Yesterday we said we’d do numbers and then news. Here is the news.
I’m sure that there are more headlines that we could reference here. We’re doing out best to give a broad overview today, largely focused on news that will be relevant for more than 24 hours.
You can barely find a mortgage at those rates. We’re glad to help you with the application if needed.
Arizona is being reported as a hotspot with over 1,000 new cases yesterday. The same day, the South China Morning Post called an outbreak in Beijing, “explosive.” Beijing had 79 cases Thursday-Monday. How does China respond to 79 new cases?
We’ll probably keep highlighting the differences between how Asia and the West respond because the American media does a very poor job explaining how vast the gap is. The Asian countries that have the virus under control consider a couple of dozen cases serious. In the US, a couple of dozen cases seems like magical realism. In China, they will lock down harder over 100 cases than the US locked down at the peak of the outbreak.
It also means that it is very difficult for us to learn about public policy responses from watching China.
FDA has ended allowing the use of hydroxychloroquine and chloroquine as a treatment for COVID-19. This isn’t a surprise, there isn’t solid science to backup that it helped and those drugs are needed by other people who have non-COVID medical conditions.
Ars Technica has an excellent article on a topic we’ve touched on: early research is showing that 10-20% of infectious people are responsible for most of the Sars-Cov-2 spread. In one study, 70% of people didn’t pass it on to anyone. Take all of this with a grain (or box?) of salt: these studies are still early and biased towards Asian data. As we’ve mentioned, the Asian response has been vastly different from the US response.
The Washington Post is reporting that those with underlying conditions have a mortality rate 12x higher than others. However, separate studies show similar increases in mortality due to race alone.
It’s worth understanding how hard it is to tease out these separate variables. There is enough research into the effects of race and the inequalities that came with being non-white on health that we don’t doubt that race is a significant component, by itself. However, it will probably be years before we have solid science behind the effects of race on COVID-19 outcomes: we just don’t have enough quality data.
24 Hour Fitness is filing for chapter 11 (restructuring bankruptcy) and closing 130 locations. The same article notes that, “Financial services company Moody’s had already downgraded 24 Hour Fitness’ status in December 2019 before the onset of the pandemic…” You can call weak corporate finances a comorbidity for business outcomes, in our opinion.
Arizona is getting blistering criticism for it’s handling of Coranvirus. They are clearly on the upswing:
The growth rate here is really high: that’s a 7-day average of >1500 new cases per day. It looks like AZ is on the exponential curve up. A key consideration: these numbers probably are close to reality, compared to New York at it’s peak when the actual cases were likely multiples higher than what was being tested.
Their cases are concentrated around Phoenix, however, the northeast counties have much higher rates per capita:
Those would be the Navajo and Apache counties with the highest case rates per capita.
Parts of Europe are re-opening, with France re-opening borders this morning, and other countries opening borders or easing other restrictions.
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Thanks to those that have shared kind words or liked these posts. We’re doing out best to put out data-driven analysis, each one of these takes about 2 hours. It’s helpful to know that they are being read.
If you want copies of the Excel sheet and PowerBI Reports we use to put these together email us, email@example.com. Right now, our PowerBI combines data from NYT, COVID Tracking Project, and the TN Department of Health. Most sets are updated daily