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401k and Personal Finance

I love Italy

The news coming from Italy is heartbreaking: Italy lost nearly 800 people in one day due to Coronavirus. Overall Italy lost more people than the epicenter of outbreak in China’s Hubei province (Wuhan is the capital city of Hubei, with 11 millions people). I think Italy has a population comparable to Hubei’s. In my high school years, a while ago, I watched quite a bit Italian soccer league, from Maradona to other Italian and International players. Milan has two teams: AC and Inter. And I know a little about Italy from the world history class. They are some explanations of the higher death rate in Italy. I hope things can get better from here. Besides the difference in terms of social distancing and lock down, Wuhan / Hubei did have one advantage that Italy does not have: that is China poured help from many other provinces: in total there were more than 40,000 doctors and nurses coming from all over China to help, that was about 10% of the relevant healthcare resources in China. Here is an article talking about the people in Wuhan sending off the medic teams leaving Wuhan when the mission is completed.  This kind of arrangement is difficult to accomplish in Italy, if not all possible. But note China did send some help in terms of advisors (doctors) and medical supplies to Italy, Iran, Spain and other countries (Serbia, Czech), also neighboring Asian countries too.

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