Business & Economics

April 12, 2021

Let’s tackle another one of those “Ask me in a year” questions that popped up around last April… and this one was pretty contentious… the question of how Sweden was handling the pandemic, in harsh contrast to most of the rest of the world. Sweden’s head epidemiologist, Anders Tegnell, had the same response to his critics. “Ask me next year”.

A year later, the answer can be summarized in one sentence: “What else were you expecting?”

Both Sweden and the U.K. initially tried the same approach… which was mostly a version of “Protect the elderly and vulnerable, but the rest of you can go on with your lives as normal. No masks or any of that nonsense needed.” In the U.K., that didn’t last long. They quickly course-corrected when things started getting out of hand. Back in Sweden, Tegnell felt abandoned, but held the line… and, as usual, the longer it goes, the harder it is to admit you were wrong, because then… part of it is having to admit you were wrong all along.

On that note, there are those who will still argue it wasn’t wrong. There are people who have friends and relatives that needlessly died… who’ll tell you it wasn’t wrong. I’m not here to judge people’s opinions, though one thing I’ve learned over the last year is that there are a lot of irrational people, and then more irrational the idea, the more irrationally some people will hold on to it.

Culturally, Sweden is most like its Nordic neighbours, so let’s just do a bit of and apples-to-apples comparisons:

Covid-19 deaths per million of population:
Denmark: 421
Finland: 158
Norway: 126
Sweden: 1,342

Economic impact of C19 on GDP 2020:
Denmark: -4.2%
Finland: -3.1%
Norway: -3.6%
Sweden: -4.0%

Expected GDP recovery 2021:
Denmark: +3.5%
Finland: +2.8%
Norway: +3.6%
Sweden: +3.5%

In summary, thanks to their policies, between three to ten times the number of deaths… and, as far as that being the trade-off for saving the economy? It seems to have had no impact whatsoever. And these days, in Sweden, out in public and especially on public transit… you’ll see lots of masks.

Asked and answered. Moving on.

April 3, 2021

“It’s always darkest before dawn”… one of those sentences that’s used in the context of “As bad as things seem, they’ll always get better.”

Pragmatically, it’s not really true… for numerous reasons. At the most superficial level, we live in a world of artificial light… and if you’ve ever been out in the street at dawn, right at the moment the streetlights switch off, you may have noticed that the little bit of sun doesn’t actually make up for all the acetylene or halogen or neon or argon or sodium vapour or whatever lighting that just disappeared. And even if you’re out in the middle of nowhere, there are stars and the moon, which themselves can be bright and offer light… and whose brightness fades when the sun begins to emerge. I guess if it’s pitch black and then that first photon of sunlight appears over the eastern horizon, this would hold true… but there are too many other variables.

If you assume the end of this pandemic is sunrise, we’re in more darkness today than we might have thought a month ago. It’s hard to plan for the sunrise if you don’t know where you are, nor what time of the year it is. The darkness-to-full-sunshine in Costa Rica in July (around 20 minutes) is a different experience than being in northern Finland in late December. Dress warm; you’ll be waiting a long time.

Waiting for the end of this pandemic is like that… but where, geographically, we change locations every day. And date. And, just for fun, the earth slows down and speeds up without telling anyone.

Variants, transmission events, uneven vaccine rollouts, anti-vaxxers, politics… these are all independent variables in a formula that’s unsolvable because there are other variables too, and we don’t even know what they are.

In the meantime, locally, it’s gotten a bit darker. Numbers are up. The majority of people getting sick are younger… and that now includes the majority of our Vancouver Canucks. These guys are among the healthiest people around, yet some of them are concerningly ill and receiving IV treatment. And, in the midst of these concerning new variables, a protest was organized yesterday at 2pm at City Hall… small business owners protesting the recent 3-week restrictions.

I certainly understand their frustration. They want the sun to rise too, but it’s elusive. The rules seem arbitrary… and seem to change overnight. How can anyone plan for anything?

I have no problem with business owners protesting/advocating for what they perceive to be their best interests.

I have a huge effing problem, however, in seeing that the vast majority of those protestors, all standing close to each other, yelling and chanting and whatever else… were not wearing masks. It boggles the mind, and I would hope the irony is not lost on them. “If only there were a way to open up sooner”, they masklessly commiserate with each other. “If only people realized that restaurants aren’t the problem”, they masklessly voice loudly into each other’s faces.

More than 1,000 new cases each of the last two days. And as the news will be reporting tomorrow, Canada has just gone over 1,000,000 cases.

In the meantime, the long night rolls on… and the horizon, distant as it is, has yet to start spilling over some much-needed sunshine.

March 28, 2021

The discussion of how medicine and politics got so wrapped up will carry on for decades. For the moment, though, it raises practical issues. Like, 49% of Republican men refuse to get vaccinated. What’s the implication for society when large demographics think similarly? It’s going to create some significant problems for those cultures. On the flipside, societies where vaccinations are welcomed are facing different issues.

Israel, who’s led the charge with vaccinations, no doubt had been thinking ahead to what a post-vaccine pre-end-of-pandemic future might look like, and their answer, with which I completely agree, is a vaccine passport. They have what’s called a Green Pass, basically a QR code you can carry around, printed out or on your phone. The pass is valid for 6 months after your second shot has kicked in, and it gives you all the freedom you’d expect to have when you yourself are not a danger to those around you. Pubs, restaurants, concert venues, sporting events, whatever… they’ll scan your code and in you go. Some restaurants will only allow valid pass holders inside, but everyone else is welcome to sit outside. This makes sense on every level.

We are still unfortunately far from this… close to 60% of Israelis have had at least one dose. Our number is a little under 12%. But I would urge our powers that be to think ahead a bit, and not get caught with our pants down as we have with this vaccine rollout.

Start planning NOW for this infrastructure; it’s not complicated… just a robust, secure back-end that connects to a subset of people’s medical records (specifically, only vaccination info) and plugs it into a user-friendly front end. I have this all so clearly designed in my head… I could whiteboard the whole thing for you in 20 minutes and if you say go, I promise you… it’ll be done in 4 months. If someone had given me that “Go!” 4 months ago, it’d be done already. And it’s not like I’m some genius; this isn’t complicated. I know development teams, both here and in Israel, that would make short work of it. I know some fantastic development teams who’d love to sink their teeth into this. I’d be happy to make the introductions and get this thing rolling on every level.

That being said, I’d be very surprised if this isn’t already well on its way to rollout. It should be. It’d better be. At the beginning of this pandemic, there were plenty of unknowns, and tough decisions were made, mitigating risk/reward with people’s livelihoods and/or a virus that could kill them. I am not envious of the people who had to make those touch choices, and I’ve been impressed that they’ve been more right that wrong.

But all that being said, I will unleash a lot of anger if suddenly one day, when 49% of us are vaccinated and itching to get back to the real world… we’re told that a vaccine passport is in the works and should be ready in a few months. I will seriously lose it. Unknowns are one thing, but this is all known. Every single little aspect of it can be predicted, planned and developed. There is NO excuse. ZERO… for not having a fully-functioning system in place the moment we need it. In fact, there’s no reason it couldn’t already be starting a slow rollout… getting the back-end to businesses who can start planning around it, and getting the App into all our hands so that 2 minutes after we’re jabbed, the entire infrastructure knows all about it. We are all carrying around devices that serve both as the passport and the scanner. This is not complicated… and I don’t really care who does it; I’m happy to help if it’s needed… but, seriously, I hope someone is laughing at the thought… because they’ve already been at it since November.

March 15, 2021

Beware the Ides of March… happy March 15th. Indeed, one day after Pi Day comes Die Day… at least, that was the case for Julius Caesar who, on this day 2,064 years ago, quickly realized that unfortunately, sometimes even your best and loyal friends can literally stab you in the back.

It’s good that politics, at least around here, have evolved beyond that. The House of Commons would be quite a different place if that were still an accepted method of resolving disputes.

One dispute that continues to make some waves has to do with the AstraZeneca vaccine… the opinion of which seems to widen with each passing hour. More people vehemently say there’s absolutely nothing wrong with it, yet more and more countries continue to “cancel” it.

I wrote about it yesterday, so let’s update this evolving story. In Europe, 17 million people have received the AZ vaccine. 37 of them developed blood clots. That is 0.00022% of the population. One in 460,000 people. The typical European rate is actually significantly higher than that. I wonder if this story can turn a 180, where suddenly people realize that the AZ vaccine significantly lowers the risk of blood clots. I’m not a doctor, of course… just looking at the numbers. But that’s what they imply.

This is a great example of politics versus medicine. The science, the data, the everything battle tested says it’s safe; more than safe. The politicians who need to cover their asses always like to play it safe, so once those dominoes start falling, “the optics” dictate you need to follow suit. If eleven countries have decided to suspend it “out of an abundance of caution” (and to hell with the data, such as that analyzed and reported by the World Health Organization), and you’re the leader of the 12th nation, what are you going to do? Even as the scientists tell you… it’s fine, it’s ok, here’s the data… yeah, you’re going to cave. This is high-school peer pressure on a global level. Look around; everyone is putting up their hand. What was the question? Who cares, follow along, don’t look like the idiot.

Unfortunately, as I wrote about and am now believing more strongly by the hour, this might have a profound effect on what C19 looks like in the coming weeks in Europe.

Around here, as much as there are people who’d like to jab a dagger in Trudeau’s back, I applaud his resoundingly unambiguous statement endorsing the AZ vaccine, and I applaud the reliance on the suggestions coming from Health Canada – not the obscure political PR analyst firms in Ottawa.

Sunny day here in B.C…. and we get an extra hour of it… and, nicely trending numbers over the weekend. All of that pointing in the right direction.

March 15, 2021 Graph

March 12, 2021

Our last dose of local numbers until Monday, and, as usual, they tell a mixed message… hospitalizations up by 11, ICU cases down by 1. Case numbers rose by 648, the largest one-day jump since Janurary 7th. But also, nobody died of C19 in the last 24 hours… which hasn’t happened since November 5th. As per yesterday’s post, it depends how you look at it. You’ll find disagreement with respect to what it means.

On the other hand, it’s rare for Republicans, Democrats, Liberals, Conservatives, the NDP… pretty much everyone… to all agree on something… but there’s a topic that keeps coming up twice a year, and I have never heard anyone speak in favour of it. Everyone is opposed to it, yet it’s still around… and all of the aforementioned have the power to once and for all to deal with it, but for some reason simply haven’t.

Wouldn’t we all be a lot better off without the constant, biannual Daylight Savings nonsense? Pick one or the other and just leave it there… and by the way, the right answer is to leave it ON – when we move our clocks forward tomorrow, that is the setting they should stay on… forever.

Are you getting up at 4:30am to spread manure on the fields? Me neither. What a load of crap. But what’s ironic is that, unlike what we’ve all been hearing forever, it was not the farmers that wanted DST… they initially opposed it. Saskatchewan is effectively all farms, and they’ve never been a part of this nonsense.

DST was created during WWI as an effort to conserve fuel. In fact, it was the Germans who came up with it… and much of the world involved in WWI went along with it, the U.S. and Canada included. And although most of North America and Europe still does the clock flipping, the rest of the world has abandoned it… or never did it in the first place.

Studies have repeatedly shown that when you stop screwing around with the clocks twice a year, there are reductions in crime, depression, childhood obesity, energy consumption and car accidents. Economic activity goes up… and, might I suggest, the next 6 months will be wonderful with the extra hour of afternoon sunshine… but, after that, just in time for Winter comes the flip back, and 5pm darkness… wouldn’t every single economy benefit from that one extra hour? No more flipping back. Nobody is getting up early to go have breakfast on a patio somewhere at 6:30am… but all the pubs and restaurants would love an extra hour of “afternoon/evening crowd.”

Like I said, nobody likes DST. The issue seems to be that unless everyone decides this in unison, it’s problematic. I take it for granted that L.A. is the same time as us, and that Toronto and New York are three hours ahead. I don’t ever want to have to devote a single brain cell to that calculation. It’s already annoying enough for places that flip the opposite direction, and now, at different times. Sometimes Chile is 3 hours ahead… sometimes they’re 5 hours ahead. On paper, they’re supposed to be 4 hours ahead but it’s rarely the case because both places are haphazardly moving their clocks back and forth.

Enough already. It’s time for a change. Or not, I guess.

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January 26, 2021

There’s an episode of Star Trek:TNG where Captain Picard and the gang happen upon an odd planet… completely devoid of life, save for a small but picturesque patch of land where a peaceful, old couple (of humans) are living.

This guy (let’s call him Kevin) and his wife tell Picard that an alien race came by and wiped out everyone… except, for some unknown reason, them.

There’s far more to the story, but as it turns out, the alien who did the real wiping out was Kevin himself… who only looks human, but actually isn’t. Some aliens did come by and attack the colony… and Kevin’s wife was killed in the attack. Kevin, who’s actually a very powerful alien, took it upon himself to exact revenge by wiping out all of the aliens… and not just the ones that had attacked him, but he scoured the universe and found them all. Fifty billion aliens; the entire species wiped out. And now he was just trying to live his eternal life on this patch of land with a reconstructed illusion of his wife.

What do you do with a being that wipes out 50 billion others? Picard concludes that they, humans, are not qualified to be his judge… because there are no laws to fit the magnitude of the crime. Picard and The Enterprise leave, and he puts out the word to Starfleet; stay away from this planet. Leave Kevin alone. You really don’t want to piss him off.

Indeed, the punishment needs to fit the crime… and there are places in this world where that’s the case. Finland, for example… where in 2015, a successful businessman by the name of Reima Kuisla was caught doing 64MPH in a 50MPH zone… which translates to doing 103km/h in an 80 zone. That’s not even excessive speeding, and I’m sure more than one of you reading this today were on a highway today, where the limit is 80, and where you were exceeding 100. You’re lucky you didn’t get caught; that’s a $173 fine and 3 points.

Mr. Kuisla wasn’t so lucky… he got caught, and because of his Ten Million Dollar income, paid a fine of $80,000. To scale it down, that’s like someone making $50,000 a year being fined $400. Sounds about right… proportional fines, depending on the income of the perpetrator.

There are more extreme examples, but they seem to top out at… one million dollars. Yes, in 2010, a 37-year-old Swede had just taken possession of his new Mercedes SLS AMG in Germany and was driving it home. The cameras that clocked him only go up to 200km/h, which is what they captured… but the Swedish cops that caught up with him clocked him at close to 300km/h. He claimed he thought the speedometer of his new car was broken and that he was just putting it through its paces. Sure. That’ll be a million dollars, please.

Which brings us to a couple of local lowlifes, the ex-CEO and his actress-wife, whose actions have made them front-page news all over the world… and somewhat tarnished the view that all Canadians are thoughtful and polite.

It takes a lot of planning and a lot of disregard for others… to charter a plane, head to the middle of nowhere, lie repeatedly, and get into a vaccine line-up that’s supposed to be for, more than anyone else, indigenous elders. They lied about quarantining, they lied about why they were there, they lied about where they worked. And as soon as they got what they wanted, they high-tailed it out of here. Or, tried to… but that’s where piece-of-shit narcissists usually mess up. They’re so completely caught up in the ME ME ME of their existence that they forget everything and everyone else. Ten seconds after they got their vaccines, you can imagine hearing them saying to each other, “Let’s blow this popsicle stand”… and it was that urgent “straight to the airport” request that made people wonder… ok, who exactly are these people?

They were slapped with $500 fines, which is a joke… but, to some extent, like Picard… I’m not sure we have laws in place to punish this sort of thing appropriately. Like the Finnish businessman, the now-former CEO of Great Canadian Gaming Corp. made $10M last year. Is $80,000 an appropriate fine?

It’s a good start, but there needs to be more. A lot more. There are tens of millions of dollars to follow for that guy, thanks to stock options and the sale of the company… but it’s about a lot more than money. I’m not sure the answer is jail time; I think the answer is community service, and lots of it… and all of it in the community they affected.

Remote communities like Beaver Creek can probably use some help. Wash dishes at the restaurant. Mop up the airport. Or, actually, go work at that famous motel they don’t actually work at — and clean some rooms. Contribute back to the community, given that what you stole from them is difficult to pin a value on. Maybe consult with those indigenous elders from whom you stole the vaccine… and ask them what they need. And, might I suggest… you start with a series of apologies… to them, to their entire community, and to the countless others who deserve and need that vaccine ahead of you… but, like everyone else, are patiently waiting their turn.

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January 24, 2021

Weird things happen when you’re dealing with big numbers, but when you get to them slowly. Here’s a very basic example, speaking purely with respect to financial wealth:

A man whose net worth is only $1 is not rich. Far from it. Let’s call him poor.

If you take a man who’s poor and give him $1, he’s still poor.

Given those two starting premises, start a little loop. Give the guy another dollar. Is he rich now? No. $3? No. $4? No. But you loop a billion times, and of course, now he is. Somewhere along the line, he went from being poor to being stable… and, continuing, at some point he went from being stable to being well-off. Then he graduated to financially secure… on his way to rich. A dollar a time, he crossed all those lines.

The thing is… it’s difficult to figure out where to draw those lines, because they’re big, wide and blurry. And I don’t mean because everyone would have different definitions and opinions. I mean just you. Pick a number where you’d consider the guy to be unarguably in one of those categories. Now think of a number that’d plant him squarely in the next category up. Those two numbers are far apart. Even if you try to bring them closer together, you’ll still never get to a point where it flips by $1.

This same concept is what plays with our minds in elections. What difference does my one vote make? We keep getting told that it makes all the difference; every vote counts, etc. But the truth is… all other things being equal, your one little vote doesn’t matter. It’s quite a paradox. Take the last election, wherever you are. Change nothing except your one vote… remove it from the election. Did that change anything? Of course not. But also, of course, everything changes if more people start thinking like that. Many elections went the other way (Hilary 2016 comes to mind) because so many people become convinced that their one little vote wouldn’t matter (like people in Michigan) that they didn’t bother voting. At some point, even though it got there one missed vote at a time, it made a difference.

I’ve been accused of being a bit preachy and/or being a little shame-bashing on those making some individual decisions based on how they’re navigating their lives these days; choices with which I don’t agree with, with respect to travel or socializing or whatever… let alone masks and vaccines… but the intent of this post is not that. I’m just here to share a thought… reflecting on how we suddenly hit tipping points where everything changes… and how we got there.

Most rags-to-riches stories are long and drawn out; tiny, incremental gains over long periods of time. Perhaps not dollar-by-dollar, but it’s not a fine line that was hopped over one particular day.

Similarly, it’s like that with a pandemic. I look at these numbers every day, and there’s micro-movement in some direction. On a day-to-day basis, it doesn’t seem to matter much. But when you take a step back and look at it from a bigger-picture point of view, one day you realize you’re in a totally different place. These days, that looks a lot better than it did just a few short weeks ago. But it’s worth remembering how we got here, and how we’ll get to wherever we’re going next… one dollar or one step or one person… at a time.

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December 3, 2020

A bit of a follow-up to my post a couple of days ago… with respect to Trump’s misinformation campaign… a good question to always ask is “to what end?” – like, why is this happening? What’s the point? Who’s benefitting?

A common answer, the usual lowest-common denominator, especially when dealing with the Trumps of the world, is… follow the money.

So… what was the point of that “interview” a few days ago, where Maria Bartiromo just sat there feeding Trump’s tiring election-fraud delusions? Depends who you ask.

Fox News has gotten into a bit of trouble recently with respect to its audience. The audience doesn’t really care about truth; they just want to hear their version of “facts” regurgitated back to them. So, when Fox started actually questioning the facts being put out there by Trump and his team, things didn’t go well. The most horrible thing that could possibly happen to them (according to Trump), did: Their ratings fell. Accordingly, they needed to do something for their core group… lest they see that entire demographic flee to the further-right-wing media, who are happily waiting for them. They chose to pander a bit of conspiracy bullshit… thrown in with the real news. Instead of discussing important, relevant topics like the pandemic or the impending transfer of power, it was just useless, irrelevant, made-up garbage… ostensibly being broadcast as “news”. Indeed, Fox News is as two-faced as the King of Clubs… but what do they care. Their integrity vanished ages ago.

From Trump’s point of view, it’s pretty simple. Why is he carrying on with this narrative? It’s nonsense. It’s tiring. It’s done. It’s been thrown out of every court. Even his trusty lapdog William Barr is admitting there was no election fraud, much to the dismay of the Trump loyalists who are now calling for his head. There’s an old saying… if you’re flogging a dead horse, dismount.

The answer is that by continuing to preach this crap, he can keep going back to his crowd of 70 million people… asking them to help correct this nefarious misjustice. I actually thought it was a joke that he’d be going out fundraising, to raise money to pay for these lawyers. But that’s what he did. “I need you now more than ever!” said one email. “The Recount Results were BOGUS!” said another.

While the claims of election fraud started well-before the election, his push to fight the results started shortly after November 3rd. It’s not like he could’ve started asking for money to contest a fraudulent election before actually losing it, but the pieces were clearly in place… and launched a few days later. So, in less than a month, he’s raised… more than $170,000,000. That’s one hundred and seventy million dollars.

Astonishing. Where’s all that money going to go? Far less than 1% to the lawyers actually fighting this particular cause. The other 99.7%..? Trump owes lots of money, and much of it starts coming due in 2021… and the money has to come from somewhere.

Ah. That clarifies things significantly. Now we know what Fox gets out of it. Now we know what Trump gets out of it.

The unfortunate victims are the ones who believe what those two unscrupulous sources of information continue to jam down their throats… and that’s the saddest part of it.

Trump, the populist, plays it off like he’s fighting for what’s right, just like you or I would do, and how we’re all victims of some corrupt system… and fighting that system is something we should all do, and he’s the one to lead the charge. What’s ironic is that his brainwashed followers don’t see the irony in it… that the man who swore four years ago that he was going to “drain the swamp” has been filling it with his own collection of swamp monsters, and he himself is the scummiest of the beasts.

Trump is trying to play the victim card, and it’s staggering that it’s working… successfully convincing people how he has his own set of problems, just like you and me. I mean, sure… he got Covid-19, he got laid off, he’s going to have to move, he’s got money problems. A typical 2020 experience like so many others, ha ha.

The real Americans, the real ones suffering… are the ones who are reaching deep into their not-so-deep-pockets, to send Trump money so he can fight an invented fight, while really… he’s just lining his own grimy pockets. The whole follow-the-money thing is, in this case, beyond disgusting.

December 3, 2020

December 2, 2020

One million, divided by 365, equals 2,740… and, for the first time, that number was exceeded in the U.S. with respect to daily deaths… which simply means that at the present rate, C19 would claim more than a million American lives annually.

Fortunately, that’s not going to happen. Notwithstanding the present president’s disregard and complete lack of giving a shit with respect to doing anything to mitigate those deaths, vaccines are coming. Yeah, for all of you who want to heap praise on Trump for getting it done… how about you heap that praise on the tens of thousands of researchers whose hard work over many decades is what actually led to these vaccines. What Trump could’ve done, and hasn’t, is help keep things together before the vaccines arrive. It wouldn’t have taken much… a well-placed Tweet here or there, some sanity with respect to federal policy regarding masks and social distancing.

Whatever, the damage is done, and will be felt for decades and, for the moment, continues to rage with numbers that are scary. They’d be a hell of a lot more scary were it not for the vaccines, but even that is tempered by the brainwashed tens of millions who’ll refuse to get vaccinated, thanks to said soon-to-be-former-president’s nonsensical mixed messages.

Today, the U.K. became the first country outside of China and Russia to approve a vaccine. They’re planning the roll-out of the Pfizer vaccine as soon as next week. This is the one that needs to be kept super-cold, so there are logistical challenges to overcome. For what it’s worth, the Pfizer vaccine is one of seven that Canada has pre-ordered. Moderna and AstraZeneca, the two others with recently published excellent results, are also on that list.

When will Canada get a vaccine? That’s a good question, and the answer depends on who you ask. I’ve asked that question from many people who might have better than random guesses, and I’m feeling more optimistic than others. There’s a rumour that Trudeau screwed it all up and we’ll be waiting for months; that doesn’t seem to be the case. I know, this person said this and this person said that. I wish I could detail a bit what I’ve heard, but… for the moment… was told not to say more. And, for what it’s worth, this is friend of a friend of a friend sort of knowledge… but… it if it’s accurate, it’s promising. Stay tuned…

December 2, 2020

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November 25, 2020

At some point soon, Health Canada will announce the availability of a vaccine. Provincial Health Services across the country are already working on the logistics of providing it to you.

If you ask someone today whether they’ll be getting it, the usual answer is “Of course… but not right away… just want to make sure it’s ok.”

Well… by the time it gets to most of us, it’ll almost certainly be ok. More than ok. In fact, it will have been ok from day 1, where some of the first people to have gotten it would have been at higher risk… front-line workers, elderly people… and they will all be just fine. More than fine.

It’s not an irrational concern; vaccines, as we’ve repeatedly heard, take many years to develop. And, even then, sometimes there are problems. How can this one, super-rushed at every step, be guaranteed to be safe? How can we sacrifice so much time without sacrificing quality?

Part of the answer lies in understanding why it usually takes so long.

First of all, as usual, money. Developing a vaccine isn’t cheap, and isn’t always successful. The millions of dollars it takes aren’t always so easy to find. After the initial idea for the vaccine is thought up, it takes money to develop that thought. A grant gets applied for, and that’s usually not successful… something like the good old 80/20 rule plays out… where only 20% of these proposals actually get funded to proceed. Just getting to that point is a grueling and time-consuming process. Where animal testing will be involved, ethics boards also need to sign off.

In this case, there were no grant proposals. A ton of money was found, and quickly. Bill & Melinda Gates have thrown a staggering $420 million dollars into C19 research. Also, a million dollars that went towards the funding of the Moderna vaccine came from… Dolly Parton. From far and wide, the money rolled in… and what usually takes years (if it happens at all)… took minutes.

This allowed multiple, parallel paths of development. Top minds from every angle tackled this problem, and it was found that developing an mRNA (instead of DNA) vaccine would be the right way to approach things. This inherently saved some time because some concerns that usually need to be addressed became non-issues. You don’t need the actual virus. You don’t need to attenuate it… a tricky process of reducing the virulence of a pathogen, enough that it becomes relatively harmless, but not so much that it becomes useless. All of that takes a lot of careful experimentation… and consumes a lot of time. But in this case, all that was needed was the genome sequence of the virus. The risk is far less with respect to human safety. The bigger risk is whether it’ll work at all.

At some point in the research, a vaccine candidate makes an appearance. And normally, there begins a cycle of testing, publishing, approval and requests for further funding… and each iteration requires more people, more testing, more money, more oversight and more approvals. These cycles take time. Finding more people. Finding more money. Sitting around waiting for approvals. But in this case, there were plenty of people and there was plenty of money. Typically, the people who hold the giant stamps of approval are busy… things enter a queue… to the bottom of the pile, and they slowly sift to the top, at which time they get dealt with. This time… straight to the top.

Eventually, after tests are shown to be successful and safe in large populations (tens of thousands of people), a drug company willing to take some risk gets involved… because they start from scratch, and need to duplicate the results to their satisfaction. The production, the testing results, everything. And if they do that successfully, then they can approach the FDA (or whatever other relevant governing body) for approval… after which they can figure out how they’re going to produce and distribute all of that in a way that makes economic sense.

In this case, a lot of that took place in parallel. We will never know how many millions of doses of non-viable vaccine got thrown into the garbage, and by whom… but with so much money available and so much at stake, it was the right way to do things. If this vaccine candidate might actually be the one, make lots, and make it now… and if turns out to not be the one, oh well… some money was wasted, but the risk/reward made it worth it.

There are already millions of doses of Pfizer and Moderna vaccine in existence. As we speak, millions more are being made… on the assumption that when this all goes in front of the FDA on December 10th, things will go well… so well that it’ll only be days later when wide-spread distribution will begin. Normally, production would have begun only after FDA approval.

Indeed, the right question that was asked months ago was a simple one… “How do we get a vaccine out to the world as quickly as possible?” – and the answer was to cut corners that wouldn’t affect the safety or effectiveness of the end result. And that’s what we’ve gotten.

When you’re so used to something taking that long, it’s natural to view it with suspicion… but here’s a simpler example. Let’s talk about NFL football for a minute… a typical NFL game takes a little over three hours to play. The game clock, though… it’s only an hour… 4 quarters of 15 minutes each. But here’s the thing… inside that one timed hour, the actual time the ball spends moving is… eleven minutes. But… there’s the time between plays, where the clock keeps moving… but the ball is sitting at the line of scrimmage, waiting. There are official replays. There are challenge flags. There are timeouts. There are clock stoppages. There are two-minute warnings. There are commercial breaks. There’s halftime. If you were to compress a typical NFL game by removing all of that, you could watch the entire thing in less than 15 minutes. Do you miss anything of value by doing so, if all you’re really interested in seeing is actual football being played?

Similarly, as it turns out, once you remove the bureaucratic delays from the vaccine-development timeline, all you’re left with is the science, and the procedures that drive it. And an end-product that’s as trustable as one that would otherwise have taken years.

After reading all that, you still might be thinking, “Yeah, but still…” and that’s ok. At some point, it’ll reach your comfort level… but for what it’s worth, if nobody wants to go first – sign me up. Having a clear understanding of how this all came about, I would have zero hesitation. If volunteers are needed for the front of the line, I’m there.

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