Billions or trillions: The great coronavirus trade-off

By: Andy Serwer with Max Zahn

As I’ve delved into previously, racism and COVID-19 are connected in myriad ways which continue to reveal themselves to us. But in this column I want to look into the fight against the coronavirus, because here too there’s much to parse. 

There’s talk now about a first wave versus a second wave, but really we still have only one wave in the U.S., meaning the disease hasn’t come, gone and then come back again anywhere.

The rate of infection of COVID-19 is now falling in 19 states including New York and New Jersey, about the same in eight states and rising in 23 states including Florida and Texas. New cases are up over the past seven days versus two weeks ago in the U.S. The CDC is predicting total deaths in the U.S, will climb to between 124,000 and 140,000 by the Fourth of July.

That will be a grim marker on our nation’s birthday.

While COVID-19, which has killed over 424,000 globally so far, isn’t the deadliest pandemic ever, (both the Black Plague and the 1918 Flu killed tens of millions), it is plenty horrific. The coronavirus has certainly wreaked the most economic havoc, in absolute terms at least, of any plague we’ve ever faced, certainly in modern times. And so rightfully the battle to mitigate this outbreak has become the greatest rapid-response action in the history of humanity.

Source: Yahoo Finance

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