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Business

Ford unveils new Explorer Timberline because it expands off-road SUV lineup

2021 Ford Explorer Timberline

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DETROIT – Ford Motor plans to offer the Explorer SUV, a new range of off-road vehicles under the Timberline name, starting this summer.

The 2021 Explorer Timberline, which the company unveiled on Wednesday, has an updated exterior look, improved ground clearance, and other off-road features such as high-performance dampers and underrun guards to protect the vehicle’s chassis.

Other SUVs with similar features and capabilities under the Timberline name are expected to follow, but Ford declined to discuss further details.

“Ford is delivering more powerful SUVs with Timberline. Consumer data has shown us that more than ever, customers want to go outside and explore the great outdoors with friends and family,” said Kumar Galhotra, Ford president of the Americas & International Markets Group in a statement.

2021 Ford Explorer Timberline

ford

With the new Timberline fairing, Ford wants to benefit from increasing SUV sales and the demand for off-road vehicles. The looks and characteristics of such vehicles have become increasingly popular with mainstream consumers in recent years.

Off-road models usually also increase profits. The Explorer Timberline will start at $ 45,765, according to Ford. That pricing positions it in the middle of the Explorer range, but about $ 13,000 more than the base model.

Ford reports that off-road usage has increased 56% over the past three years for its current Explorer owners.

2021 Ford Explorer Timberline

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Business

Shake Shack has ‘large plans for Asia’ because it expands in China, Macao

The New York burger chain Shake Shack has “big plans for Asia,” said the CEO as the company embarks on a regional expansion drive.

Southern China and Macau are top priority for new branches – with locations in Shenzhen, Guangzhou and Macau’s casino resort The Londoner Randy Garutti, set to open in the coming months, told CNBC on Thursday.

Singapore and Beijing are also preparing for new store openings, according to the company’s website.

Our business in Asia has been incredibly robust.

Randy Garutti

CEO, Shake Shack

The CEO said the rollout responds to strong demand over the past year and will cement Asia as “one of the most important positions” in the company.

“Our business in Asia has been incredibly robust,” Garutti told Street Signs.

“We opened in Shanghai. Even last year, due to the pandemic, we opened in Beijing in August. We now have Macau and the south in our sights, starting in Shenzhen.”

Overall, the company plans to open 35 to 40 new locations worldwide in the 2021 financial year. Another 45 to 50 new openings will be added in 2022. Garutti didn’t say how many of them would be in Asia.

An order of fast food meal (hamburgers, fries and soft drink) in a Shake Shack restaurant in Sanitun on August 13, 2020 in Beijing, China.

VCG | Visual China Group | Getty Images

Shake Shack already has at least 48 locations in Asia, including Japan, South Korea and the Philippines.

Garutti said the brand will continue to work with Maxim’s Caterers in Hong Kong to facilitate its rollout in Greater China.

He insisted that customers would continue to enjoy the classic taste of Shake Shack, but added that specialty shakes, such as Shenzhen and Macau, as well as localized artwork would be offered in some new locations.

“People want us to be Shake Shack from New York,” Garutti said. “They don’t want us to change the menu. But we’re finding ways to have these little cameos.”

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Health

NY expands Covid vaccine eligibility to all adults beginning April 6, Cuomo says

New York Governor Andrew Cuomo will receive a Covid-19 vaccine at a church in Harlem, New York on March 17, 2021.

Seth Little | AFP | Getty Images

New York will expand its Covid vaccine eligibility to all over 30s starting Tuesday, followed by all residents 16 and over on April 6, Governor Andrew Cuomo announced on Monday.

President Joe Biden is moving almost a month before May 1, which is when states can largely open their supplies to all residents.

“Today we are taking a monumental step forward in the fight against COVID,” Cuomo said in a statement. “As we continue to upgrade eligibility, New York will make the vaccine available to every community to ensure justice, especially for color communities too often left behind.”

Nearly 30% of all New Yorkers have been reported to have received at least one vaccine. The state has fired 9,056,970 shots so far.

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Health

Detroit expands Covid vaccine eligibility to auto staff

Chrysler Jefferson North Assembly Plant in Detroit, Michigan

Bill Pugliano | Getty Images

DETROIT – production workers in the city, such as B. Auto workers, can now receive the Covid-19 vaccine without restrictions such as age or proof of pre-existing conditions.

The expanded manufacturing worker eligibility in Detroit represents a significant expansion of the eligibility of auto workers to vaccinate after municipalities such as Boone County, Illinois adopted similar measures. It should help to ensure the safety of employees and to put the car systems into operation.

The United Auto Workers Union estimates that at least 10,000 of its members work in Detroit. A total number of the manufacturing workers living in the city were not immediately available.

Detroit’s rollout of the two-dose vaccines Moderna and Pfizer will be carried out in a conference center and clinics for key manufacturing operations, starting with two SUV plants for Stellantis (formerly Fiat Chrysler). Production workers who live or work in the city are eligible, Detroit Mayor Mike Duggan announced Tuesday.

“The auto companies and the UAW have done a great job so far, but nothing is as good as a vaccination,” Duggan said during a press conference at which UAW Vice President Cindy Estrada received a vaccination.

Detroit automakers put extensive safety measures and social distancing guidelines in place during a two-month shutdown of their plants last year to help reduce the spread of Covid-19. Security measures implemented included plastic barriers, masks and other things like temperature controls and logs when entering and exiting the facilities.

“Manufacturing workers, whether they are unions or not, have really been there during this whole pandemic and it has not been easy,” Estrada said. “We have had disease in our plans and deaths, so this is incredibly important.”

According to union spokesman Brian Rothenberg, fewer than 30 of the approximately 400,000 members of the UAW have died of Covid-19. He said the union was “working with the White House, governors and all of our partners on vaccine distribution plans.”

Stellantis employees in Boone County, Illinois were among the first auto workers to receive Covid-19 vaccinations. The company looks forward to “working with other health departments to provide vaccines to the rest of Stellantis employees according to local sales plans.”

“Today’s announcement is an important step in protecting our employees and our communities so that we can return to the life we ​​all want to live,” Stellantis said in a statement.

The Stellantis facility in Detroit, including a new facility that is not yet fully operational, is one of the largest manufacturing operations in the city. The company expects to have 8,000 people vaccinated initially.

General Motors also has a large plant in the city, but that plant will temporarily not produce vehicles until later this year due to construction.

Detroit has administered 90,170 doses (70.7% of the doses received) and scheduled more than 52,800 appointments, according to its website.

UAW Vice President Cindy Estrada will receive a Covid-19 shot during a press conference with Detroit Mayor Mike Duggan on March 2, 2021.

Screenshot

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Politics

NATO expands mission in Iraq on the heels of lethal rocket assault

NATO Secretary General Jens Stoltenberg will hold a press conference ahead of the NATO Defense Ministers meeting at NATO Headquarters in Brussels, Belgium on February 15, 2021.

NATO

WASHINGTON – NATO Secretary General Jens Stoltenberg announced Thursday that the 30-member alliance will expand its security training mission in Iraq to prevent the war-torn country from becoming a safe haven for international terrorists.

“The size of our mission will grow from 500 to around 4,000 people, and the training activities will now include more Iraqi security institutions and areas outside Baghdad,” Stoltenberg told reporters at the end of a two-day virtual NATO defense ministers’ meeting.

“Our presence is conditional and the number of troops will be increased gradually,” he said, adding that the Iraqi government has requested an expanded mission.

Earlier this week, a senior defense official told reporters ahead of the NATO meeting that the Pentagon was “excited and welcomed NATO’s increased focus on Iraq”. The official, who spoke on condition of anonymity, would not disclose whether the US military was willing to contribute more troops to the training mission in Iraq.

The United States has 2,500 soldiers in Iraq.

“ISIS is still operating in Iraq and we have to make sure that they cannot return,” said Stoltenberg on Thursday, adding that attacks in the alliance have increased slightly.

The decision to increase NATO’s presence in Iraq follows a deadly missile attack in the city of Irbil.

A worker cleans broken glass in front of a damaged shop following a missile attack last night in Erbil, capital of the autonomous northern Iraqi Kurdish region, on February 16, 2021.

Safin Hamed | AFP | Getty Images

The attack on Monday claimed the lives of a civilian contractor and injured nine other people, including a US soldier, according to Col. Wayne Marotto, spokesman for the coalition against ISIS.

A Shiite group called Saraya Awliya al-Dam took responsibility for the strike and is seen as the front of a militia group supported by Iran. The White House, Pentagon and State Department have not publicly confirmed who was behind the attack.

The Foreign Ministry promised on Wednesday to impose consequences on those responsible, but released few details.

“We will not preview a response, but it is fair to say that there will be ramifications for any group responsible for this attack,” State Department spokesman Ned Price told reporters during a press conference.

“Any response we receive will be in full coordination with the Iraqi government and also with our coalition partners,” he added.

A day after the attack, White House press secretary Jen Psaki said the White House was “outraged” by the violence in Iraq.

Psaki also said the Biden administration is working with partners in the area to conduct an investigation into the attack.

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Business

China Expands Grad Colleges because the Younger Search Jobs

Graduation was getting closer, but Yang Xiaomin, a 21-year-old student in northeast China, skipped her university’s job fair. Nor did she look for positions alone. She didn’t think she had a chance of landing one.

“Some jobs won’t even take resumes from people with bachelor’s degrees,” said Ms. Yang, who passed the national graduate school entrance exam along with a record 3.77 million of her colleagues last month. “Going to graduate school won’t necessarily help me find a better job, but at least it gives me more options.”

China’s economy has largely recovered from the coronavirus pandemic. The data released on Monday shows it may be the only major economy that has grown over the past year. Yet one area is sorely lacking: the supply of desirable, well-paid jobs for the rapidly growing number of university graduates in the country. Most of the recovery was driven by labor sectors such as manufacturing, which the Chinese economy remains heavily reliant on.

With government encouragement, many students are turning to a stopgap solution: stay in school. The Chinese Ministry of Education announced at the height of the outbreak that it would order universities to increase the number of master’s candidates by 189,000, an increase of nearly 25 percent, in an attempt to reduce unemployment. Undergraduate slots would also increase by more than 300,000.

Almost four million hopefuls took the graduate entrance exam last month. This corresponds to an increase of almost 11 percent compared to the previous year and more than double the figure compared to 2016.

Schools are a common landing site in times of economic uncertainty, but in China the urge to expand enrollment has been a long-term problem. Even before the pandemic, the country’s graduates complained that there were not enough suitable jobs. Official employment figures are unreliable, but authorities said in 2014 that the unemployment rate among college graduates was up to 30 percent in some areas two months after graduation.

As a result, many Chinese have feared that expanding college graduate slots will increase already fierce competition for jobs, dilute the value of advanced degrees, or postpone an unemployment crisis. “Are graduate students under siege?” read the headline of a government-controlled publication.

In recent years, the Communist Party has often linked the prosperity of college graduates not only to economic development but also to “social stability”, and fears that they could be a source of political unrest if their economic fortunes were to falter .

However, to keep unemployment among these workers low, the government must also be careful not to raise its hopes, said Joshua Mok, a professor at Lingnan University in Hong Kong who studies China’s education policy. “It can create a false expectation for these highly skilled people,” said Professor Mok. “The Chinese government must pay attention to how these expectations can be dealt with.”

The government’s expansion push is part of a broader, decade-long effort to increase university enrollment. According to official statistics, China had fewer than 3.5 million undergraduate and graduate students in 1997. In 2019 there were more than 33 million excluding online schools and adult higher education institutions.

The number of university degrees per capita is still behind that of the industrialized countries. According to government statistics, there are around two doctoral students for every 1,000 Chinese, and around nine in the United States. Still, China’s economy has not kept pace with the rapid expansion of higher education, with each round of new graduates competing for a small pool of jobs.

The pandemic has exacerbated these concerns. A report from Zhaopin, China’s largest job-recruiting platform, found that 26.3 percent of college graduates were unemployed in 2020 last June. According to the report, jobs for recent college graduates decreased 7 percent from the same period last year, while the number of applicants rose nearly 63 percent.

“What the current Chinese economy needs is more people with technical qualifications than just general degrees from universities,” said Professor Mok. “There is a skill mismatch.”

The competition has made many students feel that an advanced degree is practically mandatory. Ms. Yang, who studies land resource management, said she had known for a long time that she would attend graduate school because her bachelor’s degree alone was “too inferior.”

She knew that competition for approval would increase after the outbreak. “If you choose to take the master’s exam, you can’t be afraid that there will be lots of other people,” she said.

Others accepted less. On Weibo, where the hashtag is “What do you think of the excitement for final exams?” has been viewed more than 240 million times, many feared that if enrollment skyrocketed, the quality of teaching or the value of their degree would decline.

Others have asked if the government is just postponing rising unemployment for a few years. Some feared that companies would raise their application standards. Still others wondered if there would be enough dorms to accommodate all of the students.

“Enrollment expansion is not just a matter of arithmetic,” wrote one person. “We need to think about how this will affect the general development of education and society.”

Concern reached such a high point that it sparked a government response. Hong Dayong, an Education Department official, admitted at a press conference last month that some universities were facing teacher shortages with increasing graduate programs. However, she said officials would put in place stricter quality control measures and that the government would encourage universities to offer more professionally oriented masters degrees to help graduates find jobs.

The government has also ordered state-owned companies to hire newer graduates and subsidized companies that hire them.

Some advice was blunt. Chu Chaohui, a researcher at China’s National Institute of Education, told the state-run tabloid Global Times that graduates should lower their sight. In doing so, they would find jobs in sectors like grocery or parcel delivery, he said.

Indeed, excessive expectations can increase competition for jobs. According to Zhaopin, the recruiting website, college graduates have around 1.4 vacancies for each applicant, even after the epidemic. But many graduates only look to the largest cities or expect high salaries, said Professor Mok.

Still, some students said that encouraging the government to pursue higher education would only bolster those expectations.

“Everyone has their own ambitions, even a little arrogance,” said Bai Jingting, a business student in eastern Anhui Province. Ms. Bai, 20, said she attended her college’s job fair in the fall but couldn’t find any jobs that seemed exciting enough. “Since I applied for a graduate school, I will of course think about how it should be easier to find a job afterwards and find a job that I want.”

Another incentive for the competition is the fact that many students who wanted to study or work abroad no longer have this option.

Prior to the pandemic, Fan Ledi, a graduate of western Qinghai Province, had planned to move to Ireland for a one-year master’s degree in human resource management. After that, he wanted to work there, excited about the prospect of learning about a new culture.

But he has ditched that plan and will be looking for jobs at home when he finishes his program, which he completes online due to travel restrictions.

“The Irish are struggling to find work, let alone foreigners,” Fan said. He added that he was concerned about discrimination as anti-China sentiment rises in many western countries. “I think it is decidedly impossible to go abroad to find work now.”

He’s already attending job fairs, but won’t finish school until November. Recruiters tell him he’s early but he asks them to take his resume anyway.

Faced with the jostling for jobs and college graduate positions, Ms. Bai shrugged when the government increased the number of masters’ seats in Anhui. Her major in business was one of the most popular, she said, and competition would always be fierce.

“How Much Can Enrollment Expand?” She said. “It’s just a drop in the ocean.”

Albee Zhang and Liu Yi contributed to the research.

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Politics

Manhattan DA expands probe to Seven Springs property

President Trump’s estate in Seven Springs in Mount Kisco, New York, here on September 30, 2020.

Johnny Milano | The Washington Post | Getty Images

The Manhattan Attorney’s Office has expanded its criminal investigation into President Donald Trump’s company to include a sprawling property in Westchester County, New York.

A Bedford, New York City attorney told CNBC that sometime “before Christmas” the city’s office issued a subpoena for records of the Trump Organization’s Seven Springs Estate as part of a criminal investigation.

Bedford’s attorney Joel Sachs said he believed the towns of New Castle and North Castle, in addition to Bedford, also had records cited from Vance’s office on the criminal investigation, as the 213-acre property spans all three towns.

The company’s multi-month evaluation of Seven Springs was the focus of a civil fraud investigation by the New York Attorney General.

AG Letitia James has stated that it is investigating whether Trump’s company has fraudulently increased the value of Seven Springs on financial statements that have been used to obtain credit and obtain economic and tax advantages. Trump bought the property in 1996 for only $ 7.5 million. In 2012, he valued the property at a whopping $ 291 million.

Vance’s office was previously known to be investigating hush money payments to women who claimed to have sex with Trump, as well as possible tax, banking, and insurance fraud. Trump has denied having sex with the women, porn star Stormy Daniels and Playboy model Karen McDougal.

Trump has asked the U.S. Supreme Court to block a subpoena for his accountants’ longstanding tax and financial filings issued by a Manhattan grand jury acting at Vance’s request. The Supreme Court has yet to decide whether it will hear Trump’s appeal against court rulings that Mazars USA must submit these documents.

On Friday, The Associated Press reported that investigators in Vance’s office interviewed Trump’s former private attorney Michael Cohen for hours on Thursday, asking him about the president’s business dealings, focusing on his relationship with Deutsche Bank, Trump’s largest lender.

Cohen testified before Congress in 2019 that the president’s financial statements increased to the values ​​of his assets to get favorable terms on loans and insurance, while the value of other assets was decreased to lower property taxes due on them .

New Castle Town supervisor Ivy Pool declined to comment when contacted by CNBC. North Castle officials did not immediately respond to a request for comment.

Vance spokesman Danny Frost declined to comment.

A Trump Organization spokeswoman did not immediately respond to a request for comment.

The Wall Street Journal first reported the expansion of Vance’s investigation to Seven Springs.

AG James’s office in a lawsuit related to their investigation found that “Valuations of Seven Springs was used to obtain an apparent tax deduction of $ 21.1 million for a property conservation donation for the 2015 tax year and for Filings with financial institutions to be claimed as part of Mr. Trump’s fortune. “

James’ research also examines the valuation of other Trump properties on 40 Wall Street in Manhattan, the Trump International Hotel and Tower Chicago, and the Trump National Golf Club in Los Angeles.

Eric Trump, the son of the President and Executive Vice President of the Trump Organization, was forced to answer questions from James’ investigators for their investigation last fall after failing to convince a judge to postpone his testimony until the presidential election his father had lost to Joe Biden.

Eric Trump ran the Trump organization with his brother Donald Trump Jr. while their father was president.

Donald Trump was indicted for the second time by the House of Representatives on Wednesday.

He is accused in this trial of inciting a crowd of supporters to get upset in the US Capitol, which disrupted the confirmation by a joint session of Congress of Biden’s election. Five people, including a Capitol policeman who was killed by the crowd, died as a result of the incident.

Biden is due to take office on Wednesday.

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Health

CDC expands eligibility to everybody 65 and older

The Trump administration on Tuesday issued new guidelines extending coronavirus vaccine eligibility to anyone aged 65 and over, as well as those with comorbid conditions such as diabetes.

States’ focus on vaccinating health care workers and nursing homes has created a bottleneck, a senior administrative official told CNBC, speaking on condition of anonymity ahead of the official announcement.

“States are being told immediately that they need to expand to include those over 65 as well as those under 65 with comorbid conditions,” the official said.

The government will also stop holding back millions of doses reserved for the second round of Pfizer and Moderna two-dose vaccines, the official said, adding that they had released doses that were held in reserve Sunday.

“The states should not wait to complete the prioritization of phase 1a before moving on to broader categories of eligibility,” said Azar on Tuesday the new guidelines. “Think of it like getting on a plane. You may have a sequential order in which you board people. But you don’t wait for literally every person in a group to board before moving on to the next . “

Approximately 53 million Americans aged 65 and over and 110 million people aged 16 to 64 with comorbid conditions can now get the vaccine if each state applies guidelines according to the Centers for Disease Control and Prevention.

President-elect Joe Biden’s transition team announced Friday that his administration plans to release all cans held in reserve.

The Trump administration was due to announce the change at a press conference Tuesday with representatives from Operation Warp Speed, the White House’s vaccination program.

US surgeon general Jerome Adams also confirmed the changes in an interview with Fox News on Tuesday morning.

“We will have clear instructions from the CDC to the governors that they should vaccinate people 65 years of age and older and those under 64 years of age with chronic illness,” he said.

US officials are trying to speed up the pace of vaccinations after a slower-than-expected rollout.

As of Monday morning, more than 25.4 million doses had been distributed in the US, but just over 8.9 million shots had been administered according to CDC data. The number is a far cry from the federal government’s goal of vaccinating 20 million Americans by the end of 2020 and 50 million Americans by the end of this month.

State and local health officials have said they are strapped for cash. They blame insufficient funding and inconsistent communication from the federal government for the slow roll-out.

Democrats and some public health experts have criticized the government for the slow pace. In a letter Monday, Senate Democrats urged the government to make changes, saying it “failed” states by not providing detailed guidance on how to effectively distribute the doses.

The US “cannot afford to have this vaccination campaign continue to be hampered by the lack of planning, communication and leadership we have seen so far,” wrote Chuck Schumer, chairman of the Senate minority, and 44 other Democrats. “The metric that matters, and where we are clearly moving too slowly, is vaccines in weapons.”

In an attempt to speed up the pace of vaccinations, the Secretary for Health and Human Services, Alex Azar, and the Commissioner for Food and Drug Administration, Dr. Stephen Hahn, last week urged states to start vaccinating lower priority groups against Covid-19.

The CDC recommends immunizing health care workers and nursing homes first, but states are free to distribute the vaccine at their discretion. Hahn told reporters that states should give shots to groups that “make sense” such as the elderly, people with pre-existing conditions, police, fire departments and other key workers.

“We heard in the press that some people said, ‘OK, I’m waiting for all of my healthcare workers to be vaccinated. We have a vaccine intake of around 35%.’ I think it makes sense to “extend this to other groups,” said Hahn on Friday. “I would strongly encourage states to give the states the opportunity to be more expansive about who they can give the vaccine to.”

It is unclear whether increasing the eligibility will accelerate the pace of vaccinations. Some states, including Texas and Florida, have already expanded their eligibility criteria.