How To Handle the pandemic - Coronaviurs
A pandemic, like the Coronavirus, we are currently witnessing, is different from a plague, in that, it always spreads throughout an outsized area, and/ or, nearly the whole world, and, There are many theories, on the simplest course of action, but, all of those, have some kind of side effects, and/ or, ramifications. Since no one can see into the longer term, it only is sensible, for public leaders/ officials, to carefully plan, and pursue the simplest course of action, while preparing for potential ramifications, thereupon in mind, this text will plan to, briefly, consider, examine, review, and discuss, 5 potential ramifications, of those actions, with the intention, of, hopefully, being, as prepared, as possible, and, thus, reduce adverse impacts.
1. Short - term national: In today's global economy, it's often, challenging, to differentiate between national and international economic ramifications. there's little doubt, that a lot of industries, will suffer! In any City, closing Broadway, Madison Square Garden, etc, features a serious financial impact. Closing restaurants, and bars, will harm these businesses, While those, with deeper - pockets, may suffer, but be strong enough, to handle these short - term woes, many smaller companies, individual smaller restaurants and bars, and, especially, shops, are, at - risk! Major economic analysts have, already, proclaimed, without government help (bailout), many airlines, may go bankrupt. Us proposals, to - date, have addressed, providing banks, etc, with easier access to funds, by reducing the Federal Reserve System Rate, to shut to 0%. However, it's important to acknowledge, this is often the speed banks borrow at, and, doesn't automatically, translate to their lending practices (because, often, within the past, banks haven't always been the foremost responsible, caring citizens).
2. Health/ medical: At the top of 2019, the planet Health Organization (WHO), offered testing kits, which our government, declined, at the time. Our nation has been seriously behind, many other nations, because, to - date, few are tested, and, thus, our efforts are hindered! While Australia, and several other nations, have created, and using, drive - through, testing stations, we are only, starting to do so! what percentage is going to be, at - risk, exactly what proportion of a health - danger, this is, etc, are all, issues, we'd like to evaluate! While, it's probably, much better, to be safe than sorry, what is going to this do, for the longer term of retail, health care, and lots of other businesses, etc?
3. Worldwide economy: there's little doubt, we'll witness a significant impact on the worldwide economy! the availability - chain, which was, already, under - siege, due to many of President Trump's trade policies and tariffs, is near, closed, within the short - term! With few international air flights, many borders closed, and markets, throughout the planet, affected, we'll feel these impacts, for a protracted period!
4. Precedent: If we learn from this pandemic, and become better prepared, within the future, something valuable, will begin of this! It demonstrates, perhaps, quite ever, we sleep in a worldwide world, where what happens, elsewhere, features a huge impact, into the longer term, and everywhere, so, there should be no place for vitriol, rhetoric, or polarization, etc! How we behave, Now, will, either, be a positive, or negative rhetoric!
5. Will it bring - on, a protracted recession?: After, over a decade, without a recession, and, considering, many anticipated a recession, within the somewhat, near - future, before this happened, how might this worldwide, near, shutdown, affect the worldwide economy, and for a way long, into the future?
While the health of our citizens, and those, living, throughout the planet, should be, of paramount importance, and therefore the top priority, we'd like to be prepared, for the future! it's the responsibility of the general public, to demand, their public officials, prepare better, and prioritize, health, and well - being!
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