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"We're helpless until there's a cure!"
Wrong.
Technically, we don't need a cure if close contact between people (including touching surfaces like the buttons of an ATM or the keyboard of a public computer) is reduced to zero. It may look to some like nature is trying to doom us all, but it's left us a perfectly easy way out: stay home!
Alas, matters are complicated through
This is not easy. There are always those who cannot escape infection, no matter how hard they try. But if those of us who can afford to stay home literally do so, even the younger ones who--supposedly--are less likely to die from Corona, we can keep the number of available hospital beds sufficient for those who need them.
It saddens me to see that kids had "Corona parties" in my country, to "celebrate" the good life one more time right before our national "pub lockdown". Some of those have now been reported as fighting for their lives in IC. What's even worse, because they are young and have a higher likeliness of survival than, say, an 80-year old, very soon the latter may not even be hospitalized anymore to save space for the former. If it were your granddad or grandma being refused access to the IC because of 18-year olds you then learn pretty much begged to be infected through their endless stupidity, how would that feel?
That's very good news, sir.
https://www.bbc.com/news/business-52050426
As feared, the global economy will be left in very, very bad shape from the coronavirus.
I know very little about all things economy, so I want to ask the room.
Thank you in advance for answering my questions.
These are questions that I wish @bondjames would answer (his insight on economic matters is always interesting), but he hasn't posted in over a year.
http://www.comicbox.com/index.php/articles/coronavirus-covid-19-et-comics-etat-des-lieux-au-19-03-2020/
Oh, and Covid-19 is also the reason I haven't been able yet to update the TV Alerts post, because I haven't been able to go and buy my TV programme this week. Maybe next week, we'll see.
Oh, and go to this site :
https://www.sandringham-hotel.com/
There's a LiveCam from St. Mary's Street, where the hotel is located. I haven't seen it this empty before (and I've been there three times already).
I think even economists would disagree on any answers. That’s the strange thing about economics.
Yes that’s my impression too. The news focuses on the obvious exceptions (jammed tube trains etc) but wherever I go I see people following the guidance.
The mood here seems more sombre, and less panicky, than last week too. More of a genuine Blitz spirit perhaps (rather than the whipped-up false Blitz spirit beloved by nationalistic politicians). The mood seems grim, and serious, and focussed.
I think the news about the new hospitals may have helped. Those conference centres being converted into super-hospitals. Perhaps it’s dawning on people that this is serious, it is not made-up, it is not an overreaction, and that either they themselves or someone they know might die.
Edit: I originally said morgues, not hospitals!
Give our regards to Morton Slumber.
2) Extremely slow come back due to a continued hoarding of wealth.
3) Impact could have been lessened with more money flowing & not locked away in bank accounts, but yeah, it's basically unavoidable in our current economic model.
Thanks, @chrisisall. That's very clear.
Make my day.
1. by definition yes. Either that, or there will be no better times.
2. The worst-case scenario is that the virus keeps on 'hopping' from country to country. deminishing or destroying economies that try to ressurect themselves. Take China as an example: with only 5000 people still in care and no new cases through community spread the tens to hundreds new cases are all from oreigners coming rom the USA and Europe. China seems to have this under control, but international flights will be halted or the time beeing. Still, they seem to have it in control which would at least diminish the chances of this worst-case scenario. However, another (political) (trade)war between VChina and the US, or Iran, would certainly make things worse. And these are just a few of the hundreds of variables playing a role here.
3. The aster the virus is under control, the easier it is for an economy to take a hit. Economies florish in certainty/stability and prospect of growth. You invest your last dollars in your company when the risk seems worth the gain. Ater ten years of growth you'd think people would've saved enough, but that's not how people think. With ten years of stability they're ar more inclined to take risks (borrow money) as the return seems certain. Take the shoal industry in the US. afak they need an oil price of at least 40 dollars/barrel to cover the costs. They made the US the biggest oil producer in the world. Apart from oil prices crashing because of a lack of demand now, Saoudi-arabia and Russia decided to start a price war and hike the production, pushing the prices lower and lower. The American industry is completly financed for billions by banks. They'll have to take tremendous losses if this lasts for more than a couple of months.
Sorry, I digress. In short, could it have been avoided if all governments had acted faster? Yes. If China hadn't downplayed it, it might not even have left Wuhan. If all other countries had immediately quarentined anyone who'd been in that region from januari onwards, the numbers would've stayed in the thousands, max. Especially if social distancing had been applied immediately. Yes, the economy would've had a bit of a dent, but with the prospects of quick containment most would never have nown, and the US unemployment wouldn't have jumped rom a historic low to a historic high like it's doing now (and this is only the start).
Sorry, I read scores of stuff every day, I don't compile lists. I commit to memory what seems reputable, and form a holistic opinion based on a mental cross reference of those many sources. This is not an academic exercise to me- I have a Son who is immune-compromised. Sure you understand.
Worst case scenario - the global economy of the world collapses (which looks like where we are heading to), because the dollar collapses (very likely, given the increasing tragic story unfolding in the US), and the dollar is what the global market is set to. Banks inevitably then collapse too.
What happens then? Who knows. A new global currency could be enforced. Maybe a crypto currency like Bitcoin, that every country adheres to because each currency has been devalued so much, its not worth the paper its printed on.
Maybe this is natures way of rebooting the planet. We will all change our values to each other once this is over, I'm sure of it. The world will be a very different place once we are through to the other side (probably a lot cleaner too).
Hmm, I thought he said it wasn't that bad, sort of flu. Let's see what happens. Earnestly though, I hope his symptoms won't get worse. But I understand he started with mild ones yesterday, so in a week we'll know how bad it will get.
Now Hancock has it! pretty clear that the Westminster bubble was not practicing what it preached
Thank you for that, @jetsetwilly.
And regarding the planet, let us indeed hope that only good things come from this.
The two just briefly look at each other with a "Well, so much for that!" glance, then immediately leave.
100 deaths reached on January 27th (18 days later).
500 deaths reached on February 5th (9 days later).
1,000 deaths reached on February 10th (5 days later).
5,000 deaths reached on March 13th (32 days later).
10,000 deaths reached on March 19th (6 days later).
15,000 deaths reached on March 23rd (4 days later).
20,000 deaths reached on March 25th (2 days later).
25,000 deaths reached on March 27th (2 days later).
As for the US, thy recorded 10,000 new cases yesterday, overtaking China to become the country with the biggest amount of infected people (85,762).