Quarantine Journals - Latest news brief from grandpa
From: esmat salahat <e.salahat67@gmail.com>
Date: Mon, May 25, 2020 at 2:08 PM
Subject: The CDC started recently combining the results of two different types of tests!
To: Tania Cardenas <taniamc@gmail.com>, Brandon <bjsalahat@gmail.com>, Richard Cardenas <renuvian@gmail.com>
The CDC has been combining diagnostic test results, which show whether a patient currently has the virus, with antibody test results that measure whether someone has ever had the virus, the Atlantic magazine reported. The CDCconfirmed the report to MarketWatch.
"This is not merely a technical error," the Atlantic wrote. "States have set quantitative guidelines for reopening their economies based on these flawed data points."
The story cited Ashish Jha, the K. T. Li Professor of Global Health at Harvard and the director of the Harvard Global Health Institute, as saying the two tests provide totally different signals. By combining them, the agency has made both sets of results "uninterpretable."
"How could the CDC make that mistake?" he asked. "This is a mess."
Would this be, in principle, similar to what China did, false reporting, Criticized by the US!
There was an interview on TV with an employee, She was fired due to disagreeing with the method & tried to reported Accurate numbers.
Do not trust your government relating to COVID stats. Disgraceful.
Today, Saturday May 25th @ 2pm, US infections count is now running at 30.3% (1,653,900/5,462,500).
US COVID deaths, compared to COVID global deaths, is now @ 28.45% (98,000/344,500).
US death rate relative to US reported infections count is @ 5.93% (98,000/1,653,900).
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Fed's balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs
'The 1918 Spanish flu's second wave was even more devastating': Americans brace for another coronavirus outbreak in the fall
"We've seen evidence that the concerns Covid-19 would go south in the southern hemisphere like flu [are coming true], and you're seeing what's happening in Brazil now," Redfield told the U.K. paper, "and then when the southern hemisphere is over I suspect it will re-ground itself in the north."
"This simple respiratory viral pathogen has really brought my nation to its knees, and the reality is, it's no one particular person's fault," he added. (A Columbia University study released this week said up to 36,000 lives could have been saved had U.S. economy shut down even one week earlier.)
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for more than three decades, previously declared, "We will have coronavirus in the fall. I am convinced of that." He previously said the "ultimate game changer" will be a vaccine, but that could take 12 to 18 months.
"If we're not expecting a second wave or a mutation of this virus, then we have learned nothing," New York Gov. Andrew Cuomo added, calling it a "new normal" for public health in the U.S. "That is why it is such an important period for government."
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"We've seen evidence that the concerns Covid-19 would go south in the southern hemisphere like flu [are coming true], and you're seeing what's happening in Brazil now," Redfield told the U.K. paper, "and then when the southern hemisphere is over I suspect it will re-ground itself in the north."
"This simple respiratory viral pathogen has really brought my nation to its knees, and the reality is, it's no one particular person's fault," he added. (A Columbia University study released this week said up to 36,000 lives could have been saved had U.S. economy shut down even one week earlier.)
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for more than three decades, previously declared, "We will have coronavirus in the fall. I am convinced of that." He previously said the "ultimate game changer" will be a vaccine, but that could take 12 to 18 months.
"If we're not expecting a second wave or a mutation of this virus, then we have learned nothing," New York Gov. Andrew Cuomo added, calling it a "new normal" for public health in the U.S. "That is why it is such an important period for government."
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The World Health Organization said lessons could be learned from Sweden — now its daily deaths are soaring!
Sweden was seen as a model for countries tackling coronavirus without economic disruption
Highly rated U.S. companies are borrowing $1 trillion at a record clip.
BofA tracks $1 trillion of corporate credit rating downgrades too.
Out-of-whack stock and bond prices say something troubling about the coronavirus economy
Main Street is taking it on the chin, but Wall Street may wind up doing pretty well
Bill that could delist Chinese companies from U.S. stock exchanges passed.
Senators to propose sanctioning Chinese officials over Hong Kong security law
China firmly opposes latest U.S. sanctions against Chinese firms over Xinjiang
China's foreign ministry says it deplores and firmly opposes the latest U.S. sanctions against Chinese firms over Xinjiang, adding that it is purely China's internal affair.
China's foreign ministry spokesman Zhao Lijian made the comments Monday at a daily briefing.
The U.S. Commerce Department said Friday it is sanctioning nine Chinese companies and institutions saying they were "complicit in human rights violations and abuses committed in China's campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs" and others.
Fed's Powell says less-well-off Americans are bearing the brunt of the economic fallout from the coronavirus
The economic fallout from the coronavirus pandemic is falling on poorer Americans, Federal Reserve Chairman Jerome Powell said Thursday.
"We are in the midst of an economic downturn without modern precedent," Powell said, in remarks at the start of a central bank forum for voices outside of Wall Street called "Fed Listens."
The economic downturn was sudden and severe, erasing all the job gains of the past decade.
"And while the burden is widespread, it has not been evenly spread," Powell said.
"Those taking the brunt of the fallout are those least able to bear it."
The Fed chairman said earlier this month that the path ahead for the economy is highly uncertain and risky.
FTC warns another 50 companies over unsubstantiated claims for treatments for COVID-19
Facebook rallies toward longest win streak in 3 years
Day Trading Has Replaced Sports Betting as America's Pastime. It Can't Support the Stock Market Forever.
Explainer: How ending Hong Kong's 'special status' could affect U.S. companies
"Fear of Hong Kong fallout is once again hitting some big companies in London".
Airport travelers jump to 2-month high, but airline stocks fall
- In 2019, Memorial Day holiday, 3.25 million people took to the skies.
- Wall Street took this to mean a recovery has begun!
- Soon, Wall Street will begin to recommend airline stock, to cash in their positions, after buying enough at discounted prices!
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Xi says China could have set GDP growth goal around 6% had there been no coronavirus
- The Chinese government on Friday omitted a gross domestic product (GDP) growth target for 2020 in its yearly work report unveiled at the start of the annual meeting of parliament, citing uncertainties brought on by the epidemic. While US trump administration is predicting US economy to rocket like never before!, by end of this year!
- https://www.reuters.com/article/us-china-parliament-economy-xi/xi-says-china-could-have-set-gdp-growth-goal-around-6-had-there-been-no-coronavirus-idUSKBN2300EU
- In the first quarter, China's economy contracted for the first time in decades. Due to uncertainties cast by the global pandemic, China's communist leaders decided against setting a growth target.
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Warren Buffett (oracle of Omaha!) has lost at least $7 billion from his last 3 big investments.
U.S. gives AstraZeneca $1.2 billion to fund Oxford University coronavirus vaccine — America would get 300 million doses beginning in October
The U.S. has also supported vaccine efforts by Moderna, France's Sanofi, and Johnson & Johnson, as part of the Trump administration's "Operation Warp Speed" initiative.
AstraZeneca said it has now secured orders for 400 million doses and has the manufacturing capacity for 1 billion doses — the first of which could be delivered in September if the Oxford vaccine proves successful.
U.S. scientist says don't rely on a vaccine, job losses continue
William Haseltine, a scientist, biotech entrepreneur, and infectious disease expert, is chair and president of the global health think tank ACCESS Health International, and said the best way to manage the pandemic is through measures such as isolation, testing and contact tracing and observing social-distancing, face masks and frequent hand washing. Haseltine made the comments in a video interview with Reuters.
"Do not listen to the politicians who say we're going to have one by the time my re election comes around," he said. "Maybe we will (but) I'm just saying it's not a slam-dunk case by any means ... because every time people have tried to make a vaccine – for SARS or MERS – it hasn't actually protected."
His comments came as the director of the Centers for Disease Control and Prevention warned that the virus is likely to return in the fall and winter and may force a fresh round of lockdown measures
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U.S. state unemployment payments in April jump 5-fold from February
The U.S. Labor Department reported on Thursday another 2.4 million people filed for unemployment benefits for the first time last week, bringing total filings since mid-March to nearly 39 million.
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Jobless claims jump 2.4 million in mid-May — but the number is almost 1 million higher when federal filings are included
Since the coronavirus pandemic and lockdowns started in mid-March, some 35.5 million people have applied for jobless benefits through their states, based on actual or unadjusted totals.
Roughly 8.1 million new claims have been filed via a new federal program that has made self-employed workers and independent contractors such as writers or Uber drivers eligible for the first time ever.
Total new claims since mid-March: almost 44 million.
Not all of these people are receiving benefits, however. Some have had their applications rejected, while others found a new job and still others returned to work.
Continuing claims reported by the states, a close proxy for how many people are getting benefits, rose to an unadjusted 22.9 million from 20.9 million in the week ended May 9. These claims are reported with a one-week lag.
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In cash-rich Japan, a fifth of firms now see risk of insufficient capital
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Former IMF chief economist says Fed's bond-buying is 'smoke and mirrors,' doesn't solve U.S. debt problems
The Federal Reserve's massive bond buying to stabilize financial markets in the wake of the coronavirus pandemic does not change the fact that the U.S. still has to deal with a mountain of debt, warned former IMF chief economist Ken Rogoff.
Noting the Fed's willingness to expand its balance sheet has helped to convince market participants to keep buying U.S. Treasury debt as the fiscal deficit soars, Rogoff said the central bank's purchases did not change the overall stock of public debt.
"It's absolute smoke and mirrors. There's almost zero difference from the Fed buying long-term Treasury debt and having the Treasury issue short-term bonds," said Rogoff, in an interview. "I think people forget that the Treasury owns the Fed."
The Congressional Budget Office has estimated that the fiscal deficit will rise to about $3.7 trillion this fiscal year or about 18% of GDP (will end up higher than 18%). The federal debt held by the public is also seen rising to more than 100% of GDP from about 80% at the end of last fiscal year.
Investors were surprised by China projected fiscal deficit to reach 3.9% of GDP, above last year's 2.8%!
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