Monthly Archives: June 2022

Full / Associate / Assistant Professor in Construction Management job with UNIVERSITY OF MACAU | 296822 – Times Higher Education

Posted: June 11, 2022 at 1:33 am

(Ref. No.: FST/CEE/CM/06/2022)

The University of Macau (UM) is an internationalized public comprehensive university in the Macao Special Administrative Region (MSAR) located at the west bank of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The GBA is rapidly developing into one of the leading technology and innovation hubs of the world. UM is placed in 201-250 bracket in the THE World University Rankings and placed No. 322 in the QS World University Rankings in 2022. With a scenic campus of approximately 1 km2 on Hengqin island, UM has achieved significant progress in the past decade as evidenced by its rising international repute, state-of-the-art teaching and research facilities, and the establishment of three State Key Laboratories in microelectronics, Chinese medical sciences, and internet of things for smart city. To support economic diversification of MSAR and deepen collaboration between MSAR and Guangdong Province in Hengqin island, UM will continue to invest in cutting-edge research and develop interdisciplinary programmes in key strategic areas including precision oncology, advanced materials, regional oceanography, artificial intelligence and robotics, data science, cognitive and brain science and economics and finance. Leveraging its 4-in-1 model of education and the largest residential college system in Asia, UM provides all-round undergraduate education, nurturing talent to support social and economic development in MSAR and the GBA as a whole. With unprecedented growth and opportunities for development, UM offers promising career prospects to academics at all levels. It may be noted that English is the working language and the primary medium of instruction at UM.

The Department of Civil and Environmental Engineering (CEE) of the Faculty of Science and Technology invites applications for the position of Full/Associate/Assistant Professor in the discipline of Construction Management.

The Department of Civil and Environmental Engineering offers both undergraduate and postgraduate programmes. The emphasis of our programmes is directed to the areas of Structural Engineering, Geotechnical Engineering, Construction Management, Environmental Engineering and Water Resources. The objective of our undergraduate programme is to educate and train the students to be civil engineers with formation of good scientific knowledge, sound engineering practice and leadership skills; and to prepare them for their advanced education at international standard. Currently, it has 22 full-time academic staff, around 220 undergraduates and 140 graduate students. UM is among the top 1% in ESI (Essential Sciences Indicators) rankings in Engineering. In the THE World University Ranks, the Engineering and Technology programme is ranked among the 101 125th.

Qualifications

Applicants must hold a doctoral degree in Civil Engineering, Construction Engineering and Management or related areas. Preference will be given to candidates with research and teaching experience at the tertiary education level. To accord the future development, candidates with specialization in construction/project management, quantity surveying, information technology in construction, building information modelling, smart and sustainable building management/ construction, environmental impact assessment and strategic management are preferred.

The selected candidate is expected to assume duty in December 2022.

Remuneration

A taxable annual remuneration starting from MOP828,100 (approximately USD102,230) will be commensurate with the successful applicants academic qualification and relevant professional experience. The current local maximum income tax rate is 12% but is effectively around 5% - 7% after various discretionary exemptions. Apart from competitive remuneration, UM offers a wide range of benefits, such as medical insurance, provident fund, on-campus accommodation/housing allowance and other subsidies.

Further details on our package are available at:https://career.admo.um.edu.mo/learn-more/.

Application Procedure

Applicants should visit https://career.admo.um.edu.mo/for more details, and apply ONLINE. Review of applications will commence upon receiving applications and continue until the position is filled. Applicants may consider their applications not successful if they are not invited for an interview within 3 months of application.

Human Resources Section, Office of Administration

University of Macau, Av. da Universidade, Taipa, Macau, China

Website: https://career.admo.um.edu.mo/;Email: vacancy@um.edu.moTel: +853 8822 8574;Fax: +853 8822 2412

The effective position and salary index are subject to the Personnel Statute of the University of Macau in force. The University of Macau reserves the right not to appoint a candidate.

***Personal data provided by applicants will be kept confidential and used for recruitment purpose only***

** Under the equal condition of qualifications and experience, priority will be given to Macao permanent residents**

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Full / Associate / Assistant Professor in Construction Management job with UNIVERSITY OF MACAU | 296822 - Times Higher Education

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Swathes of Shanghai to be returned to lockdown in testing drive – Macau Business

Posted: at 1:33 am

Shanghai will impose fresh lockdowns on residents in several city districts this weekend during a mass testing drive, officials said Friday, as President Xi Jinping called for China to stick unswervingly to its strict zero-Covid strategy.

China is the last major economy still pursuing a policy of stamping out all outbreaks, wielding snap lockdowns, mass testing and mandatory quarantines.

But the strategy has come under heightened scrutiny after the fast-spreading Omicron variant triggered sweeping restrictions in major cities such as Shanghai and Beijing, hammering the worlds second-biggest economy.

In Shanghai, at least 15 of the citys 16 districts totalling more than 23 million people saidthey would conduct PCR tests on residentsin the coming days, while six areas said they would impose lockdowns during the testing drive.

The districts that will impose some lockdowns Minhang, Yangpu, Putuo, Fengxian, Qingpu and Changning are home to more than eight million people.

The mass testing, announced in a series of notices released locally on Thursday and Friday, comes less than two weeks after Shanghai began stumbling out of a gruelling lockdown marked by food shortages and scattered protests.

Despite loosening many restrictions after finally containing Chinas worst outbreak in two years, skittish authorities have continued to impose a shifting mosaic of curbs to guard against a resurgence.

The announcement of mass testing prompted fears of a backslide from weary residents in Shanghai.

I have an ominous feeling, wrote one user on Chinas Weibo social media platform.

Another wrote that fences had started to be put up dividing their residential community into two large areas, adding that they saw panic-buying of rice and oil at the neighbourhood supermarket.

Chinese leaders have attempted to thread the needle between crushing the virus and limiting the damage of lockdowns, with President Xi on Thursday calling for efficiently coordinating Covid-19 prevention and control with economic and social development.

But he said Chinas dynamic zero-Covid approach must be unswervingly upheld, according to state news agency Xinhua.

Experts predict that China will struggle to meet its economic growth target of around 5.5 percent this year as virus lockdowns force business shutdowns and snarl supply chains.

The World Bank has sharply slashed its 2022 growth forecast for China to 4.3 percent, warning this week that Covid disruptions could further slow recovery.

The shockwaves from Chinas zero-Covid policy have hit the global economy as well, especially after the lockdown in Shanghai the countrys biggest city and a major global shipping hub.

Parts of Beijing have also reimposed some restrictions after loosening work-from-home orders and allowing restaurants in the capital to reopen for indoor dining earlier this week.

Two central districts on Thursday ordered the closure of bars, nightclubs and internet cafes, local media reported, after the capital reported a cluster of infections linked to entertainment venues.

Beijing has reported nearly a dozen recent cases connected to nightclubs, after several days of no new cases outside of restricted areas.

Officials put up fresh barriers around several residential compounds in the city overnight, including one near the Beijings embassy district where an AFP reporter saw workers building metal fences and transporting pets out of the compound in crates.

Some companies have also asked employees to prepare to resume working from home, while others were barred from entering their offices after Covid cases or close contacts were found to have visited the buildings.

The latest Beijing outbreak drew anger on Chinese social media, with some blaming club patrons for partying, while others pointed their fingers at the city government and testing agencies.

Clearing Covid seems like a joke Otherwise where did these new cases come from? one Weibo user asked, referring to the citys previous declaration that it had cleared cases outside of quarantined areas.

China reported 73 new local infections on Friday, including eight in Beijing and 11 in Shanghai, according to the National Health Commission.

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US Capitol riot probe puts Trump at heart of ‘attempted coup’ – Macau Business

Posted: at 1:33 am

A congressional panel investigating last years mob assault on the US Capitol laid out its case Thursday that Donald Trump and his claims of a stolen election were at the heart of what amounted to an attempted coup to remain in power.

In a prime-time presentation of its findings from a year-long probe, the special committee sought to persuade a divided country of the existence of a deep-rooted and ongoing plot orchestrated by the former president to overturn the result of the 2020 election won by Joe Biden.

President Trump summoned the mob, assembled the mob and lit the flame of this attack, the Republican vice chairwoman of the panel, Liz Cheney, said in her opening remarks at the first in a series of hotly anticipated summer hearings.

Minutes earlier, Democratic committee chief Bennie Thompson accused Trump of being at the center of this conspiracy.

January 6 was the culmination of an attempted coup a brazen attempt, as one rioter put it shortly after January 6 to overthrow the government. The violence was no accident, he said.

Rioters acted at the encouragement of the president of the United States, to march on Congress and block the formal transfer of power by lawmakers to Biden, he added.

The panels carefully produced presentation made use of testimony given behind closed doors by some of Trumps most senior and trusted advisors, including former attorney general Bill Barr and Trumps son-in-law and senior aide, Jared Kushner.

The panel aims to demonstrate that the violence was part of a broader and ongoing drive by Trump and his inner circle to illegitimately cling to or regain power, tearing up the Constitution and more than two centuries of peaceful transitions from one administration to the next.

Thursdays session and five subsequent hearings over the coming weeks will focus on Trumps role in the multi-pronged effort to return him to the Oval Office by disenfranchising millions of voters.

Trump has defiantly dismissed the probe as a baseless witch hunt but the public hearings were uppermost in his mind Thursday as he fired off a largely false tirade on his social media platform, defending the insurrection as the greatest movement in the history of our Country to Make America Great Again.

Following the hearing, he lashed out again on Truth Social, accusing the committee of bias and doubling down on his election fraud claims.

The Unselect Committee of political HACKS refuses to play any of the many positive witnesses and statements, he wrote.

The case the committee wants to make is that Trump laid the groundwork for the insurrection through months of lies about fraud in an election described by his own administration as the most secure ever.

His White House is accused of involvement in several potentially illegal schemes to aid the effort, including a plot to seize voting machines and another to appoint fake alternative electors from swing states who would ignore the will of their voters and hand victory to Trump.

Thursdays hearing featured live testimony from two people who interacted with members of the neofascist organization the Proud Boys on January 6 and in the days leading to the violence.

Emmy-winning British documentary filmmaker Nick Quested testified about his experience shadowing members of the Proud Boys in the days leading up to January 6 and his interactions with them on the day itself.

Quested recalled being shocked by the anger he saw among the groups members, and described the larger rally crowd as transforming from protesters to rioters to insurrectionists.

I was surprised at the size of the group, the anger and the profanity, he said.

Capitol Police Officer Caroline Edwards, who was present at the breach of the first barricade, described sustaining head injuries in clashes with the Proud Boys, whose leader has been charged with seditious conspiracy, along with four lieutenants.

I can just remember my breath catching in my throat, because what I saw was just a war scene. It was something like Id seen out of the movies, she said.

I couldnt believe my eyes. There were officers on the ground they were bleeding, they were throwing up I saw friends with blood all over their faces. I was slipping in peoples blood.

The series of hearings will differ from Trumps two impeachments in that he will not be represented in the room as he is not on trial except perhaps in the court of public opinion.

Nevertheless, a number of his most loyal counter-punchers are expected to circle the wagons, challenging the investigation at every turn.

It is the most political and least legitimate committee in American history, the leader of the House Republican minority, Kevin McCarthy, told reporters.

In fact, Congress has wide-ranging oversight powers, and a Trump-appointed federal judge last month emphatically rejected Republicans arguments that the committee is illegitimate.

The panel has not confirmed what it plans to do after the initial slate of hearings, but at least one more presentation and a final report are expected in the fall.

by Frankie TAGGART

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Japan’s Nikkei snaps 5-day winning streak on inflation concerns – Macau Business

Posted: at 1:33 am

Japans Nikkei stock index snapped a five-day winning streak Friday following a weak lead from Wall Street overnight and as concerns over central banks aggressive monetary policies to combat inflation dented sentiment.

The 225-issue Nikkei Stock Average dropped 422.24 points, or 1.49 percent, from Thursday to close the day at 27,824.29.

The broader Topix index, meanwhile, lost 25.96 points, or 1.32 percent, to finish at 1,943.09.

Brokers here said that investors were in a risk-off mood from the get-go following Wall Streets plunge overnight.

They said that investors offloaded a broad range of issues following the markets recent run of gains, to secure profits.

The jittery mood was, however, predominantly due to concerns about the economic outlook for the region after the European Central Bank (ECB) announced Thursday it plans to hike its interest rates by 0.25 percentage point, possibly as early as next month and with further hikes possible after that.

Strategists here also pointed out that as the U.S. Federal Reserve and the Bank of England raised their rates, concerns have been rising abut the outlook for the global economy amid rising inflation.

Market participants feared the impact on the global economy as the central banks of both the United States and Europe have entered a phase of aggressive interest rate hikes, Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co., was quoted as saying.

Ahead of the Feds two-day policy setting next week, dealers here also noted that some investors hit the sidelines to await the release of the U.S. consumer price index for May later today.

By the close of play, precision instrument, machinery, and oil and coal product issues comprised those that declined the most, while issues that fell outpaced those that rose on the Prime Market by 1,634 to 176, while 28 ended the day unchanged.

Following the tech-heavy Nasdaqs overnight slide, their Japanese peers lost ground in Tokyo trading, with Tokyo Electron dropping 3.2 percent, while Advantest fell 4.2 percent.

Screen Holdings, meanwhile, ended the day 4.8 percent lower.

Heavily weighted Nikkei issues lost ground, with Uniqlo store operator Fast Retailing slipping 0.9 percent, while tech investor SoftBank Group lost 2 percent.

On the Prime Market on Friday, 1,272.53 million shares changed hands, dropping from Thursdays volume of 1,287.27 million shares.

The turnover on the last trading day of the week came to 3,144.95 billion yen (23.47 U.S. dollars).

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Old tricks, new crises: how US misinformation spreads – Macau Business

Posted: at 1:33 am

With gun control under debate and monkeypox in the headlines, Americans are facing a barrage of new twists on years-old misinformation in their social media feeds.

Accurate news stories about mass shootings have attracted eyeballs but algorithms have also spurred baseless conspiracy theories from trolls who want to push lies to attract traffic. And thousands have unwittingly shared them on Facebook, Twitter and other sites.

The May 24 attack at Robb Elementary School in Uvalde, Texas was a false flag operation aimed at pushing restrictive gun laws, according to Telegram posts from supporters of QAnon.

Carl Paladino, a New York congressional candidate, was among those who shared a similar theory on Facebook, later deleting it.

Others misidentified a shooting victim as Bernie Gores a made-up name paired with an image of a YouTuber who has been wrongly linked to other major news events, including the Russian invasion of Ukraine.

Experts say such misinformation is part of a pattern in which unscrupulous operators intentionally repurpose old narratives.

A lot of this stuff is put together almost in this factory production style, said Mike Caulfield, a misinformation researcher at the University of Washingtons Center for an Informed Public.

You have a shooting event, you have these various tropes you can apply.

Groundless claims of a false flag operation, which refers to political or military action that is carried out with the intention of blaming an opponent, can be traced back to the 2012 mass shooting at Sandy Hook Elementary School in Newtown, Connecticut.

After 20 children and six staff members were killed, InfoWars founder Alex Jones falsely claimed the Newtown casualties were crisis actors people who are paid or volunteer to play disaster victims.

In November 2021, a Connecticut judge found Jones liable for damages in a defamation suit brought by parents of the victims.

But regardless, allegations of staged mass shootings have routinely spread from fringe online networks such as 4chan to mainstream platforms including the social media feeds of politicians such as Republican congresswoman Marjorie Taylor Greene and, more recently, Arizona state senator Wendy Rogers.

Hoax posts misidentifying gunmen or victims as internet personalities have also become common.

In the race to capture online attention following breaking news, recycled narratives can be produced quickly and are easier for audiences to digest, Caulfield said. Content producers make guesses about what may go viral based on past popular tropes, which can help monetize that attention.

When you spread this stuff, you want to be seen as in the know, he said, even though the information is demonstrably false or misleading.

Similarly, false claims about the recent spread of monkeypox a rare disease related to smallpox borrow from Covid-19 misinformation.

Since the outbreak, social media posts have claimed without evidence that the virus is a bioweapon, that the outbreak was planned, and that Microsoft co-founder Bill Gates is behind it. Others have falsely equated monkeypox to other viruses, including shingles.

Those claims resemble debunked conspiracy theories from the early days of the Covid-19 pandemic.

Memetica, a firm that conducts digital investigations, has researched some of the top Covid-19 misinformation recycled for monkeypox. One widespread theory points to a 2021 threat preparation exercise conducted by the Nuclear Threat Initiative (NTI) as purported evidence that the outbreak was planned.

That conspiracy theory is nearly identical to claims about Event 201, a pandemic simulation held in October 2019, that circulated online in early 2020.

What was surprising to me was how similar (Covid-19 misinformation) is now to monkeypox, Adi Cohen, chief operating officer at Memetica, told AFP.

Its the same exact story oh, this is all planned, its a plandemic, heres the proof.

Some monkeypox theories have been shared by conservative figures including Glenn Beck and anti-vaccine advocate Robert F. Kennedy Jr, according to Memeticas research. Both have previously promoted misinformation about Covid-19.

Cohen said such tactics may be an effective way to get engagement on social media, regardless of the falsity of the information being shared.

Its the replication of what seems to work in the past, he said. Why work hard when you dont have to?

by Daniel FUNKE

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Japan elected to UN Security council for two years – Macau Business

Posted: at 1:33 am

Japan was among five countries elected Thursday to hold a non-permanent seat on the United Nations Security Council for 2023 and 2024.

Switzerland, Mozambique, Malta and Ecuador will also take up two-year positions from January 1 next year.

The five will succeed India, Norway, Kenya, Mexico and Ireland.

The Council is made up of 15 members, five of whom are permanent: the United States, Russia, China, France and Britain.

The other ten positions are filled by other countries for two-year stints, five of which are announced each year.

Japan, Switzerland, Mozambique, Malta and Ecuador were voted in by the UN General Assembly in a secret ballot.

Out of the assemblys 193 members, Japan obtained 184 votes.

Deputy foreign minister Odawara Kiyoshi said Tokyos priorities would be security, including energy and food.

Mozambique was elected to the Council for the first time in its history with 192 votes.

Switzerland won 187, Malta 185 and Ecuador 190.

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Le Mans: keeping the tradition, rejuvenating it daily – Macau Daily Times

Posted: at 1:33 am

There are cities in which it is possible to run car races on streets and roads, whether nearby or distant from the city center: from Daytona Beach to Marrakech, from Pau to Bucharest, from recent Baku to Vila Real or Hong Kong.

There are few that manage, considering their size, to balance a relevant historical past with hospitable offerings, delivering at the same time cultural events of excellence, from gastronomy to tourism, from music to scenic arts and movies, keeping a built-in tradition in motor sports, bringing together the world elite, from teams to pilots, from builders to engineers not forgetting royalty, jet-set figures and movie stars.

In this last group we could perhaps choose just three places: La Sarthe (internationally known by the name of the town of Le Mans), Monaco and Macau.

Monaco is an all-city track just over 3 km long in a tiny town (2.02 km2). La Sarthe is the largest circuit of all, and although it has varied over the years, due to the changes that have been introduced, it is approximately 13.626 km long, just over twice the length of Macau (6.276 km).

If, due to the growth of the city, Macau is currently a totally urban circuit, La Sarthe cannot truly be considered as such, since the circuit is semi-permanent, not passing through central areas of the town. Evidence for this lies in the fact that to reach the circuit, one rides to the stations at end of only two lines, blue and red, of the Tramway (the most modern public transport) to Guetteloupe-Ple Sain Sud and Antares-MMArena. Known internationally as La Sarthe, the track uses private and public roads, part of the Bugatti Circuit and national roads.

The nature of the events held at each of these tracks is different, corresponding to different categories of motorsport (Monaco with F1, F2, F3 and promotion single-seaters and some GT cars, Touring and Classics races; Macau with F3, the GTs and the Touring cars, and the French track with the cream of World Endurance and GTs from all over the world.

Despite all these differences, there are certain similarities and dissimilarities between La Sarthe and Macau to underline; some elements that have cut through the doldrums of the last decade, helping project toward the future.

In both cities, we find an important religious heritage, each with its own scale and in its own place Cathedral of Saint Julien/Ruins of Saint Paul, Notre-Dame de La Couture, Lglise Sainte -Jeanne-dArc, Notre Dame du Pr, Saint-Bnoit, La Visitation or the Chapelle de LOratoire, on the one hand, and on the other multiple Catholic and Chinese temples (S, So Domingos, Santo Antnio, Santo Agostinho, So Loureno, So Lzaro, Madre de Deus or the Ermida da Guia next to the Temple of A-M, Kun Iam Tong, Pao Kong, and I Leng). It is possible to find evidence of a secular coexistence between different peoples over centuries as these were lands of passage and settlement of people from the most diverse areas, which continued for one reason or another throughout the 20th century. They were places of encounter in realms from literature to poetry, from cinema to painting, music and theater.

The city of Le Mans celebrates its 90th-race edition this weekend. Over the years Le Mans has become no longer just the 24-hour race, now including other events. A small permanent circuit has been established where it is possible to see the Motorcycling World Championship, truck races or to take car racing driving courses. While for many years Macau welcomed track marshals from Portugal and Hong Kong, even recently at Le Mans there have been volunteers from the Estoril Motor Sports Commissioners Club, and from other parts of the world, working together towards a car race that has gained worldwide recognition and branched out far beyond the racing weekend.

Le Mans became a two-week extended festival that brings cars and drivers into the city and its historic center, in the biggest car show of all.

Residents and thousands of visitors who flock here annually engage with the fabulous machines. The women and men who fly through the Haunaudires at more than 300km/hour, bend to the limit in places as mythical as Mulsanne, Indianapolis or Arnage, dive in Dunlop towards La Chapelle, and pit all their driving skills passing the Ford chicanes or Tertre Rouge.

Unlike Macau, where there is also a museum, in Le Mans it is possible to visit the circuit at night, during the 24-hour race: the city center is full of visitors, persons nourished by world and culture, members of the numerous clubs venerating motorsport coming from all over, who are in the city to remember past races, see old and new friends, revisit memories of other times when many of them were participants. They taste the best delicacies and wines of the Loire Valley, drive their showy cars, offering them for the drivers parade, while sculptured women meander all their prestige and charm. The summer aromas of their tanned skins brought on by the hours spent on the track or walking around the historic center. Multiple musical performances, both publicly organized and spontaneous, take to stages.

Le Mans also has at its service a choir of ambassadors coming from the most diverse areas. These are the people who help build and design the city, its diversity, its industry, its arts, its hospitality. Best proof that the city does not rely only on motor racing events, lies in managing to have people such as Chinese Qi Jianhong (CEO of Spark Roll Group) and Jackie Chan, footballer Didier Drogba, photographer Yann Arthus-Bertrand, conductor Claire Gibault, pilots Derek Bell, Jacky Ickx and Sbastien Bourdais, singer-songwriter Emmanuel Moire, trumpeter Lucienne Renaudin-Vary, Diana Higbee or world-renowned physician and researcher Bndicte Haettich.

Forever immortalized on the screen by names like Steve McQueen, Paul Newman, Patrick Dempsey or Michael Fassbender, the city of Le Mans and Macau share much more than the pages of Jean Gratons books.

But here, where the city without casinos is used for the world famous drivers parade, and city center serves to welcome all those who arrive, weighing and technical checks of the vehicles in the days before the big event are done in the city center, among thousands of fans. Here, we find a sporting and historical heritage that is permanently renewed and cared for, and where private accommodation for foreigners is freely available and encouraged for those for whom there would never be enough hotels. Camping around the circuit is another solution.

Le Mans is an organized, clean and welcoming city in the smallest details, offering friendliness, gardens and green spaces to serve the wellbeing of residents and visitors; where the air is pure and calm and squirrels and different birds walk happily among the visitors. At the same time you can taste a Gamay Saint-Romain without fearing the visit of rodents, cockroaches or mosquitoes. Here, there is no onslaught of any nauseating smell of garbage containers or highly polluted river water, nor are the mermaids at risk of splattering their luminous dresses on the citys filthy and greasy sidewalks.

Here is proof, after all, that to build and maintain a friendly and glamorous city, you dont need casinos and astronomical funds disbursing commissions to third parties. Nor is there a requirement to guarantee safety on the streets by inundating them with video cameras and multiple regulations, prohibitions, and blue lines.

To have a healthy and organized city, just some enlightened and well prepared people are needed, from anywhere in the world and speaking as many languages as possible, along with some common sense, intelligence and organizational skills. These are the talented individuals who know how to receive visitors without absurdities, and who are able to offer a lot of freedom of access, privacy, peace, quiet and, above all, well-being to their residents.

Srgio de Almeida Correia MDT, Le Mans

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Income-Support Programs Could Save Thousands of Lives a Year: Study – The Fiscal Times

Posted: at 1:32 am

A variety of potential income-support policies could save thousands of American lives each, according to a new study published in the journal JAMA Health Forum.

Researchers at the University of Michigan School of Public Health and the University of California system modeled out the potential effects of four different income-support policies: a universal basic income of $12,000 a year; a negative income tax that guarantees an income of 133% of the federal poverty level; a modified version of the LIFT Act, proposed by Vice President Kamala Harris while she was in the Senate, that would provide $6,000 to individuals with annual household income below $100,000; and a more targeted income guarantee of at least 100% of the federal poverty level for one person.

They found that each of the four hypothetical policies could avert thousands of deaths, with universal basic income saving between 42,000 and 104,000 lives of working-age adults a year, followed by the negative income tax (19,000 to -67,000 lives). The modified LIFT Act would avert 17,000 to 52,000 deaths, they estimate, while the most targeted poverty-fighting approach would prevent 12,000 to 32,000 deaths among the lowest-income, working-age adults.

Despite decades of research that has demonstrated that income is an important determinant of health, discourse around income support policies has disproportionately emphasized their economic benefits and costs, with little to no focus on the health benefits that these interventions might provide, the researchers conclude.

Read more about the study at The Hill.

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Biden Slammed With Another Awful Inflation Report | The Fiscal Times – The Fiscal Times

Posted: at 1:32 am

Welcome to the weekend! Here's what's happening.

Consumer prices rose at an annual rate of 8.6% in May, the Bureau of Labor Statistics announced Friday, as inflation hit the fastest pace in 40 years. On a monthly basis, prices rose by 1%, more than triple the 0.3% month-over-month rate recorded in April.

Price increases were broad-based, with energy, food and housing leading the way. Energy costs rose 3.9% in May and 34.6% over the last 12 months as gasoline hit record prices in the U.S. The cost of groceries jumped 11.9% on an annual basis, the biggest increase since 1979. And the cost of shelter picked up speed in May as well, rising at an annual rate of 5.5%, the biggest jump in over 30 years.

Core inflation a measure that leaves out volatile food and fuel prices and is closely watched by the Federal Reserve increased at a 6.0% annual rate, higher than in April and slightly above expectations.

No silver lining: The May inflation report dashes hopes that inflation has peaked, and increases the odds that the Fed will have to move even more aggressively to get inflation under control, perhaps for months to come and at the risk of causing a recession.

I keep looking at the line item breakdown of the CPI report searching for silver linings and I just don't see any, said Neil Irwin of The New York Times. This report is a disaster if you're a Fed or Biden administration official hoping this inflation will go away without a serious downturn.

The breadth of the price hikes is particularly concerning. Inflation is hitting not only the volatile food and energy categories, which themselves look to persist at high levels, especially food, but has moved deeply into services and shelter costs, while remaining high in goods categories we thought were cooling off, Robert Frick of Navy Federal Credit Union said in a note.

Ian Shepherdson, chief economist at Pantheon Macroeconomics, tried to find some ray of hope. Airline fares will stop rising [very] soon, given 45% drop in jet fuel prices from peak, and US vehicle output back to pre-Covid levels will ease pressure on vehicle prices. And economist David Rosenberg argued that the inflation numbers look much better if you strip out of the CPI all the items that are linked to energy (air fares, moving/freight, rental cars, delivery services, new and used vehicles), which produces an adjusted inflation rate closer to 4%. But as others noted, the economy people actually live in is heavily dependent on oil, the cost of which shows no signs of easing as the war in Ukraine rages, China reopens its economy and the demand for travel in the U.S. soars.

Consumers sinking low: A closely watched gauge of consumer sentiment from the University of Michigan has now fallen to a record low, sinking to 50.2 in June, down from 58.4 in May. Its the lowest reading going back to 1952, and worse than the lows seen during the 2008 financial crisis.

"Consumer sentiment declined by 14% from May, continuing a downward trend over the last year and reaching its lowest recorded value, comparable to the trough reached in the middle of the 1980 recession," Joanne Hsu of the University of Michigan's Surveys of Consumers said in a statement.

The price of gasoline always a sensitive issue in a country built on highways and suburban sprawl seems to be playing an important role in the souring mood. Overall, gas prices weighed heavily on consumers, which was no surprise given the 65 cent increase in national gas prices from last month, Hsu said. Half of all consumers spontaneously mentioned gas during their interviews, compared with 30% in May and only 13% a year ago. Consumers expect gas prices to continue to rise a median of 25 cents over the next year, more than double the May reading and the second highest since 2015.

White House responds: Clearly threatened politically by the depth and persistence of the inflationary surge, President Joe Biden sought to reassure Americans Friday that the White House is focused on the issue, while also making it clear that he thinks others are to largely blame for the problem.

Todays report underscores why I have made fighting inflation my top economic priority, Biden said in a statement. While it is good to see critical core inflation moderating, it is not coming down as sharply and as quickly as we must see. Putins Price Hike hit hard in May here and around the world.

During a visit to Los Angeles, Biden slammed oil companies for earning record profits as fuel prices soar. One thing I want to say about the oil companies: They have 9,000 permits to drill. Theyre not drilling, he said. Why arent they drilling? Cause they make more money not producing more oil the price goes up.

Asked if he planned to target oil company profits, Biden singled out one company in particular for criticism: Exxon made more money than God this year, he said. Exxon, start investing. Start paying your taxes.

Summers warns: With the Fed facing the difficult task of cooling the economy without causing a recession, former Treasury Secretary Lawrence Summers chided the central bank for getting it wrong on inflation.

Its pretty clear that peak-inflation theory, like transitory theory is kind of wrong, Summers told Bloomberg Television. The Feds forecasts from March, saying that inflation would be coming down to the 2s by the end of the year was, frankly, delusional when issued, and looks even more ridiculous today.

Summers said the latest inflation numbers point to bigger interest rate hikes, lasting for a longer time an increasingly popular view that helped send stocks sharply lower Friday as traders adjusted their expectations. The debate has been between 25 and 50 basis point moves a couple months from now, he said. I think a more fruitful deliberation would be between 50 and 75 basis points.

Separately, analysts at Barclays upped their forecast for the Feds rate hike in June: We are changing our forecast to call for a 75bp hike on June 15.

The Biden administration has reportedly decided to scrap former President Donald Trumps plan to use a red, white and blue paint scheme for two new Air Force One jets after an analysis found that the design would raise the cost and delay delivery of the planes.

The Trump paint scheme is not being considered because it could drive additional engineering, time and cost, an unnamed administration official told Politico.

Politicos Lara Seligman and Lee Hudson reported earlier this week that Trumps proposed makeover, which would have painted the planes underbelly and engines in dark blue, could contribute to excessive temperatures on the plane, a problem that Boeing would likely have to pay out-of-pocket to fix.

The White House reportedly is likely to keep the planes Kennedy-era light blue and white design. The new planes arent expected to be ready until 2026, Politico says. The program has been delayed by supply chain issues, Boeings trouble finding workers with appropriate security clearances and a dispute between the airplane maker and a subcontractor.

Boeing was awarded a $3.9 billion contract in 2018 to deliver two new presidential 747 jets to replace the existing planes. Boeing CEO David Calhoun told Wall Street analysts earlier this year that the deal struck by his predecessor was a mistake. "Air Force One, I'm just going to call a very unique moment, a very unique negotiation. A very unique set of risks that Boeing probably shouldn't have taken," he said. "But we are where we are."

A variety of potential income-support policies could save thousands of American lives each, according to a new study published in the journal JAMA Health Forum.

Researchers at the University of Michigan School of Public Health and the University of California system modeled out the potential effects of four different income-support policies: a universal basic income of $12,000 a year; a negative income tax that guarantees an income of 133% of the federal poverty level; a modified version of the LIFT Act, proposed by Vice President Kamala Harris while she was in the Senate, that would provide $6,000 to individuals with annual household income below $100,000; and a more targeted income guarantee of at least 100% of the federal poverty level for one person.

They found that each of the four hypothetical policies could avert thousands of deaths, with universal basic income saving between 42,000 and 104,000 lives of working-age adults a year, followed by the negative income tax (19,000 to 67,000 lives). The modified LIFT Act would avert 17,000 to 52,000 deaths, they estimate, while the most targeted poverty-fighting approach would prevent 12,000 to 32,000 deaths among the lowest-income, working-age adults.

Despite decades of research that has demonstrated that income is an important determinant of health, discourse around income support policies has disproportionately emphasized their economic benefits and costs, with little to no focus on the health benefits that these interventions might provide, the researchers conclude.

Read more about the study at The Hill.

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Analysis: Ending child hunger and food insecurity needs to be a top priority in Canada as well as globally – Brighter World

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In the last three decades, the world has made considerable progress in reducing child malnutrition, but there is still work to do. (Shutterstock)

Achieving food security, improving nutrition and promoting sustainable agriculture are key to reaching one of the United Nations most critical Sustainable Development Goals: Zero Hunger.

The goal is important for all people, but is crucial for children. There is work to do to meet this goal not just in low- and middle-income countries, but also in high-income countries. In Canada and the United States, food insecurity affects one in six children.

Children rely on adults to nourish their growth and prepare them to become successful adults in an increasingly precarious world of pandemics, war and climate change all of which threaten the global food supply, food affordability and the equitable distribution of food.

In my book Small Bites: Biocultural Dimensions of Childrens Food and Nutrition, I examine the challenges of feeding and nourishing children.

As a species, humans are co-operative breeders. For much of our evolutionary history, nurturing children has fallen on parents, grandparents, older siblings and extended relations.

Today that responsibility also extends to institutions such as daycares, schools and governments. Its a responsibility that regrettably we have not adopted as our highest collective priority.

Today, the collective responsibility for child nutrition includes institutions such as daycares, schools and ultimately governments. (Shutterstock)

In the past three decades, the world has made considerable progress in reducing child malnutrition.

In Nepal, where I conducted childrens nutrition research in the 1990s, an alarming 60 per cent of children under five were stunted, a term used to describe kids who are short for their age due to chronic malnutrition.

From 2001 to 2011 the prevalence of stunting in Nepal declined to 41 per cent from 57 per cent the most rapid improvement ever documented.

A study of this reduction in Nepal isolated five factors:

These improvements were brought about by broad social, economic and policy changes at both community and national levels, featuring the combined efforts of many partners.

Still, the world has a long way to go to achieve zero hunger by 2030, in keeping with the Sustainable Development Goals.

In 2020, 22 per cent of all children in the world under the age of five were stunted, 6.7 per cent suffered from wasting (being too thin for their height due to acute malnutrition) and 5.7 per cent were overweight.

Stunting and wasting are mostly low-income country phenomena, but even children being overweight often assumed to occur only in high-income countries is now common in middle- and low-income populations. The so-called double burden of malnutrition being both undernourished and overweight occurs in tandem with stunting and wasting within an individual, household or population.

For example, an individual with obesity may also have nutritional deficiencies due to a poor diet. At the household level, one member may be living with obesity while another has a nutrient deficiency such as anemia. On a larger scale, this double burden can affect neighbourboods, cities and regions.

Bagged lunches await stapling before being distributed to students at a U.S. elementary school. (AP Photo/Rogelio V. Solis)

Child malnutrition is no stranger to high-income countries. In Canada and the United States, food insecurity is more prevalent in households with children under 18, affecting about 17 per cent in this age group.

In Canada, food-insecure households with children are more likely to be headed by lone parents and more likely to identify as Black or Indigenous.

While the U.S. has a range of federally funded programs to address child hunger, such as the Special Supplemental Nutrition Program for Women, Infants, and Children and the National School Lunch Program, Canada has no government-funded programs dedicated to supporting childrens nutrition. It is the only nation in the G7 without a national school meal program.

Instead, Canada has a range of charitable efforts such as school breakfast programs and food banks staffed by volunteers.

Whats especially concerning in Canada is the lack of action at all levels of government to address the problem of food insecurity for children that is prevalent and growing. In a UNICEF report on youth well-being in 41 high-income nations, Canada was ranked 37 in working toward the Zero Hunger goal for children. Canada ranked ahead of only Malta, Turkey, Mexico and Bulgaria, with the U.S. ranked just above Canada at 36.

Reducing child poverty is critical.

Unfortunately, U.S. President Joe Bidens expansion of the existing federal child tax credit in 2021 during the coronavirus pandemic expired after Congress failed to extend it in 2022.

Rising inflation has increased food costs, which has only heightened the crisis in childrens food security and malnutrition. (Shutterstock)

In Canada, cash transfers to families such as the Canada Child Benefit have helped to reduce poverty, but are not enough. Basic income guarantee programs would go far toward reducing the most severe food insecurity among those at the lowest income levels.

In 2019, Prime Minister Justin Trudeaus federal Liberal government announced its long-awaited National Food Policy that included, among other promises, a federal commitment to work with the provinces and territories to develop a national school food program to deliver healthy food to children before and during school.

Sadly, COVID-19 has stalled the implementation of that policy, while rising inflation has increased food costs, which only heightened the crisis in childrens food security and malnutrition.

A recent infant formula shortage in the United States that also affected Canada is emblematic of the necessity for government intervention to ensure that goods vital to childrens survival are not under the complete control of the food industry.

Now more than ever, food policies targeting children are needed from all branches of government.

Tina Moffat, Associate Professor, Department of Anthropology, McMaster University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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