Saturday, December 17, 2022

U.S.-French satellite launched to map almost all of the world’s oceans, lakes, rivers




By —Marcia Dunn, Associated Press

Science Dec 16, 2022 

A U.S.-French satellite that will map almost all of the world’s oceans, lakes and rivers rocketed into orbit Friday.

The predawn launch aboard a SpaceX rocket from Vandenberg Space Force Base in California capped a highly successful year for NASA.

Nicknamed SWOT — short for Surface Water and Ocean Topography — the satellite is needed more than ever as climate change worsens droughts, flooding and coastal erosion, according to scientists. Cheers erupted at control centers in California and France as the spacecraft started its mission.

“It is a pivotal moment, and I’m very excited about it,” said NASA program manager Nadya Vinogradova-Shiffer. “We’re going to see Earth’s water like we’ve never before.”

About the size of a SUV, the satellite will measure the height of water on more than 90% of Earth’s surface, allowing scientists to track the flow and identify potential high-risk areas. It will also survey millions of lakes as well as 1.3 million miles (2.1 million kilometers) of rivers, from headwater to mouth.

WATCH:Artemis 1’s Orion spacecraft splashes down after moon flyby

The satellite will shoot radar pulses at Earth, with the signals bouncing back to be received by a pair of antennas, one on each end of a 33-foot (10-meter) boom.

It should be able to make out currents and eddies less than 13 miles (21 kilometers) across, as well as areas of the ocean where water masses of varying temperatures merge.

NASA’s current fleet of nearly 30 Earth-observing satellites cannot make out such slight features. And while these older satellites can map the extent of lakes and rivers, their measurements are not as detailed, said the University of North Carolina’s Tamlin Pavelsky, who is part of the mission.

Perhaps most importantly, the satellite will reveal the location and speed of rising sea levels and the shift of coastlines, key to saving lives and property. It will cover the globe between the Arctic and Antarctica at least once every three weeks, as it orbits more than 550 miles (890 kilometers) high. The mission is expected to last three years.

READ MORE: How the James Webb Space Telescope captures stunning images of space

Laurie Leshin, the director of NASA’s Jet Propulsion Laboratory in Pasadena, California, noted that while the agency is known for its Mars rovers and space telescopes, “this is the planet we care most about.”

“We’ve got a lot of eyes on Earth,” with even more globe-surveying missions planned in the next few years, she added.

NASA and the French Space Agency collaborated on the $1.2 billion SWOT project — some 20 years in the making — with Britain and Canada chipping in.

Already recycled, the first-stage booster returned to Vandenberg eight minutes after liftoff to fly again one day. When the double sonic booms sounded, “Everybody jumped out of their skin, and it was exhilarating. What a morning,” said Taryn Tomlinson, an Earth science director at the Canadian Space Agency.

It’s the latest milestone this year for NASA. Among the other highlights: glamour shots of the universe from the new Webb Space Telescope; the Dart spacecraft’s dead-on slam into an asteroid in the first planetary defense test; and the Orion capsule’s recent return from the moon following a test flight.
More questions than answers as EU corruption scandal unfolds

By LORNE COOK and COLLEEN BARRY

1 of 7
A man walks down stairs during a special session on lobbying at the European Parliament in Strasbourg, eastern France, Dec. 12, 2022. Following months of investigations, police have so far launched more than 20 raids, mostly in Belgium but also in Italy. Hundreds of thousands of euros have been found in Brussels and four people have been charged since Dec. 9 with corruption, participation in a criminal group and money laundering. 
(AP Photo/Jean-Francois Badias, File)



BRUSSELS (AP) — No one answers the door or the phone at the offices of the two campaign groups linked to a cash-for-favors corruption scandal at the European Union’s parliament, allegedly involving Qatar. No light is visible inside.

No Peace Without Justice (NPWJ), a pro-human rights and democracy organization, and Fight Impunity, which seeks to bring rights abusers to book, share the same address, on prime real estate in the governmental quarter of the Belgian capital.

The heads of the two organizations are among four people charged since Dec. 9 with corruption, participation in a criminal group and money laundering. Prosecutors said in a statement that they suspect certain European lawmakers and aides “were paid large sums of money or offered substantial gifts to influence parliament’s decisions.”

Qatar rejects allegations that it’s involved. The Gulf country that’s hosting the soccer World Cup has gone to considerable trouble to boost its public image and defend itself against extensive criticism in the West over its human rights record. It has also lobbied the EU recently on visa and air transport issues.

The lawyer for Fight Impunity President Pier Antonio Panzeri is not talking. He declined to comment about his client’s role in an affair that has shaken the European Parliament and halted the assembly’s work on Qatar-related files.

The secretary-general of NPWJ, Niccolo Figa-Talamanca, has left jail but must wear an electronic monitoring bracelet. On its Italian website, after he stepped down, the group praised his work, saying it hopes “the ongoing investigation will demonstrate the correctness of his actions.”

Charged along with them are Eva Kaili, who was removed as an EU parliament vice president after the charges were laid, and her partner Francesco Giorgi, a parliamentary assistant. Pictures they’ve posted on social media project the image of an attractive and ambitious Mediterranean jet-set couple.

Following months of investigations, police have so far launched more than 20 raids, mostly in Belgium but also in Italy. Hundreds of thousands of euros have been found in Brussels: at an apartment and in a suitcase at a hotel not far from the parliament.

Mobile telephones, computer equipment and the data of 10 parliamentary assistants were seized.

Taking to Twitter, Belgian Justice Minister Vincent Van Quickenborne described what he calls the “Qatargate” investigation as a “game changer.” It was achieved, he said, “partly thanks to years of work by State Security,” the country’s intelligence agency.

According to what Italian newspaper La Repubblica and Belgian daily Le Soir said were transcripts they had obtained of his Dec. 10 statements to prosecutors, Giorgi allegedly confessed to managing money on behalf of an “organization” led by Panzeri that dealt with Qatari and Moroccan representatives.

“I did it all for money, which I needed,” Giorgi told prosecutors, according to La Repubblica. He tried to protect his partner Kaili, a 44-year-old Greek former TV presenter with whom he has an infant daughter, asking that she be released from jail. Kaili’s lawyer has said she knew nothing about the money.

Giorgi arrived in Belgium in 2009. He made a career at the parliament with the center-left Socialists and Democrats (S&D) group. He met Panzeri, at the time an EU lawmaker, at a conference. “I asked him to give me an internship, and he did,” Giorgi said in his statement.

Panzeri became his mentor, made him an assistant and introduced him around, the Italian newspaper said. Giorgi expressed relief that the scheme had been uncovered. He described himself as a simple person who got in over his head due to a moral obligation he felt toward Panzeri.

Up until his arrest, Giorgi worked as an assistant for another S&D lawmaker, Andrea Cozzolino. Italy’s center-left Democratic Party suspended Cozzolino on Friday while the probe goes on. He temporarily withdrew from the S&D.

In Italy last weekend, Panzeri’s wife, Maria Dolores Colleoni, and daughter, Silvia Panzeri, were taken into custody on a European arrest warrant. A court in Brescia ordered them to be placed under house arrest, one of their lawyers told AP.

On Friday, a Milan judicial source confirmed to AP that 17,000 euros ($18,075) were seized during a search of Panzeri’s house, where his wife is staying, in Calusco d’Adda in the Bergamo province northeast of Milan. Police also seized computers, cell phones, watches and documents.

Police separately found a key to a safe deposit box in the house of Giorgi’s parents in the Milan suburb of Abbiategrasso, leading investigators to discover 20,000 euros ($21,260) in cash.

Panzeri’s wife is expected to appear in court again on Monday, when a panel of judges will decide whether to extradite her to Belgium. A similar hearing will be held Tuesday for their daughter. Kaili is due to face court in Brussels on Thursday.

The source in Milan, who spoke on condition of anonymity because they were not authorized to comment publicly, said Italian investigators were looking at other people but declined to identify them. The source said they were not EU lawmakers or people associated with the campaign groups.

Many questions remain unanswered about the scandal. What Qatari officials, if any, were involved? Why target the EU’s parliament? How wide is the investigators’ net? What was the role of Panzeri, the former lawmaker and president of Fight Impunity?

No light shines in his office, but Panzeri’s own words on his group’s website could point the way: “Martin Luther King Jr. once said, ‘let us realize the arc of the moral universe is long, but it bends toward justice.’ If we are to continue to move towards justice, accountability must be our guiding light.”

___

Barry reported from Milan. Samuel Petrequin in Brussels and Nicole Winfield in Rome contributed.
PRIVATIZATION FAIL
Efforts to restructure Puerto Rico power company debt wobble

Fri, December 16, 2022 



SAN JUAN, Puerto Rico (AP) — Puerto Rico’s power company appears destined for an even longer bankruptcy than expected after several creditors rejected a new debt restructuring plan filed late Friday following years of failed negotiations.

A federal control board that oversees the island’s finances filed a plan that proposes to cut by nearly half the more than $10 billion of debt held by Puerto Rico’s Electric Power Authority, the largest of any local government agency.

Board chairman David Skeel warned that residents and businesses in the U.S. territory will “shoulder the payments of this greatly reduced debt through their electricity bill."

“However, (the power company) needs to move on, and Puerto Rico needs reliable electricity,” he said.

The announcement riled many Puerto Ricans already burdened by a deep economic crisis and recent power bill increases despite chronic outages blamed in part on crumbling infrastructure resulting from decades of neglect and mismanagement.

The board noted that two classes of creditors agreed to support the plan, surpassing a legal requirement that at least one has to support it for a federal judge to implement it across the board.

Skeel noted that no agreement was reached with the holders and guarantors of $7.6 billion worth of power company bonds, adding that the plan would allow them to join a settlement class as one option.

“Puerto Rico residents and businesses simply cannot pay what some creditors demand at this point,” he said, adding that the board is open to further negotiations. “We hope we will find a viable compromise.”


The Ad Hoc Group, which includes companies that hold or insure nearly half of the power company’s debt, rejected the plan, calling it “highly coercive” and warned it would only serve to extend the company’s nearly six-year-long bankruptcy.

“The biggest losers in this debacle are the island’s residents,” said Stephen Spencer of Houlihan Lokey, the group’s financial adviser.

The drawn-out bankruptcy already has cost more than $200 million in legal fees as litigation and mediation talks continue.

Spencer noted the power company has reneged on three debt restructuring deals since 2015, with Gov. Pedro Pierluisi announcing in March that he was rejecting the newest plan because it wasn’t feasible or in the island’s best interest.

A federal judge overseeing Puerto Rico’s bankruptcy case ordered a fresh round of mediation talks in September after the previous ones failed.

Puerto Rico has restructured nearly all its debt since announcing in 2015 that it was unable to pay its more than $70 billion public debt load and filed for the biggest U.S. municipal bankruptcy in history two years later.

The power company’s debt is the only one pending, and resolving it is considered key to help attract investors to the island and boost its economic development.

Dánica Coto, The Associated Press
Canadians are waiting longer than ever for medical treatments, data reveals

Yahoo Canada
December 9, 2022

A nurse tends to a patient in the Intensive Care Unit at the Bluewater Health Hospital in Sarnia, Ont., on Tuesday, January 25, 2022. Personal support workers in Ontario hospitals were promised last spring that a wage increase introduced during the pandemic would remain permanently on their paychecks. THE CANADIAN PRESS/Chris Young (The Canadian Press)

An annual survey of physicians reveals that Canadians have waited longer than ever before for medical treatment this year.

A study from the Fraser Institute, with data collected between Jan. 10 to Sept. 15, 2022, from 855 respondents across 12 medical specialties, found that the median wait time for medical procedures was 27.4 weeks, the longest ever recorded.

Ontario had the shortest wait time at 20.3 weeks while Prince Edward Island had the longest wait time in Canada at 64.7 weeks.

“Excessively long wait times remain a defining characteristic of Canada’s health-care system,” a statement from Mackenzie Moir, Fraser Institute policy analyst and co-author of the report reads.

“They aren’t simply minor inconveniences, they can result in increased suffering for patients, lost productivity at work, a decreased quality of life, and in the worst cases, disability or death.”

It's estimated that across the 10 provinces the total number of procedures people are waiting for in 2022 is 1,228,047.

"This means that, assuming that each person waits for only one procedure, 3.2 per cent of Canadians are waiting for treatment in 2022," the report states. "Physicians report that only about 11.03 per cent of their patients are on a waiting list because they requested a delay or postponement."

October data released by Health Quality Ontario (HQO) on Thursday reveals that patients spend an average of 2.2 hours waiting for their first assessment by a physician in provincial emergency departments.

For patients with a low-urgency medical condition, 72 per cent finish their emergency visit within the target time of four hours. For high-urgency patients, 88 per cent finish their emergency visit within the target time of eight hours.
The EU plans to sanction Twitter for its 'arbitrary suspension of journalists'
"There are red lines. And sanctions, soon."

By Cecily Mauran on December 16, 2022


The EU is defending media freedom online. 

After Twitter suspended several prominent journalists on Thursday night for allegedly violating company policy, the EU says sanctions are on the way.

The accounts now temporarily suspended from the platform for seven days include Ryan Mac from the New York Times, Donie O'Sullivan from CNN, Drew Harwell from The Washington Post, political commentator Keith Olbermann, journalist Tony Webster, Micah Flee from The Intercept, Steve Herman from the Voice of America, journalist Aaron Rupar, and Mashable reporter Matt Binder.

It was initially unclear what led to the mass account suspension, but Twitter owner and CEO Elon Musk later tweeted, "Accounts engaged in doxxing receive a temporary 7 day suspension," implying that said journalists had violated Twitter's safety policy which limits live location sharing, even though they didn't.

Here are the events that led up to this mass suspension:


On Wednesday, Twitter banned an account called "ElonJet." The account, owned by college student Jack Sweeney, tracks the whereabouts of Elon Musk's private jet using publicly available information. It was momentarily unbanned, then banned again.

Then that same day, Musk tweeted that a car carrying his son "was followed by crazy stalker" who "blocked [the] car from moving and climbed onto [its] hood." In the tweet, Musk said that he was pursuing legal action against Sweeney.

Journalists like Binder who were suspended Thursday night had previously tweeted about Twitter's handling of the ElonJet account suspension, while some had also shared the official LAPD statement regarding the incident connected to Musk's son.

Following this series of events, Vera Journova, vice president of Values and Transparency in the EU Commission, threatened sanctions against Twitter, citing the EU's Digital Services Act which passed in November and will go into effect in 2023. "News about arbitrary suspension of journalists on Twitter is worrying. EU’s Digital Services Act requires respect of media freedom and fundamental rights. This is reinforced under our #MediaFreedomAct," Journova tweeted.



SEE ALSO: Twitter suspends accounts of multiple tech journalists without explanation

The "arbitrary suspension" refers to the fact that the tweets from suspended accounts didn't violate Twitter's policy.

Binder told Mashable he was suspended on Thursday night after sharing a screenshotted tweet from CNN's O'Sullivan who had just been suspended. "The screenshot was an official LAPD statement regarding the incident Elon Musk was tweeting out about last night which led him to suspending ElonJet and its creator Jack Sweeney. I did not share any location data, as per Twitter's new terms. Nor did I share any links to ElonJet or other location tracking accounts."

The LAPD statement does not contain any location data and says the following: "LAPD's Threat Management Unit is aware of the situation and tweet by Elon Musk and is in contact with his representatives and security team. No crime reports have been filed yet."


In an email to Mashable, EU Commission spokesperson Charles Manoury said, "The Commission will keep monitoring developments as they take place to ensure that once the DSA enters into force, Twitter, like all other online platforms concerned, will follow the rules." In his statement, Manoury said the Digital Services Act "will apply to all platforms, in particular the big ones, to make sure their power over public debate is framed by regulation adopted by legislators."

One of the DSA's core objectives is to protect freedom of expression online and to ensure that "terms and condition of platforms are clear, understandable and transparent" and that "users have right of complaint and redress against content moderation decision."

Online platforms that don't comply with this act might face penalties within the EU, including monetary fines and temporary suspension of service.

How Twitter's bid to cut costs are weighing on an obscure group of investors

The social media company's failure to pay rent on its headquarters is impacting bond holders tied to the building

Elon Musk’s efforts to cut costs at Twitter are hitting an obscure group of investors: holders of bonds tied to the company’s headquarters building in San Francisco.

Twitter hasn’t paid rent on its headquarters, or any of its other global offices, in weeks, the New York Times reported on December 13.

Its main office at 1355 Market Street in San Francisco has a mortgage that was packaged into a $400 million bond in 2015.

Prices on one portion of the bond dropped to about 85 cents on the dollar in the middle of the week, from around 99 cents on Tuesday, according to price data compiled by Bloomberg. Those securities were originally rated B- by Morningstar.

Twitter isn’t the only tenant in the building, but it’s the biggest by far.

The social media company is also looking to renegotiate terms of its leases on offices, including its San Francisco headquarters, according to the New York Times.

Shorenstein Realty Investors manages the building and owns a portion alongside outside investors.

Twitter’s efforts to cut lease expenses only adds to the owners’ difficulty.

The mortgage on the building matured in September and the borrower failed to refinance it, according to Morningstar Credit Information and Analytics.

Getting mortgages on big office buildings is difficult enough now, but missed lease payments from the biggest tenant will only make efforts to refinance the property harder, said David Putro, head of commercial real estate analytics at MCIA.

“In an already difficult lending environment, even a temporary cessation of lease payments would further complicate a refinancing,” said Mr Putro.

If Shorenstein and others on the hook for repayments fail to repay the mortgage loan again in January, lenders have a handful of options to try to ensure they get paid.

That could include giving the borrowers more time to repay bondholders in exchange for other borrower concessions and equity contributions, or foreclosing on the building and selling it, said Michael Cohen, managing partner at Brighton Capital Advisers.

A surge of Wall Street players are screaming that Elon Musk's Twitter obsession is hurting Tesla

Asia Martin
Dec 16, 2022
Elon Musk is the CEO of both Twitter and Tesla. 
AND SPACEX AND BORING COMPANY


SEC filings on Wednesday revealed Elon Musk sold $3.6 billion more in Tesla stock.
Analysts speculate the proceeds will help cover Twitter's deficits, raising concerns.
Dan Ives stated that Musk is 'using Tesla as his own ATM machine' to fund Twitter.

The impact of Elon Musk buying Twitter on Tesla is getting scarier for investors. For the third time, after saying in April that he had "no further TSLA sales planned," filings made on Wednesday revealed Musk sold 22 million more shares of Tesla, valued some $3.6 billion. That brings the total amount of Tesla stock that Musk has sold this year to $23 billion.

Just a few days ago, Musk promised that in the long haul, Tesla would benefit from his ownership of Twitter. But there's growing skepticism from analysts that will happen. Dan Ives at Wedbush wrote in a report on Thursday that Twitter remains a nightmare for investors because Musk has been using "Tesla as his own ATM machine to keep funding" the social network.

Tesla's falling electric vehicle sales as countries around the world face their own recessions amid the ongoing fall out of the pandemic isn't necessarily a shock. But it does present a problem for Tesla and its owner, who continues to use its shares to fund his refashioning of Twitter for his ventures to build out 'the everything app' that he refers to under the name "X."

Ultimately, Elon promised Tesla shareholders they'd benefit from Twitter. He also promised he wouldn't sell any more Tesla stock. It's up to Tesla investors to decide whether he plans to keep his promise.

"Elon is Tesla's brand. He needs to pull it together," Loup Ventures' Gene Munster said to CNBC earlier this week. Some, like major Tesla shareholder KoGuan Leo, have gone so far as to suggest that Musk has "abandoned" his duties at the carmaker, and called for a new CEO to replace him.

Meanwhile, Insider has reported on a slate of problems for Twitter that include: advertisers that have suspended their activity on the platform; the failure of Elon's reimagined Twitter Blue; growing concern around the rise of bigotry on the platform; and Elon's troubling political tweets that seem to be adding to the non-stop swirl of controversy around the company.

In his note to clients, Ives maintained an outperform rating for Tesla, indicating that he expects Tesla's rate of return to do better than its peers despite signs that it won't be the best performer in the batch.

Munster, for his part, further admonished that Elon would cause long-term damage if he does nothing about the number of issues arising from the billionaire's purchase of Twitter.

The broader market is also worried. Tesla's stock has dropped 31% since Musk bought Twitter at the end of October. When you track how the stock has held up since Musk's offer to buy Twitter in mid-April, it's down 52%. It should be noted that tech stocks lost trillions of dollars in value this year due to a drop in consumer demand, inflation, and the overall market correction from the astronomical multiples seen the year before.

Tesla faces other issues besides Musk's Twitter problems. The company is no longer the main electric car maker on the block in multiple countries. Since new entrants have carved out their own market share and traditional automakers have successfully launched a series of hybrids and their own EV models, Tesla has seen a rise in competition in the US, China, and parts of Europe.

It was only earlier this month that Bloomberg reported that Tesla was slashing some of its production output in China by 20% to 30%, a sign that the reality of sales didn't live up to what they were projected to be. It's been also reported that the EV maker lowered the cost of its cars in China in an attempt to boost sales. It worked, but Tesla ultimately lost out to its Chinese competition, BYD.

"More activism and growing investor frustration will force the Board of Tesla to confront some of these issues head on in the near-term. This is a moment of truth for Musk and Tesla," wrote Ives.

Correction, December 16, 2022 — In a previous version of this article, we misstated that Gene Munster spoke to Insider. He made his comments during an appearance on CNBC.

The impact of the US vaccination program on reducing infections, hospitalizations, and deaths

A recent study by The Commonwealth Fund reported that in the two years following the initiation of the United States (US) coronavirus disease 2019 (COVID-19) vaccination campaign, over 18 million hospitalizations and three million deaths have been prevented, and close to $1.15 trillion have been saved in medical costs.

Study: Two Years of U.S. COVID-19 Vaccines Have Prevented Millions of Hospitalizations and Deaths. Image Credit: Studio Romantic/Shutterstock
Study: Two Years of U.S. COVID-19 Vaccines Have Prevented Millions of Hospitalizations and Deaths. Image Credit: Studio Romantic/Shutterstock

Background

The rapid development of COVID-19 vaccines has successfully limited the severity of the disease and significantly reduced the number of hospitalizations and death worldwide.

In the US, in the last two years since the initiation of the COVID-19 vaccination campaign, close to 80% of the country’s population has received a minimum of one dose. With the emergence of novel variants exhibiting immune evasive properties, the US has also approved the administration of booster doses specific for these variants.

Although the bivalent vaccines, which were more effective against the Omicron variants, had not been introduced at the time, the monovalent vaccine coverage has significantly reduced the number of deaths and the burden on hospitals during the dominance of the Omicron variant in the US.

About the study

In the present study, the researchers used a computer simulation model to evaluate disease transmission in different scenarios and estimate the number of hospitalizations and deaths that have been prevented after the initiation of the vaccination campaign. Risk factors, demographic information, and immunological interactions during infections and vaccination were incorporated into the model.

Additionally, parameters such as the waning of vaccine-induced or natural immunity, as well as characteristics of different severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) variants, were included in the model.

Five variants, apart from the original Wuhan-Hu-1 strain, that had a cumulative prevalence of 3% or more in the population were integrated into the model, including Iota, Alpha, Delta, Gamma, and Omicron.

The model also used data on comorbidities, changes in social restrictions during the pandemic, the age-based expansion of vaccine coverage, and the number of vaccine doses administered daily in the US.

Published data on the efficacies of various vaccines against infection, disease severity, and symptoms were used for the simulation. The simulations were performed for scenarios reflecting the actual vaccination coverage and pandemic conditions in the US and compared to scenarios without vaccines.

Major findings

The simulation results indicated that in the two years since the US initiated the vaccination campaign, the number of COVID-19-related hospitalizations and deaths averted were more than 18.5 million and 3.2 million, respectively. The country also saved approximately 1.15 trillion US dollars that would have been incurred as medical costs if the number of infections and hospitalizations had not decreased.

The study reported that the prevention of severe COVID-19 cases through widespread vaccine coverage had also eased the burden on the healthcare system, which was already under the strain of unusually high incidences of respiratory syncytial virus infections and the flu.

Furthermore, the prevention of severe and mild SARS-CoV-2 infections also reduced the long-term burden on the healthcare system caused by the persistent debilitating symptoms characteristic of long coronavirus disease (long COVID).

From a social aspect, vaccinations also allowed the resumption of schools, businesses, and normal activities and allowed the relaxation, albeit slowly, of the restrictions enforced to mitigate the spread of the virus. Despite the administration of vaccines since December 2020, the actual numbers of infections, hospitalizations, and deaths reported in the US have been 82 million, 4.8 million, and 798,000, respectively.

In a scenario without vaccination, the number of infections, hospitalizations, and deaths would have been at least 1.5, 3.8, and 4.1 times more, respectively. Moreover, the economic burden of the medical costs incurred through these additional cases would have crossed $1 trillion.

With the emergence of new Omicron subvariants carrying mutations that enable them to escape the neutralizing antibodies elicited by the earlier vaccines, additional booster doses and bivalent boosters that are more effective against the Omicron subvariants have been introduced since September 2022.

Conclusions

Overall, the results from this simulation study indicated that in the two years since the US launched the COVID-19 vaccination campaign, over 1.5 trillion US dollars have been saved, and more than three million deaths and 18 million hospitalizations have been prevented.

Despite the emergence of immune-evading Omicron subvariants, the US would have faced 4.1 times more deaths and 3.8 times more hospitalizations without the national vaccination campaign.

Additionally, the US also deployed vaccines around the world, which helped in reducing the global incidence of COVID-19 cases and contributed to slowing down the emergence of new variants.

*Important notice

The Commonwealth Fund’s To the Point blog presents up-to-date analysis and commentary on the latest developments in health care and health policy. Please note that the findings of this blog have not been subjected to peer review and, therefore, should not be regarded as conclusive, guide clinical practice/health-related behavior, or treated as established information.

Journal reference:
Dr. Chinta Sidharthan

Written by

Dr. Chinta Sidharthan

Chinta Sidharthan is a writer based in Bangalore, India. Her academic background is in evolutionary biology and genetics, and she has extensive experience in scientific research, teaching, science writing, and herpetology. Chinta holds a Ph.D. in evolutionary biology from the Indian Institute of Science and is passionate about science education, writing, animals, wildlife, and conservation. For her doctoral research, she explored the origins and diversification of blindsnakes in India, as a part of which she did extensive fieldwork in the jungles of southern India. She has received the Canadian Governor General’s bronze medal and Bangalore University gold medal for academic excellence and published her research in high-impact journals.

US treasury head hails EU adoption of global minimum tax

Janet Yellen says deal helps level playing field for US business, protecting American workers

AA SATURDAY 00:28, 17 DECEMBER 2022

US Treasury Secretary Janet Yellen

US Treasury Secretary Janet Yellen on Friday welcomed a decision by the EU to adopt a global minimum tax of 15% on large companies.

"The United States led the world in being the first to adopt a minimum tax on the foreign earnings of domestically parented multinational enterprises, and both I and the President remain deeply committed to take the additional steps needed to implement this agreement, too," Yellen said in a statement.

She said the agreement "helps level the playing field for US business while protecting American workers."

The global system of imposing a minimum 15% tax rate on multinational corporations from 2023 was finalized in October, agreed by 136 countries that represent more than 90% of global gross domestic product, the Organisation for Economic Co-operation and Development (OECD) had announced.

The deal will re-allocate more than $125 billion of profits from around 100 of the world's largest multinational corporations, ensuring that these firms pay a fair share of tax wherever they operate and generate profits, according to the OECD.

Iran protests enter fourth month despite crackdown


Videos show demonstrations against the country's leaders in Sistan and Baluchestan province on Friday

Anti-government protests in Iran entered their fourth month on Friday despite a bloody crackdown, mass arrests and the executions of detained protesters.

Sparked by anger over the death in police custody of Mahsa Amini, a young Iranian Kurd woman arrested for allegedly violating the dress code for women, on September 16, the demonstrations have spread across the country.

On Friday, protesters in Zahedan, the capital of Sistan and Baluchestan province, chanted "Death to the dictator", a reference to Iran's supreme leader Ayatollah Ali Khamenei, according to a verified video shared by Oslo-based Iran Human Rights. Other images from Zahedan showed crowds of men, some raising posters with anti-regime slogans, and a group of black-clad women marching down what appeared to be a nearby street, also chanting slogans.

US-based rights group HRANA said hundreds rallied after Friday prayers in Zahedan, which has seen weekly protests since the security forces killed more than 90 people in the city on September 30, in what has been dubbed "Bloody Friday".

The trigger for that violence was protests over the alleged rape in custody of a 15-year-old girl by a provincial police commander. But analysts say Baluchs were inspired by the protests that flared over Amini's death, which were initially driven by women's rights but have expanded to include other grievances.

Sistan and Baluchestan, on Iran's south-eastern border with Afghanistan and Pakistan, had been the site of often deadly violence even before nationwide protests erupted.

The province's Baluch minority, who adhere to Sunni Islam rather than the Shiite branch predominant in Iran, have long complained of discrimination.

Last week, a cleric was killed after being kidnapped from his mosque in the town of Khash.

Zahedan's chief prosecutor said on Tuesday that the killers of cleric Abdulwahed Rigi had been arrested, and accused them of seeking to stir trouble between Sunnis and Shiites.

The largely peaceful demonstrations sparked by Amini's death have been met with a crackdown by the Iranian security forces that has killed at least 458 protesters, according to a toll issued on December 7 by the Norway-based IHR.

Iran's top security body, the Supreme National Security Council, said on December 3 that more than 200 people had been killed in the unrest, including security personnel.

The United Nations says Iran's security forces have arrested at least 14,000 people.

Iran's judiciary said it has handed down 11 death sentences in connection with the protests.

Iran executed Mohsen Shekari on December 8 and Majidreza Rahnavard on Monday. Both were 23 years old.

Rahnavard was hanged in public rather than in prison as has been usual in the Islamic republic in recent years.

The London-based rights group Amnesty International said on Friday that at least 26 people were at risk of execution in connection with the protests in Iran.

A woman holds a picture of Mahsa Amini during a protest in front of the Iranian consulate in Frankfurt, Germany, on December 16. AFP

The crackdown on the demonstrations has led to international condemnation, sanctions and Iran's removal on Wednesday from a UN women's rights body.

Solidarity protests have also erupted worldwide, and a group of Iranians in Germany on Friday reached the final day of a hunger strike while camped outside their country's consulate in the city of Frankfurt.

Ultraconservative cleric Ahmad Khatami, meanwhile, lashed out at the European Union after the bloc slapped him with sanctions over what it called "repression against protesters".

Mr Khatami was sanctioned for allegedly inciting violence against protesters, including demanding the death penalty.

During a Friday sermon in Tehran, the cleric said the EU had a "black" human rights record, state news agency IRNA reported.

The EU "is on the top of the list of human rights violators", he was quoted as saying.

Iran's foreign ministry on Thursday condemned the EU measures, branding them "unacceptable and groundless".

Iran has accused the US and other countries of fomenting the protests.

With reporting from AFP