UPSEAA Lecture 6, Ferdie Constantino and SMC infra

This is a delayed post about the lecture by a fellow UP School of Economics (UPSE) alumni, Mr. Ferdinand "Ferdie" K. Constantino, the Chief Finance Officer and Treasurer of the largest business conglomerate in the Philippines, San Miguel Corp. (SMC). Ferdie gave a talk at the UPSE Alumni Association (UPSEAA) last September 13, 2019 held at the SMC HQ in Ortigas. This photo I grabbed from his fb page when he received the UP Alumni Association (UPAA) distinguished award in 2019.

Unlucky for me, I wasn't able to hear his lecture because it was raining so hard that afternoon till evening, traffic was horrible, I didn't drive and I took the bus. The bus took 1+ hour traversing Ayala Ave alone in Makati to reach Edsa, then another heavy traffic in Edsa. When I arrived at SMC, people were already leaving, Ferdie was still there, we have a short chat, I was served nice dinner, plus San Miguel beer of course.

Ferdie's topic that day was SMC infrastructure. 2019 saw traffic congestion worse than previous years and Ramon S. Ang (RSA), SMC's President and COO already proposed an elevated tollway in Edsa. Really a radical idea considering that Edsa is always full of vehicles and there is an MRT railroad in the middle.

Ferdie said he shared info that they give to their investors, the ppt they cannot send by email to non-investors, ok with me. He sent me the SMC Annual Report 2018. It's old to write now, I checked the Annual Report 2019, it's available, https://www.sanmiguel.com.ph/files/reports/SMCAR_2019_0723A_finalweb.pdf.

This somehow summarizes their biggest infra projects. Skyway stage 3 is very important, it will help decongest Edsa and other roads in Metro Manila because vehicles from the south (Calabarzon, etc) going to the north (Central and Northern Luzon) and vice-versa can just travel at SLEX - NLEX direct. 

MRT 7 is also important because it will serve so many passengers from Fairview, QC and bordering municipalities of Bulacan (via Commonwealth Ave., Regalado Ave., etc) down to Manila. Partial operation by 2021. 

The SLEX–TR4 from Sto. Tomas, Batangas to Lucena City in Quezon province.

SMC has other big projects. Foremost is the New Manila International Airport in Bulacan, P740+ billion or 3/4 of a trillion, huuuuuge. The Concession Agreement was signed with government last September 18, 2019.

They are also building a new passenger terminal in Boracay airport. Plus another radical proposal -- build a bridge from Panay mainland, Malay, Aklan to Boracay island. RSA and Ferdie should be sipping something extraordinary which makes their minds think of really radical, game-changing infra projects -- using private money 100%, no cost to taxpayers.

SMC also into power generation, they are in fact the biggest genco in the country, bigger than Aboitiz, FirstGen, Ayalas, Meralgo Gen (MGen), etc. Their new projects are a new unit of Masinloc Power Plant in Zambales, Battery Energy Storage System project. 

Also in water distribution, the Bulacan Bulk Water Supply Project that supplies potable water to 12 out of 24 Bulacan municipalities.

The other day I saw this report, 

SMC investing P121.8 billion in 2 vital infrastructure projects 
Richmond Mercurio (The Philippine Star ) - August 26, 2020 - 12:00am 
https://www.philstar.com/business/2020/08/26/2037813/smc-investing-p1218-billion-2-vital-infrastructure-projects

“The two projects are the South Luzon Expressway Tollroad 5 (SLEX-TR5), a 420-kilometer project from Lucena in Quezon to Matnog in Sorsogon, and the Pasig River Expressway, a 19.40-km road project that will connect Metro Manila’s eastern and western sections.

SLEX-TR5 is a P26.38-billion investment in a build-operate-transfer scheme with a concession period of 30 years, while the Pasig River Expressway will require an investment of P95.4 billion under a 30-year BOT scheme.”

I quickly pm’d Ferdie to express my big surprise and support. SLEX to Matnog, the last town of Luzon island in the south, facing Samar-Leyte islands. Wow as in wow.

But aside from Ferdie the big mind finance guy, Ferdie is also a friend with a big heart. Last January I approached Ferdie to seek donation for our batch '80 40th anniversary, Cadiz City High School, Negros Occidental. We graduated in 1980, 500+ of us from 12 or 13 sections, I was the class Valedictorian, my classmates and batchmates looked up to me to seek some donations from my friends in Manila. Ferdie was #1 in my list and without any fanfare, quickly said Yes. Ferdie sent several dozen cases of beer in cans. Huuuuge celebration and happiness of my batchmates when the beer finally came on our HS reunion day, 2 days of fun and camaraderie. 

Thank again Ferdie, thanks SMC. Mabuhay kayo.
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See also:
UPSEAA lecture 3, Tito Ortiz, July 22, 2019 
UPSEAA lecture 4, Johanna Chua, August 4, 2019 
UPSEAA lecture 5, Iggy Sison and Del Monte pineapple farming, March 01, 2020.

BWorld 449, Energy reserves and security

 * My article in BusinessWorld, August 19, 2020.

During the media briefing by the Independent Electricity Market Operator Philippines (IEMOP) last week, Aug. 11, data on electricity supply, demand, reserves and prices for the Luzon-Visayas grids from March to early August this year were shown, covering the various  COVID-19 lockdown periods (ECQ, MECQ, GCQ).

I compared the year-on-year (yoy) data and the good news is: One, while average demand in April-June declined by -14.7% (which correlates with the -16.5% GDP in the second quarter), the decline in July was only -3.5%. Two, average prices at the Wholesale Electricity Spot Market (WESM) in April-June declined by -70.8% and continued with a July decline of -58%.

The bad news, however, is that electricity demand in July (10,135 MW) was lower than June (10,174 MW), meaning the month-on-month (mom) economic activities are still flat or negative. The -58% decline in the July price was due to increased power supply compared to both July 2019 and June 2020.

And that is why we should have an ever-rising power supply, to stabilize if not reduce electricity prices, and ensure more power stability and predictability. Not restricting or killing some power supply to promote energy cronyism.

I refer to the endless lobbying to promote the intermittent, unstable, unreliable renewables especially wind and solar. The lobbyists promote more use of batteries to solve intermittency problems — fine, but this will lead to higher prices because those huge batteries are not cheap.

A persistent narrative why countries should go for quick energy transition from fossil fuels and nuclear is the fear of “imported fuel supply insecurity” and hence, the need to rely on domestic, indigenous renewables. For the Philippines in particular, the scare mongering centers on “supply insecurity of imported coal” as we have indigenous natural gas (but this will soon be depleted).

Is imported coal supply insecure and dangerous?

If one uses emotion and climate alarmism, the answer is “yes.” But if one uses reason and hard facts, the answer is “no.”

I checked the proven reserves worldwide for coal, gas and oil, and the computed Reserves-to-Production (R/P) ratio. This ratio shows the number of years that those remaining reserves would last if yearly production were to continue flat. The proven reserves of coal is nearly three times the reserves for gas and oil, and two countries with huge coal reserves are not far from the Philippines — Indonesia and Australia (see the table).

Other major producers are: a.) Natural gas: Qatar with 12.4% share, R/P 139 years; and Turkmenistan, 9.8% share, R/P 308 years; b.) Oil: Iraq with 8.4% share, R/P 83 years; Kuwait, 5.9% share, R/P 93 years. Countries in the table with 500+ R/P ratio means they have very small production and consumption relative to their reserves.

The Philippines in 2019 has a total installed power capacity of 25.5 gigawatts (GW), of which 41% comes from coal, 17% is oil-based, 15% hydro, 13.5% natural gas, 7% geothermal, and 7% variable renewable energy (VREs, solar+wind+biomass).

But in actual electricity generation, out of 106.0 terawatt hours (TWH) in 2019, 55% came from coal, 21% from natural gas, 10% geothermal, 11% from hydro and oil-based, and only 3% from VREs (source: DoE Power Statistics 2019).

So while the pro-VREs and anti-coal lobbyists want to kill coal as soon as possible, they enjoy 24/7 electricity mainly from coal power plants because their beloved wind-solar can contribute only about 2% of total power generation.

The VREs lobby also silently promotes natural gas. They are silent about the fact that global gas reserves and security are much lower than coal reserves as shown in the table above. And while they are loud in opposing carbon emission of coal plants, they are silent about methane emission of gas plants. Both CO2 and CH4 (methane) are greenhouse gases (GHGs) but the latter has a bigger, about 28 times, potential as GHG.

California currently has continuing power instability with actual blackouts. It has the US’s biggest concentration of solar-wind farms, which explains why it has the US’ highest incidence of blackouts. In 2008-2017, California had 4,297, Texas 1,603, New York 1,528, Michigan 1,369…

The Philippines should never follow the example of California. The Philippines should have market- and customers-based power generation mix, not environmentalists- and politics-based power development.
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See also:
BWorld 446, More water and investments, less political whims, August 07, 2020 
BWorld 447, Nuclear energy and PSA death statistics, August 08, 2020 
BWorld 448, Growth, mobility and vaccines, August 15, 2020.

Energy 136, California blackouts and wind-solar

Thanks to Benny Peiser and The Global Warming Policy Forum (http://www.thegwpf.org/) for these news clips of what's happening in California energy. I repost the titles and links of 19 reports and stories below. Enjoy.
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Green Policies Won’t Keep California Truckin’
The state’s new electrification mandate for trucks will threaten working-class jobs and widen income inequality.
By Joel Kotkin   July 29, 2020 
https://www.realclearenergy.org/articles/2020/07/29/green_policies_wont_keep_california_truckin_500462.html

Even as California reduces its reliable sources of power, notably nuclear and national gas, it is mandating a statewide shift to all-electric medium- and heavy-duty trucks starting in 2024, with the goal of reaching 100 percent of all new sales, wherever feasible, by 2045. On top of other electrification mandates for light-duty cars and buildings, the new truck rule will further increase the state’s demand for electricity and raise rates, already among the nation’s highest. Since 2011, electricity prices have increased five times as fast as the national average. In 2017 alone, they increased at three times the national rate.

(1) Recall Deja Vu: CA Rolling Blackouts are Back 
It’s not easy being green
By Katy Grimes, August 15, 2020 10:06 am 
https://californiaglobe.com/section-2/recall-deja-vu-ca-rolling-blackouts-are-back/

So why are California’s utilities cutting power, and imposing rolling blackouts again?
It’s political. And it’s corrupt.
The state is awash in ultra cheap natural gas, yet in California, our corrupt government finds ways to create an energy shortage, and charge rate payers the highest rates in the country.
This is one reason California electricity costs more than twice the national median—thanks to a government-created shortage.

(2) Why California’s Climate Policies Are Causing Electricity Blackouts 
Michael Shellenberger   Aug 15, 2020,05:25pm EDT 
https://www.forbes.com/sites/michaelshellenberger/2020/08/15/why-californias-climate-policies-are-causing-electricity-black-outs/#6f18d85a1591

But the underlying reasons that California is experiencing rolling black-outs for the second time in less than a year stem from the state’s climate policies, which California policymakers have justified as necessary to prevent deaths from heatwaves….

And yesterday, California had to impose rolling blackouts because it had failed to maintain sufficient reliable power from natural gas and nuclear plants, or pay in advance for enough guaranteed electricity imports from other states.

(3) What Is The Cause Of The Recent Power Blackouts In California? 
August 16, 2020/ Francis Menton 
https://www.manhattancontrarian.com/blog/2020-8-16-h7249j4l4p0o64aod9n6qltzirnm6i

California actually has installed electricity generation capacity of almost 76 GW.  That sounds like wildly more than you would ever need.  But the problem is that of the 76 GW of capacity, some 27 GW is solar, and 6 GW is wind…

As you can see, the solar generation hit zero somewhere between 7 and 7:30 PM.  The wind generation hovered somewhere between 1 and 1.5 GW through the evening hours.  The word “useless” is hardly sufficient to describe the situation….

(4) California’s Blackout Warning 
Anti-fossil fuel mandates are leading to electricity shortages.
By The Editorial Board  Aug. 16, 2020 3:38 pm ET 
https://www.wsj.com/articles/californias-blackout-warning-11597606724

California last experienced rolling blackouts in 2001 amid energy market manipulation by speculators. This time the cause is energy market manipulation by anti-fossil fuel politicians. Democrats have mandated that renewables account for 60% of state electricity by 2030, which has forced power providers to invest in renewable energy sources now to meet the deadline. The result is something of a Rube Goldberg physics experiment.

(5) California grid operator warned of power shortages as state transitioned to clean energy
Growing shortfall as solar power goes offline in early evenings
By PAUL ROGERS | progers@bayareanewsgroup.com | Bay Area News Group
PUBLISHED: August 17, 2020 at 6:00 a.m. | UPDATED: August 17, 2020 at 5:28 p.m. 
https://www.eastbaytimes.com/2020/08/17/california-blackouts-expose-problems-in-states-transition-to-clean-energy/

People turn on air conditioning and other devices around 5 p.m. as the heat peaks and they come home from work. Electricity demand surges, just as the sun is setting and solar power is drying up.

Rothleder said that the ISO, which functions as a kind of air traffic controller for the grid, makes up for that lost solar power by importing electricity from dams and power plants in other Western states and also by relying on natural gas-fired power plants still operating in California.

(6) ‘Gaps’ In Renewable Energy Led To Blackouts For Millions Of Californians, Gov Newsom Says 
Governor Gavin Newsom Announces He Will Sign Moratorium On Executions In California
CHRIS WHITE TECH REPORTER   August 17, 2020  8:57 PM ET 
https://dailycaller.com/2020/08/17/california-blackouts-renewable-energy-california-gavin-newsom/

Newsom said Monday that the transition from fossil fuels is a “moral and ethical imperative as it relates to the kind of world we’re going to leave, the kind of state and nation we’re going to leave for our kids and grandkids.”

Sierra Club and other activists met informally with Newsom’s administration in 2019 to discuss dramatically slashing the state’s oil production, The Los Angeles Times reported in April of that year.

(7) Democrats Say California Is Model For Climate Action But Its Blackouts Say Otherwise 
Michael Shellenberger Contributor   Aug 17, 2020,01:26pm EDT 
https://www.forbes.com/sites/michaelshellenberger/2020/08/17/democrats-say-california-is-a-climate-model-but-its-blackouts-say-otherwise/#6e780b8e6fc8

The underlying reason blackouts are occurring is because California lacks reliable, in-state supply. And the reason for that is California has been closing both natural gas and nuclear power plants.

"People wonder how we made it through the heat wave of 2006,” said Berberich. “The answer is that there was a lot more generating capacity in 2006 than in 2020.... We had San Onofre [nuclear plant] of 2,200 MW, and a number of other plants, totalling thousands of MW not there today."

(8) Green California has the nation's worst power grid
by Steve Goreham  | August 18, 2020 12:00 AM 
https://www.washingtonexaminer.com/opinion/op-eds/green-california-has-the-nations-worst-power-grid?

As part of global warming efforts, officials want all citizens to switch their natural gas stoves and furnaces to electric models. More than 30 California cities have enacted bans on gas appliances, including the major cities of San Francisco and San Jose. Almost 10% of the state population now lives in an area covered by restrictions against gas appliances in new residential construction.

California also wants residents to transition from gasoline- and diesel-powered cars and trucks to plug-in electric models. So, when those blackouts occur in the future, not only will your lights and air conditioners fail, but you won’t be able to cook your food or drive your car either.

Interview at Turbo Time by Mike Potenciano and Raymond Tribdino

Last night I was one of two guests of "Turbo Time" in One News PH, Cignal TV, hosted by race car champion Mike Potenciano and Malaya IT Editor Raymond Tribdino.

The interview here,
https://www.facebook.com/OnePHonCignal/videos/2642894872615970/UzpfSTEwMDAwMDE3NzgyMDU5MDozODA2MjM4NDU5MzkyMDQ0/.

Since I was asked to discussed the PH economy and transportation lockdown, I prepared three tables as my notes which I shared with Mike before the program started.

Mike and Raymond asked me towards the end what proposal would I make to the government, my usual argument -- open up the economy. Significantly relax the lockdown. 

Thanks again for the invite, Mike.

Btway, I was invited by Mike when our common friend, banker Raoul Abreu, sent him the links to my interview by Cito Beltran late last month and Mike said he wanted to invite me. I also learned later that we have another common friend, Dr. Jed Inciong, who was my former Rotary clubmate and Ninong/Godfather to my second daughter Bien Mary. Mike and Jed were classmates in LSGH, I think also in BS Biology in UP Diliman.
------------------

See also:
Interview with ABS-CBN on huge public debt, July 25, 2020 
Agenda One News, Part 5, July 28, 2020 
Interview at BusinessWorld Live, One News, August 07, 2020 
Interview at DZBB and Agila TV, August 15, 2020.

BWorld 448, Growth, mobility and vaccines

* My column in BusinessWorld, August 13, 2020.

For countries and economies that have GDP data for second quarter (Q2) 2020 so far, the Philippines has had the deepest contraction of -16.5% in Asia. The same virus that affected all countries in the continent has produced very different results in economic performance — Why?

The answer is not the pandemic itself, but in the response and degree of restrictions and lockdowns imposed by country governments.

Google produces the “COVID-19 Community Mobility Reports.” Download the Excel, you will get big data, more than one million rows of data for many countries and states. The reports cover six areas measuring percent changes in mobility of people from the baseline day, the median value from the five‑week period Jan. 3 – Feb. 6, 2020. These areas are Retail and Recreation (R&R), Grocery and pharmacy, Parks, Transit stations (TS), Workplaces, and Residential. In the table below, I chose only two for brevity purposes: R&R which covers restaurants, malls, libraries, museums, movie theaters; and TS that covers public transportation like buses, trains and taxis.

For Q2 2020 covering the period April 1 to June 30, I chose the midpoint date of May 15 as reference in Google mobility changes. Then I added the latest data for Aug. 7, the degree of restrictions of which will be reflected in Q3 2020 GDP data a few months from now. I also added the latest data for COVID-19 deaths per million population (DPMP).

From the Google data, it seems that the Philippine government has imposed the most draconian, most dictatorial lockdown policies in the whole world, which largely explains for the steep GDP contraction. Despite our DPMP being among the lowest in the world, only 1/5 of the world average of 95 DPMP (see the table).  

Now we suffer from endless, indefinite, no timetable lockdowns and mobility restrictions, until credible and safe vaccines become available.

There are at least two important issues when it comes to COVID-19 vaccines here. One is the seemingly gung-ho preference of President Rodrigo Duterte for vaccines from China, known globally for producing risky counterfeits of successful products and brands; or a vaccine from Russia. And, two, a need for a vaccine insurance system to encourage early entry in the Philippines of COVID-19 vaccines from globally reputable, research-based biotech and pharma companies.

Unlike medicines which are given to sick people, vaccines are given to healthy people to prevent future sickness from particular diseases. Vaccines under development normally take many years to be declared safe and effective. The COVID-19 vaccines are rushed and thus, there is the potential for vaccine-related side effects or adverse events in the future.

In the Dengvaxia case, both the innovator company and the previous administration were demonized and it has become a precedent, a big lesson why other innovator companies will be hesitant if not scared to bring COVID-19 vaccines to the Philippines.

One solution is to create a COVID-19 vaccine insurance fund that will serve as an indemnity fund for people who might suffer from any adverse events in the future. The fund will not come from taxes but from a certain percentage, say 1% to 2%, of the total procurement cost of the Department of Health (DoH) from various vaccine producers and suppliers, and the DoH will hold and keep the fund. In case some people someday claim and prove that they suffered adverse reactions from a vaccine, there is already a fixed amount set aside by the DoH. The amount may or may not be enough, but the patients will get compensation. No more filing of cases in court and things will be simplified.

Market-based vaccine and health insurance, not taxes and politics-based insurance. We need more of this, especially with the ongoing PhilHealth scandals involving billions of pesos of taxpayer money.
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See also:
BWorld 445, Virtue signaling in energy, August 02, 2020 
BWorld 446, More water and investments, less political whims, August 07, 2020 
BWorld 447, Nuclear energy and PSA death statistics, August 08, 2020.

Interview at DZBB and Agila TV

These were old interviews this year, about the drug price control/dictatorship under EO 104 (Feb. 2020). At DZBB radio-TV hosted by Joel Zobel and Mr. Salvacion last June 04.

The EO 104 "papaboran nito ang ilang gamot" (it will favor other drugs/manufacturers) refers to less-prescribed, less-dispensed drugs when the more-prescribed, more-dispensed innovator drugs slapped with price control (criteria #4) are pulled out when manufacturers do not want to sell at a loss. Yes, EO 104 wants to make new favoritism and cronyism in drugs manufacturing, the less-known, less-effective, less-prescribed ones often produced by the big local pharma.

Last March, days before the M.Manila lockdown was declared and later became Luzon-wide ECQ. It was the noon time news in radio-TV of Eagle Broadcasting Corp., hosted by Party-list Cong. Angelo Palmones.

I argued similar points in the Agila TV interview.
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See also:
Interview with ABS-CBN on huge public debt, July 25, 2020 
Agenda One News, Part 5, July 28, 2020 
Interview at BusinessWorld Live, One News, August 07, 2020.

Weekend Fun 73, Russia vaccine, ECQ

Hello!!! I got a Russian vaccine for COVID and for those of you scared that it wasn't tested, I tried it and am happy to report that there is not any efectoski secundarioski и меня зовут Лопес Обрадор, и я коррумпирован и лжец и почему я даю чистые прямые награды. DAH!!!

Four types of INTELLIGENCE:

1. Intelligence Quotient (IQ)
2. Emotional Quotient (EQ)
3. Social Quotient (SQ)
4. Adversity Quotient (AQ).

IQ - measures comprehension, ability to solve math problems, retain information, recall subject matters.

EQ - measures ability to maintain or be at peace with others; be responsible, honest, humble, genuine, and considerate.

SQ - measures ability to build a network of friends and maintain it over a long period of time.

AQ - measures ability to go through a rough patch in life and come out without losing your mind.

Now there's a 5th - CQ or Colonel Quarantine. CQ have varieties like GCQ or General Colonel Quarantine, MECQ or Major Enlisted Colonel Quarantine,... Hehehe
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See also: 
Weekend Fun 70, Virus and alcohol, May 03, 2020 
Weekend Fun 71, Father's day, Husband's day, June 21, 2020 
Weekend Fun 72, Airline mergers, July 04, 2020.

Covid 18, Lockdowns don't work, articles from scientists and medical professionals

A friend, Atty Jemy Gatdula, posted a good list of materials in his fb wall. I checked the links he gave, then I added some materials I recently encountered. Photo of a Covid from WUWT.

A) On why lockdowns don’t work

Q&A: Nobel laureate says COVID-19 curve could be naturally self-flattening 
Chemistry Nobel Laureate Michael Levitt has turned his research attentions to studying COVID-19 outbreaks.
By Kate Selig on May 4, 2020 
https://www.stanforddaily.com/2020/05/04/qa-nobel-laureate-says-covid-19-curve-could-be-naturally-self-flattening/

Letter to the Editor: Why Increasing Number of Cases of COVID-19 is NOT Bad News
JUN 27, 2020 AT 11:22 AM BY PJ
By JOHN T. LITTELL, MD 
https://www.orlandomedicalnews.com/article/3545/letter-to-the-editor-why-increasing-number-of-cases-of-covid-19-is-not-bad-news?

Who Believes the Lockdowns Were About Science? 
Genuine epidemiologists questioned the economic interruptions from the beginning.
by DAVID CATRON
May 22, 2020, 12:18 AM 
"John P. A. Ioannidis of Stanford University, Michael T. Osterholm of the University of Minnesota, and Knut M. Wittkowski, formerly of Rockefeller University. All three pointed out flaws in the assumptions upon which officials based their lockdown orders."
https://spectator.org/were-lockdowns-about-science-covid-19-experts-models/

The data is in — stop the panic and end the total isolation 
BY DR. SCOTT W. ATLAS, OPINION CONTRIBUTOR — 04/22/20 12:30 PM EDT 
https://thehill.com/opinion/healthcare/494034-the-data-are-in-stop-the-panic-and-end-the-total-isolation

A letter signed by hundreds of doctors warning of adverse health consequences stemming from the coronavirus shutdowns. (10 pages)
https://www.scribd.com/document/462319362/A-Doctor-a-Day-Letter-Signed

Exposure to common cold coronaviruses can teach the immune system to recognize SARS-CoV-2 
Researchers caution: It is too soon to say whether pre-existing immune cell memory affects COVID-19 clinical outcomes
LA JOLLA INSTITUTE FOR IMMUNOLOGY
NEWS RELEASE 4-AUG-2020 
https://www.eurekalert.org/pub_releases/2020-08/ljif-etc080320.php

B) On why masks don't work

Masks Don’t Work: A Review of Science Relevant to COVID-19 Social Policy 
By Denis G. Rancourt, PhD
11 Jun 2020 
https://www.rcreader.com/commentary/masks-dont-work-covid-a-review-of-science-relevant-to-covide-19-social-policy

Censored: A Review Of Science Relevant To COVID-19 Social Policy And Why Face Masks Don’t Work 
POSTED BY: DENIS G. RANCOURT, PHD JUNE 30, 2020 
https://www.technocracy.news/censored-a-review-of-science-relevant-to-covid-19-social-policy-and-why-face-masks-dont-work/

Universal Masking in Hospitals in the Covid-19 Era 
List of authors.
Michael Klompas, M.D., M.P.H., Charles A. Morris, M.D., M.P.H., Julia Sinclair, M.B.A., Madelyn Pearson, D.N.P., R.N., and Erica S. Shenoy, M.D., Ph.D. 
https://www.nejm.org/doi/full/10.1056/NEJMp2006372

Conclusion Regarding Masks: They Do Not Work (8 pages)
By Dr. Sherri Tenpenny, DO, AOBNMM, ABIHM 
https://vaxxter.com/wp-content/uploads/2020/07/Masks-Final.pdf

Face masks not needed in private life 
National Institute for Public Health and the Environment
Ministry of Health, Welfare and Sport
Modification date 06/09/2020 - 15:50 
https://www.rivm.nl/en/novel-coronavirus-covid-19/face-masks-and-gloves

Europe's Top Health Officials Say Masks Aren't Helpful in Beating COVID-19 
The top medical experts in the world can’t decide if masks are helpful in reducing the spread of COVID-19 or just make things worse… Professor Henning Bundgaard, Tamara van Ark, Anders Tegnell
Thursday, August 6, 2020
Jon Miltimore 
https://fee.org/articles/europes-top-health-officials-say-masks-arent-helpful-in-beating-covid-19/ 

Meanwhile, lots of good materials here, https://lockdownsceptics.org/contents/.
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See also:
Covid 15, False positives and Sweden success in "flattening the curve", July 18, 2020 
Covid 16, Philippines having the strictest lockdown policies in the world, July 28, 2020 
Covid 17, Hard lockdown Europe vs no lockdown Sweden, any difference in death trend? August 04, 2020.