Bloomberg Opinion Profile picture
Oct 4, 2021 8 tweets 4 min read Read on X
💉 Vaccine mandates work.

Despite people protesting they would rather be unemployed than vaccinated, the vast majority of people subject to mandates are quietly getting shots instead of quitting trib.al/83xUCov
Just ask New York Governor Kathy Hochul, whose state gave roughly 600,000 health care workers until this past Monday to get a Covid-19 jab or lose their jobs.

They have chosen to stay trib.al/PcDzswR
Hochul enforced Covid-19 vaccine mandates and set up a command center to monitor hospital staff shortages.

She allowed retired health care workers, out-of-state medical professionals and others to provide care. So far, none have been needed trib.al/PcDzswR
Thousands got their Covid-19 shots.

87% of New York’s hospital workers were fully vaccinated.

About 92% of hospital staff have received at least one dose, as have 92% of nursing home workers and 89% of adult care workers trib.al/PcDzswR
It may be too soon to say that workers in every sector of the economy across a country as regionally diverse as the U.S. will respond to vaccination deadlines in the same way.

Covid-19 has taught that it pays to be humble about pandemic forecasting trib.al/PcDzswR
Mandates for health care workers are being imposed outside of New York, too.

The biggest assisted-living network in New England, Benchmark Senior Living, enforced Covid vaccine mandates over the summer for its roughly 6,000 employees.

Few of them quit trib.al/PcDzswR
Houston Methodist, a Texas hospital network that employs about 25,000 workers, issued a mandate and lost about 150 workers.

ChristianaCare, a Delaware nonprofit hospital operator that employs more than 12,000 people, has seen about 150 employees depart trib.al/PcDzswR
In health care more than in most sectors of the economy, workers need to be vaccinated to protect patients as well as themselves.

Laying off noncompliant workers is strong medicine. But more of it may be needed to establish a strong defense against Covid trib.al/PcDzswR

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More from @opinion

Apr 2
Could Trump’s tariffs raise $700 billion a year?

We did the math 🧵 Image
$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 Image
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 Image
Read 10 tweets
Mar 18
Today, Meta is starting to roll out its own version of @X’s @CommunityNotes for Instagram, Threads and Facebook.

Will it work? Analysis of 1.1 million examples of the crowdsourced fact-checking system show it’s not stopping the spread of misinformation.

Look at the data 🧵
One of Community Notes’ main achievements is its speed in addressing misinformation. The chart below shows that it is getting faster 📈

But even with these improvements, notes typically appear after a post’s most viral stage of diffusion (after the damage is already done) Image
It’s unclear how much misinformation is on X — if it could be counted, it could be deleted.

But from X’s data, you can see that most misleading posts go unaddressed: Image
Read 10 tweets
Mar 17, 2023
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
Read 6 tweets
Mar 15, 2023
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
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 Image
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 Image
Read 10 tweets
Mar 2, 2023
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @JKarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl…
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Feb 28, 2023
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl…
Read 4 tweets

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