Bloomberg Opinion Profile picture
Apr 26, 2020 11 tweets 6 min read Read on X
New Zealand Prime Minister Jacinda Ardern has imposed a lockdown unlike anything in the U.S.

As of Friday, the nation of 4.8 million people had 1,456 confirmed cases and only 17 deaths trib.al/izkPzPh
New Zealanders aren’t allowed to drive except in emergencies and can only be out of the house for an hour a day, to get exercise or to buy essentials.

This one-hour limit is enforced by the police trib.al/0joDceO Image
At the pharmacy, only one person is allowed in at a time, and clerks retrieve the goods so customers never touch anything until they return home.

The wait to get in a grocery store is around an hour. If you don’t have a mask and gloves, you won't get in trib.al/0joDceO Image
🇳🇿In New Zealand...

🚫Every restaurant is closed.
🚫There’s no take-out.
🚫There are no deliveries.
🚫E-commerce has been halted.

Food-processing companies still operate, but virtually every other form of blue-collar work is shut down trib.al/0joDceO Image
Citizens are surviving financially with emergency checks from the government.

Essential workers in New Zealand are truly essential. Although there are Covid-19 clusters — a church; a rest home; a wedding party — workplaces have largely been virus-free trib.al/0joDceO Image
🇺🇸Compare that with the U.S.:

✅Pork plants remain open.
✅Navy shipbuilders are still running.
✅Boeing is making employees come in.

Many "essential businesses" continue to run as if nothing were amiss trib.al/0joDceO Image
📦For FedEx and UPS, it's business as normal...

Except that Covid-19 cases keep popping up. In Houston alone at least 25 package workers have come down with the virus, as well as 19 people who work for Amazon trib.al/0joDceO Image
At Amazon headquarters in Seattle, the white-collar employees are working from home.

But hundreds of thousands of blue-collar employees working in the company’s enormous warehouses are still going to work every day trib.al/0joDceO Image
Is Amazon shipping essential goods? Of course.

You can get toilet paper and paper towels from Amazon. But it’s also still selling everything else, much of which is not essential at all
trib.al/0joDceO Image
The U.S. has categorized a ridiculous number of businesses that are “essential.” But at what cost?

Thousands of other workers are putting themselves on the line for no good reason other than their bosses are demanding it trib.al/0joDceO Image
Following New Zealand’s lead would mean white-collar workers in the U.S. would have to make some small sacrifices.

But if we return to what essential truly means, we may also save lives trib.al/0joDceO Image

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More from @opinion

Apr 2
Could Trump’s tariffs raise $700 billion a year?

We did the math 🧵 Image
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.

Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s Image
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now Image
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Look at the data 🧵
One of Community Notes’ main achievements is its speed in addressing misinformation. The chart below shows that it is getting faster 📈

But even with these improvements, notes typically appear after a post’s most viral stage of diffusion (after the damage is already done) Image
It’s unclear how much misinformation is on X — if it could be counted, it could be deleted.

But from X’s data, you can see that most misleading posts go unaddressed: Image
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Mar 17, 2023
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
Read 6 tweets
Mar 15, 2023
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.

So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I Image
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8 Image
Read 10 tweets
Mar 2, 2023
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @JKarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl…
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Feb 28, 2023
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl…
Read 4 tweets

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