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It turned out that the Chinese Communist Party didn’t turn to its CDC to lead the response; they turned instead to the military. More worrying, Chinese officials didn’t feel a strong imperative to keep their own public health agencies informed of events. Through December, information on the outbreak was widely shared with the medical branches of the Chinese military, but not with China’s CDC, according to US health officials I spoke with who were in contact with their Chinese counterparts. One illuminating fact: the Chinese authorities sent the head of their biowarfare program to Wuhan to oversee the response. In the US, we were misled by a belief that China’s effort would conform to the type of response that many US public health officials would have envisioned, with public health institutions taking the lead. China’s CDC was largely sidelined.
Uncontrolled Spread
Scott Gottlieb
Bargain-priced stocks (and markets) can still disappoint. In the periods when the S&P 500 was trading in the cheapest quintile of market P/Es, ten-year compound real returns were as high as 19.4 percent, but also as low as 0.3…
Big Money Thinks Small
Joel Tillinghast
In technology hardware, everything changes constantly. Cyclical commodity producers are bound to hit the wall at some point, as are highly indebted firms. In certain places, kleptocracy, expropriation, and cronyism are just the way things get done. I want no part of it.
Big Money Thinks Small
Joel Tillinghast
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