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How Australia screwed up and went from Covid success to another pandemic crisis country


How Australia screwed up and went from Covid success to another pandemic crisis country
It’s the complacency rather than the callousness that’s led to Australia s current problems. The current crisis was entirely foreseeable.
David Fickling 15 July, 2021 9:05 am IST
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For much of the past 18 months, living in Sydney while a pandemic has raged around the rest of the world has been such an undeserved blessing that I’ve felt almost embarrassed in conversation with overseas friends.
From May last year until a few weeks ago, life had been close to normal, beyond the usual routine of QR codes and closed international borders. Even face masks had largely disappeared. Less than five dozen cases of local transmission occurred in my home state of New South Wales this year until June 16, when a limousine driver carrying flight crew from the airport caught the delta variant. The outbreak that resulted has now ....

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Global boom in house prices becomes a dilemma for central banks


MONEYWEB
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Global boom in house prices becomes a dilemma for central banks
Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term.
By Enda Curran, Bloomberg
12 Jul 2021 
08:10 
Image: Brendon Thorne/Bloomberg
Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support.
Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term. Pulling back too hard means unsettling markets and sending property prices lower, threatening the economic recovery from the Covid-19 pandemic. ....

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Seoul Social Distances, Australia Gets More Shots: Virus Update


Pfizer Outlines Booster Plans; Seoul Tightening: Virus Update
Bloomberg
29 mins ago
Bloomberg News
(Bloomberg) Pfizer Inc. plans to request U.S. emergency authorization in August for a third booster dose of its Covid-19 vaccine, based on early data showing that it can sharply increase immune protection against the coronavirus. South Korea is tightening curbs on social distancing rules in the greater Seoul area for two weeks starting July 12.
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Australian Prime Minister Scott Morrison said his government has negotiated with Pfizer Inc. for millions of vaccine doses to be delivered ahead of previous schedules.
The Tokyo Olympics will ban spectators from events held in Japan’s capital, revising an earlier decision to allow some fans, as the resurgence of virus cases pushed the government to declare a state of emergency in the city. Most young people face an “extremely low” risk of illness and death from Covid-19 a ....

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Pfizer Outlines Booster Plans; Seoul Tightening: Virus Update


Infections on the Rise, Johannesburg Mayor Dies: Virus Update
Bloomberg
16 mins ago
Bloomberg News
(Bloomberg) Coronavirus infections are rising across most regions of the world as the delta variant spreads, the World Health Organization’s chief scientist said. The reproduction rate in England has risen to levels last seen in October.
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South Africa’s National Coronavirus Command Council will meet on July 11 to assess the country’s response to the pandemic. Johannesburg’s mayor Geoff Makhubo died after contracting Covid-19.
Thailand ordered stricter measures to contain a surge in new cases, while South Korea is raising curbs on social distancing to the highest level in Seoul for two weeks starting Monday. Malaysia reported the biggest single-day increase in new cases since the outbreak began. ....

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