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February 2020
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New York Times (February 27)

2020/ 02/ 29 by jd in Global News

“Freaked out by the stock market? Take a deep breath.” This is not a time for drastic portfolio moves unless “there have been drastic changes in your life, like a big new job or consequential medical news.” Otherwise, remember that if you “hold on long enough to a diverse collection of stocks…the system has tended to generously repay patient people over six or seven decades of working, saving and drawing down a portfolio.”


New York Times (February 26)

2020/ 02/ 28 by jd in Global News

“Japan can’t handle the coronavirus. Can it host the Olympics?” The nation’s leaders have a “sense of entitlement.” This “breeds indifference and incompetence,” which was on full display during “by the unmitigated epidemiological and public relations disaster that was the saga of the Diamond Princess cruise ship.”


Financial Times (February 26)

2020/ 02/ 28 by jd in Global News

“Panic spreads faster than a pandemic. That might not make it irrational.” The novel corona virus (Covid-19) has already “infected 10 times as many people as did Sars and killed more than three times as many people. China is a far bigger part of global production and consumption than was the case in 2003.” And if it is not contained, “the hit to global GDP will be even worse.”


Washington Post (February 26)

2020/ 02/ 27 by jd in Global News

We will soon find out whether a global crisis can “unite the planet and encourage everyone to pull together…. This outbreak is manageable with good medicine, good information and global cooperation. But it’s going to be a bumpy ride for a while.”


Chicago Tribune (February 25)

2020/ 02/ 26 by jd in Global News

Devastating fires at Notre Dame Cathedral in Paris and the National Museum of Brazil offer “yet another reminder of the fragility of humankind’s greatest creations and the stark reality that centuries of culture and history can be wiped out in minutes.” The tragic events signal “a need to redouble our efforts toward greater digital preservation of our most important cultural resources.”


Chosunilbo (February 24)

2020/ 02/ 26 by jd in Global News

“Koreans have become global pariahs.” Israel, Hong Kong, Taiwan and other countries now ban travel from South Korea or impose quarantines. This is all because the “government dragged its heels over banning visitors from China…. China has ordered half of its 1.4 billion population to stay home” and “knows that the most effective deterrent to an epidemic is to limit the movement of humans.” Yet, it continued to let “its citizens freely visit Korea and other countries” while Korea “obligingly left the doors wide open.”


Wall Street Journal (February 24)

2020/ 02/ 25 by jd in Global News

“The stock market’s steep drop on Monday reflected fears that as the coronavirus spreads to other countries, the reaction may be as draconian as it has been in China.” We are in unchartered waters as “Epidemiologists say there is no precedent for such a drastic response.” Nor can we accurately forecast their economic impact.


LA Times (February 24)

2020/ 02/ 24 by jd in Global News

“Baby steps by a handful of oil and gas companies aren’t going to do much to combat overall emissions. Similarly, the Trillion Trees Initiative…won’t do an awful lot, either. In fact, it’s one of those fig-leaf solutions that offers a pretense of significant action against global warming while ignoring the most pressing problem — the burning of fossil fuels in the first place.”


South China Morning Post (February 22)

2020/ 02/ 23 by jd in Global News

“The assured tone of top health officials has made China’s initial failure to take prompt measures to contain the coronavirus all the more telling – and not least because it is from the same family of viruses as Sars.”


Washington Post (February 20)

2020/ 02/ 22 by jd in Global News

“China has an immense challenge coping with the outbreak. Its success or failure will affect the whole world. It has now mounted an enormous containment effort. But these early weeks of the epidemic reveal the hazards of an authoritarian system that hides the truth from its own people” as President Xi Jinping knew about the threat on January 7, if not earlier.


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