Thursday, April 02, 2020

Trust


Great to see this feature report from PBS Newshour on Taiwan's efforts to manage the COVID-19 outbreak. Imagine: ex-pats are flocking home because citizens trust their government and their health care system.

Speaking of trust, here are a couple of quick snap-shot graphs. First from Portugal Resident, the logarithmic increase for new COVID-19 cases in Portugal is starting to drop-off the curve for the rest of Europe, and starting to line-up with South Korea – a hopeful sign. The US (EUA), on the other hand and unfortunately, is headed in the opposite direction.


New unemployment figures from the BLS for the US are out for last week, and they are shocking: 6.65 million new claims in the week. This is double the shocking record set the prior week of 3.31 million claims, so ten million new claims total. I believe this easily wipes out all the job gains made during the Trump administration. The stock market is similarly back to 'square-one', with regard to the Trump's term as President. These stats underscores the thin and fragile nature of the Trump 'economic boom', and how reckless it is to build such a house of cards, driving up insane levels of debt to finance an outrageous tax break for the rich, without building a safety net for everyone else. Shameful.


The world continues it's march to a million cases of COVID-19, with over fifty thousand deaths. The US is well over two hundred thousand cases, and well over five thousand deaths. Portugal is closing in on ten thousand cases and over two hundred deaths. Taiwan reports over three hundred cases and five deaths.

In less than two weeks (since my March 21 post), the world's COVID-19 case total has more than tripled from three hundred thousand cases, and more than quadrupled from nearly twelve thousand deaths. Cases in the US have increased twelve-fold from twenty thousand, and more than twenty-fold in terms of deaths. In Portugal, cases are up by nine times, from just over one thousand, and up from just six deaths. On Taiwan, cases have just doubled from over one hundred and fifty cases, and two deaths.

cases981,221 global • 235,787 USA • 9,034 Portugal • 339 Taiwan
deaths50,230 global • 5,764 USA • 209 Portugal • 5 Taiwan

UPDATE [10:30PM DST]: The world’s COVID-19 case total passes one million, adding over twenty thousand in just a few hours (1,007,977).

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