Lifeboat Foundation

Editor’s note: The story has been updated.

Japan could see some 850,000 people seriously sickened by the coronavirus and almost half of them dying if no social distancing or other measures are followed, according to an expert estimate released Wednesday.

Japan has the world’s oldest population, which is a particular concern since COVID-19 can be especially serious and fatal in the elderly. And there are concerns that Japan’s government has done too little and acted too late to stave off high numbers of seriously ill patients.

Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including the U.S., China, euro zone and Japan shows their aggregate money supply had already more than doubled to $80 trillion from before the 2008–2009 financial crisis.

These numbers are so large that they no longer have any meaning; they are simply abstractions. It’s been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary. Former Fed Chairman Paul Volcker once said in an interview that “it is a governmental responsibility to maintain the value of the currency they issue. And when they fail to do that, it is something that undermines an essential trust in government.”

Among the ongoing mysteries surrounding last week’s arrest of Harvard University nanoscientist Charles Lieber is the precise nature of the research program Lieber was conducting in his cooperation with Chinese researchers.

Lieber was arrested on 28 January on charges of making false statements to U.S. law enforcement officials and federal funding agencies about a collaboration he forged with researchers in China. He was released two days later on a $1 million bond. An affidavit outlining the charges against Lieber notes that in January 2013, he signed an agreement between Harvard and Wuhan University of Technology (WUT) in China. According to the affidavit, “The stated purpose of the agreement, which had a five-year effective term, was to ‘carry out advanced research and development of nanowire-based lithium ion batteries with high performance for electric vehicles.’”

Officials at WUT have not responded to requests for comment on their agreement with Lieber. But it outlines just the kind of high-tech work that U.S. prosecutors involved in efforts to investigate Chinese attempts to acquire advanced technology from U.S.-based researchers say they are concerned about. They allege that the Chinese government has used such collaborations to improperly take advantage of the federally funded research enterprise, and gain an edge in economic and military advances.

Most quantum computers being developed around the world will only work at fractions of a degree above absolute zero. That requires multi-million-dollar refrigeration and as soon as you plug them into conventional electronic circuits they’ll instantly overheat.

But now researchers led by Professor Andrew Dzurak at UNSW Sydney have addressed this problem.

“Our new results open a path from experimental devices to affordable quantum computers for real world business and government applications,” says Professor Dzurak.

The widespread perception that it was once official British policy to let the novel coronavirus spread until the population reached herd immunity is false; the government was just overly optimistic about how easy flattening the curve would be. But the idea has gained so much traction in some circles, fueled by speculation that we might already be much closer to it than we think, that it’s worth understanding why it’s not a viable policy according to the evidence to date.

The U.S. government is still trying to understand the origins of covid-19.

Step two of…

(Meanwhile in Bangladesh)

The ID2020 Alliance has launched a new digital identity program at its annual summit in New York, in collaboration with the Government of Bangladesh, vaccine alliance Gavi, and new partners in government, academia, and humanitarian relief.

Continue reading “ID2020 and partners launch program to provide digital ID with vaccines” »

While Hokkaido was not covered in the state’s declaration of an emergency, the prefectural government and the municipal government of Sapporo, the prefectural capital, issued a joint emergency declaration following reports of double-digit increases in infections for the fifth straight day.

“We are facing a crisis of a second wave in the spread of (the coronavirus) infections,” Hokkaido Gov. Naomichi Suzuki told reporters, asking residents to refrain from making nonessential outings.

Hokkaido had declared its own state of emergency on Feb. 28 ahead of the government and lifted it on March 19, citing signs that the coronavirus spread was abating in the prefecture, a popular area for both Japanese and foreign tourists.

The coronavirus pandemic has resulted in the deaths of tens of thousands of people across the globe. It is also causing huge damage to the global economy. According to the predictions of the International Monetary Fund (IMF), 2020 could be the worst year since the Great Depression in the 1930s, with more than 170 countries likely to experience negative per capita income growth due to the pandemic. Countries are taking different measures to mitigate that economic impact, depending on the situations in their countries. However, the process of overcoming economic crisis is going to be extremely difficult. Few businesses would find it hard even to sustain and there is going to be a significant upsurge in unemployment rates.

Like much of the rest of the world, India is under lockdown. It is bit premature to predict the exact impact of coronavirus crisis on the Indian economy since the situation is still evolving. However, it is clear at this stage that the country will be facing major economic downturn and levels of unemployment will steeply rise. The government has already offered an economic package of 1.7 trillion rupees ($22.3 billion) in the last month for providing food security and money to the poor. It is expected that the government would shortly announce the next economic stimulus package.

All this would require the government of India to undertake a ruthless review of existing patterns of expenditure. The government budgeting caters to the requirements of various segments of the society, including agriculture, health, education, and railways. The budget has two other important areas of attention: defense and science & technology.