Suzanne Brennan Firstenberg's 'In America: Remember', a memorial for Americans killed by Covid-19, stands on the National Mall in Washington. Reuters
Suzanne Brennan Firstenberg's 'In America: Remember', a memorial for Americans killed by Covid-19, stands on the National Mall in Washington. Reuters
Suzanne Brennan Firstenberg's 'In America: Remember', a memorial for Americans killed by Covid-19, stands on the National Mall in Washington. Reuters
Suzanne Brennan Firstenberg's 'In America: Remember', a memorial for Americans killed by Covid-19, stands on the National Mall in Washington. Reuters

Covid-19 has killed more people in the US than HIV/Aids did in 40 years


Patrick deHahn
  • English
  • Arabic

Covid-19 has now killed about 730,000 people in the US, making it the deadliest pandemic in the nation's history, with more lives claimed than by HIV/Aids.

The tally comes as the US marks four decades since HIV — the virus that can cause Aids — was first detected in the country, and some are now looking at the two vastly different diseases and seeing parallels.

The US government's initial approach to both HIV/Aids and Covid was denial and indifference.

As Aids rampaged through communities in New York, San Francisco and elsewhere in the early 1980s, the administration of former president Ronald Reagan looked the other way.

Even as the disease claimed tens of thousands of American lives, Reagan slashed spending on public health agencies, and it wasn't until 1987 that he recognised the pandemic.

“I wish in the HIV response, they tried to bring all Americans along, and it wasn't just a problem that was in certain communities,” Kevin Fisher, director of policy, data and analysis for the Aids Vaccine Advocacy Coalition, told The National.

“If they brought everybody along and said this is something that we all need to figure out, then it would have been better.”

When Covid-19 first arrived in the US, then-president Donald Trump repeatedly played down its dangers, dismissing it as akin to “a regular flu” — even after he knew it was far deadlier.

They're both diseases that kind of prey on human intimacy
Kevin Fisher,
Aids Vaccine Advocacy Coalition

Both crises have disproportionately affected minority groups and poorer communities. For Covid, people of colour have often had to keep working in front-line jobs while white and wealthier people stayed home.

For HIV/Aids, homosexuals and drug-using populations were hit hardest by the disease in the early days as it was transmitted primarily through unprotected sex and intravenous drug use.

“They're both diseases that kind of prey on human intimacy”, despite differences in how they're spread, Mr Fisher said.

More than 34,000 HIV infections were registered in the US in 2019, Kaiser Family Foundation data show.

HIV-related illness ranked tenth in leading causes of deaths for people between the ages of 25 and 34, and killed a total of 486 people in this age group in 2019, the US Centres for Disease Control and Prevention said.

Exact numbers are unknown, but it is believed that at least 700,000 people in the US have died as a result of HIV/Aids.

Covid cases are dropping nationwide but the US continues to report an average of 75,000 infections and 1,250 deaths daily, the CDC said.

The US leads the world in deaths from Covid.

“That's just heartbreaking that in a year and a half of this pandemic, we've seen so many, so many lives lost and especially since having the vaccine available,” Stephen Lee, executive director of the National Alliance of State & Territorial Aids Directors, told The National.

At the same time, Mr Lee said the US government has learnt some important lessons from HIV/Aids.

In 40 years of fighting the virus, health programmes and healthcare infrastructure have expanded, helping the US better address the current pandemic.

Despite his Covid denial, Mr Trump was quick to emphasise the need for a vaccine under the Operation Warp Speed public-private partnership that has helped create and roll out several Covid vaccines and treatments on an accelerated time frame.

“Some of the rapidity of which we see and saw the development of vaccine and treatment and prevention aspects around Covid was built on some of the experience we had with HIV,” Mr Lee said.

Mr Fisher noted how the early official response to HIV/Aids stigmatised sufferers.

With Covid, anti-Asian hate crimes spiked as Mr Trump and others blamed China for the virus.

While there is currently no cure for HIV or Aids, two people have been functionally “cured”: the PrEP pill significantly lowers the risk of HIV infection for at-risk communities and several antiretroviral pills treat HIV, making it a chronic, manageable condition.

Mr Lee and Mr Fisher said another lesson learnt from HIV/Aids was prioritising community engagement.

For instance, volunteer mutual-aid groups were created in local neighbourhoods and the administration of President Joe Biden formed a White House Covid-19 Equity Task Force as part of its national pandemic response.

Many US health leaders, including Mr Biden's top medical adviser, Dr Anthony Fauci, and CDC chief Dr Rochelle Walensky, started their careers in HIV prevention and are now leading the US fight against Covid.

Mr Fisher and Mr Lee believe increased investment in public health infrastructure and future pandemic preparedness will help the world address both HIV and Covid.

“There are benefits that we can mine from the Covid response so far,” Mr Lee said.

“All the money and resources that are going into improving our public health infrastructure will have spillover effects and other aspects of communicable diseases like HIV.”

Much work remains to be done, however, including funding US plans to end the HIV/Aids health crisis by 2030, which Mr Biden said he supports.

“Remember that HIV is still there, it's still a major epidemic that we haven't got under control, and we need global commitment to try and finish the work on that,” Mr Fisher said.

A nasal swab for a Covid-19 test is administered at a mobile testing site in Times Square in New York City. Reuters
A nasal swab for a Covid-19 test is administered at a mobile testing site in Times Square in New York City. Reuters

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

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Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

 

Group B

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Updated: April 27, 2022, 11:51 AM