Apr 012020
 


Byron In Chinatown, Pell Street, New York 1900

 

Greek Mothers, Grandmas and Wives to Enforce Quarantine As Police Struggle (GR)
White House Predicts 100,000 To 240,000 Will Die In US From Coronavirus (CNBC)
Putin Asked Trump If He Needed Help & He Accepted (RT)
How To Rescue Our Coronavirus-Infected Economy From Collapse (Richard Vague)
Obama’s Failure To Resupply Respirators In Federal Stockpile (JTN)
Do I Have to Pay My Rent or Mortgage During the Pandemic? (DB)
Will Shift To Distance Learning Reshape American Education? (JTN)
Should All Americans Be Wearing Face Masks? (JTN)
Fed Will Do ‘Whatever It Takes’ To Help US Economy Likely In Recession (R.)
US Virus Cases Off The Scale – But People Can Build Movement From This (MoA)
China Starts To Report Asymptomatic Coronavirus Cases (R.)
How Disinformation Really Works: Russian COVID19 Aid To Italy Smeared (RT)

 

 

The US is slowly coming to terms with the numbers representing its reality. And unlike fast food, they need to be fed the news in little bites.

 

 

Cases 872,777 (+ 73,054 from yesterday’s 799,723)

Deaths 43,271 (+ 4,551 from yesterday’s 38,720)

 

 

 

From Worldometer yesterday evening -before their day’s close-.

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 19% –

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

A good representation by Jo Michell of how the FT graph (see below) can be made clearer by tweaking between log scale and linear scale.

Log scale corona:

 

 

Linear scale corona:

 

 

 

 

Best story of the day for this day.

Greek Mothers, Grandmas and Wives to Enforce Quarantine As Police Struggle (GR)

Greek Prime Minister Kiriakos Mitsotakis who was among the first EU leaders to implement a strict quarantine in Greece, in now transferring the authority of enforcing the quarantine to Greek women. The decision took most by storm but police sources say it was planned since a few weeks ago, when police was needed to help in hospitals in vital positions for the fight against Coronavirus. The PM made his decision known with a tweet in the early hours of Wednesday:

“Police will continue to assist in enforcing the quarantine if needed on a case by case basis, but this won’t be its primary responsibility,” a Greek official clarified. The amendment to the current quarantine law transfers the power of issuing the necessary permits primarily to mothers and grandmothers, as well as wives and sisters where there in no mother or grandmother.


“A checkpoint on Patission street. Groups of 3-4 women will be assembling in each neighbourhood during rush-hour to check cars and individuals if they are on the street legally.” Credit: Greek Government handout

“Women have been defending the Greek household for thousands of years, since the Ancient times when every Greek woman was the protector of ‘estia’” noted the President of the Hellenic Republic Katerina Sakellaropoulou. It is also true that women and especially Greek women are also experts on discovering germs and dirt where you think there is none, so this might be another skill that comes in handy. “If one person of the household is infected the whole family is in danger, notes Antonia Parisi who sees this as a necessary step for a family’s wellbeing. “Women are best to protect the family” adds the shop owner and mother of two from Piraeus, Greece.


[..] some Greeks are not happy by the move. Most complain that Greek mothers and wives are way stricter in accepting fair reasoning to go out during a pandemic. “I don’t know if I will ever see the light of the day,” says Petros Kakavas from Peristeri, Athens who in absence of a mother and a grandmother has to ask his wife for permission to leave the house. In ancient Sparta the male fighters’ health was a responsibility of their mothers and wives. It is since then, we have the saying behind every strong man there is an even stronger woman. But sometimes history just repeats itself.

Read more …

I got a lot of criticism on my Fauci article 2 days ago, thought I merely connected two things he said over the space of two days, which meant 200 million Americans would become infected. That number is still not mentioned for some reason, but soon it will have to be. For now 240,000 deaths are the new normal.

White House Predicts 100,000 To 240,000 Will Die In US From Coronavirus (CNBC)

President Donald Trump prepared Americans for a coming surge in coronavirus cases, calling COVID-19 a plague and saying the U.S. is facing a “very, very painful two weeks.” “This could be a hell of a bad two weeks. This is going to be a very bad two, and maybe three weeks. This is going to be three weeks like we’ve never seen before,” Trump said at a White House press conference Tuesday. White House officials are projecting between 100,000 and 240,000 deaths in the U.S. with coronavirus fatalities peaking over the next two weeks. “When you look at night, the kind of death that has been caused by this invisible enemy, it’s incredible.” The U.S. has more coronavirus cases than any other country across the globe with 184,000 confirmed infections, according to data compiled by Johns Hopkins University.

New York has now become the new epicenter of the outbreak in the world with 75,795 confirmed cases as of Tuesday morning, more reported infections than China’s Hubei province where the coronavirus emerged in December. Earlier in the day, New York Gov. Andrew Cuomo said the outbreak in the state may not peak for three weeks. “I’m tired of being behind this virus. We’ve been behind this virus from day one,” the governor said in Albany. “We underestimated this virus. It’s more powerful, it’s more dangerous than we expected.” Trump, who grew up near New York City’s Elmhurst hospital in Queens, said no one can believe officials are setting up refrigerator trucks as temporary mortuaries outside the hospital. Trump said New York “got a late start” in rolling out its mitigation efforts.

New York City is setting up a handful of makeshift field hospitals to house coronavirus patients at the Jacob K. Javits Center, in Central Park and at the tennis courts in Queens that host the U.S. Open. De Blasio said the city is working with the federal government, the hotel industry and various other businesses to turn other buildings into potential medical facilities. More than 1,000 people in New York City alone have already died from the coronavirus, according to data updated at 5 p.m. ET by the NYC Health Department. “This is going to be the roughest three weeks we’ve ever had in this country,” Trump said. “I wanted as few as a number of people to die as possible. And that’s all we’re working on.”

US coronavirus deaths:

3/1 2
3/2 6
3/3 9
3/4 11
3/5 12
3/6 17
3/7 19
3/8 21
3/9 26
3/10 31
3/11 38
3/12 41
3/13 49
3/14 58
3/15 65
3/16 87
3/17 111
3/18 149
3/19 195
3/20 263
3/21 323
3/22 413
3/23 541
3/24 704
3/25 938
3/26 1195
3/27 1588
3/28 2043
3/29 2419
3/30 3004
Now 4076

Read more …

“At least 400 people died TODAY in New York because of the coronavirus.

We have refrigerated trucks now set up all over the city to hold the bodies.

The morgues are at capacity.

Absolutely heartbreaking day.”

Putin Asked Trump If He Needed Help & He Accepted (RT)

A cargo plane loaded with medical supplies and protection equipment may depart for the US by the end of Tuesday, the Kremlin said, after a phone call between US President Donald Trump and Russian President Vladimir Putin. The issue of protective gear was raised during the Monday phone talks, with Putin asking if the US needed help and Trump accepting, Kremlin spokesman Dmitry Peskov told reporters on Tuesday. Moscow suggested the aid in anticipation that the US will be able to return the favor if necessary, once its manufacturers of medical and protective equipment catch up with demand, Peskov said. The current situation “affects everyone without exception and is of a global nature,” he added. “There is no alternative to acting together in the spirit of partnership and mutual assistance.”


On Monday, Trump told reporters at the White House press briefing that “Russia sent us a very, very large planeload of things, medical equipment, which was very nice.” The comment left everyone scratching their heads, as no one in the US seemed to know anything about the plane in question. It appears the US president was referring to the aid arranged on the phone call as something that had already happened. Peskov chastised “some of the American side” who “at least did not contribute to the prompt resolution of technical issues” regarding the agreed-upon delivery, which could explain the delay. Official data shows the US has been among the nations hardest-hit by the Covid-19 pandemic, with almost 175,000 confirmed cases and 3,416 deaths as of Tuesday afternoon – overtaking China, where the contagion originated in December. Italy still has the highest death toll in the world, at 12,428.

Read more …

Steve Keen: “an editorial in The Hill by Richard Vague, who is Pennsylvania’s acting Secretary of Banking and Securities. Richard was a highly successful banker, the co-founder of two major personal-finance-oriented companies Juniper Financial, and First USA Bank, and then CEO of the energy marketing company Energy Plus. He is a patron and a close friend. He is the author of “A Brief History of Doom” (2019), which I regard as the best history of financial crises ever written–far better than Kindleberger and Mackay.”

How To Rescue Our Coronavirus-Infected Economy From Collapse (Richard Vague)

The U.S. government should implement a program of monthly checks of $1,000 for three months — a timeframe which could be extended — to individuals above 18 and below some income threshold, say $200,000. A one-time check is not enough. The continuity of these payments is the most central, critical recommendation. Even if Americans stay cooped up, they can and should be encouraged to spend across the board, including on things like restaurant gift certificates, since the restaurant industry alone now estimates up to 7 million job losses. Even ten years after the Great Recession, households and businesses still have near-record levels of debt and, with this GDP collapse, will now be drowning in that debt.

The U.S. government should institute an immediate three-month moratorium on payments of mortgages, credit cards and student debt, along with a similar moratorium policy for business loan payments. This should be extended beyond three months if necessary. Having spent much of my career in banking, I view this approach as feasible, as long as regulators have the guidance to allow it. As part of this, the federal government would implement this policy for government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac, for government-guaranteed student loans and other lending programs that have its full or partial backing; the loans could be extended or restructured to accommodate this, and borrowers could continue to pay if they chose. Regulators also should work with the industry to put together other prudent forms of loan forbearance.

The government should implement a three-month moratorium on all rent payments, and establish a fund to extend money to landlords to accommodate this rent forbearance. It should implement a three-month moratorium on all federal tax payments, which could be extended if necessary. It should commit to cover all healthcare costs associated with the coronavirus, structured such that care providers can bill the government directly so no forms or reimbursements would be required of individuals. It also will be necessary to provide capital support for select, troubled industries beyond the airline, hotel and cruise ship industries. This part does not need to be a handout; it can take the form of a preferred equity investment. It will soon need to provide substantial support to states and local governments. This program will not provide a result that is perfect in its fairness, but the need to move quickly far outweighs that consideration.

Read more …

From a right wing source. A different view on this topic: “On March 1, 2003, the NPS became the Strategic National Stockpile (SNS) program managed jointly by DHS and HHS. With the signing of the BioShield legislation, the SNS program was returned to HHS for oversight and guidance. In 2018, oversight of Strategic National Stockpile was transferred to HHS/ASPR from HHS/CDC.”

What does the move from CDC to Assistant Secretary for Preparedness and Response entail?

Obama’s Failure To Resupply Respirators In Federal Stockpile (JTN)

The Strategic National Stockpile, America’s giant medical storage closet for a terrorist or biological crisis, once boasted more than 100 million respirator masks to protect doctors, nurses and other frontline health care workers in case of a contagion. But when the COVID-19 pandemic started a few months ago, the supply had dwindled down to just 12 million fitted masks, known as N95 respirators, and 30 million surgical masks, a supply deemed to be less than 2 percent of what the nation would need for full-blown pandemic. The tale of how such a critical supply lapsed, leading the Trump administration to scramble for 500 million new masks in the midst of pandemic, is one of government neglect and competing priorities that began in 2009.

That’s when the Obama administration drew down nearly 97 million of the masks to deal with the H1N1 swine flu pandemic, effectively protecting frontline medical workers from a virus that infected more than 60 million Americans. But when it was over, the administration decided not to fully restock the respirators, choosing to spend its $600 million annual budget for the stockpile on other priorities such as key drugs and vaccines to deal with smallpox, anthrax and the like, experts said. There is really “no answer why the supplies were not replenished because the N95 masks are invaluable tools for preparedness and it was important that they be restocked,” said Charles Johnson, President of International Safety Equipment Association, whose members make supplies for the stockpile.

In the end, Johnson said, the Obama administration chose to use its “limited funds” in other ways and “made the best choices at the time even though his association and others periodically restated their calls to replenish” the N95 masks. That trend continued in the early Trump years as well. The Clinton administration first began to examine a national plan to respond to pandemics and create the federal stockpile in 1990s. But the formal National Strategy for Pandemic Influenza was not officially published until 2005 during the George W. Bush administration, following the anthrax scare in 2001 and the severe acute respiratory syndrome (SARS) in 2002.

[..] According to a Center for Disease Control report published after the 2009 H1N1 pandemic, 39 million N95 masks were initially distributed from the stockpile, followed by 59.5 million more in second wave. According to Johnson, the stockpile originally was about 100 million masks. From April 12, 2009 to April 10, 2010, there were over 60 million cases of H1N1 requiring 274,304 hospitalizations and resulting in 12,469 deaths in the United States. After the H1N1 virus slowed down in 2010, according to Johnson, “it was important to restock.” That did not happen as the national stockpile budget focused on other priorities deemed higher.

Read more …

Literally every single state appears to have different rules?!

Do I Have to Pay My Rent or Mortgage During the Pandemic? (DB)

As March winds down, at least 250 million Americans have been told to stay home or “shelter in place” to help stop the spread of COVID-19. Problem is, many can’t help wondering if they can still afford a place to shelter in—if they ever could. Long before the coronavirus pandemic, generous swaths of the United States faced an affordable housing crisis. With millions of Americans losing their jobs and millions more facing unemployment in the near future thanks to a concerted economic shutdown geared at reining in the disease, talk of rent strikes and freezes are in the air.

The Trump administration recently nodded to the problem by ordering a foreclosure moratorium on single-family home mortgages backed by the Federal Housing Administration or obtained through government-owned lenders Fannie Mae and Freddie Mac. Fannie and Freddie have also offered forbearance for borrowers experiencing hardship. And the finance giants have dangled payment relief to indebted apartment building owners who grant respite to renters, a move the Federal Housing Finance Agency estimates could affect 43 percent of the market in multifamily leases. Then there’s the $2 trillion stimulus bill that passed last week, which contains language forbidding evictions and late charges on any property receiving virtually any federal aid.

It also permits those owing money to Fannie or Freddie to request up to six months of forbearance, though it leaves the onus on borrowers to do so. If your home doesn’t fall under one of these categories or programs, and you’re wondering if you owe money to your landlord or lender, the answer is probably yes—at least for now. Still, some state and local governments have moved to stem evictions and foreclosures for everyone, and a few are even freezing rent and mortgage payments entirely. Here’s a breakdown of COVID-19 rules on housing across every state and many large metropolitan areas. This story will be updated as events warrant.

Read more …

Like, make it even worse?

Will Shift To Distance Learning Reshape American Education? (JTN)

It likely represents one of the most ambitious, albeit uncoordinated, educational experiments in history: Can you successfully digitize an entire country’s higher education industry very nearly overnight? And if so, what does that say about the future of distance learning? Where does it go from here? Distance education itself is already widespread throughout the United States: The National Center for Education Statistics estimates that in the fall of 2017 there were well over 6.5 million American students enrolled in online programs, nearly a third of all postsecondary students in the country. Nearly half of those were exclusively enrolled in online programs; slightly more than half had “at least one” online course.

When they hear of online education, most people might picture private, for-profit corporations, the ones that build vanilla, office park-like campuses in the suburbs of American cities and whose commercials pop up regularly on network television and YouTube advertisements: Strayer, the University of Phoenix, DeVry University. Yet those establishments form a relatively small minority of the overall online education industry: the NCES says the vast majority of students who attend virtual classrooms do so at more traditional institutions. Not even 15% of all online attendance is done at private, for-profit organizations.

Distance education, then, is very much a concern for legacy institutions, including those known for their idyllic and venerated campus experiences: Schools like Harvard and Princeton and Northwestern and Chicago all have their own exclusively online divisions, while more and more state and regional schools are expanding their digital opportunities. Indeed, the existence of those programs is likely why many American schools were able to transition with (relative) ease to online learning environments. A vital question to ask, then, is: Does this near-total transition to online learning suggest an upcoming major shift in the distance education economy? Will schools be able to use this monumental adjustment to expand online learning and perhaps fundamentally reshape American higher education?

Dr. Wallace Boston, the president of the private, for-profit, online American Public University System, says yes. “I believe we will see an uptick in distance education” following the pandemic, he told Just the News. “The most likely reason that we will see an uptick is that many institutions will want to keep some form of online instruction and infrastructure in the event that this pandemic recycles through again or that there is another event that might require social distancing or quarantines,” he argued. “Some may even view online offerings as strategic opportunities for their institution.”

Read more …

Before or after they’ve been tested?

Should All Americans Be Wearing Face Masks? (JTN)

[California] Gov. Gavin Newsom Tuesday said that the state is considering guidance around whether people beyond the medical profession should wear some sort of mask or face covering, including in professions like grocery store workers. The science is incomplete in this area, according to Newsom, and there is a concern that people will think masks are a replacement for social distancing, which they aren’t. Surgeon General Jerome Adams has said that the practice often leads to increased touching of one’s face and can produce a “false sense of security,” adding that the World Health Organization and the CDC have reaffirmed in the last few days is that they do not recommend the general public wear masks.

“The virus is not spreading in the general community,” Dr. Nancy Messonnier, director of the Center for the National Center for Immunization and Respiratory Diseases, said in a Jan. 30 briefing. “We don’t routinely recommend the use of face masks by the public to prevent respiratory illness. And we certainly are not recommending that at this time for this new virus.” As the cases of COVID-19 grows across America and supplies like face masks and gowns are in short supply, health experts say implementing guidance may take masks away from the health care providers who are on the frontlines of the pandemic. However others believe that masks, even homemade masks, would help reduce the risk of unknowingly spreading the virus through coughs, sneezes, even yawns or simple conversation.

George Gao, director-general of the Chinese Center for Disease Control and Prevention said in an interview with Science magazine that “when you speak, there are always droplets coming out of your mouth.” “The big mistake in the U.S. and Europe, in my opinion, is that people aren’t wearing masks,” Gao said. Meanwhile, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on Tuesday that the White House coronavirus task force is also seriously considering guidance that Americans wear masks. “The idea of getting a much more broad, community-wide use of masks outside of the health care setting is under very active discussion at the task force. The CDC group is looking at that very carefully,” Fauci told CNN.

Read more …

Poor choice of words perhaps? To hide the emptiness implied?

Fed Will Do ‘Whatever It Takes’ To Help US Economy Likely In Recession (R.)

The Federal Reserve is ready to do more to help a U.S. economy ground to a sudden halt as businesses shutter and people stay home to slow the coronavirus pandemic, San Francisco Fed President Mary Daly said on Tuesday. “The Federal Reserve is prepared to do whatever it takes within our powers to ensure that we are part of the solution of shoring up people over the virus, shoring up the American economy and putting us in the best position to grow again once the virus recedes,” Daly said in an interview with Yahoo Finance. “If we do the right thing and shelter in place and curb the spread of the virus, the economy will be in the best position to bounce back.”


With the coronavirus infecting tens of thousands of Americans and killing hundreds each day, three-quarters of the U.S. population are under orders to stay home except for essential trips to slow the spread of the virus. With businesses laying off millions of workers as demand dries up and states ordering non-essential businesses to close, the economy is likely already in recession, Daly said. The Fed’s job, along with that of the U.S. government that on Friday finalized a $2.2 trillion rescue package, is to provide the support to financial markets, businesses and people who are doing their duty to boost the public health, Daly said. Once the pandemic threat has passed, the Fed’s programs and low interest rates will help drive the economic recovery, she said.

Read more …

FTCoronaGraphMar31

Is Moon of Alabam going full hippie on us?

US Virus Cases Off The Scale – But People Can Build Movement From This (MoA)

When John Burn-Murdoch created that daily updated chart he did not anticipate that any country would have more than a 100,000 total cases. That was a reasonable assumption as China, with 1.4 billion inhabitants, stopped the epidemic with less than 85.000 total cases even when it was surprised by the outbreak. As of now the U.S. has 164.435 known cases. It will reach a total number of several dozens of millions and will have several hundreds of thousands of dead caused by the covid-19 disease. Most but not all of those who will die from it will have one or more co-morbid diseases.

The number of death in the U.S. will likely be higher than elsewhere because obesity, diabetes and heart problems are more prevalent in the U.S. than in most other countries. Another reason why the U.S. will have a larger than necessary outbreak is wide mistrust in the authority of the state. A significant number of people will reject stay at home orders or other measures the authorities will have to take. Then there is this: Pouya Alimagham @iPouya – 0:48 UTC · Mar 31, 2020 “The regime doesn’t want to antagonize the religious classes. Thus, it isn’t doing anything about the fact that some religious sites remain open & clerics are encouraging worshippers to come & pray. These gatherings risk exploding #COVID19. I’m talking about the US, not #Iran.”

The U.S. also has many people without health insurance. The many newly laid off people will additionally lose theirs. These people will avoid seeing a doctor or to go to a hospital as the enormous costs would ruin them. The for-profit health system will reject sick persons who are unlikely to be able to pay their bills. The cases of people who die from such circumstance should be put into the death by lack of money category instead of being blamed on something else. Congress has failed to take the necessary measures and to give everyone access to free tests and free care. This will come back to bite everyone as it makes sure that the disease will circulate longer and stronger than in other rich countries.

Every crisis is also a chance. Congress has used it to again loot the people and to push more money to the rich. At the same time the powers that be have denied universal healthcare and paid sick leave to those who need it. The covid-19 epidemic is a chance to change that. There are already a number of strikes at Amazon and similar companies over work safety, health care and pay. Rent strikes must now follow. When the bills come in for families with covid-19 cases many more people will get more interested in medicare for all. A movement can be build from these issues. The Sanders campaign should provide a (virtual) platform for it.

The U.S. has enough money to pay for the security of its people. Security is not a military issue. A hugely expensive aircraft carrier with sick sailors is worth nothing. Pandemics are a real security issues and the U.S. has left its people defenseless against them. Cut the aircraft carriers and other insane military spending and invest it in the health of the people. That message will soon be widely understood. We can all help to reinforce it.

Read more …

Q: how useless is this if you test only some people? Can’t very well adopt the western idea of testing only those who look sick.

China Starts To Report Asymptomatic Coronavirus Cases (R.)

Chinese health authorities began on Wednesday reporting on asymptomatic cases of the coronavirus as part of an effort to allay public fears that people could be spreading the virus without knowing they are infected with it. China, where the coronavirus emerged late last year, has managed to bring its outbreak under control and is easing travel restrictions in virus hot spots. But there are concerns that the end of lockdowns will see thousands of infectious people move back into daily life without knowing they carry the virus, because they have no symptoms and so have not been tested. Up to now, the number of known asymptomatic cases has been classified, and it is not included in the official data, though the South China Morning Post newspaper, citing unpublished official documents, recently said it was more than 40,000.


In an effort to dispel public fears about hidden cases of the virus, the government has this week ordered health authorities to turn their attention to finding asymptomatic cases and releasing their data on them. Health authorities in Liaoning province were the fist to do so on Wednesday, saying the province had 52 cases of people with the coronavirus who showed no symptoms as of March 31, they said in a statement on a provincial government website. Hunan province said it had four such cases, all of them imported from abroad, it said in a statement on its website. The National Health Commission is due to start reporting aggregate, national data on asymptomatic cases later on Wednesday.

Read more …

Unthinkable now, but soon Americans will be thanking Putin, and thanking Trump.

How Disinformation Really Works: Russian COVID19 Aid To Italy Smeared (RT)

With over 11,000 deaths and more than 100,000 cases of Covid-19, Italy is currently a country which feels under siege. But this is no impediment to the think tank racket twisting an offer of support for its propaganda purposes. Here’s what happened. The weekend before last, Vladimir Putin called Italian Prime Minister Giuseppe Conte. During the conversation, Conte asked for help, in fighting coronavirus, according to the Kremlin readout which hasn’t been contradicted by Italian officials. Let’s be clear from the outset, there was undoubtably a strong PR, as well as practical, element to Russia’s assistance. However, there were also advantages to Rome from this approach, as the move may have helped to concentrate a few minds among its traditional allies.

Moscow sent teams of “doctors, protective gear and medical equipment” to the stricken country. The detail included 100 military virologists and epidemiologists, along with eight medical teams, according to Russian news outlets. Most importantly, it delivered 600 ventilators. A significant amount given Italy apparently had only about 5,000 of the devices. Indeed, a few days after the Putin/Conte call, the New York Times was writing about Italy’s “ventilator crisis.” There’s usually nothing like a bit of Russian influence to jolt EU and NATO elites into action. As mentioned above, no doubt this was also part of Conte’s reasoning. That said, it’s also worth mentioning that some other Europeans states have tried to help the Italians. Germany and France, in particular, took patients and sent supplies, despite dealing with outbreaks of their own. Yet, many in Italy feel they haven’t done enough.

A few days after the aid landed, a campaign began on Twitter to discredit the Russian initiative. The first I saw of it was a tweet from Oliver Carroll, of London’s Independent newspaper, who presumably speaks Italian (I don’t, so I am relying on his translation). “Some Italians are expressing unease about Putin’s Covid-19 emergency aid,” he wrote. “Acc(ording) to La Stampa, 80 percent of supplies (are) “useless,” (and) sources worry about high-ranking military officers now in (the) country. Russian soldiers (are) free to roam (in) Italy a few steps away from NATO,” the paper stated. “La Stampa says China sent masks (and) ventilators; (but) Russia sent irrelevant equipment used for bacteriological and chemical outbreaks,” Carroll added. “(There is a) belief that Russia … (is) not helping us only for great goodness of its people… now beginning to circulate in broad sectors, military and political.”

Read more …

 

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“Our leaders, if they think of empathy at all, think in terms of Steve Martin’s advice: ‘Before you criticize a man, walk a mile in his shoes. That way, when you do criticize him, you’ll be a mile away and have his shoes.’”

 

 

 

 

 

 

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Mar 282020
 


Dorothea Lange White Angel Bread Line, San Francisco 1933

 

US Coronavirus Cases Top 100,000, Doubling In Three Days (CNBC)
The UK’s Coronavirus Policy May Sound Scientific. It Isn’t (Taleb, Bar-Yam)
Up To 40 Million Lives Could Be Saved If Countries Act Quickly (Ind.)
Dr. Fauci: Coronavirus Death Rate Like Very Bad Flu (WND)
China Closes Borders, Claims Wuhan ‘Basically Blocked’ Coronavirus (SAC)
Countries Worldwide Roll Out Draconian Measures To Fight Covid-19 (RT)
COVID-19 Has Exposed Just How Broken American Economy & Society Are (Ritter)
US May Be Headed For Highest Unemployment Ever (RT)
Yet Another Rant on Coronavirus & Trump (Brad DeLong)
Millions Will Struggle To Pay Rent In April, But Few In Congress Care (IC)
Panama Canal Blocks Cruise Ship With 138 Ill, 2 COVID-19 Cases On Board (BI)
Venezuela’s Coronavirus Response Might Surprise You (Flores)
RT Loses Challenge Against Claims Of Bias In Novichok Reporting

 

 

US tops 100,000, world almost tops 100,00 new cases in 24 hours. Winning.

 

 

Cases 613,829 (+ 71,444 from yesterday’s 542,385)

Deaths (+ 3,861 from yesterday’s 24,368)

 

 

 

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

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 17% –

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

 

 

I think we just missed the next 100,000 global cases within 24 hours.

US Coronavirus Cases Top 100,000, Doubling In Three Days (CNBC)

Confirmed COVID-19 cases in the U.S. surpassed 100,000 Friday, doubling in just three days as the pandemic accelerates and the U.S. rolls out broader testing measures. Data from Johns Hopkins University showed the total number of coronavirus cases as 101,707 and the total number of deaths in the U.S. as 1,544. The virus emerged in Wuhan, China, in December. It has since spread to more than half a million people in almost every country around the world and continues to pick up speed, the World Health Organization warned earlier this week. “The pandemic is accelerating,” WHO Director-General Tedros Adhanom Ghebreyesus said Monday at a press briefing from the organization’s Geneva headquarters.

“It took 67 days from the first reported case to reach 100,000 cases, 11 days for second 100,000 cases, and just four days for the third 100,000 cases.” Confirmed U.S. cases passed 50,000 on Tuesday, up from 5,000 last week. At the beginning of the month, there were roughly 100 confirmed cases in the U.S. On Thursday, confirmed cases in the U.S. surpassed that of both China and Italy, making it the country with the largest outbreak in the world. The number of confirmed cases likely underestimates the true number of infections across the country, officials have acknowledged. Testing in the U.S. has been hampered by delays and a restrictive diagnostic criteria that limits who can get tested. With 44,635 confirmed cases as of Friday morning, New York state accounts for almost half of all cases in the U.S., according to Gov. Andrew Cuomo.


He said Thursday that the rapid growth of confirmed cases is partly due to a “backlog” of infections that had not been confirmed due to lack of testing. However, the virus appears to be spreading to multiple so-called hot spots around the country, including Los Angeles, Detroit, New Orleans and other cities around the country.

Read more …

I can quote myself here from last night:

Taleb is very correct in his assessment that the precautionary principle is the only viable approach. Which means you have to hedge for the worst, and only after that may there be other options.

What he doesn’t say clearly enough, I think, is that the ignorant politicians and their science advisers (who only know how to model), as well as the equally ignorant media, have been so late in reacting they should all be pink slipped. Imagine people would have paid attention to the Jan 25 piece he references, when it was published (it advised “moderate distancing”, immediately). [constrain mobility. Immediately]

A report last week said if China had acted 3 weeks earlier 95% of its cases could have been prevented. That is true everywhere.”

The UK’s Coronavirus Policy May Sound Scientific. It Isn’t (Taleb, Bar-Yam)

When, along with applied systems scientist Dr Joe Norman, we first reacted to coronavirus on 25 January with the publication of an academic note urging caution, the virus had reportedly infected fewer than 2,000 people worldwide and fewer than 60 people were dead. That number need not have been so high. At the time of writing, the numbers are 351,000 and 15,000 respectively. Our research did not use any complicated model with a vast number of variables, no more than someone watching an avalanche heading in their direction calls for complicated statistical models to see if they need to get out of the way.

We called for a simple exercise of the precautionary principle in a domain where it mattered: interconnected complex systems have some attributes that allow some things to cascade out of control, delivering extreme outcomes. Enact robust measures that would have been, at the time, of small cost: constrain mobility. Immediately. Later, we invoked a rapid investment in preparedness: tests, hospital capacity, means to treat patients. Just in case, you know. Things can happen. The error in the UK is on two levels. Modelling and policymaking.

First, at the modelling level, the government relied at all stages on epidemiological models that were designed to show us roughly what happens when a preselected set of actions are made, and not what we should make happen, and how. The modellers use hypotheses/assumptions, which they then feed into models, and use to draw conclusions and make policy recommendations. Critically, they do not produce an error rate. What if these assumptions are wrong? Have they been tested? The answer is often no. For academic papers, this is fine. Flawed theories can provoke discussion. Risk management – like wisdom – requires robustness in models. But if we base our pandemic response plans on flawed academic models, people die. And they will.

This was the case with the disastrous “herd immunity” thesis. The idea behind herd immunity was that the outbreak would stop if enough people got sick and gained immunity. Once a critical mass of young people gained immunity, so the epidemiological modellers told us, vulnerable populations (old and sick people) would be protected. Of course, this idea was nothing more than a dressed-up version of the “just do nothing” approach. Individuals and scientists around the world immediately pointed out the obvious flaws: there’s no way to ensure only young people get infected; you need 60-70% of the population to be infected and recover to have a shot at herd immunity, and there aren’t that many young and healthy people in the UK, or anywhere. Moreover, many young people have severe cases of the disease, overloading healthcare systems, and a not-so-small number of them die. It is not a free ride.

And Taleb’s best friend, Fat Tony has a message for many people out there:

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As the WaPo: contends “Disease Modelers Factor In New Public Health Risk: Accusations Their Work Is A Hoax”. What, accused by Taleb? Why is anyone still quoting the WaPo? Doesn’t their record speak for itself?

40 million is one of the highest numbers I’ve seen. Luckily, not every politician is Bolsonaro.

Up To 40 Million Lives Could Be Saved If Countries Act Quickly (Ind.)

If all countries implemented strict anti-coronavirus measures and did so rapidly, up to 40 million lives worldwide could be saved in theory this year, British scientists have calculated. Acting early can cut death numbers by up to 95 per cent but failing to curb the effects of Covid-19 could lead to huge loss of life, they found. Their study concludes that testing and isolation of suspected cases as well as wide social-distancing measures early on can have a dramatic impact. Scientists at Imperial College London studied the health impacts of the pandemic in 202 countries, to compare three scenarios: theoretical death rates without any interventions or distancing with two that could be achieved by policies to curb or suppress spread of the disease.

In all three cases, health systems in all countries would still be quickly overwhelmed without high-cost steps to prevent coronavirus, the report warns. If governments globally did nothing to combat the virus, the pandemic in all likelihood would have caused around 7 billion infections 40 million deaths this year, they concluded. But by taking strict measures as soon as possible, 95 per cent of deaths could be prevented, saving 38.7 million lives, based on an average of 0.2 deaths per 100,000 population per week. If these strict measures are delayed, 30.7 million people’s lives are saved, the research found. “Delays in implementing strategies to suppress transmission will lead to worse outcomes and fewer lives saved,” the academics report.

A midway scenario that involved shielding the elderly and slowing but not interrupting transmission – with a 40 per cent reduction in social contacts among the general population – only halved the number of lives lost. “How individual countries respond in the coming weeks will be critical in influencing the trajectory of national epidemics,” the report says. But lower-income countries are likely to face a much higher burden than wealthier nations, with 25 times more patients in poor nations needing critical care than beds available, while in high-income countries demand outstrips supply by seven times, the report says. Dr Patrick Walker, an author of the report, said: “We estimate that the world faces an unprecedented acute public-health emergency in the coming weeks and months.

“Our findings suggest that all countries face a choice between intensive and costly measures to suppress transmission or risk health systems becoming rapidly overwhelmed. However, our results highlight that rapid, decisive and collective action now will save millions of lives in the next year.”

https://twitter.com/noelhimself/status/1243196148787163136

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Weird turnarounds: Fausi goes from a 1.0% CFR to 0.1% in 2 weeks, Neil Ferguson takes just 10 days to move from 500,000 deaths to under 20,000. Oh, and Deborah Brix claims the US have “..enough data now of the real experience with the coronavirus on the ground..” and, well, after all: “Models are [just] models”.

Now, she of course in fact merely has new models based on new data (so why diss models?), and it’s not nearly enough; re: testing. What Fauci and Ferguson hope to accomplish in risking their credibility with their sudden “moodswings” is unclear, but they’re not sufficiently supported by new data either. Not in that amount of time. Political pressure perhaps?

Dr. Fauci: Coronavirus Death Rate Like Very Bad Flu (WND)

Dr. Anthony Fauci, a key member of the White House Coronavirus Task Force, co-authored an article published Thursday in the New England Journal of Medicine predicting the fatality rate for the coronavirus will turn out to be like that of a “severe seasonal influenza.” In an exceptionally bad flu season, the case fatality rate is about one-tenth of 1 percent, the authors write. Regarding the current coronavirus pandemic, they said: “If one assumes that the number of asymptomatic or minimally symptomatic cases is several times as high as the number of reported cases, the case fatality rate may be considerably less than 1%.”

Taking into account the unreported cases, they conclude “that the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar to SARS or MERS, which have had case fatality rates of 9 to 10% and 36%, respectively.” Fauci is the director of the National Institute of Allergy and Infectious Diseases. His current assessment is a signicant downgrade from the figure he cited in testimony to the House of Representatives on March 11 in which he called for a cancellation of any large gatherings. Fauci estimated at the time – prior to the current shutdown – that the true mortality rate of the coronavirus outbreak, taking into account unreported cases, was “somewhere around 1%, which means it is 10 times more lethal than the seasonal flu.”

[..] the lead author of a dire coronavirus study cited by the White House, Downing Street and other governments in their decisions implement unprecendented “social distancing” measures has drastically revised the estimated death toll of the pandemic in the U.K. The study by Imperial College of London published March 16 estimated that 2.2 million Americans and 500,000 Britons could die. But lead author Neil Ferguson testified Wednesday to a parliamentary committee that the U.K. death toll is unlikely to exceed 20,000 and could be much lower. And more than half that number would have died anyway by the end of the year, because of their age and underlying illnesses, he told the panel.

[..] At the White House Coronavirus Task Force daily briefing Thursday, coordinator Dr. Deborah Birx mentioned Ferguson’s dramatic downgrade of his estimate. She said the predictions of models also “don’t match the reality on the ground in either China, South Korea or Italy.” “Models are models. There’s enough data now of the real experience with the coronavirus on the ground, really, to make these predictions much more sound,” said Birx. “So when people start talking about 20% of a population getting infected, it’s very scary,” she said. “But we don’t have data that matches that.”

Ferguson issued a clarification Thursday via Twitter, arguing his evidence to Parliament “referred to the deaths we assess might occur in the UK in the presence of the very intensive social distancing and other public health interventions now in place.” “Without those controls, our assessment remains that the UK would see the scale of deaths reported in our study (namely, up to approximately 500 thousand),” he wrote.

Read more …

China, from zero to hero. Nice story, but…

China Closes Borders, Claims Wuhan ‘Basically Blocked’ Coronavirus (SAC)

The Chinese government is reporting that the city of Wuhan, where the novel coronavirus began is no longer an area of “high risk” for the transmission of the coronavirus and hasn’t seen any new cases since March 18. The report comes as the country plans to close its borders to foreigners beginning Saturday, March 28 after limiting inbound and outbound international flights on Thursday. “The suspension is a temporary measure that China is compelled to take in light of the outbreak situation and the practices of other countries,” the Chinese Foreign Ministry said in a statement. “China will stay in close touch with all sides and properly handle personnel exchanges with the rest of the world under the special circumstances. The above-mentioned measures will be calibrated in light of the evolving situation and announced accordingly.”


The city of Wuhan first shut down on January, 23. That date, however, was too late in stopping the spread of the virus as millions of people fled shortly before the quarantine was ordered. According to the city’s mayor, it was nearly 5 million people. Many of the millions who left travelled abroad for the Chinese Lunar New Year. Earlier this month, President Xi Jinping visited Wuhan for the first time since the coronavirus outbreak began and claimed that the virus “has basically been curbed” in the city. He reportedly visited hospitals and quarantined citizens. The city is located in Hubei province, which claims to have had no cases for 22 consecutive days outside of Wuhan.

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Keyword: incompetence.

“..repeat offenders staring down the possibility of 3-18 months in prison..”

Countries Worldwide Roll Out Draconian Measures To Fight Covid-19 (RT)

New regulations in Singapore which threaten prison time for anyone found violating “social distancing” protocols exemplify the harsh rules being imposed around the world in the fight against coronavirus.
According to a press release from the Ministry of Health, Singaporeans who fail to maintain a distance of one meter from other people in “non-transient” public interactions can be fined up to 10,000 Singapore dollars ($6,985) and even risk a six-month jail sentence. The strict measures come as nations around the world adopt similarly extreme provisions to halt the spread of coronavirus.

Jordan introduced some of the most radical anti-coronavirus policies to date. The country initially imposed an around-the-clock lockdown, with officials promising to deliver bread and water to all citizens. Those who violated the strict quarantine were threatened with a year in prison. At least 800 were arrested over a span of several days, the Guardian reported. The measures were later eased, with the government permitting people to take walks and visit shops and pharmacies.

Authorities have begun to ratchet up efforts to stop quarantine violators in Italy. The country deployed more than 100 soldiers tasked with enforcing lockdown measures in Lombardy, the hardest-hit region in Europe. More than 90,000 Italians have been slapped with fines which can potentially reach €3,000 ($3,300). Italians can also end up behind bars for three months for flouting the stay-in-place protocols.

Spain might have the most stringent rules in Europe. Since announcing a countrywide lockdown in mid-March, residents have only been allowed outside for essentials such as grocery shopping or medical needs. The provisions, originally scheduled to be lifted after fifteen days, have been extended until April 11. Those found in violation of the rules face astronomical fines, with repeat offenders staring down the possibility of 3-18 months in prison. More than 30,000 fines have been issued and 900 arrests made for disobedience, according to reports.

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Just like Trump has, I would add.

COVID-19 Has Exposed Just How Broken American Economy & Society Are (Ritter)

The coronavirus pandemic has exposed some uncomfortable truths about the state of America today. First and foremost is the fragility of the American economy. After years of outsourcing manufacturing, the United States has constructed an economy where services industries comprise some 55 percent of overall economic activity. In the age of globalization, with interconnectivity functioning seamlessly, this model has been able to generate the appearance of prosperity, with a booming stock market and increased GDP. The reality, however, is that the American economy lacks resilience in time of crisis. The ongoing trade war with China, combined with a depressed global oil market, were in the process of exposing this reality before the coronavirus pandemic.

The national lockdown, and resulting economic stoppage, only accelerated what was a gradual economic recession in progress. Even if the US economy could be taken off stimulus-driven life support, the conditions that preceded the shutdown still exist and, if anything, have only been exacerbated by the impact of the pandemic on global economic health. American corporations have been shown to have little capacity to plan for “rainy day” contingencies, instead focusing all their economic resources on the generation of short-term profit. And the American working class has been likewise exposed as living on the edge of catastrophe, with few Americans able to fall back on savings that would enable them to ride out a period of sustained economic inactivity or, worse, to pay for emergency health care.

The other uncomfortable truth about America that has been exposed by the crisis is the overall fragility of American society. The medical emergency brought about by the need to treat this virus has shown that what passes for a national healthcare system is, in fact, a fragile construct of for-profit institutions susceptible to being rapidly overburdened and unable to function once the cash-stream of overpriced healthcare has been cut off. The coronavirus crisis has revealed the reality of the US healthcare system today – most Americans don’t have the wherewithal to get quality healthcare when needed – the cost of such care is prohibitive, as are the insurance premiums one must pay to cover it.

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“The peak unemployment rate in the US was 24 percent in the depth of the Great Depression..”

US May Be Headed For Highest Unemployment Ever (RT)

The coronavirus pandemic will push the US jobless rate even higher than it was during the Great Depression if all the gloomy forecasts are true, Roger Farmer, an economist at the University of Warwick, believes. Earlier this week, a US Federal Reserve official predicted that the outbreak will leave 30 percent of Americans jobless while the country’s GDP will fall by 50 percent. According to James Bullard, president of the St. Louis branch of the US Federal Reserve Bank, that could happen quite soon – in the second quarter of this year. “If that turns out to be correct it will be the highest ever recorded. The peak unemployment rate in the US was 24 percent in the depth of the Great Depression,” Professor Farmer told RT.


The economist noted that the decline may be short-term as the situation will start to improve as soon as social isolation ends. Much will depend on the right stimulus, such as direct wage subsidies that can help the economy to rebound. “If job losses become permanent and employment relationships are destroyed, the recovery will take longer,” the analyst said. Another forecast released by the developers of the US Private Sector Job Quality Index (JQI) warned that some 37 million workers across the US are vulnerable to layoffs due to the shutdowns triggered by the health crisis.

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Economist DeLong says: test test test. Which is the one thing everyone says they do, but nobody does, other than in token numbers.

Yet Another Rant on Coronavirus & Trump (Brad DeLong)

Could “reopening America for business” on Easter backfire? Oh, yes it could. Oh, it definitely could backfire: BIGTIME. The experience so far is that, in a society not undertaking social distancing, coronavirus cases double in a little less than five days—grow 100-fold in a month. If, say, the virus has been largely suppressed and only 10000 in the U.S. have it Easter week, then after the u.S. is opened up 1 million will have it on May 15, and then 100 million on June 15, at which point the epidemic will have pretty much run its course. But from May 1 to June 15 hospitals will have been overwhelmed. The likely death rate will have been not 1% but 6%. 5 million additional Americans will have died. In return we will have produced an extra $1 trillion of stuff. That’s a tradeoff of $200K per life, which is not a good tradeoff to aim at making.

And, while it could be better, it could be much worse… The right way to do it is to lockdown while we test, test, test, test, test: • Test a random-sample panel of 10000 Americans weekly to get a handle on the progress of the disease. • Test everyone for antibodies. • Let those who have had the disease and so are no immune go back to work—after testing to make sure that they are immune. • Indeed, draft those who have recovered to be hospital orderlies and nurses. • Make decisions based on knowledge of where the epidemic is in the community, and tune quarantine, social distancing, and shutdown measures to those appropriate given where the epidemic is. But we do not know where the epidemic is.

And because we are not testing on a sufficient scale, we will not know when and if the virus is truly on the run until a month after the peak, when deaths start dropping. And even then we will not know how much the virus is on the run. And removing social distancing before the virus is thoroughly on the run means that the virus comes roaring back. Once the virus is thoroughly on the run, then normal public health measures can handle it:

• Test, test, test. • Test patients presenting with symptoms. • Trace and test their contacts. Do what Japan and Singapore did—close to the epicenter in Wuhan, yet still with true caseloads lower than one in ten thousand. • Test those crossing borders, symptomatic or not. • Test those moving from city to city via air. •Test a random sample on the interstates, to see how much virus is leaking from place to place that way. • Test a random sample of the population to see whether and how much the disease was established, and then test another one.

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“..Pelosi and Democratic leadership still have their eyes on protecting corporations and not the people,” said one House Democratic staffer.”

Millions Will Struggle To Pay Rent In April, But Few In Congress Care (IC)

On Wednesday, April 1, rent payments will be due for the first time since the coronavirus outbreak was declared a pandemic — yet even with unemployment at a record high, major bill payments have barely factored into U.S. politicians’ response to the crisis. On Friday, the House passed an emergency multi-trillion dollar relief package, which was approved by the Senate on Wednesday night and will now head to President Donald Trump’s desk. It’s about five times bigger than Barack Obama’s 2009 stimulus and represents a massive upward transfer of wealth. Though it includes a significant expansion of unemployment benefits and a onetime check of up to $1,200 for individuals and $2,400 for couples, it’ll take up to three weeks for people to begin receiving those relief checks, according to Treasury Secretary Steven Mnuchin.

That will be too late for the nearly 3.3 million people who filed for unemployment benefits last week, and others who have become underemployed as a result of the pandemic. While some states — namely New York — have taken steps to temporarily block evictions, congressional Democrats, with the exception of a handful of progressive lawmakers, have shown almost no interest in addressing the bills due in less than a week, one of the most pressing financial concerns ordinary people currently face. “It shows that Pelosi and Democratic leadership still have their eyes on protecting corporations and not the people,” said one House Democratic staffer.

[..] For the most part, demands to cancel rent have been coming from the political left, tenants’ rights groups and other progressive activist circles. They have made modest and incremental gains in a handful of cities and states, but as of yet no change has been enacted that meets the size of the crisis. In California, Gov. Gavin Newsom issued an executive order leaving the decision to pause evictions up to local jurisdictions, which has prompted a confusing patchwork of temporary measures in cities like San Francisco and San Bernardino. States like Washington and Pennsylvania, meanwhile, have adopted more widespread measures.

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Left on March 7. And we still can’t say: leave them alone?!

Panama Canal Blocks Cruise Ship With 138 Ill, 2 COVID-19 Cases On Board (BI)

The Panama Canal Authority will block the MS Zaandam, a Holland America cruise ship with two confirmed cases of COVID-19 on board, from entering the canal. “Following protocol of Panama’s Ministry of Health, if a vessel has individuals who have tested positive for COVID-19 on board, it cannot make any port operations or transit the Canal,” the Panama Canal Authority said in a statement sent to Business Insider on March 27. The Holland America previously considered having the ship sail through the Panama Canal in order to head back to Fort Lauderdale for a March 30 arrival.


The Zaandam has been stranded off the coast of South America and Central America after different ports began closing to cruise ships due to coronavirus concerns. A bout of respiratory disease then broke out on the ship, prompting 138 sick passengers and crew members to report to the vessel’s medical center. Holland America confirmed that four passengers have died on board, and two individuals have tested positive for COVID-19. The cruise on the Zaandam was scheduled to last 14 days, embarking from Buenos Aires, Argentina, on March 7. For some passengers, the cruise would end after 14 days in San Antonio, Chile. For others, it was due to April 7 in Fort Lauderdale.

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Sanctions made Russia stronger, and Venezuela too.

Venezuela’s Coronavirus Response Might Surprise You (Flores)

Within a few hours of being launched, over 800 Venezuelans in the U.S. registered for an emergency flight from Miami to Caracas through a website run by the Venezuelan government. This flight, offered at no cost, was proposed by President Nicolás Maduro when he learned that 200 Venezuelans were stuck in the United States following his government’s decision to stop commercial flights as a preventative coronavirus measure. The promise of one flight expanded to two or more flights, as it became clear that many Venezuelans in the U.S. wanted to go back to Venezuela, yet the situation remains unresolved due to the U.S. ban on flights to and from the country. Those who rely solely on the mainstream media might wonder who in their right mind would want to leave the United States for Venezuela.

[..] These media outlets painted a picture of a coronavirus disaster, of government incompetence and of a nation teetering on the brink of collapse. The reality of Venezuela’s coronavirus response is not covered by the mainstream media at all. [Their articles shortchange] the damage caused by the Trump administration’s sanctions, which devastated the economy and healthcare system long before the coronavirus pandemic. These sanctions have impoverished millions of Venezuelans and negatively impact vital infrastructure, such as electricity generation. Venezuela is impeded from importing spare parts for its power plants and the resulting blackouts interrupt water services that rely on electric pumps. These, along with dozens of other implications from the hybrid war on Venezuela, have caused a decline in health indicators across the board, leading to 100,000 deaths as a consequence of the sanctions.

[..] First, international solidarity has played a priceless role in enabling the government to rise to the challenge. China sent coronavirus diagnostic kits that will allow 320,000 Venezuelans to be tested, in addition to a team of experts and tons of supplies. Cuba sent 130 doctors and 10,000 doses of interferon alfa-2b, a drug with an established record of helping COVID-19 patients recover. Russia has sent the first of several shipments of medical equipment and kits. These three countries, routinely characterized by the U.S. foreign policy establishment as evil, offer solidarity and material support. The United States offers more sanctions and the IMF, widely known to be under U.S. control, denied a Venezuelan request for $5 billion in emergency funding that even the European Union supports.

Second, the government quickly carried out a plan to contain the spread of the disease. On March 12, a day before the first confirmed cases, President Maduro decreed a health emergency, prohibited crowds from gathering, and cancelled flights from Europe and Colombia. On March 13, Day 1, two Venezuelans tested positive; the government cancelled classes, began requiring facemasks on subways and on the border, closed theaters, bars and nightclubs, and limited restaurants to take-out or delivery. It bears repeating that this was on Day 1 of having a confirmed case; many U.S. states have yet to take these steps. By Day 4, a national quarantine was put into effect (equivalent to shelter-in-place orders) and an online portal called the Homeland System (Sistema Patria) was repurposed to survey potential COVID-19 cases.

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If I were a Briton, I’d be very worried about the state of my judicial system by now.

RT Loses Challenge Against Claims Of Bias In Novichok Reporting

The Kremlin-backed news channel RT has lost a high court challenge to overturn a ruling by the UK media regulator that it broadcast biased programmes relating to the novichok poisoning in Salisbury and the war in Syria. Ofcom fined RT £200,000 after determining that seven programmes, including two presented by the former MP George Galloway, were in breach of UK broadcasting rules relating to due impartiality regarding matters of political controversy. The programmes fronted by Galloway, a regular presenter on the 24-hour news channel, covered the poisoning of the Russian ex-spy Sergei Skripal and his daughter Yulia in Salisbury two years ago. While the poisoning was blamed on Russia, Galloway cast doubt on the assertion.

Ofcom also found that four news and current affairs broadcasts addressing the US’s involvement in the Syrian conflict, and a news programme concerning the Ukrainian government’s position on Nazism and the treatment of Roma people, breached impartiality rules. RT contended that Ofcom had not taken into account the fact that the “dominant media narrative” at the time of the poisonings – that Russia was to blame – meant it could leave that view out of its own programming. The broadcaster also said the requirement to be impartial interfered with its right to freedom of expression. Lord Justice Dingemans, who delivered the high court judgment remotely on Friday, said the requirement for media to be balanced was paramount in the era of fake news.

“At present, the broadcast media maintains a reach and immediacy that remains unrivalled by other media,” he said. “Indeed, there is reason to consider that the need [for due impartiality] is at least as great, if not greater than ever before, given current concerns about the effect on the democratic process of news manipulation and of fake news.” He saud RT was not restricted from broadcasting its point of view on the Salisbury poisonings, the war on Syria or events in Ukraine. “The only requirement was that, in the programme as broadcast, RT provided balance to ensure that there was ‘due impartiality’,” he said.

Read more …

 

It must be possible to run a joint like the Automatic Earth on people’s kind donations. These are no longer the times when ads pay for all you read, your donations have become an integral part of it. It has become a two-way street; and isn’t that liberating, when you think about it?

Thanks everyone for your wonderful and generous donations over the past few days. The rest of you: don’t be strangers.

 

 


Be like Mr Lego. Don’t forget to wash your hands

 

 

 

 

 

 

 

 

To prevent the Black Death spreading in the 14th century, all ships thought to be infected were isolated for 40 days to prevent the spread of the disease. In fact, the word quarantine comes from the Italian quaranta giorni, meaning “40 days”.

 

 

Support us in virustime. Help the Automatic Earth survive. It’s good for you.

 

Mar 272020
 

 

 

More People Are Dying Of COVID-19 In The US Than We Know (BF)
We Could Watch Entire Populations Vanish (IC)
Coronavirus Could Kill 81,000 In US, Subside In June – Washington U. (R.)
Hold The Line (M.)
China Promotes Bear Bile As Coronavirus Treatment (NatGeo)
Fed Balance Sheet Tops $5 Trillion For First Time (R.)
Broward Poll Workers Test Positive For COVID-19 (L10)
Moscow Laboratories Will Conduct 13,000 Tests For Coronavirus Every Day (Tass)
New Zealand Coronavirus Deaths During Lockdown Could Be Just 20 – Modelling (G.)
Coronavirus Job Losses Will Raise Mortgage Stress More Than GFC Did (ABC.au)
France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears (ZH)
Spike in Unemployment Claims is Even More Horrid Than it Appears (WS)
What Should The EU Do Now: 3-Point Plan For Averting A Depression (Varoufakis)
Dylan Ratigan: “An Abomination Beyond Comprehension” – “Bernie Folded” (Dore)
Muder Most Foul (Bob Dylan)

 

 

A word about testing. There are stories everywhere of people dying without even having beenn tested, and of doctors not getting permission to test. Many countries have a central body that must give permission for a test, and they often don’t until it’s too late in the game (the life). To a larg extent, this is because politicians simply failed to procure test kits. But there’s another thing: political incentives for massive and accurate testing hardly exist at all (in the short term), while incentives for not testing are obvious: you look better.

The UK testing story could change that all, with its potential finger-prick 15 minute test, but only if that test is at least 95% accurate. I know they claim it is, but we’ll have to see. There are stories about Chinese tests that are 30% accurate, and it’s easy to see why that is useless. But I was talking to someone yesterday who said: there are now tests that are fast and 70% accurate! But isn’t that useless too. No, they can do a better test with those who test negative! Yes, but the 70% applies to the positives too… So 70% means you have to retest everyone. And we haven’t even mentioned asymptomatic cases yet…

 

 

Note: we may see the first time that 100,000 new cases come within 24 hours

Cases 542,385 (+ 55,683 from yesterday’s 486,702)

Deaths 24,368 (+ 2,347 from yesterday’s 22,021)

 

 

 

From Worldometer yesterday evening (before their day’s close) US: 17,000 cases in a day

 

 

From Worldometer -NOTE: mortality rate for closed cases is at 16% –

 

 

From SCMP:

 

 

From COVID2019Live.info:

 

 

 

 

Not in the US, everywhere.

More People Are Dying Of COVID-19 In The US Than We Know (BF)

Medical professionals around the US told BuzzFeed News that the official numbers of people who have died of COVID-19 are not consistent with the number of deaths they’re seeing on the front lines. In some cases, it’s a lag in reporting, caused by delays and possible breakdowns in logging positive tests and making them public. In other, more troubling, cases, medical experts told BuzzFeed News they think it’s because people are not being tested before or after they die. In the US, state and county authorities are responsible for collecting data on cases of COVID-19, the disease caused by the novel coronavirus, and deaths. The data is then reported to the Centers for Disease Control and Prevention.

In California, one ER doctor who works at multiple hospitals in a hard-hit county told BuzzFeed News, “those medical records aren’t being audited by anyone at the state and local level currently and some people aren’t even testing those people who are dead.” “We just don’t know. The numbers are grossly underreported. I know for a fact that we’ve had three deaths in one county where only one is listed on the website,” the doctor said. A spokesperson for the California Department of Health told BuzzFeed News in an email that “local health jurisdictions are required to report all positive COVID-19 cases to the state. In addition, when a death or impending death from COVID-19 occurs, health care facilities must immediately notify their local health jurisdiction and the state.”

[..] two of the hardest-hit areas in the nation — New York City and Los Angeles County — released guidance earlier this week encouraging doctors not to test patients unless they think the test will significantly change their course of treatment. That means that potentially more people in both places could be admitted to hospitals with severe respiratory symptoms and recover — or die — and not be registered as a coronavirus case.

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Africa. Pray.

We Could Watch Entire Populations Vanish (IC)

On March 18, Burkina Faso suffered the first confirmed Covid-19 fatality in all of sub-Saharan Africa. The victim was Rose-Marie Compaoré, the first vice president of the Sahelian nation’s parliament. Tiny, impoverished, and conflict-scarred, Burkina Faso is now West Africa’s worst-affected country, with 146 confirmed cases, including four government ministers. The U.S. ambassador to Burkina Faso, Andrew Young, has also tested positive for the disease. Burkina Faso has seen more than its share of hardships: poverty, drought, hunger, coups. But the coronavirus poses a new kind of threat to a country wracked by a war that has displaced around 700,000 Burkinabe in the last year.

Many of those people now find themselves under great physical and emotional strain, lacking proper shelter, food, and the other necessities — all of which makes them more vulnerable to the pandemic. Experts fear that Covid-19 could decimate entire settlements of Burkina Faso’s displaced, and they are bracing for devastating outbreaks in conflict zones, refugee camps, and the poorest countries in the developing world. Globally, millions of refugees and internally displaced persons, or IDPs, living in cramped, squalid conditions find themselves at risk. “When the virus hits overcrowded settlements in places like Iran, Bangladesh, Afghanistan, and Greece, the consequences will be devastating,” warned Jan Egeland, secretary general of the Norwegian Refugee Council [..] He also spoke of “carnage when the virus reaches parts of Syria, Yemen, and Venezuela where hospitals have been demolished and health systems have collapsed.”

[..] I have no reason to believe Moumoumi Sawadogo had Covid-19 when I met him eight weeks ago in Burkina Faso. After living 89 years in an arid, impoverished land on the fringe of the Sahara Desert, surviving a massacre, walking for a week and enduring hunger and homelessness, it was clear that Sawadogo was a survivor. But Covid-19 posed a different kind of danger. “These populations are already very vulnerable to diseases that are otherwise easy to treat. But that’s not the case when they have no access to water or proper sanitation or health care,” Alexandra Lamarche, senior advocate for West and Central Africa at Refugees International, told The Intercept. “We could watch entire populations vanish.”

Read more …

Modelling is only as good as its initial assumptions. Which in this case come out of hot thin air.

Coronavirus Could Kill 81,000 In US, Subside In June – Washington U. (R.)

The coronavirus pandemic could kill more than 81,000 people in the United States in the next four months and may not subside until June, according to a data analysis done by University of Washington School of Medicine. The number of hospitalized patients is expected to peak nationally by the second week of April, though the peak may come later in some states. Some people could continue to die of the virus as late as July, although deaths should be below epidemic levels of 10 per day by June at the latest, according to the analysis. The analysis, using data from governments, hospitals and other sources, predicts that the number of U.S. deaths could vary widely, ranging from as low as around 38,000 to as high as around 162,000.

The variance is due in part to disparate rates of the spread of the virus in different regions, which experts are still struggling to explain, said Dr. Christopher Murray, director of the Institute for Health Metrics and Evaluation at the University of Washington, who led the study. The duration of the virus means there may be a need for social distancing measures for longer than initially expected, although the country may eventually be able relax restrictions if it can more effectively test and quarantine the sick, Murray said. The analysis also highlights the strain that will be placed on hospitals. At the epidemic’s peak, sick patients could exceed the number of available hospital beds by 64,000 and could require the use of around 20,000 ventilators. Ventilators are already running short in hard-hit places like New York City.

The virus is spreading more slowly in California, which could mean that peak cases there will come later in April and social distancing measures will need to be extended in the state for longer, Murray said. Louisiana and Georgia are predicted to see high rates of contagion and could see a particularly high burden on their local healthcare systems, he added.

Read more …

Let the caretakers talk. They need to, and we need to hear them.

Hold The Line (M.)

As an infectious disease epidemiologist (although a lowly one), at this point I feel morally obligated to provide some information on what we are seeing from a transmission dynamic perspective and how they apply to the social distancing measures. Like any good scientist I have noticed two things that are either not articulated or not present in the “literature” of social media. I have also relied on my much smarter infectious disease epidemiologist friends for peer review of this post; any edits are from peer review. Specifically, I want to make two aspects of these measures very clear and unambiguous. First, we are in the very infancy of this epidemic’s trajectory. That means even with these measures we will see cases and deaths continue to rise globally, nationally, and in our own communities in the coming weeks.

This may lead some people to think that the social distancing measures are not working. They are. They may feel futile. They aren’t. You will feel discouraged. You should. This is normal in chaos. But this is normal epidemic trajectory. Stay calm. This enemy that we are facing is very good at what it does; we are not failing. We need everyone to hold the line as the epidemic inevitably gets worse. This is not my opinion; this is the unforgiving math of epidemics for which I and my colleagues have dedicated our lives to understanding with great nuance, and this disease is no exception. I want to help the community brace for this impact. Stay strong and with solidarity knowing with absolute certainty that what you are doing is saving lives, even as people begin getting sick and dying. You may feel like giving in. Don’t.

Second, although social distancing measures have been (at least temporarily) well-received, there is an obvious-but-overlooked phenomenon when considering groups (i.e. families) in transmission dynamics. While social distancing decreases contact with members of society, it of course increases your contacts with group (i.e. family) members. This small and obvious fact has surprisingly profound implications on disease transmission dynamics. Study after study demonstrates that even if there is only a little bit of connection between groups (i.e. social dinners, playdates/playgrounds, etc.), the epidemic isn’t much different than if there was no measure in place. The same underlying fundamentals of disease transmission apply, and the result is that the community is left with all of the social and economic disruption but very little public health benefit. You should perceive your entire family to function as a single individual unit; if one person puts themselves at risk, everyone in the unit is at risk.

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This is about wildlife, not economic pessimists. Just in case you were confused.

China Promotes Bear Bile As Coronavirus Treatment (NatGeo)

Less than a month after taking steps to permanently ban the trade and consumption of live wild animals for food, the Chinese government has recommended using Tan Re Qing, an injection containing bear bile, to treat severe and critical COVID-19 cases. It is one of a number of recommended coronavirus treatments—both traditional and Western—on a list published March 4 by China’s National Health Commission, the government body responsible for national health policy. This recommendation highlights what wildlife advocates say is a contradictory approach to wildlife: shutting down the live trade in animals for food on the one hand and promoting the trade in animal parts on the other. Secreted by the liver and stored in the gallbladder, bile from various species of bears, including Asiatic black bears and brown bears, has been used in traditional Chinese medicine since at least the eighth century.

It contains high levels of ursodeoxycholic acid, also known as ursodiol, which is clinically proven to help dissolve gallstones and treat liver disease. Ursodeoxycholic acid has been available as a synthetic drug worldwide for decades. [..] Traditional Chinese medicine practitioners typically use Tan Re Qing to treat bronchitis and upper respiratory infections. Clifford Steer, a professor at the University of Minnesota in Minneapolis, has studied the medical benefits of ursodeoxycholic acid. He knows of no evidence that bear bile is an effective treatment for the novel coronavirus. But, he says, ursodeoxycholic acid is distinct from other bile acids in its ability to keep cells alive and may alleviate symptoms of COVID-19 because of its anti-inflammatory properties and ability to calm the immune response.

Although use of bear bile from captive animals is legal in China, bile from wild bears is banned, as is the import of bear bile from other countries. According to Aron White, wildlife campaigner for the Environmental Investigation Agency (EIA)—a nonprofit based in London, England, that exposes wildlife crimes—his organization learned first about the Chinese government’s recommendations to treat COVID-19 via social media posts from illegal traders. “We were witnessing how this government recommendation was being coopted by the traffickers to advertise their illegal products as a treatment,” White says. Illegal bile from wild bears is produced in China, he says, and is also imported from wild and captive bears in Laos, Vietnam, and North Korea.

Read more …

If numbers get big enough, they lose meaning.

Fed Balance Sheet Tops $5 Trillion For First Time (R.)

The U.S. Federal Reserve’s balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks, mutual funds and other central banks in its unprecedented effort to backstop the economy in the face of the global coronavirus pandemic. The Fed’s total balance sheet size exploded by more than half a trillion dollars in a single week, roughly twice the pace of the next-largest weekly expansion in the financial crisis in October 2008. As of Wednesday, the Fed’s stash of assets totaled $5.3 trillion, according to data released on Thursday.

The Fed bought $355 billion of Treasuries and mortgage-backed bonds in the last week in what is now an open-ended commitment to stabilize financial markets rocked by the outbreak and the halt in economic activity that has come in its wake. It also offered more than $200 billion in credit through so-called foreign currency swap lines to other central banks to allow them to pump much-needed greenbacks into their jurisdictions to help foreign borrowers stay current with their dollar-denominated liabilities.

The weekly snapshot of the Fed’s balance sheet, released each Thursday, also showed sizable demand for a pair of brand new liquidity facilities aimed at stabilizing money markets and supporting primary dealers, the banks that transact directly with the central bank. The new Primary Dealer Credit Facility had been tapped for $27.7 billion in loans as of Wednesday, while the Money Market Mutual Fund Liquidity Facility had borrowings of $30.6 billion.

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Which bunch of fools decided to have that vote?

Broward Poll Workers Test Positive For COVID-19 (L10)

Two poll workers have been positively diagnosed with coronavirus, according to a statement from The Broward County Supervisor of Elections. One of the workers was only at Precinct V011 on Tuesday, March 17, Election Day, which is located at the Martin Luther King Community Center in Hollywood. The other worked at V020 at the David Park Community Center (also in Hollywood) as well as a Weston early voting location. The supervisor said that county staff as well as other poll workers at the locations have been notified of the situation. However, voters who were at the polls in person on March 17 at either of those locations or who voted early at the Weston early voting location may “wish to take appropriate steps and seek medical advice.”

Read more …

Because of western testing that may seem like a high number, but it’s not.

Moscow Laboratories Will Conduct 13,000 Tests For Coronavirus Every Day (Tass)

The laboratories in Moscow will carry out up to 13,000 tests for the novel coronavirus per day, Deputy Mayor Anastasiya Rakova said on Thursday. “Last week, only federal laboratories were authorized to conduct tests. We have fully joined this effort, launching nine laboratories. Today we are conducting nearly 4,000 tests for the coronavirus in Moscow laboratories. In the coming week w will boost the capacity to 13,000 [tests] per day,” Rakova told a TV program hosted by Vladimir Solovyov on Rossiya-1 channel. According to Rakova, the authorities were preparing for all scenarios of how the events would unfold. “Increasing the number of people who are to be tested for the coronavirus is a necessary condition and a crucial step for stopping the spread of the virus,” she stressed.


In late December 2019, Chinese authorities notified the World Health Organization (WHO) about the outbreak of a previously unknown pneumonia in the city of Wuhan, central China. Since then, cases of the novel coronavirus – named COVID-19 by the WHO – have been reported in more than 150 countries. [..]Russia has recorded 840 coronavirus cases, with more than half of them in Moscow. Some 38 people have recovered and have been discharged from hospitals, and two people have died.

Read more …

When the desire for optimist political messaging becomes fully irresponsible.

New Zealand Coronavirus Deaths During Lockdown Could Be Just 20 – Modelling (G.)

Jacinda Ardern has implored New Zealanders to “stay local” during a four-week countrywide lockdown as modelling showed that strict measures adopted by the country could limit deaths to 0.0004% of the population – or about 20 people. Research released by Te Punaha Matatini suggested that, left unchecked, the virus could eventually infect 89% of New Zealand’s population and kill up to 80,000 people in a worst-case scenario. According to the research, intensive care beds would reach capacity within two months and the number of patients needing intensive care would exceed 10 times capacity by the time the virus peaked.


However, with the strictest suppression measures, which the country has adopted, the fatalities would drop to just 0.0004%. Hospital capacity would not be exceeded for over a year. These measures included physical distancing, case isolation, household quarantine, and closing schools and universities and would require the restrictions to remain in place until a vaccine or other treatment was developed. However, researchers noted such strategies can “delay but not prevent the epidemic”. “When controls are lifted after 400 days, an outbreak occurs with a similar peak size as for an uncontrolled epidemic,” the researchers wrote. The government has currently mandated a four-week lockdown.

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Zero recognition of living in a bubble.

Coronavirus Job Losses Will Raise Mortgage Stress More Than GFC Did (ABC.au)

As job losses continue to rise because of shutdowns in place to fight the coronavirus crisis, the number of Australians struggling to repay their mortgages is expected to lift to higher levels than seen during the global financial crisis. Credit rating agency S&P Global has warned the number of Australians falling behind on their mortgage repayments is likely to soar. “We currently expect increases in arrears to be higher than during the 2008 global financial crisis, given the wide-ranging effects on the economy stemming from the sudden disruption to economic activity,” S&P analyst Erin Kitson said. Australia avoided mass defaults during the GFC, with mortgage arrears rising to 1.69 per cent after the 2008 crisis, from a pre-crisis average of about 1.40 per cent.

The latest S&P data said mortgage arrears were 1.36 per cent in January, up from 1.28 per cent last December. Ms Kitson could not put a number on the exact number of Australian households that would be impacted by arrears but noted that many of those facing difficulty would be the self-employed. But the Federal Government’s stimulus packages and hardship relief measures from banks would limit some of the damage, Ms Kitson added. To fight the economic threat, the Government will announce a third stimulus package, expected within days. Many banks have also recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for up to six months.

The Reserve Bank cuts interest rates to a record low and announces a quantitative easing program for the first time in its history to help prevent a coronavirus-driven recession. And regulator, the Australian Prudential Regulation Authority (APRA), has said if a borrower who has been meeting their repayment obligations until recently chooses to take up the repayment holiday, then the bank need not classify that period as “arrears”. Other emergency measures aimed at banks include an emergency interest rate cut and $90 billion in cheap 0.25-per-cent funding for three years for small business loans.

Read more …

One day the Pentagon stops all troop movements, the next day the US declares Maduro a terrorist, and the allies, want nno part of this.

Seeing your soldiers die of corona would be much too close to WWI mass Spanish flu deaths in the trenches.

France, Czechs, & Other US Allies Exit Iraq Over COVID-19 Fears (ZH)

The United States has shown itself willing to both keep up its ‘maximum pressure’ campaign on Iran and its proxies while riding roughshod over Iraqi sovereignty by remaining in the country even as Baghdad leaders and the broader population demand a final exit. But in another sign Europe is ready to divorce itself from US aims in the region, France has abruptly withdrawn its forces from the country after being there for five years. Interestingly the prime reason given was troop safety concerns over the coronavirus outbreak, but we imagine European leaders likely now see an opportunity to make a swift and easy exit without provoking the ire of their US counterparts. International correspondents say this includes French withdrawal from six bases, with a small contingent of about 100 troops remaining in the country.


The Czech Ministry of Defense also announced the exit of its forces Wednesday, which followed a large contingent of British forces leaving last week, also on fears of coronavirus exposure during the mission. “British, French, Australian and Czech troops who were coaching Iraqi counterparts were being temporarily sent home as Baghdad had put a hold on training operations to prevent the spread of COVID-19,” reports the AFP this week. All had been there to support coalition anti-ISIL operations led by Washington. But as the US mission to defeat the Islamic State has lately become less relevant given the demise of the terror group, Washington’s focus became Iranian influence inside Iraq – far beyond the original mission scope. The US itself had been reportedly drawing down from certain bases, but is not expected to ultimately depart given the current high state of tensions with Iran-backed militias in the country.

Read more …

The stimulus bill has opened access to assictance for the entire gig economy.

Spike in Unemployment Claims is Even More Horrid Than it Appears (WS)

This morning, the US Dept. of Labor announced that 3.283 million people had filed initial unemployment claims in the week ended March 21. We were warned yesterday that today’s initial claims would be horrid. In his press conference yesterday concerning the coronavirus, California Governor Gavin Newsom said that California by itself had “just passed the 1 million mark” in unemployment claims since March 13 — and this might include claims to be reflected in the next reporting week. And it’s going to get worse. The five largest counties of the San Francisco Bay Area were the first major region in the US to go into lockdown on March 17. The State of California followed on March 20, toward the end of the unemployment-claims reporting week (through March 21), and many other states followed within days – and many of those claims were filed after this reporting week had ended. This is the mind-blowing effect what started to happen in the week ended March 21:

The report by the Department of Labor this morning listed some sectors that were particularly hard hit by “COVID-19 virus impacts”: • Services industries broadly, particularly accommodation and food services; • health care and social assistance services; • arts, entertainment and recreation; • transportation and warehousing; • manufacturing industries. However, this horrid spike in claims only shows a partial picture. Since the end of that reporting week, lockdowns have spread to many other states, and companies in those states are now struggling with how to cope. Many companies had already laid off people before the lockdowns – and this is reflected in today’s unemployment claims. But much of the fallout from those lockdowns and their secondary effects will be reflected in future reports.


The gig economy, as the US economy has been called due to the growth of business models that shift labor from employees to contract workers, is unprepared for this. Under current rules, gig workers cannot file for unemployment claims – though the stimulus package will change this. And for now, they have not filed for unemployment claims. But their hours of many have been cut, and others lost their gigs entirely. This includes musicians whose gigs were eliminated when bars, restaurants, and clubs shut down. It includers actors and singers and artists. It includes Uber and Lyft drivers whose business has dwindled. It includes self-employed vacation-rental entrepreneurs with some units on Airbnb that no one is booking because the travel industry has shut down. It includes tech workers whose projects have been put on hold. It includes instructors and coaches of all kinds – such as figure skating coaches, language coaches, and corporate coaches. And so on. Many millions of people.

Read more …

The battle between getting closer together and staying further apart. Stuck between social distancing and political distancing.

What Should The EU Do Now: 3-Point Plan For Averting A Depression (Varoufakis)

With Lives, Livelihoods and the Union on the brink, the COVID-19 pandemic is the greatest test of the European project in the history of the Union — and we are failing. Solidarity was meant to be a foundational principle of the EU. But solidarity is missing at the moment it is most needed. COVID-19 has revealed a fundamental truth: Europe is only as healthy as its sickest resident, only as prosperous as its most bankrupted. But the EU’s leadership is paralysed by its beggar-thy-neighbour – and now sicken-thy-neighbour – mindset. The price of this failure will not merely be lives lost and livelihoods destroyed. It will be the disintegration of the Union itself. In line with its Green New Deal for Europe, DiEM25 offers a 3-point plan to protect all European residents, avert an economic depression, and prevent the collapse the Union.

Our plan is premised on four basic facts.
1) Public debt will, and must, rise: The precipitous fall in private sector incomes must be replaced by government expenditure. If not, bankruptcies will destroy much of Europe’s productive capacity and, thus, deplete the tax base even further.

2) The wholesale rise in public debt must not divide us: The last euro crisis wrecked some member-states’ fiscal position while improving the fiscal position of others. The results are wildly different fiscal absorption capacities across the eurozone. If the rise in public debt is not a shared burden, the new euro crisis will destroy the last chance to hold the European Union together once the virus itself has been defeated.

3) A Eurobond is essential, but the devil is in its details: Nine eurozone governments have rightly demanded the issue of a Eurobond so that the burden of rising public debt is shared. But the most important questions remain: Which institution should issue it? And who will back it? DiEM25 believes there is only one answer: an ECB-Eurobond backed solely by the ECB.

4) A Eurobond is essential, but it is not enough: Two more interventions are needed. During the pandemic, Europe must inject directly cash into every citizen’s bank account immediately so as to prevent as many bankruptcies and lost livelihoods as possible. Once the pandemic recedes, Europe must embark upon a sizeable, effective and common green investment program so as to improve Europe’s overall capacity to bounce back.

Read more …

I haven’t had time to listen to the whole thing. But I miss Dylan Ratigan.

Dylan Ratigan: “An Abomination Beyond Comprehension” – “Bernie Folded” (Dore)

Jimmy Dore talks to Dylan Ratigan

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In the midst of the corona crisis,, Bob Dylan dropped a 17-minute song, on the murder of JFK. It’s his first original song in 8 years, and also of course since getting the Nobel Prize.. And why not. For help with lyrics go here

The day that they killed him, someone said to me, ‘Son
The age of the Antichrist has only begun.’
Air Force One coming in through the gate
Johnson sworn in at 2:38
Let me know when you decide to thrown in the towel
It is what it is, and it’s murder most foul


What’s new, pussycat? What’d I say?
I said the soul of a nation been torn away
And it’s beginning to go into a slow decay
And that it’s 36 hours past Judgment Day

Muder Most Foul (Bob Dylan)

Read more …

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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.

 

Much as I don’t want to, I must ask for your support. Readership is up a lot, but ad revenue only keeps dropping. I’ve said it before, it must be possible to run a joint like the Automatic Earth on people’s kind donations. These are no longer the times when ads pay for all you read, your donations have become an integral part of it. It has become a two-way street; and isn’t that liberating, when you think about it?

You heard it here first, like so many other things. And no, though it would be far more lucrative financially, the Automatic Earth will not adopt any paywalls, not here and not on Patreon. But you can still support us there, as well as right here. It’s easy. Thanks everyone for your donations overnight.

 

 

 

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Mar 192020
 


DPC Cab stand at Madison Square, NY c1900

 

‘A Generation Has Died’ (G.)
Scientists Say Mass Tests In Italian Town Have Halted COVID-19 (G.)
Japanese Flu Drug ‘Clearly Effective’ Against Coronavirus, But.. (G.)
UK Failures Over COVID-19 Will Increase Death Toll, Says Leading Doctor (G.)
Asian Nations Face Second Wave Of Imported Cases (BBC)
Dollar Resumes Ascent As Investors Panic, Scramble For Cash (R.)
Cash Is King As Emergency Stimulus Fails To Stop Market Panic (R.)
Misunderestimate: Banks Are Going To Drown In An Ocean Of Defaults (Black)
Airline Industry Turmoil Deepens As Coronavirus Pain Spreads (R.)
The COVID-19 Crisis Is A Chance To Do Capitalism Differently (Mazzucato)
Russia Coronavirus Disinformation Designed To Sow Panic In West – EU (R.)
‘Putin’s Chef’ Threatens To Sue US Over Charges Of 2016 Election Meddling (G.)
Ghislaine Maxwell Sues Jeffrey Epstein’s Estate Over Legal Fees (BBC)

 

 

 

Cases 221,934 (+ 19,664 from yesterday’s 202,270)

Deaths 8,999 (+ 987 from yesterday’s 8,012)

 

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

 

 

From Worldometer -NOTE: mortality rate briefly touched 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)

 

 

I wanted to show you how widespread the virus has become. Worldometer keeps a constantly updated record of new cases and deaths every day. Here is the harvest of just the past 10 hours; I left out the sources, go to their site for those.

• 1 new case in Sweden
• 5 new cases in Sri Lanka
309 new cases and 7 new deaths in Belgium
• 12 new cases in Bahrain
• 35 new cases in Norway
756 new cases and 3 new deaths in Germany
• 10 new cases in Tunisia
• 245 new cases and 2 new deaths in Spain
• 10 new cases in Peru
• 22 new cases in Pakistan
• 12 new cases in Armenia
• 104 new cases and 2 new deaths in Switzerland
• 2 new cases in Lithuania:
• 28 new cases in Finland
• 3 new cases in Tanzania
• 3 new cases in the State of Palestine
• 4 new cases in Bangladesh
• 4 new cases in Guam
• 5 new cases in Brunei Darussalam
• 1 new death in Greece
• 13 new cases and 1 new death in Croatia
• 4 new cases in Morocco
• 6 new cases in Bosnia and Herzegovina
• 15 new cases in the Philippines
• 7 new cases and 1 new death in Algeria
75 new cases and 2 new deaths in Denmark
• 2 new cases in Ghana
113 new cases in Australia (NSW), including a 6-year-old child
• 6 new cases in Slovakia
• 7 new cases in the DR Congo
• 6 new cases in Lebanon
96 new cases in Israel
• 132 new cases and 2 new deaths in Luxembourg

• 15 new cases in Latvia
• 50 new cases in Czechia
1st death in Russia
• 110 new cases in Malaysia

• 14 new cases in Faeroe Islands
• 6 new cases in Kuwait
• 1 new case in Cuba: a Canadian citizen
60 new cases in Thailand
• 82 new cases and 6 new deaths in Indonesia

• 18 new cases in Poland
• 8 new cases in Kazakhstan
1st death in Mexico
• 197 new cases and 1 new death in Austria

• 3 new cases in Bangladesh
• 8 new cases in Serbia
• 2 new cases in Sri Lanka
• 5 new cases in India
• 15 new cases in Hungary
• 2 new cases in Georgia
• 8 new cases in Taiwan
• 2 new cases and 1 new death in Bulgaria
• 5 new cases in Uzbekistan
• 5 new cases in Armenia
205 new cases and 5 new deaths in the United States
• 9 new cases and 3 new deaths in Japan
• 3 new cases in Honduras
• 2 new cases in Trinidad and Tobago
• 1 new case in French Polynesia
• 1 new death in Argentina
1st case in Nicaragua
• 1st case in El Salvador
• 1st case in Fiji

• 1 new death in Curaçao.
• 9 new cases in Colombia
152 new cases and 7 new deaths in South Korea
• 8 new cases in New Zealand
• 34 new cases, 8 new deaths (all in Hubei) in China

 

 

Time to wonder about mental health as well.

‘A Generation Has Died’ (G.)

Coffins awaiting burial are lining up in churches and the corpses of those who died at home are being kept in sealed-off rooms for days as funeral services struggle to cope in Bergamo, the Italian province hardest hit by the coronavirus pandemic. As of Wednesday, Covid-19 had killed 2,978 across Italy, all buried or cremated without ceremony. Those who die in hospital do so alone, with their belongings left in bags beside coffins before being collected by funeral workers. In Bergamo, a province of 1.2 million people in the Lombardy region, where 1,640 of the total deaths in the country have taken place, 3,993 people had contracted the virus by Tuesday. The death toll across the province is unclear, but CFB, the area’s largest funeral director, has carried out almost 600 burials or cremations since 1 March.

“In a normal month we would do about 120,” said Antonio Ricciardi, the president of CFB. “A generation has died in just over two weeks. We’ve never seen anything like this and it just makes you cry.” There are about 80 funeral companies across Bergamo, each receiving dozens of calls an hour. A shortage of coffins as providers struggle to keep up with demand and funeral workers becoming infected with the virus are also hampering preparations. Hospitals have adopted more stringent rules regarding the handling of the dead, who need to be placed in a coffin straight away without being clothed due to the risk of infection posed by their bodies. “Families can’t see their loved ones or give them a proper funeral, this is a big problem on a psychological level,” said Ricciardi. “But also because many of our staff are ill, we don’t have as many people to transport and prepare the bodies.”

For those who die at home, the bureaucratic process is lengthier as deaths need to be certified by two doctors. The second is a specialist who would ordinarily have to certify the death no later than 30 hours after a person has passed away. “So you have to wait for both doctors to come and at this time, many of them are also ill,” added Ricciardi. Stella, a teacher in Bergamo, shared the story of one of the deceased with the Guardian. “Yesterday, an 88-year-old man died,” she said. “He’d had a fever for a few days. There was no way to call an ambulance because the line was always busy. He died alone in his room. The ambulance arrived an hour later. Obviously, nothing could be done. And since no coffins were available in Bergamo, they left him on the bed and sealed his room to keep his relatives from entering until a coffin could be found.”

Adding to the torment is the fact that relatives cannot visit their loved ones in hospital, or give them proper funerals. “Usually you would be able to dress them and they would stay one night in the family home. None of this is happening,” said Alessandro, whose 74-year-old uncle died in Codogno, the Lombardy town where the outbreak began. “You can’t even see them to say goodbye, this is the most devastating part.” The harrowing impact of the virus on Bergamo can be gleaned from the obituary section of the local newspaper L’Eco di Bergamo. On Friday, reader Giovanni Locatelli shared online footage comparing the newspaper’s obituary section on 9 February, when listings took up just one page, to a copy dated 13 March, when 10 pages were needed to commemorate the dead.

Read more …

Test? Where do I get one?

Scientists Say Mass Tests In Italian Town Have Halted COVID-19 (G.)

The small town of Vò, in northern Italy, where the first coronavirus death occurred in the country, has become a case study that demonstrates how scientists might neutralise the spread of Covid-19. A scientific study, rolled out by the University of Padua, with the help of the Veneto Region and the Red Cross, consisted of testing all 3,300 inhabitants of the town, including asymptomatic people. The goal was to study the natural history of the virus, the transmission dynamics and the categories at risk. The researchers explained they had tested the inhabitants twice and that the study led to the discovery of the decisive role in the spread of the coronavirus epidemic of asymptomatic people.

When the study began, on 6 March, there were at least 90 infected in Vò. For days now, there have been no new cases. “We were able to contain the outbreak here, because we identified and eliminated the ‘submerged’ infections and isolated them,” Andrea Crisanti, an infections expert at Imperial College London, who took part in the Vò project, told the Financial Times. “That is what makes the difference.” The research allowed for the identification of at least six asymptomatic people who tested positive for Covid-19. ‘‘If these people had not been discovered,” said the researchers, they would probably have unknowingly infected other inhabitants.

“The percentage of infected people, even if asymptomatic, in the population is very high,” wrote Sergio Romagnani, professor of clinical immunology at the University of Florence, in a letter to the authorities. “The isolation of asymptomatics is essential to be able to control the spread of the virus and the severity of the disease.” [..] the problems of mass tests are not only of an economic nature (each swab costs about 15 euros) but also at a organisational level. [..] Massimo Galli, professor of infectious diseases at the University of Milan and director of infectious diseases at the Luigi Sacco hospital in Milan, warned carrying out mass tests on the asymptomatic population could however prove to be useless. “The contagions are unfortunately constantly evolving,” Galli told the Guardian. “A man who tests negative today could contract the disease tomorrow.”

Read more …

Every day brings new stories of miracles. And then you read them.

Japanese Flu Drug ‘Clearly Effective’ Against Coronavirus, But.. (G.)

Medical authorities in China have said a drug used in Japan to treat new strains of influenza appeared to be effective in coronavirus patients, Japanese media said on Wednesday. Zhang Xinmin, an official at China’s science and technology ministry, said favipiravir, developed by a subsidiary of Fujifilm, had produced encouraging outcomes in clinical trials in Wuhan and Shenzhen involving 340 patients. “It has a high degree of safety and is clearly effective in treatment,” Zhang told reporters on Tuesday. Patients who were given the medicine in Shenzhen turned negative for the virus after a median of four days after becoming positive, compared with a median of 11 days for those who were not treated with the drug, public broadcaster NHK said.


In addition, X-rays confirmed improvements in lung condition in about 91% of the patients who were treated with favipiravir, compared to 62% or those without the drug. Fujifilm Toyama Chemical, which developed the drug – also known as Avigan – in 2014, has declined to comment on the claims. Shares in the firm surged on Wednesday following Zhang’s comments, closing the morning up 14.7% at 5,207 yen, having briefly hit their daily limit high of 5,238 yen. Doctors in Japan are using the same drug in clinical studies on coronavirus patients with mild to moderate symptoms, hoping it will prevent the virus from multiplying in patients. But a Japanese health ministry source suggested the drug was not as effective in people with more severe symptoms. “We’ve given Avigan to 70 to 80 people, but it doesn’t seem to work that well when the virus has already multiplied,” the source told the Mainichi Shimbun.

Read more …

Not the first time we mention Richard Horton, editor-in-chief of the Lancet.

UK Failures Over COVID-19 Will Increase Death Toll, Says Leading Doctor (G.)

A “collective failure” to appreciate the enormity of the coronavirus pandemic and enact swift measures to protect the public will lead to unnecessary deaths, according to a leading doctor, who said the UK ignored clear warning signs from China. Richard Horton, editor-in-chief of the Lancet, rounded on politicians and their expert advisers for failing to act when Chinese researchers first warned about a devastating new virus that was killing people in Hubei eight weeks ago. The team from Wuhan and Beijing reported in January that “the number of deaths was rising quickly” as the virus spread in China. They urged the global community to launch “careful surveillance” in view of the pathogen’s “pandemic potential”.


But writing in the Guardian, Horton said the warning was met with complacency in Britain, where for unknown reasons, medical and scientific advisers watched and waited. At the time, scientists advising ministers appeared to believe it could be treated like influenza, and that a “controlled epidemic” would generate “herd immunity” that would help protect the most vulnerable against the infection. The scenario called for upwards of 60% of the population to contract the virus. The government’s strategy changed dramatically on Monday when the prime minister announced that new modelling from Imperial College London demonstrated that more draconian measures were needed to slash the estimated death toll from 260,000 to about 20,000. Without those measures, which have transformed society, the NHS would be overwhelmed, leading to a situation that has driven a brutal death toll in Italy.

Read more …

Excuse me, but why do they let it happen? Once you’ve been through Wave 1, shouldn’t you know better than to let people travel abroad and come back?

Asian Nations Face Second Wave Of Imported Cases (BBC)

South Korea, China and Singapore are among the Asian countries facing a second coronavirus wave, spurred by people importing it from outside. China, where the virus first emerged, reported no new domestic cases on Thursday for the first time since it started recording numbers in January. But it reported 34 new cases among people recently returned to China. South Korea saw a jump in new cases on Thursday with 152, though it is not clear how many were imported. A new cluster there is centred on a nursing home in Daegu, where 74 patients have tested positive. On Wednesday, Singapore reported 47 new infections – of which 33 were imported, including 30 residents who had been infected abroad and brought the infection back.


In China, there were eight more deaths, all in the central province of Hubei and most of them in Wuhan. All three countries had been showing success in controlling domestic cases, but there is concern that increases elsewhere could unravel their progress. Much of the focus has now shifted to Europe and the US, but the new numbers signal that the outbreak is far from over in Asia. Malaysia’s senior health office on Wednesday begged people to “stay at home and protect yourself and your family. Please”. The country has tallied 710 people with the virus, many of them linked to one religious event in the capital, Kuala Lumpur, in February. “We have a slim chance to break the chain of COVID-19 infections,” Noor Hisham Abdullah, director general of Health Malaysia, said on Facebook. “Failure is not an option here. If not, we may face a third wave of this virus, which would be greater than a tsunami, if we maintain a ‘so what’ attitude.”

Read more …

Far as I can see, the dollar sold of a lot recently. But now people need dollars to pay off their losses.

Dollar Resumes Ascent As Investors Panic, Scramble For Cash (R.)

The dollar resumed its relentless climb against major currencies on Thursday as wild financial market volatility and worries over tightening liquidity triggered by the coronavirus pandemic sparked an investor flight into cash. Sterling teetered near the lowest since at least 1985 against the greenback. The Australian dollar skidded to a 17-year low, while the New Zealand dollar crashed to an 11-year low as investors dumped riskier assets. The euro briefly rose against the dollar and the pound after the European Central Bank announced a €750 billion asset-purchase programme in response to the coronavirus outbreak, but even this effort was overwhelmed by a stampede into the dollar.


Investors are selling what they can to keep their money in dollars due to the unprecedented amount of uncertainty caused by the virus epidemic, which threatens to paralyse large swaths of the global economy. “This is similar to what happened during the global financial crisis in that investors are even selling what are normally considered safe-haven assets,” said Junichi Ishikawa, senior foreign exchange strategist at IG Securities in Tokyo. “The logic is the biggest hedge against risk is holding your money in cash, so the dollar is being bought. Investor uncertainty is about as high as it can get.” [..] In some cases investors are unloading Treasuries and gold in order to keep their money in dollars. This has confounded many analysts because investors normally buy government debt and precious metals during times of uncertainty.

Read more …

Same as above. “We’re in this phase where investors are just looking to liquidate their positions..” We’re in the phase where they have to pay their gambling debts. “Investor” just sounds better than “gamblig addict”.

Cash Is King As Emergency Stimulus Fails To Stop Market Panic (R.)

The dollar surged and everything else was blown away on Thursday as emergency central bank measures in Europe, the United States and Australia failed to halt a fresh wave of panic selling. “There’s no buyers, there’s not much liquidity and everyone is just getting out,” said Chris Weston, head of research at Melbourne brokerage Pepperstone. Stocks, bonds, gold and commodities fell as the world struggles to contain coronavirus and investors and businesses scramble for hard cash. U.S. stock futures were a hair’s breadth from hitting session down limits. The growth-sensitive Australian dollar was crushed 4% to a more than 17-year low. Nearly every stock market in Asia was down and circuit breakers were hit in Seoul, Jakarta and Manila.

Traders reported huge strains in bond markets as distressed funds sold any liquid asset to cover losses in stocks and redemptions from investors. Benchmark 10-year sovereign bond yields in Australia, New Zealand, Malaysia, Korea and Singapore and Thailand surged as prices tumbled. Gold fell 1% and copper hit its downlimit in Shanghai. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 5% to a four-year low, with Korea and Hong Kong leading losses. The Nikkei fell nearly 1%, the ASX 200 nearly 3%, while the Kospi lost 8% and the Hang Seng 5%. “We’re in this phase where investors are just looking to liquidate their positions,” said Prashant Newnaha, senior interest rate strategist at TD Securities in Singapore.

[..] J.P. Morgan economists forecast the U.S. economy to shrink 14% in the next quarter, and the Chinese economy to drop more than 40% in the current one, one of the most dire calls yet as to the scale of the fallout. “There is no longer doubt that the longest global expansion on record will end this quarter,” they said in a note. “The key outlook issue now is gauging the depth and the duration of the 2020 recession.”

Read more …

We could all write this by now.

Misunderestimate: Banks Are Going To Drown In An Ocean Of Defaults (Black)

On November 6, 2000, then US presidential candidate George W. Bush told a crowd of cheering supporters, “they misunderestimated me.” [..] ‘Misunderestimate’ seems to be a conflation of the words ‘misunderstand’ and ‘underestimate’. And while that was utterly hysterical 20 years ago when Bush first said it, ‘misunderestimate’ may be the most appropriate word of today. The entire world has completely ‘misunderestimated’ the Corona Virus. Banks are about to drown in an ocean of defaults. I’ll talk about this a lot more in the coming days, but briefly:

• There’s $250 TRILLION in global debt right now– mortgages, credit card debt, business loans, government debt, etc.
• And banks own a large portion of that debt.
• This virus crisis is going to trigger a wave of defaults from consumers, businesses, and even governments.
• Think about it: tourism alone makes up 10% of global GDP. Revenue in that entire sector– hotels, airlines, cruise ships, etc. has collapsed, and many of those companies aren’t going to survive.
• The crash in oil prices is going to wipe out countless oil companies.
• Many large retail chains, which were already struggling in the age of e-commerce, will likely declare bankruptcy.
• Countless businesses around the world have ‘temporarily’ closed due to public health policies, and many of them will go out of business entirely.
• MOST of these businesses owe lots of money to the banks, whether it’s a small business working line, or the $34 billion in debt that American Airlines owes. So the defaults are going to be massive.
• On top of that, millions of people are going to lose their jobs and be unable to make payments on their credit card debt, auto loans, and even mortgages.
• Again, there’s $250 trillion in global debt right now. Total bank capital worldwide is less than $10 trillion.
• So if the coming defaults trigger a mere 4% loss in total debt, it will exceed the entirety of global bank capital.
• And this doesn’t even take into consideration the impact of the $1 QUADRILLION derivatives exposure.

Misunderestimate? Absolutely.

Read more …

Why save something so bloated?

Airline Industry Turmoil Deepens As Coronavirus Pain Spreads (R.)

Airline industry turmoil deepened on Thursday as Qantas told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said. The U.N.’s International Civil Aviation Organization called on governments to ensure cargo operations were not disrupted to maintain the availability of critical medicine and equipment such as ventilators, masks, and other health and hygiene items that will help reduce the spread of the coronavirus pandemic. Passenger operations have collapsed at an unprecedented rate as the virus spreads around the world, with Delta Air parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying by more than 70% until demand begins to recover.

Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis. The Trump administration’s lending proposal would require airlines to maintain a certain amount of service and limit increases in executive compensation until the loans are repaid. American Airlines in a memo to staff rebuffed criticism that it had rewarded its shareholders with too many dividends and stock buybacks in better times, leaving it with less cash to manage the crisis. “Unfortunately, this is no ordinary rainy day,” said Nate Gatten, American’s senior vice president global government affairs. “These are extraordinary circumstances, and additional support is necessary to protect jobs and ensure that the flying public can continue to rely on our industry after the crisis ends.”

[..] Air Canada said it was gradually suspending the majority of its international and U.S. transborder flights by March 31. India is poised to join a growing list of countries offering aid to its aviation industry. The Finance Ministry is considering a proposal worth up to $1.6 billion that includes temporary suspension of most taxes levied on the sector, according to two government sources who have direct knowledge of the matter. New Zealand on Thursday outlined the first tranche of a NZ$600 million ($344 million) aviation relief package, including financial support for airlines to pay government passenger charges and cover air traffic control fees.

Read more …

Mariana Mazzucato is professor of economics at University College London.

I understand the temptation to theorize and wax enthusiastically about underlying systems, but isn’t it more useful to talk about how we can have 1 million tests per day by tomorrow morning?

The COVID-19 Crisis Is A Chance To Do Capitalism Differently (Mazzucato)

Since the 1980s, governments have been told to take a back seat and let business steer and create wealth, intervening only for the purpose of fixing problems when they arise. The result is that governments are not always properly prepared and equipped to deal with crises such as Covid-19 or the climate emergency. By assuming that governments have to wait until the occurrence of a huge systemic shock before they resolve to take action, insufficient preparations are made along the way. In the process, critical institutions providing public services and public goods more widely – such as the NHS in the UK, where there have been cuts to public health totalling £1bn since 2015 – are left weakened.

The prominent role of business in public life has also led to a loss of confidence in what the government can achieve alone – leading in turn to the many problematic public-private partnerships, which prioritise the interests of business over the public good. For example, it has been well documented that public-private partnerships in research and development often favour “blockbusters” at the expense of less commercially appealing medicines that are hugely important to public health, including antibiotics and vaccines for a number of diseases with outbreak potential. On top of this, there is a lack of a safety net and protection for working people in societies with rising inequality, especially for those working in the gig economy with no social protection.

But we now have an opportunity to use this crisis as a way to understand how to do capitalism differently. This requires a rethink of what governments are for: rather than simply fixing market failures when they arise, they should move towards actively shaping and creating markets that deliver sustainable and inclusive growth. They should also ensure that partnerships with business involving government funds are driven by public interest, not profit. First of all, governments must invest in, and in some cases create, institutions that help to prevent crises, and make us more capable to handle them when they arise. The UK government’s emergency budget of £12bn for the NHS is a welcome move. But equally important is a focus on long-term investment to strengthen health systems, reversing the trends of recent years.

Second, governments need to better coordinate research and development activities, steering them towards public health goals. Discovery of vaccines will necessitate international coordination on a herculean scale, exemplified by the extraordinary work of the Coalition for Epidemic Preparedness Innovations (CEPI).

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Unbelievable. More harmful than the virus. Or rather a virus in itself, one that kills slowly.

Russia Coronavirus Disinformation Designed To Sow Panic In West – EU (R.)

Russian media have deployed a “significant disinformation campaign” against the West to worsen the impact of the coronavirus, generate panic and sow distrust, according to a European Union document seen by Reuters. The Kremlin denied the allegations on Wednesday, saying they were unfounded and lacked common sense. The EU document said the Russian campaign, pushing fake news online in English, Spanish, Italian, German and French, uses contradictory, confusing and malicious reports to make it harder for the EU to communicate its response to the pandemic. “A significant disinformation campaign by Russian state media and pro-Kremlin outlets regarding COVID-19 is ongoing,” said the nine-page internal document, dated March 16…

“The overarching aim of Kremlin disinformation is to aggravate the public health crisis in Western countries…in line with the Kremlin’s broader strategy of attempting to subvert European societies,” the document produced by the EU’s foreign policy arm, the European External Action Service, said. An EU database has recorded almost 80 cases of disinformation about coronavirus since Jan. 22, it said, noting Russian efforts to amplify Iranian accusations online, cited without evidence, that coronavirus was a U.S. biological weapon. Most scientists believe the disease originated in bats in China before passing to humans. Kremlin spokesman Dmitry Peskov pointed to what he said was the lack in the EU document of a specific example or link to a specific media outlet.

“We’re talking again about some unfounded allegations which in the current situation are probably the result of an anti-Russian obsession,” said Peskov. The EU document cited examples from Lithuania to Ukraine, including false claims that a U.S. soldier deployed to Lithuania was infected and hospitalized. It said that on social media, Russian state-funded, Spanish-language RT Spanish was the 12th most popular news source on coronavirus between January and mid-March, based on the amount of news shared on social media. The European Commission said it was in contact with Google, Facebook, Twitter and Microsoft. An EU spokesman accused Moscow of “playing with people’s lives” and appealed to EU citizens to “be very careful” and only use news sources they trust.

[..] Russian media in Europe have not been successful in reaching the broader public, but provide a platform for anti-EU populists and polarize debate, analysis by EU and non-governmental groups has shown. The EEAS report cited riots at the end of February in Ukraine, a former Soviet republic now seeking to join the EU and NATO, as an example of the consequences of such disinformation. It said a fake letter purporting to be from the Ukrainian health ministry falsely stated here were five coronavirus cases in the country. Ukrainian authorities say the letter was created outside Ukraine, the EU report said. “Pro-Kremlin disinformation messages advance a narrative that coronavirus is a human creation, weaponized by the West,” said the report, first cited by the Financial Times.

It quoted fake news created by Russia in Italy – which is suffering the world’s second most deadly outbreak of coronavirus – alleging that the 27-nation EU was unable to effectively deal with the pandemic, despite a series of collective measures taken by governments in recent days.

Read more …

$50 billion.

‘Putin’s Chef’ Threatens To Sue US Over Charges Of 2016 Election Meddling (G.)

A businessmen allied with Vladimir Putin has said he will sue the US for $50bn (£41bn) in damages after prosecutors dropped charges of meddling in the 2016 elections. Yevgeny Prigozhin, often dubbed “Putin’s chef,” claimed in a statement on Tuesday that he had been “wrongfully persecuted” by US prosecutors who said his company Concord had funded an internet troll factory that had promoted Donald Trump’s candidacy during the US elections. The charges, which were filed by special counsel Robert Mueller following his nearly two-year investigation into Russian meddling, were abruptly dropped on Monday, a month before trial. Prosecutors said the Russian company had “no exposure to meaningful punishment” and that the prosecution risked exposing investigative sources and methods.


A day later, Prigozhin went on the attack, saying the dropped charges showed that the US government “feared publicity and just court proceedings”. “This means that the allegations that ‘Prigozhin interfered in the US presidential election,’ ‘Concord interfered in the US presidential election,’ or ‘Russia interfered in the US presidential election’ are mendacious and false,” said Prigozhin, according to the statement released by his company. Prosecutors had previously complained that documents they had provided to the defence had ended up online, and had been hesitant to deliver more sensitive information to Concord’s defence team. It is not clear whether the plans to file a lawsuit are serious, where the lawsuit will be filed, and why Prigozhin values the damages against him at $50bn. The company’s press office declined to give any more information about Prigozhin’s plans on Tuesday.

Read more …

Threats on her life. But not from the FBI.

Ghislaine Maxwell Sues Jeffrey Epstein’s Estate Over Legal Fees (BBC)

Ghislaine Maxwell, the former girlfriend of Jeffrey Epstein, is suing the late US financier’s estate seeking reimbursement for legal fees and security costs, court documents say. Ms Maxwell’s complaint states that she “had no involvement in or knowledge of Epstein’s alleged misconduct” and that he had promised to cover her costs. She also “receives regular threats to her life and safety”, it adds. [..] Ms Maxwell, a long-time friend of Epstein, has not been accused by the authorities of wrongdoing. Ms Maxwell’s lawsuit, which is dated 12 March but was made public on Wednesday, claims that “extensive global coverage” of the investigation resulted in her having to “hire personal security and find safe accommodation”. It adds that she “formed a legal and special relationship” with Epstein that obligated the estate to compensate her, and that “assurances” were made but later ignored after she filed a reimbursement claim in November.

Read more …

 

 

 

 

 

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Mar 102020
 


James F. Gibson Tent of A. Foulke, sutler, 1st Brigade, Horse Artillery. Brandy Station, Virginia 1864

 

Thread: Intensivist/A&E Consultant Currently In Northern Italy (Twitter)
Italy Not Europe’s Coronavirus Hotbed, Just First Country That Snapped (RT)
Trump Has Not Been Tested For Coronavirus – White House (R.)
Seattle-Area Nursing Home Unable To Test 65 Workers With COVID-19 Symptoms (R.)
Coronavirus Symptoms Usually Take 5 Days To Appear – Study (CNN)
Bail Out The People First, Before Companies, In Coronavirus Crisis (Ghitis)
China’s Hubei Province May Allow Residents To Travel (R.)
Singapore Charges Visitors For Coronavirus Treatment (R.)
No Coronavirus Risk From Holy Communion, Says Greek Holy Synod (K.)
Smartphone Sales In China Were Halved In February (ZH)
Boeing Shares Plunge On Coronavirus, 737 MAX Wiring Bundle Setback (R.)
In Brussels, Erdogan Asks NATO For ‘Assistance’ On Syria And Migrants (RT)
Prince Andrew Won’t Voluntarily Cooperate In Epstein Inquiry – Prosecutor (G.)
Court Case Against Alleged CIA Vault 7 Whistleblower Ends In Mistrial (WSWS)
Democrats Were The FIrst To Discuss Biden’s Cognitive Fitness (Greenwald)
Russia ‘Hired Network Of Britons To Go After Enemies Of Putin’ (G.)

 

Cases 114,614 (+ 4,007 from yesterday’s 110,607)

Deaths 4030 (+ 199 from yesterday’s 3,831)

 

Italy’s the story. 100 deaths a day. Germany finally has (acknowledged) its first two deaths. Spain gets very ugly. Lots of clocks ticking.

Lombardy’s world-class health care system has basically collapsed. You’re looking at your future, unless you’re very very lucky.

It’s not about the number or percentage of deaths and cases, it’s about the capacity of the system, and the speed with which countries react. Both fall very short.

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

 

 

And the suspects for Wave 2 continue to rise.

From SCMP:

 

 

From Worldometer:

 

 

From COVID2019.app:

 

 

 

 

Most poignant news today. A Twitter thread that describes an American emergency doctor working in Lombrady, Italy. The system’s collapsed.

Thread: Intensivist/A&E Consultant Currently In Northern Italy (Twitter)

1/ ‘I feel the pressure to give you a quick personal update about what is happening in Italy, and also give some quick direct advice about what you should do.

2/ Lumbardy is the most developed region in Italy and it has a extraordinary good healthcare, I have worked in Italy, UK and Aus and don’t make the mistake to think that what is happening is happening in a 3rd world country.

3/ The current situation is difficult to imagine and numbers do not explain things at all. Our hospitals are overwhelmed by Covid-19, they are running 200% capacity

4/ We’ve stopped all routine, all ORs have been converted to ITUs and they are now diverting or not treating all other emergencies like trauma or strokes. There are hundreds of pts with severe resp failure and many of them do not have access to anything above a reservoir mask.

5/ Patients above 65 or younger with comorbidities are not even assessed by ITU, I am not saying not tubed, I’m saying not assessed and no ITU staff attends when they arrest. Staff are working as much as they can but they are starting to get sick and are emotionally overwhelmed.

6/ My friends call me in tears because they see people dying in front of them and they can only offer some oxygen. Ortho and pathologists are being given a leaflet and sent to see patients on NIV. (Noninvasive ventilation)

Read more …

This may be true, but Italy did screw up badly multiple times. Thing is, at least other countries will, too.

Italy Not Europe’s Coronavirus Hotbed, Just First Country That Snapped (RT)

With the entirety of Italy put under quarantine, the Mediterranean nation has been seen as the hardest-hit by the coronavirus in Europe. Italian journalist Evgeny Utkin believes, however, that it’s just the most tested one.
Utkin, a journalist based in Italy and an expert on economics and politics, told RT that he believes the situation with the coronavirus as reported in the press – namely, that it is ravaging Italy and yet somehow affecting its neighbors, such as Switzerland and Germany, on a far smaller scale – does not represent the reality on the ground. The catch, he said, is that while in some countries the number of those infected might be underreported, in Italy – at least at the beginning of the outbreak – there was an overreaction instead.

“Italy was the first country whose nerves snapped,” Utkin said. “They started testing absolutely everyone.” Such rigorous testing sent the number of confirmed cases skyrocketing, Utkin believes, with the alarming statistics soon driving panic and scoring international headlines. Over that past weekend, northern Italy, where the outbreak erupted, was put on lockdown, which was further extended to the whole of the country on Monday. At least 463 died of COVID-19 – the disease caused by the coronavirus – across Italy as of Monday, and the total number of cases stands at over 9,000. While the spread of the outbreak is a legitimate reason for concern, Utkin said he does not believe that Italy will bear the brunt of the newest virus scourge in the Old World.

“I don’t’ believe that Italy is the European hotbed of coronavirus. It’s more or less the same everywhere. If you take the percentage [of tests], it’ll turn out, I think, that other countries have had it worse, even.” With Italy’s hospitals filled to the brim with coronavirus patients, suspected and confirmed, authorities have scaled back their zeal for testing, and are now screening only those who display particular symptoms or are considered to be at risk of complications. Italy will be reeling from the economic damage caused by the outbreak for the years to come, the expert told RT, predicting the country’s GDP might plummet as much as 10 percent in the first quarter of 2020.

“It would be a colossal slump, I don’t know how it will recover,” Utkin said, adding that the outbreak has completely “killed” the country’s burgeoning tourism and restaurant industries. Utkin is convinced that Italy will ask for financial assistance from the international community, but noted it will hardly be enough to offset the losses its economy has already suffered. “Italy has never fallen so deeply. I have not seen a crisis like this, in terms of economy as well as privacy.”

Read more …

Don’t think they thought this through. Trump and Pence are seen together all the time. If both fall gravely ill, Pelosi takes over. Is that what they want? No-go for the same reason they can’t travel together. President must be tested, VP too.

Trump Has Not Been Tested For Coronavirus – White House (R.)

U.S. President Donald Trump has not been tested for the coronavirus, the White House said on Monday, though at least two lawmakers with whom he has recently come into contact have announced they were self-quarantining after attending a conference with a person who had tested positive for the virus. “The President has not received COVID-19 testing because he has neither had prolonged close contact with any known confirmed COVID-19 patients, nor does he have any symptoms. President Trump remains in excellent health, and his physician will continue to closely monitor him,” White House spokeswoman Stephanie Grisham said in a statement, referring to the acronym describing the virus.

Read more …

US health care is already overwhelmed.

Seattle-Area Nursing Home Unable To Test 65 Workers With COVID-19 Symptoms (R.)

The Seattle-area nursing home at the epicenter of the U.S. coronavirus outbreak said on Monday it had no kits to test 65 employees showing symptoms of the virus that has killed at least 13 patients at the long-term care center. The staffers, representing more than a third of the Life Care Center’s 180 employees, are out sick with symptoms resembling the coronavirus and a federal strike team of nurses and doctors is helping care for 53 patients remaining in the center. With the Kirkland, Washington, home accounting for over half of all coronavirus deaths in the United States, and all its patients tested, it was unclear why it had not been given kits for staff even as the University of Washington offered to process tests.

“We would like more kits to test employees,” Life Care Center spokesman Tim Killian told reporters, adding he did not know why they had not been forthcoming. “We’ve been asking the various government agencies that have been supplying us with test kits.” Twenty-six of the nursing home’s 120 patients have died since Feb. 19, with 13 of 15 autopsies carried out so far showing that the coronavirus was the cause. Twenty-one of the center’s residents, including those now in hospitals, have tested positive for the virus. The outbreak has shown how quickly the coronavirus spreads through elderly residents with weak immune systems and underlying health conditions living in close quarters.

“We’ve had patients who, within an hour’s time, show no symptoms to going to acute symptoms and being transferred to the hospital,” Killian told a news conference on Sunday. “And we’ve had patients die relatively quickly under those circumstances.”

Read more …

This will tempt people to party on day 6. Smart?

Coronavirus Symptoms Usually Take 5 Days To Appear – Study (CNN)

People infected by the novel coronavirus tend to develop symptoms about five days after exposure, and almost always within two weeks, according to a study released Monday. That incubation period is consistent with previous estimates from public health officials, and the findings suggest that 14 days of quarantine are appropriate for people potentially exposed to the coronavirus. The US Centers for Disease Control and Prevention has used that standard during the current pandemic — recommending, for example, that people self-quarantine for two weeks after traveling to countries with widespread coronavirus transmission, such as Italy or South Korea.

When it comes to those quarantines, the incubation period “tells us how long it’s reasonable to do that,” said Justin Lessler, an author of the study and an associate professor of epidemiology at the Johns Hopkins Bloomberg School of Public Health. His research, published in the journal Annals of Internal Medicine, also suggests that symptomatic screening for the virus — such as temperature checks at an airport — may be missing recently infected people. “If somebody is in their incubation period, that is the window when somebody who’s already been infected can walk into the country and not be detected by symptom-based surveillance” said Lessler. That could explain why the CDC’s efforts to screen more than 46,000 fliers for “fever, cough, and shortness of breath” have resulted in just one positive coronavirus case, according to the CDC’s most recent screening data, which was released at the end of February.

[..] To estimate the incubation period, researchers scoured more than 180 reports of coronavirus in places without widespread transmission of the virus — areas, in other words, where infection was likely due to outside travel. Because the study was conducted early in the coronavirus epidemic, community transmission at the time was limited to Wuhan, China. That allowed researchers to estimate the “time of exposure” to the coronavirus by determining when a person was in Wuhan — the only plausible source of infection. By comparing travel to Wuhan with the emergence of symptoms, researchers could then estimate an incubation period for the virus: usually about 5 days, and rarely more than 12. “We have sort of a narrow window at the beginning of the epidemic to really tease out what’s going,” said Lessler. “If it’s everywhere, you don’t know where people got infected.”


Read more …

Smart comment. On CNN no less.

Bail Out The People First, Before Companies, In Coronavirus Crisis (Ghitis)

Unlike during the 2008 Great Recession, when the government leaped to assist financial institutions, the first priority this time should be helping individuals in need. Only then should we help businesses caught in this storm. By now, Trump should be wishing that the Federal Reserve Bank had ignored his pressure to lower interest rates. If rates were higher, the Fed would have much more powerful ammunition: it would be able to aggressively lower rates, which is the strongest weapon in its arsenal. But that arsenal is much depleted. In 2008, the government distributed hundreds of billions of dollars, mostly to bail out banks and large corporations. (GM was the main manufacturer rescued by the Obama administration.) While most banks survived, close to 10 million homeowners lost their houses to foreclosure; millions of people lost their jobs.


That overwhelming tilt in favor of helping struggling businesses instead of suffering individuals is, in my view, one of the reasons populism gained strength, as demonstrated by elections throughout western democracies in the 2010s. This time, the source of the problem is not a breakdown in the financial system. This is very different. We now face a major health assault. The pandemic is not only causing illnesses and straining health care resources, it is attacking the economy from a multitude of angles. Manufacturers are facing supply chain disruption, shortages are developing and demand is collapsing. [..] The obvious first order of business is clear: Everyone should have access to health care right now. It’s not only the humane thing to do, it’s the smartest way to slow the contagion. People who become infected should not fear bankruptcy if they go to the doctor. If they do, the epidemic will continue to spread.

Read more …

Chinese roulette?! Is this just so you can make a few extra iPhones?

China’s Hubei Province May Allow Residents To Travel (R.)

China’s Hubei province is studying plans to allow people in areas at a medium- or low-risk of contracting the coronavirus to start traveling, state media reported on Tuesday, citing a meeting chaired by the province’s party chief Ying Yong. The meeting, reported by the official Hubei Daily, said that they may allow people to start traveling by using a “health code”, a mobile-based monitoring system that has been rolled out by many local authorities in China in recent weeks. Hubei province and its capital Wuhan are at the epicenter of the coronavirus outbreak in China.

Read more …

Oh, get a life.

Singapore Charges Visitors For Coronavirus Treatment (R.)

Singapore has started charging visitors for coronavirus treatment, the city-state said as it reported three new imported infections, two of which involved Indonesians. Indonesia, the world’s fourth-most populous country, reported its first virus case earlier this month and officially has just 19 infections compared to 160 in Singapore. Disease experts have questioned how many cases go undiagnosed in Indonesia. Singapore’s new measures announced late Monday came into effect on March 7, when authorities said two symptomatic Indonesian travelers arrived in Singapore. Both had reported coronavirus symptoms in Indonesia before arriving in Singapore. One had previously sought treatment at a hospital in Indonesia’s capital Jakarta.


Another case involved a Singaporean who had visited her sister in Indonesia who had pneumonia. Declaring its new stance on payment for treatment, the health ministry did not mention these specific cases. “In view of the rising number of COVID-19 infections globally, and the expected rise in the number of confirmed cases in Singapore, we will need to prioritise the resources at our public hospitals,” the health ministry said in a statement. Foreigners who are short-term visit pass holders who seek treatment for COVID-19 in Singapore need to pay but testing for the virus remains free. Treatment of severe respiratory infections in Singapore public hospitals typically cost between S$6,000 – S$8,000 ($4,300-5,800), according to the Ministry of Health’s website.

Read more …

Sure, funny at first. But not very long.

No Coronavirus Risk From Holy Communion, Says Greek Holy Synod (K.)

Amid fears of a broader coronavirus contagion across the country, the Holy Synod, the ruling body of the Greek Orthodox Church, on Monday issued a statement saying that the disease does not transmit through the distribution of holy communion by the chalice. “For the members of the Church, attending the Holy Eucharist… certainly cannot be a cause of disease transmission,” the Holy Synod said. “Faithful of all ages know that coming to receive the holy communion, even in the midst of a pandemic, is both a practical affirmation of self-surrender to the Living God and a potent manifestation of love,” it said. The Geek federation of hospital doctors has stressed that no exception “for religious, sacramental or metaphysical reasons” should be made to state health warnings to please the Church. The number of confirmed coronavirus cases in Greece stands at 73.

Read more …

The worst effect of the virus, I’m sure.

Smartphone Sales In China Were Halved In February (ZH)

Update (2015ET): Wedbush analyst Daniel Ives called the decline of iPhone sales in China a “doomsday type” like decline. Ives said the fall was an “unprecedented” drop and was “not surprising given the essential lockdown that most of China saw” in February. Wedbush expects Chinese demand to come back online in the second half of the year. [..] Alternative data first showed us the incoming economic crash developing in early February, only to be confirmed weeks later. Twin shocks plague the Chinese economy, which is a supply shock with manufacturers operating at less than full capacity, along with a demand shock, where consumers have been confined to their homes in forced quarantine, unable to spend.


So, on Monday morning, when new data from the China Academy of Information and Communications Technology (CAICT) reveals Apple smartphone sales in China were halved in February, this really shouldn’t surprise ZeroHedge readers, considering they’ve been well informed about what would happen next. And it wasn’t just Apple with plunging activity, all mobile phone brands operating in China saw shipments halved over the month. CAICT said 6.34 million devices were shipped last month, down 54.7% from 14 million in the same month the previous year. This was the lowest level of February shipments since 2012, when the CAICT data first became available. Android brands, including Huawei and Xiaomi, accounted for most of the drop, collectively saw shipments at 5.85 million units for the month, compared to 12.72 million units last year. Apple shipped 494,000 last month, down from 1.27 million in February 2019.

Read more …

Even if they got permission to fly the 737Max, there’d be no passengers on them.

Boeing Shares Plunge On Coronavirus, 737 MAX Wiring Bundle Setback (R.)

Shares of Boeing dropped more than 12% on Monday amid a broader market plunge as pressure mounted on global aviation from the spread of the coronavirus and U.S. regulators said they disagreed with Boeing’s argument about the safety of wiring bundles on the grounded 737 MAX jet. Underscoring the global risks for America’s largest exporter, Ethiopian investigators singled out faulty 737 MAX systems in a new interim report on last year’s crash, the second of two fatal accidents that plunged Boeing into its worst-ever crisis. Industry sources said airlines, facing a sharp drop in travel demand due to rising coronavirus outbreaks, were starting to request deferring aircraft deliveries and cash downpayments to Boeing and European rival Airbus.

Boeing shares were down at $229.12 in afternoon trading, a level not seen since 2017. Adding to a sense of mounting anxiety, Boeing’s new Chief Executive Officer Dave Calhoun was forced to apologize to senior staff after a rare attack on his predecessor and company leadership, which sources say provoked criticism from within the senior ranks of the company as well as the rank-and file. Calhoun, who took over as CEO in January after serving about a decade on Boeing’s board, told senior staff by email on Friday he was “both embarrassed and regretful” over his comments in a New York Times interview earlier in the week. “It suggests I broke my promise to former CEO Dennis Muilenburg, the executive team and our people that I would have their back when it counted most,” Calhoun said.

“I want to reassure you that my promise remains intact.” Calhoun’s email came as the U.S. Federal Aviation Administration (FAA) told Boeing on Friday it did not agree with the planemaker’s argument that its 737 MAX wiring bundles meet safety standards. Nonetheless, the FAA said it was now up to Boeing to decide how to proceed. [..] Boeing in February said it did not believe it was required to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators had warned could cause a short circuit on the 737 MAX, and lead to a crash if pilots did not react soon enough. There are more than a dozen different spots on the 737 MAX where wiring bundles may be too close together. Most of the locations are under the cockpit in an electrical bay.

Read more …

“Erdogan is in Brussels, demanding help from NATO with both the conflict on his southern border and the migrants he tried to unleash on the West, now that neither situation is going according to plan.”

In Brussels, Erdogan Asks NATO For ‘Assistance’ On Syria And Migrants (RT)

Turkish President Recep Tayyip Erdogan is in Brussels, demanding help from NATO with both the conflict on his southern border and the migrants he tried to unleash on the West, now that neither situation is going according to plan. After meeting with NATO Secretary General Jens Stoltenberg on Monday, the Turkish leader said he requested “additional assistance” from the alliance, for the “defense” of the Turkish border with Syria and “in connection with the migration challenge.” “We expect concrete support from all our allies to this struggle,” Erdogan added, urging the allies to support Turkey “without discrimination and with no political preconditions.” Stoltenberg praised Turkey as an “important” ally which has “contributed to our shared security in many ways,” and said the alliance is “prepared to continue to support Turkey and we are exploring what more we may be able to do.”


It is unclear what those platitudes may amount to in practice, however. Ankara did not bother coordinating with its NATO allies when it sent troops into Syria’s Idlib province last month – or back in October 2019, causing some strain within the bloc. Though it seemed for a moment that Turkish and Russian troops in Syria might come to blows, the crisis was averted when Erdogan went to Moscow and agreed to a ceasefire last week. The main focus of Erdogan’s trip to Brussels is Greece’s refusal to open its border to a wave of migrants that the Turkish president unleashed amid the recent fighting in Syria. Tens of thousands of migrants – only a few actual refugees from the Syrian conflict among them, apparently – heard the borders were open and surged towards Greece, only to be halted at the border fence.

Read more …

International arrest warrant?

Prince Andrew Won’t Voluntarily Cooperate In Epstein Inquiry – Prosecutor (G.)

Prince Andrew has “completely shut the door” on cooperating with US investigators in the Jeffrey Epstein case and they are now “considering” further options, a New York prosecutor said on Monday. Andrew was a friend of Epstein, the wealthy financier and convicted sex offender whose death in custody while awaiting trial on sex trafficking charges in New York last year was ruled a suicide. Andrew denies all claims of sexual misconduct relating to the Epstein case but has stepped back from public duties as a result of his connection to it. Speaking to reporters on Monday, the Manhattan US attorney Geoffrey Berman said: “Contrary to Prince Andrew’s very public offer to cooperate with our investigation into Epstein’s co-conspirators, an offer that was conveyed via press release, Prince Andrew has now completely shut the door on voluntary cooperation and our office is considering its options.”


In November, Andrew said he was “willing to help any appropriate law enforcement agency with their investigations if required”. Berman made a similar claim in January, which former sex crimes prosecutors told the Guardian was most likely a move designed to win political support for the investigation. Buckingham Palace said then it would not comment and the matter was being dealt with by the prince’s legal team. Contacted on Monday, a Palace spokeswoman said: “The issue is being dealt with by the Duke of York’s legal team.” Buckingham Palace has consistently refused to reveal any details of Andrew’s legal team but the Duke has reportedly hired Clare Montgomery, a senior barrister at Matrix Chambers, whose clients have included Augusto Pinochet, Chile’s former dictator [..] She also prosecuted the Metropolitan police over the death of Jean Charles de Menezes, shot dead in a failed anti-terror operation.

Read more …

A new element: Assange could face death penalty after all. The UK cannot extradite if it’s in play.

Court Case Against Alleged CIA Vault 7 Whistleblower Ends In Mistrial (WSWS)

The federal proceedings against Joshua Schulte, a former employee of the US Central Intelligence Agency (CIA) who was accused by the American government of providing WikiLeaks with a trove of documents exposing illegal spying operations, have ended in a mistrial. After a week of deliberations, the jury returned on Monday to state that it could not reach an agreement on the most serious charges facing Schulte. The divided opinion centred on eight counts under the Espionage Act, including illegally gathering and transmitting national defence information. The jury had only agreed to convict Schulte on the lesser counts of contempt of court and making false statements to the US Federal Bureau of Investigation (FBI). Schulte will remain imprisoned and likely faces a retrial.

The failure of the prosecution to convict Schulte of the charges relating to WikiLeaks’ 2017 Vault 7 publication, which consisted of leaked documents from within the CIA, is significant. It may mark a hurdle in the campaign of the US government against WikiLeaks and its publisher Julian Assange, who faces extradition from Britain to the US and prosecution under Espionage Act charges over separate 2010 and 2011 releases. It is clear that if he is extradited, Assange could face additional US charges, possibly related to Vault 7. Three days after closing arguments in the Schulte trial, Australian Department of Foreign Affairs and Trade officials confirmed that it was possible that Assange would face additional counts carrying the death penalty if he was dispatched to the US.

The timing of their statements, which contradict the previous claims of US allies, could indicate that there is much at stake for Assange in the attempted US prosecution of Schulte. [..] The publication of Vault 7 in early 2017 was the trigger for a major escalation in the US government vendetta against Assange, culminating in his illegal expulsion from Ecuador’s London embassy last year, his arrest by the British police and imprisonment in a maximum-security prison. Schulte’s trial, moreover, coincided with the first week of the British extradition hearing against Assange, which underscored the similarities in the lawless treatment of the WikiLeaks publisher and his alleged CIA source. Prosecutors have described the Vault 7 leak, which they accuse Schulte of being responsible for, as the largest in the entire history of the CIA.

Read more …

[..] establishment Democrats were the ones who first spread insinuations and even explicit accusations about Biden’s cognitive decline when they thought doing so could help them defeat him and/or because it genuinely concerned them regarding his ability to defeat Trump.

Democrats Were The FIrst To Discuss Biden’s Cognitive Fitness (Greenwald)

it is visible to the naked eye that the 77-year-old six-term Senator and two-term Vice President is in serious cognitive decline. That is a grave matter not just because the establishment wing of the Democratic Party wants to put him in charge of the world’s most dangerous nuclear arsenal, a large chunk of the planet’s health, and the welfare of hundreds of millions of people, but also because it directly pertains to whether he can sustain the rigors and spotlight of a General Election against the incumbent President. And multiple incidents over the past couple weeks — from Biden’s forgetting the words of the most iconic and memorized passage of the Declaration of Independence to confusing his wife for his sister to spouting sentences that make no sense — have only intensified those worries.

But, as the Democratic establishment has united with creepy speed and obedience behind Biden in order to stop the Sanders candidacy, those who now raise these concerns instantly come under a withering assault of insults and attacks from Democratic Party operatives along with their crucial media allies: thinly disguised pro-Biden reporters who continue to insist on wearing the unconvincing and fraudulent costume of neutrality. They are invoking the classic Orwellian formulation from the novel 1984: “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

CNN’s Democratic Party consultant Karen Finney condemned the discussion of Biden’s cognitive capabilities as “truly a disgusting low blow,” demanding that former Democratic presidential candidates Julian Castro and Cory Booker — both of whom themselves had commented upon Biden’s cognitive failures (on camera!) — announce (falsely) that their prior comments about Biden had been distorted. Castro’s Communication’s Director, Sawyer Hackett, dutifully accused those who were raising these concerns of “push[ing] Trump messaging about Biden”; he also denied that Castro (or Booker) had ever themselves questioned Biden’s cognitive competence, warning those who are raising the issue: “don’t try to throw Julián and Cory in front of you when you do.”

Meanwhile, Politico and CNN reporter Ryan Lizza, more devoted to defending Biden than even DNC functionaries, spent all weekend conspiratorially insinuating that journalists who were raising concerns over Biden’s cognitive fitness were part of a joint “coordinated” attack from the Sanders and Trump campaigns. Lizza and others like him promoted various outraged articles from Democratic Party-loyal sites expressing all kinds of indignation — after four years of open season of musing casually about Trump’s dementia — that anyone would even dare discuss Biden’s cognitive fitness to occupy the most powerful political position in the world. They all insisted that this was some sort of very recent invention on the part of the Sanders and Trump world to stop the Biden juggernaut: a last-minute act of desperation from the Far Right and the Far Left as Biden ascends to his rightful place in the Oval Office.

The problem with all of this? Aside from the fact that Biden’s cognitive decline is visible to the naked eye and it is incredibly reckless and repressive to demand that it be supressed, these concerns were first raised not by Trump operatives nor by Sanders supporters, nor were they first raised within the last several weeks. Quite the opposite is true: they were raised repeatedly over the last year principally by Democratic Party officials and their most loyal allies in the media.

Read more …

The day the stupid MH17 trial starts, which will take years, The Guardian runs this by Luke Harding. And if there’s anyone to rival Harding in the lying sack-of-shit department, it’s Bill Browder. So that’s who Harding writes about.

Russia ‘Hired Network Of Britons To Go After Enemies Of Putin’ (G.)

Russia has been accused of hiring a network of British politicians and consultants to help advance its criminal interests and to “go after” Vladimir Putin’s enemies in London, MPs who drew up the Russia report suppressed by Boris Johnson were told. In secret evidence submitted to parliament’s intelligence and security committee (ISC), the campaigner and financier Bill Browder claimed Moscow had been able to “infiltrate” UK society by using well-paid British intermediaries. Some had “reason to know exactly what they are doing and for whom”, Browder told the committee. Others “work unwittingly for Russian state interests”, he said.

The alleged intermediaries include politicians from both Labour and the Conservative parties, former intelligence officers and diplomats, and leading public relations firms. Collectively, they form what Browder calls a “western buffer network”. There is no suggestion in Browder’s testimony that British citizens broke the law. The regime in Moscow uses these professionals to mask its “entangled” state and criminal interests, he alleged. It deploys them to attack Putin critics, “enhance Russian propaganda and disinformation” and to “facilitate and conceal massive money-laundering operations”, he said. Putin’s spokesman Dmitry Peskov called Browder’s claims false and “totally groundless”. Questions about corruption at the heart of the Russian state were “a perfect example of a maniac-style Russophobia”, Peskov said.

[..] Browder was one of several expert witnesses invited to give evidence to MPs and peers. In September 2018 he submitted a 14-page statement, which included a number of recommendations. They include setting up a US-style register of individuals working for foreign state interests, as well as extra resources for regulators, investigators, police and prosecutors. He calls on Companies House in London to review filings made by firms linked to Russian money-laundering scandals. Speaking to the Guardian, Browder said: “Yes, there are members of the Russian security services working out of the Russian embassy under diplomatic cover. [..] “There are Russian oligarchs who have a much greater impact on the security of this country. What’s most shocking is that the Russian government is indirectly hiring British nationals to assist them in its intelligence operations.”

Read more …

 

Do it yourself face mask

 


 

 

If you read us, please support us. Help the Automatic Earth survive.

 

Mar 072020
 


John Vachon Trucks loaded with mattresses at San Angelo, Texas Nov 1939

 

How America Can Beat COVID-19 (Galbraith)
Don’t Test, Don’t Tell: The Bureaucratic Bungling of COVID-19 Tests (Ben Hunt)
Coronavirus Matters, The Stock Market Doesn’t (IC)
Not Enough Face Masks Are Made In America To Deal With Coronavirus (NPR)
US Excludes Chinese Face Masks, Medical Gear From Tariffs (R.)
Virus Concerns Drag Down Wall Street, But Indexes Eke Out Weekly Gains (R.)
Americans Divided On Party Lines Over Risk From Coronavirus (R.)
21 People On Grand Princess Cruise Ship Test Positive – Pence (NBC)
China January-February Exports Tumble, Imports Slow (R.)
Romney To Vote For Subpoena Seeking Hunter Biden Ukraine Records (Pol.)
Biden Racks Up Endorsements As Sanders Goes On The Attack (R.)
Ethiopian Draft Report Blames Boeing For 737 MAX Plane Crash (R.)
Starting A Nuclear Conflict Now ‘A Political Option’ For US – Moscow (RT)
Ceasefire In Syria’s Idlib Comes At A Cost For Turkey’s Erdogan (R.)

 

 

 

Cases 102,544 (+ 3,616 from Tuesday’s 98,928)

Deaths 3,501 (+ 111 from yesterday’s 3,390)

 

In my view, this from Worldometer last night contains the most relevant information. If China is phase one, South Korea, Iran (+25% cases) and Italy are phase 2. Their increases in cases and deaths continues unabated. Which countries will be phase 3? We’ll know next week.

Some countries look odd. We’ve seen before that South Korea has a relatively low death rate and a very low recovery rate. The US has a lot of deaths compared to its cases, which appears to point to many unreported cases. Germany has zero deaths with 692 cases. Not overly credible.

Overall death rate is 3.5%, that will go down further. If only countries would get serious about their testing. But if you don’t test, you don’t find cases. Tempting.

 

 

 

From SCMP:

 

 

From Worldometer:

 

 

From COVID2019.app:

 

 

 

 

He makes it sound much easier than it is. America comes together only for war. Not for disease.

“After Pearl Harbor, the US banned the sale of rubber tires overnight in preparation for the war effort. With the #COVID19 crisis bearing down, James K. Galbraith calls for the same type of rapid response.”

How America Can Beat COVID-19 (Galbraith)

When the Japanese attacked Pearl Harbor, the United States was surprised and unprepared, but it was quickly freed of its illusions. The same does not hold true for the COVID-19 epidemic. The attack is underway and our defenses are down – but so far our illusions remain intact. That will soon change as the infection rate and death toll rise, while the stock market sinks. Global supply chains have been disrupted by events in China, and India has just banned the export of certain generic drugs. Medical masks are already in short supply, and everyday items such as hand sanitizer have become difficult to find. The heavily globalized, consumer- and finance-driven US economy was not designed for a pandemic.

The country’s medical system has it even worse. America has vast health-care capacity, but millions of people are uninsured, underinsured, undocumented, or simply reluctant to go to the doctor or emergency room, owing to the cost of co-payments, deductibles, and uncovered fees. In a pandemic – where every infected person is a threat to the entire population – this is a formula for disaster. Everyone must be able to come forward, get tested, and receive free treatment without fear of consequences – including the very poor, the homeless, and the undocumented. US medical personnel are not equipped, and facilities are not designed to manage a potential explosion of people needing isolation and specialized care.

Hospital beds and quarantine units may be required where outbreaks overwhelm local capacity, and moving sick, infectious people over distances to available open beds is a risky policy. Effective training for those caring for the quarantined is critical; otherwise, the virus will spread among support staff. Medical supplies such as test kits and hazard suits must also be delivered where and when they are needed. [..] the government must empower the Centers for Disease Control and the Federal Emergency Management Agency to tell Americans precisely what is happening and to give clear, credible instructions. Direct, regular mass communication from competent scientific professionals, rather than from politicians and the media, can help to maintain calm, promote low-risk behavior, and avoid panics.

Furthermore, the Centers for Medicare & Medicaid Services should be authorized to cover the full costs of testing and treating COVID-19 cases, with no exceptions and no legal risks. Making tests and treatment “affordable” is not enough; the disease cannot be isolated by economic class. In a pandemic there is no acceptable alternative to making care universal and free of cost.

Read more …

This is a global issue, not an American one.

Don’t Test, Don’t Tell: The Bureaucratic Bungling of COVID-19 Tests (Ben Hunt)

As I write this essay on March 5th, there are more confirmed coronavirus infections in Harris County, Texas (five) acquired by Americans who traveled to Egypt than there are confirmed cases within the entire country of Egypt (three). Why? Because Egypt has only tested a few hundred people in this country of 100 million. There are more confirmed coronavirus infections in the city-state of Singapore (three) acquired by Singaporeans who traveled to Indonesia than there are confirmed cases in the entire country of Indonesia (two). Why? Because Indonesia has only tested a few hundred people in this country of 265 million. With the exception of South Korea and Italy (and perhaps Australia and the UK), pretty much every nation in the world has adopted some form of Don’t Test, Don’t Tell.

The offenders include rich countries like the United States and Japan, vast countries like Indonesia and India, communist countries like China and Vietnam, theocracies like Iran and Saudi Arabia, oligarchies like Russia and Nigeria, social democracies like Germany and France. Don’t Test, Don’t Tell knows no geographic or ideological boundary. And so you might ask: is this a difficult or expensive test to make? Is there some fundamental reason of technology or economics why a country might find itself forced to pursue a policy of Don’t Test, Don’t Tell? Nope. It’s a relatively simple test to develop and administer in vast quantities. There are probably half a dozen university and industry labs in Jakarta or Nairobi, much less Moscow or Chicago, that could crank out a few thousand test kits per week if they wanted to. Or rather, if they were allowed to.

Now that doesn’t mean that you can’t screw up the coronavirus test if you really set your mind to it. And in fact, that’s exactly what the CDC did in January, when they rejected the World Health Organization’s proposed test panel for SARS-CoV-2 (the official name for this particular novel coronavirus which causes the disease COVID-19) in favor of a gold-plated test panel of the CDC’s own design. After all, why just test for SARS-CoV-2 when you could also test for other SARS and MERS viruses? Unfortunately, with complexity came error, and these initial CDC triple-test kits had a flaw in one of the multiple tests, ruining the entire test. Now the CDC is producing a solo test for the SARS-CoV-2 virus, but this fiasco set us back weeks in test-kit supply.

So if it’s not a difficult or expensive test to make, why are so many countries pursuing a policy of Don’t Test, Don’t Tell? The answer, of course: to maintain a political narrative of calm and competence.

Read more …

Don’t tell Rick Santelli.

Coronavirus Matters, The Stock Market Doesn’t (IC)

Before a new strain of coronavirus began sprinting around the world, all these problems with the stock market may have seemed abstract. But they are now extremely concrete. Think about what we could have done to prepare for this moment, if we’d been less mesmerized by little numbers on screens and paid more attention to the reality right in front of us. One aspect of reality is that some diseases are extremely contagious and can kill you. That’s why everyone in America would be far better off right now if we had robust, universal health care, even the people who had to sell some of their shares in Apple to help pay for it. Likewise, scientists have been warning for decades about exactly this kind of infectious disease.

One of their suggestions was for the U.S. government to help pay to improve the public health infrastructure in poorer countries. We may all quite soon regret not doing this, even if it would have required making Amazon pay a tax rate greater than 1.2 percent and hence denting their stock price. And if we’d been less transfixed by what corporations were doing, we could have realized what they can’t do. In the imaginary world of economic textbooks, a huge pharmaceutical company would have poured tens of billions into developing the capacity to more quickly perfect and manufacture vaccines in huge volumes, so that the omniscient stock market would reward them for their prescience. Here on Earth, the stock market would have punished any company that took such a big risk with an uncertain payoff.

Yet we couldn’t see that the only way to better prepare for the new coronavirus would have been with much greater government action. And there are pernicious effects of our stock market love affair that are even more subtle. When deciding what to do with their lives, young people learn what to value from adults, and what adults have been telling them is that what’s valuable is corporate wealth. Imagine how much better we’d all feel now if 1,000 of America’s smartest financial engineers had heard instead that the most important, respected thing they could do was become an epidemiologist. But instead of investing in genuine wealth, the kind of wealth that keeps us alive, we preferred to chase the phantom wealth of the stock market. Now as the phantom wealth dissolves, we may come face to face with our decision to be poor in what truly matters.

Read more …

“The surgical mask supply went from being 90% U.S.-made to being 95% foreign-made in literally one year..”

Not Enough Face Masks Are Made In America To Deal With Coronavirus (NPR)

Mike Bowen’s been a very busy man. He’s executive vice president of Texas-based Prestige Ameritech, one of the few manufacturers of respirators and surgical face masks still making them in the United States. “I’ve got requests for maybe a billion and a half masks, if you add it up,” he says. That’s right — 1.5 billion. Since the coronavirus started spreading in January, Bowen says he’s gotten at least 100 calls and emails a day. “Normally, I don’t get any,” he says. [..] His company simply can’t keep up with demand. 3M — one of the biggest mask makers — is in the same predicament. It says it’s stepping up production at its factories around the world, but it can’t fulfill all the new orders.

The World Health Organization this week warned against hoarding and panic-buying of critical protective gear. “Without secure supply chains, the risk to health care workers around the world is real,” WHO Director-General Dr Tedros Adhanom Ghebreyesus said. “Industry and governments must act quickly to boost supply, ease export restrictions and put measures in place to stop speculation and hoarding.” Concern about shortages of face masks used by doctors and nurses is prompting hospitals around the world to clamor for medical supplies as the coronavirus continues its infectious spread. In response, the Trump administration is looking at ways to rapidly expand domestic production, but the economics of the face-mask business makes that difficult.

This is a cycle familiar to Bowen. During what he calls “peacetime,” when there are no outbreaks, there are few buyers of masks. During an epidemic, there’s suddenly limitless demand. [..] Prestige Ameritech, for example, owns a limited number of machines that assemble, sew and shape the masks. A decade ago, it ramped up production in response to the swine flu outbreak by buying more machines and hiring 150 new workers. “We made a really big mistake,” Bowen says of that decision. It took about four months to build the new machines, which are as long as a school bus and cost as much as $1 million. By the time they were ready, the swine flu crisis had ended, demand vaporized, and Prestige Ameritech almost went bankrupt.

“One day — and it is literally almost like one day — it just quits. The demand is over, the phones stop ringing,” Bowen says. To make matters worse, the hospitals and medical supply companies suddenly had a glut of masks; they stopped buying for months. That was a business headache. But the recent shortages also show how a lack of steady orders can create a sudden national security risk. The seeds of that problem, says Bowen, can be traced back 15 years. That’s when many mask factories moved overseas, where masks could be made at a fraction of Bowen’s costs. Most notably, he says, Kimberly-Clark, which used to be one of the industry leaders, moved its operations. “The surgical mask supply went from being 90% U.S.-made to being 95% foreign-made in literally one year,” Bowen says.

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Makes sense if 95% comes from China.

US Excludes Chinese Face Masks, Medical Gear From Tariffs (R.)

The U.S. Trade Representative’s office in recent days granted exclusions from import tariffs for dozens of medical products imported from China, including face masks, hand sanitizing wipes and examination gloves, filings with the agency showed on Friday. Many of the exclusion requests for medical products appear to have been expedited amid the rapidly spreading coronavirus outbreak, with approvals granted just over one month past a Jan. 31 application deadline. Requests to exclude other products from President Donald Trump’s Section 301 tariffs on Chinese goods have taken months.


Apple’s requests for exclusions on products from AirPod headphones to the HomePod smart speaker filed on Oct. 31 are still pending. Medline International Inc has already received exclusions on 30 products ranging from surgical gowns to face masks and medicine cups, most of which the company applied for at the end of January. A number of the exclusions were granted on Thursday, USTR documents showed. The products were included in a fourth round of tariffs on Chinese goods imposed by Trump on Sept. 1, 2019, amid heated U.S.-China trade negotiations.

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The PPT looks old and tired.

Virus Concerns Drag Down Wall Street, But Indexes Eke Out Weekly Gains (R.)

U.S. stocks fell on Friday as fears of economic damage from the spread of the coronavirus intensified, though Wall Street’s major indexes ended well above their session lows. The S&P 500 posted its 10th decline in 12 sessions as moves to contain the virus crippled supply chains and prompted a sharp cut to global economic growth forecasts for 2020. Since its record closing high on Feb. 19, the benchmark index has lost more than 12%, wiping out $3.43 trillion from its market capitalization, according to S&P Dow Jones Indices. Even so, for the week the S&P 500, along with the Dow Jones Industrial Average and the Nasdaq, posted a modest gain as stocks on Friday pared losses late in the session.

Comments from Federal Reserve officials about the possibility of using other tools in addition to interest rate cuts to blunt the economic impact of the coronavirus helped stocks ease declines, said Alicia Levine, chief strategist at BNY Mellon Investment Management in New York. Nonetheless, “it’s very unclear what the economic impact will be,” Levine said. Yields on long-dated U.S. Treasuries fell to record lows as investors fled to bonds, whose prices move inversely to their yields. The drop in Treasury yields weighed heavily on shares of financial companies, which tumbled 3.3%. The S&P 500 banks index dropped 4.7%, bringing its total decline for the week to more than 8%.

Shares of cruise operators Carnival Corp and Royal Caribbean Cruises Ltd slid after Reuters reported that the administration of President Donald Trump was considering ways to discourage U.S. travelers from taking cruises. Carnival shares fell 2.6%, and Royal Caribbean shares dropped 1.2%. “The decline today is all about the efforts to contain the spread of the virus,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management in Boston. “The measures being taken could dampen commerce and consumer activity, and markets are responding to that.”

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These days, it’s as American as apple pie.

Americans Divided On Party Lines Over Risk From Coronavirus (R.)

Americans who now find themselves politically divided over seemingly everything are now forming two very different views of another major issue: the dangers of the new coronavirus. Democrats are about twice as likely as Republicans to say the coronavirus poses an imminent threat to the United States, according to a Reuters/Ipsos poll conducted this week. And more Democrats than Republicans say they are taking steps to be prepared, including washing their hands more often or limiting their travel plans. Poll respondents who described themselves as Republicans and did not see the coronavirus as a threat said it still felt remote because cases had not been detected close to home and their friends and neighbors did not seem to be worried, either.


“I haven’t changed a single thing,” Cindi Hogue, who lives outside Little Rock, Arkansas, told Reuters. “It’s not a reality to me yet. It hasn’t become a threat enough yet in my world.” Many of the U.S. cases that have been reported so far have been in Washington state and California, more than 1,000 miles away from Arkansas. Politics was not a factor in her view of the seriousness of the virus, Hogue said. Other Republican respondents interviewed echoed that sentiment. But the political divide is nonetheless significant: About four of every 10 Democrats said they thought the new coronavirus poses an imminent threat, compared to about two of every 10 Republicans.

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19 crew members, 2 passengers. There are over 1,000 crew aboard.

21 People On Grand Princess Cruise Ship Test Positive – Pence (NBC)

Vice President Mike Pence said Friday that 21 people aboard a cruise ship that’s being held off the coast of California have tested positive for the coronavirus. The California Air National Guard had delivered 46 tests to the Grand Princess, which has been offshore since Wednesday. Of the 46 passengers tested, Pence said 21 people, 19 employees and two passengers, had tested positive. Twenty-four tested negative, and one was inconclusive, Pence said. There are over 3,500 people on board the ship, which is anchored near San Francisco. All passengers will be brought into port in the U.S. over the weekend and tested, said Pence, who is leading the Trump administration’s response to the outbreak.


“Those who need to be quarantined will be quarantined. Those who require additional medical attention will receive it,” he said. Officials said crew members are likely to be quarantined aboard the ship, while passengers could be quarantined at military bases. Pence spoke shortly after President Donald Trump, touring Centers for Disease Control and Prevention headquarters in Atlanta, told reporters that he’d rather people be kept on the ship because otherwise they’ll add to the country’s coronavirus statistics. “I like the numbers being where they are. I don’t need to have the numbers double because of one ship that wasn’t our fault. And it wasn’t the fault of the people on the ship either, ok? It wasn’t their fault either and their mostly Americans,” Trump said. But, he added, he would abide by what Pence and his team of “great experts” decide.

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The word “tumble” makes it sound almost light. The incredible lightness of collapse.

China January-February Exports Tumble, Imports Slow (R.)

China’s exports contracted sharply in the first two months of the year, as the fast spreading coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity. Imports also fell but were better than analyst expectations. The gloomy trade report is likely to reinforce fears that China’s economic growth halved in the first quarter to the weakest since 1990 as the epidemic and strict government containment measures crippled factory production and led to a sharp slump in demand. Overseas shipments fell 17.2% in January-February from the same period a year earlier, customs data showed on Saturday, marking the steepest fall since February 2019.


That compared with a 14% drop tipped by a Reuters poll of analysts and a 7.9% gain in December. Imports sank 4% from a year earlier, better than market expectations of a 15% drop. They had jumped 16.5% in December, buoyed in part by a preliminary Sino-U.S. trade deal. China ran a trade deficit of $7.09 billion for the period, reversing an expected $24.6 billion surplus in the poll. Factory activity contracted at the fastest pace ever in February, even worse than during the global financial crisis, an official manufacturing gauge showed last weekend, with a sharp slump in new orders. A private survey highlighted similarly dire conditions.

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What on earth is he up to now? Anyway, Hunter will be a major issue.

Romney To Vote For Subpoena Seeking Hunter Biden Ukraine Records (Pol.)

Sen. Mitt Romney will vote in favor of a subpoena seeking records about the work Joe Biden’s son Hunter did for the Ukrainian energy firm Burisma, a spokeswoman for the Utah Republican said on Friday. Romney’s decision comes after several days of expressing dismay over the Senate Homeland Security Committee’s investigation targeting the Bidens, even suggesting on Thursday that the panel shouldn’t even be looking into the issue. But after securing certain commitments from the committee’s chairman, Sen. Ron Johnson (R-Wis.), Romney has decided to support the subpoena when the panel votes on it next Wednesday — all but ensuring it will be issued. “Senator Romney has expressed his concerns to Chairman Johnson, who has confirmed that any interview of the witness would occur in a closed setting without a hearing or public spectacle,” Romney’s spokeswoman Liz Johnson said.


“He will therefore vote to let the chairman proceed to obtain the documents that have been offered.” Romney has said in recent days that the committee’s investigation into the Bidens has the “appearance” of being politically motivated, given Biden’s resurgence in the Democratic presidential primary. Romney was the only Republican who voted to convict President Donald Trump in his impeachment trial last month, saying he believed Trump violated his oath of office when he pressured the Ukrainian government to investigate the Bidens. “There’s no question the appearance is not good,” Romney told reporters on Thursday, later adding: “I would prefer that investigations are done by an independent, nonpolitical body.”

Read more …

The Trump campaign would be willing to spend bigly to make Biden the Dem candidate. But they get him for free. Then again, the Dems can’t be dumb enough to run with him, can they?!

Biden Racks Up Endorsements As Sanders Goes On The Attack (R.)

Two former presidential rivals endorsed Joe Biden on Friday in the latest sign that the Democratic establishment is coalescing around the former vice president to stop the candidacy of Bernie Sanders, who ratcheted up attacks on his rival ahead of crucial contests next week. Former Massachusetts Governor Deval Patrick and John Delaney, a former Maryland congressman – both onetime 2020 candidates – backed Biden, as did a slew of other Democratic officials in states soon to hold nominating contests. Sanders, who is desperate to regain some momentum after Biden’s strong ‘Super Tuesday’ showing this week, launched a full-throated attack on his rival, assailing Biden over his record on trade, abortion, gay rights and Social Security.

The pair contest six Democratic nominating contests on Tuesday, including the big prize of Michigan, with 125 of the 1,991 delegates needed to win the nomination at stake. Sanders, a U.S. senator from Vermont who was until recently the front-runner in the party’s race to face Republican President Donald Trump in November, now trails in delegates. A big win for Biden in Michigan would deliver another major blow to Sanders’ hopes of becoming the nominee. Ahead of Michigan’s primary, the state’s lieutenant governor, Garlin Gilchrist II, backed Biden, as did part of the state’s United Food and Commercial Workers Union, and former U.S. Senator Carl Levin. Four other states will hold primary elections on Tuesday: Idaho, Mississippi, Missouri and Washington state. North Dakota will hold caucuses.

At a news conference in Phoenix, Arizona, on Friday, Sanders dug deep into Biden’s 40-year record. He criticized Biden for having opposed the rights of gay people to serve in the U.S. military and for voting against federal funding for abortions, stances the former vice president has since rejected. “I was there on the right side of history, and my friend Joe Biden was not,” Sanders said. Sanders also lambasted Biden for supporting trade deals he said had been “a disaster for Michigan” and accused Biden of trying in the past to cut Social Security, the government-run pension and disability program. Biden, who denies ever advocating cuts to Social Security, snapped back in a tweet on Friday: “Get real, Bernie. The only person who’s going to cut Social Security if he’s elected is Donald Trump. Maybe you should spend your time attacking him.”

Warren’s exit meant that what had been hailed as the most diverse field of candidates in U.S. history narrowed to a race for the nomination between two white, septuagenarian men. Tulsi Gabbard, a congresswoman from Hawaii with virtually no chance of winning, is the only other remaining Democratic candidate. On Friday, the Democratic National Committee, which oversees the party’s presidential debates, released new qualifying thresholds for the next debate in Arizona on Mar. 15. Candidates will need at least 20% of delegates awarded so far, essentially excluding Gabbard, who has won less than 1 percent.

Read more …

No report will be accepted that doesn’t call the crew incompetent. If they had been American, they’d be labeled heroes.

Ethiopian Draft Report Blames Boeing For 737 MAX Plane Crash (R.)

A draft interim report from Ethiopian crash investigators circulated to U.S. government agencies concludes the March 2019 crash of a Boeing 737 MAX was caused by the plane’s design, two people briefed on the matter said Friday. Unlike most interim reports, this one includes a probable cause determination, conclusions and recommendations, which are typically not made until a final report is issued. The U.S. National Transportation Safety Board has been given a chance to lodge concerns or propose changes, the people said, declining to be identified because the report is not yet public.

[..] According to Bloomberg News, which first reported the contents of the interim draft, the conclusions say little or nothing about the performance of Ethiopian Airlines or its flight crew and that has raised concern with some participants in the investigation. The Ethiopian interim report contrasts with a final report into the Lion Air crash released last October by Indonesia which faulted Boeing’s design of cockpit software on the 737 MAX but also cited errors by the airline’s workers and crew. Ethiopian Airlines flight 302 crashed in an open field six minutes after take-off from Addis Ababa, the Ethiopian capital, killing 157 passengers and crew. The Boeing 737 MAX has been grounded worldwide for nearly a year after the two fatal crashes.

Under rules overseen by the United Nations’ Montreal-based aviation agency, ICAO, Ethiopia should publish a final report by the first anniversary of the crash on March 10 but now looks set to release an interim report with elements that would normally be included in the final report.

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Russia prohibits itself from a first strike. The US does not.

Starting A Nuclear Conflict Now ‘A Political Option’ For US – Moscow (RT)

The US is expanding its nuclear capability with new types of low-yield weapons, and Moscow believes US strategists now consider launching a nuclear strike as a viable option in a conflict. The US has made adjustments to its nuclear posture and has been introducing low-yield nuclear warheads to its arsenal, including those that can be launched from submarines. Russia sees such developments with great concern, the spokesperson for the Russian Foreign Ministry Maria Zakharova told journalists on Friday. The developments make Moscow believe that the American leadership “has made a decision to consider a nuclear conflict as a viable political option and are creating the potential necessary for it.”


She rejected US justification of the upgrade by pointing the finger at Russia, and called on Washington to adhere to nuclear non-proliferation and reduction goals, saying that the path of “unrestricted growth of military strength,” which it was pursuing, was “a road to a dead end”. Unlike Russia, the US never made a formal commitment not to be the first to use nuclear weapons in a conflict. Russia’s nuclear doctrine says it may use nuclear weapons in response to a conventional attack that threatens the existence of Russia as a sovereign state, but otherwise the nuclear option would only be used in response to an attack with weapons of mass destruction.

Read more …

Erdogan aims to use his Russian contacts against the US, and vide versa. He now lost Russia, Putin will never allow him his Idlib sanctuary for terrorists. So expect him to fly to Washington soon.

Ceasefire In Syria’s Idlib Comes At A Cost For Turkey’s Erdogan (R.)

After six hours of talks with Vladimir Putin, a somber Erdogan announced an accord which cements territorial gains by Russian-backed Syrian forces over Turkish-backed rebels. Returning from Russia, Erdogan said his deal with Putin will lay the ground for stability in Idlib and protect civilians who could otherwise become refugees in Turkey, after months of fighting that has displaced nearly a million people. “The ceasefire brings about important gains,” he said. The agreement, if it holds, does stem the advances of forces loyal to President Bashar al-Assad, easing Ankara’s greatest fear – an influx of Syrians fleeing bombardment in Idlib and clamoring to cross its border and join 3.6 million Syrian refugees already in Turkey.


But by freezing the front lines, and agreeing joint Russian-Turkish patrols on a major east-west highway running through Idlib, the deal consolidates Assad’s recent battlefield victories and allows Russia to deploy deeper into Idlib than before. “The Syrian army was stopped, but not repelled. That is perhaps Turkey’s biggest loss,” said Ozgur Unluhisarcikli of the German Marshall Fund. Assad’s progress in weeks of fierce combat includes taking full control of the other main highway running through Idlib, the north-south road linking the capital Damascus to Aleppo and other important Syrian cities. In Moscow, Thursday’s deal was widely seen as a triumph for Putin and Assad at Erdogan’s expense. “The agreement is unexpectedly more favorable to Russia and Damascus…,” said former pro-Putin lawmaker Sergei Markov. “Russia is winning on the battlefield and that’s why it’s winning on the diplomatic front.”

Read more …

 

An odd couple for many. But Tucker, other than RT, is the only one talking to Roger Waters.

 

 

 

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Feb 202020
 


Saul Leiter Man with flowers, NY 1950s

 

A few days ago, I was thinking of writing another corona article, focusing on two things: 1) the ease and speed with which the virus spreads -because I think that is hugely underestimated-, and 2) testing. But then the situation with the two cruise ships started going berserk.

I had intended to use the Diamond Princess as a case for the ease and speed of infection, but it became clear quite rapidly that you can’t use the ship to prove any case, other than that people are completely nuts. But we already knew that. And while Dostoyevsky wrote some great books on the topic, it’s not a great framework for a piece on a virus. Unless perhaps if it infects the brain.

Not that I don’t think the ship is still a good example to make the point, but too much plain bonkers stuff has been going on with and around it. The quarantine, the evacuations, the infection numbers, you name it. I’ll get to the testing later, that was/is a whole other chapter.

A problem, if you’re me, with letting an essay simmer for a bit, is that ever more sources start accumulating, until there’s too many to either comprehend or use in an effective way. First thing to do is not to wait another day. Let’s start with 1) The ease and speed with which the virus spreads, aka transmissibility,, and see where we land.

 

1) The ease and speed with which the virus spreads

People continue to have this idea that COVID19 isn’t all that bad, yada yada, an “analysis” crowned by the comparisons to seasonal flu. Which make no more sense then to compare it to bovine flatulence. Stop it.

The way and extent the virus was spreading aboard the Diamond Princess became clear before the evacuation efforts. The US government, and others, were watching it happen, and pulled the plug. What the Japanese were doing and thinking is less clear. It’s sort of fun to see Washington refrain from calling Tokyo on it, best allies and all, but it makes you think at the same time.

So if using the Diamond Princess is not a good example, we need to look elsewhere. This Feb 16 Zero Hedge graph of infections outside China might be a good start. Whether it represents an exponential or a quadratic function is sort of an inside joke by now, but it’s clear enough in either case.

 

 

Even more obvious perhaps is this from the South China Morning Post (SCMP):

Coronavirus Up To 20 Times More Likely Than Sars To Bind To Human Cells

The deadly new coronavirus is up to 20 times more likely to bind to human cell receptors and cause infection than severe acute respiratory syndrome (Sars), a new study by researchers at the University of Texas at Austin has found. The novel coronavirus and Sars share the same functional host-cell receptor, called angiotensin-converting enzyme 2 (ACE2).

The report, published on the website bioRxiv on Saturday, said the new coronavirus had around 10 to 20-fold higher affinity – the degree to which a substance tends to combine with another – for human ACE2 compared with Sars. But the researchers added that further studies were needed to explore the human host-cell receptor’s role in helping the new virus to spread from person to person.

“Compared with SARS-CoV, 2019-nCoV appears to be more readily transmitted from human to human,” the report of the study said. “The high affinity of 2019-nCoV S for human ACE2 may contribute to the apparent ease with which 2019-nCoV can spread from human to human.”

The ACE2 receptor has already been reported as being much more prevalent among Asian people, but please don’t presume the buck stops there. Non-Asians have them as well, and we’re not even sure what role they play, or if fewer of them would protect you from being infected. Allegedly, smokers have more ACE2 enzymes as well. As do older people.

Another transmissibility example is the death of an entire family in Wuhan:

Virus Kills Chinese Film Director and Family in Wuhan

A Chinese film director and his entire family have died from the novel coronavirus in Wuhan, the epicenter of the outbreak. Chang Kai, a film director and an external communications officer at a Hubei Film Studio subsidiary, died in hospital on Feb. 14 from the virus now called COVID-19, according to a statement from the studio. He was 55.


But Chang’s death was not the first in his family—the Chinese media reported that Chang’s father and mother were infected and died one after the other. Chang and his sister, who looked after their parents at home, were both infected with the virus as a result. His sister died just hours later. Chang’s wife is also infected, still alive, and is still battling the virus in an intensive care unit.

But everything above loses most of its meaning compared to the following, also from the South China Morning Post. You might want to sit down for this one.

Until now, ‘accepted knowledge” is that the first death from COVID19 was registered on January 9 2020, a 61-year old man in Wuhan. And that the incubation time for the virus was maximum 14 days – hence the 2-week quarantines everywhere. No more.

The government of Xinxian county, in the city of Xinyang, on Sunday reported that one of its new cases had been confirmed 34 days after the patient returned from a mid-January visit to Wuhan.

He had been sent to hospital with suspected symptoms on January 28, but twice tested negative before testing positive on February 16. A further two people who attended family gatherings with the man in Xinxian were reported as infected, while three were suspected cases or under hospital quarantine.

The county government announced it would extend the home quarantine period from 14 to 21 days for residents who had been to Hubei or had contact with people who had been there.

It also reported a case that was confirmed 94 days after the patient’s contact with a relative from Hubei. The patient had taken care of his father-in-law, who arrived from Wuhan on November 13 and died days later.

The son-in-law continued to stay in the father-in-law’s house until January 31. However, the government statement said the origin of the son-in-law’s infection had yet to be identified. Zhuhai, in the southern Guangdong province, last week reported two cases with incubation periods longer than 14 days. Similar cases have also been reported in Anhui and Shandong provinces.

This potentially pushes back the first known case to November 13 2019 and the first known death to November 13 and change. “Died days later”. Shall we say 4-5 days? That means the first fatality was November 17-18. While incubation time may have been pushed forward to 94 days.

 

 

 

 

2) Testing

The most important term coming out of the coronavirus news, going forward, will be “false negative”. Closely followed by “asymptomatic”. There are tons of stories about people testing negative 2-3-4- times before testing positive. And also tons of stories about people with no symptoms infecting others. It’s all about the things you don’t see.

The Chinese had it about as wrong as can be early on, and knee-jerked into the Party deny and hide mode. They have it right now, though: the only way to keep the virus from spreading is to limit contact between people, even if that may seem to reach extreme proportions. If there is no vaccine, there is no other way. But if it’s just the Chinese that do isolation, that solves nothing.

When I first read that the passengers of the Holland-America Line cruise ship Westerdam had been allowed to leave the ship when it landed in Cambodia a week ago after, I think, 9 days of floating around aimlessly, I thought this was a “Go Forth and Multiply” message for the virus. Second thought was: who’s in charge here? Still wondering about that one.

The Westerdam had 2,257 people on board, 1,455 passengers and 802 crew. They were not allowed to dock anywhere after a man who had gone off board in Hong Kong tested positive. As we speak, some 255 passengers and 747 crew members are still being held on the ship while further testing was conducted. That means 1,200 passengers and 55 crew have left the ship. Cambodia let lots of them fly to Malaysia, and they flew all over from there.

And only then did they discover an 83-year old American woman who had already flown to Malaysia had tested positive. The ship had a lot of Americans (400?) , Canadians and Dutch people on board. Where did they go? Mostly home, of course. And now all those countries are scrambling to locate these people. Even if they do, who have they infected in the meantime? They’ve been in close proximity to others, like on planes.

And, again, who’s in charge? Did the Holland-America people, and the Cambodian government, keep in constant touch with the WHO and the Chinese? Would it have made any difference if they did? Or is it as bad as it seems, a Wild East sort of set-up with everyone fending for themselves?

What are the odds that someone in the Cambodian government now has a new offshore bank account with $10 million in it, in a deal made before the 83-year old American woman tested positive, in exchange for letting the ship dock and making sure the passengers would leave ASAP?

 

Hard as it may seem to imagine, the Diamond Princess may be, and have been, even more of a mess than the Westerdam. Someone said: “it was a mess on board, and the mess is now moving off board”. And now we have the first 2 fatalities from the ship.

Diamond Princess: everyone confined to their cabins, little interaction, but still in the past week numbers of new infections have exploded, with many dozens of new cases every day. So now we have a total of what, 500-600 new infections ever since the US said: enough!

Why were they, why were larger numbers, not discovered earlier? Well… There were 3,711 people on board. 5-6 days ago, 10-12 days after the first positive test, 1,219 had been tested. Which means that after 10+ days of quarantine, less than a third had actually been tested. As of Monday, 2,404 passengers and crew, out of the 3,711, had been tested. That still left 1,300. Many of whom are now gone.

The remaining 61 American passengers on the Diamond Princess who opted not to join the evacuation will not be allowed to return to the US until March 4, according to the American embassy in Tokyo.

Undoubtedly some logic behind the lack of testing until recently will be offered by Tokyo, but you must wonder how many of the 542 new cases of the last four days had been tested at all, and how long some of them had been infected, probably without showing any signs. For instance, the 14 cases on the flights to the US this week were all asymptomatic virus carriers. All of them, according to official channels.

And now we read that Japan has no intentions of quarantining its citizens who were on board the Diamond Princess:

Earlier in the week, the United States evacuated more than 300 nationals on two chartered flights. A State Department official said there were still about 45 US citizens on board the cruise ship as of Thursday. Americans flown back will have to complete another 14 days quarantine, as will returning Hong Kong residents. Disembarked Japanese passengers, however, face no such restrictions, a decision that has sparked concern.

One more thing, then I’ll stop. Zero Hedge a few days ago quoted a Taiwan Times article saying people can be infected multiple times. And be worse off for it. A first infection leaves your immune system ravaged, and combined with the damage caused by the medication taken, can make you helpless against a second attack.

Chinese Doctors Say Wuhan Coronavirus Reinfection Even Deadlier

Doctors working on the front lines of the novel coronavirus (COVID-19) outbreak have told the Taiwan Times that it’s possible to become reinfected by the virus, leading to death from sudden heart failure in some cases. “It’s highly possible to get infected a second time. A few people recovered from the first time by their own immune system, but the meds they use are damaging their heart tissue, and when they get it the second time, the antibody doesn’t help but makes it worse, and they die a sudden death from heart failure.. ”


“The source also said the virus has “outsmarted all of us..” [..] “It can fool the test kit – there were cases that they found, the CT scan shows both lungs are fully infected but the test came back negative four times. The fifth test came back positive.” -Taiwan Times

We will now start to see the economic effects (you haven’t seen anything yet in that regard). More on that later. Rule of thumb: companies have 1-2 weeks of supplies in stock. Just-in-Time. Then they need more delivered. But the Chinese economy is on its last legs. Please don’t think it’s about Apple or some other major company. This is about a million smaller companies and (chain) stores in the west. What was it, 80% of US drugs come from China? Or was that just antibiotics?

There are ways to minimize the damage a virus can do. Mankind as a whole, in the places where the proverbial chain literally is as strong as the weakest link, has not minimized it. Instead it has told the virus: “Go Forth and Multiply”. Prepare accordingly. If we’re lucky, this will die down and pass. But that’s the problem: it’ll happen only if we’re lucky, not because we’ve done all we know we could.