Daily Briefing - June 3, 2020
Real Vision: Finance & Investing
Real Vision
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🗓️ 3 June 2020
⏱️ 35 minutes
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| 0:00.0 | It's Wednesday, June 3rd, 2020, just after market close in London. |
| 0:16.0 | This is the Real Vision Daily Briefing. |
| 0:18.0 | I'm Ash Bennington from New York, joined shortly by Roger Hurst from the UK. |
| 0:22.8 | But first, Nick Correa, with some additional stories. |
| 0:26.0 | Thanks, Ash. |
| 0:27.1 | Yesterday, I discussed the 1957 pandemic, |
| 0:29.9 | and today I'll talk about the third pandemic that occurred in the 20th century, the pandemic of 1968. |
| 0:36.0 | Like 1957, the 1968 pandemic was also caused by a novel strain of influenza A virus, variant H3N2, and it was colloquially referred to as |
| 0:46.0 | Hong Kong flu, as the first recorded outbreak was in Hong Kong on July 13, 1968. |
| 0:52.0 | Only a couple of weeks after that, extensive outbreaks were reported in |
| 0:54.9 | Vietnam and Singapore and by September the virus spread to India, the Philippines, |
| 0:59.2 | Australia, and Europe. By then, the virus arrived in California after the soldiers in the Vietnam War |
| 1:04.7 | returned to the U.S. The virus became widespread in America by December, and in the following |
| 1:09.6 | year, 1969, it had spread to Japan, Africa, and South America. The winter of 1968-69 is when |
| 1:16.7 | worldwide deaths peaked. The second wave in 1969-1970 was deadlier in many countries as seen through excess mortality, including England and Wales, France, and Australia. |
| 1:27.0 | Even though economic activity was not restricted like it has been today during the coronavirus outbreak, economic activity was still largely impacted due to high levels |
| 1:35.4 | of absenteeism because workers were falling ill or dying. |
| 1:39.1 | For example, a report in the Wall Street Journal wrote that in 1969, British Postal Services and |
| 1:44.4 | train services, as well as French manufacturing suffered from major disruption because people |
| 1:48.9 | were absent from work. |
| 1:50.3 | The CDC estimates that about 1 million people died worldwide from this outbreak, |
| 1:54.0 | and that in the US, about 100,000 people died, with most excess deaths being for those who were 65 and older. |
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