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Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries, gaining ahead of U.S. jobs data that will give another clue to the health of the world's largest economy. Benchmark Brent crude futures were up a touch at $94.23 a barrel and U.S. crude futures were also a whisker higher at $88.70 a barrel, after both closed the previous session at their lowest levels since February. Losses were partly due to data on Wednesday showing surge in U.S. inventories last week. "It's a combination of the inventory data and a bit of worries about demand. Because the market is worried about growth more than inflation - even though inflation is still a major issue - the oil price has come down," said Prashant Bhayani, chief investment officer for Asia at BNP Paribas Wealth Management. In another warning sign for the global economy, the closely watched part of the U.S. Treasury yield curve measuring the gap … [Read more...] about Oil languishes on recession fears; unconcerned stocks climb on

BIDEN INVOKES EMERGENCY WAR POWERS TO BUILD SOLAR PANELS… NY POST: Biden draws heat for invoking Defense Production Act to boost solar panels President Biden drew criticism Monday after invoking the Defense Production Act to potentially expedite the production of solar panels — with journalists and Republicans questioning the rationale for using special wartime powers. Renewable energy advocates, meanwhile, cheered the White House announcement that Biden would invoke the act “to accelerate domestic production of clean energy technologies, including solar panel parts.” […] The Biden administration did not specify a national-defense reason for using the act to boost solar panels. When Biden was vice president, the Obama administration aggressively pushed for solar energy production — sparking the Solyndra scandal when a politically-connected firm went bankrupt after getting $535 million in federal loan guarantees. KOREAN WAR-ERA LAW WIELDS POWER OVER AMERICAN … [Read more...] about Editor Daily Rundown: Biden Invokes Emergency War Powers To Build Solar Panels

Share to Twitter Share to Linkedin After a meteoric rise during the pandemic, the buy now, pay later (BNPL) business is facing a future clouded by deteriorating economic conditions, competition from the likes of Apple and bank credit card issuers and a looming regulatory crackdown. At least, that’s the conventional wisdom. Since the federal Consumer Financial Protection Bureau (CFPB) opened an inquiry into the industry last year, regulation has generally been framed as a “ backlash ” and threat to the industry’s growth. A research note issued Sunday by Goldman Sachs analyst Michael Ng, which initiates coverage of Affirm Holdings with a neutral rating, observes that “the evolving US BNPL regulatory landscape results in the risk of potential regulation that could reduce the pace of consumer and merchant adoption.” Yet a deeper look suggests regulation could actually benefit the leaders in the American BNPL sector. While BNPL has been around in the US … [Read more...] about Why Regulation Will Help The Buy Now, Pay Later Giants

Share to Twitter Share to Linkedin Ghana has just had four firsts when it comes to Marburg virus disease (MVD) with none of them being good firsts. The first first came in late June when the country had its first ever reported case of MVD. That was soon followed by Ghana’s first ever reported death from the viral illness along with its first ever outbreak of MVD. And now Ghana has had its first ever child dying from MVD. That’s clearly four firsts too many. The child was one year and two months of age and unfortunately died three days after being admitted to the hospital on July 17, according to the following announcement from the Ghana Health Service: The child’s death brought the current death toll from the MVD outbreak in Ghana to three, including the child, the child’s father who was 26 years old, and another unrelated man who was 51 years old. There’s been a fourth case of MVD, a 24-year-old woman who was the wife of the 26-year-old man and … [Read more...] about First Child Death From Marburg Virus In Ghana, Brings Outbreak Death Toll To 3

Share to Twitter Share to Linkedin On August 4th, the Biden Administration declared monkeypox a public health emergency. The announcement comes on the heels of the World Health Organization declaring monkeypox a public health emergency of international concern in July. This implies monkeypox poses a global public health risk through international spread, which requires a coordinated international response. In the U.S., prior to the Biden Administration’s declaration, a number of municipalities and even several states - California, Illinois, and New York - had declared monkeypox a public health emergency. More than 27,600 monkeypox cases have been reported across 87 countries. With approximately 8,300 confirmed cases, the U.S. comprises 30% of confirmed infections worldwide. Furthermore, test positivity is very high in the U.S., which reflects undertesting. A Public Health Declaration allows the Secretary of Health and Human Services (HHS) to take … [Read more...] about Implications Of Monkeypox Being Declared A Public Health Emergency In U.S.

Share to Twitter Share to Linkedin What a waste. On Thursday, the New York State Department of Health (NYSDOH) announced that they had found poliovirus in wastewater samples from two counties, Orange County and Rockland County, in June and July. This water polio announcement came two weeks after the NYSDOH had announced on July 21 that an unvaccinated adult in Rockland County had gotten infected with the poliovirus and as a result became paralyzed. If you are wondering, “hmmm, polio, I don’t get it,” that’s because the U.S. was declared polio-free in 1979. That declaration came after years of public health efforts to get the U.S. population vaccinated against this dangerous and potentially deadly virus. Yet, such reappearance of the poliovirus in New York raises more concerns that continuing anti-vaccination campaigns may be setting our country back many decades and laying to waste all the hard work that had gotten the U.S. polio-free in the first place. … [Read more...] about New York Polio Update: Hundreds May Be Infected, Based On Wastewater Findings In 2 Counties

Share to Twitter Share to Linkedin A U.K. boy who’s been the focus of an international legal battle has died hours after his life support was switched off. The parents of Archie Battersbee, 12, who suffered severe brain injuries in April, have been trying to keep him on life support for weeks, taking the case as far as the United Nations and the European Court of Human Rights. But doctors, and courts, argued Battersbee was “ brain stem dead ” and that further efforts to keep him alive were “futile.” He died just after midday on Saturday, almost exactly four months after he was found unconscious at home. His parents, Peter Battersbee and Hollie Dance, believe he may have been taking part in a social media challenge at the time. He has been in the care of the Royal London Hospital in Whitechapel ever since. The tragic case has gripped the nation, with each legal appeal covered widely in the media. Assisted by the Christian Legal Centre, his … [Read more...] about Archie Battersbee: U.K. Boy At The Center Of Life Support Battle Dies

Share to Twitter Share to Linkedin This is part two of a series focusing on cognitive dysfunction and inflammation. The first article can be read here . For additional writings on inflammation and Covid-19, please see my website: www. williamhaseltine.com Although inflammation is a common feature of many infections, viral and otherwise, SARS-CoV-2 elicits a particularly intense inflammatory response. Exactly why remains unclear. What is becoming increasingly clear, on the other hand, is that much of the damage associated with Covid-19 can be traced back to this hyperinflammation. This holds true both in the short term, during acute infection, as well as the long term, during Long Covid, or Post-Acute Sequelae of SARS CoV-2 infection (PASC). Cognitive impairments such as “brain fog”, difficulty concentrating, and poor short-term memory make up some of the more worrying Long Covid symptoms. Often, these are severe enough to interfere with daily … [Read more...] about Even Mild Covid-19 May Cause Lasting Brain Fog (Part 1)

Share to Twitter Share to Linkedin California Governor Gavin Newsom (D) made national news for his recent TV ad campaign encouraging Floridians to move to California based on his claim that the Golden State is a bastion of freedom. Newsom’s Florida ads have since been the subject of mockery and derision, with Governor Ron DeSantis (R) and others pointing out California has lost thousands of former residents and millions of dollars of wealth to Florida in recent years. In fact, from 2019 to 2020 alone, California saw a net outmigration of more than 11,500 people to Florida, who took $1.9 billion in annual income with them. “While Governor Newsom breaks his own laws to dine at French Laundry as ordinary Californians suffer under his rule, he continues to lose the remaining sane residents of his state. Where do they go? They come to Florida,” said Sal Nuzzo, vice president of policy at the James Madison Institute, a Florida-based think tank. “Today, 30 … [Read more...] about Gavin Newsom’s Needling Of GOP Governors Will Be Paid For By Taxpayers