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Local spread of coronavirus marks turning point in U.S.


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27 minutes ago, Zambroski said:

I hope am panicking at the appropriate level.  Is there some kind of gauge to test?

well I assume you went out and got your 2 weeks of food water and masks when the talking heads on the news told you to right? 

if not you are deff not panicking at the appropriate level yet . now drop it all and get your ass to Costco and you stand there in a tyvak suit and full respirator and wait for them to open .

this tragity that just struck our shores in such a massive way gives me a idea for a bank robery costume 

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Reminds me of the 1976 Swine Flu fiasco, I watched 100's of folks lined up at schools for info and shots, it was going to kill millions.then .there was was Y2K which was going to create World disasters everywhere..such gullible people.

The Long Shadow of the 1976 Swine Flu Vaccine ‘Fiasco’

Some, but not all, of the hesitance to embrace vaccines can be traced back to this event more than 40 years ago

dix.jpg This 1976 photograph shows a woman receiving a vaccination during the nationwide swine flu vaccination campaign. (CDC)

In the spring of 1976, it looked like that year’s flu was the real thing. Spoiler alert: it wasn’t, and rushed response led to a medical debacle that hasn’t gone away.

“Some of the American public’s hesitance to embrace vaccines — the flu vaccine in particular — can be attributed to the long-lasting effects of a failed 1976 campaign to mass-vaccinate the public against a strain of the swine flu virus,” writes Rebecca Kreston for Discover.  “This government-led campaign was widely viewed as a debacle and put an irreparable dent in future public health initiative, as well as negatively influenced the public’s perception of both the flu and the flu shot in this country.”

To begin with: you should get a flu shot. You should certainly get all of your other vaccines and make sure your children get them. They will protect you and others from getting deadly and debilitating things like mumps, whooping cough, polio and measles. But this is a story about one time over 40 years ago when poor decision-making on the part of the government led to the unnecessary vaccination of about 45 million citizens. We can't blame it for the modern anti-vaccine movement, which has more recent roots in a retracted paper that linked one vaccine to autism, but it certainly had an effect on the public's view of vaccines.

On February 4 1976, a young soldier named David Lewis died of a new form of flu. In the middle of the month, F. David Matthews, the U.S. secretary of health, education and welfare, announced that an epidemic of the flu that killed Pvt. Lewis was due in the fall. “The indication is that we will see a return of the 1918 flu virus that is the most virulent form of flu,” he said, reports Patrick di Justo for Salon. He went on: the 1918 outbreak of “Spanish flu” killed half a million Americans, and the upcoming apocalypse was expected to kill a million.

Spanish influenza was another form of swine flu, di Justo writes, and researchers at the Centers for Disease Control thought that what was happening could well be a new, even deadlier strain that was genetically close to the 1918 strain.  

To avoid an epidemic, the CDC believed, at least 80 percent of the United States population would need to be vaccinated. When they asked Congress for the money to do it, politicians jumped on the potential good press of saving their constituents from the plague, di Justo writes.

The World Health Organization adopted more of a wait-and-see attitude to the virus, writes Kreston. They eventually found that the strain of flu that year was not a repeat or escalation of the 1918 flu, but “the U.S. government was unstoppable,” di Justo writes. They had promised a vaccine, so there needed to be a vaccine.  

This all happened in the spring, with emergency legislation for the “National Swine Flu Immunization Program,” being signed into effect in mid-April. By the time immunizations began on Oct. 1, though, the proposed epidemic had failed to emerge (although Legionnaires' Disease had, confusing matters further.)

“With President Ford’s reelection campaign looming on the horizon, the campaign increasingly appeared politically motivated,” Kreston writes. In the end, one journalist at The New York Times went so far as to call the whole thing a “fiasco.” Epidemiology takes time, politics is often about looking like you’re doing something and logistics between branches of government are extremely complicated. These factors all contributed to the pandemic that never was.

The real victims of this pandemic were likely the 450-odd people who came down with Guillain-Barre syndrome, a rare neurological disorder, after getting the 1976 flu shot. On its website, the CDC notes that people who got the vaccination did have an increased risk of “approximately one additional case of GBS for every 100,000 people who got the swine flu vaccine.”

Several theories as to why this happened exist, they say, “but the exact reason for this link remains unknown.” As for the flu shot today, the CDC writes, if there is any increased risk it is “very small, about one in a million. Studies suggest that it is more likely that a person will get GBS after getting the flu than after vaccination.”

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Butterfly Effect: How Y2K Caused the Financial Crisis

 

I've always been fascinated by the butterfly effect. The idea is simple and powerful, but perhaps highly underestimated in terms of its effect. One of the interesting concepts within chaos theory is that in a dynamic, ever-changing system, a small variation in some initial condition can cause a significant variation in the long-term behavior of that system. To make the analogy, a butterfly flapping its wings in say India could cause a ripple effect that results in a hurricane in the U.S. months later. To put it simply, small things end up having a disproportionate impact on the final result.

Let's think about the butterfly effect in terms of the last 10 years, one of the worst decades for equity returns since the Great Depression. The core reason behind the financial crisis was excess leverage and esoteric structured products which ended up blowing up in investors' faces. It was easy credit that fueled the rise and eventual popping of the housing bubble, where no-money down was all the rage. It was easy credit which fueled sub-prime speculation, the first domino to fall.

What caused the enormous boom in credit and leverage that eventually led us up to the financial crisis? Low interest rates of course! But why exactly did we have low rates that caused massive credit expansion prior to the crisis? While the terrorist attacks of September 11th did keep rates low, it was the Fed's response to the bursting of the Technology bubble and ensuing recession during the 2000-2002 period that forced them to act.

 

39580-128750234519718-Michael-A--Gayed--CFA.png

I've heard economists make the argument that the reason why the financial crisis happened is because the Fed kept rates too low for too long during this period. But let us not forget that the Fed was responding to the dot-com bubble popping. The NASDAQ composite went from over 5000 to below 1500 in the wreckage. So the next thing to address then becomes why the Technology bubble happened.

 

Bubbles are for the most part fueled by credit growth, which encourages speculation and risk-taking. To understand the credit environment leading up to the bubble, we need to look at the monetary base in 1999.

39580-128750247176159-Michael-A--Gayed--CFA.png

Notice the spike that occurred in the middle of 1999 to the monetary base. What happened effectively was the the Fed was concerned about the Y2K bug. If you'll remember, the Y2K bug was a problem in legacy software whereby years were recorded in 2 digit format. By the time the year 2000 would come along, this legacy system of recording dates would show “00” which would subsequently be interpreted as 1900 rather than 2000. The media at the time was drumming up fear by making it seem that computers would literally stop functioning once the new year hit.

The Fed itself was highly concerned about the impact on bank reserves. Because of fear surrounding a possible bank run in the months leading up to 2000 (get my cash now before ATMs stop working), the Fed proceeded to aggressively expand the monetary supply in an effort to front-run what was believed to be a major crisis in the new year. This monetary expansion could very well have been the fuel behind the Tech bubble.

The potential butterfly effect can then be outlined as followed:

Computer software programmed years in 2 digits (the butterfly) → Y2K scare → Fed Monetary Expansion ->Tech Bubble → Fed Lowering of Rates for Extended Time → Housing Bubble → Credit Bubble → Financial Crisis (the hurricane).

 

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how about hoof and mouth. another pandemic right here in the good ol USA thats been an issue but kept fairly quiet for some time now. swine flu in asia hit before this one and hit HARD wheres the reporting on that now??    the just dont talk about it routine has made most forget aaaaaaalll about it but,  its not gone, just like lepracy in the states,, its still around.  this will be ssdd with most in no time.  its a strange world we live in.   :hdchr:

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9 hours ago, Ez ryder said:

well I assume you went out and got your 2 weeks of food water and masks when the talking heads on the news told you to right? 

if not you are deff not panicking at the appropriate level yet . now drop it all and get your ass to Costco and you stand there in a tyvak suit and full respirator and wait for them to open .

this tragity that just struck our shores in such a massive way gives me a idea for a bank robery costume 

Well, I don’t really stockpile anything but, that’s the good part about living in a  Libtwat area.  Well just load up the trucks once a week with some of us hard, pipe hittin’ niggers and go steal all their shit.  They won’t have guns so, we can’t take any of those.  We’ll get those from the Benny’s and the other half-witted commando wannabes.  But we can let them tag along for support personnel.  Ben has a large smoker and knows hot to use it.  This makes him valuable in the apocalypse.  Mmmm.....smoked librul!  I wonder if that meat is bitter and sad tasting to the bone?

:lol:

 

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5 minutes ago, Zambroski said:

Lol.  Good times.

:bc:

 

:lol:

threat levels are high.  If you see something, say something!!!!!!!   
 

We really need to stay calm and resist rhetoric that might endanger our Asian citizens.  

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