Just as past outbreaks taught Asia hard truths about how to deal with pandemics, lessons from Covid are abundant in the West:

🇮🇹Italy ramped up ICU capacity
🇫🇷France is paying health workers more
🇪🇸Spain is building a pandemic hospital trib.al/fWLWUB6
Thanks to these innovations, national lockdowns are being portrayed as a one-off.

Yet as cases surge again in Europe, strains on critical-care resources are leading to economic shutdowns on local and regional levels trib.al/fWLWUB6 Image
Covid-19 patients fill more than a third of intensive-care beds in the Paris region. It’s a similar story in Madrid.

Blunt measures — the closure of bars, gyms and other businesses — are being rolled out to slow case growth and hospital admissions trib.al/fWLWUB6 Image
Even though the hospitalization rate is lower than in the first wave, governments feel they should act now. In France, 11,000 Covid patients could be in the ICU by November. That’s:

A) Above the country’s maximum capacity
B) Higher than the peak in April trib.al/fWLWUB6 Image
There’s frustration that so much focus is being put on shutting down bars as opposed to expanding hospital capacity.

According to one ER doctor in Paris, if France had doubled bed capacity to 12,000 by now, the Covid occupancy rate would be around 10% trib.al/fWLWUB6 Image
Are we shutting businesses when we should be building more beds?

The question is more complex than it seems. The daily cost of one intensive-care bed can be anything from around 2,000 euros ($2,347) to more than double that trib.al/fWLWUB6 Image
Policy makers face a paradox where more supply of a service can increase demand rather than reduce it.

Building more beds without getting a grip on the pace of new infections would only serve to fill them up while doing nothing to tackle the core problem trib.al/fWLWUB6 Image
One answer could be to better hospital allocation.

During Covid-19’s first wave, France used special trains to ship patients around the country, and even across the border to Germany and Luxembourg. Cross-border cooperation makes even more sense now trib.al/fWLWUB6 Image
Reorganizing hospitals is another option. South Korea used its playbook from the 2015 MERS outbreak:

Divided patients based on severity and bed availability
Used community facilities to house patients
Created an app for patients to report symptom changes trib.al/fWLWUB6 Image
This would require rethinking how resources are used.

It’s also not a substitute for preventative measures. Test-and-trace systems have approached the brink of collapse in many countries — they could also do with European common standards and technology trib.al/fWLWUB6 Image
Still, if ever there was a time to view health care as a benefit to society and the economy, rather than a drag on public finances, it’s now.

If we want to learn to live with the virus, we should think about hospital beds, not just bars trib.al/fWLWUB6 Image

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More from @bopinion

10 Oct
Six months ago, populations across the world went under lockdown to fight Covid-19.

Amid confusion and horrifying death tolls, the default position was to protect the elderly and minimize loss of life. Now that stance is shifting trib.al/ZsUBlJc
🇺🇸In the U.S., anti-lockdown protests have broken out across the country, with even New York’s ultra-Orthodox Jewish community burning masks in public.

🇬🇧In the U.K., Boris Johnson’s government faces a rebellion from MPs in his own Conservative Party trib.al/ZsUBlJc Image
With six months of experience, people know that lockdowns exert a terrible toll.

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Half of Americans aren’t saving enough for retirement.

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That compares to annual expenses well under 0.1%, and often near zero, offered by stock and bond index funds and ETFs trib.al/2D99X5I Image
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Here’s something to celebrate in the U.S.: Hispanic Americans have enjoyed steady economic progress over the past two decades.

Though much remains to be done, Hispanics are coming closer to enjoying an American dream long denied to them trib.al/McOh5Ad
From 2014 through 2019, as the U.S. economy expanded and incomes rose, Hispanic Americans logged faster income growth than anyone trib.al/McOh5Ad Image
That growth was from a relatively low base: The income gap between White and Hispanic workers shrank by only about $2,700 and still stands at almost $20,000 for median households.

But living standards are rising along with a feeling of upward mobility trib.al/McOh5Ad Image
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One of the bizarre subplots of Trump’s illness has been the White House’s unwillingness to explore a simple question:

Exactly how did the president of the United States contract Covid-19? trib.al/2zvKDoR
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➡️Who gave him the virus?
➡️Where did it happen?
➡️To whom did he give it?
➡️In what circumstances?
➡️Is the disease from a single source?
➡️If so, who's the source? trib.al/2zvKDoR
20 years ago it would have been all but impossible to answer these questions, but they can now be answered quickly and cheaply, making Michael Lewis wonder why we don’t already have answers.

He sat down to discuss the topic with microbiologist Joe DeRisi trib.al/2zvKDoR
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5 Oct
If 2020 has taught us anything, it’s that life is uncertain.

That’s why @FARNOOSH has abandoned some conservative finance principles, including the aspiration of leaving a financial legacy trib.al/TzF9lwo
The concept of bequeathing an inheritance just seems to make less sense today.

Instead why not experience your legacy by spending most of your money on meaningful experiences and investing in the people and causes you believe in trib.al/TzF9lwo Image
It’s a financial philosophy that’s grown increasingly popular with the ultra-wealthy, including:

➡️Sting
➡️Bill Gates
➡️Warren Buffett
trib.al/TzF9lwo Image
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4 Oct
🇫🇷France, 🇬🇧the U.K. and 🇪🇸Spain are currently facing a triple threat:

➡️Jump in cases
➡️Population exhausted by lockdown-induced recession
➡️Rising resistance to tougher measures trib.al/4FvDHoM
Protesters have taken to the streets of:

🇫🇷Marseille
🇪🇸Madrid
🇩🇪Berlin
🇬🇧London

Those protesting shouldn’t be dismissed as the selfish exceptions to the rule. Beyond the vocal minority, there are signs the silent majority are also losing faith trib.al/4FvDHoM
Respect for mask-wearing & hand-washing is high, but support for self-isolation appears to be wavering.

In France, the number of people who support quarantining those who’ve had contact with infected patients has dropped from 78% in March to just 48% trib.al/4FvDHoM
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