Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues
Fact check medicare cuts
Study: 24% Of Parents Hid That Their Children Were Covid-19 Positive
Share to Twitter Share to Linkedin Well, so much for trusting people to do the right thing. A research letter recently published in JAMA Network Open described how 24.0% of parents in the U.S. surveyed—that’s 63 of 263 respondents—failed to tell others when they either thought or knew that their child had Covid-19. Moreover, 21.1% (67 of 218 respondents) permitted their children to break quarantine or isolation rules. And take a wild guess as to the most commonly given reason for not doing such things to protect others around them. It’s a very freedom answer. They wanted to exercise their “personal freedom” as parents. Yeah, let that freedom answer ring in the heads of all those who may have gotten infected with the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) as a result. Looks like the answer to the Eurythmics song “Would I Lie To You?” is “Absolutely Yes” for quite a few parents based on this survey. The online survey conducted from … [Read more...] about Study: 24% Of Parents Hid That Their Children Were Covid-19 Positive
The lie of the hustle
One of the ways that gig companies have been able for years to define their workers as independent contractors is by exploiting the allure of individualism. The contractor has their freedom, the thinking goes, so why would they exchange that for a full-time job with benefits? “These words have gained a strange kind of prestige from downwardly mobile, college-educated tech workers,” said John Patrick Leary, the author of Keywords: The New Language of Capitalism . It was part of what Reddit’s founder, Alexis Ohanian, has called “hustle porn,” cheerleading multiple jobs and their backbreaking exertions, giving a cheerful spin to the full 30% of Americans who do something else for pay in addition to their full-time jobs, according to an NPR/Marist survey. Hustling and nimbleness and the like implied, however, that there is a slinky joy in picking up gear at a studio and dropping it off across town or selling CBD oil part time. Once called drably “another job,” these … [Read more...] about The lie of the hustle
WhatsApp Is Adding More Privacy To Audio Messages
(CTN News) – The Meta-owned WhatsApp service is adding another feature that will let users send audio messages playable only once, according to WaBetaInfo, which reported on the news. The app-tracking website reports that the messaging app has started rolling out the new update, bringing it up to version 2.23.7.8, as listed in the app-tracking website. As part of the app, there is an audio message feature that can only be played once at a time when the app is opened to ensure your privacy is protected. Due to the fact that this feature is still being developed for the time being, there will be a future update with this feature available. Additionally to WhatsApp’s already existing features, it’s also possible to send images and videos that are only viewable once as part of WhatsApp’s already existing features, in addition to WhatsApp’s already existing features. Currently, the app is working on the audio messages that will be sent to the users as part of the service. … [Read more...] about WhatsApp Is Adding More Privacy To Audio Messages
This pharma giant is making sure new medicine works for more people
Bristol Myers Squibb is No. 18 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. In 2022, Bristol Myers Squibb found itself on the cutting edge of drug development—reflected not only in groundbreaking products but in a sweeping diversity agenda. The New York City–based company, which reported 2022 revenue of $46.2 billion, had three drugs approved by the FDA last year: Opdualag, a first-line treatment for advanced melanoma, in March; Camzyos, a first-in-class cardiac drug for symptomatic obstructive hypertrophic cardiomyopathy, in April; and, in September, Sotyktu, the first new oral treatment for moderate-to-severe plaque psoriasis in nearly 10 years, discovered by BMS scientists. In 2022, these three new drugs had $284 million in combined sales. For most other pharma companies, that would be sufficient to appease investors and grow the business, but alongside its work … [Read more...] about This pharma giant is making sure new medicine works for more people