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Forbes Billionaire Warren Buffet Says COVID ‘Not the Worst You Can Imagine’ Predicts New One



Warren Buffett

Billionaire Warren Buffett issued a grave message during his CNBC show, ‘Buffet & Munger: A Wealth of Wisdom.’ The 90-year-old ‘Oracle from Omaha’ as he is called, not only said the COVID-19 pandemic is not over but also predicted: “there will be another pandemic.”

The future pandemic will likely be worse than what we experienced with COVID-19 because “despite the lessons that this experience has left us, people would not be prepared to face it either” reports Entrepreneur.

“We know that there is a nuclear, chemical, biological and now cyber threat. Each of them has dire possibilities, “Buffett said. ” It doesn’t seem like it’s something that society is fully prepared to deal with,” he added.

“I learned that people don’t know as much as they think they do. But what is most learned is that the pandemic could be seen coming and that this is not the worst that can be imagined,” said the billionaire. “Society has a hard time preparing for remote situations, which are possible and will happen sooner or later.”

The CEO of Berkshire Hathaway, who ranks ninth in the Forbes billionaire ranking, hammers home the lesson that the coronavirus taught him that the entire world is not prepared for such emergency situations.

Specifically, the economic devastation for small businesses are disproportionate. “Many hundreds of thousands or millions of small businesses have been hurt terribly,” he said. Other areas, such as automotive companies, experienced “a fabulous success that they did not anticipate” recalling the registered record profits thanks to the reopening and the reduction in supply derived from chip shortage.

“(The pandemic) has been very unpredictable, but it has worked better than expected for most people and most companies. And simply, through no fault of their own, it has decimated all kinds of people and their hopes” he added.

The billionaire himself admitted he did not know what was going to happen with some of his wealth due to his airlines BNSF Railway and NetJets. However, he says he focused on supporting other companies so they would not have to resort to government aid to survive. “We remind them that they had a rich brother.” See, even Buffett cringes at the thought of resorting to government aid.

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Biden Says He Doesn’t Think COVID Is ‘Here To Stay’



Joe Biden

On Friday, President Biden said he doesn’t think that COVID-19 is here to stay, but added that he does think the virus will remain around the world.

“No, I don’t think COVID is here to stay, but having COVID in the environment here and in the world is probably here to stay,” Biden told reporters at the White House.
“COVID as we’re dealing with it now is not here to stay, the normal doesn’t have to be. We have so many more tools we developed and we continue to develop that can contain COVID and other strains of COVID,” he added.

Biden’s comments come shortly after six of his former health advisers, who helped him with the COVID-19 pandemic during his presidential transition, published three opinion articles in the Journal of the American Medical Association urging Biden to change his strategy in responding to COVID-19 to one accepting that the virus was here to stay and learning how to live with it.

“They say the first thing the administration needs to do is take a broader vision, by recognizing that Covid-19 is here to stay. In one article, Dr. Emanuel and two co-authors — Michael T. Osterholm, an epidemiologist at the University of Minnesota, and Dr. Celine Gounder, an infectious disease expert at New York University — pointedly note that in July, Mr. Biden proclaimed that ‘we’ve gained the upper hand against this virus,’ which in retrospect was clearly not the case,” The New York Times reported.

Biden’s comments suggest he has not yet listened to the advice of these experts, even as the COVID-19 pandemic has worsened to reaching over 1 million new daily cases.

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Former COVID Advisory Board tells Biden corona now ‘one of several circulating respiratory virus’ like flu




Doctors who once advised President Biden on how to handle the coronavirus are now telling him to change his strategy via a series of published articles in the Journal of the American Medical Association.

The six doctors, Drs. Ezekiel Emanuel, Michael Osterholm, Celine Gounder, David Michaels, Rick Bright and Luciana Borio were members of the advisory board that worked with Biden during his transition period before taking office.

“As the omicron variant of SARS-CoV-2 demonstrates, COVID-19 is here to stay” and therefore Biden’s national strategy must be “updated.”

“The goal for the ‘new normal’ with COVID-19 does not include eradication or elimination, eg, the ‘zero COVID’ strategy. Neither COVID-19 vaccination nor infection appears to confer lifelong immunity,” they wrote.

“Current vaccines do not offer sterilizing immunity against SARS-CoV-2 infection. Infectious diseases cannot be eradicated when there is limited long-term immunity following infection or vaccination or nonhuman reservoirs of infection.”

The “new normal,” they explained, should be “recognizing that SARS-CoV-2 is but one of several circulating respiratory viruses that include influenza, respiratory syncytial virus (RSV), and more.”

The doctors also pointed out there are many treatments with varying levels of effectiveness such as remdesevir and dexamethasone, monoclonal antibody treatment, and oral treatments like Molnupiravir and Paxlovid.

“Finally,” Fox News reports, they said it is imperative “to rebuild trust in public health institutions and a belief in collective action in service of public health.”

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