Business & Investment

COVID has brought us a year of spectacular uncertainty — but this is what I do know.

How are you? It’s been quite a year.

It’s been exactly one year since the World Health Organization declared a coronavirus public health emergency a “pandemic.” In retrospect, we can see how far we have come and how we have already begun to return to some sort of normal, the new normal. In New York, at least. The restaurant may grow to 50% of its capacity by March 19th. The office is preparing a gradual return to work plan.

I have a vaccine. actually, vaccine.. Consistent with the national average, over 10% of New Yorkers are fully vaccinated. The outlook for one vaccine seemed a lifetime away last March, and it was too late for more than 500,000 Americans. A year later, the quarantine does not seem to be so intense. Perhaps we have normalized it, but if our stoicism turns into fatigue, we could be forgiven.

There is a new government in the United States. According to a poll by NPR / PBS NewsHour released Thursday by Marist, 62% of people approve the work that President Joe Biden is doing with the pandemic. He got a 49% lower job approval rate. Still, Biden signed a $ 1.9 trillion stimulus on Thursday. This is the third such rescue since the pandemic began.

“Always expect something unexpected.”

“There is a sense of progress,” said Lee Millingov, director of the Maristo Public Opinion Institute. There may be a price to pay for that progress. Texas has waived the state-wide mask obligations. This is a move condemned by medical professionals and scientific studies on the effectiveness of masks to help stop the spread of COVID-19. Austin, the state’s fourth-largest city, maintains Mask’s mission.

So what have you learned in the last 12 months? From a financial perspective, we have learned to always have emergency funding and to anticipate the unexpected. Keep track of your taxes as you don’t know when the Internal Revenue Service will join you to send millions of stimulating checks. Don’t panic. Investment decisions made out of fear rarely end up in a good place.

The pandemic has exacerbated many inequality in our society. Millions of Americans didn’t have the luxury of working from home. Many front-line workers, such as bus and train drivers, supermarkets, and healthcare professionals, also pay a high price for their physical and mental health. They bet their lives for the rest of us.

Helping others is helping yourself. According to Fidelity Investments’ behavioral economics research leader and psychologist Andy Reid, “thinking about others actually has some benefits in times of crisis.” “First, we tend to be less prejudiced when making decisions on behalf of others or incorporating the perspectives of others.” And it relieves our own stress and anxiety. He said it would help.

“Stay on the floodplain”

Fidelity Tips provided To deal with these public health crises: “Spend time learning from the past to prepare for the future. Those who have acquired new skills, strengths they did not know they have Those who find it, or those who build resilience as a result of a pandemic. “And” work on obstacles by subdividing the challenges and solving them one at a time. “Don’t wait for them to pile up. give me.

“Don’t be afraid to get a little help from others, good or bad,” he added. “This is not an easy task. Many survey respondents have shown that they get the most support during a fun event, not a rewarding one.” The survey found that people “share negatives.” I suggested that I was refraining from doing it.You can use zoom
+ 5.70%
+ 3.39%

And FaceTime
+ 1.65%

To counter it.

In the meantime, be willing, even if you are young, especially if you have children and encourage others to do so. Stay on the floodplain, both in your life and at work. The more experience and methods you have to hone your skills, the better, as you don’t know when you have to adapt and change. Keep thinking ahead. How can I do this in another way? What more can we offer?

“Things change without you realizing it.”

Unfortunately, during the coronavirus pandemic, as it was 100 years ago, there is a gap in the fate of the rich and the poor. During the 1918 influenza pandemic, wealthy people were more likely to survive. The mortality rate for individuals with moderate or higher economic status was 0.38%, while the mortality rate for individuals with poor economic status was 0.52% and the mortality rate for very poor people was 1%.

Economically, women were disproportionately damaged by both pandemics. The International Labor Organization said women are at high risk of being infected with COVID-19 and are unlikely to receive social security “because they make up the majority of domestic, health and social security workers in the world.” A man who lost his wife to the virus in 1918 performed better than a woman who lost his spouse.

Changes can occur without our knowledge. The healthcare system has survived the first flood, where many patients had difficulty breathing. Despite being the epicenter of a pandemic in the United States, New York City was not short of ventilators. Since then, it has been overtaken by California in terms of COVID-related deaths. However, the usual anger of ambulance sirens slowly disappeared.

Some are constant. Even if I don’t support my neighbor’s healthcare professionals and frontline staff, the mysterious trumpet player in my neighborhood who seems to be ringing pots and pans every night at 7 pm continues. The music is calm and the player consistency is encouraging. But it also gently reminds us that it’s not over yet.

Read more on the MarketWatch series’Dispatch from a pandemic.. ”

New York was the epicenter of the coronavirus epidemic in the United States in March 2020. A year later, New York is slowly reviving.

Carry Ann Totchi

COVID has brought us a year of spectacular uncertainty — but this is what I do know. COVID has brought us a year of spectacular uncertainty — but this is what I do know.

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