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World News

Rihanna and LVMH Hit Pause on Fenty, Their Style Line

Is this the end of the experiment with celebrity high fashion designers? It turns out that even Rihanna can’t do one thing: sell high fashion clothes during a pandemic.

LVMH Moët Hennessy Louis Vuitton, the French luxury group, announced the Fenty fashion house in 2019 as a big fanfare. However, today they announced that together with Rihanna they had “made the decision to discontinue the European-based clothing activity until conditions improve. “

Translated, this means that the luxury fashion arm of the Fenty empire (an empire that includes the Savage X Fenty lingerie line and Fenty cosmetics and skin care lines separately) no longer produces collections even though it is not officially closed, and Rihanna remains a part by LVMH.

Talks are currently ongoing with the brand’s employees about their future, although Bastien Renard, the label’s managing director, is still in the position. The news was first reported by Women’s Wear Daily.

Though it is shortly after a successful $ 115 million donation round to Savage X Fenty by L Catterton, LVMH-affiliated private equity firm, the exposure of the Fenty ready-made clothing is a rare failure for the World’s Greatest Luxury Group , which also includes Louis Vuitton, Dior and Celine. It’s also the rare misstep of one of the world’s most effective celebrity polymaths: a reflection of both the market’s tepid response to the Fenty collections and the ongoing impact of the pandemic on the luxury sector.

And it’s a reminder that someone who has a tremendous cultural following and unparalleled taste doesn’t mean they’ll be making great, original clothes.

Only the second luxury fashion house LVMH ever attempted to build from scratch (the first was Christian Lacroix, who opened LVMH in 1987 and sold in 2005), Fenty was initially introduced as the group’s foray into the future: a new brand Who is run by a black woman with great style and popular influence but no formal, old-fashioned design training, who eschews the calcified system of runway shows for regular drops and focuses on digital direct sales and communication.

What could go wrong?

A lot of.

Starting a new luxury fashion house from scratch is enormously expensive for any investor and usually takes time. But 2020 was the worst year for the luxury industry in history. While LVMH, the top-selling luxury group, has seen sales surge in recent months, largely driven by Chinese consumers, lockdowns continue to create persistent disruptions and dampen net income. LVMH announced last month that its profit in 2020 was 4.7 billion euros, down around a third from 2019.

And unlike some other LVMH brands that proved resilient during the downturn, like Louis Vuitton and Dior, the Fenty clothing line’s daring experiment struggled to find its booth, prompting Jean-Jacques Guiony, chief financial officer by LVMH, alluded to last October The Group’s third quarter 2020 results were reported during a news call.

“At Fenty Fashion we are obviously still in the start-up phase and have to find out exactly what the right offer is. That is not easy. We started from scratch, ”he said. “Of course we have the great help from Rihanna, but I would say there is still work to be done if it comes to really defining the offer.”

Indeed, “the offer” was unclear from the start. When the house was founded, a statement from LVMH said that the new brand would “focus on the Rihanna she created” and “take shape with her vision”.

While Rihanna built her profile in part on her own strategic and adventurous embrace of high fashion, she received the 2014 Council of Fashion Designers of America’s “Fashion Icon” award in a see-through crystal-speckled gown, thong and white fur boa – she seemed often better at choosing meaningful looks for themselves than creating new ones for their followers. In general, clothing ranged from oversized to body-hugging, with curved streetwear, and came across as derivative rather than pioneering.

They were also potentially more expensive than many of Rihanna’s fans expected (albeit less than the usual LVMH deal): $ 940 for a padded denim jacket; $ 810 for a corsetted shirt dress.

Meanwhile, Savage X Fenty made headlines with Song-n-Dance-n-Celebrity-filled lingerie extravaganzas filmed live and then streamed on Amazon, positioning itself in a post as the most capable, comprehensive answer to Victoria’s Secret -MeToo world.

This time out, granted to clothing brand Fenty, could allow it to reposition itself and refine its offerings to grab a better moment to return – perhaps after the pandemic’s pent-up party desires are unleashed. There’s a reason they didn’t shut it down completely.

On Wednesday, as news of the LVMH partnership spread, Savage X Fenty issued a statement detailing the new funding round in which Jay-Z is an investor through its Marcy Venture Partners. Last year the brand saw “explosive sales growth of over 200 percent,” the statement said, and the “heavily drawn” round would spur investment in customer acquisition and expansion into retail.

“The brand strikes a unique balance between affordability, fashion and comfort, represents inclusiveness and diversity, and has differentiated itself through an exceptional level of affinity and unsurpassed customer loyalty,” said Jonathan Owsley, partner in L Catterton’s growth fund.

Neither the Fenty line nor the suspended experiment with LVMH was mentioned.

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Health

Well being Care Staff Hit Arduous by the Coronavirus Pandemic

Thousands of healthcare workers have already paid the highest price for their daily dedication. Since March, more than 3,300 nurses, doctors, social workers and physiotherapists have died of Covid-19, according to a balance sheet by Kaiser Health News and the Guardian.

Experts say the death toll is most likely far higher. The Centers for Disease Control and Prevention count 1,332 deaths among medical personnel. This is noteworthy in that its sister agency, the Centers for Medicare and Medicaid Services, lists roughly the same number of deaths only among nursing home workers – a small fraction of those employed by the country’s hospitals, health clinics, and private practices.

A number of studies suggest that medical professionals accounted for 10 to 20 percent of all coronavirus cases in the first few months of the pandemic, despite making up about 4 percent of the population.

Christopher R. Friese, a researcher at the University of Michigan, said the government’s failure to track down health care workers has most likely contributed to many unnecessary deaths. Without detailed, comprehensive data, the federal health authorities are limited in their ability to identify patterns and develop interventions.

“The number of health care worker deaths in this country is staggering, but as shocking and terrifying as they are, we shouldn’t be surprised with some very basic tools for dealing with the crisis on the shelf,” said Dr. Friezes. Who runs the School’s Center for Improving Patient and Population Health?

Acknowledging the limitations of their coronavirus case data, Jasmine Reed, a spokeswoman for the CDC, noted that the agency relies on reporting from state health departments and that each state determines what type of information should be collected and communicated to federal agencies. At least a dozen states don’t even participate in the CDC’s case reporting process, she said.

Many medical workers who have survived Covid-19 face more immediate challenges. Dr. Bial, the Boston pain specialist, is still plagued by fatigue and lung dysfunction.

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Health

New Covid variants are going to ‘hit us fairly onerous,’ says Dr. Peter Hotez

Dr. Peter Hotez, co-director of the Center for Vaccine Development at Texas Children’s Hospital, says the US is “facing a tough journey” as new variants of Covid spread across the country.

“Because they are more transmissible, it means more Americans will be infected. Although the number of new cases has decreased slightly … the expectation now is that it will rise again because of these new variants.” “Hotez said in an interview on Thursday evening of” The News with Shepard Smith. “” More people will become infected, overwhelm hospital systems again, and possibly the death rate will rise, both from a combination of more new cases in general and one. ” slightly higher mortality rate, solely due to the variant by the type of variant. “

Health officials in South Carolina have confirmed two cases of the dangerous, highly communicable South African tribe of Covid. Officials said the cases appear unrelated and unrelated to a recent trip. Dr. Zeke Emanuel, a member of President Joe Biden’s Covid Advisory Board, said that is why the South African exposure is so worrying.

“This is worrying because these two people have no evidence of travel, and it means that the South African variant, which is more worrying than even the British variant, is about and in the community,” said Emanuel.

Hotez told host Shep Smith that the new strains were even more problematic because “we weren’t looking”.

“We’ve done so poorly on genome sequencing that we’re picking up these British, South African, and Brazilian variants. So we know they’re in South Carolina, but they could be elsewhere,” said the dean of the National School of Tropical Medicine on Baylor College of Medicine.

The Centers for Disease Control and Prevention warned that the British variant, also known as B117, could dominate the US by spring. Hotez said the key to protecting the population is to vaccinate people faster.

“The bottom line is that we need to find a way to vaccinate the American people faster than current projections,” Hotez said. “First, to reduce hospital stays and deaths, but also to stay one step ahead of these variants. If we can vaccinate three-quarters of the American population, we could potentially interrupt transmission and prevent some of these new variants from becoming dominant.”

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Entertainment

Olivia Rodrigo’s ‘Drivers License’ Hit No. 1 in a Week. Right here’s How.

The music industry’s first runaway hit single of the year is instantly a proven model – a Disney actress turning to pop with a catchy and sectarian break-up ballad – and also an unprecedented TikTok smash of a teenager.

“Drivers License” by Olivia Rodrigo, 17, debuted at number 1 on the Billboard Hot 100 singles chart on Tuesday after a record breaking first week on streaming services such as Spotify and Amazon Music. Along the way, the autobiographical song sparked speculation across tabloids and social media as listeners tried to piece together its real-life parallels like it was a song by Rodrigo’s hero Taylor Swift. TikTok videos resulted in blog posts that resulted in streams, news articles and back again. The feedback loop made it unbeatable.

“It was absolutely the craziest week of my life,” said Rodrigo, who actually got her driver’s license last year, in an interview. “My whole life changed in an instant.”

During a shaky and uncertain time for the music business, amid the pandemic and unrest, “Drivers License” was released across platforms and with a music video on January 8th by Geffen Records. The song was then streamed more than 76.1 million times a week in the US, according to Billboard, the highest sum since Cardi B and Megan Thee Stallion’s “WAP” in August (93 million). On Spotify, Drivers License set a daily global stream record for a non-holiday song on Jan. 11. and then hit his own number the next day and eventually set the service’s record for most streams in a week worldwide.

The title reached # 1 in 48 countries on Apple Music, 31 countries on Spotify and 14 countries on YouTube, Rodrigo’s label said. Billboard reported that it sold 38,000 downloads in the US, most this week, and had 8.1 million impressions from radio airplay viewers.

“We definitely had no idea how big it was going to get,” said Jeremy Erlich, Spotify’s co-head of music. “It just flown into this monster, unlike anything I’ve ever seen before. And I think differently than anything anyone has seen before. “

The company, which accounted for more than 60 percent of the song’s worldwide streams in the first week, responded to the initial interest with increased advertising for the track, which is now on 150 official Spotify playlists. “It’s definitely not going to slow down,” said Erlich. “It’s the topic in the company and in the industry.”

The song, written by Rodrigo and the producer Dan Nigro starts out very simply: “I got my driver’s license last week,” Rodrigo sings about a basic piano part, “just like we always talked about it.” But at the end of the first verse she cries “in the suburbs” and the music swells until a cathartic bridge strikes with a type-breaking swear word. The song “successfully balances dark but crisp melodrama with a bold melody, gently pointed singing with sharp images,” wrote the critic Jon Caramanica. “It’s a modern and successful pop song in every way.”

“Drivers License” may represent Rodrigo’s real debut as a solo artist, but thanks to her Disney roles, she came with a built-in audience. Born and raised in Southern California, she became a regular talent show at the age of 8 and was first cast on “Bizaardvark,” which aired three seasons on Disney Channel between 2016 and 2019. Rodrigo, who learned to play guitar for the role with Paige Olvera, a teenager who makes songs and videos for an online content studio.

She can currently be seen as Nini Salazar-Roberts in the Disney + series “High School Musical: The Musical: The Series”. Last year, a song written by Rodrigo, “All I Want,” became the show’s most successful track to date.

But like Miley Cyrus, Selena Gomez, and Demi Lovato before her – and Britney Spears, Justin Timberlake, and Christina Aguilera before them – Rodrigo recorded her experience in the Disney machine and tried to translate it for a wider, more adult audience. Fans have speculated that “Drivers License” is about Rodigro’s “High School Musical” co-star Joshua Bassett, who released his own single- and car-centric video on Friday.

Erlich, the executive director of Spotify, said that for Rodrigo “there was a lot of X-Factors that made this the perfect storm” including the gossip, the quality of her song, the marketing plan prepared in advance by her label, and the support of celebrities like Swift and the TikToker Charli D’Amelio. “It aligned perfectly and faster than anything we’ve ever seen,” he said. “We saw such an alignment, but it usually spans three to six months – it happened in a day and a half.”

Rodrigo called the song “a little time capsule” of a monumental half year that she had experienced last year. Acknowledging the “archetype” of the Disney star turned pop star, she said she was nervous about the collision of reactions from “people who have never heard my name and people who have been with me on TV grew up. “But she was thrilled to find both groups interested.

“The cool thing about ‘Drivers License’ is that I’ve seen so many videos of people saying, ‘I have no idea who this girl is, but I really love this song,’ which was really interesting to me because For so long I’m really only tied to projects and characters, and that’s how people know me, ”she said. “It’s really cool to be introduced to people for the first time through a song that I’m really passionate about.”

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Business

Tesla Says It Hit Aim of Delivering 500,000 Automobiles in 2020

Electric car maker Tesla reported on Saturday that it produced more than half a million cars in 2020, a milestone that seemed unattainable just three years ago.

In a press release posted on its website, the company said it had shipped 180,570 cars in the fourth quarter. The total number for 2020 rose to 499,550, a new milestone for the electric car manufacturer.

The sales figures for 2020 correspond to an increase of 36 percent compared to 2019. Tesla’s production of 509,737 vehicles in 2020 increased compared to 2019 by 40 percent.

It’s the latest achievement for a company that excelled in 2020 despite the pandemic. While some automakers saw sales increases in the pandemic, none saw a surge like Tesla.

Even without the sales record, Tesla’s CEO Elon Musk had a lot to offer – a buoyant stock, new factories, and a number of profitable quarters.

Analysts had become bullish on Tesla sales for the past few weeks amid signs of strong overseas demand.

“We believe that given the strength we are building in China, as well as a late push in Europe and the US, 190,000 to 200,000 are within reach,” Dan Ives, a Wedbush analyst, wrote a fourth quarter release to the Investors.

The aspiring automaker is likely to face tougher competition in 2021. Ford Motor recently started shipping the Mustang Mach E electric sport utility vehicle to customers. And Rivian, a well-respected auto launch company, will begin selling an electric pickup and an SUV next summer. Several other automakers will join the fight as well.

And Tesla still faces its own challenges. Sales of its most profitable vehicles, the Model S luxury sedan and the Model X SUV, have stalled and remain low. The federal safety supervisory authorities are also investigating chassis defects in these vehicles. The company also faces questions about the quality of its vehicles. And Tesla seemed to be making little headway toward Mr Musk’s ambitious promise to have a million self-driving Teslas by the end of 2020. The company has yet to show the world a car that can drive without a driver.

Still, the company reported profits for the past four quarters. The stock was added to the S&P 500 index, and the stock price ended last year at more than $ 700 after less than $ 100 in late 2019. Investors value Tesla by more than the combined market cap of several major automakers , including Toyota Motor, Volkswagen, General Motors and Ford.

Tesla ramped up production at a factory in China, fueling sales growth in that country, the world’s largest market for conventional and electric cars. The company also began building factories near Berlin and Austin, Texas. Mr Musk plans to manufacture Tesla’s pickup truck and a battery-powered tractor-trailer in Texas and recently said he moved to the state.

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Business

NBA opening week is the perfect since 2012 following Covid viewership hit

Wesley Matthews # 9 of the Los Angeles Lakers watches over Luka Doncic # 77 of the Dallas Mavericks on December 25, 2020 at the Staples Center in Los Angeles, California.

John McCoy | Getty Images

After a drop in ratings for its championship series, the National Basketball Association is celebrating its most-watched opening week since 2012, led by Christmas Day competitions.

The NBA, which started its shortened season of 72 games last week due to Covid-19, said an average of 3.4 million viewers saw their games December 22-25.

The Christmas Day game between LeBron James-led Los Angeles Lakers and Luka Doncic’s Dallas Mavericks on Disney’s ABC network topped the game with an average of 7 million viewers. On the same day, the Miami Heat-New Orleans Pelicans game averaged 3.5 million viewers, while the Los Angeles Clippers-Denver Nuggets game averaged 2.05 million viewers. These games were broadcast on Disney’s ESPN.

Although the primetime 2020 Christmas Day competition had solid ratings on ABC, it was still below last year’s Lakers-Clippers competition, which had around 8.8 million viewers on ABC and ESPN platforms.

According to the NBA, the double header had an average of 2.9 million viewers on AT & T’s TNT on December 22, making it the most-watched opening night since 2017.

Those games featured the Golden State Warriors versus the Brooklyn Nets and the Clippers versus the Lakers. The NBA said its combined viewership on TNT, ESPN and ABC for the 2020 openings grew 67% (3.4 million) compared to 2019, when the league NBA averaged 2.2 million viewers in the opening week .

The NBA told CNBC viewers that they had seen 81.5 million hours of live NBA coverage in the branches of national media partners. That’s 41.8 million hours on ESPN and TNT in the opening week of 2019.

The NBA is betting on a surge in ratings after the pandemic impacted the 2020-19 season, forcing them to return to a crowded sports TV lineup that spans the postseason of Major League Baseball, as well as the World Series and games the National Football League included. The first game of the 2020 NBA Finals received its lowest ratings since 1994, drawing 7.4 million viewers in part due to the sporting clutter.

The WarnerMedia-operated NBA television station will host national games in the next few days, with college football bowl games taking over the sports landscape. ESPN and TNT return to NBA games starting January 6th.

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Business

U.S. must vaccinate three million individuals per day to hit objective

Dr. Carlos del Rio warned The News with Shepard Smith that vaccination efforts for Americans must “change dramatically” since the United States missed its vaccination targets two weeks after the Americans were shot.

“If we want every American who needs a vaccine and wants the vaccine to be vaccinated by July, we have to vaccinate about 3 million people a day,” said del Rio, who was named a professor of medicine at the University of Rio Emory University. “It’s a tremendous effort and it will take a lot of coordination and funding.”

Operation Warp Speed ​​leaders promised the country would receive 20 million cans by the end of the year. According to the Centers for Disease Control and Prevention, states have only received 11.4 million doses to date, and approximately 2 million Americans have received shots. Del Rio said the vaccination effort requires broad collaboration.

“This really requires the federal government, state governments, the private sector and the public sector. Everyone has to do their best so that the clinics are really always open and the vaccinations are available,” said del Rio. “We have underfunded public health for years and it is really difficult to find public health workers who are not employed and can start vaccinating.”

White House Coronavirus Zone, Adm. Brett Giroir, defended Tuesday’s rollout in MSNBC’s Andrea Mitchell Reports.

“The numbers report 2.1 million vaccines in people’s arms. We know this is under-reported as there is a three to seven day delay, but we expect this to increase,” said Giroir.

He added that anyone in the US who wants a vaccine can get one by June, but a model by the Institute for Health Metrics and Evaluation predicts an additional 200,000 Americans would die in the next three months. More Americans are being hospitalized with Covid than ever before, according to the Covid Tracking Project.

Del Rio said reaching the vaccination goal will require recruiting more people to administer vaccines, especially as health workers remain busier than ever.

“You have a problem with the staff, and you have a problem with the staff. So we have to be creative and find ways to train medical students, nursing students and others to administer the vaccines, because if we don’t, we will Do not achieve goal, “said del Rio.

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World News

Croatia Hit by Sturdy Earthquake

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

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

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

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

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

“Mothers cry for their children,” he said.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Alisa Dogramadzieva and Joe Orovic contributed to the coverage.

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Business

Scenes From Gallup, N.M., The place the Coronavirus Has Hit Onerous

December 27, 2020

Gallup’s hospitals are almost full. Most of the stores are empty. The unemployment rate in the county where the city is located is one and a half times the national average. Earlier this month, according to a New York Times database, the highest number of cases per capita in any subway area were in the United States.

With the pandemic marching steadily across the country in recent months, places like Gallup have been hardest hit.

picture

According to census data, nearly half of Gallup’s residents are between the Navajo Nation in the north and the Zuni Nation in the south.

Native American communities were particularly vulnerable to the virus, accounting for nearly 40 percent of all cases in New Mexico at one point, although these communities make up less than a tenth of the state’s population. And some who have so far been spared the virus are still affected by the consequences of the economic slowdown.

Eric-Paul Riege, a 26-year-old artist, is the son of a veteran hotel manager and a Navajo mother who taught him the art of weaving. His work has been published in galleries and collections across the country. But paid projects almost dried up this year.

When I met Mr. Riege, he was working shifts at a restaurant called Grandpa’s Grill, processing orders for take-away groceries.

Route 66 runs through Gallup. The city has relied on tourism to fuel its economy. She expects visitors to shop and sell trading posts in local galleries that sell Native American arts and crafts. But the limits of activity in the region made that difficult.

When the region saw an extreme wave of virus cases in May, the city was on lockdown and state police and the National Guard barricaded highway exits to prevent people who did not live in Gallup from entering the city unless they did so an emergency.

Last month, long after the barricades fell, trading posts were open for indoor shopping but closed, reducing the chances of anyone stopping and browsing.

The legendary El Rancho Hotel, where John Wayne, Katharine Hepburn and other Hollywood stars once lived, was about a quarter full.

Gallup is in many ways a relic of conquered indigenous lands and American expansion. For example, many of the trading posts are owned and operated by whites. These little shops are overshadowed by McDonald’s, Walmart, and other large American franchises where cars and people often end up in parking lots these days.

Bill Lee, head of the Gallup Chamber of Commerce, said there has been a growing economic divide due to restrictions imposed by local and state officials. Smaller businesses often have to adhere to stricter guidelines, including rules that prevent in-store shopping, while larger stores, especially those deemed essential, can operate with fewer restrictions. “The governor picked winners and losers,” Mr. Lee told me.

Updated

Apr. 26, 2020 at 6:29 am ET

When the barricades were erected earlier this year, Walmart was inundated with shoppers stocking up on weeks of supplies, especially as there are few grocery stores in indigenous lands. However, the barricades also had the effect of preventing members of Indian groups from coming into town to shop.

Indigenous groups in the region have long suffered from a lack of information and resources.

Even before the pandemic, the Indian Health Service, the government program that provides medical care to the country’s 2.2 million members of the country’s tribal communities, faced a significant shortage of funding and care in addition to a lack of doctors and aging facilities.

The virus made these weaknesses all the more evident.

Amid the devastation of the pandemic, some people have gotten lucky. Dan Bonaguidi, the son of the city’s mayor who owns Michelle’s Ready Mix Rock and Recycle with his wife Michele, is one of them. Its business flourished as government grants resulted in greater demand for building materials for home renovations and projects such as new or expanded healthcare facilities during the pandemic.

But even with Lichtblicke there are many more stories of companies that are empty or closed – small and large.

After an oil and natural gas boom in New Mexico and Texas in recent years, the pandemic has lowered oil demand and prices. Marathon Petroleum announced plans in August to cease operations in the area and lay off more than 200 workers – roughly 1 percent of the city’s population.

Operations like marathons are vital to Gallup’s economy, and job losses contributed to the region’s unemployment rate rising to 10.6 percent in October. Raul Sanchez is one of the workers who lost his job.

One afternoon, two days before Thanksgiving, as I was driving past his house on the hill overlooking the western part of town, Mr. Sanchez was working on a red pickup truck. He had worked at Marathon for 10 years. “No other jobs in this city are paying off,” said 39-year-old Sanchez.

“It will have an impact on us,” said the city’s mayor, Louis Bonaguidi, earlier this year about the closure of the marathon plant. “It will surely affect the real estate market. But it will also affect all companies. “

As I drove through Gallup the day before Thanksgiving, the last few minutes of sun lit the rails of the Atlantic and Pacific Railroad. Despite the fighting in the city, I could still feel a pride in the community as I drove around.

But the feeling of vulnerability was just as evident. Even before the pandemic, more than a quarter of the city’s residents were living in poverty, and that number has increased this year.

Shortly after my visit to Rehoboth Medical Center, I watched a group of Navajo men lower a bronze-colored coffin into a grave in a cemetery 50 miles north of Gallup. It wasn’t the only virus-related funeral scheduled there this week.

Production by Renee Melides

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World News

Covid resurgence in Japan, South Korea may hit Asia’s financial restoration

Snow falls as people wearing face masks walk through the Asakusa district on March 29, 2020 in Tokyo, Japan.

Tomohiro Ohsumi | Getty Images

SINGAPORE – Towards the end of 2020, many investors are viewing Asia as the region with one of the best economic prospects for the next year as the coronavirus outbreak can be relatively better controlled.

However, a recent surge in Covid cases in some countries threatens to dampen the region’s economic outlook, some analysts have warned.

“For some of the Asian giants, this year’s problems with Covid-19 are unlikely to get better when the clock strikes 12 noon on New Year’s Eve,” said research firm Pantheon Macroeconomics.

However, many parts of Asia – where the virus first appeared – remain lower than in Europe and the US, data from Johns Hopkins University showed.

For some of the Asian giants, this year’s Covid-19 problems are unlikely to get better when the clock strikes 12 noon on New Year’s Eve.

But some countries are now struggling with a far worse resurgence than they did earlier in the pandemic. Even areas that have made great strides in containing the virus may not be spared. Taiwan this week reports its first locally transmitted case since April 12 – underscoring the difficulty in eradicating Covid.

Here’s a look at the Asian economies grappling with a renewed spike in coronavirus infections and how that would affect their economic prospects.

Japan

  • Covid-19 balance sheet: 207,007 cumulative confirmed cases and 2,941 deaths as of Wednesday, according to Hopkins data.

The number of daily reported coronavirus infections in Japan rose again in November and topped 3,000 for the first time last week, Hopkins data showed.

According to Reuters, medical groups in the country warned the pandemic will put a significant strain on the health system. However, Japanese Prime Minister Yoshihide Suga has failed to declare a state of national emergency – although he said he was suspending a travel subsidy program to slow the spread of the coronavirus, the news agency reported.

Economists at Pantheon Macroeconomics wrote in a Wednesday report that the Japanese government’s “relatively soft” rules on social distancing don’t appear to be working and that this could lead to tougher measures in the coming months.

“Therefore, a second and more effective nationwide state of emergency in Japan early next year cannot be ruled out,” the economists said. That would weigh on Japan’s economy in the first quarter of 2021, they added.

South Korea

  • Covid-19 Record: According to Hopkins, there were 53,533 cumulative confirmed cases and 756 deaths on Wednesday.

As in Japan, the daily incidence in South Korea reached unprecedented levels this month – above 1,000 for the first time since the outbreak.

But unlike in Japan, the government in South Korea has taken a tougher stance in response to the new wave of Covid cases.

The government on Tuesday announced a nationwide ban on gathering five or more people and ordered the closure of tourist attractions such as ski slopes and other winter sports facilities, Yonhap news agency reported.

This move, according to Pantheon Macroeconomics, would allow most of South Korea’s economic damage to be contained, for the most part, in the fourth quarter of this year.

Malaysia

  • Covid-19 balance sheet: 98,737 cumulative confirmed cases and 444 deaths on Wednesday, according to Hopkins data.

The Southeast Asian country kept Covid cases to a minimum before the recent surge from October, Hopkins data showed. This prompted the government to impose a new round of partial closure measures in some parts of the country.

Economists with consulting firm Capital Economics said the outlook for the Malaysian economy had become “less optimistic” this quarter, particularly in the area of ​​consumer spending.

“A second wave of the virus and the reintroduction of many restrictions on movement have reversed the sharp recovery in home consumption in the third quarter. Google’s high-frequency mobility data suggests social distancing continues to weigh on activity,” a report said Tuesday.

But the other parts of the economy – like exports – should continue to perform strongly, so the macroeconomic success of the recent resurgence is likely to be “much less” than the previous wave, the economists said.