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Inventory futures rise as market tries to reclaim report highs in last days of 2020

U.S. stock index futures were slightly higher early Wednesday morning as the market tried to regain record highs in the final days of 2020.

Contracts tied to the Dow Jones Industrial Average scored 114 points. S&P 500 futures rose 15 points and Nasdaq 100 futures rose 48 points.

Key averages closed lower Tuesday, abandoning early gains that drove stocks to record highs on the opening bell. Both the Dow and S&P 500 snapped three-day winning streaks, each down 0.22%. Meanwhile, the Nasdaq Composite was down 0.38%.

The Russell 2000 closed 1.85% lower for the third straight year.

In Washington, lawmakers continued to disagree on direct payments to Americans. Senate Majority Leader Mitch McConnell blocked Chuck Schumer’s efforts to expedite the bill passed by Parliament late Monday that would increase checks from $ 600 to $ 2,000. The stimulus payments could run out on Tuesday evening, said Treasury Secretary Steven Mnuchin.

President Donald Trump backed higher payments and said in a tweet on Tuesday that the move should be approved “ASAP. $ 600 is not enough!”

With only two trading days a year left, the key averages are on the way to rising higher by 2020. The Dow was up 6.3% over the year, while the S&P 500 was up 15.36%. Despite recent selling pressures, the Russell 2000 is still up 17.4% over the year.

The clear winner since the beginning of the year remains the Nasdaq Composite, which is up 43%.

“We expect strong economic growth to recover in 2021 after headwinds from the pandemic in 2020 and the US-China trade war in 2019,” said Brian Demain, portfolio manager at Janus Henderson Investors. “While the leadership so far has been tight – mostly limited to the digital economy – we expect a deepening recovery as vaccines become widespread and consumers can re-enter the physical economy,” he added.

The number of Covid cases is still higher. The US is currently seeing at least 180,905 new cases and at least 2,210 virus-related deaths per day, based on a seven-day average calculated by CNBC using data from Johns Hopkins University. On Tuesday, the US confirmed its first case of the faster-spreading strain of coronavirus, originally discovered in the UK

Some investors say another potential headwind for stocks ahead is the surge in some of the hottest stocks of the year.

Interactive Brokers Chairman Thomas Peterffy said on Squawk Alley on Tuesday that a “fantastically unusual” thing had happened in the past few days: his customers are net below the market for the first time.

“Our customers are usually on the sell side of options, and there is such a demand for these out of the money options that our customers tend to become sellers,” he said. “So the Robinhood people have long options and Interactive Brokers clients have few options,” he added. In other words, while this is not necessarily a direct bet on the downtrend, customers on the other hand take advantage of such high demand.

Charles Bobrinskoy, vice chairman of Ariel Investments, echoed the dangers of a dynamic market.

“It cannot be that the way to win investing is just to buy what has increased in recent years,” he said Tuesday on CNBC’s Closing Bell. “That works in momentum markets. Momentum markets are wonderful until they turn. But when they turn, it’s ugly,” he said.

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A congressman-elect from Louisiana died from Covid-19 problems.

Luke Letlow, a Republican who was elected to the House of Representatives this month to represent Louisiana’s Fifth Congressional District, died Tuesday night of complications from Covid-19, a spokesman said. He was 41 years old.

Mr. Letlow was due to take office on Sunday. His death was confirmed by several politicians, including Louisiana representative Garret Graves, who said in a Facebook post that the death of his friend and “former employee” was “a great loss to Louisiana and America.” Mr Letlow died at the Ochsner LSU Health Hospital in Shreveport, La., Said spokesman Andrew Bautsch.

Mr Letlow said on December 18 that he was isolating at home after testing positive for the coronavirus. He was later hospitalized in Monroe, La., Before being rushed to the Shreveport hospital, Mr Bautsch said on Dec. 23. Mr Letlow was given the antiviral drug remdesivir and steroids to treat his infection, Mr Bautsch said.

On December 21, when he was hospitalized in Monroe, Mr Letlow urged people who had recovered from Covid-19 to donate their plasma. “Your plasma is especially needed by those who suffer,” he wrote in a tweet. “I cannot stress this enough. Please remember to save lives by going out and donating at your local blood bank. ”

Dr. GE Ghali, a doctor at Shreveport Hospital, told The Advocate in Baton Rouge, La that he had no underlying medical conditions that would have increased his chances of dying from Covid-19.

Mr. Letlow was elected to replace Rep. Ralph Abraham, whom Mr. Letlow had appointed as chief of staff, in a runoff earlier this month against another Republican.

Mr. Letlow is survived by his wife Julia and their two children Jeremiah and Jacqueline.

Spokeswoman Nancy Pelosi said in a statement: “Tonight the United States House of Representatives is sadly mourning the death of Congressman-elect Luke Letlow.

“Congressman-elect Letlow was a ninth generation Louisian who fought passionately for his point of view and dedicated his life to public service,” she said.

Kevin McCarthy, the House minority leader, said: “Our hearts break tonight as we process the news of the death of Congressman-elect Luke Letlow.”

Louisiana Governor John Bel Edwards said Tuesday evening that Covid-19 had “taken Congressman-elect Letlow from us far too early”. Mr. Edwards, a Democrat, said he had ordered flags to be hoisted halfway on the day of Mr. Letlow’s funeral.

Representative Mike Johnson, a Republican representing the state’s fourth congressional district, made a statement on behalf of the state’s six-member Congressional delegation: “We are devastated to hear of Luke Letlow’s death. Luke had such a positive mind and he had an incredibly bright future ahead of him. He looked forward to serving the people of Louisiana in Congress, and we were pleased to welcome him to our delegation where he was ready to make an even greater impact on our state and nation. “

Bobby Jindal, the former Louisiana governor for whom Mr. Letlow had previously worked when Mr. Jindal was a Congressional candidate, agent and governor, said the congressman-elect had “spoken in recent days about his excitement about being able to serve him “Circle.

“I first met Luke when he was a student and spent countless hours with him in his truck driving the back streets of Louisiana,” said Jindal. “His passion for service has been constant throughout his life.”

Ballotopedia says Mr. Letlow is the first federal elected official to die of Covid. The first member of the federal government to die from it was a judge.

Other elected officials to die from Covid include multiple lawmakers: a Republican Senator from Minnesota, New Hampshire’s new Republican House Speaker, and in North Dakota, David Dean Andahl, a Republican named “Dakota Dave” was posthumously elected to the House after he died from the virus.

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Gross sales plummeted 80%, lowest haul in many years attributable to Covid-19

A Cinemark employee serves popcorn to a customer at a concession booth in Cinemark’s Century 16 at the South Point Hotel & Casino on August 14, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images News | Getty Images

Just days before the end of the year, the effects of the coronavirus pandemic on the film industry in 2020 are clear and devastating.

According to data from Comscore, ticket sales fell 80% to $ 2.28 billion, a far cry from the second-best box office ever of $ 11.4 billion in 2019.

“To say this has been a challenging year for cinemas is an understatement,” said Paul Dergarabedian, senior media analyst at Comscore.

The year got off to a strong start: the industry raised more than $ 900 million in January, an increase of 10% over the same month last year. Much of its success was thanks to films like “Jumanji: The Next Level” and “Star Wars: The Rise of Skywalker,” which released in December 2019 and are still in theaters in January.

Ticket sales in February were over $ 651 million, up 4% year over year.

However, in March the film industry entered a period of forced hibernation when the US was locked down to contain the coronavirus pandemic.

In March 2019, the domestic box office achieved sales of 967 million US dollars thanks to blockbuster titles such as “Captain Marvel”, “Us” and “How to Train Your Dragon: The Hidden World”. With theaters suddenly closing, the box office dropped 73% to just $ 258 million in March 2020.

Even after the cinemas reopened, the largest chains remained closed until the end of August. As a result, the domestic box office has not seen more than $ 100 million in revenue in any month since March.

“The full year North American cash register numbers will obviously be a fraction of the pre-pandemic market, but the fact that it had over $ 2 billion in sales in 2020 is certainly impressive,” Dergarabedian said.

Ticket sales of nearly $ 2.3 billion in 2020 is an estimate and could change slightly before January 1. However, analysts do not expect this number to fluctuate much as less than 40% of domestic and international cinemas are open to the public which are capable of operating must do so with limited capacity. Not to mention that there are no more weekends in the year. This is the most popular time for moviegoers to go to the theater.

Assuming this number is correct, it will be the lowest number the domestic box office has collected in nearly 40 years, according to Comscore. According to Dergarabedian, it wasn’t until the early 1980s that cash tracking became coherent, making it difficult to trace the data any further.

On the way into 2021, analysts and cinema operators are more optimistic about the box office. While there won’t be any major movie releases through March, the recent opening of Wonder Woman 1984 in the US and Canada is building confidence in an industry-wide recovery.

“We are cautiously optimistic as long as needles go into our arms,” ​​said a cinema operator with locations in the southern United States about the introduction of vaccines in the country.

The hope for these companies is that enough people will be vaccinated by mid-2021 so that the cinemas will be fully occupied again and moviegoers will feel good again when they return to big blockbusters.

The list of films is especially robust considering how many films have been postponed as of 2020. These include Marvel’s “Black Widow”, the ninth “Fast and Furious” film, “Jungle Cruise”, a new “Minions” film and the James Bond film “No Time to Die.”

“Wonder Woman 1984 showed that the power and excitement of cinema still exist amid a pandemic, and that’s at least some good news in a year that the industry would like to take a back seat,” Dergarabedian said .

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the studio behind the “Fast and Furious” films and has international distribution rights for “No Time to Die”.

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Croatia Hit by Sturdy Earthquake

At least one person was killed and a city in central Croatia was left in ruins after a strong 6.4 magnitude earthquake Tuesday, according to the US Geological Survey and local officials.

The full extent of the victims was not known. There were reports that the quake, which occurred just after noon local time, about 30 miles from the capital, Zagreb, could be felt in the Balkans and as far as Hungary.

The epicenter of the quake was near the town of Petrinja, and the mayor Darinko Dumbovic told Croatian state television that at least one person, a 12-year-old girl, had been killed. He said he passed her body on the street.

“This is a disaster,” he said. “My city is completely destroyed.”

“We need firefighters, we do not know what is under the surface, a roof has fallen on a car, we need help,” he said in an emotional telephone interview from the scene that was broadcast on Croatian state television.

“Mothers cry for their children,” he said.

Images from the city on social media and local TV showed streets littered with rubble, buildings with collapsed roofs, and rescue workers looking for people who might be trapped.

In the moments after the earth stopped shaking, orange dust filled the air as car alarms went off, church bells rang, and calls for survivors rang through the streets.

In a dramatic rescue, a man and a child were pulled from a car buried under rubble. The mayor told local reporters that he did not know the condition of the two people, but that they appeared to be alive.

“I also heard the kindergarten collapsed,” he said, adding, “Fortunately, there were no children in the building at the time.”

The Red Cross in Croatia said it was a “very serious” situation.

The earthquake was the second to hit the area in two days after a 5.2 magnitude tremor on Monday morning damaged buildings and fueled fears in a region with a history of seismic activity.

It took only a few hours for Prime Minister Andrej Plenkovic and President Zoran Milanovic to tour the center of Petrinja to investigate the damage caused by the first quake.

While that first tremor caused no injuries, Mr Dumbovic said many buildings had been damaged, which left them in a precarious state when the second quake erupted.

He said there had been several small earthquakes in the past few days and that many residents were afraid to spend the night in their homes.

In Zagreb, where people took to the streets during the quake, many decided to ignore the current travel ban in order to limit the spread of the coronavirus and leave the city.

In neighboring Slovenia, the state news agency announced that the country’s only nuclear power plant, located about 100 km from the epicenter, has been shut down as a precaution.

The Hungarian Paks nuclear power plant said in a statement that it had not stopped production even though the earthquake was felt there.

Ursula von der Leyen, President of the European Commission, said she had asked Janez Lenarcic, the European Commissioner for Crisis Management, to be ready to travel to Croatia to provide assistance.

The region is prone to earthquakes and experts have warned that the Balkans in south-eastern Europe have not addressed the risks of aging buildings.

While many towns and villages trace their roots back hundreds of years, a building boom that happened in the 1990s during the transition from communism to capitalism often meant that structures were built without regard to safety standards.

The result is that millions of people are living in buildings that are unlikely to survive a major earthquake, experts say.

In Croatia, the scars of past quakes are still visible in places like Dubrovnik, where a quake in 1667 destroyed almost a third of the city and killed more than 5,000 people.

Alisa Dogramadzieva and Joe Orovic contributed to the coverage.

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Australia’s economic system after Covid-19 pandemic

The national flags of Australia and China are displayed in front of a portrait of Mao Zedong overlooking Tiananmen Square.

Frederic J. Brown | AFP via Getty Images

Australia’s economy has been hit hard by escalating trade tensions with China – and it is possible that even after the pandemic ends, growth “will never return to pre-virus levels,” according to research firm Capital Economics.

China is by far Australia’s largest trading partner, accounting for 39.4% of goods exports and 17.6% of services exports between 2019 and 2020.

But Beijing has been targeting a growing list of imported products from Down Under for months – tariffs on wine and barley and suspension of beef imports.

Australia’s gross domestic product (GDP) could continue to shrink if Beijing continues to pile tariffs on more Australian imports, its chief economist Marcel Thieliant said in a note last week.

Goods and services already “in the line of fire” are worth almost a quarter of Australia’s exports to China – 1.8% of economic output, according to the research company.

But it can’t end there.

“That number could climb to around 2.8% of GDP if China targets other products for which it does not depend heavily on Australian imports,” Thieliant said.

While Australia should be able to reroute some shipments to other countries, the escalating trade war is another reason why the Australian economy will never return to its pre-virus path, even after controlling the pandemic.

Marcel Thieliant

Economist, capital economy

Canberra-Beijing bilateral relations deteriorated earlier this year after Australia backed a growing demand for an international investigation into China’s handling of the coronavirus pandemic.

Other restrictions from Beijing could come, including exports of gold, aluminum oxide – a type of material for industrial use – and “a wide variety of smaller goods,” the report said.

“While Australia should be able to reroute some shipments to other countries, the escalating trade war is another reason the Australian economy will never return to its pre-virus path even after the pandemic is controlled,” Thieliant said.

Overall, the country’s gross domestic product could lag its pre-virus level by about 1.5 percentage points by the end of 2022 – and additional trade restrictions from China could exacerbate this shortage, Capital Economics said.

The pain could be alleviated, however, as “Australia may find other destinations for its exports,” said the economist.

A ray of hope for Australia

Australia is the world’s largest iron ore producer, another commodity that has been in the spotlight as tensions between Australia and China increased.

But there is a ray of hope for Australia: iron ore exports would likely continue to be spared as Australia supplies half of China’s needs.

China imports 60% of its iron ore from Australia and is heavily dependent on the commodity from which steel is made.

Analysts say the lack of available alternatives could be the reason iron ore has so far been spared the tariff war.

Iron ore prices recently rose as demand from China increased and were further fueled by dwindling supply and disruption caused by storms in Australia.

“We still believe that iron ore exports will be spared … Without Australia, China would not be able to meet all of its current needs,” Thieliant wrote.

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Pope Francis Strips Highly effective Vatican Workplace of Its Monetary Belongings

ROME – Pope Francis has stripped of its significant financial assets from the Vatican’s most powerful office, the Vatican said Monday after dubious investments wasted millions of euros on church donations, sparking an embarrassing scandal and sparking an ongoing corruption investigation.

A new law passed by the Pope orders the Secretariat of State, the diplomatic and administrative arm of the Holy See, to transfer all of its financial and real estate holdings to another office, the management of the legacy of the Apostolic See, which manages the finances of the Vatican by February 4th.

The changes, contained in a law released Monday, follow an investigation by the Vatican into the mismanagement of funds in the State Secretariat.

One of the State Secretariat’s most significant investments was the purchase of a London property, part of which was bought with funds donated by the faithful.

In October 2019, as part of an investigation into the purchase, Vatican prosecutors ordered a raid on the offices of the Vatican Banking Authority. The investigation resulted in the resignation of the Vatican security chief, the dismissal of several Vatican employees and officials and the arrest of an Italian banker involved in the transaction.

However, no one was charged in the case and the banker was released.

The changes announced on Monday are also in line with Francis’ agenda to reform the administration of the Vatican, a task that has proved a significant challenge in the nearly eight years since Francis became Pope, also due to the setback by the Vatican bureaucrats .

A preamble to the law states that the decision to withdraw the funding of the Secretariat was taken in order to “better organize the administration, control and supervision of the economic and financial activities of the Holy See”, “more transparent and efficient administration” and ensure a “clear” administration separation of responsibilities and functions. “It has been found that other departments are already dealing with financial and economic matters.

The law also calls for the creation of a new donation fund for the Pope, previously administered by the State Secretariat, to ensure “more control and better visibility,” the Vatican said. The Vatican Ministry of Economics will oversee spending.

The Vatican said the change would allow the secretariat of state to assist the pope and his successors “in matters of greater concern to the good of the church”.

“It is a step that configures a rather significant downsizing of the State Secretariat,” said Sandro Magister, who writes a widely read blog about the Vatican. “The Pope has outlined the process fairly precisely and validly,” he said, referring to the Vatican code.

The law formalizes in a letter to the Secretary of State, Cardinal Pietro Parolin, what the Pope initiated last August and calls for the transfer of the property of the Secretariat to the management of the legacy of the Apostolic See. In the letter, Francis referred to the “reputational risks” the Secretary of State had suffered from investing in London’s real estate business as well as a Malta-based investment vehicle.

In September last year, Francis abruptly fired Cardinal Giovanni Angelo Becciu, the secretariat of the former state chief of staff, on allegations of corruption in the London real estate business, which alleged Vatican prosecutors were saying church hemorrhagic money while enriching middlemen. The judicial authorities of the Vatican and Italy are continuing to investigate this deal as well as other financial transactions. Cardinal Becciu has denied any wrongdoing.

In November, Francis reiterated his request that the Secretariat of State divide up its assets and appointed a commission to carry it out. With the new law that the Pope signed over the weekend, Francis gave specific instructions on how this transfer would take place.

Although the scandal seemed to prompt the Pope’s decision, Francis made reforming the Vatican’s administration and finances a core part of his papacy.

Francesco Clementi, a law professor at the University of Perugia who has written a book on the organization and laws of the Vatican, said: “In restructuring the Vatican’s finances, Francis chose criteria that were understood by the world’s economic and financial community become a strategy of clarity and transparency. “

Since Francis became Pope, he has said: “His Church has adopted a number of agreements and documents to bring the Vatican’s economic and fiscal discipline into line with the rest of the world.”

The new law effectively adopts the recommendations of Cardinal George Pell, Francis’ first Secretary of Commerce, who repeatedly clashed with State Secretariat officials to gain better control over all of the Vatican’s finances. In a 2014 essay, Cardinal Pell complained that some Vatican departments had “almost a free hand” in their finances.

The cardinal’s reform efforts were halted when he was forced to return to Australia in 2017 to face charges of sexual abuse of a minor. His conviction was broken earlier this year and he returned to Rome in September.

“We are going back to the original project that Pell implemented and that was severely and even violently foiled by the Secretariat and other Vatican departments,” said Magister.

“Pell has been pushed back and it must be said that the Pope followed these attempts to block him and withdrew powers that he had first given to the cardinal. Now Pell has been confirmed, ”he said.

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Home set to vote on overriding Trump veto of $740 billion protection invoice

The U.S. Capitol in Washington, DC, the United States, on Friday, December 18, 2020.

Sarah Silbiger | Bloomberg | Getty Images

WASHINGTON – The House was due to vote Monday on whether to overturn President Donald Trump’s veto of an annual defense spending bill.

An override would be seen as a bipartisan reprimand against the Republican president in the final days of his administration.

The house, led by Spokeswoman Nancy Pelosi, D-Calif., Will meet at 2 p.m. (CET). The vote to overturn Trump’s rejection of the massive defense law, which authorizes a $ 740 billion spending cap and outlines Pentagon policy, is expected around 5 p.m. If it is passed, the override measure will then go to the Senate.

Senate Majority Leader Mitch McConnell said his house would vote on lifting the veto on Tuesday.

The bill, known as the National Defense Authorization Act of 2021, was passed on December 8 with the support of more than three-quarters of the chamber. A large majority of the GOP-controlled Senate also passed the bill, giving both houses a higher percentage of yes-votes than the two-thirds required to defeat a presidential veto.

The comprehensive defense law is usually passed with strong support from both parties and veto-proof majorities, as it funds America’s national security portfolio. It was legally signed for nearly six consecutive decades.

The passage of the law will at least secure pay increases for soldiers and keep important defense modernization programs going.

Trump offered a number of reasons to oppose this year’s 4,517-page NDAA, questioning the bill as to both what it contains and what is missing.

The president has called for the bill to protect social media companies from the protection of language under Section 230 of the Communications Decency Act, which protects them from being held liable for what users say on their platforms. Trump, who used Twitter extensively during his presidency, has long accused media companies of bias.

In his veto message to Congress, Trump wrote that the NDAA “has made no significant changes to Section 230 of the Communications Decency Act.” He called on Congress to lift the measure.

The president previously said the move posed a serious threat to US national security as well as electoral integrity, but gave no further explanation.

Trump’s ally Sen. Lindsey Graham, RS.C., wrote on Twitter that he would not vote to overturn the president’s veto. Graham didn’t vote for the bill for the first time.

Graham, chairman of the Senate Judiciary Committee, passed a law on December 15 that would end Section 230 protection by January 1, 2023.

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Revisiting the Unseen Corners of the World

At the beginning of the coronavirus pandemic with worldwide travel restrictions, we started a new series that allows you to be virtually transported to some of the most beautiful and fascinating places on our planet.

This week, after 40 installments, we’re looking back at some of the highlights – from hatter workshops in Ecuador and the Alaskan wilderness to lush Zambian valleys.

A decade ago, photographer Robert Presutti accompanied a friend to a monastery in rural Georgia: the Phoka Nunnery of St. Nino. A nun and two novices had moved to the area years earlier and began to revive an 11th century church from its ruins.

Under the leadership of Abbess Elizabeth, the group of three grew slowly so that at the time Mr. Presutti visited the monastery, the monastery consisted of six nuns and one novice. By then the church had been completely restored.

Caleb Kenna has been a freelance photographer for more than 20 years, traveling Vermont’s back streets, taking portraits and capturing the diverse landscapes of the state.

Until a few years ago, he rented planes to climb into the sky and take aerial photographs. Nowadays he uses a drone.

Every year millions of pilgrims come to Karbala, a normally quiet desert town in central Iraq, to ​​commemorate the religious holiday of Arbaeen, one of the largest organized gatherings of people in the world. When a small group of journalists was invited in 2019, photojournalist Andrea DiCenzo took the opportunity to leave.

The event is a spectacular display of sorrow, grief and religious ecstasy. It commemorates the death of one of the most important leaders of Shiite Islam, Imam Hussein, a grandson of the Prophet Muhammad.

“In recent years, Iraqis and Iranians have joined hundreds of thousands of religious tourists from a growing number of countries outside the Middle East, including the UK, Bosnia, Pakistan, Malaysia and Australia.”

Andrea DiCenzo

Read more about Arbaeen »

The Tshiuetin Line is a remote railroad that runs through rural Quebec. Named after the Innu word for “north wind,” it is the first railroad in North America owned and operated by the First Nations people – and has become a symbol of recovery and defiance.

Since 2015, photographer Chloë Ellingson has been documenting the passengers, the route and the communities she serves on her numerous journeys by train.

“Most of the passengers are regulars on every trip on the Tshiuetin train. Some go to hunting grounds – like Stéphane Lessard, whom I met on the way to his friend’s hut, which he has been visiting for 17 years. “

Chloë Ellingson

Read more about the Tshiuetin Line »

A Montecristi Superfino Panama hat is creamy as silk, heavier than gold and has the color of fine old ivory. It’s both a work of art and a fashion.

The finest specimens have more than 4,000 tissues per square inch, a tissue so fine that a jeweler’s loupe is required to count the rows. And every single one of these fabrics is made by hand. No loom is used – just dexterous fingers, sharp eyes and Zen-like focus.

The writer and photographer Roff Smith became interested in hats about 15 years ago when he read about straw hats that could cost many thousands of dollars.

Sea lions are often referred to as “dogs of the sea”. They live up to their nickname on a small island off the coast of the Baja, where playful animals populate every rocky outcrop.

Photojournalist Benjamin Lowy visited the area on one of his first underwater missions in 2017 after years of reporting on war, politics and sports.

Although Zambia is highly valued by safari enthusiasts, it has long since flown under the radar for first-time visitors to Africa, overshadowed by its better-known regional neighbors: Tanzania, Kenya, Botswana and South Africa.

However, this landlocked state is home to some of the continent’s best national parks, especially those that line the crocodile and hippo-infested Luangwa River.

The photographer Marcus Westberg first saw the mud-brown Luangwa at the age of 23. He has been back half a dozen times since then – and to neighboring Luambe and North Luangwa National Parks.

“There is something for everyone in Zambia. Game viewing in parts of South Luangwa rivals that of most of Africa’s top safari destinations. In Luambe, you literally have an entire park to yourself. “

Marcus Westberg

Read more about wildlife in Zambia »

Three miles off the coast of Maine, in a remote area northeast of Acadia National Park, lies a group of islands inhabited only by sheep. The Wakeman family, who live on the nearby mainland, are caretakers year round. They maintain the traditions of the island shepherds, whose cycles have largely remained unchanged for centuries.

At the end of the lamb season, a congregation gathers to collect and shear the sheep. The volunteers – around 40 people – include a handful of knitters and spinners; They often wear Nash Island wool sweaters.

The photographer Greta Rybus started documenting the Wakemans and the islands in 2019.

“Some of the sheep spend their entire lives on these islands, from birth to death. They become the islands. Their sun-bleached bones are anchored in the earth, nestled in the grassy hills and wetlands where they once grazed. “

Galen Koch and Greta Rybus

Read more about island shepherds in Maine »

Southeast Alaska is inextricably linked with the Tongass National Forest. The mountainous western edge of the North American continent gives way to the hundreds of islands that make up the Alexander Archipelago. The landscape is covered in western hemlock, red and yellow cedar, and sitka spruce.

However, the removal of the logging restrictions can indelibly change the character of the region.

Photographer Christopher Miller grew up on the edge of the Tongass National Forest, which is just outside his back door in Juneau and stretches for hundreds of miles along the coast. In 2019 he documented a 30-mile journey along the Honker Divide Canoe Route, which runs through the National Forest.

Magallanes – in the southernmost Patagonia – is Chile’s largest, but second most populated region.

Daily life here requires persistence and resilience. Community life is made easier in part by an unlikely source: a network of rural schools.

After consultation with local education authorities and teachers, and with the blessing of the students’ parents and guardians, photojournalist Andria Hautamaki traveled to five such schools for over a month in 2019.

“The coronavirus pandemic has changed educational routines around the world, and many schools in Chile have turned to distance learning. However, the rural Chilean schools face particularly difficult challenges. “

Andria Hautamaki

Read more about rural Patagonian schools »

A few years ago, photographer Richard Frishman began documenting traces of racism, oppression and segregation in America’s built and natural environments – traces hidden behind a veil of banality.

Some of Mr. Frishman’s images capture web sites that have not been flagged, overlooked, or largely forgotten. Other photographs examine the black institutions that have emerged in response to racial segregation. A handful of pictures show the locations where blacks were attacked, killed, or kidnapped – some marked and widely known, some not.

“Slavery is often referred to as America’s ‘original sin’. Its demons still haunt us in the form of segregated housing, education, health care, and employment. Through these photos, I am trying to preserve the physical evidence of this sin – for if the narrative traces are erased there is a risk that the lessons will be lost. “

Richard Frishman

Read more about the “Ghosts of Segregation” »

The waters around Great Britain are speckled with thousands of small islands, only a small part of which is inhabited.

Among those who call Britain’s tiny islands home is a collection of guards – caretakers who live their lives in quiet solitude away from the crowded corners of our urban world. Your job: to maintain and manage the conservation of their small tract of land, often while exploring fragile ecosystems.

For the past three years, photojournalist Alex Ingram has visited some of these remote islands and spent at least a week on each.

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U.S. inventory futures rise as Wall Avenue set to enter final week of 2020

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

NYSE

The stock futures rose slightly in night trading on the Sunday before the last trading week of 2020.

The futures on the Dow Jones Industrial Average rose 149 points. S&P 500 futures and Nasdaq 100 futures were also trading in slightly positive territory.

President Donald Trump signed a $ 900 billion law on Covid-19 that prevented the government from closing and expanded unemployment benefits to millions of Americans. The signing came days after Trump proposed vetoing the legislation and calling for $ 2,000 in direct payments to Americans instead of $ 600.

“I’m signing this bill to restore unemployment benefits, stop evictions, provide rental support, add money for PPP, get our airline employees back to work, add significantly more money to distribute vaccines, and much more,” Trump said in a statement on Sunday evening.

Wall Street has had a quiet week of holidays with major averages posting flat returns. The S&P 500 fell 0.2% last week as some investors took off year-end chips. The 30-share Dow gained 0.1% over the same period.

Profit taking could rise in the last week of the year, which has seen surprisingly high returns so far. The S&P 500 is up 14.6% year-to-date, while the Dow is up 5.8%. The Nasdaq is up 42.7% this year as investors preferred high-growth technology names amid the ongoing Covid-19 pandemic.

Dr. Anthony Fauci warned on Sunday that the country could see a surge in new Covid-19 infections after Christmas and New Years. Two vaccines from Pfizer and Moderna started the distribution process this month. To date, over a million people have been vaccinated in the United States.

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E.U.’s Mass Vaccination Marketing campaign Begins, With Nursing Houses as Focus

BERLIN – From nursing homes in France to hospitals in Poland, older Europeans and the workers who care for them rolled up their sleeves on Sunday to receive coronavirus vaccination shots as part of a campaign to protect more than 450 million people across the European Union.

The vaccinations offered a rare respite as the continent grappled with one of its most precarious moments since the coronavirus pandemic began.

Despite national bans, restrictions on movement, closings of restaurants and cancellations of Christmas gatherings, the virus has haunted Europe into the dark winter months. The spread of a more contagious variant of the virus in the UK has caused such an alarm that much of continental Europe closed its borders to travelers from the country, effectively quarantining the nation as a whole.

In Germany, a nursing home in eastern Saxony-Anhalt did not wait for the planned introduction of the vaccination campaign across the European Union on Sunday and vaccinated a 101-year-old woman and dozens of other residents and employees on Saturday. Hours after the cans arrived. People were also vaccinated in Hungary and Slovakia on Saturday.

Early Sunday, dozens of minivans carrying coolers filled with dry ice to keep the doses of the Pfizer BioNTech vaccine from rising above minus 70 degrees Celsius fanned out into nursing homes across the German capital as part of the vaccination wave. The rollout comes as Europe’s largest nation is facing its deadliest phase since the pandemic began.

With nearly 1,000 deaths per day in Germany in the week before Christmas, a crematorium in the Saxon state was in operation around the clock to keep up.

“I’ve never seen it so badly,” said Eveline Müller, the director of the facility in the city of Görlitz.

More than 350,000 people in the 27 countries of the European Union have died of Covid-19 since the first death was recorded in France on February 15. For many countries the worst days have come in recent weeks. In Poland, November was the deadliest month since the end of World War II.

While doctors have learned to better care for Covid-19 patients, effective medical treatment remains difficult to achieve. So the rapid development of vaccines is being celebrated not only as a remarkable scientific achievement, but also as a hope for a world that is off its axis.

However, the joy that greeted the news of successful vaccine candidates in November was tempered when its launch in the UK and United States highlighted the challenges ahead.

Vaccination campaigns in Russia and China use products that have not passed the same regulatory hurdles as the vaccines developed by Pfizer-BioNTech and Moderna that are currently being rolled out in the West.

Mexico became the first country in Latin America to start vaccinating its population on Friday. And regulators in India are expected to approve the use of a vaccine developed by AstraZeneca and Oxford University soon.

By the New Year, the greatest vaccination effort in human history is expected to be in full swing. However, supply bottlenecks, logistical hurdles, misinformation, public skepticism, and the scale of the effort make it an uphill battle against an ever-evolving virus.

While experts said there was no evidence that any known variant would affect the effectiveness of vaccines in individuals, they said more study was needed. And the higher the infection rate, the more urgent vaccination is.

The new variant is spreading in the UK with such ferocity that there is a growing debate over whether to give more people a single dose of the Pfizer BioNTech vaccine, which is about 50 percent effective at preventing disease, rather than one fewer people taking the two doses are required for levels of protection estimated at 95 percent.

Still, the launch of the vaccine was celebrated across Europe.

“Today we turn the page in a difficult year,” wrote the President of the European Commission, Ursula von der Leyen, on Twitter. “The vaccine # COVID19 was delivered to all EU countries.”

Updated

Apr. 27, 2020 at 1:48 am ET

The Greeks call their vaccination campaign “Operation Freedom”. As in much of Europe, there is great skepticism about coronavirus vaccines, and the slogan aims to influence indecisive people.

For Italians – whose suffering served as a warning to the world at the start of the pandemic and whose current death toll is again among the worst in Europe – a 29-year-old nurse stood up to take the first shot.

“It’s the beginning of the end,” said nurse Claudia Alivernini after she was vaccinated early that morning at Spallanzani Hospital in Rome.

“We health workers believe in science, we believe in this vaccine, it is important to be vaccinated for ourselves, for those around us, for our loved ones, the community and our patients,” she said.

The Italian Prime Minister Giuseppe Conte celebrated this moment.

“Today Italy is waking up again. It’s #VaccineDay, ”he wrote on Twitter. “This date will stay with us forever.”

For some countries, the first vaccinations offer a chance of some sort of reimbursement for errors made during the first wave of the pandemic.

In the spring, when the virus entered nursing homes in France, the crisis remained in the shadows until deaths reached levels that could no longer be ignored. There was therefore a symbolic response when the residents of nursing homes were selected to receive the first vaccinations in the country.

In Spain, where more than 16,000 people died in nursing homes in the first three months of the pandemic, the vaccination campaign should also begin in a nursing home in the city of Guadalajara.

European Union member states showed solidarity by waiting for the bloc’s regulator, the European Medical Association, to approve the vaccine before embarking on coordinated national campaigns. But how these will develop in individual countries is likely to vary.

All EU Member States have national health systems so people are vaccinated for free. But just as hospitals in poorer member states like Bulgaria and Romania have been overwhelmed by the recent virus wave, networks in these countries will face challenges in distributing vaccines.

While each nation determines how their campaign will be conducted, the first phase generally focuses on those most at risk of exposure and most likely to experience serious health problems – healthcare workers and the oldest citizens.

Most Member States have announced that the vaccine will reach the general public by spring and a return to a sense of normalcy could hardly come too soon.

France was among the first nations in Europe to introduce a second lockdown in October, and while it has started lifting the restrictions, the reopening has not come as quickly as many had hoped.

Museums, theaters, and cinemas, originally scheduled to reopen on December 15, will remain closed, and there is a curfew from 8 p.m. to 6 a.m. across the country. The lights in the trees along the Champs-Élysées in Paris still twinkle every night, but no vacation shoppers or tourists are there to bask in their glory.

Chairs stacked in empty bars, restaurants and cafes are a reminder of the absence in 2020.

Nathalie and Adrien Delgado, a Parisian couple in their fifties, said they would get vaccinated as soon as possible. “It’s an act of citizenship,” said Ms. Delgado, who celebrated Christmas with the couple’s two children in Paris instead of visiting their mother. “It’s not even for me, but it’s the only way to stop the virus.”

Others weren’t so sure.

Sandra Frutuoso, a 27-year-old housekeeper who had also canceled plans to visit her family in Portugal, said she feared the disease – her husband was infected and has since recovered – but will not be vaccinated for “long”.

“You did it too quickly,” she said. “I’m concerned that the side effects could be worse for someone my age than the Covid itself.”

Germans’ willingness to get vaccinated has also decreased in recent months, and the government hopes that adoption will increase with the introduction of the vaccines.

When asked last week how long it could be before life could return to normal, Ugur Sahin, co-founder of BioNTech, warned that despite immunization, the virus would persist for the rest of the decade.

“We need a new definition of” normal, “” he told reporters, though he added that with adequate vaccinations, lockdowns could end as early as next year.

“This year we won’t have any control over the number of infections,” said Sahin, “but we have to be sure that we have enough vaccines next year to make it normal.”

Melissa Eddy reported from Berlin and Marc Santora from London. The reporting was written by Aurelien Breeden from Paris, Niki Kitsantonis from London, Elisabetta Povoledo from Rome, Raphael Minder from Madrid and Monika Pronczuk from Brussels.