Posts belonging to Category Uncategorized



Biden elected president of the United States of America

Winning the elections in Pennsylvania, Biden  passed 270 seats for the nomination of the next US President.

Scientists identify prolific coronavirus strain

The new strain started in Spain and spread across Europe

 A coronavirus strain that emerged in Spain in June has spread across Europe and now makes up a large proportion of infections in several countries, researchers said, highlighting the role of travel in the pandemic and the need to track mutations. The variant, which has not been found to be inherently more dangerous, was first identified among farm workers in the eastern Spanish regions of Aragon and Catalonia.

Over the last two months, it has accounted for close to 90% of new infections in Spain, according to the research paper, authored by seven researchers with backing by Swiss and Spanish public-sector science institutions. It was posted on a so-called preprint server https://www.medrxiv.org/content/10.1101/2020.10.25.20219063v1.full.pdf and is yet to be peer reviewed for publication in a scientific journal.

https://sports.yahoo.com/

Green Hydrogen Prices Are Set To Drop By 50% During The Next Decades

Three renewable power generation technologies

Hydrogen, the most abundant element in the universe, has been stealing the spotlight from EVs and renewables lately. From a sort of boutique car fuel a couple of decades ago, hydrogen has evolved into one of the clean energy priorities for the future. And this future may be quite bright for it as prices for its production from renewable sources of energy are set to halve. A study commissioned by the International Council on Clean Transportation has found that the average price for a kilo of hydrogen produced through electrolysis using solar or wind power will fall by about 50 percent between 2020 and 2050 in the United States and Europe.

The stuffy examines three scenarios based on whether the electrolyzer—the installation that breaks down water into hydrogen and oxygen—is connected to the grid, to a renewable electricity generator, or is grid-connected but serves as a storage facility. It also looks into three renewable power generation technologies, including utility-scale solar, onshore wind, and offshore wind.

https://oilprice.com/

Trump threatens to ‘bring fairness to big tech’ with executive orders

“They should have done years ago”

President Donald Trump threatened to “bring fairness” to major technology companies through issuing executive orders on Wednesday, as the lawmakers were set to tangle with CEOs of four of the largest U.S. tech companies at a congressional hearing.

“If Congress doesn’t bring fairness to Big Tech, which they should have done years ago, I will do it myself with Executive Orders. In Washington, it has been ALL TALK and NO ACTION for years, and the people of our Country are sick and tired of it!” Trump wrote on Twitter, a social media company not represented at the hearing.

https://www.reuters.com/

Gold has now $2,000 in its sights

 U.S. currency sank at the lowest

Gold’s unrelenting march higher shows no signs of slowing after a plunge in the dollar swept prices past the previous high set in 2011 and put the metal on track for even bigger gains.

Bullion’s surge came as a gauge of the U.S. currency sank to the lowest in more than a year, the latest in a long line of bullish factors — including negative real rates in the U.S. and bets the Federal Reserve will keep policy accommodative when it meets this week — that are pushing prices ever higher. With the world facing an extended period of unprecedented economic and political turmoil, gold’s now got $2,000 in its sights. Some in the market suggest the haven could rise even beyond that.

https://www.bloomberg.com/

Flu virus with ‘pandemic potential’ found in China

The new strain of flu could mutate and can spread easily from person to person, and trigger a global outbreak

A new strain of flu that has the potential to become a pandemic has been identified in China by scientists. It emerged recently and is carried by pigs, but can infect humans, they say. The researchers are concerned that it could mutate further so that it can spread easily from person to person, and trigger a global outbreak. While it is not an immediate problem, they say, it has “all the hallmarks” of being highly adapted to infect humans and needs close monitoring.

As it’s new, people could have little or no immunity to the virus. The scientists write in the journal Proceedings of the National Academy of Sciences that measures to control the virus in pigs, and the close monitoring of swine industry workers, should be swiftly implemented.

https://www.bbc.com/

Wisconsin Supreme Court strikes down state’s stay-at-home order

Unmasked Wisconsinites crowd bars

The Wisconsin Supreme Court has overturned the state’s stay-at-home order, ruling it “unlawful” and “unenforceable” in a high-profile win for the state’s Republican-led Legislature. In a 4-3 decision Wednesday, the court ruled that Democratic Gov. Tony Evers’ administration overstepped its authority when the state Department of Health Services extended the order to May 26.

Legislature’s Republican leaders filed a lawsuit last month arguing the order would cost Wisconsin residents their jobs and hurt many companies, asserting that if it was left in place, “our State will be in shambles.”

The suit was filed specifically against state Department of Health Services Secretary-designee Andrea Palm and other health officials, who made the decision in mid-April to extend the state’s “Safer at Home” emergency order. At the same time as the extension, the state loosened some restrictions on certain businesses, including golf courses, public libraries, and arts and crafts stores.

The coronavirus outbreak may cease spontaneously soon

Will the Sars-CoV-2 (COVID-19)  follow the destiny of the Sars- Cov-1?

A French team in Marseille (France), led by the epidemiologist Professor Didier Raoult, reports that in the last 3 days the number of new patients cured at the local hospital has spontaneously fallen to 60/80 a day after a peak of 368 a few weeks ago. According to Professor Raoult, it is common when considering past viral respiratory outbreaks to record a seasonal behavior of the previous coronaviruses.

Professor Raoult says there is a good probability that the coronavirus Sars-CoV-2 (COVID-19) will follow the destiny of the Sars- Cov-1  that disappeared suddenly for ‘mysterious’ reasons’ in 2004.

If this scenario is confirmed, that is very good news for the global economy.

https://www.mediterranee-infection.com/

Immunity passports in UK

For people who have had the disease

The Government is considering introducing immunity passports, so those who have had coronavirus can get back to work.

Matt Hancock said he had a “very strong interest” in bringing in such a policy, after returning to work yesterday (Thursday) following his own spell of self-isolation with Covid-19.

However, the Health Secretary said that it was “too early in the science of immunity” to be able to bring in a comprehensive scheme.

https://www.telegraph.co.uk/

A cure to combat the coronavirus is working

1291 tested positive and cured in 5 days. One passed.

A French team in Marseille, led by the Professor Didier Raoult, has experimented a new method to save lives during the coronavirus outbreak. Anyone that presents himself at the hospital is tested to the COVID-19 and if positive, immediately get a cure during 5 days with a drug combo, hydroxychloriquine +/- azythromycine. After a week, 1291 patients were cured and one died. The test is going on.  A website is updating the counting every day with fresh results.

https://www.mediterranee-infection.com/covid-19/

France Experiments Anti-Malarial And Antibiotic Combo To Fight COVID-19

A new study whose results were published in the International Journal of Antimicrobial Agents has found early evidence that the combination of hydroxychloroquine, a popular anti-malaria drug known under the trade name Plaqenuil, and antibiotic azithromycin (aka Zithromax or Azithrocin) could be especially effective in treating the COVID-19 coronavirus and reducing the duration of the virus in patients.

The researchers performed a study on 30 confirmed COVID-19 patients, treating each with either hydroxychloroquine on its own, a combination of the medicine with the antibiotic, as well as a control group that received neither. The study was conducted after reports from treatment of Chinese patients indicated that this particular combo had efficacy in shortening the duration of infection in patients.

20 of the 30 participants in the study received treatment, and the results showed that while hydroxycholoroquine was effective on its own as a treatment, when combined with azithromycin it was even more effective, and by a significant margin.

 

Since yesterday, tests have been conducted on a large scale through Europe in the hope to validate the first results.

Source: https://techcrunch.com/

Deflation risks are going to be a concern in the aftermath of the virus outbreak

Singapore’s core prices fall instead of showing growth

 Singapore’s main price gauge slipped into deflation for the first time in over a decade in February, data showed on Monday, as the coronavirus pandemic drove declines in airfares and holiday expenses. Economists polled by Reuters had been expecting a 0.1% year- on-year rise in core inflation – the central bank’s favoured price measure.

But the downturn in prices in the services sector due to the outbreak led to a fall of 0.1% from a year earlier – the first deflationary print since January 2010. Singapore’s headline consumer price index rose 0.3% from a year earlier, slightly below poll expectations of 0.35%. On a month-on-month basis, headline inflation rose 0.1%, while core prices were down 0.1%.

Inflationary pressures are expected to remain subdued in the near term, Singapore’s trade ministry and central bank said in a joint statement, citing sharp falls in oil prices, weak labour market conditions and the coronavirus-driven global economic slowdown. The city-state – which has banned entry to travellers to try to limit imported virus cases which have risen sharply in recent days – said similar containment measures abroad could lead to upward price pressures on imported food.

https://www.nasdaq.com/

One trillion trees

World Economic Forum launches plan to help nature and the climate

The World Economic Forum has launched a global initiative to grow, restore and conserve 1 trillion trees around the world – in a bid to restore biodiversity and help fight climate change.

The 1t.org project aims to unite governments, non-governmental organisations, businesses and individuals in a “mass-scale nature restoration”.

The initiative received the support of US President Donald Trump. While a sceptic on climate change, Trump said he wanted to show “strong leadership in restoring, growing and better managing our trees and our forests”.

Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, said: “The next decade must see unprecedented levels of collaboration if we are to meet global climate, biodiversity and Sustainable Development Goals. 1t.org presents an important example of how stakeholders from all walks of life and all ages can work together to achieve a single, globally significant goal.”

https://www.weforum.org/

The bond market smells recession

Global stress rises

Compared to the free-swinging and sometimes emotional stock market, the bond market is supposed to be the sober and measured one. It’s getting more alarmed.

Bonds sounded their loudest warning bell yet of recession on Wednesday, when the yield on the 10-year Treasury briefly fell below the two-year yield. Such a thing is rare: Investors usually demand more in interest for tying up their money in longer-term debt. When yields get “inverted,” market watchers say a recession may be a year or two away.

An inverted yield curve has historically been a reliable, though not perfect, predictor of recession. Each of the last five recessions was preceded by the two- and 10-year Treasury yields inverting, according to Raymond James, taking an average of about 22 months for recession to hit. The last inversion of this part of the yield curve began in December 2005, two years before the Great Recession tore through the global economy.

https://www.apnews.com/

U.S. Proposes Barring Big Tech Companies From Offering Financial Services, Digital Currencies

Facebook would qualify to be such an entity

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after Facebook Inc’s (FB.O) proposed Libra digital coin aroused widespread objection, the bill proposes afine of $1 million per day for violation of such rules. Such a sweeping proposal would likely spark opposition from Republican members of the house who are keen on innovation, and would likely struggle to gather enough votes to passthe lower chamber. Even if it were to pass the full house, it would still have to pass the senate which would also likely be an uphill struggle. Nevertheless, the draft proposal sends a strong message to large tech firms increasingly eyeing the financial services space.

The draft legislation, “Keep Big Tech Out Of Finance Act”, describes a large technology firm as a company mainly offering an online platform servicewith at least $25 billion in annual revenue. “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” it proposes.

Facebook, which would qualify to be such an entity, said last month it wouldlaunch its global cryptocurrency in 2020.

Source: https://www.reuters.com/