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Business

Tesla stops accepting Bitcoin as cost for its vehicles.

Three months after Tesla announced it would accept the cryptocurrency Bitcoin as a means of payment, the electric car manufacturer abruptly reversed course.

In a message posted on Twitter on Wednesday, Elon Musk, Tesla’s chief executive officer, said Tesla had suspended accepting Bitcoin because of concerns about the energy consumption of computers crunching the calculations that back the currency.

“Cryptocurrency is a good idea on many levels and we believe it has a bright future, but it cannot result in high environmental costs,” wrote Musk. “We are concerned about the rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

Earlier this year, Tesla announced it had bought $ 1.5 billion worth of Bitcoin, and Mr Musk announced the company’s plan to accept the currency. Tesla later sold around $ 300 million of its Bitcoin holdings, revenue that replenished profits in the first quarter.

“Tesla will not sell bitcoin and we intend to use it for transactions once mining moves to more sustainable energy,” wrote Musk on Wednesday of the process by which new bitcoin is created.

According to Coindesk, the price of Bitcoin fell slightly after the announcement.

As cryptocurrencies lose value, the energy consumption of digital currencies is increasingly being scrutinized. Some estimates suggest that Bitcoin’s energy consumption affects more than the entire country of Argentina.

“Bitcoin uses more electricity per transaction than any other method known to man, so it’s not a great climate thing,” Bill Gates said in February.

Mr Musk also said Wednesday that Tesla is “researching” other cryptocurrencies that use a fraction of the energy used by Bitcoin. Mr Musk was a promoter of Dogecoin, a cryptocurrency that started out as a joke but exploded in value. On an appearance on Saturday Night Live last week, Mr. Musk described Dogecoin as “hectic.” Dogecoin fell nearly a third in price on the night of the show.

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Health

‘We’re following the science’

The director of the Centers for Disease Control and Prevention, Dr. Rochelle Walensky, defended the agency’s guidelines for guiding Covid-19 masks amid widespread criticism from lawmakers and health authorities.

“These topics are complex, science moves on, science moves and we follow science every day and our guidance moves on as science moves,” Walensky said during a Wednesday interview on CNBC’s “The News with Shepard” Blacksmith. ”

Walensky pointed out the declining Covid cases and rising vaccination rates in the nation. The U.S. positivity rate fell to 3.1%, the lowest level in the pandemic, according to Johns Hopkins University. Almost 59% of adults have received at least one vaccine, according to the CDC.

The CDC chief also signaled to Shepard Smith that guidelines will change soon after the agency approves the administration of Pfizer and BioNTech’s Covid-19 vaccine to teenagers aged 12-15.

“Today we have vaccines available for 12-15 year olds. [the agency’s guidelines are] I’ll have to keep evolving and I’m very excited to update them very soon, “said Walensky.

Smith also asked Walensky why everyone who had been vaccinated in his office still had to wear masks inside. She stated that the CDC wants to make sure the vaccines are effective against all variants circulating in the US and that “you are not an asymptomatic carrier if you are vaccinated” before indoor masks are completely phased out.

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Business

Biden urges mother and father to get children vaccinated after CDC panel endorses shot

United States President Joe Biden makes remarks on the Covid-19 response and vaccination program on May 12, 2021 in the South Court Auditorium of the White House, Washington, DC.

Nicholas Comb | AFP | Getty Images

President Joe Biden urged parents on Wednesday to vaccinate their children just before the Centers for Disease Control and Prevention approved the use of the Pfid and BioNTech Covid-19 vaccine for teens ages 12-15.

The previous Wednesday, the CDC’s Advisory Committee on Immunization Practices (ACIP) issued its recommendation, which was accepted 14-0 with one abstention. CDC director Dr. Rochelle Walensky gave final approval to the approval later that day.

Speaking at a press conference, Biden said the approval was “another big step in our fight against the pandemic”.

Almost 17 million Americans can now get vaccinated, Biden said during a speech on the White House’s Covid-19 response and vaccination campaign. “I encourage each of them and their parents to get their vaccination shots right away,” he said.

In the clinical study of 12-15 year olds, the vaccine was found to be 100% effective at two doses. The most commonly reported side effects were pain at the injection site and in joints and muscles, fatigue, headache, chills and fever, said Pfizer scientist Dr. John Perez told the CDC panel on Wednesday. Side effects usually subsided within a day or two, he said.

The Biden government is working to make the Pfizer BioNTech vaccine available in more locations in the United States, including pediatrician offices and local pharmacies, according to senior government officials.

The CDC, in partnership with states, has made efforts to enroll more pediatricians and general practitioners as Covid vaccination providers to expand access to shots in the coming weeks. The CDC will also work with community health centers to provide vaccinations for adolescents.

The CDC panel’s approval comes ahead of the summer camp season and July 4th – a date the Biden government hopes will mark a turning point in the nation’s fight against the virus. According to the Johns Hopkins University, more than 3.3 million people have died of Covid-19 worldwide, almost 600,000 of them in the United States.

Vaccinating children is seen as critical to ending the pandemic. The nation is unlikely to achieve herd immunity – if enough people in a given community have antibodies to a given disease – until children can be vaccinated, health officials and experts say.

As of Tuesday, more than 150 million Americans ages 18 and older had received at least one dose, according to the CDC. Around 115 million American adults are fully vaccinated, according to the CDC. About 13% of adults say they definitely won’t get a vaccine, while 21% say they will “wait and see” or just get one if needed, according to the Kaiser Family Foundation.

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Entertainment

From the Lindy Hop to Hip-Hop in One Improvising Physique

If you want to understand the connections between jazz dance and its descendants, you can read a book or take a class. But how much more efficient and fun it is to watch LaTasha Barnes do her thing.

Barnes is a dance scholar in an academic sense who recently earned a Masters degree from New York University. But it is their embodied knowledge that is rarer and more influential. A hard-to-beat master in the club-derived form known as house, without admitting that field, she has also become a leader in Lindy Hop, a form that, despite being originated by black dancers, has long been deficient in black Practitioners.

All of this makes Barnes a bridge between worlds that seldom cross, a connector, or rather a re-connector, as the styles and subcultures she joins encompass much of the world-conquering dance that has historically been used in African American Communities emerged a century or so – are all branches of a family whose members often do not recognize each other.

It is this lack of recognition that Barnes can seemingly mend with ease. To see her dance, especially to jazz music, is to watch the collapse of historical distance. Steps and attitudes separated by epochs flow through her improvising body, not as an intentional amalgamation, but as a single language that she has apparently always known and which she nevertheless creates on the spot. The links are natural, informal, authentic without any reference to the antiquarian. They are active, present, going live. The shock of disclosure can make you laugh out loud.

This Barnes effect is well known in the lindy hop, solo jazz and house scenes as well as in the broader circles of street and club dance. But now, at 40, Barnes could be on the verge of a different kind of recognition. On May 19, her show “The Jazz Continuum” will be premiered at the Guggenheim Museum as part of the future-oriented Works & Process series. In August it goes to the renowned Jacob’s Pillow Dance Festival in the Berkshires.

As the title suggests, “The Jazz Continuum” aims to uncover hidden connections and forgotten continuities. Barnes has put together a cross-generational crew of black dancers, experts in various styles, and puts them in conversation with jazz musicians and a DJ.

“It’s a very personal show,” Barnes said recently from her Brooklyn home. “It’s about each of us expressing our individual understanding of the jazz we have.” The reorientation of jazz towards the project also has a public point. “We want to create more space so that not only the value of these dance forms is recognized,” she said, “but especially so that the black community should turn its gaze back to its beauty and strength.”

In a way, Barnes tries to reproduce her own experience of rediscovery. Their dance began in the womb. Her father was a DJ, and at his parties she said she would ditch her mother’s groove until she got closer to the speakers so Barnes, who was still in the womb, could sync to the music.

Barnes’ childhood in Richmond, Virginia was full of dancing, especially every Sunday at family barbecues. “I would try to do the dances my aunts and uncles did,” she said. “When the song changed on the radio, so did the dances.” She kept up with her grandmother and even her great grandmother, who was born in 1928.

Her mother also took her to formal dance classes, but at the age of 8, discouraged by teachers who told her she had the wrong body type – too short and muscular – she turned to athletics and gymnastics. She never stopped dancing in her teens, but it was mostly at parties after the track meet or at clubs where people snuck in her and her friends because they really got down to it.

She joined the army at 18, another family tradition. She rose through the ranks at an unusual rate, becoming a first class sergeant in about half the usual time. As a satellite communications operator, she spent four years in Europe and then with the White House communications agency (followed by three more years as an independent contractor).

All the while, she was drawn to doing physical tests, joining powerlifting teams, and participating in fitness competitions. When she was recovering from a sports injury in 2004, she was hit by a car and walked away with a broken hip, broken back, and broken wrist. She later helped identify the driver by tucking her body into the dent on his hood. Doctors found that she also had degenerative disc disease. They told her that maybe she would never be athletic again.

After a year of regenerative work, a physical therapist suggested dance therapy. Barnes found a class in pop, the funk style of robotic contraction and isolation. It wasn’t long before a teacher introduced her to Junious Brickhouse.

Brickhouse recently founded Urban Artistry, an organization in Silver Spring, Md. Dedicated to preserving and performing urban dance forms. He taught Barnes the house, which she did as a teenager, without knowing what it was called. But he also required that she knew about various neighboring styles (hip-hop, waacking), studied with mentors and was in line with authors.

According to Brickhouse, the idea of ​​having people train in many styles recently was both about connecting people and promoting versatility. “When you’re just a BMX rider, it’s hard to understand surfers,” he said, “and when you’re all a b-boy or a popper the world seems small. LaTasha welcomed the openness and the idea that where we come from we can inform about where we are going. “

Brickhouse helped Barnes become a teacher and made her known for her highly competitive nature: dance battles. For house dancers, the biggest fight is Juste Debout, a competition in Paris that fills the arenas with fans. In 2011, Barnes and her partner Toyin Sogunro won Category 2 against 2 houses. Barnes quit her job at the White House and devoted herself to dancing.

In her search for a competitive edge, she’d already picked up a touch of jazz dance that had emerged from old footage and found similarities with house. But then Jeff Booth, a white radio musician who took popping classes at Urban Artistry, began to share some of the Lindy Hop he’d learned elsewhere. Trade moves showed more similarities.

Step inside Bobby White, a swing dance champion, teacher, and amateur historian. When he came to Urban Artistry to teach a vintage jazz dance called the Big Apple, he noticed that, first time trying the routine, Barnes looked eerily like one of the least famous dancers of the original Black Lindy’s most famous group Hoppers. Whitey’s.

“I had never seen anyone move like that,” said White. And when Barnes started studying Lindy Hop with him and others, climbing up at her usual rate, he wondered how “she was doing things no one had seen before, which still made sense because it was in the music . “

When Barnes tried to swing out, she thought, “I’ve felt this before.” Her grandmother told her that she had already been taught the dance by her great-grandmother. “And then it became a way of honoring her,” said Barnes. “Every time jazz music comes up, I feel it.”

From White’s point of view, Barnes became an inspiring role model, bringing with him a spirit of jazz dance that the lindy hop scene had missed when they joined a new generation of black dancers devoted to form.

“I’m a black woman,” said Tena Morales-Armstrong, President of the International Lindy Hop Championships. “When I started dancing Lindy 20 years ago, I didn’t even know that black people started it. I could go to many, many events and never see anyone who looks like me. “

Lately this has changed, with the support of groups that Barnes belongs to – the Frankie Manning Foundation, Hella Black Lindy Hop, the Black Lindy Hoppers Fund – organizations that strive to give black dancers better representation and access to education and To enable resources.

Barnes’ influence isn’t just as a black dancer on the Lindy scene, however. Sometimes she demonstrates house at Lindy events. She demonstrates jazz at house events. Your live broadcast is a conduit, especially when what comes out is not either / or both / and.

“In the black community, we let go of a lot of the things we created,” said Michele Byrd-McPhee, founder of Ladies of Hip-Hop and performer of Jazz Continuum. “LaTasha did a great job showing us how to become aware of our history and how to claim it for ourselves.”

Melanie George, associate curator at Jacob’s Pillow and jazz dance expert, sees Barnes as a model for a jazz approach to a dance career: “She is equally interested in all of these forms. She found a way not to have to choose. “Concert dance moderators often expect jazz and hip-hop artists to adapt to their needs, but Barnes” comes in as LaTasha “.

And George added, “What we know about great jazz dancers is the same as what we know about great jazz musicians – it gets richer over time.”

At 40, Barnes is in bloom. And what she has learned about herself may now become apparent to others. “I’ve always seen myself as the eternal outsider,” she said, “without realizing that it was actually the other way around.” She’s inside because the center of American dance is what she knows what she’s doing.

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World News

Many States with Unhealthy Latest Outbreaks Present Instances and Hospitalization Drops

According to a database from the New York Times, many of the states that have seen the worst coronavirus outbreaks recently have seen significant decreases in both new cases and hospitalizations over the past two weeks.

For example, in Michigan, which has had one of the steepest declines in the country, the average number of daily cases fell 45 percent and hospital admissions fell 32 percent during that period as of Tuesday.

The average number of new cases in the past two weeks has decreased 30 percent in Minnesota, 38 percent in Pennsylvania, and 33 percent in Florida. In the same three states, hospital admissions are down 20 percent, 27 percent, and 11 percent.

Advances for states like Michigan, which recently began to recover from one of the worst sections of the pandemic, may suggest vaccinations are starting to curb the virus in the United States. Hospitalization dates can often lag behind case numbers for a number of reasons.

The director of the Centers for Disease Control and Prevention, Dr. Rochelle Walensky testified at a Senate hearing Tuesday that, although encouraged by the achievements against the pandemic, she urged Americans to remain vigilant about the threat from the virus around the world.

Ms. Walensky said a vaccine is the fastest way to end the pandemic.

“But even with this powerful tool, while we continue to have community transmission, we must adhere to public health measures that we know will prevent the spread of this virus, mask hygiene, hand hygiene and physical distancing “, she said.

Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at the University of Minnesota, said in an interview that the vaccines had been a major contributor to improving case numbers and hospitalizations, but that the virus behaved in surprising ways There remained aspects that experts had to learn more about.

As an example of the unpredictable ups and downs of the virus, Dr. Osterholm pointed to Indiana, which borders Michigan and has lower vaccination rates, but has not seen the same increase in case numbers recently as its northern neighbor.

“I don’t see any national upswing. We won’t be like India. I think the vaccine concentration has certainly helped us immensely in getting that off the table, ”said Dr. Osterholm. “But I think at the state level, where we have significant populations that need vaccination, we could still see significant activity.”

After reaching an average high of 3.38 million doses per day in mid-April, the pace of US vaccinations had slowed. Almost every state now has a spate of vaccine doses that could be quickly distributed to teenagers once the Pfizer BionTech vaccine is approved for 12-15 year olds.

President Biden is pursuing a strategy that focuses on local reach and expanded vaccine access to meet his goal of at least partially vaccinating 70 percent of Americans by Independence Day.

“When it’s available, when it’s close by, when it’s convenient, people get vaccinated,” Biden said at the White House on Wednesday, highlighting initiatives like the availability of walk-ins and free Uber and Lyft trips to vaccination sites .

The vaccination relief could appeal to the 30 million or so Americans who say they’ll get the shot but have not yet done so for a myriad of reasons. Local officials and private companies are also offering a wide range of different incentives, such as free subway rides, beer, baseball tickets, and cash withdrawals, to make Americans reluctant to get vaccinated.

The changes in the virus’ trajectory in the United States are due to other regions of the world, particularly India and Southeast Asia, being hit hard. A number of variants are also spreading around the world, and scientists told a US Congressional panel on Wednesday that variants will pose an ongoing threat to the nation.

Dr. Tedros Adhanom Ghebreyesus, WHO director general, said Monday that the world is seeing a plateau in known cases, “but it’s an unacceptably high plateau, with more than 5.4 million cases and nearly 90,000 deaths in the past week.”

He continued, “Any decline is welcome, but we’ve been here before. Over the past year, many countries have seen a downward trend in cases and deaths, public health and society policies too quickly eased, and individuals have disappointed their vigilance only for these hard-won gains are being lost. “

Bryan Pietsch contributed to the reporting.

Categories
Politics

Secret Service seizes $2 billion in fraudulent unemployment funds, returns funds to states

Checks are printed at the US Treasury Department Philadelphia Finance Center in Philadelphia, Pennsylvania.

Dennis Brack | Bloomberg | Getty Images

The Secret Service has seized stolen Covid unemployment benefit funds and returned them to states, agency officials said on Wednesday.

Programs in at least 30 states received the money after the agency found recipients fraudulently applied for pandemic unemployment.

“This is typical of the cyber fraud that we deal with annually. It is only put together on the basis of additional funds (from) the Covid aid,” said Roy Dotson, the Secret Service’s special envoy in charge, to CNBC. “The criminals took full advantage of the programs to try to steal from them.”

He said the $ 2 billion returned to states is a “conservative estimate” and the investigation into pandemic-related fraud is ongoing. He said last year that the Secret Service had sent advice to financial institutions to flag potentially fraudulent accounts that the money might have been deposited into.

According to Dotson, scammers have typically stolen the identities of people who are eligible for unemployment benefits. In other cases, he said, identities were stolen from people who had not even applied for unemployment.

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The rapid roll-out of the Pandemic Unemployment Assistance program made it easy for scammers to become victims. The Inspectorate General of the Department of Labor said in a report released in March that at least $ 89 billion of the estimated $ 896 billion in Unemployment Program funds “could not be properly paid, a significant portion of which was due to fraud.”

The Ministry of Labor has announced that it will work with the secret service, the Justice Ministry and other agencies “to vigorously pursue those who defraud the unemployment insurance program and secure benefits for the unemployed.”

The Secret Service also announced that it had seized more than $ 640 million in funds defrauded primarily from the Paycheck Protection Program and the Economic Injury Disaster Loan Program. Around 690 inquiries into unemployment insurance and 720 inquiries into these two programs were initiated.

CNBC previously announced that millions of COVID-19 funds have been laundered through online investment platforms.

NBC News reported in February that most of the 50 state employment agencies were unaware of the full extent of their losses.

“I can imagine this will take a year or two,” said Dotson.

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Health

C.D.C. Advisers Endorse Pfizer Vaccine for Youngsters Ages 12 to 15

The federal government took one final step on Wednesday to bring Pfizer BioNTech coronavirus vaccine to teenagers in the United States, remove an obstacle to school reopening, and cheer millions of families tired of pandemic restrictions are.

An advisory committee of the Centers for Disease Control and Prevention voted The CDC director, Dr. Rochelle Walensky is expected to review the recommendations and approve them later on Wednesday.

“Getting Covid-19 vaccines approved for children ages 12-15 is an important step in removing barriers to vaccinating children of all ages,” said Dr. Yvonne Maldonado, who represents the American Academy of Pediatrics on the Federal Advisory Committee on Immunization Practices.

Many parents eagerly await the availability of vaccines for children, at least in part to expedite their return to school. About a third of eighth graders, usually 13 or 14 years old, still study completely remotely.

In some states, such as Maine, vaccination of teenagers has already started. Others plan to offer the vaccine as early as Thursday. There are nearly 17 million 12 to 15 year olds in the United States, which is 5.3 percent of the population.

Almost every state now has a flood of vaccine doses that could be quickly distributed to teenagers. The dose used to immunize adults is safe and effective for these adolescents too, as clinical studies have shown.

“Sometimes we lose the importance of children and adolescents in the midst of a pandemic – especially older adults are so much in focus,” said Dr. Grace Lee, Committee member and Professor of Pediatrics at Stanford University.

While the risk of serious illness in children is low compared to adults, the coronavirus has infected more than 1.5 million children and sent more than 13,000 to hospitals, according to the CDC, more than were hospitalized for flu in an average year

“It is currently one of the top ten causes of child death since the pandemic began,” noted Dr. Maldonado.

Young children are believed to be less likely to spread the virus than adults, but their ability to transmit it increases with age. Teenagers, especially in high school, can spread the virus just as easily as adults. Children aged 12-17 make up an increasing proportion of Covid cases in the country.

Vaccinating children should increase immunity levels in the US population and help reduce the number of cases.

“Any person with Covid-19 is giving the virus an opportunity to spread, further mutate and further expose our communities,” said Dr. Bill Gruber, Senior Vice President at Pfizer. “The decisions of the health authorities this week bring us one step closer to protecting young people and achieving herd protection.”

Pfizer announced in March that the vaccine appears to be at least as effective in 12-15 year olds as it is in older teenagers and adults. Apart from a slight increase in the frequency of fever, the shots also appeared to have comparable, mostly negligible side effects.

The company plans to monitor study participants for two years after the second dose to assess the long-term safety and effectiveness of the vaccine.

Updated

May 12, 2021, 4:58 p.m. ET

The Food and Drug Administration reviewed the clinical data and on Monday approved the Pfizer vaccine for use in these children. This allowed parents and children to wait weeks for a faster return to normal.

“While it is true that children are generally spared serious illnesses, the fact that they could not be vaccinated has created significant disruptions in their lives that have real developmental ramifications,” said Dr. Amesh Adalja, a senior scientist at the Johns Hopkins Center for Health Security. “By vaccinating this age cohort, these children can get back to their normal lives.”

In a speech at the White House on Wednesday, President Biden pointed out the benefits of the Covid vaccine for children 12 and older and said it was “safe, effective, easy, quick and free”.

“Starting tomorrow, more than 15,000 pharmacies will be ready to vaccinate this age group,” said Biden, adding that pharmacies would make it easier for teenagers to get the first shot in one location and a second shot in another location if needed.

Some experts have raised ethical concerns about vaccinating children who are at low risk for the virus, although healthcare workers and older adults remain at risk in many countries.

“If just thinking as a parent, if I had teenagers, I would probably love to vaccinate my children,” said Jennifer Nuzzo, an epidemiologist at the Johns Hopkins Center for Health Security.

Class disturbed

Updated May 5, 2021

The latest on how the pandemic is changing education.

But she added, “I am very concerned about a situation where the few countries in the world that had enough vaccines to protect their adults continue to hoard those vaccines for use in low-risk children.”

School reopenings have spiked across the country as parents, teachers, unions and school authorities worried about outbreaks. Research shows that children are largely spared serious illnesses and are not significant drivers of the spread of the coronavirus, as is the case with influenza.

“This misperception of risk will clearly divert vaccination priorities from the optimal strategic use of vaccines worldwide,” said Drs Adaliah.

The committee also recommended giving the Covid-19 vaccine along with other major vaccines that teenagers may have missed during the year. The agency had recommended waiting two weeks before and after immunization against Covid-19 before receiving other vaccines.

Parents’ reluctance can be the main hurdle. According to a recent survey by the Kaiser Family Foundation, more than 40 percent of parents of teenagers said that they would not vaccinate their children or would only vaccinate them if required by a school.

Some of these parents might change their minds as other children are safe to receive vaccines and resume personal schooling or return to team sports such as soccer and basketball that involve close contact, the researchers suggested.

Others can wait to meet school requirements. Public schools in all 50 states require certain vaccines, but officials may not be able to enforce compliance until the Pfizer BioNTech vaccine has received full FDA approval.

The vaccine now has an emergency approval. Pfizer has applied for full approval from the FDA, but this process is expected to take several months. Even after approval, students can opt out based on medical reasons or religious beliefs.

State and local leaders must make special efforts to reach children in low-income families or in color communities. Black and Hispanic adults have one of the lowest vaccination rates: by May 3, only 25 percent of blacks and 27 percent of Hispanics had been vaccinated, compared with 39 percent of whites.

In order to make the vaccine available to these communities, transport and storage of the cans must be facilitated. The Pfizer BioNTech vaccine can only be stored in standard refrigerators for five days. The companies plan to ship smaller packs for use in doctor’s offices and are developing a formulation that can be refrigerated for up to 10 weeks.

Pfizer and BioNTech plan to file applications for approval of the vaccine in children ages 2-11 in September.

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Business

U.S. Asks Mexico to Examine Labor Points at G.M. Facility

WASHINGTON – The Biden government on Wednesday asked Mexico to investigate whether there have been labor violations at a General Motors plant in the country. This is an important step in using a new labor enforcement tool in the revised North American trade agreement.

The Mexican government said later that day it would begin a review as requested.

The Biden administration moved to review the novel “rapid response” mechanism in the United States-Mexico-Canada Agreement, which replaced the North American Free Trade Agreement and came into force last summer. The mechanism allows penalties to be imposed on a specific factory for violating workers’ rights to freedom of association and collective bargaining.

The government “received information indicative of serious labor rights violations” at the GM facility in Silao, central Guanajuato, in connection with a recent vote on its collective agreement, the United States sales representative’s office said.

The vote was canceled last month on allegations that the union at the facility had tampered with it, according to news reports. The Mexican Ministry of Labor said Tuesday that it had found “serious irregularities” in the vote and ordered the vote to take place again within 30 days.

The updated North American trade agreement called for Mexico to overhaul its labor system, and the country revised its labor laws in 2019. Bogus collective bargaining agreements, so-called protection agreements, that are made with employer-dominated unions and that have a shortage of workers are widespread Country. As part of a new legitimation process, the unions hold votes for workers to confirm existing agreements.

In a statement, Katherine Tai, the US trade representative, said the request for a review “shows the Biden Harris government’s serious commitment to workers and worker-centered trade policies.”

In business today

Updated

May 12, 2021, 4:56 p.m. ET

“Using USMCA to protect freedom of association and collective bargaining rights in Mexico is helping workers both at home and in Mexico by stopping a race to the bottom,” she said, using the initials for the trade deal. “It also supports Mexico’s efforts to implement recent labor law reforms.”

Mexican President Andrés Manuel López Obrador said on Wednesday: “If there is abuse of workers in a company that exports to the US, if there are no fair wages, if there is no democracy, we need to intervene and a dialogue from government to government. “

GM said in a statement that it believed it had no role in the alleged labor violations and that it had asked a third party company to look into the matter. The company, which makes Chevrolet Silverado, Chevrolet Cheyenne and GMC Sierra pickups at its Silao plant, said it will work with the Mexican Department of Labor and the US government.

“General Motors supports the USMCA’s labor regulations, including the rapid response process,” the statement said. “As a company, we respect and support the right of our employees to make a personal decision about union representation and collective bargaining on their behalf. GM condemns labor law violations and measures to restrict collective bargaining. “

By announcing its request for a Mexican review, the Biden government avoided finding a controversial tone with the Mexican government.

Ms. Tai commended the government for “stepping in to suspend the vote when it became aware of voting irregularities,” adding: “Today’s action will complement Mexico’s efforts to ensure these workers get theirs.” Unrestricted exercise of collective bargaining rights. “

On Monday, the AFL-CIO and other groups filed a Rapid Reaction Mechanism complaint alleging alleged labor violations at Tridonex auto parts plants in the Mexican city of Matamoros across the border with Brownsville, Texas.

The Biden administration will look into the complaint, said an official in the agent’s office. It could then ask Mexico to conduct a review of the matter similar to the one it is seeking for the GM facility.

Oscar Lopez contributed to coverage from Mexico City.

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Business

Hertz shares surge by greater than 50% after deciding on $6 billion turnaround bid

A Hertz car rental office can be seen the day after Hertz’s bankruptcy filing was announced, as the company’s revenues suddenly plummeted, reflecting a dramatic drop in travel during the Covid-19 pandemic in Kissimmee, Fla., On Saturday, May 23. May, was due. 2020.

SOPA pictures | Getty Images

Shares in car rental company Hertz Global rose more than 50% on Wednesday after selecting a $ 6 billion turnaround offer that offers shareholders a rare payout for a company in Chapter 11 bankruptcy.

The investment firms Knighthead Capital Management and Certares Management have, among other things, been awarded the contract to take over Hertz as part of the bankruptcy reorganization, which the company is expected to end at the end of June.

The Wall Street Journal, which first covered the auction results, said the winning offer will pay current shareholders nearly $ 8 per share, an unusual payout for any type of corporate bankruptcy. Part of that would be paid for in cash with warrants and reorganized equity, which is also part of the value.

Apollo Global Management and a group of existing shareholders will join Knighthead and Cetares to take control of Hertz, which filed for bankruptcy last May.

Pursuant to the proposal, which must be approved by the U.S. bankruptcy court, Hertz’s Chapter 11 plan will be boosted by direct equity investments from investors and other companies totaling $ 2.78 billion, the issuance of new preferred shares totaling $ 1.78 US $ 5 billion in Apollo and fully retained rights funded offer to existing shareholders of the company to purchase approximately US $ 1.64 billion in additional common shares.

Hertz’s shares rose as much as 68% before pulling back during the day. The stock was trading at $ 5.78 per share at 2:30 p.m. on Wednesday, up roughly 58%. The market capitalization is nearly $ 900 million.

The rental car company was among the largest to apply for Chapter 11 during the coronavirus pandemic after demand subsided during lockdowns due to Covid-19 last spring. More than a year later, demand for rental cars outpaces supply as the country reopens and some Americans continue to rent vehicles over the air.

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Health

Day by day U.S. information on Might 12

A commuter rolls up his sleeve to get a coronavirus disease (COVID-19) vaccination shot at the Grand Central Station Terminal train station in Manhattan on May 12, 2021 in New York City, New York, United States.

Carlo Allegri | Reuters

After weeks of declines, the pace of daily vaccinations in the US has improved in recent days.

The country reports an average of 2.2 million shots a day over the past week, federal data shows, which was slightly above Saturday’s most recent low, when it fell below 2 million for the first time since early March.

A key advisory body to the Centers for Disease Control and Prevention will vote on Wednesday whether to recommend the expansion of Pfizer and BioNTech’s Covid-19 vaccine to children ages 12-15. Confirmation is the final step before officials authorize states to open vaccinations for millions of teenagers on Thursday.

US vaccine shots administered

CDC data shows that an average of 2.2 million daily vaccinations were reported in the US over the past week, a 35% decrease from the peak in mid-April but an increase in recent days.

While it’s too early to say whether this recent surge will become a steady trend, the data shows an increase in reported first doses, suggesting that new people are joining a vaccination program.

The totals reported Tuesday also included 150,000 Johnson & Johnson admissions, the highest one-day total since April 15. The last 7-day average of J&J recordings is 106,000 per day, compared to a high of 425,000 in mid-April.

The Chief Medical Officer of the White House, Dr. Anthony Fauci, told lawmakers at a Senate hearing on Tuesday that the pause in the J&J shot due to a rare blood clotting problem didn’t disrupt the U.S. vaccine adoption, although some polls have shown low confidence in the vaccine’s safety.

US percentage of the vaccinated population

According to the CDC, more than 46% of the US population has received one or more shots and 35% are fully vaccinated.

If and when states introduce the vaccine for the 12-15 age group, the pace of vaccination could be accelerated further.

US Covid cases

The average daily cases of U.S. Covid continued to decline Tuesday, with the 7-day average around 38,000, according to Johns Hopkins University.

For the first time since September, the number of new cases is below 40,000 a day this week.

US Covid deaths

The most recent 7-day average of US daily Covid deaths is 608, Hopkins data shows.