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COVID-19 Cases Up; Home Prices Up (Again); Suez is Open
Stories for Tuesday, March 30
CDC Warns that COVID-19 Cases Are Rising
Over the weekend, and again on Monday, the CDC and President Biden warned that relaxed precautionary measures taking effect across the US has caused the uptick in COVID-19 cases this month.
The other reason for the increase is that the US is in a breakneck race to battle not only the original coronavirus, but the variants that have spread across the rest of the world.
While there is some experiential data that the current vaccines protect against some of the “variants of concern”, empirical evidence is hard to come by this early in the game.
Why the concern? Just take a look at Brazil.
While Bolsonaro never took the pandemic seriously, the variants have wreaked absolute havoc in his country, with an expected death toll of 60,000 in March alone.
Can you imagine if that were to happen in the United States?
It would mean shutdowns (again), job losses (again), and an increase in the wealth gap (again). There would also most likely be a(nother) stimulus package to help dig the economy out of the whole it’s in (again).
