Economy
CEO asks employees to lie on timecards or risk job losses — violating labour laws (westcoastjan)
Holtforster tells Go Public the project management company tried other ways to cut costs — reducing expenses and compensation for dozens of managers by up to 20 per cent — before asking workers to voluntarily give up vacation days.
Fed will begin purchasing corporate bonds on Tuesday (Sparky1)
The corporate bond purchases will be based on an index that is “made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility’s minimum rating, maximum maturity, and other criteria,” the Fed said on Monday.
The Fed’s Primary Market Corporate Credit Facility, which will buy corporate bonds directly from eligible issuers, should become “operational in the near future,” the central bank said on Monday.
Millions of job losses are at risk of becoming permanent (Sparky1)
The risk though is that the pandemic is inflicting a “reallocation shock” in which firms and even entire sectors suffer lasting damage. Lost jobs don’t come back and unemployment stays elevated. That would force workers to retrain or relocate, both of which are hard, and governments to do more than just try to spend their way out of trouble.
The boy’s father also claimed that officers and a group of emergency medical technicians standing about a block away did not try to assist his son.
“No officer, who’s paid to protect, chose to stand up, break the ranks, go help this child,” he told the outlet.
Pastor James Alberts of Higher Ground Church of God and Christ in St. Cloud appeared alongside Anderson to say the anger over Floyd’s killing — and the long-raging “pandemic” of racism — is justified, but the St. Cloud police showed that “it is possible to police and not kill.”
“The community is rightfully concerned, but there’s no one dead here today. We’re thankful that no one has died,” he said.
Mike Pence Lies About Oklahoma’s COVID-19 Numbers Ahead of Trump Rally (tmn)
“In a very real sense, they’ve flattened the curve,” Pence claimed of that state. “And today their hospital capacity is abundant, the number of cases in Oklahoma has declined precipitously and we feel very confident going forward with the rally this coming weekend.”
In fact, Oklahoma reported 225 new cases of COVID-19 this past Saturday, its highest one-day total since the pandemic began. On Sunday, Tulsa County reported 89 new cases, the largest single-day increase since the state had its first case on March 6th.
The Latest: Study: Coronavirus lockdowns make kids irritable (Sparky1)
The survey, conducted by the Giannina Gaslini Pediatric Hospital in Genoa in conjunction with the University of Genoa, found those symptoms were more acute in families where the parents themselves were particularly stressed.
AP PHOTOS: Sunshine, espressos, shopping as Europe opens up (Sparky1)
Parisians, meanwhile, enjoyed a return to their favorite bistros after French President Emmanuel Macron made the surprise announcement that they could go back into restaurants days earlier than expected.
Macron told French citizens that they should “rediscover the art of living” and their “taste for freedom.” Many Parisians found that in outings ranging from a quick morning espresso to a three-course lunch.
Under this public-private partnership, BARDA can provide up to $1.2 billion to support, in parallel, advanced clinical studies, vaccine manufacturing technology transfer, process development, scaled-up manufacturing, and other development activities. Emergency use authorization or licensure of this vaccine from the U.S. Food and Drug Administration (FDA) would be required to make the vaccine available. Early milestones enable BARDA and AstraZeneca to determine how the program progresses forward.
Ivermectin: a systematic review from antiviral effects to COVID-19 complementary regimen (000)
Although there has been a history of studies on the virus since few years ago, as many types of coronaviruses cause simple respiratory tract infections, but SARS-CoV-1 and MERS caused severe respiratory tract illness in infected humans. The decrease in the threat from SARS and MERS led to decreased research activities against this class of viruses which has led to a lack of preparedness for the new SARS-CoV-2 pandemic.
Norway suspends virus-tracing app due to privacy concerns (Sparky1)
Norway’s health authorities said they suspended an app designed to help trace the spread of coronavirus after the country’s data protection agency said it was too invasive of privacy.
Launched in April, the smartphone app Smittestopp (“infection stop”) was set up to collect movement data to help authorities trace the spread of Covid-19, and inform users if they had been exposed to someone carrying the virus.
Covid-19 can damage lungs of victims beyond recognition, expert says (Sparky1)
Covid-19 can leave the lungs of people who died from the disease completely unrecognisable, a professor of cardiovascular science has told parliament.
It created such massive damage in those who spent more than a month in hospital that it resulted in “complete disruption of the lung architecture”, said Prof Mauro Giacca of King’s College London.
CDC report offers detailed demographic breakdown of who is getting coronavirus (Sparky1)
There was a total of 1,761,503 cases of Covid-19 and 103,700 related deaths in the country between January 22 (when the first case was confirmed) and May 30, according to the surveillance report, published in the CDC’s Morbidity and Mortality Weekly Report. The data come from local, state and federal sources and is consistent with those reported through the Johns Hopkins University Coronavirus Resource Center.
Harrowing blame game over COVID-19 toll in nursing homes (Sparky1)
Advocates for older people say the federal government hasn’t provided needed virus testing and sufficient protective gear to allow nursing homes to operate safely. A White House directive to test all residents and staff has been met with an uneven response.
“The lack of federal coordination certainly has impeded facilities’ ability to identify infected persons and to provide care,” Eric Carlson, a long-term care expert with the advocacy group Justice in Aging, told lawmakers.
Nursing homes go unchecked as fatalities mount (Sparky1)
A POLITICO survey of state officials, however, suggests that the lack of oversight of nursing homes has many roots. Many states that were hit hard by the virus say they chose to provide protective gear to frontline health workers rather than inspectors, delaying in-person checks for weeks if not months. Some states chose to assess facilities remotely, conducting interviews over the phone and analyzing documentation, a process many experts consider inadequate.
Democrats (Accidentally) Make The Case Against Teachers’ Unions (DennisC)
The New York Times reports how police union membership has been climbing even as private-sector union membership has plunged, and that this gives unions “resources they can spend on campaigns and litigation to block reform. A single New York City police union has spent more than $1 million on state and local races since 2014.”
“The greater the political pressure for reform, the more defiant the unions often are in resisting it — with few city officials, including liberal leaders, able to overcome their opposition,” the Times reports.
North Korea destroys South Korean liaison office in ‘terrific explosion’ (Sparky1)
The destruction of the building represents a major setback to efforts by South Korean President Moon Jae-in to coax North Korea into cooperation.
It also appears to be a further blow to U.S. President Donald Trump’s hopes of persuading North Korea to give up its nuclear weapons and open up to the outside world.
Haynes And Boone, LLP Oil Patch Bankruptcy Monitor (Sparky1)
Until full economic activity returns and consumer confidence that the worst of the pandemic is behind us, demand levels will not pull up prices. Lower for longer remains the watchword for producers and their creditors. It is reasonable to expect that a substantial number of producers will continue to seek protection from creditors in bankruptcy even if oil prices recover over the next few months. Over the entire five-year period as of May 31, 2020, 226 producers have filed for bankruptcy since Haynes and Boone’s Oil Patch Bankruptcy Monitor began tabulating E&P filings, involving more than $132 billion in aggregate debt. Haynes and Boone will continue to monitor the industry and report periodically on the financial status of its producers.
COVID-19 Spreading to Food Processing Facilities Across the U.S. (Sparky1)
The infected workers were employed at the plants of industry giants like Kraft Heinz, Birds Eye, Conagra and the Campbell Soup Company’s Pepperidge Farm, as well as those of smaller brands, like Fairmont Foods and Ruiz Foods.
Special Report: Millions of abandoned oil wells are leaking methane, a climate menace (Sparky1)
The incident, while extreme, reflects a growing global problem: More than a century of oil and gas drilling has left behind millions of abandoned wells, many of which are leaching pollutants into the air and water. And drilling companies are likely to abandon many more wells due to bankruptcies, as oil prices struggle to recover from historic lows after the coronavirus pandemic crushed global fuel demand, according to bankruptcy lawyers, industry analysts and state regulators.
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The post Daily Digest 6/16 – Nursing Homes Go Unchecked As Fatalities Mount, Norway Suspends Virus-Tracing App Due To Privacy Concerns appeared first on Peak Prosperity.
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