Categories
Politics

Fb To Biden: ‘We Aren’t The Cause Vaccination Objective Was Missed’

WASHINGTON – Facebook and the Biden government had an increasingly vicious back and forth over the weekend after the government condemned the social media giant for spreading misinformation about the Covid-19 vaccines.

On Sunday, General Surgeon Vivek Murthy reiterated warnings that false stories about the vaccines had become a dangerous health hazard. “These platforms need to recognize that they have played an important role in increasing the speed and extent with which misinformation spreads,” Murthy said on CNN on Sunday.

In a blog post on Saturday, Facebook asked the administration to stop “pointing the finger” and set out what it had done to encourage users to vaccinate. The social network also described how it cracked down on lies about the vaccines, which officials said led to people refusing to be vaccinated.

“The Biden administration has chosen to blame a handful of American social media companies,” said Guy Rosen, Facebook’s vice president of integrity, in the post. “The fact is that the adoption of vaccines by Facebook users in the US has increased.”

Mr Rosen added that the company’s data showed that 85 percent of its users in the United States were or were about to be vaccinated against the coronavirus. While President Biden’s goal was to have 70 percent of Americans vaccinated by July 4th, which the White House missed, “Facebook isn’t the reason it missed that target,” Rosen said.

Facebook’s response followed a firm condemnation of the company by Mr Biden. When asked on Friday about the role of social media in influencing vaccinations, Mr Biden stated in unusually strong language that the platforms “kill people”.

“Look,” he added, “the only pandemic we have is that of the unvaccinated, and that – and they kill people.”

Other White House officials have also increasingly commented on how social media has stepped up vaccine flights.

On Thursday, Mr Murthy accused social media companies of not doing enough to stop the spread of dangerous misinformation about health, calling it a national health crisis that fueled refusal to vaccinate among Americans. On Friday, White House press secretary Jen Psaki also called for misinformation “that is causing people not to take the vaccine and people to die from it.” She said the White House was responsible for bringing up the issue.

The White House declined to comment on Facebook’s blog post on Saturday.

On Sunday morning, Mr Murthy also responded to allegations made by a Facebook official who spoke anonymously to CNN, saying the government was looking for “scapegoats for missing its vaccination targets.”

Updated

July 18, 2021, 12:38 p.m. ET

The company representative told CNN before Mr Murthy’s appearance on the news network that Mr Murthy had “praised our work” in private conversations while he had publicly criticized the company.

Mr. Murthy disproved the characterization.

“I’ve been very consistent in what I’ve been saying to tech companies,” Murthy said Sunday morning on CNN. “If we see good steps, we should acknowledge them,” he said, adding, “But I also said that it was not enough. We are still seeing an increase in misinformation on the Internet. “

Facebook, Twitter and other social media sites have long struggled with their role as platforms for speech while protecting their users from disinformation campaigns such as Russian efforts to influence presidential elections or false statements about the pandemic.

In the past few months, Facebook has taken steps against anti-vaccination advertisements and misrepresentation about the vaccines. In October, it announced that it would no longer allow ads against vaccinations on its platform. In February, the company went ahead and said it would remove false claims posts about vaccines, including claims that vaccines cause autism or that it is safer for people to contract the coronavirus than receiving the vaccinations.

But online misinformation about the vaccines has not been eradicated. Lies have been spread that vaccines can alter DNA or that vaccines won’t work.

On Saturday, Mr Rosen said in the blog post that American Facebook users’ reluctance to take vaccines had decreased by 50 percent since April and vaccine acceptance had increased by 10 to 15 percentage points, or from 70 percent to over 80 percent.

“Although social media plays an important role in society, it is clear that we need a society-wide approach to end this pandemic,” said Rosen. “And facts – not allegations – should help support this effort.”

The White House’s frustration with Facebook has increased over several months, said those knowledgeable about the matter. While the Biden government asked Facebook to share information about the spread of misinformation on the social network, the company refused to cooperate, the people said.

On Friday, White House digital director Robert Flaherty said in a tweet: “I think the question remains simple: How many people have seen misinformation about Covid vaccines on Facebook?”

Categories
Health

Dr. Anthony Fauci says speak of Covid booster photographs does not imply vaccines aren’t working

The Senior Medical Advisor to the White House, Dr. Anthony Fauci told CNBC on Tuesday that Covid booster vaccinations are currently unnecessary.

“The discussion about boosters is really adequate preparation on the part of the [drug] Company are working with the NIH and CDC and others to be prepared in the event you may need a boost, “Fauci said in the Squawk Box.

“But if you translate that into ‘We’re going to need a boost; everyone is going to get a boost’, that’s not appropriate. We still haven’t vaccinated enough people in the main part of it,” he added, emphasizing the booster discussion. ” has absolutely nothing to do with the effectiveness of the vaccine “.

With schools reopening in the fall and the spread of new coronavirus variants, questions are circulating about the need for booster vaccinations, even if the pace of primary vaccinations in the US has slowed since the spring.

On Monday, Pfizer officials met with federal health officials to advocate for the potential need for Covid boosters as the drug company prepares for US approval of a third dose of its current vaccine.

Pfizer announced last week that it is also developing a booster vaccine to combat the highly transmissible Delta variant – now the dominant strain of the virus in the US – and said the immunity was boosted by its Two, developed with German partner BioNTech Shot vaccine wears off.

However, the Centers for Disease Control and Prevention and the Food and Drug Administration released a joint statement blaming Pfizer’s insistence on a third dose, saying that fully vaccinated Americans do not currently need a booster dose.

The officials’ conversation with Pfizer was mostly “a courtesy meeting,” Fauci, director of the National Institute of Allergies and Infectious Diseases, also told CNBC on Tuesday. He said the real question right now is how long protection against the vaccines will last and at what level of protection, a view shared by other health experts.

Former Obama administration official, Dr. Kavita Patel told CNBC on Monday ahead of the Pfizer meeting that booster shots seem like “inevitable” due to newer variations, but questioned when it will happen. She also stressed that when discussing boosters in the US, it is important to take into account the global impact on vaccine adoption in other parts of the world.

Dr. Ashish Jha, dean of Brown University’s School of Public Health, told CNBC on Friday that he had “seen no evidence yet of anyone needing a third injection”.

According to CDC data, the majority of Americans were vaccinated with Pfizer, followed by the two-shot Moderna vaccine and Johnson & Johnson’s single-shot course. More than 184 million people in the United States, or 55.5% of the population, have had at least one injection. Almost 160 million people, or 48% of the population, are fully vaccinated.

Fauci also told CNBC on Tuesday that he would be “amazed” if Pfizer, Moderna and J & J’s coronavirus vaccines don’t get full approval from US drug regulators. These three vaccines are the only ones approved by the FDA in the United States, and they were approved for emergency approval.

Categories
Business

A Graying China Could Should Put Off Retirement. Staff Aren’t Completely happy.

Retirement cannot come soon enough for Meng Shan, a 48-year-old city administrator in the Chinese city of Nanchang.

Mr. Meng, who equates to a lowly, unarmed law enforcement officer, is often forced to hunt down unlicensed street vendors, a job he finds physically and emotionally demanding. The pay is low. Retirement, even with a meager state pension, would finally be a break.

As a result, Mr. Meng was dismayed when the Chinese government said it would raise the mandatory retirement age, which is currently 60 for men. He wondered how much longer his body could handle the job and whether his employer would fire him before he was eligible for a pension.

“To tell the truth,” he said of the government’s announcement, “this is extremely unfriendly to us low-ranking workers.”

China said last month that it will “gradually delay” the statutory retirement age over the next five years to address one of the country’s most pressing problems. The rapidly aging population means a decline in the workforce. State pension funds run the risk of becoming scarce. And China has some of the lowest retirement ages in the world: 50 for women workers, 55 for white-collar workers, and 60 for most men.

However, the idea is deeply unpopular. The government has not yet released details of its plan, but older workers have already stated that they have been cheated of their promised deadlines, while young people fear the already fierce competition for jobs will intensify.

And workers with manual labor or physically demanding jobs like Mr. Meng’s, who still make up the majority of the Chinese workforce, say they will be worn out, unemployed, or both.

The announcement came during the national legislature’s annual session, and afterwards, retirement-related topics were covered for days on Chinese social media, generating hundreds of millions of views and critical comments.

Around the world, raising the retirement age has proven to be one of the toughest challenges a government can face. Russia’s attempt to do so in 2018 resulted in the lowest approval ratings for President Vladimir V. Putin in years. Mr Putin finally pushed the plan through but made concessions, a rare move for him.

A pension reform plan in France sparked a lengthy transport strike last year and forced the government to postpone the proposal.

The Chinese government itself, in the face of a similar outcry, abandoned previous efforts to raise the retirement age in 2015.

This time it seems determined to hold on. But it also recognized the game. Officials seem cautious, leaving the details vague for now, but suggest that the threshold be raised by just a few months each year.

“They talked about it a long time,” said Albert Francis Park, an economics professor at Hong Kong University of Science and Technology who studied China’s pension system. “You really need to exercise some determination to get it through.”

China has been plunging into a retirement age crisis for years. The current standards were set in the 1950s when the average person was expected to only live in their early 40s.

However, with the country’s rapid modernization, life expectancy has reached almost 77 years, according to the World Bank. The birth rates have also fallen, so that China’s population is clearly top-heavy. According to the government, more than 300 million people, roughly a fifth of the population, are expected to be over 60 years old by 2025.

The result is what experts call a serious threat to continued economic growth and competitiveness in China. In Japan and many European countries, residents aged 65 and over are entitled to a pension. At a recent press conference, You Jun, Deputy Minister for Human Resources and Social Security, said that China is risking “a waste of human resources.”

In business today

Updated

April 26, 2021, 6:10 p.m. ET

The backlash has highlighted a number of other concerns in Chinese society on issues such as job security, social safety net and income inequality.

The hypercompetitive environment that defines many employees in China is already weighing on Naomi Chen, a 29-year-old financial analyst in Shanghai. She has often spoken to friends about her desire to retire early to escape the pressures, even if it means living more modestly.

The government’s announcement only confirmed this wish. China is already struggling to create enough well-paid employees for its emerging ranks of university graduates. With fewer retirees, Ms. Chen feared, she would work just as hard, but with less prospect of a payoff.

“Getting promoted is definitely going to be slower because people above me don’t retire,” she said.

In reality, older workers can suffer more. China has modernized so rapidly that they tend to be much less skilled or educated than their younger counterparts, which some employers are reluctant to keep, Professor Park said. In several industries, including the technology industry, 35 is considered the age limit to be hired.

Delaying retirement can also undermine another important government priority: encouraging couples to have more children in order to slow the aging of the population.

Partly due to insufficient childcare resources, the vast majority of Chinese depend on grandparents to be the primary caregivers of their children. Now social media users are wondering what will happen if the older generation is still working.

Lu Xia, 26, said the prospect of retiring later made it impossible to consider a second child. After all, having more children would mean having more grandchildren to look after, even if she was expected to keep working.

“Given our late retirement, it’s hard to imagine what we can expect as grandparents,” said Ms. Lu, who lives in Yangquan City, southwest of Beijing.

If China doesn’t increase childcare support, new parents can leave the workforce or postpone childbirth until their parents retire, exacerbating labor shortages, said Feng Jin, an economist at Fudan University, a government-sponsored labor magazine .

However, experts claim that the cost of inaction would be too high. A 2019 report by the Chinese Academy of Social Sciences predicted that the country’s main pension fund would expire by 2035, in part due to the dwindling workforce.

This has alarmed some young people who are wondering where their own pensions are coming from if nothing changes.

“I think that’s pretty fair,” said Wang Guohua, a 29-year-old blogger in Hebei Province, of the retirement age postponement. “If people are still alive but there is no more money, this has an impact on social stability.”

Mr. Wang added that he hadn’t seen the excitement of retiring at 60 given the increase in life expectancy: “You will have nothing to do.”

In fact, Bian Jianfu, who recently resigned from his job as a manager at a state-owned company in Sichuan Province, said he would not have minded working a few more years. His pension would also have increased.

Mr. Bian receives about $ 1,000 a month, more than double the average for urban retirees. He praised the government for consistently increasing pension payments over the past decade, although some experts have recognized the burden it has put on the system. “The Chinese government treats retirees very well,” he said.

However, this security is unevenly distributed and is likely to remain so even if the government backs up its pension funds.

Mr. Meng, the city administrator, receives approximately $ 460 a month, one-tenth of which is paid for retirement and basic insurance funds. When he finally retires, he expects to be pulling out $ 120 to $ 150 a month.

He admitted it was barely enough to make a living from. But he said he could do it – even if he was now increasingly unsure of when the date would come.

“I can only hold on,” said Meng. “Hold on until I’m the right age.”

Categories
Entertainment

Olivia Rodrigo and ‘Drivers License’ Aren’t Going Anyplace

At the end of the first month of 2021, there is already a real pop phenomenon this year that comes out of nowhere: Olivia Rodrigo’s “Drivers License”, which exceeded the Billboard Hot 100 for two weeks and has become one of the days Most of the songs streamed every day in recent years.

Rodrigo is a star on the Disney + series “High School Musical: The Musical: The Series,” and “Drivers License” is their debut single, released outside the context of the show itself. It’s a shrewd legacy from Taylor Swift, Lorde, and Alessia Cara, among others. The song has also become a vector for gossip about young celebrities – it was followed by new songs from Rodrigo’s co-star and rumored ex Joshua Bassett and an older Disney star he’s been linked to, Sabrina Carpenter.

On this week’s Popcast, a conversation about the long arc of the Disney pop machine, how young women turn inward in pop, and how long it really takes for someone to experience a sudden burst of success.

Categories
Business

GameStop shares soar once more, however quick sellers aren’t backing down

Ramin Talaie | Bloomberg | Getty Images

GameStop is resurfacing after a wild session, pushing the stock back above $ 100, but short sellers betting against the brick and mortar video game dealer are far from easing.

GameStop’s shares rose more than 50% on Tuesday to a high of $ 124.58. The stock rose sharply after Social Capital’s Chamath Palihapitiya said in a tweet that he bought GameStop call options and bet that the stock will go higher. Trading was suspended several times due to the volatility.

GameStop surged more than 400% in January alone when an army of retail investors took on short sellers in online chat rooms, encouraging each other to stack up and push the stock higher. Short sellers have lost more than $ 5 billion in market value year-to-date, including a loss of $ 917 million on Monday and $ 1.6 billion on Friday, according to S3 Partners.

Despite the massive shortages, short sellers are doubling their bearish bets. In the past 30 days, GameStop stock borrowed and sold rose 1.4 million shares, valued at $ 91 million. This corresponds to an increase of 2%, as the share price has more than doubled, according to S3 Partners.

Short sellers have also reloaded bets in the past seven days, with short selling stocks up 769,000, valued at $ 50 million. GameStop’s interest in shorts is unchanged from a week ago at 139%.

“Similar to the Revolutionary War, the first line of troops is drowning in a shower of musket fire, but is being replaced by the next troops,” said Ihor Dusaniwsky, S3 managing director for predictive analytics, in an email. “We’re seeing a short squeeze on older shorts that have suffered massive mark-to-market losses on their positions, but are seeing new shorts.”

“This keeps the short positions in GME stock relatively flat overall, although there is a significant short squeeze on a significant number of existing short sellers,” added Dusaniwsky.

The explosive rally in GameStop was mainly due to the buying frenzy of individual investors in online forums, especially the notorious Reddit chat room “wallstreetbets” with more than 2 million subscribers. A trend post on Tuesday includes a screenshot of the user portfolio showing a return of over 1,000% on GameStop stock.

GameStop had a roller coaster ride on Monday, during which the stock more than doubled and turned negative within a few hours. The stock closed 18% on Monday at $ 76.79.

“The flow of orders in retail in Options is accelerating the short squeeze,” said CC Lagator of Options AI. “The call buyers are essentially leveraging the market makers’ hedges. As stocks go up, more stocks are bought to cover the increase in short deltas. This is market inefficiency and eventually ends when those who sell the calls , are over-hedged for a share that no longer rises and then actually has to sell shares in order to remain delta-neutral. “

The hedge fund Melvin Capital Management, which is short on GameStop, is down 30% through Friday this year, according to The Wall Street Journal.

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Categories
Health

WHO says Covid vaccines aren’t ‘silver bullets’ and relying totally on them has harm nations

On January 13, 2021, employees are storing coffins in the mourning hall of the crematorium in Meißen (East Germany), some of which are marked with “risk of infection” while others are scrawled in chalk, amid the new pandemic of the coronavirus COVID-19. Cremation.

Jens Schlueter | AFP | Getty Images

The World Health Organization said Friday that coronavirus vaccines are not “silver bullets” and that it has harmed nations to rely on them solely to fight the pandemic.

Some countries in Europe, Africa and America are seeing an increase in Covid-19 cases “because we are not generally able to break the chains of transmission at the community level or in households,” said WHO Director General Tedros Adhanom Ghebreyesus during a message Conference from the agency’s headquarters in Geneva.

With 2 million deaths around the world and the spread of new virus variants in multiple countries, world leaders must do whatever it takes to contain infection “through best public health measures,” Tedros said. “There is only one way out of this storm and that is to share the tools we have and to use them together.”

The coronavirus has infected more than 93.3 million people worldwide and killed at least 2 million people since the pandemic began about a year ago. This is based on data compiled by Johns Hopkins University. The virus continues to accelerate in some regions, and countries are reporting that their oxygen supplies are “dangerously low” for Covid-19 patients, the WHO said.

Some countries, including the US, have focused heavily on the use of vaccines to control their outbreaks. While vaccines are a useful tool, they won’t end the pandemic on their own, Mike Ryan, executive director of the WHO’s health emergencies program, told the news conference.

“We warned in 2020 that if we were to rely solely on vaccines as the only solution, we could lose the very controlled measures that were available to us at the time. And I think so to some extent is the case, “said Ryan. The addition of the colder seasons and recent holidays may also have played a role in spreading the virus.

“Much of the transmission has happened because we are reducing our physical distance … We are not breaking the chains of transmission. The virus is taking advantage of our lack of tactical commitment,” he added. “We’re not doing as well as we could.”

Dr. Bruce Aylward, a senior adviser to the WHO Director General, echoed Ryan’s comments, saying vaccines are not “silver bullets”.

“It can get worse, the numbers can go up,” he said. We have vaccines, yes. However, we have limited stocks of vaccines that are slowly being introduced around the world. And vaccines aren’t perfect. They don’t protect everyone from every situation. “

In the United States, the vaccination rate is slower than officials hoped. More than 31.1 million doses of vaccine had been distributed in the U.S. as of 6 a.m. ET Friday, but just over 12.2 million vaccinations had been given, according to the Centers for Disease Control and Prevention.

The cases are now increasing rapidly. The United States records at least 238,800 new Covid-19 cases and at least 3,310 virus-related deaths every day, based on a 7-day average calculated by CNBC using Johns Hopkins data.

On Thursday President-elect Joe Biden unveiled a comprehensive plan to combat the coronavirus pandemic in the United States. While his government will invest billions in a vaccine campaign, it will, among other things, expand testing, invest in new treatments, and work to identify new strains.