IEA: Pandemic likely to push global energy investment down by $400 billion in 2020

first_imgIEA: Pandemic likely to push global energy investment down by $400 billion in 2020 FacebookTwitterLinkedInEmailPrint分享Reuters:Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic.At the start of the year, global energy investment was on track for a 2% increase in 2020, its biggest growth in six years, the IEA said. A total of $1.8 trillion was invested in the sector in 2019.“The historic plunge in global energy investment is deeply troubling for many reasons,” said Fatih Birol, the IEA’s Executive Director. “It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers,” he said, adding that it could hurt the move towards cleaner energies.Global energy companies have cut investments and shelved projects to shore up their finances due to the crisis. The IEA said higher debts after the crisis will pose lasting risks to investments.Investment in oil and gas is expected to fall by almost one-third. The IEA said if investment in oil stays at 2020 levels, it would reduce the level of global supply in 2025 by almost 9 million barrels a day, a clear risk of tighter markets if demand moves back to pre-crisis levels.[Bate Felix]More: Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEAlast_img read more

Credit unions crucial to economy & consumers, White House advisor says

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr CUs play a key role in ‘Middle Class Economics’by: Tom SakashPresident Barack Obama understands the critical role credit unions play in the broader U.S. economy, Jason Furman, chair of the council of economic advisers at the White House, told GAC attendees Tuesday.“We know that you provide better pricing and higher-quality service for [your more than] 100 million members than many of the alternatives,” Furman said. “We also know that because of your strong [community] ties, your loan performance often holds up better than many of your competitors. That’s good for your members, your communities and, from my perspective, for the overall economy.”The credit union movement celebrated the 100 million memberships milestone in September. Since then, memberships have climbed to 102.3 million, CUNA reports.Furman also said the administration acknowledges that ongoing financial reform has affected credit unions, and that he and the president are aware of CUNA’s ongoing legislative and regulatory proposals to address reform. continue reading »last_img read more

Are you at risk for person-to-person bill pay fraud?

first_imgFinancial institution employees and accountholders should be extra cautious of the increase in transaction risk especially when someone signs into online banking and creates a P2P bill pay type of transaction. Adopt fraud monitoring tools to help identify account takeovers where the fraudster has your consumers banking credentials due to phishing, malware or keylogging.What is P2P Bill Pay Fraud?This scam uses an ACH credit to do a Person-to-Person (also known as P2P) transfer using bill pay versus online banking. Fraudsters generate ACH credit from your accountholder’s account to another person’s account at another financial institution using bill pay. This fraud occurs when missing or weak authentication layers are setup on P2P bill payment authorizations (namely those involving ACH credits). To prevent this crime, financial institutions should make sure deposits of any kind, especially those in the online or mobile environment, are properly authenticated prior to the releasing the funds. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Pandemic preparedness road show begins in Minnesota

first_imgDec 14, 2005 (CIDRAP News) – National health officials came to Minnesota today to launch what was billed as the first of 50 state pandemic influenza planning meetings around the nation, emphasizing the key roles of state and local governments as partners with the federal government.The general theme of the half-day conference was that much, if not most, of the real work of preparing for a pandemic must be done at the local and state levels.An audience that nearly packed the auditorium at the Minnesota History Center in St. Paul heard that pandemic preparedness consists of much more than a plan on paper or an intention to stockpile antiviral drugs.”Hope is not a plan,” said Minnesota Gov. Tim Pawlenty.Health and Human Services (HHS) Secretary Michael O. Leavitt said, “A plan represents our aspiration; being prepared is what we’ve demonstrated in the context of an exercise.”Accordingly, he said HHS and Minnesota officials will conduct a joint tabletop pandemic preparedness exercise sometime in the next 6 months.State and local health officials made clear the need for preparations. In a pandemic, 260,000 people in the Twin Cities might be sick at the same time, and 10,000 may need to be hospitalized—far more than the area’s current surge capacity of 2,500 to 3,500 hospital beds, said Mark Lappe, metropolitan regional hospital resources coordinator.Federal officials came to listenLeavitt highlighted the mission of this and subsequent state-level meetings with three points: pandemics happen; they are difficult to discuss and anticipate; and the federal officials didn’t come to Minnesota to “impose” their ideas.”Any state, any community, or for that matter any citizen that failed to prepare, assuming the federal government will take care of them in a pandemic, they’re wrong,” Leavitt said.Leavitt tailored his presentation to Minnesota. He described historical accounts of the 1918 pandemic in his childhood home of Cedar City, Utah, as well as the spread of pandemic flu in Minnesota, where, he said, the virus sickened more than 75,000 people and killed nearly 12,000.”There is no rational reason to believe that things will be biologically different today than they were in 1918,” he said. It’s important for states to contemplate the cascading consequences of pandemic response now: for example, school closures will affect workplaces, movement restrictions will affect trade, and shortages of supplies will mean setting priorities.The federal government’s preparations and funding are a step toward the federal fulfillment of its role, Leavitt said. In 5 years, the nation could have new cell-based flu vaccines, end shortages of annual flu vaccine, and develop stockpiles of other medications and supplies.But he said the federal government cannot handle a flu pandemic alone. He illustrated his point with a computer model of a pandemic beginning in Thailand. The model showed it would spread to the United States in 30 days and become widespread in the country over 6 weeks.”A pandemic could be unfolding in every community in a nation, simultaneously. . . . We would likely be managing it on not just hundreds but thousands of fronts at the same time,” Leavitt said. “A response to a pandemic absolutely must be at a state and local level.”DHS emphasizes partnershipsJeff Runge, MD, chief medical officer for the US Department of Homeland Security (DHS), likened pandemic initiatives to increasing seatbelt use and decreasing drunk driving–federal efforts that succeeded only because of effective local actions.He also emphasized the role of partnerships among federal agencies and between federal, state, and local agencies.”It will take Homeland Security and public health working together as one” to respond effectively, Runge said. He likened the partnership to a three-legged race, in which agencies link up and develop the proper pace to cross the finish line.Runge also emphasized the importance of developing relationships now. “As we learned from Hurricane Katrina, catastrophic planning cannot take place in the midst of a disaster,” he said. He urged local and state officials to collaborate with DHS’s office of state and local government coordination.Minnesota Gov. Pawlenty said today’s event was an opportunity to “bring our best together to prepare for the worst.” He added that the invitees included representatives from faith and tribal communities, poultry growers, and others, while emphasizing the importance of nongovernmental preparations as well.”Dealing with a pandemic means every institution in society has a role to play,” Pawlenty said. “This is not just the government’s responsibility alone.”Julie Gerberding, MD, director of the Centers for Disease Control and Prevention (CDC), described the threat posed by the H5N1 avian flu virus, now widespread in Asia. The virus has infected 138 people and killed 71 but has not found a way to spread easily from person to person. The virus’s acquisition of that ability would probably bring a pandemic.If that event happens in a relatively isolated rural area, Gerberding said, “There is a good chance that we could quench it.” But if it happens in an urban area, containment won’t be possible, she predicted.Vaccine and antiviral suppliesGerberding sketched HHS’s preparations involving vaccines and antiviral drugs. The goal is to amass enough of the prototype H5N1 vaccine to protect 20 million people—a tall order, given that it takes a much bigger dose of this vaccine than of ordinary flu vaccine to provide protection.HHS hopes to acquire 81 million treatment courses of antiviral drugs, mainly Tamiflu (oseltamivir), but has only about 4.3 million courses on hand now, Gerberding said.Later, Leavitt cautioned people not to pin too much hope on antivirals. “People have begun to equate preparedness with antivirals, and that’s a misnomer,” he said. “It’s not a certainty that Tamiflu or any antiviral will be a cure or be the key to prevention. . . . It’ll shorten the symptoms, but it’s not a solution.”He explained that HHS intends to allocate 50 million of the projected 81 million courses of antivirals to the states. A small part of the remainder (previously listed as 6 million doses) will be kept as an emergency reserve to keep the government running. The rest (pegged at 25 million courses) will be distributed to states that are willing to pay 75% of the cost.”If Minnesota decided its share [of the 50 million courses] wasn’t enough, we would be prepared to help them buy more antivirals and to subsidize it to the tune of 25%,” Leavitt explained.In a backgrounder on avian flu viruses, John Clifford, DVM, of the US Department of Agriculture (USDA) explained that not all H5N1 viruses are to be feared. “Every H5N1 virus is not the same,” he said. “There’s an H5N1 virus in North America that’s low-pathogenic and that’s not the same as H5N1 in Asia.” The H and the N refer to just two of the flu virus’s eight genes, he said.If the dangerous H5N1 virus in Asia is going to reach North America, it will most likely travel in birds following the Alaska flyway, said Clifford, chief veterinarian for the USDA’s Animal and Plant Health Inspection Service.Wildlife officials have taken 12,000 samples from birds in Alaska in the past 7 years and have not seen the virus, Clifford said. Birds using the Atlantic flyway are also being tested, he added.If the Asian strain of H5N1 reaches US shores, the USDA’s goal will be to eradicate it, Clifford said. The agency has a stockpile of 40 million doses of avian flu vaccines for poultry, including 20 million doses that are effective against the H5N1 Asian strain, he added.Minnesota’s pandemic planMinnesota Health Commissioner Dianne Mandernach said Minnesota was one of the first states to develop a pandemic plan, starting in 1999. She outlined a variety of measures under way or envisioned in the plan:For surveillance, the state has 27 hospitals and clinics that routinely report flu cases to the Minnesota Department of Health (MDH), which is closely linked to the CDC, she said.The state legislature recently clarified state laws on isolation and quarantine.The MDH is working with local agencies around the state to make sure that people who would be isolated or quarantined in a pandemic would have access to essential services.The state would close or cancel public venues and events if necessary, including even church services. “We would discontinue church services, and that would be very, very difficult for many people,” Mandernach said.The MDH has a program to provide health information to the roughly 11% of Minnesotans who don’t understand or speak English. Called Emergency and Community Health Outreach (ECHO), the program provides messages in six languages.The state is tracking hospital resources and considering options for setting up and staffing overflow facilities.Last week state officials practiced how they would distribute a shipment of medical supplies from the Strategic National Stockpile, a task that requires multiple approaches.One concern is a shortage of mechanical ventilators. “We do not have and will not have enough ventilators in Minnesota,” Mandernach said. “So it’s really going to be a matter of planning for and maximizing the use of resources.”She also called for individuals to prepare for a pandemic by taking steps such as stockpiling some water and food. “A two-way radio should be on our Christmas list this year,” she said.In conclusion, Mandernach said, “We are in a marathon, and there is no finish line. The day that we think we’re prepared is the day that we’ve lost the race.”Hospital infection control to be crucialLappe, the Minneapolis–St. Paul region’s hospital resource coordinator, was one of a long succession of local officials who spoke on their pandemic preparations. He said rigorous infection-control practices in hospitals will be an important part of coping with a pandemic. That means providing the right personal protective equipment (PPE) to staff members and making sure they use it.Lappe predicted very heavy use of PPE in a pandemic. For example, he estimated that a hospital with 88 nurses who changed their gloves about every 10 minutes would go through 16,000 boxes of gloves in 8 weeks.He also said hospital staff members will need to make their own personal and family preparations for a pandemic. He estimated that only about 1% of the 4,500 employees at Hennepin County Medical Center in Minneapolis have begun preparing. “I feel we need to make it mandatory for staff to do something” to prepare for a pandemic, he said.George Gerlach, administrator of Granite Falls Municipal Hospital and Manor in southwestern Minnesota, said the pandemic planning goal for expanding hospital surge capacity in his rural area seems nearly impossible.A few years ago, he said, hospitals in his 16-county region were advised to develop a surge capacity of 500 beds. That seemed “insurmountable” at first, but the region has made progress.”In contrast to the 500-patient surge capacity we’ve prepared for . . . the numbers for pandemic flu are overwhelming,” he said. “We’ve been advised to prepare for three to five times our current surge capacity” and to be able to maintain that level for several months.In other comments at the meeting, Gov. Pawlenty said Michael T. Osterholm, PhD, MPH, director of CIDRAP, which publishes this Web site, is organizing a “national business summit” on pandemic preparedness.David Olson, president of the Minnesota Chamber of Commerce, said the business summit will be “a 2-day session in February where we’ll walk small, medium, and large companies through what they can do to prepare for this.”last_img read more

Seven missing after Pakistan building collapse as death toll hits 16

first_imgA building inspector said the sewage system appeared to have triggered the disaster, but a full technical investigation would be carried out.”The death toll in the building collapse rose (from 11 on Thursday) to 16, after five more bodies were pulled out of the rubble today,” Salma Kauser, a senior health official in Karachi, told AFP.An official at the Abbasi Shaheed hospital confirmed the toll.Rehan Hashmi, a senior municipal official, said the army had been deployed to help with the rescue and recovery mission.  “Seven people are still missing, but it is premature to say whether they were trapped under the debris or not,” Hashmi said.Narrow alleyways have restricted the access of heavy machinery to the disaster site, meaning much of the rubble is being cleared manually.Authorities have sealed off the area, with soldiers standing guard and blocking curious onlookers in the city’s central district.Roof and building collapses are common across Pakistan mainly because of poor safety standards and shoddy construction materials in the South Asian country of 200 million. Topics :center_img Pakistani rescuers using their bare hands searched Friday for seven people missing after an apartment building collapsed, as more bodies were pulled from the rubble, taking the death toll to 16. Soldiers have been deployed to help in the search efforts after a five-story building and two adjoining houses collapsed in the port city of Karachi on Thursday. The residential building had been constructed as a four-story complex, but another floor was added about a year ago, in violation of construction rules, officials said earlier.last_img read more

UK had contingency plan for PM Johnson’s death as he battled COVID-19: The Sun

first_imgThe British government had a contingency plan for Prime Minister Boris Johnson’s death as his condition deteriorated while he battled COVID-19 last month in intensive care, Johnson said in an interview with The Sun newspaper.Johnson returned to work on Monday, a month after testing positive for COVID-19. Johnson, 55, spent 10 days in isolation in Downing Street from late March, but was then was taken to London’s St Thomas’ Hospital where he received oxygen treatment and spent three nights in intensive care.”They had a strategy to deal with a ‘death of Stalin’-type scenario,” Johnson, 55, was quoted as saying by The Sun. “It was a tough old moment, I won’t deny it.” After Johnson was discharged, St Thomas’ said it was glad to have cared for the prime minister, but the hospital has given no details about the gravity of his illness beyond stating that he was treated in intensive care.Read also: Boris Johnson leaves hospitalJohnson and his fiancée, Carrie Symonds, on Saturday announced the name of their newly born son as Wilfred Lawrie Nicholas, partly as a tribute to two of the intensive care doctors who they said had saved Johnson’s life.”The doctors had all sorts of arrangements for what to do if things went badly wrong,” Johnson said of his COVID-19 battle. “The bloody indicators kept going in the wrong direction.”He said doctors discussed invasive ventilation.”The bad moment came when it was 50-50 whether they were going to have to put a tube down my windpipe,” he said. “That was when it got a bit . . . they were starting to think about how to handle it presentationally.” Topics :last_img read more

PREMIUMStocks rebound on first day of PSBB as investors regain composure

first_imgGoogle The Indonesian stock market rebounded on Monday, the first day of the reimposition of large-scale social restrictions (PSBB) to contain COVID-19 in Jakarta, after the market crash last week, as investor optimism was restored as a result of the limited impact of the measures on businesses.The Jakarta Composite Index (JCI), the main gauge of the Indonesia Stock Exchange (IDX), climbed by 2.89 percent to 5,161.82 against the previous trading day, continuing last Friday’s rally of 2.56 percent.The market uptrend offset the dramatic plunge of 5.01 percent last Thursday, the lowest since March, to 4,891.46, which led to a half-hour trading halt as investors engaged in a panic sell-off. The market crash was sparked by the initial announcement of the reintroduction of PSBB amid the continuous rise in COVID-19 cases.“Surprisingly, the measures in this reimposition of the P… Facebook stock-market IDX JCI rebound Crash COVID-19 consumer-goods Forgot Password ? Linkedin Log in with your social account LOG INDon’t have an account? Register here Topics :last_img read more

Popular renovator lands over $500K amid high demand by downsizers

first_img12 Alicia St Nundah. Picture: SuppliedA THREE bedroom renovator in Brisbane’s middle ring was so popular two buyers were waiting in the wings in case the deal fell over.Real estate agent Julie Cameron of @Realty said the home at 12 Alicia Street, Nundah, sold for $570,000, with the area in high demand amid rapid gentrification and popularity with downsizers. 12 Alicia Street, Nundah sold for $570,000.Her most recent Nundah sale at 12 Alicia Street was a three bedroom, one bathroom, three car space home, which was in a quiet cul-de-sac.The brick post war home was on a level 607sqm block with 15.8m frontage and 40.1m length, and zoned low medium residential density. 12 Alicia St Nundah.“It was a good result because it’s a renovator but it’s in a good suburb and 607sq m,” she said. “It’s got quite a lot of potential for development. The buyer plans to fully renovate it, extend and move in.”Ms Cameron said they had five offers hovering around the mid $500,000s, two of whom were “waiting for it to fall over”.More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019 12 Alicia Street, Nundah.“In Nundah you have the older folks moving out and younger ones moving in. It’s part of a trend, a little bit like Hendra was years ago. Hendra was always the poorer suburb, with older character homes, a little bit of snobbishness against it from Ascot and the like, and now they’re achieving over $1M. That’s gone through the roof.“I can see Banyo, Nudgee, Virginia and the like starting. I get $400,000 for a 400sq m block in those areas now – that was unheard of two or three years ago. It all boils down to supply and demand.” 12 Alicia Street, Nundah.“We had a tenant in there who didn’t want to move out because they loved it.”The buyer agreed to wait 60 days for the tenants to move out with the deal settling last week.Ms Cameron said she was seeing a rush of buyers looking for properties in the Nundah area.last_img read more

Leicester linked with Porto striker Marega

first_img They need a total of 100 million euros to meet FFP regulations, not to mention any signings they want to make. And it appears the 28-year-old has a clause that would allow clubs to sign him for 30 million. Read Also:Iheanacho’s coach raises alarm, says Leicester players showing signs of coronavirus Leicester have a long term interest in the player, while West Ham United are also circling. FacebookTwitterWhatsAppEmail分享 Loading… Leicester City are being linked with a move for Porto star Moussa Marega. Promoted ContentWorld’s Most Delicious FoodsYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Best Cars Of All TimeTop 7 Best Car Manufacturers Of All Time10 Risky Jobs Some Women Do9 Actors Who Stay Famous For That One Movie They Did 10 Years Ago8 Superfoods For Growing Hair Back And Stimulating Its GrowthWho’s The Best Car Manufacturer Of All Time?Best & Worst Celebrity Endorsed Games Ever Made5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme ParksThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical The Malian has scored nine goals in 33 games this season, but he may have fallen out with the club. A Bola in Portugal suggests that Porto need money, and they want to sell Marega in the summer to fund their own spending.Advertisementlast_img read more

Laborer stabs drinking pal

first_imgCalinao allegedly used a screw driver tostab Maripusa. He was arrested and detained in the lockup cell of the SantaBarbara police station./PN The 34-year-old resident James Calinaoattacked the 45-year-old Erwin Maripusa around 10:45 p.m. on Dec. 21, policesaid. ILOILO City – A man was wounded afterhis drinking buddy stabbed him in Barangay Inangayan, Santa Barbara, Iloilo. It was however not immediately clearwhat triggered the altercation. Maripusa sustained a stab wound on theleft side of the body. He was brought to the Western Visayas SanitariumHospital in Santa Barabara for medical treatment. last_img read more