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Health

Empty Center Seats on Planes Reduce Coronavirus Danger in Examine

Leaving the center seats vacant during a flight could reduce passenger exposure to coronavirus in the air by 23 to 57 percent. This is what researchers reported in a new study that modeled how aerosolized virus particles spread in a simulated aircraft cabin.

“Next is always better in terms of exposure,” said Byron Jones, a mechanical engineer at Kansas Sate University and co-author of the study. “It’s true in airplanes, it’s true in cinemas, it’s true in restaurants, it’s true everywhere.”

However, the study may have overestimated the benefits of having empty center seats by ignoring the wearing of masks by passengers.

“It’s important for us to know how aerosols spread in airplanes,” said Joseph Allen, a ventilation expert at Harvard TH Chan School of Public Health who was not involved in the study. But he added, “I am surprised that this analysis is now being published and it makes a big statement that the center seats should be left open as a risk mitigation approach if the model does not take into account the effects of masking. We know that masking is the most effective measure to reduce emissions from inhalation aerosols. “

Although scientists have documented several cases of coronavirus transmission on airplanes, airplane cabins are generally low risk environments as they tend to have excellent ventilation and filtration.

Still, concerns about the risk of air travel have swirled since the pandemic began. Planes are tight environments, and full flights make social distancing impossible. As a precaution, some airlines have started keeping the center seats free.

The new paper, published Wednesday in the Weekly Report on Morbidity and Mortality, is based on data collected at Kansas State University in 2017. In this study, the researchers sprayed a harmless aerosol virus through two mock aircraft cabins. (One was a five-row section of an actual single-aisle aircraft, the other a model of a wide-bodied double-aisle aircraft.) The researchers then monitored how the virus spread in each cabin.

For the new study, researchers from the state of Kansas and the Centers for Disease Control and Prevention used the 2017 data to model how passenger exposure to a virus in the air would change if each middle seat was in one 20-row entrance cabin would remain open.

Depending on the specific modeling approach and the parameters used, keeping the middle seats empty reduced the overall load on the passengers in the simulation by 23 to 57 percent compared to a fully occupied flight.

“Some airlines have been working with a vacant seat policy and this study supports the effectiveness of this intervention in conjunction with other existing measures,” a CDC spokesman said in a statement emailed.

This reduction in risk resulted from increasing the distance between an infectious passenger and others, as well as reducing the total number of people in the cabin, reducing the likelihood that an infectious passenger would be on board at all.

The laboratory experiments on the spread of viruses in aircraft cabins were conducted several years before the current pandemic began and did not take into account any protection that wearing masks could provide.

Masking would reduce the amount of virus infectious passengers release into cabin air and would likely reduce the relative benefit of keeping the center seats open, said Dr. All.

Dr. Jones agreed. “In general, I would think that wearing a mask would make this effect a lot less pronounced,” he said. He also noted that mere exposure to the virus does not mean that anyone will be infected by it.

“To what extent a reduction in exposure could reduce the risk of transmission is not yet known,” said the CDC spokesman.

The cost-benefit analysis is difficult for airlines. However, from a purely health perspective, keeping the center seats open would be helpful to create a buffer between an infectious person and others nearby, according to Alex Huffman, an aerosol scientist at the University of Denver who was not involved in the study . “Removal is important, both for aerosols and for droplets,” he said.

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Business

2 Killed in Driverless Tesla Automotive Crash, Officers Say

Mitchell Weston, chief investigator at the Harris County Fire Marshal’s Office, said that while the batteries are “generally safe”, high-speed shock can cause “thermal runaway,” which is “uncontrolled contact” between various materials in the batteries Batteries caused.

Thermal runaway can lead to fires and “battery reignition” even after an initial fire is extinguished, the security agency warned in its report. Mitsubishi Electric warns that “thermal runaway can lead to catastrophic consequences, including fire, explosion, sudden system failure, costly damage to equipment and possible personal injury.”

The firefighter’s office investigated the fire in the crash, a spokeswoman said. Constable Herman said his department was working with federal agencies to investigate.

He said police officers contacted Tesla on Saturday to “advise on some matters” but refused to discuss the nature of the talks.

Tesla, which has disbanded its PR team, didn’t respond to a request for comment.

Elon Musk, Tesla’s managing director, had published a recently released safety report from the company on Saturday and wrote on Twitter that “Tesla is busy with autopilot and is now approaching a ten times lower chance of an accident than the average vehicle”.

Tesla, which describes autopilot as the “future of driving” on its website, says the feature enables its vehicles to “automatically steer, accelerate and brake in their lane”. However, it is warned that “current autopilot functions require active driver monitoring and do not make the vehicle autonomous”.

In 2016, a driver in Florida was killed in a Tesla Model S who was in autopilot mode and unable to brake for a tractor-trailer that turned left in front of him.

Categories
Entertainment

‘Peter Grimes’ Sails on Uneven Seas of Brexit and the Pandemic

In Madrid, the British singers welcomed the opportunity to appear in a major “Peter Grimes” production with about 150 artists at a time when most opera houses in Europe and the United States were closed, but they also sounded concerned about what would come after that would come .

James Gilchrist, who sings the role of a priest in Britten’s opera, said 90 percent of his work was in the European Union rather than the UK, which worried him not only about his own future but also about the prospects for younger artists. “If you’re a promoter in Frankfurt or something, you’re not going to want to put a British artist on the top of your list because it’s such a hassle,” he said.

“For very established artists this is probably less of a problem as their name on the poster gets people in, but if you are more early in your career I think this will be very, very difficult. ”

Matabosch said the Teatro Real strives to have the best possible line-up regardless of nationality. He predicted that post-Brexit travel rules would be easier to navigate, but conceded that British artists risked losing substitution work, which is an important part of their income.

“I’m sure that in the end we will know exactly how to get a British singer across, just like people from Australia or Canada come here. The problem, however, is that if you need a last minute replacement and you have to fly over someone that same morning it is not really feasible from the UK at the moment, ”said Matabosch.

Another British member of the Peter Grimes cast, John Graham-Hall, thanked the Teatro Real for helping them overcome travel hurdles that left him with “a very bad feeling that the British government was not interested in the arts “. He also gave a brief summary of the twin hurdles posed by Brexit and the pandemic: “It’s a bloody nightmare.”

Alex Marshall contributed to coverage from London

Categories
Politics

Cooperman declines Warren invite to testify at Senate tax listening to

Senator Elizabeth Warren wants one of her greatest critics to stand in a legislature hearing next week, but that encounter will have to wait.

Warren, a progressive Democrat from Massachusetts, invited billionaire Leon Cooperman to testify on taxes before a Senate Finance Subcommittee hearing.

In a response to CNBC, Cooperman declined the invitation, calling it “selfish and insincere”.

“As I have said many times (including in my open letter to Senator Warren), I believe in a progressive income tax,” Cooperman wrote. “Personally, I’m happy to work ‘for the government’ six months a year and six months for myself. But many who live in cities and states with high taxes already pay more than the associated effective tax rate of 50 percent . and at some point higher effective rates (federal, state and local authorities combined) will confiscate, which should never be the ethos of this country. ”

In a letter to Cooperman, first received by CNBC, Warren urged the financier to attend a hearing organized and chaired by the Financial Responsibility and Economic Growth Subcommittee of the Finance Committee, which she chairs. The hearing, scheduled for April 27, will be titled Creating Opportunities through a Fairer Tax System.

Warren told Cooperman in the letter that she was interested in giving the longtime Wall Street executive “the opportunity to discuss my ultra-millionaire tax bill, which would level the playing field and narrow the racial wealth gap by bringing in the richest 100,000 American households surveyed. ” or the top 0.05% to pay their fair share. “The letter was sent to Cooperman on Monday.

A rivalry between Warren and Cooperman exploded during the Democratic presidential campaign. After proposing a property tax while in elementary school, Cooperman blew up her proposal in a letter to lawmakers.

“As much as it resonates with your base, your defamation of the rich is false, ignoring, among other things, the sources of their wealth and the essential contributions to society they are already making without your solicitation,” he said at the time.

A month later, Warren’s campaign ran a television commercial on CNBC targeting Cooperman and other business leaders. Her campaign also sold a mug that read “BILLIONAIRE TEARS” in response to a CNBC interview where Cooperman was crying.

Cooperman has since conducted numerous interviews ripping out Warren’s tax proposals, including a CNBC appearance in March advising viewers to buy gold if there is such a bill.

“When the wealth tax is over, go out and buy some gold because people will be rushing to find ways to hide their wealth,” Cooperman told CNBC at the time.

Cooperman was skeptical about Warren’s invitation on Tuesday.

“I’m trying to determine if she’s being objective or if she’s just trying to promote her own agenda,” Cooperman told CNBC in a statement. “I’m a little suspicious as she never replied to the letter I sent her earlier.”

Cooperman, who turns 78 two days before the hearing, is one of the most outspoken members of the investing community. He often speaks of his rags-to-riches story: he grew up in the South Bronx as a child of working-class Polish immigrants, attended public schools, and started his first job on Wall Street – at Goldman Sachs – with debt and no net worth.

After more than two decades with Goldman, Cooperman founded the hedge fund Omega Advisors in 1991. Today he is CEO of the Omega Family Office. Last year he signed the Giving Pledge, a commitment by the rich to donate much of their wealth to charity.

“That’s the American dream,” he said. “I want to give others the opportunity to live the American dream.”

Warren addresses Cooperman’s problems with her idea of ​​property tax in the letter sent Monday and encourages him to raise his concerns before her committee and those watching from home.

“But as we move quickly to examining changes to our manipulated tax laws so that the rich pay their fair share, I think you should be given the opportunity to present your perspective directly to Congress,” she writes to Cooperman. “The opportunity will allow you to express your views fully, not just in front of the financial news audience where you do express them often, but in front of the entire American people.”

Warren and other Democratic lawmakers have imposed a total annual tax of 3% on assets over $ 1 billion.

They have also called for a lower annual wealth tax of 2% on the net worth of households and trusts, which ranges from $ 50 million to $ 1 billion.

According to Forbes, Cooperman’s net worth is $ 2.5 billion.

Here is Cooperman’s full letter declining Warren’s invitation:

As you know, I was invited by Elizabeth Warren to testify at a hearing next Tuesday being held by the Subcommittee on Financial Responsibility and Economic Growth of the Senate Finance Committee (which she chairs) entitled “Creating Opportunities through a Fairer Tax System.” . “” The alleged purpose of your invitation is to give me the opportunity to express my views on their latest fair share legislative proposals – specifically their Ultra Millionaire Tax Act. Since the Senator felt it appropriate to publish my invitation in the media, I will do the same with this refusal.

Since I have just informed their office, I will not appear at Senator Warren’s hearing for several reasons:

  • My views on this subject are widespread and well known at this point. In addition to an extensive open letter I wrote to Senator Warren in October 2019, which was covered in both the print and broadcast media at the time, I had previously written an Op-Ed piece for the Financial Times of London which was subsequently taken up has been republished in other print and online media. I have expressed the same views several times on television. I see no reason to repeat in detail what I have said so many times. I am enclosing a copy of my 2019 open letter to Senator Warren for anyone who wants to refresh their memory on where I stand on this matter. I’m confident Senator Warren doesn’t need such refreshment himself.
  • I find Senator Warren’s invitation to be selfish and insincere. As has been the case since we first banned horns on the matter during her failed presidential bid, she wants to take to the stands at my expense and use this hearing as a platform to advance her own agenda. If she had replied directly to my open letter at this point and accepted my invitation to have a substantive discussion about how we can bridge our philosophical divide, I could feel different now. Instead, she preferred to fire off snarky tweets and sell “Billionaire Tears” mugs on her website to fund her sputtering campaign, and treated me with the utmost disdain. I believe this Senate hearing will be part of that dismissive treatment carried out in a showboating atmosphere that is not conducive to serious debate. I’m not interested in being denounced by her while she’s using me as a slide to promote her far-left manifesto.
  • As I have said many times (including in my open letter to Senator Warren), I believe in a progressive income tax. Personally, I am happy to work “for the government” six months a year and for myself six months. But many who live in cities and states with high taxes are already paying more than the 50 percent combined effective tax rate that implies, and at some point higher effective tax rates (federal, state, and local combined) become confiscating, which should never be the ethos this country. I also believe that there are more constructive approaches to pushing a progressive legislative agenda than an explicit wealth tax, the effectiveness of which has been largely exposed in the real world. Congress could begin addressing various loopholes in our tax laws that allow so much seepage through the rifts, including exemption from after-death taxation on capital gains, exemption from interest income for private equity and hedge funds, and the Withholding Tax – The deferral preference granted a like-for-like exchange under Section 1031 of the Internal Revenue Code. Our lawmakers could then proceed to pass some form of the Buffett Rule (which has been repeatedly rejected by Congress since it was first proposed in 2012) that would introduce a surcharge for taxpayers who earn more than $ 1 million a year, to better ensure that the highest earners are paying their fair share. But none of these play as well for the crowd as Senator Warren’s Soak the Rich campaign – another reason I don’t expect a fair hearing would be because I would appear at their show trial.
  • Most importantly, Congress seriously examines how progressive programs can be funded through revenue-neutral proposals that can eliminate bureaucratic waste instead of adding further administrative bloat – again essential, but boring, hence for most progressive politicians like Senator Warren of no interest.

I remember the words of the well-known economist Thomas Sowell:

“High tax rates in the upper income brackets allow politicians to win votes with class war rhetoric and portray their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating gaps that prevent the rich from actually closing pay those higher taxes – or maybe any taxes at all. What’s worse than class struggle is fake class struggle. The slippery talk of ‘fairness’ is at the heart of this fraud by politicians trying to squander more of the nation’s resources. “

These are my reasons for respectfully declining Senator Warren’s invitation. However, I will definitely prepare for the show.

lee

Categories
Health

Johnson & Johnson JNJ earnings Q1 2021 beat estimates

Johnson & Johnson’s coronavirus disease (COVID-19) vaccines will be seen at Northwell Health’s South Shore University Hospital in Bay Shore, New York on March 3, 2021.

Shannon Stapleton | Reuters

Johnson & Johnson on Tuesday reported $ 100 million in first-quarter sales of its Covid-19 vaccine, which is on hold in the US while federal health officials investigate a rare blood clotting problem.

When it released its first quarter financial results, the company also reported earnings and sales that exceeded Wall Street’s expectations.

According to Refinitiv’s average estimates, J&J has fared compared to Wall Street expectations as follows:

  • Adjusted earnings per share: $ 2.59 per share versus $ 2.34 expected.
  • Revenue: $ 22.32 billion versus $ 21.98 billion expected.

The New Jersey-based company’s share price fell slightly in premarket trading after the report.

J & J’s pharmaceuticals business, which developed the single-shot vaccine Covid, had sales of $ 12.19 billion, up 9.6% year over year. Results were driven by sales of the company’s multiple myeloma drugs Darzalex and Stelara, a treatment for Crohn’s disease.

The company’s consumer unit, which makes products like Neutrogena Face Wash and Listerine, had sales of $ 3.5 billion, down 2.3% year over year. J&J executives told investors the decline was due to an “unfavorable comparison” with the previous year when people were stocking over-the-counter products due to the virus.

The medical device unit grossed $ 6.57 billion, up 7.9% as the pandemic recovery improves. The unit was badly hit last year when the pandemic forced hospitals to postpone elective surgeries and Americans stayed at home.

J & J’s chief financial officer Joseph Wolk told CNBC Tuesday that the three businesses are “healthier” than they were last year when they entered the pandemic.

The company increased its profit and sales forecast for the year. J&J now expects full year earnings of $ 9.42 to $ 9.57 per share, compared to its previous guidance of $ 9.40 to $ 9.60 per share. Revenue is expected to range between $ 90.6 billion and $ 91.6 billion, compared to its previous forecast of $ 90.5 billion to $ 91.7 billion.

J & J’s Covid vaccine was suspended in the US after six women developed a rare but potentially life-threatening bleeding disorder. One woman died and another was in critical condition.

The six women developed a condition known as cerebral sinus thrombosis within about two weeks of receiving the shot, US health officials said. CVST is a rare form of stroke that occurs when a blood clot forms in the venous sinuses of the brain. It can eventually leak blood into the brain tissue and cause bleeding.

The Chief Medical Officer of the White House, Dr. Anthony Fauci said last week the hiatus would give US health officials the time they need to thoroughly investigate the cases and “find some common ground among the women involved”.

Vamil Divan, an analyst at Mizuho Securities, said in a notice to investors Tuesday that he expects security concerns about the J&J shot to fuel further demand for Pfizer’s mRNA-based vaccine.

During an earnings meeting with investors, J&J executives said the company was working to “restore confidence in the vaccine” after reports of rare blood clots shocked some patients.

“We hope by making people aware of it [of the risk,] Not only do we use clear diagnostic and therapeutic guidelines to restore confidence in our vaccine, ”said Dr. Paul Stoffels, Scientific Director of J & J.

Wolk told CNBC that the company is working with US regulators to ensure they have all the information they need to make a decision about using the J&J vaccine. He expects the US to make a decision by the end of this week. A key body of the Centers for Disease Control and Prevention is due to meet on Friday to make a recommendation on the vaccine.

“We remain very confident and hope the benefit-risk profile will work,” he told CNBC’s Squawk Box, adding that the company continues to expect 100 million doses to be released in the first half of this year will, if the US investigation is conducted on the clot cases, “go well.”

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Business

Peloton’s conflict with company over Tread+ security might tarnish model

Maggie Lu uses a peloton treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada.

Ethan Miller | Getty Images

A public argument with a federal agency over safety concerns and a terrifying video of a child being pulled under a treadmill threaten the community Peloton has built.

Time-pressed parents and workout addicts who own Peloton products scratch their heads and visit social media platforms and community chat rooms to discuss the fitness equipment manufacturer’s response to the US Consumer Product Safety Commission. The agency is investigating the safety of Peloton’s high-end treadmill, which has now been linked to numerous injuries and the death of a child.

Peloton has said it has no intention of recalling its $ 4,300 Tread +, despite regulators and politicians calling for it.

The back-and-forth jeopardizes the launch of Peloton’s lower-priced treadmill machine in the US later this year. Branding experts and attorneys warn that the longer it drags on, the bigger the peloton is when there is a growing backlash from consumers that requires stronger damage control and costs more money.

“There’s a rule of thumb that goes back to the Tylenol case, where people were poisoned,” said Luc Wathieu, professor of marketing at Georgetown University’s McDonough School of Business.

Tylenol became a textbook crisis management case in the 1980s when someone tampered with extra-strong Tylenol capsules by adding deadly potassium cyanide and killing several people. Johnson & Johnson acted quickly to devise a strategy to regain American confidence.

“If there is a threat to the customer – one that is so public – you have to overcompensate,” said Wathieu in a telephone interview. “But for some reason, companies tend not to do this, even though it has been shown time and time again that you need to act quickly.”

Over the weekend, the CPSC issued a statement asking consumers to stop using the Pelread Tread + machine when small children or pets are around. The move came after the organization’s investigation into the death of a child with one of the Tread + machines, as well as dozens of other reports of injuries.

At the same time, the commission released a surveillance camera video of a boy who was pulled under one of the Tread + machines and found it difficult to break free.

The CPSC went on to say that Peloton’s treadmills are designed differently than their counterparts. “An unusual belt design that uses individual rigid rubberized slats or treads that are connected to each other and run on a rail.” That’s instead of a thinner, continuous strap. There is also a large gap between the bottom and the belt of the Tread +, leaving room for things to move underneath.

According to Peloton, the design is supposed to make walking on knees and legs easier.

Currently, the company is refusing to withdraw the product or make design changes. Peloton said it was “shocked and devastated” to learn of the death last month. However, last weekend it also issued a statement calling the CPSC press release “inaccurate and misleading”.

The CEO and co-founder of Peloton, John Foley, wrote in a separate letter to the treadmill owners that the company is working on a new software-enabled security code “that will provide additional protection against unwanted use of the Tread +”.

“The Tread + is safe if our warnings and precautions are followed,” Foley said in the letter.

A peloton spokesman declined to comment.

“I haven’t seen a fight like this before.”

The company is better known for its stationary bikes and didn’t launch a treadmill until 2018. Initially referred to as Tread, it is now called Tread + as the company prepares to sell a cheaper version in the US later this year. The smaller, cheaper model is already available in the UK and doesn’t include the same rigid slats as the Tread +.

The clash with the CPSC was not good for Peloton’s stock. Shares fell 7% on Monday. The stock closed at $ 106.50 on Tuesday afternoon, down another 1.2%. In the past three months, Peloton stocks are down more than 32% after hitting an all-time high of $ 171.09 on Jan. 14. This follows a huge spike in 2020 when investors viewed Peloton as a stay-at-at. Home game and pandemic beneficiary, which made the stock up more than 400%. But when the fitness centers reopen, some of those gains have been given up.

BMO analyst Simeon Siegel said Peloton’s stock price was recently “detached” from underlying fundamentals and results were reported.

The stock appears “ruled by perception and hope,” he said. Siegel has an underperform rating on Peloton stock with a price target of $ 45.

“Most of Peloton’s market cap was created by the marketing department, not the equipment, engineers, or instructors,” Siegel said. “They told a story … and this peloton story is so much bigger than the peloton-paying membership base.”

For the past six months, according to Siegel, Peloton’s news has stalled as business grew exponentially during the pandemic.

“Whether it is Tread + or customers who deal with the supply chain, … ultimately, companies face obstacles to growth and cannot all face violence,” said Siegel.

While Peloton doesn’t split sales of its treadmills versus bikes, Cowen & Co. has estimated that the Tread + will account for about 2.2% of sales in 2021. This equates to about 1.633 million stationary bikes and treadmills combined.

In 2020, Peloton had sales of $ 1.8 billion, up from $ 915 million in the previous year.

John Blackledge, an analyst at Cowen, said he believes the majority of Peloton’s treadmill opportunity in the longer term will come from its upcoming Tread model, which is priced below the $ 4,300 T300 +. Hopefully, he said, the newer model will avoid similar problems with the CPSC because the belt doesn’t wrap under the machine.

Peloton has stated it is open to working with the CPSC to further ensure the safety of its customers. Its classes are said to have safety messages from instructors to remind users to keep their children, pets, and other items off the Tread + while exercising, and to remove a safety key after exercising to prevent children from activating the machines.

However, disagreements with the federal agency responsible for protecting US consumers from dangerous products are rare. The CPSC cannot force a recall, but has sued companies in the past to get them to comply.

Peloton has stuck to the agency before. Last fall, there was a recall for a version of its clip-in bicycle pedals due to the risk of breaking the axle and injuring users, affecting around 27,000 bikes.

“To be honest, I haven’t seen a fight like this here,” said Anthony Gair, a partner at Gair, Gair, Conason, Rubinowitz, Bloom, Hershenhorn, Steigman and Mackauf, who specializes in trying personal injury cases, that are tied to defective products.

“The CPSC must have reason to believe that it has not been properly designed,” he said. “Warnings are the last resort. And so the question arises: ‘Did you conduct a proper hazard analysis, either yes or no?’ And if you have carried out a proper hazard analysis: “Did this hazard analysis identify this hazard?”

Categories
Business

Netflix’s Dominance Begins to Gradual as Rivals Achieve

Netflix continues to rule the streaming universe. As of the end of March, the company had a total of 207.6 million paying subscribers, including around 67 million in the United States, the company found in an earnings report on Tuesday.

However, its main competitors – Disney +, HBO Max, Paramount +, and AppleTV +, as well as old-school streamers Amazon Prime Video and Hulu – have caught the attention of Netflix.

Global demand for original Netflix programming like “Bridgerton”, the much-vaunted romance of super producer Shonda Rhimes, has declined compared to similar offers from newcomers, according to developed data company Parrot Analytics, a metric that not only measures the number of viewers for certain programs but also their likelihood of attracting subscribers to a streaming service.

In its most recent ranking, Parrot reported that Netflix’s share of total demand – a measure of the popularity of its shows – was slightly above 50 percent in the first three months of the year, compared with 54 percent a year ago and 65 percent in the first quarter 2019.

In other words, competitors have started to participate in Netflix’s dominance.

That showed in the numbers. For the first quarter of 2021, Netflix reported four million new customers, less than the forecast six million. The company expects only one million new customers for the current quarter, which ends in June.

Netflix shares fell around 10 percent in after-hours trading on Tuesday after earnings were announced.

The company doesn’t think the newer competitors were the problem.

“Are we sure it’s not competition? Because there are obviously a lot of new competitions, “said Reed Hastings, co-managing director of the company along with Ted Sarandos, on the call to win after the report. “It’s fiercely competitive, but it’s always been like that. We’ve been competing with Amazon Prime for 13 years and Hulu for 14 years. “He added,” So there is no real change that we can see in the competitive landscape. “

Netflix withdrew productions during the pandemic, which has now been added to the release schedule. The company did not have any large series during the reporting period.

“We will return to a much more stable state in the second half of the year,” said Sarandos, citing the return of popular series like “The Witcher” and “You”.

In business today

Updated

April 20, 2021 at 1:25 p.m. ET

Netflix also hiked prices in October, increasing its standard plan by a dollar to $ 14 a month. The premium tier has been expanded by another $ 2, which is now $ 18. The company typically increases its fees roughly every 18 months. Attempts are also being made to curb password sharing, which has long been the practice.

During the same period when the pandemic was underway, the company had a record 15.7 million subscribers last year.

When much of the world was locked down, people turned to screens to pass the hours. Netflix saw a surge in new signups, creating a record year of nearly 37 million additional customers. The company is unlikely to repeat this feat in 2021 as restaurants, shops, theaters and sports stadiums across the country reach full capacity.

But Netflix is ​​an international business. Most of its revenue now comes from overseas and has based its future growth on emerging economies like India and Latin America. These regions have had a surge in coronavirus cases recently, which has resulted in new lockdowns. Most of the world, including Europe, didn’t vaccinate its citizens as quickly as the United States.

Netflix still spends a lot. $ 465 million was spent to purchase two sequels to the hit unit “Knives Out,” a price 50 percent above the gross proceeds of the first film. It’s also ten times the cost of producing the film. Hollywood lit up with chatter. Did Netflix Pay Too Much?

The director of the film, Rian Johnson, came up with the idea for the film, and he and his production partner control the rights. The lucrative deal is in line with Netflix’s expensive advertising for Hollywood creators. There are nine-digit agreements with prolific television producers such as Ms. Rhimes and Ryan Murphy, and actor-producer Adam Sandler. Mr Johnson could join their ranks by creating additional series and films for the company.

Despite Netflix’s endeavors to own content, Netflix recently signed a distribution agreement with Sony Pictures Entertainment, the last major Hollywood studio not tied to a streaming business. Netflix will have rights to a number of Marvel franchises, including Sony-controlled Spider-Man and several offshoots based on the character.

The company posted first quarter profits of $ 1.7 billion on sales of $ 7.16 billion. Investors targeted a profit of $ 1.3 billion on sales of $ 7.1 billion.

In addition, the board of directors approved a $ 5 billion share buyback plan designed to reduce the number of available shares in circulation and potentially make them more valuable.

Despite the competition gaining ground, Netflix is ​​in the best financial shape in history. It reached a milestone late last year when it said it would no longer try to borrow money to fund its content plan. Another way of looking at it: Netflix eventually became a really profitable company after more than 200 million subscribers were paying an average of $ 11 a month.

In other words, the competitors are still losing a lot of money streaming.

Categories
Health

What Ought to Museums Do With the Bones of the Enslaved?

Compiled by 19th century physician and anatomist Samuel George Morton, the Morton Cranial Collection is one of the more intricate holdings in the University of Pennsylvania’s Museum of Archeology and Anthropology.

It consisted of roughly 1,300 skulls collected around the world and formed the basis of Morton’s influential racial theories about differences in intelligence between races that helped establish the now discredited “racial science” that led to the eugenics of the 20th century . Century contributed. In recent years, part of the collection has been featured prominently in a museum classroom, a spooky object lesson in an infamous chapter in the history of science.

Last summer, after student activists highlighted the fact that around 50 skulls were from enslaved Africans in Cuba, the museum put the skulls on display along with the rest of the collection. And last week, shortly after outside research was published showing that approximately 14 more skulls were from black Philadelphians who were found in poor graves, the museum announced that the entire collection would be used as a move towards a possible “repatriation or burial of ancestors “should be opened in the direction of“ atonement and repair ”for earlier racist and colonialist practices.

The announcement was the latest in a highly charged conversation about African American remains in museum collections, especially the enslaved ones. In January, the President of Harvard University issued a letter to alumni and affiliates confirming that there were 22,000 human remains in the collections, 15 from people of African descent who may have been enslaved in the United States and pledged to uphold his policy of “Ethics” to review stewardship. “

And now this conversation can explode. In the past few weeks, the Smithsonian Institution, whose National Museum of Natural History houses the largest collection of human remains in the country, has been debating a proposed declaration on its own African American remains.

Those discussions, according to parts of an internal New York Times recap, involved people who have long made repatriation efforts a priority, as well as people who more traditionally view the museum’s mission to collect, preserve and investigate artifacts, and who consider repatriations to be more traditional consider potential losses to science.

In an interview last week, Smithsonian secretary Lonnie G. Bunch III declined to characterize the deliberations, but acknowledged that the museum is developing new guidelines backed by a clear commandment: “honor and remember.”

“Slavery is, in many ways, the last major mention in American discourse,” he said. “Anything we can do to help the public understand the implications of slavery and find ways to honor the enslaved is high on my list.”

Any new policy, said Dr. Bunch, would build on existing Native American remains programs. It could include returning remains to direct descendants, potentially to communities, or even burial at a national African American burial site. And the museum, he said, would also endeavor to tell fuller stories of people whose remains remain in the collection.

“It used to be that the scholarship trumped the community,” he said. “Now it’s a matter of finding the right tension between community and science.”

The amount of enslaved and other African American remains in museums may be modest compared to the estimated 500,000 Native American remains in U.S. collections held on the grounds of Samuel J. Redman, an associate professor of, from nineteenth-century burial sites and battlefields originate history at the University of Massachusetts at Amherst, referred to as “industrial scale”.

Dr. However, Redman, the author of “Bone Rooms,” a story of remains collected by museums, said the moves of Harvard, Penn, and the Smithsonian in particular, could mark a “historic turning point”.

“It is a shocking relief that we have to deal with the historical exploitation of colored people in collecting their objects, their stories and their bodies,” he said.

The complexity surrounding African Americans remains – who could claim it? How do you determine enslaved status? – are enormous. Counting is a challenge in itself. According to an internal Smithsonian survey that has not yet been published, the storerooms hold 33,000 remains of approximately 1,700 African Americans, including an estimated several hundred who were born before 1865 and may have been enslaved.

Some remains come from archaeological excavations. The majority, however, come from individuals who died in government-funded facilities for the poor and whose unclaimed bodies ended up in anatomical collections that were later acquired by Smithsonian.

In addition to the Native American Native American Graves Protection and Return Act of 1990 requiring museums to return remains to tribes or direct descendants who request them, the Smithsonian allows descendants of named individuals of any race of descendants to be claimed. While many African American individuals are named in the anatomical collections, none have ever been reclaimed, according to the Natural History Museum.

Kirk Johnson, the museum’s director, said the anatomical collections, while disproportionately gathered from the poor and marginalized, encompassed a cross section of society in terms of age, gender, race, ethnicity, and cause of death, which made them extremely useful had for forensic anthropologists and other researchers.

But when it comes to African American remains, a broader approach to repatriation – including a broader notion of “ancestors” and “descendants” – may be warranted.

“We have all had a time when we were more educated about structural racism and racism against blacks,” he said. “At the end of the day,” he added, “it’s a matter of respect.”

Dr. Bunch, the Smithsonian’s first black secretary, said he hoped his actions would set a model for institutions across the country. Some who have studied the history of the blackbody trade say that such guidance is badly needed.

“It would be wonderful to have African American graves protection and repatriation law,” said Daina Ramey Berry, professor of history at the University of Texas and author of “The Price of Her Pound of Meat,” a study of the marketing of enslaved bodies from birth to death.

“We are finding evidence of enslaved bodies being used in medical schools across the country,” she said. “Some are still on display at universities. They need to be returned. “

Penn’s Morton Collection vividly embodies both the dirty side of the company and the way collections change meanings.

Morton, a successful physician who was an active member of the Philadelphia Academy of Sciences, has sometimes been referred to as the founder of American physical anthropology. He was a proponent of the theory of polygenesis, according to which some races were separate species with different origins. In books such as the richly illustrated Crania Americana from 1839, he relied on skull measurements to outline a proposed hierarchy of human intelligence, with Europeans at the top and Africans in the United States at the bottom.

Morton’s skull collection is believed to have been the first scientific anatomical collection in the United States and the largest at the time. But it was forgotten after his death in 1851, although his racist ideas about differences in intelligence continued to be influential.

In 1966 the collection was moved from the Philadelphia Academy of Sciences to the Penn Museum. And it quickly became a useful tool for all kinds of scientific research – including studies aimed at debunking the racist ideas that helped shape it.

In a famous 1978 article (later adapted for his book “The Mismeasure of Man”), paleontologist Stephen Jay Gould argued that Morton’s racial assumptions led him to misjudge – and not just made Morton a symbol of racist ideas but also how bias can affect the seemingly objective processes of science.

Gould’s analysis of Morton’s measurements is itself hotly contested. In recent years, the adequacy of owning the skulls in the first place has been sharply questioned by campus and local activists, particularly after student researchers associated with the Penn & Slavery project became aware of the remains of the enslaved Cubans had.

Christopher Woods, who became the museum’s director earlier this month, said the new return policy (recommended by a committee) would not change the collection’s status as an active research source.

Although the actual skulls have been inaccessible since last summer, legitimate researchers can examine 3D scans of the entire collection, including those of 126 Indians who have already been repatriated.

“The collection was put together for nefarious purposes in the 19th century to reinforce the racist views of the white supremacists, but good research has still been done on this collection,” said Dr. Woods.

When it comes to repatriation, the moral imperative is clear, even if the specific course of action may not be the case. For the skulls of the black Philadelphians that came from the graves of the poor (a major source of corpses of all races at the time), he said the hope is that they can be reburied in a local African American cemetery.

However, the enslaved remains from Cuba would require future research and possibly testing, as well as finding a suitable repatriation site, possibly in Cuba or West Africa, where most people are likely to have been born.

The black remains could have become a particularly pressing problem, he said. However, return requests for skulls would be considered.

“This is an ethical issue,” he said. “We have to take into account the wishes of the communities from which these people come.”

Categories
World News

S&P 500 futures fall barely in in a single day buying and selling, Netflix shares tank

Trader on the New York Stock Exchange.

Source: NYSE

Stock futures fell slightly in night trading Tuesday as Netflix stocks fell sharply, suggesting a third consecutive negative day on Wall Street.

S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the flat line.

Netflix shares fell about 9% in expanded trading after the streaming giant reported subscriber additions well below Wall Street estimates as the pandemic’s surge in demand wore off. However, Netflix did better than expected in the first quarter.

Wall Street has suffered consecutive losses as the reopening dragged the market down amid renewed concerns about the rising number of new Covid cases around the world. The Dow fell 250 points on Tuesday for its worst daily performance since March 23, while the S&P 500 and Nasdaq fell 0.7% and 0.9%, respectively.

United Airlines fell 8.5% on Tuesday after the airline reported its fifth straight quarterly loss, saying business and international travel are still far from recovering. The State Department said it would increase “do not travel” advice to 80% of the world’s countries, adding that the pandemic poses an “unprecedented risk to travelers”.

The Cboe Volatility Index, also known as the VIX or Market Fear Indicator, rose for two consecutive days to top 18 after hitting a 14-month low last week.

Companies have posted solid quarterly results, but the bar is high to lift the stock market to record highs this year after a strong rally. The Dow and S&P 500 are still up 10% over the year after breaking records on Friday.

“This has been a very good earnings season as 90% of the S&P 500 companies had robust results. The problem with stocks, however, is that most of the good news has already been priced in,” said Edward Moya, senior market analyst at Oanda in one Note.

Verizon and Chipotle Mexican Grill are expected to report numbers on Wednesday.

Categories
Politics

Senators Debating Federal Voting Legal guidelines Scrutinize Georgia Statue

Senate Democrats again on Tuesday pushed for a national extension of voting rights, calling together leaders from the battlefield state of Georgia to work out a public case in which Congress should intervene to break down state electoral barriers.

At a heated hearing on Capitol Hill, Senators polled elected officials, academics, and supporters of the state’s new electoral law, and dozens of others, as it has been introduced in Republican state houses since the 2020 elections to restrict access to ballot papers. Her main witness was Stacey Abrams, the Georgia suffrage activist who arguably did more than any other Democrat to formulate her party’s views on electoral issues.

For over four hours, Ms. Abrams argued that Republican-led states like hers were seeing “a resurgence in anti-color-voting policies” against color voters across the country. She accused Republicans of using “racial animation” to tip the electorate in their favor after former President Donald J. Trump lost Georgia and unfoundedly claimed he was a victim of electoral fraud.

She warned that decades of profits could be reversed if Congress didn’t intervene.

“When basic suffrage is left to the political ambitions and prejudices of state actors who rely on repression to maintain power, federal advocacy is the appropriate tool,” Abrams said.

While the Justice Committee hearing wasn’t specifically legislative, it was part of a push by the Democrats to use their leverage in Washington to propose a few key voting bills that could counter hundreds of restrictive proposals in the states.

The first is a gigantic overhaul of the national elections, known as HR 1, which would, among other things, force states to expand early voting and postal voting, mandate automatic voter registration, and neutral restrictive voter identification laws.

The second bill, named after civil rights icon John Lewis, would restore a key enforcement provision in the Voting Rights Act of 1965 that made it difficult for states to oppose color voters. It was put down by the Supreme Court in 2013.

Republicans oppose both bills but have directed their anger most directly at the election overhaul, which includes a new funding system for public campaigns and a revision of the federal election commission. Calling it a gross overreach of the federal government on Tuesday to help the Democrats consolidate power, they rejected allegations of racism and renewed their vows to defeat them in the evenly divided Senate.

“HR 1 is not about correcting mistakes,” said Senator Lindsey Graham, Republican from South Carolina. “It’s about power.”

In a sign of how polarized the debate over the vote has become, the two parties have even argued over the title of the hearing itself. Senator Richard J. Durbin, Democrat of Illinois and chairman of the panel, had called it “Jim Crow 2021: The Recent Assault on the Suffrage”. The Republicans called this historically inaccurate and accused the Democrats – including President Biden – of cheapening the stain of violent racial repression by comparing it to current electoral laws.

“It is disgusting and insulting to compare the actual suppression and violence of voters of the day we grew up with a state law that only requires people to show their ID,” said Republican Burgess Owens, Republican of Utah , adding that he “actually” had witnessed Jim Crow Laws “as a child in the south.

Mr Durbin acknowledged that Jim Crow “was more violent at its worst than the situation we face today”. But he insisted that the goal was similar.

“The bottom line of this hearing is whether there is a bill or intention in legislation in many states, including Georgia, to limit or restrict minority suffrage,” said Mr. Durbin. ” I think that goes without saying. “

The unified Republican opposition poses certain problems for a major federal electoral law. The Democrats would have to convince all 50 of their senators to vote for the bill and create a drafting of Senate rules to pass it by a simple majority, relying on the casting vote of Vice President Kamala Harris. But for now, Senator Joe Manchin III, Democrat of West Virginia, has opposed this approach and called for bipartisan negotiations.

The attempts by the Democrats to renew the voting rights law appear to be just as steep. Republicans no longer consider it necessary to re-establish the affected provision, which required federal approval of changes in voting procedures in parts of the country with a history of discrimination.

Without them, proxies say they have seen an increase in restrictive state electoral laws like Georgian and will have to spend years in court trying to overturn laws that violate the Constitution.

“Litigation is a blunt tool,” said Sherrilyn Ifill, president of the NAACP Legal Defense and Educational Fund. “What the pre-clearance gave us was to be one step ahead of voter discrimination before it happened.”

Republicans have repeatedly turned to their own witnesses to back up proposals from Democrats, including Bill Gardner, New Hampshire’s long-time electoral officer and Democrat. Mr Gardner argued that trying to overhaul his party would backfire.

“Why should we be made to be like California in particular or in other states?” Mr. Gardner said. “We have a method that works for the people of New Hampshire. The turnout is proof that it works, and this type of federal legislation is detrimental to the way we vote. “

Georgia House Republican spokesman Jan Jones vigorously defended her state’s new electoral law, saying Republicans were merely “making voting easier and cheating harder.”

She said a provision banning third groups from providing food and water to voters waiting in line to cast their ballots is not a draconian tactic to stifle voter turnout, but an attempt to target activists and candidates to prevent food and other goodies from being used to influence voters.

An analysis by the New York Times identified 16 provisions in Georgian law that either impair people’s voting power or shift power to the Republican-controlled legislature.

Republican senators also seemed eager to question Ms. Abrams, a Democratic star who might run for governor of Georgia again next year, directly. Mr. Graham and Senator John Cornyn of Texas showered them with questions designed to make their claims about voter identification laws contradictory and their condemnation of the Georgian Statute hypocritical.

“So the voter card is sometimes racist, sometimes not racist?” Asked Mr. Cornyn in a long exchange.

“Intent is always important, sir, and that is the point of this conversation,” replied Ms. Abrams, saying that she supports some voter identification laws. “That’s the point of the Jim Crow narrative. That Jim Crow looked at not just the activities but the intent as well. “

Polls show that the public generally supports such laws, but proponents of voting rights argue that they can make it difficult for some people of color to vote.

Mr. Cornyn kept rephrasing the question. Mrs. Abrams pushed back.

“Senator, I am happy to answer your questions, but if you characterize my answers incorrectly, it is inappropriate,” she said.

Arkansas Republican Senator Tom Cotton blamed Ms. Abrams for Major League Baseball’s decision to move this summer’s All-Star Game from Georgia, and said her public criticism of the electoral law was “central to” one Decision played that this could cost their state economically.

Ms. Abrams disagreed strongly, saying she spoke out against the league move but would stand by anyone who defends the right to vote.

“For me a game day is not worth losing our democracy,” she said.