When this vaccine finally gets out to users, it will be exactly the same formulation that already existed in March 2020. Now just imagine if we had wiser leaders and wiser "medical ethicists" who went straight into a manufacturing ramp-up mode at that point. If had moral fortitude to ignore the idiot "ethicists" who refused to allow challenge trials for the vaccine, testing could have been done in three months, and millions of doses could have been available by the end of summer.
We could have saved a million lives, hundreds of businesses, and many months of lockdown. But I guess we chose the more "ethical" path and did everything the slow way, as we would if people weren't dying and our social institutions weren't collapsing under the rules of social distancing. And I don't blame this one on Trump, at least not entirely. There was basically a global consensus of "ethicists" who argued that we must slow-walk the vaccine. It's apparently better to let a million people die than to deliberately expose fifty thousand volunteers to slightly dangerous challenge trials.
I was one of these volunteers. I live next door to the NIH in Bethesda, MD, and wrote them in March that I would like to participate in a challenge trial, and to urge them to get started. I got a canned response and then nothing. When all is said and done, I hope these ethicists are at least fired. We treat this pandemic as some force of nature, but really, we could have risen to the occasion and blunted its impact. It wasn't our scientists that failed us. Already in March, they had a working vaccine. It was our leaders and our ethicists.
One thing that colleges are good at is identifying talent. You see a lot of studies that say: a degree from college X will increase your lifetime earning by 2 million, but these numbers are bullshit. They don't compare matched cohorts. Elite universities identify upward-bound people, and those very people are basically bound for success no matter what they do. To estimate the value-added number accurately, studies would have to compare people who get into college X and go against people who get into college X and don't go. While these studies exist, the latter group usually still ends up in some other college. And guess what: the outcomes of the two groups are basically the same. The fancier college doesn't build them into more successful people. It's just good at identifying future winners. Nobody has systematically compared groups of students who get into Harvard and go to students who get into Harvard but instead take a job in industry. But I bet the latter would do quite well.
Companies could really free-ride on the knack that elite university admissions committees have for identifying talent. Somebody should announce that we auto-hire you with such-and-such started salary if you show up with an acceptance letter from Cal Tech or whatever. The salary might depend on the university and major. It wouldn't have to be that high, because we're talking about 17-year-olds. They may be smart, but they don't need a fortune. Part of their payment would be the opportunity to take some part in the company's marquee projects and work under a mentor/academic advisor who guides their professional development. The company could also arrange something that looks much like seminars where these young hires are together and receiving lessons from the company's senior stars.
For the student it could feel a lot like college, except instead of paying, they're being paid, and instead of doing lessons, they're actually taking part in building stuff. For the company, they're getting the same people that they would hire four years later, once they have fancy degrees and cost a fortune, but still need almost as much training.
... its stock price is primarily speculation.
Every stock price is primarily speculation. Either you speculatively expect the company's current performance to continue into the future, or you speculatively expect that it will get better, or that it will get worse. Everyone who trades the stock makes some sort of speculative bet based on one of these expectations, and the trading price of the stock is the result of the sum of all the expectations of all the traders. That's not just a story of how Tesla stock works. That's just how stock works. Again, if you think you're clever and feel sure that the sum of the world's traders got this one stock's price wrong, you're free to wade in with your money.
Why does Trump have to make everything about a pissing contest, and why do we buy into it? Let's say that this German company really is making progress toward a vaccine. I sure hope that's true. What value is there in moving their operation across the Atlantic? Just so we can brag that the vaccine was discovered here? Who fucking cares? Trump and everyone else should be working to accelerate research, and making a promising research group pack and move in the middle of such a time-sensitive pandemic is not smart.
Yeah, it would be different if the German company was saying that it won't share its findings with the world and manufacture their vaccine only for Germans. But they're not saying that. If anything, it seems that the relocation move was meant to produce a USA-exclusive vaccine, which would be criminal and completely insane. Once we have a vaccine that works, there are countless labs around the world that can manufacture it. That anybody would withhold a successful recipe from others would be sheer dystopian depravity, and something that we just can't let happen.
If this German research group is in the lead, the USA should shower money and resources at them. Every day by which we shorten the covid-19 crisis will save us $billions. Meanwhile, we should be spinning up local manufacturing capacity, based on what we can now guess the successful vaccine will need in order to manufacture.
If restaurants want to do delivery, then it's up to them who they want to make deliveries for them.
I don't think that's right. If a restaurant is willing to sell meals "to go," then GrubHub is allowed to buy a "to go" meal from that restaurant, as much as is any other customer. It was only in the bad old days that restaurants were able to pick and choose patrons, back when places had signs that say "NO COLORED." Since the Civil Rights Act, if you set prices and somebody shows up and pays the price, you gotta serve them, even if you don't like them.
Really interesting, all the reasons you give for why students should show up to your class. One conspicuously missing reason: The material is fascinating and important for anyone who wants to be literate in the field, and it's presented in a way that's designed to infect students with enthusiasm for the content.
I always told my students that I don't take attendance for the same reason that movie theaters don't take attendance: If you bought a ticket but you don't go to the movie, would it make sense for the theater to issue you a non-attendance fine?
He has not acquired a fortune; the fortune has acquired him. -- Bion