Tuesday, March 31, 2020
California emergency manager admits sunbathing on empty beach: 'I own this'
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Meghan Markle, Prince Harry acting like 'defiant teenagers,' author claims
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Mexico’s coronavirus measures blasted by critics as too little, too late
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CNN faces backlash for skipping Trump's initial remarks at White House coronavirus briefing
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DOJ's FISA report contradicts claims by Dems, media figures that surveillance rules were strictly observed
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NJ National Guardsman who died from coronavirus started showing symptoms only days earlier, family says
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Mexico president ramps up rich vs poor rhetoric in coronavirus fight
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Australian authorities take cluster approach to contain coronavirus
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Paris Club creditors agree to cancel $1.4 billion of Somali debt
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Infected but Feeling Fine: The Unwitting Coronavirus Spreaders
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Should I Make My Own Mask?
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‘Never Thought I Would Need It’: Americans Put Pride Aside to Seek Aid
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Liberty University students choose sides after fallout from coronavirus reporting
The New York Times reported this week that almost a dozen Liberty University students have come down with COVID-19 symptoms since the school reopened last week. But Liberty University officials have since pushed back on these claims, calling the Times story “fake news”. Now, students are choosing sides in who they believe is telling the truth.
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Wuhan Residents Dismiss Official Coronavirus Death Toll: ‘The Incinerators Have Been Working Around the Clock’
Wuhan residents are increasingly skeptical of the Chinese Communist Party’s reported coronavirus death count of approximately 2,500 deaths in the city to date, with most people believing the actual number is at least 40,000."Maybe the authorities are gradually releasing the real figures, intentionally or unintentionally, so that people will gradually come to accept the reality," a Wuhan resident, who gave only his surname Mao, told Radio Free Asia.A city source added that, based on the aggregation of funeral and cremation numbers, authorities likely know the real number and are keeping it under wraps."Every funeral home reports data on cremations directly to the authorities twice daily," the source said. "This means that each funeral home only knows how many cremations it has conducted, but not the situation at the other funeral homes."The city began lifting its lockdown on Saturday after two months of mandatory shutdown, with a complete lift of restrictions set for April 8. Funeral homes in Wuhan have been handing out the cremated remains to families every day, but rumors began circulating after one funeral home received two shipments of 5,000 urns over the course of two days, according to photos reported by Chinese media outlet Caixin, which were later censored.Reports of the funeral’s crematoriums working nonstop also raised questions."It can't be right … because the incinerators have been working round the clock, so how can so few people have died?" a man surnamed Zhang told RFA.Wuhan residents said the government was paying families 3,000 yuan for "funeral allowances" in exchange for silence."There have been a lot of funerals in the past few days, and the authorities are handing out 3,000 yuan in hush money to families who get their loved ones' remains laid to rest ahead of Qing Ming," Wuhan resident Chen Yaohui said, in a reference to the traditional grave tending festival on April 5.“During the epidemic, they transferred cremation workers from around China to Wuhan keep cremate bodies around the clock," he added.China has used state propaganda in an attempt to avoid blame for the spreading of COVID-19, despite reports showing how the government suppressed initial reports of human-to-human transmission and gagged Wuhan labs that discovered the novel virus resembled the deadly SARS virus of 2002-2003.
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U.S. records 700 coronavirus deaths in a single day for first time
The U.S. government raced to build hundreds of makeshift hospitals to ease the strain on overwhelmed healthcare systems as the United States marked 700 deaths in a single day from COVID-19 for the first time on Tuesday. Nearly half those deaths were in New York state, still the epicenter of the coronavirus pandemic, and New York City Mayor Bill de Blasio pleaded for reinforcements from the Trump administration, saying the worst may still be weeks away. De Blasio, a Democrat, said he had asked the White House for an additional 1,000 nurses, 300 respiratory therapists and 150 doctors by April 5 but had yet to receive an answer from the Trump administration.
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After more than 10,000 coronavirus deaths — the worst in the world — Italy is showing signs that its 3-week lockdown is working
Do I Have to Pay My Rent or Mortgage During the Pandemic?
As March winds down, at least 250 million Americans have been told to stay home or “shelter in place” to help stop the spread of COVID-19. Problem is, many can’t help wondering if they can still afford a place to shelter in—if they ever could.Long before the coronavirus pandemic, generous swaths of the United States faced an affordable housing crisis. With millions of Americans losing their jobs and millions more facing unemployment in the near future thanks to a concerted economic shutdown geared at reining in the disease, talk of rent strikes and freezes are in the air.The Trump administration recently nodded to the problem by ordering a foreclosure moratorium on single-family home mortgages backed by the Federal Housing Administration or obtained through government-owned lenders Fannie Mae and Freddie Mac. Fannie and Freddie have also offered forbearance for borrowers experiencing hardship. And the finance giants have dangled payment relief to indebted apartment building owners who grant respite to renters, a move the Federal Housing Finance Agency estimates could affect 43 percent of the market in multifamily leases. Then there’s the $2 trillion stimulus bill that passed last week, which contains language forbidding evictions and late charges on any property receiving virtually any federal aid. It also permits those owing money to Fannie or Freddie to request up to six months of forbearance, though it leaves the onus on borrowers to do so.If your home doesn’t fall under one of these categories or programs, and you’re wondering if you owe money to your landlord or lender, the answer is probably yes—at least for now. Still, some state and local governments have moved to stem evictions and foreclosures for everyone, and a few are even freezing rent and mortgage payments entirely. Here’s a breakdown of COVID-19 rules on housing across every state and many large metropolitan areas. This story will be updated as events warrant.Will the U.S. Run Out of Groceries Under Lockdown?Alabama: No specific government measures to prevent evictions or foreclosures, but local Regions Bank is offering a mortgage payment reprieve and the state Supreme Court has cancelled in-person proceedings until April 16, which may stem new removal proceedings. Individual judges may conduct business via phone or video, however.Alaska: Gov. Mike Dunleavy has forestalled evictions and foreclosures of any tenant or homeowner covered by the Alaska Housing Finance Corporation, while the state Supreme Court has halted eviction hearings until May 1 and barred enforcement of outstanding ejectment orders against quarantined people.Arizona: Gov. Doug Ducey has ordered a 120-day stay on eviction orders against anybody quarantined or experiencing hardship because of COVID-19, starting March 24, and has launched a $5 million rental assistance fund. The state’s “Save Our Home AZ Program” is offering principal reduction assistance, monthly mortgage subsidy assistance, and second lien elimination assistance.Arkansas: No special COVID-19 programs in place as of this writing.California: Gov. Gavin Newsom has ordered a statewide ban on evictions through the end of May, so long as tenants provide notice in writing within one week of their rent coming due that they cannot pay due to the disease. He has also cut a deal with Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and 200 smaller lending institutions to defer mortgage payments for up to 90 days from borrowers who can show they've lost income during the crisis. Bank of America has assented to a 30-day grace period for mortgage payments. The City of Glendale has banned rent increases through at least April 30 (though not rent payments). Philanthropists in San Diego have established a COVID-19 Community Response Fund to provide rent, mortgage, and utility assistance to struggling locals. Colorado: Gov. Jared Polis has issued non-binding guidance to state-chartered banks discouraging foreclosures, and Denver has reassigned deputies away from eviction enforcement.Connecticut: James W. Abrams, Chief Judge for Civil Matters, has issued a stay of all evictions and ejectments through May 1, and postponed all foreclosure sales until June 6.Delaware: The Justice of the Peace Court has postponed all eviction proceedings until after May 1, while Gov. John Carney has put off all residential mortgage foreclosures until 31 days after he lifts his order of emergency. Late fees or excess interest are forbidden.Florida: No state programs in place as of this writing, but the Orange County Sheriff's Office has put off eviction enforcement "until further notice," as have police in Miami-Dade. The latter county has also called off evictions in its public housing.Georgia: No state programs in place as of this writing. But on March 17, Atlanta Mayor Keisha Lance Bottoms issued an executive order imposing an eviction moratorium on the Atlanta Housing Authority, Atlanta Beltline Inc., the Fulton County/City of Atlanta Land Bank Authority, Invest Atlanta, Partners for Home, and the city Department of Grants and Community Development.Hawaii: The Hawaii Department of Public Safety Sheriff Division has indefinitely suspended evictions.Idaho: No state programs in place as of this writing, but Boise public housing has waived rent and ended removals, and a judge has called off eviction hearings in Blaine County.Illinois: Gov. J.B. Pritzker has barred evictions through April 7 by executive order. Courts have ordered longer cessations of evictions, including in Cook County (April 15) and in Peoria, Tazewell, Marshall, Putnam, and Stark Counties (April 17). A court covering Kendall and DeKalb Counties has barred new eviction and foreclosure proceedings for 30 days beginning March 18. Chicago is providing 2,000 residents with $1,000 grants to help cover rent and mortgage payments.Indiana: Gov. Eric Holcomb has decreed an end to evictions or foreclosures until the end of his declared state of emergency.Iowa: Gov. Kim Reynolds has halted foreclosures and evictions for the duration of a declared state of emergency, except in cases involving squatters.Kansas: Gov. Laura Kelly has stayed evictions and foreclosures until May 1.Kentucky: Gov. Andy Beshear signed an executive order March 25 suspending all evictions for the term of a declared emergency, while the Kentucky Supreme Court suspended all evictions until April 10.Louisiana: Gov. John Bel Edwards has halted evictions and foreclosures.Maine: Maine courts are closed for eviction proceedings through May 1.Maryland: Gov. Larry Hogan has forbidden the eviction of any tenant who can demonstrate loss of income related to the crisis.Massachusetts: Trial courts are closed through April 21 under order of the State Supreme Judicial Court, preventing evictions from advancing. Gov. Charlie Baker has announced $5 million in rental assistance, while the mayor of Boston has called off evictions by the city housing authority.Michigan: Gov. Gretchen Whitmer has banned evictions until April 17, and the state Department of Health and Human Services is offering up to $2,000 in emergency assistance to prevent foreclosures.Minnesota: Gov. Tim Walz has suspended evictions and foreclosures during a declared state of emergency.Mississippi: No programs in place as of this writing.Missouri: No state programs in place as of this writing, but evictions are suspended in Jackson County until at least April 18, in Boone and Callaway Counties until April 17, and indefinitely in St. Louis County.Montana: No programs in place as of this writing.Nebraska: Gov. Ed Ricketts’ executive order has postponed all eviction proceedings for anybody impacted by the virus until May 31. The Omaha Housing Authority has called off evictions, while the Metro Omaha Property Owners Association—a landlord group—has requested its members reduce rents by 10 percent in the month of April.Nevada: Gov. Steve Sisolak has blocked all eviction notices, executions, and tenant lockouts via emergency order for the entire length of the pandemic. State Treasurer Zach Conine has announced that lenders have agreed to a 90-day grace period for borrowers, although each mortgagee must reach an individual payment arrangement with their bank.New Hampshire: Gov. Chris Sununu has barred evictions and foreclosures via executive order during the emergency.New Jersey: Gov. Phil Murphy signed an executive order March 19 placing a moratorium on evictions and foreclosures for at least 60 days. On March 28, he instated a 90-day grace period for late mortgage payments, forbidding banks from charging hard-up borrowers late fees or making negative reports on them to credit agencies.New Mexico: The State Supreme Court has indefinitely suspended evictions of tenants who can furnish evidence the crisis has left them unable to pay rent. Albuquerque has suspended evictions for public housing tenants, while Santa Fe has halted removal of those who can prove hardship.New York: Chief Administrative Judge Lawrence K. Marks has suspended all evictions until further notice, while Gov. Andrew Cuomo has ordered banks to waive mortgage payments in hardship cases for 90 days. There is no state policy in place on rent payments, despite the governor’s claim that he “took care” of the issue.North Carolina: State Supreme Court Chief Justice Cheri Beasley on March 13 ordered courts to postpone eviction and foreclosure cases for at least 30 days.North Dakota: The State Supreme Court has placed a hold on all eviction proceedings "until further order.”Ohio: Chief Justice Maureen O'Connor has requested, but not obligated, that lower courts stay eviction and foreclosure proceedings. Huntington, PNC, Fifth Third, Citizens, Third Federal, Chase, and Key Banks are all offering mortgage assistance to struggling borrowers.Oklahoma: No state policy in place as of this writing, but Tulsa County has halted evictions and foreclosures until April 15, while the Oklahoma County Sheriff's Office has suspended enforcement of housing ejectments until “appropriate.”Oregon: Gov. Kate Brown has suspended eviction for nonpayment of rent for 90 days beginning March 22.This Is What a Coronavirus Lockdown Means in Each StatePennsylvania: The state Supreme Court decreed March 18 that neither evictions nor foreclosures could go forward for at least two weeks.Puerto Rico: U.S. District Judge Gustavo A. Gelpà has suspended all eviction orders and foreclosure proceedings until May 30. The island's Public Housing Administration announced it will not collect rent from tenants until the expiration of Gov. Wanda Vasquez's order of social isolation—an order she recently extended to April 12. Residents of the government-owned developments will be liable for the payments after the governor's decree lifts, although they may apply for reductions based on loss of income.Rhode Island: Gov. Gina Raimondo ordered courts not to process evictions for 30 days starting March 19.South Carolina: Chief Justice Don Beatty has ordered a halt to all evictions until May 1.South Dakota: No state policies in place as of this writing, but Sioux Falls Mayor Paul TenHaken has established a fund to provide financial assistance to those facing eviction.Tennessee: The Tennessee Supreme Court has ordered judges not to proceed with eviction cases until April 30, unless "exceptional circumstances" prevail.Texas: The Texas Supreme Court halted all evictions until April 19, subject to an extension by the chief justice. A Dallas County judge has put a stop to new removal cases and landlord recoveries until May 17. The city of Austin passed an ordinance March 26 granting renters a 60-day grace period and preventing landlords from initiating evictions. Nonetheless, renters who can pay rent are encouraged to do so.Utah: No state policies in place as of this writing, but the Utah Apartment Association—a trade group— has generated a proposed “rent deferral agreement” for impacted tenants.Vermont: The Vermont Supreme Court has suspended non-emergency hearings such as evictions until April 15, but individual courts may hold such proceedings remotely. Burlington-based affordable housing operators Champlain Housing Trust, Burlington Housing Authority, and Cathedral Square have all committed to suspending evictions.Virginia: The Virginia Supreme Court has suspended non-essential, non-emergency proceedings such as evictions and foreclosures until April 6.Washington State: Gov. Jay Inslee inked a 30-day eviction moratorium on March 18. Seattle has imposed a 60-day moratorium on evictions beginning March 3, with no late fees, and the King County Sheriff has suspended evictions "until further notice.”Washington, D.C.: The D.C. Superior Court has suspended evictions and foreclosures.West Virginia: The State Supreme Court has suspended all non-emergency proceedings, including housing-related matters, until April 10, and left open the possibility of extension.Wisconsin: Gov. Tony Evers ordered the suspension of evictions and foreclosures until May 26. Judges in Dane and Milwaukee counties have forbidden sheriffs from executing outstanding eviction orders, and the Milwaukee Housing Authority has said it will not evict anybody during the crisis.Wyoming: State Supreme Court Justice Michael K. Davis has ordered all in-person proceedings suspended, and recommended civil trials be rescheduled, which could serve to delay evictions or foreclosures. But local judges have some discretion on whether to conduct trials via video or teleconference.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
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Why Taiwan has become a problem for WHO
U.S. House Speaker Pelosi will not take coronavirus test
U.S. House Speaker Nancy Pelosi said on Tuesday she does not plan to be tested for coronavirus despite her proximity to the latest lawmaker diagnosed with the illness. U.S. Representative Nydia Velazquez, a Democrat from New York, said on Monday that she had been diagnosed with a presumed case of coronavirus after developing symptoms of the ailment on Sunday, although she had not been tested. Velazquez was in the Capitol on Friday and attended a ceremony at which Pelosi signed a $2.2 trillion coronavirus response plan.
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Coronavirus: Number of Louisiana patients on ventilators doubles in five days
Louisiana's patients hospitalised for coronavirus and the number of patients on life-saving ventilators have doubled within the last five days, the state's governor has announced.The state also saw a one-day surge in more than 1,200 confirmed cases of Covid-19, a 30 per cent increase that brings the statewide total to more than 5,200.
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Israel's ultra-Orthodox Jews in fight over virus rules
Israeli police with face masks and batons and backed by surveillance helicopters have stepped up patrols of ultra-Orthodox Jewish neighbourhoods that have become coronavirus hotspots. This week has seen tense altercations, and some rabbis have admitted that their communities, where prayer and scripture study are traditionally communal, are not observing new social distancing regulations. A few days ago in Bnei Brak, a city near Tel Aviv with a largely ultra-Orthodox population, hundreds of faithful crowded together to attend the funeral of prominent rabbi Tzi Shenkar.
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The US passed a grim milestone with a single-day coronavirus death toll above 500, bringing the country's overall count past 3,000
U.S. outlines plan for Venezuela transition, sanctions relief
Monday, March 30, 2020
Andrew Cuomo sees major spike in favorability rating amid coronavirus pandemic
Back in February, a Siena College poll showed that only 44 percent of New Yorkers viewed their Gov. Andrew Cuomo (D) favorably. Then, the coronavirus pandemic hit.Cuomo has received widespread praise for his calm, cool, and collected approach as he guides the country's epicenter through the COVID-19 outbreak, and his constituents are on the bandwagon, as well. In March, Cuomo's favorability rating spiked to 71 percent, which is the highest it's been since he was first elected governor in 2011.> To whom it may concern: > If you would like to see an actual polling bump for handling a crisis well, see this morning’s @SienaResearch poll of NY voters: pic.twitter.com/nhK9d2IoGD> > — Nick Gourevitch (@nickgourevitch) March 30, 2020There's still a partisan split, but even Republicans in the state have shown some appreciation, as more than twice as many GOP voters approve of Cuomo now than last month.> Cuomo favorable bump: > Overall: 44% favorable in February->71% favorable now (+27) > Among Republicans: 20%->42% (+22) > Among Independents: 35%->68% (+33) > Among Democrats: 59%->87% (+28)> > — Nick Gourevitch (@nickgourevitch) March 30, 2020Cuomo's numbers are even better when it just boils down to his coronavirus response, which has garnered an 87 percent satisfaction rate.The spike makes sense — as former Vice President Joe Biden noted Sunday, Americans historically tend to rally around presidents during times of crisis, and there's no reason to think that wouldn't be the same for governors.Siena College surveyed 566 registered New York voters between March 22 and 26. The poll has a margin of error of plus or minus 4.5 percentage points. Read more here.More stories from theweek.com Trump's message to blue states battling coronavirus: Drop dead Fox News reportedly fears its early downplaying of COVID-19 leaves it open to lawsuits Nobody knows when Congress will go back to D.C.
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Biden leads Trump in new polls despite coronavirus approval bounce
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FBI report describes China’s ‘biosecurity risk’
In late November 2018, just over a year before the first coronavirus case was identified in Wuhan, China, U.S. Customs and Border Protection agents at Detroit Metro Airport stopped a Chinese biologist with three vials labeled “Antibodies” in his luggage.
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NBC’s Chuck Todd Asks Biden If Trump Has ‘Blood’ on His Hands Over Coronavirus Response
Meet the Press anchor Chuck Todd drew the ire of MAGA world on Sunday morning when he asked presumptive Democratic presidential nominee Joe Biden if he believes President Donald Trump has “blood” on his hands due to his slow response on the coronavirus pandemic.After Biden offered up his recommendations for how the Trump administration should handle the growing crisis—including a more robust use of the Defense Production Act and increased urgency in providing life-saving medical supplies to health workers—the ex-veep criticized Trump for not acting fast enough.“If I see something that’s not happening, I think it’s my obligation to step up and say ‘this is what we should be doing,’” Biden said. “Look, the coronavirus is not the president’s fault. But the slow response, the failure to get going right away, the inability to do the things that needed to be done quickly, they are things that shouldn’t—they can’t continue.”Todd, meanwhile, wondered aloud if Biden slamming the president for being “behind the curve” meant that he felt that Trump might be responsible for the rising death toll in the United States. (As of publication, per Johns Hopkins Coronavirus Resource Center, there have been 2,197 American deaths from the virus. The nation’s top infectious disease expert, for his part, projects the death toll could hit 200,000 in the U.S.)“Do you think there is blood on the president’s hands considering the slow response?” Todd asked. “Or is that too harsh of a criticism?”Biden immediately replied that he felt that was a “little too harsh” before taking Trump to task for “thinking out loud” too often.“He should start listening to the scientists before he speaks,” the ex-veep added. “He should listen to the health experts. He should listen to his economists.”It didn’t take long for Todd to come under fire from the president’s supporters after clips of his question began making the rounds on social media Sunday morning. Republican National Committee rapid response director Steve Guest tweeted a video of the Meet the Press segment while calling Todd’s question “COMPLETELY UNHINGED,” adding that the NBC News anchor’s attacks were “too much for even Biden.” Other conservative media figures like Benny Johnson, a serial plagiarist who currently makes memes for a pro-Trump campus group, called the question “rage-inducing media gaslighting” while touting Trump’s partial China travel ban as proof the president acted quickly.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast hereGet our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
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Photos show crowds of New Yorkers breaking social distancing rules and gawking at the USNS Comfort docked in Manhattan
Myron Rolle, former NFL safety, on front lines of coronavirus fight as Boston neurosurgery resident
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Army Corps of Engineers commander says more New York-style pop-up hospitals coming soon
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Christie Brinkley says daughter Alexa Ray Joel's wedding planning has been put ‘on hold’
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Army researchers at Fort Detrick who helped discover Ebola treatment seek coronavirus vaccine
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Sam Smith changes 'To Die For' album title and release date amid coronavirus outbreak
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National Guardsman is 1st US service member to die from coronavirus, Esper announces
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Brazil's Bolsonaro urges no more coronavirus quarantine, says jobs being lost
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In scrappy Cambodian casino town, Chinese plan future beyond coronavirus
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Keep It Simple, Albany. This Is No Time for Budget Games.
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Trump to Governors: I’d Like You to Do Us a Favor, Though
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New York's Cuomo pleads for doctors, nurses from other states to aid its hospitals
Speaking at a makeshift hospital in Manhattan preparing to receive its first patients on Monday, Cuomo sought to divert attention from any tension with Trump, with whom he has tussled in recent days over the distribution of ventilators in storage. "I am not engaging the president in politics," said Cuomo, who has emerged as a leading national voice on the coronavirus pandemic. New York is at the epicenter of the crisis.
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The Justice Department is reportedly investigating actions by US lawmakers who dumped stocks before the market plunged over coronavirus fears
Kremlin Fights U.S. Sanctions, Backs Maduro in Rosneft Deal
(Bloomberg) -- The Kremlin’s sudden shift of ownership of multi-billion-dollar oil projects in Venezuela shields oil giant Rosneft PJSC from further U.S. sanctions but keeps Moscow firmly behind embattled President Nicolas Maduro amid a wider stand-off with Washington.“Russia is not walking away from Maduro and will seek to thwart U.S. efforts to depose him,” said Vladimir Frolov, a former diplomat and foreign policy analyst in Moscow. “Moscow is just shielding Rosneft from sanctions which could result in a blanket embargo on all Rosneft exports.”Fears of broader sanctions have grown after the U.S. in recent months slapped restrictions on Rosneft trading companies for handling business with Venezuela. More recently, the U.S. has hinted that it might step up pressure on the Russian oil sector to reduce production. That followed Moscow’s decision early this month not to deepen output cuts agreed with OPEC led Saudi Arabia to boost output, flooding the market and pushing prices to the lowest levels in decades.The administration of President Donald Trump has already reached out to Saudi leaders to reconsider their strategy, which has battered producers in the U.S. with low prices. Trump said Monday he plans to speak by phone with Putin later in the day to talk about the oil market and may discuss sanctions and Venezuela.Read: Putin and MBS Draw Trump Into Grudge Match for Oil SupremacyRosneft late Saturday announced it’s turning over its Venezuelan projects to an unnamed state-owned company in what it called an effort to protect its shareholders’ interests.Sechin AutonomyAs part of the deal, Rosneft gets 9.6% of its own shares previously held by state holding company Rosneftegaz, bringing direct government ownership to just over 40%, according to two people familiar with the transaction. While Rosneft will remain firmly under Kremlin control, the shift in ownership could give Igor Sechin, who as chief executive and a longtime Putin ally is already one of Russia’s most influential people, even more autonomy, these people said.“Sechin gets Rosneft shares and Putin gets the chance to trade with Trump,” said Konstantin Simonov, head of the National Energy Security Fund in Moscow.Neither the company nor the government would comment on whether the deal will bring state ownership below 50%.Rosneft, which produces 40% of Russian oil and 5% of world output and has substantial exposure in the western financial system, can’t afford the risk of broad U.S. sanctions that could cripple its operations. Earlier this month, a Chinese company said it wouldn’t buy crude from Rosneft because of the risks caused by the sanctions on the trading companies.“As recently as February, the Venezuelan business was profitable, which offset the sanctions risk,” said Ivan Timofeyev, an analyst at the Kremlin-founded Russian International Affairs Council. “Now the desire to avoid sanctions coincided with the need to avoid losses” after oil prices plunged, he added.The Russian giant has already cut its exposure under multi-billion-dollar prepayment deals reached several years ago. Venezuela’s oil producer PDVSA owes Rosneft only $800 million at the end of the third quarter of 2019, according to the last available data, down from $4.6 billion at the end of 2017.Sanctions ProtectionThe latest Russian maneuver mirrored its strategy in 2018 when it used Promsvzyabank to set up a new banking vehicle to serve the defense industry after state-owned weapons producers came under U.S. sanctions, thereby shielding the country’s two largest banks, government-controlled Sberbank and VTB. Unlike those big lenders, which have significant exposure to western financial institutions and thus are at risk from sweeping U.S. sanctions, the new special entity operated largely out of Washington’s reach.While Rosneft may even push to have the recently imposed sanctions on the trading units lifted, risks remain.“Rosneft is trying to stay out of the firing-line but nothing stops the Americans from finding another pretext to sanction it,” said Fyodor Lukyanov, who heads the Council on Foreign and Defense Policy, a research group in Moscow that advises the Kremlin.“Russia understands that Maduro is in an awful situation, especially with oil prices at rock bottom,” he said. “But Putin’s psychology is that you should stick with partners in difficulty.”Frolov said, “Moscow thinks that Maduro is actually winning the fight with the opposition and is likely to split it to the point where he would be able to win parliamentary elections this year.” Russia has backed Maduro even as the U.S. and its allies back opposition leader Juan Guaido.Maduro said on state TV on Saturday evening that ”President Putin sent me a message through his ambassador reaffirming their strategic and integral support to Venezuela in all areas.”(Updates with Rosneft stake shift in sixth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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A coronavirus patient's phlegm or poop could still have live virus in it even after they recover and test negative, new research suggests
Surge of virus cases in California threatens hospitals
Prisoners riot in Iran; Netanyahu goes into self-quarantine
Prisoners in southern Iran broke cameras and caused other damage during a riot, state media reported Monday, the latest in a series of violent prison disturbances in the country, which is battling the most severe coronavirus outbreak in the Middle East. Israel meanwhile announced that Prime Minister Benjamin Netanyahu will enter self-quarantine after an aide tested positive for the virus. Speaking from confinement at home, Netanyahu called on Israelis to remain at home and avoid family gatherings during the upcoming spring holiday season.
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Trump says 'nobody' could've predicted a pandemic like coronavirus. Here are all the times he was warned about it and refused to take action.
AI tool predicts which coronavirus patients get deadly 'wet lung'
Researchers in the US and China reported Monday they have developed an artificial intelligence tool that is able to accurately predict which newly infected patients with the novel coronavirus go on to develop severe lung disease. Once deployed, the algorithm could assist doctors in making choices about where to prioritize care in resource-stretched health care systems, said Megan Coffee, a physician and professor at New York University's Grossman School of Medicine who co-authored a paper on the finding in the journal Computers, Materials & Continua. The tool discovered several surprising indicators that were most strongly predictive of who went on to develop so-called acute respiratory disease syndrome (ARDS), a severe complication of the COVID-19 illness that fills the lungs with fluid and kills around 50 percent of coronavirus patients who get it.
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Sunday, March 29, 2020
Prime Minister Boris Johnson is spending £5.7 million to write to all 66 million people in the UK, urging them to stay at home to fight coronavirus
Ambulances in New York are now as busy as on 9/11
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Italian man, 33, recounts contracting coronavirus despite being otherwise healthy
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'Grim Sleeper' Lonnie Franklin, California serial killer, found dead in prison, officials say
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Taiwan invites US newspapers expelled by China to move their operations
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Tennessee vet giving back during coronavirus pandemic had to grow up quickly
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Coronavirus Slowdown in Seattle Suggests Restrictions Are Working
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Trump Said He Was the President of Manufacturing. Then Disaster Struck.
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Inmate dies after contracting coronavirus at Louisiana federal prison
Coronavirus-hit ship granted permission to pass through Panama Canal
A cruise ship stuck off Panama's Pacific coast after four passengers died and more than 130 others developed influenza-like symptoms, including at least two with the coronavirus, will be allowed to proceed through the Panama Canal, the government said on Saturday. Holland America Line's 238-meter (781-foot) MS Zaandam vessel can now continue its trip to Fort Lauderdale, Florida, but Panama's government underscored that no passengers or crew members would be allowed to set foot on Panamanian soil. "Panama will guarantee biosecurity measures to protect the personnel who will participate in this maneuver and thus safeguard the health of Panamanians," the government said in a statement.
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Fauci says that lifting lockdowns is 'a matter of weeks' and depends on the availability of 15-minute coronavirus testing
Iran warns of lengthy 'new way of life' as virus deaths rise
President Hassan Rouhani warned Sunday that "the new way of life" in Iran was likely to be prolonged, as its declared death toll from the novel coronavirus rose to 2,640. The Islamic republic is one of the countries worst-hit by the virus, which first originated in China. Iran announced its first infection cases on February 19, but a senior health official has acknowledged that the virus was likely to have already reached Iran in January.
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Clinical trials on coronavirus drugs may take only months, researcher says
Saudi intercepts missiles in attacks claimed by Yemen's Houthis
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