Yearly Archives: 2020

Day 250 – November 21, 2020

No B.C. numbers today, but here’s a brief look elsewhere…

Parts of Ontario (Toronto and Peel) are in a lockdown of the sort we saw around here at the start of this pandemic. Very tight constraints with respect to with whom you can get together, and strict rules around what that needs to look like. Everything else is pretty-much closed, except the essentials.

Saskatchewan saw a huge increase in numbers today, something they saw coming; measures were put in last week, but they’re now dealing with the effects of what came before. As we know, it can take a couple of weeks to realize the effects of these measures.

Alberta also set its record for new cases in the last 24 hours.

Today’s lesson in exponential growth comes from Nunavut… where, for the longest time (like till November), they’d seen zero cases. They got their first one Nov. 6th… their second one Nov. 7th… and then two more Nov. 8th. Then 8, 18, 26, 60… and they’re now over 100. Their graph is not a gentle slope or a hockey stick… it’s a literal cliff wall which they slammed into, after 7 months of flat road. That’s how this thing can take off.

In the spring, it was all about flattening the curve. For those late to the game, like Nunavut and Saskatchewan, where they never got a first wave, that’s where they’re at.

For places like Ontario and Quebec, it’s not just about flattening the potential frightening growth… it’s that the numbers, as flat as they may be (which they’re not) are already really big.

What’s worse… if you have 100 hospital beds available… to see cases go from 2 to 8 to 20 to 50 in a few days? Or to see them go 98, 99, 103, 98?

The answer is… it depends… on what measures are in place. Drastic measures are needed in example A, but example B is just as frantic, because it’s evidence of a problem that’s stressing the limits and that’s not going away unless something is done about it. Roughly speaking, example A is Nunavut and example B is Ontario.

The rate of growth is interesting to look at, on an apples-to-apples basis. I’ve added Time To Double (TTD) lines to the provincial graphs, and I’ve set them all (for now) to 20 and 25, so you can compare the data against those straight lines… and across provinces. Don’t worry too much about where those lines cross, just look at the slope of the data compared to the TTD lines. B.C. and Alberta are examples of consistent growth… you can see the recent growth is virtually parallel to the TTDs of 25. And at their steepest recent points, both Saskatchewan and Manitoba had recent TTDs approaching 10.

You’ll notice that Quebec and Ontario are a lot flatter. Indeed, their TTDs are 50 and 77 respectively. Their issue isn’t so much exponential growth… it’s just that any growth is already putting pressure on a system that at some point won’t be able to handle it.

Follow & Discuss on Facebook

By |2020-12-03T18:57:46-08:00November 21st, 2020|Categories: COVID-19 Daily Report, Politics, Science of COVID-19|Tags: , , , , , , , , , , , |5 Comments
Read More

November 20, 2020

In hindsight, there was plenty to learn from Donald Trump’s nomination of the first (of his three) Supreme Court Justices. Before Barrett and Kavanaugh, there was Gorsuch.

This was very early into his presidency, and the announcement was to be like no other. Trump wanted a full-on reality-TV moment. Had he had his way, it would’ve been like a Bachelor/Bachelorette-like Rose Ceremony – held in the White House Rose Garden, of course – where Trump would’ve had his three finalists standing there, and with some great drama – heck, perhaps even by handing them a Rose – revealed to the world his choice. One of the other two, Tom Hardiman, was actually on his way to Washington for the “ceremony” until an insider reached out and told him something like, “Dude, bail… this is bullshit.”

Trump still made the best of it. He had Gorsuch and his wife hidden away, in a hallway. Trump made it all about himself, as usual, and after his magnanimous speech, finally had Tom Gorsuch, and his wife, emerge… to the thunderous applause so that he, Trump, could take credit for his awesome selection. “What is going on?”, asked some people. “This is going to be fun!”, said some others.

The astonishing reality show is exactly two months away from cancellation. Many of the actors have already moved on, some trying to distance themselves from the negative reviews, to find new shows. Some are holding on, hoping for a sequel. They will soon be bitterly disappointed. Nobody is picking this up for another 4-year run.

The problem, of course, is that the star of the show doesn’t want to go away, and it’d be funny were it not so tragic. His pathetic attempts of “They love me! They really love me!” aren’t going to take him anywhere.

Yet – and this is where it gets very serious – every single hour that goes by, with this petulant child-actor’s attitude of “If I lose, we all lose”, people are dying. The studio needs to reconfigure for the next 4 seasons, but they can’t, because the soon-to-be-former star won’t hand over the keys. He just makes lame and baseless excuses. How appropriate it was for Giuliani to be holding that almost-final press conference in the parking lot of a Four Seasons. Not the elegant hotel, of course, but the kind of Four Seasons operation the specializes in shoveling manure, exactly what his BFF/client has been doing for four long seasons.

It’s far too late to restore the tarnished image in which Trump has enveloped himself, but like any good show or series, some people just remember the end. The last 10 minutes of the last episode. And here we are, and Trump could actually make a difference. With now literally nothing else left to lose as president, he could at least leave it with a bit of a swan song… and invoke a federal mask policy. It would upset a lot of his core. It would also save tens of thousands of lives. It’s sad – tragic – that he won’t.

Closer to home, we *do* have a new mask policy, and whether you agree with it or not, how about you just do it? We can discuss it next year, whether it was as right as I said or as wrong as you said… because we both agree we’d like to get to next year, and we’d also like everyone around us, especially those we care deeply about, to get there as well. Yes, you might be young and healthy, and maybe this won’t affect you… notwithstanding a recent death here in BC was an otherwise-healthy man in his 30s… he and some co-workers tested positive. The co-workers all had mild symptoms, but the unfortunate victim got it much worse… and the point is, that even if you think you’re immortal, you have friends and family who are older, immunocompromised and/or simply as unlucky as that guy whose friends, family and co-workers still can’t believe it.

Outbreaks can happen anywhere, but the serious ones we hear about are care homes, which of course are populated with the people who are at highest risk… and it’s within those walls that infections can spread like wildfire. Tabor Home, a long-term care facility in Abbotsford had 4 cases (two staff, two residents) two weeks ago. Today, it’s over 100. How did that happen…?

There are more of you out there than you think… that have this virus. Eighty percent of you will never even know it… yet, for a while, you were just as infectious as anyone else… and somewhere along the line… while not wearing a mask and/or being too close to someone else, you passed it along… and so on and so on. Breaking those chains of transmissions is what it’s all about, and far more of us are potential links in that chain… that inevitably end at someone who is unable to fight it off. Once it enters an environment like a care-home, it hits hard.

If you think wearing a mask or not getting together socially or not travelling isn’t to your benefit, think about others… because your irresponsibility could literally kill someone else. Think about them… some elderly resident of a care home… whose life is worth far more than your irresponsible little maskless get-together. The get-together can wait. That elderly resident is also waiting… for a hug from their grand-daughter. Do your part to make sure that eventually happens.

Follow & Discuss on Facebook

By |2020-11-22T17:04:33-08:00November 20th, 2020|Categories: COVID-19 Daily Report, Follower Favourites, Politics, Science of COVID-19, Humour|Tags: , , , , , , , , , , |0 Comments
Read More

November 19, 2020

Earlier today, Dr. Henry laid down the law… a detailed and lengthy list of restrictions, which are now in place for at least two weeks (Dec 7th)… and this now applies to the entire province. The whole thing can be read at www.bccdc.ca – but here’s the summary… go back to how you were doing things in March and April: No social gatherings outside your immediate bubble. No non-essential travel. And by the way, masks are now mandatory. Finally, some clout behind the good sense. If you’re out in public, indoors, wear a mask. It’s that simple, and every business and every person walking into a business… needs to respect that.

As heavy-handed as it sounds, it’s with a finish line on the horizon… and the idea is to get there without overwhelming our medical system. The numbers don’t lie; if we don’t change course, we will run out of hospital beds and equipment before we get there… yet, we know there are people who won’t follow the rules. We know there are people who held lavish parties over the weekend. Heck, I know we’re not supposed to talk about it, but police in New York busted an actual Fight Club, with 200 fighters and numerous participants all crowded together. The U.S. went over 12,000,000 cases today… over 2,000 deaths today, for the first time. Almost 200,000 new cases today. Ouch.

It takes a while to see the effects of these orders… so, again, like back in March/April… we sit and wait… and hope things don’t spiral out of control.

From a flattening-the-curve point of view, when we’d actually flattened it… back in June, the cases Time To Double was 175 days. That dropped to 100 in July. In October, cases were doubling every 43 days. In the first week of November, that number dropped to 26. In the second week of November, down to 24. Right now it’s at 23. I’d be surprised and delighted if it managed to stay above 20, but nothing changed till today, so the trend that got us here is likely to continue before it turns around. Now, we just wait and see how much worse it gets before it gets better.

Follow & Discuss on Facebook

By |2020-11-19T21:11:30-08:00November 19th, 2020|Categories: COVID-19 Daily Report, Politics, Science of COVID-19|Tags: , , , , , |0 Comments
Read More

November 18, 2020

It’s been a while since I’ve written anything about Sweden, so it’s time for an update. To rewind to the almost-beginning, the first thing I ever wrote on the topic was on April 10th… my opinion with respect to what they were doing handling this pandemic… you can read it here: https://kemeny.ca/2020/04/10/april-10-2020/

If you’re not familiar with what they attempted to do, it’d be helpful to read that, for context. And here we are 7 months later:

Did their approach cause more deaths? They’d hoped it wouldn’t, but understood it might… but that the risk/reward was worth it. To summarize, “Some people might die, but saving the economy makes it worth it.” That post from April makes it pretty obvious that things were not heading in a great direction, but I suppose they’d hoped things would settle down.

How bad was it? The obvious comparison would be against their Scandinavian neighbours… and here are the deaths per million caused by C19:

Norway: 55
Finland: 67
Denmark: 133
Sweden: 624

Let’s mark that one down in the “miserable failure” column… but at least the economy was saved, right?

The usual measure of economic growth/decline is GDP. Here are those four countries’ rough economic declines for 2020, as per data from the OECD:

Norway: -5.1%
Finland: -5.9%
Denmark: -7.9%
Sweden: -7.7%

Not only did their economy suffer just as badly as their neighbours (the ones with one tenth the number of deaths), but it was actually a little worse.

Well… at least they achieved herd immunity, and after all those great sacrifices, they won’t have to face a second wave like all the rest of us, right?

Unfortunately, that second wave is hitting Sweden very hard, as we speak… so hard, in fact, that Sweden is abandoning the Swedish model. The very lockdowns and closures they’d so adamantly refused… are now in place. They’ve finally admitted to themselves that herd immunity is unachievable without a vaccine, or a tremendous amount of carnage, something that’s been evident to everyone else for a long time.

The whole thing was an unfortunate disaster, and for more than one reason, not the least of which was other “leaders” touting the benefit of the Swedish model and imposing it on their populations. Before all of this, the only thing that came to mind when you heard “Swedish model” was Tiger Wood’s wife… but, oh… how things have changed.

Those two Swedish models actually have something in common… one beat up her cheating husband and smashed up his SUV. The other one beat up an entire country, and smashed any confidence anyone could possibly have that letting this virus run its course is a good idea.

Elin Nordegren realized she was in a crappy situation, and moved on. Better late than never. I guess the same can be said about Sweden.

Follow & Discuss on Facebook

By |2020-11-18T20:56:40-08:00November 18th, 2020|Categories: COVID-19 Daily Report, Science of COVID-19|Tags: , , , , , , , , , |0 Comments
Read More

November 17, 2020

Back at the start of the pandemic, when things were growing frighteningly out of control, there were a lot of charts and diagrams being published about the present and future potential “Time to Double”. When you’re dealing with exponential growth, the steeper the curve, the quicker the numbers double from where they are today. For a while, things got frantic. Then they got flat. Now they’re not so flat anymore, but certainly not as steep as they were back then. Which is perhaps why there’s less panic about these ever-increasing numbers.

But maybe there should be a bit more concern than what’s actually being seen. It’s harder to move bigger numbers. But that’s because they’re already big, and we’re not just dealing with relative numbers here. We’re dealing with absolutes.

If you look at B.C, it’s pretty consistent over the last week… a 3% growth of cases on a daily basis. That translates to a TTD of about 25 days… meaning, at the rate things are increasing, we will go from 23,500 cases to 47,000 by Dec. 12th. We’d be hitting 100,000 by early January. The demand on hospital beds, ICU beds and ventilators will scale up proportionally as well. Today’s hospitalization and ICU numbers are the highest ever in this province. What’s also the highest, by a lot, is the 11 deaths over the last 24 hours.

I’m growing uneasy at the nonchalance that’s out there, potentially starting at the top. I’ll be honest, if I were in charge, commanding traffic, there would be some stiff measures being thrown into place. I’m clear on the reasons being given as to why that’s not happening; that the majority of transmission is taking place in private homes, by the nonchalant crowd who simply won’t listen to reason. And while that’s going on, restaurants and many other businesses are all open, because they have all the safety measures in place.

That’s all fine in theory, but for some reason I keep hearing about people catching this; people who are taking all the safety measures they can, and they simply get it, and they have no idea when or where or why. So yes, I would be heavy-handed and I would take a lot of flak for it and some businesses might fail, especially those who count on the holiday season to see them through the much leaner rest-of-the-year. But I would mitigate this with some intelligent guesswork with respect to what the future has to offer. Nobody likes to make announcements they can’t live up to, so we get ‘safe’ guesses. On the flipside, never underestimate the human potential when our backs are against the wall.

I have a bet with a friend that I think I’m going to cash, made back in March – me saying there will be a vaccine by the end of the calendar year; perhaps not one readily available, but the one we’ll all eventually get by the time they manufacture enough. But the public, not just test-subjects, will be getting jabbed with it by Dec 31st. And it’s looking likely that might happen.

We’ve all heard vaccines typically take 3 to 5 years. We’ve all heard this one will be super-rushed to get it down to 12 to 18 months. Here we are, 9 months into it… with a very real possibility that this particular finish line has already been hit. Way to go, humans.

Which brings me back to the point… a very viable finish line on the horizon, with a time period of “now till then” which is shorter than what we suffered through the first time. We’re hearing summer. We’re hearing by this time next year. And I’m saying it’ll be sooner than that… because it won’t be a magic switch. This will be like trying to get a car going, starting in 6th gear. You have to let that clutch out super-slowly, and you might damage it, but if you do it right, you won’t stall the car and eventually you’ll be up to speed. It’s a painful process to get there, but at some point, you realize your foot is completely off the clutch… and you’re driving normally. Similarly, as things slowly re-open for real, one day you’ll realize it’s back pretty-much back to normal.

When we locked this province down back in the spring, there were outcries of “overkill” and “our economy” and all that. But it worked. With a big, vast unknown future in front of us, we bought into it, we did it, and it worked.

I think it’s time to take that deep breath, suck it up, and do it all again… this time, with that finish line well in sight. Call me Captain Overkill – I don’t mind. I know a bit about risk/reward, and I’m not known for not taking risks… but that means carefully thinking about it and picking your spots. And this one, to me, is a no brainer. Everyone go home for a few weeks, close schools early, suffer through a very weird holiday season… and then things, sooner than later, will be better. A lot better. I promise.

Follow & Discuss on Facebook

By |2020-11-17T19:39:56-08:00November 17th, 2020|Categories: COVID-19 Daily Report, Politics, Business & Economics, Science of COVID-19, Sports & Gaming|Tags: , , , , , , , , , |0 Comments
Read More

November 16, 2020

Terrific news today regarding Moderna’s vaccine trial… an unheard-of efficacy rate of 94.5%. In the study, 30,000 volunteers received a vaccination. Half of them got the real thing, half of them got salt water. Out of all those volunteers, 95 of them got infected with C19. Of those 95, 90 had gotten the placebo, and 5 had gotten the vaccine. Of those 5 who’d gotten the vaccine, none had a serious case of C19. Out of the other 90 cases, 11 of them were serious, a number that lines up with what’s been seen with some consistency out in the wild. In summary, as expected with any vaccine… it doesn’t guarantee you won’t get sick, but it dramatically cuts down your chances. And, if you do get sick, it’s likelier to be a milder course of illness. And, added bonus, this Moderna vaccine doesn’t need extreme cold to be transported or stored. It lives at the same temperature (conventional refrigeration) as many other common vaccines.

It’s great news if it holds up, like nobody in that study suddenly gets super-sick and has serious side-effects or anything like that. On that assumption, Moderna is already manufacturing for production, and some of the public (those at highest risk) might be getting the jab by late December. Perhaps by spring, we’ll be seeing a much larger general rollout. If that’s the case, there will be one hell of a lot of incredible summer parties. I’ll be sure to host a few. You’re all invited. Well… most of you.

However… we’re not there yet… and, as every day goes by, we seem to be drifting further and further from it. We will ultimately hit that finish line, but the idea is that most of us get there, and in good health.

I’ve added a new row of graphs… a graphic representation of deaths, just below the corresponding case-counts, just to keep a little reality in the picture… because there is a double-edge to the sword that will ultimately slay this virus, and that is… that this vaccine’s existence, whether today or in the future, gives many people the idea that this is all almost over and we can just gently glide to the end, and it’s party time now.

This is exactly not the time to let our collective guard down. The virus is still out there, the weather is getting colder and we’re all going to be indoors a lot more. The steepness of case counts and death counts – see attached. The gently rising curve of death hasn’t hit the levels we saw back in April, but it’s not hard to see the trend. We saw how quickly it blew up last time; not taking the proper measures could lead to this getting far worse. It’s up to us to not let that happen.

Follow & Discuss on Facebook

By |2020-11-16T21:34:04-08:00November 16th, 2020|Categories: COVID-19 Daily Report, Business & Economics, Science of COVID-19, Life in Vancouver|Tags: , , , , , , , , |0 Comments
Read More

November 15, 2020

On the evening of March 21st, 2006, the B.C. Ferry Queen of the North departed from Prince Rupert, headed for Port Hardy. There is a tremendous amount of controversy as to what happened that night… books have been written, court cases have been tried, people have been fired, and… policies have been changed.

That night, thanks to the gross negligence of the two people on the bridge of the vessel – the ship’s fourth officer and the Quartermaster (who may have been fighting, or may have been having sex – either way, completely distracted), the ship missed the timing of an important maneuver, hit an underwater ridge of rocks that tore open the hull, and sank. Were it not for the heroic efforts of the Gitka’a’ata people in Hartley Bay, things would’ve been far worse. They took to the water in every boat they had, and rescued everyone they could. Unfortunately, 2 out of the 101 people on board were trapped, and are presumed to have gone down with the ship; their bodies have never been found.

One outcome of this tragedy was the policy change that made it mandatory for all ferry passengers to leave their vehicles during travel, lest the ship should sink and you be trapped.

The unlikeliness of that happening is difficult to overstate. BC Ferries provided more than 160,000 trips last year, moving close to 22 million passengers. Multiply that by 10 or 20 or 50 years, it doesn’t really matter… all you’re doing is changing your chances of dying on a ferry from one in a million to one in a billion or trillion or zillion. Whatever.

This policy does not sit well with many people, and I’m one of them. If I want to sit in the comfort of my car for the journey… maybe I have a crying baby or two, finally asleep in their car seats. Maybe I have a dog who’s cozy in his spot. Maybe I just want to listen to my music, read my book, play on my phone… in peace, in my environment. Maybe I have a broken leg and don’t want to be hobbling all over the place. Over the decades, I’ve had many reasons. More recently, one of those reasons was, of course, this pandemic… and B.C. Ferries, initially, agreed. In fact, they flipped the rule 180 early in this pandemic. Stay in your car. Don’t you DARE come upstairs, unless it’s a dire emergency. Sounds good.

Now, they’ve flipped it back again, at perhaps the worst possible time… and they’re being surprisingly adamant – arguably militant – about it. I really don’t get it. Persistent vigilance of the vehicle decks. Threats of fines or bans.

Since everyone *has* to get out now, it’s very crowded upstairs. The elevators are slow. The staircases are cramped. The cafeteria is full of people eating. The seating area is full of mask-deniers making selfie-videos of themselves showing how awesome they are, flaunting their freedom and laughing at all the people around them who are wearing masks and trying to socially-distance in an impossible environment.

A few things need to change here in B.C.

  1. This ferry policy has to go. In the midst of this pandemic, I don’t think I need to spell it out. If someone from B.C. Ferries can explain to me how staying in my car is more dangerous or puts me more at risk than the potential C19 exposure, I’d like to hear the argument. And I’m speaking for the benefit of others as well. What if I’m contagious and don’t even know it? You’re making me put everyone else at higher risk.
  2. B.C. is the only province not publishing anything C19-related over the weekend. No press release, no numbers, no update, no nothing. Everywhere else, whether they have over 120,000 cases (Quebec) or less than 20 (Nunavut), they’re keeping the information flowing continually, seven days a week.
  3. Mask policy – it’s high time they are made mandatory everywhere here in B.C., period. “Strongly urged” is no longer sufficient. Enough of the “we’re polite and we’ll do the right thing” mantra, and enough of the “people so inclined will ignore the rules anyway”. Just because the province doesn’t feel it can enforce it, it doesn’t mean you and I can’t. I’d welcome the opportunity to tell some mask-denier who taunts me with “Why should I?” with some sort of clout. “Because it’s the law”. “Because it’s an order”. Too much wishy-washy going on here, and the stakes are too high. It’s pretty clear what we’re heading towards, so let’s get ahead of it a bit. If the time for a mandatory mask enforcement is coming anyway (and it certainly is, or, at least, certainly should be), let’s just get on with it now.

Follow & Discuss on Facebook

By |2020-11-20T21:45:39-08:00November 15th, 2020|Categories: COVID-19 Daily Report, Follower Favourites, Politics, Life in Vancouver, Travel Stories|Tags: , , , , , , , |0 Comments
Read More

November 14, 2020

The U.S. Securities and Exchange Commission is tasked with keeping stock markets fair, clear, transparent and free of fraud. That’s their mandate, and they’re pretty good at doing so, especially these days when super-intelligent super-computers can keep tabs of everything that’s going on every millisecond, and can instantly flag irregularities. Getting away with it, whatever “it” is, is tougher these days.

The most straightforward type of stock fraud is when someone acts on insider information, and the most common version of that is someone inside a public company who’s privy to knowledge that the public doesn’t yet know. It can certainly be the CEO, the CFO, the CIO, the COO… whatever C-letter-O executive you can think of often has knowledge of the sort, but it’s usually not those people who try to pull a fast one. Those guys know they’re being watched, and they’re all already well-compensated. Any shenanigans that would be materially relevant to them would almost-certainly get caught.

No… usually, it’s an intern who runs across something left in the recycle bin next to the copier… who then calls her BFF and asks what she should do with this info, and the BFF texts her boyfriend who knows a bit about the markets. And that guy logs into his Ameritrade account, buys a few call options, and gets totally busted when the SEC flags his trades because it’s so ridiculously blatant.

But, back to the C-people… many of them are partially paid/bonused in shares, and what they do with their shares is scrutinized inside out. Which is why when they intend to buy or sell shares, they need to make it very clear and very well-known, usually in advance. And those filings are all available to the public.

Accordingly, on August 19th of this year, Pfizer CEO Albert Bourla filed his intent to sell 132,508 shares of his company, should the share price hit a certain number. On November 9th, Pfizer announced that most excellent news, the one about the 90%-effective vaccine… and the spike in share price hit that number… and the order to sell was executed.

That part of it is simple, and that would be it… except there’s perhaps a troubling little footnote… which is what Bourla may or may not have known back in August. Indeed, the day after he renewed that order to sell, the company issued a press release confirming they were on track to deliver a vaccine candidate in October. But… the sell order had been in place from years earlier, and that was simply the timing of the renewal. And, the announcement didn’t have much of a relevant impact.

None of that will stop people from thinking something’s wrong here… and watchdog groups will call upon the SEC to investigate. The SEC may or may not dig into it any further, though what you’ve read above is pretty-much all there is to it. But… everyone agrees, even the SEC, that it doesn’t look good. Wearing white after Labour Day doesn’t look good either, but it shouldn’t send you to prison. It’s not illegal; just generally bad judgment… the same sort of bad judgement that may have been displayed by Albert Bourla in not pulling the plug on the transaction.

Bourla, who’s been with Pfizer more than 25 years, made over $18 million last year in salary, bonuses and stock allocation. While a lot of noise is being made about the $5.6M he pocketed in this transaction, it’s certainly not $5.6M out of thin air. He’s been earning those shares for a while. Those shares were around $36 before, $40 during the frenzy, now $38. This story is perhaps more hoopla than it deserves. 130,000 shares plus or minus $2 a share equals a quarter million dollars… for a guy who makes more than $18M a year.

On that note too – “buy on rumour, sell on news” – investors who’ve been following all of the these pharmaceutical and biotech companies… the thing is this: share prices move on unexpected news or rumour… and if news comes out that’s unexpected, good or bad, it’ll have a positive or negative effect. Expected news doesn’t move the needle, because that knowledge is already built into the price. We all know Pfizer is working on a vaccine, we all know they’re trying to get it done ASAP.

The unexpected news in this case was simply the “90%”, and all of the day traders who jumped on it and bought bought bought… might regret it, unless they’re going to hold on to it for a while… because shortly after, the price slid down again.

The reason is simple… materially, that 90% doesn’t change much. Pfizer is committed to making as much vaccine as they can, for any definable future period of time. The 90% won’t let them make it faster, nor will they be able to charge more because it’s “better”. The purchase contracts for the vaccine are already in place, and even if they weren’t, this wouldn’t affect it. It’s business as usual.

One thing though about the timing of the announcement… it came (very) shortly after the election. Pfizer knew that Trump would jump all over it and take credit for it and make all sorts of bullshit claims about how it’s all due thanks to him. As expected, all of that happened… but after, of course. Was that on purpose? Pfizer claims they’re simply going by the science and reporting things when and where it makes sense to do so. Perhaps that’s true. Or perhaps they knew, and they waited.

It’d be a pretty suitable FU to Trump, to be honest. Would it have altered the course of the election? Doubtful. Who knows. And, really, who cares. There are far more important things to worry about.

Follow & Discuss on Facebook

By |2020-11-14T21:35:48-08:00November 14th, 2020|Categories: COVID-19 Daily Report, Politics, Business & Economics, Science of COVID-19|Tags: , , , , , , , , |0 Comments
Read More

November 13, 2020

Out of the top 20 worst countries to be in, with respect to this virus, there is only one that can claim less than 100 deaths per one million of population. For comparison, as per the attached data, U.S. has 750 and Canada has 283.

But India, a country of 1.4 billion people and widespread poverty and overcrowding and nowhere near enough infrastructure to handle the medical catastrophe this could be if it got out of control — they’re doing surprisingly well. Their number is 93.

They are second in the world for number of total cases; only the U.S., a country with a quarter the population of India, has more. But while 250,000 (and counting) people have died in the U.S., that number is only 130,000 in India. Even Brazil, a country with less than one seventh of India’s population (and a leader as despicable as Trump), has more. So… what’s going on?

Perhaps it’s better testing? But it’s not. The U.S. has tested about 500,000 per million. India has tested 89,000 per million. And through that testing, the U.S. has learned they have 33,000 cases per million, as opposed to India’s 6,300. There are presently almost 4 million active cases in the U.S. There are less than half a million in India.

No… the answer is actually pretty simple. Following the rules…. and masks. There have of course been lockdowns and a level of somewhat sophisticated and targeted Unlocks in different regions… but what has made a big difference is national buy-in with respect to masks, where 90% of the population believes they should be mandatory. There is a fine for not wearing a mask, around $20, but 40% of people think that fine should be increased.

For a while, a couple of months ago, it looked like India might spiral out of control. Their graphs looked a lot like what you see here… except they managed to get it under control… and it starts with people doing their part.

On a related note… Diwali this year begins tomorrow.

Diwali is the 5-day Indian festival of lights. I’m not familiar with the intricacies and symbolism, but the celebration part of it… I think if you change Diwali to Chanukah and the 5 to an 8… it’s pretty close. The whole family gets together, you eat great food, you hang out. Good times. Chanukah is in less than a month. A few weeks after that, Christmas. Right after that, Kwanza. If none of that applies to you, there’s always Festivus.

Dr. Henry reminds me a bit of British policemen, before they were allowed to carry guns. “Stop! Or I will say ‘Stop!’ again!”. Well, there’s only so much she can do. Especially now, as numbers are rising alarmingly… either you get it or you don’t. Two weeks ago was Halloween. Here we are. Where will we be in two weeks? This isn’t rocket science. Cause and effect are taught in grade school.

Whatever you’re celebrating… you know what’s ok and what’s not. For your benefit, for your family’s benefit, for everyone’s benefit… be responsible.

COVID-19 Daily Report Graph for November 13, 2020

Follow & Discuss on Facebook

By |2020-11-13T19:37:20-08:00November 13th, 2020|Categories: COVID-19 Daily Report, Politics, Science of COVID-19, Life in Vancouver, Humour|Tags: , , , , , , , , , , , , |0 Comments
Read More

November 12, 2020

Today’s update is about numbers, because I’m looking at them… and they’re not great. At all. Dr. Bonnie is not pleased. B.C. has just gone over 20,000 cases. By tomorrow, Manitoba will have gone over 10,000… and Ontario over 90,000… and Quebec over 120,000.

And the U.S… wow. They blew through 10 million cases recently, but every day their growth is increasing sharply. Today’s new-case number of +164,878 is by far their biggest ever.

The pictures reflect all of this better than the words. Those are steep ramps everywhere, and even the logarithmic graphs are slanted upward… the U.S., Canada, everywhere. Around the word, daily, 10,000 people are dying.

Here are two little examples of exponential growth:

Imagine a chessboard… put a grain of salt on the first square. Put 2 on the 2nd square. Put 4 on the 3rd square… and so on. By the end, you’ll probably have a pretty big pile of salt, right? Enough to fill the room? Enough to salt the road from here to Whistler?

Well… after a couple of rows of the chessboard, it’d be about 3lbs of salt. Not a big deal.

At the end of the next row, you’d have enough to coat the floor of a big room. Hmm… perhaps more than you thought. I’ll cut to the chase… by the end, you’d have 18 trillion dollars worth of salt, and you’d need a box a mile long, wide and high to store it all.

Here’s a better one, and a chance to make some money! Imagine a piece of paper… you fold it in half. Fold it in half again… no big deal. How thick would it be if you could fold it 20 times? The answer is… 1km. Crazy, eh? You can’t come even close. Not even halfway close. So here’s a challenge… send me a video of you folding a piece of paper successfully in half 8 times… that’s it, just 8 simple little folds… any piece of paper you want. But it has to be in half every time, because that’s true exponential growth. Do it successfully and I will send you $1,000. Go for it.

That’s the thing with exponential growth… it’s simple and dismissable to begin with, and suddenly, it hits a tipping point, and it’s drastic. The latter half of the chess board is hugely problematic. The last 4 folds you’re about to attempt are a lot more difficult than the first 4. Like, incomparably more difficult.

And that’s exactly where we are now. I’m not sure where we are on the chessboard, nor on which paper-fold we’re at. But it feels like we’re pretty close to jumping from “this isn’t so bad” to… “Oh oh.”

Follow & Discuss on Facebook

By |2020-11-12T20:04:18-08:00November 12th, 2020|Categories: COVID-19 Daily Report, Science of COVID-19|Tags: , , , , , , , , , , , |0 Comments
Read More

© 2020-2023 Horatio Kemeny | Web presence supported by KJS Design

Go to Top