

They emerged from a closed-door lunch fuming over the bill circulated by Republicans and called for McConnell to hold off on the 3 p.m. cloture vote. “We are pleading with McConnell not to call this vote,” Sen. Dick Durbin (Ill.), the No. 2 Senate Democrat, said after the lunch. “It’s a serious mistake. We have not negotiated this to the point of agreement yet.” Sen. Doug Jones (D-Ala.), who is up for reelection in a deeply red state, said that the Senate needed to be “as unified as possible.” “We don’t need split votes,” he said. Sen. Ed Markey (D-Mass.) added that the proposal put forward by Republicans was “totally inadequate.” That resulted in McConnell delaying the vote to 6 p.m.

Read more …

I vote against all politicians.

Blame Game Heats Up As Senate Motion Fails (Hill)

The finger-pointing on Capitol Hill reached a fever pitch Sunday evening, as both sides rushed to blame the other after a Senate motion to move a mammoth coronavirus relief bill failed on the chamber floor. Senate Majority Leader Mitch McConnell (R-Ky.) quickly took to the floor to hammer Democratic leaders, particularly Speaker Nancy Pelosi (D-Calif.), for what he characterized as petty obstruction that ignores the urgency of the crisis. “We were doing a good job of coming together until this morning, when the Speaker showed up — we don’t have a Speaker in the Senate, that’s in the House — and when the leader [Sen. Charles Schumer (D-N.Y.)] and the speaker came in [they] blew everything up,” an agitated McConnell, his face flushed, said walking off the Senate floor.

Democrats quickly countered with accusations that it was McConnell who had abandoned the negotiations the night before, when the Senate leader announced that Republicans would begin drafting the massive stimulus package before Democrats had endorsed it. “There was a good spirit of negotiation into early last night. And right about 8 o’clock, our side sensed a sort of change in attitude, an unwillingness to give and negotiate, for reasons we don’t fully understand,” said Sen. Tom Carper (D-Del.). The tense back-and-forth came moments after Democrats blocked a procedural motion to advance Congress’s third round of emergency relief — a package approaching $2 trillion — in response to the global coronavirus pandemic, which has devastated markets, sparked mass layoffs and ravaged businesses large and small across the country.

Democrats have raised a long list of objections to the Republicans’ proposal, saying the bill does too little to protect the unemployed, feed the hungry, subsidize states and cushion students facing mounds of debt. They’re also up in arms over language to provide up to $500 billion in loans and guarantees for corporations, at the sole discretion of the administration.

Read more …

And she was lucky enough to get tested.

Total Cost of Her COVID-19 Treatment: $34,927.43 (Time)

When Danni Askini started feeling chest pain, shortness of breath and a migraine all at once on a Saturday in late February, she called the oncologist who had been treating her lymphoma. Her doctor thought she might be reacting poorly to a new medication, so she sent Askini to a Boston-area emergency room. There, doctors told her it was likely pneumonia and sent her home. Over the next several days, Askini saw her temperature spike and drop dangerously, and she developed a cough that gurgled because of all the liquid in her lungs. After two more trips to the ER that week, Askini was given a final test on the seventh day of her illness, and once doctors helped manage her flu and pneumonia symptoms, they again sent her home to recover. She waited another three days for a lab to process her test, and at last she had a diagnosis: COVID-19.

A few days later, Askini got the bills for her testing and treatment: $34,927.43. “I was pretty sticker-shocked,” she says. “I personally don’t know anybody who has that kind of money.” Like 27 million other Americans, Askini was uninsured when she first entered the hospital. She and her husband had been planning to move to Washington, D.C. this month so she could take a new job, but she hadn’t started yet. Now that those plans are on hold, Askini applied for Medicaid and is hoping the program will retroactively cover her bills. If not, she’ll be on the hook. She’ll be in good company. Public health experts predict that tens of thousands and possibly millions of people across the United States will likely need to be hospitalized for COVID-19 in the foreseeable future.

And Congress has yet to address the problem. On March 18, it passed the Families First Coronavirus Response Act, which covers testing costs going forward, but it doesn’t do anything to address the cost of treatment. While most people infected with COVID-19 will not need to be hospitalized and can recover at home, according to the World Health Organization, those who do need to go to the ICU can likely expect big bills, regardless of what insurance they have. As the U.S. government works on another stimulus package, future relief is likely to help ease some economic problems caused by the coronavirus pandemic, but gaps remain.

Read more …

Of course there are Americans who borrow and spend too much. But how for the love of God is that a licence to even risk labeling people working 3 jobs and still not making ends meet, as irresponsible idiots who should save more? Who is irresponsible around here?

Coronavirus Reveals Financial Irresponsibility Of Americans (Hill)

How long could you sustain your household if you were to stop earning income? If you are like most Americans, the answer is not for long. Only 40 percent of Americans can afford an unexpected $1,000 expense with their savings. In fact, nearly 80 percent of workers are living paycheck to paycheck. It is no surprise that the probability of an economic recession brought on by the coronavirus pandemic caused many to worry. In major cities such as Boston, New York, Los Angeles, and San Francisco, restaurants and businesses have been ordered to close. For many hourly workers, this means no paychecks in the coming weeks. Almost one in five Americans have already lost their jobs or have reduced hours.

At the same time, salaried workers are concerned about job security, as mass layoffs at numerous companies loom. While the situation is understandably stressful for every person affected, it serves as a sobering reminder that Americans must learn to live within their means and regularly save money. The need for all Americans to be able to sustain themselves for at least a few months on savings is accentuated during a time of crisis. This means planning ahead when times are good. Financial planners suggest saving at least 20 percent of take home income, while spending at most 30 percent on discretionary items. Yet too many workers still fail to think twice about spending entire paychecks for things they want but do not need.

Recent decades have offered us relative luxury. More than 80 percent of Americans own smartphones. The same portion of households own one high definition flat screen television, while over half of households own more than one. Over 60 percent of Americans dine out at least once a week, while nearly 20 percent dine out three or more times a week. The current panic is refocusing us on what is important. We now stockpile the things necessary for our health. Smartphones, fancy televisions, and restaurant meals are usually luxuries rather than necessities. Living within our means is not just rhetoric. It is a means of guarding ourselves during times like these. We have so much to learn from those who came before us. How many of our grandparents fared the austerity of the World Wars and the Great Depression, discovering to save, mend, and repair?

Read more …

The richer suffer more, they’ll have you know. What pricks this dick’s balloon, though, is suggesting that prior to corona, there was a “normal chain of revenue generation etc.” and “solid economic fundamentals”. There haven’t been any normal markets, and that includes commercial mortgages, since Alan Greenspan. You may like to disagree, but just wait till the Fed folds.

Preventing COVID-19 From Infecting the Commercial Mortgage Market (Barrack)

As a major participant in the non-bank real estate lending industry, I am fully supportive of the nation’s extraordinary response to contain COVID-19. The profound impact of the COVID-19 pandemic on the public health and safety of all Americans is unprecedented and the response measures being taken by federal, state, and local government agencies are essential and critical. One aspect of this all-out assault on an invisible enemy — in the effort to suppress the contagion and manage the precious resources of our medical community and first responders — has been the unfortunate but necessary cessation of general commerce nationwide.

Now everyone, from corporations and small and mid-sized businesses to employees and laborers from all walks of life, has been displaced from the normal chain of revenue generation, cash flow, and income necessary to meet their obligations, from payment of salaries, rent payments, mortgage payments, and all other debts and bills required in the daily life of every business and every American. As a direct consequence of the necessary response measures to COVID-19, high performing mortgage loans across the entire commercial real estate sector (approximately $16 trillion in aggregate), which had previously been grounded in solid economic fundamentals, are suddenly experiencing a temporary meltdown in cash flows.

We are seeing the beginning of a second crisis that will occur in the financial markets that underpin the lifeblood of these employees, workers, and businesses. Based on my own personal past experiences I would like to share with you some thoughts on how to alleviate the potential blockage in the commercial mortgage market which is beginning to raise its perilous head. Addressing this major looming crisis in liquidity in a coordinated manner will be essential in averting a crisis in credit and a long term economic recession.

Read more …

This is just one of many such reports, of course. What I found interesting is that just 5 days ago, Singapore Airlines said it would cut flight capacity by 50%. And you wonder: what happened since Wednesday?

Emirates announced yesterday they would cut all flights, only to be told some flights are essential to services. Those are reinstated.

Singapore Airlines Slashes 96% Of Capacity, Grounds Most Planes (CNA)

Singapore Airlines (SIA) will cut 96 per cent of its capacity that had been scheduled up to the end of April, said the airline on Monday (Mar 23). The decision was made after the further tightening of border controls around the world over the last week to stem the COVID-19 outbreak, SIA said in a news release. About 138 SIA and SilkAir planes, out of a total fleet of 147, will be grounded as a result. Scoot, the company’s low-cost unit, will suspend “most of its network” and will ground all but two of its 49 planes. This comes amid the “greatest challenge that the SIA Group has faced in its existence”, the company said.


“It is unclear when the SIA Group can begin to resume normal services, given the uncertainty as to when the stringent border controls will be lifted,” it said. “The resultant collapse in the demand for air travel has led to a significant decline in SIA’s passenger revenues.” Over the last few days, the SIA Group has drawn on its lines of credits to meet its immediate cash flow requirements, it said, adding that it is in discussions with several financial institutions on its future funding requirements. “The company is actively taking steps to build up its liquidity, and to reduce capital expenditure and operating costs,” it added. SIA said it is in talks with aircraft manufacturers to defer upcoming deliveries, in the hopes of delaying payment for those deliveries.

Read more …

This is a bigger threat to Xi than the coronavirus. And why does it happen? Because China’s second-largest property developer wants to be the world’s biggest maker of electric cars…

China’s Housing Bubble Bursts (ZH)

Now that the world is firmly focusing on apocalyptic forecasts about the state of the US and global economy, with St Louis Fed president James Bullard the latest to pour gasoline into the fire with his worst-case prediction of a 50% GDP drop and 30% surge in unemployment in Q2, it is easy to forget that China, which started this whole pandemic, is still in economic lockdown. And while Beijing is pretending that the Shanghai Sniffles are now firmly behind it, and forcing people back to work while openly fabricating disease numbers – because like Lloyd Blankfein it has realized that an economic depression is an even worse outcome than millions infected – the reality is that China’s economy is facing an unprecedented crisis of its own.


Today we got a stark reminder of that, when Evergrande Group – China’s second-largest property developer by sales – tumbled in early trading Monday after saying it expects full-year earnings to fall by half. As Bloomberg first reported, the residential property developer said in an exchange filing Sunday that net profit for 2019 is expected to come in it around 33.5 billion yuan ($4.7 billion), a drop of about 50% from the previous year. “The decrease in profit is mainly attributable to the delivery and settlement of the lower-priced clearance stock properties in 2019, which drove down the unit price of the property delivered,” Evergrande said. That sent the firm’s Hong Kong-traded shares down as much as 17.4% on Monday, the biggest intraday drop since July 2015.

And with the stock tumbling by more than two-thirds since its late 2017 highs, Citigroup downgraded the stock to “sell” and slashed its price target by 56%, as the expected decline in core profit was far below Citigroup’s estimate of a 27% year-on-year drop. To be sure, there are plenty of reasons to dump the stock: Evergrande is one of China’s most-indebted developers with net debt of $88.5 billion as of June. As Bloomberg reminds us, the company has been pouring billions of dollars into acquisitions as its Chairman and major shareholder Hui Ka Yan pursues an ambition to make Evergrande the world’s biggest maker of electric cars in the next three to five years.

Read more …

Ardern sounds a bit too convinced. It’s still just one view.

New Zealand To Go Into Month-Long Lockdown (G.)

New Zealand is preparing to enter a month-long nationwide lockdown from Wednesday night, with the entire country ordered to stay home apart from those in essential services. On Monday the nation was given two days to prepare for schools, businesses and community services to turn off the lights in a desperate bid to stem the spread of the coronavirus. The move came after the number of cases of Covid-19 in New Zealand rose past 100. In an address to the nation, the prime minister, Jacinda Ardern, said she was not willing to put the lives of her citizens in danger. “The worst-case scenario is simply intolerable, it would represent the greatest loss of New Zealanders’ lives in our history and I will not take that chance.”

Ardern announced the country would move to level three measures immediately, and then to four – the highest level – on Wednesday from 11.59pm. “I say to all New Zealanders: the government will do all it can to protect you. Now I’m asking you to do everything you can to protect all of us. Kiwis – go home.” The lockdown will last a month, and if the trend of cases slowed, could be partially eased in specific areas after that. Ardern said it was now established that community transmission was happening in New Zealand and that, if it took off, the number of cases would double every five days, with modelling advising the government that tens of thousands of New Zealanders could die.

[..] Ardern said if the country did not lock down it would face a death toll beyond anything ever experienced before, and she wanted to give health services “a fighting chance”. Thirty-six new cases of the coronavirus were confirmed on Monday, bringing the nationwide total to 102, spread across the North and South islands. Ardern said she knew the measures would be anxiety-inducing for many New Zealanders and they needed to be “strong and kind” to each other during the unprecedented crisis. “Today, get your neighbour’s phone number, set up a community group chat, get your gear to work from home, cancel social gatherings of any size or shape, prepare to walk around the block while keeping a two-metre distance between you.

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Oddly appropriate:

 

 

 

 

 

If you read us, support us.

Mar 212020
 


Dorothea Lange Ex-slave with long memory, Alabama 1937

 

Coronavirus – Getting Angry (John Bronte)
China Is Avoiding Blame by Trolling the World (Atlantic)
From ‘Chinese virus’ to ‘Trumpandemic’ (RT)
Cuomo Orders New York Lockdown, Shuts Down Non-Essential Businesses (NYP)
New Best Friends: Trump And Archfoes Cuomo And Newsom Bond (JTN) )
Trump’s Approval Rating Soars During Handling Of Coronavirus (JTN)
Biden Plans Shadow Coronavirus Briefings (Pol.)
Cuba’s Interferon Alpha 2B, Successful in Treating COVID-19 (TeleSur)
The Doctor Who Helped Defeat Smallpox Explains What’s Coming (Wired)
Pentagon Sends 2,600 Europe-based Personnel Into Quarantine (RT)
Boeing Suspends Dividend, Halts Buybacks, Stops Paying CEO And Chairman (Y!)
National Guard Chief Denies Rumors Of Martial Law Response To Virus (Solomon)
Schiff Claims ‘Immunity’ To Keep Impeachment Phone Subpoenas Secret (JTN)
Strength and Weakness (Kunstler)
CoronaBonds To Hold The Payments System Together (Steve Keen)
Personal Coronavirus Update 02 March 21st 2019 (Steve Keen)

 

 

Relentless. And unfortunately incresiangly political.

 

Cases 279,320 (+ 32,126 from yesterday’s 250,618)

Deaths 11,587 (+ 1,565 from yesterday’s 10,255)

 

From Worldometer yesterday evening (before their day’s close)

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 11% !! –

 

 

I would like to have better graphs than the SCMP and COVID2019.app ones, and by that I mean things that I can use in this format. But I don’t see them. Johns Hopkins doesn’t provide these nor does COVID19info.live. The latter even has two different numbers for Confirmed and Infected. Do we need that?

Great admiration for what the Wordometer people are doing, but it would be nice(r) to have multiple sources.

From SCMP: (Note: the SCMP graph was useful when China was the focal point; they are falling behind now)

 

 

From COVID2019.app: (New format lacks new cases and deaths)

 

 

 

 

“I regard the current course of English speaking democracies (other than New Zealand) as mass murder by the political elite. I think history will regard it that way too.”

Coronavirus – Getting Angry (John Bronte)

First – no matter what you say about the Chinese data – and the Chinese data was full of lies at first – China has controlled the outbreak. Shanghai, Beijing, Chongqing are all functional mega-cities with no obvious health catastrophes. The virus has been managed to very low infection rates in Singapore and Taiwan. The numbers (completely real) in Korea show a dramatic slowdown in infection. Korea has not shut restaurants and the like. The place is functioning. But it has had rigorous quarantine of the infected and very widespread testing. It has complete social buy-in. China tests your temperature when you get on a bus or a train. It tests you when you go into a classroom, it tests you when you enter a building. There is rigorous and enforced quarantine.

But life goes on – and only a few are dying. In Singapore nobody has died (yet) though I expect a handful to do so before this over. This is sad (especially for the affected families) but it is not a mega-catastrophe. There is a story in the Financial Times about a town in the middle of the hot-zone in Italy where they have enforced quarantine and tested everyone in the town twice. They have no cases. The second stylized fact – mortality differs by availability of hospital beds.
• A. Coronavirus provided you do not run out of hospital beds probably has a mortality of about 1 percent. In a population that is very old (such as some areas in Italy) the mortality will be higher. In a population that is very young base mortality should be lower. Also co-morbidities such as smoking matter.
• B. If you run out of ICU beds (ventilators/forced oxygen) every incremental person who needs a ventilator dies. This probably takes your mortality to two percent.
• C. Beyond that a lot of people get a pneumonia that would benefit from supplemental oxygen. If you run out of hospital beds many of these people also die. Your mortality edges higher – but the only working case we have is Iran and you can’t trust their data. That said a lot of young people require supplementary oxygen and will die. If you are 40 and you think this does not apply to you then you are wrong. Mass infection may kill you. Iran has said that 15 percent of their dead are below 40.

I will put this in an American perspective with a 70 percent strike rate by the end.
• Option A: 2 million dead
• Option B: 4 million dead
• Option C: maybe 6 million dead.
By contrast, Singapore: a handful of dead. China has demonstrated this virus can be controlled. The town in Italy has demonstrated it can be controlled even where it is rife. Life goes on in Singapore. Schools are open. Restaurants are open in Korea. The right policy is not “herd immunity” or even “flattening the curve”. The right policy is to try to eliminate as many cases as possible and to strictly control and test to keep cases to a bare minimum for maybe 18 months while a vaccine is produced.

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@Jake_Hanrahan: “Blown away by the amount of people talking about China’s response to Covid-19 as some kind of model to follow. Are you serious? They have disappeared at least two whistleblowers and hid news of the problem for weeks before it became impossible to do so.”

China Is Avoiding Blame by Trolling the World (Atlantic)

The evidence of China’s deliberate cover-up of the coronavirus outbreak in Wuhan is a matter of public record. In suppressing information about the virus, doing little to contain it, and allowing it to spread unchecked in the crucial early days and weeks, the regime imperiled not only its own country and its own citizens but also the more than 100 nations now facing their own potentially devastating outbreaks. More perniciously, the Chinese government censored and detained those brave doctors and whistleblowers who attempted to sound the alarm and warn their fellow citizens when they understood the gravity of what was to come. Some American commentators and Democratic politicians are aghast at Donald Trump and Republicans for referring to the pandemic as the “Wuhan virus” and repeatedly pointing to China as the source of the pandemic.

In naming the disease COVID-19, the World Health Organization specifically avoided mentioning Wuhan. Yet in de-emphasizing where the epidemic began (something China has been aggressively pushing for), we run the risk of obscuring Beijing’s role in letting the disease spread beyond its borders. China has a history of mishandling outbreaks, including SARS in 2002 and 2003. But Chinese leaders’ negligence in December and January—for well over a month after the first outbreak in Wuhan—far surpasses those bungled responses. The end of last year was the time for authorities to act, and, as Nicholas D. Kristof of The New York Times has noted, “act decisively they did—not against the virus, but against whistle-blowers who were trying to call attention to the public health threat.”

This is what allowed the virus to spread across the globe. Because the Chinese Communist Party was pretending that there was little to be concerned about, Wuhan was a porous purveyor of the virus. The government only instituted a lockdown in Wuhan on January 23—seven weeks after the virus first appeared. As events in Italy, the United States, Spain, and France have shown, quite a lot can happen in a week, much less seven. By then, mayor Zhou Xianwang admitted that more than 5 million people had already left Wuhan.

If that weren’t enough, we can plumb recent history for an even more damning account. In a 2019 article, Chinese experts warned it was “highly likely that future SARS- or MERS-like coronavirus outbreaks will originate from bats, and there is an increased probability that this will occur in China.” In a 2007 journal article, infectious-disease specialists published a study arguing that “the presence of a large reservoir of SARS-CoV-like viruses in horseshoe bats, together with the culture of eating exotic mammals in southern China, is a time bomb. The possibility of the reemergence of SARS and other novel viruses from animals or laboratories and therefore the need for preparedness should not be ignored.” It was ignored.

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When is China going to admit they screwed up royally?

From ‘Chinese virus’ to ‘Trumpandemic’ (RT)

Washington has passed off blame to Beijing for its own failures in addressing the Covid-19 outbreak, China’s Foreign Ministry said, hitting back at the ‘Chinese virus’ rhetoric with the ironic term ‘Trumpandemic.’ “Some people in the United States attempt to stigmatize China’s fight against the epidemic and shirk its responsibility to China,” Foreign Ministry spokesperson Geng Shuang told reporters on Friday, referring to the finger-pointing adopted by President Trump and other top officials (after weeks of US media outlets calling it the ‘Chinese’ and ‘Wuhan’ virus). “This practice ignores the huge sacrifices made by the Chinese people to safeguard human health and safety, and denigrates China’s major public health security contributions.”

Over the last two months, Beijing has helped the US buy time in its efforts to combat the coronavirus by providing “timely information” and other aid, the spokesman said, noting that the US president himself acknowledged as much during a press briefing last week. But most of that assistance has gone to waste, he lamented. “It is a pity, as many US media and specialists have noted, that the US has wasted the precious time China has bought.” Despite being the only country that has managed to contain the outbreak, China has been accused of suppressing information in the early stages of the Covid-19 outbreak – which began in the city of Wuhan late last year. The spokesman insisted the country has taken “the most comprehensive, strictest and most thorough prevention and control measures,” and has been “open” and “transparent” about the virus.

Geng went on to list the numerous joint meetings between American and Chinese health officials in recent weeks, arguing Beijing was doing its part to assist the US response to the lethal illness, but implored Washington to take responsibility for its own shortcomings. “We hope that the United States will respect objective facts, respect international public opinion, do its own thing… stop slandering other countries, passing on responsibilities, and play a constructive role in fighting the epidemic,” he said. While President Trump argues that the phrase “Chinese virus” is “not racist at all,” stating that he uses the term simply because the pathogen “comes from China,” his insistence on the label has piqued the ire of Beijing. In a string of tweets earlier on Friday, Chinese state media outlet Xinhua slammed the moniker as bigoted, and fired back with its own Trumpian term of derision, renaming the outbreak the “Trumpandemic.”

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After cases exploded. It’s a pattern. New York has a very big problem.

Cuomo Orders New York Lockdown, Shuts Down Non-Essential Businesses (NYP)

Gov. Andrew Cuomo on Friday ordered the Empire State to shut down and asked local businesses and manufactures to step up as officials mounted a desperate struggle to slow the corona≠virus pandemic. “I want to be able to say to the people of New York – I did everything we could do,” Cuomo told reporters at the state Capitol. “And if everything we do saves just one life, I’ll be happy.” The restrictions take effect Sunday night at 8 p.m. and will shut down all nonessential businesses across the state, leaving just grocery stores, pharmacies and other essential operations open. All non-solitary outside activities, like basketball and other team sports are also banned.

The lockdown also requires all nonessential government and private-sector employees to work from home. Cuomo said the MTA will continue to run city subways, buses and Metro-North and Long Island Rail Road trains. The agency announced Friday it will allow backdoor boarding on local buses beginning Monday to help protect bus drivers from exposure “We have to do it, we have to be serious,” Cuomo said. “Everyone has personal freedom, and everyone has personal liberty, and I’ll always protect that,” he added. “But everyone also has a responsibility to everyone else.”

Laundromats and gas stations will be allowed to remain open, as will liquor stores and restaurants for take-out and delivery service only. Doctors’ and veterinarians’ offices can remain open, too. The new emergency action came as the Empire State’s coronavirus case count ballooned. Officials had tallied more than 7,100 cases across the state by 12 a.m. Friday — more than 4,400 in New York City. Just 10 hours later, the city Health Department reported the Big Apple’s case load had surged to more than 5,100 cases.

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Not friends, but working together. These people all recognize their own faults. They’re all 2-3 months late.

New Best Friends: Trump And Archfoes Cuomo And Newsom Bond (JTN) )

It’s often said that crises bring out the worst or the best in people. Adrift in a lifeboat at sea, strangers will either figure out how to cooperate, or kill and eat each other. It may be that the nation’s capital is being enveloped in a cloud of nice — instead of choosing the kill and eat option. President Trump suggested as much yesterday when he looked over a slightly-less-packed-than-usual press room. “I like this social distancing,” he mused. “I think it’s making you guys nicer. All these empty spaces … “You guys over there should probably move further from each other,” he said, flapping his hand at a few reporters, “but it’s nice”

The niceness cloud has also enveloped Trump and a couple of his legendary enemies: California Governor Gavin Newsom, New York Governor Andrew Cuomo, and President Trump have very recently become the Three Caballeros. At every press conference — and all three leaders are doing daily COVID-19 press updates — praise is bestowed and compliments showered. There are gratuitous namechecks — as with the lover who feels compelled just to repeat the name of the beloved — and many allusions to late night phone calls when details of policy are apparently being hashed out. In his press conference yesterday, for instance, as Trump detailed the FDA’s expedited approval of a new virus treatment, he managed to work in the news that he’d spoken with Cuomo “at great, great length last night; he wants to be first in line.”

Considering that he and the governor are now besties, Cuomo will probably in fact be first in line to get the prescription drug to his state’s consumers — just as he’s recently gotten everything on his virus wish list, from a national guard deployment to Westchester County, site of an early hot spot, to a mobile testing drive-through, also for Westchester, to an Army Corps of Engineers deployment, to a Navy hospital ship which will soon be docked in New York Harbor in case New York City runs out of hospital beds.

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Red alert at the DNC: “30% of Democrats approve, which is about double the number from last week’s poll..”

Trump’s Approval Rating Soars During Handling Of Coronavirus (JTN)

New polling Friday showed President Trump’s approval ratings among Americans have soared during the coronavirus crisis, including his handling of the pandemic response and the economy A new Axios-Harris poll, released Friday, showed the president with an 53 percent overall approval among U.S. adults surveyed March 17 and 18, compared to 49 percent among those polled March 14 and 15. 56 percent of respondents in the latest poll said they approved of the president’s handling of the coronavirus outbreak, an increase from 51 percent last week. And 60 percent of Americans this week said they approved of the president’s handling of the economy, a slight increase from 59 percent last week.

Despite stock market declines and rising unemployment figures released this week, the president’s approval rating for “Stimulating Jobs,” remained unchanged at 60 percent among both groups polled. When asked “Which of the following sources do you get your information from regarding the coronavirus (COVID-19) outbreak?” 44 percent of Americans named “The White House/President,” an increase of 11 points from the previous survey. Respondents naming “National media” fell to 53 percent from 55 percent, while those answering “Local media,” dropped to 51 percent from 57 percent. Additionally, a new ABC News/Ipsos poll released Friday found that 55 percent of Americans approve of Trump’s handling of the coronavirus crisis, a double-digit increase in support from the week before.

“In the new poll, 55% of Americans approve of the president’s management of the crisis, compared to 43% who disapprove,” reported ABC’s Kendall Karson. “Trump’s approval on this issue is up from last week, when the numbers were nearly reversed.” The ABC/Ipsos poll also found “30% of Democrats approve, which is about double the number from last week’s poll, and 69% disapprove, down from 86%,” Karson wrote. “Meanwhile, an overwhelming 92% of Republicans approve, up from 86% last week. Only 8% disapprove, compared to 11% in last week’s poll.”

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The Dems of course can’t have Trump ratings rising, but pray tell, how are regular appearances of Biden going to counter that trend?

Biden Plans Shadow Coronavirus Briefings (Pol.)

Joe Biden is planning a regular shadow briefing on coronavirus to start as early as Monday to show how he would handle the crisis and address what he calls the lies and failures of President Trump. Biden gave a preview of what’s to come in a conference call with reporters Friday, where he listed a litany of false and misleading statements from Trump, who has been holding regular White House press conferences concerning coronavirus preparedness and response that have been broadcast live on all major networks. “President Trump stop saying false things, will ya?” Biden said. “People are worried they are really frightened, when these things don’t come through. He just exacerbates their concern. Stop saying false things you think make you sound like a hero and start putting the full weight of the federal government behind finding fast, safe and effective treatments.”

Biden made his comments from his home in Wilmington, Delaware, where he has been holed up for more than a week in adherence with Centers for Disease Control guidelines that urge people to practice social distancing. Immediately after the initial onset of the crisis, Biden also held his fire against the president out of concern it would look too political — an accusation leveled at him anyway by Trump campaign manager Brad Parscale, who said that “Biden will take attention from real updates Americans should know just to score political points.” Ever since his commanding victories Tuesday against Bernie Sanders in Florida, Illinois and Arizona, Biden has made no public appearances or statements. Instead, he said, he has been spending time privately talking to health officials, businesses, governors and members of Congress.

Now, he said, his house is being outfitted with equipment that would enable him to livestream events, have interactive tele-press conferences and broadcast interviews with network television.

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I’m suspicious of any cure or treatment announced, but I’m also curious to see how much coverage the US MSM will give to Cuba potentially saving American lives.

Cuba’s Interferon Alpha 2B, Successful in Treating COVID-19 (TeleSur)

For 40 years, Cuba has been using a molecule named Interferon Alpha 2B , which has successfully been used to combat the new Coonavirus in China and elsewhere. “The world has an opportunity to understand that health is not a commercial asset but a basic right,” Cuban doctor Luis Herrera, the creator of the Interferon Alfa 2-B medication, one of the most successful medications in the fight against COVID-19 told teleSUR Tuesday. Interferon has been known for more than 40 years: first, it was produced from original sources in local sites, then nationally and later in the United States and even Finland. “At the beginning of the 80s, an important professor from Houston came to Cuba and advised our President Fidel Castro than the Interferon we had here was a very interesting molecule for a different purpose,” Herrera told teleSUR.

“Then a group of people went to Finland to get training in the production of interferon,” while people were also producing Interferon from recombined sources using genetic engineering. The first one was Beta Interferon in Japan, and the second one was the family of Alpha Interferon by Genetec in California, according to the Cuban doctor. “One year later in Cuba, we cloned different genes of Interferon from local sites, and we started to produce Interferon in 1981 and 1982, which we used in the outbreak of dengue fever, and we presented the results in the United States in California.” One of the ways the virus can multiply inside the cells is by decreasing the levels of Interferon naturally produced in human cells. The molecule thus, through a different metabolic way, can create conditions to limit the replication of the virus.

During the MERS-CoV epidemic three years ago – another type of coronavirus – people realized that Interferon was decreased during the replication of the virus, highlighted Herrera. In China, practically a few weeks after the beginning of the outbreak, people started to use Interferon in a way to avoid complications in people infected with the virus. According to Herrera, this molecule has “some side effects but not too critical.” “The main idea of Interferon is just to avoid complications,” he told teleSUR. “Young people and people with a good immuno-response perhaps don’t need the medicine or people who won’t have complications and respond to the virus-like any other flu, but old people or people susceptible to have a bad immuno-response will have better chances of avoiding complications by using Interferon.”

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The good doctor can’t keep himself from taking a jab at Trump. Pity. Nothing much else to say that we didn’t already know.

And as the graph shows, the mass testing that for instance South Korea is supposed to have done is not quite what it’s made out to be. 0.6% of the population is not that.

The Doctor Who Helped Defeat Smallpox Explains What’s Coming (Wired)

Larry Brilliant says he doesn’t have a crystal ball. But 14 years ago, Brilliant, the epidemiologist who helped eradicate smallpox, spoke to a TED audience and described what the next pandemic would look like. At the time, it sounded almost too horrible to take seriously. “A billion people would get sick,” he said. “As many as 165 million people would die. There would be a global recession and depression, and the cost to our economy of $1 to $3 trillion would be far worse for everyone than merely 100 million people dying, because so many more people would lose their jobs and their health care benefits, that the consequences are almost unthinkable.”

Now the unthinkable is here, and Brilliant, the Chairman of the board of Ending Pandemics, is sharing expertise with those on the front lines. We are a long way from 100 million deaths due to the novel coronavirus, but it has turned our world upside down. Brilliant is trying not to say “I told you so” too often. But he did tell us so, not only in talks and writings, but as the senior technical advisor for the pandemic horror film Contagion, now a top streaming selection for the homebound. Besides working with the World Health Organization in the effort to end smallpox, Brilliant, who is now 75, has fought flu, polio, and blindness; once led Google’s nonprofit wing, Google.org; co-founded the conferencing system the Well; and has traveled with the Grateful Dead.

[..] When will we be able to leave the house and go back to work? I have a very good retrospect-oscope, but what’s needed right now as a prospecto-scope. If this were a tennis match, I would say advantage virus right now. But there’s really good news from South Korea—they had less than 100 cases today. China had more cases imported than it had from continuous transmission from Wuhan today. The Chinese model will be very hard for us to follow. We’re not going to be locking people up in their apartments, boarding them up. But the South Korea model is one that we could follow. Unfortunately, it requires doing the proportionate number of tests that they did—they did well over a quarter of a million tests. In fact, by the time South Korea had done 200,000 tests, we had probably done less than 1,000.

Now that we’ve missed the opportunity for early testing, is it too late for testing to make a difference? Absolutely not. Tests would make a measurable difference. We should be doing a stochastic process random probability sample of the country to find out where the hell the virus really is. Because we don’t know. Maybe Mississippi is reporting no cases because it’s not looking. How would they know? Zimbabwe reports zero cases because they don’t have testing capability, not because they don’t have the virus. We need something that looks like a home pregnancy test, that you can do at home.

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The neocons are not amused.

Pentagon Sends 2,600 Europe-based Personnel Into Quarantine (RT)

Thousands of US troops and military staff based in Europe have been ordered into self-isolation after at least 35 of them tested positive for Covid-19, further complicating Washington’s power projection across the Atlantic.
Some 2,600 European Command (EUCOM) troops and personnel were isolated on Friday in an effort to stem the spread of the lethal virus, following nearly three dozen positive test results. The Defense Department noted that the troops quarantined were not ill, but were isolated as a precaution due to recent travel, among other reasons. “These individuals are not necessarily sick, but may have been exposed and are doing their due diligence following health preventative measures,” the Pentagon said in a statement.


EUCOM commander, US Air Force General Tod Wolters, told reporters earlier about the positive tests, adding that all 72,000 of his troops were taking measures to avoid further exposure to the illness. “We’re preparing for worst-case scenarios with respect to the potential spread,” Wolters said in a teleconference from EUCOM headquarters in Stuttgart, Germany. “For months, we have embraced precautionary measures.” The Pentagon did not clarify how it planned to isolate the 2,600 personnel, however. The quarantine comes as several branches of the US armed services struggle to contain the coronavirus, especially on board the crowded Navy vessels. The USS ‘Boxer’ became the first ship to confirm more than one infected sailor earlier this week, prompting the crew to adopt what it called an “aggressive mitigation strategy.”

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The CEO delays receiving many millions so the company will receive many billions, which will then be used to pay the CEO additional many millions. File under Business Model.

Boeing Suspends Dividend, Halts Buybacks, Stops Paying CEO And Chairman (Y!)

Boeing says its CEO and its chairman will forgo all pay until the end of the year — and that’s just one of the steps the company is taking to ensure that it weathers the financial effects of the coronavirus epidemic. CEO David Calhoun and Board Chairman Larry Kellner were named to their current positions last December, as part of a corporate house-cleaning related to the past year’s 737 MAX crisis. Calhoun was due to receive a base annual salary of $1.4 million and was eligible for millions more in performance-based payments and stock options. Kellner was getting an annual cash retainer of $250,000 and was eligible for other compensation.


Boeing said it was also suspending its dividend and extending its current pause on stock buybacks until further notice. “Boeing is drawing on all of its resources to sustain operations, support its workforce and customers, and maintain supply chain continuity through the COVID-19 crisis and for the long term,” the company said in a statement. The move came after former U.N. ambassador Nikki Haley said she was resigning from Boeing’s board of directors to protest the company’s request for at least $60 billion in federal support. The company’s shares have plunged from a 52-week high of $398.66 to today’s closing value of $95.01, primarily due to the virus outbreak. This week, President Donald Trump told reporters that “we have to protect Boeing” but also voiced his disdain of stock buybacks.

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What are words worth?

National Guard Chief Denies Rumors Of Martial Law Response To Virus (Solomon)

The National Guard has deployed a few thousand troops to help states hit hard by the coronavirus outbreak, but it wants Americans to know that rumors of impending martial law are blatantly false. One of the Guard’s top generals tweeted out that assurance Friday as officials blamed misinformation and propaganda campaigns for the false rumor. “I hear unfounded rumors about #NationalGuard troops supporting a nationwide quarantine,” wrote Gen. Joseph Lengyel, chief of the National Guard Bureau. “Let me be clear: There has been no such discussion.” From New York to Wisconsin, National Guard troops have been deployed to several states to provide assistance that ranges from sterilizing public areas to delivering needed supplies. Those missions are likely to continue for some time.

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“Sovereign immunity”, no less. Carte blanche for any and all surveillance, on peers, journalists, lawyers? Does that sound okay to anyone at all, other than Schiff?

Schiff Claims ‘Immunity’ To Keep Impeachment Phone Subpoenas Secret (JTN)

The House Intelligence Committee and its chairman Adam Schiff invoked “sovereign immunity” in a motion to dismiss a Judicial Watch lawsuit seeking to obtain controversial phone records subpoenas issued during the Trump impeachment inquiry. The committee’s subpoenas of phone records ultimately led to the publication of multiple Americans’ phone records, including those of reporter John Solomon, California Rep. Devin Nunes, the president’s lawyer Rudy Giuliani and others. In the motion, lawyers from the Office of General Counsel for the House of Representatives assert four reasons for dismissing the case, including protection under the Constitution’s Speech or Debate Clause.

“First, the doctrine of sovereign immunity deprives the Court of jurisdiction over the House Defendants, and no express and unequivocal waiver exists,” the argument says. “Second, given that the records sought by Plaintiff involve matters pursued and obtained by the House Defendants as part of the House-authorized impeachment inquiry, they are absolutely protected by the Speech or Debate Clause.”

“Third, Plaintiff fails to state a claim because Congress has created a comprehensive scheme for the review of government records—the Freedom of Information Act (FOIA)—that preempts the common law right sought to be vindicated by this litigation,” the lawyers write. “Finally, under governing case law, the records Plaintiff seeks to review are not ‘public records’ and, therefore, are not subject to the common law right of public access. And even if the records are ‘public records,’ Plaintiff has not demonstrated that the public interest in disclosure outweighs the House Defendants’ interest in non-disclosure.”

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“His role was not the good father, it was the half-crazy old uncle in the attic..”

Strength and Weakness (Kunstler)

Yes, he is peculiar-looking: the strange blond helmet, the orange face. Note, back in one of America’s earlier hard times, a lot people thought Mr. Lincoln looked like a great ape, and had much sport with that image of him in the newspapers. It’s also a fact that the decisions he made led to the deaths of hundreds of thousands of mostly young men in the bloodiest slaughters then imaginable. Yet those young men going to their deaths called him Father Abraham in their songs around the campfire. I’m not saying that Donald Trump is another Lincoln — certainly not in sheer rhetoric — but I am saying we don’t know yet what his mettle will show in this crisis, and where it might take us. One thing for sure: he’s been subjected to more political abuse than any character on-the-scene in my lifetime, and it’s amazing that he didn’t fold or quit or lose his shit as it went on and on and on.

And so, you now have the strange and ironic spectacle of his organized opposition, the Democrats, hoisting up onto their pinnacle of leadership absolutely the weakest candidate possible to oppose Mr. Trump in the election: Joe Biden. There was something certainly supernatural about his ascent in the recent cluster of primaries, as if some gang of someones worked strenuously behind the scenes to make it happen. If Mr. Biden ever had any charisma even in his prime as a young senator, there was no sign of that now, either in his own bumbling behavior or in the sparse crowds that were flushed out of the DNC’s voter registration thickets to show up at his rallies. In fact, he emanated the exact opposite of charisma, a faltering flop-sweat odor of weakness, and of every kind of weakness: physical, mental, and ethical.

His role was not the good father, it was the half-crazy old uncle in the attic — the kind who puts on his threadbare best suit every day to go down to a corner bar and sip beers until it’s time to stagger back home, where a dutiful niece-in-law might give him supper, if he could manage to ask for it politely. The kind who, until his forced retirement due to incompetence and blundering, had worked as an errand boy for the local mob, picking up receipts from the numbers racket, and was then cast off like a banana peel in a drainage ditch when his usefulness ended.

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CoronaBonds are one way, sure. But if you take the salary pressure away from companies by having the government pay 50-70% of them, would you still need to bailout companies, or would you be only subsidizing zombies?

CoronaBonds To Hold The Payments System Together (Steve Keen)

The coronavirus could cause the financial system to collapse unless something is done to enable basic payments to continue during the fight against it. While some businesses are doing very well out of it—toilet paper and hand sanitizer produces come to mind—many, if not most, could collapse as their sales collapse and/or their workers become unable to turn up to work. Workers—especially those in the jovially-named “gig economy”—will be unable to pay their rents and mortgages. If we insist on these payments being honoured, mass bankruptcy could result that could take viable companies down with it—even toilet roll producers. So what to do? The answer is fundamentally simple: the Treasury issues “Coronabonds” that raise a substantial sum—enough to cover say 3 months of standard mortgage, rent and food payments for an average family.


These Coronabonds could be priced at zero percent yield: interest rates are at that level anyway, and given the current stockmarket carnage, financial corporations would jump at the opportunity to park their money in an asset that won’t fall in value. Using the US Economy as our template, let’s say that $1 trillion of these bonds were issued. They would then be bought by the financial sector—raising $1 trillion to be spend by the government on tenants, mortgagees and firms. The cost to the Treasury would be zero because that would be the yield of the bonds. The public debt would rise, but it would be debt carrying no servicing costs.

Read more …

Good friend Steve Keen “escaped” to Thailand.

Personal Coronavirus Update 02 March 21st 2019 (Steve Keen)

As I noted in my first update, I had decided that for both medical and visa reasons, the best place to be during the Coronavirus crisis was Thailand. Outside of China (the epicentre of this crisis), the world’s governments have been dominated by the Neoliberal emphasis upon efficiency, with a total ignorance of the need for resilience as well in a complex system. I didn’t expect any of them to be able to respond effectively as this exponential crisis exploded, so the safest thing was to go for the highest level of social isolation possible—and southern Thailand, below the major tourist spots, made sense on that ground alone. There was also nascent research implying that heat and humidity slow the spread of the virus. This is from the abstract for the paper: “One degree Celsius increase in temperature and one percent increase in relative humidity lower R by 0.0383 and 0.0224, respectively.”

I had already started to make this inference from the statistics from the John Hopkins University site. Thailand began with the second highest number of cases to China, but the number of cases rose far more slowly than in the rest of the world. On January 31st, Thailand had 19 cases, while Australia had 9, the Netherlands zero, and the UK 2. The Netherlands recorded its first cases on February 27th, finishing the day with 2 cases; by this stage, Australia had 23 cases, the UK 15 and Thailand was still far higher at 40 cases. However, as of March 19th, Australia had about 700 cases, The Netherlands and the UK about 2500 each, and Thailand had under 250. This time series plot from my soon-to-be-released program Ravel illustrates the divergence of Thai data from the rest of the world—or rather the three other countries where I could have considered living

during this crisis.

[..] My partner and I arrived in Bangkok on Thursday March 19th, one day before Thailand started closing its border to non-nationals (my partner is a Thai citizen, though she hasn’t lived here for over 25 years). One day later, and I would have had to continue on my own to Australia, which is mishandling this crisis as impressively as any other Western government. Even Thai tourists are thin on the ground now, as Thailand has wisely cancelled its annual Thai New Year holiday and festival. We went to a popular beach yesterday looking for potential places to stay for a year, and it was almost empty. We’re now looking for a house to rent here, for the year that I think it will take before there’s any prospect of a post-Covid-19 “normal” developing.

Read more …

 

 

 

 

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Mar 202020
 


David Hockney Do remember they can’t cancel the spring 2020 (released for corona crisis)

 

 

“We’re Not Even Counting The Dead Any More” (R.)
One Iranian Dies Of Coronavirus Every 10 Minutes, 50 Get Infected Every Hour (RT)
Madrid Reports One Coronavirus Death Every 16 Minutes (MT)
Young Adults Make Up A Big Part Of US Coronavirus Hospitalizations (CNN)
France Tightens COVID-19 Lockdown Restrictions To ‘Max 2km From Home’ (RT)
Severe Restrictions On Movement In California Now In Place (JTN)
‘Zero Prospect’ Of London Lockdown Involving Movement Limits, Says No 10 (G.)
4 GOP Senators Implicated In Stock Dumping Scandal (RawS)
Sen. Loeffler (R-GA) Dumped Stocks After Jan 24 Meeting On Coronavirus (NYP)
Untested Health Workers Put Elderly at Risk for Coronavirus
Senate GOP Coronavirus Bailout Bill Caps Executive Pay At $425,000 (CNBC)
South Korea Success In Virus Control Due To Acceptance Of Surveillance (Conv.)
Everyone In Iceland Can Get Tested For The Coronavirus (BF)
Baltimore Mayor Begs Residents To Stop Shooting Each Other (WJZ)

 

 

Saw some numbers come in yesterday, one coronavirus death in Madrid every 16 minutes on Monday, and one death in Iran every 10 minutes, with 50 new infections every hour. That sounds real horrible.

Then I saw that in Italy over the 24 hours prior to their announcement of their new numbers around 12 pm EDT, there had been 427 new deaths and 5,322 new cases. Off the top of my head, correct me if I’m wrong, that is one death every 3 minutes, and 3.7 new cases every minute (221.7 every hour).

The numbers below continue their relentless rise, and no, it’s not the numbers themselves that matter, it’s the trajectory. And as much as people can maintain that lockdowns are overkill, the alternative appears to be Italy. And of course that country has been far too late in its initial response, and made some huge mistakes in the process, but so has very other single country and government in the world.

Ergo, Boris Johnson solemnly swearing that that there will be no lockdown in London will only serve to isolate Britain even more than if it did have a lockdown. The most amazing images yesterday came from the British Parliament, which, as nations after nation forbids gatherings of more than 100 or even just 10, people, still has all these folk sitting practically on each other’s lap for hours on end.

One other point: I said last week that I did not agree with the accepted view, that the US would come in a separate wave behind France, Germany and Spain, even though the numbers back then seemed to indicate that view was correct. Today, the US, where both cases and deaths shot up some 45% in 24 hours, is right in the middle of what I called the Wave 2 group.

My prediction: The US has overtaken France, and will in the next few days pass Germany, Spain, and then Iran.

 

 

 

Cases 250,618 (+ 28,684 from yesterday’s 221,934)

Deaths 10,255 (+ 1,256 from yesterday’s 8,999)

 

From Worldometer yesterday evening (before their day’s close)

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 10% –

 

 

From SCMP: (Note: the SCMP graph was useful when China was the focal point; they are falling behind now)

 

 

From COVID2019.app: (New format lacks new cases and deaths)

 

 

 

 

US #coronavirus March :

3/1: 89
3/2: 105
3/3: 125
3/4: 159
3/5: 227
3/6: 331
3/7: 444
3/8: 564
3/9: 728
3/10: 1,000
3/11: 1,267
3/12: 1,645
3/13: 2,204
3/14: 2,826
3/15: 3,505
3/16: 4,466
3/17: 6,135
3/18: 8,760
Now: 14,366

 

 

 

 

 

https://twitter.com/Talking_Monkeys/status/1240443538170617857

 

 

Remember, this from 12 days ago is still very much relevant: The Virus is a Time Machine. What’s happening in Italy today will very likely happen to your country and community in a week, or 2 or 3.

“We’re Not Even Counting The Dead Any More” (R.)

Doctor Romano Paolucci, who came out of retirement to help at a hospital in Italy’s coronavirus epicenter, says one of the hardest things for him is not so much seeing people die – he is used to that. It is seeing them die alone, without a loved one by their side, often having to say their final farewell over a scratchy cell phone line. Paolucci is one of 70 doctors working long and exhausting shifts at the small Oglio Po Hospital, which until only a month ago was a normal provincial institution treating everything from tonsils to tumors. Now, it has been totally converted to treat coronavirus as Cremona province became the fourth-worst impacted province in Italy.

“I would say that we are at the end of our strength. This is a small hospital and we are taking in a lot of people … capacity is filled,” he said in a hallway amid the sounds of ventilators pumping oxygen, equipment beeping, and colleagues bustling. More of that type of noise would be music to his ears. “We do not have sufficient resources and especially staff because apart from everything else, now the staff are beginning to get sick,” he said. While medical staff work exhausting shifts of 12 hour or more and struggle to keep the patients alive, they also have to deal with the heartbreak of people dying without a loved one by their side, a measure necessary to contain the virus. “We have started a service in which we contact relatives on the phone to explain to them what is happening. So there is at least some contact,” he said.

[..] Nearly every inch of the hospital has been turned over to the coronavirus emergency, said Doctor Daniela Ferrari. There is no longer a paediatric ward or a cardiology ward and only three beds have been kept aside for emergency surgery. Six of the nine surgeons tested positive and had to go home, she said, adding that the hospital had a rate of about 20 percent of staff infected. Daniela Confalonieri, a nurse at the an San Raffaele hospital in the Lombardy regional capital of Milan, is also worried about sick medical staff. “We too are working in a situation of total emergency. The problem is that so many of our staff are at home as they are (have tested) positive. So that leaves a handful of us to run everything,” she said on a video posted on the internet.

“Psychological tension has gone through the roof. Unfortunately we can’t contain the situation in Lombardy, there’s a high level of contagion and we’re not even counting the dead any more,” she said.

Read more …

We still know so little of what goes on in Iran. But strenghtening sanctions, as the US is doing, is murderous and brainless.

One Iranian Dies Of Coronavirus Every 10 Minutes, 50 Get Infected Every Hour (RT)

Iranian authorities have provided shocking statistics showing the massive scale of the local Covid-19 outbreak. The country remains the worst-affected in the Middle East, with 1,284 coronavirus deaths already. “Based on our information, every 10 minutes one person dies from the coronavirus and some 50 people become infected with the virus every hour in Iran,” Kianush Jahanpur, the health ministry spokesman, wrote on Twitter. The death toll from the disease in Iran has reached 1,284 people, with 149 deaths coming in the last 24 hours. With 18,407 infected, Iranian medics are overwhelmed with the number of patients. The fight against the highly-contagious virus is being hampered by the harsh US sanctions against Tehran which Washington refuses to remove or soften despite international calls.

Read more …

One day, one city.

Madrid Reports One Coronavirus Death Every 16 Minutes (MT)

The latest official figures produced by the Spanish government show that the number of confirmed cases of Covid-19 throughout the country has risen to 17,147 with nearly 7,000 of the cases in the region of Madrid. The Region of Madrid is in crisis, with one death recorded every 16 minutes on Monday, the 88 deaths on Monday exacerbated by the influx of more than 3,000 people in one day taken into hospitals and clinics. At the same time, the latest data presented at lunchtime on Thursday include an increase in the number of fatalities related to the virus to 767. The number of cases increased by around 25% in the last 24 hours.

939 are in intensive care and 1,107 have recovered fully from the virus. One nurse has died in the Basque Country from the virus. It is hoped that the strict confinement of members of the public to their homes throughout Spain will slow the spread of the virus, but it is not known when the effects will become clear; according to Fernando Simón, who presented the latest data. Yesterday it was stated that the virus is expected to peak around 3 weeks after the start of the containment measures and nobody is under any illusions that this is not going to be a short-term lockdown.

The spokesman also reiterated that the virus is not only attacking elderly people. 33% of the cases are those aged 65 and more, 18% of whom are aged over 75. He also stated that 3 of the dead are known to have been under the age of 65, although it is also known that the young are less vulnerable to serious attacks and their symptoms are generally milder. He also reminded the public of the need for patience during the confinement period which has been established during the emergency, recognizing that frustration is beginning to mount and that tempers will be fraying. It is important to remember, he says, that staying at home is essential in order to make the period of confinement as short as possible for everyone and reduce the number of deaths. 

Read more …

About time that fable was halted.

Young Adults Make Up A Big Part Of US Coronavirus Hospitalizations (CNN)

Up to 20% of people hospitalized with coronavirus in the United States are young adults between ages 20 to 44, a new federal study shows. While the risk of dying was significantly higher in older people, the report issued Wednesday by the Centers for Disease Control and Prevention shows younger people are making up a big portion of hospitalizations. Nearly 9,000 Americans have tested positive for the virus. At least 149 have died. The CDC analyzed the cases of about 2,500 patients in the United States whose ages were known. Of the 508 patients known to have been hospitalized, 20% were notably younger — between ages 20 and 44, while 18% were between ages 45 and 54, the report says. The highest percentage of hospitalized patients was at 26% between ages 65 and 84. And of the 121 patients known to have been admitted to an ICU, 36% were adults ages 45 to 64, while 12% were ages 20 to 44. There were no ICU admissions reported for those under age 19, the report says.

Read more …

France is done fooling around.

France Tightens COVID-19 Lockdown Restrictions To ‘Max 2km From Home’ (RT)

France has dramatically tightened restrictions on movement amid its coronavirus lockdown, warning citizens that they should limit their travel to within one kilometer of their homes – and a maximum of two kilometers. The country went into a 15-day lockdown over the Covid-19 outbreak at noon on Tuesday, and a list of acceptable reasons for travel was published by the government. Those reasons include shopping for basic necessities, seeking medical treatment, helping a neighbor or relative, and walking the dog. Getting exercise was also seen as a legitimate reason – provided that it was done alone. All tolerated activities were only acceptable if a person filled out a government form stating their reasons for movement (those without a printer were permitted to handwrite a statement).


As of Thursday, a new advisory from the Ministry of Sport reminded people that the goal of the lockdown was for “everyone to be confined” and not to leave home unless it was for an “urgent” matter. The ministry said people should now stay within one (maximum two) kilometers of their home and that a “little jogging” was possible, but “not a 10k” run. Cycling is also now completely out of the question, with the French Cyclist Federation noting on Twitter that the activity “does not comply with the criteria” outlined by the government. The federation urged cyclists to help save lives and “stay at home!” In a joint statement, Mayor of Paris Anne Hidalgo and Paris Police Chief Didier Lallement made a “solemn appeal” to walkers and joggers, who are still frequenting the banks of the Seine and other areas in large numbers, to limit their movement to what is “strictly necessary.”

Read more …

How on earth can you call this “the most severe restrictions yet”?

Severe Restrictions On Movement In California Now In Place (JTN)

California Gov. Gavin Newsom on Thursday night ordered residents in America’s largest state to mostly stay at home, imposing the most severe restrictions yet aimed at stemming the spread of the coronavirus. The order will impact the state’s population of approximately 40 million people “until further notice.” “The California State Public Health Officer and Director of the California Department of Public Health is ordering all individuals living in the State of California to stay home or at their place of residence except as needed to follow the federal critical infrastructure sectors,” a state coronavirus response website says.


“Those that work in critical sectors should go to work. Grocery stores, pharmacies, banks and more will stay open,” the governor tweeted. Some of the places that will be closed include: “Dine-in restaurants,” “Bars and nightclubs,” “Entertainment venues,” “Gyms and fitness studios,” “Public events and gatherings” and “Convention Centers.”

Read more …

France has already threatened to close it borders on all Britons.

‘Zero Prospect’ Of London Lockdown Involving Movement Limits, Says No 10 (G.)

There is “zero prospect” of a London lockdown involving limits on movement but new restrictions could be put in place on pubs and cafes to prevent the spread of coronavirus in the capital, the government has said. The prime minister’s official spokesperson sought to quash overnight reports that there would be limits on transport or on who can enter or leave London, saying there was also no truth to reports that key workers would be asked to present papers to prove their status. But with people still being asked to avoid congregating in public, details of new steps to slow the virus in London – where it is spreading faster than anywhere else in the UK – are expected to be released later and are likely to include new conditions on pubs, cafes, bars and theatres.


The spokesperson said: “There are no plans to close down the transport network in London and there is zero prospect of any restriction being placed on travelling in or out of London. The prime minister and his advisers have set out the need for social distancing measures to limit the spread of the virus and to protect lives. “What we’re focused on is ensuring as many people as possible take that advice and don’t unnecessarily put themselves in a position where they could be spreading coronavirus.” He said speculation that households could be limited to only one person at a time leaving their home were untrue and he dismissed claims that people could be fined if they left their homes. Sweeping changes to ordinary life in the capital are already in place, with Transport for London announcing on Wednesday night that it was closing 40 tube stations that are not interchange hubs. A reduced service is expected on the underground and buses.

Read more …

Stay home!

Note: I think these people can’t even be investigated for this because of their jobs. Kick them out!

4 GOP Senators Implicated In Stock Dumping Scandal (RawS)

The GOP Senate Caucus faced a massive scandal on Thursday after multiple GOP senators revealed in public filings that they had sold large stock holdings after private briefings on the coronavirus scandal. Sen. Richard Burr (R-NC), Sen. Kelly Loeffler (R-GA) and Sen. Ron Johnson (R-WI) have all be implicated in the scandal. Now conservative Oklahoma Sen. Jim Inhofe has also been caught up, after reporting he sold in late February. There have been calls for the implicated lawmakers to resign from office over the scandal.

Read more …

“Kelly Loeffler’s net worth is almost $500,000,000. She is the wealthiest member of Congress … and … it … just … isn’t … enough.”

“For some 18 years, Kelly Loeffler worked for Intercontinental Exchange. Most recently, she was the CEO of Bakkt, its cryptocurrency platform.”

“Sen. Kelly Loeffler is married to Jeffrey Sprecher, the chairman of the New York Stock Exchange, and the chairman and CEO of Intercontinental Exchange, which is NYSE’s parent company.”

Sen. Loeffler (R-GA) Dumped Stocks After Jan 24 Meeting On Coronavirus (NYP)

A wealthy Georgia senator is reportedly the second member of Congress to have dumped massive shares of stocks following a private, chamber-wide meeting on the new coronavirus. Sen. Kelly Loeffler (R-GA), whose husband is the chairman and CEO of the New York Stock Exchange, began selling off more than a million dollars in stocks on the same day as the closed-door Senate meeting on Friday, Jan. 24, reports The Daily Beast. Over the next three weeks, through Feb. 14, Loeffler made 27 sales worth between $1,275,000 and $3,100,000, before the market nosedived and her holdings’ values tanked. She also purchased stocks on Feb. 14 from two work-from-home related companies Citrix, which specializes in teleworking software, and another tech frim, Oracle, according to the report.

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted after the meeting. Even after allegedly dumping her holdings, Loeffler bashed Democrats for playing up the threats of the virus. “Democrats have dangerously and intentionally misled the American people on #Coronavirus readiness,” she tweeted in late February. “Here’s the truth: @realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe.” The freshman senator didn’t make any market moves before the meeting since taking office on Jan. 6, the Daily Beast reported. [..] A spokesperson for Loeffler said the senator didn’t directly handle her stock portfolio and wasn’t aware of the transactions until weeks after the meeting, on Feb 16.

“This is a ridiculous and baseless attack. Sen. Loeffler does not make investment decisions for her portfolio,” the spokesperson said. “Investment decisions are made by multiple third-party advisors without her or her husband’s knowledge or involvement.” She was the second member of Congress to reportedly dump large stock holdings following the briefing. Senate Intelligence Committee Chairman Richard Burr (R-N.C.) and his wife, Brooke, sold between $628,000 and $1.7 million in publicly traded stocks on Feb. 13, a week before the market fell, the Center for Responsive Politics first reported.

Read more …

Insane. These things should have been arranged 2 months ago, whe those senators were selling their stocks.

Untested Health Workers Put Elderly at Risk for Coronavirus

Dr. Jennifer Rhodes-Kropf has reason to fear that she might be infected with the new coronavirus. Just last week, her husband was sick with a dry cough after taking several flights and attending conferences. And this past weekend, her 8-year-old daughter had a high fever and cough. Rhodes-Kropf was able to get her daughter tested for the flu and cytomegalovirus, another common viral infection — and she was negative for both — but she hasn’t been able to get a coronavirus test for herself or anyone else in her family. And while everyone who hasn’t already had the viral illness now sweeping the world is now likely fearing for their health, Rhodes-Kropf has a particular reason to worry: She cares for 185 patients whose an average age is 91.

And if she has the new coronavirus known as SARS CoV-2 and passes it onto them, it could be disastrous. “They’re often very frail,” said Rhodes-Kropf, a geriatrician who practices in Boston. “If they do get the virus, a lot of them would not survive it.” A report released yesterday by the Centers for Disease Control confirms her fears, showing that 27 percent of 130 patients who contracted the virus in the Life Care Center of Kirkland, Washington, had died as of March 9. Rhodes-Kropf, who is now seeing urgent patients after being fitted with an N95 face mask, tried to get tested. She asked her daughter’s pediatrician first and then inquired at a local hospital.

But, even after explaining that she was a doctor caring for many elderly patients and had reason to suspect she might have been exposed, she wasn’t able to find a site that would test her. CDC testing guidelines say that coronavirus testing should be done on people who are residents of affected communities and have symptoms. Nevertheless, many people who are already ill with fever and the dry cough that is a signature of the viral Covid-19 infection are finding it impossible to get tested. For the asymptomatic, it is virtually impossible, even though there is ample evidence that they can spread the disease.

Read more …

Help people who make $10k working 3 jobs. Help health workers risking their lives. This is just grotesque.

Senate GOP Coronavirus Bailout Bill Caps Executive Pay At $425,000 (CNBC)

Executives at companies that would receive bailout cash from the coronavirus-relief bill unveiled by Senate Republicans on Thursday would see their annual compensation capped at $425,000 for two years. The legislation would also allow the government a chance to make money off its investments in these firms. Under the proposal, the American airline industry would receive $50 billion, cargo air carriers would get $8 billion, and other ailing industries would get $150 billion. The money for cargo air carriers was an addition to the White House’s original proposal, a person familiar with the situation told CNBC. Senate Republicans now must negotiate the terms of the final bill with their Democratic counterparts, as well as with lawmakers in the Democratic-controlled House.

According to the measure, no executive at a company receiving money may make more than $425,000 in total annual compensation for two years, retroactive to March 1. Company employees whose salary has already been determined through collective bargaining agreement may be exempt from that restriction. That likely applies to the union workers at companies accepting aid. Politicians on both sides of the aisle have acknowledged a need to offer aid to industries like the airlines, for fear their fall would eliminate jobs for thousands of workers. But Democrats have warned against any corporate aid that appears to be lining the pockets of executives. Republicans have worried about the appearance of flagrant spending.

[..] President Donald Trump said Thursday he would consider taking an equity stake in companies accepting federal aid, a move that would ultimately dilute shareholders. Trump didn’t specify which companies he was referring to but called out those that have bought back stock. Delta, American, Southwest and United airlines have collectively spent about $39 billion over the last five years buying back shares. Democrats have said they may push for more restrictions, like forbidding stock buybacks. Trump himself said he would be “OK” with such a stipulation. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said in a joint statement: “Any economic stimulus proposal must include new, strong and strict provisions that prioritize and protect workers, such as banning the recipient companies from buying back stock, rewarding executives, and laying off workers.”

Read more …

Western countries all have such scenarios waiting as well.

South Korea Success In Virus Control Due To Acceptance Of Surveillance (Conv.)

South Korea has been widely praised for its management of the outbreak and spread of the coronavirus disease COVID-19. The focus has largely been on South Korea’s enormous virus testing programme. What hasn’t been so widely reported is the country’s heavy use of surveillance technology, notably CCTV and the tracking of bank card and mobile phone usage, to identify who to test in the first place. And this is an important lesson for more liberal countries that might be less tolerant of such privacy invading measures but are hoping to emulate South Korea’s success.

While Taiwan and Singapore have excelled in containing the coronavirus, South Korea and China arguably provide the best models for stopping outbreaks when large numbers of people have been infected. China quarantined confirmed and potential patients, and restricted citizens’ movements as well as international travel. But South Korea accomplished a similar level of control and a low fatality rate (currently 1%) without resorting to such authoritarian measures. This certainly looks like the standard for liberal democratic nations. The most conspicuous part of the South Korean strategy is simple enough: test, test and test some more. The country has learned from the 2015 outbreak of MERS and reorganised its disease control system. It has a good, large-capacity healthcare system and a sophisticated biotech industry that can produce test kits quickly.

These factors enable the country to carry out 15,000 tests per day, making it second only to China in absolute numbers and third in the world for per person testing. But because COVID-19 is a mild disease for most people, only a small fraction of patients tend to contact health authorities for testing based on their symptoms or known contact with infected people. Many patients with mild symptoms, especially younger ones, don’t realise they are ill and infecting others. If these patients can’t be found, testing capacity doesn’t mean much. This is where smart city infrastructure comes in. The aim is to work out where known patients have been and test anyone who might have come into contact with them. There are three main ways people are tracked.

First, credit and debit cards. South Korea has the highest proportion of cashless transactions in the world. By tracking transactions, it’s possible to draw a card user’s movements on the map. Second, mobile phones can be used for the same purpose. In 2019, South Korea had one of the world’s highest phone ownership rates (there are more phones than people). Phone locations are automatically recorded with complete accuracy because devices are connected to between one and three transceivers at any time. And there are approximately 860,000 4G and 5G transceivers densely covering the whole country. Crucially, phone companies require all customers to provide their real names and national registry numbers. This means it’s possible to track nearly everyone by following the location of their phones.

Finally, CCTV cameras also enable authorities to identify people who have been in contact with COVID-19 patients. In 2014, South Korean cities had over 8 million CCTV cameras, or one camera per 6.3 people. In 2010, everyone was captured an average of 83.1 times per day and every nine seconds while travelling. These figures are likely to be much higher today. Considering the physical size of the country, it is safe to say South Korea has one of the highest densities of surveillance technology in the world.

Read more …

Screw globalization. Get self-sufficient.

Everyone In Iceland Can Get Tested For The Coronavirus (BF)

As countries around the world scramble to fight back the spread of the coronavirus, Iceland is doing things a little differently from the rest — and the approach could have a much larger impact on our understanding of the virus. The small island nation of 364,000 is carrying out large-scale testing among its general population, making it the latest country to put aggressive testing at the heart of its fight against the pandemic. But — crucially — the testing also includes people who show no symptoms of the disease. Iceland’s government said it has so far tested a higher proportion of its citizens than anywhere else in the world.

The number of individuals tested by the country’s health authorities and the biotechnology firm deCode Genetics — 3,787 — roughly translates to 10,405 per million, which compares to about 5,203 in South Korea, 2478 in Italy, and 764 in the UK. “Iceland’s population puts it in the unique position of having very high testing capabilities with help from the Icelandic medical research company deCode Genetics, who are offering to perform large scale testing,” Thorolfur Gudnason, Iceland’s chief epidemiologist, told BuzzFeed News. “This effort is intended to gather insight into the actual prevalence of the virus in the community, as most countries are most exclusively testing symptomatic individuals at this time.”

Of 3,787 individuals tested in the country, a total of 218 positive cases have been identified so far. “At least half of those infected contracted the virus while travelling abroad, mostly in high-risk areas in the European Alps (at least 90),” the government said on Monday. Those numbers include the first results of the voluntary tests on people with no symptoms, which started last Friday. The first batch of 1,800 tests produced 19 positive cases, or about 1% of the sample. “Early results from deCode Genetics indicate that a low proportion of the general population has contracted the virus and that about half of those who tested positive are non-symptomatic,” said Gudnason. “The other half displays very moderate cold-like symptoms.”

Read more …

The greatest country on earth.

Baltimore Mayor Begs Residents To Stop Shooting Each Other (WJZ)

Baltimore Mayor Jack Young urged residents to put down their guns and heed orders to stay home after multiple people were shot Tuesday night amidst the coronavirus pandemic. Young said hospital beds are needed to treat positive COVID-19 patients and not for senseless violence. Seven people were shot Tuesday night in the Madison Park neighborhood, as Baltimore reported its fifth positive coronavirus case Wednesday. “I want to reiterate how completely unacceptable the level of violence is that we have seen recently,” Young said. “We will not stand for mass shootings and an increase in crime.”


“For those of you who want to continue to shoot and kill people of this city, we’re not going to tolerate it,” Young implored. “We’re going to come after you and we’re going to get you.” He urged people to put down their guns because “we cannot clog up our hospitals and their beds with people that are being shot senselessly because we’re going to need those beds for people infected with the coronavirus. And it could be your mother, your grandmother or one of your relatives. So take that into consideration.”

Read more …

 

 

 

 

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Mar 152020
 


Dorothea Lange One nation indivisible. San Francisco 1942

 

New York Will Be The Next Italy (M.)
America Has No Real Public Health System – Coronavirus Has A Clear Run (Reich)
Hoboken Mayor Imposes Mandatory Nightly Curfew (NBC)
Coronavirus: Why It’s So Deadly In Italy (M.)
France, Spain Implement Massive and Dramatic Quarantine Restrictions (Slate)
UK Doctor: ‘We Don’t Have The Masks, Goggles – Or The Staff’ (G.)
China Could Have Cut 95% Of Cases If It Acted On Whistleblower Warning (HKFP)
Japanese Man Tests Positive For Coronavirus, Again (NHK)
Anti-Inflammatories May Aggravate COVID-19, France Advises (G.)
Google Says It Is Developing A Nationwide Coronavirus Website (R.)
Fed May Announce Commercial Paper Facilities Sunday – BofA (R.)
American Airlines To Cut Nearly All Long-Haul International Flights (R.)
Virgin Atlantic Boss Seeks £7.5 Billion UK Airline Bailout (R.)
‘Euroleaks’: Varoufakis Leaks Recordings Of Secretive Eurogroup Talks (RT)

 

 

France, Spain increase their lockdown measures, but France and Germany still exist on holding their municipal elections. Must be more important than virus response. More important than the survival of small firms too.

In France, over half of COVID19 patients in intensive care are under 60. Holland has 40-50 patients in intensive care, over half of whom are under 50. Some are children. The family of a 16-year old boy on life support in IC pleads with people to take the disease seriously.

Politicians of all colors invent the wheel as they go along, mostly as ignorant as the media whose ignorant news stories they base their decisions on. The model is simple: do the same as others do, so you can blame them when things go awry.

Belgium shut all its stores and bars, Holland did not yet, so Belgians go drinking in cramped Dutch bars en masse. The EU says it has few powers in this, thus ensuring it can’t be blamed.

The US is set for the worst disaster of all, it has to enforce travel restrictions very rapidly or else, ground domestic flights, close down highways, the works. And get hospitals working for ten times as many patients as they’re designed for. Good luck.

The calls for a UBI will grow louder at both sides of the Atlantic, and the power bastions will reject them with equal vehemence and bail out zombie companies instead. Our political systems work only in good times.

 

Cases 157,477 (+ 11,150 from yesterday’s 146,327)

Deaths 5,845 (+ 402 from yesterday’s 5,443)

 

The numbers in this graph are terrifying. 3,500 new cases in Italy in 24 hours.

From Worldometer yesterday evening (before their day’s close)

 

 

This set of graphs from Worldometer has turned almost straight north:

From Worldometer (NOTE: mortality rate is back up to 7%!)

 

 

From SCMP: (Note: the SCMP graph was useful when China was the focal point; they are falling behind now)

 

 

From COVID2019.app: (New format lacks new cases and deaths)

 

 

 

 

“Close everything but grocery stores, banks, and pharmacies. Convert schools into food distribution centers. Bring in the National Guard to provide essential services like food and augment police and emergency services. Issue checks to all New Yorkers for the length of the quarantine for at least $500 per person per month.”

New York Will Be The Next Italy (M.)

Analysis strongly suggests that the NYC metro area has 5–10 days to quarantine the city or face dramatically overwhelmed hospitals, extremely high death rates, and a ruined economy. The outlook for NYC and COVID-19 is bleak. The policy response is far too slow and too weak to meet the needs of the moment.

The Analysis – The NYC region has approximately 400 cases reported as of Friday Mar 13. That number is obviously an underestimate. After accounting for undercounting of asymptomatic cases and failing to detect cases due to under testing, we estimate that between 1,281 and 2,280 people are infected as of yesterday.

Using an SIR Epidemiology Model (described in greater detail in my previous Medium post), we can use the Low and High estimates for infections on 3/13 to project #COVID19 growth through March. Then using those projections for infections, we can use a conservative 10% severity rate to get the number of people who are infected on that day that will require hospitalization (severe & critical cases).

The NYC region has between 1,200 and 3,000 open hospital beds. This analysis suggests that enough people will become infected by March 23 and March 25 that NYC’s hospitals will be fully at capacity approximately 7 days later. (Infected people who will become severely ill do not immediately need medical care upon being infected. There is approximately a 5–7 day incubation period. After which, most severe cases present to the hospital within 2–3 days.)

The Obvious Choice – NYC must implement more severe social distancing measures and potentially fully shut down no later than a week from now in order to avoid overwhelming its hospital system. Think about the choices here: The Status Quo: The governor and the mayor continue to allow the virus to spread at schools, subways, restaurants, cafes, and workplaces. This is the exact same approach Italy took at the beginning of its outbreak. Seriously take a look at this article from two and a half weeks ago when Italy only had 160 cases (vs NYC’s 500+).

“Strict emergency measures were put in place over the weekend, including a ban on public events in at least 10 municipalities, after a spike in confirmed cases in the northern regions of Lombardy and Veneto. Italy’s Health Minister Roberto Speranza announced severe restrictions in the affected regions, which included the closure of public buildings, limited transport, and the surveillance and quarantine of individuals who may have been exposed to the virus. “We are asking basically that everyone who has come from areas stricken by the epidemic to remain under a mandatory house stay,” Speranza said at a Saturday press conference.” — CNN, Feb 24 2020

Sound familiar? It’s the exact same thing New York is trying now. It won’t work here either. After that fails here too, we will wind up with the Italian situation. Overflowing hospitals. Demand at two, three, five times the capacity of the hospitals’ ability to deliver care. What’s worse is that their capacity will decline as cases overflow. Their doctors and nurses will be exposed and have to be quarantined, reducing an already strained workforce. Soon after, chaos in the hospitals will lead to fear in the whole city. You will see reports of people dying in their apartments because there isn’t capacity for them in hospitals. This fear alone will shut down the city. The economy will be ruined and tens, if not hundreds, of thousands of New Yorkers will die this year. This could all start at the beginning of April, if we don’t act within the next 5–10 days.

The Better Alternative: Shut down the city this week. Close everything but grocery stores, banks, and pharmacies. Convert schools into food distribution centers. Bring in the National Guard to provide essential services like food and augment police and emergency services. Issue checks to all New Yorkers for the length of the quarantine for at least $500 per person per month. Limit travel outside of the region. Slow the growth of the virus to a crawl immediately.

Read more …

“In America, the word ‘public’ means a sum total of individual needs, not the common good..”

Robert Reich has drowned himself for 3 years in repetitious and utterly boring Orange Man Bad rhetoric, but this is worth a read.

America Has No Real Public Health System – Coronavirus Has A Clear Run (Reich)

As the coronavirus outbreak in the US follows the same grim exponential growth path first displayed in Wuhan, China, before herculean measures were put in place to slow its spread there, America is waking up to the fact that it has almost no public capacity to deal with it. Instead of a public health system, we have a private for-profit system for individuals lucky enough to afford it and a rickety social insurance system for people fortunate enough to have a full-time job. At their best, both systems respond to the needs of individuals rather than the needs of the public as a whole. In America, the word “public” – as in public health, public education or public welfare – means a sum total of individual needs, not the common good.

Contrast this with America’s financial system. The Federal Reserve concerns itself with the health of financial markets as a whole. Late last week the Fed made $1.5tn available to banks, at the slightest hint of difficulties making trades. No one batted an eye. When it comes to the health of the nation as a whole, money like this isn’t available. And there are no institutions analogous to the Fed with responsibility for overseeing and managing the public’s health – able to whip out a giant checkbook at a moment’s notice to prevent human, rather than financial, devastation. Even if a test for the Covid-19 virus had been developed and approved in time, no institutions are in place to administer it to tens of millions of Americans free of charge. Local and state health departments are already bare bones, having lost nearly a quarter of their workforce since 2008, according to the National Association of County and City Health Officials.

Healthcare in America is delivered mainly by private for-profit corporations which, unlike financial institutions, are not required to maintain reserve capacity. As a result, the nation’s supply of ventilators isn’t nearly large enough to care for projected numbers of critically ill coronavirus victims unable to breathe for themselves. Its 45,000 intensive care unit beds fall woefully short of the 2.9 million likely to be needed. The Fed can close banks to quarantine financial crises but the US can’t close workplaces because the nation’s social insurance system depends on people going to work. Almost 30% of American workers have no paid sick leave from their employers, including 70% of low-income workers earning less than $10.49 an hour.

Vast numbers of self-employed workers cannot afford sick leave. Friday’s deal between House Democrats and the White House won’t have much effect because it exempts large employers and offers waivers to smaller ones. Most jobless Americans don’t qualify for unemployment insurance because they haven’t worked long enough in a steady job and the ad-hoc deal doesn’t alter this. Meanwhile, more than 30 million Americans have no health insurance.

Read more …

Each on and for his own.

Hoboken Mayor Imposes Mandatory Nightly Curfew (NBC)

Days after Hoboken officials announced the city’s first positive case of COVID-19, the mayor declared a mandatory nightly curfew in the latest attempt to stop the spread of the virus. Mayor Bhalla detailed the curfew in a city blogpost late Saturday night, outlining the details of a nightly curfew that will run from 10 p.m. and end at 5 a.m. each night. The curfew is scheduled to begin Monday evening. All Hoboken residents will be required to remain indoors during the curfew hours except for emergencies and required work, the mayor said.


“As I am writing this message on a Saturday evening, I received a call from our Police Chief Kenneth Ferrante notifying me of a bar fight in downtown Hoboken, with at least one person falling in and out of consciousness, and our police having to wait for over 30 minutes for an ambulance to arrive, because our EMS is inundated with service calls,” the mayor said in an online statement. “This is unfortunately a contributing factor why we cannot continue bar operations which can trigger calls for service that are delayed in part because of this public health crisis.” In addition to nightly curfews, restaurants and bars within city limits will only be allowed to offer takeout and delivery options, the mayor said. Food and drink establishments will not be allowed to seat diners during the mandated curfew.

Read more …

Sort of nice, but not satisfying for me. The tweet below says why: testing “methods” are very different. South Korea tests everyone, Italy only tests suspected cases.

Coronavirus: Why It’s So Deadly In Italy (M.)

Many people have already pointed out that Italy has an older population than South Korea. The higher Italian CFR might therefore reflect a higher likelihood that an old person becomes infected with the coronavirus simply because there are more old people among the Italian population. We can easily check the plausibility of this argument by comparing the age structure of the coronavirus cases with the age structure of the total population for both countries. The population data are from the United Nations’ World Population Prospect 2019.


In South Korea, the age structure of the coronavirus cases is remarkably similar to the age structure of the population, in particular for the older age groups. The 20–29-year-olds are still hugely overrepresented among the confirmed cases relative to their population share, but their surplus is balanced by the underrepresentation of cases among the 0–9- and 10–19-year-olds. These three youngest age groups face a very low risk of dying from COVID-19. The South Korean CFR is hence not depressed or exaggerated by an under- or overrepresentation of older Koreans among the confirmed cases.

The same is not true for Italy: The share of confirmed cases at age 70–79 exceeds the population share of this age group by more than a factor of two. Among those aged 80 and more, the case share is almost three times as high as the population share. By contrast, young people and hence low-fatality-risk people are visibly underrepresented among the confirmed cases.

Hence, the question remains why the age distribution of cases is shaped so differently in Italy compared to South Korea. It has also been pointed out that the testing procedures for coronavirus in the countries are very different — Italy has predominantly been testing people with symptoms of a coronavirus infection, while South Korea has been testing basically everyone since the outbreak had become apparent. Consequently, South Korea has detected more asymptomatic, but positive cases of coronavirus than Italy, in particular among young people.

Read more …

The continent locks down. People expect this to last 2 weeks or so. What happens if that becomes 4 months?

France, Spain Implement Massive and Dramatic Quarantine Restrictions (Slate)

More European nations have joined Italy in enacting dramatic measures meant to keep their citizens in their homes for all but the most necessary of circumstances in an effort to slow the spread of the novel coronavirus. On Saturday, Spain ordered all of its citizens to stay in their homes unless they absolutely have to leave to go to work, buy food, seek medical care, or help out elderly or otherwise vulnerable people in need of assistance. All bars, restaurants, and schools were ordered to close. France also ordered all restaurants, bars, cafes, movie theaters, and other “non-indispensable businesses” to close starting at midnight. Grocery stores, pharmacies, banks, and gas stations are some of the only exceptions.

Both countries had seen an uptick in cases in recent days. Spain saw 2,000 new cases on Saturday alone, bringing its total up to more than 5,700. The number of cases in France has recently doubled and the country now has around 4,500 confirmed cases. Italy, the country with the most cases after China, has been operating under these restrictions in a full quarantine since Monday. More than 21,000 people have contracted the virus there, and more than 1,440 people have died from it.

Some non-European countries have taken similar measures. Starting Sunday, all restaurants, cafes, calls, hotels, movie theaters, gyms, and schools in Israel will be closed. Israel, which has less than 200 cases, also banned any foreign visitors from entering the country and gatherings of more than 10 people. Iran, which follows Italy as the third hardest-hit, has closed all schools, universities, sporting events, cafes, restaurants, museums, and movie theaters. And like Italy, it cracked down on travel within the country.

Read more …

Health care for profit doesn’t appear to be the best idea out there. In a nutshell: Systems need redundancy.

UK Doctor: ‘We Don’t Have The Masks, Goggles – Or The Staff’ (G.)

NHS staff are asking the same questions as everyone else about coronavirus. How deadly is it? How do we protect ourselves? Are the government’s tactics right? And how will the health service cope when – and it is when – it leaves large numbers of people seriously ill, many fighting for their lives? These questions are even more pressing for us because within two weeks we will be part of the frontline against a threat that we’ve never seen the like of before. I’m worried that our hospital’s beds are already 98% full. We are full of “social patients” – people medically fit to go but who can’t be discharged because there isn’t a place in a care home for them, or the care package to allow them to go home hasn’t been sorted.

So where are all the people needing life-or-death care from Covid-19 going to go? We’re barely two weeks from being in the same situation as Italy, with huge numbers of people needing to be in hospital. Yet we don’t have enough protective equipment like masks and goggles. And the NHS is under-staffed. We have to haggle with management about a minuscule pay rise for doctors willing to work extra shifts and expose themselves to danger. We don’t have enough isolation rooms or ventilators, which will be vital. Intensive care units will be the NHS’s most precious resource, but ours are close to full most of the time. We’re told of plans to increase ICU capacity. Yet you need a specially trained nurse for each ICU bed. Where will the extra staff come from?

Too few beds, staff and equipment; I’m worried that the NHS is completely ill-equipped to handle Covid-19. When Boris Johnson talks about our wonderful NHS and how well-prepared it is, that’s bullshit. He either doesn’t have a clue or is trying to falsely reassure people. The NHS has been hit hard before, by underfunding, terrorist attacks and tough winters. But usually crises are stretched over a period of time. With coronavirus it will all come at once.

Read more …

Just as Xi starts boasting about the approach, these guys try to spoil the party. Do a study like this for Italy too. And the US.

China Could Have Cut 95% Of Cases If It Acted On Whistleblower Warning (HKFP)

China could have prevented 95 per cent of coronavirus infections if its measures to contain the outbreak had begun three weeks earlier, research from the University of Southampton suggests. However, China only took vigorous action in late January – weeks after police silenced a doctor for trying to raise the alarm. First detected in Hubei, more than 146,000 people globally have now been infected with Covid-19, whilst over 5,500 have died from the SARS-like disease. The study published this week by population mapping group WorldPop measured the effectiveness of nonpharmaceutical interventions. The researchers examined how China isolated ill persons, quarantined exposed individuals, conducted contract tracing, restricted travel, closed schools and workplaces, and cancelled mass gatherings.

The analysis – which has yet to be peer-reviewed – found that early case detection and contact reduction were effective in controlling the virus and combined measures can reduce transmission. They can also delay the timing and reduce the size of the epidemic’s peak, and thus buy time for healthcare preparations and drugs research. The simulations drew on human movement and illness data to model how combined interventions might affect the spread of Covid-19. Coronavirus cases could have been reduced by 66 per cent if the measures were taken a week earlier, the study suggested, or by 86 per cent if action began two weeks earlier. If action was taken three weeks later, then the situation could have worsened 18-fold.

Most efforts to tackle the outbreak took place in late January, weeks after Wuhan ophthalmologist Dr Li Wenliang tried to warn about the mystery disease on December 30. He was among eight people who were punished by police on January 1 for spreading “rumours” about the virus. The Public Security Bureau made Li sign a letter stating that he had made “false comments” and had “severely disturbed the social order.” He died last month of the disease, aged 34, prompting widespread outrage in China.

Read more …

Reinfection, false negative?

Japanese Man Tests Positive For Coronavirus, Again (NHK)

Officials in western Japan’s Mie Prefecture say a man who was a passenger on a cruise ship that was hit by the coronavirus has again tested positive after recovering from infection. The man, who is in his 70s, first tested positive for the virus on February 14 while he was onboard the Diamond Princess, which was under quarantine off Yokohama. He left a medical facility in Tokyo on March 2 after he was confirmed negative. He returned to his home in Mie by public transportation. But he started to feel sick and developed a fever of 39 degrees Celsius on Thursday. He went to hospital on Friday, and on Saturday was confirmed to be infected again. He is now receiving treatment at a hospital in the prefecture. Prefectural officials plan to trace his recent activities and carry out checks of people who have had close contact with him.

Read more …

Something for our medical commentariat.

Anti-Inflammatories May Aggravate Covid-19, France Advises (G.)

French authorities have warned that widely used over-the-counter anti-inflammatory drugs may worsen the coronavirus. The country’s health minister, Olivier Véran, who is a qualified doctor and neurologist, tweeted on Saturday: “The taking of anti-inflammatories [ibuprofen, cortisone … ] could be a factor in aggravating the infection. In case of fever, take paracetamol. If you are already taking anti-inflammatory drugs, ask your doctor’s advice.” Health officials point out that anti-inflammatory drugs are known to be a risk for those with infectious illnesses because they tend to diminish the response of the body’s immune system.


The health ministry added that patients should choose paracetamol because “it will reduce the fever without counterattacking the inflammation”. French patients have been forced to consult pharmacies since mid-January if they want to buy popular painkillers, including ibuprofen, paracetamol and aspirin, to be reminded of the risks. Jean-Louis Montastruc, the head of pharmacology at Toulouse hospital, told RTL radio: “Anti-inflammatory drugs increase the risk of complications when there is a fever or infection.”

Read more …

We really need their greedy fingers in that too.

Google Says It Is Developing A Nationwide Coronavirus Website (R.)

Alphabet’s Google said on Saturday that it was working with the U.S. government to develop a nationwide website that would help Americans with questions about coronavirus symptoms, risk factors and testing. “We are fully aligned and continue to work with the U.S. government to contain the spread of COVID-19, inform citizens, and protect the health of our communities,” Google said in a statement on Twitter. President Donald Trump had thanked Google on Friday for developing a website that he said would help people determine whether they needed a coronavirus test, saying that 1,700 engineers were working on it.


That prompted the search and advertising giant to respond that, in fact, a life sciences division, Verily, was in the early stages of developing a tool to help triage Americans who may need testing for the coronavirus and that it would be tested in the Bay Area and expanded over time. Alphabet’s shares closed up more than 9% after the Friday announcement by the president. Pressure has been rising on U.S. officials to increase and improve testing for the fast-spreading virus, which has reached almost every U.S. state, closed schools and forced the cancellation of thousands of sporting events, conferences and concerts amid efforts to stop its spread by keeping Americans out of big crowds.

Read more …

But bloated corpses contain toxic and smelly gases.

Fed May Announce Commercial Paper Facilities Sunday – BofA (R.)

The Federal Reserve may announce measures on Sunday night aimed at bolstering liquidity in the commercial paper market, used by companies for short-term loans, analysts at Bank of America wrote. The bank’s analysts said they believe the Fed will announce a Commercial Paper Funding Facility, an operation previously used in 2008 in which the Fed buys commercial paper from issuers directly, and a Commercial Paper Dealer Purchase Facility in which the Fed would buy commercial paper from dealers directly. The measures, if taken, would be aimed at buffering the market ahead of potentially large outflows from money market funds in coming days, analysts at the bank wrote.


“We believe it imperative the Fed roll out these facilities on Sunday night given the looming expected prime (money market fund) outflows and necessity of their ability to sell (commercial paper) in order to raise cash,” the report said. “If the Fed waits too long the (money market fund) outflow pressure could mount and the risk of a large scale (money market fund) run could increase.” Liquidity – or the ability for buyers and sellers to easily transact – has dried up in the commercial paper market in recent weeks as the coronavirus has roiled credit markets and hit the price of commercial paper. Expectations of a rush of new issuance has also driven prices lower.

Read more …

“..the changes will result in the airline parking nearly its entire widebody fleet..”

American Airlines To Cut Nearly All Long-Haul International Flights (R.)

American Airlines on Saturday said it will implement a phased suspension of nearly all long-haul international flights starting March 16, amid reduced demand and travel restrictions due to the ongoing coronavirus outbreak. Between March 16 and May 6, American will reduce its international capacity by 75% on a year-over-year basis, it said in a statement, adding the changes will result in the airline parking nearly its entire widebody fleet. The airline also anticipates its domestic capacity in April will be reduced by 20% on a year-over-year basis. Domestic capacity for the month of May will be reduced by 30%, the company added.

Read more …

First you bloat your company beyond proportions, then you demand your recently bloated shape is saved from normalizing.

Save people, not companies.

Virgin Atlantic Boss Seeks £7.5 Billion UK Airline Bailout (R.)

Virgin Atlantic’s chairman Peter Norris will write to British Prime Minister Boris Johnson on Monday saying the country’s airline industry needs emergency government support worth 7.5 billion pounds ($9.20 billion) or risks the loss of tens of thousands of jobs, Sky News reported on Saturday. The letter would ask the British government to provide airlines with a credit facility to help them through a potentially prolonged period of slumping revenue amid the coronavirus pandemic, Sky News said, citing sources.

Read more …

Snowing under in the virus.

‘Euroleaks’: Varoufakis Leaks Recordings Of Secretive Eurogroup Talks (RT)

The former finance minister of Greece, Yanis Varoufakis, has released a cache of audio files, secretly recorded in 2015 during the bailout talks with the Eurogroup – a powerful group of eurozone’s finance chiefs.
The recordings and their transcripts were released by Varoufakis on the website of his ‘pan-European’ DiEM25 party on Saturday. The files –dubbed ‘Euroleaks’– were recorded between February and July 2015, when cash-strapped Athens was entangled in painful talks with its creditors. In 2015, Varoufakis was the chief negotiator for then-ruling Syriza party, dealing with the Eurogroup and those behind it – the so-called ‘troika.’ It comprises the three main lenders of the eurozone nations – the European Commission, the European Central Bank and the IMF.

While the Eurogroup is de-jure an informal group, it is actually a powerful decision-making institute that lacks accountability and transparency – and does not keep any records. The main goal in releasing the recordings is to shed light on its secretive activities, Varoufakis said in a video announcing the Euroleaks. The lenders took a tough, ‘take it or leave it’ stance on Greece, effectively presenting it with an ultimatum. At the same time, they blamed Greek negotiators for stalled talks – and no records were available to prove them wrong.

“You will hear the [then-]president of the Eurogroup [Jeroen Dijsselbloem] and other ministers warn me that if I dare table written proposals within the Eurogroup meetings, that would be the end of the negotiations,” Varoufakis said. “At the very same time they were leaking to the press that I was arriving at Eurogroup meetings without any proposals.” Apart from bringing into the limelight the “intransparent action by an unelected group of politicians who influence all our lives,” the leaks also serve another purpose. The putting in the public domain of the secret recordings is aimed at fighting attempts by the incumbent Greek government to “weaponize fake news,” produced by the Eurogroup back in 2015 to justify new austerity measures for the country, Varoufakis said.

Read more …

 

 

 

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Feb 252020
 


Andreas Feininger Production B-17 heavy bomber at Boeing plant, Seattle Dec 1942

 

The Fall of Wuhan (Ben Hunt)
40-70% Of People Will Be Infected With COVID19 – Epidemiologist (Atl.)
Xi Jinping Rings Alarm On Economy As China Shifts Priority To Growth (SCMP)
Confusion In Wuhan As Move To Ease Coronavirus Lockdown Is Reversed (SCMP)
How Iran’s Death Toll Came To Be The Highest Behind Only China (SCMP)
China Overestimating Economic Recovery By Leaving Out Small Businesses (SCMP)
South Korea To Test 200,000 Sect Members As Pandemic Fears Hit Markets (G.)
Virus Spreads Despite Best Efforts Of Top Healthcare Systems (Fox)
Closures Reveal Vast Scale Of China’s Secretive Wildlife Farm Industry (G.)
Why Didn’t We See That Coming? (Kunstler)
Airline Stocks Tumble As Coronavirus Spreads Outside Of China (CNBC)
Weinstein To Face 8 More Allegations After New York Verdict (G.)
US Proposals To Whitewash Idlib Terrorists Unacceptable – Lavrov (RT)
Julian Assange ‘Suicide Risk’ If Extradited From UK To US – Lawyer (SCMP)
Assange Fight Draws In Trump’s New Intel Chief (Pol.)
Julian Assange ‘At High Risk Of Suicide’ If Extradited To US -Lawyer (Ind.)

 

 

Now that the MSM is slowly and finally waking up to the reality of the virus, the information to read and post and comment on, becomes overwhelming. Last week I twice took out the virus-related info to include in separate articles (Virus Rattles if you will), but today I need the extra time doing that involves, for other things.

Still, one observation: yesterday, we saw the highest daily death toll of the entire crisis. Today, we see the lowest. As Xi is pushing hard for the economy. Credibility remains a major issue.

 

Cases 80,328 (+ 621 from yesterday’s 79,707).

Deaths 2,707 (+ 81 from yesterday’s 2,626)

 

From SCMP:

 

 

 

 

From Worldometer:

 

 

Ben Hunt keeps his eyes on the ball:

“..build dedicated treatment wards before they’re required..”

“..protect healthcare professionals before they get sick..”

“..update our testing and diagnostic capabilities before they are swamped..”

“..bolster our healthcare systems BEFORE the need overwhelms the capacity..”

The Fall of Wuhan (Ben Hunt)

Last week I wrote about the corrupt political response of the World Health Organization to COVID-19. This week I’m writing about the corrupt political response of the United States to COVID-19. Because it’s happened before. In August 2005, the city of New Orleans fell. New Orleans did not fall because of Hurricane Katrina. New Orleans fell because of the corrupt political response to Hurricane Katrina. “We can stabilize the situation. Again, I want to thank you all. Brownie, you’re doing a heckuva job!” – President George W. Bush. In January 2020, the city of Wuhan fell. Wuhan did not fall because of COVID-19. Wuhan fell because of the corrupt political response to COVID-19.

“Wuhan is a heroic city, and people of Hubei and Wuhan are heroic people who have never been crushed by any difficulty and danger in history. All regions and departments performed their duties actively and conscientiously.” – Xi the Commander (no, I am not making this up; this is how the Xinhua news service describes him now … “Xi the Commander”) A corrupt political response is always the same. It never changes in form. It never changes in function. A corrupt political response occurs when a political leader sacrifices national interest for regime or bureaucratic interest … when a constructed narrative of “Yay, Calm and Competent Control!” is maintained for the political benefit of the Leader at the expense of the Led.

Oh, the Leader and his flunkies will convince themselves that the narrative “is in the public interest” … that the narrative will “buy them time” … that the narrative is necessary because “the other side” would do the same or worse if given half a chance. It’s all the excuses that all the Renfields to all the professional politicians tell themselves as they slowly sell their souls. It’s what every President and every Director-General and every Senator and every CEO eventually comes to believe, that their personal interests are identical to “their” people’s interests.

[..] Every once in a very great while, an honest-to-god crisis reveals the political self-interest and mendacity behind your carefully constructed narrative of “Yay, Calm and Competent Control!” . Like the fall of New Orleans revealed George W. Bush. Like the fall of Wuhan revealed Xi Jinping. What we must prevent today is the NEXT city to fall. We must prevent the fall of Daegu. We must prevent the fall of Qom. We must prevent the fall of Milan. Looking ahead, we must prevent the fall of Yokohama. We must prevent the fall of San Francisco. Because containment has failed. What we’re seeing in South Korea, Iran and Italy is what exponential disease propagation looks like in the real world. Real world data is spiky. Real world data is messy. Real world exponential growth looks like nothing, nothing, nothing … then cluster, cluster, cluster … then BOOM!

[..] Containment has failed. And so now we must fight. As individuals that means social distancing. As individuals that means doing what we can to stay healthy and prepare for a storm. As a nation that means a war-footing to build dedicated treatment wards before they’re required, to protect healthcare professionals before they get sick, to update our testing and diagnostic capabilities before they are swamped … to do everything possible to bolster our healthcare systems BEFORE the need overwhelms the capacity. Above all, that means calling out our leaders for their corrupt political responses to date, and forcing them through our outcry to adopt an effective virus-fighting policy for OUR benefit, not theirs. We got this.

Read more …

2nd-3rd scientist saying this. By then mortality rate will likely be 1% or so. But 1% of a huge number is a huge number in itself.

40-70% Of People Will Be Infected With COVID19 – Epidemiologist (Atl.)

The Harvard epidemiology professor Marc Lipsitch is exacting in his diction, even for an epidemiologist. Twice in our conversation he started to say something, then paused and said, “Actually, let me start again.” So it’s striking when one of the points he wanted to get exactly right was this: “I think the likely outcome is that it will ultimately not be containable.” [..] Lipsitch predicts that, within the coming year, some 40 to 70 percent of people around the world will be infected with the virus that causes COVID-19. But, he clarifies emphatically, this does not mean that all will have severe illnesses. “It’s likely that many will have mild disease, or may be asymptomatic,” he said. As with influenza, which is often life-threatening to people with chronic health conditions and of older age, most cases pass without medical care. (Overall, around 14 percent of people with influenza have no symptoms.)

Lipsitch is far from alone in his belief that this virus will continue to spread widely. The emerging consensus among epidemiologists is that the most likely outcome of this outbreak is a new seasonal disease—a fifth “endemic” coronavirus. With the other four, people are not known to develop long-lasting immunity. If this one follows suit, and if the disease continues to be as severe as it is now, “cold and flu season” could become “cold and flu and COVID-19 season.” At this point, it is not even known how many people are infected. As of Sunday, there have been 35 confirmed cases in the U.S., according to the World Health Organization. But Lipsitch’s “very, very rough” estimate when we spoke a week ago (banking on “multiple assumptions piled on top of each other,” he said) was that 100 or 200 people in the U.S. were infected.

That’s all it would take to seed the disease widely. The rate of spread would depend on how contagious the disease is in milder cases. On Friday, Chinese scientists reported in the medical journal JAMA an apparent case of asymptomatic spread of the virus, from a patient with a normal chest CT scan. The researchers concluded with stolid understatement that if this finding is not a bizarre abnormality, “the prevention of COVID-19 infection would prove challenging.” Even if Lipsitch’s estimates were off by orders of magnitude, they wouldn’t likely change the overall prognosis. “Two hundred cases of a flu-like illness during flu season—when you’re not testing for it—is very hard to detect,” Lipsitch said. “But it would be really good to know sooner rather than later whether that’s correct, or whether we’ve miscalculated something.

The only way to do that is by testing.” Originally, doctors in the U.S. were advised not to test people unless they had been to China or had contact with someone who had been diagnosed with the disease. Within the past two weeks, the CDC said it would start screening people in five U.S. cities, in an effort to give some idea of how many cases are actually out there. But tests are still not widely available. As of Friday, the Association of Public Health Laboratories said that only California, Nebraska, and Illinois had the capacity to test people for the virus.

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The sleight of hand used to argue for factories restarting: “Xi said that as many as 1,396 counties and districts, some 46% of the nation’s total, had not reported a single confirmed case of the coronavirus.”

Xi Jinping Rings Alarm On Economy As China Shifts Priority To Growth (SCMP)

President Xi Jinping has rung the alarm bell on China’s economic growth as worries mount over the coronavirus’ impact on the economy, unemployment and global supply chains. Speaking on Sunday, Xi made it clear that the priority for most of the country was to get the world’s second biggest economy up and running after extensive delays. “It is unavoidable that the novel coronavirus epidemic will have a considerable impact on the economy and society,” said Xi in a lengthy televised address that was watched by as many as 170,000 officials and published by state news agency Xinhua. But Xi, China’s most powerful leader in decades, added the country’s social and economic system “can’t be paused for a long”.


The edited version of Xi’s speech was published soon after it was delivered, reflecting the urgency of the guidelines. Containment measures including mandatory quarantine for workers, partial shutdowns of factories and transport restrictions have caused significant disruptions to the economy, which was already growing at record low levels before the virus outbreak. Xi said that as many as 1,396 counties and districts, some 46 per cent of the nation’s total, had not reported a single confirmed case of the coronavirus. These low-risk zones, along with areas with only a small number of infections, should “comprehensively restore production” and life as usual, he said. “Medium-risk” regions should resume production in an “orderly manner”, while the priority for hard-hit areas like Hubei, the province at the centre of the outbreak, was still containing the virus, he said.

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Comments about Wuhan from the video:

• 40 portable incinerators X 30 corpses/incinerator/day = 1,200 corpses/day
• 100 additional portable incinerators ordered
• In addition to 47 crematories running in full capacity
• Another 1MM incinerators on the way!

And people tell me I’m exaggerating!

Confusion In Wuhan As Move To Ease Coronavirus Lockdown Is Reversed (SCMP)

Just three hours after announcing that visitors trapped in Wuhan – the Chinese city at the heart of the coronavirus epidemic – could leave on Monday, authorities reversed the decision, saying it had been made without approval. The local government revoked the notice it said had been issued by a subordinate working group from the city’s disease control command centre without approval from their superiors. “The centre, headed by Wuhan mayor Zhou Xianwang, said the officials who had issued the order without authorisation had been reprimanded. “Wuhan resolutely adheres to the spirit of Chinese President Xi [Jinping] … strictly controls every exit from Wuhan and the management of personnel, in order to prevent the spread of the [coronavirus],” it said in a statement retracting the earlier notice.

Extreme lockdown measures have been in place in Wuhan – capital of Hubei and home to 11 million people – since January 23, with all residential areas quarantined and roads and transport links closed. The retracted order would have allowed non-residents who did not have symptoms of the virus and had not had contact with infected patients to leave the city. It had also said locals involved in disease control efforts or essential daily services such as utilities and the delivery of necessities, as well as those who needed specialist medical treatment outside Wuhan, could leave without permission.

[..] More than 75 per cent of deaths in China from the new coronavirus – which causes a disease known as Covid-19 – have been in Wuhan, where the outbreak is believed to have originated in December. [..] According to Taoran Notes, a social media account affiliated with the official Economic Daily newspaper, the earlier notice had been issued by one of Wuhan’s five deputy mayors without authorisation, but it did not name the official.

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600 “official” cases, 50 deaths. That rhymes with Worldometer’s 9% mortality rate. But sure, it could also mean a huge amount of undetected or unconfirmed cases.

How Iran’s Death Toll Came To Be The Highest Behind Only China (SCMP)

Iran has been thrust to the forefront of rising global concern about the spread of the novel coronavirus after reporting by far the most deaths of any country apart from China. Iranian health officials have confirmed 12 deaths from the Covid-19 disease among 61 cases in the country, while a parliamentarian representing the city at the centre of the outbreak in the country has claimed the death toll stands at 50. Either figure would dwarf death tolls in South Korea, Japan and Italy, until now the most severely-affected countries outside China…

After insisting as recently as last week that the country had no cases of the coronavirus, Iranian authorities on February 19 confirmed the deaths of two elderly people in the city of Qom, about 145km south of the capital Tehran, followed by more fatalities in subsequent days. On February 24, officials raised the death toll to 12, from eight the previous day – making the outbreak in Iran the deadliest outside China. Ahmad Amirabadi Farahani, a lawmaker for the city of Qom, said on the same day there had been in fact 50 deaths, claiming the government was late to announce the outbreak and his city was ill-equipped to deal with the public health emergency.

Deputy Health Minister Iraj Harirchi disputed those claims in a press conference on state television, pledging to resign if the death toll was even one-quarter of the higher figure. [..] After officials earlier speculated about possible sources of the outbreak including Chinese workers and pilgrims from Pakistan, Iran’s health minister Saeed Namaki on Sunday said the contagion was believed to be linked to a merchant from Qom who regularly travelled between Iran and China. The Iranian, who died from the virus, had been using indirect flights to get around a ban on direct flights between the countries introduced at the end of January.

[..] The disproportionately high fatality rate in Iran’s official figures – with about one in five of those infected succumbing to the virus, compared to one in 50 in China – has been taken by some experts as a sign the true number of cases in the country is far higher than currently known. Assuming a fatality rate of about 2 per cent, the official death toll so far would translate into about 600 cases overall in Iran, about 10 times the current count.

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More sleight of hand. I’ve been saying for a long time that it’s sbout SMEs, not Apple suppliers. Small firms account for at least 80% of jobs.

China Overestimating Economic Recovery By Leaving Out Small Businesses (SCMP)

China’s economic recovery amid the coronavirus outbreak has likely been overstated as data only covers larger companies and excludes the vast majority of the smaller workshops and manufacturers. [..] On Monday, National Development and Reform Commission spokesman Cong Liang said that over 90 per cent of industrial enterprises in Zhejiang province, one of the country’s top manufacturing bases, had resumed operation. According to Cong, over 70 per cent of production in the manufacturing and export hubs of Guangdong, Jiangsu, Shandong and Liaoning had also restarted. However, the official figures only cover larger firms, namely enterprises with capacities “above state designated sizes”, which are enterprises that have a minimum annual turnover of 20 million yuan (US$2.85 million), according to the government’s official definition.


China’s state statistics system normally only covers industrial enterprises with an annual turnover above this level as they accounted for around 90 per cent of the nation’s output in terms of value. In addition, the figures concerning firms that have resumed operation overlook the level of production within a specific factory, as the official data classes a factory that may have only resumed slightly more than half of its capacity as having resumed production. [..] The smaller firms, for example, are often unable to met virus prevention conditions set by local governments, including having enough facial masks for employees. A monthly survey of small and medium-sized enterprises (SMEs) in China, conducted by Standard Chartered Bank for the period up to the start of last week, found that firms were on average operating at 42 per cent, while only 47 per cent of workers had returned on average.

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Please imagine how you would test 200,000 people. Do they really have that many test kits? Where do they buy them?

South Korea To Test 200,000 Sect Members As Pandemic Fears Hit Markets (G.)

South Korea has stepped up its “maximum measures” to contain the coronavirus with plans to test around 200,000 members of a secretive church believed to be at the centre of the country’s outbreak. Along with an emergency budget and a crackdown on the hoarding of face masks, the government in Seoul will test members of the Shincheonji Church of Jesus after its founder agreed to provide authorities with the names of all its members in the country. It came as financial markets saw more heavy losses across Asia Pacific on Tuesday over fears the coronavirus was spreading more widely from China and will cause disruption in countries such as South Korea, the world’s 12th biggest economy.

The Nikkei in Tokyo was down 3.3% while the Shanghai Composite sank 2%. Stocks in Australia fell 1.6% and Hong Kong was also in the red although futures trading pointed to a recovery later in the day in European and US markets. In Japan, a fourth person from the Diamond Princess cruise ship died and the country’s education minister said schools with reported coronavirus cases should be temporarily closed. Koichi Hagiuda told reporters on Tuesday that education boards of Hokkaido in northern Japan and Chiba City near Tokyo have been told to take this preventive measure, NHK says.

In China, where 71 new deaths and 508 new cases were reported on Tuesday, health officials said strict control and prevention measures would remain in place in Hubei province, the epicentre of the global outbreak. The national health commission added it would also strictly control the outbound movement of people in Wuhan and other cities in Hubei province with existing traffic controls. At Tianjin University, near Beijing, scientists said they had developed an oral vaccine for Covid-19. The professor who led the project, Huang Jinhai, said the vaccine could also serve as a potential therapy for infected patients. Chinese state media said the university was looking for partners to run clinical trials.

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” South Korea has a fantastic health care system. They tested over 20,000 people and ended up with over 800 positive cases. That’s showing that this is a highly contagious virus..”

Virus Spreads Despite Best Efforts Of Top Healthcare Systems (Fox)

Fears of a global pandemic continue to grow as coronavirus cases spike in several countries, including Italy, South Korea and Iran, as the U.S. stock market nosedived early Monday. A staggering 50 people died in the Iranian city of Qom from the new coronavirus in the month of February, Iran’s semiofficial ILNA news agency reported on Monday. The new death toll is significantly higher than the latest number of confirmed cases that Iranian officials had reported just a few hours earlier, which stood at just 12 deaths out of 47 cases, according to state TV. The 50 deaths date back as far as Feb. 13, according to an Iranian official. Iran previously reported its cases and deaths from the virus on Feb. 19.


Authorities are struggling to contain and understand the outbreak in those countries, where infected cases have skyrocketed as they have increased over 2,000 percent in the past couple of weeks. Italy is considered the site of Europe’s first major outbreak and the largest outside of Asia. The number of infected cases jumped to 152, compared to just three 10 days ago. Siegel told anchor Ed Henry that it’s even “more concerning” to hear there are more than 800 cases reported in South Korea. “I’ve been saying that it’s all about health care infrastructure, that China doesn’t have it, we have it, other Western countries have it. Well, guess what, South Korea has a fantastic health care system. They tested over 20,000 people and ended up with over 800 positive cases. That’s showing that this is a highly contagious virus that is spreading despite the best efforts of top health systems to contain it,” he said.

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China is also the main market for many endangered species from elsewhere in the world. Can we please stop that too? Just boycott the country for allowing rhino, tiger and elephant body parts trade. Full boycott. Here’s our chance..

Closures Reveal Vast Scale Of China’s Secretive Wildlife Farm Industry (G.)

Nearly 20,000 wildlife farmsraising species including peacocks, civet cats, porcupines, ostriches, wild geese and boar have been shut down across China in the wake of the coronavirus, in a move that has exposed the hitherto unknown size of the industry. Until a few weeks ago wildlife farming was still being promoted by government agencies as an easy way for rural Chinese people to get rich. But the Covid-19 outbreak, which has now led to over 1,800 deaths and more than 72,000 known infections, is thought to have originated in wildlife sold at a market in Wuhan in early December, prompting a massive rethink by authorities on how to manage the trade. China issued a temporary ban on wildlife trade to curb the spread of the virus at the end of January and began a widespread crackdown on breeding facilities in early February.


The country’s top legislative officials are now rushing to amend the country’s wildlife protection law and possibly restructure regulations on the use of wildlife for food and traditional Chinese medicine. The current version of the law is seen as problematic by wildlife conservation groups because it focuses on utilisation of wildlife rather than its protection. “The coronavirus epidemic is swiftly pushing China to reevaluate its relationship with wildlife,” Steve Blake, chief representative of WildAid in Beijing, told the Guardian. “There is a high level of risk from this scale of breeding operations both to human health and to the impacts on populations of these animals in the wild.” Further instructions from the National People’s Congress are expected next week to give authorities more tools to enforce the ban and restrict trade until the law is amended.

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“The China boom was a lot like the shale oil “miracle.” They were both great stunts. They produced a lot of stuff by borrowing from the future. Now we have all that stuff and we have to maintain it, keep if running, borrow more money to make that happen… and suddenly, that’s no longer plausible. ”

Why Didn’t We See That Coming? (Kunstler)

And now the Corona virus steps onstage to ramify that situation, beginning with a virtual shut-down of the excessively complex, over-engineered, just-in-time global economy. Things are not being produced and supply lines are shutting down. Car-makers outside China have a couple of weeks before their production lines halt for a lack of parts. But, of course, every other industry will have similar problems and stoppages. Many working Americans are barely getting by from one paycheck to the next. How many missed paychecks will it take for genuine hunger to kick in and desperation with it? We don’t know because the US news media has been busy conjuring the many loves of Vlad Putin.

This is getting serious now. Some of you may have noticed this morning that the stock indexes are heading into the worst open in years. Today, Mr. Market woke up, like Rip Van Winkle, and discovered that the world changed while he was sleeping. There’s a fair chance that the conditions of daily life in America will deteriorate sharply in the months ahead. We’ve been remote-viewing the empty streets of Wuhan and other Chinese cities since January, thinking it was like one of our cable-network horror shows. It’s not inconceivable that an American City, or more than one, will be subject to quarantine, or that a whole lot of people just won’t leave their houses for a period of time. Will the truckers still truck things that people need? We don’t know. How do you hold a political convention in a situation like that, or even an election?

The situation in China may be too far gone already. The country’s finances were a gigantic game of pretend. In the old Soviet Union, beloved by Bernie, the joke was, “they pretend to pay us, and we pretend to work” — not a great formula for enduring prosperity. In China, the updated joke was “we pretend to make loans, and you pretend to pay them back.” The China boom was a lot like the shale oil “miracle.” They were both great stunts. They produced a lot of stuff by borrowing from the future. Now we have all that stuff and we have to maintain it, keep if running, borrow more money to make that happen… and suddenly, that’s no longer plausible. The entire industrialized world has fallen for the debt stunt. Observers have been waiting to see what would finally provoke the unwinding of massive false promises. Looks like the wait is over.

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Gee, what a surprise.

Airline Stocks Tumble As Coronavirus Spreads Outside Of China (CNBC)

Airline stocks fell Monday as fears about the spread of the coronavirus beyond China added to worries about travel demand and the broader economy, despite a drop in fuel prices. American Airlines shares led the S&P 500 lower with an 9.8% slide in midday trading, hitting a more than four-month low. Delta Air Lines’ stock lost 7.2% to the lowest price in nearly four months, while United Airlines was off 4.3%. All U.S. airline stocks were down more sharply than the broader market. The S&P 500 fell 2.6%. Close to 80,000 cases of the virus, now known as COVID-19, have been reported along with at least 2,621 deaths. Cases outside of China, where most of the infections are located, have increased, with Italy reporting more than 220 and South Korea confirming more than 830.


Ireland’s Department of Foreign Affairs and Trade warned citizens not to travel to affected areas, helping drive down shares of European carriers. Budget airline easyJet lost more than 16% while rival Ryanair was down 12%. Deutsche Lufthansa fell 8.8%, British Airways’ parent, International Consolidated Airlines Group, was off 9% and Air France-KLM fell 8.4%. More than 200,000 flights to, from and within China have already been canceled because of the virus, according to aviation consulting firm Cirium, and more disruptions are possible if the virus continues to spread. The coronavirus is expected to eat into carriers’ revenue this year. Air travel demand globally is set to fall for the first time since 2009 and cost airlines some $29 billion — mostly in the Asia-Pacific region — in revenue, the International Air Transport Association warned last week.

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Weinstein still has plenty money to pay for whoever he wants. They couldn’t get him on the most serious charges. Just throw away the key.

Weinstein To Face 8 More Allegations After New York Verdict (G.)

The verdict in the New York case against Harvey Weinstein is only the beginning of the movie mogul’s prosecution, with separate charges against the disgraced producer ahead in Los Angeles. In the most high-profile trial of the #MeToo movement yet, a New York jury on Monday found Weinstein guilty of third-degree rape for an attack in a New York hotel and guilty of a criminal sex act for forcing oral sex on a former television production assistant. The fallen titan of Hollywood, who was taken away in handcuffs, could face 25 years in prison and will have to register as a sex offender. Next, Weinstein is due to face a criminal case in LA, which stems from investigations by law enforcement in southern California into eight allegations.


LA prosecutors have filed charges for two incidents that allegedly occurred within a two-day period. Those charges include forcible rape, forcible oral copulation, sexual penetration by use of force and sexual battery by restraint, carrying a potential 28-year prison sentence. It’s not yet clear how LA prosecutors plan to proceed following Monday’s verdict in New York. Weinstein could be immediately brought to California after his 11 March sentencing in New York. He could pursue a plea deal in LA after his guilty verdict in Manhattan, or he could end up facing a second trial, said Laurie Levenson, criminal law professor at Loyola Law School. Either way, it’s an uphill battle for the former movie producer, she said: “When he heads to LA, he’s already a convicted rapist.”

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Putin is about to hand Erdogan an ultimatum or two. The US must go home.

US Proposals To Whitewash Idlib Terrorists Unacceptable – Lavrov (RT)

Moscow will resist any attempts to whitewash the terrorists holed up in Idlib, Syria, Russian Foreign Minister Sergey Lavrov said, adding that engaging in talks with them as the US is hinting is out of question. Hayat Tahrir al-Sham, an Al-Qaeda offshoot previously known as Al-Nusra, which controls Idlib, has been designated as a terrorist organization not only by the UN, but by the US itself, Lavrov said. However, officials in Washington, including the special envoy for Syria, James Jeffrey, “allow themselves statements, from which a conclusion can be made that ‘it’s not such a terrorist organization anymore’ and that dialogue with it can be established under some circumstances,” he said. “It’s not the first time we hear such hints and we consider them absolutely unacceptable.”


The foreign minister also said that another round of consultations between Russia and Turkey is currently being prepared in ordered “to agree on ways of turning Idlib into a real de-escalation where the terrorists aren’t in charge.” Tensions are high between Moscow and Ankara after Turkey sent troops to Idlib a few weeks ago amid a large-scale offensive by the Syrian military on the last terrorist stronghold in the country. The move provoked clashes between the Turkish and Syrian forces, with casualties on both sides. Ankara is demanding that Moscow pressure Damascus into ceasing its operation, while Russia has told Turkey that its promise to separate the ‘moderate opposition’ from the terrorists still remains unfulfilled.Lavrov insisted that it was no surprise for the Turkish military that the terrorists were being targeted. Earlier Russian-Turkish agreements on Idlib never envisaged that strikes against Hayat Tahrir al-Sham would stop, he added.

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“Edward Fitzgerald QC: Mental state of Assange deteriorating such that there is possibility he may not be able to participate in his own trial. Defense outlines why they believe it’s unjust an oppressive to pursue trial so long after alleged offenses..”


“Julian Assange faces life in prison for publishing true information that was in the public interest..if truth becomes treason we are all in trouble.”

Still, making it all against Trump doesn’t seem the wisest move. Try US Intel. Obviously, Trump’s role is terrible as well, but Assange went into the Embassy in 2012. Trump became president in 2017.

Julian Assange ‘Suicide Risk’ If Extradited From UK To US – Lawyer (SCMP)

Julian Assange should not be extradited to the United States as he would not get a fair trial and would be a suicide risk, his lawyer told a British court hearing on Monday. Assange’s lawyer, Edward Fitzgerald, said extradition would expose Assange to inhumane and degrading treatment by a disproportionate sentence and prison conditions. Fitzgerald said the extradition request was motivated by politics rather than any genuine crimes. He said it would be unjust and oppressive to extradite him because of his mental state and risk of suicide. He said the US attitude to Assange had changed when Donald Trump came to power and that the US president wanted to make an example of his client.


Fitzgerald said in 2013 the US government under former President Barack Obama had decided that Assange should not face any action. But that in 2017, after the 2016 election of Trump, an indictment was brought against Assange. Why the change? “The answer is President Trump came into power with a new approach to freedom of speech and a new hostility to the press amounting effectively to declaring war on investigative journalists,” Fitzgerald said. The indictment was brought, “not on the basis of new revelations, but because it had become politically expedient and desirable,” Fitzgerald said.

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The background Assange’s lawyers will provide. They promise big surprises.

Assange Fight Draws In Trump’s New Intel Chief (Pol.)

Attorneys for Julian Assange [..] plan to introduce evidence in the WikiLeaks founder’s extradition hearing involving President Donald Trump’s new intel chief Richard Grenell. Gareth Peirce, a lawyer representing Assange in his extradition proceedings in London, plans to argue this week that the process to try to extradite her client was abused from early on. Representatives for Assange’s defense team say they expect to introduce recordings and screenshots of communications of a close Grenell associate, including a secondhand claim that Grenell was acting on the president’s orders. Grenell’s sudden embroilment in Assange’s extradition fight comes at an inconvenient time, as Democrats and national security veterans criticize him as ill-suited and unqualified to be the acting director of national intelligence.

And it threatens to spotlight his close relationship with President Trump, feeding the widespread perception that the president is politicizing intelligence work for partisan ends. At the heart of the Assange team’s argument is an ABC News report from last April alleging that, while serving as Trump’s ambassador to Germany, Grenell told Assange’s Ecuadorean hosts that the U.S. government would not pursue the death penalty for Assange if Ecuador allowed British officials to enter its embassy in London and arrest him. Assange’s legal team will claim that Grenell’s role was more extensive than previously known, and that it corrupted the extradition process early on. The suggestion will be that the U.S. was so desperate to get Assange in its custody that American officials, via Grenell, agreed in advance to take a particular sentence off the table before even allowing a trial and sentencing to play out.

The WikiLeaks founder’s attorneys are also expected to present evidence that they believe shows Trump explicitly tasked Grenell with making the offer, thereby politicizing the process. One of Assange’s lawyers, Edward Fitzgerald, hinted at this argument in his opening statement on Monday, when he said that Assange’s prosecution was “not motivated by genuine concerns for criminal justice but politics.” The evidence submitted this week will include new materials submitted to Assange’s legal team by political activist and journalist Cassandra Fairbanks, a staunch defender of Assange who has worked for the Russian state-run news site Sputnik and the far-right outlet Gateway Pundit. She is expected to be listed as a formal witness in the case.

Fairbanks recorded two phone calls she had with one of Grenell’s close associates, Arthur Schwartz, and took screenshots of their conversations about Assange and Grenell. [..] Schwartz appeared to grow frustrated and fearful after Fairbanks tweeted, on Sept. 10, 2019, that Grenell “was the one who worked out the deal for Julian Assange’s arrest.” “I don’t want to go to jail,” Schwartz told Fairbanks in a September 2019 phone call, accusing her of posting “classified information” in the tweet. Fairbanks posted the tweet around the time Grenell’s name was being floated to replace John Bolton as Trump’s national security adviser. “Please. I’m begging you,” Schwartz says in the recording. “They look at you, they see that we speak, that’s bad.”

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The US is trying to make this about the risk Assange has exposed sources to. But in 2013, even anti-Assange paper the Guardian said

The US counter-intelligence official who led the Pentagon’s review into the fallout from the WikiLeaks disclosures of state secrets told the Bradley Manning sentencing hearing on Wednesday that no instances were ever found of any individual killed by enemy forces as a result of having been named in the releases.

Not only did none of them die, they weren’t even hurt. It’s all a fable, coming from US intel hiding behind state secret veils. The actual story for at least some of the releases is more or less the opposite: that Assange spent entire sleepless nights redactingout namea and details in docs that sources like the Guardian wanted to publish in full.

Julian Assange ‘At High Risk Of Suicide’ If Extradited To US -Lawyer (Ind.)

WikiLeaks founder Julian Assange is at “high risk of suicide” if he is sent to the US to face claims he endangered the lives of whistleblowers around the world, a court has heard. At an extradition hearing in London, Assange’s lawyers argued he is the victim of a politically motivated prosecution that forms part of Donald Trump’s “war on investigative journalists”. But the US government claimed some sources had “disappeared” after the WikiLeaks founder put them at risk of “serious harm, torture or even death” by leaking classified information. James Lewis QC, opening the case against Assange, said on Monday that information published by WikiLeaks was useful to enemies of the US.Mr Lewis told Woolwich Crown Court, which is sitting as a magistrates’ court, that most of the charges related to “straightforward criminal activity” in a “conspiracy to steal from and hack into” the Department of Defence computer system.


“These are ordinary criminal charges and any person, journalist or source who hacks or attempts to gain unauthorised access to a secure system, or aids and abets others to do so, is guilty of computer misuse,” the barrister said. “Reporting or journalism is not an excuse for criminal activities or a licence to break ordinary criminal laws.” Mr Lewis said that the US identified hundreds of “at-risk and potentially at-risk people” around the world due to WikiLeaks’ actions and made efforts to warn them of the danger they faced. “The US is aware of sources, whose redacted names and other identifying information was contained in classified documents published by WikiLeaks, who subsequently disappeared, although the US can’t prove at this point that their disappearance was the result of being outed by WikiLeaks,” he added.

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Size matters.

 

 

 

If you read us, please support us. It’s the only way the Automatic Earth can survive. Donate on Paypal and Patreon.

 

Feb 242020
 


John Vachon Rain. Pittsburgh, Pennsylvania 1941

 

 

Wuhan Eases Coronavirus Lockdown As Xi Warns Of Historic ‘Crisis’ (G.)
Large Parts Of China Relax Coronavirus Curbs, Many Report Zero New Cases (R.)
Coronavirus China’s Fastest-Spreading Public Health Crisis – Xi Jinping (SCMP)
Chinese Workers Refuse To Go Back To Work Despite Beijing’s Demands (ZH)
Coronavirus Credit Crunch Hits Millions Of Chinese Firms (BBC)
85% Of Chinese Businesses Set To Run Out Of Cash In 3 Months (ZH)
“Tsunami-Like” Coronavirus Floods South Korea With New Cases (ZH)
COVID19 Did Not Originate In Wuhan Seafood Market – Chinese Scientists (SCMP)
Austria Stops Passenger Train Traffic With Italy Amid Coronavirus Panic (RT)
North Korea Quarantines Foreigners Amid Virus Fears (BBC)
Record Two Million Britons At Risk Of Type 2 Diabetes (Ind.)
What If Bernie Has Already Won This Thing? (Hill)
Chris Matthews Faces Calls For Resignation (Hill)
Chief Magistrate In Assange Case Was Funded By Shadowy Groups (DMav)
An End of Aboriginal Rights and Title (IC)

 

 

Before we get to the virus news, an observation: I was watching Trump arrive in India today on CNN, and thought: poor CNN, they have no choice but to cover this. How can they make him look bad now? Imagined Jeff Zucker, who wanted ONLY impeachment news as that circus went on, pacing up and down his office trying to find an angle. Then they found it: one of the talking heads said Trump and Modi are both right-wing populists who don’t like Muslims! AND they made sure that during Trump’s speech a bit later, there was always a talking head talking, so nobody could hear what Trump said. Well done!

 

As the virus continues to spread, rapidly, China starts to relax lockdown measures in certain regions, citing zero new cases there. For some reason this coincides with plummeting western stock markets and an incredible surge in gold (almost 3%). “As virus fears mount” says the media. “As China relaxes lockdown measures”, says I.

In reality, China makes a Russian roulette (Chinese roulette?) kind of gamble. Beijing realizes that if it doesn’t restart the economy real fast now, problems risk becoming insurmountable. So they say: no new cases in 1-2 days? Let’s go! Workers are less eager to get back, however. After all, they see President Xi declaring this the biggest health crisis, and 2 minutes later telling them it’s safe to take the subway or bus to work.

South Korea (red alert, 800 cases), Italy (152 cases) and Iran (12 deaths) are in various stages of exponential outbreak, and maybe Japan should be in that list as well, if only because infections aboard the Diamond Princess rose to 691. Oh well, maybe it’s good news that the Worldometer mortality rate has dropped to 9% (see below).

Turkey, Pakistan have closed borders with Iran, while Austria and soon others closed them with Italy. Note that the Schengen Treaty is under severe threat from this. Oh, and Axios reports shortages of 150 essential drugs likely.

 

Cases 79,707 (+ 841 from yesterday’s 78,866).

Deaths 2,626 (+ 162 from yesterday’s 2,464, a sharp rise from 102)

 

From SCMP:

 

 

Note: Worldometer mortality rate has dropped to 9%

 

 

 

 

The vast majority of cases and deaths are still in Hubei province, but who cares, we must produce. The economy forces us into the worst possible decisions.

Wuhan Eases Coronavirus Lockdown As Xi Warns Of Historic ‘Crisis’ (G.)

Wuhan, the centre of the coronavirus outbreak in China, has loosened lockdown measures and several provinces have lowered their emergency alert levels, as top officials sought to assure the public that the virus is being contained. On Monday, China’s National Health Commission reported its highest number of deaths in 11 days, with another 150 dead and 409 new cases, bringing the total number of confirmed cases of Covid-19 in China to 77,150. All but one of the fatalities and 11 of the new infections were in Hubei province, the centre of the outbreak.


Officials had delayed the daily announcement of the data, a day after a major speech and meeting held by China’s leader, Xi Jinping. Xi warned the Covid-19 crisis was “both a crisis and a big test” for the country, according to Xinhua News agency. Xi said the virus was a major public health emergency, which had spread quickly, causing the most extensive and difficult-to-contain infection since the founding of the People’s Republic of China. “The outbreak of novel coronavirus pneumonia will inevitably have a relatively big impact on the economy and society,” Xi said, but added that the impact would be temporary and generally manageable. Some observers greeted Monday’s figures with scepticism and as part of efforts to project a sense of control over the crisis. Chinese officials have twice changed the criteria for confirmed infections, making the data harder to parse.

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Key: “China’s GDP may slow in the first quarter, possibly easing to 3% growth or even lower..”

Large Parts Of China Relax Coronavirus Curbs, Many Report Zero New Cases (R.)

Urged to restore economic activity by President Xi Jinping, large parts of China relaxed curbs on transport and movement of people on Monday as reported new cases of the coronavirus outside the worst-hit province fell to the lowest in a month. Figures released by the national health authority on Monday showed 24 out of China’s 31 provinces and regions – including Beijing, Shanghai and populous provinces such as Henan and Anhui – reported zero cases of new infections on Feb. 23, the best showing since it began publishing nationwide figures on Jan. 20. There were just 11 new cases in six other provincial-level jurisdictions, while in Hubei province, the epicenter of the epidemic, the number of new cases fell to 398 from 630 a day earlier.

On Sunday, President Xi hailed the positive trend, and urged businesses to resume work and safeguard jobs. He also told low-risk provinces to restore economic activity and output, while high-risk regions focused on controlling the epidemic. Yunnan, Guangdong, Shanxi and Guizhou on Monday lowered their coronavirus emergency response measures from the most serious level, joining the provinces of Gansu and Liaoning in relaxing restrictions on traffic and movement of people. The coronavirus has infected nearly 77,000 people and killed more than 2,500 in China in one of the most serious public health crises in decades. The pathogen has also spread to other countries such as South Korea, Italy and Iran. Whether or not China can defeat the epidemic is “a major test of (Communist) Party organizations, party members and cadres of all levels,” Xi said, warning officials to avoid complacency.

In the rest of China, factories, businesses and construction sites have already gradually restarted. Large state-owned enterprises have been told to spearhead a recovery in industry while policymakers roll out measures to support struggling small and medium-sized companies. China’s GDP may slow in the first quarter, possibly easing to 3% growth or even lower, from 6% in the previous quarter – which was already the weakest pace in nearly 30 years, economists estimated. “The risk is that, with the emphasis on the economy and a differentiation of regions based on the number of new infection cases, the quality of new infection data reported by local governments could be compromised again,” Nomura wrote in a research note. “Cover-ups could lead to slack preventions…” it said.

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But do go to work!

Coronavirus China’s Fastest-Spreading Public Health Crisis – Xi Jinping (SCMP)

In a meeting on an unprecedented scale, Chinese President Xi Jinping said the coronavirus epidemic was the country’s most serious public health crisis and promised more pro-growth policies to help overcome it. According to state news agency Xinhua, Xi’s address via teleconference on Sunday was open to every county government and every military regiment throughout the country. He said the epidemic was “the fastest spreading, with the most infected and was the most difficult to prevent and control” since the founding of the People’s Republic. “This is a crisis for us and it is also a major test,” he said, acknowledging that the country needed to learn from the “obvious shortcomings exposed” in its response, so it could improve its ability to handle future crises. But Xi also told the Communist Party cadres that “the party Central Committee’s assessment of the epidemic is accurate, all the work arrangements are timely, and the measures adopted are effective”.


“The effectiveness of the prevention and control work has once again demonstrated the significant advantages of the leadership of the Communist Party of China and the socialist system with Chinese characteristics,” he said. He said that controlling the outbreak in the central Chinese city of Wuhan and the wider province of Hubei as well as preventing the epidemic from spreading to Beijing, China’s political centre, were the country’s top two strategic goals. “First, [we must] resolutely curb the spread of epidemic … increase the rate of treatment and cure, and reduce the infection and death rates effectively in Hubei and Wuhan,” he said. “Second, [we need to] make every effort to prevent and control the spread in Beijing … strengthen joint defenses and control in the Beijing-Tianjin-Hebei region, and cut off the source of infection as much as possible.”

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Your virus or your money…

Chinese Workers Refuse To Go Back To Work Despite Beijing’s Demands (ZH)

When we commented earlier that the coronavirus pandemic means that the vast majority of Chinese small and medium enterprises (SMEs) have at most 2-3 months of cash left, a potentially catastrophic outcome that will not only crippled China’s economy but its $40 trillion financial system, we summarized the circular quandary in which Beijing finds itself, to wit: “… unless China reboots its economy, it faces an economic shock the likes of which it has never seen before in modern times. Yet it can’t reboot the economy unless it truly stops the viral pandemic, something it will never be able to do if it lies to the population that the pandemic is almost over in hopes of forcing people to get back to work. Hence the most diabolic Catch 22 for China’s social and economic system, because whereas until now China could easily lie its way out of any problem, in this case lying will only make the underlying (viral pandemic) problem worse as sick people return to work, only to infect even more co-workers, forcing even more businesses to be quarantined.”

Shockingly (or perhaps not at all in light of China’s tremendous human rights record), Beijing has picked output over life expectancy, and in a furious scramble to restart its economy, which as we showed earlier remains flatlined… … according to most high-frequency metrics, it has been “advising” people to get back to work, even as new coronavirus cases are still coming in, in the process threatening to blow out the current epidemic with orders of magnitude more cases as places of employment become the new hubs of viral distribution.

As Bloomberg picked up late on Sunday, following what we said earlier namely that “local governments around the country face a daunting question of whether to focus on staving off the virus or encourage factory reopenings” China’s central and local governments are one again easing the criteria for factories to resume operations “as they walk a tightrope between containing a virus that has killed more than 2,400 people and preventing a slump in the world’s second-largest economy.” This schizophrenic dilemma for a government which faces two equally terrible choices, was best summarized by the following two banners observed in China:

And yet, even with both options equally terrible, Beijing also has no choice but to pick one. As a result, as Bloomberg writes, “the rush to restart has been propelled by China’s leader Xi Jinping and top leaders, who are urging companies to resume production so the country can continue to meet lofty goals for growth and economic development in 2020.” Regular Zero Hedge readers know the rest: with most of Chinese economic output paralyzed, officials in China’s provinces have taken up Xi’s call, with one region after another relaxing rules that had kept more than half the nation’s industrial base idle following the Lunar New Year holiday.

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Why I warn for too much focus on Apple and iPhones: “Small- and medium-sized companies account for 60% of the economy and 80% of jobs..”

Coronavirus Credit Crunch Hits Millions Of Chinese Firms (BBC)

Mounting debts have hit Chinese companies struggling to pay workers and suppliers amid the coronavirus outbreak. President Xi Xinping said on Sunday that China faces a “big test” to combat the virus. The government has asked banks to offer more credit for an economy stunned as the virus spreads rapidly. But a survey of small and medium Chinese firms found millions at the edge of survival. The Chinese Association of Small and Medium Enterprises said around 60% could cover regular payments for only one to two months before running out of cash. Only 10% said they could hold out six months or longer. At the same time, the industry group said that “nearly 60% of the enterprises (surveyed) have resumed work.” Small- and medium-sized companies in China are a particular focus because they account for 60% of the economy and 80% of jobs, according to the People’s Bank of China.

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“..as of last Monday, only about 25% of people had returned to work in China’s tier-one cities..”

85% Of Chinese Businesses Set To Run Out Of Cash In 3 Months (ZH)

And here is the stark reality of China’s T-minus 3 months countdown: 85% of 1,506 SMEs surveyed in early February said they expect to run out of cash within three months, according to a report by Tsinghua University and Peking University. And forget about profits for the foreseeable future: one-third of the respondents said the outbreak is likely to cut into their full-year revenue by more than 50%, according to the Nikkei. “Most SMEs in China rely on operating revenue and they have fewer sources for funding” than large companies and state-owned enterprises, said Zhu Wuxiang, a professor at Tsinghua University’s School of Economics and Management and a lead author of the report.

The problem with sequential supply chains is that these also apply to the transfer of liquidity: employers need to pay landlords, workers, suppliers and creditors – regardless of whether they can regain full production capacity anytime soon. Any abrupt and lasting delays will wreak havoc on China’s economic ecosystem. “The longer the epidemic lasts, the larger the cash gap drain will be,” Zhu said, adding that companies affected by the trade war face a greater danger of bankruptcy because many are already heavily indebted. “Self-rescue will not be enough. The government will need to lend help.”

So where are we nearly two months after the epidemic started? Well, as of last Monday, only about 25% of people had returned to work in China’s tier-one cities, according to an estimate by Japanese brokerage Nomura, based on data from China’s Baidu. By the same time last year, 93% were back on the job. And making matters worse, as we first noted several weeks ago, local governments around the country face a daunting question of whether to focus on staving off the virus or encourage factory reopenings, as the following tweet perfectly captures.

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“..bringing the total of 763, a 25-fold increase in cases in one week,..”

“Tsunami-Like” Coronavirus Floods South Korea With New Cases (ZH)

Update (2200ET): In a release that was about 4 hours late, China’s Hubei province said it has 398 New Coronavirus Cases As Of Feb 23 and 149 New Coronavirus Deaths. Overall, China reported an additional 409 coronavirus cases across the entire nation, and 150 additional deaths as of February 23 vs. 648 additional cases and 97 deaths on February 22. This brings the total number of cases across China to 77,150, and total deaths to 2592. None of these numbers are even remotely credible any more, and serve merely the propaganda purpose of giving the impression that Beijing is winning the war against the spread of the Coronavirus, when in reality nobody has any idea anymore what is going on on the ground in China, and is why workers refuse to show up to their place of business.

Consider this: two days ago, WaPo reporters pointed to a clear case of manipulation where the authorities suppressed the true number of cases. Authorities in Hubei province reported good news Thursday: There were only 349 new coronavirus cases the previous day, the lowest tally in weeks. The bad – and puzzling – news? Wuhan, the capital of Hubei, reported 615 new cases all by itself. And then there was the Hunan doctor who said he had treated no less than 50 patients with coronavirus on the same day official data reported just one new case.

Update (2015 ET): The epidemic in South Korea is accelerating exponentially, with the country reporting 161 additional virus cases, bringing the total of 763, a 25-fold increase in cases in one week, along with two more deaths bringing the death toll there to seven. The Kospi is continuing its decline and is down 3.0% and approached the 2100 level on the downside. More ominously, the number of cases under inspection is nearly 10,000. Earlier in the day, S.Korea elevated the virus alert level to “red”, the highest in its four-tier system. According to Yonhap, in escalating the virus alert level, President Moon said, “a few days from now is a watershed moment.” In the first 30 days, S. Korea seemed to have been effectively combating the Covid-19. But within the past few days, the number of confirmed cases spiked, first linked to a religious sect and now starting to spread across the country. Yet, the city of Daegu and the Gyeongbuk area have a higher concentration of virus cases – representing 84% of the total number of infections – than other regions.

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Let’s check that lab, shall we?

COVID19 Did Not Originate In Wuhan Seafood Market – Chinese Scientists (SCMP)

The novel coronavirus that has claimed the lives of more than 2,400 people did not originate at a seafood market in the central China city of Wuhan as was first thought, according to a new study by a team of Chinese scientists. The severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) was instead imported from elsewhere, said researchers from Xishuangbanna Tropical Botanical Garden under the Chinese Academy of Sciences and the Chinese Institute for Brain Research. The team, led by Dr Yu Wenbin, sequenced the genomic data of 93 SARS-CoV-2 samples provided by 12 countries in a bid to track down the source of the infection and understand how it spreads.

What they found was that while the virus had spread rapidly within the Huanan Seafood Wholesale Market in Wuhan, there had also been two major population expansions on December 8 and January 6. According to the study, which was published on the institute’s website on Thursday, analysis suggested that the coronavirus was introduced from outside the market. “The crowded market then boosted SARS-CoV-2 circulation and spread it to the whole city in early December 2019,” it said. Earlier reports by Chinese health authorities and the World Health Organisation said that the first known patient showed symptoms on December 8, and that most of the subsequent cases had links to the seafood market, which was closed on January 1.

The research went on to say that based on the genome data it was possible that the virus began spreading from person to person in early December or even as early as late November. “The study concerning whether Huanan market is the only birthplace of SARS-CoV-2 is of great significance for finding its source and determining the intermediate host, so as to control the epidemic and prevent it from spreading again,” the research team said.

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Note the use of the word “panic”.

Austria Stops Passenger Train Traffic With Italy Amid Coronavirus Panic (RT)

Authorities in Austria have stopped an incoming train at the Italian border, after it emerged that two passengers may be infected with the Covid-19 coronavirus. Later, all train traffic to and from Italy was halted.
The Eurocity 86 train was stopped at the Brenner Pass border crossing on Sunday, after officials at Italian State Railways told their Austrian counterparts that two passengers on board had fever symptoms consistent with the Covid-19 coronavirus.The train, bound for Munich in Germany, was halted and returned to the Italian side of the alpine crossing, Interior Minister Karl Nehammer confirmed.

Austrian authorities later stopped all train traffic to and from Italy, tabloid newspaper OE24 said on its website. The stoppage marks the first time European borders have been shut following the outbreak of the deadly disease, which surfaced in the Chinese city of Wuhan in late 2019 and has to date spread to more than 30 countries worldwide, killing nearly 2,500 people. At least 100 cases and three deaths have been recorded in Italy, making the Mediterranean country Europe’s coronavirus hotspot, and the only European country to see fatalities. Cities and towns in the northern regions of Lombardy and Veneto have been placed on lockdown, and Venice’s world-famous carnival has ended two days early, as authorities grapple to stop the spread of the illness.

In Milan, grocery stores were emptied by panic-stricken shoppers, and shortages of disinfectant and respirators have been reported. Europe’s largely porous borders could pose a serious risk for further transmission across the continent. However, EU officials have told the public that “there is no need to panic.” “The EU has full confidence in the Italian authorities and the decisions they are taking,” the bloc’s economic affairs commissioner, Paolo Gentiloni, said on Sunday.

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If they have an outbreak, will we ever know?

North Korea Quarantines Foreigners Amid Virus Fears (BBC)

North Korea has quarantined 380 foreigners in a bid to stop the coronavirus from breaking out. The foreigners are mostly diplomats stationed in the capital Pyongyang, said news agency Yonhap, quoting the Korean Central Broadcasting Station. Around 200 foreigners had already been confined to their compounds for the past 30 days – but as that came to an end, the quarantine has been extended. There have not been any reported cases of Covid-19 in North Korea. It’s not known how long the new quarantine for foreigners will last. [..] North Korea has not confirmed any cases – but there are clearly fears of it spreading, as the country shares a border with China.


All foreigners coming into the country must be quarantined for 30 days. There are relatively few foreigners in North Korea, and only around 200 westerners, according to one expert. North Korean authorities have also cancelled the annual Pyongyang marathon, which typically sees people from all over the world participating. Around 3,000 people in North Pyongan province – a north-western region bordering China – are also now under monitoring for reportedly showing suspected symptoms, said state media.

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Reminds me of a doctor in the southern States who said a few years ago: We’re raising a generation of blind amputees.

Record Two Million Britons At Risk Of Type 2 Diabetes (Ind.)

A record number of people are at risk of developing type 2 diabetes, increasing their chances of suffering a heart attack or stroke, the NHS has warned. A “growing obesity crisis” has led to nearly two million people in England being exposed to the condition that causes the level of sugar in the blood to become too high. As part of efforts to tackle the problem, a radical new liquid diet will be available on the NHS to put type 2 diabetes into remission. Five thousand patients will be restricted to 800 calories per day for three months in a pilot to be rolled out from April.


This will be followed by a further nine months of support to help them maintain weight loss. According to new NHS figures, there are 1,969,610 patients registered with a GP who have non-diabetic hyperglycaemia, a condition that puts people at risk of type 2 diabetes. The health service warned the problem could become greater still due to the rise in obesity levels. Projections indicate the growing number of diabetes sufferers could lead to 39,000 extra people suffering a heart attack in 2035 and more than 50,000 experiencing a stroke. One in six hospital beds are now occupied by someone with diabetes, the NHS said.

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If it were just about the votes, sure.

What If Bernie Has Already Won This Thing? (Hill)

Virtually all of the political oxygen in the room over the past two weeks has been consumed by former NYC mayor Mike Bloomberg’s recent rise in the polls. After skipping almost an entire year of campaigning, more than half a dozen debates, as well as the first four caucuses and primaries, suddenly Bloomberg is finding himself taken seriously. Spending nearly half a billion dollars will buy you some attention, it turns out. Certainly, Bloomberg is due for scrutiny, with his extensive history of horrifying statements about the trans community, the financial collapse, stop and frisk, sexual harassment, the NSA — honestly pick a topic and Bloomberg has been on the wrong side of it…

…but I want you to consider the possibility that this 24/7 Bloomberg media frenzy is hiding the real story of the 2020 Democratic primary: Has Bernie Sanders already won this thing? I know. I know. I’m probably getting ahead of myself. We hit Nevada, but we’re still waiting on a Super Tuesday and the truly delegate-rich states. There’s a lot of campaign left to be had, and any number of twists and turns could develop between now and the (possibly contested) Dem convention. But hear me out. By every traditional standard, Bernie Sanders is in a stronger position at this point in the primary process than any Democratic candidate stretching back decades. Bernie received the most votes in the disastrous Iowa caucuses and won the New Hampshire primary as well.

South Carolina follows, and while Bernie is not yet positioned to definitively take first there, he has turned Biden’s once-dominant lead into an effective tie. In the most delegate-rich Super Tuesday states, the RealClearPolitics polling average for California has Bernie up by 12, and Texas effectively tied between Sanders and Biden. He’s looking quite strong in a number of other states. Nationally, Bernie Sanders now holds a 15 point lead over second-place Joe Biden. That’s a jump of 8 points in just one month, as Biden has plummeted. The story is effectively the same when you turn to the much talked about “electability” measure, with Bernie now leading at 30 percent when asked who has the best chance to defeat Donald Trump.

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Bernie the Jewish anti-semite.

Chris Matthews Faces Calls For Resignation (Hill)

MSNBC’s Chris Matthews is under fire after comparing Sen. Bernie Sanders’s (I-Vt.) decisive win in the Nevada caucuses to the Nazi invasion of France in 1940, with some on social media calling for the “Hardball” host to resign. “I was reading last night about the fall of France in the summer of 1940,” Matthews said during MSNBC’s live coverage of the caucuses on Saturday. “And the general, Reynaud, calls up Churchill and says, ‘It’s over.’ And Churchill says, ‘How can that be? You’ve got the greatest army in Europe. How can it be over?’ He said, ‘It’s over.'” Criticism quickly poured in on social media over Matthews using the analogy.


Sanders, who is Jewish, had most of his family killed in the Holocaust. One such response came from Mike Casca, who serves as Sanders’s 2020 communications director. “..never thought part of my job would be pleading with a national news network to stop likening the campaign of a jewish presidential candidate whose family was wiped out by the nazis to the third reich…but here we are.”

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Please let something good come out of Julian’s extradition hearing today. Only 16 spots for the media, that’s not a good sign.

Chief Magistrate In Assange Case Was Funded By Shadowy Groups (DMav)

The senior judge overseeing the extradition proceedings of WikiLeaks publisher Julian Assange received financial benefits from two partner organisations of the British Foreign Office before her appointment, it can be revealed. It can further be revealed that Lady Emma Arbuthnot was appointed Chief Magistrate in Westminster on the advice of a Conservative government minister with whom she had attended a secretive meeting organised by one of these Foreign Office partner organisations two years before. Liz Truss, then Justice Secretary, “advised” the Queen to appoint Lady Arbuthnot in October 2016. Two years before, Truss — who is now Trade Secretary — and Lady Arbuthnot both attended an off-the-record two-day meeting in Bilbao, Spain.

The expenses were covered by an organisation called Tertulias, chaired by Lady Arbuthnot’s husband — Lord Arbuthnot of Edrom, a former Conservative defence minister with extensive links to the British military and intelligence community exposed by WikiLeaks. Tertulias, an annual forum held for political and corporate leaders in the UK and Spain, is regarded by the UK Foreign Office as one of its “partnerships”. The 2014 event in Bilbao was attended by David Lidington, the Minister for Europe, while the Foreign Office has in the past funded Lord Arbuthnot’s attendance at the forum. The Foreign Office has long taken a strong anti-Assange position, rejecting UN findings in his favour, refusing to recognise the political asylum given to him by Ecuador, and even labelling Assange a “miserable little worm”.

Lady Arbuthnot also benefited financially from another trip with her husband in 2014, this time to Istanbul for the British-Turkish Tatlidil, a forum established by the UK and Turkish governments for “high level” individuals involved in politics and business. Both Tertulias and Tatlidil are secretive gatherings about which little is known and are not obviously connected — but Declassified has discovered that the UK address of the two organisations has been the same. Lady Arbuthnot personally presided over Assange’s case as judge from late 2017 until mid-2019, delivering two controversial rulings. Although she is no longer personally hearing the Assange extradition proceedings, she remains responsible for supporting and guiding the junior judges in her jurisdiction. Lady Arbuthnot has refused to declare any conflicts of interest in the case.

The new revelations follow previous investigations by Declassified showing that Lady Arbuthnot received gifts and hospitality in relation to her husband from a military and cybersecurity company exposed by WikiLeaks. Declassified also revealed that the Arbuthnots’ son is linked to an anti-data leak company created by the UK intelligence establishment and staffed by officials recruited from US intelligence agencies behind that country’s prosecution of the WikiLeaks founder.

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Canada’s Supreme Court was very clear in 1997. But various governments, including Trudeau’s, piss on them. Love the photo, and the cape.

No Surrender: An End of Aboriginal Rights and Title (IC)

The Wet’suwet’en Nation has never signed treaties or ceded territory to the Canadian government — a fact that its leaders have defended fiercely in court as well as on the ground. Its hereditary chiefs were behind a landmark Supreme Court of Canada decision in 1997 known as Delgamuukw vs. the Queen, which recognized the existence of aboriginal title, whereby Indigenous people have the right to “exclusive use and occupation” of territory. However, because of a technicality, the court did not resolve the boundaries of the Wet’suwet’en’s claim to 8,500 square miles of land, stating that title would have to be sought through separate legal or treaty-making proceedings, which were never completed.

Documents obtained by the Canadian publication The Narwhal show that the Delgamuukw decision sent chills through Canadian extractive industries. The documents indicate that the government of British Columbia, a province largely made up of unceded territory, rushed to reassure industry officials, inviting them to provide input on a treaty-making process meant to settle questions over authority on unceded land. In one memo, describing a meeting held in the wake of the ruling, Marlie Beets, then vice-president of the B.C. Council of Forest Industries, told B.C. officials that Indigenous nations must hand over their land to Canada. “The decision makes the need for certainty through surrender all the more clear,” she said. “We see no other alternative.”

Other industries echoed the alarm. “The oil and gas industry in particular has expressed concern about their ability to continue to do business in the province absent a clear direction from the government on how it will address the implications of the Delgamuukw decision,” stated a memo by a Delgamuukw strategy team formed by the government. At a meeting set up by British Columbia’s treaty officials, one lawyer, whose client is unclear, underlined that “what is needed is a clear exchange and an end of Aboriginal rights and title for a defined set of treaty rights.”


Ts’akë ze’ Howihkat, Freda Huson, passes an installation of red dresses as she waits for police to enforce Coastal GasLink’s injunction at the Unist’ot’en healing center on Feb. 9, 2020. The red dresses are a symbol of the thousands of missing and murdered Indigenous women and girls. Photo: Amber Bracken

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If you read us, please support us. It’s the only way the Automatic Earth can survive. Donate on Paypal and Patreon.

 

Feb 102020
 


Arnold Genthe 17th century Iglesia el Carmen, Antigua, Guatemala 1915

 

Japan: 60 More Coronavirus Infections On Diamond Princess Cruise Ship (SCMP)
iPhones Will Display China’s Back-to-Work Power (R.)
Beijing Officially Declares Lockdown (GNews)
Taiwan’s Foxconn Gets OK To Restart Plant In Zhengzhou, China (R.)
Nikkei Denies Reuters Story That Foxconn Will Restart Production (ZH)
Shenzhen Denies Blocking Apple Supplier Foxconn From Resuming Production (R.)
Amazon Latest To Pull Out Of Major Barcelona Tech Show (BBC)
Millions Left Wuhan Before Quarantine. Where Did They Go? (AP)
The Mysterious Origin of the Wuhan Coronavirus (ET)
Rick Gates Told Mueller The Black Ledger Was Fabricated (Solomon)

 

 

Lots of ‘China back to work’ articles today, because I was curious how that would go. Well, it’s not clear -what a surprise. Beijing put itself on lockdown today, maybe that’s a clear sign. They, too, must have seen that the cruise ship floating off Yokohama found an additional 60 infections. And factories, like trains etc., can be almost as bad as cruise ships in spreading viruses.

The best line on the topic is perhaps that Citi estimates that by Tuesday, only 30% of China’s total workforce will be able to return to work. Much less today. Reuters claims that Foxconn can open its Zhengzhou factories, only to have Nikkei deny it. Nikkei in turn says Shenzhen ordered Foxconn’s plants there shut, but Shenzhen denies that.

That Amazon, LG, Ericsson and NVIDIA have all withdrawn from a conference as far away as Barcelona should also tell you something about the overall mood. People say: how iPhones fare will tell you a lot. I say: look at the less iconic stuff.

 

• Deaths 910, up 97 from yesterday’s 813 – people say: Daily Record! I say: every day has been a record so far, or the same as the day before.

• New cases 2,973 from 2,652 yesterday – no more levelling off

• Global confirmed cases 40,614

Hubei

• 29,631 confirmed cases
• 871 deaths
• 1,795 discharged from hospitals
• 73,127 under medical observation

 

Note: the SCMP app where the numbers below come from appears to have some troubles. The detailed numbers are not there. At first, no numbers at all. Then they re-appeared, and then started counting backward. But they’re about right as official numbers go.

 

 

 

 

Petri dish. Newer studies suggest the virus can survive 9 days on surfaces. Good luck.

Japan: 60 More Coronavirus Infections On Diamond Princess Cruise Ship (SCMP)

Testing aboard the Diamond Princess cruise ship in Japan has found 60 more confirmed cases of the novel coronavirus, national broadcaster NHK said on Monday. That brings total cases on the ship docked in Yokohama, south of Tokyo, to 130. Japanese authorities have so far tested about 280 people on board the Diamond Princess, which was placed on a two-week quarantine after a former passenger, who disembarked in Hong Kong last month, was diagnosed with the coronavirus. About 3,700 people are on board the vessel, which usually has a crew of 1,100 and a passenger capacity of 2,670.


The Princess Cruise website describes the ship as “your home away from home” and it will remain so for most passengers at least until February 19. The quarantine period could be extended if necessary, a Japanese government official said. One of those found infected is in serious condition. Many on board are elderly and at greater risk of developing complications from the virus. Mike Ryan, the World Health Organisation’s top emergency expert, said new cases would push back the quarantine. “We need to find a way to break that vicious cycle and find a way of organising the patients on board in a way that we can get people off the ship in due course, Ryan said.

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Sure sounds strict.

Beijing Officially Declares Lockdown (GNews)

As the novel coronavirus spreads from Wuhan, China has been implementing “closed management” by putting 80 cities under lockdown. Today, Beijing authorities also issued a “Strict Closed Management of Residential Communities” in an epidemic prevention and control announcement. It is an official declaration that Beijing, the country’s capital city of China, is now under lockdown. According to the notice, Beijing will further enforce “community closed management” in a strict manner. Outside vehicles and personnel are not allowed to enter the city. People arriving in Beijing must also report their health status and complete the registration of personal information. Those who have left the epidemic area or have physical contact with persons in the epidemic area within 14 days of their arrival at Beijing, shall be inspected or quarantined at home in accordance with the regulations.


They should take the initiative to report their health conditions, and cooperate with relevant management services. They shall not go out. Anyone who refuses to accept epidemic prevention measures such as medical observation and home quarantine constitutes a violation of public security management and shall be severely punished by the public security bureau according to the law. In addition, all public places in the Beijing community that are not essential for people’s living are closed. All agencies and enterprises must strictly strengthen body temperature monitoring. Housing agencies and landlords in Beijing must provide local government with information on rental houses and tenants. This is a measure for epidemic prevention.

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I’m still not convinced. But I realize that Xi really really wants it.

China Slowly Gets Back To Work (R.)

Authorities told businesses to add up to 10 extra days onto Lunar New Year holidays that had been due to finish at the end of January. Even on Monday, a large number of workplaces remained closed and many people worked from home. Few commuters seen during the morning rush-hour on one of Beijing’s busiest subway lines. All were wearing masks. Jin Yang, who works in a department of China’s State Administration of Foreign Exchange, rode a bicycle to work instead of public transport. Staff were told to wear masks, avoid face-to-face meetings and the canteen was closed. Another employee surnamed Chen said the insurance company he worked for had barred people from taking public transport. “I usually take subways but this morning it cost me 200 yuan one way by cab,” he said.

Hubei, the province of 60 million people that is the hardest hit by the outbreak, remains in virtual lockdown, with its train stations and airports shut and its roads sealed off. The extended closure of factories in the world’s second-largest economy has raised concerns about disruptions cascading through global supply chains. China’s central bank has taken a raft of steps to support the economy, including reducing interest rates and flushing the market with liquidity. From Monday, it will provide special funds for banks to re-lend to businesses combating the virus. Taiwan’s Foxconn has received Chinese government approval to resume production at a key plant in the north China city of Zhengzhou, a source with direct knowledge of the situation told Reuters on Monday.

But the southern city of Shenzhen rejected a company request to resume work at a plant there. Tesla, Daimler and Ford Motor are among carmakers that have said that they will restart production at their factories on Monday. Gaming giant Tencent Holdings said it had asked staff to continue working from home until Feb. 21. Samsung Electronics resumed production at its home appliance factory in China on Monday, while it continues to run its chip factory there, a spokeswoman said. It extended the suspension of work at a television factory to Feb. 17. Hyundai said its suppliers in China resumed production but volume was negligible. Kia Motors is suspending production at all three Korean plants due to a shortage of parts, although one of them will resume production on Tuesday.

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Beijinng can make iPhones a priority, knowing the west will watch them more than other products. So, bad barometer.

iPhones Will Display China’s Back-to-Work Power (R.)

The next iPhones will test China’s ability to restart its economy. Apple supplier Foxconn, formally known as Hon Hai Precision Industry, is re-opening a key Chinese plant as authorities ease curbs. But the handset-maker and other companies face labour shortages as workers struggle to travel with ongoing contagion fears around a coronavirus outbreak. It’s a reminder of the complexity of restarting supply chains. Foxconn has won permission to resume operations at its mega Zhengzhou facility in northern China. Production at the plant, which some analysts reckon account for the bulk of the iPhone’s assemblies, has been halted for over two weeks.

The company is still in talks with officials to restart two other major plants, according to Reuters. One, in the southern city of Shenzhen, is focused on new iPhone models slated for this year, local media reports. There are practical limitations, though. Barely 16,000 workers, less than 10% of the workforce, returned to the Zhengzhou factory, Reuters reported on Monday [..] Many employees of Chinese companies crisscrossed the country to go back to their hometowns for the Lunar New Year holiday, that was then extended. Citywide lockdowns make it hard for people to move around. Analysts at Citi estimate that by Tuesday, only 30% of China’s total workforce will be able to return to work.

And that doesn’t factor in the immense challenge of preventing fresh cases of infection on factory floors. Most companies may have to enforce additional quarantines for people returning from virus-hit areas, as well as implement daily temperature checks. Foxconn has even resorted to manufacturing its own surgical face masks – up to two million a day – for its hundreds of thousands of employees. Following China-U.S. trade tension, the current disruption will fuel debate about the merits of companies allowing supply chains to consolidate too much in a single country. China’s looming labour shortage, though, is even more pronounced because the virus outbreak coincided with the holidays.

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Or do they?

Taiwan’s Foxconn Gets OK To Restart Plant In Zhengzhou, China (R.)

Taiwan’s Foxconn has received approval to resume production at a plant in the northern Chinese city of Zhengzhou that had been shuttered due to a coronavirus outbreak, a person with direct knowledge of the matter told Reuters on Monday. About 16,000 people, or under 10% of Foxconn’s workforce in Zhengzhou, have returned to the plant, the person said, adding that company executives were “trying very hard” to negotiate with authorities to resume production in other parts of China. The development comes as the coronavirus outbreak – declared a global health emergency by the WHO – threatens to disrupt Chinese manufacturing and force policymakers to ready measures to stabilize the economy.


At Foxconn, the delayed resumption of operations could impact the global technology supply chain and shipments to customers including Apple Inc, a source with direct knowledge of the matter previously told Reuters. The contract manufacturer is in talks to resume production at key plants including in Shenzhen and Kunshan, said the person on Monday [..] Tens of thousands of Foxconn employees have returned to work following an extended Lunar New Year holiday. They have been told to wear masks, undergo temperature checks and adhere to a specified dining system, showed internal memos reviewed by Reuters. Most senior Taiwanese officials have been told to refrain from returning to China and those who needed to do so required approval from Chairman Liu Young-Way, the person said.

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Are these contradictory stories spread on purpose?

Nikkei Denies Reuters Story That Foxconn Will Restart Production (ZH)

[..] after futures sprinted into the green following a Reuters report that Foxconn had received Chinese government approval to resume production at a key plant in the northern China city of Zhengzhou, Nikkei now denies this, reporting that “Foxconn’s plan to resume production on Monday has been called off by the Chinese authorities due to worries surrounding the coronavirus outbreak” The Japanese publication adds that “the action further worsens the supply chain disruption for global electronics companies, including Apple, Amazon, Google and Huawei. Foxconn is the world’s biggest iPhone assembler, and it makes Huawei smartphones and Amazon Kindle tablets as well as echo speakers, while it also supplies HP, Dell and most the major electronics brands.”


Public health experts in Shenzhen informed Foxconn, which trades as Hon Hai Precision Industry, that its factories there face “high risks of coronavirus infection” after conducting on-site inspections and therefore are not suitable to restart work, four people familiar with the matter told Nikkei. “Violation of epidemic prevention and control could potentially face the death penalty,” the internal meeting memo seen by the Nikkei Asian Review said. More importantly, Foxconn’s Zhengzhou complex, which according to Reuters would reopen on Monday, also canceled plans to resume work on Monday, they said.

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Where politics meets business. Local officials feel the heat from all sides.

Shenzhen Denies Blocking Apple Supplier Foxconn From Resuming Production (R.)

Local Chinese authorities have not blocked Apple supplier Foxconn from resuming production amid a coronavirus outbreak, they said in a statement on Sunday, denying an earlier report in the Nikkei Business Daily. The Nikkei, citing four people familiar with the matter, said on Saturday that public health experts had carried out inspections at Foxconn’s factories and told the company that there was a “high risk of coronavirus infection” at the facilities, making them unsuitable for a production restart. Shenzhen’s Longhua district, where Foxconn’s largest factory is located, said in a statement on its official WeChat account on Sunday that those reports were untrue and that it was still conducting checks, adding that the company would restart production once inspections were completed.


It said it had received proposals from three Foxconn subsidiaries on Feb. 6 detailing how the Taipei-headquartered firm, which makes smartphones for Apple and other brands, planned to put in place epidemic prevention and control measures. The thousands of workers that work in Foxconn’s factories will need to wear masks, undergo temperature checks, and adhere to a dining system considered safe, it said in the statement.

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How far is that from Wuhan?

Amazon Latest To Pull Out Of Major Barcelona Tech Show (BBC)

Amazon is the latest major company to pull out of one of the world’s largest tech shows because of risks posed by coronavirus. Amazon said “due to the outbreak and continued concerns about novel coronavirus” it would no longer take part in Mobile World Congress in Barcelona. The organiser said the event, which attracts 100,000 people, will go ahead. But it admitted other companies are considering whether to attend. South Korea’s LG Electronics, Ericsson, the Swedish telecoms equipment-maker, and US chip company NVIDIA have already withdrawn from the conference which runs between 24-27 February.


The GSMA, which organises the show in the Spanish city, said that while it could “confirm some large exhibitors have decided not to come to the show this year with others still contemplating next steps, we remain more than 2,800 exhibitors strong”. However, it revealed that it had put in place additional measures to “reassure attendees and exhibitors that their health and safety are our paramount concern”. These include a ban on all travellers from China’s Hubei province, the epicentre of the outbreak, while people who have been in China must provide proof they have been outside the country for 14 days.

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Most stayed in China. That’s at least something.

Millions Left Wuhan Before Quarantine. Where Did They Go? (AP)

For weeks after the first reports of a mysterious new virus in Wuhan, millions of people poured out of the central Chinese city, cramming onto buses, trains and planes as the first wave of China’s great Lunar New Year migration broke across the nation. Some carried with them the new virus that has since claimed over 8 00 lives and sickened more than 37,000 people. Officials finally began to seal the borders on Jan. 23. But it was too late. Speaking to reporters a few days after the the city was put under quarantine, the mayor estimated that 5 million people had already left. Where did they go?

An Associated Press analysis of domestic travel patterns using map location data from Chinese tech giant Baidu shows that in the two weeks before Wuhan’s lockdown, nearly 70% of trips out of the central Chinese city were within Hubei province. Baidu has a map app that is similar to Google Maps, which is blocked in China. Another 14% of the trips went to the neighboring provinces of Henan, Hunan, Anhui and Jiangxi. Nearly 2% slipped down to Guangdong province, the coastal manufacturing powerhouse across from Hong Kong, and the rest fanned out across China. The cities outside Hubei province that were top destinations for trips from Wuhan between Jan. 10 and Jan. 24 were Chongqing, a municipality next to Hubei province, Beijing and Shanghai.

The travel patterns broadly track with the early spread of the virus. The majority of confirmed cases and deaths have occurred in China, within Hubei province, followed by high numbers of cases in central China, with pockets of infections in Chongqing, Shanghai and Beijing as well. “It’s definitely too late,” said Jin Dong-Yan, a molecular virologist at Hong Kong University’s School of Biomedical Sciences. “Five million out. That’s a big challenge. Many of them may not come back to Wuhan but hang around somewhere else. To control this outbreak, we have to deal with this. On one hand, we need to identify them. On the other hand, we need to address the issue of stigma and discrimination.”

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Too many theories to keep up.

The Mysterious Origin of the Wuhan Coronavirus (ET)

Scientific studies based on phylogenetic analysis have researched the sequence of the novel coronavirus, compared it to other coronavirus sequences, and found it likely originated in bats. Researchers from the Wuhan Institute of Virology found the genome in the virus found in patients was 96 percent identical to that of an existing bat coronavirus, according to a study published in the journal Nature. But there have been other theories as well. One Chinese study suggested, for example, that snakes were the source of transmission to humans. However, many scientists believe that reptiles are a less likely source and that mammals like rats and pigs, and some birds, have been the primary reservoir for coronaviruses.

With this in mind, phylogenetic studies of viral genome sequences need to be supported by animal studies to confirm the origin of the infection, as well as to determine whether there is an intermediate host. It is not an easy task for a virus to establish zoonotic transmission, and coronaviruses rarely leap from animal to human infection with high transmissibility. There is even less chance to see a coronavirus leap directly from bats to humans. To infect new hosts, mutations need to occur with the viral surface proteins and/or envelope and structural genes, so that the mutated viruses can bind and enter the cells of new species, and efficiently complete the replication cycles in the new hosts. Some scientists have argued that coronaviruses can jump directly to humans, without mutating or passing through an intermediate species.

However, an intermediate host was clearly needed to establish zoonotic transmission to humans in the previous outbreaks of coronaviruses. Many studies suggested that the bat coronavirus jumped from its natural host bats to civets and then to humans during the 2003 SARS outbreak, and it jumped from bats to camels and then to humans for the MERS outbreak. So, civets and camels would serve as intermediate hosts for zoonotic transmission. Because bats were not sold at the Huanan market in Wuhan—the epicenter of the infection—at the time of the outbreak, this suggests the existence of another intermediate animal host that may have transferred the virus to humans. What is the most puzzling is that there have been no reports on the testing of animal samples collected in any epicenters in Wuhan, especially at the Huanan seafood market, to identify what animals might be the host or intermediate hosts of this novel Wuhan coronavirus.

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Both the Steele dossier and the black ledger are fabricated files.

Rick Gates Told Mueller The Black Ledger Was Fabricated (Solomon)

One of Robert Mueller’s pivotal trial witnesses told the special prosecutor’s team in spring 2018 that a key piece of Russia collusion evidence found in Ukraine known as the “black ledger” was fabricated, according to interviews and testimony. The ledger document, which suddenly appeared in Kiev during the 2016 U.S. election, showed alleged cash payments from Russian-backed politicians in Ukraine to ex-Trump campaign chairman Paul Manafort. “The ledger was completely made up,” cooperating witness and Manafort business partner Rick Gates told prosecutors and FBI agents, according to a written summary of an April 2018 special counsel’s interview. In a brief interview with Just the News, Gates confirmed the information in the summary. “The black ledger was a fabrication,” Gates said.

“It was never real, and this fact has since been proven true.” Gates’ account is backed by several Ukrainian officials who stated in interviews dating to 2018 that the ledger was of suspicious origins and could not be corroborated. If true, Gates’ account means the two key pieces of documentary evidence used by the media and FBI to drive the now-debunked Russia collusion narrative — the Steele dossier and the black ledger — were at best uncorroborated and at worst disinformation. His account also raises the possibility that someone fabricated the document in Ukraine in an effort to restart investigative efforts on Manafort’s consulting work or to meddle in the U.S. presidential election.

Much mystery has surrounded the black ledger, which was publicized by the New York Times and other U.S. news outlets in the summer of 2016 and forced Manafort out as one of Trump’s top campaign officials. After gaining wide attention as purported evidence of Russian ties to the Trump campaign, the ledger was never introduced as evidence at Manafort’s 2018 trial or significantly analyzed in Mueller’s final 2019 report, which concluded that Trump did not collude with Russia to influence the 2016 election. No FBI 302 interview reports have been released either showing what the FBI concluded about the ledger. Gates’ interview with the Mueller team now provides a potential clue as to why.

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The Automatic Earth will not survive without your support. Please help.

 

Feb 092020
 


Dorothea Lange Play street for children. Sixth Street and Avenue C, NYC June 1936

 

Authorities Order Foxconn To Keep Chinese Facilities Closed (AI)
China To Stagger Back To Work As Coronavirus Deaths Surpass SARS (R.)
In-Hospital Infection Blamed In Wuhan Hospital (NHK)
Coronavirus Outbreak Has Affected 4 Different Cruise Ships (H.)
Still No Port For Cruise Ship Westerdam (NHK)
Five Britons Contract Coronavirus In French Ski Resort (R.)
Coronavirus Brings China’s Surveillance State Out Of The Shadows (R.)
Coronavirus Threatens The Chinese Communist Party’s Grip On Power (SCMP)
Yesterday’s Gone: Iowa Was Waterloo for Democrats (Taibbi)
The Billion-Dollar Disinformation Campaign to Reelect the President (Atl.)
A Stock Market Boom Is Not The Basis Of Shared Prosperity (Palley)
Argentina Won’t Repay IMF Debt Till Recession Over – VP Kirchner (R.)

 

 

Late last night in my present timezone, CET, initial new coronavirus numbers came out and everyone said they meant the virus has now killed more people (805-806) than SARS. Everyone except for SCMP which cited a WHO number of 813 SARS deaths (they still haven’t figured that out after 17 years). And then, wouldn’t you know, when I got up in the morning, SCMP had revised their new deaths number to … exactly 813. If I weren’t born so wonderfully gullible I would ask myself something.

Global death toll for new coronavirus hits 805, exceeding that of SARS

The global death toll from the new coronavirus is now at 805, higher than that of SARS. Hubei province reported Sunday morning that there were 81 additional deaths, bringing the total number of fatalities in the mainland to 803 so far. The global death toll for the new coronavirus currently stands at 805, including one death in the Philippines and another in Hong Kong. That compares to the SARS outbreak which killed at least 774 people and infected 8,096 people worldwide in 2002 and 2003, according to data from the World Health Organization.

NOTE: SARS deaths took 9 months. This epidemic is just 1-2 months old.

China’s Hubei reports 81 deaths, global total just short of WHO’s SARS figure

China’s Hubei province, the epicentre of the novel coronavirus epidemic, reported 81 new deaths from the disease on Saturday, bringing the province’s total fatalities from the outbreak to 780. Total deaths globally stood at 805, just short of the 813 total fatalities attributed to the deadly Sars epidemic of 2002-2003 by the World Health Organisation. The provincial health authorities also reported 2,147 newly confirmed cases of the disease in the past 24 hours. This brings the total cases in Hubei to 27,100. These figures compared to the reported deaths and newly confirmed cases of 81 and 2,841, respectively, on Friday.

 

 

• 813 deaths, up from 724 yesterday. 89 new deaths is a new record again.

• Confirmed new cases rose to 37,198, an increase of 2,652 overnight

• 3,916 suspected new cases, bringing the total to 28,942 suspected cases.

 

And this little map looks promising, but I do have questions about it:

 

 

Questions like: what are the effects of the ever wider and ever more stringent lockdowns on this? Do fewer people get infected if they’re all locked up in their homes? Or are infected people also harder to find when they’re behind closed doors? Would families volunteer to deliver potentially infected family members to authorities, or would they wait until they’re as good as dead?

I found this interesting as well: “Wuhan has 49 crematoriums, which can each burn 5 bodies every two hours. They’ve been working 24 hours a day for 17 days now. 49 x 17 x 24 x 5/2 = 49,980 bodies.”

 

Still, as I said yesterday, it’s really all about Monday morning, when the economy is supposed to start “working” again. On Friday, Tesla said its Shanghai plant would re-open tomorrow morning. But then today, the government ordered Foxconn’s Shenzhen factories to remain closed. Will Tesla really open?

As I also said somewhere yesterday, “restarting” the economy where 100s of millions are under some form of lockdown now, means shoving all those millions into planes, trains and subways to bring them to plants where they spend 8-10-12 hours in close proximity to potential virus carriers. Thousands more petri dishes.

I’ll believe it when I see it.

 

 

Well, that’s my question: “No-one wants to bear the responsibility for restarting work at this critical moment.”

Authorities Order Foxconn To Keep Chinese Facilities Closed (AI)

As authorities attempt to stem the spread of the coronavirus in China, Foxconn did its part to help on Friday by telling staff not to return to work on February 10, following the Lunar New Year. Rather than resuming operations on the originally anticipated return date, the assembly partner told its tens of thousands of employees to stay away from the Shenzhen plant. A report by Nikkei claims the calling off of production has been further halted by the Chinese authorities, who have told Foxconn not to reopen. People familiar with the matter advised the factory was subject to on-site inspections by public health officials, which found there were “high risks of coronavirus infection” if it did reopen.

One internal memo about the inspection and government-ordered closure mentioned “Violation of epidemic prevention and control could potentially face the death penalty.” Part of the problem is the production facilities use central air condition and have a high density of workers, conditions ripe for viral transference. “The local governments do not want to risk the potential virus spreading in such a labor-intensive working environment,” a source told the report. “No-one wants to bear the responsibility for restarting work at this critical moment.” On Friday, Foxconn took the extra step of canceling flight bookings for employees from Taiwan returning from their home country to China between February 7 and February 14.


The measure was allegedly announced by Chairman Young Liu in a video conference that morning, who also confirmed the company’s Zhengzhou complex would need to be evaluated by the local government before it could be reopened. Foxconn has previously confirmed the coronavirus will affect production, and it is allegedly affecting Apple’s AirPods along with other products it makes, such as iPhones.

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What will stocks do?

China To Stagger Back To Work As Coronavirus Deaths Surpass SARS (R.)

China raised the death toll from the coronavirus epidemic to 811 on Sunday, passing the number killed globally by the SARS epidemic in 2002/2003 and raising anxiety among people preparing to return to work after an extended Lunar New Year break. Struggling to contain the spread of the disease, authorities had told businesses to tack up to 10 extra days onto holidays that had been due to finish at the end of January as the rising numbers of dead and infected cast a pall over the country. Many of China’s usually teeming cities have almost become ghost towns during the past two weeks, as the Communist Party rulers ordered virtual lockdowns, cancelled flights, closed factories and kept schools shut.


The sight of an economy regarded as a workshop to the world laid so low has also taken a toll on international financial markets, as shares slumped and investors switched into safe-havens like gold, bonds and the Japanese yen. Even on Monday, a large number of workplaces will remain closed and many white-collar workers will continue to work from home. The new deaths on Saturday reached another daily record at 89, data from the National Health Commission showed, pushing the total well over the 774 who died from SARS, or Severe Acute Respiratory Syndrome.

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“..around 40 percent of the patients with the new coronavirus they have treated may have contracted the illness at their hospital.”

In-Hospital Infection Blamed In Wuhan Hospital (NHK)

A team of medical professionals at a hospital in Wuhan says that around 40 percent of the patients with the new coronavirus they have treated may have contracted the illness at their hospital. The team works at a Wuhan University hospital in the Chinese city at the heart of the outbreak. They published their findings in the Journal of the American Medical Association on Friday. The study says 138 cases were confirmed at the hospital between January 1 and 28. Of those, 41 percent, or 57 people, were medical staff or patients who were initially hospitalized for other reasons.


The study found that one patient in the surgical department may have infected more than 10 members of hospital staff. It says that while patients had symptoms such as high fever and sense of fatigue, researchers revealed that 10 percent either had atypical symptoms such as diarrhea, or complained of nausea. It concludes that it was difficult to screen patients with symptoms not previously associated with the virus. The team says that an important feature of the new coronavirus is the rapid human-to-human transmission among people in close contact.

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I think the ship off Hong Kong was freed today. The Yokohama one with 61 infected won’t be so lucky.

Coronavirus Outbreak Has Affected 4 Different Cruise Ships (H.)

Cruises are, for the most part, meant to elicit feelings of relaxation—literally floating away from your landlocked responsibilities for a few days. But, for thousands of passengers aboard at least four different cruise ships, their vacations quickly turned into nightmare scenarios. As of Friday, four major vessels—the Diamond Princess, Westerdam, World Dream, and Royal Caribbean’s The Anthem of the Seas cruise ships—have been impacted by the 2019 novel coronavirus (2019-nCoV), aka the Wuhan coronavirus. Most affected by the outbreak is the Diamond Princess cruise ship, currently quarantined off the coast of Yokohama, near Tokyo.

The ship was docked Tuesday after a former passenger tested positive for the coronavirus. Since then, 61 passengers of the 3,700 people on board have tested positive for the virus, reports CNN. The ship’s quarantine is expected to last until at least February 19. The two other ships—the Westerdam, currently in search of a port in the East China Sea; and the World Dream, docked in Hong Kong—have also come to a halt due to fears of coronavirus, per CNN. No current or former passengers on the Westerdam have been reported as having the coronavirus, nor have any current passengers on the World Dream, though eight former passengers of the cruise ship have been confirmed as having the illness.


And most recently, on Friday, the Royal Caribbean’s The Anthem of the Seas was docked near New York City, at a port in Bayonne, New Jersey, where 27 passengers were screened for the coronavirus, according to CNN. Four of those passengers were sent to the hospital for further investigation, while the other 23 were cleared. In a statement, per CNN, Royal Caribbean confirmed that, like airlines, they too are working to help limit the spread of the coronavirus. “We continue to work in close consultation with the CDC, the WHO, and local health authorities to align with their guidance and ensure the health and wellbeing of our guests and crew.”

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Sailed on Feb 1. Now it’s like the original Flying Dutchman ship.

Still No Port For Cruise Ship Westerdam (NHK)

The operator of the cruise ship Westerdam is searching for a port to call at after being rejected by destinations including Japan amid fears of the spreading coronavirus. The US-based Holland America Line said in a statement on Friday that the ship is “currently sailing on a southwesterly course off the coast of Taiwan.” The firm says it is positioning the ship “for access to potential port locations.” The Westerdam departed Hong Kong on February 1 with more than 2,200 passengers and crew onboard. Taiwan denied it permission to call, citing a suspicion of coronavirus infection among the passengers. Japanese authorities followed suit, preventing it from entering a port in the southwestern prefecture of Okinawa. Holland America Line said in the statement that “The ship is not in quarantine” and there is “no reason to believe there are any cases of coronavirus on board.” It added the ship has sufficient fuel and food, and passengers are provided with free internet and phone access.

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Is this the first cluster than doesn’t involve Chinese people? Note that the original infection came from Singapore, not China.

Five Britons Contract Coronavirus In French Ski Resort (R.)

Five British nationals including a child have been diagnosed with the new coronavirus at a French mountain village, and health officials said they were checking who else might have been exposed, including at local schools. In total, 11 people, including the five who tested positive, have been hospitalized in southeastern France and were being examined, the French health ministry said on Saturday, adding that none were in serious condition. The group of Britons included holidaymakers and a family currently residing in the Alpine village and ski resort, Les Contamines-Montjoie. They shared neighboring apartments in a chalet and temporarily hosted a British man believed to have contracted the virus at a business congress in Singapore before his short visit to France in late January, the ministry added.


Two schools would be shut next week for checks, regional health official Jean-Yves Grall said, after it emerged that the nine-year-old who tested positive had attended lessons and French classes in different establishments. Two other children were also part of the group of 11 now in hospital in the cities of Lyon, Saint-Etienne and Grenoble, and they had been schooled in the area too, according to Etienne Jacquet, mayor of Les Contamines-Montjoie. Some parents in the village, nestled in the mountains close to the Mont Blanc peak and the Swiss city of Geneva, said on Saturday they had received little information so far and were being cautious.

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Thermal cameras, cameras that see through face-masks, a good crisis to step up state control.

Coronavirus Brings China’s Surveillance State Out Of The Shadows (R.)

When the man from Hangzhou returned home from a business trip, the local police got in touch. They had tracked his car by his license plate in nearby Wenzhou, which has had a spate of coronavirus cases despite being far from the epicenter of the outbreak. Stay indoors for two weeks, they requested. After around 12 days, he was bored and went out early. This time, not only did the police contact him, so did his boss. He had been spotted near Hangzhou’s West Lake by a camera with facial recognition technology, and the authorities had alerted his company as a warning.

“I was a bit shocked by the ability and efficiency of the mass surveillance network. They can basically trace our movements with the AI technology and big data at any time and any place,” said the man, who asked not to be identified for fear of repercussions. Chinese have long been aware that they are tracked by the world’s most sophisticated system of electronic surveillance. The coronavirus emergency has brought some of that technology out of the shadows, providing the authorities with a justification for sweeping methods of high tech social control. Artificial intelligence and security camera companies boast that their systems can scan the streets for people with even low-grade fevers, recognize their faces even if they are wearing masks and report them to the authorities.

If a coronavirus patient boards a train, the railway’s “real name” system can provide a list of people sitting nearby. Mobile phone apps can tell users if they have been on a flight or a train with a known coronavirus carrier, and maps can show them locations of buildings where infected patients live. Although there has been some anonymous grumbling on social media, for now Chinese citizens seem to be accepting the extra intrusion, or even embracing it, as a means to combat the health emergency. “In the circumstances, individuals are likely to consider this to be reasonable even if they are not specifically informed about it,” said Carolyn Bigg, partner at law firm DLA Piper in Hong Kong.

[..] Facial recognition firm Megvii said on Tuesday it had developed a new way to spot and identify people with fevers, with support from the industry and science ministries. Its new “AI temperature measurement system”, which detects temperature with thermal cameras and uses body and facial data to identify individuals, is already being tested in a Beijing district. SenseTime, another leading AI firm, said it has built a similar system to be used at building entrances, which can identify people wearing masks, overcoming a weakness of earlier technology. Surveillance camera firm Zhejiang Dahua says it can detect fevers with infrared cameras to an accuracy within 0.3ºC.

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Wishful thinking?

Coronavirus Threatens The Chinese Communist Party’s Grip On Power (SCMP)

China missed the best opportunity to contain the spread of the virus because officials at first delayed – or possibly covered up – the release of information and were slow in taking precautionary actions. The first patient who experienced symptoms was found on December 1, 2019, suggesting the origin of the disease was even earlier. And there has been some evidence of human-to-human transmissions since late December, with more emerging in early January when several medical workers were infected. These vital bits of information were not released to the public in time. Nor was any decisive action taken between early December and January 23, the day Beijing told the world about the severity of the epidemic and declared war on it just two days before the Lunar New Year on January 25.

Lives continued as normal in Wuhan in the week before then. On January 18, the Wuhan government hosted a banquet attended by more than 40,000 families in a bid to set a Guinness world record. On January 20, the municipal government said it was distributing 200,000 free tickets to residents for festive new year activities. Videos show few people wearing face masks in Wuhan before mid-January. Compare that to Hong Kong, where since early January the government has been updating people on the situation daily and holding frequent news briefings.


In terms of human-to-human transmissions, the alarm wasn’t raised until the prominent epidemiologist Zhong Nanshan spoke out on January 20 – nearly 50 days after the first patient was found and three weeks after it was established that human-to-human infections were taking place. Instead of acting against the virus, the government focused on controlling the information. In an effort to underscore the CCP’s determination to crack down on unsanctioned information, the broadcaster CCTV reported on January 2 that Wuhan police had interrogated and warned eight whistle-blowers, frontline doctors, for “rumourmongering” about the epidemic. It seemed all too familiar to 2003, when military doctor Jiang Yanyong defied government rules and risked his own life to break the news about the severe acute respiratory syndrome (Sars) to the international media.

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“Perhaps all the Democrats need to win the presidency is a Rust Belt millennial who’s gay and speaks Norwegian.”

Yesterday’s Gone: Iowa Was Waterloo for Democrats (Taibbi)

Democratic campaign events have long been more pep rally than discussion, more about the terribleness of Republicans than substance. “They’re so used to events where everyone is rooting for them,” says Redd. “It’s like, ‘No, we’re actually here to challenge you on issues that matter.’” Biden performed surprisingly well all year in polls, but he headed into Iowa like a passenger jet trying to land with one burning engine, hitting trees, cows, cars, sides of mountains, everything. The poking incidents were bad, but then one of his chief surrogates, John Kerry, was overheard by NBC talking about the possibility of jumping in to keep Bernie from “taking down” the party.

“Maybe I’m fucking deluding myself here,” Kerry reportedly said — mainstream Democrats may not have changed their policies or strategies much since Trump, but they sure are swearing more — then noted he would have to raise a “couple of million” from people like venture capitalist Doug Hickey. Kerry later said he was enumerating the reasons he wouldn’t run, though those notably did not include humility about his own reputation as a comical national electoral failure, or because there’s already a candidate in the race (Biden) he’d been crisscrossing Iowa urging people to vote for, but instead because he’d have to step down from the board of Bank of America and give up paid speeches. French aristocrats who shouted “Vive le Roi!” on the way to the razor did a better job advertising themselves.

With days, hours left before the caucuses, there were signs everywhere that the party establishment was scrambling to find someone among the remaining cast members to stop what Kerry called the “reality of Bernie.” But who? Yang said smart things about inequality, so he was out. Tulsi Gabbard was Russian Bernie spawn. Tom Steyer was Dennis Kucinich with money. Voters had already rejected potential Trump WWE opponents like the “progressive prosecutor” (Kamala Harris), the “pragmatic progressive” (John Delaney), “the next Bobby Kennedy” (Beto O’Rourke), “Courageous Empathy” (Cory Booker), Medicare for All can bite me (John Hickenlooper), and over a dozen others.

Former South Bend, Indiana Mayor Pete Buttigieg seemed perfect, a man who defended the principle of wine-based fundraisers with military effrontery. New York magazine made his case in a cover story the magazine’s Twitter account summarized as: “Perhaps all the Democrats need to win the presidency is a Rust Belt millennial who’s gay and speaks Norwegian.”

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The Trump people meddle in conspiracy theories. The “others” don’t. This is how and why you will lose the election.

The Billion-Dollar Disinformation Campaign to Reelect the President (Atl.)

One day last fall, I sat down to create a new Facebook account. I picked a forgettable name, snapped a profile pic with my face obscured, and clicked “Like” on the official pages of Donald Trump and his reelection campaign. Facebook’s algorithm prodded me to follow Ann Coulter, Fox Business, and a variety of fan pages with names like “In Trump We Trust.” I complied. I also gave my cellphone number to the Trump campaign, and joined a handful of private Facebook groups for MAGA diehards, one of which required an application that seemed designed to screen out interlopers. The president’s reelection campaign was then in the midst of a multimillion-dollar ad blitz aimed at shaping Americans’ understanding of the recently launched impeachment proceedings.

Thousands of micro-targeted ads had flooded the internet, portraying Trump as a heroic reformer cracking down on foreign corruption while Democrats plotted a coup. That this narrative bore little resemblance to reality seemed only to accelerate its spread. Right-wing websites amplified every claim. Pro-Trump forums teemed with conspiracy theories. An alternate information ecosystem was taking shape around the biggest news story in the country, and I wanted to see it from the inside. The story that unfurled in my Facebook feed over the next several weeks was, at times, disorienting. There were days when I would watch, live on TV, an impeachment hearing filled with damning testimony about the president’s conduct, only to look at my phone later and find a slickly edited video—served up by the Trump campaign—that used out-of-context clips to recast the same testimony as an exoneration. Wait, I caught myself wondering more than once, is that what happened today?

[..] Every presidential campaign sees its share of spin and misdirection, but this year’s contest promises to be different. In conversations with political strategists and other experts, a dystopian picture of the general election comes into view—one shaped by coordinated bot attacks, Potemkin local-news sites, micro-targeted fearmongering, and anonymous mass texting. Both parties will have these tools at their disposal. But in the hands of a president who lies constantly, who traffics in conspiracy theories, and who readily manipulates the levers of government for his own gain, their potential to wreak havoc is enormous.

The Trump campaign is planning to spend more than $1 billion, and it will be aided by a vast coalition of partisan media, outside political groups, and enterprising freelance operatives. These pro-Trump forces are poised to wage what could be the most extensive disinformation campaign in U.S. history. Whether or not it succeeds in reelecting the president, the wreckage it leaves behind could be irreparable.

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How you tie your impression of Trump as a con-man in with the topic is unclear. Today’s bubbles started with Greenspan and Bill Clinton, not Trump.

A Stock Market Boom Is Not The Basis Of Shared Prosperity (Palley)

The United States is currently enjoying another stock market boom. If history is any guide, it may well end in a bust. In the meantime, the boom is having a politically toxic effect. Donald Trump uses it to make the case for his reelection in the fall. But his argument, at a minimum, requires a big leap of faith. Trump’s assertion — that a stock market boom is the basis for shared prosperity — is just that, an assertion. It certainly hasn’t led to any broad-based prosperity. The beneficiaries are the happy few at the top of the U.S. economic pyramid. Anyone who ever read John Kenneth Galbraith’s The Great Crash 1929, his 1954 classic, has run across Galbraith’s idea of the “bezzle.” In addition to Ponzi schemes, Galbraith’s bezzle also captures the dynamic of speculative bubbles.

Those bubbles are a form of fraud we collectively inflict on ourselves. Investors buy in believing they will be able to sell at a higher price, and their purchases drive up prices and attract new investors who hope to jump on the price appreciation band wagon. The bubble continues until belief in ever higher prices is punctured, whereupon buyers evaporate and the bubble implodes. Once again, all feel richer along the way. Today’s stock market increasingly has the smell and feel of another bezzle. That smell is metaphorically rather perfectly reflected in President Trump who has all the integrity of a con man. Better yet, Trump’s business history, in addition to reliance on funding from suspect sources, is marked by serial bankruptcies.


Trump has also managed to use the presidential bully pulpit to cajole the U.S. Federal Reserve into further inflating asset prices by enjoining it to lower interest rates. In addition to directly impacting asset pricing, the Federal Reserve has given a green flag for speculative buying. In that process, it has strengthened beliefs that it stands ready to guarantee stock prices, via the so-called “Powell put.” That put is an amplification of the prior “Bernanke put,” which was in turn an amplification of the “Greenspan put” which launched the Federal Reserve’s commitment to stock prices. To be honest, it did not take much cajoling from Trump as the Federal Reserve has evidently learned little from the past 35 years of serial asset price bubbles.

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A lesson for Greece.

Argentina Won’t Repay IMF Debt Till Recession Over – VP Kirchner (R.)

Argentine Vice President Cristina Fernandez de Kirchner said on Saturday that the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession. “The first thing we have to do in order to be able to pay is to exit the recession,” Fernandez de Kirchner said at a presentation of her book “Sinceramente” (Sincerely) at Havana’s international book fair. “If there is a recession no-one will pay even half a cent and the way you exit recession is through a lot of state investment.” Argentina needs to restructure $100 billion in sovereign debt with creditors, including part of a $57 billion credit facility that the IMF extended the country in 2018.


Dealings with the IMF are key as Argentina hopes to avoid a default amid a currency crash, steep inflation and a contracting economy. An IMF technical mission is expected in Buenos Aires next week to discuss obligations owed to the fund. Fernandez de Kirchner said Argentina should get a “substantial haircut” on its IMF debt. A leftist and militant Peronist, she has traveled frequently to Communist-run Cuba over the past year to visit her daughter Florencia Kirchner who is undergoing medical treatment there.

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Just one of those timelines where Dean Koontz wrote a book about a Chinese super virus called Wuhan that escaped a secret lab.

 

 

 

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Feb 072020
 


Takeuchi Seiho Bear in snow 1940

 

 

As I said earlier today, I picked up a whole slew of articles on the “coronavirus” through the day yesterday, collected some more today, and then decided not to put them in my daily Debt Rattle news aggregator today because it would have been too much.

I wasn’t trying to focus on number of deaths or cases, interest in that is overblown by now. What I look for is news about the consequences of the “coronavirus” epidemic. See, most people look at the numbers, think that they are lower than they could be, and lower than in armageddon predictions, so we’ll all be alright.

And I’m not saying that we won’t be, never have, I’m saying the numbers are no longer the main story. The story has changed into the effects of the virus on domestic and international policies, and ultimately -especially- on global trade and travel. And those effects have only just started. Just like I said 2 days ago in The Big Lockdown.

Initially, the effects, the fallout, from the epidemic, will appear minor, companies will be able to switch things a little and do their thing. But at some point that changes. As I saw somebody say earlier, if even just 1% of your car parts are from China, and you can’t get them anymore, you’re not going to be building a car. The vast majority of carmakers use 30% Chinese parts or more.

And then you also have many thousands of cancelled flights, and cruises, and what has a much bigger impact: shipping of goods to, but of course mostly from, China. Chinese ports are already filing up with items like fruits, but that’s nothing yet. If you put half your country on lockdown, who’s going to service incoming and outgoing ships?

The Lunar New Year is done this Monday, but we know Chinese trains are down 75% of their passengers, and plane travel is off by over 50%. Xi Jinping allegedly told Trump yesterday that “We are fully confident and capable of fighting the epidemic. The long-term trend of China’s economic development will not change”, but how much of that is wishful thinking?

How do you restart an economy that has 400 million people under lockdown, and that sees all westerners leave? Xi must be getting anxious and nervous by now. And renditioning people is not going to do the trick. Ideally, he would convince the rest of the world that the virus is contained and no longer dangerous. No doubt the lowering rates of change in new cases is step one in trying to do that.

Xi would have had it easier if China hadn’t first attempted to wipe the disease under the carpet for 1-2 months. But that would be against longstanding Party lines, as I wrote in The Party and the Virus. Step one is always: “complete denial, not a word”.

And now he doesn’t just have western governments to deal with anymore, there’s also the people (both at home and abroad). Just wait until the first death is recorded in the US, Britain, France or somewhere near. The west will tend strongly towards a lockdown too. Politicians will cry: “it’s too expensive”, but that won’t be people’s priority. Fear will be.

So, three essays so far on the topic, 2019-nCoV, The Party and the Virus and The Big Lockdown, and here goes with lockdown fallout.

 

 

This is like a quarter of the population. 80 million in US terms. Do the math for your own country. 20 million French, 25 million Germans? Wow. Let’s see that one.

400 Million People Are On Lockdown In China As Guangzhou Joins Quarantine

Guangzhou, the capital of China’s southwestern Guangdong Province and the country’s fifth largest city with nearly 15 million residents, has just joined the ranks of cities imposing a mandatory lockdown on all citizens, effectively trapping residents inside their homes, with only limited permission to venture into the outside world to buy essential supplies.

The decision means 3 provinces, 60 cities and 400 million people are now facing China’s most-strict level of lockdown as Beijing struggles to contain the coronavirus outbreak as the virus has already spread to more than 2 dozen countries. That’s more than 400 million people forcibly locked inside their homes for 638 deaths? Just think about that: If there was ever a reason to believe that Beijing is lying about the numbers (and not just because Tencent accidentally leaked the real data), this is it.

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Saw this yesterday and thought: that’s very extreme. Again, imagine this in your own country or city. What would that take? 100 infections and 2 deaths?

Wuhan Ordered To Round Up All Infected Residents For Mass Quarantine

A senior Chinese official has ordered Wuhan authorities to immediately round up all residents infected with the novel coronavirus and place them in isolation, quarantine camps, or designated hospitals, according to the New York Times. City investigators have also been ordered to go to each home and check the temperature of every resident, as well as conduct interviews with infected patients’ close contacts.


“Set up a 24-hour duty system. During these wartime conditions, there must be no deserters, or they will be nailed to the pillar of historical shame forever,” said Sun Chunlan, a vice premier in charge of leading the CCP’s response to the outbreak. “The city’s authorities have raced to meet these instructions by setting up makeshift mass quarantine shelters this week. But concerns are growing about whether the centers, which will house thousands of people in large spaces, will be able to provide even basic care to patients and protect against the risk of further infection.” -NYT

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No wedding parties, locked in your home just like those cruise passengers are in their cabins. The idea of switching off elevators so people don’t go out is “brilliant”.

China Imposes Tougher Lockdown Measures

Beijing has banned group dining for events such as birthdays and weddings while cities such as Hangzhou and Nanchang are limiting how many family members can leave home each day. Hubei province, the worst hit by the virus, has switched off lifts in high-rise buildings to discourage residents from going outside. Its capital, Wuhan, has a lack of beds and equipment, one senior city official said. Despite the rapid construction of two hospitals, the volume of patients is causing severe strain. Reports on social media say the Wuhan government is to carry out door-to-door temperature checks on residents.


Human Rights Watch director Kenneth Roth said China had suppressed reports in the early days of the outbreak and clamped down on criticism of its handling of the crisis. “There’s no place for secrecy in fighting an epidemic,” he said. Although he praised Beijing for quickly sharing the DNA sequence of the virus, he attacked the lockdowns policy. “Quarantines of this sort typically don’t work. Quarantines, the kind that public health officials advocate, are much more targeted. They’re aimed at people who have been identified as having the virus,” he said. Mr Roth said there were “huge gaps” in getting people fed, housed and treated. Chinese officials have strongly defended their approach.

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This morning’s numbers. “We have declared a people’s war against the epidemic through prevention and control..”

And Trump told Xi he would win that war. But only after he closed the borders with a 14-day quarantine even for Americans,

China Reports 73 New Deaths From Coronavirus, 3,143 New Cases

Chinese President Xi Jinping told his US counterpart Donald Trump on Friday that China’s economic development would not be affected by the outbreak, according to CCTV, China’s state broadcaster. CCTV reported that, in a phone conversation with Trump, Xi said the Chinese government and people had put their fullest efforts into containing the outbreak since it had started. “We have adopted the most comprehensive and strictest prevention and control measures through mobilising and rapid responses. We have declared a people’s war against the epidemic through prevention and control,” Xi was quoted as saying. “We are fully confident and capable of fighting the epidemic. The long-term trend of China’s economic development will not change.”

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It’s either one giant dilemma or very many smaller ones. But I don’t see him solving it before the peak of the epidemic in 2-3 months. What are Chinese workers do in the meantime?

China Faces Dilemma As It Tries To Get Back To Work

China is facing a dilemma as it tries to get back to business after the extended Lunar New Year holiday amid fears that a mass movement of workers across the country will worsen the spread of the deadly coronavirus that has struck nearly 30,000 people. Allowing the workforce to return to their jobs was crucial both for sustaining economic growth and providing support to fight the outbreak, according to Lu Zhengwei, chief economist at the Industrial Bank in Shanghai. “It’s obviously desirable for employers who are now paying rent, salaries and social welfare for their employees, for nothing in return,” he said, adding that most small and medium enterprises in China could only last about a month in the current situation.

After the State Council, China’s cabinet, issued a directive to extend the holiday until last weekend as part of measures to contain the virus outbreak, a number of provinces and municipalities – including Beijing, Shanghai, Zhejiang and Guangdong – pushed back the return to work to this Monday. That extended hiatus of business operations will have an impact on the country’s economy, which has already been battered by the protracted trade war with the United States. Advisory firm Oxford Economics has lowered its growth outlook for China to 5.4 per cent in 2020, compared with 6 per cent previously, according to its chief Asia economist Louis Kuijs. Meanwhile, Tao Wang, China economist at UBS, forecast the country’s first-quarter growth at 3.8 per cent, and 5.4 per cent for the whole year.

[..] Huang Xin, an official with the China Railway Corporation, said about 2 million to 3 million passengers were expected to travel each day from Saturday to Tuesday – only about one-quarter of the normal peak number following the Lunar New Year break. “We will be paying extra attention to return trips of college students and migrant workers,” he said at a press briefing in Beijing. “We will also use big data to adjust our railway capabilities.” [..] Similar arrangements had been made for air passengers, said Yu Biao, an official with the Civil Aviation Administration of China. Yu said the number of flights in China had been halved in the past week, and only 45 per cent of seats had been filled.

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Mandatory 14-day quarantines for US citizens. What will people do, use their remaining vacation days? Or not go?! I think I know.

China Grows Isolated As Airlines Cancel More Than 50,000 Flights

One by one, air carriers have cut service after demand fell sharply and governments took more drastic measures that they say aim to curb the spread of the disease [..] These steps have left China, the world’s second-largest air travel market after the U.S., more isolated. Airlines in dozens of countries have scaled back service or in the case of U.S. airlines canceled flights altogether to the Chinese mainland and Hong Kong as the coronavirus spreads.

This will drive down airlines’ 2020 revenue and deprive other segments of the travel industry, including hotels and retailers, of high-spending tourists. The outbreak has some travelers exercising more caution with their travel, even for destinations other than China. Many travelers would be inquiring about spring travel during this time of year, said Cindy Guo, who runs Top Travel International in Flushing. “Some people prefer to stay home” because of the virus, she said. The U.S. instituted travel restrictions on Sunday that include requiring returning U.S. citizens who have been in Hubei province — where Wuhan, the epicenter of the virus, is located — to face mandatory, 14-day quarantines.

The Trump administration has ordered self-quarantines for U.S. citizens who have been in other parts of mainland China. Additionally, foreigners who have been in China in the last two weeks, except for immediate family of U.S. citizens and permanent residents and a few others, won’t be allowed in at all. [..]

At stake are more than 165,000 scheduled flights in and out of China between Jan. 29 and March 28 that would affect 27 million travelers, according to data from aviation consulting firm Cirium. More than 54,011 flights, or 28% of the scheduled flights to, from and within China between Jan. 23 and Feb. 4 were canceled, 14% of them the international scheduled flights. Getting around within China is also becoming more complicated, and close to 32% of domestic flights were called off in that period.

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And of course it’s not just airlines. Shipping is a much bigger driver of the economy. It’s been less than 3 weeks, and goods are getting stranded, Try 2-3 more months and tell me what you find.

Global Shipping Being Hit By The Coronavirus. Now Goods Are Getting Stranded

The arteries of global trade are clogging up. Shipping companies that carry goods from China to the rest of the world say they are reducing the number of seaborne vessels, as measures to stop the spread of the coronavirus crimp demand for their services and threaten to disrupt global supply chains. About 80% of world goods trade by volume is carried by sea and China is home to seven of the world’s 10 busiest container ports, according to the United Nations Conference on Trade and Development. Nearby Singapore and South Korea each have a mega port too.

[..] “This will affect many industries and limit demand for containerized goods transport,” Sand told CNN Business. Everything from cars and machinery to apparel and other consumer staples are shipped in containers, and disruption to the industry could reverberate far beyond China as the country seeks to contain the coronavirus outbreak by keeping factories shut and workers at home. The longer the health crisis lasts, the harder it will be to move goods around the world.

Already, carmaker Hyundai has suspended production at its plants in South Korea because of a disruption to the supply of parts caused by the coronavirus outbreak in China, the company said in a statement. The shutdowns mean that some ships can’t get into Chinese ports, as the loading and discharging of goods slows, said Guy Platten, secretary general of the International Chamber of Shipping, a trade body.

Others are stuck in dock, waiting for workers to return to ports so that construction and repairs can be completed, Platten added. Still more vessels are idling in “floating quarantined zones,” as countries such as Australia and Singapore refuse to allow ships that have called at Chinese ports to enter their own until the crew has been declared virus-free, added Sand. Platten said he knew of at least one crew that is running low on food because their ship has been idled for so long.

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I so feel for these people. Claustrophobic as hell I am.

Coronavirus Infections Triple On Cruise Liner Quarantined In Japan

Dozens of additional passengers aboard a cruise liner in Japan have tested positive for coronavirus, bringing the total number of infections on the ship to 61 as 3,700 people remain trapped on the quarantined vessel.
Stuck at the port of Yokohama since earlier this week, the ship’s 3,700 passengers and crew face weeks of quarantine as medical workers test for signs of the deadly contagion. The ship is now like a “floating prison,” one passenger said on social media, where haunting images have emerged showing its abandoned halls, once bustling with activity. Of the thousands of passengers on board, 273 have shown symptoms of illness, such as cough and fever, or came in contact with those who have.


All of those passengers have now been tested, Japan’s Health Ministry said, noting the 41 new patients will be transferred to medical facilities in Tokyo, Saitama, Chiba and Shizuoka prefectures, as well as Kanagawa. It remains unclear whether additional cases could arise on the ship, as the novel coronavirus has been found to spread person-to-person, even among those not yet showing symptoms, with a long incubation period. Some passengers already expressed fear that they could eventually end up stuck on the vessel for much longer than 14 days if new infections occur. With the number of infections on the ship tripling on Thursday as health screenings continue, Japan now counts at least 86 cases of the lethal coronavirus nationwide.

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Welcome! Bring ’em on!

Now the CDC has to figure out who all these people have been in contact with the past 2 weeks and more.

How do they test for asymptomatic carriers? Does the US have enough testing kits? Even if they do, does Britain, does Belgium, France?

And would the US give them away? In China, cities steal each other’s supplies of face masks etc.

Royal Caribbean Ship With 12 Quarantined Passengers Docks In NJ

A Royal Caribbean cruise ship that has 12 passengers quarantined over fears of coronavirus has docked in Bayonne, New Jersey, this morning with ambulances on the scene. The “Anthem of the Seas” arrived in New Jersey just hours ago, at about 6AM, in thick dense fog, according to ABC 6. Several ambulances were on standby at the scene. The passengers in quarantine will all be tested by the CDC, who was also awaiting the arrival of the ship on the scene. The passengers of the ship are all Chinese nationals – many of whom started exhibiting symptoms while aboard the ship, which was coming back from the Bahamas.

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From planes to ships to automobiles. It’s a small step for man, big step for us all.

The Global Car Industry Is Bracing For A Huge Shock From China /span>

China makes more cars than any other country, and is also the world’s biggest market. When car plants across China shut last month for the Lunar New Year holiday, the industry was already under huge pressure: sales had been falling for two years due to the loss of tax incentives for electric cars and the slowing economy, and officials were expecting an unprecedented third year of stagnation.

Many of those plants have since been ordered to remain shut at least until next week as the Chinese government scrambles to contain the virus that first appeared in Wuhan, a major autos hub [..] Automakers are bracing for even longer shutdowns and a deeper recession in global sales.

[..] The extended factory closures are expected to make it much more difficult for the industry to emerge from its recession. According to S&P Global Ratings, the outbreak will force carmakers in China to slash production by about 15% in the first quarter. The auto industry is particularly exposed because the virus originated in one of China’s “motor cities.” General Motors, Nissan, Renault, Honda and Peugeot owner PSA all have large factories in Wuhan, which has been on lockdown since late January. Wuhan and the rest of Hubei province account for 9% of total Chinese auto production, according to S&P Global Ratings. PSA Group told CNN Business this week that its Wuhan plant would remain closed until at least February 14.

Volkswagen is most exposed to potential damage. The world’s largest automaker has 24 plants making cars or parts in China, accounting for 40% of its production. [..] The situation could get worse before it gets better. S&P Global Ratings researchers said the Chinese government could extend factory shutdowns in order to limit contagion risk, affecting as much as half of China’s car and auto parts production.

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9-10 days? You really think that’ll do it?

Toyota Keeps China Plant Output Stopped Till Feb. 16 As Virus Hits Supply

Toyota Motor Corp on Friday said production at all of its plants in China would remain suspended through Feb. 16, joining a growing number of automakers facing output stoppages due to supply chain issues as the coronavirus outbreak spreads. The Japanese automaker, which operates 12 vehicle and vehicle components factories in China, said it would extend its production stoppage “after considering various factors, including guidelines from local and region governments, parts supply, and logistics.” The decision extends Toyota’s initial plans to suspend operations through Sunday, and comes as the threat from the coronavirus crisis closes in on the global auto industry.

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Big one. What’s in the fine print of the contract? What’s the use of going to court if the buyer can’t take delivery? How long would a court case take? How much do you value your buyer?

France’s Total Rejects Force Majeure Notice From Chinese LNG Buyer

French oil major Total has rejected a force majeure notice from a liquefied natural gas (LNG) buyer in China, the first global energy supplier to publicly push back against firms backing out of deals amid the coronavirus outbreak. Concerns that Chinese companies could back out of contracts because of the coronavirus epidemic have slowed down spot crude oil and LNG sales into China, the world’s top energy consumer, increasing global supplies and depressing prices of energy products. “Some Chinese customers, at least one, are trying to use the coronavirus to say I have force majeure,” Philippe Sauquet, head of Total’s gas, renewables and power segment, said during the company’s full-year results presentation on Thursday.

“We have received one force majeure that we have rejected.” Companies invoke force majeure when they cannot meet their contractual obligations because of circumstances beyond their control. Sauquet did not disclose the name of the buyer Total rejected a force majeure notice from. Reuters reported on Thursday that China National Offshore Oil Corporation (CNOOC), the country’s biggest importer of liquefied natural gas (LNG), has declared force majeure on some prompt deliveries with at least three suppliers because of the rapid spread of the coronavirus, two sources said on Thursday. Total is one of the biggest suppliers of LNG to CNOOC, industry sources said.

Last week, a Chinese international trade promotion agency said it would offer force majeure certificates to companies struggling with the fallout from the coronavirus epidemic to give to their overseas partners. Lawyers told Reuters that LNG contracts are typically governed by English law which spell out events that constitute a force majeure and some may include the epidemic clause. Serving the force majeure notice is the first step in a long-drawn out process, they said. The onus is also on buyers to prove that they are not physically able to receive the cargo to demonstrate a force majeure. For instance, if there are port closures or if workers are unable to get to the ports due to the virus.

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I love lines like: ““There is absolutely no need to panic buy..”, because what’s the other side of that? You can trust us to tell you when there’s a need to panic?

But a government could never tell you to panic.

Best version is “This is not the time to panic”. And then you go: Okay, I’ll watch some TV then, and I’ll make sure I get my ten hours of sleep. But first thing in the morning….

Panic Buying As Hong Kong Government Silent On Coming Quarantine Move

Anxious Hongkongers scrambled on Thursday to stock up on essentials over fears that border restrictions to contain the coronavirus would choke off shipments, while the government provided scant details on the mandatory quarantine taking effect in less than 36 hours on arrivals from mainland China. As long queues formed at shops all over the city for the second straight day and people jostled to grab toilet and tissue paper, as well as rice and perishables, food suppliers sought to assure the public there was no need for hoarding. “There is absolutely no need to panic buy. We have always worked to ensure a stable supply of food and all these years, throughout all sorts of big events, we have never had a shortage,” Thomas Ng Wing-yan, chairman of the Hong Kong Food Council, told a press conference.


The fears, fed by online rumours, mounted when the government announced on Wednesday it would impose a 14-day quarantine on anyone entering from mainland China, sparking concerns that supplies would also be held up. But while the government said it would reveal more on the quarantine measures on Thursday, the day ended with no information forthcoming, as sources told the Post that Chief Executive Carrie Lam Cheng Yuet-ngor was still locked in meetings over facilities and details on implementation. Even as they gave assurances, representatives of rice, pork, egg, seafood, poultry and fruit-and-vegetable merchants urged the government to exempt cross-border truck drivers from the 14-day quarantine set to kick in on Saturday, to avert any delays in supplies reaching the city.

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Li Wenliang appears to have been off by a week or so. Bless his soul, he got caught in Phase 1, in which the Party’s knee-jerk reaction is “complete denial, not a word” (they can’t help themselves). One week later he would have come in in Phase 2, “damage control, massaging the numbers downward”. He would have gotten much less Party flack… See again The Party and the Virus.

Coronavirus Kills ‘Hero’ Chinese Doctor Who Sounded Alarm

A Chinese doctor who tried to warn the world about a new coronavirus died of the disease on Friday, prompting an outpouring of sorrow as the death toll passed 630 and Beijing declared a “people’s war” on the rapidly spreading pathogen. Li Wenliang, 34, died in the early hours of the morning at the hospital where he worked and first raised the alarm about the new coronavirus in the central Chinese city of Wuhan, the epicenter of the outbreak, hospital officials said. An ophthalmologist, Li was one of eight people reprimanded by Wuhan police last month for spreading “illegal and false” information about the coronavirus, a flu-like pathogen that since triggered a global health emergency.


His messages to a group of doctors on Chinese social media warning of a new “SARS-like” coronavirus – a reference to Severe Acute Respiratory Syndrome (SARS) which killed almost 800 people around the world in 2002-2003 – triggered the wrath of Wuhan police. China was accused of trying to cover up SARS. He was forced to sign a letter on Jan. 3 saying he had “severely disrupted social order” and was threatened with criminal charges.

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… but Phase 2 already gave way to Phase 3: “close all the doors, not to worry, nothing to see here, we got this, no you can’t come in, too risky!”

That’s what these guys get.

Citizen Journalists Who Exposed Beijing’s Lies In Wuhan Have Vanished

Bloomberg reports that Beijing has silenced two of the citizen journalists responsible for much of the horrifying footage seeping onto western social media. As BBG’s reporter explains, Chinese citizen journalists Chen Qiushi and Fang Bin have effectively been “the world’s eyes and ears” inside Wuhan (much of the film produced by American news organizations has consisted of drone footage). In recent days, SCMP and other news organizations reporting on the ground and publishing in English have warned that Beijing has stepped up efforts to censor Chinese social media after allowing citizens to vent their frustrations and share news without the usual scrutiny.

On Wednesday, China said its censors would conduct “targeted supervision” on the largest social media platforms including Weibo, Tencent’s WeChat and ByteDance’s Douyin. All in an effort to mask the dystopian nightmare that life in cities like Wuhan has become. But that brief period of informational amnesty is now over, apparently. Fang posted a dramatic video on Friday showing him being forcibly detained and dragged off to a ‘quarantine’. He was detained over a video showing corpses piled up in a Wuhan hospital. However, he has already been released.

Chen, meanwhile, seems to have vanished without a trace, and is believed to still be in government detention. Last week, we shared one of Chen’s more alarming videos documenting the severe medical supply shortages and outnumbered medical personnel fighting a ‘losing battle’ against the outbreak.

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