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Health

New York declares polio state of emergency to spice up vaccination charges

New York Gov. Kathy Hochul on Friday declared a state of emergency for polio in a bid to boost immunization rates in the state amid more evidence the virus is spreading in communities.

The poliovirus has now been detected in sewage samples from four counties in the New York metropolitan area, as well as in the city itself. The counties are Rockland, Orange, Sullivan and the newest Nassau.

According to state health officials, the samples tested positive for the poliovirus, which can cause paralysis in humans. Unvaccinated individuals who live, work, go to school or attend school in Orange, Rockland, Nassau, New York City and Sullivan are at the highest risk for paralysis, officials said.

New York began sanitation monitoring after an unvaccinated adult contracted polio and became paralyzed in Rockland County in July, the first known infection in the United States in nearly a decade.

The emergency declaration will expand the network of vaccine administrators to include pharmacists, midwives and emergency responders to increase vaccination coverage in areas where it has slipped.

New York Health Commissioner Dr. Mary Bassett called on unvaccinated people to get vaccinated immediately. Individuals and families who are unsure of their immunization status should contact a health care provider, clinic, or the county health department to make sure they are up to date on their immunizations.

“With polio, we just can’t play the dice,” Bassett said. “I urge New Yorkers not to take any chances at all. The polio vaccine is safe and effective – it protects almost all people from the disease who get the recommended doses.”

Polio vaccination coverage is appallingly low in some New York boroughs. The vaccination rate is 60% in Rockland, 58% in Orange, 62% in Sullivan and 79% in Nassau, according to the Health Department. The national average for polio vaccination is about 79%.

According to the health department, the aim of the vaccination campaign is to significantly increase the vaccination coverage nationwide to over 90%.

Some New Yorkers should be cheered up

Some New Yorkers who have completed their vaccination series should receive a single lifetime booster shot, health officials said. These people include people who may have been in contact with a person who is infected or suspected to be infected with poliovirus, or members of the infected person’s household.

Health care workers should also get a booster shot if they work in areas where poliovirus has been detected and they may be handling samples or treating patients who may have polio. People who may be exposed to sewage as a result of their jobs should also consider a booster, health officials said.

All children should receive four doses of the polio vaccine. The first dose is given between 6 weeks and 2 months of age, the second dose at 4 months of age, the third at 6 to 18 months of age and the fourth dose at 4 to 6 years of age.

Adults who have only received one or two doses should receive the remaining one or two. Health officials said it didn’t matter how long it had been since the first doses.

How the polio virus spreads

Polio spreads between people when the virus enters the mouth, typically through hands contaminated with an infected person’s stool. The virus often spreads unnoticed, as 70% of those infected show no symptoms. About 25% of those infected develop mild flu-like symptoms.

One in 100 infected people develops a serious illness such as permanent paralysis. Polio is fatal in 2% to 10% of people with paralysis because the muscles used to breathe are immobilized.

The chain of transmission that brought polio to New York is believed to have originated from someone overseas who received the oral polio vaccine. The oral vaccine uses a weakened form of the virus that still replicates. In rare cases, the virus used in the vaccine can mutate, become virulent and spread to others.

The US stopped using the oral vaccine more than two decades ago. It now uses a vaccine that’s given as a shot, which inactivates the virus, meaning it doesn’t replicate and mutate. Although this vaccine is very effective at preventing disease, it does not block transmission of the virus.

The oral polio vaccine can block the transmission of the naturally occurring poliovirus, but carries the risk that the strain used in the vaccine will mutate and become virulent, leading to the spread of the so-called vaccine-derived poliovirus.

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Politics

Biden indicators order to crack down on Huge Tech, enhance competitors ‘throughout the board’

President Joe Biden signed a new executive order on Friday aimed at tackling anti-competitive practices in big tech, labor and numerous other sectors.

“Capitalism without competition is not capitalism. It’s exploitation, “Biden said in a speech ahead of the signing of the directive in the White House.

The comprehensive arrangement, which includes 72 measures and recommendations involving more than a dozen federal agencies, is intended to reshape thinking around corporate consolidation and antitrust laws, according to a White House leaflet.

These broad goals and initiatives include:

  • Call on the Federal Trade Commission to “question previous bad mergers” that previous governments let slip
  • Urging the FTC to ban restrictions on professional admission on the grounds that they “impede economic mobility”
  • Encourage the FTC to prohibit or restrict non-compete agreements
  • Encouraging the Federal Communications Commission to restore “net neutrality” rules that were reversed during the Trump administration
  • Request to the FCC to block exclusive contracts between landlords and broadband providers
  • Lowering prescription drug prices by helping government and indigenous efforts to import cheaper drugs from Canada
  • Allow hearing aids to be sold over-the-counter
  • Establishment of a “White House Competition Council” to guide the federal response to the growing economic power of large corporations

“The impetus for this executive order is really where we can encourage more competition across the board,” said White House chief economic adviser Brian Deese, Ylan Mui of CNBC in an exclusive interview aired early Friday morning.

Through its technology-related measures, the Biden order aims to ensure that the largest companies in the industry wield their power to crowd out smaller competitors and exploit consumers’ personal information.

The regulation calls on regulators to undertake a number of reforms, including increased scrutiny over technology mergers and a greater focus on maneuvers like “killer acquisitions” where companies buy smaller brands to take them off the market.

The tightened grip of the technology giants has led to a decline in innovation, Deese told Mui.

These platforms have “caused significant problems,” Deese said. These include “privacy and security issues for users” and “small business entry issues,” he said.

The executive order “is not just about monopolies,” said Deese, “but about consolidation in general and the lack of competition when you have a limited number of market participants.”

He noted that some research suggests that wages are lower in more concentrated markets dominated by only a handful of companies. A White House factsheet cites a May 2020 Journal of Human Resources paper that based on data from CareerBuilder.com, it found that market consolidation points to a double-digit percentage decline in wages.

The order was announced just weeks after the House Judiciary Committee voted for six antitrust laws to reinvigorate competition in the technology sector.

The draft laws that would make it more difficult for dominant companies to complete mergers and forbid certain common business models for such companies have been significantly pushed back by those concerned that they will not go far enough or have unintended side effects.

In late June, a judge dismissed complaints from the Federal Trade Commission and a group of attorneys-general alleging that Facebook illegally maintained monopoly power.

Biden’s executive order also calls on the FTC to enact new rules for Big Tech’s data collection and user monitoring practices, and calls on the agency to ban certain unfair competition practices in internet marketplaces.

The arrangement could provide some relief to small and medium-sized businesses that have complained about the alleged crippling grip of tech companies like Amazon, Apple, Facebook and Google on the digital markets.

Biden’s executive ordinance does not unilaterally impose its will on big tech companies, but instead often calls on independent agencies to take action.

But the new FTC chairman, Lina Khan, a Biden-appointed person who, at 32, was the youngest person to ever hold that role when she was sworn in last month, already has a reputation for being a vocal advocate of reform and empowerment Developed regulations for technology giants.

Amazon is demanding that Khan be excluded from ongoing investigations into his business, arguing that it lacks impartiality and that it has repeatedly said the company is “guilty of antitrust violations and should be liquidated.”

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WATCH: How US Antitrust Law Works and What It Means for Big Tech

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World News

TSMC, SMIC, UMC see gross sales enhance as chip scarcity rages

Memory chips are seen on a Samsung Electronics memory module in this arranged photograph in Seoul, South Korea, on Thursday, July 26, 2018.

SeongJoon Cho | Bloomberg | Getty Images

The world’s 10 biggest chip manufacturing companies saw their revenues surge to a record high in the first quarter of 2021, according to market research firm TrendForce.

The combined quarterly total revenue of the chipmakers, known as foundries, rose to a record high of $22.75 billion in the first quarter, according to a TrendForce blog published Monday.

Chips are used in everything from cars and games consoles, to washing machines and toothbrushes. They form part of the life blood of the global economy and are vital to many of the world’s biggest industries. But they’re also in short supply —  and the shortage could last until 2023.

“Owing to soaring demands for various end devices, manufacturers have been ramping up their component procurement activities, and foundry capacities, as a result, have been in shortage since 2020, with various foundries raising their wafer prices and adjusting their product mixes to ensure profitability,” TrendForce analyst Joanne Chiao wrote.

Around 57% of the world’s chip foundry revenues in the last quarter were generated by one Taiwanese chipmaker: TSMC, or the Taiwan Semiconductor Manufacturing Corporation.

The Taipei-headquartered firm saw its revenue climb to $12.9 billion in the first quarter, up 2% on the first quarter of 2021, according to TrendForce, which analyzed how well each of the company’s various chips sold.

The U.S. and the European Union have said they want to be more self-reliant when it comes to semiconductors as the vast majority of the world’s chips are made in Asia.

TSMC chips

TSMC’s 7, 12 and 16 nanometer (nm) chips are the company’s main revenue drivers, according to TrendForce.

“The revenue from the 7nm foundry service has kept climbing at a stable pace thanks to orders from AMD, MediaTek, and Qualcomm,” Chiao said, adding that sales are up 23% on the last quarter.

Meanwhile, revenue for 12nm and 16nm chips has “grown on account of the demand related to MediaTek’s 5G RF (radio frequency) transceivers and Bitmain’s cryptocurrency mining machines,” TrendForce added, highlighting how sales are up almost 10% on the last quarter.

However, sales of TSMC’s smallest and most innovative 5nm chips actually saw a quarterly decrease, Chiao said, adding that the main reason is because Apple (TSMC’s largest 5nm client) “entered the off-season for device production.”

Storm hurts Samsung

Elsewhere, South Korean chip giant Samsung saw its foundry revenue drop 2% on the last quarter to $4.1 billion.

Chiao said that’s partly because a freak winter storm in February in Texas caused power outages in Austin and forced Samsung to temporarily stop producing chips at one of its plants in the state.

Elsewhere, Taiwan’s United Microelectronics Corporation saw its quarterly revenues climb 5% quarter on quarter to $1.6 billion, while China’s SMIC saw its climb 15% to $1.1 billion.

TrendForce expects the chip foundries to see further revenue growth as the prices of the chip wafers they produce continue to rise and demand persists.

It said the quarterly total revenue of the top 10 foundries will “once again reach a historical high” by undergoing a 1-3% increase quarter-on-quarter for the second quarter of 2021.

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Business

Biden finances would give CDC greatest funding increase in practically 20 years

President Joe Biden and Vice President Kamala Harris receive an update on the fight against the coronavirus disease (COVID-19) pandemic as they visit the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia, U.S., March 19, 2021.

Carlos Barria | Reuters

President Joe Biden’s first budget proposal would give the largest funding boost in nearly two decades to the agency most closely tracking the coronavirus pandemic, his administration said Friday.

The budget blueprint for fiscal 2022 would include $8.7 billion in discretionary funding for the Centers for Disease Control and Prevention, according to budget documents shared by the Office of Management and Budget.

The agency said that budget bump would build on the CDC investments doled out in the American Rescue Plan, the $1.9 trillion Covid relief plan that Biden signed into law in March.

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The new funding would be used to “support core public health capacity improvements in States and Territories, modernize public health data collection nationwide, train new epidemiologists and other public health experts, and rebuild international capacity to detect, prepare for, and respond to emerging global threats,” the OMB said.

While the CDC funding request is a big increase from recent years, it comprises just a small slice of Biden’s $6 trillion budget proposal for 2022. The request wraps in funding for a double-barreled, multitrillion-dollar economic overhaul plan that the president unveiled earlier this year.

More than 33 million Covid infections, and at least 593,466 deaths, have been reported in the U.S., according to data from Johns Hopkins University.

From before Covid was even officially labeled a pandemic, the CDC has issued guidance on how to slow or prevent the spread of the virus in different environments, from summer camps to nursing homes. The agency has now issued and updated more than 200 guidance documents, its website shows.

But the budget proposal would go beyond funding the agency’s disease-focused work.

The budget materials say $153 million would be allocated for the CDC’s Social Determinants of Health program to work on “improving health equity and data collection for racial and ethnic populations.”

The government would also provide $100 million for the CDC’s Climate and Health program as part of a $1.2 billion investment in strengthening resilience to wildfires, floods, droughts and other climate-related disasters.

The budget request for the Health and Human Services Department would double firearm violence prevention research at the CDC and the National Institutes of Health.

Overall, HHS is requesting $133.7 billion in discretionary funding — a $25.3 billion, or 23.4%, bump from the enacted budget of fiscal 2021.

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Politics

Texas Gov. Abbott defends resolution to finish Covid unemployment enhance

Texas governor Greg Abbott on Friday defended his decision to end the state’s unemployment surge after thousands of people signed a petition urging the Republican official to reverse his step.

“We have the demand for a workforce that people can return to work and the numbers in our state are safe enough for people to return to work,” Abbott said on CNBC’s Squawk on the Street.

“It’s time for America to get back to work,” said the Republican governor.

Abbott announced earlier this month that effective June 26, the state would reject the federally signed federal unemployment assistance programs in an effort to ease the economic burden of the Covid-19 pandemic.

These programs included a weekly $ 300 supplement to state unemployment benefits. At least 23 states have restricted use of federal unemployment programs.

Abbott said he had “the math behind this reasoning”.

“We have more vacancies than people in unemployment insurance, according to the Texas Workforce Commission. In addition, 18% of jobless claims submitted have been found to be fraudulent,” Abbott said.

A majority of Americans support the state’s efforts to end the rise in unemployment at the federal level, a recent Quinnipiac University poll found.

In Texas, the decision has caused some setbacks among those who say stopping the extra help will cause more pain to those already suffering. A petition asking Abbott to reverse his move has received approximately 8,000 signatures.

Abbott said Friday that ending the federal boost was critical to opening the state fully.

“The biggest challenge I hear from employers is that Texas is 100% open, employers are trying to hire, but restaurants and shops and other types of businesses can’t open as much as they want because they can’t win Access to the staff who need to open them, “he said.

“One of the biggest challenges is making sure employers can get workers there so we can truly be a fully open economy,” said Abbott.

Economists are unsure whether the rise in federal unemployment is causing potential workers to remain unemployed longer.

A working paper released earlier this month by the Federal Reserve Bank of San Francisco suggested that the $ 300 increase could have little impact on job seekers’ willingness to take up jobs.

President Joe Biden, a Democrat, said he doesn’t think the $ 300 surge is causing individuals to turn down jobs.

“Americans want to work,” he said earlier this month.

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Politics

Biden price range contains spending plans, enhance in well being, training funds

WASHINGTON — President Joe Biden released his fiscal year 2022 budget request to Congress on Friday, the first formal budget of his presidency and a sharp departure from his predecessor Donald Trump. 

Biden’s budget incorporates his two signature domestic proposals, the American Families Plan and the American Jobs Plan, neither of which has been seriously debated by Congress yet. 

It also illustrates how different Biden’s priorities are from Trump’s. For example, it requests an increase of 41% for the Department of Education over last year, plus 23% more for the Department of Health and Human Services, and 22% more for the Environmental Protection Agency. 

Funding for the Department of Homeland Security, which carried out Trump’s aggressive immigration policies, would decrease by a tenth of a percent. Another Trump priority, the Department of Defense, would see an increase in funding of just 2%. 

On a personal level, Biden views his budget as a reflection of his values. He often quotes his own father as having said, “Don’t tell me what you value. Show me your budget, and I’ll tell you what you value.”

The topline budget request for 2022 is $6 trillion. But of this, only $300 billion is new spending requested for next year. Instead, as in every presidential budget, the vast majority of the money in it will be spent on programs the government is obligated by law to fund, such as Medicare, Social Security and interest on the national debt. 

All told, around $1.5 trillion was requested for discretionary items in FY 2022, which includes the funding of all federal agencies. Approximately half of that is already marked for the Defense Department.

On the pay-for side, Biden’s budget incorporates a wide variety of changes to the tax code that the White House says can fund his multitrillion-dollar domestic spending plans. Chief among these are an increase in the corporate tax rate from 21% to 28%, as well as increased IRS enforcement and higher taxes on the wealthiest taxpayers. 

The tax changes also include a set of “Made in America” tax changes that penalize U.S. companies for offshoring jobs, especially to make goods that are then sold back to American consumers. 

As with most presidential budgets, the White House relies on optimistic projections of unemployment rates and GDP growth to argue that the expensive spending plans will pay for themselves in increased growth.

Unemployment, the White House projects, will fall to 4.7% by the end of the year, 4.1% in 2022 and 3.8% the following year. After that, it projects unemployment will remain at 3.8% for the ensuing seven years.

Biden’s budget also projects that inflation will reach no more than 2.3% annually over the next 10 years, reflecting the administration’s belief that concerns among some economists about runaway inflation are overblown.

Speaking to reporters prior to the release of the plan Friday, Cecilia Rouse, the chair of Biden’s Council of Economic Advisers, said that historically low interest rates make now an ideal time for the federal government to take on additional debt to modernize the economy and expand the social safety net. 

Shalanda Young, the acting director of OMB, said interest rates will rise slightly over time, but she believes they will remain comparatively low thanks to “a global, persistent phenomenon” of lower interest.

The White House projects that over time, Biden’s proposals would increase productivity and consumer spending enough to pay for themselves and eventually decrease the deficit in 15 years. 

Biden’s budget has already come under scrutiny from some progressives, who note that it does not include a health-care public option, which was one of Biden’s campaign pledges. 

White House officials said Biden would instead look to Congress to help him create a public option and to pass a bill that permits Medicare to negotiate with pharmaceutical companies on drug prices. 

Like all presidential budgets, Biden’s is one part plan and one part wish list, intended to illustrate the president’s policy priorities as much as it is to inform congressional appropriators.

Dependent upon Congress to actually get passed into law, Biden’s budget will likely be altered in ways big and small before it is finally appropriated by Congress. But with Democrats in control of both chambers this year, Biden has a far better chance of seeing his major priorities reflected in the final outcome than most of his recent predecessors did.

In a statement accompanying the release of the budget, the president said the document is “a budget for what our economy can be, who our economy can serve, and how we can build it back better by putting the needs, goals, ingenuity, and strength of the American people front and center.”

You can read the president’s entire budget here.

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Business

Ford to Enhance Spending on E.V.s to $30 Billion

Ford Motor said on Wednesday that it would increase spending on electric vehicles by about a third from its previous plans and expects E.V.s to make up 40 percent of its production by 2030, a big increase in its commitment to the electrification of cars and trucks.

The company intends to spend $30 billion in the five years ending in 2025, up from the previous target of $22 billion. It also said it had accepted 70,000 reservations for the F-150 Lightning, the electric version of its top-selling pickup truck.

“This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T,” Ford’s chief executive, Jim Farley, said in a statement.

Ford has gone from being a relative latecomer to battery-powered vehicles to making them a central focus. The company recently started delivering an electric sport utility vehicle, the Mustang Mach-E, that has sold well and been praised by car reviewers. The model also appears to have taken market share from Tesla, which until recently dominated the electric car market. Last week, Ford introduced the F-150 Lightning, and President Biden drove the truck at a company track in Michigan and praised its rapid acceleration.

The increase in spending reflects new investments in better technology and production. Last week, Ford said it would form a joint venture with a South Korean company, SK Innovation, to manufacture battery cells at two plants in the United States for future Ford and Lincoln vehicles.

Ford’s stock was up nearly 5 percent Wednesday morning after the company’s electric vehicle announcements.

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Business

Commerce secretary assured U.S. can enhance semiconductor manufacturing

Trade Minister Gina Raimondo on Tuesday expressed confidence in the efforts of the Biden government to increase semiconductor manufacturing in the United States

In an interview with CNBC’s Mad Money, Raimondo said the global chip scarcity that has rocked a number of industries shows the need for America to increase domestic manufacturing capacity and become a leader again. Asian countries, especially Taiwan, dominate the industry.

“We’ll make it. There’s no option,” Raimondo told host Jim Cramer. “When the semiconductor supply chain is disrupted, the economy is disrupted.”

“They are in your dishwasher, your car, your computer, your headset, your phone and your military equipment. So, yes, we will do it,” she added, describing it as an economic and national safety imperative.

Senate Majority Leader Chuck Schumer, DN.Y, put together the U.S. Innovation and Competition Act of 2021, which, among other things, aims to provide $ 52 billion to support semiconductor manufacturing in the country.

While Democrats and Republicans still have disagreements over certain parts of the bill, there is bipartisan support for addressing the issues it addresses.

Raimondo said she hopes it passes the upper chamber “in the coming days,” offering an optimistic timeline similar to Schumer. “That can’t wait,” said Raimondo, who served as governor of Rhode Island before heading the commercial division.

“This requires an emergency appropriation … and I believe Congress has the will to do it,” she added.

Raimondo also addressed the possible infrastructure proposal that a group of Senate Republicans would like to offer as an antidote to President Joe Biden’s plan. Raimondo participated in some negotiations in Washington.

“I don’t know what’s on the deal. We’ll have to see if it’s real, but the fact that we’re still talking and they may come back with a $ 1 trillion deal is certainly progress.” said she said.

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Politics

After Colonial Pipeline hack, all organizations want to spice up cyber defenses

Storage tanks at a Colonial Pipeline Inc. facility in Avenel, New Jersey on Wednesday, May 12, 2021.

Mark Kauzlarich | Bloomberg | Getty Images

The recent ransomware attack on Colonial Pipeline was an all-too-familiar story for businesses in the United States.

The pipeline, which supplies around 50 million people from the Gulf Coast to the entire east coast with fuel, was closed last Friday as a precautionary measure after a ransomware attack. The company and the US government are continuing to investigate the extent of the impact.

In the past few months, ransomware attacks have hit businesses of all sizes and hospitals in New York, Nebraska, Oregon, and Michigan, among others. Police and sheriff offices, schools, and local governments, from Atlanta to Baltimore to Fisher County, Texas, have suffered a similar fate.

A recent report from the Ransomware Task Force, a group of 60 cybersecurity experts from industry and government, highlights both the alarming increase in the frequency of these attacks and the size of the ransom they are asking for.

It is estimated that $ 350 million in ransom was paid to attackers in 2020 – an increase of more than 300 percent from the previous year – with an average payment of over $ 300,000.

According to a 2021 report, most of the industrial casualties in 2020 were in manufacturing, professional and legal services, and construction. Healthcare, manufacturing, and education companies saw significant increases. Attacks on industries like aerospace also seem to be increasing.

Organizations affected by ransomware are often faced with a very difficult decision: either have to pay a ransom and fuel a criminal market, or refuse to pay and hope that their computer systems can be restored.

If companies decide to pay the ransom to get back up and running quickly, the price can bring their business to the brink of bankruptcy. In addition, there is no guarantee that their systems will be restored.

In short, businesses in every sector and size need to take this threat seriously and take steps today to protect themselves. By the time you face an attack, it will be too late to take proactive action.

Organizations can also lose access to their protected information, including intellectual property, customer and employee data, and suffer reputational costs.

Protecting the American people and businesses from ransomware must be a top priority as a nation. We can no longer look the other way and simply treat ransomware as a nuisance. This latest attack should serve as a reminder to organizations across the country to step up their cyber defenses and stay one step ahead of future threats.

Like most cyber attacks, ransomware exploits the weakest link. Small businesses are particularly at risk as many of them are financially vulnerable and lack the resources to install cybersecurity software, ensure constant technology monitoring, provide staff training, and hire full-time information technology professionals.

It’s no surprise that small businesses make up half to three-quarters of all ransomware victims. And when these companies become targets, it can have devastating and lasting effects, forcing some to permanently close their doors.

In short, businesses in every sector and size need to take this threat seriously and take steps today to protect themselves. By the time you face an attack, it will be too late to take proactive action.

The good news is that you don’t have to do it alone and there are affordable solutions for every budget. That’s why the departments of Homeland Security and Commerce are working together to help businesses prevent and respond to ransomware attacks.

A few simple but important steps can go a long way in protecting against this category of malicious cyber activity. Our two departments strive to work with companies and their CEOs.

The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) is well positioned to help organizations take preventative measures to increase resilience before an attack occurs.

CISA recently launched its “Reduce Your Risk of Ransomware” campaign of free public guidance and resources to help companies prepare for these attacks and assess the strength of their company’s cyber stance.

Practical guide

The CISA website also links to the practical guidance from the Department of Commerce’s National Institute of Standards and Technology (NIST), which draws on its in-depth economic and technical expertise. The National Cyber ​​Investigative Joint Task Force has also provided guidance on how to respond to a ransomware attack.

Improving basic cybersecurity hygiene to prevent ransomware is important, but only part of the solution. The Biden Harris Administration coordinates a strategy across government to increase resilience, disrupt and investigate ransomware networks, and bring perpetrators to justice.

However, the federal government cannot fight ransomware on its own. Prevention, disruption and law enforcement require cooperation at all levels of government and in the private sector – both domestically and internationally.

Our departments will continue to advocate a comprehensive approach to combating ransomware to keep our communities safe. The requirements of malicious ransomware attacks require nothing less.

In the coming weeks, we will be stepping up our departments’ relationships with the private sector and exploring new initiatives to support businesses, healthcare systems and local governments. These public-private partnerships will continue to protect our businesses, our economy, and our national security.

Alejandro N. Mayorkas is the US Secretary of Homeland Security and Gina M. Raimondo is the US Secretary of Commerce.

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Business

Disneyland, Common Studios openings to spice up Principal Road companies

Disneyland and Universal theme parks will reopen.

Paul Rovere | Getty Images

March was the best month for Michael Afram’s transportation company since closing California last year due to the pandemic. When the state eased some of its coronavirus restrictions and vaccination rates increased, the Carmel Shuttle Service began to recover.

“To give you an idea of ​​where we are, the revenue we booked for the entire month of March 2021 is one day in March 2020 before the shutdown,” said Afram. “So I think you can think of us as a thirtieth of where we need to go back.”

Before the pandemic, Afram made an average of 450 to 500 trips a day in the Los Angeles-San Diego area. A large percentage of his destinations were Disneyland, Universal Studios, and SeaWorld San Diego.

With California theme parks closed and air travel demand a fraction of 2019 demand, Afram’s business had massive financial success. With the reopening of Universal Studios on Friday and the opening of the gates through Disneyland on April 30th, companies like Afram’s are experiencing a small boom.

Full recovery will be slow, however, as these parks are being forced to limit their capacity and can only accommodate guests who are already resident in the state.

While bookings are strong in April and May, Afram doesn’t expect its business to fully recover until the second quarter of 2022.

“We survived the storm and see a light at the end of the tunnel,” he said. “Unfortunately, [we] saw and suffered so much destruction and despair on the way to get to this point. “

Around 50% of Afram’s business was in the Anaheim resort area, which is home to Disney’s two California parks and the Downtown Disney mall. His shuttle company traveled to local airports, hotels, theme parks, restaurants, and other local tourist destinations in the area.

The other 50% included Greater Orange County plus Los Angeles, where Universal Studios are located, and day trips to San Diego.

“The impact Disneyland and Universal Studios have on our local economies is important to all of our small businesses and the surrounding industries,” said Sharon Quirk-Silva, Democrat, who represents California’s 65th Congregation District, which includes northern Orange County belongs.

“There will no doubt be a surge in economic growth across Orange County when they reopen,” she said.

A slow and steady rebound

Direct travel-related spending in California was $ 145 billion in 2019, up 3.2% year over year, according to a report by Visit California, a tourism nonprofit.

In fact, residents of other states and countries accounted for 6 out of $ 10 spent locally in 2019.

In 2020, California tourism spending fell to $ 59 billion, just 41% of the previous year’s spending. The last time the state’s tourism spending was below $ 60 billion was in 1996.

The Los Angeles tourism and hospitality sector supports more than 600,000 direct and indirect jobs, said Lawren Markle, senior director of communications at Los Angeles County Economic Development Corporation.

“Of course, LA County’s 10 million residents support this sector and its jobs as we frequent our local theme parks and hospitality businesses,” he said. “And LA also welcomes approximately 50 million visitors a year, and their spending is also a big engine of economic activity.”

“We’re still well below pre-pandemic tourism levels, so we see the reopening of theme parks as a very public signal that things are getting back to normal in LA and that trips to Los Angeles are looking practical and enjoyable again,” he said .

For Roscoe’s Chicken and Waffles, a restaurant chain with seven locations in California, including one at Disneyland Resort, local restrictions forced the company to close its doors to indoor dining. It stayed afloat during the pandemic by offering take-away and delivery and because it owned the buildings where its restaurants are located.

Diane Vara, the company’s creative director, said the company was able to hit around 75% of what it did last year in 2019, but is looking forward to the influx of companies that comes with the opening of the theme parks and the state will go hand in hand.

Vara noted that Roscoe’s Inglewood location near Los Angeles International Airport often attracts travelers who come to business with luggage in tow right after their flight lands.

“This is great for us,” she said of the state reopening.

Pandemic pressure

Of course, Disney and Universal will also benefit from the reopening.

Last year’s shutdown resulted in Disney laying off tens of thousands of workers and limiting an important source of income for the media company. The Parks, Experiences, and Consumer Staples segment accounted for 37% of the company’s total revenue of $ 69.6 billion, or approximately $ 26.2 billion, in 2019.

A year later, revenue shrank to $ 16.5 billion, or roughly 25% of the company’s total revenue of $ 65.4 billion.

“That was probably one of the toughest things I personally had to do in my career,” said Josh D’Amaro, chairman of Disney’s Parks, Experiences and Consumer Products division, in an interview with CNBC last week about the layoffs. “I’m very passionate about the performers here. I think they’re the real reason people come to these parks.”

D’Amaro said the company will have called back more than 10,000 employees when the Disneyland Resort reopens in late April. At the beginning, Disney’s parks will be occupied by around 15%. Mask wear and social distancing are required for guests visiting the park.

At Universal, too, revenue from theme parks declined in 2020. The Comcast-owned company said that theme park revenue fell 68.9% to $ 1.8 billion last year as the pandemic forced the closure of its California park, as well as its Florida and Japan parks will only be reopened with a limited number of visitors.

When the California park reopens, Universal guests must also wear masks and adhere to social distancing guidelines.

Universal Studios officials declined to comment.

“During my visits to Downtown Disney … I heard many of our constituents feel safer in the theme parks than in their own grocery store,” Quirk-Silva said. “We have supported our efforts to reopen our theme parks with hand washing stations, temperature checks and helpful staff who ensure that our residents are safely distanced.”

Florida parks are thriving

If the Florida theme parks reopening are any signs of this, there is a lot of catching up to do.

Universal’s two parks, Islands of Adventure and Universal Studios, have consistently reached capacity limits in recent weeks, and Disney’s four theme parks – Magic Kingdom, Animal Kingdom, Hollywood Studios and Epcot – sell out days in advance.

Guests in the Wizarding World of Harry Potter as Universal Studios Hollywood welcome guests back to the theme park on Friday April 16 to experience the thrilling rides and attractions.

Al Seib | Los Angeles Times | Getty Images

To date, there have been no public reports linking Orlando parks to coronavirus outbreaks.

“We continue to deliver an amazing entertainment experience,” said Brian Roberts, Comcast chairman and CEO, during the company’s earnings statement in January. “And our guests are reacting, as our steadily increasing number of visitors and our latest financial results confirm.”

“What we’ve seen in this fourth quarter, particularly in Orlando, gives us even more confidence in the momentum our theme parks will experience when we achieve sustained recovery,” he said at the time.

While Florida Governor Ron DeSantis allowed theme parks to return to normal operations with limited protocols for physical distancing, Disney and Universal, among other things, continued to restrict participation and force the wear of masks.

California lawmakers are aiming for a broader reopening of the state in June. However, it is unclear how this will affect the capacity limits of the theme park. It also remains to be seen when California will allow non-residents to purchase tickets to its parks.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.