US posts strong jobs data but analysts say coronavirus means report ‘outdated before it came out’

first_img Share Richard Flynn, UK managing director at Charles Schwab, said: “While Tuesday’s rate cut may help to support some economic demand, much of it is unlikely to show up where spending has been cut the most – travel and entertainment – given the fears of contagion, and it is unlikely to have any impact on restoring disrupted supply chains.” Erik Norland, senior economist at CME said: “ February’s employment report was outdated before it came out. Normally, one looks to the employment report for an indication as to where US monetary policy might be going at the next meeting.  This time around markets already know where policy is going –or think that they do.” James Booth NEW YORK, NY – MARCH 05: Traders work the floor of the New York Stock Exchange (NYSE) on March 5, 2020 in New York City. After coronavirus infections rose steadily in the U.S. the DOW ends down over 950 points, nearly 3.6%. (Photo by David Dee Delgado/Getty Images) However, the dollar fell one per cent against a basket of currencies and markets continued to suffer. whatsapp Naeem Aslam, chief market analyst at Avatrade, said: “The US NFP number was decent but it failed to tame the turmoil in the equity markets and investors are not even remotely interested in riskier assets.” The US posted strong jobs data for February today but markets remained in the red on fears of the impact of coronavirus on the world economy. NEW YORK, NY – MARCH 05: Traders work the floor of the New York Stock Exchange (NYSE) on March 5, 2020 in New York City. After coronavirus infections rose steadily in the U.S. the DOW ends down over 950 points, nearly 3.6%. (Photo by David Dee Delgado/Getty Images) Also Read: US posts strong jobs data but analysts say coronavirus means report ‘outdated before it came out’ The US now has 233 confirmed coronavirus cases, according to John Hopkins University data. Friday 6 March 2020 2:42 pmcenter_img On Tuesday, the Fed made its first cut to interest rates outside of a regular meeting since the financial crisis, trimming rates by 50 basis points to a target range of one per cent to 1.25 per cent. whatsapp NEW YORK, NY – MARCH 05: Traders work the floor of the New York Stock Exchange (NYSE) on March 5, 2020 in New York City. After coronavirus infections rose steadily in the U.S. the DOW ends down over 950 points, nearly 3.6%. (Photo by David Dee Delgado/Getty Images) Also Read: US posts strong jobs data but analysts say coronavirus means report ‘outdated before it came out’ The S&P 500 was 2.91 per cent down at 2,935, the Dow was 2.89 per cent down at 25,366 and the Nasdaq Composite was trading three per cent down at 8.470. The numbers were well ahead of expectations and would normally be expected to lead to bullish sentiment on Wall Street. US posts strong jobs data but analysts say coronavirus means report ‘outdated before it came out’ “So it’s a mark of just how seriously marketwatchers are taking the coronavirus threat that this near perfect jobs report has left the dollar largely flat.” Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 per cent, the US Bureau of Labor Statistics said today. Ulas Akincilar, head of trading at the online trading platform, Infinox, said: “At any other time, such a barnstorming jobs report would have unleashed the bulls. Well over a quarter of a million jobs – more than 100,000 more than expected – were created in February. Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comlast_img read more

US House passes measure that means big cruise ships could be heading for Alaska later this summer

first_imgFederal Government | Southeast | TourismUS House passes measure that means big cruise ships could be heading for Alaska later this summerMay 20, 2021 by Eric Stone, KRBD – Ketchikan Share:The Norwegian Bliss is docked at Ketchikan’s Berth 3 on June 11, 2018. (Photo by Leila Kheiry/KRBD )Big cruise ships could be heading for Alaska later this summer.A federal bill that would allow foreign-flagged cruise ships to bypass Canada on their way to Alaska is headed to the president’s desk after unanimously passing the U.S. House of Representatives. That follows the U.S. Senate passing similar legislation earlier this month.The measure could allow Alaska port communities to receive large cruise ships later this year. But first it needs to be signed by President Biden.A 19th-century law known as the Passenger Vessel Services Act requires foreign-flagged cruise ships to make a stop in another country when traveling between domestic ports. But Canadian authorities have banned cruise ships through next February.The Alaska Tourism Restoration Act — which passed the Senate unanimously earlier this month — would deem cruises from Seattle to Alaska aboard larger ships as foreign voyages for the purposes of federal law.The measure is temporary — it would expire when Canada reopens its ports to cruise ships, or at the end of next February, whichever comes first.Along with news from the Centers for Disease Control and Prevention, which has pledged to allow cruises to resume by midsummer, the waiver of federal maritime law is a step towards salvaging at least part of the 2021 Alaska season. Norwegian Cruise Line has resumed selling Alaska cruises on its website, with the first departure listed for August.Some smaller, U.S.-flagged cruise ships have already resumed sailing into Alaska ports. These vessels generally carry around fewer than 100 passengers — a fraction of the capacity of the largest cruise ships — and were unaffected by Canada’s port restrictions.This is a developing story and will be updated when more information is available.Share this story:last_img read more

Disneyland Officially Announces Its Parks Will Reopen on April 30

first_imgBusiness & Real EstateHealthDisneyland Officially Announces Its Parks Will Reopen on April 30Local attractions including Disneyland got the OK to open April 1, but most will need a little extra timeBy Chris Nichols – March 17, 2021256ShareEmailFacebookTwitterPinterestReddItUPDATE MARCH 17, 2021 — On Wednesday, Disneyland president Ken Potrock officially announced in a news release that both Disneyland and California Adventure will be reopening to an eager public on April 30 after a yearlong pandemic closure.“The day all of us have long been waiting for is almost here,” he said. “We’re excited to have more than 10,000 cast members returning to work as we get ready to welcome our guests back to this happy place.”CEO Bob Chapek also commented on the reopening on CNBC on Wednesday morning, saying, “I think as people become vaccinated, they become a little bit more confident in the fact that they can travel, and, you know, stay COVID-free. Consumers trust Disney to do the right thing and we’ve certainly proven that we can [open] responsibly whether it’s temperature checks, masks, social distancing, [or] improved hygiene around the parks.”At least at first, the parks will operate at a dramatically reduced capacity, around 15 percent, in line with California’s current COVID guidance. Only California residents will be able to buy tickets initially, and the park will be instituting a new “theme park reservation system” to make sure it keeps to capacity limits.It’ll be a different experience in other ways too. In January, the park announced it was doing away with its annual passholder program, devastating frequent visitors. “I would go two or three times a week,” passholder Ginger Leigh-Lanny Duncan told Los Angeles at the time of the announcement. “I’m still in denial and that speaks volumes about how much it affects me. It breaks my heart that I won’t be able to go down and check on things that have always been there.”MARCH 16, 2021 — Governor Gavin Newsom announced that theme parks could reopen as early as April 1, but after the yearlong closure things might not move so quickly. Disneyland has indicated that reopening might happen closer to May 1. And Knott’s Berry Farm officially announced a plan to reopen in May, once 1,700 workers have been rehired.Over the weekend Los Angeles and Orange County COVID cases were down and both moved into the less restrictive Red Tier, which would allow the parks to open at 15 percent capacity. When the Orange Tier is reached, the parks will be able to operate at 25 percent capacity, helping the park’s bottom lines and allowing for thousands of workers to be rehired. Disneyland will initially rehire 10,000 cast members of 30,000-plus, according to the Disney blog Mice Age. A tier must remain in place for three weeks before it is reassessed.When the milestone of one year without patrons passed on Monday, it meant that ride operators’ annual certifications expired. Once those ride operators return, annual inspections and safety training will need to be completed before Dumbo the elephant can again take to the Anaheim skies. Members of Disneyland’s kitchen and custodial staff are being brought back in limited numbers to deep clean the kitchens, order food, and prepare new ways to serve smaller crowds.Theme Park Insider editor Robert Niles has predicted that Six Flags Magic Mountain could be the first of the local parks to relaunch once they have the OK. “The park’s drive-in car show ends this weekend, so it’s the one park that I see as being good to go for ride operations on April 1,” he writes in a March 13 post. “That’s a Thursday, so maybe the park waits until the next day to reopen, but I can’t see Six Flags leaving money on the table by delaying its reopening longer than it legally must.” He adds that Magic Mountain and other parks will likely return with some rides still closed.In the meantime, Disney California Adventure, Knott’s Berry Farm, and Universal have all been running food and drink experiences to keep patrons in the parks while still maintaining COVID protocols. The Taste of Boysenberry Festival will run at Knott’s until May 2, Universal opened the Harry Potter and Simpsons areas for Taste of Universal last Friday, and Disney California Adventure launches Touch of Disney on Thursday with temperature screenings, barriers to enforce distancing, and carrot cake funnel fries.Stay on top of the latest in L.A. food and culture. Sign up for our newsletters today. TAGSCOVID-19DisneylandCoronavirusKnott’s Berry FarmSix Flags Magic MountainAmusement parksPrevious articleMorning Brief: L.A. Sets Out to Close Its Gender Pay and Talent GapsNext articleA Not-Corny St. Patrick’s Day Playlist Straight Out of IrelandChris Nichols RELATED ARTICLESMORE FROM AUTHORL.A. Restaurants Are Dealing with a Major Labor Shortage—What’s the Issue?Disneyland Cleansed Its Problematic Past—and Flung Itself Into the Culture WarsHow Real Is the Threat of an Eviction Crisis in L.A. County?last_img read more

Merlin Entertainments will open the first Legoland theme park in South Korea in 2017

first_img Merlin Entertainments will open the first Legoland theme park in South Korea in 2017 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Friday 28 November 2014 4:44 am Merlin Entertainments, owner of Alton Towers and Madame Tussauds, has announced that it will be building a £172m Legoland theme park in South Korea.The company, which floated last year, said it will be funding just under a third of the project. The rest will be paid for by a property company that’s owned by a consortium of local public and private investors. The park, which will open in 2017, is going to be built on the island of Jung-do in Chuncheon, which is about an hour outside the capital city of Seoul. It will be looking to benefit from the country’s well-developed theme park market and the fact that it is one of the largest Asian markets for Lego toy sales.Nick Varney, Merlin Entertainments chief executive officer said:I am delighted to be able to announce another Asian Legoland Park project.South Korea offers both a developed theme park market and strong LEGO brand recognition.In addition, the city of Chuncheon provides the ideal location, with great transport links and a picturesque island setting.The move will help continue the company’s expansion into the Asian market. Earlier this year, it announced plans to build the first Legoland theme park in Japan, which is due to open in 2017.Merlin runs six Legolands in five countries, and also has plans to open in Dubai in 2016. Jessica Morris whatsapp Show Comments ▼ whatsapp Share Tags: Company Merlin Entertainmentslast_img read more

OECD: The more immigrants there are in an area, the better integrated they are

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Funzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health Dave OECD: The more immigrants there are in an area, the better integrated they are Thursday 2 July 2015 11:29 am whatsapp Share Clara Guibourg As the UK prepares to vote over its membership of the European Union, immigration has become an increasingly potent issue.Read more: Ukip mapped: Nigel Farage most popular in areas with the fewest immigrants But although polls have shown migration to be one of voters’ main concerns, an OECD report on migration published today suggests that although immigration poses its challenges, integration isn’t necessarily one of the most important: in fact, it seems more migrants translate into better integration.If anything, countries that are home to high proportions of immigrants tend to have better integration outcomes.Attitudes towards immigration are also overwhelmingly negative in the UK, with 77 per cent of voters wanting to cut immigration, although this may have something to do with the fact that we also tend to overestimate the percentage of immigrants. A poll from Ipsos Mori showed the public believes roughly a third of the population are immigrants. The real figure hovers around 13 per cent.Authors of the OECD report pointed out that successfully integrating immigrants into the labour market and society as a whole isn’t just important for social cohesion, but for boosting economic growth.Statistics and myths about the economic consequences of immigration abound. 31% of Britons believe that immigrants are a drain on public resources, but there is little research to support this. In fact, the report published today showed two in three immigrants in OECD countries are employed, which is one percentage point higher than native-born.Many preconceptions shape public perceptions of immigrants. It is therefore crucial to provide policy makers and the public with solid facts and figures. Show Comments ▼ Tags: UK immigrationlast_img read more

News / Economics can be ‘just a detail’ when Japanese firms pull the M&A trigger

first_img Japanese firms rarely show financial discipline in mergers and acquisitions (M&A). When they have plenty of cash on their books, they tend to spend it; when they are short of cash, they can either borrow at dirt-cheap rates or raise equity to fund their plans.Their methodical, almost scientific, approach to business, which provides the ethos for efficient supply chain management, makes up for the high equity premiums they usually pay in M&A.Cheap debt and easy access to alternative kinds of capital were not the only reasons behind the deal that puts Japan’s Kintetsu World Express (KWE) on the verge of owning APL Logistics.Once a valuable asset of Singapore’s NOL, APLL was sold to KWE for $1.2bn in February, since the seller needed funds to fix its debt-laden balance sheet. It’s tempting to argue that the economic merits should have played an important role in the KWE/APLL tie-up, but the air freight forwarder is no different from any other Japanese buyer seeking fortunes abroad.“Economics” can become just a little detail in M&A when Japanese firms decide to pull the M&A trigger, which is nothing unusual for those familiar with Japanese management.StrategyWhen KWE announced the purchase of APLL it said that it considered the “establishment of a management base that can compete on a par with European and US competitors in the global market” as part of its medium-term management plan. More action would likely ensue abroad, as domestic consolidation among the three largest players wouldn’t make much sense.KWE is paying top dollar to grow abroad because its mature domestic market offers fewer opportunities – although it still represents almost 40% of revenue, prior to the consolidation of APLL.“They are Japanese: they can borrow at nothing, they have an overseas earnings stream against a depreciating yen and a stagnant home market,” a senior consultant for a US hedge fund on its Japan book told me this week.“They don’t care about cost of capital – trust me, virtually nobody in Japanese management pays much attention to that,” he added. “If they write the cost of capital down to zero, so what? They can go back and ask shareholders to bail them out.”A second banker based in Tokyo pointed out: “Probably nobody would care about WACC [weighted average cost of capital] and net returns if they had lived in Japan over the last 30 years,” arguing in favour of “corporate management in a country where deflationary concerns have dominated since the 90s”.On the face of it, KWE is a well-managed, solid entity, but its eagerness to pay up in deal-making, if anything, testifies to a great opportunity for sellers to ask for a premium valuation, just as NOL did with APLL.In December, The Loadstar posted a possible valuation of APLL and pointed out that it was on track to deliver in all its core markets – Asia, the Middle East, Americas and Europe.Steady operating margins to the end of the year meant annual trailing Ebitda of about $80m (up from $76m in 2013), which was in line with our expectations and implies a take-out multiple of 15x for APLL, assuming zero debts. That’s a 36% premium over KWE’s own valuation, based on KWE’s trailing Ebitda.M&AWhile focus is on outbound M&A in Japan, another question is whether Japan, after the depreciation of the yen, has become a more attractive location for inbound M&A, offering an opportunity for foreign investors to site production facilities.“That’s attractive on paper, but doesn’t look feasible in reality and on a significant scale, and also hinges on the sector in question,” the Tokyo-based banker argued.Some investors “have thought about it: the labour force is actually cheap, and employees work hard”, my first source noted, although the issue is “more red tape and cultural hurdles, both of which are substantial issues.”That said, for “hi-tech precision manufacturers it probably makes some sense”, he concluded.Japanese logistics companies have traditionally built their business on serving Japanese exporters, which has obviously meant stagnation in the last decade, excluding some rare cases such as the automotive industry, where the main players are trying to move with carmakers to break into new markets.Risk will likely be contained – last year, some “¥2bn of payments for US antitrust matter was recorded in the fourth quarter”, KWE reported in its financial results, which is small change, really. Furthermore, consider that when the losses mount and capital structures are stretched, Japanese companies are pretty damn good at finding alternative solutions, which in some cases may jeopardise shareholder value.It’s hard to say whether Japanese buyers will soon make another move, even though another such large deal such as Japan Post’s $5.1bn takeover of Australia’s Toll Group was also announced in February.But if M&A is the path forward, South-east Asia and Africa may be their preferred destinations, my sources agreed, with one caveat called “PMI”, or post-merger integration – which is well known in Japanese boards. By Alessandro Pasetti 18/05/2015last_img read more

Pharmalot, Pharmalittle: J&J to pay $72m in damages, Valeant may restate financial results

first_img Alex Hogan/STAT Seven big drug makers — including Pfizer, Eli Lilly, AbbVie, and AstraZeneca — joined a consortium to streamline and accelerate the development of new treatments for Parkinson’s disease, Pharma Times says.An experimental drug-infused ring that is inserted in the vagina once a month cut the risk of HIV infection by more than half among women who used the device consistently, Reuters reports, citing a new study.The vaccine to combat human papillomavirus, or HPV, has reduced the prevalence in teenage girls by almost two-thirds, The New York Times writes, citing new research.An ibuprofen patch capable of delivering the medicine through the skin to the site of pain, and at a consistent dose for up to 24 hours, has been developed by UK researchers, Reuters says.The UK’s National Institute for Health and Care Excellence issued final guidelines recommending Bristol-Myers Squibb’s Opdivo as a monotherapy for adult patients with advanced melanoma, Pharma Times reports. PharmalotPharmalot, Pharmalittle: J&J to pay $72m in damages, Valeant may restate financial results @Pharmalot Ed Silverman [email protected] Good morning, everyone, and how are you today? We are just fine, thank you. Although gray skies are enveloping the Pharmalot campus, our spirits remain sunny. After all, as the Morning Mayor taught us: “Every brand new day should be unwrapped like a precious gift.” So go ahead and tug on the ribbon. While you do, we will indulge with another cup of needed stimulation. Meanwhile, here are some items of interest. Hope your day goes well …Valeant Pharmaceuticals will probably need to restate some of its earlier financial results based on an internal investigation, The Wall Street Journal reports. The potential revisions concern revenue recorded when medicines were shipped to Philidor Rx Services, a mail-order pharmacy during late 2014 and early 2015. The drug maker believes about $58 million of revenue recognized in late 2014 should have instead been booked in 2015. ​Johnson & Johnson must pay $72 million in damages to the family of a woman who blamed her fatal ovarian cancer on talcum powder sold by the health care giant, Bloomberg News reports. This was the first state-court case to go to trial over claims that the company knew decades ago that its talc-based products could cause cancer, but, nonetheless, failed to warn consumers.advertisementcenter_img About the Author Reprints By Ed Silverman Feb. 23, 2016 Reprints More than two dozen state and city health directors filed a petition with the Food and Drug Administration to label prescription painkillers and sedatives with a black box warning because the combination of the drugs can cause fatal overdoses, STAT tells us. The move comes amid mounting concerns over growing painkiller abuse, which the Centers for Disease Control has called an epidemic.The US Senate voted overwhelmingly to end debate on whether to confirm Dr. Robert Califf as the next FDA commissioner, setting up a final confirmation vote most likely later this week, BioCentury tells us.advertisement Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Tags cancerFDAJohnson & JohnsonlegalpharmaceuticalspolicyValeant Pharmaceuticalslast_img read more

Watchdog says EPA delayed Flint emergency order

first_img The Flint Water Plant water tower is seen in Flint, Mich. The inspector general for the EPA says the agency delayed issuing an emergency order to protect Flint residents from lead-contaminated water. Carlos Osorio/AP WASHINGTON — The Environmental Protection Agency had sufficient authority and information to issue an emergency order to protect residents of Flint, Mich., from lead-contaminated water as early as June 2015 — seven months before it declared an emergency, the EPA’s inspector general said Thursday.The Flint crisis should have generated “a greater sense of urgency” at the agency to “intervene when the safety of drinking water is compromised,” Inspector General Arthur Elkins said in an interim report.Flint’s drinking water became tainted when the city began drawing from the Flint River in April 2014 to save money. The impoverished city of 100,000 north of Detroit was under state control at the time. Regulators failed to ensure water was treated properly and lead from aging pipes leached into the water supply.advertisement Watchdog says EPA delayed Flint emergency order A panel appointed by Michigan Governor Rick Snyder concluded that the state is “fundamentally accountable” for the lead crisis because of decisions made by state environmental regulators and state-appointed emergency managers who controlled the city.advertisement About the Author Reprints Federal, state, and local officials have argued over who’s to blame as the crisis continues to force residents to drink bottled or filtered water. Doctors have detected elevated levels of lead in hundreds of children. Uncertainty haunts parents of Flint, as every rash, every tantrum raises alarms Related:center_img New CDC data reveal scope of the Flint water crisis The director of the EPA’s Midwest regional office stepped down Feb. 1 amid withering criticism that the agency failed to act sooner to address lead contamination in the predominantly African-American city.The official, Susan Hedman, denied wrongdoing, but said she was leaving to avoid becoming a distraction.In a memo from June 2015, Miguel Del Toral, a scientist in the EPA’s Midwest office, had warned of dangerously high levels of lead. He later criticized the agency for not taking swift action.Representative Jason Chaffetz, R-Utah, chairman of the House Oversight and Government Reform Committee, said Hedman “dismissed” Del Toral’s warnings without good cause.“You screwed up and you ruined people’s lives,” Chaffetz told Hedman at a March 15 hearing.— Matthew Daly By Associated Press Oct. 20, 2016 Reprints Associated Press Even so, Snyder and other Republicans have faulted the EPA for a slow response.At a congressional hearing this past spring, Snyder blamed career bureaucrats in Washington and Michigan for the crisis, while apologizing for not acting sooner to resolve it.The report by the inspector general says officials at the EPA’s Midwest region did not issue an emergency order because they concluded that actions taken by the state prevented the EPA from doing so. The report calls that interpretation incorrect and says that under federal law, when state actions are deemed insufficient, “the EPA can and should proceed with an (emergency) order” aimed at “protecting the public in a timely manner.”Without EPA intervention, “the conditions in Flint persisted, and the state continued to delay taking action to require corrosion control or provide alternative drinking water supplies,” the report said.Michigan officials declared a public health emergency in October 2015; the EPA declared an emergency three months later.EPA Administrator Gina McCarthy has acknowledged that her agency should have been more aggressive in testing the water and requiring changes, but said officials “couldn’t get a straight answer” from the state about what was being done in Flint. McCarthy has refused requests by GOP lawmakers to apologize.“It was not the EPA at the helm when this happened,” she said. Related:last_img read more

New risk calculator could change the aspirin, statins, and blood pressure medications some people take

first_img What’s included? GET STARTED New risk calculator could change the aspirin, statins, and blood pressure medications some people take By Elizabeth Cooney June 4, 2018 Reprints General Assignment Reporter Liz focuses on cancer, biomedical engineering, and how patients feel the effects of Covid-19. Elizabeth Cooney What is it? Health @cooney_liz About the Author Reprintscenter_img APStock More than 11 million people may need to reconsider taking medications to avoid heart attack and stroke, according to new research that says current guidelines overestimate risk for some people, but underestimate risk for others, especially African-Americans.Right now, doctors can consult a calculator found online or in electronic health records to decide whether patients might benefit from aspirin, statins, or blood pressure medications. Those estimates of 10-year risk for cardiovascular disease were derived in 2013 and endorsed by the American College of Cardiology and the American Heart Association. They were based on statistical analyses that combined data from large studies such as the original Framingham Heart Study, whose participants were 30 to 62 years old in 1948. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Log In | Learn More [email protected] Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Tags cardiologypatientslast_img read more

Lee Health treating 82 COVID-19 patients in their hospitals

first_imgHealth Matters: Helping Children with Chest Wall Malformation June 13, 2021 Health Matters: Scoliosis Treatment for Children June 13, 2021 AdvertisementTags: Covid daily totalsCovid-19Lee Health Lee Health saw a 6% drop in ICU bed availability RELATEDTOPICS Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 AdvertisementLee Health is currently at 93% bed capacity with 6% of those being COVID-19 patients. FORT MYER, Fla.– Lee Heath is currently treating 82 isolated COVID-19 patients in their hospitals. As of Tuesday, 8 new COVID patients were admitted and 8 were discharged. A total of 5,166 COVID-19 patients have been discharged since the beginning of the pandemic.Lee Health reported a 9.5% positivity rate on the COVID-19 tests processed in their labs. Seventy-four percent of ventilators and 12% of ICU rooms are available for use. Seven COVID patients are on ventilators as well as in the intensive care unit. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement Health Matters: A Partnership in Medical Care June 13, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more