[Coronavirus Impact Stories] Britain's Biggest Domestic Airline Collapses into Administration

By artappraiser on Thu, 03/05/2020 - 5:16am |

Britain’s largest domestic airline Flybe collapsed into administration on Thursday, as the coronavirus outbreak tipped the struggling carrier over the edge. https://t.co/Lfqgu7QzIe
— Barron's (@barronsonline) March 5, 2020

URL:

https://www.barrons.com/articles/britains-biggest-domestic-airline-flybe-collapses-as-coronavirus-deals-final-blow-51583402267?mod=bol-social-tw

9508 reads

Comments

It's mutating?!!!

There are now two types of coronavirus. One is more aggressive https://t.co/QtAw5WC4Zj
— The Telegraph (@Telegraph) March 5, 2020

by artappraiser on Thu, 03/05/2020 - 5:21am

Opinion: Coronavirus shut down Mona Lisa and James Bond. We can’t let it isolate us. https://t.co/DmABmP2p9c
— The Washington Post (@washingtonpost) March 5, 2020

by artappraiser on Thu, 03/05/2020 - 5:23am

Bibi has a good and helpful idea!!!

Prime Minister of Israel Benjamin Netanyahu @netanyahu encourages Israelis to adopt the Indian way of greeting #Namaste at a press conference to mitigate the spread of #coronavirus pic.twitter.com/gtSKzBDjl4
— India in Israel (@indemtel) March 4, 2020

by artappraiser on Thu, 03/05/2020 - 5:28am

Airlines could lose up to $113bn on back of coronavirus, says Iata https://t.co/4UNPK8f2St
— The Guardian (@guardian) March 5, 2020

Italy’s coronavirus outbreak is keeping Americans from booking European travel, new data shows

By Hannah Sampson @ WashingtonPost.com, March 5

Travelers around the world appear to be holding off on planning new trips to Italy as the number of coronavirus infections continues to rise.

According to the travel analytics company ForwardKeys, flight bookings to Italy fell by nearly 139 percent in the final week of February, compared with a year ago [....]

by artappraiser on Thu, 03/05/2020 - 5:36am

Affecting Europeans booking European travel too. Undoubtedly Asian as well, both directions.

by PeraclesPlease on Thu, 03/05/2020 - 5:57am

The coronavirus is throwing Hollywood's delicate schedules into disarray https://t.co/CpTzuWLO4W
— Bloomberg (@business) March 5, 2020

by artappraiser on Thu, 03/05/2020 - 5:48am

China’s stock market has gained, while other markets have closely echoed the drop in U.S. stocks. Here comes fiscal and monetary stimulus. https://t.co/TIj0e8QN9v
— Barron's (@barronsonline) March 5, 2020

by artappraiser on Thu, 03/05/2020 - 5:59am

There are a lot of good ideas in the book but the easiest to explain is @Claudia_Sahm's — create a new program that automatically sends money to everyone when the unemployment rate starts to rise.https://t.co/3gkxqNUeM6
— Matthew Yglesias (@mattyglesias) March 6, 2020

by artappraiser on Fri, 03/06/2020 - 12:37pm

unfortunately currently socialism doesn't create new vaccines, profit potential does, and if profit is not guaranteed by powers that be but might be taken away, well then....

[....] Production of vaccines has long been contingent on investment from one of the handful of giant global pharmaceutical companies. At the Aspen Institute last week, Fauci lamented that none had yet to “step up” and commit to making the vaccine. “Companies that have the skill to be able to do it are not going to just sit around and have a warm facility, ready to go for when you need it,” he said. Even if they did, taking on a new product like this could mean massive losses, especially if the demand faded or if people, for complex reasons, chose not to use the product.

Making vaccines is so difficult, cost intensive, and high risk that in the 1980s, when drug companies began to incur legal costs over alleged harms caused by vaccines, many opted to simply quit making them. To incentivize the pharmaceutical industry to keep producing these vital products, the U.S. government offered to indemnify anyone claiming to have been harmed by a vaccine. The arrangement continues to this day. Even still, drug companies have generally found it more profitable to invest in the daily-use drugs for chronic conditions. And coronaviruses could present a particular challenge in that at their core they, like influenza viruses, contain single strands of RNA. This viral class is likely to mutate, and vaccines may need to be in constant development, as with the flu.

“If we’re putting all our hopes in a vaccine as being the answer, we’re in trouble,” Jason Schwartz, an assistant professor at Yale School of Public Health who studies vaccine policy, told me. The best-case scenario, as Schwartz sees it, is the one in which this vaccine development happens far too late to make a difference for the current outbreak. The real problem is that preparedness for this outbreak should have been happening for the past decade, ever since SARS. “Had we not set the SARS-vaccine-research program aside, we would have had a lot more of this foundational work that we could apply to this new, closely related virus, ” he said. But, as with Ebola, government funding and pharmaceutical-industry development evaporated once the sense of emergency lifted. “Some very early research ended up sitting on a shelf because that outbreak ended before a vaccine needed to be aggressively developed.” [....]

from You’re Likely to Get the Coronavirus Most cases are not life-threatening, which is also what makes the virus a historic challenge to contain.

By JAMES HAMBLIN @ TheAtlantic.com, FEBRUARY 24, 2020

by artappraiser on Thu, 03/05/2020 - 6:31am

They'll bail out the airlines before they subsidize healthcare for the people who get sick. Watch.
— Dan Murphy (@bungdan) March 6, 2020

by artappraiser on Fri, 03/06/2020 - 1:00am

As global stocks have been roiled by the coronavirus outbreak, consumers stocking up have created a small class of market winners: makers of soup, disinfectants and video games https://t.co/7c9Ut9Pp9n pic.twitter.com/RD0pndqzgw
— Financial Times (@FinancialTimes) March 6, 2020

by artappraiser on Fri, 03/06/2020 - 1:24am

Korean health dispatches offer humor, intrusiveness, curiosity.

New reality show in town? After "Predator", S.Korea's really starting to climb in world culture.

https://www.theguardian.com/world/2020/mar/06/more-scary-than-coronaviru...

by PeraclesPlease on Fri, 03/06/2020 - 2:04am

Ezra Klein:

In 2015, Bill Gates told me a deadly flu-like pandemic spreading under globalized conditions was the most predictable disaster in the history of the human race, and so there was no excuse to not be prepared for it.

I'm thinking about that a lot lately. https://t.co/2XlyCtTdwW
— Ezra Klein (@ezraklein) March 6, 2020

by artappraiser on Fri, 03/06/2020 - 11:59am

Many are going to hafta wash their hands directly after voting:

And the touchscreen voting machines. Exercising democracy while spreading a pandemic.
— Julia Carro (@dipiteee) March 6, 2020

by artappraiser on Fri, 03/06/2020 - 12:35pm

I read it as "directly after vomiting". Which would seem to be kinda obvious,
but in 2020, who knows...

by PeraclesPlease on Fri, 03/06/2020 - 1:00pm

Stanford just cancelled classes for the rest of the quarter. To those in DC proclaiming that the #COVID19 is contained, it sure doesn't feel that way here in California. https://t.co/VFHwchYRaB
— Michael McFaul (@McFaul) March 7, 2020

Feel sorry for kids at expensive colleges that are going virtual. They fought so hard (morally or immorally) to get in and now it's as if they stayed home and pursued an online degree. A lesson in itself, I guess, that you can't plan your life! It's a crap shoot.

by artappraiser on Sat, 03/07/2020 - 2:46am

And those in the 40's for when the Nazis closed all the schools. Or the 30's when they went out hustling dimes instead. Or those in the 60's when college half meant a way to not get drafted or caught up in protests. Or those in Australia who've watched their whole environs burst up in flames the last few months. Or the 10's/100's of thousands of Syrian refugees fleeing from the latest Turkish/Syrian bombing. It perhaps will be all over in 6 months, if so a ruined semester & something to talk about & yes, a lesson in Black Swans and impenetrable walls in the highway of life. Maybe it'll also prompt a further relook at education, to improve methods of passing on information & what "education" of all sorts means and better seeing where that fits with the social aspects, group think, teamwork, societal integration, et al. I'm a bit jaded about the freeform global travel/instagram posting where everyone's some kind of amateur photojournalist with only an Uber & AIrBNB & internet cafe to worry about (ok, data plans make internet ubiquitous). A lot of shit's broken right now - and much of it's not fixed just by yet another mobile app, but brain- and back-breaking work in a variety of areas.

by PeraclesPlease on Sat, 03/07/2020 - 6:40am

You're right. Plus if that don't sound like a wise dad telling the kid to quit yer whining and eat your vegetables, children are starving in China, and when life hands you lemons, make lemonade. You must have some experience.

by artappraiser on Sat, 03/07/2020 - 12:02pm

But the message is same for millennials and Gen X. Even 2008 was a mild distraction. World War I ended for Spanish Flu to begin, wiping out 2-3% of nearly *every country on Earth*. Equal opportunity annihilator. Then depression era/WW2 - 60 million plus killed. China experimentation was 2 bouts of 10 million each, along with an occasional Indonesia, Rwanda, Congo, Cambodia. And then there's the extreme poverty that we mostly got rid of. Imagine our booming population had the 30% extreme poverty of 1980 - 2.1billion? Fuck. Instead it's 8% - 600million. Big difference. Part of why EU's floundering right now is no Soviet Army scaring the shit out if us. Threats produce resolve, calls to action. Calm makes people bored, they create problems (and steal more than acceptable). Global warming has come up too slow, we're complacent. A pandemic will catch our attention. Danger sadly is not enough will die so we'll think we always dodge the bullet. Upside will be if we feel more involved, on edge, call to action. We were heading towards a relative Utopia in the 90s, and we let it slip away. It can be done again, even though it feels a long way from Jerusalem right now.

by PeraclesPlease on Sat, 03/07/2020 - 12:57pm

he not busy being born is busy dying....

you discover you just be one more person crying...

Disillusioned words like bullets bark
As human gods aim for their mark
Made everything from toy guns that spark
To flesh-colored Christs that glow in the dark
It's easy to see without looking too far
That not much is really sacred....

Advertising signs that con you
Into thinking you're the one
That can do what's never been done
That can win what's never been won
Meantime life outside goes on
All around you

You lose yourself, you reappear
You suddenly find you got nothing to fear.... Etc.

by artappraiser on Sat, 03/07/2020 - 12:43pm

I'm not a Boomer', I'm GenX, the fuck you generation. Old enough to know all the 60s heroes, but the Detroit we got was a darkened cityscape under foreclosure, "last one to leave turn out the lights", not "We can change the world" but helicopters lifting off the embassy, not Woodstock but disco. Put a sweater on it and do with less. Ending in Compton riots, "why can't we get along". I'd be bitter, but it was a blast overall. I'll trade those down-in-the-gutter-but-loving-it values for any woke generation bullshit. We still knew how to work on cars, hack computers without toolkits, find a flat abroad w/o Uber or AirBnB. Party at Ground Zero/Eating Raoul.

by PeraclesPlease on Sat, 03/07/2020 - 1:05pm

I presume you are referring to a club named after the movie Eating Raoul. Movie triggers bad memories. There was a friend from France visiting, antiques guy into the hippest stuff, about 5 yrs. older than me. I so wanted to impress him that I was a cool hip chick to stay with and hang around with, I said let's go see it, seems to be quite the thing. I was trying to stay open minded, but 20 minutes into it he said we gotta go, walked out said that's possibly the worst movie he ever saw. We liked what was going on at punk clubs, etc., found that exciting. But that movie, boomers didn't get it, a bridge too far, I think that's when you lost us and the generations really separated.

by artappraiser on Sat, 03/07/2020 - 2:22pm

Trump spin ain't going to do the calming trick-- ala It's Alright, Ma, I'm Only Bleeding? It's the "everything Trump touches dies" thing and it's the panic stupids.

I don’t want to say the supply chain issues are a red herring, but the “interest rates can’t fix supply chains” people are missing a huge, cascading series of negative demand shocks. https://t.co/GkkH1N703s
— Matthew Yglesias (@mattyglesias) March 7, 2020

https://t.co/PLJAc3ykzZ
— Austan Goolsbee (@Austan_Goolsbee) March 7, 2020

by artappraiser on Sat, 03/07/2020 - 12:27pm

I see lots of blaming the media for fearmongering for ratings. Okay, but I am thinking something like this protest is not helpful along those lines, either:

Overpass above deserted Seattle freeway at rush hour 3/5 #COVID #coronavirus #seattlecovid19 #Seattle #CoronaVirusUpdate pic.twitter.com/maqZGdkdtd
— Mary Larson (@marylarsonart) March 7, 2020

Might win an election but lose the war?

by artappraiser on Sat, 03/07/2020 - 12:52pm

Krugman:

Boring but possibly useful thread on economics of Trumpvirus. Econ 101 tells us that there are two kinds of macro shocks: demand shocks like 2008 financial crisis and supply shocks like 1979 oil crisis. Policy implications differ 1/
— Paul Krugman (@paulkrugman) February 28, 2020

by artappraiser on Sat, 03/07/2020 - 12:47pm

Every one of these sentences is astonishing. This is in Italy's biggest economic engine. https://t.co/VPidSXr4c2 pic.twitter.com/WYTNvrJ0n1
— Joe Weisenthal (@TheStalwart) March 7, 2020

this is the equivalent of what the Chinese did when they blocked off Wuhan https://t.co/n95dI1hH4a
— Anne Applebaum (@anneapplebaum) March 7, 2020

by artappraiser on Sat, 03/07/2020 - 4:47pm

contingency plans being made for virtual conventions:

Contingency plans are being made by both parties https://t.co/9oOudNZ4D8
— Ron Fournier (@ron_fournier) March 8, 2020

by artappraiser on Sun, 03/08/2020 - 3:20am

Quarter of Italy's population put in quarantine as virus reaches Washington DC plus some endtime-style updates on UK, Australia, China; my underlining

Giuseppe Conte signs decree early on Sunday after 1,200 cases confirmed in 24 hours

Helen Davidson, Lorenzo Tondo , Verna Yu and agencies @ TheGuardian.com, March 8

Italy has formally locked down more than a quarter of its population in a bid to stop the spread of the novel coronavirus, as the outbreak reached Washington DC and a political convention attended by Donald Trump and Mike Pence.

More than 5,800 cases of Covid-19 have been confirmed in Italy, after an alarming increase of more than 1,200 in a single 24-hour period. Two hundred and thirty-three people have died. Almost 100 countries are now responding to outbreaks.

In the early hours of Sunday, Italian prime minister Giuseppe Conte signed a decree enacting forced quarantine for the region of Lombardy – home to more than 10 million people and the financial capital, Milan – and multiple other provinces, totalling around 16 million residents.

Affected provinces include Venice, Modena, Parma, Piacenza, Reggio Emilia, Rimini, Pesaro and Urbino, Alessandria, Asti, Novara, Verbano Cusio Ossola, Vercelli, Padua, and Treviso.

The lockdown decree includes the power to impose fines on anyone caught entering or leaving Lombardy, the worst-affected region, until 3 April. It provides for the banning of all public events, closing cinemas, theatres, gyms, discos and pubs. Religious ceremonies such as funerals and weddings will also be prohibited, and leave for healthcare workers has been cancelled [....]

In the UK, the government is preparing its own emergency response measures, including emergency legislation allowing people to switch jobs and volunteer to work in the NHS or care homes, and for courts to use telephone and video links.

The banning of people over 70 attending public events is also reportedly being considered by the Cobra emergency committee, which meets on Monday [....]

Australian authorities are also searching for people, including government employees, who came into contact with two defence force personnel since diagnosed with the virus. Three people have died in the country, with more than 70 confirmed cases. On Sunday, the federal health minister urged people to avoid panic buying, which has seen two people charged for fighting over toilet paper.

The rate of new infections in China, where the outbreak began, has slowed.

But Professor Yuen Kwok-yung from the University of Hong Kong, who has been advising authorities on control measures in the city, said the worry for mainland China and Hong Kong was reverse-imported cases, and urged Hongkongers to avoid travel until the end of the year.

“We think the epidemic will probably not come to an end,” Yuen said. “There will be what we call reversed imported cases. In the beginning other countries feared us, now we fear them [for bringing in the virus].” [....]

by artappraiser on Sun, 03/08/2020 - 4:02am

[Coronavirus Impact Stories] Britain's Biggest Domestic Airline Collapses into Administration

Comments

Sections

Bloggers