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/
"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/
"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/
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-…
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…
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 @russellgoldpropublica.org/article/intern…
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@CNNcnn.com/videos/health/…
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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The market: Electricity hungry BigTech created a credits "system is akin to buying the right from a fitter colleague to say you have cycled to work, even though you arrived by a car that runs on petrol." @CamillaHodgson ft.com/content/2d6fc3…
“The market will solve climate”
The market: Oil Pipelines are ESG and low carbon! This giant tub of ice-cream won't make you fat because the tub is made of zero-calorie material & by athletes.
Netanyahu assassinates Haniyeh in Tehran & Hezbollah’s Shukr in Beirut. We are on cusp of regional war in Middle East. Forces are being deployed, Defences readied, Redlines of targets communicated.
2/ In Israel's corner are US, UK, Egypt, Saudis, Jordan &Abraham Accord (informal milvalliance) with oil Kingdoms - UAE, Bahrain.
They have communicated to Israel that they will defend Israel if it is attacked by Iran axis but will not participate in a war initiated by Israel
3/ "US is expecting the anticipated Iranian attack may be similar to the barrage of ballistic missiles & drones launched against Israel on April 13...But this attack could be larger...including the possibility of a coordinated attack with Iranian proxies from multiple directions"
The vibe shift, on the ground, in swing state Wisconsin
" Kamala Harris electrified the crowd in her first campaign rally as presumptive Democratic nominee. "I haven’t felt anything like this in many, many years,possibly since President Obama’s first run" therecombobulationarea.news/p/in-west-alli…
For 2yrs, gap between sentiment & economics widen. Did Kamala end vibecession? @kylascan
"There's layers to the cake:
How people expect things to be (expectations)
How things are supposed to be (theory)
How things are (reality)"
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
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.
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
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…
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
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