| This is Bloomberg Opinion Today, a pariah state of Bloomberg Opinion's opinions. Sign up here. Today's Agenda  Going up all over. Photographer: Justin Sullivan/Getty Images South America America: Pariah State President Donald Trump came to office promising to build a wall around to America to keep foreigners out. He may leave it with foreigners building walls to keep Americans out. The coronavirus pandemic is surging in many parts of the world and threatens to rebound in many more. But one of the globe's worst hot spots is the U.S., thanks to slapdash pandemic management that basically leaves each state to fend for itself, and not always well. So today you have the governors of New York, New Jersey and Connecticut, with their worst outbreaks hopefully behind them, announcing (probably unenforceable) quarantines for travelers from America's new disaster zones, of which there are too many. Meanwhile, Americans from every state may soon be barred from traveling to Europe, which suffered some of the world's worst Covid-19 death tolls but will soon reopen its borders to travel. This will probably infuriate an American president who was already pretty furious with Europe, Andreas Kluth writes. But it's perfectly logical; why risk admitting travelers from a country that still hasn't bothered to adopt the basic pandemic-fighting strategies other countries have? From Europe to Asia and back to South America, Bloomberg Opinion's writers around the world look on in disbelief and horror at how badly the U.S. is managing the pandemic. Nowhere else on the planet, for example, is the simple lifesaving act of wearing a mask in a pandemic some kind of political football. Little wonder these writers, in places from Italy to Hong Kong, are happy stay right where they are, safely on the other side of a very tall, very germ-blocking wall. Trump's latest effort to keep out the world is a temporary freeze on skilled-worker visas, meant to keep foreigners from takin' our jerbs in a recession. The only real effect will be to make Silicon Valley less competitive, writes Tae Kim, while giving countries outside Trump's wall a stronger pitch for the world's talent. And America's isolation only grows. Further Coronavirus Reading: Did Trump actually order coronavirus testing be slowed down? In a sign of just how weak he is, it really doesn't matter. — Jonathan Bernstein On a Clear Day You Can Borrow Forever On a happier note, Austria was just able to borrow money for 100 years at an interest rate of 0.88%. This. Is. Not. Normal, as they used to say on Twitter. I'm old enough to remember when (in early March) the U.S. government paid more to borrow for 10 years. In 100 years, Europe might be a nuclear desert ruled by mutated cockroaches, for all we know. Given current trends, it's not unimaginable. Anyway, though, given Austria's relatively high credit rating and that fat, juicy yield in a world of negative interest rates, investors couldn't get enough, notes Marcus Ashworth. Expect much more of this ultra-long-term borrowing to come. Sorry if your grandkids have to chase down mutated Austrian cockroaches to collect. Further European Bond Reading: After briefly rocking the EU's foundations, Germany's high court may back down and let the ECB carry on with QE. — Andreas Kluth Tele-Shrinks Should Be a Permanent Feature One of the few shreds of actual good hidden in the garbage heap of this pandemic has been that insurers and other health-care payers have loosened rules on telemedicine generally, and especially for mental-health treatment. This new leniency should be permanent, writes Bloomberg's editorial board. For one thing, months of living in perpetual existential dread will leave scars, even when we're all getting vaccine shots and licking subway poles again, whenever that will be. For another thing, mental-health treatment in this country can be difficult to get in the best of times, and telemedicine solves some of its long-standing problems. Telltale Charts Shockingly few millennials have been able to buy houses, writes Noah Smith, adding to their economic plight. Government policy needs to give them a boost.  Further Reading Trump's shtick is all about keeping White people in power, but by waking Americans up to the systemic racism that produced him, he may actually end up making the country more multicultural. — Francis Wilkinson Investors must brace for uncertainty about the 2020 election outcome that could last a month. — Conor Sen New York Mayor Bill de Blasio's street-parking "fix" is no fix at all. — Justin Fox Financial engineering doesn't seem to be working for Dell, but by golly it keeps trying. — Brooke Sutherland Vladimir Putin needs a show of public support for cementing his rule. It won't be easy. — Clara Ferreira Marques Egypt's dictator was riding high until 2020 happened. — Bobby Ghosh ICYMI Brazil may soon be a pandemic worst-case scenario. Sweden's epidemiologist says the world went overboard with lockdowns. Go inside the baffling world of Masayoshi Son's presentations. Kickers Because we don't have enough problems, a "Godzilla" dust cloud is heading to America. (h/t Mike Smedley) This weird thing fell from the sky. Man's lucky coin wins him the lottery twice. (h/t Scott Kominers for the two previous kickers) The top 40 South Park episodes, ranked. Note: Please send lucky coins and complaints to Mark Gongloff at mgongloff1@bloomberg.net. Sign up here and follow us on Twitter and Facebook. | 
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