With intensive-care beds in Stockholm almost full, the prime minister implored citizens in a rare televised address to follow tough new restrictions to alleviate overstretched hospitals and save Christmas bloom.bg/3h7UyIK
🍻Public gatherings are capped at 8 people
📚Schools have been shut
🚫Alcohol sales are banned after 10 p.m.
Much is still recommendation rather than rule, but the government has proposed a law that would give it the power to close stores if necessary bloom.bg/3h7UyIK
Whatever was working in Sweden isn’t anymore.
Though it suffered a high death rate during the first wave, there was optimism it was an upfront cost in return for less economic pain and higher immunity levels. The new wave is a nasty development bloom.bg/3h7UyIK
Sweden is simply falling into the norm for this public health crisis:
🇩🇪Germany is going through a similar reversal of fortunes, with daily deaths at their highest levels since the start of the pandemic
🇨🇭Switzerland is also being hit harder bloom.bg/3h7UyIK
The reality is that all countries have had to learn from mistakes:
Italy & France have softened their lockdown approach
Sweden taught others to consider more humane & more stable restrictions, but learned that a lack of intervention can become a problem bloom.bg/3h7UyIK
As nations tighten restrictions ahead of Christmas, the ideal of a perfect European “model” is looking increasingly unattainable.
Until vaccines get rolled out at scale, the danger for people everywhere will be imagining they’ve got this virus beaten bloom.bg/3h7UyIK
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☄️Ellen Ripley in Alien
☄️Dave Lister in Red Dwarf
☄️Sam Bell in Moon
☄️The Expanse’s Naomi Nagata
Gritty interstellar drama would be bereft if it weren’t for engineers & their mineral-processing operations bloom.bg/34xpWes
It’s such an alluring vision that real money has been put toward it. These high profile figures all invested in space mining startup Planetary Resources Inc.:
Throughout the course of the pandemic, U.S. leaders have squandered:
⌛️Time
❓Trust
💰The economy
And they squandered the chance to do good science — testing vaccines in a way that serves the public interest rather than the interest of pharma companies bloomberg.com/opinion/articl…
There’s no question that Covid-19 vaccines and therapies will save many lives.
But we’re not doing the kinds of scientific studies needed to determine the best vaccines and therapies to maximize lives saved. It’s not too late to change course bloomberg.com/opinion/articl…
Some have raised the possibility that the return to normal could be advanced if Pfizer's vaccine is given as one shot.
Though trials determined efficacy for two shots, supplies are limited and there’s some evidence that one shot provides some protection bloomberg.com/opinion/articl…
A new debate has erupted after Citigroup announced its new sabbatical policy — 12 weeks at 25% pay for employees that have been at the bank for five years.
In the competitive world of finance, is it a career-killer to take advantage of that kind of deal? trib.al/GTdKLf6
In 2018, the average American full-time employee earned 23 paid days off a year, but only used 17 of them.
That’s six days of PTO left on the table — the equivalent of handing a week’s salary back to your employer trib.al/GTdKLf6
When you consider that the U.S. has the rich world’s stingiest vacation policies, this becomes even more depressing.
Other forms of paid leave — like family leave — also see a significant number of people leaving time on the table, especially men trib.al/GTdKLf6
In normal times, package pileups would be a catastrophe for logistics companies. But there's nothing normal about 2020 trib.al/74fyIlR
In the spring, it was toilet paper shortages. Now there's a new supply chain nightmare:
A lack of recyclable materials is causing a shortage of small boxes, the one thing that’s integral to the e-commerce industry, especially during the holidays twitter.com/i/broadcasts/1…
Consumers are avoiding physical stores and expect quick shipments, so there’s an increased demand for packaging:
⏳Lead times are stretched out
🎁Consumers are buying last-minute gifts
🚚UPS and FedEx are at peak capacity trib.al/74fyIlR
Now that Bitcoin has topped $20,000 for the first time, should you shift your hard-earned cash into digital currencies?
History suggests caution should be your watchword, no matter how strong the FOMO may be trib.al/Ytoljve
Institutional investors might be starting to take cryptocurrencies more seriously.
One River Asset Management has set up a fund company that will have about $1 billion in Bitcoin and fellow digital coin Ether by early next year suggests trib.al/Ytoljve
There’s clearly serious money involved:
CEO Eric Peters told our colleague Erik Schatzker that billionaire hedge fund manager Alan Howard is buying a stake in the new business, called One River Digital Asset Management trib.al/Ytoljve