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Covid-19 Vaccine Stay Updates: Mississippi Opens Eligibility, Italy Lockdown and Extra

Here’s what you need to know:

Credit…Rory Doyle for The New York Times

Mississippi will become the second state to open Covid-19 vaccinations to all of its adult residents, following a call from President Biden for all states to do so by May 1.

Alaska opened its vaccination doors last week to anybody 16 or older who lives or works in the state. The change in Mississippi takes effect Tuesday.

“Get your shots, friends,” Gov. Tate Reeves announced on Twitter. “And let’s get back to normal!”

The pace of vaccinations in the United States has steadily increased as production has ramped up, from well under one million shots per day on Jan. 20, when Mr. Biden took office, to about 2.4 million doses per day on average, according to a New York Times database.

Mr. Biden’s team has made key decisions that quickened the manufacturing and distribution of vaccines, but now the country faces the challenge of getting all those shots into arms. Mass vaccination sites across the country are opening up or increasing their capacity, in part to respond to the influx of doses from the single-shot Johnson & Johnson vaccine.

But more challenges remain, including improving access in communities of color and convincing Americans wary for a variety of reasons that getting vaccinated is safe and effective.

Although Mississippi lags most states in the share of its population that has been vaccinated, it is doing better than all of its neighbors except Louisiana, according to a New York Times tracker. As of Sunday, about 20 percent of Mississippians have received at least one shot, and 11 percent have been fully vaccinated.

The state had already opened eligibility further than most states, to cover everyone 50 or over. Governor Reeves urged older residents to book appointments as soon as possible.

Gov. Gretchen Whitmer of Michigan has said that her state will drop its restrictions on eligibility by April 5, about a month before Mr. Biden’s deadline. Gov. Ned Lamont of Connecticut said his state would as well, tentatively opening vaccine eligibility to all adults on April 5.

“It’s still going to take some time to get the vaccine to everyone who wants it, and I urge patience to the greatest extent possible,” Mr. Lamont said in a news release.

Officials in Washington, D.C., said on Monday that they would do the same by May 1, allowing anyone 16 or older who lives in the city to be inoculated.

In New York, where the minimum age was recently lowered to 60, the state will open three new mass vaccination sites on Long Island at the end of the week, Gov. Andrew M. Cuomo said on Monday at a news conference. The sites will be on college campuses in Old Westbury, Brentwood and Southampton.

More categories of public-facing workers will become eligible in New York on Wednesday, including government employees, building services workers and employees of nonprofit groups. Mr. Cuomo has yet to announce how or when the state would open eligibility to all adults.

About 92.6 million vaccine doses have been administered since Mr. Biden’s inauguration, according to data released on Monday by the Centers for Disease Control and Prevention. At the current pace, the country will pass 100 million doses under Mr. Biden before the end of the week.

United States › United StatesOn March 14 14-day change
New cases 38,034 –19%
New deaths 572 –31%
World › WorldOn March 14 14-day change
New cases 369,370 +11%
New deaths 5,360 –6%

U.S. vaccinations ›

Where states are reporting vaccines given

Peter Krage, 54, a gerontological nurse, getting his first dose of the AstraZeneca vaccine in Rostock, Germany, last month.Credit…Lena Mucha for The New York Times

As a third wave of the pandemic crashes over Europe, questions about the safety of one of the continent’s most commonly available vaccines led Germany, France, Italy and Spain to temporarily halt its use on Monday. The suspensions created further chaos in inoculation rollouts even as new coronavirus variants continue to spread.

The decisions followed reports that a handful of people who had received the vaccine, made by AstraZeneca, had developed fatal brain hemorrhages and blood clots.

The company has strongly defended its vaccine, saying that there is “no evidence” of increased risk of blood clots or hemorrhages among the more than 17 million people who have received the shot in the European Union and the United Kingdom.

“The safety of all is our first priority,” AstraZeneca said in a statement Monday. “We are working with national health authorities and European officials and look forward to their assessment later this week.”

The timing of the pause in inoculations by some of Europe’s largest countries — which followed a flurry of similar actions by Denmark, Norway and several others — could not have been worse.

Europe’s vaccine rollouts already lag far behind those in Britain and the United States, and there is dawning realization that much of the continent is suffering a third wave of infections. Leading immunologists fretted on Monday that the decision by several of Europe’s leading nations to suspend the use of AstraZeneca would make vaccination efforts even harder by emboldening vaccine skeptics in countries where they are particularly entrenched.

The European Medicines Agency and the World Health Organization warned against an exodus from vaccines that would undermine rollout efforts at a pivotal moment.

VideoVideo player loadingItaly began to enter strict regional lockdowns on Monday, as the government moved to halt an increase in coronavirus infections just one year after the country became the first in Europe to impose a national lockdown.CreditCredit…Alessandro Grassani for The New York Times

A year after Italy became the first European country to impose a national lockdown to contain the spread of the coronavirus, the nation has fallen eerily quiet once again, with new restrictions imposed on Monday in an effort to stop a third wave of infections that is threatening to wash over Europe and overwhelm its halting mass inoculation program.

As he explained the measures on Friday, Prime Minister Mario Draghi warned that Italy was facing a “new wave of contagion,” driven by more infectious variants of the coronavirus.

Just as before, Italy was not alone.

“We have clear signs: The third wave in Germany has already begun,” Lothar Wieler, head of the Robert Koch Institute for Infectious Diseases, said during a news conference on Friday. Prime Minister Viktor Orban of Hungary predicted that this week would be the most difficult since the start of the pandemic in terms of allocating hospital beds and breathing machines, as well as mobilizing nurses and doctors. Hospitalizations in France are at their highest levels since November, prompting the authorities to consider a third national lockdown.

Officials in the United States are watching those developments with wary eyes. At a White House news briefing on Monday, Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, pleaded with Americans not to let their guard down as case numbers have dropped from their peak. She pointed to images of young people crowded onto Florida beaches, though generally people are safer outside than inside, and to European nations as a warning.

“Each of these countries has had nadirs like we are having now, and each took an upward trend after they disregarded no mitigation strategies,” she said. “They simply took their eye off the ball. I’m pleading with you for the sake of our nation’s health. These should be warning signs for all of us.”

The U.S. death rate remains at nearly 1,400 people every day. That number still exceeds the summer peak, when patients filled Sun Belt hospitals and outbreaks in states that reopened early drove record numbers of cases, though daily deaths nationwide remained lower than the first surge last spring. The average number of new reported cases per day remains comparable to the figures reported in mid-October.

Across Europe, cases are spiking. Supply shortages and vaccine skepticism, as well as bureaucracy and logistical obstacles, have slowed the pace of inoculations. Governments are putting exhausted populations under lockdown. Street protests are turning violent. A year after the virus began spreading in Europe, things feel unnervingly the same.

In Rome, the empty streets, closed schools, shuttered restaurants and canceled Easter holidays came as a relief to some residents after months of climbing infections, choked hospitals and deaths.

“It’s a liberation to return to lockdown, because for months, after everything that happened, people of every age were going out acting like there was no problem,” said Annarita Santini, 57, as she rode her bike in front of the Trevi Fountain, a popular site that had no visitors except for three police officers. “At least like this,” she added, “the air can be cleared and people will be scared again.”

For months, Italy had relied on a color-coded system of restrictions that, unlike the blanket lockdown of last year, sought to surgically smother emerging outbreaks in order to keep much of the country open and running. It does not seem to have worked.

“History repeats itself,” Massimo Galli, one of Italy’s top virologists, told the daily Corriere della Sera on Monday. “The third wave started, and the variants are running.”

“Unfortunately we all got the illusion that the arrival of the vaccines would reduce the necessity of more drastic closures,” he said. “But the vaccines did not arrive in sufficient quantities.”

Sheryl Gay Stolberg Lauren Leatherby and Mitch Smith contributed reporting.

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Biden: ‘Shots in Arms and Money in Pockets’

President Biden declared on Monday that within 10 days the U.S. would achieve his goal of administering 100 million vaccination shots and delivering 100 million stimulus checks to Americans.

Over the next 10 days, we’ll reach two goals, two giant goals. The first is 100 million shots in people’s arms will have been completed within the next 10 days and 100 million checks in people’s pockets in the next 100 days. Shots in arms and money in pockets. That’s important. The American Rescue Plan is already doing what it was designed to do, make a difference in people’s everyday lives. And we’re just getting started. By the time all the money is distributed, 85 percent of American households will have gotten their $1,400 rescue checks. I’m pleased to announce and introduce another gifted manager to coordinate our implementation of the American Rescue Plan, Gene Sperling. Gene will be on the phone with mayors and governors, red states, blue states, the source of constant communication, a source of guidance and support, and above all, a source of accountability for all of us to get the job done. And together, we’re going to make sure that the benefits of the American Rescue Plan go out quickly and directly to the American people where they belong. Help is here and hope is here in real and tangible ways. We’re just days away from 100 million shots and millions — in the arms of millions of Americans. That’s the way, that’s the way on the way to get every single American access to the vaccine.

Video player loadingPresident Biden declared on Monday that within 10 days the U.S. would achieve his goal of administering 100 million vaccination shots and delivering 100 million stimulus checks to Americans.CreditCredit…Doug Mills/The New York Times

President Biden said Monday that his administration was on pace to achieve two key goals by March 25: the distribution of 100 million shots of Covid-19 vaccines since his inauguration and 100 million checks and electronic deposits of stimulus payments under his economic relief bill.

“Shots in arms and money in pockets. That’s important,” Mr. Biden said in a brief address from the White House.

The president also introduced Gene Sperling, a longtime Democratic policy aide, as his pick to oversee implementation of the $1.9 trillion economic relief package that he signed into law late last week.

“The American Rescue Plan is already doing what it was designed to do,” Mr. Biden said. “Make a difference in people’s everyday lives.”

The United States has administered 92.6 million vaccine doses since Jan. 20, when Mr. Biden took office, according to data released on Monday by the Centers for Disease Control and Prevention. At the current pace of vaccinations, the country will pass 100 million doses under Mr. Biden before the end of the week.

Answering a question from a reporter after the speech, Mr. Biden brushed aside calls for his administration to enlist former President Donald J. Trump’s help in appealing to Republicans who have resisted getting vaccinated.

“I discussed it with my team,” Mr. Biden said, “And they say the thing that has more impact than anything Trump would say to the MAGA folks is what the local doctor, what the local preachers, the local people in the community would say. So I urge, I urge all local docs, and ministers, and priests, to talk about why — why it’s important to get that vaccine.”

Mr. Biden’s remarks came as his team launched a week of sales pitches for the relief bill. The president and several members of his administration will travel the country to promote the plan that contains direct $1,400-per-person payments to low- and middle-income Americans, new monthly checks for parents and additional relief for the unemployed, among other particulars.

Mr. Biden will visit Delaware County, Pa., on Tuesday and will appear with Vice President Kamala Harris on Friday in Atlanta, which helped deliver Democrats the Senate majority that made the stimulus law possible.

A group of other administration representatives and officials, including the first lady, Jill Biden, and Ms. Harris’s husband, Doug Emhoff, will also make trips. Ms. Harris and her husband landed in Las Vegas for an event on Monday afternoon, while Dr. Biden finished an event in New Jersey.

The road show is an effort to avoid the messaging mistakes of President Barack Obama’s administration, which Democrats now believe failed to continue vocally building support for his $780 billion stimulus act after it passed in 2009. The challenge will be to highlight less obvious provisions, including the largest federal infusion of aid to the poor in generations, a substantial expansion of the child tax credit and increased subsidies for health insurance.

Mr. Sperling’s challenge with the rescue plan will be different than the one Mr. Biden faced in 2009, because the relief bill differs starkly from Mr. Obama’s signature stimulus plan. The Biden plan is more than twice as large as Mr. Obama’s. It includes money meant to hasten the end of the pandemic, including billions for vaccine deployment and coronavirus testing.

Oversight of the $1.9 trillion relief legislation is currently expected to rely on the Government Accountability Office and the Pandemic Response Accountability Committee, a panel of inspectors general from across the federal government. A Treasury official said that the department would set up a process to monitor the use of funds that are being sent to states to ensure that they are used according to the eligibility requirements in the law.

A rally in San Francisco on Saturday in support of a five-day in-person learning schedule at the city’s public schools.Credit…John G Mabanglo/EPA, via Shutterstock

Parents of schoolchildren protested in several cities around the United States over the weekend, frustrated by the off-again-on-again reopening policies in some school districts and blanket closures in others a full year after the pandemic began, despite growing scientific evidence that schools can reopen safely if they follow basic procedures.

Several hundred people rallied in downtown Naperville, Ill., on Sunday to urge officials to give students the option of returning to the classroom five days a week. Wielding signs with messages like “Get our kids back in school” and “Flip the school board,” demonstrators chanted, “Five days a week,” The Naperville Sun reported.

In San Francisco, hundreds of parents and children marched on Saturday in support of a five-day in-person learning schedule, arguing that a partial reopening falls short, The San Francisco Chronicle reported. Similarly, parents demonstrated at Pan Pacific Park in Los Angeles on Saturday, according to a local news station, saying a tentative agreement with teachers for a partial reopening in April was not enough.

Parents pressing for in-person classes say that remote learning leaves students feeling emotionally and socially drained at home.

They have the Biden administration on their side. Jill Biden and members of her husband’s administration have been traveling the country in a campaign aimed at reopening schools. And the Centers for Disease Control and Prevention released guidelines last month saying it was safe for schools to reopen if they could ensure measures like proper masking, physical distancing and hygiene were taken. The recommendations called for every elementary school to open in some fashion.

In early February, The New York Times surveyed 175 experts — mostly pediatricians focused on public health — who largely agreed that it was safe enough for schools to be open to elementary students for full-time, in-person instruction. Some said that was true even in communities where coronavirus cases were widespread, with proper safety precautions, including adequate ventilation and avoidance of large group activities.

Heather Kilpatrick used to work in hospitality before the pandemic, but she now stays home with her 3-year-old daughter, Vivienne. Credit…Tony Luong for The New York Times

In the year since the pandemic upended the U.S. economy, more than four million people have quit the labor force, leaving a gaping hole in the job market that cuts across age and circumstances.

An exceptionally high number have been sidelined because of child care and other family responsibilities or health concerns. Others gave up looking because they were discouraged by the lack of opportunities. And some older workers have called it quits earlier than they had planned.

These labor-force dropouts are not counted in the most commonly cited unemployment rate, which was 6.2 percent in February, making the group something of a hidden casualty of the pandemic.

Now, as the labor market begins to emerge from the pandemic’s vise, whether those who have left the labor force return to work — and if so, how quickly — is one of the big questions about the shape of the recovery.

There is some reason for optimism. Economists expect that many who have left the labor force in the past year will return to work once health concerns and child care issues are alleviated. And they are optimistic that as the labor market heats up, it will draw in workers who grew disenchanted with the job search.

Moreover, after the last recession, many economists said those who left the labor force were unlikely to come back, whether because of disabilities, the opioid crisis, a loss of skills or other reasons. Yet labor force participation, adjusted for demographic shifts, eventually returned to its previous level.

But the speed with which the pandemic has driven workers from the labor force could leave lasting damage.

Many Facebook and Instagram users are already using the apps to share their vaccination status.Credit…Marcio Jose Sanchez/Associated Press

Facebook said on Monday that it planned to expand its efforts to help get people vaccinated against the coronavirus.

The social network said it would roll out a new location-based tool to direct people to the clinics nearest to them that offer vaccinations, which users can find inside Facebook’s main app.

The company will also have an information center for Covid-19-related questions and data inside its Instagram photo-sharing app, building on a similar effort that Facebook introduced last year. And it will keep adding automated chat bots to WhatsApp, which can text users information on where to get vaccinated.

“By working closely with national and global health authorities and using our scale to reach people quickly, we’re doing our part to help people get credible information, get vaccinated and come back together safely,” Mark Zuckerberg, the chief executive of Facebook, said in a company blog post.

While Facebook previously allowed anti-vaccination groups on its platform to flourish, last year it pledged to remove Covid-related misinformation from its site. It also labeled posts related to the coronavirus with links to its official information center so it could direct people to sources like the World Health Organization.

But critics have said that false or misleading data about vaccines and the virus continues to be visible in private groups and pages on Facebook.

At North Dakota State University in October. Several studies have shown that the pandemic has disproportionately affected the mental health of young people.Credit…Bing Guan/Reuters

Young people’s reports of poor well-being during the pandemic have fueled a global crisis that needs immediate attention, according to a nonprofit organization that surveyed nearly 50,000 people in eight countries, providing a comprehensive overview of the pandemic’s impact on mental health.

More than one in four respondents reported facing or being at risk of clinical disorders, a number that rose to nearly one in two for those ages 18 to 24, according to the report, which was released by group, Sapien Labs, a U.S. nonprofit group dedicated to understanding the human mind.

The report, based on data collected from an online, anonymous survey whose findings were published on Monday, focused on Australia, Britain, Canada, India, New Zealand, Singapore, South Africa and the United States. It found that 40 percent of respondents ages 18 to 24 reported feeling sadness, distress or hopelessness, as well as unwanted, strange and obsessive thoughts.

“The coronavirus pandemic has exacerbated trends that were already there, and made them worse,” said Dr. Tara Thiagarajan, the founder and chief scientist of Sapien Labs. “Particularly, social isolation has had a larger impact on young people, and it’s pushed many of them over the edge.”

Other studies have shown that the pandemic has disproportionately affected the mental health of young people, women and people of color.

Mental health experts have also warned against the long-term effects of the pandemic, which are likely to include an economic recession and the psychological fallout of long-term social isolation.

The report’s authors, Dr. Thiagarajan and Jennifer Newson, urged governments to focus on population-wide policies targeting mental health, instead of individual approaches that are often favored.

“While much of the focus in the mental health arena has been on self-care through apps, therapy and other programs, social and economic policy and institutional culture may have a large role to play in the mitigation of our present mental health crisis and prevention of future crises,” they wrote.

Anallely Falcon receiving her second dose on in Central Falls, R.I., last month.Credit…David Degner for The New York Times

Nearly nine in 10 Americans who received the first dose of a two-dose Covid-19 vaccine went on to complete the regimen, and most people who received two doses got them within the recommended time frames, federal health officials reported on Monday.

The analyses, by investigators with the Centers for Disease Control and Prevention, included data on tens of millions of Americans who received the Moderna or Pfizer-BioNTech vaccines between mid-December and mid-February.

The percentage of people completing the regimens varied markedly by jurisdiction and between demographic groups, however. Federal health officials urged local vaccinators to take steps to ensure that everyone comes back, including scheduling a return appointment when giving the first shot, sending reminders, and rescheduling missed or canceled appointments.

While the data were “reassuring” over all, C.D.C. researchers said, the first groups receiving the vaccine in the United States — health care workers and long-term care facility residents — had easy access to the second dose, since they were likely to have been vaccinated at their workplace or place of residence.

As vaccines are offered to broader groups of people, the scientists warned, the percentage getting fully vaccinated may drop.

People are not considered fully vaccinated against the coronavirus until two weeks after they receive the second shot of the two-dose regimen (or two weeks after receiving the single-dose vaccine made by Johnson & Johnson).

C.D.C. researchers looked at some 40.5 million Americans who were vaccinated between Dec. 14, 2020 and Feb. 14, 2021.

In one analysis, they reviewed the records of 12.4 million people who had received the first dose of a two-dose vaccine regimen and had enough time to get the second dose. Some 88 percent had completed the series, while 8.6 percent were still within the allowable interval — 42 days — to receive the second dose. But 3.4 percent had missed that window. (The recommended interval between doses is 21 days for the Pfizer-BioNTech vaccine and 28 days for Moderna).

Americans most likely to have missed the second dose varied by locality. Among vaccine recipients for whom information on race and ethnicity were known, the lowest completion rates were among Native American or Alaska Native individuals.

A second analysis of 14.2 million people who completed the full regimen found that 95.6 percent received the second dose within the recommended period, though again the figures varied by community.

The authors of the study urged providers and public health workers to encourage Americans to come back for second doses and to emphasize the importance of full vaccination. C.D.C. officials also asked that vaccinators work to understand what keeps people from completing the series, and whether access or lack of confidence in the vaccines are playing a role.

GLOBAL ROUNDUP

With the borders closed, Russian tourists are discovering domestic destinations, like Lake Baikal.Credit…Sergey Ponomarev for The New York Times

Usually, it is foreigners who flock to Lake Baikal in Siberia this time of year to skate, bike, hike, run, drive, hover and ski over a stark expanse of ice and snow, while Russians escape the cold to Turkey or Thailand.

But Russia’s borders are still closed because of the pandemic, and to the surprise of locals, crowds of Russian tourists have traded tropical beaches for the icicle-draped shores of Baikal, the world’s deepest lake. The tour guides are calling it Russian Season.

If you catch a moment of stillness on the crescent-shaped, 400-mile-long, mile-deep lake, the assault on the senses is otherworldly. You stand on three feet of ice so solid it is crossed safely by heavy trucks, but you feel fragile, fleeting and small.

Yet stillness is hard to come by.

Western governments have been discouraging travel during the pandemic, but in Russia, as is so often the case, things are different. The Kremlin has turned coronavirus-related border closures into an opportunity to get Russians — who have spent the last 30 years exploring the world beyond the former Iron Curtain — hooked on vacationing at home.

A state-funded program that began last August offers $270 refunds on domestic leisure trips, including flights and hotel stays. It is one example of how Russia, which had one of the world’s highest coronavirus death tolls last year, has often prioritized the economy over public health during the pandemic.

“Our people are used to traveling abroad to a significant degree,” President Vladimir V. Putin said in December. “Developing domestic tourism is no less important.”

In other news from around the world:

  • The government of Hong Kong said on Monday that vaccine eligibility would be expanded to include everyone age 30 and older regardless of occupation, as the Chinese territory tries to increase vaccine uptake. About 200,000 of Hong Kong’s 7.5 million residents have received a first dose of either the BioNTech or Sinovac vaccines since the inoculation drive began late last month. But the proportion of people who show up for their appointments has fallen amid reports that six people have died after receiving the vaccine developed by Sinovac, a private Chinese company. Officials say that two of the deaths are not directly related to the vaccine and that the others are under investigation. The vaccine announcement came as Hong Kong is trying to contain a cluster of cases that began at a gym and has grown to 122 people, with more than 850 close contacts sent to government quarantine facilities and multiple residential buildings locked down overnight for mandatory testing. Also on Monday, the U.S. Consulate in Hong Kong said it was closing for deep cleaning after two employees tested positive for the virus.

The pandemic became real for Clary Montgomery when she introduced her daughter, Paloma, who was born March 11, 2020, to family members via video.

“When my toddler grandson tried to feed me a blueberry through the cellphone screen.”

That was the answer from Alice Gilgoff, 74, of Rosendale, N.Y., when The New York Times asked readers: When did the coronavirus pandemic become real for you? Nearly 2,000 people responded, and we have compiled many of their thoughts.

Across the United States and around the globe, nearly everyone experienced a moment when the pandemic truly hit home. And one year later, as the pandemic carries on, having claimed more than 2.6 million lives worldwide, it has been with us long enough to have its own history.

The answers from readers to that question are a journey through time. It has been a year of trauma and resilience. No one has been spared, yet some have borne burdens far more profound than others.

Still, our stories connect us: each of us human, each of us just trying to survive a pandemic that changed us and the world.

Denise Saylor photographed herself as Lara Comstack injected her with  vaccine in January at the Callen-Lorde Community Health Center in Manhattan.Credit…James Estrin/The New York Times

Most people aren’t particularly fond of needles.

For a significant number of people, though, fear of needles goes beyond anxiety into a more dangerous area, and prevents them from seeking out needed medical care.

As the world’s hopes of returning to a post-pandemic normal rest largely on people’s willingness to take a Covid-19 vaccine, experts and health care professionals are assuring those people that there are ways to overcome this problem.

“It would be heartbreaking to me if a fear of needles held someone back from getting this vaccine, because there are things we can do to alleviate that,” said Dr. Nipunie S. Rajapakse, an infectious diseases expert at the Mayo Clinic in Minnesota.

A study from the University of Michigan found that 16 percent of adults in several countries avoided annual flu vaccinations because of a fear of needles, and 20 percent avoided tetanus shots.

Whether fear is keeping you from being vaccinated at all or is causing you distress about doing so, there are some steps that the experts suggest:

  • Seek professional help. A therapist can help people with the most severe fear, especially if the fear is interfering with getting appropriate medical care.

  • Tell the nurse about your fear before getting the shot. There may be techniques the nurse can use, or products may be available, to reduce the pain of the injection or to put you at ease.

  • Distract yourself. It could be a YouTube video or your favorite song playing on your phone. You could practice deep-breathing or meditation techniques, or wiggle your toes, or look around and count all of the blue items you can see in the room.

  • Focus on the benefits. Think about the summer barbecues, family gatherings and economic recovery the vaccines will help usher in, and you might be feeling more optimistic and excited than nervous.

The apparent assault on an Uber driver, Subhakar Khadka, is the latest incident involving confrontations around coronavirus protections.Credit…Jason Henry for The New York Times

Two arrests have been made after scenes from a viral video that circulated showed passengers taunting and deliberately coughing on an Uber driver.

In the dashcam video, the driver, who had a hand on his head, looked exasperated. A woman in the passenger’s seat uttered an expletive about a mask and then coughed on the driver, while using racial slurs. Another passenger joined in, pulling down her mask and laughing. “And I got corona,” she said.

The driver refused to continue the ride, and the situation escalated. The passenger who had initially coughed on the driver grabbed his phone and tore off his mask, breaking the strap. The women continued screaming profanities.

The San Francisco Police Department said in a statement last Thursday that the driver, identified by KGO-TV as Subhakar Khadka, had picked up three passengers in the early afternoon on March 7, but when he saw that one of the women was not wearing a mask, he told them he would not continue unless they all wore masks.

In a video that was posted on Instagram and has since been removed, one passenger said that the driver was trying to make them exit the car in the middle of the freeway.

Soon, “an altercation ensued,” the police said.

One woman grabbed the driver’s cellphone, which Mr. Khadka eventually retrieved, and another passenger sprayed “what is believed to be pepper spray” into the car through an open window after they exited the vehicle, according to the police.

The flare-up is the latest high-profile example of mask conflicts, which have sometimes taken violent turns. Last year, prosecutors in Chicago said two sisters attacked a store security guard with a garbage can. One of the women stabbed the guard repeatedly with a small knife after he tried to insist that they wear masks and use the store’s hand sanitizer on entry.

In another case last year, an 80-year-old man in upstate New York was killed after he asked a bar patron to wear a mask; the patron shoved the man to the ground, causing him to hit his head.

Mr. Khadka, an Uber driver from Nepal who came to the United States eight years ago, said in an interview with KPIX that he never said anything “bad” to the women, and that they had refused to leave his car. Mr. Khadka said he believed he was singled out for their ire because he is South Asian. “If I was of another complexion, I would have not gotten that treatment from them,” he said. “The moment I opened my mouth to speak, they realized I’m not among one of them. It’s easy for them to intimidate me.”

One of the passengers was arrested in Las Vegas on Thursday, the Las Vegas Police Department said. The passenger, Malaysia King, 24, was taken into custody on a warrant for assault with a caustic chemical, assault and battery, conspiracy and violation of a health and safety code, the police said.

A second passenger, Arna Kimiai, 24, turned herself in on Sunday, the San Francisco Police Department announced. Ms. Kimiai was booked on charges of robbery, assault and battery, conspiracy, and violation of a health and safety code.

“The behavior captured on video in this incident showed a callous disregard for the safety and well-being of an essential service worker in the midst of a deadly pandemic,” said Lt. Tracy McCray, who heads the San Francisco Police Department’s robbery detail.

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Health

Disenfranchised Grief in a Yr of Pandemic Losses

Lockdowns had an immediate financial impact on Annabelle Gurwitch, a Los Angeles writer who lost assignments and lectures. The advertisement for her new book “You go when ?: Adventure in downward mobility” has become virtual. But when her kid’s graduation from Bard College went online, she cried in her backyard. Her child had worked hard and even started a sobriety club on campus.

“I was so proud of them that they graduated from college in four years,” she said. “David Byrne should be the speaker. There is so much suffering going on and I felt like such a terrible person, upset that I couldn’t go to graduate school and see David Byrne. That is low on the level of suffering. But damn it, we got our kid through four years. The child sobered up while studying. May I say we were disappointed? “

Around the same time as graduation, Ms. Gurwitch developed a cough. She received a coronavirus test and a chest x-ray, which eventually led to a diagnosis of stage 4 lung cancer. After being diagnosed with cancer, Ms. Gurwitch noticed that her friends were starting to downplay their own struggles and grief. A friend was diagnosed with breast cancer and had a double mastectomy, but didn’t want to tell her because she felt that breast cancer wasn’t as bad as lung cancer.

“I had her from cancer,” said Ms. Gurwitch. “It’s terrible not to feel that your suffering has a place.”

38-year-old Erin, who asked that her full name not be used to protect her privacy, said she lost another year of fertility during the pandemic lockdowns. After miscarriage a few years ago, she tried to conceive, but her husband did not think it useful to start a pregnancy during a pandemic. “Mother’s Day came and I was close to my 38th birthday and it became clear that I didn’t have much time,” she said. “This biological clock – The tick is very noisy and it’s a very real thing. “

Erin said that their marriage was starting to fall apart and she realized that she would probably have to do it alone if she wanted to become a mother. She and her husband are now getting divorced, she is taking steps to freeze her eggs, and she is investigating adoption and promoting parenting. She said grief over infertility and miscarriages was only compounded by living in a pandemic as she gains insight into people’s family lives through video calls.

“A staff member, every time we talk, she talks about the Lamaze class,” she said. “This is great for her, but it’s not OK for me to say that I’m struggling with it. I lost a child. I’ve lost my fertile years. This is one area where I am really having trouble. As a society, we don’t talk about it openly. “

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Business

Biden, Pitching Stimulus, Guarantees Milestones for Vaccines and Checks

WASHINGTON – President Biden said Monday that his administration was well on its way to meeting two key goals by March 25: 100 million rounds of Covid-19 vaccines since inauguration and 100 million direct payments under its Economic Facility Act .

The announcement was the first in a series of end zone dances Mr Biden and administrative officials will stage this week as they promote the $ 1.9 trillion package the president put into law last week.

“Shots in the arms and money in my pockets. This is important, ”said Biden in a short speech from the White House. “The American rescue plan is already doing what it was designed to do: improving people’s everyday lives.”

Over the weekend, the Treasury Department began issuing direct electronic payments of $ 1,400 per person, as permitted by law, to low- and middle-income Americans. The United States has administered 92.6 million doses of vaccine since Mr. Biden took office on Jan. 20. That comes from data released Monday by the Centers for Disease Control and Prevention. At the current rate of vaccinations, the country will be delivering 100 million doses before the end of the week, well before the president’s March 25 promise.

However, the relief plan includes dozens of other provisions that have yet to be implemented, such as new monthly checks for parents, $ 350 billion for state and local governments, and additional aid for the unemployed.

With so much money at stake, and with Republicans criticizing the package as wasteful, Mr Biden vowed to put “sophisticated controls” on the auxiliary bill to ensure it was distributed quickly and fairly.

He introduced Gene Sperling, a longtime democratic policy advisor who advised Mr Biden’s presidential campaign last year, as his choice to oversee spending from the aid package. Mr. Sperling will be a senior adviser to the President and a White House employee who will work independently of an oversight commission set up by Congress during the pandemic, made up of inspectors-general from various agencies.

“We have to prove to the American people that their government can deliver for them, without waste or fraud,” said Biden.

His remarks came as his team prepared to hold sales pitches across the country for a week to get a bill that proved hugely popular with voters but didn’t get any Republican votes.

Mr. Biden will visit Delaware County, Pennsylvania, Tuesday and appear in Atlanta with Vice President Kamala Harris on Friday, which has helped give Democrats the Senate majority that made the relief plan possible.

A group of administrative officials including first lady Jill Biden and Mrs. Harris’ husband Doug Emhoff will make their own trips. Ms. Harris and her husband landed in Las Vegas Monday afternoon for an event while Dr. Biden finished an event in New Jersey.

The roadshow is an attempt to avoid the messaging mistakes made by President Barack Obama’s administration, which Democrats believed failed to gain vocal support for his $ 780 billion stimulus plan after it was passed in 2009. The challenge for the Biden government will be to highlight less obvious provisions, including the largest federal infusion in generations of aid to the poor, a significant increase in child tax credits, and an increase in health insurance subsidies.

Mr Sperling’s challenge will be to deliver on Mr Biden’s promises of transparency and accountability for these programs.

The President and White House officials called Mr. Sperling, who was well qualified for the job. He was the director of the National Economic Council under Obama and President Bill Clinton. In the Obama administration, where he first served as a financial advisor, Mr. Sperling helped coordinate a bailout for Detroit automakers and other parts of the government’s response to the 2008 financial crisis.

He informally advised Mr Biden’s 2020 campaign and helped to improve the political agenda of the Better Deconstruct campaign. Friends over the past few months have described Mr. Sperling as eager to join the administration; He had been named as a possible candidate to head the Office of Administration and Budget after Neid Tanden, Mr Biden’s first candidate for the position, withdrew under opposition from the Senate.

Frequently asked questions about the new stimulus package

How high are the business stimulus payments in the bill and who is entitled?

The stimulus payments would be $ 1,400 for most recipients. Those who are eligible would also receive an identical payment for each of their children. To qualify for the full $ 1,400, a single person would need an adjusted gross income of $ 75,000 or less. For householders, the adjusted gross income should be $ 112,500 or less, and for married couples filing together, that number should be $ 150,000 or less. To be eligible for a payment, an individual must have a social security number. Continue reading.

What Would the Relief Bill do for Health Insurance?

Buying insurance through the government program known as COBRA would temporarily become much cheaper. Under the Consolidated Omnibus Budget Reconciliation Act, COBRA generally lets someone who loses a job purchase coverage through their previous employer. But it’s expensive: under normal circumstances, a person must pay at least 102 percent of the cost of the premium. Under the relief bill, the government would pay the full COBRA premium from April 1 to September 30. An individual who qualified for new employer-based health insurance elsewhere before September 30th would lose their eligibility for free coverage. And someone who left a job voluntarily would also be ineligible. Continue reading

What would the child and dependent care tax credit bill change?

This loan, which helps working families offset the cost of looking after children under the age of 13 and other dependents, would be significantly extended for a single year. More people would be eligible and many recipients would get a longer break. The bill would also fully refund the balance, which means you could collect the money as a refund even if your tax bill were zero. “This will be helpful for people on the lower end of the income spectrum,” said Mark Luscombe, chief federal tax analyst at Wolters Kluwer Tax & Accounting. Continue reading.

What changes to the student loan are included in the invoice?

There would be a big one for people who are already in debt. You wouldn’t have to pay income tax on debt relief if you qualified for loan origination or cancellation – for example, if you’ve been on an income-based repayment plan for the required number of years, if your school cheated on you, or if Congress or the President wipe out $ 10,000 debt gone for a large number of people. This would be the case for debts canceled between January 1, 2021 and the end of 2025. Read more.

What would the bill do to help people with housing?

The bill would provide billions of dollars in rental and utility benefits to people who are struggling and at risk of being evicted from their homes. About $ 27 billion would be used for emergency rentals. The vast majority of these would replenish what is known as the Coronavirus Relief Fund, which is created by the CARES Act and distributed through state, local, and tribal governments, according to the National Low Income Housing Coalition. This is on top of the $ 25 billion provided by the aid package passed in December. In order to receive financial support that could be used for rent, utilities and other housing costs, households would have to meet various conditions. Household income cannot exceed 80 percent of area median income, at least one household member must be at risk of homelessness or residential instability, and individuals would be at risk due to the pandemic. According to the National Low Income Housing Coalition, assistance could be granted for up to 18 months. Lower-income families who have been unemployed for three months or more would be given priority for support. Continue reading.

Mr Sperling’s challenge with the bailout plan will be different from the one Mr Biden faced in 2009 as the relief bill is very different from Mr Obama’s signature stimulus plan. The Biden plan is more than twice the size of Mr Obama’s. It includes money to hasten the end of the pandemic, including billions for vaccine use and coronavirus testing. The plans also share similarities, including more than $ 400 billion each in total spending for school districts and state and local governments.

The surveillance of the $ 1.9 trillion aid laws is currently expected to be based on the Byzantine surveillance architecture set out in the Congressional stimulus packages passed last year.

The new effort will continue to rely on the Government Accountability Office and the Pandemic Response Accountability Committee, a body of Inspectors General from across the federal government.

Less clear is the fate of the Congressional Oversight Commission, the five-member bipartisan body set up to oversee the Treasury Department’s $ 500 billion fund that supports the Federal Reserve’s emergency loan programs and airline and corporate lending to the national security are vital. The commission currently has only three members and the Fed programs were finalized late last year.

The Commission’s January report said it plans to continue to analyze and report on “loans, loan guarantees and investments made before the program ended”.

It is not clear whether the mechanisms in place will be sufficient to monitor the money in the new aid package, which will pump billions of dollars into states and cities. Additional supervisory measures are likely to be required.

A finance official said the department will put in place a process to monitor the use of funds sent to states to ensure they are used in accordance with legal licensing requirements.

Like many Americans in the pandemic, Mr. Sperling must at least initially coordinate and control these efforts virtually. White House press secretary Jen Psaki said Monday that Mr Sperling would work from his California home until he is vaccinated.

Categories
Politics

Deb Haaland confirmed as Inside secretary

The Senate voted Monday to reaffirm Rep. Deb Haaland, DN.M., as Secretary of the Home Office to President Joe Biden, making the second-term Democrat the first Native American Cabinet Secretary in US history.

The vote took place between 51 and 40, with four Republicans joining the Democrats.

Haaland, a registered member of Laguna Pueblo, has received non-partisan support to run the interior department, which employs 70,000 people and is responsible for overseeing the country’s natural resources. The agency manages nearly 500 million acres, or one-fifth the size of the United States.

Haaland’s confirmation fills one of the few vacancies in Biden’s cabinet almost two months after he was sworn in. With most of the key posts now occupied, prominent positions include the United States Sales Representative, Secretary of Labor, and Secretary for Health and Human Services.

“We’ve made history twice now in the last few minutes,” Senate Majority Leader Chuck Schumer, DN.Y., said after the vote, noting that Haaland was the first Native American Secretary of the Interior and first Native American Cabinet Secretary .

The confirmation marks a win for progressives who campaigned for Haaland’s nomination, including Senator Elizabeth Warren, D-Mass. Haaland, a Green New Deal supporter, was a co-chair of Warren’s 2020 presidential campaign.

Republicans tried to take Haaland’s progressive stance toward her during their confirmation hearings last month. Senator Steve Daines, R-Mont., Urged Haaland for her support for the Green New Deal and the falling number of jobs in the fossil fuel industry.

“I believe there are millions of jobs in a clean energy future,” replied Haaland, consistent with previous statements from Biden. “If we can all work together, we can do it all. I think we can protect our public land and create jobs.”

When asked about her opposition to fracking on public land, Haaland replied that if affirmed, she would support Biden’s agenda, not necessarily her own.

“I understand that President Biden does not endorse a ban on fracking,” she said.

During the hearing, Haaland stressed her bipartisan references. In her first year in Congress, Haaland instituted more bills with a co-sponsor of another party than any other newcomer to the House, according to GovTrack. This makes it the tenth largest politically left member of Congress.

The Energy and Natural Resources Committee voted in early March to push Haaland’s nomination 11 to 9. Senator Lisa Murkowski, R-Alaska, joined 10 Democrats for her endorsement.

In a somewhat unusual maneuver, Haaland also extolled the support of Rep. Don Young, another Republican from Alaska, who introduced her to the committee.

“I let her reach across the aisle to talk to me about Alaska. She’s non-partisan,” Young told lawmakers.

Murkowski was one of the obvious skeptics on the committee, despite having voted to push Haaland’s nomination.

“I will place my trust in Rep Haaland and her team despite some very real concerns,” said Murkowski.

The four Republicans who voted for Haaland’s confirmation on Monday were Murkowski, Senator Dan Sullivan, R-Alaska, Senator Lindsey Graham, RS.C., and Senator Susan Collins, R-Maine.

Senator Joe Manchin, the influential and closely watched moderate Democrat from West Virginia, also gave his approval. Manchin, quoting Young’s approval, said it was “a long time since a Native American woman got a seat on the cabinet table.”

Haaland at the hearing pledged to work to repair the U.S. federal government’s relationship with Native American tribes if confirmed. She pointed to her own story as an inspiration.

“If an Indigenous woman from humble beginnings can be confirmed as Home Secretary, our country holds promise for everyone,” she said.

Haaland is one of the first two Native American women to be elected to Congress, along with Democratic colleague Sharice Davids of Kansas, a member of the Ho Chunk Nation.

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Categories
Business

Eli Lilly, AMC, Delta Air Strains and extra

Here are the companies that hit the headlines on Wall Street on Monday.

Eli Lilly – The drugmaker’s shares fell more than 9% after a phase 2 study of donanemab showed the treatment slowed the progression of Alzheimer’s disease. Mizuho Securities said in a note that the results were “solid, not stunning”.

AMC Entertainment – The cinema giant’s shares rose 25.8% as it began reopening theaters in Los Angeles. AMC reopened two locations in the city on Monday and plans to reopen the remaining 23 theaters in Los Angeles by Friday. The company hopes to open all locations across the state by Friday.

American Airlines, United Airlines, Delta Air Lines and Alaska Air Group – Shares in major US airlines rose Monday on optimism about the return to normal travel with the introduction of vaccines. Air traffic over the weekend reached its highest level in more than a year and airlines are registering more bookings. American Airlines and United Airlines stocks rose 8.3% and 7.7%, respectively. Delta was up 2.3% and Alaska Air Group was up 5.8%.

MGM Resorts – Hotels and gaming stocks rose roughly 5.1% after investment firm Jefferies MGM upgraded to buy from the hold. The company cited reasons for optimism that the prospects for travel to Las Vegas improved and the rise in online gambling.

Unity Software – Unity Software’s shares rose 3.8% after Goldman Sachs began backing the video game stock with a buy recommendation known as a “design platform for the masses.” The Wall Street company has given Unity a target price of $ 126 per share, up nearly 20% from its opening price of $ 105.70 per share.

Gap – The retailer’s shares rose 4.7% after Wells Fargo raised its target for the stock to a street high of $ 40, up about 30% above where stocks closed on Friday. The company “appears extremely well positioned for market share gains this year, Athleta has a significant runway for further growth, and the Gap brand is green with its brand health initiatives,” Wells Fargo wrote in a statement to customers.

NXP Semiconductors, Penn National Gaming – S&P Dow Jones Indices announced new additions to the S&P 500 on Friday, adding to the shares of Penn National Gaming and NXP Semiconductors. Shares rose 9% and 4.6% respectively on Monday.

GenMark Diagnostics – Diagnostics company’s shares rose 30% after it was revealed that Roche had bought GenMark for $ 1.8 billion in cash. The potential for a deal had already been reported.

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Health

CDC chief warns of one other Covid surge as Individuals journey for spring break

Passengers arrive for American Airlines flights at O’Hare International Airport in Chicago, Illinois on February 05, 2021.

Scott Olson | Getty Images

The US could still see a renewed spike in coronavirus – even if vaccinations against Covid-19 surge across the country – as states relax restrictions and more Americans travel to spring break, the centers’ head warned disease control and prevention on Monday.

“With warmer weather coming, I know it is tempting to relax and lose our vigilance, especially after a harsh winter that unfortunately saw the most cases and deaths during the pandemic,” said CDC Director Dr . Rochelle Walensky said at a press conference.

The Transportation Security Administration (TSA) examined more than 1.34 million people on Sunday, 86,000 more than the same day a year ago, shortly after the World Health Organization declared Covid-19 a pandemic.

TSA screenings have exceeded 1 million every day since Thursday, the highest volume in a year. While air traffic is well below 2019 levels, despite the CDC’s warning of non-essential travel, more and more Americans are returning to heaven, even those who are fully vaccinated.

Although many colleges in the US have scaled back their spring break to curb parties and infection, Biden’s top government officials are still concerned about travelers “enjoying a maskless spring break,” Walensky said.

“I beg you, for the sake of the health of our nation,” Walensky said at the briefing on Monday. “The cases rose last spring, they rose again in the summer, they will climb now if we no longer take precautions, if more and more people are being vaccinated.”

Even with infections declining and vaccine adoption rapidly growing, the US continues to report a dangerously high baseline of daily cases that could be higher if Americans lose their vigilance, Biden’s top health officials have warned. Around 37.5 million people in the US, about 11% of the population, have been fully vaccinated to date, according to the CDC.

The U.S. has come a long way since early January when it hit a weekly average of just over 250,000 new cases per day. According to a CNBC analysis of data compiled by Johns Hopkins University, the nation reports an average of 53,670 new infections per day for the past week, a 10% decrease from the previous week.

– Leslie Josephs of CNBC and the Associated Press contributed to this report.

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Business

How Your 2020 Taxes Are Affected by the Coronavirus Pandemic

You need to know how much you have already received in order to receive credit. If you don’t have the information about the amounts (note 1444 for the first stimulus payment and 1444-B for the second), you can find the information by creating a custom online account. (Spouses filing together have separate accounts.)

The quickest way to get the credit is to file a tax return electronically and have the money deposited directly, even if you don’t have to file anything else. If you make $ 72,000 or less, you can do so for free through the IRS Free File program.

This is especially possible if your financial situation or your status has changed in the last year.

The 2020 tax return recovery credit is based on an individual’s 2020 tax year information, while the second business stimulus payment is based on the 2019 tax year. (For the first stimulus review, the IRS said, a 2018 return may have been used if the 2019 return was not filed or processed.) If your 2020 income fell and you did not receive the full amount, you could maybe do more get.

The same applies to changes in living conditions. For example, if you had a child in 2020, you may be eligible for more money or you may no longer be dependent on your parents’ tax return (and were in 2019), which may make you eligible.

Undocumented immigrants without a Social Security number are not eligible for payments – and the CARES Act, the $ 2 trillion aid package that went into effect in late March, also prevented most spouses and children from receiving checks, even if they were U.S. Were citizens.

The December The auxiliary bill has at least partially changed that. Now married couples who submit joint feedback may be able to reclaim payments for a spouse who has a valid social security number, the IRS said. Every child with a social security number is also entitled to payments.

To determine if you qualify, use the discount credit recovery worksheet or tax preparation software.

The latest aid package includes an additional stimulus payment of up to $ 1,400. The IRS calculates payments based on your most recent tax return.

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Politics

U.S. Tried to Restart Nuclear Talks With North Korea

The Biden government has tried to resume talks with North Korea over the fate of its nuclear program, but its overtures have not been returned, the White House press secretary confirmed on Monday.

Jen Psaki, the press secretary, told reporters in an afternoon briefing that “we reached out to North Korean officials” but hadn’t heard from them, and confirmed a Reuters report over the weekend.

“We have a number of channels that we can reach as always,” said Ms. Psaki. “We also focus on advising many former government officials involved in North Korea policy, including several previous administrations. We have and will continue to work with our Japanese and South Korean allies to seek input and explore new approaches. We listened to their ideas carefully. “

“Diplomacy is always our goal,” said Ms. Psaki. “Our goal is to reduce the risk of escalation. However, so far we have not received a response. “

Mr Biden took office in the face of the increasing threat of nuclear proliferation around the world, including North Korea, which has expanded its arsenal of missiles, including those that could reach the United States.

His predecessor Donald J. Trump cultivated a personal relationship with North Korean leader Kim Jong-un – including being the first American president in 70 years of conflict and conflict to meet in person with a North Korean head of state – to advance disarmament. These efforts failed. North Korea continued to develop new weapons. A North Korean official said last summer that hopes for peace with South Korea and the United States had “turned into a dark nightmare.”

Mr Biden discussed the North Korean issue with South Korean President Moon Jae-in in early February and agreed to “closely coordinate” the matter, according to a reading of the appeal by the White House.

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Health

They Died Saving Others From Covid. Will Anybody Rely Them?

Dr. Mehl, 73, the son of European immigrants who escaped the Holocaust, grew up in Brooklyn and spent his entire 50-year career at New York University, often kibbling with lab technicians, cafeteria staff, and security guards in the hallway. Colleagues named him NYU Mayor

He could also be blatantly emotional. “When he dropped me off at summer camp, he was the only crying father,” said his daughter.

Dr. Flour was a voracious reader – World War II history books, Israel and the United States were his favorites. Whenever he traveled, he woke up every morning to tackle a grueling route of museums, monuments, and restaurants. “He would plan the next vacation before we got home,” said his wife Nancy Greenwald.

At a time when many doctors are retiring, Dr. Flour insisted on working full-time even though he was finally ready to move out on Fridays last March. He laid out a precise plan for that first Friday: wake up, read the newspaper, go back to bed, have breakfast, and then take a nap. But he woke up that day with a backache, and when it got unbearable, Ms. Greenwald decided to call an ambulance. (Four of the patients he treated last week had later tested positive for the virus.)

It was only when the rescue team refused to climb inside that Ms. Greenwald realized that her husband might have contracted the coronavirus. Her searest memory was standing outside New York University later that day when a long line of ambulances with flashing lights waited to take patients to the emergency room. A few days later, she also contracted Covid-19, but recovered quickly.

In one of his final pre-intubation discussions, Dr. Flour from his wife and daughter that he would be awake in 10 days, but not before he made fun of the lousy food. He was on a ventilator for 50 days and died on May 20.

If you are thinking of suicide, call the National Suicide Prevention Lifeline at 1-800-273-8255 (TALK). For a list of additional resources, see SpeakingOfSuicide.com/resources.

Categories
World News

Wall Road rally pauses after shares hit document highs

Stocks were flat on Monday, with the Dow and S&P 500 hovering near record highs on optimism about the economic reopening.

The Dow rose about 10 points after hitting a daily high in the Open. The S&P 500 was down 0.1% and the Nasdaq Composite was down 0.2%.

Stocks, which will benefit the most from a quick economic comeback from the pandemic, drove the gains. American Airlines and United Airlines stocks rose 7% and 8%, respectively.

As part of the $ 1.9 trillion stimulus package that went into law last week, the IRS began processing $ 1,400 in direct payments for millions of Americans, which is expected to add juice to the already recovering economy.

Air traffic over the weekend hit its highest level in more than a year when the Covid-19 vaccine was introduced and Americans went back on vacation.

Stocks hit their lows when Italy, along with France, Germany, Ireland and the Netherlands stopped using the coronavirus vaccine developed by AstraZeneca and Oxford University because of blood clot concerns.

The 10-year Treasury yield was trading at 1.616% on Monday after hitting its highest level in more than a year on Friday. The surge in bond yields has challenged growth stocks for the past few weeks, dragging investors into cyclical pockets of the market.

“Bond yields remain the main risk to the stock market,” said Jim Paulsen, chief investment strategist at Leuthold Group. “They are calm until this morning, however, and as the pace of their recent advance slows, investors can focus more on how low overall returns remain.”

“Investors will continually grapple with the fear of economic overheating and Fed tightening that have gripped markets over the past few weeks,” David Kostin, Goldman’s chief US equities strategist, wrote in a note. “We believe stock valuations should be able to digest 10-year returns of around 2% with little difficulty.”

Shares rose last week, the Dow rose 4% and the S&P 500 rose 2.6%. The S&P 500 and the Dow both closed at record highs on Friday. The Nasdaq Composite was up 3% last week despite a sell-off on Friday triggered by rising interest rates.

Investors will prepare for Wednesday when the Federal Reserve will make its rate decision. The central bank is expected to recognize much better economic growth. Bond professionals are also watching to see if Fed officials will tweak their interest rate outlook, which now doesn’t include rate hikes through 2023.

On the vaccine front last week, Biden announced that he would instruct states to question all adults for the vaccine by May 1. Biden also made a goal of allowing Americans to meet in person with friends and loved ones in small groups to celebrate the Fourth of July.

(Correction: In an earlier version of the story, Goldman’s Kostin title was incorrectly stated.)