north america is in the midst of a worsening mega drought, increasing the probability that any of a number of events could lead to a black swan-like economic/social crisis... (1/n)
first, h/t to @pkedrosky for being such a consummate source of data on this topic. in april 2020, scientists alerted us to an emerging "North American megadrought" detailing 2000-2018 as the driest period in 500+ years science.sciencemag.org/content/368/64… (2/n)
since that paper’s publication, conditions have worsened:
(3/n)
2020 was the hottest year on record in CA & realized the largest number acres burned (4.4M). it's estimated that actual uninsured + economic cost of 2020 wildfire season was $130B-$150B from property loss, clean up costs, & business shutdowns nfpa.org/News-and-Resea…
(4/n)
temperatures in 2021 are reaching unprecedented levels.. well beyond what any model predicted in even the most “extreme” scenarios. BC recorded several 120F+ high temp days, a value several standard deviations away from a predicted max temp
rainfall/snowfall was so low this past winter & temperatures have been so high that california’s snowpack reached 0% statewide by june 1, a record sfgate.com/bayarea/articl…
(6/n)
hot dry weather has left california with “fuel moisture conditions” at a level never before seen in the historical record for this time of year. vegetation across the entire western US appears to be a tinder box
looking forward, we face increased fire risk, decreased water availability, decreased river streamflow (decreasing available power on the grid), increasing temps (increasing demand for power), and conditions that are unsafe for workers and children to simply be outside… (9/n)
dry fuel, warm temperatures, and the unprecedented drought conditions means the western united states is now facing the second earliest occurrence of a “level 4” national preparedness for significant woodland fire predictiveservices.nifc.gov/outlooks/month…
(10/n)
california towns facing dry wells and complete loss of water may be a sign of a bigger problem with many more communities at risk.. calmatters.org/california-div…
(11/n)
11% of california’s power comes from hydroelectric power generation which depends on streamflow in rivers and reservoirs fed by sierra snowpack. low snowpack means hydroelectric power generation down 71% from 2019 watereducation.org/aquapedia/hydr… eia.gov/todayinenergy/…
(12/n)
furthering the power problem in CA, is the increasing demand for AC (the primary variable in power demand) … demand for more power and less power available inevitably leads to blackouts wsj.com/articles/calif…
(13/n)
if we have more fires, exposure to wildfire smoke can cause severe short and long-term health effects on adults and children, including mortality risk, and risk of low birth weight in pregnant women nature.com/articles/s4137…
(14/n)
outdoor workers can not work when AQI exceeds 150 (typical on wildfire days) or temps are 110F+. 3M+ CA workers work outside. hot days and/or high AQI could lead to massive loss of worker income and/or employer revenue. lhsfna.org/index.cfm/life… osha.gov/heat/heat-index
(15/n)
consequentially, property, jobs, & businesses are at risk; food prices are inflating, water security is diminishing. some/none of these risks may manifest, but there are enough non-zero probability scenarios that aggregate risk of serious catastrophe seems significant.
(16/n)
unfortunately, we may be desensitizing ourselves to new (more common) extreme weather events, exacerbating the problem set as we fail to prepare appropriately pnas.org/content/116/11…
(17/n)
speculation: 1) we could see world’s first large-scale climate migration under these conditions. western states residents move east or north 2) reliable distributed power becomes a necessity, fueling years of growth for on-premise solar/gas generators and battery systems
(18/n)
3) further water restrictions drive up specialty crop prices and increases demand for specialty crops produced outside of the CA central valley 4) CA governor recall election hinges on management of the fire season and rolling blackouts
(19/n)
5) already tight labor markets, coupled with less “outdoor days” to work could drive construction costs even higher in the west 6) FireTech/AirTech becomes bigger silicon valley category in 2021 7) Earth becomes Mars if we don’t get our shit together
(20/n)
preparing for the season: 0) no politics. all in it together. win or lose 1) clear policy now-set distinction btwn private/public loss share so it’s not a debate/battle later. who pays cost of uninsured building lost to fire? who pays for lost labor due to bad air days? (21/n)
2) immediately build community centers ready and pre-supplied w water, generators, portable ACs 3) buy+supply 100M+ N95 masks for high AQI days to all residents for free. ppl should not be outside breathing wildfire air — the short and long-term costs are too high. (22/n)
4) forest mgmt wont save us (50M+ acres + too much work to do w/o enough time). some work is good but diminishing returns in this area at scale. 5) 1/3 of housing is at intersection of forestland. housing should not be built here if taxpayers pay for losses on property (23n)
6) longer-term, infrastructure spending should not go to rural broadband and roads. we need systems of energy production, materials, and food production that are distributed, low-carbon, and create jobs for americans while increasing power/water/food/clean air/temp security (fin)
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if enough people believe in something, it will become manifest.
regardless of institutional forces against that belief.
our ability to communicate and convince others to believe in something is what makes us human, and has allowed us to defy "natural forces" for ~100k years.
recently, the internet has enabled more rapid amplification of novel beliefs, quickly turning the tides against centralized institutions that are the de facto.
masses of individual believers can swarm and overwhelm, creating a new future.
there isn't a lot of transparency or accountability in the vax rollout at federal/state/local level, but the US does have enough vax doses to effectively end the pandemic in 45-60 days. here's why, key metrics to observe, and a reminder on how we can do it...
today, pfizer CEO reported producing 70M vax doses as of 12/31 & another 33M doses since start of the year = 103M doses in total! they're making ~100M per month & have reportedly already handed over ~70M doses to Fed govt. finance.yahoo.com/news/pfizer-pr…
we have a lot of doses and we don't need to vaccinate everyone to end the pandemic...
fewer people able to transmit the virus (due to infection or vaccination) = fewer new cases/day = cases eventually go to 0 and pandemic ends. goal is reproductive rate (R) < 1.0 ASAP
The Pandemic War is an actual war we must fight and win. the virus is surging, and evolving. we must surge back, and evolve faster than the virus. here's my proposed plan and analysis...
first, in general, perfect has been the enemy of good, that's why we're losing this War. perfect test results. perfect vaccine. perfect treatment (no one can die; follow regular standards of care). we must end perfect and get good enough. it's the only way to win.
plan: 1) eliminate liability 2) source/staff/operate Covid Care Centers 3) rapid tests for everyone 4) immediate antibody therapy for ALL C19+ patients 5) unrestricted high-volume vaccine rollout
BTC has likely created more millionaires (10,000+?) and deca millionaires (1,000+?) than any company or startup in history. these are individual “retail” investors realizing these returns, not institutions, which may drive the Rise of Retail...
1) retail interest in speculative (high-risk/high-reward) investments will continue to sky rocket. BTC’s meteoric USD-denominated value climb sets a new benchmark. everyone is already chasing the next dragon.
2) more speculative public equity is being purchased by retail investors who are increasingly becoming key driver of public offering events (through SPACs, direct listings, and IPOs syndicated to retail investors. instead of a handful of “strong” institutional investors).
the US is administering ~250k covid vaccine doses per day. we prob need to get ~100-150M ppl vaccinated = 200-300M doses = 800-1200 days at current rate. last mile clearly a problem as many doses sitting with states, who have discretion over admin process.
states + hospitals don’t know what to do. this likely becoming key issue in coming days. lots of finger pointing. problem may be paperwork burden, process and procedural overhead. or just complete lack of uniform planning. distribute and hope clearly not a great strategy
math for alternative central planning: 10k care providers give 1 dose every 3 minutes for 8 hours/day = 1.6M/day = 4 months to achieve goal...
amazing paper. 40-60% of population that have NOT had SARS-CoV-2 already have activated T Cells to the virus! likely due to cross-reactivity w/ other "common cold coronaviruses". may explain large % having easy time clearing virus and/or mild/no symptoms. cell.com/action/showPdf…
"... CD4+ T cell responses were detected in 40-60% of unexposed individuals. This may be reflective of some degree of crossreactive, preexisting immunity to SARSCoV-2 in some, but not all, individuals..."
"Whether this immunity is relevant in influencing clinical
outcomes is unknown—and cannot be known without T cell measurements before and after SARSCoV-2 infection of individuals—..."