We're feeling a bit calmer about the swine flu today. Planes are flying empty to Mexico and 30,000 restaurants lie quiet across the Mexican capital. But as the first week of swine flu hysteria draws to a close, the Mexican death toll appears to have stabilized and fears of a mounting global apocalypse have yet to materialize.

We're more prone now to heed the words of pandemic skeptics, like virologists that contend the swine flu mortality rate is likely to be not far off the typical seasonal flu death rate. We are also swayed by histories of the epic false alarm that was the last swine flu outbreak in 1976.

Still, for panic-watchers we do note the beta launch of Google Flu Trends for up-to-date tracking of swine flu spread across Mexico. And for those who opt to don a face mask when venturing out of home, recognize that a mask can fast become porous as it absorbs humidity.

Does the arrival of swine flu constitute real reason for alarm? Or like SARS and the avian flu before it, is this more a minor local than major global tragedy?

Watch the Global Pulse episode on swine flu here.