Key background: Chinese officials have locked down cities and public transit in China’s Hubei province, international airlines have suspended flights, multinational businesses are adjusting their supply chains and countries have instituted travel bans to and from China as the coronavirus continues to spread.
News peg: On Sunday, the death toll from the virus surpassed that of the SARS epidemic, which devastated China in 2002-3. There have been 812 deaths and 37,251 confirmed cases of the virus so far, according to the World Health Organization. All but two of the deaths—one in the Philippines and the other in Hong Kong—were in mainland China.
A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you.