A handful of wealthy nations have had a change of heart about Covid-19 vaccine patents.
“It’s a belated but powerful step intended to boost vaccine campaigns in developing countries as new virus hotspots flare up,” writes @LionelALaurent trib.al/JwwJY3R
As big as it is, it’s only a start.
Even assuming WTO patent obligations are waived with the support of the U.S. and Europe — which isn’t a sure thing yet — it’s unlikely to be enough on its own to break the world out of this pandemic trib.al/JwwJY3R
Pushing the pharmaceutical industry to share manufacturing know-how is the real goal.
"It's not really the recipe that's the problem at this point, it's getting the expertise to manufacturers in developing countries that's important," says @mihirssharmatrib.al/JwwJY3R
Vaccine campaigns are glaringly unequal right now.
The wealthiest 27 places in the world account for 10.5% of the population, but 35.6% of vaccinations. In India, barely 2% of its population is fully vaccinated bloomberg.com/opinion/articl…
Twelve billion vaccine doses could be produced this year, if all current projections are aggregated. But we’re nowhere close to that in actuality.
Will waiving an obligation to follow WTO rules on patents rebalance this?
Unlike in the AIDS crisis, when South Africa fought for affordable access to life-saving drugs, today’s biggest challenge is manufacturing enough vaccines for billions of people trib.al/JwwJY3R
With patients in India dying in the streets and crematoriums melting down from overuse, the U.S. and other rich nations are backing efforts to waive vaccine patents.
There are many obstacles, not all of them patent related:
💉Raw materials and supplies
💉Complexity of m-RNA vaccines
💉Logistical issues
💉Scaling up production
Without more know-how on how to make vaccines, waiving patents won't be a game-changer trib.al/JwwJY3R
Having access to the “recipe” certainly helps, but understanding how to put it together and produce it at scale is something else.
The hope is that the more strident tone on patents from Biden and Macron will hold the industry’s feet to the fire trib.al/JwwJY3R
Given the billions in public money plowed into researching, developing and manufacturing vaccines, governments have leverage.
Waiving the WTO rules is certainly a better look than hoarding doses. For now, though, it’s a symbolic victory trib.al/JwwJY3R
"What's happening in India right now can happen anywhere that's not vaccinated," says @mihirssharma.
It should be a wake-up call: Countries that don't have great health care need to put protocols in place to make sure that if a spike comes, they're ready twitter.com/i/broadcasts/1…
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Fifteen years ago, population growth was one of America’s core advantages because it had a high fertility rate close to the replacement rate of 2.1 children per woman.
Add copious immigration on top of that, and our demographic future seemed assured trib.al/G8gA0SY
Projections had the U.S. increasing its size relative to its main potential rival, China, over the course of the century. The country’s youthfulness implied a bright future for its:
💰Economy
📊Asset markets
⚕️Solvency of its pension & health care systems trib.al/G8gA0SY
This vision of demographic dominance has since gone up in smoke.
The 2020 Census indicates that the population is growing more slowly than at any time since WWII. It's not shrinking yet, but if we don’t correct course, we are certain to stagnate in size trib.al/G8gA0SY
➡️Right-wing pundits and politicians say they are a threat to personal liberty
➡️Many liberals worry they will exacerbate “pandemic inequality” because the vaccination rate among the poor is low trib.al/bswBLhX
New York’s Excelsior Pass is the first government-issued proof of vaccination in the U.S.
But it won’t be the last — at least 17 more are in the works in the country alone trib.al/bswBLhX
Brazil appears to be going through an existential reset on climate change:
🤝Logger-friendly Environment Minister Ricardo Salles is making nice with U.S. climate envoy John Kerry
✉️Bolsonaro wrote a letter to Biden, extolling Brazil’s green credentials trib.al/CJCJjm6
Brazil can bring plenty to the table on sustainable development:
🌾High-tech agriculture that reduces soil erosion and keeps carbon in the ground
🌊Hydropower lights up most homes and industry
🔥Clean-burning ethanol distilled from sugarcane trib.al/CJCJjm6
If the price of Bitcoin were to reach $200,000, half of the world’s billionaires would be crypto billionaires.
This crypto wealth has vast potential to reshape philanthropy trib.al/mTXkYLW
Bitcoin itself is a weird, stand-alone project.
In part because of this, we should expect a relative decline in the influence of longstanding nonprofit institutions — and more weird, stand-alone projects trib.al/mTXkYLW
The Bitcoin ecosystem has been self-sustaining since the beginning, and so it should hardly come as a surprise that Bitcoin billionaires take Bitcoin itself as a model for future institutions, including in philanthropy trib.al/mTXkYLW
Covid-19 is going to kill more people in 2021 than it did last year. To see why, look at what’s happening in India, writes @davidficklingtrib.al/PJggyHX
Cases have been surging in India.
On Sunday alone, 261,500 new infections were recorded. That’s as bad as the U.S. during all but the worst five days of the pandemic in December and early January trib.al/PJggyHX
The B.1.617 variant, which isn’t well understood yet, has features associated with higher infection rates and lower antibody resistance.
It's turning up in more than half of viral samples taken in India trib.al/PJggyHX
Millennials’ consumer behaviour has been the phenomenon that launched a million takes.
Early arguments that they had fundamentally different priorities and values eventually gave way to an acknowledgement that no, they were mainly just broke trib.al/SKzQpps
So, what’s going on with U.S. households in 2020?
📉One Census Bureau survey says 2020 was the first year on record in which the number of households declined
📈Another Census Bureau survey says 2020 saw the second-biggest increase on record