Covid-19 Pandemic
 Here’s the latest news from the global pandemic. Hong Kong to relax social distancing rules as virus cases dropGermany closes in on agreement to extend job-preserving aid Trump defends virus response while GOP makes fear a theme Tracking the Covid economy’s pulse As America nears the sixth month of living with Covid-19, the country still doesn’t have a strategy to balance the deadly risk of virus with the crushing economic consequences of shutdowns. In the spring, most states initially curtailed economic activity for long enough to avoid the catastrophe of hospitals and morgues overflowing that New York and other hotspots endured. But they lifted those measures prematurely, leading to the summer’s surge in the Sun Belt and dire conditions in places like Florida, Arizona, Texas and California.  A public charter school in Provo, Utah. Students and staff in Utah who dont wear a mask in K-12 schools in accordance with state mandate can be charged with a misdemeanor. George Frey/Bloomberg via Getty Images Now that swell of cases is receding, just in time for attempts to go back to school to risk a new round of outbreaks. “The kind of mindset that we probably needed to be in, and that we’re still not in, is one of a pulsing economy,” Katherine Baicker, a health economist and dean of the University of Chicago Harris School of Public Policy, said in an interview last week. Strict retrenchment, like what Americans did in the spring, can bring the virus down to low levels. With a low base rate, you can resume activity with vigilant testing to detect new cases. If viral spread reaches a certain threshold, it’s time to close down again, like a “circuit-breaker,” Baicker said. That approach, which depends on truly driving the virus to low levels before reopening, could maximize both safety and economic activity over the long term. “We could bump along at a very low-prevalence rate, in a sort of cyclical way, until we get a vaccine,” she said. But it would require a degree of shared purpose and political will. It would also mean living with deep uncertainty over a long period, a psychologically taxing circumstance. “There’s a hunger for certainty that I see on small scales and large scales,” Baicker said. “It feels like you don’t have a plan when your plan is, ‘We’re going to react to health circumstances.’” The situation is even more challenging for people who are most exposed to both the economic and health risks. Congress allowed a $600-a-week bump to unemployment checks to lapse this month, even as new cases far exceeded the levels of the spring, when lawmakers passed the emergency measure. (A new reading on U.S. consumer confidence, which has been bolstered by the stimulus measures, is due on Tuesday morning.) People with savings and white-collar salaries can work from home and wait out any surges. Other Americans are left to face both the virus and the economic calamity it incurred, largely on their own.—John Tozzi Latest podcast What Do We Really Know About Plasma? Plasma is a promising therapy, but researchers don’t fully understand how well it works. Michelle Fay Cortez explains what the plan means, and the concerns that agencies like the FDA are letting pressure from the White House, rather than science, guide their decisions.  Sponsored Content by Siemens America’s factories, power plants, transportation and hospitals all need technology and our technology is only as powerful as the people deploying and maintaining it. Keeping America moving takes more than technology alone. It takes a human touch. Siemens Ingenuity for life. What you should read South Korea Starbucks Shows Masks Work Employees in masks avoided infection, while 27 visitors got coronavirus. Lost Jobs, Empty Offices Plague British Shops Consumer businesses critical to the economic recovery are struggling. Covid’s Debilitating Effects May Linger for Years Virus causes lasting physical, cognitive and psychological impairment. FDA Head Walks Back Claim of Therapy Benefit Drugs commissioner says he misspoke about plasma’s efficacy. Big Pharma Needs a Covid Shot for Redemption Many consumers view major drug companies as greedy and heartless. Know someone else who would like this newsletter? Have them sign up here. Have any questions, concerns, or news tips on Covid-19 news? Get in touch or help us cover the story. Like this newsletter? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Follow Us Get the newsletter You received this message because you are subscribed to Bloomberg’s Coronavirus Daily newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022 |
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