Key question with Omicron wave is whether severe disease — hospitalisations & ICU — decouples from cases.
In the UK it has, but there are signs the US decoupling is weaker, perhaps due in part to lower vax rates.
Track it here for every state:
Here’s a quick recap of how to read these charts:
Black dotted line is peak level for each metric before Omicron arrived.
Crossing that line means a new record has been set in recent days.
I’ve put a little coloured circle below the name of each state to indicate new records.
For example, almost all states in the north-east have set new records for cases in recent days.
New Jersey, Maryland and DC have also seen hospitalisations hit an all-time high, and the latter two are now also at record Covid ICU occupancy.
In Florida on the other hand, Delta wave was so fierce that relative to that, Omicron hospitalisations are so far less than half as high
But as you can hosp & ICU are still rising steeply. Anything close to Delta peak here would be a sign that the US is faring much worse than UK
Here’s the full graphic again for all states
And if you want to drill down into more detail on the precise hospital situation at the local level, I recommend this brilliant tracker from @bhrenton and @jeremyfaust
NEW: my column this week is about the coming vibe shift, from Boomers vs Millennials to huge wealth inequality *between* Millennials.
Current discourse centres on how the average Millennial is worse-off than the average Boomer was, but the richest millennials are loaded 💸🚀
That data was for the UK, but it’s a similar story in the US. The gap between the richest and poorest Millennials is far wider than it was for Boomers. More debt at the bottom, and much more wealth at the top.
In both countries, inequality is overwhelmingly *within* generations, not between them.
And how have the richest millennials got so rich?
Mainly this: enormous wealth transfers from their parents, typically to help with buying their first home.
In the UK, among those who get parental help, the top 10% got *£170,000* towards their house (the average Millennial got zero).
American politics is in the midst of a racial realignment.
I think this is simultaneously one of the most important social trends in the US today, and one of the most poorly understood.
Last week, an NYT poll showed Biden leading Trump by less than 10 points among non-white Americans, a group he won by almost 50 points in 2020.
Averaging all recent polls (thnx @admcrlsn), the Democrats are losing more ground with non-white voters than any other demographic.
People often respond to these figures with accusations of polling error, but this isn’t just one rogue result.
High quality, long-running surveys like this from Gallup have been showing a steepening decline in Black and Latino voters identifying as Democrats for several years.
The politics of America’s housing issues in one chart:
• People and politicians in blue states say they care deeply about the housing crisis and homelessness but keep blocking housing so both get worse
• Red states simply permit loads of new homes and have no housing crisis
And if you were wondering where London fits into this...
It builds even less than San Francisco, and its house prices have risen even faster.
That cities like London & SF (and the people who run them) are considered progressive while overseeing these situations is ... something
Those charts are from my latest column, in which I argue that we need to stop talking about the housing crisis, and start talking about the planning/permitting crisis, because it’s all downstream from that ft.com/content/de34df…
NEW: we often talk about an age divide in politics, with young people much less conservative than the old.
But this is much more a British phenomenon than a global one.
40% of young Americans voted Trump in 2020. But only 10% of UK under-30s support the Conservatives. Why?
One factor is that another narrative often framed as universal turns out to be much worse in the UK: the sense that young generations are getting screwed.
Young people are struggling to get onto the housing ladder in many countries, but the crisis is especially deep in Britain:
It’s a similar story for incomes, where Millennials in the UK have not made any progress on Gen X, while young Americans are soaring to record highs.
Young Brits have had a much more visceral experience of failing to make economic progress.