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runlai_jiang

Union urges Ford to make electric move - BBC News - 0 views

  • The Unite union has urged Ford to convert its UK engine plants to making electric cars and battery technology.Currently Ford makes engines for the Ford Fiesta and Jaguar Land Rover vehicles at Bridgend in South Wales and diesel engines in Dagenham in Essex.
  • Production of engines for Jaguar Land Rover at the Ford Engine plant in Bridgend will end in September 2020.Half of the workforce of 1,930 at Bridgend works on that engine.At the moment Ford Bridgend makes half a million engines a year for Ford's own models and a quarter of a million for JLR.After 2020 the number of engines being made on the site will be just a quarter of present production levels.
  • Figures from industry body the Society of Motor Manufacturers and Traders showed sales of new diesel cars fell 17.1% last year as higher taxes and pollution fears hit demand.
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  • A recent study by Aston University forecast a further 10% drop in sales this year and estimated that diesel cars will account for less than a third of the market by 2020.
katherineharron

Coronavirus deals blow to Putin's plans to stay in power until 2036 - CNN - 0 views

  • Russian President Vladimir Putin has long provided other world leaders with a template for authoritarian rule. Now he faces a new test: Whether his top-down system can survive the coronavirus pandemic.
  • "Let's not rely on our Russian luck," he said. "Please do not think, as we often do: 'Oh, this will not touch me.' It can touch everyone. And then what is happening today in many Western countries, both in Europe and overseas, could become our immediate future."
  • "We'll evaluate the situation and based only on the recommendations from doctors and specialists we will decide on a new date," Putin said.
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  • On Tuesday, the Russian leader paid a visit to the main Moscow hospital for monitoring suspected coronavirus patients, donning protective gear to visit the hospital in the city's suburb of Kommunarka. It was the kind of costume play we're used to seeing from the Kremlin, and reminiscent of one of his earliest moves as Russia's acting president: flying to the war-torn republic of Chechnya in 2000 in the co-pilot's seat of an Su-27 fighter jet.
katherineharron

This Michelin-starred restaurant was closed by coronavirus. Now it's feeding vulnerable... - 0 views

  • Every restaurant and pub in the United Kingdom has been ordered to close as the country seeks to limit the spread of the novel coronavirus. On the outskirts of Birmingham, one award-winning restaurant is riding out the crisis by assisting people in need and accepting help from German supermarket chain Aldi.
  • The UK government has since pledged to pay 80% of employee wages during the crisis, but at the time Aldi's intervention was a "miracle" for Hampton Manor. "That was a huge moment of relief for us," said James Hill.
  • "It's advertised as one-for-one model but in reality we'll probably give out more meals than we are selling," said James Hill. "The goal is to encourage people to support their community by buying from us," he added.
katherineharron

The Kremlin sends mixed messages on coronavirus as Russian cases spiral - CNN - 0 views

  • Just over a week ago, President Vladimir Putin said Russia had the spread of coronavirus "under control." Now the country is changing tactics, as authorities acknowledge they are gearing up for a major Covid-19 outbreak.
  • On the morning following his speech, the Russian government announced it would seal its borders and cancel all international flights, with the exception of repatriation planes that are expected to bring thousands more Russians home from hard-hit areas.
  • Those measures are the strictest Russia has seen so far, as its official coronavirus toll began to increase rapidly. On Thursday, health officials reported the largest one-day increase to date with 182 new cases, bringing the total number to 840. Three people have died of Covid-19, according to Johns Hopkins University.
sanderk

The coronavirus-induced recession could become a depression, PIMCO says | Markets Insider - 0 views

  • The coronavirus pandemic has brought much economic activity around the world to a halt, making a global recession appear inevitable — it could become a depression if policy makers don't act fast enough, according to Joachim Fels of Pacific Investment Management Co. 
  • On Sunday, the Federal Reserve sprang into action in an attempt to save the US economy from fallout amid the coronavirus pandemic. The central bank lowered its benchmark interest rate to near zero and said that it will increase bond holdings by $700 billion, among other measures. 
  • The task at hand for governments and central banks continues to be that the recession "stays relatively short-lived and doesn't morph into an economic depression," Fels said. This will require a "very large fiscal response" to support individuals and businesses adversely affected by the crisis, he wrote.
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  • US equities all but shrugged off the emergency measures — the Dow Jones Industrial Average shed 2,700 points at the open, and the S&P 500 slipped 8%, hitting a circuit breaker that halted trading for 15 minutes. When it resumed, stocks continued to slump. 
  • In addition to facilitating more expansionary fiscal policy, "central banks will also have to ensure that credit can continue to flow to companies and households," he said. 
katherineharron

Sanders rips GOP senators for voting for tax cuts but objecting to increased unemployme... - 0 views

  • Vermont Sen. Bernie Sanders on Wednesday lambasted Republican senators who had objected to provisions in the $2 trillion coronavirus stimulus package that they said would incentivize unemployment, accusing them of fixating on minor perks for workers amid a crisis.
  • "Here we are in the midst of the worst economic downturn perhaps since the Great Depression, tens of millions of people are worried to death about how they're going to feed their families, pay their rent, prevent a foreclosure," Sanders added. "And these guys are just staying up nights worrying about low-income workers getting a few bucks more."
  • "You have all kinds of people here who voted, including Sen. Graham and the others, they voted for a trillion dollars in tax breaks for the 1% and large corporations and now they're really worried that a low-income worker might receive extended unemployment plus $600 a week," Sanders said.
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  • "I just wanted to make it clear that I will not sit back, nor should anybody sit back and allow these guys to attack the needs of low-income workers, especially at a time when in this particular bill there are $500 billion available to the President for all kinds of corporate welfare and chicanery," he added. "They don't object to that, they worry about people getting a few bucks more."
sanderk

Coronavirus deaths in US: 200,000 could die, researchers predict - Business Insider - 1 views

  • Last week, the country saw its cases spike more than 40% in just 24 hours. This week, the number of daily cases continues to rise — even as Americans practice social distancing by working from home, limiting outdoor excursions, and staying 6 feet away from one another.
  • They estimated only 12% of coronavirus cases (including asymptomatic ones) had been reported in the US as of March 15, which would mean about 29,000 infections had gone undiagnosed by that time. The US has reported more than 69,000 cases and over 1,000 deaths as of Thursday.
  • The most extreme model predicted that up to 1.2 million people could die. By comparison, a typical flu season in the US kills between 11,000 and 95,000 people, according to the Centers for Disease Control and Prevention. 
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  • Some estimated that the CDC had reported more than 20% of COVID-19 cases as of March 15, but others predicted that the agency had identified just 5% of cases. Some predicted that the US could see 1 million deaths by the end of 2020, while others predicted that the death toll would be in the thousands.
  • The New York Times recently used CDC data to model how the how the virus could spread if no actions were taken to stop transmission in the US. The models show that between 160 million and 214 million people could be infected and as many as 200,000 to 1.7 million people could die.
  • Even if all patients were able to receive treatment at hospitals, however, the researchers predicted that about 1.2 million people in the US could die.
  • But since this particular coronavirus hasn't been seen before in humans, scientists aren't certain whether it will behave the same way. Plus, it's spreading in places with high temperatures, like Australia.
  • A second outbreak could also arise after people resume normal activity. The US asked citizens to avoid international travel starting March 19, but opening its borders again could fuel the virus' spread. The same goes for allowing citizens to return to work or use mass transit.
katherineharron

Beware stimulus check scams - CNNPolitics - 0 views

  • The federal government hasn't issued a single stimulus check yet, but scammers are already trying to steal the money from Americans.
  • "Do not pay anyone who promises that they can expedite or obtain a payment or a loan for you," James continued. "If you are eligible for relief, you will not need to make any up-front payment or pay any fee to receive a stimulus payment."
  • The payments will start phasing out for individuals with adjusted gross incomes of more than $75,000. The amount will then be reduced by $5 for every additional $100 of adjusted gross income, and those making more than $99,000 will not receive anything.
tongoscar

Did Trump Propose Cuts to Federal Pay Raises, Citing 'Serious Economic Conditions'? - 0 views

  • It was. In the message, Trump stated that federal law “authorizes me to implement alternative plans for pay adjustments for civilian Federal employees covered by the General Schedule and certain other pay systems if, because of ‘national emergency or serious economic conditions affecting the general welfare,’ I view the increases that would otherwise take effect as inappropriate.”
  • Congress approved a 3.1% raise for federal workers, which went into effect in 2020. It was the largest pay increase in a decade. Legislation introduced for 2021 calls for for a 3.5% increase.
  • It’s not unusual for presidents to make efforts to prevent full pay raises for federal workers from going into effect, Kauffman said. What is unusual is that Trump is using the economy to justify cuts even as he has been outspoken about the strength of the economy. One day after his message to Congress, Trump tweeted, “BEST USA ECONOMY IN HISTORY!”
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  • “If the economy is doing so well, then why can’t we afford to provide a pay raise to the federal workers, a third of whom are veterans, who ensure our democracy is working every day and ensure services are delivered,” Kauffman said. “Currently federal employees make about 4% less today than they did at the start of the decade, counting for inflation.”
  • But “every single president except maybe the first year [the law was in effect] under [George H.W. Bush], they have used national security reasons or national economic concerns to prevent the full raise from taking effect,” Kauffman said.
katherineharron

White supremacists pose as Antifa online, call for violence - CNN - 0 views

  • A Twitter account that tweeted a call to violence and claimed to be representing the position of "Antifa" was in fact created by a known white supremacist group, Twitter said Monday. The company removed the account.
  • "This account violated our platform manipulation and spam policy, specifically the creation of fake accounts," a Twitter spokesperson said in a statement. "We took action after the account sent a Tweet inciting violence and broke the Twitter Rules."
  • The revelation of the account comes as President Donald Trump increasingly blames left-wing activists for violence occurring at protests across America.
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  • On Sunday, Trump tweeted he would designate Antifa a terrorist organization,
  • he fake account, @ANTIFA_US, tweeted Sunday, "ALERT Tonight's the night, Comrades Tonight we say "F**k The City" and we move into the residential areas... the white hoods.... and we take what's ours #BlacklivesMaters #F**kAmerica."
  • Though Twitter referred to the group as Identity Evropa when discussing the account's removal, the Anti Defamation League (ADL) states that the group dissolved and reformed under the name the American Identitarian Movement, which it also calls a white supremacist group.
  • The phenomenon of people on the right creating fake Antifa accounts predates the current wave of protests. The takedown Monday is not the first time a fake Antifa account linked to white supremacists has been suspended by Twitter, the spokesperson confirmed.
katherineharron

Trump tweets threat that 'looting' will lead to 'shooting.' Twitter put a warning label... - 0 views

  • Twitter says President Donald Trump has violated its rule against glorifying violence and has affixed a warning label to one of his tweets — the first time such action has been taken against the president's account.
  • This means the tweet will not be removed, but will be hidden behind a notice that says "this Tweet violated the Twitter Rules about glorifying violence. However, Twitter has determined that it may be in the public's interest for the Tweet to remain accessible." Users can view it if they click past the notice.
  • Later on Friday morning, Trump resumed his criticisms of Twitter and tweeted that "it will be regulated." The official White House Twitter account also posted the same tweet after it was flagged by Twitter in an apparent attempt from the Trump administration to further test the platform's rules.
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  • "As is standard with this notice, engagements with the Tweet will be limited," Twitter said in a tweet explaining its decision. "People will be able to Retweet with Comment, but will not be able to Like, Reply or Retweet it."
  • The post in question was about a third night of protests following the death of George Floyd, a black man who was filmed on video saying that he could not breathe as a white police officer used his knee to pin Floyd down.
  • Less than two-and-a-half hours later, Twitter took action. "This Tweet violates our policies regarding the glorification of violence based on the historical context of the last line, its connection to violence, and the risk it could inspire similar actions today," the company said.
tongoscar

Climate change: 1 in 3 plant and animal species extinct in 50 years, study warns - CNN - 0 views

shared by tongoscar on 22 Feb 20 - No Cached
  • Take a moment to cherish your plants and appreciate the animals you see around you.In 50 years, a third of them may no longer exist.
  • approximately one in three plant, insect and animal species could face extinction by 2070. However, things could be even worse if emissions continue to rise as rapidly as they have in recent decades.
  • In a worst-case scenario, that number could rise to over 55%.
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  • Of the 538 species studied, 44% of them have already experienced an extinction in a particular local area.
  • While many species were able to tolerate a moderate increase in maximum temperatures, 50% of the species had local extinctions if maximum temperatures increased by more than 0.5 degrees Celsius. That number rose to 95% if temperatures increased by more than 2.9 degrees Celsius.
  • With January going in the record books as the warmest January in 141 years and statistical analysis done by NOAA scientists predicting 2020 to be one of the five warmest years on record, the researchers believe there will be more local extinctions across the globe.
  • The Paris Agreement was signed in 2015 by ministers from 195 countries from around the globe.It committed these countries to keep global warming below 2 degrees Celsius above pre-industrial levels and below 1.5 degrees, if possible.
  • "Based on our sample of 538 species, we projected a loss of 30% of the species under a more extreme warming scenario, but only about 16% if we stick to the Paris Agreement," Wiens told CNN. "So, think in 1 in 6 species, not 1 in 3."
  • The Paris Agreement is an international pact aimed at curbing global emissions of heat-trapping gases.Unfortunately, studies have shown that so far, many countries are failing to meet the emissions cuts they set to limit climate change.
  • "Some researchers have estimated that two-thirds of all species of plants and animals could be lost due to tropical deforestation alone," Wiens said. "If you combine that with climate change (which can impact species in protected forests and other reserves), then it really is terrible. Even from our data alone, there are extreme warming scenarios where 55% of the species would be lost from intact habitats. And note that deforestation also increases global warming. It is a double whammy against biodiversity."
katherineharron

While George W. Bush pleads for unity, Donald Trump plays coronavirus victim (opinion) ... - 0 views

  • On Saturday, former President George W. Bush released a short, heartfelt video offering words of support for a nation rocked by a staggering loss of lives and livelihoods during the coronavirus pandemic. In less than three minutes, a somber-voiced Bush expressed gratitude to the nation's medical professionals, called on Americans to protect their neighbors by keeping their distance from them and urged us to show empathy and kindness to all.
  • Come Sunday morning, President Donald Trump shared his view on the video in which he, true to form, made it all about himself and his grievances.
  • True, Trump has expressed some concern for the suffering of our fellow Americans and their loved ones -- but at callously low levels.
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  • Trump never misses an opportunity to make any situation about himself. That's even true during the time of a deadly pandemic that has taken the lives of more than 67,000 Americans and where business shutdowns have resulted in likely the highest unemployment rate since the Great Depression
  • in the approximately 780 minutes Trump spoke over the past month at press conference he offered less than 300 seconds of empathy to those suffering.
  • And while Trump has tweeted some recognition for first responders -- on March 19 he thanked them for their "dedication and sacrifice" -- just look at Trump's tweets in the last few days. They're all about Trump. On Sunday morning, right around the time he tweeted his complaint about to former President Bush's impeachment response, Trump also slammed the media for not "showing" polls that he believes make him look good -- "The Fake News doesn't show real polls."
  • Over the last few days, Trump reminded us time and time again that he sees himself as the victim in this crisis
tongoscar

Opinion | China Has a Big Economic Problem, and It Isn't the Trade War - The New York T... - 0 views

  • Today, it is progress on the trade war with the United States, or the recoupling of China’s economy with those of other countries, that is seen as the way for it to regain momentum.But to think in these terms is to miss the main point: The trade war has merely compounded an economic slowdown in China that is substantially of the country’s own making.
  • In 2018, China’s gross domestic product grew by about 6.5 percent, the lowest rate since 1990. And part of the slowdown is a predictable result of deliberate government decisions, in particular policies that favor the state sector at the expense of the private sector
  • The most striking evidence, documented by the Peterson Institute of International Economics in October, is the drop in credit to the private sector and the rise in credit to the state sector in recent years.
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  • In the face of restrictions on liquidity, defaults and bankruptcies in the private sector have multiplied. The Chinese banking system operates on the basis of cross-guarantees, which means that a single bankruptcy can ricochet through an entire network of connections.
  • Trade tensions with the United States seem to have hurt China, and this week’s deal, however timid and tentative, is a welcome step forward. But China itself needs to get its own economy back on track — it needs to support its private sector again.
katherineharron

Singapore introduces draconian social distancing laws, including 6 months in jail - CNN - 0 views

  • Singapore has introduced new laws governing social distancing during the coronavirus outbreak that could see offenders serve six months in jail.
  • Those who do not keep at least one meter (3.2 feet) apart, or who meet in groups of more than 10 people outside of work or school, could face a fine of up to 10,000 Singapore dollars ($7,000) and/or up to six months' imprisonment, according to a Ministry of Health statement posted Thursday.
delgadool

Fed Unveils QE Measures to Fight Coronavirus Economic Slowdown - Bloomberg - 0 views

  • sweeping series of measures that pushed the 106-year old central bank deeper into uncharted territory.
  • central bank said it will buy unlimited amounts of Treasury bonds and mortgage-backed securities to keep borrowing costs at rock-bottom levels -- and to help ensure chaotic markets function properly. It also set up programs to ensure credit flows to corporations as well as state and local governments.
  • unnerved investors are by the pandemic, the Fed’s moves failed to spark anything beyond a brief rally in stocks and corporate bonds Monday after weeks of staggering losses
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  • Stocks fell 4.5% in New York
  • Some pockets of the market reacted positively to the Fed moves. Signs of stress in the corporate debt sector eased, with the CDX Investment Grade index spread tightening. Bond ETFs eligible for central-bank purchases rallied and the dollar retreated versus major peers.
  • Group of 20 finance ministers and central bank chiefs separately joined an emergency call to work on a joint response to the economic blow dealt by the pandemic.
  • U.S. unemployment rate may hit 30% in the second quarter, along with a 50% drop in gross domestic product. Morgan Stanley expects the U.S. economy to plummet 30% in the second quarter.
  • The package included several unprecedented steps for the Fed, including intervention in the corporate bond market, purchases of commercial asset-backed mortgages and exchange-traded funds, and, if Congress clears the way, a significant Main Street lending program directly aimed at aiding small businesses.
  • emergency facilities will employ a total of $300 billion, backed by $30 billion from the Treasury’s Exchange Stabilization Fund.
  • Fed said a week ago it would buy at least $500 billion of Treasuries and $200 billion of agency MBS. The Fed will now make those purchases unlimited and will take on a slew of new efforts, many aimed at directly aiding employers and households, as well as cities and states.
katherineharron

Fed takes emergency action to stave off a depression - CNN - 0 views

  • The Federal Reserve is signaling it will do whatever it takes to save the coronavirus-ravaged American economy from a depression.
  • Taken together, the Fed said the new programs will provide up to $300 billion in new financing to an economy getting crushed by the crippling health restrictions aimed at fighting the pandemic. The Fed is going all out to prevent the health crisis from turning into a full-blown financial crisis.
  • US stock futures spiked on the new emergency actions from the Fed, which has already slashed interest rates to zero. Recession fears and a liquidity crunch have crashed the stock market over the past month and caused parts of the bond market to malfunction.
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  • The Fed said it will support American households and businesses, but it acknowledged "our economy will face severe disruptions."
  • The social distancing policies imposed to fight the coronavirus crisis have brought the American economy to its knees. Malls are empty. Factories have been shut down. Casinos have gone dark. And countless flights have been suspended. The economic toll is massive.
  • Aided by extremely low interest rates, US businesses have borrowed heavily over the past decade to hire workers, build factories, research new products and pay for share buybacks. That debt now looks especially treacherous as the economy goes into a tailspin.
katherineharron

George Floyd's heartbreaking cry for 'Mama' hits home (opinion) - CNN - 0 views

  • His final minutes in the custody of the police were captured in a devastating video, as he screamed "Mama." Floyd was pleading with the officers -- one of whom held a knee to his neck -- that he couldn't breathe, to the growing alarm of bystanders, one of whom recorded the scene. Floyd's mother is deceased. But in his cry -- "Mama!" -- I heard a twisted combination of hope and horror. Hope because in that moment he hoped the person who gave him life could save his life even in death. She'd undoubtedly done it before when she was alive. And horror because that's never how a black mama wants to hear her sacred title.
  • It's an unwavering declaration of faith. Whether they are three, 12, 20 or 46, like Floyd, children yell it when they're excited, proud, threatened or in pain.
  • I've heard that sound of panicked hope and belief that I could, and would, solve all problems and heal all wounds.
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  • I heard Floyd scream "Mama," and through my tears, even though I knew the events in the video had already unfolded to a tragic conclusion, I was still ready to fight. He wasn't my baby, but he was someone's child. And he needed someone with a mother's love to help him
  • I'm tired of being scared for him. I'm tired of reading about Ahmaud, Travis, George and so many others. The list never stops. I need the white mamas to share this burden. I need my white friends to love me and mine enough to come running, too.
  • While I'm waiting for white mothers to come running, to let me rest for just a moment while they carry the baton for a bit, I have a special thank you for my friend Stacie. I'm blessed with a multi-cultural array of friends. Stacie personifies compassion, sensitivity, godliness and intellect. She knows the world sees and treats her differently because she's white, financially comfortable and socially connected. In her heart, she's just a mama like me.
  • My baby calls me every time he's caught being black -- the security officer trailing him in the Harvard museum while he waited for his friend's commencement to start last May.
  • And the white woman who scurried away from the ladies' room on his college campus, presumably because he was walking toward her? Wasn't he just going in the same direction to use the adjacent men's room?
  • I need them to hear that cry and to tell their sons and daughters that my child is a human. I need them to declare and believe that he's in danger, that I can't protect him by myself and that his life matters to me and to them. I need them to tell their white friends' children, too. My child's life is sacred. My child is not dangerous.
  • She sees my blackness and the pain it brings. She'd never declare, as too many do, that she "doesn't see color." She sees it because she truly sees me. She knows it shapes how I see the world and how the world sees me. She knows my son, and she authentically cares about him. She knows I'm hurting without my having to tell her. And one mama to another, she cared.
johnsonel7

The coronavirus recession is just getting started - The Washington Post - 0 views

  • The record 3.3 million jobless claims reported Thursday mark the beginning of an economic crisis facing American workers and businesses — a slump, experts say, that will only end when the coronavirus pandemic is contained.
  • Although no official figures exist yet, the unemployment rate has likely jumped to at least 5.5 percent, says economist Martha Gimbel of Schmidt Futures, a level not seen since 2015 and up from 3.5 percent in February.“The most terrifying part about this is this is likely just the beginning of the layoffs,” Gimbel said
  • The bill, which gives most Americans checks worth $1,200 or more and provides billions in low-cost loans to businesses, is likely to provide a lifeline to workers and companies facing devastation, but it won’t stop a severe recession nor be adequate to sustain workers if the coronavirus health crisis lasts more than a month or two.
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  • Much of the nation has made the gut-wrenching choice to stop about half the economy and encourage most workers to stay home in an effort to save as many lives as possible
  • The average unemployment benefit check is currently $385 a week, which is less than half the typical weekly paycheck in the United States. The amount is slated to rise an additional $600 a week once President Trump signs the relief bill into law, a substantial increase meant to tide workers over as they are forced to stay home
  • All employees now have their temperature tested on the way into the warehouse. He’s had lengthy discussions with each worker about whether they should take the health risk of coming to work. They now run two shifts and mandate that employees stand about 10 feet from each other. Between the shifts, they sanitize the whole facility — doorknobs, surfaces, bathrooms, tools.
katherineharron

Donald Trump made 33 false claims about the coronavirus crisis in the first two weeks o... - 0 views

  • Trump made 50 false claims from March 2 through March 8, then 21 false claims from March 9 through March 15. Of those 71 false claims, 33 were related to the coronavirus. That is on top of some additional misleading claims from Trump about the coronavirus (we only count the false claims here), plus some false and misleading claims from members of his administration.
  • Trump is now averaging about 57 false claims per week since we started counting at CNN on July 8, 2019. From that date through March 15, he has made 2,062 false claims in all.
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