Albert Pinto Profile picture
Jun 13, 2020 21 tweets 10 min read Read on X
Investigative WSJ @shalini report on the catastrophe of New York is also a blaring "DO NOT DO THIS " guideline for hospitals in India, Brazil, Mexico, S Africa etc. Many 10000s of deaths can be avoided. Thread 1/
wsj.com/articles/how-n…
Firstly, New York has been an off-the-scale disaster in terms of deaths and covid cases. Its wealth, expertise and resources did very little to insulate its ppl from catastrophic mismanagement. It took almost 100 days to control the epidemic. 2/
It was clear to most ppl by March that a dense city like New York would need to adopt the Wuhan model of Corona hotels. Lockdown was necessary but not sufficient to stop infections. It took the city two full months to roll it out. Tragic saga here ⬇️3/
So what can other places learn from New York’s disastrous coronavirus response? @shalini @LauraKusisto @katie_honan
have a long list, based on interviews w almost 90 health care workers, administrators & officials as well as documents & emails. 4/ wsj.com/articles/how-n…
NYC hospitals faced high rates of attrition due to "Incomplete staff-protection policies. Many hospitals provided staff with insufficient protective equipment and testing". Similar story playing out in Delhi, Mexico City, Sao Paulo; Daily cheers & rose petals not enough. 5/ Image
"Inadequate staff planning: Hospitals added hundreds of ICU beds but not always enough trained staff, leading to improper treatments and overlooked patients dying alone" 6/
"Improper patient transfers: some patients were too sick to have been transferred between hospitals. Squabbling between [city & state] administrations contributed to uncoordinated effort" 7/
"Insufficient isolation protocols: Hospitals often mixed infected patients with the uninfected early on, and the virus spread to non-Covid-19 units." 8/
"Procurement gaps: while leaders focused attention on procuring ventilators, hospitals didn't provide adequate supplies of critical resources including oxygen, vital-signs monitors and dialysis machines" 9/
Many patients died in New York hospitals from untrained staff and improper operating procedures. Shortage of trained workers in cities of developing countries cannot be fixed without importing staff from other cities or countries. 10/ Image
"staffing shortages led to hospitals losing track at times of admitted patients... a family member called the ER to inquire about their mother in her 80s. An ER doctor said that when he looked the patient up, he realized she had died two days prior. “This is happening daily” 11/
Prioritizing PPE for nursing home staff & designing standard operating procedures to reduce risk of infection to elderly residents is an important lesson for rest of world from New York's catastrophe. A full ONE-THIRD of US deaths were in nursing homes 12/ nytimes.com/interactive/20…
Prioritizing resources for elderly is crucial: “Scott Amrhein, a trade-association executive who helped procure PPE for nursing-home workers, became so distraught about the shortage of protective gear, among other issues nursing homes faced, that he died by suicide March 30" 13/
"...a severe oxygen shortage hit mid-surge, said doctors there including Dr.Dasol Kang. He said some Covid patients, including a woman in her 50s and a man in his late 40s, languished without portable oxygen tanks". Similar shortages already evident in India, Mexico, Brazil...14/ Image
Medical Supplies ARE a difference bw US & developing countries. When needed most, US sourced them from productive capacity of Asia; largest ever govt airlift of some 200 planes have arrived from Asia+LatAm. With summer surge in global south, what now? 15/ fema.gov/media-library-… ImageImage
The first flight carrying medical supplies from Shanghai landed in New York's JFK on 29th March at hour of greatest need. Since then, 205 flights, have brought them from Thailand, Vietnam, Malaysia, India, Mexico,etc 16/fema.gov/media-library/… #viraltime
New York is the world's metropolis. The lessons from its catastrophe are being learnt —must be learnt —in every country. We are still near start of the pandemic. covid19-projections.com/#rest-of-world…

WSJ investigative report is avlbl here /END. archive.is/1Onkq#selectio…
Image
Lessons from New York are being learnt very fast across US hospital system. Doctors learn how to treat coronavirus patients out of the hospital. The average hospitalization rate continues to drop and more who are treated recover. propublica.org/article/how-am…
Current situation in Houston hospitals similar to NY in April. ht @charlesornstein
- Serious staffing issues
- creating space by delaying surgeries
- Accelerating inflow creates long waits for beds
- Running out of essential drugs
Fig via @russellgold propublica.org/article/intern… Image
Really wonder how different things would be if there had been a TV crew broadcasting a NYC hospital from March on. Would Texas, Calif., Florida be suffering as much now?
Take out a few minutes to watch this from San Antonio hospitals ht @miguelmarquez @CNN cnn.com/videos/health/… Image
Underlying New York's catastrophe was disparity. Public hospitals were overwhelmed, but richer pvt ones w open beds took fewer than 50 patients from public ones. Stunningly, only resignation has come from health commissioner while Mayor/Governor are lauded
nytimes.com/2020/07/27/pod…

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More from @70sBachchan

Jul 12
Latest @polycrisis dispatch is out. @kmac & I show just how deep the finance-ecology-geopolitics rabbit hole Hurricane Beryl goes. Sign up here:

buttondown.email/polycrisisdisp…
2/ Ecology: With super hot oceans, we are very worried about this Atlantic hurricane season. THIRTY storms are predicted plus minus 5, depending on el nino

Finance: Worry that coming devastation will shake insurance industry to the core just as 2004-5 did
phenomenalworld.org/analysis/globa…
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3/London, Zurich, Bermuda are home of reinsurance.
Insurance model rely on risks being 1 Uncorrelated 2 Calculable 3 Paid for by mkt returns elsewhere
But #globalwarming upends Insurance
It correlates risks (global!); creates catastrophic fat-tails; and crimps returns everywhere. Image
Read 4 tweets
Jul 4
what reading one book by Brett Christophers does to a mf
‘while it is possible to prevent businesses from doing profitable things, it is impossible to make them do things they consider insufficiently profitable’. Why do all this 'market failure' nonsense
ft.com/content/b2b6fb…
Brett Chrisopher's work on Rentier Capitalism has been eyeopening. Asset Managers like Blackrock now run the roads we drive on; the pipes that supply our drinking water; the farmland that provides our food; electricity & heat. Nice profile

@ddhitchens
compactmag.com/article/how-as…
Under capitalism, profit expectations drive companies’ invstmt decisions. Building solar/wind & selling the electricity they generate, however, generally is not a very profitable business What sort of returns do investors earn, asks Brett Christophers time.com/6958606/climat…
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Read 9 tweets
Jun 4
Yes, BJP still sets the terms in the Indian parliament. But it will not have the decisive electoral majority of 2019-2024 lok sabha where it ran bills with zero opposition or consultation. After this election it will have to respect India’s opposition and democracy
India's stock market slides. Their logic?
BJP not winning in a landslide -> forced to have a NDA coalition government that will inevitably have to be more pro-welfare
--> hence the BJP cannot do nakedly pro-rich liberal reforms --> Oops, sell sell sell

Image
Adani's reversal tells you everything.
"In 9yrs of Modi’s tenure, Adani’s wealth grew from $8bn to $137bn. In 2022 alone, he made $72bn, which is more than the combined earnings of the world’s next 9 billionaires" ht @AnnPettifor

theguardian.com/commentisfree/…

Image
Read 42 tweets
Mar 30
1/ "What's happening in Guyana isn't just happening there. All over the globe, oil companies are racing to tap as many of the remaining fossil fuel reserves as they can"
@jeffgoodell :

Nice @WeAreDrilled @amywestervelt
rollingstone.com/politics/polit…
stitcher.com/show/drilled

Image
2/ This is not a a story of Guyana’s PM lecturing western liberals over hypocrisy climate, oil & Amazonian forests.

But a geopolitical story of developing country elites working with western firms (Exxon) to sell to western markets (oil goes to europe)
phenomenalworld.org/analysis/offsh…
3/ "Guyana is now producing nearly as much oil as Venezuela -1 of the largest oil exporters since the 1920s & founder of OPEC

This amazing article on Exxon shows that the logic of imperial exploitation of natural resources is alive & kicking"-@GaraviniG
phenomenalworld.org/analysis/offsh…
Image
Read 7 tweets
Oct 21, 2023
White House request to Congress for $106 billion in emergency funding for foreign aid.

A budget tells you more than words about actual priorities. Full breakdown in this PDF incl military aid to Ukraine, Israel, intl development (World bank) etc Thread whitehouse.gov/wp-content/upl…
Image
2/ UKRAINE: US so far has sent more than $75 billion to Ukraine. Of new $106B, Biden asks $61B for Ukraine.

~$50B military aid, loans for military gear, DOD stocks of weapons etc (Pg 4-27_
~$11.75B economic (pg 42)

New aid is opposed by GOP in House
whitehouse.gov/wp-content/upl…

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3/Reminder why Biden's request for emergency funding looks the way it does-$106B for ukraine,israel,border, humanitarian. US congressional politics when governed by Dem president+Dem senate+Republican house makes funding requests look like a dogs breakfast
Read 4 tweets
Aug 16, 2023
“opposite responses of China and the U.S. have revealed that the two countries appear weak only because their strengths are asymmetric”

Key point from @BuddyYakov: US and China can mobilize their fiscal and productive capacity in a way that EU cannot.
noemamag.com/the-american-f…
deja vu Policy debates in US-EU-China

US, 2021:
Do more fiscal spending into the pockets of most vulnerable households and businesses!

EU, 2022:
Do more fiscal spending ....!

China, 2023:
Do more fiscal spending into the pocket of most vulnerable households and businesses
Read 6 tweets

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