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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Health

New Zealand admits it can no longer keep COVID out of its borders

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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October 4, 2021, 12:58 PM ET
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For most of the pandemic, New Zealand has been an area of safety, completely eliminating the virus from its borders. On Monday, though, the government conceded that it can no longer do that.

The Delta variant of the virus has managed to spread, despite strict lockdown policies and some of the most aggressive contact tracing in the world. Delta hit New Zealand in August, and Prime Minister Jacinda Ardern quickly ordered a nationwide lockdown.

That lockdown is ongoing, but there are still new cases every day. And that one case in August has grown to more than 1,300 cases today.

It’s a small number compared to the rest of the world. But health officials say that New Zealand, after being largely virus free for the past year, is likely to have COVID be a permanent part of the landscape.

Ardern is tempering that news, though, saying the presence of vaccines in the country could make that less worrisome than it might seem.

“Elimination was important because we didn’t have vaccines; now we do,” she told New Zealand Radio. “This is a change in approach we were always going to make over time, but the Delta outbreak has accelerated that transition. Vaccines will support it.”

Roughly 65% of New Zealanders have had at least one dose of the COVID vaccine. Some 40% are fully vaccinated. Among people age 12 and older, about 79% have had at least a single shot.

Alongside the announcement, Ardern eased some lockdown restrictions, saying Aucklanders could meet outdoors with friends from one other household and early-childhood centers will reopen. People will also be able to go to the beach. The timing of reopening for stores, bars, and restaurants has not yet been decided.

More health care and Big Pharma coverage from Fortune:

  • Five biggest myths about the COVID-19 vaccines, debunked
  • CVS Health is about to turn hundreds of its drugstores into health care super-clinics
  • Why Instacart’s new CEO is also launching a women’s health startup
  • China, one of the world’s few “COVID-zero” holdouts, sets a loose timeline for easing virus measures
  • New Zealand admits it can no longer keep COVID out of its borders

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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