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Business

Public sale Home Suspends Sale of 19th-Century Jewish Burial Data

Under National Socialist rule in 1944 around 18,000 Jews were deported in six trains from the city of Cluj-Napoca in what is now Romania to the Auschwitz-Birkenau extermination camp. Almost all of them perished. Jewish homes, offices, archives and synagogues in Cluj have been searched and properties looted, including books and historical records, leaving little traces of a once lively, mainly Hungarian-speaking community.

Today, decades after many of the few Holocaust survivors emigrated, the Jewish community there is only 350 and has little evidence of its history.

But this month a rare relic of Cluj’s Jewish past popped up at a New York auction house. A bound memorial register for Jewish burials in the city between 1836 and 1899 was one of 17 documents that were offered and then withdrawn from sale at Kestenbaum & Company, a Judaica auction house in Brooklyn.

The withdrawal was canceled at the request of the Cluj Jewish community and the World Jewish Restitution Organization, who requested the sale of the funeral register listed in the catalog for the February 18 auction and known as Pinkas Klali D’Chevra Kadisha.

The register, handwritten in Hebrew and Yiddish, with a detailed front page praising the funeral company leaders, was discovered online by a genealogist who alerted Robert Schwartz, president of Cluj’s Jewish community.

“Very little parish membership survived World War II,” says Schwartz. “It’s surprising that the book turned up at auction because nobody knew anything about its existence. We have few documents or books, so this manuscript is an important source of information about the 19th century church. “

Schwartz was one of the Holocaust survivors from Cluj. He was born hidden in a basement after his pregnant mother fled the city’s ghetto. As an eminent chemist, he has headed the Jewish community of Cluj, the fourth largest city in Romania and home to the country’s largest university, since 2010.

Under his leadership, the community has sought to rebuild, celebrate Jewish religious festivals with a wider audience, and hold scientific events in pre-pandemic times. The Neolog Synagogue, the only one of the three synagogues there that is still used as a Jewish place of worship, is currently being renovated and will house a small museum, Schwartz said. “This document could be very valuable as a key exhibit,” he said.

In a letter to the auction house earlier this month, Schwartz described the manuscript – which was estimated to fetch between $ 5,000 and $ 7,000 – as “very valuable to our community’s history” and said it was “illegally appropriated by those who did not were identified. “

He also sought assistance from the World Jewish Restitution Organization, which asked the auction house to stop selling both the Cluj funeral records and a similar register of the births and deaths of Jews from nearby Oradea. In its letter, the restitution organization stated that private institutions such as Kestenbaum were “responsible for ensuring that claims for the recovery of property seized by the Nazis are resolved quickly,” and cited international agreements on the return of cultural property and assets from the Holocaust looted by the Nazis. Time.

“Given the historically sensitive nature of the items we are entrusted with, the title question is of the utmost importance to us,” wrote Daniel Kestenbaum, founding chairman of the Judaica auction house, in an email. “In relation to recently acquired information, manuscripts were withdrawn from our Judaica auction in February.”

The shipper is “a learned businessman who has made enormous efforts for decades to save and preserve historical artifacts that would otherwise have been destroyed,” said Kestenbaum. The seller agreed to further discuss the matter with the refund organization, he said.

Zoltan Tibori Szabo, director of the Institute for Holocaust and Genocide Studies at the University of Cluj, said he was counting on the goodwill of the sender. If it is made available to researchers, the name of the newly discovered register will give scholars the names of the ancestors of the deportees, he said.

“When a person dies, they are usually remembered by their community and family,” he said. “But with hundreds of thousands of Jews in Eastern Europe, nothing was left of them – even their documents were robbed and disappeared. You cannot restore a community’s history without documents. We don’t even have a list of their names. “

While historical Jewish community registers are occasionally put up for sale, it’s unusual for so many to be auctioned off at once, said Jonathan Fishburn, a London-based Jewish and Hebrew book dealer. The market is generally limited to museums and libraries, although some private collectors with a connection to a particular region would also be potential customers, he said. Kestenbaum said that of the roughly 30,000 auction lots he has worked on in his career, only about 100 related to records he identified as critical to genealogical research.

“It’s about saving history,” said Gideon Taylor, chairman of operations for the World Jewish Restitution Organization. The newly discovered register “is a treasure and a rare window into the past,” he said. “Every name on this list is important.”

The discovery of these documents was “a symbol of a greater challenge,” he said. “How do we make sure that these pieces of history aren’t traded? We want to make sure we have a roadmap for the future. We will approach auction houses more systematically and look for partnerships. “

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Health

Folks Who Have Had Covid Ought to Get Single Vaccine Dose, Research Recommend

Almost 30 million people in the United States – and likely many others whose diseases have never been diagnosed – have been infected with the coronavirus to date. Should these people still be vaccinated?

Two new studies answer this question with an emphatic yes.

In fact, research suggests that for these people, just one dose of the vaccine is enough to charge their antibodies and destroy the coronavirus – and even some other infectious variants.

The results of these new studies are consistent with the results of two others published in the past few weeks. Taken together, the research suggests that people who have had Covid-19 should be immunized – but a single dose of the vaccine may be enough.

“I think it’s a really strong rationale for why people who were previously infected with Covid should get the vaccine,” said Jennifer Gommerman, an immunologist at the University of Toronto who was not involved in the new research.

A person’s immune response to a natural infection varies widely. Most people make plenty of antibodies that last for many months. However, some people who have had mild or no symptoms of Covid-19 produce few antibodies that quickly drop to undetectable levels.

The vaccines “even hit the pitch,” said Dr. Gommerman, so that anyone who has recovered from Covid-19 will make enough antibodies to protect against the virus.

The latest study, which has not yet been published in a scientific journal, analyzed blood samples from people with Covid-19. The results suggest that her immune system would have problems fighting off B.1.351, the coronavirus variant first identified in South Africa.

But a shot of the Pfizer BioNTech or Moderna vaccine changed the picture dramatically: It increased the amount of antibodies in her blood by a thousand times – “a massive, massive surge,” said Andrew T. McGuire, immunologist at Fred Hutchinson Cancer Research Center in Seattle, who led the study.

Rinsed with antibodies, samples from all participants were able to neutralize not only B.1.351, but also the coronavirus that caused the SARS epidemic in 2003.

In fact, the antibodies appeared to work better than those in people who did not have Covid and had received two doses of a vaccine. Several studies have shown that the Pfizer-BioNTech and Moderna vaccines are about five times less effective against the variant.

The researchers received blood samples from 10 volunteers in the Seattle Covid Cohort Study who were vaccinated months after contracting the coronavirus. Seven of the participants received the Pfizer BioNTech vaccine and three received the Moderna vaccine.

Blood taken about two to three weeks after vaccination showed a significant increase in antibody levels compared to the samples taken before vaccination. The researchers don’t yet know how long the increased levels of antibodies will last, but “hopefully they will last,” said Dr. McGuire.

Updated

Apr. 19, 2021 at 12:01 am ET

The researchers also saw a surge in immune cells remembering and fighting the virus, said Dr. McGuire. “It looks pretty clear that we are boosting their pre-existing immunity,” he said.

In another new study, New York University researchers found that a second dose of the vaccine was of no great benefit at all for people with Covid-19 – a phenomenon that has also been seen with vaccines against other viruses.

In this study, most people had been infected with the coronavirus eight or nine months previously, but their antibodies increased hundreds to a thousand times with the first dose of a vaccine. However, after the second dose, the antibody levels did not rise any further.

“It is real evidence of the strength of immunological memory that they are given a single dose and have a huge increase,” said Dr. Mark J. Mulligan, director of the NYU Langone Vaccine Center and lead author of the study.

In some parts of the world, including the United States, a significant minority of the population is already infected, noted Dr. Mulligan firmly. “You should definitely be vaccinated,” he said.

It is unclear whether the thousand-fold increase in antibody levels recorded in the laboratory will occur in real-world environments. However, research shows that a single shot is enough to significantly raise antibody levels, said Florian Krammer, an immunologist at the Icahn School of Medicine on Mount Sinai in New York.

Dr. Krammer led another of the new studies that showed that people who had Covid-19 and received a dose of vaccine had more serious side effects from the vaccination and had more antibodies than those who had not been infected before.

“When you put all four papers together, you get pretty good information about people who have had an infection and only need one vaccination,” said Dr. Krammer.

He and other researchers are trying to convince scientists from the Centers for Disease Control and Prevention to recommend only one dose for those who have recovered from Covid-19.

Ideally, these people should be monitored after the first shot in case their antibody levels drop after a few weeks or months, said Dennis R. Burton, an immunologist at the Scripps Research Institute in La Jolla, California.

The fact that the charged antibodies seen in the new study can fight the 2003 SARS virus suggests that a single dose of the vaccine may have induced the volunteer’s bodies to produce “largely neutralizing antibodies” – immune molecules that are able to target a wide range of related antibodies to viruses, said Dr. Burton.

He and other scientists have spent decades investigating whether largely neutralizing antibodies can fight multiple versions of HIV at the same time. HIV mutates faster than any other virus and evades most antibodies quickly.

The new coronavirus is mutating much more slowly, but there are now several variants of the virus that appear to have become more contagious or which are thwarting the immune system. The new study could provide clues on how to make a single vaccine that stimulates the production of largely neutralizing antibodies that can destroy all variants of the coronavirus, said Dr. Burton.

Without such a vaccine, scientists would have to adjust the vaccines every time the virus changes significantly. “You’re kind of a whac-a-mole approach,” he said. It will likely take many months, if not more, to develop and test this type of vaccine against the coronavirus, but “this is the longer term way to approach this virus.”

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Business

Tyson Meals begins vaccinating staff, however struggles to search out doses

When looking for access to Covid vaccines, large employers like Tyson Foods are no better off than many individual Americans. Tight supplies usually keep them waiting.

The meat processing company received its largest vaccine allocation this week and is vaccinating workers at its plants in Missouri, Illinois and Virginia. But there are only 1,000 cans in the three states.

Executives say they have received 25 to 50 doses at a time so far this month to vaccinate their occupational health workers and workers over 65

“We are not turning down opportunities to obtain vaccines for our team members,” said Tom Brower, senior vice president of health and safety, Tyson.

However, the options were limited. With 120,000 workers in two dozen states, the company has not been able to get anywhere near enough supplies to keep vaccination clinics on a large scale.

“We’re coming into these jurisdictions and asking for 1,000 or 1,500 doses,” said Dr. Daniel Castillo, chief medical officer of Matrix Medical Network, Tyson’s professional health care provider, who conducted on-site testing of the meat packer.

Even in states that are now providing access to vaccines for key workers, the uncertainty of vaccine supplies is hanging over large employers. The local health authorities cannot give them a schedule of when to get access.

“They don’t know how much they actually have to allocate to us sometimes. That’s part of the challenge of really not having that line of sight,” Castillo said.

Tyson and rival meat packers JBS and Smithfield Foods came under fire at their facilities at the start of the pandemic due to widespread Covid outbreaks. At Tyson’s pork processing plant in Iowa, managers were laid off after a probe found they had bet how many workers would get sick. Congress has launched an investigation into security vulnerabilities in meat packers. Tyson and the other companies are working with the probe.

According to the Food & Environment Reporting Network monitoring group, more than 12,500 Tyson employees have been infected with the coronavirus since the pandemic began. Tyson won’t confirm the numbers, but says the Covid-19 protocols he has been running have kept workers safe.

The company has worked with Matrix Medical on tests to contain potential outbreaks and put in place safety measures such as plastic partitions to reduce potential exposure on production lines. Last year they also expanded the on-site health clinics and launched a pilot program to provide no-copay basic care services as part of a longer-term initiative to improve the general health of workers.

While a number of companies are offering cash rewards to motivate workers to get the vaccine, Tyson has chosen to persuade its mostly Latin American and African American meat packers through an awareness campaign against the hesitation of the vaccine.

“We didn’t want to take the approach of contracting the vaccine. We really want to help team members make informed decisions about their own health care and safety,” said Brower.

It’s not the only big employer standing empty of competition to track down the vaccine doses. Amazon, Walmart, and others are calling on federal and state officials to provide access to on-site vaccinations and even contact vaccine manufacturers to secure supplies, which has had little success so far.

“If every road leads to the same place, which is a rare vaccine, it’ll be a challenge no matter which road,” Castillo said.

Companies don’t want to be seen as an attempt to cross the line – they argue that they can unburden the system for individuals by vaccinating their large employee populations. In the meantime, Tyson is giving employees four hours of paid time off to get a vaccine elsewhere if they can get an appointment.

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World News

Bitcoin hits $1 trillion in market worth as cryptocurrency surge continues

Yuriko Nakao | Getty Images

Bitcoin price passed another major milestone on Friday as the cryptocurrency’s market value surpassed $ 1 trillion, according to Coindesk.

The digital currency was trading at just under $ 54,000 per coin on Friday as it hit new levels, up more than 3% in the past 24 hours. The price of Bitcoin has increased by around 350% in the past six months. Before its recent surge, the digital asset never traded above $ 20,000.

The move was driven in part by the increased adoption of cryptocurrency by major investors and corporations. The oldest bank in the United States, the Bank of New York Mellon, announced earlier this month that it would be moving into space. Elon Musk’s Tesla converted part of its balance sheet money into Bitcoin earlier this year and announced that it would accept the digital tokens as a means of payment.

Bitcoin “has started to get so big that it is arguably creating its own demand as companies and institutions begin to move into an area they would not have touched a few months earlier,” said Deutsche Bank research strategist Jim Reid , in a note. “Ironically, it is turning into a credible asset class for many by rebounding so much lately and also increasing institutional buy-in.”

The market value is calculated by multiplying the Bitcoin price by the number created. While this is not a perfect comparison, its market value of $ 1 trillion would make Bitcoin’s value higher than all but a handful of stocks in the world. For example, Tesla has a market capitalization of around $ 700 billion, while Apple is valued at more than $ 2 trillion.

Pro-Bitcoin investors and entrepreneurs celebrated the milestone on social media.

“From the white paper to $ 1 trillion. #Bitcoin eats gold alive,” Gemini’s Cameron Winklevoss said on Twitter.

“RIP bears,” tweeted Anthony Pompliano, co-founder of Morgan Creek Digital Assets.

Of course, not everyone on Wall Street was convinced of Bitcoin’s future prospects. Citadel Securities founder Ken Griffin said Friday he was not interested in cryptocurrency while researchers at JPMorgan said Bitcoin’s rally was unsustainable.

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Politics

Capitol Police suspends 6 officers, investigates dozens extra in probe of Jan. 6 riot

A US Capitol police car drives past the US Capitol in Washington, USA on January 26, 2021.

Al Drago | Reuters

The U.S. Capitol Police have suspended six paid officers and are investigating the behavior of more than two dozen others involved in responding to the deadly Capitol riot, the NBC News division said Friday.

The department’s investigation into the January 6 attack, which resulted in five deaths and triggered a joint session of Congress focusing on safety concerns, “is still under investigation,” spokesman John Stolnis said in a statement.

The USCP’s Personal Responsibility Office “is investigating the actions of 35 police officers as of that day,” six of whom are currently suspended for payment, the statement said.

Yogananda Pittman, who took office as incumbent chief shortly after Steven Sund resigned from the USCP following the Capitol violation, “has ordered that any member of her department whose conduct does not comply with the department’s code of conduct be subjected to appropriate discipline will be. “according to Stolnis.

The investigation’s update comes days after House spokeswoman Nancy Pelosi, D-Calif., Announced that Congress will set up an independent commission to investigate the storming of the Capitol by a group of supporters of former President Donald Trump should.

Pelosi’s office did not immediately respond to CNBC’s request for comment on the USCP statement.

Dozens of officials from across the country who took part in the riot or attended Trump’s rally nearby before the mob attacked the Capitol were investigated by their departments, according to an Associated Press poll last month. Some have been charged while others have been on leave, the AP reported.

The security failure that resulted in the Capitol being overrun by Trump’s supporters sparked a massive backlash against the USCP and its leadership. The department’s police union reportedly passed a vote of no confidence in the armed forces’ top leaders, including Pittman, earlier this month.

– CNBC’s Christian Nunley contributed to this report.

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Business

Fb, Google and Twitter C.E.O.s to Face Lawmakers Once more: Dwell Updates

Here’s what you need to know:

Credit…Lm Otero Jose Luis Magana/Associated Press

The chief executives of Facebook, Google and Twitter will face skeptical lawmakers again next month when a congressional committee questions them about the ways disinformation spreads across their platforms.

The House Energy and Commerce Committee said Thursday that it would hold a hearing on March 25 with Mark Zuckerberg of Facebook, Sundar Pichai of Google and Jack Dorsey of Twitter.

The committee has been examining the future of Section 230 of the Communications Decency Act, a 1996 law that shields the platforms from lawsuits over much of the content posted by their users. The attack on the Capitol on Jan. 6, which included participants with ties to QAnon and other conspiracy theories that have spread widely online, has renewed concerns that the law allows the platforms to take a hands-off approach to extremist content.

“For far too long, Big Tech has failed to acknowledge the role they’ve played in fomenting and elevating blatantly false information to its online audiences,” a group of the committee’s top Democrats said in a statement. “Industry self-regulation has failed.”

Andy Stone, a spokesman for Facebook, said the company “believes it’s time to update the rules of the internet, and this hearing should be another important step in the process.”

The House Judiciary Committee announced its own set of hearings on the tech industry on Thursday. It said it would hold multiple hearings on how to update antitrust laws to address the power of the tech giants. The committee questioned chief executives before concluding a lengthy investigation into the companies last year.

The Judiciary Committee’s first hearing will take place on Wednesday.

An all-electric Renault Zoe. Renault’s chief executive, Luca de Meo, last month presented a plan to return the automaker to profitability.Credit…Samuel Zeller for The New York Times

Renault, the French carmaker, reported a loss of 8 billion euros, or $9.7 billion, in 2020 as the pandemic gutted sales, but the company said that was profitable in the later part of the year.

Most of the annual loss stemmed from Renault’s stake in its troubled partner, Nissan. Losses at the Japanese carmaker drained €5 billion from the bottom line, Renault said. In addition, Renault car sales plunged 20 percent for the year, to just short of three million vehicles.

“After a first half impacted by Covid-19, the group has significantly turned around its performance in the second half,” Luca de Meo, Renault’s chief executive, said in a statement, without giving a figure. He said that 2021 was “set to be difficult given the unknowns regarding the health crisis as well as electronic components supply shortages.”

In 2021, shortages of semiconductors, a problem for almost all carmakers, could cut production by as much as 100,000 vehicles, Renault said.

Mr. de Meo, who became Renault’s chief executive in July, last month announced a plan to return to profitability that includes cuts in production capacity, sales of fewer models and increased parts sharing among vehicles to simplify manufacturing.

A tractor trailer is stuck in the ice and snow in Killeen, Texas. The winter storms that wreaked havoc across the South and Midwest have affected futures for oil and natural gas prices.Credit…Joe Raedle/Getty Images

  • Oil futures are trending downward after jumping earlier in the week, while natural gas gyrated through the day. Both were affected by the fierce winter storms that caused millions of people to go without power across Texas this week.

  • West Texas Intermediate, the U.S. benchmark crude, was down 2 percent on Friday, to about $59.35 a barrel. It had jumped 6 percent between Friday and Wednesday, as oil production was hindered by the weather.

  • Natural gas futures, which rose as a result of the storms, have moved up and down in recent days. On Friday they initially fell 3 percent before rebounding and eventually gaining nearly 1 percent from Thursday’s close. They still remain elevated from last week.

  • Word that the Biden administration was offering to restart talks to restore an accord limiting Iran’s nuclear program was seen as weighing on oil prices. Lifting sanctions against Iran could allow it sell more oil on the global market. Brent crude, the international benchmark, was down 1.2 percent on Friday, to just over $63 a barrel.

  • Wall Street had an upbeat start of trading on Friday. The S&P 500 rose 0.2 percent after falling 0.4 percent on Thursday, halting four consecutive days of gains.

  • Shares of Uber rose 0.5 percent after Britain’s Supreme Court ruled that the company’s drivers must be classified as workers entitled to a minimum wage and vacation time. The case had been closely watched because of its ramifications for the gig economy.

  • European markets were broadly higher, with the Stoxx Europe 600 up 0.5 percent and FTSE 100 in Britain gaining 0.2 percent. Asian markets closed mixed, with the Nikkei in Japan down 0.7 percent while the Shanghai composite in China rose 0.6 percent.

  • Purchasing managers index data for February, from Markit, showed a range of trends across Europe. The France composite output index hit a three-month low, reflecting the restrictions on business activity imposed by the latest lockdown. The Germany composite index rose, helped by an export-led manufacturing upturn.

  • In Britain, retail sales fell 8.2 percent in January compared with the preceding month, government data said, a downturn that was sharpened by a lockdown that started in the new year. But the decline was less than expected, and also not as bad as the 22 percent drop seen in April, when Britain went into an earlier lockdown. The Office of National Statistics said some of the improvement probably came from businesses learning to adapt to lockdowns, with more online and click-and-collect sales.

Manessa Grady and her sons Zechariah, 8, left, and Noah, 9, were among the millions of Texas residents who lost power this week.Credit…Tamir Kalifa for The New York Times

In California, wildfires and heat waves in recent years forced utilities to shut off power to millions of homes and businesses. Now, Texas is learning that deadly winter storms and intense cold can do the same.

Bill Magness, the president and chief executive of the Electric Reliability Council of Texas, the state’s grid operator, said on Thursday that Texas was “seconds and minutes” from a catastrophic blackout this week as rotating outages were used to control the flow of electricity.

The country’s two largest states have taken very different approaches to managing their energy needs — Texas deregulated aggressively, letting the free market flourish, while California embraced environmental regulations. Yet the two states are confronting the same ominous reality: They may be woefully unprepared for the increasing frequency and severity of natural disasters caused by climate change.

Blackouts in Texas and California have revealed that power plants can be strained and knocked offline by the kind of extreme cold and hot weather that climate scientists have said will become more common as greenhouse gases build up in the atmosphere.

The problems in Texas and California highlight the challenge the Biden administration will face in modernizing the electricity system to run entirely on wind turbines, solar panels, batteries and other zero-emission technologies by 2035 — a goal that President Biden set during the 2020 campaign.

The federal government and energy businesses may have to spend trillions of dollars to harden electricity grids against the threat posed by climate change and to move away from the fossil fuels responsible for the warming of the planet in the first place. These are not new ideas. Scholars have long warned that American electricity grids, which are run regionally, will come under increasing strain and needed major upgrades.

“We really need to change our paradigm, particularly utilities, because they are becoming much more vulnerable to disaster,” Najmedin Meshkati, an engineering professor at the University of Southern California, said about blackouts in Texas and California. “They need to always think about literally the worst-case scenario because the worst-case scenario is going to happen.”

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Congressman Calls Robinhood’s Help Line and Gets Voicemail

After telling the House Financial Services Committee about the suicide of Robinhood user Alex Kearns, who died believing he had lost $730,000 on the brokerage app, Representative Sean Casten called its help line.

June 2020, Alex Kearns, who was 20 years old at the time, from Naperville, Illinois, killed himself, largely thanks to a bug in the Robinhood system. The bug was that he turned on the app, it said he owed $730,000 that he did not have, because of options positions that he thought canceled out but didn’t appear to. He called the help line. The help line, of course, was not manned, as we’ve discussed. He sent several panicked emails — three, to be precise — did not receive a response. Ultimately there was a response from the emails saying that, in fact, his positions were covered. But by that point, it was too late, because he had taken his own life. The — this is a gentleman who is 20 years old. Under Illinois law, he was not allowed to buy a beer, but he was allowed to take on $730,000 in positions and exposure that he did not have the liquidity to cover. Your mission, Mr. Tenev, is to democratize finance. But the history of financial regulation is to protect people like Alex Kearns from the system. As the old joke goes, if you’re playing poker and you can’t figure out who the fish is at the table, you should leave the table because you’re probably the fish. And there is an innate tension in your business model between democratizing finance, which is a noble calling, and being a conduit to feed fish to sharks. So I’m nervous. I think I got an exposure. And I call your help line now. Let’s call and let’s listen in the time we have remaining to what I’m going to hear on the other end of the phone. Voicemail: “Thank you for calling Robinhood. Please visit us at robinhood.com or on our app for support. If you have an urgent trading need, please make sure to include details of it when reaching out. Thanks have a great day.”

Video player loadingAfter telling the House Financial Services Committee about the suicide of Robinhood user Alex Kearns, who died believing he had lost $730,000 on the brokerage app, Representative Sean Casten called its help line.CreditCredit…via C-Span

The chief executives of Robinhood, Reddit, Citadel and Melvin Capital Management were among the witnesses at a hearing on the GameStop trading frenzy held by the House Financial Services Committee on Thursday.

  • Vlad Tenev, the chief executive of Robinhood, was the target for both Democrats and Republicans, fielding more than half of the lawmakers’ questions. “I love your company because it does, when correctly managed, provide investment opportunities for individuals who are currently frozen out of the markets for one reason or another,” said Representative Anthony Gonzalez, Republican of Ohio. He added: “At the same time, though, I believe a vulnerability was clearly exposed in your business model.”

  • Representative Sean Casten, an Illinois Democrat, capped his sharp questioning of Mr. Tenev, in which he relayed the story of a 20-year-old college student who killed himself last summer believing that he’d lost more than $700,000, by dialing the Robinhood help line and letting everyone listen in as a short message was played and the call was terminated. Representative Alexandria Ocasio-Cortez, Democrat of New York, said Robinhood’s decisions had “harmed customers,” and accused it of passing on hidden costs to its customers.

  • Keith Gill — known on YouTube as Roaring Kitty — testified that his interest in the company was based on his belief that the market was underestimating the brick-and-mortar retailer’s value. His testimony included winking references — such as dangling what appeared to be his oft-worn red headband off a picture of a kitten visible over his shoulder and the statement “I am not a cat” — to internet meme culture.

  • Several harsh questions were directed at Kenneth C. Griffin, the chief of Citadel. Members of Congress asked skeptical questions about Citadel’s practice of paying to trade against customers at online brokers like Robinhood. Mr. Griffin tried to explain the intricacies of the business but was often cut off. “Our folks are tired of bailing you all out when you screw up and gamble with the retirement fund. And that’s exactly what happens every single moment,” Representative Rashida Tlaib, Democrat of Michigan, said to him.

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Entertainment

Don Letts, Mad Professor Workforce With Occasions on Carnival Story

He has been a regular at the Notting Hill Carnival for over 40 years. In 2009 he made the documentary “Carnival!” About the history and politics of the festival.

When asked about a “typical” Carnival anthem, Mr. Letts initially dismissed the task as impossible. However, after pondering, he referred us to an old friend, producer Mad Professor, and his 2005 track “Elaine the Osaka Dancer” – “A strange title, I know,” said Mr. Letts – written for a performer. Panafricanist, on the Mad Professor’s label. Mad Professor, whose name is Neil Fraser, is himself a household name in British music history. He pioneered the creation of the British dub sound, working with artists such as Sade and Massive Attack.

Mr. Letts chose Elaine because he put it this way: “At Carnival, you can stand on a street corner and hear a swimmer with steel pans go by, along with the sound of a Jamaican sound system just around the corner. This song perfectly captures that sound: the collision of calypso and soca with the bass-heavy rhythms of reggae. “

Mad Professor agreed to license the song and we asked him to break it down into individual instruments Tracks or “stems”, each of which is then manipulated by the user of the Instagram effect.

This process turned out to be a little more analog – and more careful – than expected. Once when asked for a progress report, Mad Professor announced that he was “baking the tapes” – which may sound like a bit of music producer slang (or it did to me anyway). In fact, it is a literal description of the process by which analog master tapes are restored by exposing them to high temperature for hours, which reduces humidity levels which can affect the quality of the tapes.

Once the tapes were baked and the stems sourced, our graphics and R&D team built the Instagram effect. This effect allows the user to play with drums, bass, horns and steel pan tracks while seeing comments from Letts on why each element is crucial to a Carnival song.

It’s not the same as dancing to steel pans in the summer heat on a simmering street in Notting Hill, London. But in a year when Carnival has been canceled almost everywhere, we hope you get as close to that feeling as possible.

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Health

Pfizer asks FDA to approve storing doses at greater temperatures

A picture taken on January 15, 2021 shows a pharmacist holding a vial of undiluted Pfizer BioNTech vaccine for Covid-19 with gloved hands, which is stored at -70 ° in a super freezer at Le Mans hospital in northwestern France became country runs a vaccination campaign to fight the spread of the novel coronavirus.

Jean-Francois Monier | AFP | Getty Images

Pfizer is asking the Food and Drug Administration for permission to store its Covid-19 vaccine for two weeks at temperatures typically found in pharmaceutical freezers and refrigerators, the US drug maker said on Friday.

The vaccine, which was developed with the German drug manufacturer BioNTech, currently has to be stored in ultra-cold freezers, which, according to the FDA, are between minus 112 and minus 76 degrees Fahrenheit. Pfizer said it presented new data to the U.S. agency showing the vaccine is stable between negative 13 and 5 degrees Fahrenheit.

If the FDA grants the OK, it could simplify the logistics for distributing the vaccine in the US. Federal and state officials are trying to speed up the pace of vaccinations across the country as the virus continues to spread.

“We have continuously conducted stability studies to support the manufacture of the vaccine on a commercial scale with the aim of making the vaccine as accessible as possible to healthcare providers and people in the US and around the world,” said Albert Bourla, CEO of Pfizer a publication. “If approved, this new storage option would offer pharmacies and vaccination centers more flexibility in managing their vaccine supplies.”

Medical experts had previously warned that Pfizer’s vaccine would pose a new logistical challenge as it would have to be stored in ultra-cold temperatures. In December, US officials said they quarantined several thousand doses of the vaccine in California and Alabama after an “anomaly” in the transportation process caused the storage temperature to become too cold.

The vaccine comes in a special warming container that can be used as a temporary storage facility for up to 30 days, with dry ice refilled every five days. The vaccine can also be refrigerated for up to five days at a standard refrigerator temperature of between 36 and 46 degrees Fahrenheit, according to the company, before mixing it with a salt diluent.

In comparison, Moderna’s vaccine has to be delivered between 13 and 5 degrees Fahrenheit. It has said its vaccine will stay stable for up to 30 days at 36 to 46 degrees Fahrenheit, the temperature of a regular household or medical refrigerator. It can be stored at minus 4 degrees Fahrenheit for up to six months.

Johnson & Johnson’s Covid vaccine, expected to receive FDA emergency approval as early as this month, plans to ship its vaccine at 36 to 46 degrees Fahrenheit.

As additional stability data will be obtained, Pfizer believes that shelf life could be extended and alternative short term temperature storage could be considered.

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Business

The best way to give to a charity crowdfunding drive with out getting scammed

According to the latest data from the Association of Fundraising Professionals, Americans have opened their wallets in response to crises like Covid-19 and racial injustice.

The organization reports a 7.6% increase in the amount donated in the first nine months of 2020. Leading the increase: lower contributions of $ 250 or less.

At the same time, non-traditional fundraising campaigns through crowdfunding sites like GoFundMe had unprecedented success over the past year. According to the site’s 2020 Giving Report, the year was the largest fundraiser in the site’s history – $ 44 million to fight hunger in an action led by Leonardo DiCaprio and Laurene Powell Jobs.

GoFundMe also announced that it held various $ 625 million fundraising drives in support of Covid between March and June. 500,000 donors have contributed to the official George Floyd Memorial Fund, the most individual donor ever won for a GoFundMe campaign.

Add to this thousands of tiny drives for everything from people’s medical expenses to their tuition fees, and charity experts agree that crowdfunding is and will likely stay a great alternative to traditional charity fundraising.

Boston-based marketing consultant Julia Campbell, who works with nonprofits, attributes the shift to what she believes is an unjustified distrust of nonprofits, especially younger donors.

“They don’t want to give money that they think is institutionalized,” Campbell told CNBC’s American Greed. “I think that has hit the nonprofit sector even more as trust wanes.”

A donation to an online fundraising campaign – whether via GoFundMe, Facebook or other websites – can, however, involve its own risks, despite the extensive security precautions that the platforms have taken.

Crowd scamming

In one of the most notorious cases of fundraiser trying to suppress a scam, New Jersey’s Mark D’Amico and Katelyn McClure raised more than $ 400,000 to help Johnny Bobbitt – a homeless man who McClure ran into after a petrol shortage met Philadelphia in 2017.

When the three of them told the story, Bobbitt was a veteran who had lost his luck. He saw McClure stranded on the side of the road and came to her aid. He went to a gas station, spent his last $ 20 to buy her gasoline, and helped her on her way.

A picture of Katelyn McClure (right), Mark D’Amico (center), and Johnny Bobbitt Jr. is displayed during a press conference in Mt. Holly, NJ, Thursday, November 15, 2018.

Seth Little | AP

McClure and D’Amico launched a GoFundMe campaign that went viral. But the story began to unravel when Bobbitt later claimed he hadn’t received any of the crowdsourcing funds and even filed a lawsuit against the couple.

Prosecutors said D’Amico and McClure spent and gambled away most of the money. And it turned out that Bobbitt was also involved in the fraud in exchange for some of the money. The story of McClure running out of gas and Bobbitt coming to her aid was fiction.

Adrienne Gonzalez, founder of the watchdog website GoFraudMe.com, said the three were dangerously close to getting away with their cheating until Bobbitt suspected that his criminal partners had cheated on him.

“Had they split it up three ways and given the homeless man his cut, would we ever have heard of it? No, I don’t think we would,” she said.

Bobbitt and McClure pleaded guilty to the fraud. Bobbitt was sentenced to one year probation for conspiracy to steal by fraud. He is convicted of a single federal conspiracy on money laundering in October.

McClure has yet to be convicted of second degree theft through deception and conspiracy to launder money. She has agreed to testify against D’Amico, her former boyfriend.

D’Amico has pleaded guilty to a single state charge of misuse of entrusted property and has been sentenced to five years in prison. But he has pleaded not guilty of 16 point charges of fraud and conspiracy. His trial is suspended because of the pandemic.

GoFundMe said it honored its guarantee and returned all of the money raised in the fraudulent campaign, adding to the 14,000 people who donated in total.

CEO Rob Solomon told NBC News in 2019 that the site had tightened its anti-fraud measures following the attempted fraud. The website relies heavily on the user community to report suspicious activity. He said the 2017 scam couldn’t happen today.

“Abuse on the platform is very rare. Less than a tenth of 1 percent of all campaigns lead to abuse,” he said.

Sniff test

If an online fundraiser appeals to you and you believe that an established charity cannot meet the need, Campbell suggests stepping back and doing additional due diligence before donating.

“There’s a sniff test,” she said. “What is the purpose? How are the funds used? Does that sound suspicious in any way?”

Look for details about the intended recipient of the money. Look for their social media profiles.

“See if you just opened your account like you just got on Facebook this month,” said Campbell. “Do you have less than 40 friends? And look at the photos and pictures they are using. If they only have one photo, it is most likely a scam account and you should be clear about control.”

Also, take a close look at the photos on the fundraiser website to make sure they are real. You can do a google reverse image search by dragging the photo into the site’s search window. This can tell you if the fundraiser uses a photo or an image that was used by someone else.

Be especially careful when it comes to someone raising money for third parties, like D’Amico and McClure, who are raising funds for Bobbitt. What’s the connection? Is it real

“Look for specific details for the victim, for the family, and then find your own connections,” Campbell said. “Have your friends and family donated? Are they in any way connected to this person?”

Charity begins at home

GoFundMe has raised 65 million donations over the past 10 years, including many to charities. The organization says 110,000 charities benefited from their fundraising drives.

Campbell believes the platform has caught on with people who want a more hands-on approach to giving rather than donating money to a large, impersonal, national charity.

“They want to go and actually give coats to the homeless. They want to make sandwiches and serve them,” she said. However, a more effective approach could be to contribute to local organizations.

“I believe in national charities, but it’s the best way to donate locally, and only donate to causes you care about, helping nonprofits, and building the capacity of your local library, food bank, and animal shelter help the community, “she said.

Experts agree that despite last year’s fundraising records, challenges in fighting the pandemic have forced many charities to lay off employees or curtail services.

That makes it important to pass on, regardless of the platform and the amount.

“I think the perception is that $ 10 is going to go into a deep, dark hole,” said Campbell. “Trust me when I say $ 10, especially if you do it monthly, it can make such a big difference to these organizations.”

Just do some homework before you give.

See how crowdfunding scammers try to corrupt the system and steal from the really needy. Catch a brand new episode of “American Greed” on Monday, February 22nd at 10pm ET / PT on CNBC.

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Health

‘I Am Value It’: Why 1000’s of Docs in America Can’t Get a Job

The 61 percent match rate for international students may underestimate the problem, say some experts, as medical students who do not receive interview offers are not considered. With these students included, the match rate for international medical students can drop to as little as 50 percent.

The directors of the residency program said that in recent years they have stepped up their efforts to take a holistic view of candidates. “Straight A’s in college and perfect test scores aren’t perfect candidates,” said Dr. Susana Morales, Associate Professor of Clinical Medicine at Weill Cornell Medicine in New York. “We are interested in the diversity of the background and the geographic diversity.”

Some international medical students struggling to agree have been looking for alternative routes into medical work. Arkansas and Missouri are among the states that offer internship licenses to people who have completed their license exams but are not yet a resident. Unsurpassed doctors who wanted to use their clinical skills to help with the pandemic said they had found the opportunity to serve as interns, which was particularly significant during the crisis.

After failing a first attempt at a license exam and then passing her second attempt, 30-year-old Dr. Faarina Khan excluded from the matching process. In the past five years, she has spent more than $ 30,000 on application fees. With an assistant doctor license, she was able to join the Missouri Disaster Medical Assistance Team in the spring and help in medical facilities where employees had tested positive for coronavirus.

“Hospitals need to recognize that there are people in my position who could be in for work within the hour if someone calls us,” said Dr. Khan. “I didn’t go to medical school to sit on the sidelines.”

Some states are considering legislation that would allow similar licensing. This position typically pays about $ 55,000 a year – much less than a doctor could make – making it difficult to repay loans, but it allows medical school graduates to keep up with their clinical education.

Dr. Cromblin, of Prattville, Alabama, felt a similar urge to join the Covid-19 front in the spring. She had defaulted on a loan and little in her bank account, but as soon as she got her stimulus check she bought a plane ticket to New York. She spent the month of April volunteering with the medical staff at Jamaica Medical Center in Queens.