Saturday, January 07, 2023

Yes, indeed, CEOs are such brilliant leaders for profit, except, when a pandemic disrupts supply chains.

CEOs are not the leaders government needs. Governing, be it China or the USA, is not about efficiency, it is about the people and what is best for their ultimate outcome.

Now, because of the CEOs pressure to return China back to manufacturing cheap labor, the people are sick and dying. So much for manufacturing. At the beginning of the pandemic in the USA people were worried about toilet paper, it has gone way beyond that now.

Additionally, China is trying to buy up all sorts of oil supplies. It is decreasing some discounts. The petroleum distributors need to see their responsibility in global stability and the future of the planet.

The Free World needs to ban together, maintain their focus on freedom, the well being of the people and complete conversion to alternative energies.

January 4, 2023
Speaker - Andrea Garcia, JD, MPH, vice president, science, medicine & public health, American Medical Association

...Garcia: Yeah, China unfortunately is seeing the highest number of cases per day (click here) since the start of the pandemic and there are increasing reports of severe disease there. The outbreak has gone from bad to worse since that sudden reversal of its zero-COVID policy last month. And that zero-COVID rule basically prevented people from leaving their home if cases were detected in their area. People were undergoing regular testing.

And they also required overseas travelers, including Chinese nationals, to stay in quarantine for as long as two months before entering the country. That reversal of those policies has likely exposed two vulnerabilities. And the first is that a lot of the country has not been vaccinated, including its most vulnerable older population. And second, because of the many lockdowns that they've undergone, they don't have much natural immunity from some of the previous COVID waves.

The other thing to keep in mind is that the situation on the ground there is difficult to track because China is not releasing reliable COVID data. The stories and videos coming out do suggest that the crisis there is worsening. And if you look at some of the recent New York Times reporting, local governments have reported hundreds of thousands of infections a day. And sick patients are crowding hospital hallways, which is reminiscent of the early days of the pandemic....

The transmission between the Chinese and the poor reporting to the global medical organizations allows more danger to the type of variants that are currently mutating among a billion Chinese. 

What is XBB.1.5? (click here)

It is yet another offshoot of the globally-dominant Omicron Covid variant. Omicron has outperformed the earlier Alpha, Beta, Gamma and Delta coronavirus variants since emerging in late 2021.

Omicron has also given rise to many more contagious sub-variants....

XBB.1.5 is expected to become the dominant sub-variant in the USA and UK. It can circumvent the immunity of most people. All high risk people should be taking the usual precautions when it comes to masks, distancing and hand hygiene.

CEOs do not have the answer for the end to the COVID Pandemic.

January 6, 2023
By Michael S. Derby

New York - Declining world supply chain pressures (click here) are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.

The regional Fed bank’s December Global Supply Chain Pressure Index ticked down to 1.18 from November’s revised 1.23 reading. According to the report, supply chain pressures have been easing notably since the spring of last year and bottomed in September, and have since then been bouncing around in a tight range.

In a blog posting accompanying the report, bank economists said “while supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months,” adding that “our analysis attributes the recent pause largely to the pandemic in China amid an easing of ‘Zero COVID’ policies.”

In contrast to much of the rest of the world, until recently China has been pursuing aggressive lockdown strategies to mitigate the spread of the virus. Given China’s large role in manufacturing, that approach has kept pressure on supply chains over recent months. Now, the easing of restrictions has been attended by a massive wave of coronavirus infections, which threaten to keep pressure on the ability to ship goods out of China....