Category: Yanickq

02
Mar
2021

Voodoo Dead Welcome Oteil Burbridge And Papa Mali For 5/8/77 Tribute In New Orleans [Photos]

first_imgLoad remaining images Voodoo Dead with Oteil Burbridge & Papa Mali | Republic NOLA | 5/7/2017 | Photos: Chad Anderson & Jeremy Scott On Sunday night (or really early Monday morning), the funky Grateful Dead tribute supergroup VooDoo Dead helped close out this year’s New Orleans Jazz & Heritage Festival with a show at the Republic NOLA. The supergroup composed of Steve Kimock (The Other Ones), Jackie Greene (Phil & Friends, The Black Crowes), George Porter Jr.(The Meters), Jeff Chimenti (of Dead & Co.), and JM Kimock (Mike Gordon Band) put on a special show for eager friends, paying tribute to the legendary Grateful Dead show at Cornell University’s Barton Hall on May 8th, 1977, exactly forty years prior. In addition to this show already being special for the group, Voodoo Dead also welcomed two very special guests, Oteil Burbridge and Papa Mali, to join them. You can check out photos from their epic performance below, courtesy of photographers Chad Anderson and Jeremy Scott.last_img read more

01
Mar
2021

Does food have a gender?

first_img Melting pot of American cuisine Throughout time and in many cultures, food, whether in the home or professional domain, has long been associated with gender and a range of social and political realities. Culinary historian Barbara Haber and celebrated chef Lydia Shire explored some of those connections during a recent talk titled “Does Food Have a Gender?,” sponsored by Harvard’s Peabody Museum of Archaeology and Ethnology and moderated by food journalist Louisa Kasdon.Pages filled with recipes offer a window into social and cultural change for Haber, who curated a robust collection of cookbooks at the Radcliffe Institute’s Schlesinger Library. She said such texts reveal “social norms at any given time and place.” Those norms placed American women in their home kitchens throughout the 19th and much of the 20th century. A 1901 cookbook refers to the man of the house who “cheerfully sallies forth to labor for those he loves,” with a perfectly packed lunch, she said, and warns women against “carelessly slighting your loved one” by ignoring his carry-out meal. “It was making it clear,” said Haber, that women should be saving their households from behind their sinks and stoves.Still, some women railed against such stereotypes. In her 1878 cookbook “My Summer in the Kitchen,” Hetty Morrison describes the “diabolically expansive qualities of rice” and criticizes “writers of cookbooks who set up false expectations,” said Haber. But Morrison was largely the exception. Even writers Erma Bombeck and Peg Bracken, 20th-century humorists known for their wry takes on home life, “sort of accepted the cards they were played,” said Haber, “and it wasn’t until Betty Friedan came along with the ‘Feminine Mystique’ in 1963 when the whistle was finally blown.”While many cookbooks in that period were written by women, men penned them too. Often, though, male authors sought to disparage women, “by proving that their interest in food was loftier, a higher art, while women were mere drudges,” said Haber. She added that although “stereotyping may be over when it comes to cookbooks,” gender equality in society at large is still far from a daily reality.,Interestingly, it was a man who inspired Boston chef and restaurateur Shire’s lifelong love affair with food. When not working as an artist, Shire’s father, a quiet Irishman with an understated “elegance,” enlisted his daughter’s help in the kitchen. Shire eventually trained at the Cordon Bleu and became the first female head chef at Boston’s famed Locke-Ober restaurant, a favored haunt of Boston businessmen which opened in 1875 and didn’t even admit women until 1970. Shire still remembers the smell of the first garlic clove she chopped with a giant cleaver at the age of 4, and the sight of her father searing a flank steak to perfection on an old, cast-iron pancake griddle.“It was love at first sight,” said Shire. “I wanted to be like my father.”While professional kitchens were predominantly run by men early in Shire’s career, today the culinary landscape looks very different, with many more women working as chefs. Related Peabody Museum examines the origins of our favorite foods, how we make them, and who serves them “That’s changed dramatically. That’s a big change. … My God, women are amazing,” said Shire, acknowledging that while “women always have to work harder than their male counterparts do,” there is “definitely more respect in a kitchen now.”In the end, Shire said, the proof of a chef’s talent, regardless of gender, is the quality of the food.“If you are a smart cook and you’re coaxing flavor out of something and you’re not afraid to season something, you’re not afraid to be bold and brassy, and maybe keep adding something until you taste something and you say, ‘Ah, that’s it. Stop. No more’ — I feel, to me that’s what a professional is,” said Shire. “And I think, a man professional and a woman professional, to me they’re the same.”No talk on food and gender would have been complete without a mention of Julia Child, the culinary great and Cambridge resident who revolutionized American cooking by simply sharing her love of French food with others. Shire recalled nights at Child’s home filled with wine and hors d’oeuvres. The food was important, but so were the connections. “She was not an egomaniac who wanted adulation,” said Shire. “She just really wanted person A to meet person B and make something happen.”How will the food landscape change after COVID-19? Kasdon wondered. Once there is a working vaccine, Shire and Haber said they envision those who are tired of cooking at home, along with any number of up-and-coming chefs, recharging the restaurant scene. “I’m hoping rents will be attainable for young people and that you will get a whole new generation, a whole new wave of restaurants, food shops of all sorts, both started by women and men,” said Haber.Shire agreed. “I think that as far as young chefs working their way up, it’ll be equal, equal men, equal women.”The discussion was inspired by the Peabody exhibition “Resetting the Table: Food and Our Changing Tastes.”last_img read more

27
Feb
2021

It’s Now Possible to Run Unified Storage in the Cloud with Dell EMC Unity VSA Cloud Edition

first_imgThis post by Craig Bernero has been retired. Check out this post by Joe Caradonna which provides an update on Dell EMC Unity Cloud Edition.All customers, large or small enterprises, firmly established or relatively new, are deploying storage and servers in new and innovative ways; far differently than a just few years ago.  Today, most IT environments are highly virtualized and leverage the cloud for cost-optimized data placement. For Midrange customers, our new Dell EMC Cloud Edition software helps drive new flexibility with the cloud and virtualized infrastructures. With even more features for the cloud, and more options to deploy Dell EMC Unity as SDS (Software Defined Storage), converged systems, or as traditional hardware, Dell EMC Unity is the ideal platform for all VMware environments. And with this release, we deliver even more options to deploy efficient, simple and flexible storage.Dell EMC’s Unity platform is the number one Midrange storage platform in the market. We’re listening to you, and based on your feedback, we’ve added numerous new features. Recent innovation includes in-line compression and deduplication, MetroSync, and a wide range of security certifications help our customers deploy Dell EMC Unity over the widest range of workloads possible. Our customers also use Dell EMC Unity on purpose-built hardware, engineered converged infrastructure platforms and software defined storage.In this version, we’ve added a diverse set of cloud-related features that leverage the scale and ease of access of the cloud. Many customers look to merge the flexibility of a software defined storage with the scalability and flexibility of VMware Cloud, and we’re delighted to now provide those features.  Dell EMC Unity platform users now have a virtual data center which expands outside the confines of traditional physical space, and VMware Cloud users now have access to the extensive host of Dell EMC Unity file services, data protection and storage management features.  Every type of Dell EMC Unity deployment benefits from more options and more flexibility.Dell EMC Unity VSA Cloud EditionCustomers can deploy Dell EMC Unity either on traditional hardware or software with Unity VSA (virtual storage appliance), and the features are identical. The Dell EMC Unity VSA Cloud Edition provides a unified storage management environment with block, file and VVols support, as well as snapshot, replication and scheduling services.  And the intuitive user interface, now based on HTML 5, is identical for every version as well, so all users are immediately at home and productive.  And we provide full integration for VMware environments including VSI and ESI plugins, and VAAI support.At Home in the CloudThe Dell EMC Unity VSA Cloud Edition is deployed and certified on a standard VMware ESXi server.  With VMware Cloud available on AWS (Amazon Web Services), the cloud-based version of Dell EMC Unity is deployed quickly, ideal for test and development, and as a cost-effective replication destination.Dell EMC Unity VSA Cloud Edition also brings its robust file services to the cloud.  Providing more flexibility and portability, the VMware Hybrid Cloud Extension enables large-scale data migrations between cloud environments and the users’ on-premise Dell EMC Unity hardware and virtual environments.Dell EMC Unity customers seeking cloud deployments for their business now have a path without learning anything new – it couldn’t be easier. The same Dell EMC Unity operating environment and intuitive user interface are now available in all environments, in the cloud or as traditional hardware. For those adopting the cloud today, or those considering multi-cloud in the future, Dell EMC Unity is ready on your timetable, so you get to pick the timing and the product version that best meets your needs.The Road AheadAccording to IDC, the total spending on IT infrastructure for the cloud is $52.3B and growing at 10.9% annually.  Whenever you’re ready to jump in, we’re ready too.  With the new Dell EMC Unity VSA Cloud Edition, both first-time cloud users and more established multi-cloud IT shops will benefit from the feature-rich capabilities in Dell EMC Unity, now optimized and packaged for the cloud. Let us know what you think, we’re always interested in your constructive feedback.last_img read more

17
Jan
2021

UGA Envirotron

first_imgThe Georgia Envirotron in Griffin, Ga., is a one-of-a-kind environmental control facility. Dedicated June 9, the University of Georgia center will help scientists worldwide study the effects of global change on plants. Gerald Arkin heads the Griffin campus of the UGA College of Agricultural and Environmental Sciences. He said the discovery of new knowledge through the Envirotron “will benefit Georgia, the Southeast, the nation and the world.” The $1.26 million facility allows researchers to study how a number of stresses affect plants. Scientists can control the temperature, humidity, light, pollutants and atmospheric gases. The Envirotron provides controlled environments to study anything from single plants to entire landscapes. Researchers use indoor growth chambers to study plants, pests and diseases. Greenhouses allow researchers to simulate crops in the field. And movable sunlit chambers were designed for landscape-level research. The Envirotron will eventually allow off-site researchers to access data through the Internet. Arkin said the idea for the Envirotron began in 1991 at a National Institute for Global Environmental Change conference. About 250 scientists had gathered to find an engineering response to global change. “Some good ideas came forward,” he said. “One of the challenging concepts was the need for facilities that would allow us to better address global change.” Some such facilities were already out there. But they didn’t go far enough, Arkin said. “Those scientists suggested that the new facilities allow them and their colleagues to work together,” he said. “And they wanted to study not just aboveground phenomena affecting plants and ecosystems. They wanted to study, at the same time, both above- and belowground phenomena affected by global change.” In 1992, scientists from NASA, the Department of Energy, the U.S. Department of Agriculture and others in the Southeast conducted a study. They found enough value in building such a facility in the Southeast. The group chose the region because of the importance of farming, the diversity of plants, the many soil types and the climate. Grants from the Georgia Environmental Technology Consortium, a unit of the Georgia Research Alliance, funded the Envirotron. The GRA helps build research facilities to promote economic growth in the state. It funded the Envirotron through the GETC air quality program to address such issues as how pollution affects crops and how plants and soils neutralize or reduce man-made pollutants. The UGA Office of the Vice President for Research and the College of Agricultural and Environmental Sciences provided funds, too. “Our vision is that scientists, working in multidisciplinary and multi-agency teams and in partnership with industry, will address the complex environmental issues that impact all our lives,” Arkin said. “We also envisioned that this facility will spin off new technologies with this teamwork of scientists.” Scientists from Germany, Japan and Thailand are already using the Envirotron. “The Georgia Envirotron is one of several programs the College has undertaken to strengthen the cooperation between agricultural and environmental sciences,” said CAES Associate Dean Ivery Clifton . “In fact, cooperation is one of the principles that guided its design and is built into its operating plan.” The Envirotron is unique. But it isn’t complete. Arkin said the scientists who planned it expect it to grow. “We expect it to accommodate the science necessary to attack more robust and more complex issues,” he said, “as we move down the path to research discovery.”last_img read more

01
Jan
2021

Representative Tony Klein Appointed as Chair of House Natural Resources and Energy Committee

first_imgRepresentative Robert Dostis has accepted a leadership position withGreen Mountain Power and stepped down from his position as Chairman ofthe House Natural Resources Committee. “An affordable and sustainableenergy future has been a top priority of the legislature andRepresentative Dostis’ leadership has helped move Vermont in thatdirection,” said Speaker Symington. She continued, “RepresentativeDostis’ skill of bringing legislators from all three political partiestogether to move legislation has been critical to our effort to create amore secure and affordable energy future for Vermonters.”Representative Dostis will remain as a regular member of the HouseNatural Resources and Energy Committee and the Joint Energy Committee.Representative Tony Klein has been appointed Chair of the House NaturalResources and Energy Committee for the 2008 interim. RepresentativeKlein will also assume the responsibility of serving on the specialcommittee ofthe Joint Fiscal Committee in the hiring of a consultant to serve thelegislature next year in matters dealing with the continued operation ofVermont Yankee and assume the position as vice-chair of the Joint EnergyCommittee. “I am confident that Representative Klein’s experience andknowledge of energy and environmental policy will serve him well in thisleadership position,” said Speaker Symington.last_img read more

19
Dec
2020

Board of Bar Examiners vacancy

first_img Board of Bar Examiners vacancy Florida Board of Bar Examiners Vacancy : Lawyer applicants are being sought to fill a vacancy on the Florida Board of Bar Examiners. The Board of Governors will be selecting three nominees for the lawyer vacancy at its December 16 meeting. The nominations will then be forwarded to the Supreme Court to fill the remainder of a five-year term commencing immediately and expiring on October 31, 2009.Attorney members must have been a member of The Florida Bar for at least five years. They must be practicing lawyers with scholarly attainments and have an affirmative interest in legal education and requirements for admission to the Bar. Appointment or election to the bench at any level of the court system will disqualify any applicant. Law professors or trustees are ineligible.Board members of the bar examiners must be able to attend approximately 10 meetings a year in various Florida locations. Members volunteer 300 or more hours per year on board business depending on committee assignments. Actual travel expenses connected with the meetings and examinations are reimbursed.Persons interested in applying for this vacancy may download the application from the Bar’s Web site at floridabar.org or should contact The Florida Bar at (850) 561-5600, ext. 5757, to obtain the proper application form. Applications may also be obtained by writing the Executive Director, The Florida Bar, 651 East Jefferson Street, Tallahassee, 32399-2300. Completed applications must be received no later than the close of business December 5. Resumes will not be accepted in lieu of the required application. The Board of Governors will review all applications and may request telephone or personal interviews. November 15, 2005 Regular News Board of Bar Examiners vacancylast_img read more

18
Nov
2020

CDC details problems at Texas A&M biodefense lab

first_imgSep 5, 2007 (CIDRAP News) – The US Centers for Disease Control and Prevention (CDC) yesterday released a lengthy list of safety violations it found in an investigation of a biodefense laboratory at Texas A&M University, where research on dangerous pathogens was suspended 2 months ago after problems came to light.On Jun 30 the CDC ordered the lab to stop all work on “select agents and toxins” while it investigated reports of lab workers infected with the category B bioterrorism agents Brucella and Coxiella burnetti. The new CDC report says the lab’s suspension will continue until the safety problems are corrected.News of the infected lab workers surfaced after the Sunshine Project, an Austin, Texas, nonprofit group that monitors biodefense research safety, learned of the incidents from documents it obtained through Freedom of Information Act requests. In February 2006 a lab worker was infected with Brucella while cleaning an aerosol chamber, but the school did not report the incident immediately to the CDC as required. Two months later, three other workers were exposed to C burnetti, which causes Q fever, but college administrators did not report the incident to the CDC.The university previously acknowledged that it should have reported the Brucella incident sooner but said the incidents did not pose a threat outside the lab. University officials also said they believed they were required to report only confirmed worker illnesses, not all exposures.In late July the CDC sent a team of 18 investigators to examine the lab, which is affiliated with the Foreign Animal and Zoonotic Disease Defense Center, a US Department of Homeland Security (DHS) “center of excellence” that focuses on the study of foot-and-mouth disease, avian influenza, and Rift Valley fever, according to the center’s Web site.A 21-page report on the CDC investigation was released to the Sunshine Project and the Dallas Morning News and posted yesterday on both organizations’ Web sites. Among other findings, the CDC team reported that:Some work, including experiments with Brucella, had not been approved by the CDC’s Division of Select Agents and Toxins (DSAT).Documentation of corrective actions taken after previous inspections was deficient.Biosafety manuals contained inadequate information on the risks posed by the agents or toxins under study or the research being performed on them.Individuals entered the labs without proper clearance and proper protective equipment.Personnel who worked with three Brucella organisms did not receive appropriate serologic testing.Inventory oversight for the select agents was inadequate; for example, three vials of a select agent used by one of the research groups were missing.An aerosol chamber used for animal studies opened directly into the research laboratory.Research animals were not disposed of properly.The lab’s security plan was not based on a site-specific risk assessment and did not properly address procedures for moving select agents between buildings.In at least seven instances, unapproved personnel had access to select agents.Records were not available on those who were approved and trained to perform select-agent work.Logs of people who accessed select agent labs were not kept properly, and the university’s list of lab workers did not match the names on file with DSAT.Protective clothing was worn outside the laboratory.The university said in August that the lab worker who was infected with Brucella wasn’t authorized to work with the agent and that the lab wasn’t cleared to perform experiments with the organism, the Associated Press (AP) reported yesterday.In a letter that accompanied the CDC report, Robbin Weyant, director of DSAT, told Texas A&M that the ban on work with select agents will remain until the university has addressed all of the issues identified during the probe. Investigators will return to the lab to ensure that problems have been corrected, Weyant wrote.The university has already started to correct deficiencies raised by the report, Weyant wrote, pledging that the DSAT will continue to provide technical assistance.Mike McKinney, chancellor of Texas A&M, told the Dallas Morning News yesterday that the report was clear about the actions the university needs to take. “We have to do a better job of documenting, of monitoring what we’re doing. We can’t always assume we’re doing what we’re supposed to do,” he said.It’s unclear if the US Department of Health and Human Services (HHS) will penalize the university or press criminal charges for not reporting the lab worker’s Brucella infection. News of any penalty, which could include fines or a suspension of funding, is expected in a separate report from the HHS inspector-general, the Morning News report said.Details of the infractions at the Texas lab come on the heels of recent news of two other lab accidents involving dangerous pathogens. In early August, British authorities said that a lab leak was the probable cause of a foot-and-mouth disease outbreak at cattle farms southwest of London. In mid August, a student received medical treatment for possible exposure after an anthrax spill in a University of Mississippi lab.Also in August, the US House Committee on Energy and Commerce announced plans for a hearing in early October on the risks associated with the nation’s growing number of labs that handle dangerous microbial agents.See also:Jul 3 CIDRAP News story “CDC suspends work at Texas A&M biodefense lab”National Center for Foreign Animal and Zoonotic Disease Defense sitehttp://fazd.tamu.edu/Aug 14 CIDRAP News story “Student treated after anthrax spill in Mississippi lab”last_img read more

18
Nov
2020

Croatia earns about 500 million euros from health tourism, while it has the potential for more than a billion

first_imgToday, a round table on the topic was held at HUP “Stimulation and development of the economy through the role of private health care in the Republic of Croatia” organized by HUP- Association of Private Polyclinics, Hospitals, Spas and Health Care Institutions. In front of the interested audience, along with other participants, Minister of Health Milan Kujundžić, Assistant Minister of Economy Zvonimir Hodak, President of the HUP Association of Private Polyclinics, Hospitals, Spas and Health Care Institutions and a member of the Board of the Special Hospital Sv. Katarina Jadranka Primorac, owner and founder of the Svjetlost Special Hospital Nikica Gabrić and Ognjen Bagatin from the Bagatin Polyclinic, discussed the possibilities of strengthening health care in Croatia, primarily the tourist offer through strengthening health tourism.Cappelli: Croatia earns about 500 million euros from health tourism, while it has the potential for more than a billion “One of the biggest challenges is to provide tourists with competitive tourism products based on new experiences and unique experiences – where health tourism is one of the most prominent tourism products with a long tradition and history in Europe and is therefore singled out in the Croatian Tourism Development Strategy until 2020. one of the ten key products on which the development of Croatian tourism will be built”, Said Minister Cappelli, noting that Croatia earns about 500 million euros from health tourism, while it has the potential for more than a billion a year, and that today 15 percent of all trips in the world are motivated by health reasons.”Given the aging trend of the population, but also the growing orientation towards ‘healthy living’ and health prevention, it is expected that health tourism will be one of the main motives for travel in the future.”, Said the Minister and stressed that the mandate of this Government for the first time regulated the legislative framework, through amendments to the Law on Tourism Services, the Law on Catering and the Law on Health Care, which allows catering, in addition to special hospitals and spas , and other health care institutions, companies registered to perform health care activities and health care workers who independently perform private practice, in accordance with special regulations governing health care. By the way, the mentioned Act came into force this Saturday.Photo: HUP”There are places for a private health care system in Croatia. The basis is to preserve public health, accessibility and quality of the public health system, but this does not mean that there is no space for private, especially with an emphasis on health tourism where there is space and untapped potential to be used.”Said Milan Kujundzic, Minister of Health. “While at the same time all patients spend up to 15% on public health insurance and use private health services, the question arises as to why there is no stronger synergy between the private and health systems. Private service for the state is the cheapest because it does not have to invest in equipment, staff or sick leave or anything else. We make a distinction between public and private in everything, and that needs to change, because the most important thing for the patient is to get an appropriate and quality service. It is necessary to continue to generate the involvement of the private sector in the health system. ”  said Jadranka Primorac, President of HUP – Association of Private Polyclinics, Hospitals, Spas and Health Care Institutions”Waiting lists are too long. Anything that waits longer than three months should be focused on private health care and will certainly reduce that burden on the public sector.”Said Nikica Gabrić, owner of the Svjetlost Special Hospital and added:”It is normal to expect a private investor to invest in projects so that he can use the profit later for the further development of his institution, and the current Law on Institutions does not allow that.””We lack speed, private healthcare is more agile and we need to work together. We need one person in the Government to start things up and give us open arms to start doing good things – this roundtable is therefore a call for help, we need you, but we need you to be faster. We can’t wait any longer, people are leaving us and they will leave more and more if some things don’t change. Great people are leaving us and we will soon become a country of average people, I do not want to live in such a country. ”Said Ognjen Bagatin, owner of the Bagatin Polyclinic”We need to enable private healthcare institutions to invest in their own development, the equipment they use is expensive and without proper investment they will not be competitive enough in a rapidly advancing market. Public institutions should be allowed to have access to EU funds and all other incentives that are currently unavailable to them, and they would certainly have a larger number of newly opened institutions and employed people who pay into the health system.”Said Davor Majetic, CEO of HUP”The question is why are we treated as second-class citizens and why can’t we buy the appliance we need like entrepreneurs in agriculture can? This is an entrepreneurial aspect where not all entrepreneurs in the country are treated equally.”Said Nikica Gabrić and added:”Doctors are leaving us because their salary is currently too low, and it is too low because of the high fees and contributions that entrepreneurs pay. It is necessary to reduce the wage burden as soon as possible in order to raise the salaries of these professionals and not to go to Austria and other countries.” “We are waiting for the issue to be resolved with the Law on Institutions so that private health care institutions can be fully included in the tourism sector. In the last two years, we have done what was expected of us as Ministries and it provides what healthcare currently allows us. ”  concluded Gary Cappeli, Minister of Tourism.RELATED NEWS:/ / / IT IS TIME FOR US TO START SERIOUS TOURISM SERIOUSLY AND STRATEGICALLY/ / / DR. MILJENKO BURA: WITHOUT QUALITY AND PRESENT HEALTH INFRASTRUCTURE WE CANNOT BUILD A YEAR-OLD TOURISM/ / / NEVENKA KOVAČ, SB MEDICO: WE HAVE A LOT OF STORIES ABOUT STRATEGIES AND POSSIBILITIES OF HEALTH TOURISM, AND TOO MUCH WORK IS IN THE FIELDlast_img read more

19
Oct
2020

Global recession risk spikes as world powers down, markets slump

first_imgInvestors are sounding the alarm that policy makers aren’t doing enough, with a deepening rout in global stocks and strains in credit markets compounding the concern over the economic outlook. Stocks were primed for more heavy losses in Asia on Friday after the worst Wall Street session since 1987.The virus “has disrupted the global economy and has quickly morphed into a dislocation in financial markets too,” Morgan Stanley economists led by Chetan Ahya said in a report to clients in which they warned of a “rising risk” of a full-blown global recession.“The need of the hour is a quick, sizeable response from public health, monetary and fiscal authorities,” they said.Read also: Time-out: IDX halts trading as shares plunge 5% Dashed are the hopes from just a few weeks ago that the world economy would track a V-shaped trajectory — a sharp first-quarter slump in growth followed by a second-quarter rebound. Now, the biggest economic shock since the 2008 financial crisis is raising the risk of a worldwide recession, with the debate shifting to how long and deep the slump will be.China is already on course for what could be its first quarterly contraction in decades. In the US, a Bloomberg Economics model suggests a 53 percent chance that the 11-year expansion will end within a year. The economies of Japan, Germany, France and Italy were already shrinking or stalled before the virus outbreak, and the UK is wobbling amid Brexit uncertainty.As the virus spreads, the threat grows of a phenomenon economists refer to as a feedback loop — a vicious cycle in which a country that starts to recover domestically then suffers diminished demand from abroad as other nations succumb, prolonging the downturn.At Pacific Investment Management Co., global chief economic adviser Joachim Fels says the US and Europe face the “distinct possibility” of a recession. Former US Treasury Secretary Larry Summers, a paid contributor to Bloomberg News, says the coronavirus may prove to be the most serious crisis of the century so far and puts the odds of a US recession at 80 percent.Traditionally more conservative in calling a recession, Wall Street economists are also downgrading their forecasts. Those at Bank of America Corp. on Wednesday cut their global growth forecast for 2020 from 2.8 percent to 2.2 percent. That’s “in spitting range of a typical global recession” and well below the world’s long-term trend of 3.5 percent, they said.Read also: Global stocks suffer historic rout, shrugging of central bank stepsCounterparts at JPMorgan Chase & Co. told clients this week that the risk of a global recession “has risen materially.” To revive their confidence, they said they need to see a fading of the virus, a stronger and more creative response by economic policy makers, and for firms and banks not to slash jobs or lending.They also argued that the tumble in the cost of oil may not necessarily boost growth as much as historically because consumers will pocket the windfall from cheaper fuel prices.Policy makers are already struggling to keep up, adding to concern that falling demand won’t be cushioned enough by stimulus.The Federal Reserve’s emergency interest rate cut of March 3 failed to buoy investor confidence, adding to pressure on its officials to ease monetary policy and perhaps even slash rates to zero when they reconvene next week if not sooner. There are also calls for it to follow the Bank of England in channeling assistance to parts of the economy in most need.European Central Bank President Christine Lagarde got her chance to act on Thursday after telling regional leaders earlier in the week that their economy risked a shock that echoed the crisis of the last decade if they didn’t urgently. The ECB announced what it called a “ comprehensive” package that included more quantitative easing and tools to increase liquidity, but disappointed investor calls for interest rates to be cut.The ECB already has negative rates so there’s little room to reduce them, a problem for Bank of Japan Governor Haruhiko Kuroda too.We’re all Japan now as virus drives low-rates world toward zeroThat leaves fiscal policy, which should be more potent than monetary policy because it can be targeted and delivered in size. But governments are again proving sluggish in getting ahead of the crisis with the majority waiting for their nations to become infected before shifting and then only slowly.While more governments are rolling out stimulus packages worldwide and are offering more than US$130 billion of virus-relief steps, Trump’s administration has been slow crafting a plan after initially questioning the need for one.German Chancellor Angela Merkel promised to do “whatever is necessary” on Wednesday. While the rhetoric has yet to be matched by a fiscal push in Europe’s largest economy, her administration is prepared to abandon its long-standing balanced-budget policy to help finance steps to contain the virus fallout.Read also: Europe grinds to halt as ECB is criticized for too little actionMuch of the economic data have yet to bear out the magnitude of the pain to the global economy. In some ways, though, the virus outbreak’s impact is more worrisome than even the financial crisis, given that it’s hitting a multitude of consumer and business channels and has crushed prospects for a full recovery in some sectors, said Taimur Baig, chief economist at DBS Bank in Singapore.“This is the opposite transition from the crisis propagation perspective — now we have the services sector basically coming to a standstill worldwide” while the financial system still is relatively healthy, said Baig, a former economist at the International Monetary Fund.While the crisis of 2008-09 was a “classic financial crisis,” this time, “it’s not about fixing banks or putting capital in there — it’s about saying the pandemic has ended. That’s what makes it very uncertain” as the virus has proved so hard to control, he said.Topics : A pandemic-driven global recession is becoming more likely by the day as the flow of goods, services and people face ever-increasing restrictions and financial markets slump.In just the past day or so, President Donald Trump curbed travel to the US from Europe, Italy’s government ordered almost every shop to close, India suspended most visas and Ireland partially shut down. Twitter Inc. joined companies telling employees to work at home and the National Basketball Association suspended its season.While such announcements are aimed at containing the coronavirus, each quarantined city, canceled flight, scrapped sporting event and scuppered conference will hammer demand this quarter and likely longer. An initial consumer rush to stock up on supplies may be followed by months of cautious restraint.last_img read more

18
Oct
2020

Manchester United ready to hijack Arsenal’s move for Dayot Upamecano

first_imgAdvertisement Manchester United ready to hijack Arsenal’s move for Dayot Upamecano Comment Dayot Upamecano has a release clause of £52.5m (Picture: Getty)Manchester United are keen on signing Red Bull Leipzig star Dayot Upamecano, with Ole Gunnar Solskjaer viewing the defender as a perfect partner for Harry Maguire.United spent £80m on Maguire last summer to make the England international the most expensive defender in history but Solskjaer wants a more physical defender next to him to provide more balance in his defence.Victor Lindelof has partnered Maguire for most of the campaign and though Solskjaer admires the Swede, it’s felt that as a pairing the duo are too similar.Eric Bailly would appear a better fit alongside Maguire but the Ivorian’s injury problems mean he cannot be relied on and Solskjaer doesn’t want to take unnecessary risks going into next season.ADVERTISEMENT Dayot Upamecano has attracted interest from across Europe (Picture: Getty)Upamecano, 21, has emerged as one of the finest defenders in Europe and he will be entering the final year of his deal this summer with the German club.AdvertisementAdvertisementArsenal had been leading the line of Premier League clubs for Upamecano’s signature but Sky Sports claim United have now joined the race.It’s claimed Manchester City are also interested and that Upamecano has a £52.5m release clause in his existing deal with Leipzig. Pep Guardiola wants to sign at least one defender this summer after failing to replace Vincent Kompany last summer.John Stones’ future is also up in the air, with Arsenal keen on signing the England ace.MORE: Mohamed Salah or Sadio Mane? Jamie Carragher picks his ‘favourite’ Liverpool star Metro Sport ReporterTuesday 14 Apr 2020 8:30 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link9.8kShares Advertisementlast_img read more