Categories
Politics

Feinstein’s Future May Swing on Husband’s Potential Posting Abroad

According to White House staff, Mr. Biden is open to appointing Mr. Blum as an ambassador who is among the most desirable positions in any administration. After prioritizing the appointments of their West Wing and Cabinet staff, the President and his top advisors have only recently considered who to send overseas.

A potential ambassador, speaking on a sensitive subject on condition of anonymity, said Mr Biden himself wanted to think about the list of potential candidates and did not feel rushed.

There is, however, an increasing impatience among potential envoys. Former Senators, including some who have served in the Senate with Mr. Biden, are trying particularly hard to clarify and have noted how few in their ranks have joined the administration, according to a prominent Democrat who spoke to them .

The President, himself a former chairman of the Senate Foreign Relations Committee, is attempting a delicate balancing act: He rewards loyal donors and former colleagues without flooding the diplomatic corps with political representatives, as some of his staff do for former President Donald J. Trump had held.

Former senators who could be named ambassadors include Jeff Flake, the Arizona Republican who supported Mr. Biden; Joe Donnelly from Indiana; Heidi Heitkamp from North Dakota; Ken Salazar from Colorado; and Christopher J. Dodd of Connecticut.

It’s not just former members of Congress looking for positions. A handful of current lawmakers are still hoping to join the government but are waiting based on Mr Biden’s own deliberations and the narrow Democratic majority. For example, Nevada representative Dina Titus, an early Biden supporter, is hoping for a message, but currently there are three Democratic posts in the House where the party has a slim majority.

However, Mr Blum’s wish for a message could prove to be a consequence. California Governor Gavin Newsom promised in an interview with MSNBC’s Joy Reid Monday night that he would appoint a black woman to replace Ms. Feinstein. He admitted that he had “multiple names in mind” for a vacancy that didn’t exist.

Categories
Business

‘I Have No Cash for Meals’: Among the many Younger, Starvation Is Rising

PARIS – Amandine Chéreau rushed out of her cramped student apartment in the suburbs of Paris to catch a train for a one-hour ride into town. Her stomach growled with hunger, she said as she walked to a student-run grocery bank near the Bastille, where she joined a serpentine line with 500 young people waiting for leaflets.

Ms. Chéreau, 19, a college student, ran out of savings in September after the pandemic ended the babysitting and restaurant jobs she relied on. By October, she’d had one meal a day and said she’d lost 20 pounds.

“I have no money for food,” said Ms. Chéreau, whose father helps pay her tuition and rent but was unable to send after being fired from his 20-year job in August. “It’s terrifying,” she added as the students around her reached for vegetables, pasta, and milk. “And it all happens so quickly.”

As the second year of the pandemic begins, humanitarian organizations across Europe are warning of an alarming rise in food insecurity among young people after their families have experienced constant campus closures, downsizing and layoffs. A growing proportion face hunger and increasing financial and psychological stress, which exacerbates the differences for the most vulnerable population groups.

Food aid dependency is growing in Europe as hundreds of millions of people around the world face a worsening crisis in how to meet their basic food needs. As the global economy struggles to recover from the worst recession since World War II, hunger is rising.

In the United States, almost one in eight households does not have enough to eat. People in countries where there is already a lack of food are facing a major crisis. According to the United Nations World Food Program, food insecurity in developing countries is expected to almost double to 265 million people.

In France, Europe’s second largest economy, half of young adults have limited or unsafe access to food. Almost a quarter routinely skip at least one meal a day, according to the Cercle des Économistes, a French economic think tank that advises the government.

President Emmanuel Macron acknowledged a growing crisis after undergraduate and postgraduate students demonstrated in cities across France where higher education is considered a right and the state pays most of its costs. He announced a rapid relief plan that includes € 1 daily meals in university cafeterias, psychological support and a review of financial support for those facing “permanent and notable decline in family income”.

“Covid created a deep and serious social emergency that quickly got people into trouble,” said Julien Meimon, president of Linkee, a statewide food bank that has set up new services for students who cannot get enough food. “The students have become the new face of this precariousness,” he said.

Food insecurity among college students was not uncommon before the pandemic. However, the problem has worsened since European countries imposed national bans last spring to contain the coronavirus.

Aid organizations, which mainly fed refugees, the homeless and people below the poverty line, have realigned their operations to meet the growing demand among young people. At Restos du Coeur, one of France’s largest food banks with 1,900 branches, the number of young adults under 25 standing in line for meals has risen to almost 40 percent.

Over eight million people in France visited a food bank last year, compared to 5.5 million in 2019. Demand for food aid across Europe has increased by 30 percent, according to the European Food Banks Federation.

While the government subsidizes campus meals, it does not provide pantries. As the cost of nutrition becomes insurmountable for students with little or no income, university administrators have turned to relief groups to help fight hunger.

The pandemic has eliminated jobs in restaurants, tourism and other hard-hit sectors that were once easily accessible to young people. According to the National Observatory of Student Life, two-thirds lost the jobs that helped them make ends meet.

“We have to work, but we can’t find jobs,” said Iverson Rozas, 23, a linguistics student at New Sorbonne University in Paris, whose part-time job was reduced to one five evenings a week in a restaurant and left with just 50 euros that you can spend on food every month.

Updated

March 16, 2021, 7:09 p.m. ET

One last day of the week, he stood in a row that spanned three blocks of town for the Linkee Food Bank near the French National Library, with students graduating in math, physics, law, philosophy, or biology.

“A lot of people here have never visited a food bank, but now they live hand-to-mouth,” Meimon said. Many thought such places were for poor people – not them, he added. To ease the feeling of stigma, Linkee tries to create a festive atmosphere with helpful volunteers and student bands.

Layoffs within a family deepen the domino effect. In France, where the average takeaway pay is 1,750 euros per month, the government has spent hundreds of billions of euros to limit mass layoffs and prevent bankruptcies. But that didn’t protect parents from the growing number of recessions.

This was the case with Ms. Chéreau, who studied history and archeology at the Université Panthéon-Sorbonne in the second year and whose family contributes around 500 euros a month to her expenses.

Shortly after she lost her student jobs, her father was plunged into unemployment when the company where he spent his career collapsed. Then her mother was put on paid leave and her income cut by over 20 percent.

When Ms. Chéreau ran out of savings, she went into debt. Then her pantry ran out of food, she almost stopped eating, and quickly lost weight.

She had heard from friends about the student food banks and now, she said, they are the only way she eats. Even so, she carefully rations what she gets and drinks water to combat hunger between her daily meals.

Class disturbed

Updated March 15, 2021

The latest on how the pandemic is changing education.

“It was hard at first,” Ms. Chéreau said, clutching a folder of homework she brought to work on while she stood on the food line. “But now I’m used to it.”

Mr Macron’s actions are welcome, but they can only help so much. In the northwestern city of Rennes, the € 1 dishes are so popular that they attract queues for over an hour. But some people have to take courses online and can’t wait that long. Others live too far away.

“A lot of people just go without food,” said Alan Guillemin, co-president of the student union at the University of Rennes.

The demand is so great that some enterprising students have started to address an urgent need.

Co’p1 / Solidarités Étudiantes, the grocery bank visited by Ms Chéreau, opened near the Bastille in October when six students from Paris’s Sorbonne University joined forces after more peers went hungry.

With the support of the Paris Mayor’s Office and the Red Cross, they negotiated donations from supermarkets and food companies like Danone. Now 250 volunteer students are organizing pasta, muesli, baguettes, milk, soda, vegetables and hygiene items to cater to 1,000 students a week – although the need is five times greater, said Ulysse Guttmann-Faure, law student and founder of the group. Students go online to reserve a place on the line.

“At first it took three days for these slots to fill up,” he said. “Now you are booked in three hours.”

Food banks like this one, run by volunteer students for other students, have become a rare ray of hope for thousands who have silently struggled to cope with the psychological stress of living with the pandemic.

Thomas Naves, 23, A Nanterre University scholarship student philosophy student said he felt abandoned and isolated after months of taking online classes in a tiny studio.

When his student jobs were cut, he looked for food banks that were set up on his campus twice a week. There he not only found much-needed meals, but also a way to escape loneliness and cope with his growing hardship. His parents were both sick and could barely make ends meet.

Mr. Naves sat down behind a small table in his student dormitory one afternoon to eat a microwave-cooled curry he’d gotten from the campus pantry. There was a small supply of donated pasta and canned food in his closet – enough to keep him going for a few more meals.

“Going to the food bank is the only way I can feed myself,” he said.

“But when I met other students in my situation, I realized that we all share this suffering together.”

Gaëlle Fournier contributed to the coverage.

Categories
Business

Dutchie raises $200 million in funding; acquires Greenbits, LeafLogix

The cannabis technology platform Dutchie announced on Tuesday the acquisition of the software companies Greenbits and LeafLogix to optimize the e-commerce tools for their pharmacy partners.

Greenbits and LeafLogix create enterprise resource planning and point of sale software for cannabis companies. Dutchie declined to disclose the financial terms.

Founded in Oregon in 2017 by brothers Ross and Zach Lipson, Dutchie works with 2,116 pharmacies in 36 markets across the US and Canada to facilitate online cannabis ordering, including pickup and delivery.

The deals come as more states like Virginia try to legalize cannabis and the pace of consolidation in the sector accelerates. Six states have passed legalization measures since November.

Also on Tuesday, Dutchie announced that it had received $ 200 million from investors in a Series C funding round, representing a valuation of $ 1.7 billion.

The last round of funding was led by Tiger Global with new investors Dragoneer and DFJ Growth. Existing investors such as Casa Verde Capital, Thrive Capital, Gron Ventures and former Starbucks CEO and founder Howard Schultz also attended.

Ross Lipson, Dutchie CEO, told CNBC that he remains optimistic that the move will boost the company’s presence in the fast-growing industry.

Speaking of business trends, Lipson said that while the majority of customers buy cannabis flower products, the company sees greater demand in the industry for many other forms of the plant.

“There are more and more categories like Vaporizers, Themes, Foods and Tinctures and the demand for them continues to grow as well. I think that as technology and education advances, the product offerings will certainly expand,” said Lipson.

Categories
World News

Uber grants U.Ok. drivers employee standing after dropping main labor battle

A smartphone displaying the Uber app in London.

Oli Scarff | Getty Images

Shortly after losing a major labor dispute in the UK, Uber will classify all UK based drivers as workers.

Under the new designation, more than 70,000 drivers will receive some benefits, including minimum wage, vacation time and pension contributions, but will not receive full employee benefits.

Uber announced the change to an SEC filing, adding that UK ridesharing accounted for 6.4% of all gross bookings for mobility in the fourth quarter of 2020.

While the move will increase Uber’s costs in the UK, the company continues to aim for adjusted EBITDA profitability through the year-end.

Earlier this year, Uber lost a major legal battle in the UK over the issue. The country’s Supreme Court upheld a ruling that a group of drivers were workers and not independent contractors. While the decision was made with a small group of drivers, thousands more have taken action against the company.

In a comment in The Evening Standard, Dara Khosrowshahi, CEO of Uber, wrote that following the Supreme Court ruling, “we could continue to challenge drivers’ rights to any of these protections in court. Instead, we decided to turn the page.” “”

Khosrowshahi admits, “I know many observers will not pat us on the back if we take this step, which comes after a five-year legal battle. They are right, although I hope the path we have chosen will change our willingness to change shows. “”

Meanwhile, Uber and the gig economy as a whole are facing regulatory challenges around the world. Uber has spent millions addressing these challenges in other regions.

In California, Uber pushed back against Assembly Bill 5, a gig economy bill passed by law in 2019 that tightened the rules for classifying workers as independent contractors.

After a widespread campaign that cost over $ 200 million – the most expensive election campaign in the state’s history – Uber and a handful of other gig economy companies used Uber to convince voters to support an election campaign called Proposition 22 and other gig economy platforms have been exempted from state labor law.

In return, gig workers received some benefits without full employment status. Some of the additional cost of providing benefits has been passed on to carpooling.

Categories
Health

GE Healthcare launches new wi-fi hand-held ultrasound as CEO eyes rising market

A handheld ultrasound (Vscan Air) that leads beyond highly specialized areas of medicine such as obstetrics and cardiology to general practitioners.

Source: GE

General Electric announced the launch of its new Vscan Air wireless portable ultrasound machine on Tuesday to take a leadership position in the growing market.

It is the company’s most recent entry into the emerging point-of-care ultrasound market, building on GE Healthcare’s first generation device, the Vscan, released in 2010. Since then, the market has grown rapidly, said Kieran Murphy, CEO of GE Healthcare in an interview with CNBC, the device maker launched the revamped, highly portable Vscan Air to strengthen its position in the market. It will be available in the US and Europe starting Tuesday. It is planned to introduce it in other countries and regions pending official approval.

GE Healthcare estimates that the handheld ultrasound machine market will grow by as much as $ 1 billion over the next decade, and the company plans to capture 30% of that with the Vscan Air by 2025.

The device is about the size of an iPhone, is completely wireless, and costs less than $ 5,000, although the price varies by region. It connects to a smartphone app to read the ultrasound, and GE says the images are safe to share with patients. The device can be used by trained health care providers to quickly assess blood flow, gallbladder disease, and assess and monitor Covid-19 through a lung exam.

Outpatient, ER used

Murphy explained that portable ultrasound devices like the Vscan Air should be used in time sensitive situations and when console-based ultrasound is not available. According to Murphy, the devices could be ubiquitous in emergency rooms, general practitioners’ offices, and all types of outpatient departments such as emergency centers for quick and inexpensive diagnosis. It can also be used in a home setting, as well as in road and air ambulances, as approved by the U.S. Food and Drug Administration.

Murphy also noted that the pivotal point towards telemedicine with the pandemic and increased use of ambulances could increase the demand for portable tools like the Vscan Air. He said GE will have to do “quite a bit” to increase market awareness through public relations, including on social media and various distribution channels.

“We have seen tremendous growth in the use of telemedicine, teleradiology and remote monitoring over the past year. For people who do not have access to specialized counselors, the fact that they can have access to a doctor armed with one of these resources is going to make a huge difference, “Murphy said of Vscan Air.” I think that’s going to show up everywhere. “

GE isn’t the only one operating in space. Competitors in the point-of-care ultrasound market include digital health company Butterfly Network, valued at $ 3.5 billion, and Koninklijke Philips, of the Netherlands. Murphy said GE plans to leverage its name recognition, ultrasound device track record, and medical device installation base connected through GE’s Edison artificial intelligence health platform to differentiate itself.

Doctor’s perspective

Dr. Yale Tung-Chen, head of the Department of Ultrasound in Internal Medicine at the Hospital Universitario Puerta de Hierro in Majadahonda in Madrid, is one of the doctors who had early access to the Vscan Air as a clinical reviewer.

He currently works at the Spanish Isabel Zendal Emergency Hospital Covid-19 and swears by portable ultrasound devices, especially for use in emergency rooms, where time is precious and rapid diagnosis can have serious consequences.

“How can I get 30 full exams in a short time? It’s impossible,” said Tung-Chen of examining patients in a busy emergency room. “I have to pull something out of my pocket and look at it for no more than a minute or two and then make the decision.”

Dr. Yale Tung-Chen, Head of the Department of Ultrasound in Internal Medicine at Universitario Puerta de Hierro Hospital in Majadahonda in Madrid, Spain, was a clinical reviewer for Vscan Air. He is currently working at the Spanish Covid-19 specialist Isabel Zendal Emergency Hospi

Source: Dr. Yale Tung-Chen

Tung-Chen has used many handheld ultrasound machines, including those from GE’s competitors, but said in an interview that he was impressed with the high quality imaging the Vscan Air was able to capture. The two-sided probe design allows technicians to switch between shallow and deep exams by simply flipping the device, he said. Normally the doctor would have to change the probes for this, which costs valuable time.

This feature is especially important in cardiac exams that Tung-Chen used to look for signs of infection that could be due to Covid-19 and to monitor the progression of the disease to see if the patient is getting seriously ill . He said the ultrasound machine can help doctors find early signs of life-threatening diseases such as Covid-19, but added that the device does not fully replace traditional diagnostic tools such as stethoscopes.

“Ultrasound makes bad doctors good and good doctors make good doctors,” he said.

2021 outlook

Murphy said he still sees strong growth in 2021. On GE Investor Day last week, the health unit reported free cash flow of $ 2.6 billion for 2020, up from $ 1.2 billion in 2019. Murphy said this was partly due to the delivery of 50,000 ventilators. which have been widely used in the past year to help seriously ill Covid-19 patients.

“We had a successful year. We handled an incredible number of headwinds well,” said Murphy, adding that the company’s role in the pandemic helped improve employee morale.

The company makes most of its money selling and servicing equipment for electoral processes that have been delayed in much of the world as hospitals focus on treating Covid-19 patients. As patients attempt to return to the hospital for x-rays, MRIs, procedures requiring anesthesia, and more, Murphy said it will all benefit business.

The health unit forecasts flat to slightly increasing free cash flow for 2021, based on slight sales growth and an expansion in profit margins.

“Everyone says well, Covid gave you a fantastic year, but Covid suppressed some of the things that come back this year,” he said. “We made a great start and I am very confident that we will have a good year.”

Correction: On GE Investor Day last week, the health unit reported free cash flow of $ 2.6 billion for 2020 compared to $ 1.2 billion in 2019. In an earlier version of this article, free cash flow was misrepresented .

Categories
Entertainment

What It Means to Break Free: A Story of Detention, Advised in Dance

A boy alone in his room imagines sailing across the seas in a paper boat. It could be a moment from Maurice Sendak’s classic “Where the Wild Things Are”. Except that this boy is 14 years old and his room is a cell in a juvenile detention center.

The scene is from “Wild: Act 1”, a new dance film by the choreographer Jeremy McQueen. The 50-minute film (available until April 4th on McQueen’s website blackirisproject.org) is a continuation of a larger project that seeks to convey the experiences of young men trapped in the criminal justice system.

The project was actually inspired by Sendak’s book and its fantasizing protagonist Max. “It’s a favorite of mine,” McQueen said in an interview. “I love how Max, even though he’s in his bedroom and sent there for his terror, can use his imagination and think beyond his walls and circumstances to create a world for himself where he will be valued. “

McQueen, 34, said the book reminded him of his own childhood in San Diego. When his mother took him on a touring production of “The Phantom of the Opera,” everything “made him feel terrifying,” he said. “I wanted more of it.” So he started taking performing arts classes – a black male teacher introduced him to ballet – and he locked himself in his bedroom for hours, playing cast albums, and introducing himself as a choreographer.

For “Wild”, however, McQueen had a different type of space in mind. While visiting the Equal Justice Institute in Montgomery, Alabama, he got that terrifying feeling again when he came across a photo of Richard Ross of a black boy in juvenile detention. In the photo, the boy stares at the concrete walls of his cell, which are covered with writings and drawings from previous residents.

“I thought about the number of young people who had lived in this room and contributed to these walls and what it meant for them to want to break free,” said McQueen.

He had already thought about “Where the Wild Things Are” for a work commissioned by the Nashville Ballet. The Ross photo focused the idea. But the pandemic put the project on hold.

With the filmmaker Colton Williams, McQueen had already turned one of his dances, “A Mother’s Rite”, about a mother whose son is killed by a white police officer into a film. (It was nominated for an Emmy Award.) If the theaters were closed for performance, why not start “Wild” as a movie?

“I always try to find ways to get new people to the art,” said McQueen. That is the core of my mission. “

McQueen has been on this mission since at least 2016 when he founded the Black Iris Project, a New York-based ballet composed mostly of black artists telling black stories. This project, too, has its origins in McQueen’s reaction to a work of art – Georgia O’Keeffe’s “Black Iris,” which gave him the terrifying feeling when he discovered it at the Metropolitan Museum of Art.

That was in 2012 when he applied to be the choreographer for the Joffrey Ballet Color Prize. He channeled his feelings about the painting – and about his mother’s breast cancer – into a ballet called “Black Iris” about the strength of black women.

The Joffrey Studio Company did the work, but McQueen said he felt too many of his decisions were being challenged. In general he said he believed that his voice was not really heard or appreciated by the wider ballet world, and so was he stayed away from this world for a while.

But during He taught ballet in New York City public schools as part of the public relations work for the American Ballet Theater, and found that black teens who were resistant to ballet could connect with it – if he used the right music and stories to familiarize themselves with could identify.

“I love the magic of ballet and the language of ballet,” he said, “but I don’t love not being able to see my stories.” So he started Black Iris.

“Instead of waiting for someone to give me a seat at the table, I decided to build my own table,” he said. “It’s a vision of black creatives who tell our stories and our path without being censored and share those voices directly with our communities.”

“Wild” is part of this vision. “My mission is not to educate whites about the black experience,” said McQueen. “My mission is to give young black and brown people the opportunity to see their life as art and to encourage them to dream bigger.”

Initially, McQueen hoped to develop “game” in detention centers and work directly with young people in custody. The project is partially supported by a Soros Justice Fellowship awarded by the Open Society Foundation for projects promoting reform of the criminal justice system. McQueen is the first choreographer to be awarded one.

After it became clear that filming in prisons would not be possible during the pandemic, McQueen and Williams came up with the idea of ​​depicting the cell with a three-walled set that is inhabited by an adult dancer, Elijah Lancaster. Sometimes the walls look like concrete, but they also fill with pictures of other young men in custody – embodying the wall markings in the Ross photo – or the boy’s fantasies.

Lancaster, a member of Ailey II, dances expansively and barely fits into the room. The pictures on the walls suggest a world beyond. Sometimes we hear words (from Ross’ book “Juvie Talk”) from young men in juvenile detention. We see photos of these men, but also films of black dancers from all over the country who react to these stories in motion.

For the 24-year-old Lancaster, exploring his part was training. “Some of these kids were in the wrong place at the wrong time,” he said. “So much injustice. That is why this project has to take place. “

Filming during a pandemic wasn’t easy, but the hardest part of making Game was living up to the responsibility of telling real people’s stories through art. “You want to get it right,” said McQueen.

McQueen said he felt that pressure especially in his decision to deal with sexual abuse. “Wild” may have been inspired by a children’s book, but it contains corrections officers more menacing than Sendak’s monsters. One sexually assaults Lancaster’s character. The scene is not graphic, but it is clear what is happening. The episode mirrors many that McQueen discovered in his research.

“Can I do that?” McQueen remembered wondering. He decided he had to. “I can’t leave out parts of the story to please other people,” he said.

For McQueen, this fight against self-censorship is a holdover from how he believes ballet companies have controlled and constrained it in the past. “They want a censored and filtered version that suits their aesthetic and their idea of ​​blackness,” he said.

Working outside of these companies – just collecting donations and logistics – is a challenge. “I don’t think people really understand how hard it is,” said McQueen.

In “Wild”, however, he can express anything he wants and in the dance language that he loves. When the boy imagines sailing the seas in this paper boat, he balances on his bed like a ballet dancer.

Categories
Business

Inter Milan Is Threatened by Challenges at Suning, Its Chinese language Proprietor

HONG KONG – The new, high profile Chinese owner should take Inter Milan back to its glory days. A lot of money was spent on successful goalscorers like Romelu Lukaku and Christian Eriksen. After five years of investment, the famous Milan football club is in the immediate vicinity of its first Italian championship title in ten years.

Now the bill is due – and Inter Milan’s future is suddenly in doubt.

Suning, an electronics retailer who is the club’s majority owner, is dependent on cash and is trying to sell its stake. The club is bleeding money. Some of its players have agreed to defer payment, such as someone close to the club who has asked for anonymity because the information is not public.

Inter Milan have held talks with at least one potential investor, but the parties have not been able to agree on a price with knowledge of the negotiations, according to others.

Suning’s football wishes are also crumbling at home. The company abruptly closed its national team four months after winning the Chinese national championship. Some stars, many of whom would rather play there than Chelsea or Liverpool, have said they went unpaid.

China has failed in its dream of becoming a global player in the world’s most popular sport. Driven in part by the ambitions of China’s frontrunner and passionate soccer fan, Xi Jinping, a new generation of Chinese tycoons plowed billions of dollars into marquee clubs and star players, changing the game’s economics. Chinese investors spent $ 1.8 billion buying stakes in more than a dozen European teams between 2015 and 2017, and China’s cash-soaked domestic league paid the highest salaries ever awarded to foreign recruits.

But the grandeur has exposed international football to the specifics of the Chinese business world. The deep involvement of the Communist Party makes companies vulnerable to sharp changes in the political winds. The freelance tycoons often lacked international experience or sophistication.

Discussions about default settings, fire sales, and hasty exits now dominate discussions about boardroom tables. A mining tycoon lost control of AC Milan when he asked questions about his business empire. The owner of a soap maker and food additive company gave up his stake in Aston Villa. An energy conglomerate lost its stake in Slavia Prague after its founder disappeared.

Suning’s plight mirrors “the whole rise and fall of this era of Chinese football,” said Zhe Ji, director of Red Lantern, a sports marketing company that works for top European football teams in China. “When people started talking about Chinese football and all the attention it got in 2016, it was very quick, but it was also very quick.”

Suning paid $ 306 million in 2016 for a larger stake in Inter Milan. Suning is a household name in China, with stores stocking computers, iPads, and rice cookers for the country’s growing middle class. While it was hurt by China’s e-commerce revolution, Alibaba, the online shopping titan, is among its top investors.

Zhang Jindong, the billionaire founder and chairman of Suning, raised a champagne glass on a brightly lit stage and talked about how the famous Italian team, which has won 18 championships since 1910 but none since 2010, would help its brand internationally and contribute to Chinese sports industry.

Mr. Zhang boasted of Suning’s “abundant resources” and promised that the club would “return to its glory days and become a stronger property that can attract top stars from around the world.”

Led by Mr Zhang’s son Steven Zhang, now 29, the club spent more than $ 300 million on stars like Lukaku, Eriksen and Lautaro Martínez, an Argentine striker nicknamed The Bull for his relentless pursuit of goals.

Suning also agreed to pay the English Premier League $ 700 million for the rights to broadcast games in China from 2019, which impressed the industry.

Suning spent money on a domestic club that he bought in 2015. He spent $ 32 million to acquire Ramires, a Brazilian midfielder, from Chelsea and € 50 million on Alex Teixeira, a young Brazilian striker who picked the Chinese side versus Liverpool of the most popular franchises in football.

The recruits were hired to sell air conditioners and washing machines. In an advertisement, Mr. Teixeira urged viewers to buy a Chinese brand of equipment. “I’m Teixeira,” he says in Mandarin, adding, “come to Suning to buy Haier.”

The money, said Mubarak Wakaso, a Ghanaian midfielder, helped make China attractive. “The money I will earn in China is far better than in La Liga,” he said in an interview last year in a mixture of Twi and English, quoting the league in Spain where he once played. “I don’t tell lies.”

Suning’s soccer betting had a bad time. The Chinese government began to worry that large conglomerates would borrow too much and threaten the country’s financial system. A year after the Inter Milan deal, Chinese state media criticized Suning for its “irrational” takeover.

Then the pandemic hit. Even when Inter Milan won on the field, they lost goal revenue from their San Siro stadium, one of the largest in Europe. Some sponsors left because of their own financial pressures. The club lost around $ 120 million last year, one of the biggest losses any European football club has reported.

Back in China, Suning was hit by both e-commerce and the coronavirus. Problems accelerated in the fall when the company decided not to call for repayment of a $ 3 billion investment in Evergrande, a real estate developer and China’s most indebted company.

Suning’s burden is getting heavier. This year, It has to make $ 1.2 billion in bond payments. The company declined to comment.

Suning began to take drastic steps. Last year he gave up his broadcasting contract with the Premier League.

Then, in February, it closed its national team, Jiangsu Suning, almost four months after the team won China’s Super League title against an Evergrande-controlled team. At least one of the team’s overseas recruits has hired lawyers to recoup their unpaid salary, according to one implicated person.

A former Suning player, Eder, a Brazilian-born striker, got the football world going after media reports quoted him as saying that Suning hadn’t paid him. On Twitter, Eder said the comments were taken from a private online chat without his permission. His agent did not respond to requests for comment.

To save himself, Suning took a move that could complicate Inter Milan’s fate. On March 1, the company sold shares valued at US $ 2.3 billion to affiliates of the Shenzhen city government. The deal gave the Chinese authorities a say in the fate of Inter Milan.

For Inter Milan there is a threat of greater financial pressure. It has to pay off a $ 360 million bond over the next year. A minority investor in Hong Kong, Lion Rock Capital, which acquired a 31 percent stake in Inter in 2019, could exercise an option that would require Suning to buy its stake for up to $ 215 million, according to a related party.

Inter Milan representatives are looking for funding, a new partner or a sale of the team valued at around $ 1.1 billion.

The club was in exclusive talks with BC Partners, the UK private equity firm, until recently, but they could not agree on the price, said people knowledgeable about the talks.

Without fresh capital, Inter Milan could lose players. If it can’t pay salaries or transfer fees for outgoing players, European football rules say it could be banned from top competitions.

“We’re concerned but we’re not scared of this situation yet – we’re just waiting for the news,” said Manuel Corti, a member of an Inter Milan fan club based in London.

“As Inter fans,” he said, “we are never sure until the last minute.”

Alexandra Stevenson reported from Hong Kong and Tariq Panja from London. Cao Li contributed to the coverage from Hong Kong.

Categories
Politics

Putin pushed Biden misinformation to Trump allies throughout election

Russian President Vladimir Putin will chair a meeting with members of the government in Moscow on February 5, 2020.

Aleksey Nikolskyi | Sputnik | Kremlin | Reuters

Russia and its leader, Vladimir Putin, approved intelligence services to promote misinformation about President Joe Biden through the U.S. media and people close to then-President Donald Trump in an effort to increase Trump’s election chances, a U.S. intelligence report said Tuesday.

Specifically, the report said that Putin was “in control of the activities of Adriy Derkach, a Ukrainian lawmaker who played a prominent role in Russia’s electoral influence”.

Derkach, who has ties to Russian intelligence, is known to have met with Rudy Giuliani, Trump’s personal attorney who spent months making discredited allegations against Biden and his son Hunter Biden.

The results are the second “key verdict” in the released National Intelligence Council report on “Foreign Threats to the 2020 US Federal Election”.

That section states: “We evaluate that Russian President Putin authorized and conducted a number of Russian government organizations to influence operations aimed at denigrating President Biden’s candidacy and the Democratic Party to ex-President Trump support to undermine public confidence in the electoral process and exacerbate socio-political divisions in the US. “

“Unlike in 2016, we have not seen any sustained Russian cyber efforts to gain access to the electoral infrastructure. We have great confidence in our assessment. Russian state and electoral representatives, who all serve the interests of the Kremlin, have the US -Influences the public in a consistent manner, “the report said.

“A key element of Moscow’s strategy in this electoral cycle has been the use of officials associated with Russian intelligence to spread narratives of influence – including misleading or unfounded allegations against President Biden – on US media organizations, US officials and prominent US individuals, including some related parties, transferring former President Trump and his administration. “

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Health

How Kids Learn Otherwise From Books vs. Screens

Dr. Radesky, who with Dr. Munzer was involved in the research projects, spoke about the importance of helping children master reading that goes beyond certain details – words or signs or events – so that a child can “gain knowledge from history with life experience. “Again, she said, that’s not what is emphasized in digital design. “Things that get you thinking, make you slow down and process things deeply, don’t sell, don’t get the most clicks,” she said.

Parents can help with this when their children are young, said Dr. Radesky by discussing the story and asking the questions that will help children make those connections.

“When children enter digital spaces, in addition to the e-books they are supposed to read, they have access to an infinite number of platforms and websites,” said Dr. Radesky. “We have all been there and have helped our children through distance learning and observed how they cannot resist opening this tab, which is less demanding.”

“Throughout the fall, I’ve been helping families remove their child from YouTube,” said Dr. Radesky. “You’re bored, it’s easy to open a browser window,” adults know all too well. “I am concerned that, during distance learning, children have learned to orient themselves on devices with this very weak partial attention.”

Professor Baron said that in an ideal world children would learn “how to read coherent texts for pleasure, how to stop, how to reflect”.

In elementary school, she said, there is an opportunity to start a conversation about the benefits of the different media: “It’s about printing, it’s about a digital screen, it’s about audio, it’s about video, they all have their uses – us need to make children aware that not all media are best for all purposes. “Children can experiment with digital and print reading and be encouraged to talk about what they have noticed and what they enjoyed.

Dr. Radesky talked about helping children develop what she called “metacognition” by asking themselves questions like, “How does my brain feel, what does this mean for my attention span?” From the ages of 8-10, children develop the skills to understand how to stay at work and how to get distracted. “Children recognize when the classroom is getting too crowded. We want them to know when you are in a very busy digital space, ”she said.

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Business

Tiger Woods returns to golf video video games for the primary time since 2013

Tiger Woods plays his shot from the second tee during the final round of the PNC Championship at the Ritz-Carlton Golf Club Orlando on December 20, 2020 in Orlando, Florida.

Mike Ehrmann | Getty Images

Tiger Woods is back to video games.

New York-based software company Take-Two Interactive announced that it has partnered with Woods to capitalize on his name, image, and likeness. This allows the legendary PGA Tour figure to be featured in his golf game PGA Tour 2K. Woods will also join 2K as an executive director, the company said.

The terms of the pact were not made available.

“I look forward to getting back to the video game landscape and I’ve found the right partners in 2K and HB Studios to make it happen,” Woods said in a statement from the Golf Channel. “I am honored to take this opportunity and look forward to sharing my expertise and insights as we work together to shape the future of golf video games.”

Woods, 45, had previously signed a deal with rival game maker Electronic Arts (EA Sports) before parting ways with the company in 2013. According to a CNN article, the company sold over $ 700 million worth of golf games with Woods. The article also estimates that Woods made approximately $ 6 million a year during the partnership that began with EA Sports in 1998.

Forbes estimates that Woods made over $ 1 billion in referrals from companies like Nike and American Express. But whether Woods will return to play real golf is the more pressing question. Woods is still recovering from a February 23 car accident in Southern California, leaving the golfer with serious leg injuries.

Take-Two owns Rockstar Games and 2K Studio, the latter of which makes the National Basketball Association’s popular NBA 2K video game. The company will also return to playing National League football games for the first time since 2005 after signing a new licensing agreement with the league in March last year.

The company released its first PGA Tour game last August, developed by Canada-based HB Studios, which it announced to acquire Take-Two. Take-Two has a market cap of $ 19.9 billion. The company’s shares rose 2% Tuesday afternoon, trading at $ 173 per share.