H1N1 Might Trigger Global Stock Markets Correction...
25 Oct 2009 - Stock markets do not go up in a straight line, as time passes by and as the markets stay up longer, the chance of a correction is increasing day by day....just my personal opinion. What might "trigger" Global Stock Markets' Correction? The Spread of H1N1.....U.S. President Obama has just declared a national emergency against H1N1.
October 25, 2009 -- Updated 1400 GMT (2200 HKT)
Washington (CNN) -- President Obama has declared a national emergency to deal with the "rapid increase in illness" from the H1N1 influenza virus.
"The 2009 H1N1 pandemic continues to evolve. The rates of illness continue to rise rapidly within many communities across the nation, and the potential exists for the pandemic to overburden health care resources in some localities," Obama said in a statement.
"Thus, in recognition of the continuing progression of the pandemic, and in further preparation as a nation, we are taking additional steps to facilitate our response."
The president signed the declaration late Friday and announced it Saturday.
Another administration official said the move is "not tied to the current case count" and "gives the federal government more power to help states" by lifting bureaucratic requirements -- both in treating patients and moving equipment to where it's most needed.
The officials didn't want their names used because they were not authorized to speak on the record.
Those requirements are contained in Medicare, Medicaid and state Children's Health Insurance programs, and the Health Insurance Portability and Accountability Act privacy rule.
Since the H1N1 flu pandemic began in April, millions of people in the United States have been infected, at least 20,000 have been hospitalized and more than 1,000 have died, said Dr. Thomas Frieden, director of the Centers for Disease Control and Prevention.
Frieden said that having 46 states reporting widespread flu transmission is traditionally the hallmark of the peak of flu season. To have the flu season peak at this time of the year is "extremely unusual."
The CDC said 16.1 million doses of H1N1, or swine flu, vaccine had been made by Friday -- 2 million more than two days earlier. About 11.3 million of those had been distributed throughout the United States, Frieden said.
