Economy
Globalization – A sneaky overview (Afridev)
Consider the hypothetical case of an economy with annual GDP of 5 trillion US dollars, the broad economic dynamics of which are the subject matter of this exploration.
The hypothetical country whose economy we analyse here is named AB, because its internal economy is composed of two distinct components A and B. The total population of AB is 100 million, but only about 2% of it belongs to B; the rest of it belongs to A. For the ease of dealing with round numbers, we shall say that A and B have populations of 100 million and 2 million respectively.
Coronavirus Pummels Wuhan, a City Short of Supplies and Overwhelmed (Sparky1)
Weak with fever, An Jianhua waited in line for seven hours outside the hospital in the cold, hoping to get tested for the new coronavirus, which doctors suspected she had contracted.
Ms. An, 67, needed an official diagnosis from a hospital to qualify for treatment, but the one she and her son raced to last week had no space, even to test her. The next hospital they were referred to here in Wuhan, the city of 11 million people at the center of the outbreak, was full, too, they said. They finally got an intravenous drip for Ms. An’s fever, but that was all.
Zerohedge Suspended On Twitter (Thomas R.)
Just as in the prior bans, which were eventually overturned, it is unclear what prompted Twitter’s abrupt censorship: the only notification we received from twitter was the following:
It is news to us that this website has (ever) “engaged in the targeted harassment of someone.”
Symptoms of coronavirus: what to look for, who to contact if you get sick and how to treat it (Thomas R)
China’s mystery new coronavirus is spreading fast. At least 17,000 people are known to be infected and at least 360 deaths have been recorded.
The bulk of cases have been confined to China but the virus is spreading further afield. So far cases have been confirmed in more than 20 countries, including the UK, France, Germany, Italy, Australia and the United States.
China’s virus response has been ‘breathtaking’ (Afridev)
President Xi Jinping formally told WHO head Tedros Ghebreyesus, at their meeting in Beijing earlier this week, that the coronavirus epidemic “is a devil and we cannot allow the devil to hide.”
Ghebreyesus for his part could not but praise Beijing for its extremely swift, coordinated response strategy – which includes fast identification of the genome sequence. Chinese scientists have already handed over to Russian counterparts the virus genome, with snap tests able to identify it in a human body within two hours. A Russia-China vaccine is under development.
02/02/2020 is World Palindrome Day; last one was 909 years ago (Thomas R.)
The date is a numerical palindrome: the same when read forward and backward.
Sunday is 02/02/2020: in both the “Month/Day/Year” or “Day/Month/Year” format.
China Arrested Doctors Who Warned About Coronavirus Outbreak. Now Death Toll’s Rising, Stocks Are Plunging. (Thomas R.)
The new coronavirus that has spread consternation around the world over the last few weeks has now killed more people in China than the SARS epidemic of 2002-2003. China’s health commission reported Sunday that there were 361 deaths nationwide. During the SARS outbreak, 349 people died in mainland China and 774 altogether around the world. The Chinese stock markets took major hits Monday, and the whole nation feels its growing isolation.
Bats, Gene Editing and Bioweapons: Recent Darpa Experiments Raise Concerns Amid Coronavirus Outbreak (Afridev)
In recent weeks, concern over the emergence of a novel coronavirus in China has grown exponentially as media, experts and government officials around the world have openly worried that this new disease has the potential to develop into a global pandemic.
As concerns about the future of the ongoing outbreak have grown, so too have the number of theories speculating about the outbreak’s origin, many of which blame a variety of state actors and/or controversial billionaires.
Mayo Clinic doctor: Coronavirus is ‘basically at a pandemic now’ and should be treated as such (redinr08)
Dr. Gregory Poland, director of Mayo Clinic’s Vaccine Research Group, told CNBC on Monday that the fast-spreading coronavirus is nearing pandemic status.
“We’re basically at a pandemic now,” said Poland, regarding the deadly virus, which has currently been labeled as an epidemic.
Stock market news live: Markets rebound as coronavirus rocks China; Google jumps on Q4 earnings beat (Thomas R.)
U.S. stocks recovered some losses after a sell-off Friday that sent the Dow lower by 600 points. Equities in China, however, tumbled after an extended Lunar New Year holiday.
Google parent company Alphabet (GOOG, GOOGL) reported its fourth quarter earnings — the first since Sundar Pichai took over from Larry Page and Sergey Brin — after the closing bell on Monday.
Here’s how a top hedge fund manager says investors should prepare for ‘soberingly low’ returns (Thomas R.)
The threat of the spreading coronavirus has once again grabbed the headlines. Chinese markets plunged on Monday but not as much as feared as the country cushioned the blow with measures to stabilize the economy. After slumping on Friday to end a horrid January for U.S. stocks, the three main indexes climbed on Monday as positivity returned despite the death toll from the virus rising.
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