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Muppets with knives: Donald Trump and Christine Lagarde have turned the coronavirus crisis into an economic disaster

first_imgThe President, the most thin-skinned leader on the planet, his obvious emotional neediness cocooned in a smug know-it-all-ism that precludes listening to anyone else outside his sycophantic orbit, became yet again his own worst enemy.  Just 14 days later he wildly swung the other way, outlawing all European travel to the US for the next month, in an effort to somehow shield the US from the virus.  Following on from her fellow muppet’s disastrous intervention into the coronavirus crisis, Lagarde predictably made everything even worse. At last week’s press conference, she seemed to airily dismiss ECB responsibility for the bond yield spread between Germany and Italy, even as Rome has been decimated by Covid-19 to the point of being forced to quarantine the whole country.  There, Lagarde’s fingerprints are all over both the Greek bailout debacle as well as the even more ruinous failed “stabilisation” of Argentina. Having made a hash of all this, only in a Kafka novel should she have been further rewarded by being made ECB chief — but of course she was.  Undaunted, and confusingly, the President followed this panicked reaction the same day by insouciantly noting the virus will “just go away”. In the cases of both Trump and Lagarde, the record of the two protagonists and their painful over- Lagarde was duly found guilty of criminal negligence and misuse of public funds while French finance minister in December 2016. But she continued on her merry, unaccountable way, and was quickly promoted to head the International Monetary Fund.  Promoting “muppets” (which, with apologies to Kermit the Frog, is the nickname we used in Washington for such a despised species) is dangerous for any organisation.  Opinion John HulsmanDr John C. Hulsman is senior columnist at City A.M., a life member of the Council on Foreign Relations, and president of John C. Hulsman Enterprises. He can be reached for corporate speaking and private briefings at www.chartwellspeakers.com. promotion could prove as harmful to the global economy as the virus itself. Make no mistake, this is the most serious crisis in terms of political risk in the twenty-first century so far, a pandemic of global complexity with wrenching human and economic consequences, almost all of them bad.  Such a failing mattered little during the first three years of his term in office, blessed as it was to be relatively crisis-free.  Monday 16 March 2020 5:42 am Trump was musing aloud two weeks ago that talk of the spread of coronavirus amounted to little more than a Democratic party conspiracy to tear down his great accomplishment of a sound economy.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteableyAirport Security Couldn’t Believe These Jaw-Dropping MomentsNoteableyzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderNinjaJournalistThe Most Expensive Royal Weddings In Royals HistoryNinjaJournalistPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost Fun “It is hard to soar with Eagles when you work with turkeys.” — Sam the American Eagle, Muppet. Muppets with knives: Donald Trump and Christine Lagarde have turned the coronavirus crisis into an economic disaster But what should we really expect? Even when the President does the right thing, his motivations almost always have to do with his own colossal ego and self-regard, rather than the wellbeing of America as a country.  As everyone remotely connected with business and government knows, there is a great danger in advancing obviously overmatched people not up to the job.  whatsapp Last week’s muppets with knives provide a terrifying answer as to where everything is headed. It’s going to be a very bumpy ride. The real policy question is whether, when the crisis is over, things settle as a new serious global recession, or as something even worse. That result depends on policy leadership.  Trump’s selfishness has made an awful situation infinitely worse (Getty Images) However, now that the coronavirus pandemic, a true global tsunami of epic proportions, looms dead ahead, this seemingly extraneous character trait becomes of incredible importance. Trump’s selfishness has had the very practical policy consequence of making an awful situation infinitely worse.  At this most fragile of moments, the new ECB president seemed determined to undo in one moment her skilled predecessor Mario Draghi’s vague but determined legacy of assuring markets he would do “whatever it takes” to stabilise the Eurozone.  It is like leaving an unexploded bomb in your midst. The muppet’s lack of ability almost always comes back to haunt, usually at the worst possible time.  Main image credit: Getty At this most pressing moment of the twenty-first century so far, two such muppets have made a terrible situation even worse. Both President Donald Trump and European Central Bank (ECB) chief Christine Lagarde have lived down to their expectations.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Share Confused? Not half so much as the markets. Already heading for the door in the face of the growing global pandemic, they were desperately looking for reassurance from the most powerful man in the world.  To put it mildly, this wasn’t it.  The long-term policy danger signs have been clear enough throughout Lagarde’s chequered career, yet somehow her many disasters have allowed her to perpetually fail upwards.  whatsapp Sadly for the world, Trump was not the only muppet to be wielding a knife during the last fateful week. As I predicted last year, Europe’s obvious over-promotion of Christine Lagarde as the new ECB president has come back to bite it.  Show Comments ▼last_img read more

Ready to order? Business lunches may be exempt from new Tier 2 restrictions

first_img Also Read: Ready to order? Business lunches may be exempt from new Tier 2 restrictions However there has been growing confusion over what the Tier 2 restrictions mean for work lunches and whether a loophole in the current guidance, which allows exemptions for work, could permit business lunches in the City. It is understood that the government will allow lunches to take place in hospitality venues but these must be strictly for business purposes and not for meeting work colleagues socially. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USASwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift Verdictbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comGloriousaOctomom’s Kids Are All Grown Up. Here’s How They Turned OutGloriousaPast FactoryLiz’s Granddaughter Looks Like Her ReincarnationPast FactoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout City restaurants are preparing to allow business lunches to resume after legal advice suggested work meetings are allowed at hospitality venues under an exemption to Tier 2 restrictions. Restaurant gives green light to lunch meetings He also warned that without an exemption for restaurants the restaurant group will have to lay off a number of staff. “All our lunch trade is business… We will go from making a loss whilst trading to haemorrhaging money.”  In a letter to Nickie Aiken, MP for Cities of London and Westminster, and Westminster Council, the Boisdale boss said: “Restaurants are the work place when workers meet while being paid during working hours to discuss business. Most workplaces are unlikely to be as health and safety conscious as restaurants. Certainly no more so.”  The hospitality sector has already warned that a Tier 2 lockdown will be the “death knell” for the already struggling industry.  The government guidance places no limit on the group size when meeting or gathering for purposes, but there is little to no clarity on where those meetings can take place, however. Tags: Coronavirus Also Read: Ready to order? Business lunches may be exempt from new Tier 2 restrictions Also Read: Ready to order? Business lunches may be exempt from new Tier 2 restrictions Angharad Carrick “Having spent the past month consulting with the City of London Police, UK Hospitality and our legal counsel at the highest level (Barristers and Queens Counsel), we believe that our interpretation of the government guidance is that business meetings which the guest deems reasonably necessary for work purposes are permitted to take place in our Covid-secure venues,” Williams said. whatsappcenter_img In a sign of the growing confusion over the tiered system and possible exemptions, one Westminster council source told City A.M. they thought it was unlikely the council would allow this. Ranalad Macdonald, managing director of London restaurant group Boisdale told City A.M. last week that he could be forced to close for lunch if work meeings are banned. Martin Williams, the chief executive of M Restaurants and Gaucho, said legal advice meant necessary work meetings will be allowed to go ahead at his venues. But it is understood that Westminster Council’s licensing and regulatory services have now confirmed that the legislation “makes an exception for gatherings of up to 6 people, indoors, from different households, for work purposes as long as the meeting is considered reasonable”. Ready to order? Business lunches may be exempt from new Tier 2 restrictions whatsapp This loophole could be a lifeline for the City’s hospitality sector reliant on lunchtime trade from office workers. Wednesday 21 October 2020 2:09 pm Share The rules, which came into effect last weekend, mean people cannot mix with another household in pubs or restaurants. Show Comments ▼ “At these meetings, food and beverages are permitted to be served.”He added: “The fact that restaurants are having to search for rationale to permit a common-sense approach to safe dining in our venues and to protect jobs is an indictment on Sadiq Khan who made claims to be the most pro-business Mayor of London, yet has completely failed to support hospitality nor a broader business.” “Restaurants are a workplace”, says Boisdale bosslast_img read more

Cleanup continues for roads and trails affected by record rain

first_imgJuneau | Public Safety | WeatherCleanup continues for roads and trails affected by record rainOctober 30, 2017 by Adelyn Baxter, KTOO Share:Caution tape blocks off the entrance to the Flume Trail off Basin Road on Oct. 28, 2017. (Photo by Adelyn Baxter/KTOO)Residual damage from Friday’s rainstorm continues to affect roads and trails around Juneau.The Calhoun Avenue bridge below Cope Park, which was closed Friday morning following a mudslide, remained closed this afternoon.CBJ Streets, Fleets and Transit Superintendent Ed Foster said the mudslide washed debris against the gate under the bridge, barricading the entrance that allows inspectors access.Foster said the city has no reason to believe the bridge is damaged, but it needed to be inspected to be sure.The city hopes to have the road open by the end of the day Monday.The Flume Trail above downtown Juneau also remains closed after multiple slides and precariously leaning trees left the area unsafe.It will likely remain closed for about two weeks, said Debbie Driscoll, spokeswoman for Alaska Electric Light & Power Company.Share this story:last_img read more

Greece prepares to submit draft reforms to Eurogroup

first_img Greece prepares to submit draft reforms to Eurogroup Greece has been busily preparing a list of draft proposals which are crucial in extending its rescue programme, ahead of tomorrow’s deadline for its submission to the International Monetary Fund and EU institutions.The reforms, which will be largely “structural”, are expected to focus on curbing things like tax evasion and corruption, as well as streamlining the civil service, according to comments made by a Greek public official. It follows a last-minute deal brokered on Friday after talks between Greece and European finance ministers. Accepting a conditional extension of its bailout program will be vital if Athens is to avoid bankruptcy. But Greek Prime Minister Alexis Tsipras said later in a televised address that the government had “won a battle, not the war. The difficulties, the real difficulties … are ahead of us.””The negotiation is now entering a new, more substantive stage until a final agreement on the transition from the disaster of the bailout austerity measures, to policies of employment, development and social cohesion,” he said.However, some members of the Syriza-led coalition criticised the government officials for diverging from its mandate, saying the bailout programme was being repackaged rather than fundamentally changed. Share whatsapp Tags: NULLcenter_img Jessica Morris Sunday 22 February 2015 11:29 am Show Comments ▼ whatsapplast_img read more

It’s happy hour for Gruppo Campari

first_imgITALIAN drinks firm Gruppo Campari reported a 13.4 per cent jump in first quarter sales yesterday, driven by strong demand in the US for its bourbon whisky Wild Turkey and its Jamaican rums.Revenues were €327.4m (£235m), with pre-tax profit rising by 73 per cent to € 35.8m. Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthbonvoyaged.comQuiz: 9 Out Of 10 People Can’t Name These Actorsbonvoyaged.comWorldemandRachael Ray is so skinny now and looks like a modelWorldemandNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramExplored PlanetPut A Towel Under Hotel Door, Here’s WhyExplored PlanetBill CruncherArizona Drivers With No DUI’s Getting A Pay Day This Month (Check If You Qualify)Bill CruncherFolliboost Hair GrowthThinning Hair? Use This for 1 Month, See What HappensFolliboost Hair GrowthHistory DailyExtraordinary Nature Photos That Haven’t Been EditedHistory Daily whatsappcenter_img Tuesday 12 May 2015 8:47 pm It’s happy hour for Gruppo Campari Express KCS Share Tags: NULLlast_img read more

FTSE rises after a rally in metals boosts miners – London Report

first_imgBRITAIN’S top share index ended higher yesterday after slipping to a five-month low earlier in the session, with a strong bounce in miners and a rally in US equities helping the broader market.The blue-chip FTSE 100 index finished 0.4 per cent higher at 6,707.88 points. It earlier fell to 6,625.16, its lowest since late January, as some companies traded without the attraction of their latest dividend payouts.The index recovered after US equities rose 1.1 to 1.3 per cent, a day after the US Federal Reserve indicated the pace of any rate hikes would be slower than expected.Miners were the top gainers, with the sector index rising 1.8 per cent, after copper climbed on upbeat Chinese data and a weaker dollar. A fall in the US currency also helped gold prices.“A rally in metals prices on the back of a softer dollar has helped the FTSE 100 to recover from earlier lows. The index is technically ‘oversold’ and a bounce back is due,” Securequity trader Jawaid Afsar said.Shares in Anglo American, Fresnillo, Randgold Resources and BHP Billiton rose between 2.1 and 2.7 per cent.Despite the late recovery, investors stayed cautious. Concerns over the Greek debt crisis have hit shares, although the FTSE 100 outperformed the pan-European FTSEurofirst 300 index, up about 10 per cent this year.The FTSE 100 is up about two per cent year to date as it has not felt the full benefit of monetary easing in the Eurozone and has been hindered by a heavy weighting in commodity stocks as prices have come under pressure.Yesterday’s gains were capped by falls of 0.4, 2.9 and 3.1 per cent respectively in shares of Land Securities Severn Trent and 3i Group as they traded ex-dividend.The FTSE 250, down 0.2 per cent, underperformed the FTSE 100 as the mid-cap index was hit by disappointing updates.Poundland fell 3.5 per cent after the discount retailer said first-quarter growth had slowed and first-half trading would be subdued.Premier Farnell, a distributor of small electronics and parts, dropped 5.5 per cent after saying first-half adjusted operating profit would be marginally below last year’s figure as it works to implement a new global structure.While online gaming company Playtech said trading was strong, it fell 0.9 per cent after saying it would raise £250m through a share placing. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Thursday 18 June 2015 8:49 pm FTSE rises after a rally in metals boosts miners – London Report Show Comments ▼ Share whatsapp Express KCS Tags: Company FTSE 100 whatsapplast_img read more

News / Hapag-Lloyd CSAV merger gets green light from EC competition commission

first_img The EC’s competition commission has cleared the proposed merger of container shipping lines Hapag-Lloyd and CSAV, on condition that the Chilean line withdraws from two services it runs jointly with Mediterranean Shipping Co.The EC said it had investigated the effect of the merger on 12 routes connecting Europe with the Americas, Asia and the Middle East and, on the whole, had found that it wouldn’t restrict competition or affect prices.However, its approval is conditional on CSAV withdrawing from the Euroandes and Ecuador Express services it operates with MSC, which it said would have created new links between previously unconnected consortia.“The commission had concerns that these new links would have resulted in anti-competitive effects on two trade routes: the route between Northern Europe and the Caribbean, and the route between Northern Europe and South America’s west coast. On these routes, the merged entity, through the consortia that the two companies belong to, may have influenced capacity and therefore prices to the detriment of shippers and consumers,” it said.CSAV and Hapag-Lloyd have committed to terminating the former’s participation in the services.EC vice-president Joaquín Almunia said: “Liner shipping plays a central role in global trade, so competition in this sector is essential for businesses and consumers in the EU. Through the commitments, our decision averts the risk that the merger between Hapag Lloyd and CSAV could lead to any price increase.”The EC found that there would be no threat to competition freight forwarding or terminal operations segments – CSAV has a small freight forwarding division and Hapag-Lloyd has a stake in Hamburg’s automated Altenwerder container terminal.EC competition commissioner Joaquin AlmuniaHapag-Lloyd welcomed the decision, although added that it was still awaiting clearance from other jurisdictions. The US Department of Justice cleared the merger in August.The merger – which many in the liner industry see as a takeover of CSAV by its German counterpart – will create the world’s fourth-largest container shipping line, with 200 vessels, annual revenues of €9bn and transport volumes of 7.5m teu. By Gavin van Marle 12/09/2014last_img read more

Phone use before bedtime is tied to poorer quality sleep

first_imgThinking back to the recent World Series, for instance, “it’s possible that if you are a Cubs fan or an Indians fan, and you’re looking at your phone, it really has nothing to do with the light [impacting your circadian systems],” Rea said.Likewise it’s also possible that poor sleep could lead to more screen time. The study just correlated the two and didn’t show causation. Finally, since the study used data from two different time periods, it wasn’t able to determine whether phone use on a particular day impacted the quality of sleep that night. Please enter a valid email address. Related: Privacy Policy What you need to know about the new study on cellphones and cancer By Ike Swetlitz Nov. 9, 2016 Reprints People who spend more time staring at their phones before bedtime get a worse night’s sleep, researchers found, in the first study that directly measures screen time using a mobile application.Why it matters:Previous studies have found an association between using devices with screens and poor sleep quality. However, scientists aren’t sure exactly why that is. Exposure to blue-colored light, such as that produced by electronic screens, is known to stimulate wakefulness. Electronic device use before bedtime might also simply stress us out. And some research has shown that there are associations between simply having electronic devices in the bedroom and worse sleep — possibly pointing toward some other confounding factor.The nitty-gritty:Dr. Gregory Marcus, cardiologist at the University of California, San Francisco, used data from the Health eHeart Study, which was set up to do research on cardiovascular disease. Participants in the study recorded many different things about themselves, including when they went to bed, how long they slept, and how well they slept, but didn’t know when reporting the data that it might be examined for a relationship with cellphone use.advertisement Leave this field empty if you’re human: What they’re saying:As the first sleep-related study to measure smartphone use with a mobile app, the study should be an example for other screen-time studies, said Lauren Hale, a board member of the National Sleep Foundation.“There’s more to be done,” Hale said. “This is only focusing on one tiny aspect of our intimate relationship with digital media.”The bottom line:Smartphones are but one aspect of a modern society filled with constant stimulation, and researchers aren’t surprised that they’re associated with lower quality sleep. Quick TakePhone use before bedtime is tied to poorer quality sleep APStock Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Then, Marcus and his team invited those same people to download a smartphone app to track when their phones’ screens were on. One hundred and thirty-six people used the app for at least a month and also had sleep quality data on file — and, among them, Marcus found that more screen time was associated with poorer quality sleep. Specifically, using a smartphone closer to bed was more strongly associated with poorer sleep quality than using a smartphone earlier in the day. The study was published Wednesday in PLOS ONE.But keep in mind:Mark Rea, director of the Lighting Research Center at Rensselaer Polytechnic Institute, who was not involved in this study, said that there isn’t enough data there to say why people who spent more time with smartphones had worse sleep.advertisement Tags cellphonescircadian rhythmsleeplast_img read more

Do we keep waiting for the next pandemic or try to prevent it?

first_imgOne example of this is cholera: a highly neglected disease that is entirely preventable through access to clean water and good sanitation and hygiene. It has almost come to be expected in areas of extreme poverty, such as in Cox’s Bazar in Bangladesh, where nearly more than 900,000 Rohingya refugees have settled, or in war-torn countries like Yemen. In the Democratic Republic of the Congo, a woman washes her hands with water from a tank bearing a WHO sticker as prevention against Ebola. JUNIOR D. KANNAH/AFP/Getty Images ‘You’re holding your breath’: Scientists who toiled for years on an Ebola vaccine see the first one put to the test @GaviSeth EXPLORE: How Yemen’s cholera outbreak spread to a half-million people Related: By Seth Berkley June 14, 2018 Reprints With diseases like Ebola, where there is no cure and predicting outbreaks is difficult, vaccination is essential. And since the West African epidemic, which killed more than 11,000 people and infected nearly 29,000, we now have an investigational vaccine from Merck that a trial at the tail end of that outbreak showed to be safe and effective.With $1 million of initial operational support from Gavi, the Vaccine Alliance, which I lead, up to 300,000 available doses from Merck can be used by the World Health Organization and its partners to try to swiftly contain and end the DRC outbreak. For the people of Bikoro, in the DRC’s Equateur province, where there are already 55 suspected cases of Ebola and 28 deaths, this vaccine could be a lifesaver. Without such tools, we risk further spread, which could be devastating, particularly as we have now seen cases in the urban center of Mbandaka, the provincial capital of Equateur.While stockpiles are essential, they remain only part of the solution. As cities continue to grow, our best defense will be anticipating outbreaks before they occur. For some diseases, that means making childhood immunization and pre-emptive vaccination campaigns a priority. In other cases, it may mean greater investment in sanitation infrastructure, which can help prevent not just cholera but other water-borne diseases, like the diarrhea-causing rotavirus. And many poor countries are in desperate need of basic diagnostics and surveillance capabilities, enabling them to detect an outbreak as early as possible gives them an opportunity to quickly respond.All too often with infectious diseases, it is only when people start to die that necessary action is taken. To avoid this, the answer is simple: All countries must step up their long-term efforts to prevent and, wherever possible, eliminate infectious disease. If we keep waiting until outbreaks occur, we may soon find that our ability to respond, contain, and end them is gravely inadequate.Seth Berkley, M.D., is CEO of Gavi, the Vaccine Alliance. This is part of a growing global trend of urbanization that is expected to lead to two-thirds of the world’s population living in urban areas by 2050. Whether people are drawn from rural areas to cities by better economic prospects, or driven by conflict or climate-related events, such as flooding, desertification, or land degradation, the result is often the same — slums.Large numbers of often unvaccinated people living close to each other in squalid conditions, with limited access to primary health care facilities or clean water and sanitation, create a fertile breeding ground for infectious disease and the insects that spread them. One example is the recent outbreak of antibiotic-resistant typhoid spreading in the slums of Karachi, Pakistan. One case has already been exported to the United Kingdom.Disease tends to spread more easily and more rapidly among denser populations. And as populations grow, they can put a greater strain on already stretched resources, from sanitation to medical resources such as vaccines. Over the last few years, we have seen demand for emergency stockpiles of vaccines for diseases like cholera and yellow fever increase dramatically. While we can currently meet this demand, the growing number of mega-cities with populations of 10 million or more, and the increasing risk of urban epidemics that come with them, could deplete these stockpiles very quickly.center_img News of the latest Ebola outbreak in the Democratic Republic of the Congo is an urgent reminder that we need to change the way we fight disease, and we need to do so now.Over the last few decades, the number of disease outbreaks has more than tripled, culminating in three major epidemics in recent years — Ebola, yellow fever, and Zika. Despite this, governments often respond to outbreaks only once they occur, rather than investing in ways to stop them in the first place. If this continues, there will be a growing risk that we will not only undermine the great progress that has been made in fighting infectious disease, but we could even see a resurgence of highly preventable diseases that were previously in decline.Global trends are steadily altering the global health landscape, making it easier for disease to spread. Despite the scientific and medical advances of the last century, climate change, population growth, human migration, urbanization, vaccine hesitancy, and antimicrobial resistance could start to make future outbreaks increasingly difficult to contain.advertisement First OpinionDo we keep waiting for the next pandemic or try to prevent it? Related: About the Author Reprints While fragile states are particularly vulnerable to diseases like cholera, it can sometimes be a consequence of economic growth. Zambia, one of the fastest-growing economies in the world, has experienced a cholera outbreak every year for the last 35 years, mainly due to large areas of unplanned urbanization in parts of its capital, Lusaka.advertisement Seth Berkley Tags global healthinfectious diseasepublic healthVaccineslast_img read more

In a surprise, Hans Bishop takes over as CEO of Grail, the liquid biopsy startup

first_imgBiotech @matthewherper What is it? Hans Bishop is the new CEO of Grail. Juno Therapeutics What’s included? Grail, the San Francisco company that has raised $1.6 billion to develop a blood test to detect cancer, announced Thursday that it had appointed Hans Bishop, previously the CEO of Juno Therapeutics, as its new chief executive.Bishop, who led Juno until it was sold to Celgene for $9 billion in March 2018, will be the third chief executive Grail has had since it was founded in 2015. He will replace Jennifer Cook, a former Roche executive; Grail said Cook was leaving the CEO job for family health reasons. In a surprise, Hans Bishop takes over as CEO of Grail, the liquid biopsy startup Tags biotechnologycancer About the Author Reprints Log In | Learn More center_img GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Matthew Herper Senior Writer, Medicine, Editorial Director of Events Matthew covers medical innovation — both its promise and its perils. [email protected] Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. By Matthew Herper June 6, 2019 Reprintslast_img read more