Russia has seen a spike in Covid-19 cases over the past two weeks.
But the problem is not the country’s vaccines, which have been available since last year and are effective: It’s vaccine rates bloom.bg/3zEgUKt
Russia’s third wave can be blamed on:
💉The devastatingly slow pace of inoculation
💉A toxic mix of complacency
💉Chronic distrust in authority bloom.bg/3zEgUKt
The flagship Sputnik V shot, which Moscow used to bolster its standing abroad, has been met at home with skepticism.
It’s an embarrassment for the Kremlin and an unwanted public reminder of the limits of its power bloom.bg/3zEgUKt
Only 10% of Russians have been fully vaccinated.
By contrast, the city of Beijing has fully vaccinated more than 80% of its adults bloom.bg/3zEgUKt
Past Covid-19 infections also provide some level of protection — so this third wave may not be as bad.
But the Russian government is going to have to crack vaccine hesitancy to keep from lagging behind a reopening West and a rapidly vaccinating China bloom.bg/3zEgUKt
Russia’s June surge is a warning to other wealthier vaccine laggards.
But it’s a pricklier problem for President Vladimir Putin.
The upbeat all-is-well narrative of the past months makes it harder to convince people to get their jabs now bloom.bg/3zEgUKt
Covid-19 vaccines have not been a sufficiently pressing priority.
Now officials will have to tolerate alternative local approaches, as in hard-hit Moscow bloom.bg/3zEgUKt
The Kremlin can silence political opponents — but it can’t quash popular discontent or rapidly fix the distrust that keeps people from inoculation centers.
That will have economic as well as political consequences for Russia bloom.bg/3zEgUKt
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Each Olympic Games serves as a global spotlight for athletes.
But in Tokyo next month, it will be doctors, nurses, lab technicians and other medical personnel who will determine the success of this international display of health and vigor trib.al/9iI5Jai
Despite increasing vaccinations against Covid-19, Japan lags well behind many rich-world peers.
If the Tokyo Olympics were to be canceled before the July 23 opening ceremony, the decision would have to be taken by the International Olympic Committee trib.al/xDdm5dU
The Tokyo Medical Practitioners Association, which represents over 6,000 doctors, asked that the International Olympic Committee be convinced to cancel the games.
Hospitals “have their hands full and have almost no spare capacity,” it warned trib.al/xDdm5dU
Today is the day. New Yorkers are heading to the polls to select their top picks for #NYCMayor.
Over the past few months, @howiewolf spoke with the candidates who want the job of running America's biggest city. Here's where they stand: bloomberg.com/opinion/articl…
.@AndrewYang: “The city is the most profound catalyst for human capital development and transformation in the history of the world, perhaps. And that’s what we have to sustain." bloomberg.com/opinion/articl…
.@mayawiley: “I felt called into the race because Donald Trump was attacking everything we've been fighting for and building over the past decades.” bloomberg.com/opinion/articl…
Elon Musk was on to something when he complained that the cost of insurance to protect company directors from shareholder litigation has gotten out of control trib.al/kyVUqIQ
The impulsive Tesla boss may be an unlikely spokesperson for the unfairness of these spiraling fees, but they reveal something about this age of corporate misadventure and trigger-happy lawyers.
It’s bad for shareholders, companies and insurers alike trib.al/kyVUqIQ
When executives get sued, the payouts can be steep:
💰Volkswagen had a $320 million settlement over former executives’ alleged mishandling of Dieselgate
💰Wells Fargo’s insurers forked out $240 million over the bank’s fake customer accounts scandal trib.al/kyVUqIQ
Rising real-estate prices are stoking fears that the American dream of homeownership is slipping out of reach for low- and moderate-income Americans.
That may be so — but a nation of renters is not something to fear trib.al/yh67cog
The numbers paint a stark picture.
After peaking at 69% in 2004, the homeownership rate fell every year until 2016, when it was 64.3%. The rate rebounded in Trump’s presidency, hitting 66% in 2020, but that trend may be short-lived (📊 via @stlouisfed) trib.al/yh67cog
This process is painful, but it’s not all bad.
Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market trib.al/yh67cog