Argentina exceeds 100,000 cases of novel coronavirus

first_imgMauro Grossman, an intensive care doctor at Ezeiza Hospital in Buenos Aires, told Reuters he believed the peak was approaching. “We believe this peak will plateau and not decrease for a while,” he said. “That is the most dangerous thing, being at peak for a long time, that is what is going to make beds fill up much faster and the intensive care beds get quickly occupied.”Some 12.81 million coronavirus cases have been confirmed worldwide, and 565,231 people have died, according to a Reuters count.The United States has the highest number of cases in the world, with 3.26 million and 134,654 deaths. Other countries with high rates of infections include Brazil, India and Russia.The coronavirus has also hit Argentina’s economy hard, when it was already heading into its third year of recession at a time when it seeks to restructure $65 billion in debt. The death toll in Argentina from COVID-19, the illness caused by the coronavirus, is 1,845, a far cry from the 71,469 in Brazil by Sunday and the 11,682 in Peru.But confirmed case numbers moved into four figures daily in early June and for the past four days have hit at least 3,000 daily.Carla Vizzotti, deputy health minister, said the lockdowns would be maintained while hospitals continued to fill up.”What we want to do is…decrease virus transmission and buy more time for the health service to be able to respond,” she said. Argentina exceeded 100,000 cases of novel coronavirus infections on Sunday as it struggles to contain spiraling case rates despite a strict quarantine imposed on the capital Buenos Aires and its surroundings.The health ministry said 2,657 new cases confirmed overnight took the total to 100,166.The South American country imposed a strict quarantine in mid-March to stop the pandemic. It relaxed restrictions slightly in May but then reinstated them in late June for Buenos Aires and its surroundings due to a spike in cases.center_img Topics :last_img read more

Governor Wolf Thanks Pennsylvania Civil Air Patrol for Crucial Assistance During Winter Storm

first_img January 09, 2018 Governor Wolf Thanks Pennsylvania Civil Air Patrol for Crucial Assistance During Winter Storm Press Release,  Public Safety,  Weather Safety Harrisburg, PA – Governor Wolf today thanked the more than 50 volunteers from the Pennsylvania Civil Air Patrol (CAP) who responded to a short-notice weather emergency in Erie during the Christmas holiday. Nearly five feet of lake-effect snow severely hampered normal movement around the city and multiple state agencies, including the Pennsylvania National Guard, responded to provide relief to residents.“I am always proud of our emergency management teams and our first responders, and no more so than today as we recognize the work of the Civil Air Patrol,” Governor Wolf said. “These volunteers give new meaning to the definition of first responders with their incredible dedication and quick action to help in emergency situations such as the one in Erie.”“Civil Air Patrol Coordination Officers provided vital information during the weather emergency planning process,” said Maj. Gen. Tony Carrelli, Pennsylvania’s adjutant general. “Their input and quick response time allowed us to get this critical capability into Erie sooner ensuring the safety and health of more than 200 citizens during that difficult time.”Members of the CAP provided aid to vulnerable residents, such as the elderly and those with medical conditions or disabilities.The Pennsylvania Wing of the Civil Air Patrol has units based throughout the commonwealth and are closely nested with the Pennsylvania National Guard and Pennsylvania Emergency Management Agency (PEMA) during emergency response situations.“In a time of crisis, we know we can count on the Pennsylvania Civil Air Patrol,” Governor Wolf said.  “They bring tremendous capability to our communities and provide great opportunities to teach our youth about service, integrity and respect.”“This operation went very well considering the extreme working conditions,” said Brig. Gen. Michael Regan, deputy adjutant general for the Pennsylvania Air National Guard. “It showed just how vital it is for us to have a great partnership with the CAP and to be able to efficiently coordinate our efforts.”The PNG has a long-standing partnership with the CAP, which are both headquartered at Fort Indiantown Gap, Lebanon County. As unpaid volunteers, members of the CAP offer an amplification of rescue skills to the commonwealth during natural disasters.center_img SHARE Email Facebook Twitterlast_img read more

Baseball legend Dave Nilsson hits home run on waterfront property

first_imgFile shot of Dave Nilsson #14 of the Milwaukee Brewers standing ready at bat during a game against the Chicago Cubs in Chicago, Illinois. Picture: SuppliedHE was once the second highest paid Australian athlete in the world, so it’s not like he needs the money, but legendary baseballer Dave Nilsson has added another million-plus to his name.His investment property at Bollard Circuit, Clear Island Waters, has gone under contract within 24 days of being put up for sale at a price of $1.65 million.The Bollard Circuit home at Clear Island Waters. Picture: Realestate.com.auMore from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoThe Bollard Circuit home at Clear Island Waters. Picture: Realestate.com.au Whitewashed kitchen with water views. Picture: Realestate.com.au The Bollard Circuit home at Clear Island Waters. Picture: Realestate.com.auSports starts kicking property goals…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality LevelsAudio TrackFullscreenThis is a modal window. An unanticipated problem was encountered, check back soon and try again Error Code: MEDIA_ERR_UNKNOWN Session ID: 2020-09-28:2a044ef731e7805c170836da Player Element ID: vjs_video_3 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen00:00 Related videos Mr Nilsson bought the 884sq m block for $275,000 in November 2000, and built a luxury four bedroom home on it the following year – complete with a floating pontoon off the 20 metre wide water frontage. The home has the potential for a fifth bedroom, given the separate downstairs office has its own ensuite.Mr Nilsson’s property was built as a two-storey with a double garage and has multiple formal and informal living zones, a media room, waterfront pool, large master bedroom with “panoramic water views”, a contemporary kitchen, and dual front access.Panoramic water views. Picture: Realestate.com.au The home is on the market for the first time ever. Picture: Realestate.com.auThe price was less than 11 other five bedroom homes sold on the street, three of which fetched upwards of $2m. The highest price fetched for a five bedroom home in prestigious Bollard Circuit was $2.5m in April last year. The top prices on the street though were $3.05m and $3.87m for larger blocks than Mr Nilsson had.last_img read more

Joseph Mariathasan: Market volatility, and coping with crowded trades

first_imgThe combination of those two things and the fact that they respond quite quickly to market movements means that you can get gaps. As he points out, CTAs can be three-to-five times leveraged and in contrast to risk parity a trend following strategy will be aggressively long an asset and then move to be short an asset. That does suggest risk parity strategies may not be the cause of volatility. They will always have a long exposure to an asset but just trim and manage that exposure to keep it in proportion to other exposures in the portfolio without a wholesale change in direction. But there can also be other big players including banks hedging structured products and derivative exposures which again will respond to short term changes. In contrast, risk parity tends to rebalance monthly or a different frequency depending on the manager.Risk parity approaches are essentially passive and would tend to rebalance monthly without taking a negative or positive view on assets but always trying to maintain a long portfolio across lots of different assets. So even if a risk parity approach has some leverage, it is usually tweaking at the edges to get the desired allocation. Risk parity is an example of a volatility controlled strategy that responds to changes in market volatility by increasing or decreasing leverage, so increasing equity volatility and correlation to other assets would lead to risk parity portfolios reducing equity exposures. In that sense, there is clearly a theoretical problem that when there is a bout of increased equity market volatility, there may be a case of too many elephants trying to squeeze out of the exit door. But risk parity may not be a large enough strategy to be an issue in this case.Bridgewater’s Ray Dallio argued in the wake of August 2015’s turmoil that US funds have allocated around 4% of assets to risk parity strategies, amounting to around $400bn (€360bn) – of which Bridgewater’s own All Weather Fund accounts for $80bn. Dallio estimated that if external managers cut their risk by 25%, it would result in a sale of $20bn spread across global equities, bonds and commodities. Typical equity holdings are 35%, with half being US equities so a 25% reduction would only amount to $4bn, whilst trading volumes in US equities for the period of high volatility was $200bn daily. Relative to overall trading volumes, then the impact of risk parity trading appears to be miniscule.If risk parity is not to blame for increased market volatility, then what is? Other forms of systematic trading could certainly have contributed more than risk volatility. There are certainly an increasing number of other types of trading that are possible culprits such as high frequency trading and model-driven systematic strategies. The actions of non-profit oriented players such as the ECB may also be an issue. There are immense issues being caused by central bank policies driving a lot of flows in the market. The ECB is buying tens of billions of bonds every month and investors are positioning themselves in anticipation of what central banks are going to do and that leads to very crowded one-way sentiment in the market. But for the next few years, how the UK copes with Brexit may provide a structural reason for increased volatility even if the distribution is very far from normal. Trying to model the behaviour of equity markets has become increasingly difficult and, as the Brexit vote has so dramatically illustrated, markets can be thrown completely off-course by unexpected events. It is clear they do not follow a normal, Gaussian distribution. The existence of fat tails seems to be pretty conclusive and hence a higher than expected frequency of ‘black swan’ events of which the Brexit vote is a clear example. The volatility seen post-Brexit vote is understandable, but other periods of extreme volatility are often not.A good example of recent unexplained volatility were occurrences in August 2015, when US stocks went down almost 7%.This was attributed to risk-parity strategies that were forced to sell equities as market volatility rose. A JP Morgan analyst, Marko Kolanovic, quantified the volume of potential selling by risk parity strategies in various market scenarios and came up with the conclusion that selling could have been in the hundreds of billions of dollars. Such comments resulted in a vigorous defence of risk parity by its major proponents, including from Bridgewater and AQR Capital Management.Whilst Brexit-induced volatility may be a good example of a dramatic change in fundamentals, what is also clear is that technical selling can appear at times to overwhelm any fundamental valuations creating large short term movements leading to sharp gapping in prices. The issue for the stability of financial markets is whether this market volatility has been exacerbated by particular types of investment strategies.Volatility targeting, for example, has become an increasingly widespread way of managing assets and that has implications: Adding risk as volatility goes down and reducing risk as volatility goes up can be pro-cyclical, extending a move that has already started. As one manager argued, if the euro starts rallying and the daily volatility is declining, then CTAs will be building up an exposure in a market over the course of a trend as markets that are trending will often exhibit declining volatility. When the trend ends, you see a change in direction and an increase in volatility. CTAs who follow that trend will cut their positions, first because the trend is finished and secondly because they have to reduce their position size because volatility has increased.last_img read more

Finnish pension funds plough €150m into domestic growth firms

first_imgKeva, Finland’s largest pension fund, is linking up with Ilmarinen, Elo and other pension providers to invest €150m jointly in Finnish growth companies via a newly created fund.The three pension funds along with Finnish financial services groups LokalTapiola and Fennia have formed the investment fund Kasvurahastojen Rahasto III Ky (KRR III). State-owned investment company Tesi (Finnish Industry Investment) has also joined the new fund.Markus Pauli, Keva’s CIO for alternative investments, said: “The fund combines two things that are important to us: firstly, it has a positive effect on the whole of Finnish society as it finances and helps growth companies, and secondly, the fund gives the investors sufficient return potential, which is obviously a prerequisite for employers to invest in it.”KRR III is the third in a series of funds, with the previous vehicles having included “famous success stories”, Keva said. Examples of these companies include Nordic pizza restaurant chain Kotipizza, department store chain Puuilo and Nordic restaurant food delivery app Wolt.The KRR investment fund model involves capital investors offering growing businesses not just financing but also practical support, Keva said.Capital investors usually sit on the boards of the companies the funds invest in, meaning they are also available to give those businesses advice and guidance.Keva’s investment portfolio was worth €48.5bn at the end of 2016, according to IPE’s Top 1000 Pension Funds survey.last_img read more

DCMH Ranked 2nd Nationally In Healthiest Workplaces

first_imgDecatur County Memorial Hospital is ranked #2 in the 2014 Healthiest Employees 100 list.Decatur County Memorial Hospital recently announced that it is has been inducted into the 2014 Healthiest Workplaces in America. The hospital is ranked 2nd in the national list.The award is sponsored by Healthiest Employers, a technology and data research company that is focused on corporate wellness.The hospital has integrated several initiatives to promote employee wellness and practices. The hospital now offers annual staff and spouse health screenings, discounted insurance and fitness programs, a wellness garden and weight loss challenges.“Not only am I proud from a personal standpoint because I feel that I contributed to that success,” said Lynzee McDowell, marketing and communications director at DCMH.“You know we are such as a small town hospital so to have any national recognition, it truly means something- I think it shows everyone our efforts we do internally and externally are really being noticed,” McDowell added.The hospital also won Indiana’s Healthiest Employer award for the 100-499 employee sized company in August.DCMH is leading the charge for a healthier community. If other area businesses are interested in implementing screenings or programs, contact DCMH WorkWell Occupational Health at (812) 662-6450 to learn more.last_img read more

Dennis Culp, 74, Osgood

first_imgDennis W. Culp, 74, of Osgood passed away at 9:15pm, Tuesday, April 21, 2020 at Christ Hospital in Cincinnati. He was born in Seymour on November 7, 1945 the son of Rev. O. H. and Maude McAllister Culp. He was married to Shirley Grills on December 23, 1966 and his wife of 53 years survives. Other survivors include one son Stephen (Kelly) Culp of Osgood; one daughter Lora (Bill) Collins of Milan; four grandchildren Brianna (Luke) Grow of Napoleon, Ashlynn Culp and her companion Jake Reilmann of Milan, Austin Collins of Ft. Mitchell, Kentucky, and Zachary Collins of Milan; one great grandson Bentley Reilmann; one brother Don (Jean) Culp of Seymour; two sisters Jewell Mack and Gerry Cordry both of Brownstown. He was preceded in death by his parents, his brothers Ranal, Bill, Charles, and Glenn Culp, and his sisters Judy Pindell and Ernestine Beineke. Mr. Culp was a 1966 graduate of Jac-Cen-Del High School. He was an Army veteran of the Vietnam War, inducted into the Armed Forces on October 3, 1966. He served with the 91st Engineer Battalion and for service to his country Dennis was awarded the Good Conduct Medal, National Defense Service Medal, and was classified as a rifle sharpshooter. He was honorably discharged on October 2, 1972. In civilian life he worked in maintenance at Delta Faucet in Greensburg for 43 years retiring in 2012. Dennis enjoyed woodworking and had mastered making wood boring bee traps. His greatest joy in life was spending time with his family, especially his grandchildren. Dennis was a member of the First Baptist Church in Osgood and attended the Bridge of Hope Church. Dennis’ wishes were to be cremated and a memorial service celebrating his life will be held at a later date. Because of Dennis’ love for children, his family requested memorials be given in his name to CEF (Good News Clubs) in care of the Stratton-Karsteter Funeral Home in Versailles.last_img read more

Villa optimistic about Benteke

first_img “He is doing great. I think he will be back quicker. We’ll have to wait and see,” said Lambert. “We’ve two games before the international break, which has probably come at the right time for him and for us. “The worst scenario was he was going to be out for a considerable period of time, but the way he is progressing, everybody is pretty happy with him.” Lambert has indicated a lack of proper rest period may have played its part in Benteke’s current problem given the demands placed on him by club – not just Villa but former side Genk – and country. “He played a lot of games with Genk before he joined us, so he never really had that much of a break,” added Lambert. “The amount of games he’s had here, and playing for the national team, never gave him that breathing space. “He never mentioned he was fatigued or anything, he just kept on going. “It’s the first time he’s been injured since I’ve been here, but hopefully, as I’ve said, it’s not too bad.” Benteke is one of nine players currently on the sidelines, although Lambert is hopeful the likes of Gabriel Agbonlahor, Fabian Delph and Andreas Weimann should be fit for Saturday’s visit of Manchester City. Press Association Lambert confirmed on Tuesday Belgium international Benteke faced up to six weeks on the sidelines with a hip injury sustained during the first half of Villa’s 1-0 win at Norwich on Saturday. Lambert has refused to put a timeframe on the positive prognosis, but the tentative suggestion is Benteke may return after next month’s international break and the home game with Tottenham on October 20. center_img Aston Villa manager Paul Lambert is hopeful star striker Christian Benteke could return quicker than initially diagnosed.last_img read more

Sterling closes in on City switch

first_imgLiverpool forward Raheem Sterling is expected to move closer to sealing his £49million transfer to Manchester City on Tuesday. Speaking at a press conference in Bangkok, the Northern Irishman said: “I spoke to Raheem at length again before I left (on Sunday), so there is no issue and no problem. “Two clubs have agreed a deal and subject to a medical he will move on. But at this moment in time the interest is with the players that are here.” Sterling had reportedly asked Rodgers not to include him in the tour party and, when City tabled their improved bid on Sunday, Liverpool accepted the deal was done. It will bring to an end an acrimonious six-month saga which began when Sterling rejected what Rodgers described as an “incredible” new contract offer in February. Sterling went on to explain in an unsanctioned BBC interview why he had rejected the deal, before his agent Aidy Ward claimed the player would not sign a new deal – even for “£900,000 a week”. Merseyside Police confirmed on Monday evening that they were investigating Twitter threats made towards Sterling and his three-year-old daughter after news of his imminent switch was announced. “The language used in these tweets is abhorrent,” a Merseyside Police spokesman said in the Liverpool Echo. “We are taking the incident extremely seriously and an investigation by detectives in Liverpool CID is ongoing. “People who use the internet to target others and who commit criminal offences such as harassment or hate crime in doing so are not beyond the law and can expect to be brought to justice.” Sterling is understood to have completed a medical at City on Monday after the Merseyside club accepted their third bid for the player, who made no secret of his desire to leave. The 20-year-old was not included in Brendan Rodgers’ squad for the pre-season tour to Thailand, but the Reds boss insisted there were no hard feelings between himself and the player. center_img Press Associationlast_img read more

Fifty years ago, Brazil taught the world to play, in colour

first_imgPARIS , France (AFP) — Fifty years ago modern football was born at the World Cup in Mexico, kicking and yelling, and live in vibrant colour for a global audience.Sunday marked the anniversary of the final of that 1970 tournament which was won by Brazil’s technicolour team.Mexico in 1970 was not the first World Cup broadcast live.Four years earlier 400 million watched England beat West Germany in the final. But that tournament was shown in black and white.Battered Brazil, the reigning champions, limped out playing, as far as viewers could tell, in two shades of grey.In Mexico, their yellow, blue, and green glowed in the sunshine.Most viewers still watched in black and white. But the games were shot in colour, and when the many iconic moments are replayed, that is how they are seen. And that is how the competition is remembered, even by its greatest star.“I watch it because there are a lot of videos available and TV programmes,” Pele told Fifa’s website. “If I’m not careful, I always start crying.”The tournament gave Pele his third winner’s medal, but the images also cemented his reputation as the world’s greatest player, partly because of three spectacular near misses: a shot from his own half against Czechoslovakia, a header saved by England’s Gordon Banks, and the dummy that almost turned a Tostao pass into a goal against Uruguay.“I was at my peak,” Pele said. “We had a fantastic side and everyone expected us to win, which gave me the shakes.”His strike partner Tostao wrote in his column in Brazilian newspaper Folha recently that Pele “wanted to end his international career with a great triumph, both individually and collectively, so no one would have any doubts that he was the best of all time.”The quarter-finals all kicked off at noon on June 14.Gigi Riva scored twice and Gianni Rivera once as Italy beat hosts Mexico 4-1.Rivellino, Tostao, and Jairzinho, but not Pele, scored as Brazil beat Peru 4-2.“There were four 10 shirts in that team,” Teofilo Cubillas, one of Peru’s scorers, told the Brazil football federation website. “If you scored four goals, they would go there and score eight.Reigning champions England, with many of the stars of 1966 but not an ailing Banks and not, by the end, Bobby Charlton, substituted with his team two goals up to protect him from the heat, lost 3-2 in extra time to West Germany. Franz Beckenbauer and Gerd Mueller were among the German scorers.In the semi-finals, in Guadalajara, Brazil gave Uruguay a one-goal start but won 3-1. Again Pele didn’t score, but Clodoaldo, Jairzinho and Rivellino did.In Mexico City, the other semi-final was heading for a 1-0 Italian win until Karl-Heinz Schnellinger scored a 90th-minute equaliser for West Germany.Extra time was 30 minutes of mayhem.Mueller gave West Germany the lead. Tarcisio Burgnich levelled and Riva put Italy ahead. Mueller replied, but a minute later Rivera gave Italy victory.The abiding image is of Beckenbauer playing much of the game extravagantly strapped after dislocating a shoulder when West Germany had already used both substitutes.Everybody is still talking about itThe best was yet to come.Italy were a good team, with the extravagantly gifted Sandro Mazzola. The defence was built on the great Inter Milan side, pioneers of ‘catenaccio’, with Giacinto Facchetti at its heart. Brazil tore them apart.At an altitude of 2,200 metres (7,200 feet) in dazzling sunshine in the Azteca, Brazil produced a display of attacking football that touched Olympian heights.Mario Zagallo, Brazil’s coach, later said he thought the 1-0 victory over England “was the best game of the tournament…a high-class game of chess.”Yet Brazil’s attacking display in the first technicolour World Cup final set a benchmark against which every one of the tens of thousands of matches broadcast since is measured.Pele gave Brazil the lead with his fourth goal of the competition.“I told myself before the game, he’s made of skin and bones just like everyone else — but I was wrong,” Burgnich said later.Roberto Boninsegna levelled, but in the second half Gerson and Jairzinho put the match beyond reach.It was as if Brazil were inventing football. They finished with a flourish, scoring one of the great team goals with four minutes left as full-back Carlos Alberto finished a mesmerising eight-man move by lashing home Pele’s deft pass.“I realise how beautiful and how important that goal was, because everybody is still talking about it,” Carlos Alberto told the BBC years later.“Nobody talks about Pele’s goal, the first goal, the second goal. It is always about the fourth goal. I think it was the best goal ever scored in a World Cup.”It was a fitting exclamation mark at the end of what might have been the best World Cup.last_img read more