Categories
Politics

Home votes to drop Rep. Marjorie Taylor Greene from committee roles

The House voted Thursday to strip Rep. Marjorie Taylor Greene, R-Ga., From her committee duties as punishment for a laundry list of extreme views and conspiracy theories she advocated prior to taking office.

The vote was held by a margin of 230-199, with 11 Republican members on the side of the Democratic majority. No Democrats voted against the resolution.

The eleven Republicans who voted to remove Greene include: Rep. Brian Fitzpatrick (PA), Rep. Chris Jacobs (NY), Rep. Carlos A. Giménez (FL), Rep. John Katko (NY), Rep. Young Kim (CA.), Rep. Adam Kinzinger (IL), Rep. Nicole Malliotakis (NY), Rep. Maria Elvira Salazar (FL), Rep. Fred Upton (MI), Rep. Mario Díaz-Balart and Rep. Chris Smith (NJ) .

It was only hours after Greene stepped on the chamber floor to express regret over some of the marginal views she had spread, including the pro-Trump-QAnon conspiracy. She didn’t offer an apology.

Kevin McCarthy, Chairman of the Minority House, R-Calif., Had hoped to avoid the vote, which forced Republicans to give an opinion on the resolution aimed at condemning Greene’s behavior.

While few, if any, GOP members had openly defended Greene’s most controversial remarks – such as alleged support for the execution of top Democrats – some Republicans had argued against the trial, warning that the Democrats’ efforts to get Greene up would set a dangerous precedent. Other Republicans chose to attack Democrats for refusing to reprimand their own members for making fire testimonies in the past.

However, the Democrats claimed that Greene would be placed in a separate category because of her behavior and that she should be removed from the Budgets Committee and the Education and Labor Committee.

“If a person is encouraged to talk about shooting a member in the head, they should lose the right to serve on a committee,” said executive chairman Jim McGovern, D-Mass., On Wednesday before his committee approved the resolution to dismiss Greene from the committees.

“If this isn’t the bottom line, I don’t know where the hell the bottom line is,” said McGovern.

Greene had promoted a litany of other radical conspiracies and extreme statements prior to his election. She was reportedly skeptical of the conspiracy theory that a plane failed to hit the Pentagon on September 11, 2001. She reportedly suggested that some school shootings had occurred and mocked a survivor of the school massacre in Parkland, Florida. Media also reported that Greene suspected in 2018 that forest fires in California might have been caused by laser beams.

McCarthy spoke to Greene in a closed meeting Tuesday night. He then suggested to the Democrats that the GOP Greene would withdraw its duties as the education committee if it could remain on the budget committee, NBC News reported. Democrats turned down this offer.

“To do nothing would be a renunciation of our moral responsibility to our colleagues, the house, our values, the truth and our country,” said the majority leader of the house, Steny Hoyer, D-Md., Before the final vote on Thursday evening.

“Yesterday the Republican Conference decided not to do anything. So today the House has to do something,” said Hoyer.

Greene claims she recently spoke to Trump and has his support. Trump, who lost his race to President Joe Biden but never officially admitted it, retains overwhelming Republican support even after his supporters’ uprising in the U.S. Capitol, in which five people died.

But other prominent Republicans have been less supportive of Greene. Earlier this week, Senate minority leader Mitch McConnell, R-Ky., Blew Greene’s “crazy lies and conspiracy theories” and called them “cancer for the Republican Party and our country.”

McCarthy said in a statement Wednesday afternoon that he “unequivocally” condemned Greene’s many controversial remarks on “school shootings, political violence and anti-Semitic conspiracy theories”.

He criticized the Democrats for sanctioning Greene and accused the majority party of a party political seizure of power.

McCarthy said he told Greene during a meeting Tuesday night that “as members of Congress, we have a responsibility to adhere to a higher standard”.

“Marjorie recognized that in our conversation. I keep her word,” said McCarthy in his statement.

Democrats, meanwhile, seem eager to showcase Greene as the GOP’s figurehead.

McCarthy has decided to make the House Republicans the “party of conspiracy theories and QAnon,” Pelosi said in a statement Wednesday, “and Rep. Greene is in the driver’s seat.”

“I remain deeply concerned about the acceptance of extreme conspiracy theorists by the Republican government,” Pelosi said at a press conference Thursday.

“Particularly troubling is their willingness to reward a QAnon supporter, a 9/11 Truther, a molester of school shootout survivors, for giving them valued committee positions, including – who could imagine them?” Person would join the education committee? “”

Categories
World News

Inventory futures fall after a steep sell-off on Wall Avenue, Apple and Tesla drop after earnings

Stock futures, pegged to major US stock indices, fell early Thursday as the market appeared poised to extend a sharp sell-off amid concerns over increased speculative trading.

Futures on the Dow Jones Industrial Average indicated an opening decline of more than 100 points. S&P 500 and Nasdaq 100 futures also traded in negative territory.

In its earnings report for the first quarter of fiscal 2021, Apple achieved its highest revenue in its history of $ 111.4 billion. Sales for each product category increased by double-digit percentage points. However, the tech giant’s shares were down 3.26% in expanded trading.

Tesla fell 5.07% in expanded retail after the electric automaker posted worse-than-expected earnings last quarter. The company expects average annual delivery growth of 50% in the future.

Wall Street suffered heavy losses on Wednesday, with the S&P 500 and Dow recording their worst day since October as the speculative spending spree on sharply shortened stocks kept investors on their toes. Some fear that hedge funds could be forced to reduce their holdings in order to raise cash.

“Brief bottlenecks that lead to implosions in some hedge funds join SPACs, IPOs and Bitcoin as data points supporting a bubble thesis,” said Scott Knapp, chief market strategist at CUNA Mutual Group, in an email . “This is a time of caution for investors.”

The trading volume exploded in the previous session with 23.7 billion shares changing hands. This was the heaviest trading day since at least 2007.

Brick and mortar video game retailer GameStop, a target on the Reddit wallstreetbets chat room, rose another 134% on Wednesday and boosted its profits to a whopping 1,744% in January. AMC Entertainment was up over 300% on Wednesday alone, posting the highest volume ever.

GameStop fell 23% in expanded trading while AMC Entertainment fell 38%. Other heavily shortened names that had bounced back this week, including Bed Bath & Beyond and National Beverage, also fell after hours.

Facebook stock remained relatively unchanged in over-the-counter trading after the company warned that a reversal in pandemic trends could hurt its advertising business. The social media company prevailed in the upper and lower ranges in the fourth quarter.

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Categories
Health

In Israel, Infections Drop Sharply After One Shot of Vaccine

JERUSALEM – Israel, das weltweit führend bei der Impfung seiner Bevölkerung gegen das Coronavirus ist, hat einige ermutigende Neuigkeiten hervorgebracht: Frühe Ergebnisse zeigen einen signifikanten Rückgang der Infektion nach nur einem Schuss eines Impfstoffs mit zwei Dosen und bessere Ergebnisse als erwartet nach beiden Dosen.

Experten des öffentlichen Gesundheitswesens warnen davor, dass die auf dem Pfizer-BioNTech-Impfstoff basierenden Daten vorläufig sind und keinen klinischen Studien unterzogen wurden. Trotzdem bezeichnete Dr. Anat Ekka Zohar, Vizepräsident von Maccabi Health Services, einer der israelischen Organisationen zur Erhaltung der Gesundheit, die die Daten veröffentlicht haben, sie als „sehr ermutigend“.

Im ersten frühen Bericht verglich Clalit, Israels größter Gesundheitsfonds, 200.000 Menschen ab 60 Jahren, die eine erste Dosis des Impfstoffs erhalten hatten, mit einer entsprechenden Gruppe von 200.000, die noch nicht geimpft worden waren. Es hieß, dass die teilweise geimpften Patienten 14 bis 18 Tage nach ihren Schüssen mit einer um 33 Prozent geringeren Wahrscheinlichkeit infiziert waren.

Etwa zur gleichen Zeit gab Maccabis Forschungsabteilung an, nach nur einer Dosis einen noch größeren Rückgang der Infektionen festgestellt zu haben: eine Abnahme von etwa 60 Prozent, 13 bis 21 Tage nach dem ersten Schuss, bei den ersten 430.000 Personen, die ihn erhielten.

Maccabi gab keine Altersgruppe an oder gab an, ob die Daten mit einer übereinstimmenden, nicht geimpften Kohorte verglichen wurden.

Am Montag veröffentlichten das israelische Gesundheitsministerium und Maccabi neue Daten zu Personen, die beide Dosen des Impfstoffs erhalten hatten, und zeigten extrem hohe Wirksamkeitsraten.

Das Ministerium stellte fest, dass von 428.000 Israelis, die ihre zweite Dosis erhalten hatten, eine Woche später nur 63 oder 0,014 Prozent an dem Virus erkrankt waren. In ähnlicher Weise zeigten die Maccabi-Daten, dass mehr als eine Woche nach Erhalt der zweiten Dosis nur 20 von ungefähr 128.600 Menschen, etwa 0,01 Prozent, an dem Virus erkrankt waren.

In klinischen Studien erwies sich der Pfizer-Impfstoff nach zwei Dosen als zu 95 Prozent wirksam bei der Verhinderung einer Coronavirus-Infektion bei Menschen ohne Anzeichen einer vorherigen Infektion. Die israelischen Ergebnisse deuten darauf hin, dass die Wirksamkeit sogar noch höher sein könnte, obwohl strenge Vergleiche mit nicht geimpften Menschen noch nicht veröffentlicht wurden.

“Dies sind sehr ermutigende Daten”, sagte Dr. Zohar. “Wir werden diese Patienten genau überwachen, um zu untersuchen, ob sie weiterhin nur an leichten Symptomen leiden und keine Komplikationen infolge des Virus entwickeln.”

Sowohl Clalit als auch Maccabi warnten davor, dass ihre Ergebnisse vorläufig seien, und sagten, dass ihnen bald eine eingehendere statistische Analyse in von Experten begutachteten wissenschaftlichen Veröffentlichungen folgen werde.

Israel, wo mehr als 40 Prozent der Bevölkerung bereits eine erste Dosis des Impfstoffs erhalten haben, ist zu einem internationalen Testfall für die Wirksamkeit der Impfung geworden.

Mit seiner geringen Bevölkerungszahl, dem hochdigitalisierten universellen Gesundheitssystem und der schnellen Einführung militärisch unterstützter Impfstoffe bieten Israels reale Daten eine nützliche Ergänzung zu klinischen Studien für Forscher, Pharmaunternehmen und politische Entscheidungsträger.

Israel hat mit Pfizer einen Vertrag abgeschlossen, bei dem das Pharmaunternehmen dem Land eine frühzeitige und stetige Versorgung mit Impfstoffen im Austausch gegen Daten sicherstellte. Das Gesundheitsministerium hat eine redigierte Fassung der Vereinbarung veröffentlicht.

Trotz seines Wettlaufs um die Impfung leidet Israel unter einer verheerenden dritten Welle des Coronavirus. Die Regierung hat diesen Monat nach wochenlangen Infektionen und Todesfällen eine strikte nationale Sperre verhängt.

Israel sollte die meisten Flugreisen innerhalb und außerhalb des Landes ab Mitternacht am Montag einstellen, um die Ankunft neu auftretender Virusvarianten zu blockieren, die die Impfkampagne des Landes gefährden könnten. Zwei Impfstoffhersteller sagten am Montag, dass ihre Impfstoffe gegen eine der neuen Varianten etwas weniger wirksam seien.

Solche realen Daten aus Israel sind zwar nützlich, unterliegen jedoch Variablen, die die Ergebnisse verzerren können und die durch klinische Studien berücksichtigt werden sollen.

Covid19 Impfungen >

Antworten auf Ihre Impfstofffragen

Wenn ich in den USA lebe, wann kann ich den Impfstoff bekommen?

Während die genaue Reihenfolge der Impfstoffempfänger von Staat zu Staat unterschiedlich sein kann, werden die meisten Ärzte und Bewohner von Langzeitpflegeeinrichtungen an erster Stelle stehen. Wenn Sie verstehen möchten, wie diese Entscheidung getroffen wird, hilft dieser Artikel.

Wann kann ich nach der Impfung wieder zum normalen Leben zurückkehren?

Das Leben wird erst wieder normal, wenn die Gesellschaft als Ganzes ausreichend Schutz gegen das Coronavirus erhält. Sobald die Länder einen Impfstoff zugelassen haben, können sie in den ersten Monaten höchstens einige Prozent ihrer Bürger impfen. Die nicht geimpfte Mehrheit bleibt weiterhin anfällig für Infektionen. Eine wachsende Anzahl von Coronavirus-Impfstoffen zeigt einen robusten Schutz vor Krankheit. Es ist aber auch möglich, dass Menschen das Virus verbreiten, ohne zu wissen, dass sie infiziert sind, weil sie nur leichte oder gar keine Symptome haben. Wissenschaftler wissen noch nicht, ob die Impfstoffe auch die Übertragung des Coronavirus blockieren. Selbst geimpfte Menschen müssen vorerst Masken tragen, Menschenmassen in Innenräumen meiden und so weiter. Sobald genügend Menschen geimpft sind, wird es für das Coronavirus sehr schwierig, gefährdete Personen zu finden, die infiziert werden können. Je nachdem, wie schnell wir als Gesellschaft dieses Ziel erreichen, könnte sich das Leben im Herbst 2021 einem normalen Zustand nähern.

Muss ich nach der Impfung noch eine Maske tragen?

Ja, aber nicht für immer. Die beiden Impfstoffe, die möglicherweise in diesem Monat zugelassen werden, schützen die Menschen eindeutig vor einer Krankheit mit Covid-19. Die klinischen Studien, die diese Ergebnisse lieferten, waren jedoch nicht darauf ausgelegt, festzustellen, ob geimpfte Personen das Coronavirus noch verbreiten können, ohne Symptome zu entwickeln. Das bleibt eine Möglichkeit. Wir wissen, dass Menschen, die von Natur aus mit dem Coronavirus infiziert sind, es verbreiten können, ohne Husten oder andere Symptome zu haben. Die Forscher werden diese Frage bei der Einführung der Impfstoffe intensiv untersuchen. In der Zwischenzeit müssen sich selbst geimpfte Menschen als mögliche Spreizer vorstellen.

Wird es wehtun? Was sind die Nebenwirkungen?

Der Impfstoff gegen Pfizer und BioNTech wird wie andere typische Impfstoffe als Schuss in den Arm abgegeben. Die Injektion unterscheidet sich nicht von denen, die Sie zuvor erhalten haben. Zehntausende Menschen haben die Impfstoffe bereits erhalten, und keiner von ihnen hat ernsthafte gesundheitliche Probleme gemeldet. Einige von ihnen haben jedoch kurzlebige Beschwerden verspürt, darunter Schmerzen und grippeähnliche Symptome, die normalerweise einen Tag anhalten. Es ist möglich, dass die Leute planen müssen, nach dem zweiten Schuss einen Tag frei zu nehmen oder zur Schule zu gehen. Obwohl diese Erfahrungen nicht angenehm sind, sind sie ein gutes Zeichen: Sie sind das Ergebnis der Begegnung Ihres eigenen Immunsystems mit dem Impfstoff und einer starken Reaktion, die eine dauerhafte Immunität gewährleistet.

Werden mRNA-Impfstoffe meine Gene verändern?

Nein. Die Impfstoffe von Moderna und Pfizer verwenden ein genetisches Molekül, um das Immunsystem zu stärken. Dieses als mRNA bekannte Molekül wird schließlich vom Körper zerstört. Die mRNA ist in einer öligen Blase verpackt, die mit einer Zelle verschmelzen kann, so dass das Molekül hineinrutschen kann. Die Zelle verwendet die mRNA, um Proteine ​​aus dem Coronavirus herzustellen, die das Immunsystem stimulieren können. Zu jedem Zeitpunkt kann jede unserer Zellen Hunderttausende von mRNA-Molekülen enthalten, die sie produzieren, um eigene Proteine ​​herzustellen. Sobald diese Proteine ​​hergestellt sind, zerkleinern unsere Zellen die mRNA mit speziellen Enzymen. Die mRNA-Moleküle, die unsere Zellen herstellen, können nur wenige Minuten überleben. Die mRNA in Impfstoffen ist so konstruiert, dass sie den Enzymen der Zelle etwas länger standhält, sodass die Zellen zusätzliche Virusproteine ​​bilden und eine stärkere Immunantwort auslösen können. Die mRNA kann jedoch höchstens einige Tage halten, bevor sie zerstört wird.

Die frühen israelischen Zahlen basieren auf den ersten Personen, die den Impfstoff erhalten haben. Solche Leute, sagen Experten, sind wahrscheinlich besorgter oder über das Virus informiert und daher vorsichtiger in Bezug auf soziale Distanzierung und das Tragen von Masken. Sie könnten sich auch von denen unterscheiden, die sich nicht beeilten, den Standort und den sozioökonomischen Status zu bestimmen.

Experten sagen auch, dass sich die Krankheit im Laufe der Zeit ändert. Prof. Ran Balicer, Chief Innovation Officer bei Clalit und führender israelischer Epidemiologe, sagte, dass zwei Wochen alte Daten wie Beweise aus einer anderen Zeit oder “in israelischer Hinsicht vor etwa einer Million Impfstoffen” sein können.

Maccabi sagte, dass es wöchentlich mehr Daten veröffentlichen würde. “Die Hauptbotschaft”, sagte Maccabi in einer Erklärung, ist, dass bereits die erste Dosis des Impfstoffs “wirksam ist und die Morbidität verringert und Krankenhausaufenthalte um viele zehn Prozent senkt.”

Experten weisen darauf hin, dass die Veröffentlichung von Rohdaten die Gefahr birgt, dass sie falsch interpretiert werden.

Nachdem Clalit vor zwei Wochen erstmals seine frühen Zahlen veröffentlicht hatte, hörten viele Menschen von einem Rückgang der Fälle um 33 Prozent, nicht von den erwarteten 95 Prozent, und kamen zu dem falschen Schluss, dass der Pfizer-Schuss nicht funktionierte.

In Großbritannien gab es einen Aufruhr, bei dem die Behörden die Abgabe der zweiten Dosis um bis zu 12 Wochen verzögert haben, im Gegensatz zu der 21-tägigen Lücke, auf die Pfizer seine Versuche stützte.

Professor Balicer betrachtete die Ergebnisse als gute Nachricht und war bestürzt darüber, wie sie interpretiert wurden.

“Wir waren beruhigt genug, um allen zu sagen, dass wir sehen, was wir gleich nach Tag 14 sehen sollten”, sagte er. “Ich weiß nicht, wie es zu einer Botschaft von ‘Oh mein Gott, es funktioniert nicht’ wurde.”

Professor Balicer, der auch Vorsitzender des Expertenteams ist, das die israelische Regierung bei ihrer Reaktion auf Covid-19 berät, hoffte, dass die positiven Ergebnisse einen Einfluss auf eine bevorstehende Regierungsentscheidung bezüglich einer dritten Sperrung haben könnten.

“Covid hat uns alle zu Amateurwissenschaftlern gemacht”, sagte Talya Miron-Shatz, außerordentliche Professorin und Expertin für medizinische Entscheidungsfindung am Ono Academic College in Zentralisrael. “Wir alle betrachten Daten, aber die meisten Menschen sind keine Wissenschaftler.”

Israel, das am 20. Dezember mit der Impfung von Menschen begann, hat mehr als 2,6 Millionen Israelis einen ersten Schuss gegeben und beide Schüsse mehr als einer Million Menschen.

Nachdem Israel mit Menschen ab 60 Jahren, Beschäftigten im Gesundheitswesen und anderen gefährdeten Personen begonnen hat, bietet es jetzt Impfungen für Menschen über 40 und Schüler im Alter von 16 bis 18 Jahren an, damit sie wieder zur Schule gehen können. Das Militär unterstützt die Bemühungen und 700 Reservemediziner der Armee helfen in Impfzentren.

Prof. Jonathan Halevy, der Präsident des Shaare Zedek Medical Center in Jerusalem, hatte die Ergebnisse der HMOs nicht untersucht, sagte jedoch, dass er zwei Wochen nach Einführung der ersten Dosis in schweren Fällen einen Rückgang bemerkte.

“Ich kenne mehrere Leute, die sich kurz vor dem Impfstoff infiziert haben, aber sie haben ihn leicht bekommen”, sagte er.

Dennoch bleibt Israel unter einer nationalen Sperre und die Beamten sind besorgt über die Entstehung neuer, hoch ansteckender Varianten. Es bleibt abzuwarten, wie wirksam die Impfstoffe gegen die neuen Varianten sind.

Trotz des scheinbar frühen Erfolgs des Impfstoffs richtet das Virus in Israel weiterhin Chaos an. Professor Halevy sagte, die Covid-Stationen seines Krankenhauses seien immer noch voll und er rechne damit, dass es weitere zwei oder drei Wochen dauern würde, bis ein Rückgang zu verzeichnen sei.

Das Virus hat allein in diesem Monat mehr als 1.000 Israelis getötet, fast ein Viertel derjenigen, die insgesamt an dem Pandemievirus gestorben sind.

Gesundheitsbeamte und Experten haben einen Großteil des jüngsten Anstiegs der Infektion auf die sich schnell ausbreitende Variante zurückgeführt, die erstmals in Großbritannien entdeckt wurde.

Categories
World News

Shares are set to retreat from data to finish the week, Dow futures drop 280 factors

Stock futures fell early Friday morning as the S&P 500 and Nasdaq Composite pulled back from the records as investors reassessed the outlook for President Joe Biden’s ambitious Covid stimulus plan.

The average Dow Jones Industrial futures fell 283 points, or 0.9%, while the S&P 500 futures fell 0.8%. Nasdaq 100 futures lost 0.6%. The Nasdaq Composite and the S&P 500 each hit record highs on Thursday. The Dow set a record earlier this week.

IBM shares fell more than 7% in premarket trading after the company reported fourth-quarter revenue that was below analysts’ expectations. Revenue declined 6% on a year-on-year basis for the fourth straight quarter of declines.

Intel stocks were down 4% after falling 6% on Thursday after posting better-than-expected gains just before the closing bell.

A growing number of Republicans have expressed doubts about the need for another stimulus package, particularly one with a price proposed by Biden of $ 1.9 trillion. Meanwhile, Democratic Senator Joe Manchin has criticized the scope of the last round of proposed stimulus checks. The contradiction of both parties carries weight for Biden, who took office with a narrow majority in Congress.

“Washington’s political reality is starting to affect markets and it is becoming increasingly unclear when the Democrats’ ambitious economic targets will become law,” said Tom Essaye, founder of Sevens Report.

Cyclical sectors, which would benefit most from additional stimulus, lagged the broader market this week. Energy and finance have both lost more than 1% in weeks, while materials have also declined.

Tech, whose growth does not depend on reflation, led the indictment. Hopes for a robust earnings season from the country’s biggest communications and technology stocks have kept mega-cap stocks on the uptrend this week, with major indices nearing records during the week of shortened holidays.

Apple and Facebook were up 7.7% and 8.6%, respectively, this week ahead of their quarterly results, while Microsoft was up 5.8%.

With the S&P 500 up another 2% this year and up 16% over the past 12 months, some investors believe the market could outperform itself as problems with the vaccine rollout and economic reopening likely will continue to exist in the future.

“The Covid pendulum, which usually emphasizes the vaccine’s optimism about the harsh short-term reality, is swinging back towards the latter (for now) as epicenter stocks are hit hard in Europe,” Adam Crisafulli, founder of Vital Knowledge, said in a note Friday.

The S&P 500 is up 2.3% in the week so far. The Dow is up 1.2% and the Nasdaq Composite is up 4%.

Meanwhile, the Senate is expected to approve former Fed chair Janet Yellen as Biden’s Treasury Secretary by an overwhelming majority on Friday. If this were confirmed, she would be the first woman to head the department.

Categories
Business

Retail Gross sales Drop in December for Third Straight Month

Consumer spending fell for the third month in a row in December, confirming what many economists had forecast as the disappointing Christmas season for many retailers and restaurants.

Retail sales fell 0.7 percent last month, the Commerce Department said on Friday as the economic recovery showed signs of stagnation and the number of viruses spiked across the country, causing shoppers to shut down stores amid a new wave of Avoid restrictions.

For the second straight month, the decline was worse than predicted by most economists, showing that the deterioration in the overall economy in the final quarter of 2020 was deeper than expected.

“In one line: grim,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, of December retail sales in a research note on Friday.

“We believe the fear of the third wave of Covid and the restrictions imposed across much of the country to suppress it have caused most of the damage to retail sales in the past two months,” he added added.

The decline was widespread in many categories, including electronics, auto, and grocery and beverage stores, which saw high spending last spring and summer but fell towards the end of the year. Restaurant spending fell again in December as cases and closings rose.

The decline most likely also reflects how retailers’ strategies of offering vacation deals early in fall spread the holiday shopping season over months, and may have dampened sales closer to Christmas.

The Commerce Department also revised its November sales data, showing a 1.4 percent drop, larger than the 1.1 percent drop previously reported.

Weaker consumer spending, which accounts for 70 percent of the U.S. economy, adds to the urgency of the $ 1.9 trillion economic bailout proposed by the new administration in Biden this week, which will increase direct payments to individuals by $ 1,400 would increase.

“This is likely the low point for retail sales as the late December incentive and the upcoming incentive under the Biden administration will improve both bank accounts and consumer sentiment,” Robert Frick, corporate economist with Navy Federal Credit Union, said in a Explanation.

However, other economists said Americans would be more likely to save their stimulus money than spend it over the next few months, especially as stores remain closed.

The retailers trade group searched for the bright spots in the trade report, highlighting that vacation shopping was higher last year than it was in 2019, with sales up 8.3 percent.

“With the virus spreading, government restrictions on retailers, and heightened political and economic uncertainty, consumers turned to gifts that lifted the spirits of their families and friends and made them feel normal in the challenging year,” said Matthew Shay, president the National Retail Federation said in a statement.

However, there is evidence that more and more of these sales are going to huge retailers who have been able to use their scale and digital skills to gain larger market share during the pandemic.

One such retailer, Target, said Wednesday that its November and December sales were up 17.2 percent year over year, driven by both in-store and online shopping. Target’s digital revenue was the largest area of ​​growth, more than doubling from the 2019 Christmas season. The vast majority of these deliveries came from Target stores.

Amazon has also said that its Christmas sales hit a record high in 2020 but has not yet provided detailed figures.

Overall, online shopping over the 2020 vacation increased 32 percent year over year to $ 188 billion. However, the weakness in retail sales in December shows that despite the surge in e-commerce, the majority of consumer spending – such as groceries, auto sales, and restaurants – is still in physical environments that remain constrained due to the pandemic.

That reality, Shepherdson said, means that despite the expected stimulus for consumers in the first few weeks of the Biden administration, spending could remain depressed for the next several months.

“We anticipate consumer spending will have problems until the falling Covid cases allow restrictions to be relaxed from March,” he said.

Categories
Business

Nordstrom (JWN) shares drop as retailer says vacation gross sales tumbled 22%

A person walks into the Nordstrom store, which is open for business, as New York City re-opens Phase 2 after restrictions to contain the coronavirus pandemic were placed in New York, New York on June 29, 2020.

Rob Kim | Getty Images

Nordstrom on Wednesday reported a 22% drop in sales for the nine-week period ending Jan. 2 as the department store chain struggled to get shoppers into their stores for clothing, shoes and Christmas gifts.

Shares fell more than 3% in after-hours trading.

According to Nordstrom, digital sales in the holiday season increased 23% from 2019 and accounted for 54% of total sales, compared to 34% a year ago. And more than 30% of customers’ online orders came from the stores, the company added.

The double-digit drop in sales was in line with expectations for the fourth quarter, Nordstrom said.

“We are encouraged by the increasing momentum during and after the Christmas season,” CEO Erik Nordstrom said in a statement.

The company continues to expect a profitable fourth quarter of the fiscal year, but continues to face pressure from increased shipping surcharges in its growing e-commerce business.

Nordstrom will host a virtual investor event on February 4th and will announce fourth quarter results on March 2nd.

On Tuesday, clothing retailer Urban Outfitters reported disappointing Christmas sales due to the decline in store traffic due to the Covid pandemic. While big box retailer Target said on Wednesday sales in the same store grew more than 17% during the holidays, fueled by online gains. Off-mall retailers like Target, Best Buy, and Walmart have for the most part outperformed mall-based companies.

Nordstrom stocks are down about 10% over the past 12 months. The company has a market value of nearly $ 6 billion.

Read the full Nordstrom press release.

Categories
Health

Do not like your Medicare Benefit Plan? Now’s the time to swap or drop it

Female doctor works with elderly patient in a modern office clinic / hospital

momcilog | E + | Getty Images

When it comes to Medicare benefit plans, they don’t have to be as permanent a choice as you might think.

Your 2021 plan, which you have either selected or re-enrolled, can be changed or canceled between January 1st and March 31st. That said, you can swap your benefit plan for another or drop it and return to basic Medicare Hospital (Part A coverage and Part B Outpatient coverage).

The most common reasons beneficiaries make changes are because their doctors aren’t on the plan’s network or drugs aren’t included in their insurance coverage, said Danielle Roberts, co-founder of insurance company Boomer Benefits.

Also from January 1st to March 31st, if you missed your first Medicare registration period and do not qualify for an exemption, you can register during that time. If this is your situation, coverage won’t start until July 1, said Elizabeth Gavino, founder of Lewin & Gavino and independent broker and general agent for Medicare plans.

Of the 63 million or so Medicare beneficiaries, around 25 million are enrolled in a benefit plan that includes Parts A and B, and usually Part D for prescription drugs, as well as extras such as teeth and eyesight.

The current opportunity to change or drop your benefit plan is only a few weeks after Medicare’s annual fall enrollment ended, when a variety of options became available to those looking to change their coverage.

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In contrast, the upcoming window related to the benefit plan has limitations.

For starters, you can only do one switch. This means that the change will generally be locked in 2021 as soon as you switch to another benefit plan or delete it for basic Medicare (unless you meet an exclusion that qualifies you for a specific registration period).

Additionally, you cannot switch from one standalone Part-D prescription medication plan to another in that three month window.

In the fall, if you selected a Part-D plan based on inaccurate or misleading information, anytime during the year you can call 1-800-Medicare to see if your situation allows you to make changes.

In the meantime, deleting a benefit plan in favor of Basic Medicare often means losing drug supplies – which means you have to sign up for a standalone Part-D plan. This is important because if you remain uncovered for 63 days, you face a life penalty for late enrollment that will affect your monthly premiums.

If you switch back to Original Medicare and want to get supplementary insurance (also known as “Medigap”), be aware that you may not be eligible for guaranteed coverage. These guidelines cover all or part of the cost sharing of some aspects of Parts A and B, including deductibles, co-payments and co-insurance. However, they have their own rules for signing up.

“If someone plans to go back to Original Medicare and get a Medigap plan, be aware that they will likely have to answer health questions and go through the underwriting,” said Roberts.

She recommends starting the process by applying for the Medigap plan and getting approval before leaving the benefit plan or signing up for a standalone Part-D plan.

“If you sign up for the Part-D plan, you will be removed from the Medicare Benefits Plan, so it’s important to wait for that part as well,” said Roberts. “We encourage people who need to make changes to do so at the beginning of the legislature.”

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Covid pandemic drove a file drop in international carbon emissions in 2020

The empty Champs Elysees avenue is pictured in Paris, France on March 28, 2020. The country has fined people who violate its statewide lockdown measures to stop the spread of COVID-19.

Pascal Le Segretain | Getty Images

Global greenhouse gas emissions have decreased by around 2.4 billion tons this year, a 7% decrease from 2019 and the largest decrease in history triggered by global Covid-19 restrictions. This is the result of new research from the University of East Anglia, the University of Exeter and the University of East Anglia, the Global Carbon Project.

The researchers said carbon emissions are likely to rise again in 2021, and urged governments to prioritize a shift to clean energy and action to combat climate change in their recovery plans.

Daily global carbon emissions fell 17% during the peak of the pandemic lockdowns in April, but have since risen again, approaching 2019 levels, according to the report published Thursday in Earth System Science Data.

“All the elements to sustainably reduce global emissions are not yet in place, and emissions are slowly falling back to 2019 levels,” Corinne Le Quere, professor at the UEA’s School of Environmental Sciences, said in a statement.

“Government action to stimulate the economy at the end of the Covid-19 pandemic can also help cut emissions and combat climate change,” she added.

The US saw the largest drop in CO2 emissions at 12%, followed by the European Union at 11%, the report said. In both cases, pandemic restrictions accelerated the decline in the use of coal in power generation and oil in transportation.

In developing countries, CO2 emissions fell by 9% in India, but only by 1.7% in China. China’s lockdown took place earlier in the year and was shorter in duration. In addition to the country’s rising CO2 emissions, there have been restrictions on CO2 emissions.

A decline in transport activity led to a global decrease in CO2 emissions. Emissions from automobiles and air travel fell by about half during the peak of Covid restrictions in April, and by December they were down about 10% and 40%, respectively, from 2019, according to the report.

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“Incentives that help accelerate the use of electric cars and renewables and encourage walking and cycling in cities are particularly timely given the significant disruption seen in the transport sector this year,” said Le Quere.

The historical decline in global emissions has also had a negligible impact on the levels of carbon in the atmosphere, which are warming the earth and worsening climate catastrophes, melting ice, and rising sea levels.

In 2020 alone, forest fires caused by climate change burned a record amount of land in the western United States, and the most active hurricane season in the Atlantic ravaged Central America and the Gulf Coast states.

“The climate system is powered by the total amount of CO2 that has been released into the atmosphere over centuries,” said Glen Peters, Research Director of International Climate Research in Norway and a member of the Global Carbon Project.

“Although emissions decreased in 2020, they were still at 2012 levels and the decrease is insignificant compared to the total amount of CO2 emitted over the past few centuries,” he said.

While global carbon emissions have steadily increased over the past few decades, researchers have found that emissions growth has increased more slowly in recent years, mainly due to changes in coal production.

“Global warming stops when emissions go to zero and Covid-19 hasn’t changed that,” Peters said.