COVID-19 Coronavirus UPDATES, BANS, CLOSURES, ADVISORY, etc.

The travel ban and eliminating large gatherings is the correct protocol.


From QUARTZ website:

In 1918, the city of Phila,elphia threw a parade that killed thousands of people. Ignoring warnings of influenza among soldiers preparing for World War I, the march to support the war effort drew 200,000 people who crammed together to watch the procession. Three days later, every bed in Philadelphia’s 31 hospitals was filled with sick and dying patients, infected by the Spanish flu.

By the end of the week, more than 4,500 were dead in an outbreak that would claim as many as 100 million people worldwide. By the time Philadelphia’s politicians closed down the city, it was too late.

image.png

Proceedings of the National Academy of Sciences
A different story played out in St. Louis, just 900 miles away. Within two days of detecting its first cases among civilians, the city closed schools, playgrounds, libraries, courtrooms, and even churches. Work shifts were staggered and streetcar ridership was strictly limited. Public gatherings of more than 20 people were banned.

The extreme measures—now known as social distancing, which is being called for by global health agencies to mitigate the spread of the novel coronavirus—kept per capita flu-related deaths in St. Louis to less than half of those in Philadelphia, according to a 2007 paper in the Proceedings of the National Academy of Sciences.

The concept of “flattening the curve” is now a textbook public health response to epidemics, including the spread of Covid-19. Once a virus can no longer be contained, the goal is to slow its spread. Exponential growth in infections leaves health care systems struggling to handle the surge. But with fewer people sick at once (and overall), services aren’t overwhelmed and deaths diminish. This buys time for doctors to treat the flood of patients and researchers to develop vaccines and antiviral therapies.

But it wasn’t always this way, says Richard Hatchett, a physician and head of the Coalition for Epidemic Preparedness Innovations in London, who co-authored the 2007 paper. Social distancing interventions were not always trusted, he wrote in an email; they were widely ignored during flu pandemics in 1957 and 1968. But in the 2000s, several papers including Hatchett’s reanalyzed Spanish flu data to show the efficacy of distancing measures—and the US Centers for Disease Control and Prevention later incorporated them into their outbreak guidance.

The key to effective social distancing, though, is timing.

“I think the critical lesson from both the modeling and the historical work is that the benefits of multiple interventions are greatest if they are introduced early (before 1% of the population is infected) and maintained,” wrote Hatchett, who has also directed medical preparedness in the Obama White House. Distancing measures are less effective once more people have contracted the virus, especially in cases where the vast majority of people are not sick enough to need medical attention.

This outbreak is one of those cases. Only 19% of confirmed cases of Covid-19, the disease caused by the new coronavirus, become severely or critically ill, reports the CDC. Those with mild symptoms (or none at all) may easily pass the virus on to vulnerable people, particularly those who are older or have pre-existing health conditions. “You can compare the outcomes in Hong Kong, Singapore, and Taiwan, which used such interventions aggressively from the very start, with what happened in Wuhan and what is happening now in Iran and Italy,” wrote Hatchett. “There is no reason to expect the virus to behave differently in Europe and the US than it has in Asia.”

China and Italy may have waited too long; both were forced to take drastic steps weeks after the first cases were discovered. China’s government locked down nearly 60 million people in Hubei province while restricting travel for hundreds of millions of others. Now Italy is banning public gatherings and imposing travel restrictions for 60 million citizens, a first for a modern democracy.

In the US, these restrictions are just beginning. New York state has closed large gathering spaces and deployed National Guard to disinfect buildings and deliver food in a “containment zone” in New Rochelle just north of New York City.

But social distancing doesn’t have to be draconian. South Korea has adopted a modern version of the St. Louis model; the country never locked its citizens down or quarantined entire cities, but has still managed to slow the spread of the new coronavirus. In recent days, new infections have leveled off thanks in part to thousands of free daily tests and a coordinated government effort that closed schools, canceled public events, and supported flexible working arrangements. “Without harming the principle of a transparent and open society,” South Korea’s Vice Health Minister Kim Gang-lip told journalists in the South China Morning Post, “we recommend a response system that blends voluntary public participation with creative applications of advanced technology.”

There have been quite a few large events canceled or rescheduled in the last week. It really sucks if you are participating in or depending on the event for revenue but it will help put the breaks on spreading the virus.

My business has seen a tremendous loss in revenue. People are not traveling nearly as much right now. My adventures in airport Hell this week did not feel like it but the numbers don’t lie.
 
The travel ban and eliminating large gatherings is the correct protocol.


From QUARTZ website:

In 1918, the city of Phila,elphia threw a parade that killed thousands of people. Ignoring warnings of influenza among soldiers preparing for World War I, the march to support the war effort drew 200,000 people who crammed together to watch the procession. Three days later, every bed in Philadelphia’s 31 hospitals was filled with sick and dying patients, infected by the Spanish flu.

By the end of the week, more than 4,500 were dead in an outbreak that would claim as many as 100 million people worldwide. By the time Philadelphia’s politicians closed down the city, it was too late.

image.png

Proceedings of the National Academy of Sciences
A different story played out in St. Louis, just 900 miles away. Within two days of detecting its first cases among civilians, the city closed schools, playgrounds, libraries, courtrooms, and even churches. Work shifts were staggered and streetcar ridership was strictly limited. Public gatherings of more than 20 people were banned.

The extreme measures—now known as social distancing, which is being called for by global health agencies to mitigate the spread of the novel coronavirus—kept per capita flu-related deaths in St. Louis to less than half of those in Philadelphia, according to a 2007 paper in the Proceedings of the National Academy of Sciences.

The concept of “flattening the curve” is now a textbook public health response to epidemics, including the spread of Covid-19. Once a virus can no longer be contained, the goal is to slow its spread. Exponential growth in infections leaves health care systems struggling to handle the surge. But with fewer people sick at once (and overall), services aren’t overwhelmed and deaths diminish. This buys time for doctors to treat the flood of patients and researchers to develop vaccines and antiviral therapies.

But it wasn’t always this way, says Richard Hatchett, a physician and head of the Coalition for Epidemic Preparedness Innovations in London, who co-authored the 2007 paper. Social distancing interventions were not always trusted, he wrote in an email; they were widely ignored during flu pandemics in 1957 and 1968. But in the 2000s, several papers including Hatchett’s reanalyzed Spanish flu data to show the efficacy of distancing measures—and the US Centers for Disease Control and Prevention later incorporated them into their outbreak guidance.

The key to effective social distancing, though, is timing.

“I think the critical lesson from both the modeling and the historical work is that the benefits of multiple interventions are greatest if they are introduced early (before 1% of the population is infected) and maintained,” wrote Hatchett, who has also directed medical preparedness in the Obama White House. Distancing measures are less effective once more people have contracted the virus, especially in cases where the vast majority of people are not sick enough to need medical attention.

This outbreak is one of those cases. Only 19% of confirmed cases of Covid-19, the disease caused by the new coronavirus, become severely or critically ill, reports the CDC. Those with mild symptoms (or none at all) may easily pass the virus on to vulnerable people, particularly those who are older or have pre-existing health conditions. “You can compare the outcomes in Hong Kong, Singapore, and Taiwan, which used such interventions aggressively from the very start, with what happened in Wuhan and what is happening now in Iran and Italy,” wrote Hatchett. “There is no reason to expect the virus to behave differently in Europe and the US than it has in Asia.”

China and Italy may have waited too long; both were forced to take drastic steps weeks after the first cases were discovered. China’s government locked down nearly 60 million people in Hubei province while restricting travel for hundreds of millions of others. Now Italy is banning public gatherings and imposing travel restrictions for 60 million citizens, a first for a modern democracy.

In the US, these restrictions are just beginning. New York state has closed large gathering spaces and deployed National Guard to disinfect buildings and deliver food in a “containment zone” in New Rochelle just north of New York City.

But social distancing doesn’t have to be draconian. South Korea has adopted a modern version of the St. Louis model; the country never locked its citizens down or quarantined entire cities, but has still managed to slow the spread of the new coronavirus. In recent days, new infections have leveled off thanks in part to thousands of free daily tests and a coordinated government effort that closed schools, canceled public events, and supported flexible working arrangements. “Without harming the principle of a transparent and open society,” South Korea’s Vice Health Minister Kim Gang-lip told journalists in the South China Morning Post, “we recommend a response system that blends voluntary public participation with creative applications of advanced technology.”

upload_2020-3-12_12-59-23.jpeg


This graph illustrates both DieJager’s and Hogpatrol’s points regarding both capacity of hospitals and the dramatic decrease in infections related to using social isolation as a preventative measure.
 
One, if not the biggest problem in this country is the unwillingness of people to take precautions. The attitude that "It can't happen to me, I'm going to do what I want and not stay home" is going to cause more spreading of the disease. Granted, most of the hype is just that; media sensationalism which is just scaring people into a panic without hard facts to back it. But since when has the media cared about facts? Their M O is lies, half truths and innuendos.

As for travel and safaris, my two cents is to talk to outfitters and reschedule to next year. Don't take the chance of getting stuck somewhere or not being able to renegotiate travel plans. I think the longer this goes on, the more difficult it will be to work out problems. Airlines, facilities, outfitters and any business that relies on travelers is going to be adversely affected by restrictions on overseas travel. The govt is already implementing restrictions and depending on how covid spreads, they can and probably will increase. Play it safe, stay home and let this mess run it's course.
 
One, if not the biggest problem in this country is the unwillingness of people to take precautions. The attitude that "It can't happen to me, I'm going to do what I want and not stay home" is going to cause more spreading of the disease.

+1
 
One, if not the biggest problem in this country is the unwillingness of people to take precautions. The attitude that "It can't happen to me, I'm going to do what I want and not stay home" is going to cause more spreading of the disease. Granted, most of the hype is just that; media sensationalism which is just scaring people into a panic without hard facts to back it. But since when has the media cared about facts? Their M O is lies, half truths and innuendos.

As for travel and safaris, my two cents is to talk to outfitters and reschedule to next year. Don't take the chance of getting stuck somewhere or not being able to renegotiate travel plans. I think the longer this goes on, the more difficult it will be to work out problems. Airlines, facilities, outfitters and any business that relies on travelers is going to be adversely affected by restrictions on overseas travel. The govt is already implementing restrictions and depending on how covid spreads, they can and probably will increase. Play it safe, stay home and let this mess run it's course.

I would follow this advice before the chaos begins and nothing can be properly regulated. The course of the disease is currently unpredictable.

I live on the border between France and Germany near the french area that is most affected after northern Italy. Every day there are additional measures that limit our mobility and the number of sick people increases.
 
There are so many points that could be debated endlessly...

I think we all have opinions influenced on where we live. For those of you more heavily effected, absolutely do what you have to do to stay healthy! Let's just hope the coverage and precautions are reasonable based upon that severity, which will vary for every country/region. The illness shouldnt be downplayed, but hyping it up to the point of excess can be even more damaging in places that are doing that (only place I can speak to that being a fact is here in the US)

Hope everyone stays healthy and the effects on your businesses and safaris are minimal, or nonexistent!
 
"It can't happen to me, I'm going to do what I want and not stay home"

Yup just got a new Jeep Wrangler and the West Texas Mountain Lion Hunt will knot be cancelled...
I thrive on Panic and chaos...cheap gas and cheaper motel rooms...I don't work for the CDC...but we are staying at the Holiday Inn Express!!!
 
A derivative is a betting slip without any intrinsic value.
There is a whole universe of money (and hope) in it.
My goodness.

Derivatives can be great insurance. They can also be a great way for banks/financial institutions to speculate. Yes it is a bet where an institution tries to make a few basis points. The problem is the underlying contract. What happens when the music stops and there are no chairs left. ie: A year ago, Deutsche Bank had $49 trillion in derivatives*. Not sure where they are at the moment but probably not far off this number. Today Deutsche Bank has $11.4 billion in market cap**. What happens when a trader thinks his risk is covered only to find the market swung past his stop or uncovered his butterfly. What happens if Deutsche Bank is uncovered by a couple percent? What about 5%?

Here is an older article that just happens to deal with Deutsche Bank and derivatives.***



* https://www.investmentwatchblog.com/deutsche-bank-still-has-49-trillion-in-derivatives/

** https://ycharts.com/companies/DB/market_cap

*** https://seekingalpha.com/article/4046338-derivatives-explode-like-bomb
 
The State of Ohio just closed all schools for at least the next three weeks. This is getting crazy! Fortunately my two kids are in their late 20's and early 30's. This will be tremendously difficult for some of the guys I work with, with younger children.
 
Wheels- it would seem to be a good time to invest in the US markets but despite the virus related crash it would seem it’s still high related to previous years. One would still be investing at the top end (S&P 500). Do you think there’s still a non virus related correction coming into the market in the short term. I believe everything in economics is cyclical and don’t want to get in at the top. Would appreciate your Insight.

Victor,

I am not a professional. I am not recommending anything. I can only tell you what I have done and plan to do. Please do your own research.

Trump has done a fantastic job with the US economy, compared to the rest of the world. Last year we moved out of Global/International funds and into American funds only. We were in mid cap and small cap since that seemed to be the area with the most growth potential. As I mentioned earlier, In late January we sold 80% of the equities and put them in short term bonds. This virus concerned me that much.

At this point, I don't plan to move into the market until in forms a base. I probably won't buy much until the market moves above the 200 day moving average, and breaks out of the base. Following this strategy I won't buy at the optimal point. I also won't catch a falling knife. I generally follow trends. I tend to rely mainly on technical analysis and some on fundamentals. The good news is we still have great fundamentals in America.

I still think that the American economy is performing best of all the worlds large economies and plan to invest there when I make a decision. It could be the S&P500 or it could not.

All the best as you make your decisions.
 
I promise you, Italy does not have horrible healthcare.

Agree completely. There are a lot of subjective variables that go into these studies but compare Italy to USA here as an example.


https://worldpopulationreview.com/countries/best-healthcare-in-the-world/

France 1 65,129,728
Italy 2 60,550,075
San Marino 3 33,860
Andorra 4 77,142
Malta 5 440,372
Singapore 6 5,804,337
Spain 7 46,736,776
Oman 8 4,974,986
Austria 9 8,955,102
Japan 10 126,860,301
Norway 11 5,378,857
Portugal 12 10,226,187
Monaco 13 38,964
Greece 14 10,473,455
Iceland 15 339,031
Luxembourg 16 615,729
Netherlands 17 17,097,130
United Kingdom 18 67,530,172
Ireland 19 4,882,495
Switzerland 20 8,591,365
Belgium 21 11,539,328
Colombia 22 50,339,443
Sweden 23 10,036,379
Cyprus 24 1,198,575
Germany 25 83,517,045
Saudi Arabia 26 34,268,528
United Arab Emirates 27 9,770,529
Israel 28 8,519,377
Morocco 29 36,471,769
Canada 30 37,411,047
Finland 31 5,532,156
Australia 32 25,203,198
Chile 33 18,952,038
Denmark 34 5,771,876
Dominica 35 71,808
Costa Rica 36 5,047,561
United States 37 329,064,917
Slovenia 38 2,078,654
Cuba 39 11,333,483
 
I hope all the panic and fear mongering ends soon. Yes it’s a real thing but no it isn’t the start of the zombie apocalypse. I leave for RSA in September for my 2nd Safari, I have busted my ass for 5 years to pay for this trip and it’s going to be heart breaking if the media creates such a stir that I’m not able to go.
This crap has gotten out of hand. They cancelled the Houston Stock Show on the last day and assed out 100’s of kids who have been working their butts off all year. Not to mention the Seniors who just had their biggest and last show stolen from them. Its ridiculous.
Yes the Corona virus is real, yes some people have died but when put in perspective, say to the common flu, it’s not that big of a damn deal. Corona virus for the most part is effecting the elderly and infants or those with respiratory problems ultimately causing pneumonia and that where the deaths come in. Same as the common flu. This has a lot more to do with the media latching on to something to create mass hysteria and boost ratings. At least in the states, it didn’t get near the coverage until the Democrats jumped up and spun it to take a jab at Trump, then it took off.
You are spot on the media in this County along with the democrats are nothing but a big bucket of sh!! .
 
Victor,

I am not a professional. I am not recommending anything. I can only tell you what I have done and plan to do. Please do your own research.

Trump has done a fantastic job with the US economy, compared to the rest of the world. Last year we moved out of Global/International funds and into American funds only. We were in mid cap and small cap since that seemed to be the area with the most growth potential. As I mentioned earlier, In late January we sold 80% of the equities and put them in short term bonds. This virus concerned me that much.

At this point, I don't plan to move into the market until in forms a base. I probably won't buy much until the market moves above the 200 day moving average, and breaks out of the base. Following this strategy I won't buy at the optimal point. I also won't catch a falling knife. I generally follow trends. I tend to rely mainly on technical analysis and some on fundamentals. The good news is we still have great fundamentals in America.

I still think that the American economy is performing best of all the worlds large economies and plan to invest there when I make a decision. It could be the S&P500 or it could not.

All the best as you make your decisions.

I did about the same, but I was about a week behind you and I didn't totally offset with bonds. The impact on the market was pretty clear for several weeks, it was always a matter of timing, I was pretty close to catching just right. For me, that was mostly just a matter of luck.
 
You are spot on the media in this County along with the democrats are nothing but a big bucket of sh!! .

Narrowing it down to just media and Democrats is pretty simplistic. It has been a long widening of the chasm.

McConnell has really picked up where Gingrich left off in obstructionist governance. Pelosi and Schumer are near useless. The cognitive dissonance Mitch lives with is astounding.

Every year Congress scrapes by with the bare minimum of compromise to put together a budget. Sometimes we even get there without a shutdown.
 
Agree completely. There are a lot of subjective variables that go into these studies but compare Italy to USA here as an example.


https://worldpopulationreview.com/countries/best-healthcare-in-the-world/

France 1 65,129,728
Italy 2 60,550,075
San Marino 3 33,860
Andorra 4 77,142
Malta 5 440,372
Singapore 6 5,804,337
Spain 7 46,736,776
Oman 8 4,974,986
Austria 9 8,955,102
Japan 10 126,860,301
Norway 11 5,378,857
Portugal 12 10,226,187
Monaco 13 38,964
Greece 14 10,473,455
Iceland 15 339,031
Luxembourg 16 615,729
Netherlands 17 17,097,130
United Kingdom 18 67,530,172
Ireland 19 4,882,495
Switzerland 20 8,591,365
Belgium 21 11,539,328
Colombia 22 50,339,443
Sweden 23 10,036,379
Cyprus 24 1,198,575
Germany 25 83,517,045
Saudi Arabia 26 34,268,528
United Arab Emirates 27 9,770,529
Israel 28 8,519,377
Morocco 29 36,471,769
Canada 30 37,411,047
Finland 31 5,532,156
Australia 32 25,203,198
Chile 33 18,952,038
Denmark 34 5,771,876
Dominica 35 71,808
Costa Rica 36 5,047,561
United States 37 329,064,917
Slovenia 38 2,078,654
Cuba 39 11,333,483
United Kingdom : there they operate in ambulances because there are no beds available + the health system is ruined.
You have to go there.
These statistics are as ridiculous as anything else.

"According to the World Health Organization, a well-functioning healthcare system requires a steady financing mechanism"

Most of the above mentioned European countries are completely broke and then they have a better health system than Germany, Switzerland and the USA (two places before Cuba- at the end of the list) .
No further comment
 
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The CDC had about a month warning to get testing up and running. They completely failed. Expect cases in America to rise fast for the next 2-3 weeks as testing starts to capture the true number of infected in America.

Hopefully the CDC doesn't make another mistake like that. We can't afford it.



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The CDC had about a month warning to get testing up and running. They completely failed. Expect cases in America to rise fast for the next 2-3 weeks as testing starts to capture the true number of infected in America.

Hopefully the CDC doesn't make another mistake like that. We can't afford it.



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My concern isn’t that cases rise, it’s that people are not prepared for them to do so, meaning that I don’t think there is enough nuance in the data...no talk of recovered cases, understating why China, Korea, Iran, Italy seem to be outliers Based on the reported WHO numbers, and treating every other variable as if they don’t exist.
As far as testing, I do believe other countries have general testing, no? And we only have symptom-based testing? My wife’s hospital is setting up quarantine tents outside, but no one here is talking about mass testing at all. I don’t think we’ve ever done that in this country.
 
The State of Ohio just closed all schools for at least the next three weeks. This is getting crazy! Fortunately my two kids are in their late 20's and early 30's. This will be tremendously difficult for some of the guys I work with, with younger children.

I was on a call with one of DeWine's staffers this afternoon. They believe over 1% of their population is infected now, they have virtually no testing to this point.
 

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