SINGLE-PUBBLICAZIONE

Special Covid-19 Series, Issue #33

Autore : Action Institute

Data: 03-05-2021

Tipo: Other

Tematica: Action Institute

Hello, Action Institute Community!

While the COVID-19 pandemic is hurting the global economy, we at Action Institute aim at delivering a whole-rounded perspective, cutting through the noise.
Our weekly Special series approaches the effects of the virus from different perspectives: from medical facts to health policy, from economic policy to macroeconomic issues, from politics to financial markets, from technology to the impact on businesses, and more. We encourage our esteemed readers to provide us with feedback and suggestions.

This weekly issue proposes a selection of papers and articles focused on (i) Medical Facts and (ii) Social Impact.

 

 

MEDICAL FACTS
“Medicine is a science of uncertainty and an art of probability.”, William Osler

 “Vaccines are working: charts that show the Covid endgame” (FT, John Burn-Murdoch, April 21st, 2021). Although infections are at a record high, and it is easy to feel as if the coronavirus pandemic is getting out of control, the following article demonstrates how lives are being saved in countries with effective immunisation programmes. By portraying data from five countries, each facing a very different scenario, this article finds that rates of infections, hospitalisation and death have traced a lower path among the older, most vaccinated age groups than among younger cohorts, who are the least likely to have received the vaccine.

 “People Are Reporting Unexpected Side Effects After COVID-19 Vaccination—But That’s Actually Normal” (Time, Jamie Ducharme, April 22nd, 2021). Starting from the experience of a vaccinated person, the article tries to raise awareness on the emergence of unreported vaccination side effects. The main point raised by the article is that in a clinical vaccine trial carried out on a small sample of individuals there could not have been the recognition of some side effects which occur in a massive vaccination campaign. Nonetheless, side effects are a normal and temporary part of a vaccination, thus citizens do not have to be worried.

 “Could covid lead to a lifetime of autoimmune diseases?” (MIT Tech Review, Adam Piore, April 23rd, 2021). Evidence is growing that in some people COVID-19 infections are producing autoantibodies, dangerous immune proteins which are targeting the body’s organs, such as the heart and the liver, and blood cells. The following article describes the results of several testings carried out on blood samples from COVID-19 patients and analyses the long-term health problems which these autoantibodies could generate.

 “Some vaccinated people are still getting covid. Here’s why you shouldn’t worry.” (MIT Tech Review, Cassandra Willyward, April 29th, 2021). According to new figures released by the Centers for Disease Control and Prevention, 0.008% of vaccinated Americans became infected by SARS-CoV-2. Despite this encouraging data, the article highlights how it is necessary to boost vaccine shots, because a rising number of infections in vaccinated people might mean waning immunity or the emergence of a new variant that can dodge the immune response.

 

 

 

SOCIAL IMPACT
“Society is unity in diversity.”, George Herbert Mead

 “Pandemics make us more averse to inequality” (Vox.eu, Miqdad Asaria, Joan Costa-Font and Frank Cowell, April 15th, 2021). COVID-19 has not only impacted inequality, it has also affected preferences for inequality. This column examines inequality aversion in Italy, Germany, and the UK. Surveys taken during the early stages of the pandemic show higher aversion to income inequality than to health inequality in all three countries, consistent with the findings of other studies conducted before COVID-19.

 “Americans Faced Less Financial Hardship in 2020 Than Before the Pandemic—But That May Not Last” (Time, Emily Barone, April 19th, 2021). A recent report from the Urban Institute finds that Americans experienced less material hardship in 2020 compared to 2019. The analysis suggests that federal pandemic relief measures played a significant role in mitigating financial adversity. Although the report did not measure changes in financial health, its conclusions complement other economic markers showing that Americans are generally in better financial shape now than they were before the pandemic.

 “‘We are drowning in insecurity’: young people and life after the pandemic” (FT, Sarah O’Connor, April 25th, 2021). The following article is part of a series focused on the obstacles and opportunities faced by young generations. The article portrays the results of a survey carried out on under 35s which focused on their lives and expectations in the wake of the pandemic. The answers of the survey suggest that numerous young individuals believe that, for their generation, the social contract has been broken. The survey also hints at shifts in how young people perceive the role of luck versus merit, the way they traverse the world of work, and how they feel about the future.

 

Credit

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

Herbert Hoover […]

Health

Good health is essential to social and economical development and it empowers all of the public sectors.

World Health Organization […]

Innovation

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Peter Drucker […]

Human Capital

Talent is a source from which water flows constantly renewed. But this source loses its value unless it is properly used.

Ludwig Wittgenstein […]