➡️ China hit a milestone of delivering more than 1 billion vaccine doses
➡️ Brazil reached more than 500,000 Covid deaths
While the end of the pandemic is in sight, Covid is continuing to wreak havoc around the globe trib.al/vPwuzMf
The virus continues to devastate.
➡️ The developing world doesn’t have enough shots
➡️ Too many existing inequities have grown worse
➡️ There’s excess bureaucracy trib.al/iwe0bKj
There’s no end to the cycle of coronavirus surges and lockdowns without vaccinations.
There must be a concerted push to get vaccines to the developing world soon — and not by backloading donations trib.al/iwe0bKj
The ability to efficiently deliver policies, correct course, and hold the population’s trust has been a big predictor of pandemic-management success trib.al/iwe0bKj
We know from past pandemics that the finale was never going to be clear-cut.
➡️ It’s hard to pinpoint the end of the 1918 Spanish Flu pandemic
➡️ Mass vaccination efforts to combat polio aren’t yet over
But we don’t have to repeat all the same mistakes trib.al/iwe0bKj
Covid-19 vaccines created an opportunity to earn back some much-needed political capital for some nations.
Others hung back in the inoculation race but are now sprinting to catch up as new variants threaten trib.al/iwe0bKj
It’s not just a problem for the poorest. Japan has underperformed thanks to:
➡️ Regulation around new medicines slowing the vaccine rollout
➡️ A chronic staff shortage
The country has fully vaccinated only 7% of residents trib.al/iwe0bKj
Amid the excitement of reopening, there needs to be a recognition that the pandemic left the most vulnerable further behind.
Covid-19 is fueling a multi-speed global economy and making it harder to close gaps trib.al/iwe0bKj
After a pandemic that has touched all corners of the world, we need to invest in:
➡️ Vaccinations
➡️ Future generations
➡️ Health care capacity
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.
Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.
So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8