Stunned world grapples with 'once-in-100-year' coronavirus battle

[snoop1130]

Stunned world grapples with 'once-in-100-year' coronavirus battle

By Swati Pandey, Ryan Woo

 

An empty shopping street is seen during the spread of coronavirus disease (COVID-19) in Berlin, Germany, March 18, 2020. REUTERS/Fabrizio Bensch

 

SYDNEY/BEIJING (Reuters) - Hundreds of millions of people worldwide were adjusting on Wednesday to once-in-a-generation measures to battle the coronavirus crisis that is not only killing the old and vulnerable but also threatening prolonged economic misery.

 

The fast-spreading disease that jumped from animals to humans in China has now infected about 200,000 people and caused nearly 8,500 deaths in 164 nations, triggering emergency lockdowns and injections of cash unseen since World War Two.

 

“This is a once-in-a-hundred-year type event,” said Australian Prime Minister Scott Morrison, warning the crisis could last six months as his nation became the latest to restrict gatherings and overseas travel.

 

“Life is changing in Australia, as it is changing all around the world,” he added, as his government prepared for a potentially exponential rise after only six deaths so far.

 

There was particular alarm in Italy, which has experienced an unusually high death rate - 2,503 from 31,506 cases - and was drafting thousands of student doctors into service before final exams to help an overwhelmed health service.

 

Around the world, rich and poor alike saw lives turned upside-down as events were canceled, shops stripped, workplaces emptied, streets deserted, schools shut and travel at a minimum.

 

“Cleanliness is important - but here it’s not easy,” said Marcelle Diatta, a 41-year-old mother of four in Senegal where announcements rang from loudspeakers urging people to wash hands but water was often cut off in her suburb.

 

The crisis has created a wave of solidarity in some countries, with neighbors, families and colleagues coming together to look after the most needy, including dropping supplies at the doors of those forced to stay indoors.

 

In the hills of southern Spain, applause rings out every evening at 8 p.m. as self-isolated neighbors thank health services for their work and greet each other.

 

Spooked by a seemingly inevitable global recession, rich nations are unleashing billions of dollars in stimulus to economies, aid to health services, loans to tottering businesses, and help for individuals fearful for mortgages and other routine payments.

 

BOUNCE BACK OR LONG RECESSION?

 

“We have never lived through anything like this. And our society, which had grown used to changes that expand our possibilities of knowledge, health and life, now finds itself in a war to defend all we have taken for granted,” Spain’s Prime Minister Pedro Sanchez Sanchez told parliament.

 

The chamber was nearly empty with most lawmakers kept away.

 

Extra cash from governments and central banks failed to calm markets: stocks and oil prices reeled again.

 

Taking their cue from the waning of the coronavirus in China, where it emerged at the end of last year, optimists predict a bounce back once the epidemic also passes its peak elsewhere - hoped to be within months.

 

Pessimists are factoring in the possibility of recurring outbreaks and years of pain, some even whispering comparisons with the Great Depression of the 1930s.

 

On the ground, millions of workers fear for their jobs.

 

Restaurants, bars and hotels have been shuttered and in the airline industry, facing the worst crisis in living memory, tens of thousands have already been laid off or put on unpaid leave.

 

In China, the jobless rate rose to 6.2% in February, the highest since records began, and up from 5.2% in December.

 

The majority of businesses and factories – apart from the epicenter in Hubei province – have reopened, but it is unclear how many workers and staff have actually returned. Some sectors are faring better than others, such as pharmaceuticals, supermarkets, food suppliers, and utilities.

 

GEOPOLITICS FLARE

 

Some geopolitical frictions, however, continued as normal - or were even exacerbated by the crisis. A European Union document accused Russian media of stoking panic in the West via misinformation over the disease.

 

Moscow has denied such accusations in the past.

 

In other long-rumbling frictions, China withdrew press credentials of three American journalists in a dispute over media freedoms and coverage of the coronavirus.

 

The U.S. election race carried on, with Joe Biden coasting to victory in three Democratic presidential primaries. A hiatus in campaigning is now expected due to the epidemic.

 

The coronavirus has dampened passions in some hotspots, such as Hong Kong where anti-Beijing protests had been raging. But in others, anti-establishment demonstrators were adamant they would not be sidetracked.

 

“The system is trying to use coronavirus as an argument to end our revolution,” teacher Mohamed Hachimi said of a ban on protests in Algeria. “Marches will continue!”

 

As China’s outbreak appeared over the worst, while the West’s was spiraling, overseas Chinese students began flying home after campuses shut their gates.

 

“There’s lots of uncertainty and I think having more of a support structure - family and friends in China - would make this period easier,” said 20-year-old Harvard University undergraduate Roger Zhang, returning home to Shenzhen.

 

With most major sports events now canceled, the International Olympic Committee (IOC) was under increasing pressure to reconsider the summer Games in Japan.

 

Several athletes, including reigning Olympic pole vault champion Katerina Stefanidi, said athletes’ health was at risk as they juggled training with coronavirus shutdowns.

 

“We all want Tokyo to happen but what is the Plan B if it does not happen?” Stefanidi told Reuters.

 

-- © Copyright Reuters 2020-03-18

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[Puchaiyank]

Having gobs of money in the bank may not secure one's future if the world's supplies dry up and populations turn against one another for survival.

 

Hope for the best...plan for the worst case senerio...your family depends upon you to take the lead...

[DoctorG]

2A is no longer being challenged as LA County residents rush to buy guns.

[Tug]

With the advances in medicine and communication this should have been handled better but that would have taken courageous leadership unfortunately it’s in short supply

[RocketDog]

11 hours ago, Puchaiyank said:

Having gobs of money in the bank may not secure one's future if the world's supplies dry up and populations turn against one another for survival.

 

Hope for the best...plan for the worst case senerio...your family depends upon you to take the lead...

Gobs of MONEY being the key word here. 

Those with assets including precious metals are not so much in fear of bank closures or seizures. Proper asset allocation is always a good thing. 

Also, those with gobs of money will still and always fare better than those without. 

 

Still, I get what you're saying and agree. 

 

Sorry, just had to add my 2 bahts worth. 

Edited March 19, 2020 by RocketDog
Additional irreverent comment.

[baansgr]

1 hour ago, Tug said:

With the advances in medicine and communication this should have been handled better but that would have taken courageous leadership unfortunately it’s in short supply

The 4 week delay from China didn't help...if they had informed WHO in early December at the first signs, things may very well have been different

[phantomfiddler]

Here in Thailand, according to official figures printed in the Bangkok Post, there has so far been 1 death in a population of 65 million people, which equates to 0.0000015% !!! I would be very surprised if many times this amount don,t die due to eating bad somtam plalah, not to mention the ridiculous number of people who are killed on Thailand,s roads EVERY DAY ????

Edited March 19, 2020 by phantomfiddler
grammar error

[richard_smith237]

5 minutes ago, phantomfiddler said:

Here in Thailand, according to official figures printed in the Bangkok Post, there has so far been 1 death in a population of 65 million people, which equates to 0.0000015% !!! I would be very surprised if many times this amount don,t die due to eating bad somtam plalah, not to mention the ridiculous number of people who are killed on Thailand,s roads EVERY DAY ????

But what happens if the self quarantine and social isolation methods do not work and the virus spreads throughout every facet of society with infection rates of 30% ????? 

 

The issue is not what is happening now, the concerns are regarding what ‘could’ happen if nothing is done? what if people become unwell at the same time and there are not enough hospital beds or specialised care units?

 

The concerns are significant, the hopes are that we can handle this. We may yet get away with without enduring the worst this virus could bring. Then the people can rattle on about it wasn’t that serious after all and can smugly smile while enveloped in their own ignorance. 

 

 

[evadgib]

5 hours ago, Tug said:

With the advances in medicine and communication this should have been handled better but that would have taken courageous leadership unfortunately it’s in short supply

The advent of fake news doesn't help, as the public no longer has any confidence in MSM.

[metisdead]

An off topic post has been removed. 

[simple1]

2 hours ago, evadgib said:

The advent of fake news doesn't help, as the public no longer has any confidence in MSM.

You're having a laugh aren't you? MSM, putting aside opinion pieces which do not represent 'news' report news as received. Misinformation (fake news) coming from a so called leader of the free world for a number of weeks, alt right and some other  governments are the main contributors to a loss of trust in how Covid 19 has been dealt with to date, not the MSM in and of itself.

Edited March 19, 2020 by simple1