New confirmed cases stood at 2303 on November 02, a sharp decline from the peak of 26,303 on September 11. This encouraging development comes with the increasing vaccination rate. As of October 31, 8.6 million or 88.1 percent of the target population in the National Capital Region have been fully vaccinated.
But with these vulnerabilities, the U.S. and other major financial centers, now complexly interconnected through the “shadow banking” system, slid to the verge of collapse. The financial system was saved, but it was badly damaged. Above all, trust in the regulators and in the system itself was damaged.