<p>But still, your ability to get travel back up and going and get supply chains back up and going in many emerging markets around the world means you want those vaccines. And they don't have the ability to pay for the shutdowns that they do in other places. So, Mexico right now, I mean, their explosion of cases looks a lot like what's happening in the United States. They should be locking Mexico City down according to their equivalent of the CDC and their guidelines. But they don't have the money for it. And so, as a consequence, they're just betting everything on the vaccine. So, we hope that they get out real fast.</p><p>The vaccines themselves, of course, look fantastic. And it's great to see people getting that shot in the arm, quite literally shot in the arm, for them, for their families, for their economies starting off in the UK, the United States, and very quickly Europe and the rest. I think that we need to recognize the uncertainties around exact timing. We know this is going to bring us back to normal. We know it's for the wealthy countries, it will be this year. But there's a huge difference between April and fall, especially in terms of how many businesses go out of business. And so, I think, because we're talking about massive amounts of production that needs to go right with only a couple of companies that are involved in it for the contracts that need to be fulfilled, with distribution that happens across many states with different political capacity and orientation, different rule sets, I mean, I think that the initial rollout for the people that are most vulnerable will go well. And that is really important because they are the ones that are most likely to get really sick and die.</p><p>And so, by February, by March, mortality rates, even with limited distribution, are going to be a fraction of what they are right now. Probably about, I could see one 10th by the end of first quarter. But then going from there to do we all have vaccines and are we able to go back out and travel and socialize and get entertainment? I think there's a pretty big gap of three, nine months, depending on how effective the rollout is, the infrastructure is, as well as how many people believe that they should actually take the vaccine. The numbers have gone up recently, but mostly, actually, among Democrats. Republicans still very skeptical.</p><p>We need both parties to come together in terms of the vaccine and hopefully not have blamesmanship. The worse the rollout is, the more you're also going to see political fragmentation that makes it worse. There'll be less of that in Europe, in my view. But still there. Anti-vax sentiment in France is even higher than the United States. Russia is even higher than in both places. And by the way, given the nature of the Sputnik V vaccine, that's probably reasonable. But that's where we are. So, a lot to watch. Absolutely critical for 2021.</p><p><strong>Vladimir Putin, speaking of Russia, Vladimir Putin finally congratulated Joe Biden. What will the United States-Russia relationship look like under a Biden presidency?</strong> </p><p>By the way, so did Mitch McConnell. I don't know if he congratulated him, but he did refer to Biden as the president-elect. So now that we've actually had the electoral college vote, and yes, it's the same 306 electoral votes as we knew sort of right after the election. It's been a month; it took a long time. The US Russia relationship looks more problematic under a Biden presidency, in part because of these major cyber attacks that we've just seen. Those cyber attacks against, first, we knew commerce and treasury, but now also defense and homeland security. This is a major, major effort by the Russian government and ordered by the Russian government that reflects massive espionage success in the United States and will undermine the ability of the United States to conduct its own intelligence capabilities inside Russia. How broad that goes, it will take us a long time to find out.</p><p>But certainly, it will lead to more sanctions from the United States against Russia. The mutual recrimination, the lack of trust, the willingness of the Russians to try to undermine US interests, legitimacy, domestic institutions, you name it, the transatlantic relationship, that's just going to persist under Putin, who has no real threats to his leadership in his country and who blames the United States for the decline that Russia is in. So, I do think it's going to get worse. And given the willingness of the Russians to engage in these kinds of attacks that are obviously represent a level of risk, it's pretty significant, it's pretty dangerous. Having said all of that, the US engages in cyber attacks against Russia too all the time. So, let's not pretend that this isn't tit for tat. The Americans don't accept that tit for tat because the Russians are so much less powerful, unequal. But we do need to put that in perspective in terms of what the Russians will do in response and how the Americans will respond.</p><p>I would also say that the fact that Biden will rejoin the Intermediate Nuclear Forces agreement, would want to rejoin Open Skies if we hadn't started scrapping the surveillance planes, all of that does help, at the margins, normalize the relationship a little bit, even as it continues to be very, very sticky in a bunch of key areas.</p><p><strong>Okay, let's talk baseball. The Cleveland _____?</strong> </p><p>Well, I mean, not my favorite team. You guys know I'm from Boston, so I still am very much a Red Sox fan. But they are no longer named the Indians. And I was kind of wondering, when you get rid of the Washington Redskins, why the Cleveland Indians were still kind of a thing. It seems like everything is going to move in the direction of let's no longer have Native Americans that are stylized as sports icons with all these people doing Tomahawk chops and generally disliked by the few remaining Native Americans in the United States for understandable reasons.</p><p>What do we want to name Cleveland? First of all, I like the fact that in Washington, it's just like the Washington football team. For the time being, it's kind of amusing. They've basically punted it, which is what you should do if you're a football team. If you're a baseball team, though, you can't punt, right? You got to come up with something pretty immediately. I've seen on the Internets, as they say, a few suggestions. The Cleveland Spiders kind of the old school favorite because they had a national league team back at the late 19th century. That's cute. But spiders, do you really want ... Spiders doesn't really sound like a baseball team. I'm not sure I would go there.</p><p>Maybe the Cleveland Guardians for the guardians for traffic statues on both ends of this major downtown Cleveland bridge. How about the Cleveland LeBrons, right? I mean, they lost him, but this way they could have him back. And maybe he'd visit and show up occasionally. He's done more for the Cleveland economy than anything else out there. And plus, he was multi-sport, right? I mean, the guy can do anything. He's not quite Bo, but he's close. So that's where I'm going. I'm going with the Cleveland LeBrons. I think that's where it should be. And then who cares how long he stays on the west coast.</p>
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