Categories
Entertainment

‘This City’ Evaluate: Love and Rifles

“This Town” is set in rural New Zealand and deprives an unusual premise of dark humor: Sean (David White, also the writer / director), a young man accused of murdering his entire family and then firing him for technical reasons, falls in love with a naive country girl, Casey (Alice May Connolly). White’s film parodies the loose tongues and small aspirations of crazy small town guys and borrows the mockumentary productions from dead comedies like “The Office”. But beneath the film’s crooked exterior is a piercing darkness – a streak of real danger that flinches more than flinches.

Take Sean’s obsession with guns, for example. It’s one of the red flags that Pam (Robyn Malcolm), the policewoman who stopped in anger when Sean was acquitted, has been put on the evidence card, where she continues to gather evidence of his possible guilt. Another lead from Pam is Sean’s alleged drunken sexual assault on her nephew’s girlfriend. It doesn’t help that Sean is awkward and unfathomable. When he meets the unsuspecting Casey in a dating app and they hit it off over Chinese food and pink “Munta” (a bastardization of Fanta), Casey’s friends and family are alarmed.

Like any viewer who is familiar with the realities of misogyny. The mystery of whether Sean is a misunderstood “good guy” or a sociopathic killer keeps “This Town” walking a tightrope between twee comedy and “dateline” drama, playing with the fear that gender violence causes in many of us. Yet White misses the opportunity for real satire and accelerates the many topical issues raised by the script – police corruption, mental health, gun crime – into a feel-good outcome that leaves a bad taste in the mouth.

This city
Not rated. Running time: 1 hour 31 minutes. View topic.

Categories
Politics

Israel and Hamas conform to cease-fire over Gaza battle

Palestinians inspect a location hit during an Israeli air strike in Gaza City on May 20, 2021.

Mahmud Hams | AFP | Getty Images

WASHINGTON – Israel’s security cabinet voted in favor of a provisional ceasefire on Thursday after 11 days of fighting with Hamas in Israel and the Gaza Strip.

A Hamas official confirmed to Reuters that a “mutual and simultaneous” ceasefire with Israel would begin at 2:00 am on Friday

The White House is expected to respond to the news shortly.

The news follows a call Wednesday between President Joe Biden and Israeli Prime Minister Benjamin Netanyahu. During the call, Biden said he expected “significant de-escalation” of the violence, according to the White House report.

It was their fourth conversation since the outbreak of violence between Israel and Hamas, a Palestinian-Islamic political party with an armed wing of the same name that controls the Gaza Strip.

The tone from Washington to Tel Aviv has grown impatient in recent days as the death toll in Gaza from Israeli air strikes surpassed 200, including more than 100 women and children. In Israel, 12 people were killed by rockets fired by Hamas on Thursday afternoon.

The latest round of fighting was the worst outbreak of violence since the war between Israel and Hamas in 2014.

The White House has followed what it calls “calm, intense diplomacy” behind the scenes.

“We have received over 60 calls from the President downwards to senior leaders in Israel, the Palestinian Authority and other leaders in the region since the conflict began,” White House deputy press secretary Karine Jean-Pierre told reporters on Wednesday.

“The President has been doing this for a long time, for decades, he believes this is the approach we need to take,” she added.

A demolished 6-story building in the Al-Rimal neighborhood houses libraries, youth centers, training courses for university students and a mosque that was bombed by Israeli planes during raids in Gaza City, Gaza, on May 18, 2021.

Momen Faiz | NurPhoto | Getty Images

Biden appeared unwilling to publicly pressure Netanyahu to stop air strikes on what Israel says are military targets embedded in civilian neighborhoods in the Gaza Strip.

As a result, progressive Democrats in Congress and US allies abroad have urged the president to take on a more visible role and put more diplomatic pressure on Israel, which is heavily dependent on the United States for weapons and military equipment.

In Tel Aviv on Wednesday, Netanyahu briefed foreign diplomats and ambassadors on the worsening violence and reiterated previous claims that the Israeli military “is trying to attack” those who attack us with great precision.

“There is no army in the world that does more than the Israeli army, in the Israeli security services and in the Israeli intelligence service to prevent collateral damage,” said Netanyahu.

Categories
Health

Lab origin of Covid ‘one risk,’ animal host is most typical

The director of the Centers for Disease Control and Prevention (CDC), Dr. Rochelle Walensky testified during a Senate Funds Subcommittee hearing to consider fiscal 2022 budget application for the Centers for Disease Control and Prevention on May 19, 2021 in Washington, DC.

Jim Lo Scalzo | AFP | Getty Images

The director of the Centers for Disease Control and Prevention, Dr. Rochelle Walensky, on Wednesday, did not rule out the possibility that Covid-19 could have come from a laboratory, saying it was “certainly” “a possibility”.

However, most coronaviruses “are generally of animal origin,” Walensky said on the Senate testimony after saying she hadn’t seen enough data to give her opinion on how the current pandemic was created.

The statements by the Biden government’s chief health official came amid growing calls to investigate whether the virus was zoonotic, animal, or from a laboratory in Wuhan, China.

The World Health Organization said in a report in March that it was “extremely unlikely” that the virus was transmitted to humans through an accidental laboratory leak. However, this conclusion has been heavily criticized, and other scientists have since called for further investigation.

“Theories about accidental release from a laboratory and about zoonotic overflows are still viable,” said a letter from 18 scientists published last week in Science. Other scholars have criticized this letter for drawing the wrong equivalence between the likelihood of a laboratory leak and a natural-origin scenario, the New York Times reported.

The CDC website currently states that while the exact source of the outbreak is unknown, “we do know that it originally came from an animal, likely a bat”.

Covid-19 was first discovered in Wuhan in the Chinese province of Hubei.

The emergence of the virus has also become a hotly debated topic in American politics.

At Wednesday’s hearing on the CDC’s budget for the next fiscal year beginning October 1, Senator John Kennedy, R-La., Asked Walensky for her opinion on where the pandemic began.

“I don’t think I’ve seen enough data, individual data, to comment on this,” said Walensky.

When asked about the possibilities, Walensky said, “Certainly the possibilities from which most of the coronaviruses known to us that have infected the population – SARS CoV-1, MERS – are generally of animal origin.”

Kennedy replied, “Are there any other options?”

“Surely a laboratory-based provenance is a possibility,” said Walensky.

Covid-19 turned into a pandemic in March 2020. The virus has now infected more than 164 million people and killed more than 3.4 million people worldwide, according to Johns Hopkins University.

Robert Redfield, the former CDC director who worked on the U.S.’s response to the pandemic under ex-President Donald Trump, said in March he believed the coronavirus came from a Wuhan laboratory.

Categories
World News

U.S. Treasury requires stricter cryptocurrency compliance with IRS

Treasury announced Thursday that it is taking steps to crack down on cryptocurrency markets and transactions and that a transfer of $ 10,000 or more must be reported to the Internal Revenue Service.

“Cryptocurrency already poses a significant identification problem as it makes illegal activities by and large, including tax evasion, easier,” the finance department said in a press release.

“Because of this, the president’s proposal includes additional resources for the IRS to address the growth of cryptoassets,” the department added. “The new financial account reporting system would cover cryptocurrencies and cryptoasset exchange accounts, as well as payment service accounts that accept cryptocurrencies. As with cash transactions, companies receiving cryptoassets with a fair market value of more than $ 10,000 would also be reported.”

Bitcoin reversed course shortly after the Treasury Department’s announcement and was last traded 1.6% according to Coin Metrics. Before that, it was up more than 9% in the session.

A growing number of Wall Street analysts raised the alarm last month that regulators from the Treasury Department and the Securities and Exchange Commission could soon play a more active role in regulating cryptocurrency.

The Treasury Department’s release came as part of a broader announcement of the Biden government’s efforts to fight tax evasion and promote better compliance. Among the proposals officials are considering include strengthening IRS funding and technology, as well as stricter penalties for those who evade their commitments.

The Treasury Department estimates the difference between taxes owed by the U.S. government and taxes actually paid was nearly $ 600 billion in 2019.

Tighter regulation is likely to anger some cryptocurrency investors, who have seen Bitcoin drop around 25% in the last month and talk about surrender creeping in online forums.

With longtime cryptocurrency expert Gary Gensler at the helm of the SEC, Raymond James expects it will only be a matter of time before Congress gives the regulator broader jurisdiction.

He told lawmakers earlier this month that allowing the SEC to regulate the exchange of cryptocurrencies will help keep investors safe and prevent market manipulation.

“Chairman Gensler is seen as a potential ally for cryptocurrencies as a former professor on the subject, but these statements are likely to reopen the debates over regulatory risk for cryptocurrencies and exchanges,” Raymond James analyst Ed Mills wrote in early May.

“In the short term, this could create a headline risk,” he added. “In the medium to long term, however, regulation of the asset class would give the asset class further legitimacy and could form a regulatory ditch around existing cryptocurrency exchanges.”

Treasury Secretary Janet Yellen speaks during the daily press conference on May 7, 2021 in the Brady Briefing Room of the White House in Washington, DC.

Saul Loeb | AFP | Getty Images

While the Treasury and SEC involvement can ultimately be a boon for cryptocurrency investors, short-term regulatory hurdles for investors in Bitcoin, Dogecoin, and the like are likely to present another problem.

These assessments were confirmed by Miller Tabak last month when the company told its customers that “the cryptocurrency markets do not adequately account for legal risk.”

“Gary Gensler’s confirmation as SEC chairman and the volatility of the cryptocurrency over the weekend following rumors of stricter regulation underscore the regulatory risks this industry is facing,” wrote strategic economist Paul Shea in April.

“The difference in regulatory risk and advancement as a means of payment raises an important question: Are the recent successes of other coins a result of good news, or piggybacking them on the positive sentiment around Bitcoin?” he added.

Democrats and Republicans have made regulating cryptocurrency a top priority in 2021 as the price hike for Bitcoin and other digital assets over the past year sparked concerns of market manipulation and uninformed retail investment.

– CNBC’s Michael Bloom contributed to the coverage.

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Categories
Business

Irish Hospitals Are Newest to Be Hit by Ransomware Assaults

A cyber attack on the Irish health system has crippled the country’s healthcare system for a week, banning access to patient records, delaying Covid-19 tests and forcing medical appointments to be canceled.

Using ransomware, malware that encrypts a victim’s data until they pay a ransom, the people behind the attack have held the data hostage in Ireland’s publicly funded health system, the Health Service Executive. The attack forced the HSE to shut down its entire information technology system.

In a press conference on Thursday, Paul Reid, managing director of HSE, said the attack was “an upset stomach”.

Caroline Kohn, a spokeswoman for a group of hospitals in the east of the country, said the hospitals were forced to keep all of their records on paper. “We’re back to the 1970s,” she said.

Security researchers believe the attack on Ireland’s hospitals was the work of a Russian-speaking cyber criminal group called Wizard Spider. In a ransom note posted online, the criminals threatened to reveal the stolen health network data unless officials pay a ransom of $ 19,999,000.

Ireland’s Prime Minister, Micheál Martin said the government would not pay. “We are very sure that we will not pay a ransom,” he said at a press conference last week.

Mr. Reid said the effects would be felt for many weeks. “This is not a short sprint,” said Mr. Reid. “This will have a lasting effect.”

The attack is the latest in a spate of ransomware attacks targeting hospitals around the world in recent weeks.

In California, Scripps Health, which operates five hospitals and a number of San Diego clinics, is still trying to bring its systems back online two weeks after a ransomware attack crippled its data. In New Zealand, a ransomware attack crippled several hospitals across the country, forced clinicians to use pen and paper, and postponed non-selective surgeries.

Late last year, a ransomware attack on the University of Vermont Medical Center changed the lives of cancer patients whose chemotherapy treatments had to be delayed or restored from memory.

The attacks come on top of a similar ransomware attack on Colonial Pipeline, the American pipeline operator that supplies nearly half of the gas, diesel and jet fuel to the east coast. This attack caused Colonial Pipeline to cease pipeline operations, causing panic buying at the pump as well as gas and jet fuel shortages along the east coast. Colonial Pipeline agreed to pay its extortionists, another gang of cybercriminals called DarkSide, nearly $ 5 million to decrypt their data.

The attack in Ireland has left residue in emergency rooms from Dublin to Galway and patients have been urged to stay away from hospitals unless they need urgent care.

Appointments for radiation treatments, MRIs, gynecological visits, endoscopies and other health services have been canceled in many Irish countries. Health officials said the attack also caused delays in Covid-19 test results, but a vaccine scheduling system is still working.

Irish health officials said Thursday that HSE was working to build a new network separate from the affected network. Hundreds of experts were recruited to rebuild 2,000 different systems. The effort should cost tens of millions of euros, said Reid.

The HSE announced on Thursday that it had been provided with a key that could be used to decrypt the data held as a ransom. However, it is unclear whether this would work.

Ransomware attacks against hospitals increased after two separate attempts – one by the Pentagon’s Cyber ​​Command and a separate litigation by Microsoft – to shut down a large botnet, a network of infected computers called Trickbot, which is the main channel for ransomware served.

In the weeks following these efforts, cyber criminals said they wanted to attack more than 400 hospitals. The threat prompted the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency to warn healthcare operators to step up their protection against ransomware.

Ransomware groups continue to operate with relative immunity in Russia, where government officials rarely prosecute cyber criminals and refuse to extradite them. In response to last week’s Colonial Pipeline episode, President Biden said Russia has some responsibility for ransomware attacks as cyber criminals operate within its borders.

Adam Meyers, vice president of intelligence at CrowdStrike, the cybersecurity firm, said members of Wizard Spider, the group responsible for attacking Ireland’s health systems, speak Russian and researchers “have great confidence that they are Eastern European and likely Russian”.

Last month, a Florida school district data was held hostage by Wizard Spider. Broward County Public Schools, the sixth largest school district in the United States, was hacked by cyber criminals demanding $ 40 million in cryptocurrency. The criminals encrypted data and posted thousands of school information online after officials refused payment.

Last December, chip maker Advantech was also hit by Wizard Spider. The data was published on the so-called Dark Web after refusing to pay.

Some cyber insurance companies have taken on the cost of ransom payments and calculated that the ransom payments are still cheaper than the cost of rebuilding systems and data from scratch. Regulators have started pressuring insurance companies to pay ransom demands, arguing that they are only launching more ransom attacks and encouraging cyber criminals to make more lucrative demands.

AXA, the French insurance giant, said last week it would no longer cover ransom payments. Within days of its announcement, AXA was hit by a ransomware attack that paralyzed information technology operations in Thailand, Malaysia, Hong Kong and the Philippines.

“This is just business as usual,” said John Dickson, cybersecurity expert at Denim Group’s San Antonio, in an interview Thursday. “These attacks shouldn’t come as a surprise to anyone who’s paying attention.”

Categories
Business

Every day U.S. information on Could 20

The U.S. has reported fewer than 30,000 cases for five consecutive days, data from Johns Hopkins University shows, bringing the 7-day average of new infections every day to about 30,300.

It is the first time since mid-June that the number of daily cases has fallen below the 30,000 mark for five consecutive days.

According to the Centers for Disease Control and Prevention, an average of 1.8 million vaccinations per day have been reported over the past week, and 48% of the population have received at least one dose of vaccine.

US Covid cases

Hopkins data shows that case numbers nationwide have been mostly down from the last peak about a month ago in mid-April, when the country had more than 71,000 cases per day. The last 7-day average of new infections every day is 30,300.

Dr. White House chief medical officer Anthony Fauci said Wednesday that infections are decreasing in every state.

Fauci did not provide the length of time over what period these declines in state-level infections have occurred. A CNBC analysis of the Hopkins data shows the average daily case number in 38 states has decreased by 5% or more over the past week.

US Covid deaths

The US reported 655 Covid deaths on Wednesday, bringing the seven-day average to 572 deaths per day.

US vaccine shots administered

According to the CDC, an average of 1.8 million vaccinations per day were reported for the past week, compared to the high of 3.4 million shots per day in mid-April and also below the average of 2.2 million a week ago.

US percentage of the vaccinated population

About 48% of Americans are at least partially vaccinated, CDC data shows, and 38% are fully vaccinated.

Categories
Health

What Can and Can’t Be Realized From a Physician in China Who Pioneered Masks

In late 1910, a deadly plague spread across northeast China and reached the city of Harbin. Tens of thousands of people coughed blood; Her skin was circumcised and turned purple. They all died.

This outbreak shook the Qing government: They did not know what disease caused these deaths, much less how to control them. So they brought in one of the best trained doctors in Asia at the time, Dr. Wu Lien-Teh. After an autopsy, Dr. Wu Yersinia pestis, a bacterium similar to the one that caused the bubonic plague in the west. He recognized the Manchurian plague as a respiratory disease and urged everyone, especially health professionals and law enforcement officials, to wear masks.

The Chinese authorities followed his call and combined the masking with strict bans enforced by the police. Four months after the doctor was called in, the plague ended. Although Dr. Often overlooked in western countries, Wu is considered a public health pioneer in world history, helping to change the course of a respiratory disease spread by droplets that could have ravaged China in the early 20th century and potentially spread widely in addition, expand its borders.

While the Chinese followed these strategies at the time, health professionals in the US and other western countries struggled to get people to listen to them during the Covid-19 pandemic. China also faced challenges early on, but the country’s institutional memory from previous virus outbreaks helped turn the tide. And with many Americans giving up masking, striving to restore normalcy to places where the risk of infection remains high and reluctant to get vaccinated, some public health experts have turned to Dr. Respected Wu’s success and looked for lessons on how to deal with not only Covid but also future epidemics.

Some scientists Dr. Wu, however, believe that the wrong lesson is drawn from his legacy: no single individual can save a nation. “We can’t always wait for historical figures,” said Alexandre White, a medical sociologist and historian at Johns Hopkins University in Baltimore. Instead, he and other experts say countries like the United States must reckon with their unequal and strained public health systems in order to better cope with health threats.

Dr. Wu was born as Ngoh Lean Tuck on March 10, 1879 on Penang, an island off the coast of the Malaysian peninsula, as the son of Chinese immigrants. (He later changed his name to Wu Lien-Teh, sometimes spelled Wu Liande)

When he was 17 years old, Dr. Wu received a scholarship to study at Emmanuel College in England and stayed to study medicine at St. Mary’s Hospital in London. As part of his training, he studied infectious diseases at the Liverpool School of Tropical Medicine and the Pasteur Institute in Paris.

When he returned to Malaysia in 1903, Dr. Wu one of the earliest people of Chinese descent to graduate as a doctor from the west.

In May 1908, Dr. Wu and his wife went to China, where he was appointed Vice Director of the Imperial Army College near Beijing. This enabled him to investigate when people in Manchuria died of an unknown disease.

Dr. Wu entered a place where experts like him were in short supply and urgently needed. At the time, China was in political turmoil: Russia and Japan vied for control of Manchuria, and both saw the plague as an opportunity to advance their goals. Western countries at the time largely viewed China as “the sick man of the east,” a country overburdened with disease, opium addiction, and ineffective government.

Historians studying China say the government accepted and internalized this label. But when Dr. Wu entered, he had the social and political influence to be a catalyst for change.

Dr. Wu is often referred to as the “man behind the mask,” an inventor of the use of face coverings to prevent the spread of respiratory diseases. Much of that narrative came from him in his autobiography, said Marta Hanson, also a medical historian with Johns Hopkins. Earlier iterations of the mask existed in other countries, and some Chinese were already putting on Japanese-style respirators before Dr. Wu arrived in Harbin.

What is true is that Dr. Wu introduced and encouraged a Western-born idea to the Chinese public. The mask he designed was based on Victorian-era ventilators: layers of padding made of cotton and gauze tied with strings so the user could attach it to the head. The mask was cheap and easy to make.

In addition to the masks, officials enforced a strict cordon sanitaire, another method that dates back at least as far as the 19th century when French officials tried to contain the spread of yellow fever. Travel was restricted, government officials were ordered to shoot anyone who tried to escape, and police officers went door to door looking for someone who had died of the plague. Borrowing from some of these techniques during the fight against Covid last year, China severely restricted transportation around Wuhan and people needed permission from authorities to leave their homes.

In the spring, after the plague was brought under control in China, Dr. Wu hosted the International Pest Conference. Respirators and masks were the focus of the conversation, and many Western scholars believed they could be effective in preventing the plague.

While masks became a political hotspot during the Spanish pandemic flu in the US and elsewhere, the idea of ​​using them persisted in China, and gauze masks became a major tool on the Nationalist Party’s political agenda when it took over in 1928. Public health officials recommended that all citizens wear gauze masks when they have an outbreak of meningitis or cholera in public places.

By then, masks had become a symbol of hygienic modernity and contributed to the greater acceptance of wearing masks in China, said Dr. Hanson. At the beginning of the 21st century, the SARS epidemic has once again highlighted the need for masks and other public health interventions in China and other East Asian countries.

In 1930 Dr. Wu appointed head of new national health organization. But after the Japanese invaded northern China in 1937 and his house in Shanghai was shot at, Dr. Wu took refuge in his native Malaysia. There he ended his career as a family doctor and died in 1960 at the age of 80.

Medical historians and public health experts have several theories to support Dr. To explain Wu’s success in convincing the Chinese authorities to control the plague.

One factor that Dr. Wu likely helped, medical historians say, is by making masks affordable and accessible. A similar approach was used during the coronavirus pandemic in Hong Kong, where each resident was offered a free, reusable mask and kiosks were opened to the public for distribution.

Countries that have provided significant health mandate compliance assistance to their citizens during this pandemic have generally fared better than places that have left the same measures to individuals, said Dr. White by Johns Hopkins.

And the more affordable and accessible public health policies are, the more likely they are to be passed, said Kyle Legleiter, senior director of policy advocacy at the Colorado Health Foundation.

Another factor contributing to Dr. Wu’s success in China might have contributed to the awe residents and officials showed for him as a figure of authority, said Yanzhong Huang, senior fellow on global health at the Council on Foreign Relations.

In a way, Dr. Anthony Fauci, President Biden’s senior medical advisor at Covid and a well-known public health figure since the 1980s, has a role similar to that of Dr. Wu in China, said Dr. Huang. But his message may not always get through because Americans are more polarized in their political identities and beliefs.

Dr. Legleiter added that public health news only penetrates when the public identifies with or trusts this figure in authority.

“A single person represents a wider range of institutions or systems that they speak for,” said Dr. Legleiter. For example, those who are conservative may like Dr. Fauci and other scientists place them in the “elite” category. As such, they are more likely to violate the public health policies that such figures of authority promote and to adhere to the proclamations of those with whom they most identify.

Others say that public health is inseparable from the legitimacy of the state that promotes it. At the turn of the 20th century, China was in dire straits, said Dr. Hanson. Dr. Wu helped bring China out of a turbulent time, and enforcing public health measures gave the country more legitimacy.

Similarly, some experts believe the current pandemic may be a catalyst for change as it exposed public health systems in the United States, Britain, and other Western countries.

“Since the mid-19th century, the West has generally seen its ability to control infectious diseases as a sign of its civilizational superiority over much of the rest of the world,” said Dr. White. While China was then viewed as the sick man in the world, some commentators in China are now trying to brand the United States with that label.

Ruth Rogaski, a medical historian at Vanderbilt University who specializes in studying the Qing Dynasty and modern China, believes the coronavirus crisis is also an opportunity for thought, which can be very motivating.

“Epidemics can serve as turning points,” said Dr. Rogaski. “Opportunities to rethink, retool and even revolutionize health approaches.”

Categories
Politics

Ford Electrical F-150 Lightning Pickup Is New EV Contender

Ford Motor has opened an important new front in the battle to dominate the fast-growing electric vehicle market by relying on one of the world’s top performing franchises.

In a lively presentation on Wednesday evening at a Ford plant in Dearborn, Michigan, the automaker unveiled an electric version of its popular F-150 pickup called the Lightning. Ford’s F-Series trucks, including the F-150, are the top-selling line of vehicles in the U.S., typically generating around $ 42 billion in annual sales – or more than double that, according to a study commissioned by Ford Brought to McDonald’s last year.

It was one of the most anticipated introductions of a new car, and it invited comparisons to Ford’s Model T, the car that made cars affordable for the masses. Ford has a lot to do with the success of the new vehicle. If it can make the F-150 Lightning a best seller, it could accelerate the move to electric vehicles, which scientists say is vital for the world to avoid the worst effects of climate change.

Car and truck exhaust pollution is the largest source of greenhouse gas emissions in the United States and one of the largest in the world. However, if the Blitz isn’t selling well, it could indicate that the transition to electric vehicles is far slower than President Biden and other world leaders to meet the climate goals.

“The F-150 will put electric vehicles in a completely different area,” said Michael Ramsey, a Gartner analyst. “It’s huge for Ford, but also huge for the entire industry. If you’re looking to electrify the entire US fleet of vehicles, the electric F-150 is a big step in that direction. “

The F-150 Lightning signals a shift in the auto industry’s EV thrust, which was previously geared towards niche markets. Tesla has grown rapidly for several years by selling flashy sports cars to the wealthy and early adopters. Nearly 500,000 cars were sold worldwide last year, just over half of the F-Series trucks sold by Ford. Other electric models that have sold well have been small cars like the Chevrolet Bolt and the Nissan Leaf, which appeal to environmentally conscious consumers.

In contrast, the F-150 Lightning is aimed at small businesses and corporate customers such as building contractors, as well as mining and construction companies, who buy a lot of rugged pickups. As a rule, these buyers are interested not only in the sticker price of a truck, but also in the cost of its operation and maintenance. Electric vehicles tend to cost more, but less, to buy than traditional cars and trucks because they contain fewer parts and are cheaper per mile to buy electricity than gasoline or diesel.

“There are many large fleets that have looked for green solutions but haven’t had the answers yet,” said William C. Ford Jr., company chairman and great-grandson of Henry Ford, in an interview.

The truck is expected to go on sale next spring. It starts at $ 39,974 for a model that can travel 230 miles on a full charge. A 300 mile range version starts at $ 59,974.

Ford CEO Jim Farley told CNBC Thursday that the company had made reservations for 20,000 Lightning trucks in less than 12 hours of its Wednesday event.

With an electric motor mounted on each of its axles, the vehicle offers more torque – effectively faster acceleration – than any previous F-150 and can pull up to 10,000 pounds. According to Ford, the battery can power a home for about three days during an outage.

For contractors and other commercial truck users, the Lightning can power electric saws, tools, and lights, potentially replacing or reducing the need for generators in workplaces. It has up to 11 sockets.

“It’s made to be on the job site and work all day,” said Ted Cannis, general manager of Ford’s North American commercial vehicle business.

The base price of the truck is a few thousand dollars less than a Tesla Model 3 and even the company’s own Mustang Mach-E sport utility vehicle. The total cost is even lower as Ford EV buyers are still eligible for the $ 7,500 tax credit available for EV purchases. Some states, such as California, New Jersey, and New York, offer additional discounts up to $ 5,000.

Mr Cannis said Ford was able to keep the price of the electric model down by using the seats and other parts used in conventional F-Series trucks. Ford typically sells 900,000 of these vehicles per year, resulting in significant economies of scale.

General Motors and startups like Rivian are also working on electric pickups. Rivian has announced that it will start delivering its R1T truck this summer. GM is expected to sell the GMC Hummer pickup later this year.

A big question about electric pickups is whether a lot of people will buy them. Commercial buyers aside, trucks like the F-150, Chevrolet Silverado, and Ram are typically bought by people who have a lot to haul or people – usually men – who enjoy driving trucks.

“There will likely be some initially raised eyebrows, but once we get people to experience the driving dynamics and the extra space, the skepticism will subside,” said Ford.

The F-Series trucks have been the top-selling range in the United States for 44 years. A 2020 study by the Boston Consulting Group found the truck supported 500,000 jobs at Ford, parts suppliers and dealerships.

Ford’s introduction of the lightning bolt received a big push from Mr Biden, who visited the company’s Rouge Electric Vehicle Center on Tuesday, where the pickup will take place. Before a pool of White House reporters gathered at the plant, Mr Biden stopped behind the wheel of a prototype covered in black and white camouflage film to hide the shape of the truck prior to Wednesday’s event.

“That sucker is fast,” said Mr. Biden, missing out on how the truck can zoom to 60 mph in 4.4 seconds, a detail that wasn’t due to be released until Wednesday. Mr. Biden then zoomed out and reached a top speed of 80 mph

The Secret Service does not normally allow presidents to drive. Ford officials weren’t sure if Mr. Biden would drive the truck until it got to the Rouge Center, but it’s no surprise he did.

Mr. Biden is a well-known car enthusiast and owns a green 1967 Corvette that his father gave him as a wedding present. In 2016, he and his Corvette appeared in an episode of “Jay Leno’s Garage,” in which he drove the car in a closed Secret Service training facility.

Ford’s plan to produce a unionized electric truck in the Midwest is closely tied to the Biden government’s goal of reducing greenhouse gas emissions, increasing domestic production, supporting unions and accelerating the transition to electric vehicles. The batteries for the flash are manufactured by SK Innovation, a South Korean company, at a facility in Commerce, Georgia. On Thursday, Ford announced that SK Innovation and SK Innovation would establish a joint venture, BlueOvalSK, to manufacture battery cells and modules in the United States, beginning in the middle of this decade.

The government’s $ 2 trillion infrastructure proposal includes money to build half a million charging stations and incentives to buy electric vehicles.

Ford has announced that it will spend $ 22 billion on electric vehicle development over five years through 2025.

Other automakers are moving in the same direction. GM is spending a similar amount and has announced that it will only produce electric vehicles by 2035. This is to set a date for the phasing out of the internal combustion engine that has been driving the auto industry for more than a century.

GM recently unveiled an updated version of its electric car, the Chevrolet Bolt. There are also plans to make an electric version of its popular Silverado pickup, which is one of the F-150’s biggest competitors.

Categories
Business

Nikole Hannah-Jones Denied Tenure at College of North Carolina

Nikole Hannah-Jones, a Pulitzer Prize-winning New York Times Magazine writer, was denied employment at the University of North Carolina after the university’s board of trustees took the highly unusual step of not approving the journalism department’s recommendation.

The decision was criticized on Wednesday by faculty members who said the last two people in the position that Ms. Hannah-Jones will hold will be granted a term following her appointment.

In late April, the university announced that Ms. Hannah-Jones had been appointed Knight Chair of Racial and Investigative Journalism at the UNC’s Hussman School of Journalism and Media. She will start as a professor in July and continue writing for The Times Magazine. In lieu of tenure, Ms. Hannah-Jones was offered a five-year professorial contract with the option of review.

In the April announcement, the School of Journalism Dean Susan King said, “Now one of America’s most respected investigative journalists will work with our students on projects that will advance their careers and stimulate critical conversations.”

The hiring of Ms. Hannah-Jones, who received a master’s degree from the university in 2003 and a MacArthur scholarship in 2017, sparked backlash from conservative groups concerned about her involvement in Times Magazine’s 1619 project, which came after the The year was named Slavery began in the colonies that were to become the United States. (Ms. Hannah-Jones won the 2020 Pulitzer Prize for Commentary for her introductory essay.)

The 1619 project sparked a Continuing the debate on the legacy of slavery, however, it has been criticized by some historians over certain allegations and by conservatives who have termed them “propaganda”. Republican-controlled North Carolina legislation appoints the university system’s board of governors, which has significant control over the university’s board of trustees.

The NC Policy Watch website reported Wednesday that the UNC Board of Trustees had declined to approve Ms. Hannah-Jones’ application for tenure. A spokeswoman for the university, Joanne Peters Denny, said in a statement that “details of the hiring processes of individual faculties are personal information”.

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May 20, 2021, 11:00 a.m. ET

Ms. Hannah-Jones declined to comment. On Wednesday evening she wrote on Twitter: “I stayed away from here today, but I just know that I can see you all and I am grateful.”

Almost 40 faculty members of the journalism school signed an online statement Wednesday calling for the decision to be overturned. She said that Ms. Hannah-Jones did not grant tenure, “moves the goalposts unfairly and violates long-standing norms and established processes.” The statement added, “This failure is particularly disheartening because it occurred despite the support for Hannah-Jones’ tenure by the Hussman dean, the Hussman faculty and the university.”

It continued, “Hannah-Jones’ remarkable record of more than 20 years in journalism exceeds expectations for a permanent position as a Knight Chair in Race and Investigative Journalism.”

In a statement on Wednesday, Ms. King, the school’s dean, said of Ms. Hannah-Jones: “While I am disappointed that the appointment is without tenure, there is no doubt that she will be a star faculty member. “

Alberto Ibargüen, the president of the Knight Foundation, said that while the foundation funds the position of the Knight Chair at UNC, it has no role in the appointment. The agreement provides for a five-year appointment with a tenure review within that period, he said.

“It is not our job to tell UNC or UNC / Hussman who to appoint or who to give a term of office,” Ibargüen said in a statement. “However, we understand that Hannah-Jones is eminently qualified for the appointment and we urge the University of North Carolina Trustees to reconsider their decision within the timeframe of our agreement.”

Ms. Hannah-Jones’ editors expressed their support on Wednesday. “Nikole is a remarkable investigative journalist whose work has helped transform the national conversation about race,” said Dean Baquet, editor-in-chief of the New York Times.

Jake Silverstein, editor of Times Magazine, strongly defended her and her work.

“Nicole’s journalism, whether it’s about school segregation or American history, has always been brave, unwavering, and dedicated to telling awkward truths that some people just don’t want to hear,” said Silverstein. “It doesn’t always make her popular, but it’s part of why her voice is necessary.”

Categories
Health

5 issues to know earlier than the inventory market opens Thursday, Could 20

Here are the top news, trends, and analysis that investors need to get their trading day started:

1. Stock futures become positive after three days of losses

Traders work on the trading floor of the New York Stock Exchange.

NYSE

2. The weekly initial jobless claims hit the new low of the Covid era

The government reported a new Covid low for initial unemployment claims on Thursday. New jobless claims came in last week at fewer than 444,000 expected. The previous week was revised slightly to 478,000.

3. Bitcoin soars to nearly $ 42,000 after the slump on Wednesday

A representation of the virtual currency Bitcoin can be seen in this illustration from May 19, 2021 in front of a stock graph.

Given Ruvic | Reuters

Bitcoin surged to nearly $ 42,000 on Thursday after the world’s largest cryptocurrency tank hit 30% to three-month lows near $ 30,000 on Wednesday. That’s a drop of over 50% from last month’s all-time high of nearly $ 65,000. At Wednesday’s lows, the digital coin essentially broke even in 2021. However, over the past 12 months it has still increased by more than 200%. Bitcoin rebounded during Wednesday afternoon trading before pulling back later in the day and overnight.

4. Virgin Galactic will jump after the next space flight test scheduled for Saturday

Virgin Galactic’s Unity spacecraft fires its rocket engine and goes into space on February 22, 2019.

Virgo Galactic

Virgin Galactic’s shares rose nearly 24% on Thursday ahead of the market after the space tourism company announced it was planning Saturday for its next space flight test. The company announced this after completing a maintenance check on its carrier aircraft that threatened delays. Virgin Galactic aims to begin commercial service in 2022. Before the pre-IPO surge, the stock fell 27% this year and 65% over the past three months. Last week there was a big backlog after Cathie Woods Ark Invest announced that her company’s space exploration ETF had sold almost all of Virgin Galactic’s stake.

5. Oatly, backed by high profile investors, will begin trading

A carton of Oatly branded oat milk will be arranged for a photo in Brooklyn, New York on Tuesday, September 15, 2020. Photographer: Gabby Jones / Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Oatly will debut on the Nasdaq on Thursday after the IPO peaked at $ 17 per share, the expected range. The Swedish oat milk maker raised $ 1.4 billion and valued the company at $ 10 billion. Last year, Oatly raised $ 200 million in a funding round led by private equity firm Blackstone, including Oprah Winfrey, Natalie Portman, an entertainment firm founded by rapper Jay Z, and former Starbucks boss Howard Schultz.

– Reuters contributed to this report. Follow all market action like a pro on CNBC Pro. With CNBC’s coronavirus coverage, you’ll get the latest information on the pandemic.