The Coronavirus (COVID-19) continues to soak up the resources for both under developed and developed countries. At the time of posting this blog the global medical community has been unable to inform about a vaccine. The blogmaster read the perspective of a leading Australian virologist recently where she opined that the world will have to live with the virus, in fact it will become as accepted as the Flu.

The disruption caused by COVID-19 will impact service based economies like Barbados and others in the reason where it hurts, in the breadbasket. One could rehash old arguments about the folly of putting all our eggs in one basket. If we are to work hard to move from the unsustainable position we find ourselves, we have to do more to shift our over reliance on tourism. Government’s current investment pipeline has signaled there are no immediate or medium term plans to modify the economic engines firing the economy.

If there ever was an opportunity to message our leaders there is an urgent need to reorder how we do business, it is now.

COVID-19
Since this news alert Italy is virtually on lock down. Thanks John A for always feeding the blogmaster with important information.

The local authorities based on public announcements and news coverage have been rolling out awareness campaigns, bumping up screening at ports of entry, building health infrastructure and leading discussions at the regional level to ensure a regional COVID-19 approach. Given the pandemic nature of COVID-19, it seems a matter of time before Barbados reports its first case. The biggest challenge for Barbados and service based economies is the fatalistic impact disruptions to global supply chains will bring.

#lordhearourprayer

 

951 responses to “Coronavirus (COVID-19) Virus Exposes Service Based Countries”


  1. Silly Woman
    March 16, 2020 6:52 PM

    @John March 16, 2020 11:16 AM
    Thanks John for the link from the [U.S.] National Library of Medicine. A very reputable source.
    My father, mother, and both my grandmothers, and at least one grandfather were all alive in 1918 and for long after, until 1957 to 2006. One grandfather died early, but i don’t think as early as 1918.
    i never asked about the 1918 flu. My parents would have been too young to remember. I had never heard about this flu until it was too late to ask the grandma who died in the late 60’s. She was middle aged wife and mother in 1918.

    +++++++++++++++++++++++++

    You are welcome.

    I feel we got off light in 1918.

    Tough quarantine on Pelican Island perhaps or some other reason worth identifying.

    I have never come across any reference to Spanish flu in Barbados.

    I will keep an eye out for it next time I am digging at the archives.

    The data I have for Westbury burials in 1917, 1918, and 1919 don’t suggest anything untoward.

    If I look at parochial burial registers in 1854, cholera, a different story.

    About 20,000 Bajans died in 3 months!!

    Cholera is bacterial not viral …. but I admit I am out of my depth so you should check that one.

    If my grandfather lived through Spanish flu in Barbados I would have heard about it.

    He would have delighted in telling us about it.

    He would have been about 27, married with 3 children in 1918.

    Typhoid in 1917 affected him because he got the manager’s job at the factory when he died in the Typhoid outbreak so that was a part of the family lore.

    I subsequently found a reference to the Typhoid outbreak in the minutes of the WWD.

    They had to close down a water source in Farmer’s/Apes Hill gully which was causing it.

    The outbreak was in the north, around Mile and a Quarter.


  2. Maybe the virus is here but those who have it are asymptomatic at present. One thing we do know for sure is that time will tell.

  3. NorthernObserver Avatar
    NorthernObserver

    And yes I have some ex-clients, like some in Bim who when I told to keep out of GoB instruments they scoffed. The DJ closed today 9000 points lower than Feb 13, that is 35%, and it isn’t done yet. I’ll tell you when to buy, it is what which will be the big question. Could easily drop another 5000 points. This is how you make you make money.

    NorthernObserverFebruary 24, 2020 3:24 PM

    Hants
    the corona virus has been under estimated. I have been OUT of stocks since Feb 13. I had no way of predicting cross-contagion within markets nor sectors. And then you add other environmental and national issues? All beyond my limited abilities to cross tabulate and compute.

  4. NorthernObserver Avatar
    NorthernObserver

    Cannot wait to see the Debt numbers in July 2020…..going to be better than buying 1000 Detroit homes for $100,000 in 2009. All those consumers who live paycheck to paycheck are going to get )((&)*%^&.


  5. The idea the coronavirus can’t survived in warm climates is a fallacy. The Philippines is much hotter than Bim and Manila is on lock-down because of the spread of the virus.


  6. How could you have 80% or 90% of businesses and am sure 95% of the work force dependant on one industry only for employment for over 50 years, the epitome of stupidity.

    “Green said he feels for local business owners in Barbados too, since most vacationers have left the island and locals are fearful of the long term impacts.

    “80 or 90 per cent of the businesses in countries like this, it is tourism, so when you take out all the cruise ships, and flights then nobody will be in hotels and resorts, so there are going to be thousands of jobs lost.”


  7. I am wondering how long the world can survive being on lock down.


  8. ?
    Scientific evidence relies on data, and it is crucial for researchers to ensure that the data they collect is representative of the “true” situation. This means using proved or appropriate ways of collecting and analysing the data and ensuring the research is conducted ethically and safely.Jul 2, 2013


  9. “Waru, you have the miller’s permission to patent your antidote to cure the ‘cold’ Covid!”

    Be careful Fowl Enuff don’t jump out and call you a witch or demon..lol


  10. @ John March 16, 2020 7:24 PM
    “Tough quarantine on Pelican Island perhaps or some other reason worth identifying.
    I have never come across any reference to Spanish flu in Barbados.”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Sir John, why not tell us a bit about the old Lazaretto hospital just off Lower Black Rock?

    What was it used for in its heyday(s)?


  11. “These bankers have messed up in 2008 and now ,here ,we have one of them expounding on microbiology.”

    lol


  12. Seeing the wealthy money melts right under their noses should be of comfort to the poor
    Especially the poor people living in countries where gross disadvantage was taken of the poor by greedy captalist
    Pay back is a S OB


  13. @ NorthernObserver March 16, 2020 7:43 PM
    “Cannot wait to see the Debt numbers in July 2020…..going to be better than buying 1000 Detroit homes for $100,000 in 2009. All those consumers who live paycheck to paycheck are going to get )((&)*%^&.”
    +++++++++++++++++++++++++++++++++++++++++++++++++++++

    That could lead to an overextended economic slump reminiscent of the Great Depression of the 1930’s.

    The world population of that period was estimated to be around 2 to 2.5 billion humans.
    Today, it’s more than double that.

    One can imagine the suffering that the poor and pseudo middle class of today would have to undergo having lost their rural/agricultural roots and now forming the massively enlarged body of the Lumpenproletariat surviving on State ‘welfarism’ (taxpayers’-funded hush money).


  14. Everyone is in the market. The ‘poor’ is hurting also.

    What became of Hal? I thought he was using his own computer and not that of the public library…. 🙂
    Closed the public libraries and Hal disappeared.
    That should make him surface.


  15. Singapore still has no deaths.

    Heard an explanation just now I will check.

    Systems!!!

    Figured so.

    SARS which originated in China in 2002 taught lessons to the worst affected countries.

    They learnt them and put in systems to deal with future outbreaks … they worked.

    Look at the number of deaths by country in the chart.

    https://en.wikipedia.org/wiki/2002–2004_SARS_outbreak


  16. That could lead to an overextended economic slump reminiscent of the Great Depression of the 1930’s.

    +++++++++++++++++++++++++++++++++++++++++

    What happened after the Spanish Flu in 1918?

    The Roaring 20’s!!

    .. then the stock market crash.

    What do all three have in common?


  17. Dont know of anyone that is “poor” that has millions invested in the stock market
    What i am speaking about is wealth


  18. This is what happened to a friend in NY, unless you can prove exposure as in Adris Alba’s case, the tests are not readily available without some research.

    “I have a fever and a cough. Can I get tested for COVID-19?
    Not necessarily. COVID-19 symptoms include fever, cough and difficulty breathing. But those are also symptoms of the seasonal flu, so doctors will first make sure you don’t have the flu or other common respiratory illnesses. Most hospitals and some urgent care centers can run a test for those and for some types of pneumonia. In most cases, results take a couple of hours. (Doctors’ offices can order these tests, in which case it may take a few days.) If those results are negative, then doctors might consider ordering a COVID-19 test. But before doing that, they will ask you more questions to determine how likely it is that you were exposed to the virus.”


  19. Greetings from Barbados to all!

    After the rat hole Jamaica, the Pepper Islands and Trixidad had totally blocked major European flights, 10 German wide-bodied aircraft stood at GAIA today. They not only picked up tourists frpm Barbadian hotels, but also those who were stranded on these other islands. I really cannot imagine that European airlines will simply go back to business as usual once the crisis is over. I would not be surprised if some islands were to be denied international flight access in future.

    How good it is that our leader Mia Mottley keeps a cool head and is not prone to panic reactions. Barbados is currently proving to be the most reliable tourist destination in the Caribbean.


  20. In six months time all would know how brilliant Mia was by refusing to close the borders
    Scientist have said they cannot predict a time period for this virus to live in the body and how it effect people
    Go Mottley u got this


  21. Patients with the new coronavirus keep the pathogen in their respiratory tract for as long as 37 days, a new study found, suggesting they could remain infectious for many weeks.

    https://www.bloomberg.com/news/articles/2020-03-12/coronavirus-can-live-in-patients-for-five-weeks-after-contagion


  22. The point was made to you already, ordinary people own an 401k.


  23. What irony if the Chinese are buying stock on the slide.


  24. THE BU BRIMBLERS BARKERS AND BRAYERS WHO HATE TRUMP ARE ASKED TO NOTE THE FOLLOWING

    As the global coronavirus death toll approaches 6,000, public fear continues to increase.

    However, one doctor says that there may be some good news in the form of a brand new treatment breakthrough.

    Known as the “Virus Hunter,” Dr. W. Ian Lipkin works at Columbia University’s Center for Infection and Immunity. On Thursday, he told Fox Business that “a very prominent medical journal” is about to publish a paper showing that “ten out of ten patients treated with plasma from patients who’ve recovered from COVID-19 had excellent results.”

    “This is the first news, not the last, by any means, that suggests that there may be a therapy that’s very useful” Lipkin said to host Melisa Franci. He went on to say that “we could have treatments in four weeks that could begin to save lives.”


  25. David it is obvious you cannot relate to what it meant by the word Poor
    Any how in my circle i know of poor people who cant not afford to invest in the stock msrket and who have lived at the bottom of the economic ladder at the whims of the wealthy
    As far as most of these poor are concerned they shed no tears for the wealthy who are losing on the shitty end of the economic ladder
    Btw please dont try explaining to me what poor means in terms of economics


  26. Trump takes charge

    For his part, President Trump laid out on Friday what his administration would be doing to address the crisis. “We’re taking several decisive new actions in our very vigilant effort to combat and ultimately defeat the coronavirus,” Trump said.

    “We had some very old and obsolete rules that we had to live with that worked under certain circumstances but not under mass circumstances,” the president continued.

    “They were in place a long time and we’re breaking them down now, and they’re very usable for certain instances, but not for this.”


  27. Not only the wealthy own 401ks.


  28. DAVID YOU ARE HITTING YOUR HEAD AGAINST A WALL HERE

    YOU WILL SURELY GET BLEEDING AROUND AND INTO YOUR BRAIN


  29. Pea Brain

    do you understand the meaning to “after contagion?

    at least you only cut and pasted

    NO

    PUTS man – PUTS


  30. As i said you idea of being poor is having 401k
    Well tell that to the people in countries that earn a living wage of less than five dollars an hour and cannot relate to those numbers
    The wealthy has taken advantage of much of the poor and in some way responsible for much of the worlds poverty along with govt support
    I shed no tears for them

  31. NorthernObserver Avatar
    NorthernObserver

    “What irony if the Chinese are buying stock on the slide.”
    Wait til they hit the M&A market, then is when sh!t will hit the fan. They like ownership.


  32. Knucklehead John don’t u understand i don’t give two rats about what u say
    Stupse take GP advice


  33. Pea Brain

    without 401Ks some poor people couldn’t survive on social security alone!

    do you even know what a 401k is?


  34. Highly compensated employees (HCE)[edit]
    To help ensure that companies extend their 401(k) plans to low-paid employees, an IRS rule limits the maximum deferral by the company’s highly compensated employees (HCEs) based on the average deferral by the company’s non-highly compensated employees (NHCEs). If the less compensated employees save more for retirement, then the HCEs are allowed to save more for retirement. This provision is enforced via “non-discrimination testing”. Non-discrimination testing takes the deferral rates of HCEs and compares them to NHCEs. In 2008, an HCE was defined as an employee with compensation greater than $100,000 in 2007, or as an employee that owned more than 5% of the business at any time during the year or the preceding year.[32] In addition to the $100,000 limit for determining HCEs, employers can elect to limit the top-paid group of employees to the top 20% of employees ranked by compensation.[32] That is, for plans with the first day of the plan-year in the 2007 calendar year, HCEs are employees who earned more than $100,000 in gross compensation (also known as ‘Medicare wages’) in the prior year. For example, most testing done in 2009 was for the 2008 plan-year, which compared 2007 plan-year gross compensation to the $100,000 threshold in order to determine who was an HCE and who was an NHCE. The threshold was $125,000 for 2019, and is $130,000 for 2020.[28]

    https://en.wikipedia.org/wiki/401(k)


  35. hahaa

    pea brain think 401k is 401 thousands
    hold muh belly hahaaaaa

  36. NorthernObserver Avatar
    NorthernObserver

    @john2
    I have usually lost in most options. I stick with what has worked for me. You can talk with Hal A when he returns he likes options. A great idea if you can nail the timing.


  37. @ GP March 16, 2020 10:26 PM
    Trump takes charge
    For his part, President Trump laid out on Friday what his administration would be doing to address the crisis. “We’re taking several decisive new actions in our very vigilant effort to combat and ultimately defeat the coronavirus,” Trump said.
    “We had some very old and obsolete rules that we had to live with that worked under certain circumstances but not under mass circumstances,” the president continued.
    “They were in place a long time and we’re breaking them down now, and they’re very usable for certain instances, but not for this.”
    +++++++++++++++++++++++++++++++++++++++++++++++++++

    Dr. GP, would you agree that Lady Karma is a bitc**h?

    Is this the same leader of your adopted ‘Trumpland’ who referred to those countries less infected with Covid 19 as “SHI**THOLE COUNTRIES”?

    Are Western European countries and the UK now to be classified in similar shit**y ‘kith-and-kin’ manner?

    Now, how would you describe your beloved Trumpland in its current stasis of frighteningly dangerous pandemia especially for those blue-blooded white Americans hooked on synthetic pharmaceuticals with all their myriad debilitating side effects?

    As a modern-day impregnable fortress with its own hundreds of lazarettos surrounded by the walls of Jericho and protected by the temple of Jerusalem?

    You Dr. GP, DD, the double dose of hypocrisy, ought to remember the fable of Moses trying to free his pale-skin enslaved people by the workings of ‘voodoo’ only having to fall back on Yahweh’s proclivity to mass murder by visiting unto their black magic working Egyptian enemies the 7 plagues and to be crowned with the corona of the Covid called the “PASSOVER” sometime ago but very long before the sacrifice of Jesus to save the world (including the Chinese and Bajans) from the pandemic of sin.

    “And the Lord said to Moses, “Make a fiery serpent and set it on a pole, and everyone who is bitten, when he sees it, shall live.
    So Moses made a bronze serpent and set it on a pole. And if a serpent bit anyone, he would look at the bronze serpent and live.”

  38. NorthernObserver Avatar
    NorthernObserver

    Wait til @Artax spies this 401k exchange. After he gathers himself, expect a dandy post. If only Bush tea were around.


  39. Miller
    March 16, 2020 7:55 PM

    @ John March 16, 2020 7:24 PM
    “Tough quarantine on Pelican Island perhaps or some other reason worth identifying.
    I have never come across any reference to Spanish flu in Barbados.”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++
    Sir John, why not tell us a bit about the old Lazaretto hospital just off Lower Black Rock?
    What was it used for in its heyday(s)?

    ++++++++++++++++++++++++++

    Give me an idea of when you think its heyday was and I will see if I can find out!!


  40. You think it was around at the time of Lazarus?


  41. @ Silly Woman March 16, 2020 6:17 PM

    @Mariposa March 16, 2020 8:28 AM
    “Isnt there data which states that the virus cannot live in hot temperature.”

    @ Silly Woman: ” No such data exists…yet”.

    There has been lots of comments that the hot climates experienced in Africa and other tropical places have had an inhibitory effect on the spread of the virus. Yellow fever is caused by a virus. Like the present virus, its genetic material is made up of RNA not DNA. All things being equal, shouldn’t yellow fever be affected by the temperature also?

    Viral particles outside the bodies of living organisms show no signs of having any life. It is only on entry into the body that the viral particle exhibits any signs of life. The biochemical reactions taking place are mediated by enzymes which have varying optimum temperature ranges within strict limits and this is a normal. To suggest that temperature is a critical factor seems to be a bit wide of the mark.


  42. The proven stupidity of Caribbean leaders, UK and everywhere tourists are coming from are CLOSING THEIR PORTS…Canada called all their people home, but dumb Caribbean leaders are keeping theirs open for ghost ships and planes…..the only thing the ports should be open for is food and other supplies.

    Another clown sucking on taxpayer’s money jumps out trying to groom the whole island to be jockeys and grooms, another go nowhere, low paying job, everyone cannot be successful jockeys.

    these have nothing in their heads that can benefit their own people, only more dependency…..useless leaders….only know how to borrow, borrow, borrow, herd the people together like cattle and keep them dependent will they and their crook friends rob the people and country blind to enrich themselves..BUT YOUR KARMA AWAITS YOU USELESS LUMP OF NOTHINGS.

    “The Government will keep both ports of entry opened for as long as the COVID-19 pandemic allows, Prime Minister Mia Mottley said tonight.

    She said in a live interview on national television that the livelihood of tens of thousands of Barbadians depends heavily on the country’s borders being opened for business.

    In explaining the potential impact, Mottley singled out the British tourist market: “This is so much more dependent on the UK, the taxi drivers, the hotel workers, the people working in laundries, the people working in restaurants.”


  43. The deluded leaders in Barbados and the Caribbean must think the UK cares something about their dependency syndrome, they are all being exposed for the useless leaders that they are for a every valid reason….pretending to be some kinda tinpot hero in the face of a killer virus will be sure to backfire.

    “Boris Johnson today urged Britons to stop all non-essential contact with others as he faced a grilling over the government’s coronavirus response. The PM is defending the UK’s strategy at a press conference amid growing questions about why it is out of step with much of the rest of the globe. He said the government was now ‘going further’ as the country was facing the ‘fast growth’ part of the outbreak. Anyone in a household where someone has been showing symptoms should isolate, he said. ‘Now is the time for everyone to stop non-essential contact with others.’ Fears over the impact of the coronavirus were laid bare today in a leaked Public Health England (PHE) briefing warning that a ‘worst case’ scenario could see an epidemic last until spring next year, and mean 7.9million needing hospital treatment.”

    “In a solemn live TV address on Monday evening, President Macron said that people would have to stay at home unless shopping for food or going to a pharmacy, heading for absolutely essential work, or exercising alone (pictured: Macron addresses the nation, left; army trucks roll through Paris, top right; and empty supermarket shelves, bottom right). The police and army will strictly enforce the new restrictions, with so-far unspecified ‘punishments’ for those who break them. Hotels and other private businesses will meanwhile be requisitioned by the state in order to help treat sufferers of the lethal virus. Borders with other European countries will also be closed, although French nationals will be allowed to ‘return home’.This morning, the capital appeared to fall silent as stations remained empty during rushhour, shops kept the shutters down, and customers were faced with empty shelves.”

    “Hundreds of British passengers who were stranded on a Caribbean cruise over coronavirus fears will be evacuated from Cuba, it was confirmed today.

    Captain Jozo Glavic told guests that the cruise ship Braemar was setting sail for Cuba where officials have agreed to accept the ship out of ‘humanitarian concerns’.

    The Foreign Office in London said it was ‘working around the clock to arrange evacuation flights from Cuba to the UK’.

    And Fred Olsen Cruise Lines, which operates the virus-stricken Braemar liner, has said the 667 Britons will fly back to the UK on Wednesday.”

  44. de pedantic Dribbler Avatar
    de pedantic Dribbler

    @David, why ironic “if the Chinese are buying stock on the slide”?

    That’s dictatorial capitalism Chinese style at its best or put in more mundane terms ‘when one door closes another is often opened’!

    Or seen in the conspiracy perspective: it would be exactly the next step in the deliberate acts to decimate world economies and then swoop in and pick off the desolate and desperate!

    Colonialism 101… American style of the 50s, 60s actually!

    This 401K side chat is amusing due to the dogmatic blinkered ‘ignorance’ (maybe) displayed by the resident DLP partisan … ignorant because as you are trying to explain, modern day life has provided an avenue for average folks who would not consider themselves wealthy investors by any stretch of the imagination to be invested in the same stock market used by the actual wealthy.

    In his/her ‘ignorance’ the glee shown because many wealthy invested in stocks have lost 70% and more of their retirement funds or seen their businesses devalued similarly, badly missed the fact that the same has happened for many average people (poor, now indeed) also whose retirement funds likely are also wrapped up in stocks.

    Clearly it’s lost on this partisan that the pervasive nature of easy to use electronic investment a/cs has catapulted many comparatively poor folks (those well below that HCE tag) into stock speculation.

    In short, this dramatic stock sell off which in years past would have caused grave (pun intended) consequences for those wealthy folks he rails about ALSO NOW badly affects ‘poor people’ who vested their 401ks deeply into stocks also.

    The upside of the pervasive electronics tho is the facility for individuals to more quickly advise their employers portfolio management company to reallocate their investment options (at least most allow same)… So anyone paying attention could have made some hits on a keyboard to modify their a/c.

    Maybe you should get @Artax or @Northern or @John A or any of the finance professionals to write a piece on modern day investment to help clear this DLP marionette’s fog or he can educate himself!

    Bottom line: what was once the playground of the wealthy with odles of discretionary income is now also a plaything for ‘poor’ folks who are adventurous… so lots of different folks can get cleaned out when markets tank like this …. And lots can clean up too!

    And to really belabour that analogy… If guys on Amazon are trying to sell Purelll at outrageous prices 60% or 80% higher and everyday average folks fully grasp that concept and understand the attempt at ‘usury’ (trying a big time profit thing)… then surely they can understand that if Boeing (BA) price is ‘discounted’ by over 60% on stock value or the more earthy Walmart (WMT) is discounted about 10% just since 30 days ago compared to today then they are likely worth a gamble buy now… for future resell at regular price!…

    … If one is adventurous enough to upsell hand cleaners for a big profit and can shed dogma about who is or isn’t wealthy enough then one can play the finance stock game too!


  45. Not even cousin Boris believes in his own folly anymore, so keep the delusions going, it looks real good on frauds, you wear it so well.

    “The UK could face indefinite lockdown without a vaccine against coronavirus, scientists have warned.

    Their modelling of how the disease could sweep through the country, kill more than 250,000 Britons and overwhelm the NHS forced Boris Johnson’s change in tack today.

    The scientists, from Imperial College London’s Centre for Global Infectious Disease, said the world was now in uncharted territory with the strict measures on limiting social contacts and quarantining households only able to “buy time” rather than stop the virus spreading.

    They estimated the new measures may mean the NHS can cope but would still lead to up to 20,000 deaths.”


  46. @Dee Word

    The irony comes because China is where Covid-19 is reported to have originated.


  47. Again i say i shed no tears for the wealthy you are losing their shirt on the stock market
    It was just a matter of time the economic abuse that the poor has taken at the hands of the wealthy says it is about time the wealthy gets a taste of their own medicine
    Bwt those shedding tears for “the poor” who about to lose their 401K tells a barfaced story of hypocrisy
    Mariposa did not hear the same ground swell of passionate and sensitive utterances when the “Poor pensioners of barbadod lost their live savings by a single stroke of the pen delivered by Mia
    Then to top it all off plummeting them with unbearable fees and taxes
    The hypocrisy coming from the mouths of the blp supporters feeling the pain of the poor who will be losing their 401k is nothing more than deceitful gestures
    Give me a friggin break
    I have some money in the stock market but if i lose i see it as a gain for the many poor people world wide who have been living off the crumbs that fell from the masters table
    Let the wealthy eat salt their time has come

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