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    What’s behind the congestion at U.S. ports

    The Port of Los Angeles, the busiest port in North America, saw record volume in 2021.
    Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs in 2021, almost 16% higher than the previous year.

    A TEU, or twenty-foot equivalent unit, is the industry standard to measure cargo capacity for ships and terminals. One 20 foot container can hold about 400 flat-screen TVs.
    But along with that volume came an array of headwinds impacting everyone from retail stores and large manufacturers to port-side communities. 
    As of February 16 there was a backlog of more than 70 container ships drifting, slow steaming or waiting outside the Port of Los Angeles. At the same time there were almost 62,000 empty containers at the port’s terminal and off-dock depots.
    “Throughout the last two years, you’ve had economies opening and closing and ports doing the same, and factories and all the rest, workers getting sick, truckers being out of work and all of those little mismatches, along with some kind of fundamental ones, between different countries have thrown our supply chains out of balance,” said Scott Lincicome, a senior fellow at the Cato Institute.
    Port congestion also has health implications for the surrounding community.

    With the logjam of ships idling near the San Pedro Bay ports in October, pollution increased to roughly the equivalent of the emissions from 5.8 million passenger cars.
    Trucks, trains and terminal equipment are another source of pollution. Freight transportation is linked to higher rates of asthma, cancer and other illnesses, according to the Clean Air Coaltion.
    “The ports are a massive economic hub, there’s no denying it, there’s no denying their global importance, but the impact on people’s health, the impact on people’s quality of life, and the impact on how long they live can also not be denied,” said Chris Chavez, Deputy Policy Director, Coalition for Clean Air.
    And it has had worldwide implications, too. In November, 11.5% of global vessel capacity was, in effect, offline as ships waited in queues, according to Sea-Intelligence, a Copenhagen-based maritime data firm. 
    So, what is causing the bottlenecks at West Coast ports and what steps are being taken to ease the congestion? Watch the video to learn more.
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    This HR manager took 3 months off with pay to hike in Europe. Here’s why her tech company let her do it

    Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible hours, four-day workweeks, compensation and more. This story is part of a series looking at the “Great Reshuffle” and the shift in workplace culture that is taking place right now.
    Imagine collecting your full paycheck while taking three months off from work to do whatever you please.

    That may be an unattainable dream for most, but for employees at tech company Automattic, it’s a reality. For every five years worked, employees get a paid three-month sabbatical.
    For Lori McLeese, it was the perfect cure for her burnout back in 2016.
    “We were stretched super-thin,” said McLeese, global head of human resources at Automattic, the online publishing and commerce company behind WordPress.com, Tumblr and others.
    “I was starting to wonder if I still enjoyed doing this type of work.”

    Lori McLeese, global head of human resources for Automattic, hiked the Camino de Santiago during her sabbatical in 2016.
    Source: Lori McLeese

    She loves the outdoors, so she decided to hike the Camino de Santiago, a network of pilgrim routes across Europe. She walked over 600 miles in three months. In addition to tackling the Camino de Santiago, she visited towns in France and walked through the tulips in the Netherlands.

    “It was the best thing I could have ever done,” recalled McLeese, who lived in San Francisco at the time.
    For one, she realized she wasn’t a city girl and decided to relocate to Asheville, North Carolina. She also found a renewed sense of purpose at work.
    “It helped reset my brain,” McLeese said. “I stepped away completely disconnected, came back, was rejuvenated, was excited about my work again.”
    More from Invest in You:This company found a cure for employee burnout: a four-day workweekCompanies are reinventing rules as workers seek flexibilityWant a four-day-workweek job? Here’s how to land one
    That is one of the goals of Automattic’s policy — to allow workers to recharge. It also gives them time to think about what they want to do.
    “It provides a really nice sort of reset point for people to reevaluate their role or their careers or what they want to come back doing,” said Automattic CEO Matt Mullenweg.
    It can also benefit those left behind, since people take on new responsibilities to cover for the worker on sabbatical.
    “This is an amazing opportunity for others on the team to step up in leadership positions, and to get to work on projects that they’re really excited about,” McLeese said.

    Lori McLeese, global head of human resources for Automattic, hiked the Camino de Santiago during her sabbatical in 2016.
    Source: Lori McLeese

    Since the program’s inception in 2015, 366 employees have taken 375 sabbaticals (Nine have taken two). In addition, there are 80 sabbaticals planned for 2022 and early 2023.
    To be sure, Automattic is an outlier. Prior to the pandemic, only 5% of organizations offered a paid sabbatical program, while 11% offered it unpaid, according to the Society for Human Resource Management’s 2019 benefits report.
    Yet it has become clear that health and work life are interconnected, said DJ DiDonna, who studies sabbaticals and is the founder of research and advocacy nonprofit The Sabbatical Project.
    “There’s something different that’s going on between a two-week or one-week stretch and multiple months,” he said.

    The past two years have just been so hard on everyone, and the luxury of being able to have three months and just care for yourself, it’s just an invaluable experience.

    Lori McLeese
    Global head of HR for Automattic

    He has interviewed hundreds of people about their sabbaticals and found that the time off gives people ample space to do identity work.
    “Very rarely do you get a chance to step back and say, ‘What am I doing? How am I approaching life? What do I want my life to be like? Have I gotten off path?'”
    In the era of the so-called Great Resignation, also known as the “Great Reshuffle,” the sabbatical can also be a tool to attract and retain employees.
    It has certainly helped Automattic, according to Mullenweg and McLeese. After all, if someone is close to reaching five years and becoming eligible for the sabbatical, why not hang around?
    The benefit can also be borne out in the numbers. The company’s voluntary turnover rate is about 7.5%, McLeese noted. In comparison, companies lose 12% of their workforce to voluntary turnover each year, on average, according to career resource site Zippia.

    Additionally, when many companies were having trouble hiring last year, Automattic onboarded 700 people.
    Any cost associated with giving employees three months off is negligible, Mullenweg said.
    “One of the biggest costs … to companies right now is churn,” Mullenweg noted. “It’s good people leaving, their knowledge going out the door.
    “You have to pay to hire new people, and to train them up.”
    It costs employers the equivalent of six to nine months of an employee’s salary to find and train their replacement, according to the Society for Human Resource Management.
    Yet Mullenweg is quick to point out that the sabbatical is part of a suite of benefits at Automattic geared towards employee well-being, which helps in talent acquisition and worker retention. For instance, there is no main office. Instead, employees of the company, which is valued at $7.5 billion, can work from anywhere. There are currently 1,912 employees scattered across 96 countries.

    Lori McLeese, pictured with her mother on the Blue Ridge Parkway in Virginia, is about to take a second sabbatical. This time, she’ll spend time at home with her mom and enjoy the outdoors.
    Lori McLeese

    For McLeese, the sabbatical is an opportunity worth sticking around for. She’s about to start her second one in March. This time, she’ll stay home, recovering from the pandemic and spending time with her mother, who has Alzheimer’s and now lives with her.
    “Taking care of her and navigating just her care, and her decline, has not always left time for me to prioritize my own health,” McLeese said.
    Her time off will include gardening, hiking, swimming and other things that bring her joy.
    “The past two years have just been so hard on everyone, and the luxury of being able to have three months and just care for yourself, it’s just an invaluable experience,” she said.
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    Museums are in a race to save America's treasures from climate change

    Worse than rising water is now heavier rainfall, which seeped into Smithsonian spaces after a major storm in 2006 and again last spring.
    “We’re always sort of pre-planning and sort of staging different emergency responses just to be prepared so that our staff is prepared and that we have the planning in place,” said Nancy Bechtol, director of Smithsonian facilities.

    The nation’s museums are facing increased flooding and more frequent wildfires, and all that history inside is at risk. The value at stake is incalculable. Now the rush is on to make the structures more resilient, but funding that will be a feat.
    The problem is particularly acute at the nation’s Smithsonian museums. At the museum of American History, on the National Mall in Washington, D.C., water is already rising. On a dry day, in the midst of two dry weeks, there was water down in the bowels of the building.

    As Nancy Bechtol, director of all Smithsonian facilities, explained, “It’s just groundwater.”
    Bechtol is responsible for 13 million square feet of museum space, most on the Mall, which is below sea level, as well as two museums in New York City and one in Virginia. 
    “We’re always sort of pre-planning and sort of staging different emergency responses just to be prepared so that our staff is prepared and that we have the planning in place,” she said. 
    Heavier rainfall is another pressing problem. Water from rain seeped into Smithsonian spaces after a major storm in 2006 and again last spring, when the American History Museum’s cafeteria flooded with over a foot of water. None of the collection was damaged, but the Museum’s director, Anthea Hartig, saw the writing on the hallowed walls.

    Rising water is already seeping into the Smithsonian Museum of American History.
    Diana Olick | CNBC

    “We have collected almost 2 million objects. We have three linear miles of archival material that tell an unparalleled material story of our nation’s remarkable past, so we’re deeply committed to understanding how to retrofit the building, take care of the collections,” said Hartig.
    In fiscal 2021, the Smithsonian had a $214 million budget, and Bechtol said she is using as much as she can for protection such as putting up flood walls around buildings, building rain gardens, buying sandbags, elevating backup generators, and constructing a whole new storage facility on higher ground in Suitland, Maryland, expected to break ground this year. Artifacts that are most at risk in museum basements on the Mall will be moved there.
    “Even if I have to protect with plastic, I will protect with plastic,” said Bechtol.
    She’s not alone in the fight. New waterside museums in Miami and St. Petersburg, Florida, were built with special flood protections, and private funding is slowly starting to step up to protect older structures. 
    The Helen Frankenthaler Foundation, devoted to supporting the legacy of the famed abstract painter, had committed $5 million over the next two to three years to invest in clean energy, energy efficiency, and climate resilience.
    “We got 110 applications. That was with just six weeks of notice. Those 110 applications came in with people knowing exactly what to do and how they wanted to approach it,” said Sarah Sutton, grant manager for the foundation’s climate initiative.   
    So the foundation recently doubled the commitment to $10 million — now the largest private investment in climate resilience for museums, and twice the funding of the National Endowment for the Arts.
    “No, it’s not enough,” said Sutton. “This incredible commitment is only a drop in the bucket, but it’s a demonstration that the museum sector is ready to deal with this problem.”
    That money helped the California Indian Museum and Cultural Center implement wildfire protections for its structure, energy systems and air filtration, after after the J Paul Getty Museum came dangerously close to destruction in the 2019 fires around Los Angeles and Malibu. 
     “These collections do not depreciate over time. They increase in value, whether it’s intellectual value or financial value. Guarding and protecting them for a long horizon into the future adds to their value to us, to the museum, and to the investors,” said Sutton.

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    Stocks making the biggest moves premarket: DraftKings, Roku, Deere and others

    Check out the companies making headlines before the bell:
    DraftKings (DKNG) – The sports betting company’s stock tumbled 13.2% in the premarket, despite a narrower-than-expected quarterly loss and revenue that beat estimates. DraftKings projects a wider-than-expected adjusted loss for the full year as costs continue to rise.

    Roku (ROKU) – Roku shares were down 26% in the premarket, despite better-than-expected earnings for its latest quarter. The maker of video streaming devices’ revenue fell short of analyst forecasts, and it issued a weaker-than-expected outlook due to higher component prices and supply chain disruptions.
    Bloomin’ Brands (BLMN) – The restaurant operator beat estimates by 8 cents with an adjusted quarterly profit of 60 cents per share, with revenue slightly above consensus. The parent of Outback Steakhouse and other chains also reinstated its quarterly dividend and announced a new $125 million share buyback program. The stock surged 6.6% in premarket action.
    Deere (DE) – The heavy equipment maker reported quarterly earnings of $2.92 per share, well above the $2.26 consensus estimate, with revenue also topping analyst forecasts. The company also raised its annual profit forecast amid solid demand and higher prices.
    Shake Shack (SHAK) – Shake Shack reported an adjusted quarterly loss of 11 cents per share, narrower than the 11-cent loss analysts were anticipating, while the restaurant chain’s revenue matched Wall Street forecasts. Shake Shack said the omicron variant kept customers away and led to some temporary restaurant closures. It also issued a downbeat current-quarter forecast amid increasing costs. Shake Shack plunged 15.5% in premarket trading.
    Dropbox (DBX) – Dropbox beat estimates by 4 cents with adjusted quarterly earnings of 41 cents per share, and the software company’s revenue also topped Street projections. Paid user numbers and average revenue per user also came in above consensus, but the stock slid 6.3% in premarket action as its guidance for current-quarter profit margin was slightly lower than expected.

    DuPont (DD) – DuPont finalized a deal to sell the majority of its materials unit to specialty materials maker Celanese (CE) in an $11 billion deal. DuPont jumped 4.1% in the premarket while Celanese gained 3.8%.
    Pilgrim’s Pride (PPC) – Pilgrim’s Pride slumped 14.8% in premarket trading after Brazilian meatpacker JBS dropped plans to buy the portion of the poultry producer that it doesn’t already own. JBS holds an 80% stake in Pilgrim’s Pride, but the two sides could not agree on terms of a deal for the remaining 20%.
    Intel (INTC) – Intel Chief Executive Officer Pat Gelsinger told an investor gathering that the chipmaker is aiming to achieve double-digit annual revenue growth in three to four years. Gelsinger also said Intel may be interested in participating in a potential consortium if one is formed to buy British semiconductor company Arm Ltd. Intel fell 1% in premarket trading.
    NortonLifeLock (NLOK) – NortonLifeLock pushed back the expected completion date of its deal to buy rival cybersecurity company Avast to April 4 from Feb. 24, saying it was still waiting for regulatory approvals in the U.K. and Spain. NortonLifeLock fell 1% in the premarket.

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    Renault expects to make 300,000 fewer cars in 2022 as global chip shortage rumbles on

    Renault made 500,000 fewer cars last year as a result of the chip shortage.
    “The situation right now is still pretty complicated,” de Meo told CNBC’s Street Signs Europe Friday.
    De Meo said that Renault expects the chip crunch to become less severe this year, adding that a “normal situation” should resume in the second half of 2022.

    Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage.
    Renault made 500,000 fewer cars last year as a result of the chip shortage. In September, consulting firm AlixPartners predicted the chip shortage would cost the auto industry $210 billion in revenue.

    “The situation right now is still pretty complicated,” de Meo told CNBC’s Street Signs Europe Friday.
    De Meo said that Renault expects the chip crunch to become less severe this year, adding that a “normal situation” should resume in the second half of 2022.
    His comments came as Renault reported an 888 million euro ($1 billion) net profit for 2021 on Friday, beating estimates. The carmaker claims its operating margin of 3.6% puts it two years ahead of its own “revolution revitalization” plan. “Renault is back on track,” de Meo said.

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    No reversal on China's tech crackdown in sight as Xi calls for more work on laws

    Chinese President Xi Jinping told top leaders in early December to speed up work on new laws for the tech sector, according to a speech published Wednesday by the Chinese Communist Party’s bimonthly journal.
    It’s a sign that regulation is not going away, even as the speech covers little new ground and economists expect the worst of Beijing’s crackdown is over.
    Chen Long, partner at Beijing-based consulting firm Plenum, emphasized it’s important not to read too much into Xi’s speech. “This speech is not something new but a summary of what they have done,” he said.

    The Great Hall of the People is seen after the closing meeting of the fourth session of the 13th National People’s Congress (NPC) on March 11, 2021 in Beijing, China.
    VCG | Visual China Group | Getty Images

    BEIJING — Chinese President Xi Jinping told top leaders to speed up work on new laws for the technology sector during a speech in early December, according to the Chinese Communist Party’s bimonthly journal published Wednesday.
    It’s a sign that regulation is not going away yet, even though the speech covers little new ground and economists expect the worst of Beijing’s crackdown is over.

    China must “accelerate the pace of legislation in the fields of digital economy, internet finance, artificial intelligence, big data, cloud computing, etc.,” Xi said, according to a CNBC translation of the Chinese text.
    He also called for more laws to ensure national security, and urged increased use of law for “international struggles” — including countering foreign sanctions.
    But most of Xi’s speech, delivered on Dec. 6 to China’s Central Politburo of top leaders, focused on broad theoretical points such as not blindly following Western systems.

    I do think the use of regulation as a tool to shape the economy and society that China wants is not over.

    Mattie Bekink
    China director, Economist Corporate Network

    In the last year, a succession of new rules aimed at tackling alleged monopolistic practices by tech companies, data security and other issues have shocked global investors. The regulations address long-standing problems, but their abruptness has disrupted businesses and prompted mass layoffs.
    “We anticipate there will be continuing developments in regulations particularly as related to tech,” said Mattie Bekink, China director at the Economist Corporate Network. She pointed out that Beijing has released plans for building a “Chinese socialist rule of law” by 2035.

    “I do think the use of regulation as a tool to shape the economy and society that China wants is not over,” Bekink said.
    She noted how law in the West tends to focus on the relationship between individuals and the state, while in China, the focus has been on commercial law — relationships between private sectors and the state.

    A public summary of what’s been done

    Xi’s speech — given over two months ago but released publicly this week — is just one of the many official statements offered to the public in a country where information is tightly controlled.
    Reading between the lines of similar official commentary, economists concluded last week that the worst of China’s regulatory crackdown is over as Beijing focuses more on growth. But they said that doesn’t mean a reversal or an end to new rules.
    “Xi puts a lot of emphasis on the use of law,” said Chen Long, partner at Beijing-based consulting firm Plenum. “The Chinese government uses a lot of regulations to govern. It’s been his idea since 10 years ago that he wants to make a lot of regulations into law, so you have a legal basis for these policies.”

    Read more about China from CNBC Pro

    Chen expects fewer surprises on tech regulation this year compared to last year.
    But he emphasized it’s important not to read too much into Xi’s speech. “This speech is not something new,” he said, “but a summary of what they have done.”
    Even on the point of China’s use of law to counter foreign sanctions, Beijing had passed such legislation in June. If the Chinese government deems individuals or entities as involved in taking discriminatory action against Chinese citizens or entities, the law allows Beijing to freeze assets or deny entry, among other measures.

    “China wants to use law to protect its interests in relation to other nations, including both adding domestic authority and having a voice in shaping international law norms to better serve its interests — which I don’t think is unusual for a nation to do,” said Jeremy Daum, senior fellow at Yale Law School’s Paul Tsai China Center.

    Tech regulation has global implications

    China’s crackdown on tech comes as the industry has grown rapidly beyond the scope of existing regulations. It’s a balance governments worldwide are trying to strike as they consider how to regulate cryptocurrencies, data and other new technologies.
    In some areas such as algorithms, Beijing is acting more quickly than other governments and could even set a global precedent, analysts have said.

    Meanwhile on the political front, Chinese authorities have promoted their efforts to eliminate poverty and grow the middle class — a move away from prioritizing economic growth at all costs.
    Much of the shift came just after the ruling Chinese Communist Party celebrated its 100th anniversary on July 1. This coming fall, the party is expected to give Xi an unprecedented third term as president.

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    Is it safe to travel if you’re vaccinated, boosted and recovered? Medical experts are divided

    CNBC Travel

    Millions of people are now vaccinated, boosted and newly recovered from Covid-19 infections caused by the omicron variant.
    They have what some outside the medical community have labeled “super immunity.” And many are ready to see the world again.

    Though the term carries an air of invincibility, medical experts disagree about the level and length of protection it confers.
    CNBC Travel asked four leading medical authorities to weigh in.

    ‘You’re very well protected’

    Risks of severe illness for vaccinated and recovered people are “low and … unlikely to get lower,” said Dale Fisher, group chief of medicine at Singapore’s National University Health System.
    For these people, travel risks are now more about inconvenience than health, he said. Immunized travelers can still get sick during their trips, he said, or have their trips canceled upon testing positive for a pre-flight test.

    For the vast majority of people, it’ll just be a very minor illness, if it’s symptomatic at all.

    Prof. Dale Fisher
    Professor/Senior Consultant, Infectious Disease, National University Hospital

    Fisher said traveling isn’t the Covid risk that it once was, because of how prevalent the omicron variant is today, he said.

    “There’s nothing magical about travel; you’re not more likely to get [Covid] because you travel unless you’re going from a very low endemic area to a very high endemic area,” he said. But “there’s not many low endemic areas left in the world.”
    Some argue that vaccinations plus recovery provide more protection, Fisher said. However, he added, “you’re very well protected after two doses” of a vaccine, too.
    “You’re at risk of getting Covid, wherever you go, for the rest of your life,” he said. “But really, for the vast majority of people, it’ll just be a very minor illness, if it’s symptomatic at all.”

    ‘This virus is very wily’

    People shouldn’t let their guards down just yet, said Dr. Patrice Harris, former president of the American Medical Association and CEO of the at-home medical testing company eMed.
    “We are seeing hospitalizations reduced, but listen, we are still seeing 2,400 deaths per day in this country,” she said during an interview with CNBC Travel last week. “We are not at the end of this pandemic yet.”
    That doesn’t mean she discourages travel — Harris said she’s planning two trips to Europe this year. But she does recommend that people rely on “tried-and-true evidence-based practices,” such as vaccines, testing, masks, ventilation and social distancing.

    Dr. Patrice Harris was the president of the American Medical Association from 2020 to 2021.
    Source: eMed

    Harris said people who are immunocompromised, or around others who are, should exercise more caution. Even though she’s vaccinated and boosted, she’s still careful for the sake of her 87-year-old father, she said.
    “This virus is very wily, and at every turn of it has fooled us,” she said.
    There is always the threat of another variant emerging, plus the risk of developing so-called “long Covid,” even after mild infections, she said.
    “We sometimes think: ‘Oh, I’ll get Covid, I’m young, I’m healthy, I’m boosted, so I’ll get over it quickly,'” she said. “But … not everyone will.”  

    ‘You should travel’

    People who are generally healthy, have had three doses of a vaccine and recovered from omicron should feel secure to travel, said Stefanos Kales, a professor at Harvard Medical School and the Harvard T.H. Chan School of Public Health.
    “Unless you really have some serious condition or some serious concern, and you want to travel, absolutely you should travel,” he said. “You should feel quite comfortable because what else, you know, is going to protect you better?”

    “Let’s face it … it just really looks like [Covid] is not going to go away ever completely,” he said. “We have other coronaviruses, some of them are cold viruses and … as bothersome as colds are we haven’t found the magic bullet for those or a vaccine. But in general, we live our lives despite them.”
    Kales believes it is time to “move on” from the pandemic.
    “I think it’s time to … treat this as if we would have treated the flu or a cold,” he said.  

    Stay ‘humble’

    Professor Cyrille Cohen, head of the immunotherapy laboratory at Israel’s Bar-Ilan University, said it’s too early to say that vaccinated and recovered people are fully protected.
    Like Harris, he’s concerned about the threat of new variants, he said.
    He said until the situation stabilizes, “I do believe that we still need to feel humble and cautious.”
    Travelers could be infected with a new variant — one that hasn’t been detected yet. “That’s how it started for a lot of people back in 2020,” he said.

    We still need to feel humble and cautious.

    Professor Cyrille Cohen
    head of the immunotherapy, Bar-Ilan University

    People with so-called “super immunity” may experience less severe disease, he said. “But it is so dependent on the type of variant” that may emerge.  
    “It’s always a race … between your immune system and pathogens,” he said. “At the end of the day, you want to be person winning that race.” More

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    Hong Kong's health-care system is under 'enormous stress,' says medical expert

    Hong Kong is into its fifth wave, driven by the more transmissible omicron strain. Cases have spiked sharply, from just over 100 cases at the start of February, to a record of 6,166 cases by Thursday.
    “The health system in Hong Kong currently is under enormous stress,” said Gabriel Leung, dean of medicine at the University of Hong Kong.
    Authorities have blamed the surge on the “extreme transmission speed” of the omicron variant, and said that this “tsunami” of news cases has “far exceeded” the city’s capacity for treatment, tracing, testing and isolation.

    Patients lie in hospital beds waiting for medical treatment at a temporary shelter outside the Caritas Medical Center in Hong Kong, China, on February 16, 2022.
    Leung Man Hei | NurPhoto | Getty Images

    Hong Kong needs to protect its health-care system, which is under tremendous stress right now due to a spike in coronavirus cases, a health expert told CNBC on Friday.
    Hong Kong is into its fifth wave, driven by the more transmissible omicron strain. Cases have surged sharply, from just over 100 new cases per day at the start of February, to a record of 6,166 new cases on Thursday.

    “Essentially, in Hong Kong right now, what we need to do is to protect the integrity of the health system,” said Gabriel Leung, dean of medicine at the University of Hong Kong. “The health system in Hong Kong currently is under enormous stress.”
    Authorities have blamed the surge on the “extreme transmission speed” of the omicron variant, and said that the “tsunami” of news cases has “far exceeded” the city’s capacity for treatment, tracing, testing and isolation.
    Hospitals are facing “immense pressure,” the government said this week. The occupancy rate at public hospitals was at 92% as of Feb. 18, data from Hong Kong’s Hospital Authority showed.

    According to media reports, there were scenes of patients huddled on beds left in the open outside the hospitals, as facilities became overwhelmed.
    Leung told CNBC’s “Street Signs Asia” that the city needs to slow down the speed of the current surge.

    “The only way you can slow it down now is really to go and reduce further the people from mixing with each other and from moving about in the city,” he said.
    “So whether you call that a lockdown, or whether you call that enhanced or stepped up public health and social measures, I don’t really mind — the jargon is not the important thing.”

    Healthcare workers wearing personal protective equipment (PPE) attend to a patient displaying Covid symptoms at a temporary triage area next to the emergency department at the Caritas Medical Center hospital in Hong Kong, on Wednesday, Feb. 16, 2022.
    Bertha Wang | Bloomberg | Getty Images

    “What we need to do desperately is to make sure that we protect the integrity of the hospital system, such that we prevent people from further deteriorating if they really need help in the hospitals,” he continued.
    Hong Kong Chief Executive Carrie Lam said Tuesday there were no plans for a citywide lockdown.
    “The immediate response of the Hong Kong SAR Government … is to enhance the capacities at various parts of this anti-epidemic effort, and we are doing this,” she said.
    “I would have to say it very clearly that we have no plans for any widespread city lockdown as you have seen in some of the other places,” she told reporters.

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