Financial Services Firms Simulate Flu Pandemic

jcatcw writes "The U.S. Government is co-sponsoring a three-week exercise that will simulate the impact of a flu pandemic on financial services firms, including their ability to support telecommuters. The exercise is expected to be the largest in U.S. history and will involve more than 1,800 firms. From the article: 'The program will follow a compressed time frame that simulates the impact of a 12-week pandemic wave. Participants will be given information on how many absentee employees they can expect. Companies won't know exactly how hard they will be hit with sick-calls from employees until this data is made available ... In addition, participating firms won't be able to pick and choose the level of workforce reductions they get hit by.'"

Comments

Re:What Pandemic?

[ScentCone]

My guess that all this pandemic talk is just more fear mongering to take the public's mind off of politics and the economy is more likely.

Are you REALLY that clueless, or are you just trolling because you think you're scoring some anti-the-current-administration points, somehow?

The last real doozy of a flu pandemic killed 50-100 MILLION people - most of whom were young, and otherwise healthy. This isn't like a once every 50 millions years asteroid collision we're talking about. Plenty of people alive right now were around when the last one happened, and lost family members. It was real. And that one happened before ubiquitous air travel between continents. We now have vastly more dense population centers, and arguably a much more fragile "just-in-time" style economy. Pretending this isn't a risk is foolish. Pretending that it's only hype from your political opponents is childish.

Re:How useful is that?

[OriginalArlen]

Whilst I'm not quite so cynical about the value of such exercises (they will tend to bring SOME unexpected problems to light; it's just that you can't guarantee that they'll find all the bugs in the process) the major problem is with the realism of what they're simulating. I did a lot of research into this a couple of years back (our then head of security said "We don't need to worry -- we have a stock of Tamiflu", and I ended up reading the clinical trial results and the datasheets for the stuff, as well as the major respectable papers on the topic. The was a dedicated issue in, I think, Nature (or it may have be> Oh BTW: the mortality rate en Science, or the BMJ - I forget), and another which was genuinely frightening (without trying to be) in the New England Journal of Medicine. (Note to the cynics -- these are about the most respected non-specialist journals of record in the relevant fields. If you're one of those "Avian flu? Pffft, Duke Nukem will arrive first" types, I advise you to go and talk to virologists and epidemiologists before talking crap about a subject you know nothing about) - Suffice to say Tamiflu increases the survival rate to about 45% -- from 35-40% when untreated. So more than half the people who get infected will die. )

Where was I?

Oh yes - right - 12 weeks. 12 weeks is a reasonable time frame for a single epidemic wave to cover the nation and then subside again. However the duration of the emergency is unlikely to be less than a year (the 1918 pandemic lasted a couple of years), during which time there will be multiple waves of infection in a localised population. Bear in mind that when the second wave arrives, you have n-(i*m) staff at the start of the wave (n = number of staff, i = infection rate, m=mortality rate.) And as seeing 10-20% of one's colleagues dying unpleasantly from a highly contagious disease is unlikely to increase people's enthusiasm for coming to work in an office, it's likely there'd be a huge economic hit that would take years to work it's way through - even after a free vaccine's being distributed by the U.N.