Economy
HSBC resumes plan to cut 35,000 jobs worldwide (Sparky1)
Profitability for 2020 was expected to be “materially lower” than 2019 despite the cost cutting, the bank said in April. Loan losses could reach $11bn (£8.8bn) this year, it said. Expected credit losses ballooned by $2.4bn in the first three months of 2020 as the pandemic hit Asia and then Europe.
Americans face new coronavirus challenge: a shortage of coins (Sparky1)
“We are working with the Mint and the Reserve Banks and as the economy reopens we are seeing coins beginning to move around again,” Powell said. He made the remarks in response to a question from Tennessee Congressman John Rose, who said a bank in his district told him it would run out of coins by the end of the week because the Fed was only sending a portion of its usual order of coins.
“We all don’t want to wake up to headlines in the near future such as ‘Banks run out of money,’” he said. Banks “don’t know what to tell their customers.”
Requiring masks ‘political hazard’ as COVID-19 surges in California breadbasket (Sparky1)
Last week, the chief health officer for Orange County in Southern California resigned amid protests and personal attacks after she issued an order to wear masks in public. Four other health officers in California have resigned or retired in the last two months, as have two public health department directors, local media have reported as cases and deaths continue to rise in the state.
“We Need Protein” — Coronavirus Pandemic Deepens New York’s Hunger Crisis (Sparky1)
The pandemic has caused historic levels of hunger nationwide. Drone footage of seemingly endless lines of cars waiting to pick up food from pantries in Pennsylvania, Florida, and Texas convey the scope of our new reality, in which food insecurity is meaningfully higher than at any point for which there is comparable data, as a study by the Brookings Institution found. According to that report, more than 1 in 5 households in the U.S. were food insecure by the end of April, the most recent month for which data is available, as were 2 in 5 households with mothers of children ages 12 and under.
The COVID-19 crisis has already left too many children hungry in America (Sparky1)
Figure 1 illustrates the high levels of food insecurity observed in the COVID Impact Survey and in the Survey of Mothers with Young Children. By the end of April, more than one in five households in the United States, and two in five households with mothers with children 12 and under, were food insecure. In almost one in five households of mothers with children age 12 and under, the children were experiencing food insecurity.
Iconic Amazon indigenous chief Paiakan dies of virus (Sparky1)
He gained international recognition leading the fight against the environmental destruction set to be caused by Belo Monte, a sprawling complex of dams in the Brazilian Amazon.
He forged alliances with other indigenous groups, international activists and celebrity backers, and was a lead organizer of the Altamira gathering, a 1989 conference that rallied opposition to the project.
Honduras president hospitalized with pneumonia, COVID-19 (Sparky1)
Health Minister Alba Consuelo Flores confirmed that hospitals in those cities are nearly full, but said the government had to begin loosening restrictions. Many businesses closed since March have been allowed to reopen, though with reduced capacity. Those companies provide passes to their workers allowing them to avoid a national curfew that has been extended to June 28 and only allows people to leave home for essentials on certain days based on their national ID number.
Suspicions had been high the president had Covid-19 after his wife was hospitalised at the end of May with the virus. A medical document seen by AFP said she had tested positive for the virus and suffered ‘respiratory distress.’
The African country announced Nkurunziza’s ‘unexpected’ death on June 9 declaring a national week of mourning.
The Potential of Cannabidiol in the COVID-19 Pandemic: A Hypothesis Letter (000)
We suggest the hypothesis that Cannabidiol (CBD), a non-psychotropic phytocannabinoid, has the potential to limit the severity and progression of the disease for several reasons: 1) High-CBD Cannabis Sativa extracts are able to downregulate the expression of the two key receptors for SARS-CoV2 in several models of human epithelia 2) CBD exerts a wide range of immunomodulatory and anti-inflammatory effects and it can mitigate the uncontrolled cytokine production featuring Acute Lung Injury 3) Being a PPARγ agonist, it can display a direct antiviral activity 4) PPARγ agonists are regulators of fibroblast/myofibroblast activation and can inhibit the development of pulmonary fibrosis, thus ameliorating lung function in recovered patients.
Why The Donald Is Still Likely To Win (James W.)
Compared to other countries, the Trump Administration has performed poorly in the Covid-19 benchmark stakes. Germany, New Zealand, Taiwan, South Korea, Japan and Singapore have been far more successful in avoiding the casualties and economic damage seen in the United States. Of course, other countries have also handled it badly, but that does not change the facts that America has had a poor pandemic crisis.
Swing voters and independents are frustrated and are currently telling pollsters they plan to vote for Joe Biden in November. Nevertheless, what do voters actually think of Joe Biden?
You’re being manipulated (Jane L.)
“the power of the state can corrupt good people, and that we need to trust the stateless.”
Oxford University does a study showing that the use of media can deliberately change votes. Media, government, religion, and even academia itself, can indoctrinate the masses. It’s very easy for them to do.
A Staggering Number Of Homes Just Hit The Market In Minneapolis (thc0655)
Rioting in the Twin Cities began after a man, George Floyd, was killed at the hands of the Minneapolis Police Department. Although the officers involved in Floyd’s death have all been charged, protestors continue to occupy streets across America. Often, demonstrations turn to riots which have destroyed thousands of buildings (1,500 in the Twin Cities alone) and claimed the lives of nearly 20 people, per Fox 6.
Turkey drew up plans to invade Greece and Armenia – secret documents (000)
The documents were exchanged by top general staff commanders via a secure internal email system, the news portal reported. They appear to have been accidentally leaked in a court case file in Ankara that prosecutor Serdar Coşkun submitted to the court as part of an investigation into the failed military coup against Turkish President Recep Tayyip Erdoğan in July 2016.
All of the general staff’s emails from the two months preceding the coup were seized by the prosecution.
‘It’s only important if you eat food’: inside a film on the honeybee crisis (Sparky1)
Piles of dead honeybees pool around each hive like splotchy puddles; Adee reports a “mass die-off”, probably from acute pesticide or fungicide poisoning. It could have been a neighbor who sprayed their trees too soon, or used a legal chemical toxic to bees without knowing. Adee’s team inspects, collects samples, runs tests – for the bees, and because hundreds of thousands of dollars are on the line. “If we put the same economic value on a honeybee as cattle, we wouldn’t have a pesticide investigator out there for these kind of losses,” he says. “We’d have the FBI out there.”
Plan to release genetically modified mosquitoes in Florida gets go-ahead (Sparky1)
Last month, the US Environmental Protection Agency (EPA) also approved the Florida plan, as well as a further trial next year that will take place in Harris county in Texas, which includes Houston.
Proponents of the trial say that as only modified male mosquitoes, which do not bite people, will be released, there will be no danger to the public.
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The post Daily Digest 6/18 – HSBC Plans To Cut 35,000 Jobs Worldwide, Pandemic Deepens New York’s Hunger Crisis appeared first on Peak Prosperity.
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