Covid job loss

Share to Twitter Share to Linkedin W hen Alexi Nazem was a hospital doctor, he faced a mountain of paperwork and bureaucratic hurdles anytime he wanted to moonlight outside his hospital. For healthcare professionals side gigs like these are common, so why should the process be so burdensome? Inspired by the possibility of applying the concept of other online marketplaces like AirBnB to healthcare temping, he and four cofounders (including AlleyCorp founder Kevin Ryan) launched Nomad Health in 2015. During the Covid-19 pandemic, Nomad saw explosive growth as hospitals, already facing nursing shortages, raced to fill roles in overburdened ICUs around the country. While the pandemic has (hopefully) peaked and travel nursing pay rates are receding from all-time highs, the underlying shift of much more of the healthcare workforce engaged in temporary rather than full-time roles is expected to continue. “One of the most important lessons that we've learned … [Read more...] about Staffing Marketplace Nomad Health Raises $105 Million As It Expands Beyond Travel Nurses

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects

Jeong Jae-hong The author is an international affairs and security editor of the JoongAng Ilbo. Gustavo Petro was elected president of Colombia on June 19. According to an analysis in the Washington Post, Columbia, ruled by right-wing politicians over 200 years, elected a left-wing president because the middle-class collapsed due to the Covid-19 pandemic and voters wanted the government to ease economic inequality. Brazil is scheduled to have a presidential election on October 2, and leftist former president Luiz Inácio Lula da Silva, commonly known as Lula, is getting over 50 percent of support. In addition to Mexico, Argentine, Chile, Peru and Columbia, another left-wing administration is about to launch in Brazil, too The left-wing wave in Latin America largely resulted from right-wing administrations’ failure to cope with the pandemic and the collapse of the middle class in the region. The middle class is the bastion of democracy. A country with a strong middle class … [Read more...] about A class above all others

Share to Twitter Share to Linkedin Youth mental illness has reached crisis levels in America. The percentage of adolescents who have experienced at least one major depressive episode increased by 60 percent from 2007 to 2019. Rates of anxiety, self-harm, and attempted suicide were skyrocketing even before the Covid-19 pandemic, and since then matters have only gotten worse . Filmmaker Ken Burns has executive produced a powerful new two-part documentary film on this subject. Hiding in Plain Sight: Youth Mental Illness will air on June 27 and 28 at 9:00 pm ET on PBS and will be available for streaming on the PBS App. The film was directed and edited by Burns’ long-time colleagues Erik Ewers and Christopher Ewers. It shares the voices of 21 diverse youth across America who are living with mental health challenges, addressing issues of stigma, discrimination, awareness, and silence. Hiding in Plain Sight is part of a larger public media mental … [Read more...] about Ken Burns And Ewers Brothers Spotlight Youth Mental Illness In New Documentary

- A + A MUMBAI/MANILA (June 27): Signs of distress flashing in bond markets suggest the world's poorest nations are set to see a wave of debt restructurings. But a growing cohort of investors say that is a buying opportunity. Panic selling in the aftermath of Sri Lanka's economic collapse has sent the average yield in junk-rated emerging economies to almost 900 basis points above US Treasuries, the highest risk premium in 13 years except for the Covid-19-related rout in 2020, according to JPMorgan Chase & Co data. Yet, initial fears about a widespread default Armageddon across emerging markets is easing, and money managers are looking beyond the handful of countries that may reschedule their debt. This shift in perception means at least some smaller developing nations, called frontier markets, have been unduly punished in the recent sell-off and now offer highly attractive yields. Even in the event of debt restructuring, their bonds will offer greater recovery … [Read more...] about Frontier-debt buyers look past default risk in hunger for yield

Ground staff members cover the court 4 as the rain started to fall on the first day of the 2022 Wimbledon Championships at The All England Tennis Club in Wimbledon, southwest London, on June 27, 2022. (Photo by SEBASTIEN BOZON / AFP) LONDON – The world’s most famous queue began streaming into the All England Club on Monday as the gates opened at the start of the 135th edition of the Wimbledon championships. The quintessential English sight of thousands of tennis fans waiting patiently, often having camped overnight, to gain entry to the grounds has been missing since 2019. COVID-19 put paid to Wimbledon in 2020 and last year the queue was scrapped on safety grounds as the tournament returned to semi-normality, albeit with restricted attendances and players based in secure hotel bubbles. Although all that makes Wimbledon such a spectacle has returned, it is not quite business as usual despite the buzz around the grounds as the gates swung open at 0900GMT on a breezy morning in … [Read more...] about Wimbledon open for business, not quite as usual

Net profits of manufacturing companies surged by 50.2 percent during 2021-22, the input cost pressures notwithstanding, the Reserve Bank of India said on Friday. Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level, it said. The data on the performance of the private corporate sector during 2021-22 drawn from abridged financial results of 3,166 listed non-government non-financial (NGNF) companies. Operating profit margins remained healthy for all the three sectors. Net profit margins remained stable for manufacturing and IT companies, whereas it remained in the negative terrain for non-IT services companies. The data further showed that private corporate sales and profitability recorded healthy growth in during 2021-22 as the effects of the Covid-19 pandemic subsided and economic activities recovered, especially in the second half of the year. "Sales of 1,865 listed private … [Read more...] about Manufacturing companies see 50.2% surge in FY22 net profit despite costly raw materials

Kim Jong-jin The author is assistant director-general and regional representative of the Food and Agriculture Organization (FAO) of the United Nations. It wasn’t so long ago that internet connectivity faded the moment one left a populated area like a city or big town. “No service” was the take-away message back then. But thanks to 3G, 4G and now 5G mobile technology — and coupled with the widespread installation of cellular towers in rural areas across the country — the frustrating message shows up much less frequently. Most importantly, the rapid spread of internet connectivity and mobile telephony has resulted in countless opportunities to help address chronic problems such as poverty, malnutrition and inequality after the service reached into the most remote rural communities. From farmers to fishers to herders, digital technologies are increasingly relied upon to help transform and enhance livelihoods for hundreds of millions of people each day. From farmers with their … [Read more...] about Leaving no one behind in digitization

- A + A MUMBAI/BUENOS AIRES/LONDON (June 27): It only took 24 hours last month for Prime Minister Narendra Modi's government in India — the world's second-largest producer of wheat — to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce & Industry said it was preparing to send delegations to nine countries to export a record 10 million tonnes of wheat this fiscal year — sharply up the previous season. But a barrage of alarming data changed all that. First came a downward revision to India's wheat crop in early May as a sudden heatwave hammered yields. Then data on May 12 showed inflation in the nation … [Read more...] about Food export bans, from India to Argentina, risk fueling inflation