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11,586 results 04/07/2020 16:41
Source: Unsplash, Library of Congress. By Eric Tucker, Matthew Daly and Mary Clare Jalonick. WASHINGTON (AP) — President Donald Trump has removed the inspector general tapped to chair a special oversight board for the $2.2 trillion economic relief package on the coronavirus, the latest in a series of steps Trump has taken to confront government watchdogs tasked with oversight of the executive branch. In the past four days, Trump has , and now has sidelined a third meant to safeguard against wasteful spending of funds for businesses in economic distress. "We’re seeing since Friday a wrecking ball across the IG community,″ said Danielle Brian, executive director of the Project on Government Oversight, a watchdog group. 04/07/2020 16:09
Here's the latest update from Roger Seheult, MD, co-founder and instructor at MedCram. Dr. Seheult is an Associate Clinical Professor at the University of California, Riverside School of Medicine and an Assistant Clinical Professor at the School of Medicine and Allied Health at Loma Linda University. Dr. Seheult is certified in Internal Medicine,. Pulmonary Diseases, Critical Care Medicine and Sleep Medicine through the American Board of Internal Medicine. In addition to being a preceptor for PA and medical students, Dr. Seheult was the Medical Director for the Physician Assistant Sciences Program at Loma Linda University, the Medical Director for a sleep lab and the Medical Director for the Crafton Hills College Respiratory Care Program. Hi. 04/07/2020 15:58
Image: New York State Department of Labor building, Brooklyn. Source: Thomson200 / CC0. By Andy Sullivan. WASHINGTON (Reuters) - Americans who have lost their jobs due to the new coronavirus will start getting enhanced jobless benefits as soon as this week as states deploy hundreds of billions of dollars in federal aid, state officials said on Tuesday. Congress approved an additional $600 weekly payment for jobless workers as part of an unprecedented $2.3 trillion rescue package signed into law by President Donald Trump on March 27. It could take several weeks for that money to filter through federal and state bureaucracies into the bank accounts of many of the millions of Americans who have been thrown out of work. Qualifying New York reside. 04/07/2020 14:56
Unsplash, Steve Sawusch. I am writing from my home library since I’m no longer working in my office in downtown Myrtle Beach. I’ve always resisted working from home because I don’t want to stress out in my own house. But it hasn’t been bad. I have a hot tub, a pool, cigars, and the cats. Things are much worse for most other people. The virus and the protective measures have done untold economic damage. Some people are openly talking of a depression. Already, this is one of the worst bear markets in stocks we have ever had—and it’s only been a little over a month. There was a lot of leverage in the system, and price-insensitive buying, like with stock buybacks, indexing, and short volatility trades. Now, all that leverage is being unwound. Th. 04/07/2020 14:22
Source: Unsplash, Library of Congress. WASHINGTON (Reuters) - President Donald Trump on Tuesday accused the U.S. Health Department’s inspector general of having produced a “fake dossier” on American hospitals suffering shortages on the frontlines of the coronavirus outbreak. The president, taking aim at yet another federal agency watchdog, did not provide any reason for questioning the health department inspector general’s report on critical shortages. The U.S. Department of Health and Human Services’s Office of the Inspector General is led by Christi Grimm , who has been the Principal Deputy Inspector General of the Department of Health and Human Services (HHS), Office of Inspector General (OIG), since January 2020. Ms. Grimm is a leading e. 04/07/2020 13:16
Source: US Global Investors. Some of you may have already picked up on this, but any discussion about the COVID-19 crisis will undoubtedly include a number of superlatives like “highest ever,” “most on record” and “unprecedented.”Last week’s events were no exception. A head-spinning 6.6 million Americans filed new claims for unemployment benefits, bringing the two-week total to 10 million. That’s more than the combined populations of Los Angeles and Chicago. Seeking a way to properly visualize the massive spike in initial jobless claims, analysts at Cornerstone Macro noted that they’ll need to be logarithmically-scaled now and forever for us to see the business cycle. “There isn’t much to say about this chart aside from letting the chart sh. 04/07/2020 12:16
Image: Melissa Fleming, Under-Secretary-General for Global Communications, holds virtual press briefing with Secretary-General António Guterres, March 19, 2020. Source: United Nations. By Emma Batha. LONDON (Thomson Reuters Foundation) - U.N. chief Antonio Guterres has called on governments to take urgent measures to tackle a “horrifying global surge” in domestic violence fueled by worldwide lockdowns to curb the spread of the new coronavirus. Calls to helplines have doubled or tripled in some countries amid increasing social and economic strains compounded by strict limits on movement, which have left many women isolated at home with abusive partners. Guterres called for all governments to make preventing violence against women a key part of. 04/07/2020 11:16
Image: Wisconsin State Capitol Building, Madison. Source: MuZemike / CC BY-SA ( By John Whitesides and Joseph Ax. (Reuters) - Wisconsin voters faced long lines at limited polling locations on Tuesday, as the state’s presidential primary and local elections moved ahead despite mounting fears about the coronavirus outbreak. Outside Riverside High School in Milwaukee - where officials were forced to close 175 of 180 normal voting sites due to a lack of poll workers - masked voters stood several feet apart in a line that stretched for several blocks early on Tuesday, according to video taken by onlookers and local news media. More than half of Wisconsin’s municipalities reported shortages of poll wo. 04/07/2020 11:01
Gillian Tett, Editor at Large at the Financial Times interviews Nassim Taleb, Scientific Advisor for Universa Investments on capital market at (Greenwich, CT). HIGHLIGHTS. Universa investments is a tail risk investment fund with $4.1 billion in AUM. Trying to remove risk can create more risk. Brexit is a reaction against bureaucrats with no skin in the game. FULL COVERAGE. INTERVIEW TRANSCRIPTS: Gillian Tett, Editor at Large at the and Nassim Taleb, Scientific Advisor at. Julia La Roche – Correspondent, Yahoo Finance: 00:00. I'd like to introduce our keynote speaker today. 04/07/2020 10:45
Image source: Zoom Video Communications. By Regina Garcia Cano and Aaron Morrison. Despite the update, Nevada’s Clark County School District, which includes all public schools in Las Vegas, and the New York City Department of Education, which is responsible for the largest school district in the U.S., have told teachers to stop using Zoom. Zoom-bombing was always a threat given how the video conferencing app was configured — geared more toward user-friendliness than privacy, said Justin Brookman, director of privacy and technology policy at Consumer Reports. When shelter-at-home mandates suddenly converted Zoom into a lifeline for tens of millions of families, it became a juicy target for mischief, he said. For years, “the usability issues ou. 04/07/2020 10:23
iStockphoto, Leonid Ikan. LONDON/MOSCOW (Reuters) - Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis. Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to prevent the virus spreading have slashed demand for jet fuel, gasoline and diesel. On top of sliding demand, Saudi Arabia and Russia have been flooding the market with extra crude after the collapse last month of a three-year-old deal on limiting supplies between OPEC, Russia and their allies, a group known as OPEC+. OPEC+ is due to hold a v. 04/07/2020 09:57
Image: Boeing 777-300. Source: American Airlines. WASHINGTON (Reuters) - The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance. The department said where multiple airports serve the same point, carriers do not need to maintain service to all of them but can serve just a single airport saying it “would impose undue costs on covered carriers.” The U.S. Treasury is currently in talks with airlines about how to award $25 billion in cash grants for airlines earmarked for payroll assistance. Reporting by David Shepardson; Editing by Chizu Nomiyama. _____. Source: 04/06/2020 17:08
Frank Chaparro, Greg Tusar, Jeanine Hightower-Sellitto, Trey Kelly, and Ari Paul discuss Crypto at (Greenwich, CT). HIGHLIGHTS. Negative headlines about bitcoin are easier to understand than concept of bitcoin itself. Regulatory uncertainty makes bitcoin ecosystem problematic. General idea behind crypto is to reduce intermediation. FULL COVERAGE. INTERVIEW TRANSCRIPTS: Frank Chaparro, Director of News at , Greg Tusar, Co-founder/CTO of , Jeanine Hightower-Sellitto, Managing Director of Operations of , Trey Kelly, CEO/Co-founder of , and Ari Paul, CIO of. Frank Chaparro – Director of News, The Block: 00:00. Today, we have an amazing group of people for the appropriately named crypto panel. 04/06/2020 15:12
Image source: European Central Bank. By DAVID McHUGH. FRANKFURT, Germany (AP) — The virus outbreak is exposing cracks in the foundation of Europe’s 21-year-old shared currency and festering animosities among its members, even as governments struggle to come up with a unified response where success or failure could mark the continent’s politics for years to come. Divisions between north and south, unhealed wounds from the 2010-2015 debt crisis and enforced budget austerity, as well as the lack of a powerful central treasury are haunting governments as they try to find a way to keep the economy afloat without blowing up national coffers. Finance ministers from the 19 countries that use the euro will debate the issue in a teleconference Tuesday, 04/06/2020 14:09
Image source: Nestlé. Nestlé has expanded the use of the IBM Food Trust blockchain technology platform to its Zoégas coffee brand. The company has launched select editions of Zoégas whole beans and roast & ground coffee in Sweden. This 'Summer 2020' range is a 100% Rainforest Alliance certified blend of arabica coffee beans from three origins - Brazil, Rwanda and Colombia. Through blockchain-recorded data, coffee lovers will now be able to trace their coffee back to the different origins. For the first time, Nestlé partnered with a trusted third party - The Rainforest Alliance - to independently provide reliable data beyond what is usually disclosed by the company. The Rainforest Alliance provides their own certification information, guarant. 04/06/2020 13:03
Source: With all its recent activities, the Federal Reserve’s balance sheet has exploded to $5 trillion-plus. My friend Peter Boockvar thinks assets could easily reach $10 trillion, and problems will develop when they try to wind it down. I’m not so sure they will do that. This time, they might take a page from the Great Depression playbook and simply not worry about winding it down. Let me go one step further. In 2012, when Europe was caught in the quicksand of a debt crisis, European Central Bank president Mario Draghi famously said he’d do “whatever it takes” to save the European monetary union. But it appears the 2020s will be the decade known as the one of “Whatever It Takes.” Before this decade ends, the U.S. Federal R. 04/06/2020 12:59
Olivier Sarkozy, Julia Kahr, Andrew Ferrer, Eric Liu, and Arjun Thimmaya discuss private equity at (Greenwich, CT). HIGHLIGHTS. Sarkozy has advised on over $100 billion worth of transactions in the banking industry. Warburg Pincus has been a private equity investor since 1966. Warburg Pincus has completed more IPO’s with its companies than any other global private equity firm. FULL COVERAGE. INTERVIEW TRANSCRIPTS: Olivier Sarkozy, Managing Partner at , Julia Kahr, Senior Managing Director at , Andrew Ferrer, Managing Director at , Eric Liu , Partner at , and Arjun Thimmaya, Managing Director of Financial Services at. Julia La Roche – Correspondent, Yahoo Finance: 00:00. For our next panel, you will hear from some of the most senior deal makers in t. 04/06/2020 12:05
Image: Manta rays at SeaWorld Orlando. Source: SeaWorld Entertainment. By Mike Schneider. ORLANDO, Fla. (AP) — SeaWorld Entertainment ’s chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, according to a company filing released Monday. Sergio Rivera cited his disagreement with the board of directors’ involvement in decision-making at the company, according to a filing with the U.S. Securities and Exchange Commission. His predecessor, Gustavo “Gus” Antorcha, cited a similar reason for his leaving last September. Rivera handed in his resignation Saturday. He was named the CEO of the company last November. “The board remains united in guiding the compan. 04/06/2020 11:48
Source: Vir Biotechnology. (Reuters) - British drugmaker GlaxoSmithKline will invest $250 million in Vir Biotechnology Inc and collaborate to develop potential treatments for COVID-19, the disease caused by the new coronavirus, the companies said on Monday. Vir’s shares are off their premarket highs but still up 14% at 11:40am ET, while GlaxoSmithKline shares are up nearly 2%. Drugmakers across the globe are rushing to develop a treatment or vaccine for the fast-spreading coronavirus that has killed over 68,400 people globally.

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