Coronavirus Central

CV Central - 3/27/2020 - "What Covid means for the human economy, key fault lines revealed"

Coronavirus Central
CV Central - 3/27/2020 - "What Covid means for the human economy, key fault lines revealed"
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The fortieth episode looks at the second part of the health equation which is to delve into why the economic problem is so bad.  After a quick review of drug shortages, an exploration of a different pathway by which the coronavirus is harming people, and a glance into Russia getting sick and Italy having dead whose numbers are rising sharply in one town without an attributed reason, we look at the pending policy bill.  A pork-laden monstrosity that is conceived reactively as just another response in an unending line of new debts, it fails to solve the basic question of how to keep people whole and stop people from moving for a time sufficient to stamp out Covid.  The rush to satisfy debt versus public health means a bill not so concerned with ventilators, PPE, and medical support as it is inadequate loans, heavy bureaucracies, and promising a bigger problem later for many people.  We see 3.3 million Americans unemployed this week as the first harbinger of many more to come.  Inability to pay rent, then to pay mortgages, and then to pay lenders comes forward as small businesses shutter.  How does agriculture hold up especially with a severely at risk population for both spread and contamination in close quarters outside legal status still out there?  Absent these answers, we see truckers avoiding NYC, people in northern Michigan telling city folks to stay home, and Texas now quarantining people coming from hot spots being quarantined or heavily fined and incarcerated.  All this in a battle between finance, debt, and control, with economy, assets, and scarcity on the other side as people make rational health decisions toward safety, something our government seems to struggle on all sides to understand.

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Links:
Latest statistics: https://covid19info.live/
Case sources: https://bnonews.com/
Covid-19 news: http://covidreport.net/

Russia passes 1,000 cases: https://www.themoscowtimes.com/2020/03/27/russias-coronavirus-cases-surpass-1000-in-biggest-one-day-jump-a69710

Bergamo Mayor reports on dead found at home without formal cause given: https://www.euronews.com/2020/03/21/italian-mayor-claims-the-true-death-toll-from-covid-19-likely-to-be-much-higher

Covid entering through C147 pathway study: https://www.biorxiv.org/content/10.1101/2020.03.14.988345v1

Additional documentation on alternatives to ACE-II pathway infection: https://sanchakblog.wordpress.com/2020/03/18/are-we-barking-up-the-wrong-tree-with-respect-to-ace2-does-sars-cov2-use-cd147-as-a-receptor-as-a-chinese-study-stated/

Ongoing list of drug shortages: https://www.ashp.org/Drug-Shortages/Current-Shortages/Drug-Shortages-List

Forbes report on unrelated spending barreled into the coronavirus stimulus: https://www.forbes.com/sites/adamandrzejewski/2020/03/26/is-there-wasteful-spending-in-the-coronavirus-stimulus-bill/#5f19b04e60ae

Corporate bailouts and insider trading expected features: https://www.reuters.com/article/us-health-coronavirus-white-collar/u-s-corporate-crisis-bailouts-may-prove-bonanza-for-insider-trading-new-study-warns-idUSKBN21D1AS

Bureau of Economic Analysis: US GDP by Industry: https://www.bea.gov/system/files/2020-01/gdpind319.pdf

Bureau of Labor Statistics: Workers by Industry: https://www.bls.gov/emp/tables/employment-by-major-industry-sector.htm

3.3 million file unemployment claims last week: https://www.cnbc.com/2020/03/26/weekly-jobless-claims.html

Analysis of how high unemployment may rise and problems which may result: https://nymag.com/intelligencer/2020/03/how-high-will-unemployment-go-weve-only-seen-the-start.html

Cascading problems of rent, mortgage, and lending with uncertain response: https://www.curbed.com/2020/3/24/21191545/coronavirus-stimulus-rent-housing-apartment

Small business in big trouble: https://abcnews.go.com/Politics/small-businesses-face-nightmare-cash-crunch-coronavirus-pandemic/story?id=69779601

Migrant labor and what it means for health risks and food supply: https://www.eater.com/2020/3/26/21194074/coronavirus-risk-farm-workers-farmers

Truckers starting to avoid NYC: https://www.bloomberg.com/news/articles/2020-03-26/truckers-wary-of-new-york-deliveries-create-headache-for-grocers

Northern MI seeks Detroiters and others to stay away: https://www.bridgemi.com/quality-life/northern-michigan-downstate-residents-stay-home-during-coronavirus

Texas is putting mandatory self-quarantines with punishment on incoming travelers from most heavily hit regions: https://www.texastribune.org/2020/03/26/texas-orders-self-quarantine-air-travelers-new-york-and-new-orleans/


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