Actually, I should write “Anti-Public Health Measures Stance”… The CDC released the ensemble forecasts of 8/16 yesterday.
Source: CDC, accessed 8/19/2021.
The CDC’s central forecast is for Florida new weekly deaths for the week of September 11th to be 1461, with an interquartile range of (1249, 1739). The NY Times reports as of 8/19 that the 7 day moving average as 138.1, or the 7 day moving sum as 967. While attention is rightly paid to the overwhelmed nature of the hospital system, especially ICU availability, deaths are rising sufficiently fast so that the Florida government has requested morgue trucks from FEMA.
Florida’s July employment numbers are not out yet, but in any case, those figures would apply to the second week of the month, a period largely before the delta surge. The latest quantitative read on the Florida economy I’m aware of is the Baumeister et al. Weekly Economic Conditions Index, discussed in this post, shown below (data through July 31st):
Figure 1: Baumeister et al. Weekly Economic Conditions Indicators for US (black) and Florida (red), percentage point deviation from annualized trend national growth rate. NBER recession dates shaded gray, from beginning of February to end of April. Source: Weekly State Level Economic Conditions, accessed 8/6, NBER.
These indicators suggest a continued recovery, albeit slower, through end-July. More recent quantitative evidence is hard to find. I look to the Florida Google Mobility Report for the period ending August 15th.
Source: Google Mobility Report data, retail and recreation component, accessed 8/19/2021.
There seems to be a big drop-off at the end of the sample, not associated with a holiday (the previous trough is associated with the 4th of July). However, it’s not clear that this dropoff is either durable, or significant enough to signal a drop in economic activity overall. So, we will need to wait and see how many Covid-19 related fatalities will have to be incurred before risk aversion drives down economic activity related to high-contact services, or Governor De Santis changes his views regarding the appropriate public health measures.
The CDC’s state profile for Florida is here.
Update, 8/20, 2:30pm Pacific:
Wells Fargo writes today:
Florida Is the Epicenter of the Latest Wave of COVID Infections
We are encouraged by how well economic activity has held up in Florida amid the wave of COVID infections seen this past month. The Sunshine State has been the focal point of the latest wave of COVID infections this summer. Business has held up well, buoyed by record numbers of tourists visiting the state. While some high-frequency series, including the OpenTable data, hotel occupancies and consumer mobility data, have leveled off in early August, it is hard to tell how much of that is due to concerns about COVID and how much is simply due to the return of in-person learning. Schools opened in August in much of the country and openings have progressed throughout the month. On an even more encouraging note, the most recent CDC data show the number new daily COVID infections may be topping out. This is not only good news for Florida, but for the entire nation, as it provides a sense of the timeline and magnitude that the Delta variant is likely to disrupt public health and the economy.
They also provide the following graphic regarding dining.
Source: Wells Fargo, August 20, 2021.
To me, the latest data is less than reassuring, as Florida falls faster than the US overall. They also show the same google mobility data I show, and contrast with the US overall. The US has trended sideways over the last month, while Florida has fallen.
Source: Wells Fargo, August 20, 2021.
Hospitality and leisure services employment accounts for about 10.3% of total nonfarm payroll employment as of July, and accounted for 27.6% of the net new job creation in that month. If behavior changes to account for the elevated risk, then we can expect growth in this sector to slow.
Here’s another view on how the Governor’s health measures are working in Florida.
Over 7% of Florida’s economic output is from tourism, among the highest shares among U.S. states. Anything that’s bad fot tourism is bad for Florida.
What with Red Tide, sink holes, collapsing buildings, the disappearance of carcharodon megalodon teeth from around Venice Beach and Covid all taking a chunk out of tourism, things aren’t looking bright.
Over the 12 months to June, Florida’s pace of employment growth was 13th among the states, no great shakes already. This is one case in which “Thank god for Mississippi” doesn’t help (https://en.m.wikipedia.org/wiki/Thank_God_for_Mississippi). Even Mississippi is cleaning Florida’s clock when it comes to job growth.
At least the children are safe from state-imposed mask mandates.
Oh, sorry, the way I wrote that was misleading. Florida is 13th from the bottom. DC and 37 other states are all beating Florida.
I’m not visiting Florida while this clown is governor. Of course the only thing De Santis wants to grow is his standing among the MAGA crowd.
My mother-in-law has terminal cancer and recently booked a Disney World/beach resort vacation for us and some of my wife’s extended family for late October. It was expensive to say the least, very expensive as she spared no expense. She cancelled it today (after a long conversation) because she doesn’t want her grandbabies catching COVID where treatment may be hard to come by. Florida just pissed away more than $15k. We can’t be the only ones.
Regards to your mother-in-law. If only she were governor of Florida.
https://news.cgtn.com/news/2021-08-20/Chinese-mainland-reports-33-new-confirmed-COVID-19-cases-12ScULSNV0A/index.html
August 20, 2021
Chinese mainland reports 33 new COVID-19 cases
The Chinese mainland recorded 33 new confirmed COVID-19 cases on Thursday, with 4 being local transmissions and 29 from overseas, the latest data from the National Health Commission showed on Friday.
In addition, 30 new asymptomatic cases were recorded, while 517 asymptomatic patients remain under medical observation.
This brings the number of confirmed COVID-19 cases on the Chinese mainland to 94,579 with the death toll unchanged at 4,636.
Chinese mainland new locally transmitted cases
https://news.cgtn.com/news/2021-08-20/Chinese-mainland-reports-33-new-confirmed-COVID-19-cases-12ScULSNV0A/img/47934d59dee0446796478a0af911b9cc/47934d59dee0446796478a0af911b9cc.jpeg
Chinese mainland new imported cases
https://news.cgtn.com/news/2021-08-20/Chinese-mainland-reports-33-new-confirmed-COVID-19-cases-12ScULSNV0A/img/8e605ac0f2434340b78f14e18fa1a309/8e605ac0f2434340b78f14e18fa1a309.jpeg
Chinese mainland new asymptomatic cases
https://news.cgtn.com/news/2021-08-20/Chinese-mainland-reports-33-new-confirmed-COVID-19-cases-12ScULSNV0A/img/52d67e4b73cf4bb9862239fa099043e8/52d67e4b73cf4bb9862239fa099043e8.jpeg
http://www.xinhuanet.com/english/2021-08/20/c_1310138971.htm
August 20, 2021
Over 1.91 bln doses of COVID-19 vaccines administered in China
BEIJING — More than 1.91 billion doses of COVID-19 vaccines had been administered in China as of Thursday, data from the National Health Commission showed Friday.
[ Chinese coronavirus vaccine yearly production capacity is more than 5 billion doses. Along with over 1.912 billion doses of Chinese vaccines administered domestically, another 800 million doses have been distributed internationally. A number of countries are now producing Chinese vaccines from delivered raw materials. ]
https://www.worldometers.info/coronavirus/
August 20, 2021
Coronavirus
United Kingdom
Cases ( 6,429,147)
Deaths ( 131,487)
Deaths per million ( 1,925)
China
Cases ( 94,579)
Deaths ( 4,636)
Deaths per million ( 3)
I find it pretty hypocritical for these conservative governors who value the sanctity of life are so easily dismissive of the children in their state. Intentionally eliminating vaccine and mask mandates for children will result in some children sacrificing their life. I guess not all lives should be protected, based on the behavior of some of our conservative governors.
Dear Baffling,
I’ll refer you something Barney Frank said: “These people believe that life begins at conception and ends at birth.”
Congress Mo Brooks understands the anger of the domestic terrorist who wanted to bomb the library of Congress.
https://www.salon.com/2021/08/19/rep-mo-brooks-says-he-understands-man-who-allegedly-threatened-to-bomb-library-of-congress/
Why do people find this alarming? After all Brooks urged those domestic terrorists on January 6. Nothing new here from this clown.
pick your x axis range! make your story sound right
fl headline like last summer until it is ny/nj and phillies’ season to shine with the delta blast.
fl case looks like a peak last night chart
logic fallacy is a tool of economic?
paddy kivlin: Sorry, I don’t know what you mean.
I think our new troll was complaining about the time frame of the various graphs. But I could be wrong as I do not speak BotEase.
yup!
Weak. OK troll – what is the right time frame? Oh wait – you programming does not allow you to provide that.
Hey troll – learn to write in English. The x-axis in all 4 graphs is time. Maybe in your bot world you do not get that. The first graph created by our host started at the beginning of 2020, which makes sense to me. So your whole comment violates your own “make your story sound right”.
the x axis limited to the past few months..
tells a story…..
barry r used to throw out the 10 top logic fallacie poster i guess he stopped, must be a pandemic thing.
You have not mansplained us on what the correct time frame is. Worthless troll.
More from Chad Bown on the vaccine supply chain issue:
https://www.piie.com/blogs/realtime-economic-issues-watch/dont-let-curevacs-covid-19-vaccine-supply-chain-go-waste
It seems the CureVac vaccine is not that effective. But its supply chain could be repurposed to produce a lot more of the Moderna and Pfizer vaccines. We need a lot more production to address the needs of the developing nations. Do it.
DeSantis doesn’t want to have vaccine mandates because the vaccine has only Emergency Use Authorization.
So instead he is promoting Regeneron clinics which administer a monoclonal antibody cocktail that has only Emergency Use Authorization — and costs over $2,100 per dose — and is only 20% effective in preventing death.
Not having full FDA approval is this clown’s excuse? I guess he thinks the citizens of Florida are all as stupid as he is.
Could this be why DeSantis is promoting Regeneron?
https://www.palmbeachpost.com/story/news/2021/08/18/florida-gov-ron-desantis-promotes-regeneron-covid-19-antibody-treatment-connected-to-donor/8169958002/
Kenneth Griffin has invested almost $16 million in Regeneron stock and also fund DeSantis’s political career.
Bingo – we have a winner; and its not the people of Florida.
Texas Lt. Gov. Dan Patrick goes on Fox News and blames unvaccinated Black people for Covid spread in his state. And he goes farther, saying that since most Blacks vote Democratic, its the Democrats causing the problem.
55% of Texans are unvaccinated. Blacks are 12% of the Texas population, counting both vaccinated and unvaccinated.
Texas Lt. Gov. Dan Patrick would probably tell us that white people wearing MAGA hats cannot get this virus.
https://www.click2houston.com/news/texas/2021/08/20/lt-gov-dan-patrick-blames-democrats-for-low-vaccinations-among-black-residents-but-more-white-texans-are-unvaccinated/
A local news story on this racist remark from this racist Lt. Gov. It seems the local press has figured out a lot of the unvaccinated’s happen to be white people. So it seems Mr. Patrick is also a liar too.
That is Gov.. Dan Suckrick!!! to you!!!
Glass half full or half empty? At least he is blaming the unvaccinated. That needs to be repeated again and again.
Patrick will be a convicted felon soon enough. His launy list of crimes is long.
The trends are not looking good for the delta variant. The UK which looked like it had peaked just a few weeks ago is now headed up again to a new peak. Cases up 20% in the UK since the beginning of August. And Israel which had only 10 cases per day in July is now up to 7,000 cases per day with no signs of slowing down.
If typical, these trends don’t look good for those hoping the surge in the U.S. would resolve itself any time soon. Both the UK and Israel have much higher rates of vaccination than the U.S.
Again, understand the “case” problem and why they don’t matter. British permanent hospitalizations are not counted like in the US. Unlike the US, they don’t count temporary “charges”.
Hi Menzie,
I find it interesting that Gov DeSantis is also thinking about economic growth in his state. Apparently – he is hoping to “power through” the Delta variant regardless of how many of his constituents get sick or die. Responsible governance doesn’t seem to be in style among the GOPers. His comment posted on Twitter – 8/30/2021 https://twitter.com/GovRonDeSantis/status/1428748295753641986
The problem is it uses payrolls rather than household data. Payrolls is generally a laggard and responded in a manner that makes it steadier, but unrealistic in nature. We will know by October.
Suggestion for a new post sort of comes from Kevin Drum playing amateur economist:
https://jabberwocking.com/ending-ui-benefits-early-doesnt-seem-to-have-helped-lower-unemployment/
BLS data by state that allows a research to explore whether early termination of unemployment benefits reduces unemployment. Kevin reads the data drawing the opposite conclusion. Other analyzes are coming in.
Considering cases have flattened, my guess growth won’t matter much. I really think you overestimate how small historically this 4th outbreak is. Especially since cases/hospitalizations are being overcounted in general. The south in general is the only one being effected to a higher degree.
Gregory Bott: This is a historically small outbreak – thanks for the topic for my next post. As I look at the data, 7 day moving average through 8/19 is 201, which as far as I can tell is higher than any previous peak. See: https://www.nytimes.com/interactive/2021/us/florida-covid-cases.html Furthermore, hospitalizations are rising.
Your guess is irrelevant. I can see why anyone would take one guy’s guess as important, but I understand why you would pretend your guess matters. It’s all you’ve got.
What might “growth won’t matter much” mean in this context? Well, new cases are still rising, but not as fast, but the incidence of new cases is high, so I suppose you could mean that a high number of new cases is OK, as long as it doesn’t get much higher very fast. Deaths and hospitalizations are also rising, the result of new infections. So they don’t matter much? Help me out here – it’s tough to make sense of such a vague statement.
Your claim that cases are being over counted seems more like an odd question use of “over counted” than an objective statement of fact. You think there are fewer cases, in absolute numbers, than hospitals are reporting? That would mean errors in counting are so biased upward that they exceed non-symtomatic cases. Covid infections are non-symtomatic 40% to 50% of cases, so hospitals are reporting twice as many symptomatic cases as they are actually seeing? Weird.
Now, I’ve tried to find some way to explain your assertions tha don’t make you out to be liar, but I can’t find a way to do that when you claim the south is the only region “being affected to a higher degree”. That’s just not true. Even the wordiness of the sentence doesn’t hide the fact that it’s just a lie. Things are very, very bad in the South, but cases are rising in every broad geographic region of the U.S.
Seriously, taking everything you wrote into consideration, I have the feeling your lost your job as a climate-change denier and have taken a position as a Covid denier without bothering to learn new skills. Just saying a bunch of things which are all untrue seems very much like the climate-change denial playbook.
“cases have flattened”????
In what part of the Universe or by what credible model of infectious diseases?
This mornings NYT database there were only 2 of the 48 states that had a (8%, 13 %) negative 14-day change in cases – 6 had a increase of over 100%. Florida was at +31%. The negative economic effects of the explosion of cases in Florida will last much past the peak of virus. My decision to stay out of that state will last much past the peak of infections. Knowing that the governor will help the next virus outbreak rather than contain it makes it hard to make anything but very short term plans for entering that state.
Considering texas is in the beast of the pandemic, has run out of icu beds, and has begged other states to send in hospital and icu reinforcements, it appears bot has absolutely no understanding of the current state of the delta variant surge. And all of this is before the governor has forced all colleges and schools to return to classes maskless and unvaccinated.
My wife neatly deconstructs DiSantis as follows:
1. He is a Yale graduate, BA magna cum laude and JD juris cum laude. Sorry, you can’t call him a number of things but not intellectually challenged.
2. He is not a novice politician having been first elected to office in 2012, and before that having spent years within the US military judicial system (if you don’t understand politics in that domain, you get shunted very quickly aside).
2. In a scenario where Trump does not run, his actions and positions give him a very good probability of becoming the next Republican nominee for president.
3. Purely based on historical patterns, starting with what is considered the first “modern” election, A Republican has a 58.8% chance of winning.
His actions are therefore quite reasonable, stipulating that the ends justify the means. That the goal is the exercise of power.
All partisan politics no matter who it kills. The modern Republican Party.
No doubt this is about capturing the MAGA crowd votes for the GOP nomination in 2024. Question is how many of the non-MAGA voters in the actual election will be turned off by his extremism. Whites are no longer the majority in US – and not all of them are “scardy whities”.
To quote quite a good book*:
“The primary sources of partisan loyalties and voting behavior are social identities, group attachments, and myopic retrospections.”
* Democracy for Realists, by Christopher H. Achen and Larry M. Bartels
Not policy good or bad, nor personality noble or immoral seems to ever have a notable impact. People who vote are remarkably consistent.
And given that our version of democracy is fairly weak in being truly representative; first past the post, the Electoral College, etc. The Republican party has excellent chances to win national and state elections regardless of its candidates.
Is this how it should be? How we rule ourselves? No, but then it never was even close to being anything better…
That is an excellent perspective on the behavior of the two main tribes. However, it misses the fact that elections are won on less than a few % margins. So even things that only have almost undetectable effects in the overall picture can tip the election one way or the other.
The other thing that is a major determinant of outcomes is voter enthusiasm. The tribe that is better at motivating its members to come out and vote gets a big advantage.
“The city of Orlando is asking residents to reduce water consumption immediately. Liquid oxygen used to treat water is being diverted to the hospitals to treat COVID patients. They believe if water consumption doesn’t change, water treatment could hit a critical point in a week.”
A shortage of water in Florida, where it rains almost every day this time of year.
Nothing to worry about here. Everything is fine. DeSantis has it under control.
How Long Can Florida’s Economy Grow with the Governor’s Current Public Health Measures Stance?
[ The question strikes me as especially important, considering the dramatic preventive activity limits adopted in New Zealand immediately after a single domestic coronavirus case was detected. ]
Mississippi State Department of Health reports that “At least 70% of the recent calls to their poison control center have been related to ingestion of livestock or animal formulations of ivermectin purchased at livestock supply centers.”
Yep, the MAGA hatters are taking cow de-worming meds instead of getting vaccinated.
You wonder how a suicide cult could have been convinced to drink the Kool-Aid to prove their loyalty to their Dear Leader. You are seeing it live in the U.S. today
Yes it is astounding that these minions will take the words of some screaming clown on Faux news (or AON) over the words of people who have spend decades doing nothing but evaluating the the effects of new drugs on treatment/prevention of diseases.
They will whine that they cannot take the vaccines because they have not been fully approved by (this supposedly unreliable industry controlled agency) FDA. However, they are ready to ingest yet another unapproved drug based on a laboratory tissue culture experiment.
The good thing about suicide cults is that they eventually weed themselves out of the gene pool. The bad thing is that it takes a long time.
I should add this link to an actual clinical trial showing no significant effects of Ivermectin on COVID. It is double blind placebo controlled trial, well powered with 400 participants and peer-reviewed before being published in a reputable scientific journal.
https://jamanetwork.com/journals/jama/fullarticle/2777389
darwin’s theory is true, but not necessarily timely.
Using Pew’s fairly robust data on how many adult Americans believe in Creationism, there are between 46 to 79 million, adult creationists in the USA.
Say somewhere between 18% to 31% of all adults in the United States.
I think that succinctly answers the question about irrationality around Covid. Magical thinking is, and has been, widespread throughout American society since long before the pandemic, and Trump.
https://www.nytimes.com/2021/08/20/us/abbott-covid-tests.html
August 20, 2021
Maker of Popular Covid Test Told Factory to Destroy Inventory
One of the leading producers of rapid tests purged supplies and laid off workers as sales dwindled. Weeks later, the U.S. is facing a surge in infections with diminished capacity.
By Sheri Fink
For weeks in June and July, workers at a Maine factory making one of America’s most popular rapid tests for Covid-19 were given a task that shocked them: take apart millions of the products they had worked so hard to create and stuff them into garbage bags.
Soon afterward, Andy Wilkinson, a site manager for Abbott Laboratories, the manufacturer, stood before rows of employees to announce layoffs. The company canceled contracts with suppliers and shuttered the only other plant making the test, in Illinois, dismissing a work force of 2,000. “The numbers are going down,” he told the workers of the demand for testing, saying it wasn’t their fault. “This is all about money.”
As virus cases in the U.S. plummeted this spring, so did Abbott’s Covid-testing sales. But now, amid a new surge in infections, steps the company took to eliminate stock and wind down manufacturing are proving untimely — hobbling efforts to expand screening as the highly contagious Delta strain rages across the country.
Demand for the 15-minute antigen test, BinaxNOW, is soaring again as people return to schools and offices. Yet Abbott has reportedly told thousands of newly interested companies that it cannot equip their testing programs in the near future. CVS, Rite Aid and Walgreens locations have been selling out of the at-home version, and Amazon shows shipping delays of up to three weeks. Abbott is scrambling to hire back hundreds of workers.
America was notoriously slow in rolling out testing in the early days of the pandemic, and the story of the Abbott tests is a microcosm of the larger challenges of ensuring that the private sector can deliver the tools needed to fight public health crises, both before they happen and during the twists and turns of an actual event….
Home price fell again, now down $13,000 in two weeks per Zillow.
We pity your imminent bankruptcy – not.
that is a marked to market value, rigggggggght????? otherwise it is about as accurate of a real estate value as a trump provided for taxes and loans.
Steven,
Does this mean that you think that the increase in inflation is over and we are reverting to normal rates of inflation?
Asset appreciation is not inflation, I believe,
But to your question, I don’t know.
“Asset appreciation is not inflation”
You believe? You finally wrote something that is correct but you have to hedge? Of course how many times have you mansplained us on how rising asset prices are inflationary. I guess you did not get that Barkley was needling you.
If a price of a new car goes up, is that asset appreciation or consumption inflation? Well, it’s typically going to be both. If house prices go up, and interest rates do not entirely offset, then we could say there is inflation in the cost of housing. However, if the price increase is entirely offset by the decrease in interest rates, then there is no increase in the cost of purchasing a house on average. So it seems to me there are circumstances in which asset price inflation constitutes inflation as measured by the CPI, and other cases where it does not.
Steven Kopits: You might find it of interest to read what BLS actually does, here.
“f the price increase is entirely offset by the decrease in interest rates, then there is no increase in the cost of purchasing a house on average.”
For the 10,000 time – the rise in housing prices came about largely because mortgage rates are incredibly. After 9999 times ignoring this fact – it finally hits you over the head. DAMN!
Of course there has been an increase in real rents over the past 15 years which you have also ignored for 9999 times.
You are one slow dude.
BTW clueless wonder, the CPI does not a component for the cost of housing.
That wasn’t your argument previously! When most of us were poo-pooing fears of long-term inflation, you argued that the U.S. had inflation in asset prices and real estate, which meant that inflation was imbedded!
Serious question: which “you” should we take seriously? Based on your recent posts, I’m betting on “neither.”
Steven Kopits claims he is a consultant. Now there are two types of consultants: (a) those that provide clients an honest assessment of the issue at hand v. (b) those that write whatever intellectual garbage their clients pay them to write. Steven Kopits strikes me as category (b). And part of the art of being the latter type of “consultant” is the ability to flip on a dime what they are putting forth.
Yea – I know a better word for consultant category (b) is paid hack but that is the only way this clown could make a living.
BTW – in my last comment to the clueless wonder named Princeton Steve I had mortgage rates are incredibly …. add the word “low” to that.
My apologies for the typo but I grow tired of repeating myself over and over again to someone incapable of learning basic finance.
https://www.nytimes.com/2021/08/21/health/covid-nursing-shortage-delta.html
August 21, 2021
‘Nursing Is in Crisis’: Staff Shortages Put Patients at Risk
“When hospitals are understaffed, people die,” one expert warned as the U.S. health systems reach a breaking point in the face of the Delta variant.
By Andrew Jacobs
Cyndy O’Brien, an emergency room nurse at Ocean Springs Hospital on the Gulf Coast of Mississippi, could not believe her eyes as she arrived for work. There were people sprawled out in their cars gasping for air as three ambulances with gravely ill patients idled in the parking lot. Just inside the front doors, a crush of anxious people jostled to get the attention of an overwhelmed triage nurse.
“It’s like a war zone,” said Ms. O’Brien, who is the patient care coordinator at Singing River, a small health system near the Alabama border that includes Ocean Springs. “We are just barraged with patients and have nowhere to put them.”
The bottleneck, however, has little to do with a lack of space. Nearly 30 percent of Singing River’s 500 beds are empty. With 169 unfilled nursing positions, administrators must keep the beds empty.
Nursing shortages have long vexed hospitals. But in the year and a half since its ferocious debut in the United States, the coronavirus pandemic has stretched the nation’s nurses as never before, testing their skills and stamina as desperately ill patients with a poorly understood malady flooded emergency rooms. They remained steadfast amid a calamitous shortage of personal protective equipment; spurred by a sense of duty, they flocked from across the country to the newest hot zones, sometimes working as volunteers. More than 1,200 of them have died from the virus….
“How Long Can Florida’s Economy Grow with the Governor’s Current Public Health Measures Stance?”
Paul Krugman approached the problem, but I found the approach unconvincing and I would like to have a convincing response:
https://twitter.com/paulkrugman/status/1422177108298719233
Paul Krugman @paulkrugman
I’ve been doing some number-crunching on Florida, which has become the poster child for red-state Covid disaster; not only does it top the nation in hospitalizations per capita, but it’s far bigger than the other disaster states 1/
https://pbs.twimg.com/media/E7yWg76WYAU5yZe?format=jpg&name=small
DeSantis has been touting the FL economy — although how well will that economy hold up as potential visitors realize that the Sunshine state has become extremely dangerous and its hospital system is in overload crisis? 2/
But leaving that aside, a good economy isn’t much comfort if you’re dead. FL currently losing ~58 people to Covid per day, compared with ~6 in NY. Say the excess death toll is ~40 a day. What’s that worth? 3/
The standard valuation of a human life — based on revealed individual preferences — is $10 million. So FL should have been willing to pay $400 million a day to avoid these deaths 4/
https://www.npr.org/2020/04/23/843310123/how-government-agencies-determine-the-dollar-value-of-human-life
How Government Agencies Determine The Dollar Value Of Human Life
Reopening the economy requires contemplating the trade-off between lives and money. Government agencies are already used to putting dollar values on human life when considering safety regulations.
FL’s GDP is $1.1 trillion a year, or $3 billion a day 5/
https://pbs.twimg.com/media/E7yYd0rX0AUom1t?format=png&name=small
So if you put a dollar value on it, DeSantis’s anti-mask, anti-Vax policies are costing his state the equivalent of 13% of its GDP. Winning the pandemic! 6/
8:47 AM · Aug 2, 2021
https://news.cgtn.com/news/2021-08-21/Chinese-mainland-reports-20-new-confirmed-COVID-19-cases-12TQa8SUNBC/index.html
August 21, 2021
Chinese mainland reports 20 new COVID-19 cases
The Chinese mainland recorded 20 new confirmed COVID-19 cases on Friday, with 4 being local transmissions and 16 from overseas, the latest data from the National Health Commission showed on Saturday.
In addition, 20 new asymptomatic cases were recorded, while 508 asymptomatic patients remain under medical observation.
This brings the number of confirmed COVID-19 cases on the Chinese mainland to 94,599 with the death toll unchanged at 4,636.
Chinese mainland new locally transmitted cases
https://news.cgtn.com/news/2021-08-21/Chinese-mainland-reports-20-new-confirmed-COVID-19-cases-12TQa8SUNBC/img/2a0e19077e4f460096cce15858885c6c/2a0e19077e4f460096cce15858885c6c.jpeg
Chinese mainland new imported cases
https://news.cgtn.com/news/2021-08-21/Chinese-mainland-reports-20-new-confirmed-COVID-19-cases-12TQa8SUNBC/img/b69f23d79fea46c499c72b94902661c5/b69f23d79fea46c499c72b94902661c5.jpeg
Chinese mainland new asymptomatic cases
https://news.cgtn.com/news/2021-08-21/Chinese-mainland-reports-20-new-confirmed-COVID-19-cases-12TQa8SUNBC/img/e9dc4f41cdb64a0a99e7cbdfe9c65289/e9dc4f41cdb64a0a99e7cbdfe9c65289.jpeg
http://www.xinhuanet.com/english/2021-08/21/c_1310140540.htm
August 21, 2021
Over 1.92 bln doses of COVID-19 vaccines administered in China
BEIJING — More than 1.92 billion doses of COVID-19 vaccines had been administered in China as of Friday, data from the National Health Commission showed Saturday.
[ Chinese coronavirus vaccine yearly production capacity is more than 5 billion doses. Along with over 1.924 billion doses of Chinese vaccines administered domestically, another 800 million doses have been distributed internationally. A number of countries are now producing Chinese vaccines from delivered raw materials. ]
https://www.worldometers.info/coronavirus/
August 20, 2021
Coronavirus
United Kingdom
Cases ( 6,460,930)
Deaths ( 131,591)
Deaths per million ( 1,927)
China
Cases ( 94,599)
Deaths ( 4,636)
Deaths per million ( 3)
Everything you say is correct. FLA is not the wave of the future i e Global Warming will cause the Atlantic ocean to inundated an area from Lake ockachocke to the coast so say good by to Miami, Cuba and the rest of the cities.
However, Bill Maher says the Death Satan can read and a Bloomberg columnist has congratulated him twice. Also, a Politico writer says he conqured the virus. FLA has one of worst infection rates in the PLANET let alone in the USA. It is a disaster zone.
Lake WHAT? I’ve never heard of whatever it is that you wrote. And since when is Cuba a city?
I wish commenters would make more than a less-than-token effort to be coherent.
If I want gibberish, I need only to read MAGAmoron or Qhole tweets.
I think he meant to convey that Miami is dominated by Cuban Americans. Now if that is what he meant, it strikes me as a very racist comment.
There is a Lake Okeechobee. WTF is ockachocke? Maybe you should invest in spell check.
Dear Menzie and Folks,
The way home values can appreciate is if the people who agree with the Governor’s stance don’t get sick enough and continue to buy houses. This phenomenon should last for a while.
J.