Healthcare Nanotechnology (Nanomedicine) Market Forecasted To Surpass The Value Of US$ XX Mn/Bn By 2015 2021 – Jewish Life News

Insights on the Global Healthcare Nanotechnology (Nanomedicine) Market

PMR is one of the leading market research companies in India. Our team of research analysts have a deep understanding and knowledge related to the latest market research techniques and use their analytical skills to curate insightful and high-quality market reports. The presented data is collected from credible primary sources including marketing heads, sales managers, product managers, industry experts, and more.

As per the report, the global Healthcare Nanotechnology (Nanomedicine) market reached a value of ~US$ XX in 2018 and is likely to surpass a market value of ~US$XX by the end of 2029. Further, the report reveals that the Healthcare Nanotechnology (Nanomedicine) market is set to grow at a CAGR of ~XX% during the forecast period (2019-2029)

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Critical doubts related to the Healthcare Nanotechnology (Nanomedicine) market addressed in the report:

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Segmentation of the Healthcare Nanotechnology (Nanomedicine) market

The report bifurcates the Healthcare Nanotechnology (Nanomedicine) market into different segments to provide a clear understanding of the various aspects of the market.

Regional Outlook

The regional outlook section of the report includes vital data such as the current trends, regulatory framework, The Healthcare Nanotechnology (Nanomedicine) market study offers critical data including, the sales volume, sales growth, and pricing analysis of the different products in the Healthcare Nanotechnology (Nanomedicine) market.

Key players in the global nanomedicine market include: Abbott Laboratories, CombiMatrix Corporation, GE Healthcare, Sigma-Tau Pharmaceuticals, Inc., Johnson & Johnson, Mallinckrodt plc, Merck & Company, Inc., Nanosphere, Inc., Pfizer, Inc., Celgene Corporation, Teva Pharmaceutical Industries Ltd., and UCB (Union chimique belge) S.A.

Key geographies evaluated in this report are:

Key features of this report

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Healthcare Nanotechnology (Nanomedicine) Market Forecasted To Surpass The Value Of US$ XX Mn/Bn By 2015 2021 - Jewish Life News

Global Nanotechnology Enabled Coatings for Aircraft Market 2020 with (COVID-19) Impact Analysis, Product Type, Key Manufacturers, Regions and Forecast…

A new report entitledGlobalNanotechnology Enabled Coatings for Aircraft Market Growth 2020-2025 investigates the growth scenario of the global market with respect to the usage of the information, availability of highly reliable products in the market, and an increase in operational efficiency of Nanotechnology Enabled Coatings for Aircraft. The report analysts have gathered, arranged, processed, and represented information with the help of different methodological techniques as well as analytical tools like the SWOT analysis. The report includes a trade-based study regarding the global market. The report elaborates on the growth potentials and trends. The report introduces new business opportunities, future challenges, and risk factors concerning the market.

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Global Nanotechnology Enabled Coatings for Aircraft Market 2020 with (COVID-19) Impact Analysis, Product Type, Key Manufacturers, Regions and Forecast...

C-Bond Systems Enters into Supply Agreement with Leading National Vehicle Protection Solutions Provider – GlobeNewswire

HOUSTON, July 22, 2020 (GLOBE NEWSWIRE) -- C-Bond Systems (the Company or C-Bond) (OTC: CBNT), a nanotechnology solutions company, announced today that it has entered into a private label supply agreement with a leading national vehicle protection solutions provider to sell a private label version of C-Bond NanoShield as part of a windshield warranty package currently being sold in thousands of automotive dealerships across the United States.

C-Bond NanoShield technology protects and strengthens windshields by permeating the glass surface and repairing the microscopic flaws and defects on the glass that ultimately initiate chipping and cracking. The strengthening process begins immediately upon application and continues while the material cures in the following days. The product provides long lasting protection from rapidly increasing windshield repair costs associated with the rise of ADAS sensor technologies.

This is an important relationship for C-Bond and the second significant private label agreement announced this week as it provides an opportunity to quickly propel sales of our windshield strengthening product to dealerships throughout the United States, said Scott R. Silverman, Chairman and Chief Executive Officer of C-Bond Systems. With the support of our partner and access to their robust sales channel, we have the ability to introduce this best-in-class product in new markets, which we believe can drive long-term growth for C-Bond and its shareholders.

C-Bond NanoShield is tested and validated to strengthen glass through a patent-pending nanotechnology emulsion that increases impact resistance. C-Bond NanoShield features the same glass strengthening technology as C-Bond Secure.

About C-Bond C-Bond Systems, Inc. (OTC: CBNT) is a Houston-based advanced nanotechnology company and marketer of the patented C-Bond technology, developed in conjunction with Rice University and independently proven to significantly strengthen glass in key automotive and structural applications. The Companys Transportation Solutions Group sells C-Bond NanoShield, a liquid solution applied directly to automotive windshields, sold through distributors. The Companys Safety Solutions Group sells ballistic-resistant glass solutions and FN NANO Coating directly to private enterprises, schools, hospitals and government agencies. For more information, please visit our website:www.cbondsystems.com, Facebook: https://www.facebook.com/cbondsys/ and Twitter: https://twitter.com/CBond_Systems.

Forward-Looking StatementsStatements in this press release about our future expectations, including the likelihood that this relationship provides an opportunity to quickly propel sales of our windshield strengthening product to dealerships throughout the United States; the likelihood that with the support of our partner and access to their robust sales channel, we have the ability to introduce this best-in-class product in new markets, which we believe can drive long-term growth for C-Bond and its shareholders; constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, C-Bonds ability to raise capital; the Companys ability to successfully commercialize its products; the effect of the COVID-19 global pandemic on the Companys ability to operate; as well as other risks. Additional information about these and other factors may be described in the Companys filings with the Securities and Exchange Commission (SEC) including its Form 10-K filed on March 25, 2020, its Forms 10-Q filed on May 15, 2020, November 14, 2019, and August 12, 2019, and in future filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.

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C-Bond Systems Enters into Supply Agreement with Leading National Vehicle Protection Solutions Provider - GlobeNewswire

Covid-19 Live Updates and Analysis – The New York Times

The latest mask mandates came a day after Mr. Trump, who has long resisted wearing masks and at times even disparaged them, made his most robust call for wearing them yet, urging: When you can, use a mask. Some of the nations largest retail chains, including Walmart, Winn-Dixie and Whole Foods, have also moved to require customers to wear them.

Asked if he favored such mandates, Mr. Trump said Wednesday evening that it should be up to the governors I think all are suggesting if you want to wear a mask, you wear it, he said and that he would decide over the next 24 hours whether to require masks be worn on federal properties in Washington and at the White House.

But several more governors decided the time for masks had come.

Weve got to get this virus under control, Gov. Mike DeWine of Ohio said Wednesday as he issued a statewide mask order that will take effect Thursday evening. Wearing a mask is going to make a difference.

We all want kids to go back to school, we want to see sports, we want to see a lot of different things, we want to have more opportunities in the fall, said Mr. DeWine, who had previously ordered people only in the states hardest-hit counties to wear masks. And to do that, its very important that all Ohioans wear a mask.

Gov. Eric Holcomb of Indiana, a Republican, said Wednesday that he would sign an order mandating masks in most public settings beginning Monday. As we continue to monitor the data, weve seen a concerning change in some of our key health indicators, he said on Twitter. Hoosiers have worked hard to help re-open our state & we want to remain open.

In Minnesota, Gov. Tim Walz signed an executive order Wednesday requiring residents to wear masks in indoor stores and other public indoor spaces beginning Saturday. Mr. Walz said that the state would distribute masks to people and businesses in underserved communities.

Minnesotas lieutenant governor, Peggy Flanagan, whose brother died of Covid-19, acknowledged that masks had turned into a political football, but said the mandate could prevent the virus from spreading. I just simply dont want anyone else to endure what my family has endured, she said.

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Covid-19 Live Updates and Analysis - The New York Times

NIH leadership details unprecedented initiative to ramp up testing technologies for COVID-19 – National Institutes of Health

Media Advisory

Wednesday, July 22, 2020

RADx efforts seek to create capacity for 6 million daily tests by the end of 2020, address underserved populations.

In a paper in the New England Journal of Medicine, scientific leaders from the National Institutes of Health set forth a framework to increase significantly the number, quality and type of daily tests for detecting SARS-CoV-2, the virus that causes COVID-19, and help reduce inequities for underserved populations that have been disproportionally affected by the disease. The authors describe the current testing landscape and explain the urgent need for nationwide deployment of low-complexity, point-of-care molecular diagnostics with rapid results. To fill this urgent need, the Rapid Acceleration of Diagnostics (RADx) program was established in just five days following the announcement of $1.5 billion in federal stimulus funding in April 2020. RADx covers the entire life cycle of the target testing technologies, is tightly focused on timelines and outcomes, receives applications from small and large companies and is expressly focused on health disparities. While based at NIH, RADx is closely coordinating with the Office of the Assistant Secretary for Health, the Biomedical Advanced Research and Development Authority, and the Department of Defense.

Current testing methods to diagnose COVID-19 detect either viral RNA or viral antigens. These tests are highly sensitive and specific when conducted in centralized laboratories with standardized protocols, but require a large amount of lab space, complex equipment, regulatory approvals for the laboratory operations and skilled technicians. Results may take hours to days, and samples often need transport to a central laboratory, furthering delays. During that time someone who is unknowingly carrying the virus may go on to infect others, instead of being quickly isolated. These issues highlight the need for reliable, rapid, point-of-care testing diagnostics.

RADx includes four major components to enable approximately 6 million daily tests in the United States by December 2020, many times the current daily testing rate. In the near term, RADx confronts the pandemic by expanding testing capacity by fall 2020 as the nation faces the beginning of seasonal flu. In the slightly longer-term RADx aims to produce additional innovative diagnostic technologies and strategies for making testing available to diverse, vulnerable and underserved populations.

Tromberg BJ, et al. Rapid scaling up of COVID-19 diagnostic testing in the United-States: the NIHs RADx Initiative. New England Journal of Medicine. DOI: 10.1056/NEJMsr2022263 (2020).

NIH Director Francis S. Collins, M.D., Ph.D., and National Institute of Biomedical Imaging and Bioengineering Director Bruce J. Tromberg, Ph.D., are available to provide comment upon request.

About the National Institutes of Health (NIH):NIH, the nation's medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit http://www.nih.gov.

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NIH leadership details unprecedented initiative to ramp up testing technologies for COVID-19 - National Institutes of Health

San Diego County conceals assisted living homes with COVID-19 deaths – inewsource

Behind the doors of a spacious house in Chula Vista, Aury McDaniel was caring for six residents when the coronavirus pandemic struck this year.

By the end of May, five residents had tested positive for COVID-19 and three of them were dead.

McDaniel, 69, owns the assisted living facility and believes one of the aides contracted the virus from her husband, then brought it into the home before experiencing symptoms. By the time the worker felt sick after work one day, it was too late.

Then McDaniel contracted the virus. So did another one of her caregivers. So did all of her residents, except one who declined to be tested.

And so did McDaniels husband, who was rushed to the hospital with difficulty breathing. After about a month in the ICU, he is now recovering at the assisted living home in a private room. Hes taken up the bed of a 94-year-old resident who died from COVID-19.

The resident, Betty Gentry, was a veteran who served as a nurses assistant in World War II and the Korean War. She was taken to Sharp Chula Vista Medical Center in late April with a bad cough. Her son Chris called the hospital to tell his mom he loved her.

Betty, weak and hard of hearing, mustered the strength needed for a one-word reply: Same.

She died in her sleep on May 13 as a result of cardiac arrest, respiratory failure, pneumonia and COVID-19.

My mother died from this virus when she didnt need to die, Chris Gentry said. She didnt need to be in a situation where she was going to be contaminated by this.

Despite the tragedy at Aurys Home Care, theres no way for the public to see that the assisted living facility was affected by the virus.

Citing health privacy laws, the state has refused to name assisted living facilities with six or fewer beds that have had COVID-19 cases, including Aurys Home Care. San Diego County health officials wont release the names of any local facilities even those with seven or more beds that have been affected by the virus, despite frequent requests from reporters and outcry from advocates.

This whole issue of not disclosing names has not protected public safety, said Chris Murphy, executive director of Consumer Advocates for RCFE Reform. The San Diego nonprofit supports people living in Residential Care Facilities for the Elderly, more commonly referred to as assisted living facilities, where aides help residents with daily tasks such as feeding and bathing.

By contrast, data on COVID-19 in all of Californias nursing homes which provide medical services, are overseen by a different state department and follow more regulations is readily available online.

This is a public health issue, Murphy said. To not share the information with consumers when they have big decisions to make is, I think, irresponsible.

Three-quarters of Californias assisted living homes have six or fewer beds, excluding them from much of the public scrutiny during the pandemic.

The state Department of Social Services has published the names of 154 facilities with seven or more beds that have COVID-19 cases. In a statement, a spokesperson said another 96 smaller facilities have had cases but have not been named because it may allow the public to identify people who contracted the virus, which would violate health privacy laws.

Department spokesperson Jason Montiel said the agency carefully considered the privacy and security of residents at RCFEs, which are often residential homes.

That decision has effectively denied the public access to valuable information, said Eric Carlson, an attorney at the Washington, D.C.-based nonprofit Justice in Aging.

Knowledge about the presence of COVID-19 is just incredibly important at this point, Carlson said. Its not helpful for consumers and others to be deprived of that information.

On the county level, health officials have provided a range of reasons for hiding the names of elder care homes with COVID-19 cases. Public Health Officer Dr. Wilma Wooten has said the state already makes the information available. County Supervisor Nathan Fletcher has stated that publicizing them would discourage facilities from reporting honestly to the government about outbreaks.

And county spokesperson Sarah Sweeney told inewsource in an email it would violate the privacy rights of those with COVID-19.

San Diego County has 590 assisted living facilities but has refused to publish the names of those with COVID-19 cases. If publicized, this information could be used by advocates, families of the elderly and other members of the public to make informed decisions during the pandemic.

Murphy, the consumer advocate, called the health privacy explanation the most bogus thing Ive ever heard.

Nobody cares to know the name of the person in the facility of six beds that has COVID, she said. Nobody cares. What people care about is the public health issue of having COVID in the community and caregivers who are coming and going and where theyre being infected.

The county has also not released the number of local assisted living facilities with COVID-19 cases and deaths. Instead, officials combine these facilities with jails, immigration centers, homeless shelters and other residential locations as part of the ongoing data they publish on active outbreaks in congregate settings.

Plus, since cases exploded in late June, the county has only sporadically released that data to the public.

What the county is providing is useless information, Murphy said.

How is a family or community supposed to respond to that when they dont know what settings those are? she asked. I dont know. They have done an excellent, excellent job at masking and making the data opaque.

Neither the state nor the county would confirm the number of COVID-19 cases McDaniel said have occurred at her Chula Vista assisted living home or describe what steps the facility needed to take to continue operating after three people died. Two residents are currently living in the home, McDaniel said.

During the five years Betty Gentry lived at the facility, McDaniel said she looked after her like she would with her own mom, bringing the mother of four chamomile tea at night and lying in bed beside her to help her sleep.

She was so sweet, the caregiver said. The best resident I had in 20 years was Betty. I love her with all my heart.

McDaniel, an immigrant from Chile who worked as a nurses assistant before opening her assisted living home, said she was following state recommendations to frequently disinfect the building and anything that entered it but COVID-19 came anyway.

She was very shocked when her residents became ill, she said.

This is like Russian roulette, McDaniel said. Some people get it. You dont know how the virus enters your facility. If I publish my facility was affected by COVID, do you know what impression people are going to have? Careless.

McDaniels son Erik, the administrator of the assisted living facility, disagreed.

I think it should be accessible, he said. It should be something that you could find, that someone like you could easily discover.

Chris Gentry, Bettys son, said his family would not have sent his mother back to the Chula Vista facility if she had survived her hospital stay, and he wants others to know the home suffered from an outbreak.

I would definitely want to see that information from her home or any other assisted living home made public, he said.

Its critical so that when an outbreak happens, residents can be moved to a safer place, because its a breeding ground for people to get infected, he added.

Assisted living homes werent designed to face a pandemic.

Unlike skilled nursing homes, which have nurses on-site at all hours to help patients with acute healthcare problems, assisted living facilities follow a non-medical model and rely on aides to help residents with day-to-day tasks.

When the virus made landfall on the West Coast, assisted living facilities didnt have stockpiles of protective medical gear at the ready. They didnt have emergency infection control plans either, which nursing homes are required to prepare.

Nobody ever considered that personal protective equipment was going to be required for a pandemic experience like this, Murphy said.

But over the past decade, the line between these two types of elder care centers has blurred. Patients at nursing homes are staying longer, and residents at assisted living facilities have more underlying health conditions, meaning theyre especially vulnerable to COVID-19.

This is no independent living by any stretch of the imagination, said Carlson, the attorney with Justice in Aging.

Even so, because assisted living facilities mostly accept private insurance rather than Medicare and MediCal, they have less oversight than nursing homes do. The state Department of Social Services licenses and regulates them, but they face little scrutiny from federal and local governments, even though they are widespread: San Diego County has 590 assisted living centers, compared to 86 nursing homes.

The county has provided detailed instructions for nursing homes to help fight COVID-19 but has not released any specific rules for assisted living facilities. When asked about the countys role in aiding these facilities during the pandemic, a spokesperson told inewsource it does not regulate them.

Murphy said the county could be offering more support by improving access to testing and protective equipment.

I think its a real opportunity missed that the county of San Diego hasnt gone in like a little task force and said, Holy cow, weve got 600 facilities here in San Diego County, plus or minus 10 on any given day, she said. Were going to systematically go out in teams of three, and were going to saturate these ZIP codes. And were going to work through this ZIP code first, and then were going to move to the next ZIP code. And were going to do that from East County to the ocean.

And then were going to start over again.

It wasnt until June 26 that the state outlined instructions for screening people at the entrances to assisted living facilities for symptoms and regularly testing staff and residents. Even then, the department described these steps as guidance rather than requirements.

Raychell Jones, the director of patient care services at Sonata Hospice, said assisted living homes have been following different rules. Some have allowed her team of San Diego healthcare workers to enter during the pandemic, but others havent.

Some assisted living said yes, as long as you have the PPE, and some assisted living said no, absolutely not, Jones said. We have a handful of facilities that have not allowed anybody in their facilities for greater than 90 days.

Since information isnt easily available online, especially for smaller assisted living homes, industry experts said that direct knowledge of whats happening behind the scenes in these homes is key.

Because of the fact that weve stepped foot into all of these places, and oftentimes we know the owners on a personal basis, we just flat out ask, Do you have any positive COVID cases? And theyll tell us yes, I do. Or no, we dont, said Kie Copenhaver, co-owner of San Diegos CarePatrol franchise.

Copenhaver helps families find the right elder care homes for people in need.

We just believe that full transparency is the best for everybody involved, she said.

Assisted living facilities have been scrambling to mitigate the spread of the virus, but limited access to masks and tests has presented challenges.

More than half of them have less than a two-week supply of N-95 masks and gowns, according to a letter sent by the National Center for Assisted Living to governors on July 14.

The letter, co-authored with the American Health Care Association, urged state leaders to help nursing homes and assisted living facilities acquire more protective gear and improve the turnaround time for COVID-19 test results.

Read more about the coronavirus outbreak in San Diego County and the response by local leaders and public health officials to the pandemic.

As equipment and testing shortages continue, cases at assisted living homes are escalating. It took a month for the number of COVID-19 cases at Californias facilities to jump from 1,000 to 2,000, according to state data. It took another month to hit 3,000, which occurred in late June. But it only took two more weeks to reach 4,000 on July 7.

As of July 20, the states assisted living facilities have now accumulated more than 5,000 cases and suffered from 539 coronavirus deaths.

As you might expect, our member communities have made significant changes to create the safest environment possible for both residents and staff during the pandemic, Sally Michael, president and CEO of the California Assisted Living Association, said in a statement.

As guidance has changed, assisted living providers have stayed in step, implementing new protocols and updating procedures as circumstances and science have evolved, she added.

In San Diego County, at least 202 residents and 196 staff have tested positive for COVID-19, state data shows.

McDaniel said she and her workers in Chula Vista wear face coverings, but when her caregiver carried the virus into the facility, she didnt have access to the highly protective N-95 masks common in hospital settings.

She said she had no way to stop her employee from contracting the virus from her husband or bringing it into the building.

If I have to do it again, Im going to select the caregivers who are not married, she said with a laugh.

Ramona Rhoads, an 89-year-old with dementia, was the third person at Aurys Home Care to die from COVID-19. Her daughter Tammy Wahl said the caregivers worked hard to protect residents from infection.

Its very heartbreaking this happened, both to our loved ones and to Aury, Wahl said. She was taking precautions before I was even taking coronavirus seriously.

McDaniel cut back on staff and worked overtime to avoid having too much traffic in and out of the facility. She also kept families informed of the outbreak and what steps were being taken to control it, Wahl said.

When Wahl was searching for a home that would provide the close attention and care her mother needed, she discovered that McDaniels facility stood out.

When I stepped into Aurys Home Care, I knew something was different, she said. Aury is a true caregiver. The care I feel my mom got there was very loving.

But the family of Betty Gentry, who lived a few doors down from Wahls mother, thinks more could have been done to save her.

Gentrys daughter, Bonne Bandolas, said the worker who became ill should have taken more precautions, since she knew her husband was sick.

I think it is easy for people to think that a loved one is safer and more sheltered in a smaller living situation, Bandolas and her husband, Banjo, wrote in an email. However, we found out the hard way that all it takes is one person disregarding protocols to infect the entire household with the COVID-19 virus.

The caregivers husband eventually died from COVID-19.

At the time the virus entered the Chula Vista home, staff didnt have their temperatures taken when they arrived for work and werent regularly tested for the virus, but neither was recommended or required by the state. Since then, the Department of Social Services has advised assisted living centers to do both.

These smaller places need to have stiffer regulations, so people dont die like this, said Betty Gentrys son Chris.

Betty Gentry is survived by four children, two grandchildren and six great-grandchildren.

I want my mothers death to have some kind of meaning and maybe change the way they proceed from here on out to save elderly patients lives when a virus like this comes, Chris Gentry said. Because this isnt going to be the last time this is going to happen.

We'll let you know when big things happen. Email address:

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San Diego County conceals assisted living homes with COVID-19 deaths - inewsource

Faces Of COVID-19: Eleonore Anderson, 93, Remembered As A Tough Cookie – CBS Minnesota

MINNEAPOLIS (WCCO) Eleonore Anderson was known for her quilting talent and her pride of Polish traditions.She died on Sunday from complications related to COVID-19 at the age of 93.

WCCO continues our Faces of COVID-19 series with a loyal friend and mother who grew lonely as the pandemic wore on.

A two-time cancer survivor, Eleonore was a fighter from the start. She was born on the East side of St. Paul, and she became a secretary, sharing part of her paycheck with her family through World War II.

She was a tough cookie, Eleonores daughter, Barb, said.

Polish recipes of perogies and sausage were a staple in their household.

I guess in our family and Barbs food is love, Mark Anderson, Eleonores son-in-law said.

It brought everyone together, Barb added.

Eleonore raised Barb and her five siblings while working for the Minnesota Revisors Office in St. Paul, the publisher of state laws and statutes.When she retired, she traveled with her husband, Howard. She was widowed, and Eleonore moved to an assisted living facility in Roseville three years ago.

She got sick in February with a really bad cough, which by May she had a really bad phenomena and a high fever, Barb recalled.

Her first COVID-19 test came back negative.

Then a week later (she) was re-tested and it was COVID, Barb said.

Eleonore was moved to hospice care. That was the first time in months her family could see her face-to-face.

That was truly the hardest with all of this, was not being able to be with her, Barb said.

Eleonore again fought back and actually beat the virus. But her daughter believes the damage had been done.

It was after that we saw a very quick decline and within about a month she passed away, she said.

Her family will hold a small funeral Thursday, with the quilts Eleonore spent countless hours on draped over church pews.

Were trying our best to make it nice but its not how we would want to do it, Barb said.

The Andersons hope well think of those like Eleonore moving forward, and follow the guidelines to give people like her more time.

Its all really important, Barb said.

If youd like to share any memories of someone youve lost to COVID-19, send an e-mail to tips@wcco.com.

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Faces Of COVID-19: Eleonore Anderson, 93, Remembered As A Tough Cookie - CBS Minnesota

COVID-19 Daily Update 7-16-2020 – 5 PM – West Virginia Department of Health and Human Resources

TheWest Virginia Department of Health and Human Resources (DHHR)reports as of 5:00 p.m., on July 16, 2020, there have been 219,052total confirmatorylaboratory results received for COVID-19, with 4,657 totalcases and 99 deaths.

In alignment with updated definitions fromthe Centers for Disease Control and Prevention, the dashboard includes probablecases which are individuals that have symptoms and either serologic (antibody)or epidemiologic (e.g., a link to a confirmed case) evidence of disease, but noconfirmatory test.

CASESPER COUNTY (Case confirmed by lab test/Probable case):Barbour (24/0), Berkeley (536/19), Boone(50/0), Braxton (5/0), Brooke (31/1), Cabell (202/7), Calhoun (4/0), Clay(14/0), Fayette (95/0), Gilmer (13/0), Grant (21/1), Greenbrier (74/0),Hampshire (44/0), Hancock (47/3), Hardy (48/1), Harrison (133/1), Jackson(148/0), Jefferson (257/5), Kanawha (463/12), Lewis (23/1), Lincoln (15/0),Logan (40/0), Marion (120/3), Marshall (74/1), Mason (26/0), McDowell (12/0),Mercer (67/0), Mineral (68/2), Mingo (39/2), Monongalia (633/15), Monroe(14/1), Morgan (19/1), Nicholas (19/1), Ohio (162/0), Pendleton (17/1),Pleasants (4/1), Pocahontas (37/1), Preston (88/21), Putnam (96/1), Raleigh(85/3), Randolph (193/2), Ritchie (3/0), Roane (12/0), Summers (2/0), Taylor(26/1), Tucker (7/0), Tyler (10/0), Upshur (31/2), Wayne (141/2), Webster(1/0), Wetzel (38/0), Wirt (6/0), Wood (191/10), Wyoming (7/0).

As case surveillance continues at thelocal health department level, it may reveal that those tested in a certaincounty may not be a resident of that county, or even the state as an individualin question may have crossed the state border to be tested.Such is the case of Logan County in this report.

Pleasenote that delays may be experienced with the reporting of information from thelocal health department to DHHR.

Please visit thedashboard at http://www.coronavirus.wv.gov for more detailed information.

Continued here:

COVID-19 Daily Update 7-16-2020 - 5 PM - West Virginia Department of Health and Human Resources

‘I Was Sexually Harassed By a Senior Advisor to the Maldives President. This is My Story.’ – The Wire

Male (Maldives): As a journalist, the most disconcerting aspect of this sort of endeavour to seek justice is having to see ones own face on the news, day after day. We reporters are most comfortable behind the scene, secure in our mobility across the keyboard, shielded by our cameras, armed with the might of ink and microphones.

Nevertheless, when the highest office in the Maldives shirks its duty to protect the rights of citizens, it then becomes the duty of a journalist to call attention to the infraction, even if that means stepping into the forefront themselves or at least, thats how Ive chosen to view matters.

Unwelcome, uninvited and unreciprocated advances

In February 2019, I attended a meeting with the incumbent secretary of communications at the presidents office, Hassan Ismail, during which he propositioned me, offering special treatment for myself and the newsroom at which I serve as the editor, in exchange for time spent with him at either a resort or an apartment in Sri Lanka.

[The Wire reached out to Hassan Ismail for his response to these allegations. His denial is carried in full at the end of this article.]

Hassan Ismail. Photo: presidency.gov.mv

A sickly attempt to sweeten the deal, he suggested that he would also be able to alleviate the political standing of my now-retired father, former attorney general and founding member of the Maldivian Democratic Party (MDP), by extending an ambassadorship. Given my fathers fluency in Russian, a well-known fact, he went as far as to suggest an appointment in Moscow.

Having worked with Ismail before, at his family-owned Business Image Group (BIG), I had heard of uncouth behaviour and some lewd remarks directed at other women. The women I worked with always made a point of not working alone with him, myself included, though at the time I had not experienced more than an inappropriate comment.

Today, I do regret not pursuing the issue back then, more than I can say. However, that all took place in 2012 and though it doesnt seem like too long ago, things were different then. One had to wait a very long time and endure much hardship before being heard, let alone believed. It also took place in a private company, and while that does not make the situation any less wrong, earning off the taxpayers coin while serving in the position of a state minister, certainly paints a different context.

During this recent meeting, he himself acknowledged to an external party that this was in fact a formal sit-down between the secretary of communications and a managing editor, to discuss, in his words, matters related to media, collaboration and state action.

Lets stop discussing politics for a minute. Can I trust you? I am trying to organise a bit of a party crew, to enjoy myself. I think youd be perfect for this

It is difficult to put into words the thoughts that were running through my head at this time, though the memory remains raw. I have worked very hard, in an often dangerous field governed in the Maldives by all manner of machismo, to launch and propel a news product, develop a young, dynamic team and deliver unbiased, original news. The idea that all of those achievements could be condensed into an unflattering stereotype, by this crude older man, was and is, impossible to process.

Feeling dehumanised and distraught, I tried to swerve the conversation away from his torrent of innuendos, drawing his family into the conversation and inquiring about their wellbeing. However, he repeatedly resumed the topic, saying his children were grown up and he was being cool.

Returning to the unappealing invitation, he stressed that I came alone and that he just had a feeling Id be a lot of fun. Having already said I was busy for the following six months, I even pointed out that I was now 30 years old, to which he leered at me, I bet youre still the same young, wild thing, on the inside.

At that truly disturbing point, I excused myself and left the meeting.

Perks of the presidents office

Not only did I immediately report the experience to my present employer, I told my father the very next day. Both retellings were traumatising in themselves, particularly because my very traditional father and I dont usually converse about such matters, and appearing vulnerable in front of our senior editorial team does feel akin to weakening my authority.

My father, Dr Mohamed Munavvar, reacted like any parent he called every figure of authority he possibly could. Only in this case, that meant the president, the speaker and various cabinet members. Within 48 hours, I received certain confirmation that President Ibrahim Solih had indeed caught wind of this incident; he verified and inquired into the details, offering assurances that the matter was being looked into.

Mohamed Nasheed, former president and current speaker of parliament as well as ruling party leader, twice made personal calls to me, checking on my wellbeing and consoling me by saying that the MDP would see to it that justice was served.

While I appreciated his kindness, that the final decision rests solely in the hands of the incumbent, who had personally appointed Ismail to his post, was abundantly clear.

But briefly, I felt comforted. Justice would be served, my career intact and the likes of this man would no longer be in power.

Then a day passed. A month. And then, eleven.

During this time, I received a call from a female state minister at the presidents office. I had great faith in this woman, and when she asked me what I wanted and what had happened, I divulged all relevant details gladly, reiterating that in my opinion, a man such as Ismail should not be allowed to continue in a position of influence, nor allowed to discriminate against or attempt to bribe journalists.

Disappointingly, I did not hear back from her or anyone else in the presidents office.

Protestors march during the JaagaEhNeih demonstration held on July 12, 2020. Photo: Refty

Then in January of this year, out of the blue, the presidents chief of staff, Ali Zahir, summoned me to the presidents office. I was ushered into a dark room alone with him, the legally mandated independent committee for oversight of harassment cases nowhere to be seen. What followed was an awkward, undignified prodding-cum-justification for what had transpired.

Ali Zahir: He admitted he said some things. But he guarantees they werent sexual in nature.

Myself: Is that what you brought me all this way to say? I have not heard of and being a journalist I consume a lot of information any man across history, from any part of the world, that willingly and wilfully confessed to having harassed a woman.

If he meant to take me for an executive lunch to a resort, why in the world would he offer to instead take me to an apartment in Sri Lanka? What could possibly justify that being a professional request?

Ali Zahir: You have a point. What do you want?

Myself: At the very least, an apology. From the state, less from him. A guarantee that this will never happen again, to me or any other woman. A way to keep working with the PO (presidents office), without discrimination or difficulty.

Naively, at this point I thought the worst was over. A resolution, whether I was happy with it or otherwise, would surely be reached. But that was not to be. This barely constituted a beginning to my nightmare, for three hours later, the news would make front page on a small news website, one that I had no previous knowledge of and bears no affiliation to myself.

No matter, I now had a choice to make would I formally pursue this case, knowing the publicity that would gather? Or would I allow for the issue to die down, exercising my right to silence, allowing for the indiscretion to be swept under the rug, as similar events had been done so many times before?

The truth is, there was no real choice. Growing up in a political household and understanding the pain it can bring to a family meant that publicising such an issue was not a matter I took lightly but I had to do what I felt in my bones was right. Having lectured long and hard about safeguarding the truth and holding perpetrators accountable, I needed to make a decision that would allow me to sleep at night.

Of deliberate inaction and selective justice

On January 26, I filed an official letter of complaint to the presidents office. Three days later, I received a letter response that roughly translates to:

The aforementioned issue has been investigated and actions have been taken. We have identified that no information was disclosed from this office. The president has taken note of the matter.

The letter, which barely qualifies as such, was signed by an unnamed, as-yet-unidentified person, though it bears the official government stamp. A stamp that, it seemed, punctuated the indignity I felt as I read the letter. My disappointment in this system had reached its peak. It is the right of all victims to be notified of actions taken against the accused, and it is the responsibility of the state to have informed the accuser.

Was there a point, in reminding the president himself, of his constitutional duties and a citizens constitutional rights? Of this, I am not certain. I did, however, respond by pleading for him to reveal the above, to reconsider the decision, typing in tears over the lack of mere compassion the response held. The same day, a fire I never intended to stoke began running through my veins. Highlighting the attempted bribery of a journalist by a government official, I submitted another letter to the Anti-Corruption Commission (ACC).

Then, having not heard from either entity, on February 4, I wrote to the Maldives Police Service. I was then summoned for questioning, and delivered my account of what happened. To my knowledge, they also interviewed one other former employee, whose information would likely begin to establish a pattern of behaviour.

Presidents Office, Maldives. Photo: Facebook page of the President of Republic of Maldives

Though it seemed time my tears ran dry, as I told the story to my parliament representative, MP for Galolhu South constituency Mickail Naseem, asking him to do all he can to ensure the president is informed, I embarrassingly broke down once more. I was tired, drained and hopeless. In solidarity, my mother did the same via her MP, Hassan Latheef, MDP chairperson and lawmaker for Henveiru-North, and received confirmation that he spoke with President Solih.

However, up till July this year, no word came from either the ACC or police. That is, until, fuelled by the selective justice indicated by the presidents abrupt dismissal of his tourism minister Ali Waheed, I finally came forward and tweeted that I had formally lodged a complaint that President Solih had not seen fit to attend to.

The commissioner of police, Mohamed Hameed, replied with the following, Hello. I have talked to my team and have been told that the case is being investigated. Have instructed to expedite the investigation.

I responded, Ive been waiting a long time, preCOVID, more than the allotted period. While Im glad this case is moving forward, the same access to justice must be given to all victims

Indeed, as these men bided their time, in consideration of the optics, the politics and the administrative repercussions, thus delaying and preventing any semblance of legal procedure or fair justice, a rage had begun running through the veins of this journalist.

A culture of mistreating and abusing women

Readers, Ive blindsided you a little bit. By now, you must be wondering what may have possessed this administration, elected on pledges of transparency, gender equity, zero tolerance for corruption, judicial and police reform to behave in this fashion.

While I cannot pretend to understand the inner workings of the leading administration, I can present you with the following facts:

This disappointing timeline indicates the success with which the Solih administration addressed its pledges to eradicate difficulties faced by women in social and economic participation, financial empowerment and just treatment in the face of the law.

Maldivian president Ibrahim Mohamed Solih. Photo: Reuters/Ashwa Faheem/File

And the letter of the law is clear.

Landmark laws, the Bill on Sexual Abuse and Harassment and the Bill on Sexual Offences, were ratified by former President Abdulla Yameen Abdul Gayoom, on May 13, 2014.

Per the Sexual Abuse and Harassment Act (No. 16/2016), every office must establish an independent committee tasked with receiving, investigating and handling all complaints relating to sexual abuse and harassment in the workplace. However, the act does not extend to street harassment and is vague in the consideration of external official interactions.

At the time, gender advocates believed that the main issue keeping women silent was a failure to craft and enact relevant laws.

Six years later, evidenced by the actions of the highest office, the existing legislation continues to be treated as mere suggestion, and has failed to usher in the positive change for which it was drafted.

Systemised abuse and revictimisation

Having faced this injustice first hand, experiencing a system that is designed to victimise survivors a dozen times over, I can confidently say, if I had been assaulted or raped perhaps I would not have had the strength to fight this hard and this long.

Even once I had the letters and legal counsel, having to put on a brave face and reiterate my experience at institution after institution took a toll. After my claim was publicised, media outlets initial hesitation to report the story, out of fear of losing state sponsorship or blocks from the presidents office, felt like a betrayal.

So, you can see, without the access I have to multiple legal minds both from family and within my close circle of friends, devoid of contacts with multiple journalists in the country and around the globe, not having job security or savings, I certainly wouldnt have come this far.

I am, without a doubt, one of the 10% in the Maldives. If I cannot use my voice to give strength, credibility and validation to the thousands of women, children and men that have survived harassment, abuse, assault or rape, then there is very little hope for any of us.

This is by no means an easy battle. According to the study on womens health and life experiences conducted by the Maldives ministry of gender and family in 2007, one in every three women aged between 15-49 years have experienced physical or sexual violence or both at some stage of their life.

Unfortunately, it is thus apparent that there is an entire culture of sexual misconduct that prevails in our homes, our streets and our working environments. It did not appear with one party or president, it has snuck up and embedded itself into our society for decades, writhing and seeping into policy, profit and propinquity. Ancient island communities that worked in unity and cohesion, valued irrespective of gender, have become what it is forgotten history.

With regards to workplace harassment, with the civil service, such stories are worryingly common and date back many, many years the responsibility of not having eradicated this misconduct thus falling on the shoulders of several regimes.

In November 2018, the minister of foreign affairs, Mohamed Asim, was accused of sexual harassment by at least four female junior staff. Mohamed Fahmy Hassan served as chairman of the Maldives Civil Service Commission till he was dismissed in 2012 by parliament for sexually harassing his staff, but this incident did not affect his later appointment in 2015 as the Maldives high commissioner/ambassador to Malaysia, a position he enjoyed till 2019. A string of such complaints trail behind Fahmy, from as far back in his work life as when he was principal of Iskandhar School.

Similarly, the present director general of the Local Governance Authority, Adam Shareef, unpopularly known as woody, was previously reprimanded for making inappropriate advances to underage students in the all-girls Aminiya School during his designation as discipline supervisor. From an observational standpoint, this has not affected the trajectory of his career.

In 2012, global rights watchdog Amnesty International released a statement urging the Maldives to investigate sexual harassment of detained women protesters, arrested during the February 7 rallies over the alleged coup dtat that ousted former president Mohamed Nasheed.

Women journalists have also highlighted harassment to varying degrees, both outside and within their news organisations. Notably, a CEO of a large media group was accused of exchanging sexual favours for jobs and a male editor of another large news outlet was arrested for assaulting a female journalist. The aforementioned CEO has furthered his career uninterrupted, and in 2019, received the most prestigious national award in journalism.

Turning our glance toward the police, a quarter of female officers interviewed for the study Rough Roads To Equality: Women Police in South Asia conducted by the Delhi-based Commonwealth Human Rights Initiative, said they faced recurrent harassment but did not report it to a higher authority. In one case, an officer was suspended after 11 girls complained of harassment, only to be later acquitted and reinstated. Lawyers that have worked with police, have also reported instances of crude misconduct, such as accused officers being assigned to oversee the cases.

Then-opposition, now ruling coalitions main party MDP was, predictably, at the time very vocal against the foul legacy of sexual offences that were both tolerated and ignored, within the public sector, as well as private.

A pity the same principles do not carry the same weight in the present day, especially as the courts too are blemished by the same terrible visage.

While sexual harassment allegations were raised against the chief magistrate of Maakuraathu court in 2015, this year an investigation was launched into chief magistrate of Kanduhulhudhoo Cout Hassan Didi for seven different allegations. In June, Judicial Service Commission moved to dismiss Thinadhoo courts magistrate, Ibrahim Rasheed, over a sexual harassment issue.

Small victories, but more telling of the depth to which these crimes are rooted. The examples above are only the tip of the iceberg, illustrating the unlikeliness of justice, even on the off chance that ones case makes it to court.

Revulsion fuels this revolution

Over the last month, it has been heartening to see a number of women rise up in solidarity, and come forward with their own horrific tales of harassment, assault, abuse and rape. As my story gives them power, so their words spur my strength to face these obstacles head on.

But the fight is far from over, this much is abundantly clear.

At the time of publishing, I have not yet heard from either the police, the ACC or the presidents office. On July 13, my all-female team of lawyers wrote once more to President Solih, demanding on my behalf that action taken be revealed in 10 days. Thus, we have another nerve-wracking week ahead.

In the space between when I first publicly revealed this issue on my personal Twitter handle, harassment-sympathisers have emerged from the cracks, subjecting me to a severe amount of scrutiny.

Religious leaders have, in response, stated that for safety, women should always be accompanied by a guardian, they have compared hijab-less women to candies without wrappers, iPads without covers and so on.

Some have questioned the legitimacy of my claim, assumed lack of evidence, stated this is all a ploy to further my familys political agenda and of course, have dragged my lifes journey into the conversation.

This battle is not politically motivated. To say so is to undermine the greater cause at stake. Doubtless though, this is an opportunity, and not just for me. It is a time when women have become emancipated to a degree where the volume of our concerns is more difficult to ignore, than ever before.

#JaagaEhNei No Room [For Us]

This marks the beginning of the #MeToo movement in Maldives, says Shafeea Riza, lawyer and founder of Family Legal Clinic, a nonprofit that provides free legal services to women, children and men in Maldives.

And she is not wrong.

Harassment victim Rae Munavvar (left) with organiser Shafeea Riza (right) address the JaagaEhNei protest held on July 12, 2020. Photo: Ahmed Awshwan Ilyas from Mihaaru News

Together with Shafeea rose a number of women, creating the #FundOurSafety program.

Soon after, another three attorneys; chief operating officer at the Maldives Stock Exchange and Bar Council member Noorban Fahmy, Public Interest Law Centre founder and partner at Shunana & Co LLP Mariyam Shunana, vice president of Women and Democracy NGO Aminath Aryj Hussain, along with well known advocate from the #Nufoshey (Do not harass) movement and research and communications officer at Transparency Maldives Sara Naseem and my humble self, banded together with Shafeea to form the #JaageEhNei collective, holding a protest against impunity for sexual predators on July 12, where the demands raised by #FundOurSafety was also represented.

Demands made by #fundoursafety.

The gathering was joined by Maldives newly formed Voice of Children movement, which has also held three protests in 2020, calling for the protection of young ones, to implement swift action on child-related issues and the injustices faced by them.

However, two days later, in a controversial move that has drawn much ire and scrutiny, the Ministry of Home Affairs declared that protests and all forms of public gatherings cannot be held without prior written approval by Maldives Police Service.

Since then, rights groups, activists, parliamentarians and other local entities have slammed the governments decision as a clear violation of fundamental rights particularly at a time when travel and other restrictions have been lifted by the Health Protection Agency.

The same Tuesday, the Ministry of Youth, Sports and Community Empowerment expressed concern that the narratives and initiatives of certain non-profit organisations were encouraging the violation of the law, claiming they posed a threat to national security. Though it was widely believed to have been issued over a series of migrant-worker demonstrations, the ambiguity with which civil society is chastised is deeply concerning.

Despite the governments current stance, as the main opposition during Yameens administration, MDP had lambasted the invocation of amended Section 24 (f) of the Peaceful Assembly Act 2013, calling it unconstitutional and a violation of rights.

Strangely, post-election, Solihs government did not move to repeal the prickly law, even with MDPs super-majority in the parliament, but it was seldom enforced until this June-July.

At the same time, support from the international community has been helpful. On July 15, Reporters Without Borders issued a strong statement of support, which reads The shocking inaction in response to Rae Munavvars complaints is indicative of serious problems with the Maldivian administration and police.

We call on President Ibu Solih to intervene at once by firing his communications director and launching an internal investigation into this unacceptable case of sexual harassment combined with an attempt to bribe a journalist.

The Maldives Media Council then issued its own statement, calling on state institutions to conduct a transparent investigation into the case and highlighting the often discouraging challenges faced by the countrys female journalists and media personnel.

And so, it is with mounting optimism that I observe how the ripple cast by the series of avoidable horrific events that began in 2019, which eventually led to my own coming out, followed by the #JaagaEhNei movement and at least a dozen more voices filling the air, have themselves begun emitting waves of their own.

Today I stand one part incensed, two parts inspired and firmly determined powered by the knowledge that although this system is broken, change is crucial and better days seem far, there are thousands of women and men standing with me, declaring that Times Up.

Rae Munavvar is, at present, the Editor at The Edition in the Maldives. Having worked in different capacities across the media spectrum for a decade, Rae has reported extensively on current affairs, environment and gender issues. She can be contacted atrae@edition.mv.

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'I Was Sexually Harassed By a Senior Advisor to the Maldives President. This is My Story.' - The Wire

Episcopal Relief & Development and Trinity Church Wall Street Announce Partnership in Response to COVID-19 Pandemic – PR Web

Photo Courtesy of the Episcopal Anglican Church of Brazil

NEW YORK (PRWEB) July 22, 2020

Episcopal Relief & Development and Trinity Church Wall Street are partnering on a response to the COVID-19 Pandemic. The partnership, supported by a $1,021,683 grant from Trinity Church Wall Street, will reach an estimated two million individuals with expanded relief efforts and strengthened resilience activities.

COVID-19 has had a profound impact on the communities where we work, both as an immediate health threat as well as a longer-term threat to the livelihoods and health of the vulnerable populations we serve, said Rob Radtke, President & CEO, Episcopal Relief & Development. We are deeply grateful for Trinity Church Wall Streets generous support which will catalyze our efforts to respond to an increased number of vulnerable people around the world.

The partnership is addressing the effects of COVID-19 in 43 countries, with a priority focus on Bangladesh, Brazil, Burundi, Democratic Republic of Congo, Ecuador, Madagascar, Pakistan, Philippines, Puerto Rico, South Africa, South Sudan and Sri Lanka. The specific priority countries were chosen in order to best leverage both organizations existing partnerships for the greatest long-term, sustainable results.

Trinity believes it is our responsibility to help our brothers and sisters not just here in New York City, but those around the world who are harmed by the pandemic, especially those in the most vulnerable regions, said the Rev. Phillip A. Jackson, Priest-in-Charge and Vicar of Trinity Church Wall Street. We are proud to partner with Episcopal Relief & Development and know that through their network, millions of people in need will be helped.

Episcopal Relief & Development, with Trinity Church Wall Streets support, is working with local Anglican and Episcopal dioceses and other partners, to create specific emergency programs tailored to the most urgent needs and the existing assets and networks in each community. Relief activities will include direct cash transfers to ensure vulnerable households can meet basic needs, the distribution of food, personal protective equipment and basic sanitation supplies such as soap, and/or educational campaigns to spread critical information related to COVID-19 prevention and control.

Additionally, the partnership is also supporting local communities in resilience-focused interventions to help them prepare for and manage the potential long-term economic and health effects of the pandemic. The organizations are working together to identify ways to increase income, while still maintaining physical distancing, and to contribute to immediate health and safety needs. These programs are focused on womens empowerment and ensuring that children, particularly those under age three, continue to be safeguarded and supported.

Episcopal Relief & Development and our network of faith-based partners have the experience and established relationships, structures and expertise to bring humanitarian support to communities affected by the COVID-19 pandemic, said Abagail Nelson, Executive Vice President, Episcopal Relief & Development. Our partners are already adapting and mobilizing to respond in ways to bring immediate relief while also creating long-term resilience.

To learn more about Episcopal Relief & Developments response to the novel coronavirus, visit episcopalrelief.org/covid-19-response. Donations to the COVID-19 Pandemic Response Fund will enable the organization to continue to provide emergency aid to vulnerable communities impacted by the pandemic, both in the United States and around the world.

About Episcopal Relief & Development:For over 75 years, Episcopal Relief & Development has been working together with supporters and partners for lasting change around the world. Each year the organization facilitates healthier, more fulfilling lives for more than 3 million people struggling with hunger, poverty, disaster and disease. Inspired by Jesus words in Matthew 25, Episcopal Relief & Development leverages the expertise and resources of Anglican and other partners to deliver measurable and sustainable change in three signature program areas: Women, Children and Climate.

About Trinity Church Wall Street:Now in its fourth century, Trinity Church Wall Street is a growing and inclusive Episcopal parish of more than 1,200 members that seeks to serve and heal the world by building neighborhoods that live Gospel truths, generations of faithful leaders, and sustainable communities. The parish is guided by its core values: faith, integrity, inclusiveness, compassion, social justice, and stewardship. Members come from the five boroughs of New York City and surrounding areas to form a racially, ethnically, and economically diverse congregation. More than 20 worship services are offered every week at its historic sanctuaries, Trinity Church and St. Pauls Chapel, the cornerstones of the parishs community life, worship, and mission, and online at trinitywallstreet.org. The parish welcomes approximately 2 million visitors per year.

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Episcopal Relief & Development and Trinity Church Wall Street Announce Partnership in Response to COVID-19 Pandemic - PR Web

Judge gives BJ Services a week to find bankruptcy alternative – Houston Chronicle

A bankruptcy judge on Tuesday gave troubled Tomball oil-field services company BJ Services seven days to continue operations and resume negotiations with lenders.

In his order, U.S. Bankruptcy Judge Marvin Isgur put pressure on BJ Services and creditors to return to the negotiating table to save as many jobs as possible and possibly prevent the death of the nearly 150-year-old company.

Unable to reach an agreement with lenders, BJ services filed for Chapter 11 bankruptcy Monday. Under the worst scenario, the case could end in a Chapter 7 liquidation in which the company would be dissolved, broken up and sold off in pieces with more than a thousand workers losing their jobs.

Downturn:BJServices files for Chapter 11 bankruptcy

"I am not prepared to walk away from 1,250 jobs on the first day of the case," Judge Isgur said.

BJ Services, which has oil well cementing and hydraulic fracturing crews deployed in shale plays across the United States and Canada, owes nearly $357 million to lenders and another $134 million to vendors. The company, already hit hard by the oil bust caused by the coronavirus pandemic, saw a $75 million deal that would have saved the company fall apart Thursday.

Fuel Fix: Get daily energy news headlines in your inbox

Before filing for bankruptcy, BJ Services had offers on the table to sell its cementing business and part of its hydraulic fracturing business in two deals that would have saved more than 500 jobs. Judge Isgur, however, questioned bankruptcy liquidation sales as the only outcome for the case.

"I'm not prepared to limit the range of alternatives that are going to be discussed," Judge Isgur said. "If we're going to save jobs at the company, the company needs to be prepared to consider reorganization."

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Judge gives BJ Services a week to find bankruptcy alternative - Houston Chronicle

Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy – Skift

Travelport has entered a standstill agreement with its creditors, according to people familiar with the matter, as the parties haggle over a drop in the companys value since the start of the pandemic.

The travel technology company, which is co-owned by activist investor Elliott Management, has a deal to hold off lenders for a couple of months in a $1.15 billion dispute over alleged debt defaults. Creditors will refrain from making payment demands that could risk tipping the U.K.-based company into bankruptcy.

On the one side of the billion-dollar fight are the lenders, including GSO Capital Partners, Canyon Partners, and Mudrick Capital Management.

On the other is Travelport which provides ticketing and other services for travel agencies, airlines, and other companies and its shareholders, Evergreen Capital (an arm of Elliott) and private equity firm Siris Capital Group.

The existence of the agreement previously unreported should be reassuring news to Travelport employees and partners. It signals that Travelport will operate business as usual for the next couple of months. Creditors and management will haggle, with Travelport hoping lenders knock down the value of a broader array of outstanding loans worth about $2 billion to a smaller total amount, sources said.

Register now for Skifts Online Travel Summit on July 23

At a big-picture level, Travelport is working with what could approximately be considered two different buckets, worth about $500 million each. The first bucket of money comes from the companys existing access to liquidity and cash. The company has drawn at least $220 million from that bucket.

At risk is a second bucket of money thats also $500 million.

Some backstory, first: Maine-based payments tech firm Wex backed out in May from a planned $1.7 billion deal to buy Travelports shares in eNett and Optal, payment solutions providers.

The day after Wex said it wanted to drop the acquisition, Travelports private equity sponsors interpreted the terms of its credit documents to say it had the right to transfer Travelports intellectual property assets worth about $1.15 billion to a subsidiary beyond the reach of its secured creditors.

Travelports owners moved the assets to a new subsidiary, which they used as collateral to raise $500 million in new loans.

That additional liquidity could help keep the company out of bankruptcy and focused on its reorganization, slimming down, and tech modernization strategy. But the company may not need it if its 2020 revenue levels continue to follow the rebound theyve seen, sources familiar with the company speculated.

Some lenders call the move a trap door in the contract and allege that Travelports financial sponsors arent allowed to effectively remove Travelports intellectual property as loan collateral, sources said. Lenders have threatened to allege a breach of contract and other violations in lawsuits, sources said. Bloomberg News first reported in May that Travelports lenders had threatened to claim default.

The so-called trap door move isnt common and is considered by financial experts to be an assertive move. But it does have similar precedents in recent disputes between creditors and companies like J. Crew and Neiman Marcus.

A UK court has set a September trial date to decide if Wex can get out of buying eNett and Optal.

Travelport can continue to pursue its modernization strategy and service customers even if it loses that battle, sources familiar with the company said.

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Photo Credit: A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Travelport is in a standstill agreement with its Wall Street creditors, holding off lenders until September in a $1.15 billion dispute over alleged debt defaults. Lucas Jackson / Reuters

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Travelport Strikes Deal With Creditors That For Now Could Save It From Bankruptcy - Skift

These restaurant chains filed for bankruptcy during the pandemic – CNBC

As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy.

Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. While independent restaurants are more at risk, dining room closures and consumers eating more at home has also strained chains, particularly those in the casual dining sector.

The Paycheck Protection Program provided many restaurants, including large chains like P.F. Chang's and Five Guys, with much needed funds to continue operating. But coronavirus cases are once again surging, causing governors to once again close dining rooms to customers.

The crisis will likely change the restaurant industry forever. Experts say that the pandemic and related health concerns may prove to be the death knell for buffet-style restaurants, and the once-thriving "eatertainment" segment is under pressure.

A report from S&P Global Market Intelligence released on Friday identified 15 publicly traded restaurant chains that are most likely to default. Kisses From Italy, a casual dining chain whose shares are trading for 10 cents, topped the list, with a 41.2% chance of defaulting within the next 12 months. Muscle Maker, with a 36.9% chance of default, and Giggles N' Hugs, with a 34.3% chance, came in second and third place.

Starbucks, Denny's and Yum Brands made the S&P list with a much smaller probability of default in a year: all came in under 10%.

But franchisees of large fast-food chains are also struggling.Operators across chains like McDonald's, Wendy's and Yum Brands' Taco Bell received millions in PPP loans. NPC International, Pizza Hut's largest U.S. franchisee, filed for Chapter 11 on July 1 after struggling with its debt burden.

Here are the restaurant chains that have filed for bankruptcy during the pandemic:

A sign is posted on the exterior of a Chuck E. Cheese's restaurant on June 25, 2020 in Pinole, California.

Justin Sullivan | Getty Images

Chuck E. Cheese's parent company filed for Chapter 11 bankruptcy in late June, citing the prolonged venue closures stemming from the pandemic for its financial troubles. The chain had $1.91 billion in liabilities on its balance sheet, as of Dec. 29. The company plans to continue operating as it undergoes the bankruptcy process.

In 2014, private equity firm Apollo Global Management bought CEC Entertainment, which also owns Peter Piper Pizza.

An exterior view of a closed Sweet Tomatoes restaurant amid the spread of the coronavirus on May 10, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images

The parent company of buffet-style restaurants Souplantation and Sweet Tomatoes filed for Chapter 7 bankruptcy in May and closed all of its locations permanently. Garden Fresh had an estimated $50 million to $100 million in liabilities, according to its bankruptcy filing. The following month, the company liquidated its assets.

A pedestrian wearing a protective mask walks past a closed Le Pain Quotidien restaurant in Arlington, Virginia, U.S., on Wednesday, May 27, 2020.

Andrew Harrer | Bloomberg | Getty Images

In late May, the U.S. arm of Le Pan Quotidien, PQ New York, sought Chapter 11 bankruptcy protection. The company had planned to file for bankruptcy prior to the pandemic, but restaurant closures nearly caused it to liquidate, according to court filings. PQ New York had an estimated $100 million to $500 million in liabilities when it filed for bankruptcy.

New York-based restaurant operator Aurify Brands bought all 98 U.S. locations of the restaurant and plans to reopen at least 35.

The logo of restaurant chain Vapiano is pictured at a restaurant in Berlin, on April 2, 2020.

Odd Andersen | AFP | Getty Images

In April, the German restaurant chain applied to start insolvency proceedings in Cologne. The company is publicly traded on the Frankfurt Stock Exchange and has six U.S. locations. When Vapiano went public in 2017, it had a market value of about 553 million euros, or more than $630 million.

West Palm Beach, CityPlace, Brio Tuscan Grille outdoor tables.

Jeff Greenberg | UIG | Getty Images

The parent company of Brio and Bravo restaurants filed for Chapter 11 bankruptcy in April and permanently shuttered 48 out of nearly 100 locations. FoodFirst said it had liabilities of $50,000 or less in its bankruptcy filing.

In June, Earl Enterprises, which owns Planet Hollywood and Earl of Sandwich, bought the two Italian restaurant chains in a deal valued at $30 million and plans to assume the leases of at least 45 locations.

Correction: An earlier version misidentified the source of the report. It was from S&P Global Market Intelligence.It also misstated the market value of Vapiano when it went public. It was worth more than $630 million.

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These restaurant chains filed for bankruptcy during the pandemic - CNBC

David R. Eastlake and Joshua A. Lesser Elected to Bankruptcy Law Section of the State Bar of Texas Positions – Yahoo Finance

David R. Eastlake and Joshua A. Lesser, attorneys in the Houston office of global law firm Greenberg Traurig, LLP, have been elected to positions in the Bankruptcy Law Section of the State Bar of Texas.

HOUSTON, July 22, 2020 /PRNewswire-PRWeb/ -- David R. Eastlake and Joshua A. Lesser, attorneys in the Houston office of global law firm Greenberg Traurig, LLP, have been elected to positions in the Bankruptcy Law Section of the State Bar of Texas.

Eastlake was recently elected Secretary of the State Bar of Texas Bankruptcy Law Section. Eastlake had previously been serving on the Bankruptcy Law Section's Executive Council as an At-Large member. Eastlake will continue to serve on the Executive Council in his new role as an Officer.

Lesser was elected Membership Liaison for the Bankruptcy Law Section's Young Lawyers Committee.

July 1, 2020, marks the start of their two-year term.

"We are proud of David and Josh for their involvement with the Bankruptcy Law Section of the State Bar of Texas," said Shari L. Heyen, co-chair of the firm's Global Restructuring & Bankruptcy Practice and co-managing shareholder of the Houston office. "Greenberg Traurig encourages attorneys to continuously grow in their legal field, while being active and giving back to the community."

"We are honored to serve in our newly elected positions in the Bankruptcy Law Section, which aligns and educates those with similar professional aspirations. We welcome the challenge and are grateful to the Bankruptcy Law Section and Greenberg Traurig for affording us this opportunity," Eastlake and Lesser said in a joint statement.

According to their website, the goal of the Bankruptcy Law Section is to provide an opportunity for all practitioners of bankruptcy law licensed in Texas to meet and exchange information and ideas on a regular basis, including practitioners in both the consumer and business bankruptcy arenas, for those who represent creditors and debtors, and those who live in any geographic region.

Eastlake is a Shareholder in the firm's Restructuring & Bankruptcy Practice. He focuses his practice primarily on the representation of debtors in possession, official and ad hoc committees, significant creditors and secured lenders in complex Chapter 11 reorganization cases, Chapter 7 liquidations, out-of-court restructurings, and commercial and bankruptcy-related litigation matters. His representations have ranged across a wide array of industries, including energy, oil and gas, retail, manufacturing, real estate, financial services, health care, telecommunication and cable.

Lesser is an Associate in the firm's Restructuring & Bankruptcy Practice. He has represented corporate debtors, secured and unsecured creditors, and committees at all stages of corporate debt restructurings, Chapter 11 and Chapter 7 sales and liquidations, and out-of-court workouts.

About Greenberg Traurig's Restructuring & Bankruptcy Practice: Greenberg Traurig's internationally recognized Restructuring & Bankruptcy Practice provides clients with deep insight and knowledge acquired over decades of advisory and litigation experience. The team has a broad and diverse range of experience developing creative and effective solutions to the highly complex issues that arise in connection with in- and out-of-court reorganizations, restructurings, workouts, liquidations, and distressed acquisitions and sales. Using a multidisciplinary approach, the firm's vast resources and invaluable business network, the team helps companies navigate challenging times and address the full range of issues that can arise in the course of their own restructurings or dealings with other companies in distress.

About Greenberg Traurig, LLP Texas: Texas is important to Greenberg Traurig, LLP and part of its history. With more than 130 Texas lawyers in Austin, Dallas, and Houston, Greenberg Traurig has deep roots in the Texas business, legal, and governmental communities. Greenberg Traurig Texas works with clients to address their interdisciplinary legal needs across the state utilizing the firm's global platform. The Texas attorneys are experienced in industries key to the state's future, including: aviation, chemicals, construction, education, energy and natural resources, financial institutions, health care, hedge funds, hospitality, infrastructure, insurance, media, medical devices, pharmaceutical and biotechnology, real estate, retail, sports, technology and software, telecommunications, transportation, and video games and esports.

About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has 2200 lawyers in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.

SOURCE Greenberg Traurig, LLP

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David R. Eastlake and Joshua A. Lesser Elected to Bankruptcy Law Section of the State Bar of Texas Positions - Yahoo Finance

On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters

(Reuters) - Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month of filing their cases, according to a Reuters analysis of securities filings and court records.

Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.

Six of the 14 companies that approved bonuses within a month of their filings cited business challenges executives faced during the pandemic in justifying the compensation.

Even more firms paid bonuses in the half-year period before their bankruptcies. Thirty-two of the 45 companies Reuters examined approved or paid bonuses within six months of filing. Nearly half authorized payouts within two months.

Eight companies, including J.C. Penney Co Inc and Hertz Global Holdings Inc, approved bonuses as few as five days before seeking bankruptcy protection. Hi-Crush Inc, a supplier of sand for oil-and-gas fracking, paid executive bonuses two days before its July 12 filing.

J.C. Penney - forced to temporarily close its 846 department stores and furlough about 78,000 of its 85,000 employees as the pandemic spread - approved nearly $10 million in payouts just before its May 15 filing. On Wednesday, the company said it would permanently close 152 stores and lay off 1,000 employees.

The company declined to comment for this story but said in an earlier statement that the bonuses aimed to retain a talented management team that had made progress on a turnaround before the pandemic.

The other companies declined to comment or did not respond. In filings, many said economic turmoil had rendered traditional compensation plans obsolete or that executives getting bonuses had forfeited other compensation.

Luxury retailer Neiman Marcus Group in March temporarily closed all of its 67 stores and in April furloughed more than 11,000 employees. The company paid $4 million in bonuses to Chairman and Chief Executive Geoffroy van Raemdonck in February and more than $4 million to other executives in the weeks before its May 7 bankruptcy filing, court records show. Neiman Marcus drew scrutiny this week on a plan it proposed after filing for bankruptcy to pay additional bonuses to executives. The company declined to comment.

Hertz - which recently terminated more than 14,000 workers - paid senior executives bonuses of $1.5 million days before its May 22 bankruptcy, in part to recognize the uncertainty they faced from the pandemics impact on travel, the company said in a filing.

Whiting Petroleum Corp bestowed $14.6 million in extra compensation to executives days before its April 1 bankruptcy. Shale pioneer Chesapeake Energy Corp awarded $25 million to executives and lower-level employees in May, about eight weeks before filing bankruptcy. Both cited fallout from the pandemic and a Saudi-Russian oil price war, which they said rendered their incentive plans ineffective.

Reuters reviewed financial disclosures and court records from 45 companies that filed for bankruptcy between March 11, the day the World Health Organization declared COVID-19 a pandemic, and July 15. Using a database provided by BankruptcyData, a division of New Generation Research Inc, Reuters reviewed companies with publicly trade stock or debt and more than $50 million in liabilities.

Such bonuses have long spurred objections that companies are enriching executives while cutting jobs, stiffing creditors and wiping out stock investors. In March, creditors sued former Toys R Us executives and directors, accusing them of misdeeds that included paying management bonuses days before its 2017 bankruptcy. The retailer liquidated in 2018, terminating more than 31,000 people.

A lawyer for the executives and directors said the bonuses were justified, given the extra work and stress on management, and that Toys R Us had hoped to remain in business after restructuring.

In June, congressional Democrats responded to the pandemic-induced wave of bankruptcies by introducing legislation that would strengthen creditors rights to claw back bonuses. The bill - the latest iteration of a proposal that has long failed to gain traction - faces slim prospects in a Republican-controlled Senate, a Democratic aide said.

Firms paying pre-bankruptcy bonuses know they would face scrutiny in court on compensation proposed after their filings, said Clifford J. White III, director of the U.S. Trustee Program, a Justice Department division charged with monitoring bankruptcy proceedings. But the trustees have no power to halt bonuses paid even days before a companys bankruptcy filing, he said, allowing firms to escape the transparency and court review.

The 2005 legislation required executives and other corporate insiders to have a competing job offer in hand before receiving retention bonuses during bankruptcy, among other restrictions. That forced failing firms to devise new ways to pay the bonuses, according to some restructuring experts.

After the 2008 financial crisis, companies often proposed bonuses in bankruptcy court, casting them as incentive plans with goals executives must meet. Judges mostly approved the plans, ruling that the performance benchmarks put the compensation beyond the purview of the restrictions on retention bonuses. The plans, however, sparked objections from Justice Department monitors who called them retention bonuses in disguise, often with easy milestones.

Eventually, companies found they could avoid scrutiny altogether by approving bonuses before bankruptcy filings. Dozens of companies have approved such payouts in the last five years, said Brian Cumberland, an executive compensation expert at consulting firm Alvarez & Marsal who advises companies undergoing financial restructurings.

Companies argue the bonuses are crucial to retaining executives whose departures could torpedo their businesses, ultimately leaving less money for creditors and employees. Now, some companies are bolstering those arguments by contending that their business would not have cratered without the economic turmoil of the pandemic.

The pre-bankruptcy payouts are needed, companies say, because potential stock awards are worthless and it would be impossible for executives to meet business targets that were crafted before the economic crisis. The bonuses ensure stability in leadership that is needed to hold faltering operations together, the firms contend.

Some specialists argue the bonuses are hard to justify for executives who may have few better job options in an economic crisis.

With double-digit unemployment, its a strange time to be paying out retention bonuses, said Adam Levitin, a professor specializing in bankruptcy at Georgetown Universitys law school.

J.C. Penney has not posted an annual profit since 2010 as it has struggled to grapple with the shift to online shopping and competition from discount retailers. The 118-year-old chain, at various points, employed more than 200,000 people and operated 1,600 stores, figures that have since been cut more than half.

On May 10, J.C. Penneys board approved compensation changes that paid top executives, including CEO Jill Soltau, nearly $10 million. On May 13, Soltau received a $1.7 million long-term incentive payment and a $4.5 million retention bonus, court filings show.

The annual pay of the companys median employee, a part-time hourly worker, was $11,482 in 2019, a company filing shows.

J.C. Penney filed for bankruptcy two days after paying Soltaus bonuses. At a hearing the next day, a creditors lawyer argued the payouts were designed to thwart court review. The payouts were timed so that they didnt have to put it in front of you, said the lawyer, Kristopher Hansen, addressing U.S. Bankruptcy Judge David Jones.

Jones - who is also overseeing the Whiting Petroleum, Chesapeake Energy and Neiman Marcus cases - told Reuters that such bonuses are always a concern in bankruptcy cases. That said, the adversarial process demands that parties put the issue before me before I can take action, he added, emphasizing he was speaking of general dynamics applicable to any case. A comment made in passing by a lawyer is not sufficient.

In its statement earlier this year, J.C. Penney said the bonuses were among a series of tough, prudent decisions taken to safeguard the firms future.

Dennis Marten - a shareholder who said he once worked at a J.C. Penney store - disagrees. He has appeared at court hearings pleading for an investigation of the companys leadership.

Shame on her for having the gall to get that money, he said of Soltau.

Reporting by Mike Spector and Jessica DiNapoli; Editing by Brian Thevenot

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On eve of bankruptcy, U.S. firms shower execs with bonuses - Reuters

Unemployment is up in NC, but bankruptcies are down – so far – WRAL.com

By Cullen Browder, WRAL anchor/reporter

Raleigh, N.C. The coronavirus pandemic has wreaked havoc on North Carolina's economy:

WRAL Investigates found that those investments have paid off on at least one front so far personal bankruptcies are down in North Carolina. But that safety net could soon run out.

"We're seeing a big uptick in Chapter 11 filings, the corporate reorganizations," said Ciara Rogers with Campbell University's Norman Adrian Wiggins School of Law.

Rogers, who studies bankruptcy trends in North Carolina, said many of those companies were already on shaky ground before the coronavirus. Big brands like GNC, Brooks Brothers and Chuck E. Cheese recently filed for bankruptcy protection. Small businesses are also feeling pinched, she said.

"Some restaurants have started to file," she said.

Despite the struggling economy, there hasn't been a spike in consumer bankruptcy cases yet.

WRAL Investigates went through bankruptcy cases across North Carolina from mid-March, when restaurants were first shut down, to the end of June. During that time, there were 2,612 bankruptcy filings in North Carolina, compared with 3,683 during the same period last year.

"A lot of that has to do with the various federal, state and local government programs that are still helping people get through," Rogers said.

Those programs include the federal mortgage protection program, the Paycheck Protection Program, extended unemployment benefits and the extra $600 a week in unemployment that is set to on Saturday.

Rogers predicted personal bankruptcies could explode later this year if some of those programs aren't extended.

Congress continues to debate plans to extend relief.

One proposal in the Senate would continue the $600-a-week aid package but reduce it based on the unemployment rate in individual states. Protection on federally backed mortgages is also set to expire in September unless lawmakers take action.

Rogers said she hopes people have been smart with their money.

"That [extra unemployment benefit] allowed people to hopefully plan ahead and allow them to stay afloat for a little longer than they otherwise would have been able to do," she said. "What I think we'll see toward the end of 2020 is interest rates will remain low, but credit may become more unavailable or difficult to get, and that's going to push more people into bankruptcy."

With no end in sight for the pandemic, she said people need to look for financial solutions now.

"Don't stick your head in the sand," she said. "Now is the time to make those tough decisions. Now is the time to see if this business model you've been using is working."

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Unemployment is up in NC, but bankruptcies are down - so far - WRAL.com

The Sacklers Could Get Away With It – The New York Times

The billionaire Sacklers who own Purdue Pharma, maker of the OxyContin painkiller that helped fuel Americas opioid epidemic, are among Americas richest families. And if they have their way, the federal court handling Purdues bankruptcy case will help them hold on to their wealth by releasing them from liability for the ravages caused by OxyContin.

The July 30 deadline for filing claims in Purdues bankruptcy proceedings potentially implicates not just claims against Purdue, but also claims against the Sacklers. The Sacklers may yet again benefit from expansive powers that bankruptcy courts exercise in complex cases.

So far, the bankruptcy court has granted injunctions stopping proceedings in several hundred lawsuits charging that Sackler family members directed the aggressive marketing campaign for OxyContin; it and other opioids have been implicated in the addictions of millions of patients and the deaths of several hundred thousand.

The Sacklers have offered $3 billion in the hope that the bankruptcy court will impose a global settlement of OxyContin litigation. Under this settlement, all claims against the Sacklers, even by families who lost loved ones to opioids, would be forever extinguished.

The Sacklers would walk away with an estimated several billion of OxyContin profits while leaving unresolved a crucial question asked by victims and their families: Did the Sacklers create and coordinate fraudulent marketing that helped make their best-selling drug a deadly national scourge? With that question left unanswered, many of those injured by OxyContin would feel victimized again.

In a bankruptcy filing, debts are forgiven discharged, in legal terms after debtors commit the full value of all of their assets (with the exception of certain types of property, like a primary home) to pay their creditors. That is not, however, what the Sacklers want, and indeed the members of the family have not filed for bankruptcy themselves.

What they propose instead is to be shielded from all OxyContin lawsuits, protecting their tremendous personal wealth from victims claims against them. Whats more, a full liability release would provide the Sacklers with more immunity than they could ever obtain in a personal bankruptcy filing, which would not protect them from legal action for fraud, willful and malicious personal injury, or from punitive damages.

Appallingly, legal experts expect the court to give the Sacklers what they want. The precedent is a 1985 case in which the A.H. Robins Company, the manufacturer of the Dalkon Shield contraceptive device, filed for bankruptcy protection.

Plaintiffs charged that members of the Robins family and others had fraudulently concealed evidence of the Dalkon Shields dangers. None had themselves filed for bankruptcy, but the court discharged all of them from liability.

The releases even went so far as to prohibit injured women from suing their doctors for medical malpractice claims. Other bankruptcy courts have since embraced this concept of a shield from liability for those who have not filed bankruptcy.

The Constitution vests only Congress with the power to enact bankruptcy law, the essence of which is prescribing by statute how much wealth a debtor must surrender to creditors in order to obtain a discharge. But Congress has never given a green light for the courts to create a liability discharge process for those like the Sacklers who have not submitted all of their assets to the control of a bankruptcy court by filing bankruptcy.

This extraordinary practice presents serious obstacles for those injured by OxyContin. If granted, it will be nearly impossible to get a full and transparent assessment of the Sacklers role in the opioid crisis without either the appointment of an independent examiner in the bankruptcy case or congressional investigations.

Allowing the bankruptcy court to impose a global OxyContin settlement may at first appear to be an efficient way to resolve litigation that could drag on for years. But the Sacklers will benefit from this expediency at the expense of victims.

At stake is whether there will ever be a fair assessment of responsibility for Americas deadly prescription drug epidemic. Protection from all OxyContin liability for the Sackler family would be an end-run around the reckoning that justice requires.

Gerald Posner (@geraldposner) is the author of Pharma: Greed, Lies and the Poisoning of America. Ralph Brubaker teaches bankruptcy law at the University of Illinois.

The Times is committed to publishing a diversity of letters to the editor. Wed like to hear what you think about this or any of our articles. Here are some tips. And heres our email: letters@nytimes.com.

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The Sacklers Could Get Away With It - The New York Times

The First REIT Bankruptcy Since 2009, A New Institutional Data Source, And Our Updated Sector Outlook – Seeking Alpha

This article was coproduced with Williams Equity Research.

At iREIT, we are on the cutting edge when it comes to REIT research, and this article is just one example of how we are taking our platform to an all-new level. If utilized correctly, technology can become a powerful differentiator for unlocking value in real estate, and this article is one such example. We hope you enjoy the timely content and thoughtful research report.

Source

Per Bloomberg, CBL & Associates Properties, Inc (CBL) is filing for bankruptcy. That's no surprise to our subscribers as we've been deterring curious distressed REIT prospectors from investing in the name for several quarters.

Before discussing updates pertaining to CBL, well put the rarity of this event into context by briefly reviewing the bankruptcy of General Growth Partners ("GGP"). With CBL's filing finalized, these two firms are the only recent equity REIT bankruptcies in the modern era.

For those interested in an in-depth analysis of CBL, please see our previous article. We will not rehash all the details.

CBL and GGP combined excessive leverage with mall properties of mixed quality.

Source: Q1 Supplemental Filing

CBL's properties are self identified at 20%, 34%, and 26%, Tier 1, 2, and 3 caliber properties, respectively.

Here's a quick summary from WERs previous work:

GGP went on a massive buying spree in the 2000s resulting in $25 billion in debt. As leverage ratios entered the teens, a figure that is unheard of in today's market, the CEO was removed but remained the Chairman of the Board. There is a long list of corporate governance failures within GGP's story. In 2009 and in the midst of the greatest modern liquidity crunch, GGP missed a $900 loan payment backed by two Las Vegas properties. By the time that occurred, GGP's stock was down 98%. Bill Ackman of Pershing Square, a name many of us are familiar with, owned a 25% stake in GGP prior to its demise. The resulting bankruptcy was and still is the largest in real estate history.

This led to a recapitalization and dissection of GGP's massive asset base.

By February 2010, the "smart money" arrived in the form of a $2.625 billion equity investment by Brookfield (BAM). These assets would later become the bedrock of Brookfield Property REIT (BRP) and Brookfield Property Partners (BPY). Despite the bad news and much in part due do Brookfield's investment in the troubled firm, GGP's creditors were paid in full with even equity investors receiving a favorable recovery rate. This is as rare as GGP's bankruptcy itself.

Firms we follow and have investments in were intimately involved.

GGP stayed around in one form or another until it was acquired by Brookfield Property Partners in August of 2018. Before the final transaction, GGP's leverage remained elevated and issues cropped up as a result. Brookfield diversified out of the properties by selling large stakes to TIAA and the CBRE Group.

Our continued financial analysis of CBL indicated that it was "highly likely" that not one, but multiple covenants had been breached by early Q2 of 2020. Given the disdain for mall properties by the public and private markets, our deep understanding of the firm's financial situation, and a struggling high yield credit market, our certainty that CBL would not remain solvent was nearly absolute.

A few days after our piece was published to subscribers, CBL warned on June 5 that "its ability to continue as a going concern is in doubt."

This announcement is because CBL did not pay an $11.8 million interest payment due June 1. An already tough situation was made impossible with government lockdowns, heightened concern surrounding big box department stores, and an accelerated shift toward online shopping.

With nearly 50 J.C. Penny stores (OTCPK:JCPNQ) in its portfolio, a retailer that recently declared bankruptcy itself and cut another 1,000 jobs a few days ago, and the collection of 25%-30% of rent in both April and May, CBL's fate was sealed.

In the midst of an active redevelopment campaign and saddled with mid-quality mall assets, CBL never really had a chance once governments began shutting down their local economies.

Source: Seeking Alpha

Speculators betting on equity REITs' nearly impeccable track record of avoiding Chapter 11 or Chapter 7 watched as CBL absorbed an 80% loss year-to-date. Investors often confuse a low dollar price with lower principal risk, a 50% loss is a 50% loss whether the stock falls from $1,000 a share to $500 or $1.00 to $0.50. In WERs experience, many individual investors' largest losses are on low dollar value stocks.

While performing institutional operational and investment due diligence on a variety of managers, WER obtains exceedingly rare behind-the-scenes understanding of how top asset managers function. This includes discovering these firms' competitive advantages and evaluating their durability over time.

Wide Moat Publishing (parent company of iREIT and Dividend Kings) recently established a business relationship with Orbital Insight, a leader in geospatial data collection and analysis. This type of resource is often called the "secret weapon" of hedge funds and private equity firms.

We had Orbital Insight aggregate cellular data associated with 62 CBL properties. This is a well-established strategy among more sophisticated institutional investors that we now incorporate into our process to the benefit of our subscribers.

With that introduction, let's evaluate the data pertaining to CBL and incorporate that into our updated outlook on commercial real estate and REITs.

Source: Orbital Insight

Keep in mind this data is derived from CBL's 62 properties located primarily east of the Mississippi River but concentrated in more affordable markets which exclude the likes of Chicago, New York, and New Jersey. CBL also has significant exposure to Texas

Source: Orbital Insight

Despite the diversification across over a dozen states, CBL's foot traffic completely evaporated between late February and mid March. After decreasing approximately 90% over that quick period, foot traffic quickly recovered to down 25% year-to-date. The nearly real-time data showed a quick retreat to down 60%-plus from early June through July 18. Well explore that decline in more detail.

Source: Q1 Supplemental Filing

For context, CBL's portfolio of malls maintained approximately 90% occupancy at the end of Q1 2020, in line with Q1 2019's statistics and making that variable fixed for most of the period. To better evaluate the contributors to the sharp changes in foot traffic, we need to close in on where the most valuable properties are by sales per square foot.

Source: Q1 Supplemental Filing

Based on reporting by the NYT, all states where CBL has key assets were fully locked down as of April 30. Let us move to July 21 and see what has changed.

Source: NYT

Outside of Florida, Texas, and Michigan, all the states where CBL has meaningful exposure are reopened or reopening. Given the complexity and randomness associated with states' economic policies due to the coronavirus, it's necessary to identify how individual sectors are impacted.

Source: NYT

Using this more granular data, effectively all the states where CBL has properties are open for retail stores and restaurants. While the sharp drop in foot traffic at CBL's malls occurred alongside the onset of widespread state lockdowns, the recent decrease in visitation doesn't correlate well with this variable. Investors expecting a rapid recovery in CBL foot traffic strictly due to the easing of lockdowns are likely to be disappointed.

Source: Orbital Insight

Every region showed a recent collapse in visits to mall properties independent of local policies. Other factors, such as news coverage, infection rates, and treatment availability may be more important at this stage.

Source: Orbital Insight

We can rule out asset quality as foot traffic has been effectively identical across Grade A, B, and C properties.

Source: Orbital Insight

Foot traffic in the states CBL has exposure are down significantly across the board. California and New Jersey stand out with the heaviest decreases (>60%) with Michigan, Wisconsin, and Minneapolis the next worst performing group (>47.5%). Coincidently or not, New Jersey has the highest mortality rate of any U.S. state (177 per 100,000 as of July 20th) with California leading the nation in total cases at 391,538 as of July 21.

While no definitive conclusion can be reached, it appears that the hard data on coronavirus infection and mortality rates is at least as important as government policy surrounding lockdowns. In fact, some of the states with the longest and harshest lockdown policies are among the worst performing even after the lockdowns are put in place. Logical arguments can be made on both sides, but as investors, our unemotional take is to remain skeptical about any one variable saving or destroying foot traffic at retail real estate.

What CBLs One Bright Spot Tells Us

Source: Orbital Insight

This chart is year-to-date with each column representing a week's worth of data. The rows are CBL's individual properties. The chart completely changes in the second week of March as blue goes to dark orange reflecting a major drop in foot traffic from Orbital Insights cellular geospatial data. That's not too surprising but let's zoom in on that one bright spot.

Source: Orbital Insight

Interestingly, CBL's outlet centers standout as the strongest performers. These properties experienced way above average visitation rates throughout June and the first week of July. These numbers collapsed again during the second week of July but fared much better than the enclosed properties.

This suggests two potential considerations: i) There's pent-up demand for physical retail shopping and ii) outlet centers, with much lower population densities and greater separation between shoppers, seem uniquely positioned to outperform while coronavirus fears still percolate society.

We will be using Orbital Insight research for a granular research report on Tanger Outlets (NYSE:SKT) and other mall REITs - stay tuned.

This article was previously published for iREIT on Alpha members.

Author's note: Brad Thomas is a Wall Street writer, which means he's not always right with his predictions or recommendations. Since that also applies to his grammar, please excuse any typos you may find. Also, this article is free: Written and distributed only to assist in research while providing a forum for second-level thinking.

We just launched iREIT Earnings Headquarters:

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Disclosure: I am/we are long SPG, SKT, BPYU. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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The First REIT Bankruptcy Since 2009, A New Institutional Data Source, And Our Updated Sector Outlook - Seeking Alpha

Flamingos in Abu Dhabi: are the birds thriving because humans backed off? – The National

With reference to Anna Zacharias's report Abu Dhabi flamingos enjoy record breeding season as nature benefits from Covid-19 restrictions (July 21): this is probably due to the fact that people have not been disturbing the colony since March.

Janet Humphrey, Abu Dhabi

Parents in two minds over schools having pupils wear masks

With reference to Gillian Duncan's report Abu Dhabi pupils to wear masks as authorities set out new school rules (July 21): it is easier to just keep the children at home and homeschool them.

Saif Omar Al Suwaidi, Abu Dhabi

I think secretly parents are hoping online classes will continue. The stress of sending children to formal school as of now is way too high.

Monika Arora Agarwal, Dubai

Teachers will need all the luck trying to get the pupils under 10 to follow social distancing rules and wear masks for the entire day. I cannot picture these poor children playing at 1.5m spacing. I don't see how it can happen.

Aashiq Kumandan, Al Ain

UAE enters the history books for launching Mars probe

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Updated: July 22, 2020 02:47 PM

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Wilkin: Never a Saratoga opening day like this one – Times Union

Opening day at Saratoga. Nothing quite like it. Everything was in place Thursday for another spectacular summer season at the Spa.

Except for one thing. And, unless you have been vacationing on Mars for the past four months, you know what that is.

When racing began on Thursday for the 152nd time, the major players were in town. Mechanicville's Chad Brown was ready to defend his training title for the second straight summer. Todd Pletcher, who has won more training titles than anyone else, was also here.

The best jockey colony in the land was ready to rock and roll, too. The Ortiz brothers and Johnny Velazquez and Javier Castellano, too.

And, of course, the horses. The stars of the show every summer are the thoroughbreds and they never disappoint.

Back to what is missing. You know, now, right? Of course you do. People. All kinds of people.

Due to the coronavirus pandemic, the gates to the old Spa stayed shut to the masses. And, for the foreseeable future, that is the way it is going to stay. Not having fans at Saratoga seems absolutely, positively, unquestionably impossible. In the long and storied history of the Capital Region's horse park, spectators have never been told they could not come.

Even when there was the 1918 Spanish flue pandemic, people came to the races.

The coronavirus pandemic has shut down the Spa to the people. And, yes, spectators who have come here for years and years are disappointed. And frustrated. And mad. When Saratoga started on Thursday, the only way people who longed to be here could watch the races was on television.

That had to be weird for them. And, believe me, it was weird for everyone who was allowed to be on the grounds for the 10-race card. Trainers and jockeys and jockey valets and grooms and NYRA employees were all here. So was the media, to document such a historic event.

"It's the world we are living in now," jockey Manny Franco said a few days before the meet started. "Not seeing anyone in the grandstand? Weird."

The only sliver of silver lining in all of this is that at least the track is running. Look at all the events around the world that have been KO'd by COVID-19. The Olympics, for goodness sake, was called off.

Franco and five other riders came out of the jockeys' room 12 minutes before the start of the first race, scheduled to go off at 1:10 p.m. They all took the familiar route, taking a right out of the room and walking down the horse path to the paddock. On a normal day, they would all be besieged by young fans begging for an autograph.

That first race was a race that would have had the crowd roaring. Grit and Glory, ridden by apprentice Luis Cardenas, won the stretch duel by a neck over Franco's mount, Jerome Avenue. It gave trainer Linda Rice the first of her two wins on the afternoon. As ecstatic as she was for the win, there was also a twinge of sadness. She missed the fans who loyally come to Saratoga day after day, year after year.

"It's not the same without them," she said. "When I came in and saw the empty grandstand and all the picnic tables empty and no one there to share in all the excitement, that was pretty strange."

The roar would have been deafening with people in the house and longtime NYRA announcer John Imbriale, in his first full Saratoga season, would have been the catalyst for that. Instead, his solid-as-always call was heard by a smattering of people who were lined along the fence on the apron. All those were people who worked with the horses, along with other essential workers.

Very little cheering, except by those associated with the winner. A strange, surreal feeling. Sounds on the track: horses hooves on dirt and turf, jockeys chirping to their mounts. You don't hear that when the stands are full.

"It's the hand you are dealt with and you have to play it," Imbriale said before the card started. "If I can't get pumped up or excited about calling races at Saratoga, whether there are people here or not, I am missing the boat."

The emptiness also struck a chord with Saratoga's favorite son, Mechanicville's Brown. He won the co-featured Peter Pan with Country Grammer and might have a Travers horse on his hands. But he felt bad for those who could not be here. He's a local. He understands what this meet means to so many.

"It's been a tough day," Brown said. "Walking around ... I never thought I'd see that. It's definitely a bittersweet day when this beautiful place is empty where I grew up. Hopefully, this is the only year we have to do this."

I hear you, Chad. It was tough enough to do it on Thursday. Now we have to do it for 39 more days.

twilkin@timesunion.com 518-454-5415 @tjwilkin

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Wilkin: Never a Saratoga opening day like this one - Times Union