Will Pandemic Declaration Lead to Financial Defaults?
Earlier this week, the World Health Organization declared the spread of the H1N1 flu virus, the causative agent of the so-called "Swine Flu" to be a "flu pandemic."
This is the first time in more than 40 years that the WHO has made such a declaration. And it seems rather odd that it would do, given that this "pandemic" has had such minimal impact. The last time that the WHO declared a flu pandemic was in 1968, when the Hong Kong flu strain killed more than a million people.
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