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Monthly Archives: September 2021
Med-tech giants Baxter and Hillrom consolidate in $12M deal that could shake up the connected health space – eMarketer
Posted: September 4, 2021 at 6:11 am
The news: Medtech giant Baxter is acquiring fellow medtech company Hillrom in a $12.4 billion deal thats expected to close by early 2022.
Why it matters: Together, Baxter-Hillrom will be able to offer a strong portfolio of digital health solutions to its hospital and health system customers.
Whats next? Baxters acquisition of Hillrom makes it a stronger competitor against younger, tech-driven digital health companies clawing at the same share of the growing hospital-at-home market.
The senior population is swelling and older adults want to age in their homes.
And the hospital-at-home movement is gaining traction on the government stage, making it all the more enticing to dive into:
Even though Baxter and Hillrom are not traditionally digitally-driven healthcare companies, their massive existing footprint in hospitals and health systems could give the combined entity a leg up.
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Opinion | Requiring tech giants to share revenues with Canadian news outlets could be a much-needed lifeline – ThePeterboroughExaminer.com
Posted: at 6:11 am
As reliably as Canadian winters bring snow, elections bring promises. And with the Canadian federal election now but a couple of weeks away, the promises are coming fast and furious.
This is ostensibly what democracy is supposed to look like: parties vying for office put forth a set of proposed policies and voters go to the polls and pick both what they want and what they think is best.
Democracy, however, has more to it that just governments and voters. There are other parts to it: the judiciary for one, and also the press. And that latter group has long been waiting for something tucked within the Liberal partys newly released platform. Now called the Australian Model, the Grits policy would require digital platforms that generate revenues from the publication of news content to share a portion of their revenues with Canadian news outlets.
It is, in short, a financial lifeline to an industry that has been decimated over the past two and a half decades since the arrival of the internet. And in that sense, the Liberal proposal should, if nothing else, elicit cries of relief; finally, someone is doing something about the sorry state of the news business. In a democratic society, saving news can only be a good thing.
Of course, there are always those who argue that when it comes to privately-run business like a news site, no one but the company in question should do anything at all; leave it to the free market and let God sort things out.
There is a certain sort of logic to that perspective. The news business is, after all, not blameless in its current situation. After being slow to react to the web, and even slower to shift to more sustainable business models like paywalls, its initially antagonistic relationship with the newness of the web has had catastrophic effects.
But the thing with news is that if there is a disaster in the industry, then there is much more than the news business that suffers. Just as governments form a core part of democracy, so too does the press. At its best it holds power to account, uncovers corruption and wrongdoing, and ideally, produces a better informed, more culturally literate populace.
But this week, as but one example, anti-vaxxer protests across the country actually blocked traffic to hospitals in some cities. The rise of those sort of flatly false conspiracy theories has happened because the information landscape has shifted in the era of the web, and the reduced capacity of the news business is one reason for it.
In short, tech giants, Facebook and Google in particular, now control about 90 per cent of the advertising business. They are also the conduits through which the publics attention is directed. That combination has shifted the locus of power from the media to tech, and far from a democratization of our public sphere, it has instead turned it into a cacophonic mess.
Hence the Australian model. What it, and the Liberal policy modelled on it, proposes is twofold: first, that the tech companies will have to pay news organizations to link to their content; and secondly, that news organizations can collectively bargain that price with the tech companies, with binding arbitration if necessary.
The proposal isnt perfect. By linking the financial future of news to Facebook and Google, the policy runs the risk of entrenching their power; it is harder to unseat large corporations once they have become the bedrock of certain parts of society. There is also some confusion about why the tech companies should pay; they do not publish news content but, rather, link to it though given that a significant portion of discussion online is based on media output, this seems more a question of clarification than a fatal flaw.
But as a solution to social ills, the proposal is a clear step in the right direction. Wherever we might lay the blame for the current state of media whether on a predatory and profit-obsessed tech sector, media itself, or a polarized and increasingly fractious political climate what is clear is that the news business is necessary.
During the pandemic, for example, the media has been a key component of informing the public of public health measures, where and why to get a vaccine, as well as being the site of vigorous debate over how to best balance political freedoms and epidemiology.
Yet that capacity of media to inform and create a culturally fluent audience is these days forever hamstrung by its massively reduced revenue. Reporters are harried, fact-checkers are expensive and increasingly rare, and new technological and business ventures become harder and harder to implement when companies are barely keeping their heads above water.
While it once seemed sure, polling suggests it is no longer certain that the Liberals will win. For the news business at least, that will be a shame, because the other two parties plans for the tech giants seem more diffuse. More importantly, for all of us, sustaining news is an idea that has been too long coming and regardless of who wins, if news isnt saved, we will all lose.
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Auto Shows Are Back and CEOs Have Wheeling-and-Dealing to Do – Yahoo Finance
Posted: at 6:11 am
(Bloomberg) --
When automotive chieftains gather in Munich this upcoming week for Europes first major car show in two years, theyll do more than just lift the veil on shiny sheet metal. These are occasions where big deals tend to get done.
Consider one of the last times the auto world descended on a European city for such a forum in March 2019. Just before the action got underway in Geneva, the CEOs of Peugeot maker PSA and Fiat Chrysler met to sow the seeds of what blossomed into a mega merger, vaulting Stellantis NV into the same league as Toyota Motor Corp. and Volkswagen AG.
Theres no telling whether executives will mask-up and elbow-bump their way to another blockbuster transaction in Munich. Toyota, Stellantis and Nissan Motor Co. arent even attending, and carmakers that are will send smaller contingents due to the surging delta variant. If that werent enough, many who want to get to Bavaria have had their travel plans disrupted by a Germany-wide rail strike.
Still, this much is certain: the same forces that drove PSA and Fiat into one anothers arms are only more relevant two years after their initial huddle off the 2019 Geneva show floor.
Youve got to be innovative, and for that you need to have significant firepower and a global footprint, said Peter Fuss, a partner at EY. Otherwise, the dependence on certain markets is too great and theres the issue of scaling technologies.
Carmakers have earmarked a whopping $330 billion in spending to electrify their lineups by 2025, according to consultants at AlixPartners. Revenue is being constrained by the global semiconductor shortage that is showing no signs of letting up anytime soon. Charging infrastructure must be built out to ensure EVs will appeal to the masses. And while sales of battery-powered cars are starting to take off, catching up with tech giants in the race to bring autonomous driving and connectivity to cars will be a herculean task.
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Driverless? No, But How About the Car as Co-Pilot?Where We Are on the Road to Electric Vehicles?
VW CEO Herbert Diess in June called driverless vehicles the most sophisticated internet device you can imagine, predicting autonomy will bring about even greater change to the industry than the rise of EVs. Carmakers accustomed to competing on zero-to-60 times and other specs are now battling for valuable in-car data with deep-pocketed tech firms. At stake is control over what could become a $400 billion market by 2030, according to McKinsey & Co.
Pursuing tie-ups and M&A will be essential, EYs Fuss said, because carmakers rightly sense theyre moving too slowly. While VW is plotting a more than $30 billion software-related investment binge, even Diess has said there are old, encrusted structures the company must dismantle in order to be more agile.
He and his peers better hurry. Amazon.com Inc. has demonstrated its mobility ambitions by backing electric-vehicle maker Rivian Automotive Inc. and snapping up self-driving startup Zoox. Google has had its struggles scaling its autonomy efforts, but it remains widely viewed as the leader in the space. Speculation was rampant early this year that Apple Inc.s car activities are picking back up.
Plenty Activity
Europes carmakers are already doing plenty of wheeling-and-dealing to combat the threats. Just this year, VW has kicked the tires on a potential listing of Porsche and handed off majority control of Bugatti. Daimler is breaking itself up into separately listed truck and car companies, its biggest shake-up since the sale of Chrysler.
Outside Germany, Renault SA is working to fill what its CEO has described as an unacceptable void in China by joining forces with Geely Holding Group. Geely, meanwhile, is exploring a listing of Volvo Cars later this year, and their EV-making offshoot Polestar is said to have discussed going public through a blank-check firm merger that could value the company at $25 billion.
The car-parts sector also has been plenty active. Frances Faurecia SE just prevailed in a bidding battle with peers for Germanys Hella GmbH in an $8 billion deal that was one of the biggest among European auto suppliers in years. Swedens Veoneer Inc. is poised to end up in the hands of Qualcomm Inc. or Magna International Inc. And Vitesco Technologies, the powertrain and sensor unit due to be spun off from Continental AG this month, has already flagged its appetite for M&A.
Terrifying Trend
While auto shows have been ideal forums for deal-making, prospects may be better for shows after Munich. Business travel remains in pandemic-induced doldrums, and in Germany -- where six-in-10 people are fully vaccinated -- the infection rate has managed to surge fivefold in the past month.
While organizers for the show this upcoming week are banking on outdoor spaces and inner-city events helping to open up space for participants to spread out, some executives remain concerned. Audi is staffing the show with a small team and reducing its trade-fair presence to a single outdoor stand, according to CEO Markus Duesmann.
Its terrifying -- for us all, I believe -- how the incidence rates are developing, and we know that hospitalizations and rising deaths normally follow, he told reporters last week. I like the concept, but I see the timing critically because of the incidences.
More stories like this are available on bloomberg.com
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Auto Shows Are Back and CEOs Have Wheeling-and-Dealing to Do - Yahoo Finance
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Tech giants have to abide by child protection rules coming into force – Metro.co.uk
Posted: at 6:11 am
A new code has come into force to help protect the data and privacy of children (Credits: PA)
Tech giants face large fines if they fail to follow new child data and privacy protection measures that come into full force on Thursday.
The Age Appropriate Design Code sets out 15 standards that companies are expected to build into any online services used by children, making data protection of young people a priority from the design up.
These can stretch from apps and connected toys to social media sites and online games, and even educational websites and streaming services.
Location tracking, profiling, and use of nudge techniques that encourage users to provide unnecessary personal data, are among the features that must be switched off or limited.
The Information Commissioner, whose office devised and will enforce the rules, said the move is not about age-gating the internet nor locking children out.
The internet was not designed with children in mind and I think the Age Appropriate Design Code will go a long way to ensure that kids have the right kind of experience online, Elizabeth Denham told the PA news agency.
I think it will be astonishing when we look back to ever think of a time when we didnt have protections for children online because I think they need to be protected in the online world in the same way that theyre protected in the offline world.
As the code is based on the back of GDPR, companies risk being fined up to 17.5 million or 4% of their annual worldwide turnover whichever is higher for serious failures.
The Information Commissioners Office (ICO) warned that it will probably take more severe action against breaches involving children where it sees harm or potential harm.
Companies were given a year to ensure their platforms adhere to the measures before a September 2 deadline, though several have scrambled to make last-minute changes in recent weeks.
Instagram recently announced it would require all users to provide their date of birth, while Google has introduced a raft of privacy changes for children who use its search engine and YouTube platform.
TikTok also began limiting the direct messaging abilities of accounts belonging to 16 and 17-year-olds, as well as offering advice to parents and caregivers on how to support teenagers when they sign up.
Andy Burrows, head of child safety online policy at the NSPCC, said: Its no coincidence that a flurry of tech firms have made child safety announcements on the eve of the childrens code coming into force.
This landmark code shows that regulation works and that there is little doubt this UK leadership is having a global impact on the design choices of the sites such as Instagram, Google and TikTok.
The Information Commissioner should now actively enforce the code and be prepared to take swift action against companies who fail to build and run services with the best interests of children in mind.
Backed up by an ambitious Online Safety Bill that comprehensively tackles child sexual abuse, the childrens code can fundamentally change how companies design their sites so they become truly safe for children.
MORE : No more cookie pop-ups: government wants post-Brexit GDPR overhaul
MORE : Instagram will force users to add a birth date to prove theyre over 13
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Tech giants have to abide by child protection rules coming into force - Metro.co.uk
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Facebook steps into the world of gaming and launches its Fantasy Games – Digital Information World
Posted: at 6:11 am
Facebook is a huge social network with a vast amount of audience to it. Anyone you know anywhere in the world, definitely has a Facebook account and while it is great means of communication, the social giant doesnt want to limit itself to just that and the past couple of years with Facebook coming up with new features and tools is a living proof of this.
While the tech giant has come up with great features a lot of times before, this newly introduced feature maybe something the social giant has done for the first time. Facebook is stepping into the world of gaming with its own Facebook Fantasy Games. While the tech giant already gave access to its users to a variety of games through the platform, this newly introduced set of games will be the tech giants own budding and will also entertain users by allowing them to predict what is happening in the world of gaming, sports, pop culture and TV Shows.
The first game which the tech giant has introduced in this series is called Pick and Play, which is a sports prediction game the tech giant has made in collaboration with Whistle Sports. In this game the users will be asked questions related to big sports game, how much points were made by a specific player or the total points of the game, in short any question related to sports will be asked and when the users pick the correct option, they will be given a point.
In the coming months, the company plans on launching several other games like Bachelorette and Fancy Survivor in which users will answer questions related to the upcoming episodes by guessing what possibly may happen.
MLB Homerun Picks will allow users to guess which team will be making the most score on a particular day during the MLB Postseason. A game by Buzz feed will also be introduced.
All these games will have a public leader board which will display names of users with the highest scores and apart from this, users can make their private leaderboards and compete with their friends and family privately as well. How cool!
However, one thing what needs to be addressed is that Facebook will not let users compete with real money through their application and anyone who wants to compete with an amount to gamble, they need to make their transactions personally.
This is a great step by Facebook and while this is relatively new for them, if everything goes well the social giant may even compete with sports entities like Draft Kings and ESPN considering its user base.
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Facebook steps into the world of gaming and launches its Fantasy Games - Digital Information World
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Coronavirus in Illinois: 30,319 New COVID Cases, 178 Deaths, 185K Vaccinations in the Past Week – NBC Chicago
Posted: at 6:10 am
Illinois health officials on Friday reported 30,319 new COVID-19 cases in the past week, along with 178 additional deaths and over 185,000 new vaccine doses administered as the state continues to see a surge fueled by the delta variant.
In all, 1,538,324 cases of coronavirus have been reported in the state since the pandemic began, according to the latest data from the Illinois Department of Public Health. The additional deaths reported this week bring the state to 24,067 confirmed COVID fatalities.
The state has administered 609,585 tests since last Friday, officials said, bringing the total to more than 29.1 million tests conducted during the pandemic.
The states seven-day positivity rate on all tests dropped to 5% from 5.7% last week, which was up from 6.1% the week before, officials said. The rolling average seven-day positivity rate for cases as a percentage of total tests rose to 5.4% from 5.2% the week before, which was down slightly from 5.3% two weeks prior.
Over the past seven days, a total of 185,014doses of the coronavirus vaccine have been administered to Illinois residents - up from around 168,000 the week before and 235,000 two weeks prior. The latest figures brought the states average up to 26,431 daily vaccination doses over the last week, per IDPH data.
More than 14 million vaccine doses have been administered in Illinois since vaccinations began in December. More than 61% of adult residents in the state are fully vaccinated against COVID-19, with more than 78% receiving at least one dose.
As of midnight Thursday, 2,286 patients were hospitalized due to COVID in the state. Of those patients, 551 are in ICU beds, and 302 are on ventilators. All metrics are a reported increase since last Friday.
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The Coronavirus May Never Go Away. But This Perpetual Pandemic Could Still Fizzle Out – WBUR
Posted: at 6:10 am
When the novel coronavirus burst into the world, and 2020 was still young and full of hope, many imagined the pandemic would last for just a few weeks of "lockdown." Later it became: Okay, just one more year of this.
Then the vaccines came out, and even health experts were finally starting to talk about population-levelimmunity, relaxing restrictions and living it up like it was 19. Cases were dropping, at least in the United States, and it looked like the end times might soon be at an end.
For the first time, even as we were loosening restrictions, and the Red Sox came back and etc., cases continued to drop. I was like, This is categorically new epidemiology. This is vaccine, says Dr. Benjamin Linas, an epidemiologist at Boston University. We had that moment of hope that perhaps we could generate complete herd immunity. I had adjusted to the idea of like, This is awesome.
Turns out things are not awesome. With the surge of delta variant infections around the world and the revelation that the strain can cause fully vaccinated people to experience infections and transmit the virus, Linas and other health scientists say its time to recalibrate our expectations once again. The coronavirus might very well be around forever, and Linas says its high time we accept that.
I dont think were ever going to eradicate or even eliminate SARS-CoV-2 [or the novel coronavirus], Linas says.
That leaves public health at a crossroads. If COVID-19 cases cannot be eliminated, and the window for herd immunity has passed, then health officials need new goalposts. Linas says that so far, they haven't been well defined.
"Im not sure that I can do the winter the way I did last winter. I think its actually starting to tear apart the fabric of our society.
If the goal is to stop transmission, then everyone should follow 2020-style COVID restrictions, since delta can spread among vaccinated people as well as unvaccinated people. Linas says thatmay have the benefit of preventing new, even more dangerous variants from arising, but it also comes with costs.
The deprivation of regular social interactions, time with family, travel and other activities has already taken a toll over the last year and then some. Linas says some restrictions like public indoor mask mandates are needed for now, but the idea of carrying them on in private is depressing.
I dont know how you feel, but I dont think I can do it again this year. Im not sure that I can do the winter the way I did last winter, Linas says. I think its actually starting to tear apart the fabric of our society.
There is another option, Linas says. Vaccinated people could stop trying so hard to avoid coronavirus exposure at all costs. Its becoming increasingly clear that even with the delta variant, vaccinated individuals are much less likely to become ill, end up in an intensive care unit or die. According to data from North Carolina public health officials, vaccinated individuals are four times less likely to get COVID-19, and 15 times less likely to die of it.
We might need to distinguish the difference between COVID-19, the disease, and SARS-CoV-2, the virus," he says. "With the vaccine, it might be possible to eliminate COVID-19 disease even if we cant stop all the transmission.
That will take a serious mental adjustment. Linus says accepting more coronavirus risk, even as a fully vaccinated person, still feels like blasphemy. But if the consequences of getting COVID-19 are much less severe for vaccinated people, then it may be time to start getting more comfortable with a little more risk.
This might become easier in a future when the coronavirus is still present, but its largely lost its teeth. At some point, every adult will have either gotten a COVID vaccine or survived the disease so that most future infections result in only mild illness, says Dr. Shira Doron, a hospital epidemiologist at Tufts Medical Center. Then, she thinks, COVID will slowly fade into the background and be one of those viruses that just circulate.
"People will mostly get mild COVID and wont think about it too much.
If you think down the road, and I dont know how long from now this is, every adult [will] have some immunity to COVID," she says. "People will mostly get mild COVID and wont think about it too much.
In rare cases, people will still get severe COVID and end up in the hospital, Doron says, but this was already happening with other viruses such as the common cold.
Here's a possible wrinkle: The pandemic may have changed our attitudes about disease transmission, Doron says. Just because we were fine with the flu, RSV and common colds dancing about each winter, that doesn't mean we should have been.
With the coronavirus in the seasonal mix, Doron says it's possible we're in for a perpetual pandemic, one that resumes each winter even if the virus ceases to be a fatal risk for most people.
Doron says well reach a new stage in the pandemic when case numbers are no longer coupled with rising hospitalizations and deaths. Were definitely not at a point where restrictions can go away just yet, Doron says.
The best way to get there is by vaccinating everyone who currently lacks immunity to the coronavirus. In that way, the short-term goal hasnt changed, says Dr. Sabrina Assoumou, an infectious disease physician at Boston Medical Center.
Remember, we dont vaccinate for the common cold, she says. The goal is to prevent severe disease, hospitalization and death. And right now, were very fortunate that in the U.S. we have vaccines that provide a high level of protection.
Its also possible we might never see a future where COVID-19 fades slowly away. Spikes continue to happen and, Doron adds, delta pulled the rug out from under us. If vaccination doesnt happen quickly enough, its still possible a new variant might emerge that causes more disease.
No one has any idea how to predict what the future looks like in waves of illness, she says. "So we just don't know."
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The Coronavirus May Never Go Away. But This Perpetual Pandemic Could Still Fizzle Out - WBUR
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COVID-19 hospitalizations in Texas level off just below the pandemic’s winter peak – The Texas Tribune
Posted: at 6:10 am
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With at least 13,790 COVID-19 patients, most of them unvaccinated, hospitalized in Texas on Thursday, the state marked a week hovering at just below the record set in January for hospitalizations during the pandemic, according to numbers released by the Texas Department of State Health Services.
The states previous pandemic peak of 14,218 hospitalized COVID-19 patients was reported Jan. 11 during the deadliest wave of infections the state had seen since the virus was first reported in Texas in March 2020.
During the current summer surge, the largest number of COVID-19 patients in Texas hospitals has been 13,932 on Aug. 25. But with just a couple hundred fewer patients statewide than the record and a much more exhausted and depleted workforce than they had over the winter hospitals have been operating at or above capacity for weeks.
The surge has put unprecedented pressure on the states health care system as the delta variant spreads largely uncontrolled at a rate up to eight times faster than previous versions of the virus. Medical professionals say the situation could have been prevented with wider acceptance of the vaccine.
In recent weeks, the state has already seen a record number of hospitals reporting that they had run out of staffed ICU beds available for new patients. Particular pressure is being felt by large metropolitan systems that have put elective surgeries on hold and report having to turn away ambulances due to overflowing emergency and intensive care departments.
Much of the problem, hospital officials say, is a severe shortage of nurses and other staff to take care of patients after large numbers of health workers quit or retired due to COVID-related during the pandemic. Health care workers who remain are expensive and in high demand.
During the winter surge, state health and emergency management leaders sent tens of thousands of relief nurses from across the state and nation to relieve the pressure on overwhelmed hospitals.
After vaccinations were made widely available in the spring and hospitalizations dropped, the state-supported nurse program ended in May. But vaccinations began to slow around that time as well, when just about a quarter of Texans had gotten injections.
That opened the door for the delta variant to spread more quickly starting around June; hospitalizations started surging later that month.
Experts say the best way to flatten the curve is to ramp up social distancing, mask-wearing and hand-washing, proven methods for stopping COVID-19's spread, while the state works to get more of Texas 29 million residents vaccinated.
But Republican Gov. Greg Abbott has stood fast against any state or local mandates that proponents say would push Texas toward more vaccinations and slower community spread.
A strong opponent of lockdowns in the wake of widespread Republican criticism of his pandemic-era rules last summer, Abbott dropped statewide business capacity restrictions and mask mandates in March.
Through a series of executive orders and legislation, Abbott and Texas lawmakers also banned Texas businesses from requiring customers to show proof of vaccination, local governments and school districts from requiring masks and public sector employers from requiring their workers to be vaccinated.
Those bans remain in legal limbo as they move through the courts.
Last week, Abbott issued an executive order saying that his bans would remain in place even after the U.S. Food and Drug Administration gave Pfizer's vaccine full approval for people ages 16 and up on Monday. Abbott's previous orders had applied only to vaccines that had only emergency use authorization.
Meanwhile, most Texas school districts have started classes almost entirely in person, many with mask requirements in place in defiance of Abbotts stance against them, in an effort to stop the quickening spread of the delta variant among Texas children.
Just under 48% of Texans have been fully vaccinated, which experts say protects them from serious illness, hospitalization and death.
Those who arent vaccinated constitute upward of 90% of the hospitalized patients, officials report. Cities, counties, universities and private companies are offering incentives for vaccinations, and the state has reported a small upswing in the number of daily shots being given in recent weeks.
But while that number begins to climb from its low point late July, officials are seeking to solve the hospital staffing problem.
So far, the state has paid to hire more than 8,000 contract health care workers for Texas hospitals that are under the most pressure, many of which have already seen admission rates close to or higher than they were seeing in January when they had more staff to take care of those patients.
The state-funded relief nurses have been arriving at hospitals for the last few weeks. Meanwhile, some counties are considering using or have already agreed to tap federal stimulus money to add more workers to further handle the crush of patients.
More Texas doctors are also turning to monoclonal antibody therapies for COVID-19 patients who qualify, saying that the treatment gives them a better chance of staying out of the hospital and could lower statewide hospitalization rates until more people become vaccinated.
Mandi Cai contributed to this report.
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U.S. Hiring Slows Sharply As Latest Coronavirus Surge Slams The Brakes On The Economy – NPR
Posted: at 6:10 am
A hiring sign gets displayed in a store window in New York City in August. Last month saw a sharp slowdown in hiring from previous months as the pandemic wears on and creates uncertainty. Spencer Platt/Getty Images hide caption
A hiring sign gets displayed in a store window in New York City in August. Last month saw a sharp slowdown in hiring from previous months as the pandemic wears on and creates uncertainty.
Hiring slowed sharply in August as a new surge in coronavirus infections slammed the brakes on the economic recovery.
U.S. employers added just 235,000 jobs last month, a sharp slowdown from the torrid pace of hiring in June and July.
"The labor market recovery has downshifted," said Nela Richardson, chief economist for the payroll processing company ADP. "The U.S. economy is facing increasing headwinds as the pandemic wears on and the delta variant creates uncertainty."
The unemployment rate fell to 5.2% in August from 5.4% in July.
Confirmed coronavirus infections have jumped nearly 20% in the last two weeks, while COVID-19 deaths have nearly doubled during that period. The worsening public health outlook threw a late-summer speed bump in the recovery, making people more cautious about traveling and eating out and reducing the need for workers.
Restaurants and bars cut 42,000 jobs in August after adding 253,000 in July.
Retailers cut 29,000 jobs last month.
Homebase, which makes scheduling software for small businesses, saw a notable decline in hours worked last month especially in the entertainment and hospitality industries.
"We are hearing anecdotally from our customers that absolutely it is a result of COVID," Homebase CEO John Waldmann said. "We are seeing similar trends in the data from what we saw last year and January of this year. It would be hard-pressed to say this is not COVID-related."
The slowdown in the Homebase data was particularly pronounced in the Southeast, where COVID-19 cases are especially high. New England, where case counts are lower, fared somewhat better.
The spike in new cases has also discouraged some people from returning to work. And it threatens to disrupt in-person schooling, which could make it harder for parents to hold down jobs.
"All of us who care about small businesses really wanted to be optimistic that a lot of the things keeping people from work were going to start to heal themselves into the fall," Waldmann said. "Unfortunately, it looks like we're going to be dealing with challenges here for a little bit longer."
The slowdown in hiring comes just as emergency unemployment benefits that Congress authorized earlier in the pandemic are about to expire. In mid-August, more than 12 million people were receiving some form of jobless aid. Most will receive their final payments next week.
Warehouses and delivery services added 53,000 jobs last month as the online retail business continues to expand.
Manufacturing is another bright spot in the economy, with new orders and output both accelerating in August. But factories continue to struggle to find enough parts and workers.
Factories added 37,000 jobs last month, up from 27,000 a month earlier.
"Companies want to hire more people," said Tim Fiore, who oversees a monthly survey of factory managers for the Institute for Supply Management. "There's no doubt that demand is calling for more people, and they can't get them."
Fiore said many factories are facing increased turnover as workers depart for higher wages elsewhere.
Wages have been rising, especially in restaurants and hotels. But prices have been climbing, too, eroding workers' buying power. Private sector wages in August were up 4.3% from a year ago. But they are not keeping pace with inflation, which was 5.4% in July matching the highest rate in nearly 13 years.
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U.S. Hiring Slows Sharply As Latest Coronavirus Surge Slams The Brakes On The Economy - NPR
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Governor Ivey Announces Reallocation of $12.3 Million in CARES Act Funds for COVID-19 Nursing Shortage – Office of the Governor of Alabama – Governor…
Posted: at 6:10 am
MONTGOMERY Governor Kay Ivey on Friday reallocated $12.3 million of the Coronavirus Relief Fund to secure qualified, out-of-state, travel nurses to work in Alabama hospitals in a temporary capacity.
Im pleased to see more folks getting vaccinated, but we are still in the thick of COVID-19 and our hospitals are overwhelmed, Governor Ivey said. In consideration of the current surge of the virus and the strain on our dedicated healthcare professionals, I have directed the $12.3 million of CARES Act funding be reallocated to recruit more trained staff to our nursing corps. Until our vaccination rates rise and our COVID-19 hospitalization rates fall, we will need the extra support these nurses provide.
In consultation with the Alabama Department of Public Health (ADPH), State Health Officer Dr. Scott Harris designated the nursing shortage Alabamas most urgent need. ADPH will work with the Alabama Hospital Association to develop a process to recruit these travel nurses.
ADPH would like to express its gratitude to Governor Ivey and State Finance Director Poole for providing this support to Alabama hospitals, which are seeing unprecedented numbers of patients infected with Covid-19 Dr. Harris said. This funding comes at a crucial time and will make a tremendous difference in increasing the nursing workforce in our state.
The $12.3 million reallocation is from CARES Act funds that were previously obligated but not reimbursed among the various approved expenditures.
The Alabama Legislative Leadership, House Speaker Mac McCutcheon and Senate President Pro Tempore Greg Reed, also support Alabama hospitals thru the reallocation of CARES Act funding.
The on-going coronavirus pandemic has presented struggles for many across the state, but perhaps no group has faced as many challenges or stood taller than the frontline medical workers in hospitals, clinics, and physicians offices across the state, Speaker Mac McCutcheon said. Our nurses are forced to set aside concerns and worries about their own health as they tend to the patients who are fighting a highly-contagious virus that has already taken so many from us.It seems altogether fitting that Alabama is devoting a portion of its CARES Act dollars to a group that has demonstrated it cares the most the nurses who provide aid to the sick and injured in the most remote rural communities and the largest urban centers alike.
The coronavirus pandemic has created an unprecedented need for quality nurses at hospitals across our state. Alabamas nurses, working on the front lines to save lives and care for those struggling with this virus, have been nothing short of heroic throughout this pandemic, Sen. Reed said. I have heard from leaders across our state especially from those in harder hit areas that this is a critical, much-needed resource. I am glad that these relief dollars will go towards alleviating some of the stress put on our hospital system and provide hospitalized Alabamians with the care they need.
Alabama received approximately $1.9 billion of federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act) funding to respond to and mitigate COVID-19. Alabama Act 2020-199 designated:
$300 million to reimburse state agencies for expenses directly related to the coronavirus outbreak;
$250 million to reimburse counties and cities for coronavirus expenses;
$250 million to deliver health care and related services to residents;
$300 to support citizens, businesses, and non-profit and faith-based organizations impacted by the coronavirus pandemic.
$53 million for remote work and public access expenses incurred by state government, including the Legislature.
$300 million for technology and infrastructure expenses related to remote learning;
$200 million for reimbursement of costs to the Department of Corrections incurred because of the outbreak;
$10 million to the reimbursement of costs to ensure access to courts during the pandemic;
$5 million to reimburse the State General Fund for supplemental appropriations to the Alabama Department of Public Health.
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