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  • Originally posted by Ergenburgensmurgen View Post

    ^His base: https://www.brookings.edu/blog/fixgo...ps-reelection/

    • Thailand - May factory output down 23%

    The manufacturing production index (MPI) for May dropped 23.19% from a year earlier, led by lower production of cars, petroleum and air conditioners due to the impact of the coronavirus outbreak, the industry ministry reported on Monday.

    That compared with a forecast for a drop of 21.0% in a Reuters poll, and against April's revised MPI decline of 18.22%.

    Capacity utilisation in May was 52.84%, compared with April's revised 51.27%.: https://www.bangkokpost.com/business...utput-down-23-

    Originally posted by Somchai Boonporn View Post
    Perhaps a blessing in disguise for the Golden Land.
    • Underreported US death count





    Originally posted by Boon Mee View Post
    it's been blown way out of proportion.
    • Debt
    Last edited by S Landreth; 06-29-2020, 04:38 PM.
    Keep your friends close and your enemies closer

    Comment



    • Originally posted by Boon Mee View Post
      it's been blown way out of proportion.
      Keep your friends close and your enemies closer

      Comment


        • Gilead’s coronavirus treatment remdesivir to cost $3,120 per U.S. patient with private insurance

        Gilead Sciences announced Monday the much-anticipated pricing for its coronavirus treatment remdesivir, saying it will cost hospitals $3,120 for a typical U.S. patient with commercial insurance.

        The company announced its pricing plans in preparation for it to begin charging for the antiviral drug in July. The company has been donating doses to the U.S. government for distribution since it received emergency use authorization in May.

        The drugmaker said it will sell remdesivir for $390 per vial to governments “of developed countries” around the world, and the price for U.S. private insurance companies will stand at $520 per vial. In the U.S., that means Gilead will charge a lower price for government programs like Medicare and a higher price for private insurers.

        “Whether you’re covered by a private insurer, whether you’re covered by a government insurer, whether you’re uninsured with Covid-19, there will not be an issue for access with remdesivir,” Gilead CEO Daniel O’Day said in an interview with CNBC’s Meg Tirrell on “Squawk Box.”

        Uninsured individuals will be covered under provisions of the CARES Act, a senior official in the Department of Health and Human Services said on a conference call with reporters Monday. For privately insured people, out-of-pocket costs will be determined by individual insurance plans, the official added.

        Every drug in the U.S. has two list prices due to the country’s health care system, O’Day told CNBC, adding that he stands by the pricing structure and that it will ensure access for those who need it. Its government price of $390 per vial was determined based on developed countries with the lowest purchasing power, O’Day said, in order to avoid negotiations with each country that could slow down access to the drug.

        The company said it has entered into agreements with generic manufacturers to provide the drug at a “substantially lower cost” in developing countries.

        Shares of Gilead rose more than 2% in early trading Monday.: https://www.cnbc.com/2020/06/29/gile...-patients.html


        Originally posted by Boon Mee View Post
        it's been blown way out of proportion.
        Keep your friends close and your enemies closer

        Comment


        • Thailand - Airport usage less than half

          Fewer than 5 million passengers have passed through the country's 28 airports since the beginning of the year.

          This represents a significant contraction compared to the same period last year, when 9.3 million passengers used the same airports.

          Releasing the numbers for Jan 1-June 20, Department of Airports director-general Kawee Kasisam-ang attributed the substantial drop mainly to the Covid-19 pandemic, which prompted border closures and the suspension of scheduled domestic and international flights in early April.

          The airports and airline industry bore the heaviest brunt from the ban in April before the Civil Aviation Authority of Thailand (CAAT) allowed some flights to resume in May. The ban on inbound commercial flights has not been lifted.

          Mr Kawee said the 28 airports handled 4.2 million passengers from Jan 1-June 20, of whom 54 percent were on domestic flights.

          A total of 18,700 flights operated into and out of the airports, a drop of 48 percent from the 35,800 flights in 2019, and almost all — 17,600 — operated on domestic routes.

          With the lockdown being progressively eased in recent weeks, a limited number of domestic flights have have started slowly pushing up airport usage. A daily average of about 14,000 passengers have used the 28 airports since the latest, phase 4 easing of the Covid-19 restrictions was implemented on June 15.

          The improved number, however, is a far cry from the daily average of 47,000 passengers who used the 28 airports in the same period last year.

          The airports are currently managing a movement of between 70-80 scheduled flights a day, down from the daily average of between 160-170 flights in previous years.

          The CAAT, meanwhile, said on Monday that the number of domestic passengers handled by airports nationwide, including the busiest two, Suvarnabhumi and Don Mueang, totalled 279,763 in the third week of last month, surging 23.9 percent from the previous week.

          The number of flights, which also increased to 3,122 in the third week, up 18 percent from the week before, the recovery following the resumption of air routes and the reopening of Phuket airport, according to the CAAT.: https://www.bangkokpost.com/thailand...erbox#cxrecs_s

          Originally posted by Somchai Boonporn View Post
          Perhaps a blessing in disguise for the Golden Land.

          Keep your friends close and your enemies closer

          Comment


            • 'I Will Kill You': Health Care Workers Face Rising Attacks Amid COVID-19 Outbreak

            "I will kill you."

            That's what a family member of a COVID-19 patient told a general practitioner at a private hospital in Aden, Yemen, amid the country's coronavirus outbreak in April.

            Pointing a gun at the doctor, the family member pushed him to put the patient on oxygen and mechanical ventilation, two types of treatments for severe cases of COVID-19.

            The doctor explained that he wouldn't be able to provide those options for the patient.

            "We have a shortage of medical equipment," the doctor said, recalling the threat. "We even have to buy our own personal protective equipment."

            But the family member didn't understand and kept pushing, the doctor said. "He said, 'Why? You want to kill my patient?' "

            The doctor tried to calm the family member down and promised to do everything he could to help the patient. (He asked that his name be withheld to protect his identity. Health workers continue to receive threats in Yemen.)

            Death threats, intimidation and violence are a part of the Yemeni doctor's daily reality as a health worker on the front lines of COVID-19 in Yemen, where there have been at least 992 confirmed coronavirus cases as of June 22. The danger he faces is part of a larger trend of attacks on health workers worldwide.

            According to Insecurity Insight, a research group that documents violence against aid workers, there have been more than 400 reported global incidents of COVID-19-related violence affecting health care workers and facilities since January.

            Insecurity Insight tracks attacks on health workers, including threats, assault, arrests and detention, kidnappings and conflict-related violence, along with a number of other types of attacks. Its researchers comb through incident reports from the World Health Organization and groups such as the Aid Worker Security Database and Physicians for Human Rights, along with media reports.

            However, their data are "considerably understated," said Leonard Rubenstein, chair of the Safeguarding Health in Conflict Coalition and director of Johns Hopkins University's health, conflict and human rights program. While Insecurity Insight is a member of the coalition, Rubenstein did not work on the report.

            "In almost all circumstances, the reliance on reporting by health facility operators tends to result in severe underreporting as they are too busy to report or see no advantage in taking the time to do so," he added.

            Still, Rubenstein said he is "confident" in the report's data — and that the information gives a good idea of what is happening at the moment.

            "In the early weeks of the pandemic, a lot of the events were triggered by a fear of infection actually spreading," said Christina Wille, a founding member of Insecurity Insight.

            On April 23 in Mexico, for example, two women were arrested in the beating of a health worker at a bus stop, accusing her of being infected with COVID-19 and putting others at risk. It's part of an uptick in attacks on doctors, nurses, ambulance drivers, Red Cross staff and other health workers in Mexico; people see them as "potential sources of infection," said Jordi Raich, head of the International Committee of the Red Cross regional delegation for Mexico and Central America in a statement.

            The measures to control the pandemic have created new reasons for people to attack health workers, Wille said. Some people, terrified by being quarantined in an official facility, have used force to get themselves out. In Herat, Afghanistan, on March 16, for example, 38 patients at a health facility for two weeks fled early by breaking windows and attacking hospital staff.

            "In the context of COVID-19, we are seeing more attacks by community members who do not normally figure among the perpetrators in our normal monitoring," she said.

            Patients and their family members are not the only perpetrators. A police officer reportedly attacked an ambulance driver on March 26 in Burkina Faso over not complying with an imposed COVID-19 curfew.

            Insecurity Insight also said that violence from existing conflicts has taken a toll on efforts by health care groups to control COVID-19. On April 6, for example, armed groups heavily shelled Al-Khadra Hospital in Tripoli, Libya. With 400 hospital beds, it was one of the only health facilities in the country to treat COVID-19 patients.

            The type of threat that the Yemeni doctor experienced at his hospital is unfortunately "quite typical" around the world, Wille said.

            The doctor estimates that at his Aden hospital a family member of a patient threatens a health worker with a gun or some kind of violence about three times a week.

            Rayan Koteiche, a researcher with the group Physicians for Human Rights, which focuses on the Middle East and North Africa region, could not verify the doctor's account but said his group has corroborated the widespread use of guns to threaten health workers in Yemen.

            "We've documented such incidents where family members, acquaintances, friends or colleagues of patients take it upon themselves to pressure, intimidate, threaten health workers to do more," Koteiche said.

            Flashing a gun is not uncommon, he said: The proliferation of small arms in Yemen has been an issue for years, and it's not uncommon for civilians to carry "handguns, machine guns, automatic weapons — they are very widespread."

            Even before the pandemic, Yemen was a particularly dangerous place for health workers. Between March 2014 and December 2018, warring parties in the ongoing civil war carried out at least 120 attacks on medical facilities and health workers, according to a report co-authored by Koteiche titled " 'I Ripped the IV Out of My Arm and Started Running': Attacks on Health Care in Yemen."

            The Yemeni doctor said some of his colleagues at the hospital have stopped working because they fear for their lives. He said he fears for his life, too.

            When he was threatened in April, the first thing he thought about was his two children and wife: "I felt sad. What will they do if I get killed?"

            Still, he continues his work. "We have to help people. We have to save lives," he said.

            When asked if he had any special techniques or magical phrases to say to people who intimidate or threaten him on the job, the doctor said he just tries his best to de-escalate the situation. He tells them: "Pointing a gun won't help. It frightens the staff; it confuses them."

            Health workers around the world are calling for more security measures to protect them while working.

            Dr. Amara Khalid is a medical officer at the COVID-19 ward at Mayo Hospital in Lahore, Pakistan. On May 21, she wrote in a Facebook post that she and her husband were mobbed by about 25 people while working on the overnight shift at the hospital. They were "shouting that their patient was sick and doctors should check her ASAP," she wrote. With no security at the hospital, she and five workers were left to fend for themselves, trying to prevent the mob from entering the COVID-19 ward, then barricading themselves to call for help.

            Khalid is working with a lawyer and petitioning the Lahore High Court to provide security provisions for health workers. "It's high time to do this, and it'll only be possible if we all unite for this cause," she wrote in an Instagram post aimed at Pakistani doctors.

            "When we were attacked, I got really scared and even thought about leaving the job," Khalid said. "But there's already a shortage of doctors. And if there are no doctors in the hospital, then the chaos will increase. So somebody has to be there. Somebody has to sacrifice."
            • Yesterday’s update.

            Coronavirus Cases: 10,389,779

            Deaths: 507,371

            World population: 7,800,000,000 projection: 380,902,596 deaths

            Underreported US death count: 128,759

            Originally posted by Boon Mee View Post
            it's been blown way out of proportion.
            Keep your friends close and your enemies closer

            Comment


            • European Union Bans Travelers From U.S. As Coronavirus Rages

              The ban is a stunning rebuke of the Trump administration’s failure to control the COVID-19 pandemic.

              The European Union will temporarily ban travelers from the United States as it begins to reopen borders to international visitors next month, a sharp rebuke of the Trump administration’s mishandling of the coronavirus pandemic.: https://www.huffpost.com/entry/eu-bo...b6aa825ac8e330



              Originally posted by Boon Mee View Post
              it's been blown way out of proportion.
              Keep your friends close and your enemies closer

              Comment


              • Coronavirus bankrupts Cirque du Soleil

                The fate of Cirque du Soleilwill be decided in a courtroom, not under the big top.
                Driving the news: The live events giant yesterday filed for bankruptcy protection in Canada and confirmed furloughs of around 3,500 employees.
                What happened: The coronavirus pandemic decimated the company almost entirely reliant on revenue from live events.
                • Just weeks before the virus hammered North America, Caisse de dépôt et placement du Québec (CDPQ) had increased its stake in the company and its debt was trading just below par.
                What now: Cirque's existing private equity owners, including TPG Capital, offered a reorganization plan whereby they'd retain a 55% equity stake.
                • A source says that 26 parties signed nondisclosure agreements with Cirque, but this was the only formal offer received.
                • It includes $300 million in new investment, $200 million of which is debt financing from Investissement Québec.
                • That money also would include the establishment of a $15 million fund for furloughed employees, and a $5 million fund for contractors.
                Between the lines: Cirque creditors aren't pleased with an arrangement that would leave them without a controlling interest. They're expected to submit a rival plan today, ahead of a Canadian court hearing.
                • This reflects something that's emerging as a big difference between our current financial crisis and the prior edition: Banks and other lenders are in a much stronger financial position, and seem more interested in fighting to defend their cap table superiority.
                • These conflicts could become more prevalent as bankruptcies continue to rise. As we noted yesterday, there already have been more global corporate defaults in 2020 than in all of 2019.
                The bottom line: Neither the private equity firms nor the creditors can really control when Cirque resumes operations. But the "winner" could significantly impact what that resumption looks like, and how many of the 3,500 employees get rehired.: https://www.axios.com/cirque-du-sole...a1997e4dd.html



                Originally posted by Boon Mee View Post
                it's been blown way out of proportion.

                Keep your friends close and your enemies closer

                Comment


                  • US buys up world stock of key Covid-19 drug

                  The US has bought up virtually all the stocks for the next three months of one of the two drugs proven to work against Covid-19, leaving none for the UK, Europe or most of the rest of the world.

                  Experts and campaigners are alarmed both by the US unilateral action on remdesivir and the wider implications, for instance in the event of a vaccine becoming available. The Trump administration has already shown that it is prepared to outbid and outmanoeuvre all other countries to secure the medical supplies it needs for the US.

                  “They’ve got access to most of the drug supply [of remdesivir], so there’s nothing for Europe,” said Dr Andrew Hill, senior visiting research fellow at Liverpool University.

                  Remdesivir, the first drug approved by licensing authorities in the US to treat Covid-19, is made by Gilead and has been shown to help people recover faster from the disease. The first 140,000 doses, supplied to drug trials around the world, have been used up. The Trump administration has now bought more than 500,000 doses, which is all of Gilead’s production for July and 90% of August and September.

                  The drug, which was invented for Ebola but failed to work, is under patent to Gilead, which means no other company in wealthy countries can make it. The cost is around $3,200 per treatment of six doses, according to the US government statement.

                  The deal was announced as it became clear that the pandemic in the US is spiralling out of control. Anthony Fauci, the country’s leading public health expert and director of the National Institute of Allergy and Infectious Diseases, told the Senate the US was sliding backwards.

                  “We are going in the wrong direction,” said Fauci. Last week the US saw a new daily record of 40,000 new coronavirus cases in one day. “I would not be surprised if we go up to 100,000 a day if this does not turn around,” he said. He could not provide an estimated death toll, but said: “It is going to be very disturbing, I guarantee you that.”: https://www.theguardian.com/us-news/...-covid-19-drug
                  • yesterday’s update.

                  Coronavirus Cases: 10,591,079

                  Deaths: 514,021

                  World population: 7,800,000,000 projection: 378,560,465

                  Underreported US death count: 130,122

                  Originally posted by Boon Mee View Post
                  it's been blown way out of proportion.
                  Keep your friends close and your enemies closer

                  Comment




                  • Originally posted by Boon Mee View Post
                    it's been blown way out of proportion.
                    Keep your friends close and your enemies closer

                    Comment


                    • BTS new normal: no phone chatting or face-to-face riding


                      The BTS Skytrain system has cancelled its seat-spacing measure in order to increase passenger capacity after schools and colleges reopened on Wednesday (July 1).

                      Social distancing has been relaxed to boost convenience for passengers, said Surapong Laoha-Unya, Bangkok Mass Transit System (BTS) chief executive officer.

                      However, stations and trains will limit the number of passengers to 70 per cent of normal capacity so as to prevent overcrowding on the system. The BTS is also operating “group release” measures for passengers in the morning and evening rush hours, to prevent overcrowding on platforms.

                      Meanwhile, passengers are being advised not to talk on their phones and to avoid facing each other at close proximity.

                      Frequency of rush-hour service is 2 minutes, 25 seconds for trains on the Sukhumvit Line, and 3 minutes, 45 seconds for the Silom Line, said the operator.

                      Temperature checks and ThaiChana scanning remain in place on the system.: https://www.nationthailand.com/news/...ernal_referral

                      Originally posted by Somchai Boonporn View Post
                      Perhaps a blessing in disguise for the Golden Land.

                      Keep your friends close and your enemies closer

                      Comment




                      • Originally posted by Boon Mee View Post
                        it's been blown way out of proportion.
                        Keep your friends close and your enemies closer

                        Comment


                        • Coronavirus Cases: 10,789,643

                          Deaths: 517,974

                          Underreported US death count: 130,767

                          Originally posted by Boon Mee View Post
                          it's been blown way out of proportion.

                          Keep your friends close and your enemies closer

                          Comment




                          • Originally posted by Boon Mee View Post
                            it's been blown way out of proportion.
                            Keep your friends close and your enemies closer

                            Comment


                              • Tourism in Thailand to lose up to $47bn from Covid-19: UN study

                              GENEVA: Global tourism revenues are expected to fall by up to US$3.3 trillion due to Covid-19 restrictions, with Thailand standing to lose $47 billion, according to a UN study published on Wednesday.

                              The 'Covid-19 and Tourism' report released by the United Nations Conference on Trade and Development (Unctad) is based on three scenarios for the industry, with lockdown measures lasting 4 months, 8 months and 12 months.

                              In those scenarios, revenues would fall $1.17 trillion, $2.22 trillion and $3.3 trillion respectively or between 1.5-4.2% of the world's gross domestic product (GDP).

                              The report did not say which scenario was most likely, although an Unctad official said the middle scenario "could be a realistic one".

                              "International tourism has been almost totally suspended, and domestic tourism curtailed by lockdown conditions imposed in many countries," the report said.

                              "Although some destinations have started slowly to open up, many are afraid of international travel or cannot afford it due to the economic crisis."

                              Thailand and France stand to lose approximately $47 billion each, according to the reprot.

                              The United States incurs the highest losses in all three scenarios, with a $187 billion drop in the one lasting just four months, followed by China with $105 billion.

                              Small island states such as Jamaica stand to suffer big losses in proportion to their economies, facing an 11% fall in GDP or $1.68 billion.

                              The US loss in the "pessimistic" scenario is $538 billion, or 3% of GDP.

                              The Unctad report covers 65 individual countries and regions. It calls for governments to boost social protection for affected workers in badly-hit nations.

                              Some of the estimates are comparable to those in a previous UN report by its World Tourism Organization in May, which found that tourism numbers could fall by 60-80% compared with 66% in Unctad's intermediate scenario.: https://www.bangkokpost.com/business...id-19-un-study

                              Originally posted by Somchai Boonporn View Post
                              Perhaps a blessing in disguise for the Golden Land.
                              • Pizza Hut, Wendy's franchisee expected to file for bankruptcy/The franchisee owns more than 1,200 Pizza Hut restaurants and 385 Wendy's

                              NPC International Inc., one of the largest restaurant franchisees in the U.S., is preparing to file for bankruptcy protection despite its brands reporting a bump in sales since the coronavirus pandemic, people familiar with the matter said.

                              The owner of more than 1,200 Pizza Hut restaurants and 385 Wendy's Co. stores could file for chapter 11 protection as soon as Tuesday, according to people familiar with the company's finances.

                              The franchisee missed interest payments on its nearly $800 million in loans on Jan. 31, prompting S&P Global Ratings and Moody's Investors Service to lower their views on the company's debt. NPC was in conversations with its lenders for a possible bankruptcy filing at that time, people familiar with the matter said.

                              A number of franchised restaurant companies have declared bankruptcy since the pandemic hit, including the parent company to Chuck E. Cheese and the U.S. division of bakery chain Le Pain Quotidien. Franchised chains largely depend on customers coming into their dining rooms and have had to navigate a plunge in sales due to mandated restaurant closures.

                              Pizza Hut was struggling before the pandemic in the U.S., but has proven to be one of the winners from changing consumer behavior during the virus. Quarantined diners have turned to delivery and carryout to eat safely, with a number of pizza chains reporting growth.

                              In early May, Pizza Hut had its highest average sales in delivery and carryout in the U.S. in the past eight years, according to parent company Yum Brands Inc. Same-store sales were up in the low teens from the end of April through the end of May, the company said.

                              Kansas-based NPC, which opened its first Pizza Hut restaurant in 1962, employs more than 37,000 people.: https://www.foxbusiness.com/markets/...for-bankruptcy


                              Originally posted by Boon Mee View Post
                              it's been blown way out of proportion.
                              Keep your friends close and your enemies closer

                              Comment


                                • Early trial results keep Pfizer vaccine development on track for possible 2020 distribution

                                As the novel coronavirus continues to spread across the U.S. and abroad, new hope may be emerging in the race to develop a vaccine.

                                Pfizer, one of a handful of companies racing to develop a vaccine, reported promising new data Wednesday from its early stages of trials.

                                Phil Dormitzer, a vaccine developer at Pfizer, spoke to ABC News about the new data from the company's vaccine, which he called "tremendously exciting," and shared more about a potential release timeline and the vaccine's efficacy.

                                "What we're presenting today is preliminary interim data from the United States trial for the first of those vaccine candidates," he said in an interview with "World News Tonight." "Our first vaccine candidate is eliciting antibody levels to neutralize the virus that is equivalent to or better than what you see in people who have had COVID-19."

                                "It's been a tremendous amount of work and there's now a lot of pride to see the results start to come forward," he added. "The potential is there to actually change a lot of people's lives."

                                "In this program, we're going fast. But that does not mean that we're cutting corners or having any lowering of the safety standards," he explained, adding that Pfizer is doing what is necessary to make sure the vaccine candidates are safe.

                                "If this is successful and is rolled out in the scale that we hope it is, we could prevent a tremendous amount of harm from occurring," he said about the possible vaccine for the virus that has killed over 512,000 people worldwide. "This is very much in line with the overall mission of Pfizer and the vaccine's division, where this is not the only major pathogen against which we either have or are developing vaccines. But it's hard to imagine another pathogen that has been as disruptive to society that is causing as much fear today as this virus is."

                                While the manufacturer has not given a specific release date, Dormitzer assured ABC News Pfizer is "currently on track" to meet the goal of producing 100 million doses by the end of the year and another 1.2 billion doses in 2021.: https://abcnews.go.com/Health/early-...ry?id=71564008



                                Originally posted by Boon Mee View Post
                                it's been blown way out of proportion.
                                Keep your friends close and your enemies closer

                                Comment

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